Property & Wealth Dec Jan 2013 14

`17.55 Lacs*

News & Events 19

Hotspots 25

REIT- sides & the flip 30

Retail In Asia - Different

Strokes For Different Folks 34

Delayed Projects Plague NCR’s Residential Market 36

Top realty destinations to

invest in near metro cities 38

Home Loans Check List 41

Most Expensive Streets across

the World (2013) 42

Indian office space –a

subdued sentiment 44

Real Estate Investment Advice: Bungalows Versus Flats 46

Care Rates Iscon Platinum

by JP Iscon Limited 49

19propertywise

BADAL ENVISIONS PUNJAB AS THE COUNTRY’S MOST PREFERRED INVESTMENT DESTINATION

10COVER STORY

04

contents

Punjab - a new realityTOP BUSINESS HONCHOS FIRM UP INVESTMENT WORTH RS 55000 CRORE IN THE STATE

PROPERTY & WEALTH VOL 3, ISSUE 03, Dec-Jan 2013-14

Be a Prosperity Seeker 52

Premium Pools In Hot

Demand For Luxury Homes 56

Home of the Rich & Famous 58

Amazing Buildings 60 Amazing Gadgets 62

Dynamics of Luxury

Living in India 64

Eyecatchers 66

Amazing Getaways 68

Amazing Sites 70

Planetsavers 73

Bookshelf 75

Combination of Vastu,

Fengshui and Interior

can turn your house in a

true home 76

Healthy Living 78

Softcorner 80

52prosperityseek

05

contents


3rd Year of Publication ...... Download or browse any of the archive issues at www.propertyandwealth.in

www.facebook.com/propertyandwealth

Jasmeet Dhamija Editor-in-Chief

from the about this issue

08

“Think Big, Achieve Big”, and “Money follows ideas” slogan by Deputy CM,

Punjab evoked instant response by leading industrialists at the Progressive

Punjab Investment Summit held at Indian School of Business, Mohali on 9

– 10th Dec 2013. Deputy CM Sukhbir Singh Badal made an elaborate and

fact based presentation on what he called “a new reality about Punjab,” the

business honchos responded by pledging up investment worth Rs. 55000

crore in the state. Probably to ensure that industry leaders do not back

out from the promises made on dais, Chief Minister Prakash Singh Badal

wittingly quoted that, ‘in PUNJAB we call, promise breaker – a shoe maker’.

If investments actually come through, it will certainly be ‘a new reality about

Punjab’, but for that to happen, promises will have to be kept on both sides.

Read all about the summit as also Deputy CM Sukhbir Singh Badal’s call for

Investment In Infrastructure, Realty, Housing And Power Sector.

In the news section, the big news is that Coldwell Banker Real Estate LLC

has announced the signing of a master franchise agreement with Coldwell

Realty Private Ltd. to affiliate and service Coldwell Banker® and Coldwell

Banker Commercial® franchises in India. The firm will operate as Coldwell

Banker India.

Read on page 30 all about Real Estate Investments Trusts (REITs) and its

scope & advantages in the Indian environment and how it can help a sagging

commercial real estate.

In prosperity seeker this month, say goodbye to Sachin Tendulkar as he ends

his cricket innings, meet the Indian techie who got richer by Rs. 1240 crores

following a takeover by APPLE computers, welcome The Bonneville in INDIA,

the legendary motorcycle from the British motorcycle maker -Triumph and

appreciate the work done by Shabana Azmi, film actress turned social activist.

Our eye catcher this month is Google Boy - Kautilya Pandit, a child prodigy

from Haryana. In book review, learn about ‘Working the Law of Tenfold

Return’, Seed Money In Action, a book by Jon P. Speller, D.D.

Turn your house into home with a combination of Vastu, Fengshui and

Interior, read all about it in our regular feature by Vaastu Shree, Vaastu

Visharad Shri Naresh Singal.

Health comes first. Do not miss out on healthy living columns this month

and it’s all about Walnuts as a healthy snack. A Walnut a day, keeps heart

surgeons away. We now meet on 1st Feb 2014, so wishing you a healthy &

prosperous 2014.


….sustained hopes - 2014!!

It’s a magic movement when something small gathers steam and

gains critical mass - could be new fashion trend, a social behavior or

even an epidemic. A lot of it has to do with the kind of people involved,

the stickiness of the concept and a social context.

As debutant AAP (Aaam Aadmi Party) cements its place as a major

player in the Capital of one of the largest democracies, the world

watches over this turn around in common man’s exhausted patience,

intuitive sensibility, the ‘try new’ attitude & more so the always

sustained hopes.

It has become evident that the mantle of leadership is no longer

reserve only for a chosen few. Be it Politics or Economics!

The sheer complexity of modern business, its volatile & global nature,

a desperate necessity for innovation, and unprecedented rapidity of

change has all created a clamor for more and better leadership. Has

a new era begun, is India or more so Bharat story back with a bang!

Is this the real catalyst for change.. will the souring growth numbers

upscale! Will the politico change bring out the desired economic

dynamics?

As we ponder upon these long-term issues… the basic derivation

remains “Change” seemingly has been the order of the year.Be it

bidding farewell to the master blaster for a new rising in Brand Sachin

or may be the passing of Nelson Mandela, which leaves awaning

number of global figures representing freedom and resilience.

…we still have sustained hopes for the New Year 2014!!

Charu RSEditor

editorial

Publisher & Editor-in-ChiefJasmeet [email protected]

Editor Charu [email protected]

Feature Writers Satpal Kataria, K.Singh, Rupinder PD, Sheetal Singh

Art Director & VisualiserRajesh Bhardwaj

Graphics TeamAntima, Sunil, Mohinder

Advertisement & SalesDirector Marketing: Sandeep Kapoor (M) 9818510511 [email protected]

SubscriptionAjay Gupta

Photography Rohit Bhatia

Pre Press Team: GopalProduction Team: Vikas, Vijay

Advisory BoardHarpreet Pooja & Associates Architects Rajiv Gupta & Associates Chartered Accountant Vikas Chatrath, Advocate

Printed & Published by Jasmeet Singh at Plot No. 437-A, Industrial Area Phase-2, Chandigarh.Owned by Jasmeet Singh, 220, Sector 19-A, Chandigarh & Printed at Savitar Press, Plot No. 820, Ind. Area Ph-2, Chandigarh.

Print Production

[email protected]

CONTRIBUTORS AND ASSOCIATES

09PROPERTY & WEALTH VOL 3, ISSUE 03, Dec-Jan 2013-14

Punjab - a new reality BADAL ENVISIONS PUNJAB AS THE COUNTRY’S MOST PREFERRED INVESTMENT DESTINATION

TOP BUSINESS HONCHOS FIRM UP INVESTMENT WORTH RS 55000 CRORE IN THE STATE

cover story

10

Punjab Chief Minister Mr. Parkash Singh Badal addressing the leading Industrialists of the country during Progressive Punjab Investors Summit-2013 at SAS Nagar (Mohali)


Business and industry

in the country gave a

forceful endorsement to

the new investment policy

orientation of Punjab

at the two day Progressive Punjab

Investment Summit began at the ISB

campus on 9th Dec. 2013.

