Smart cities to attract over Rs 2-lakh cr investments: Venkaiah Naidu

A minimum investment of Rs 2 lakh crore will flow in over the next five years for development of urban areas across the country, with nearly half the amount coming in from state and local bodies, Union Minister Venkaiah Naidu said today.

The Union Cabinet yesterday approved the government’s flagship 100 smart cities project and the new urban renewal mission with a total outlay of about Rs 1 lakh crore.

“A minimum investment of over Rs 2 lakh crore would flow into urban areas over the next five years since states and local bodies would mobilise matching resources ranging from 50-66 per cent,” Naidu said today.

The Minister for Urban Development and Housing further said the initiative would help make the urban life confortable given the large-scale migration taking place from rural areas.

“Urbanisation is a reality and you can’t reverse it. People are migrating from rural areas because of five needs, education, entertainment, employment, economic opportunities and enhanced healthcare, which are mostly concentrated in urban areas. So we have to make urban life comfortable and liveable and useful to people…,” Naidu said.

Urban areas have issues like pollution, congestions, encroachments and urban governance is in a mess. “We have to think in terms of rejuvenation of our urban areas and bring back the governance,” he added.

“The smart cities are the flavour of the season. To make smart cities you need smart leadership,” Naidu said while delivering the keynote address in a session at ‘National Leadership Conclave’ organised by All India Management Association.

The Cabinet had approved Smart Cities Mission and Atal Mission for Rejuvenation and Urban Transformation yesterday.

Smart cities intends to promote adoption of smart solutions for efficient use of assets, resources and infrastructure with the objective of enhancing the urban life and providing a clean and sustainable environment, Naidu said.

“While a number of countries have expressed interest in developing the cities, no plan would be made without people participation and consent,” he added.

In addition, substantial private investments would be mobilised by states and urban local bodies through PPP model as required to meet the project costs, he added.

Union cabinet had yesterday given nod to government’s flagship 100 smart cities project and the new urban renewal mission with a total outlay of about Rs 1 lakh crore.

Replying to a question on the passage of the Real Estate (Amendment) Bill, Naidu said: “We do not have majority…I am talking to people, but it is important that the real estate development bill should be passed as soon as possible. The government is trying for this…We will take it forward in the coming days.”

Source: IndiaTimes

Brigade Group Wins Prestigious NDTV Property, CREDAI CARE Awards

CMD Mr. M.R Jaishankar Wins 'Outstanding Contribution to the Real Estate Sector' Award 

Premier real estate developer Brigade Group has won several awards at the NDTV Property Awards and CREDAI Awards for Real Estate (CARE) recently. The developer won an award in the 'Budget Apartment Project of the year - Tier 1' category for Brigade Meadows at the NDTV Property Awards. Brigade Meadows consists of primarily 2 and 3 bedroom luxury apartments and a few 1 bedroom options.

At CARE, Brigade Group won 4 awards across various categories. The awards were split across three zones - North Karnataka, South Karnataka and Bangalore.

Commenting on these awards, Mr M.R. Jaishankar, Chairman and Managing Director, Brigade Group, said, "These awards are recognition of our efforts to deliver quality projects across real estate markets. We are very happy to receive these awards which also prove our customers' faith in our projects."

CREDAI Awards 

Brigade Group won awards at the second edition of CARE in the following categories:

• Best Dwelling below 1500 sqft (Residential) in South Karnataka - Brigade Sparkle, an affordable luxury project in Mysore.
• Best Commercial Complex in Bangalore - Brigade Rubix, which has a unique design and offers office spaces from 100 sq ft upwards.
• Best CSR work by a Developer - Brigade Group received this award for the redevelopment of the Kempegowda playground in Malleswaram and the Skywalk on Dr. Rajkumar Road.

The most prestigious award of the evening was the one bestowed on Mr M.R. Jaishankar, CMD, Brigade Group in the Special Awards Category - 'Outstanding contribution to the Real Estate Sector' award.

Accepting this award on his behalf, Ms Githa Shankar, wife of Mr. M.R Jaishankar and Director of Brigade Group, said, "It has been a journey of hard work from every one of our colleagues who have worked intensely to bring things to this pinnacle. It is indeed a proud moment to be recognised by our peers and the real estate fraternity. This is akin to an Oscar moment for the company."

