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Fsipl icici svcd_apts_quote_3.0
1. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
November 24, 2011
ICICI Bank Ltd.,
Hyderabad
Kind Attn: Mr. Harikrishnan T
Sub: Revised Non‐binding Quote for Serviced Apartments Facilities at Hyderabad for
employees / trainees of ICICI Bank Ltd.
Future Space India is an Infrastructure and Realty Company which provides a wide array of services
including Serviced Apartments, Transaction Management, Property Development and Construction
Services. We have been retained by many corporate for their projects in the state of Andhra
Pradesh.
We would like to thank you for inviting us to submit our non‐binding quote for the above mentioned
project. We are offering a choice of two locations to suit your requirement.
We are confident that you will find our quote to be very competitive. Kindly note that a mutually
agreeable & a detailed contract agreement, from Future Space India and / or its group company, will
be forwarded once the quote is approved and communicated.
We once again thank you for your time, and interest in our company.
Yours sincerely,
For Future Space India (P) Ltd
Arunkumar Kankipati
Director Business
Future Space India
Mail ID# kak@futurespace.net
Hand Phone# +91 9848141393
1 | P a g e Confidential Revised Quote
2. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
TABLE OF CONTENTS
Accommodation ____________________________________________________________ 3
Proposed Locations: _____________________________________________________________ 3
Snapshots ______________________________________________________________________ 3
Furniture, Fixtures & Services ______________________________________________________ 9
Inventory per Personnel ________________________________________________________________ 9
Inventory per Flat _____________________________________________________________________ 9
Services _____________________________________________________________________________ 9
Pricing Accommodation _________________________________________________________ 10
Food ____________________________________________________________________ 11
Menu ________________________________________________________________________ 11
Pricing Food ___________________________________________________________________ 11
Final Pricing ______________________________________________________________ 12
Terms & Conditions ________________________________________________________ 13
Rules & Regulations ________________________________________________________ 14
Photographs of Model Apartment – Westin Plaza*: ______________________________ 15
2 | P a g e Confidential Revised Quote
3. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Accommodation
The key features of the accommodation being provided for the Proposed Service Apartment for ICICI
Personnel are as follows:
Proposed Locations:
We propose two alternative options for locations:
Option ‐1: Western Plaza:
Luxurious gated community living at Hyderabad’s premier residential location brought to you by
Western Constructions. Envisage a new experience of lavish living. Be a part of buzzing
development, only a short walk from Jubilee Hills, a host of hospitals, schools, malls, restaurants,
cafes & clubs. Flanked all around by green vibrancy and a pollution free zone, these healthy homes
definitely provide the recipe for happy living. The Plaza is proud to provide a swimming pool and a
club house for relaxing and socializing with the cream crowd in burgeoning, elite neighbourhood.
Extra large rooms with individual balconies permit privileged viewing with assured quality and
modernistic architectural approach, the plaza is definitely a landmark venture.
Snapshots
A snapshot of the property, where FSI is proposed to provide the Service Apartments
3 | P a g e Confidential Revised Quote
4. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
URL# www.westernconstructions.com
Pros:
1. Star rated 468 apartment Complex in 7acres
2. Spacious Flats at an average of 2100sft
3. All 500 guests can be accommodated in one space.
4. Exclusive floors available to offer ICICI with enhanced security.
5. Intercom & 100% power backup to entire facility
6. Building approved by GHMC, Suitable to run Service apartments as per norms
7. Free access given to use Community club, GYM & other facilities
8. Convenience stores and restaurants in visible distance
9. In proximity of 7.1km from ICICI with drive time of max 10mins.
10. Round the clock security with surveillance cameras
Cons:
1. High Rents due to high‐end facilities & amenities.
2. High maintenance charges due to top end infrastructure.
3. Not an exclusive facility being a part of 468 flats community.
4. Construction work still going on in neighbouring towers (scheduled to finish by March)
4 | P a g e Confidential Revised Quote
5. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Option ‐2: Combination of Richmond Villa Apartments & Reliance Paradise
The accommodation is proposed for Women in Richmond Villa Apartments and for the Men in
Reliance Paradise.