With some of the top names with global

profiles, like Mr. Mukesh Ambani

(Reliance), Mr. LN Mittal (Arcelor-Mittal),

Mr. Sunil Bharti Mittal (Bharti Airtel),

Mr. Sunil Munjal (Hero Honda), Mr.

YC Deveshwar (ITC), Mr. Onkar Singh

Kanwar (Apollo), Mr. Malwinder Mohan

Singh (Fortis) among others, flanking

Chief Minister Parkash Singh Badal and

Deputy Chief Minister Sukhbir Singh

Badal on the stage, this was quite easily

the biggest day for investment promotion

for Punjab and for show-casing the state

as the most preferred investment

destination in the country.

As Deputy CM Sukhbir Singh Badal

finished his elaborate and fact based

presentation on what he called “a new

reality about Punjab,” the industry

responded by giving him and the Punjab

government a full-throated testimonial,

with LN Mittal going the extent

of declaring that Punjab was the quickest

in responding to business requests. The

Deputy Chief Minister positioned himself

as the CEO of the state when it came to

business and industrial investment, and

speaker after speaker got up to give him

the thumbs up.

It was clearly from the whole hearted

response of the tycoons of business

and industry that the Deputy CM had

done his home work well and had succeeded and projecting

his government as the most business friendly government

in the country. Not just the commitments of Rs 55000

crores of investments but even the words in the speeches

that accompanied these decisions proved that Mr. Sukhbir

Singh Badal had been received an overwhelming mandate in

his favour from the captains of business, trade and industry.

His “Think Big, Achieve Big”, and “Money follows ideas”

slogans evoked instant response.

The comfort level of the business and industry tycoons with

the organisers carried a message of its own as it revealed that

they had chosen to place their trust in the present dispensation

in Punjab.

11

Deputy Chief Minister Punjab Mr. Sukhbir Singh Badal addressing the Captains of the Indian Industry during Progressive Punjab Investors Summit-2013 at SAS Nagar (Mohali)


Sensing the mood of the summit, the Chief Mr. Parkash Singh

Badal deviated from his prepared speech and delivered what

could only be a called a “statesman’s futuristic message for

carrying the fruits of development, growth and prosperity to the

poorest of the poor.” Having seen that the leaders of business

and industry no longer needed any persuading to invest in

Punjab, the Chief Minister dwelled elaborately on the goals of

development, mixing it with traditional Punjabi warmth and

humour, even having delicious and light-hearted jibes at his

“good son for leaving nothing for me to speak.”

While the Deputy CM focused on “walking the talk” and

elaborated the path-breaking steps already taken by his

government to cut red tape through a regime of governance

reforms, the Chief Minister envisioned Punjab as the most

preferred investment destination in the country.

The Chief Minister envisioned Punjab as the most preferred

investment destination with firming up of total investment to

the tune of Rs 55000 crore on the first day of Progressive

Punjab Investors summit, where eminent industrialists and

entrepreneurs from the country and across the globe evinced

keen interest to set up their ventures in varied fields.

Addressing the galaxy of captains of industry and noted

entrepreneurs on the inauguration of two days summit here at

Indian School of Business (ISB), the Chief Minister said that

the vision and dynamism of Deputy Chief Minister Mr. Sukhbir

Singh Badal to put Punjab as the frontrunner state on the

Industrial map of the country, has finally bore fruits with his

unique effort to organize this mega event for the first time ever

organized during his political career spanning over more six

decades. He said that the recent path breaking initiatives by

giving lucrative incentives in terms of VAT retention, exemption

of stamp duty besides establishing Punjab Industrial Promotion

Bureau headed by him with Deputy Chief Minister as its co-

chairman and Mr. Anirudh Tiwari appointed as its Chief Executive

Officer to give clearances in fast mode to the entrepreneurs

would be instrumental in reposing their confidence and trust

in the investor friendly policies of the state government. Mr.

Badal pointed that earlier single window service was merely

a sham devoid of any meaningful purpose, which not only

demoralized the potential investors but also hampered the

industrial development of the state. The Chief Minister said

that the complete communal harmony, peace and amity was

mainly responsible for overall development and prosperity in

the state and urged the industrialists to make optimum use of

this congenial atmosphere backed by excellent infra structure,

surplus power, skilled human resources and best industrial

and work culture, for which the Reserve Bank of India has even

cover story

12

Punjab Chief Minister Mr. Parkash Singh Badal & Deputy Chief Minister Mr. Sukhbir Singh Badal and sitting on the dias the leading industrialists of the country during Progressive Punjab Investors Summit 2013 at SAS Nagar (Mohali)


rated Punjab amongst the three best investment destinations

across the country.

The Chief Minister said that Punjab’s economy was

predominantly an agrarian economy which has already

reached a plateau and now we were left with only option to

go for industrialization in a big way and today’s summit was a

step towards this direction. He announced to convene a much

bigger summit on agriculture in February next year thereby

inviting the key players in agro processing and stakeholders

related to agriculture not only from the country but abroad

also to further consolidate the agrarian base of our economy

with a focus on marketing besides food processing as a value

addition to the agriculture produce to benefit the farmers

enormously. Mr. Badal impressed upon the leading players of

the industry to attend that Agriculture summit also with same

enthusiasm so that pro-farmer policies could be chalked out

to help our beleaguered peasantry especially the small and

marginal farmers.

Buoyed over the whopping investments coming forth in today’s

summit, the Chief Minister in a lighter vein asked the Deputy

Chief Minister to closely follow up the MoUs signed between

the state government and the various industrial houses so that

these investments should not merely remain on paper but

should actually come on the ground. He urged the Industrialists

to be humane in their approach and contribute a significant

portion of their wealth for the philanthropic causes under

the Corporate Social Responsibility. Mr. Badal appreciated

Reliance and Bharti groups for doing exceptionally well for the

welfare of poor and disadvantaged sections of society. He said

the spirit of charity and doing good to poor was an inherent

character of the Punjabis as they have derived this inspiration

from the great Sikh Gurus, who called upon them to contribute

atleast 10% of their wealth (Dasvandh) adding that in the spirit

he asked the industrialists to donate generously for the well

being of needy because magnanimity for such humanitarian

acts never goes unrewarded rather their wealth would be

multiplied manifold.