Other awards and recognition 

Brigade Group's Chief Financial Officer, Mr Suresh Kris has been recognized as one of the Top 100 CFOs in the country for 2015 by the CFO India Magazine. Mr Kris was presented the Roll of Honour for his exceptional calibre and contribution to the world of finance by Mr. U.K. Sinha, the SEBI Chairman, at a ceremony, recently in Mumbai.

At the GLOBAL Real Estate Brand Awards - 2015, held recently in Bangalore, organised by Exhibition Asia, Mr Manjunath Prasad, COO - Projects, Brigade Group, was awarded the 'Most Enterprising Real estate Professional of the Year'.

About Brigade Group  

Brigade Group commenced operations in 1986, and over the last two decades has evolved into a brand that is synonymous with innovation, quality, trust and customer satisfaction.

Headquartered in Bangalore, Brigade Group has a network of offices across south India, an office in Dubai, and is represented in the USA by an accredited agent, Legion Real Estate. Brigade Group's portfolio includes residential, office, retail, hospitality and education.

With over 25 million sq.ft. of developed real estate, across over 150 projects, Brigade has emerged as one of India's leading property developers, and is constantly setting new benchmarks in the real estate industry.

Source: PRNewsWire

Gaursons MD Manoj Gaur elected CREDAI-NCR president

Realtors' apex body CREDAI today elected Manoj Gaur, Managing Director of Gaursons India, as President of the Delhi-NCR chapter. 

The new leadership team would have 19 members on the board of the executive committee including DLF Ltd's group executive director Rajeev Talwar. 

"We will focus on changing the perception of the real estate industry," Gaur said. 

Gaur said the association would work closely with the various government departments to shape the future of the regions property market. 

He welcomed the real estate regulatory bill saying the proposed law would bring transparency in the sector and restrict non-serious players. 

However, CREDAI said there are certain concerns of the industry that need to be addressed. 

That apart, Gaur said the association would also put more efforts on skill development, cleanliness and labour welfare. 

CREDAI national President Getamber Anand said that the association would set up a fund of Rs 25 crore for meeting the education cost of under-privileged students who are bright. 

Anand said the Credai would make its internal consumer grievance redressal system more robust and aggressive. 

The Confederation of Real Estate Developers' Association of India (CREDAI) has more than 11,500 members across the country.

Source: IndiaTimes

NDTV Property Awards 2014 honour excellence in Indian Real Estate

NDTV’s Manisha Natarajan, Senior Editor, Business and Real Estate along with Vasudha Sharma and Anjali Istwal, co-anchors of The Property Show, hosted the second edition of the NDTV Property Awards, presented by Parryware and powered by Johnson Tiles. The awards honoured and acknowledged excellence in Indian real estate and recognised real estate leaders whose persistent pursuit of excellence has fuelled India’s journey to the forefront of the world’s economy. The Awards ceremony was held at the Taj Lands End in Mumbai on 13^th March, 2015.

The ceremony was attended by the crème de la crème of the real estate world including Niranjan Hiranandani, Co-Founder & MD, Hiranandani Group; Boman Irani, Chairman & MD, Rustomjee; Rajeev Talwar, MD, DLF; Getambar Anand, Chairman & MD, ATS Infra/ATS Greens & J C Sharma, MD, Sobha Developers; Samujjwal Ghosh, EVP-Marketing, The Lodha Group; Anita Arjundas, CEO Mahindra Lifespace; Irfan Razack, MD, Prestige Group and Brotin Banerjee, MD & CEO, Tata Housing.

Speaking on the occasion, Vikram Chandra, Group CEO, NDTV said “We at NDTV are proud to announce the second edition of the NDTV Property Awards, a credible and distinguished platform to recognise and honour the most resilient and the strongest real estate leaders of this year. Over the last few years the real estate sector in India has come a long way and is one of the fastest growing markets in the world. It is the efforts of many establishments and individuals in the sector that have marked this growth and with these awards we aim to recognise their contribution to the country.”

R. Ramesh, VP, Sales, Parryware, added “We are the leaders in bathroom and NDTV is a leading news channel. The NDTV Property Awards is thus a natural fit for us to associate with. I have seen lot of real estate development in the recent past and I have seen the nominations as well. It was a race of the first amongst the equals. I am sure the jury members had a tough time deciding the winners. My heartiest congratulations to the winners.”