Location 2a: Richmond Villa Apartments
Pros:
5 | P a g e Confidential Revised Quote
6. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
1. Lavishly built 20 Flats apartment in 2500 sq yrds
2. Spacious 3bedroom Flats with two models 2700sft & 2400 sft
3. Almost an exclusive facility with 19 out of 20 flats offered to ICICI
4. Best accommodation to offer female trainees separate from boys.
5. Abundant parking space
6. Serene Locality with private compound.
7. GHMC approved plan suitable to run service apartments.
8. In proximity of 6.1km from ICICI with drive time of less than10mins
9. Intercom facility & 100% DG backup
10. Ready to move in
11. Pricing advantage of INR 500.00 per bed per month over Option I
Cons:
1. Small facility to accommodate all at one place.
2. Lack of amenities like Club House & Gym
6 | P a g e Confidential Revised Quote
7. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Location 2b: Reliance Paradise
Pros:
1. Star rated apartment Complex
2. Spacious Flats
3. Location 2b is in close proximity of Location 2a.
4. Intercom & 100% power backup to entire facility
5. Building approved by GHMC, Suitable to run Service apartments as per norms
7 | P a g e Confidential Revised Quote
8. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
6. Free access given to use Community club, GYM & other facilities
7. Convenience stores and restaurants in visible distance
8. In proximity of 7.1km from ICICI with drive time of max 10 mins.
9. Round the clock security with surveillance cameras
Cons:
1. High maintenance charges due to top end infrastructure.
2. Not an exclusive facility being a part of huge community.
3. Apartments offered are spread across multiple towers in Reliance Paradise Project.
4. Construction work still going on in neighbouring towers (scheduled to finish by March)
8 | P a g e Confidential Revised Quote
9. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Furniture, Fixtures & Services
Please find the entire list of Furniture & Fixture to be provided per bed, per room & per flat along
with the Services provided to each Flat, room & Individual. There shall be 3 Personnel sharing each
bed room.
Inventory per Personnel
Item
Single Bed
Wardrobe / Cupboard with lock
One Mattress
Bed sheet + Blanket + Pillow
Inventory per Flat
Item
Geysers for each Bathrooms
Buckets + Mugs + misc toiletries
Sofa + Dining table + Magazine rack
Six Chairs and One Centre Table
Water dispenser
Intercom with 1 extension per flat
Fans + Lights in Rooms & common areas
1 Television per flat
Dinner Plates + Tumblers + coasters Etc.,
Casseroles + Serving dishes
Dryers/Hangers
1 Set‐top‐box per flat
Handheld RFID terminals(optional for attendance) + Software
Inverters (1Hr backup) 1Kva
Common backup power through D.G. Set
1 Surveillance Camera per Flat
Intercom with 1 extension per flat
Services
Item
Laundry(Linen change twice a week)
Housekeeping(1 Attendant for every 2 Flats)
Electricity Charges
Daily Newspapers & Magazines
Packaged Drinking Water
Provision for Surveillance monitoring
9 | P a g e Confidential Revised Quote
10. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Pricing Accommodation
With all the above mentioned features the basic pricing of accommodation:
SNO Particulars Remarks Location Option‐I Location Option‐II
Amount INR. Amount INR.
1 Purely on Accommodation Basis Per Bed Per Month 5,500.00 5,000.00
a) Subject to Minimum occupancy of 500 Beds with
minimum lock‐in period of 12 months
b) inclusive of Electricity Charges, Housekeeping &
Maintenance of Premises
c) triple occupancy per room
10 | P a g e Confidential Revised Quote
11. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Food
We serve quality, hygienic food with a fixed menu of dishes, as mentioned below, inclusive of both
South Indian & North Indian.
Menu
Days Breakfast Dinner
Monday Bread Toast, Veg. Cutlet, or Idli / Vada sambar Daal, Curry, Plain Curd, Sambar, Rice, Pulka
Tuesday Idli / Vada Samber Dal, curry,Sambar, Plain Curd,Rice, Papad,
Pulka
Wednesday Aloo paranthas & Curry or Veg noodles Dal, curry,Sambar, Plain Curd,Rice, Papad,
Pulka
Thrusday Poori Chana or Poori Bhaji Dal, curry,Sambar, Plain Curd,Rice, Papad,
Pulka
Friday Pav Bhaji or Tomato Bath Dal, curry,Sambar, Plain Curd,Rice, Papad,
Pulka
Saturday Pongal or Poori Korma Dal, curry,Sambar, Plain Curd,Rice, Papad,
Pulka
Sunday Idli/Vada Sambar Dal, curry,Sambar, Plain Curd,Rice, Papad,
Pulka
Pricing Food
S NO Particulars Amount INR.