The Chief Minister said that he had prioritized the Health

and Education sector by launching unique schemes so that

these core sectors should not be ignored at any cost. He said

that the state government has started Dr Hargobind Khurana

Post Matric scholarship scheme to give scholarship to the poor

but bright students securing more than 80% marks in Matric

class. Likewise Mr. Badal said that six special schools were

being set up by the state government to provide free education

to meritorious students of the rural areas adding that these

schools would provide free boarding and lodging facilities to

13

Punjab Chief Minister Mr. Parkash Singh Badal shacking hand with Mr. Mukesh Ambani Chairman Reliance Industries during Progressive Punjab Inves-tors Summit 2013 at SAS Nagar (Mohali) on Monday. Dy. CM Mr. Sukhbir Singh Badal and Industry Minister Punjab Mr. Madan Mohan Mittal are also seen in the picture.


the students at par with the private schools.

The Chief Minister urged the Industrialists to open Skill centers

to train the unemployed youth to enable them to be gainfully

employed besides catering to the needs of local industry. He

also asked the major captains of the Industry to focus their

attention on the welfare and prosperity of the economically

weaker sections as a part of ‘inclusive development’ otherwise

any deviation from this path could lead to a dangerous trend of

Naxalism, which was spreading its wings swiftly across several

parts of the country.

Slamming the Union government for ignoring the common man,

the Chief Minister said that the Congress has to pay heavy price

for its anti-people policies as it has been routed from the four

states during the recently concluded assembly polls whereas a

novice Aam Aadmi Party has registered impressive gains only

due to its concern shown for the poor and common people. He

said that Punjab which contributes 60% of the food grains in

national kitty despite of its 1.5% of country’s total area besides

enormous contribution of Punjabis in national freedom struggle

and safeguarding the borders from our hostile neighbor has

never been acknowledged by the Centre.

Earlier in his power point presentation Deputy Chief Minister

Mr. Sukhbir Singh Badal, while declaring Punjab as a power

surplus state, said that the power would be available here at

cheaper rates as compared to other states. Citing the CRISIL

rating of High prosperity and Equality, he said that the state

was having the best infra structure which was a basic catalyst

of industrial growth. The Deputy Chief Minister said that due to

the concerted efforts of the state government Ludhiana city has

been declared best investment destination by the world bank

adding that the RBI has also adjudged the state as one of the

top three investment destinations of the country.

The Deputy Chief Minister said that Punjab would be only state

with best air connectivity having three international airports at

Mohali, Amritsar and upcoming at Macchiwara besides three

domestic terminals at Bathinda, Ludhiana and Pathankot. He

further said that Punjab was having the finest road network

having four/ six lanes roads throughout the state which

connected all the cities and towns of the state. The Deputy Chief

Minister said that the state government has embarked a major

scheme for the comprehensive planning and development of

urban and rural areas across the state thereby equipping them

with 100% water supply and sewerage facility.

Underscoring the need of growth with equity, the Deputy Chief

Minister said that he was a firm believer that ideas were far more

important than the resources and to think big for achieving big

was his motto for success. He said not only the key players in

cover story

14

FLOW OF INVESTMENTS

Reliance Industries (RIL) chairman Mukesh Ambani on

Monday announced the possibility of a "collaborative

venture" with Bharti Airtel in setting up digital infrastructure

in the country.

Speaking at the Progressive Punjab Summit in Mohali,

Ambani announced an investment of Rs 2,500 crore

for setting up digital infrastructure for the 4G network.

Ambani also announced that Reliance Foundation

will partner with Punjab in promoting sports, specially

basketball in schools.

Bharti Airtel chairman Sunil Bharti Mittal, also announced

an investment of Rs 4,000 crore to set up digital

infrastructure in Punjab.

During the summit, Arcelor Mittal chairman Lakshmi

Mittal announced that his company will expand Bathinda

refinery project by at least 25 per cent with additional

investment of Rs 20,000 crore.

While ITC chairman Y C Deweshwar declared that the

company will set up its "showcase" food processing

industry either in Ludhiana or Jalandhar, Bicon chief

Kiran Majumdar Shaw said her company is taking Punjab

"very seriously" for investment.

The summit kicked off with many important

announcements expected to be made during the course

of the two-day event. More than 20 memoranda of

understanding are scheduled to be signed between

the government and top industrial houses promising

investment worth Rs 25,000 crore.

This includes a Rs 900-crore investment by Medanta

in a 25-acre Medicity in Mohali. This will be their

second venture in the country. Max Healthcare

and Fortis Healthcare Ltd will also set up hospitals in

Medicity. Ranbaxy is also expected to announce the

launch of another pharmaceutical unit in Punjab.


industry from India but abroad like CTCI Taiwan, USA’s leading

Mall Company Gumberg have already landed in the state. The

Deputy Chief Minister reiterated that conducive atmosphere

coupled with peace and harmony and enterprising skill of

Punjabis was a major factor to boost investment sentiment in

Punjab adding he said strikes and labour unrest were words

unheard of in the state.

The Deputy Chief Minister said that the establishment of

PBIP would facilitate the investors in securing clearances in a

hassle free manner under one roof and CEO has been made

accountable to give sanctions with regards to ten departments.

He said that the lucrative concessions given to industry had

further rejuvenated confidence amongst the industrialists

besides scaling down the corruption at the cutting edge

considerably through bringing out of box governance reforms

which were guaranteed to eliminate the interface between the

public and government officials.

Earlier the Chief Secretary Mr. Rakesh Singh welcomed the

esteemed gathering whereas Cabinet Minister Mr. Madan

Mohan Mittal proposed the vote of thanks. Principal Secretary

Industries Mr. Karan Avtar Singh conducted the proceedings

of the state.

Prominent amongst those present on the occasion Cabinet

Ministers Mr. Bikram Singh Majithia, Mr. Janmeja Singh

Sekhon, Mr. Sarwan Singh Phillaur, Mr. Sikander Singh

Maluka, Mr. Sharanjeet Singh Dhillon, Advisor to Chief

Minister on Media and National Affairs Mr. Harcharan Bains,

Media Advisor to Deputy Chief Minister Mr. Jangveer Singh,

Assistant Media Advisor to Deputy Chief Minister Mr. Harjinder

Sidhu, State BJP President Mr. Kamal Sharma, Financial

Commissioner Revenue Mr. NS Kang, Financial Commissioner

Development Mr. Suresh Kumar, Principal Secretary to Chief

Minister Mr. SK Sandhu, Special Principal Secretaries to Chief

Minister Mr. Gaggandip Singh Brar and Mr. KJS Cheema.

Punjab Chief Minister Mr. Parkash Singh Badal addressing the leading Industrialists of the country during Progressive Punjab Investors Summit-2013 at SAS Nagar (Mohali)


• UNVEILSNEWINVESTORFRIENDLYHOUSINGANDURBAN

DEVELOPMENT POLICY-2013

• FOCUSONHOLISTICINFRASTRUCTUREDEVELOPMENT

Punjab Deputy Chief Minister Mr. Sukhbir Singh Badal today

sought private investment in infrastructure, housing and

urban development, logistic and warehousing, power and

renewable energy sectors while unveiling new Housing and

Urban Development Policy-2013, Renewable Energy Policy,

offering best incentives in the country.