Jury members for the  awards included Mrs Renu Sud Karnad, MD, HDFC; Mr Anshuman Magazine, Chairman & MD, CBRE; Mr Amit Bhagat, CEO & Managing Director, ASK Property Investment Advisors Pvt. Ltd; Mr Ritesh Vohra, Partner, Real Estate Investments, IDFC Alternatives Limited; Mr Rohit Salhotra, MD and CEO ICICI-HFC; Mr Sachin Sandhir, MD, South Asia, RICS; Prof Dr NeelimaRisbud, Dean of Studies, SPA (School of Planning and Architecture), Delhi; and Ms Manisha Natarajan, Senior Editor, Business and Real Estate, NDTV.

All results were confidentially tabulated and audited by KPMG with PropEquity as the Knowledge Partner and EDS as Knowledge Partner for the Green Awards.

Associate Sponsors for the event were Colliers International (India), Rajnigandha Cables Pvt. Ltd, 99acres.com, Reliance Home Finance with Radio City 91.1FM as the Radio Partner, Laqshya Media Group as the Outdoor Partner and Property For Sale as Print  Partner.

Source: IndianTelevision

Mahindra Lifespace launches second phase of Happinest Boisar

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the $16.5 billion Mahindra Group, has launched the second phase of its affordable housing project ‘Happinest’ in Boisar, a suburb of Mumbai. The second phase of the Happinest project, with unit prices starting from Rs 11 lakh onwards is targeted at the rising Indian middle class. This project is aligned with the Mahindra Group’s philosophy of enabling people to ‘Rise’ and driving positive change.

Mahindra Lifespaces will also be hosting ‘Happiness Homefest’ at Kora Kendra Hall, Borivali from March 20 - 22, 2015. Happinest Homefest is a three day event where customers can book their dream home at a central location. 

Mahindra Lifespace Developers, the real estate and infrastructure development business of Mahindra Group, is a leader in sustainable urban development, through the creation of residential and integrated large format developments across nine Indian cities.

Source: LiveMint

APREDA Property Show from Feb. 28

The Andhra Pradesh Real Estate Developers’ Association (APREDA) is organising its 5th Property Show at ‘A’ Convention Centre here from February 28. It brings together builders and developers, banks, housing finance companies, realty consultants, construction material manufacturers and suppliers, interior designers, architects and industry professionals.

Union Minister for Urban Development M. Venkaiah Naidu will inaugurate the event. Chief Minister N. Chandrababu Naidu will also attend. The goodwill that the APREDA enjoyed in the undivided State was transferred to it post-bifurcation and after realtors from Telangana formed the Telangana Real Estate Developers’ Association. APREDA looks forward to tremendous opportunities during the construction of the new capital city,” APREDA State vice-president Ch. Ramesh Babu . 

APREDA member P. Harinath Babu said the previous four exhibitions of APREDA had evoked overwhelming response, and it was poised to get similar patronage from the public in the new State.

“The Chief Minister’s ambitious plan to construct a capital city of global standards augurs well for the construction industry, thanks to the demand that it will create for a host of stakeholders. Vijayawada enjoys an advantage in real estate development owing to its location,” he added. APREDA Vijayawada Chapter Secretary S.V. Ramana spoke.

Source: TheHindu

Indiabulls Asset Management enters AIF space, real estate fund targets Rs 1000 crore

India Bulls Real Estate

Indiabulls Asset Management Company Limited (IBAMC) today said it planned to enter the alternative investment space through its maiden offering ‘Indiabulls Real Estate Fund’. 

This fund has been rated ‘AAA (AIF)’ by Care Ratingsand is targeting investments in residential projects in the top five cities, a press release from the company said.

"The fund intends to invest in geographies with proven market depth, high inherent demand, pricing stability and projects with low execution risk. The proposed target fund size is Rs 500 crore with an additionaloption of raising Rs 500 crore and focusing an averagedeal tenure of three years," it said.

The release said the investment focus would be to capture growth opportunities across lifecycle of investee companies through primary, secondary and co-investment opportunities. The investments shall be structured in the form of fully secured non-convertible debentures with a well-defined exit strategy and periodic returns on a quarterly basis along with a back-ended upside. 

The sponsor of the fund, Indiabulls Housing Finance Ltd, an AAA-rated company, has expertise inmortgage financing business with strong lineage in managing developer project lifecycles.

Mr. Akshay Gupta, IBAMC Group Executive head and CEO, said, "Indiabulls AMC will emerge as one of the key players in the real estate fund space in the coming years. We plan to scale up our AIF / Co-investment presence and have plans to raise over Rs 10,000 crore under real-estate fund category in next five years from offshore and onshore markets.”  