Food Pricing
Breakfast, & Dinner only per person per month 2,400.00
11 | P a g e Confidential Revised Quote
12. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Final Pricing
(Accommodation + Breakfast + Dinner)
SNO Particulars Remarks Location Option‐I Location Option‐II
Amount INR. Amount INR.
1 Pricing for Accommodation Per Bed Per Month 5,500.00 5,000.00
2 Pricing for All Meals (Breakfast, & Dinner) Per Person Per Month 2,400.00 2,400.00
GRAND TOTAL 7,900.00 7,400.00
12 | P a g e Confidential Revised Quote
13. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Terms & Conditions
1. The accommodation provided shall be exclusively for Residential purposes only.
2. A detailed agreement to be signed on acceptance of quote.
3. Three months of rent for accommodation & one month of charge for Food is required to be
paid in advance at the time of signing of the detailed agreement.
4. Rent for every month shall be paid in arrears after receipt of monthly invoice. Invoice shall
be raised for each month before the 15th of that month and shall be cleared and payment
made within 15 calendar days of raising the invoice.
5. The charges for accommodation are inclusive of all taxes. Taxes as applicable for all other
services.
6. 35 days prior notice is required to be provided before the initial occupancy of the
accommodation provided.
7. The agreement shall be made for a period of 5 years, with a lock‐in period of 12 months.
There shall be an increment of 7.5% on the Accommodation charges, and 10% on Food
Charges.
8. The customer shall pay charges for the twelve months even if they desire to discontinue
occupying the premises during the currency of the initial twelve month period of the
agreement.
9. A notice of 3 months in advance is required from both the parties for the Termination of
contract.
10. Occupants of the Apartments have to adhere to the Rules & Regulations mentioned
separately in this document.
13 | P a g e Confidential Revised Quote
14. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Rules & Regulations
1. All movements to and from the service apartments should be recorded with the security guard
at the entrance of the service apartment.
2. Change of allocated rooms will be permitted only after prior information and obtaining written
consent from FSI.
3. The rooms are shall be accessible to FSI, its representatives, agents and sub‐contractors for
ensuring cleaning, maintenance and periodic inspection.
4. The occupants shall keep the rooms, and surrounding premises hygienic, neat and tidy.
5. Unauthorized items like liquor, drugs, lethal weapons etc., are not to be brought into the
premises or stored in the rooms. Possession of any lethal weapons or any instrument /
contrivance, which is likely to cause physical harm to others, is strictly prohibited.
6. Occupants shall not cause inconvenience, annoyance or disturbance to others, nor enter into
any unnecessary conversation, quarrel or altercation with the staff. Complaints if any are to be
submitted in writing to FSI representatives.
7. Smoking is prohibited inside the service apartment. Gambling, other illegal activities,
consumption of alcohol, possession and use of drugs and narcotics are prohibited.
8. Visitors are required to register with the security personnel and meet the occupants only in
scheduled meeting areas. Visitors may not stay along with the occupants in the service
apartment allotted.
9. Occupants shall take utmost care to ensure that furniture, fittings and premises are not
damaged due to faulty and negligent behaviour.
10. Water outlets need to be closed and electrical appliances should be switched off when not
required or not in use.
11. The occupants shall not use any other locks other than the one provided to them for locking
their allocated rooms. Occupants leaving the service apartment or discontinuing their stay
should never lock their rooms and cupboards and shall handover the keys to FSI
representatives.
12. Use of heavy duty electrical appliances like steam irons, induction stoves or other appliances
apart from those provided in the rooms is prohibited without prior approval from FSI. However,
charging of laptops, mobile phones and other personal accessories is allowed.
13. Cooking in the service apartment by the occupants is prohibited. However, consumption of food,
which has been purchased outside is permitted.
14. Violation of any of these rules would result in FSI notifying the ICICI representative, who shall
take necessary action.
14 | P a g e Confidential Revised Quote
15. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
Photographs of Model Apartment – Westin Plaza*:
15 | P a g e Confidential Revised Quote
16. Future Space India (P) Ltd.
Plot No. 67, Kavuri Hills, Madhapur
Hyderabad, India – 500 033
www.futurespace.net
*Note: The photographs of furniture shown in the model flat are indicative only and actual
furniture provided can vary depending on the availability and the final furnishing option chosen
by ICICI.
16 | P a g e Confidential Revised Quote