Inaugurating the first session ‘Propelling Sustainable

Infrastructure’ focused on housing infrastructure and

renewable energy sectors on the first day of Progressive Punjab

Investors Summit here today, the Deputy Chief Minister said

that Punjab is the first state in the country that has unveiled

holistic infrastructure development model under which a

single agency would be responsible for providing all urban

civic amenities including water, sewerage, street lightning,

solid waste management, sewerage treatment plant and would

be collecting user charges from the consumers. He said that

Punjab Government believes in handing over the development

of Housing Infrastructure and Urban development totally to

the private players and with government acting as facilitator.

He said that Punjab was focusing on overall development of

147 cities and there was investment potential of Rs. 2280

crore in water supply and sewerage sectors besides Rs. 732 in

8 clusters of Punjab for Solid Waste Management. Mr. Badal

said Punjab was focusing on providing world class citizen

services and was looking for private players for establishment

of data center, disaster recovery center, GIS Database and

Data digitalization of records of urban properties and there

was a potential business of hundreds of crores in this sector.

Unveiling the new Housing and Urban Development Policy

2013, Mr. Badal said this policy has been framed after

extensive consultation with stake holders has salient features

like common building rules, rationalization of potential zones

for CLU, EDC and other charges, incentives for green building,

public private partnership in urban development and provides

incentives for affordable housing. Mr. Badal said that in the

new policy floor area ratio has been upgraded from 1:1:75

to 1:30 and density per gross acre norm has been increased

from 175 PPA to 300 PPA for general housing and 400 for

EWS houses to provide more housing stock in the market. He

said that Punjab is the torchbearer in having Land Pooling

Policy and has already unveiled a new policy for mega and

super mega projects.

Showcasing the potential investment opportunities in Punjab,

Mr. Badal said that upcoming New Chandigarh in the Greater

Mohali Area is all set to give to new impetus to economic growth

and development. He said there are number of opportunities

in Medicity to be constructed on 424 acres of land, Educity

on 1700 acres, IT City on 1688 acres. He said investment

opportunities in the proposed financial district and Downtown

Mohali and Downtown Ludhiana would put development

model of Dubai in a shade.

Speaking about the investment opportunities in the Renewable

Energy Sector, the Deputy Chief Minister said there was great

scope of investment in the clean energy sectors of solar and

biomass power. He said Punjab is targeting to operationalise

200 MW solar power and 1000 MW biomass power in next

three years.

Earlier Mr. A. Venu Prasad, Secretary Housing and Urban

Development, Mr. Anurag Aggarwal, MD PIDB and TRANSCO

gave a detailed presentation on urban development, renewable

energy policies of the state and answered the queries of

investors from all over the country regarding various policies.

The panel discussion that was chaired by Mr. Mohit Gujral, Vice

Chairman, DLF, Mr. Pradeep Singh, CEO ISB, Mr. SK Roongta,

Chairman Power Business Group Vedanta, Mr. Ravi Khanna

CEO Aditya Birla Solar, Mr. Krishna Ram Bhupal, Director

GVK Power and was moderated by Mr. Arvind Mahajan, head

Infrastructure and Governance Services, KPMG India.

Sukhbir Seeks Investment In Infrastructure, Realty, Housing And Power Sectors

cover story

16 PROPERTY & WEALTH VOL 3, ISSUE 03, Dec-Jan 2013-14

Mr. Mukesh Ambani Chairman Reliance Industries sharing viewpoint with Punjab Chief Minister Mr. Parkash Singh Badal during Progressive Punjab Investors Summit 2013 at SAS Nagar (Mohali)

Deputy Chief Minister Punjab Mr. Sukhbir Singh Badal exchanging MoU documents with the respective Chief of the company during Progressive Punjab Investors Summit 2013 at SAS Nagar (Mohali)

Authorized Sales Partner:

M: + 91 - 8699 842 416E: [email protected]

Life is all about Right Choices…Make the Best Choice

Ireo Water Front, Ludhiana - Integrated Township

Ireo Five Rivers, Panchkula - Integrated Township

Ireo Rise, Sector 99, Mohali - Residential Apartments

Ireo Hamlet, Sector 98, Mohali - Residential Plots & Villas

Ireo Hub, Sector 98, Mohali - Commercial Open Plaza

Visit & Explore : www.ireoworld.com

PROJECTS:

news & eventsREALESTATE&INFRASTRUCTURENEWS

EVENTSROUNDUP

2 Mn.Sq.Ft.LandParcelAcquiredByAlchemistTownshipIndia

Limited BiggestEverForEasternMetropolis

Delhi-based real estate developers Alchemist Township

India Limited have purchased 2 million square feet of prime

residential land from Highland Group at Kolkata Riverside,

a satellite township development encompassing 262 acres

being developed on the banks of the Hooghly River.

Altogether, Alchemist Township India Limited has earmarked

approximately Rs. 600 crore for this project. Jones Lang

LaSalle India was transaction partner for both the firms in this

deal.

Mayank Saksena, Managing Director - Land Services, Jones

Lang LaSalle India says, "Kolkata Riverside is a prime township

project that incorporates the latest features in environment-

friendly urban planning. It also has a very healthy mix of

market drivers, including a 25-acre IT Park created entirely

on sustainable development parameters, various commercial

establishments catering to the services sector, world-class

physical infrastructure and advanced lifestyle features such

JLL Closes Largest-Ever Land Deal In KolkataKolkata

Property & Investment Fair 2013Venue: Rotary Club, LudhianaDate: 21-22nd Dec 2013

forthcoming events

Ludhiana

Gurgaon Rapid Metro Begins Gurgaon

20

news&events

Rapid Metro-Gurgaon, the country’s first privately financed metro

rail service, is now opened to commuters. An announcement to

this effect was made by Sanjiv Rai, MD & CEO, IL&FS Rail Ltd.

Rapid Metro Gurgaon line will be opened to commuters from

6:05 am till 12:20 (midnight). Five fully automated trains with

a frequency of 4 minutes would run between six (currently five)

stations.

The launch of Rapid Metro Gurgaon is likely to boost connectivity

within the cyber city. It is expected that about 30 per cent of the

existing road traffic will move to Rapid Metro, thereby reducing

travel time and traffic jams for commuters on the NH-8, Gurgaon

and Delhi. Company officials said Phase I of Rapid Metro had

entailed a cost of Rs 1,088 crore.

as a golf course. Alchemist Township India Limited have made a

very astute choice in terms of location and land parcel magnitude,

allowing them to fully capitalize on this township's residential real

estate potential."