IBAMC has recently appointed Mr. Ambar Maheshwari as Chief Executive Officer (CEO) of its alternate investment funds business. Earlier, Mr. Maheshwari was Managing Director of Corporate Finance at realty consultant Jones Lang LaSalle.

 “The recent announcement of interest rate cut is expected to boost housing demand and will help in reviving the real estate market sentiments. The various initiatives taken by the government such as relaxation of Foreign direct investment (FDI) norms in the construction sector, Ordinance on the Land Acquisition Act and the legislation awaiting Parliamentary approval on the Real Estate (Development and Regulation), Bill has the potential to spur new project developments in the real estate space," Mr Maheshwari said.

AIFs are generally funds established or incorporated in India for pooling in capital from Indian and foreign investors for investing in accordance with a well-defined policy. The Securities and Exchange Board of India (SEBI) had notified the AIF regulations in May 2012, and since then had granted registrations to over 100 such funds. SEBI issued AIF Regulations to bring more transparency in private equity business and regulations cover Venture Funds, Private Equity and Hedge Funds under various categories.

Source : NNN

Pune Real Estate Awards 2015: Acknowledging The City's Real Estate Professionals

Pune: Siliconindia have created a platform as an initiative to felicitate and recognize these real estate industry professionals who have contributed to the evolving the landscape of the sector in the city by hosting the Pune real estate awards 2015.The event is a continuation of the success of seventh edition of the award.

The award ceremony was inaugurated with a welcome note by Mr. Alok Chaturvedi (COO & Publisher Siliconindia).

Mr. Jeetendra L. Hiranandani, Publisher & Sales Head of Jagran City Plus & Mid-Day Infomedia Pune and rest of Maharashtra region, spoke about Pune's current Real Estate scenario while giving the inaugural keynote and felicitated the winners.

Total Nominations received is 70 from Pune. After an aggressive short listing, A distinguished panel compromising of three jury members Dr. Milind Vasant Telang(Principal, Sinhgad College of Architecture, Pune, Dr. Sanjaykumar Ghanashyam Sonar(Assistant Professor, College of Engineering, Pune), Mr.Alok Chaturvedi COO & Publisher, siliconindia & Mr.Virupakshi Pattar, VP-Sales & Marketing, siliconIndia decided on the awardees.

The awards are based in terms of innovation,quality,reliability technology and continuous improvements.On this note some categories were instituated so as to encourage infrastructure development, foreign investments in the local bodies and real estate growth and companies

Source:SiliconIndia

Maitreya Realtors to beautify Nashik city

Maitreya Realtors & Constructions Pvt. Ltd. (MRCPL), the construction arm of the Maitreya Group of Companies, took a charge of the beautifying traffic islands of Pathardi in Nashik allotted by Nashik Municipal Corporation. The occasion was graced by Mayor of Nashik Corporation?; Ashok Murtadak. 

Present at the occasion were Local Corporator Sudam Kombde, Pankaj Srivastava, chief operating officer of Maitreya Realtors & Construction Pvt Ltd, Umesh Bhavsar, regional project head, Maitreya Realtors & Construction Pvt Ltd along with members of Nashik division of Maitreya Realtors and locals from Pathardi.

The occasion began on an auspicious note by Ashok Murtadak, Mayor of Nashik Corporation with coconut ceremony. With a commitment to sustainable and all inclusive development of the society, four traffic islands of Pathardi area will be developed and maintained by Maitreya Realtors & Constructions Pvt. Ltd.

Ashok Murtadak, Mayor of Nashik Corporation said, “I am really honored to be a part of this social activity.

As Maitreya Realtors has taken up social initiatives to contribute to a healthier green environment by green pledge, we are glad to associate with Maitreya Realtors & Constructions Pvt. Ltd. for developing and maintaining traffic islands of Pathardi in Nashik”.

Pankaj Srivastava, chief operating officer, Maitreya Realtors & Constructions Pvt. Ltd. said, “With rapid depletion of natural resources and the condition of the environment deteriorating,

Maitreya Realtors is happy in shouldering the social responsibilities by lending a hand in beautifying the city's infrastructure. We aim to participate in such event that focuses on creating environment awareness and sustainable development to support green living.”

Headquartered in Mumbai and with projects in seven states, the company is known for its quality of products and services, appreciated for its philosophy of collective and inclusive growth; respected for its ethical practices; and admired for its ability to create wealth and add values and deliver the projects on time and within the costs.