September 30, 2013 – Coldwell Banker Real Estate LLC

announced the signing of a master franchise agreement with

Coldwell Realty Private Ltd. to affiliate and service Coldwell

Banker® and Coldwell Banker Commercial® franchises in

India. The firm will operate as Coldwell Banker India. Coldwell

Realty Private, Ltd. is a privately held firm led by Ramnik

Chopra and a seasoned management team that has extensive

experience in commercial and residential real estate, along

with professional and financial services and marketing. The

company will be headquartered in Mumbai. Chopra earned

an electrical engineering degree in India. He then worked for

several technology companies in India and the United States,

before starting his own real estate marketing services company

to assist reputable Indian real estate developers in marketing to

people of Indian origin living overseas.

“India has risen dramatically in its wealth and its consumer

affinity for quality brands, while preserving traditional values

and culture," said Budge Coldwell Banker India will focus on

building the brand in the nation of 1.2 billion, the most populated

democratic nation in the world, concentrating its initial efforts

in major metropolitan areas, including Mumbai and New Dehli.

“The time is right for the Coldwell Banker brand to succeed

in India,” said Chopra. “We have the world’s fastest growing

middle class where homeownership remains aspirational and

homeownership rates are rising as personal wealth increases.

There is also a great opportunity to reach our affluent population

through the Coldwell Banker Previews International® program

and provide the outstanding service this market expects. The

century-old success of the Coldwell Banker brand, showcased

by the brand’s professionalism, strong consumer-service and

belief in ethical behavior are qualities that will resonate with

the Indian consumer. The proliferation of foreign investment in

Indian manufacturing, consumer services and retail also give us

an opportunity to succeed on the commercial real estate sector.”

Coldwell Banker Real Estate Announces Master Franchise Agreement for India

65th Fiabci World Congress Venue: LuxembourgDate: 17-22nd May 2014

Luxembourg

forthcoming events

21

news&events


news&events

22

Pimpri-Chinchwad Municipal Corporation, Pune's thriving

sister city, is all set to throw the doors of its first full-fledged mall

open to the public. City One Mall, a joint undertaking by PCMC's

leading development companies Rama Group and Pharande

Spaces, is being exclusively leased by out Jones Lang LaSalle

India.

Jeetu Panjabi, Director - Rama Group says, "The one missing

link on PCMC's well-meshed real estate market has been

organized retail. With City One Mall, the gap is finally being

bridged. This mall brings the best of brands under one roof to

create a unique shopping experience. The Pimpri-Chinchwad

Municipal Corporation now has a distinct cosmopolitan profile,

and lifestyle aspirations are at an all-time high."

Strategically located close to the Pimpri-Chinchwad Municipal

Corporation Building, City One has four levels of retail spaces

and will provide an international shopping experience, an

exclusive Entertainment City, alfresco cafes and global dining

options to PCMC's residents.

Anil Pharande, Chairman - Pharande Spaces says,

"PCMC has always been a promising catchment for retail

developments. The region's versatile population profile

has already spelled success for major local category

players like Jai-Hind, Ranka Jewellers, Silver Leaf,

Krishna Rajaram Ashtekar, Vama, Hastakala Sarees,

PNG, Bafna Jewellers and Chandukaka Saraf. Nevertheless,

PCMC has not had the benefit of a full-fledged mall development

to cater to its highly aspirational and rapidly growing shopper

catchment."

The PCMC region has seen a quantum leap in retail viability,

driven by the high purchasing power of employees from its

automobile and other manufacturing industries as well as

massive trading community. The potential for organized retail

in Pimpri-Chinchwad was waiting to be tapped, and Jones

Lang LaSalle's retail team confirms that the demand for space

at City One has been nothing short of spectacular.

So far, organized retail has had a very limited presence in

the PCMC belt. The opportunity for retailer to capture the

full potential of this market is much greater as compared to

many other locations. The massive residential development

happening in and around PCMC is creating considerable

inherent retail demand. National hypermarket chains such

as Big Bazaar, Star Bazaar and D Mart and organised retail

chains like E Zone, Croma, Vijay Sales, McDonald, Just In

Time, World of Titan, Tanishq and FabIndia already exist in

stand-alone stores. Now, City One Mall at is all set to offer all

the major brands under a single roof.

City One Mall's total development size is 3,33,000 square feet

of built-up area, consisting of two buildings, both equipped

with four levels of retail spaces and two levels of parking

space. In the first building, which has a total area of 1,12,000

square feet, Central has already snapped up 81,000 square

feet across the ground, first and second floors and is gearing

up for a grand launch of Pimpri Central by the end of 2013.

The remaining 21,000 square feet have been leased to Men's

Avenue - a leading Pune-based apparel retailer which has also

taken up space for their 'Kajree' saree section on the second

floor.

The second building in City One Mall, with 2,21,000 square

feet, has been allocated to the mall's multiplex, another anchor

as well as restaurants and vanilla retail stores. Mainland China

and Global Grill have already taken up 11,000 square feet

on the second floor and are operational. The 5-screen PVR

multiplex is scheduled to open up in the first quarter of 2014.

Pune’s Sister city, PCMC's First Full-Fledged Mall


Globally renowned German bath fittings

Brand KLUDI announced their future

expansion plans in the Indian Market. Kludi

GMBH (Germany) - a 170 Million USD

parent company of KLUDIRAK India has

acquired majority stakes in the KLUDIRAK

with quantum infusion of equity. Strategically,

this is an extremely significant step not only

from resource mobilization standpoint, but

also in terms of the strengthening the brand

awareness of KLUDI in India. Consequently,

beginning 2014, KLUDIRAK India Pvt. Ltd.

will be re-named as KLUDI India Pvt. Ltd.

KLUDI India Pvt. Ltd. will invest 1.50 million

USD in India to support the expansion plan.

This strategic move is the clear reflection of

the importance that KLUDI accords India

in its global expansion plans. The press

conference today was addressed by; Mr.

Janusz Palarczyk, Group CEO – KLUDI,

Mr. Bernd Neidhardt, Managing Director

- KLUDIRAK India Pvt. Ltd. and Mr. Sanjay

Bankeshwar – Vice-President (Sales &

Marketing) KLUDIRAK India Pvt. Ltd.

Commenting on the occasion Mr. Janusz

Palarczyk, Group CEO – KLUDI said, “KLUDI

is targeting a market share on a 5-year

perspective of around 18-20% of the high-end

segment of the Indian market by 2018. The

high-end and luxury segment of the market

comprises approximately 5% of the overall

organized market of INR 4Bn. KLUDI India’s

revenue expectations would be exceeding

USD 5 million annually by 2018, growing at

35-40% year on year beginning 2014. In keeping with its core philosophy of quality sales rather than mass selling, KLUDI targets

to operate at healthy sustainable gross profits.”

Segment-wise, high-end retail is the focal point of KLUDI’s strategy and activity. The high-end hospitality segment too will be a

major focus that will be pursued aggressively by KLUDI in India. An additional advantage for KLUDI in India is the establishment

of a full-fledged sales office in Singapore, which is expected to support and complement the efforts of KLUDI India in high-end

projects. The role of Singapore-based consultants in brand specifications in many high-end institutional projects in India is

decisive and KLUDI Singapore office is expected to play a key support role in this endeavor of KLUDI India.

KLUDI - The German bath fittings major and leading European brand announces India expansion plans.

23

L to R - Mr. Janusz Palarczyk, Group CEO – KLUDI & Mr. Bernd Neidhardt, Managing Director - KLUDIRAK India Pvt. Ltd.jpg


About 200 real estate developers, investors and lenders attended the event.

Review

The Eighth Annual India Global Real Institute - 2013 meeting was held in Mumbai on October 3 and 4. The real estate investment event brought together the international players and national decision makers driving the real estate business in India. Even though the attendance at 8th GRI was lowest if compared to previous editions still the event gave excellent networking opportunity to about 200 real estate developers, investors and lenders who attended the event. Informal discussions were conducted about the issues related to realty business, such as Investing in India, Hospitality Developments, Private Equity, Townships vs. Smart Cities, Domestic Fundraising, Structured Debt Funding, Luxury Housing, Financing, Residential Developments, Shopping Malls, Affordable Housing, IT Parks, Land Acquisition, SEZs, Infrastructure, Logistics, and many more.

24

news&events


CHANDIGARHCAPITALREGIONPROPERTYHOTSPOTSZIRAKPURRZONE1

ZIRAKPURRZONE2

MULLANPUR-NEWCHANDIGARH

KANSAL

AEROCITY

MIXEDLANDUSE&INDUSTRIALSECTORS82,66,66A,66B

LANDRAN-BANURROAD(RIGHTSIDE)

LANDRAN-BANURROAD(LEFTSIDE)

KHARARLANDRAN-ROAD

BALONGI-KHARARROAD

MIXEDLANDUSE&INDUSTRIALSECTORS82,66,66A,66B+

WEEKENDHOMES

FOCUSTHISMONT H

26

HOT SPOT IN FOCUS

Falc

on

Vie

w

GURUDWARA SINGH

SHAHEEDAN

TR

IBU

NE

CH

OW

K

IT C

ity

IT C

ity

IT C

ity

200 ft. InternationalAirport Road

TO

PA

TIA

LA

TO

DE

LH

I

*Ma

p n

ot

to s

cale

Sig

natu

re

Tow

ers

Beste

ch

Square

JLP

L

Industr

ial P

lots

Disclaimer:Mapisnottoscaleandpurelyforillustrativepurpose.Accuracyofthemapisnotguaranteed.


27

DISCLAIMER: Features, information & Budget Planner given above are indicative only. Please contact respective builder for more specific & accurate information. Property & Wealth is not responsible for any decisions taken through use of above information.

HOT SPOT IN FOCUS - MIXED LAND USE & INDUSTRIAL SECTORS 82, 66, 66A, 66B


Location: Sector 66A MohaliHighlights: Read to possess plots

with all infrastructure in place. Also

offering builtup industrial Plots.

Options: 500 sq yards or more for

Industrial Plots, 250 sq yds built

up industrial plot with or without

basement.

Janta Industrial

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

ZigmaWealth8146992437

Location: JLPL Eco City, Sector 66B, MohaliHighlights:Gated complex secured with a multi-tiered security system, Jogging track & landscaped lawns, Club house,Swimming Pool.Options: 4 BHK 3500 Sq. Ft.

Signature Towers

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

SalesOrganisers/Dealers:Call9216841278toAdveristeinthisspace

Location: Sector 66-A, SAS Nagar(Mohali),Highlights:The ultimate office spaces with futuristic designs, state-of-the-art facilities and relaxing environment strike the right balance between modernity and functionalityOptions: Office Spaces

Janta Twin Towers

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200



Location: IT City Sector 82(A) 83(A), 101A

Highlights:Out of total area of 1685 acres, net area of about 400 acres will be used for allotment. The balance area will be used for residential, parks, green belts, institutional, commercial and road network.Options: 0.5 acre to 25 acres

IT/ Knowledge Industry Plots

BudgetPlanner

0 02 05 100 125 150

RatePerAcre:2.75CR(25acresite)upto5CR(1/2acresite)

Location: Sector 66, Mohali (adjoining Chandigarh)Highlights: Most Prime Location in Mohali adjoining Chandigarh Options: Office Spaces2BHK & 3BHK Flats

BestechSquareSector66Mohali

BudgetPlanner

Location: Sector 66-A, Near International Airport, MohaliHighlights:Excellent Location on 200’ Airport Express Highway with 17 ACRES of Lush Green ParkOptions: 3BHK (2480 SqFt), 4BHK (3007 SqFt) Flats.@ INR 3,790/- per sqft.

JLPL Falcon View

BudgetPlanner

MaKaanSearch8437002002,9872588555

0 10 20 30 40 50 60 70 80 90 100 150 >200

0 10 20 30 40 50 60 70 80 90 100 150 >200` inLakh

` inLakh

` inCrores

` inLakh

` inLakh

` inLakh


WEEKEND/HOLIDAY HOMES

Location: 3km from Solan on Solan Sabathu Road.Highlights: Registry for built up area for built area Even for non Himachlis. Enjoyable weather round the yearOptions: 1 BHK 671 sq feet, 2 BHK 111 sq feet and 4BHK duplex cottages 2475 sq feet.

AmravatiHills

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Kasauli Hills at 5000 feet, nearly 15kms from Kasauli amidst pristine environment.Highlights:Each Villa & Apartment providing a panoramic view of Mountains. Landscaped Gardens, Swimming Pool & Gym. International 5 star Hotel Options: Villas and Apartments

DLF Samavana

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Dagshai HillsHighlights: Situated at height of 5500 sq feet. its un spoilt nature at its best with Villas, plots, 5 star resorts.Options: Luxurious independent villas, residential plots

Pine Wood Resorts

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Dharampur Sapatu Road 2 kms from Hotel Victoria IntercontinentalHighlights: Panoramic View of the valley. Non Himachalis can buy in their own name. Specially imported pre fabricated apartments.Options: 1BHK/2BHK on 400 sq yard Plot

HillFarms

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Kais Village, KulluHighlights:First of its kind group housing in HP, Unique terraced landscaping all around.Options: Exclusive low rise designer apartments and Luxurious villas

Kaisville

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Solan Simla Old Road, Kumar hattiHighlights: Beautiful fully furnished apartment With un spoilt view of the mountains.An ideal hill farm house.Options: 2BHK and 3 BHK

Pine Wood Cottages

BudgetPlanner

0 10 20 30 40 50 60 70 80 90 100 150 >200


SalesOrganisers/Dealers:Call9216841278toAdvertiseinthisspace ZigmaWealth:8146992437

SalesOrganisers/Dealers:Call9872635220toAdvertiseinthisspace MegaMarketing:9815740230

SSAssociates:9876500036 Call9815601347

` inLakh

` inLakh

` inLakh

` inLakh

` inLakh

` inLakh


Zigma Wealth Corporate Office:-

REIT- sides & the flipREIT buys real estate assets which are income providing

property wise

30

At a time when the real estate sector is reeling

under liquidity crunch and poor sales, the

Securities and Exchange Board of India (Sebi)

has re-initiated the process of introducing real

estate investment trusts (Reits) in the country.