Source:MagicBricks

Emaar MGF: A trendsetter and Paramount Developer of 21st Century

The Real Estate market reaches out to people of all classes and tries to strike right balance between the needs and desires of the modern generation. The builders face constant competition to gain foothold in the industry and make their mark in the society by building the most innovative structures of superior quality matching the global international standards.

Emaar MGF is India’s leading real estate company. Over the years, it has made its mark in the industry by building various residential and commercial projects having premium quality and international designs. The company has a customer-centric approach and is committed to provide world-class architecture to its clients. There are innumerable achievements of the company with The Palm Spring, Esplanade and Commonwealth Games Village being the major ones in the residential segment.

Emaar MGF has recently started possession for its first commercial project in Gurgaon namely, The Palm Square, in January 2015. The Palm Square is strategically located at the gateway of the much talked residential cluster, The Palm Drive. This commercial office-cum-retail facility is well-placed on the Golf Course Extension Road right next to the upcoming premium residential district of the city. The office spaces are built around a side-core concept to ensure the maximum utilization of space. The central atrium two-level retail arcade & open plaza provide a perfect mix for those seeking a business-cum-pleasure work space.

Due to the rising population and consistent growth in the market the pressure on developers has amplified to build the best structures with highest quality specifications and craftsmanship. Emaar MGF has emerged as a world-class developer and the pioneer in the industry by incorporating these parameters in all their projects and achieving high level of customer satisfaction over the years.

The Palm Square: Possession Granted

Emaar MGF has announced the achievement of a significant milestone with the beginning of handover of their first commercial project in Gurgaon - The Palm Square. The time has come when their esteemed pool of customers can swiftly occupy their dream office spaces and retail units that are backed by top grade infrastructure. Emaar MGF received the Occupancy Certificate in December 2014 and it will soon hand over the possession to its customers in the beginning of January 2015.

The project is worth the wait, spread in area of 3.5 acres, Palm Square is an intelligently designed integrated corporate office cum retail complex. It is strategically located as a gateway to The Palm Drive. The Palm Drive is another venture by Emaar MGF; it is a residential development consisting of premium villas, high-rise towers and a serviced apartment complex. Being located on the Golf Course Extension road, The Palm Drive and The Palm Square are
situated in the upcoming residential district of the Millennium City.

The Palm Square offers a world-class office environment with a prominent 14-storey building with two levels of retail along with a central atrium. This project is setting new benchmarks in design, quality and operational management. It has ample and well-organized alleviated parking space with round the clock CCTV monitoring. The office spaces are built around a side-core concept to ensure maximum utilization of space. It has sizable and elegant lobbies and retail areas with international quality of air-conditioning with 100% computer controlled, power back-up system. The architectural marvel has been designed keeping in mind an eco-friendly blueprint. Palm Square has façade shading devices for energy conservation and solar light panels for exterior lighting. To provide consumers some elite options, Emaar MGF is coming up with an impressive tenant profile at The Palm Square including some of the leading Fortune 500 companies within the first two quarters of 2015.

Emaar MGF Palm Gardens

Palm Gardens, a group housing project by Emaar MGF, spans over 22 acres of land and is a thoughtfully designed residential project. This offers a dream home at a dream destination in the millennium city. The project has lush green landscape and is aptly located in Sector 83 within New Gurgaon; which happens to be Gurgaon's upcoming suburban area. Close to the Industrial Model Township (IMT) and around Pataudi Road, this new corridor is also accessible to and from National Highway No.8 (NH-8) and Dwarka Expressway. Proposed metro station and ISBT will also be located at few minutes' distance which boosts connectivity. A short drive by car leads the residents to Indira Gandhi International (IGI) airport.

Investors can choose from a range of 3BHK and 5BHK residences including comfortable apartments, duplexes and luxury penthouses. The area of these units varies from 1720 square feet to 3745 square feet respectively. Some apartments also have separate servant rooms having independent entry to make sure your privacy doesn't get hampered. Interiors of this project have been creatively designed. Well-furnished balconies overlooking landscapes and water bodies are a perfect place to sit and relish panorama of Mother Nature. Modular kitchen with designer wooden work is one of the important parts of the house. Emaar MGF has assured a high quality lifestyle at Palm Gardens with wooden flooring in bedrooms and designer tiled flooring in remaining areas.