As planned way back in 2008, Sebi has finally released

a consultative paper and the proposed SEBI (Real Estate

Investment Trusts) Regulations for comments. Funds through

follow-on offers as well. This marks a key step in bringing

greater transparency and professionalism in the industry.

According to the proposed regulations, REITs will be registered

as trusts with SEBI. These trusts will not be allowed to launch

any scheme. Reits, which will raise funds through initial offers,

will have to list their units on exchanges for trade.

Knowing REITs

REIT is like a company that raises the capital required through

an IPO and then sells its shares to its investors. With the

capital raised, REIT buys real estate assets which are income

providing. Some forms of REIT generate income by renting out

the properties, while some others generate income by lending

money to other real estate investors.


31

The income generated from such type of activities is

distributed back to the investors in the form of dividends year

after year. REITs present a less risky option to investing in

under-construction properties and are well suited for investors

seeking a regular income.

REIT was first introduced back in 1962 in the United States of

America and ever since then the idea of REITs have spread all

over the world through Japan, Singapore and So on.

Key highlights of the draft guidelines

• REITs would be able to raise money from investors,

resident or foreign. However, at the start units would be offered

only to high net worth individuals (HNI) and institutions.

• A REIT would have to be set up as a trust which is allowed

and registered with SEBI before it can offer units to the

public and have its units listed in a fashion similar to an initial

public offering of equity shares. A REIT would have a trustee,

sponsor, manager and principal valuer before it can apply for

registration with the regulator. According to SEBI, a REIT once

listed may raise funds through follow-on offers. Moreover,

listing of units will be mandatory.

• The minimum size of investment that the REIT can

hold would be Rs 1,000 crore and the listing of units will be

mandatory. The minimum initial offer size would be Rs 250

crore and the minimum public float 25%. To avoid excessive

leverage, the consolidated borrowings and deferred payments

of the REIT have been capped at 50% of the value of its assets.

If the leverage exceeds 25%, the REIT would require credit

rating and approval of the majority of investors.

• The minimum subscription per investor would be Rs 2

lakh with every unit valued at Rs 1 lakh.

• 90% of the investment would have to be made in

“completed” revenue-generating properties; the remaining

10% could be invested in other assets as deemed fit by the

REIT manager

• Full valuation including a physical inspection of the

properties would be made at least once a year and be updated

every six-months. Accordingly, the net asset value of REIT

units would be declared at least twice a year.

The action taken by SEBI through issuing these draft guidelines

is an encouraging step and will help enhance liquidity position

of developers and make the realty sector more transparent

and accountable. When REITs come into being these would

stimulate substantial investor interest from domestic and

global investors in India, currently a passive real estate market.

REITs are expected to bring in globally recognized practices to

real estate funding and renew the interest of both global and

domestic investors in this sector. With REIT, one can expect

large-scale investor participation in the real estate sector.

What is in store for Indian real estate sector?

Reits have been on the wishlist of the Indian real estate sector

for long. It is expected to bring in globally-accepted practices

to real estate funding and revive the interest of both global and

domestic investors in the sector.

According to Cushman & Wakefield, around 57 million square

feet of office space is vacant in India and over 200 million

square feet of investible 'Grade A' leased offices are unsold.

These properties can be used by Reits to generate rental

incomes. The residential segment, where annual rental yield

is low (2-5%), will be better suited for capital appreciation.

"Allowing Reits will be a sign of the maturity of the Indian

real estate market. Reits reduce individual speculation in

real estate assets and allow for more professional investment

and management in the sector," says Sanjay Dutt, executive

managing director, South Asia, Cushman & Wakefield, a real

estate consultancy.

"If implemented, the timing of Reits will be great as many

developers are faced with liquidity issues as they have large

amounts of capital locked in commercial assets and are finding

it difficult to sell due to the large ticket sizes. Investments by

Reits will also indirectly reduce the exposure of banks to risky

assets as they have provided construction finances to many

projects," he adds.

"The decision to allow listing of Reits in India as an investment

product will boost the liquidity situation of cash-starved

developers, which are struggling to find funds for their

construction activities. This will also boost the subdued investor

sentiment in the country and will provide an investment avenue

which is less risky than under-construction properties, as well

as easier exit routes along with regular income " says Sachin

Sandhir, managing director, RICS (Royal Institute of Chartered

Surveyors) South Asia.

It’s the non- clarity on on stamp duty and taxation is what

worries some. "Reits will enable developers sitting on assets

to both unlock value and create liquidity. Due to global

acceptance offshore investors had already begun looking at

core opportunities in India. However, there is no clarity on

stamp duty and taxation yet, which will play an important

role in the success of Reits," says Khushru Jijina, managing


property wise

32

director, India Reit Fund Advisors, a real estate fund.

Experts say the Indian government and the market regulator

will need to move quickly to ensure that the momentum built

by Sebi's move remains. They say the process of allowing Reits

will have to be expedited to bring in institutional funding and

liquidity in the real estate sector quickly.

Howithelpinvestors&developers

REITs are beneficial to both investors and the real estate

industry. On the one hand, it provides an exit route for

the developer/industry; on the other, it offers investment

opportunities in property for retail and high net worth investors.

REIT sponsors, usually developers or private equity funds,

allow developers to gain liquidity by passing on ownership to

unit holders. “This is a welcome move. Once in place it will

provide an additional exit route for investors and enable retail

money to be channelised into India’s realty sector through a

regulated network,” says Anshuman Magazine, chairman and

managing director of CBRE South Asia.

According to the investment bank, DLF, Phoenix, Unitech and

Raheja are the largest rental asset owners and likely to be

the key beneficiaries. “Given DLF’s high leverage and limited

success in monetising its non-core assets, REITs could provide

new avenues to raise funding to help it reduce debt.

According to Morgan Stanley, India has 400 million sq ft of

office and mall properties valued at $60 billion (Rs 3.72 lakh

crore).

“It is definitely of interest to us and we would like to float a

Reit like many others,” said V Hari Krishna, director at Kotak

Realty Fund, which has a little over $100 million of investment

in commercial assets. “You get to play the property market

without development risks; Reits offer high liquidity which is

not there in the real estate markets and offer an income-play

like bonds.”

Tata Sons-owned TRIL, an advisor to realty fund Tata Realty

Initiatives Fund (TRIF-1), is also looking at floating a Reit here,

as well as in Singapore, over a period of time.