Emaar MGF Palm Gardens has proposed ample amenities, for instance, reserved parking, swimming pool, games room, kid's play area, grocery store, gym, tennis, basketball and badminton courts, community party area and park. Round-the-clock security is ensured here. RCC framed structure ensure safety from natural calamities. The Palm Gardens is a perfect example of an ideal housing solution.

Emaar MGF Palm Hills – Elegance Redefined

India, being the second highest populated country in the world there is an ever increasing pursuit of space and living in the cities and towns as people are moving out for better opportunities and growth. The pace at which the demand is growing is gigantic and the human race is looking for high quality, sophisticated and standard living. Everyone desires to live in style! This flares up competition amongst the prominent market players.  The kind of change in modern lifestyle is making it really tough for firms to survive in the real estate market. The innovative thinkers are the ones who reign.

Emaar MGF a preeminent real estate developer in India has shown its credibility in the real estate sector by their excellence in the quality of construction, which meets the expectation of people. Their new project, Palm Hills, is one such example. It is a luxurious residential development, coming up in the rapidly expanding residential vicinity of Sector 77, Gurgaon. It offers a new look of the modern lifestyle which many search for while looking for a living space these days in the city and around.

It is in close proximity to hospitals, schools, market places and other important places in the city for the convenience of the residents. The complex is in close proximity with the Classic Golf Resort and Golf-course for the people who love to live with taste and spend their time in leisure. For food-a-holics and urgent times, McDonalds and Haldirams are also good options for dining out. A metro station in close proximity with the property has also been proposed and will be getting clearance very soon.

The project offers 3BHK and 4BHK apartments with flexible floor plans. A set of world class interiors with all modern amenities can be expected at affordable prices. An exhilarating view of the Aravalli hills is the USP of this project and is bound to attract everyone looking for a home close to nature yet in the modern day fast paced life. After a day of hectic work one can expect themselves relaxing in the serenity and can relish peace of mind the place has to offer.

Emaar MGF has always had a vision of providing out-of-the-ordinary facilities with green and peaceful environment at one place, which they have tried to bring in the “Palm Hills”. It is the place where you can be in the lap of nature whilst relishing luxury pleasures.

Sanali Casa Parasio, an unparallel experience

In today’s competitive and ever-changing world, it is very important to buy from a company that is versatile and can single-source your every development and construction need. Sanali Group is one of the leading promoters and builders of Hyderabad. Sanali Group is into the construction of all kinds of buildings, be it housing colonies or IT Parks, from shopping malls to residential apartments. Sanali Group is managed by a team of professionals and management experts striving to achieve excellence in the conception phenomenon of Real Estate.
One of the projects of Sanali Group in Bangalore is Sanali Casa Parasio which is emerging as the luxury apartment development of choice for busy professionals and luxury lovers. Their wide-ranging collection of beautifully designed residences combined with top-notch amenities has created a masterpiece of modern living in the bustling city of Bangalore in the form of Sanali Casa Parasio Apartments. The most enticing thing about this emerging high-tech city has created prime opportunities for people looking to relocate and upgrading their current living conditions.
Sanali Casa Parasio is a place where you can live, dine, shop, work, and play in close proximity to all that the local area offers. The convenience of being located in Whitefield is a definite plus for people who want to enjoy the progressive urban lifestyle while still being able to retreat to a comfortable private residence in their down time.
Sanali Casa Parasio gives the privilege of living in a well-monitored residence or housing community. Carefully designed entrances and exits offer the ultimate in personal privacy. Elite parking facilities are stunningly beneficial for people living at Sanali Casa Parasio. The best thing is the safety by way of well-designed and well-lit covered parking facilities. Although even many luxury apartment developers overlook this vital feature, Sanali Casa Parasio has taken every detail into consideration by offering generous parking facilities for the accommodation all of basic parking needs.
Sanali Casa Parasio apartments are luxury re-defined at prices unbelievable. Not only are they well located, well built, but a customer’s prime choice as they are built by a trusted name and people believe that Sanali group works for customer satisfaction and benefit. The name has not come easy; the developers have worked hard to reach a level and the particular brand.

Interview with Anindya Garai, Vice President, Emaar MGF Land Limited

Emaar MGF Land Limited, a joint venture between Emaar Properties PJSC of Dubai and MGF Developments Limited of India, entered the Indian real estate space in February 2005. In the past one decade, it has charted significant business growth and currently has a pan-India presence with operations spanning all key realty segments, namely the residential, commercial, retail and hospitality sectors. Growing business expansion, however, has resulted into complexity of operations and issues of coordination between various departments.
To counter these issues, the company has turned to information and technology (IT) solutions by investing significantly in IT/telecom networks and technologies to integrate departments such as sales, human resources, information technology, and finance and improve business efficiency. Further, the company has also leveraged technology to enhance customer experience. Recently, Emaar MGF Land partnered with PayUMoney to offer e-Services on its customer service portal.

Anindya Garai, Vice President, Emaar MGF Land Limited talks about the company’s present telecom and IT infrastructure and its future plans to adopt new technologies…

What are your company’s telecom and IT requirements? What are its current technology and bandwidth requirements? The company requires secured network connectivity for all locations which are convenient to the users with high performance access of enterprise applications and concept of flexibility of work from anywhere. We are currently using network firewall with IPS/IDS, anti-virus/spam control, mail services, workflow applications and enterprise resource planning (ERP) along with some mobile applications which is still in pipeline. The total bandwidth across all locations of the company would be approximately 65 mbps.

What are the various LAN and WAN technologies deployed by the company at its central/branch offices and retail outlets? What has been the service experience so far?The company has deployed centralised wireless/MPLS VPN connectivity, internet, telecom and video conferencing, load balancers, etc. So far, our service experience has been good without any major outages. We have achieved an annual SLA of 99 per cent but the network availability and its stability at some of our remote and upcoming sites is still a challenge.

What are the key concerns faced by the company with respect to telecom/IT infrastructure? How are you planning to address the same?
Most of our current developments are at the peripherals of the city where network connectivity to remote sites and offices is a major challenge. We are talking to various service providers to provide VPN services through 3G network, wherein users can directly login to our corporate network. Although, it has been promised by many service providers, they have failed at the time of delivery.

Which applications have been deployed by the company? How have they helped in improving management and operational efficiencies?
We have implemented Oracle Applications R12 and IBM, Lotus Applications and almost 90 per cent of our business processes (finance, procurement, sales and post sales) is automated. None of the OEMs (SAP, Oracle, Microsoft, etc.) have a complete solution to support real estate business vertical, so we have a small team of in-house developers to help, run and support the business process.

Which new products, solutions and technologies hold most relevance for your organisation? What are you future plans regarding adopting the same?
Customer Relationship Management (CRM) and Business Intelligence (BI) are some of the new technologies which can now actually help us to bring out the true value for our business. We are currently evaluating CRM solutions and making a value proposition for the organisation as a single OEM product to take over the custom CRM product that we have built. We are planning to start our cloud journey and would like to do a small pilot on hybrid or private cloud in the forthcoming year. In addition to this, we also have plans to move into the mobility space wherein we are planning to equip our sales and customer services so that all employees’ can access these business applications while they are on move.

Emaar MGF commemorates ‘World Quality Day’

Emaar MGF Land Ltd, the leading real estate developer in India, today celebrated ‘World Quality Day’ at its project sites and Gurgaon Business Park office.
The theme for this year's World Quality Day is ‘Building a Quality World Together’ which focuses on the impact made by the quality professionals for creating superior organizations as well as a better world.
On this occasion, the Company organized quality awareness presentations at project sites, along with an organization-wide quiz competition. Employees were also encouraged to suggest ways for improving construction quality on site with minimal or no cost impact. Prizes were given to quiz winners and best suggestions, while most quality-conscious site staff were also identified and awarded.
Commenting on the importance of this celebration, Mr. Baljot Gill, Vice President–Projects, Emaar MGF Land Limited, said “We at Emaar MGF have always taken pride in being a leader in providing top construction quality standards, and are widely acknowledged as a company synonymous with projects having an edge. This celebration is part of our relentless pursuit of excellence and in line with our philosophy to serve our customers with the finest quality of products. The comprehension and participation of our workforce is necessary to ensure that the Company achieves greater quality. In this competitive world, quality plays an important factor and also acts as a strategic differentiator for Emaar MGF.”
The concept of celebrating ‘World Quality Day’ was introduced by the United Nations in 1990, to increase worldwide awareness about the contribution made by Quality for the growth and prosperity of a nation and an organization. The international event is celebrated every year on the second Thursday of November.

About Emaar MGF Land Limited
Emaar MGF is a joint venture between MGF Developments Ltd and Emaar Properties PJSC, Dubai. The Company has been instrumental in bringing one of the largest FDI in the Indian real estate sector. Headquartered in New Delhi, the Company started operations in India in mid-2005 and is engaged in Residential, Commercial, Retail and Hospitality projects across India. The Company is driven by its mission to develop and deliver unique integrated lifestyle and work place environments and planned developments and to be recognized as a responsible corporate citizen and an employer of choice. Emaar MGF is constructing master planned developments including residential, retail and hospitality properties to provide fully integrated self contained communities. For more details please visit http://www.emaarmgf.com/

For further details contact:
Varun Aggarwal / Vishal Chaudhary
Corporate Communications
Emaar MGF Land Limited
Mobile: +91-9810215686/+91-9873037189
Email: media@emaarmgf.com
Santosh Kumar / Rachita Mayor
Adfactors PR Pvt. Ltd.
Mobile:+91-9711306103/+91-9582914136
Email: santosh.kumar@adfactorspr.com / rachita.mayor@adfactorspr.com

Niranjan Hiranandani, Building Blocks Of Success

Hiranandani is a name synonymous with beautiful homes. Homes that combine style with comfort. An architect of his own dreams, Niranjan Hiranandani, head of Hiranandani Constructions, chats with Reema Sisodia about his passion for building communities.

The man is on the move, quite literally too. As I make my way to meet Niranjan Hiranandani, managing director of Hiranandani Constructions Private Limited, I am told that he is on his customary morning round when he meets his staff - right from the shop floor level to the higher executives.

His secretary requests me to wait in his chamber for a few minutes and sure enough he is with me in a few moments. He arrived actively in conversation with one of his project heads as he headed towards his well-designed office, not forgetting however to acknowledge my presence and apologise for the delay.

I overheard the dialogue; he was speaking firmly but clearly about the importance of being a performer and a go-getter, the responsibility that comes with authority and the necessity of being humble while being assertive. This was not, of course, orchestrated because there was no need to and the proceeding interview proved this.

Read More: http://www.businesstravellerindia.com/200602/hiprofile01.shtml

Pacifica Companies, bringing new trends in real estate

Pacifica Companies was founded in 1978, by the current Chairman Mr. Ash Israni and has since then grown at a commendable rate. The company owns over 80 executives in their San Diego California headquarters alone and employs nearly 3,000 employees in the US and Asia together.

Pacifica Companies aims to achieve perfection and provides top-notch infrastructure in every project assigned to them. It is a privately held, vertically integrated real estate developer, owner, investor and investment manager. The company has progressed over three decades due to its dedicated and devoted commitment to opportunistic investing, maintaining high levels of liquidity, and the ability of providing the right real estate infrastructural provisions at the right price. It is currently developing real estate projects with a global perspective at Ahmedabad, Pune, New Delhi, Chennai, Bangalore and Hyderabad worth $1 billion. Pacifica is a global team of creators with a focus on customizing global know-how to realty, creating new benchmark of excellence and delivering beyond expectations. This makes Pacifica a truly world-class company.

The company is also expanding its business in India by introducing new and innovative projects such as Pacifica Tech Park, Green Acres and La Habitat, etc. Different types of Residential, Commercial and IT Park projects are being started all across the country, specifically in cities like, Chennai, Ahmadabad, Vadodra, Pune, Bangalore, Hyderabad, etc.

Pacifica brings a wave of change, innovation and development along; which acts as a solution to housing problems. This is an era of change and Pacifica companies intend to share the concept of a borderless global marketplace enabled by its convergence with other media and generate new employment opportunities across India. The company currently has over 80 executives in their San Diego California headquarters and employs nearly 3,000 employees in the US and Asia. The principals have taken a less common approach to real estate investing with the tact that all real estate classes should be understood and evaluated for investment. This approach is based upon an opportunistic investing strategy and desire for continuous growth. This approach has shaped what is now a very diversified portfolio in terms of asset classes and geographic locations. Pacifica’s asset class experience includes the Debt, Residential, Senior Housing, Hospitality, Multifamily, Mixed Use / Infill Development, Office, and Retail.

Pacifica companies have also introduced their own magazine known as “Pacifica Buzz”. It is an inspiring, fun to read and an informational magazine. Monthly edition of their magazine keeps you updated with the ongoing projects and developments, new projects, customer reviews and inspiring stories. They even inform you about the various events and interviews conducted by them and to tickle your funny bone they bring us the humor section.

All in all, Pacifica Companies do not work the traditional way, but keep up to its promise of customer satisfaction, which is a breath of fresh air in real estate world.