33

“The legislation (on Reits) offers good options for developers

like us who have large income-generating assets. It is a good

platform for exits. We believe Reits will be realty in India in

the next one year, when we will list our own Reit here,” TRIL

managing director Sanjay Ubale had told Business Standard

recently.

“Three-four years down the line, we will look at floating a Reit

in Singapore,” he had said.

TRIF-1 has a corpus of $750 million and owns around 90 per

cent stakes in the company’s mall projects in Amritsar and

Nagpur, among others.

According to sources, US-based Blackstone has also started

doing the spadework to launch Reits here. Blackstone is the

most-aggressive investor in commercial properties in India. It

has invested about $1 billion in Indian commercial properties,

mostly in IT parks and special economic zones, since 2011.

Some of its major investments include a $149-million

investment in DLF Akruti Info Parks in Pune and $200 million

in the properties of Embassy Property Developments.

Theflipside

Going by the pragmatic approach, SEBI has given a lot of

emphasis on transparency and disclosures According to

Bhairav Dalal, associate director, PwC India, “The good news

is that the regulator has clearly expressed its willingness to

kick-start REITs in India at the earliest. The cautious approach

adopted by Sebi during this initial period is acceptable and

appreciable. One concern is with regards to the strengthening

of our legal framework surrounding real estate in India, which

is a pre-requisite for REITs to thrive here. One of the basic

premises of the draft Reit regulations is the need to provide

an exit avenue and liquidity. However, the definition of "real

estate" seems rather constricted. The definition of "real estate"

or "property" should be broadened to include all commercial

and residential property and completed infrastructure assets

such as roads and highways that have a regular income flow.

The Real Estate Regulatory Bill, which was approved by the

Union Cabinet in June 2013, was therefore a move in the right

direction,” said Anuj Puri, Chairman & Country Head, Jones

Lang LaSalle India.

Unveiling the underlying policy marshland for REITs, Geeta

Dhania, Managing associate, Luthra & Luthra Law Offices, says

the sponsor eligibility condition of five years' experience in the

real estate industry on an individual basis should be widened

to enable non-core real estate players likehotels, hospitals and

other corporate houses with real estate to participate in Reits

as well.

Talking on the commercial viability, of the premise that the draft

Reit regulations provides that a Reit cannot undertake an initial

public offer without the prescribed minimum asset value, she

says, Our lawmakers should amend this requirement and may

consider a requirement to have the initial portfolio identified

and tied in by way of definitive documents prior to the initial

public offer and offering proceeds can be utilised to purchase

the assets.


Retail In Asia - Different Strokes For Different FolksConsumers in India, China and other emerging nations are curious and want to explore new brands

property wise

34

Different Asian countries are at different stages

of development of infrastructure, logistics

capability and general real estate market

development. Retailers are prevailed upon to

tailor their local market strategies according to

factors such as real estate locations, price points and available

logistics. Such issues do not, as a rule, exist in developed

world.

The characteristics of Asian consumers that make them

different from consumers in developed markets are also

noteworthy. To begin with, most Asian populations are

witnessing rising incomes. This makes them prone to higher

spending impulses than consumers in the West, who are

currently in belt-tightening mode.

Also, consumers in India, China and other emerging nations

are curious and want to explore new brands. Consumption of

high-value items and luxury products is rising. Simultaneously,

the Asian consumer at all times keeps an eye on the affordability

of products.

This is a seemingly paradoxical approach for retail brands

that are used to the blacks and whites of spending patterns in

developed countries. They are often not sure how to position

themselves in markets where domestic alternatives to their

luxury items are available and also accepted.

Some interesting variants to the retail story in Asia:

• LocalPartnerSelection: International retailers are deploying

a variety of strategies when entering Asian markets. These

strategies range from emphasis on Internet marketing and

sales to adapting stores and specific products to fit in with local

cultures. Local, home-grown luxury brands seek international

capital and expertise, while global luxury brands are keen to

appeal to local tastes. Thus, partnerships between the two

become common.

• LocalStrategy: In order to be effective in Asia, international

retail strategies require to be customized to the nuances of the

local market. There are a number of nuances to be accounted

for, including the securing of top real estate locations at

accurate price points and good supply chain management.

• Product Lines: Product lines are more or less the same,

considering the inherent clout many well-known brands wield

in their particular segments. What differ are the finer elements

of product – product superiority (in the case of electronic

gadgets), product size (in the case of apparels and accessories,

depending upon the average build of people in a specific

geography), product pricing (depending upon cost structure in

the local markets and other business risks involved), product

choices specific to specific climatic conditions, and so on.

• Product Differentiation: In Asian countries, international

retailers that have displayed little or no disparity in price,

product and service from country to country have outperformed

peers that lack that same consistency. Zara and H&M are

good examples of such retailers, and they do very well. They

have a high luxury brand presence internationally, and the fact

that there is little brand dilution when going cross-border has

proved to be a winning strategy for them.

Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India


35

• Brand Awareness And Recognition: The success of

international retail and restaurant-chain expansion often

depends on brand recognition. For instance, in Singapore

there is high recognition of American and Japanese brands

due to education, travel and popular culture. In countries

such as China, the upper-middle income group is showing an

increasing preference for popular Western brands.

• Curiosity: It would not be inappropriate to say that Chinese

and Indian consumers display an almost child-like eagerness

to try new things and explore new facets of their identities.

Therefore, they are low on brand loyalty. This is good news for

several domestic and international retailers who want to set up

base in these countries. However, several international retailers

also have to grapple with this limited brand-consciousness in

countries such as India, and could only hope that the trend

changes in their favour over time.

• Entry& LocationStrategy: In the West, entry and location

strategy is more oriented towards establishing the suitability

of the product to a particular population at a certain location.

This is possible because demographic data and digitized

real estate landscaping is readily available in developed

markets. Emerging markets are less organised, and

therefore international retailers need to begin by studying the

demographics of each market cluster separately. The rising

importance of focusing on the correct residential cluster to

target cannot be underestimated - there is a deep requirement

of adequate market research at the core.

•StoreSizes: Depending upon the depth of product offerings

for a particular market, store sizes also differ. For instance,

Marks & Spencer would probably need a 20,000 sq. ft. space

in the UK at a minimum, as it offers diverse product categories

in that market. However, in Asian countries where it will

invariably carry a more limited range of product offerings, it

would not need more than approximately 5000-6000 sq. ft.

of space.

• Operational Efficiency Vs. Omni-Presence: The Big Bang

expansion plans of international retailers into fast-growing

emerging markets may not fructify at this moment because

of investment capital constraints (as is to be expected in a

scenario wherein business in home country is weak). Wal-

Mart, for instance, said in 2012 that it will slow down launches

of new stores in China and other Asian markets, thereby

indicating a greater focus on operational efficiency.

• InnovativeStrategies: Fashion apparel is one of the segments

that is witnessing enormous growth in Asian markets. It is

geared towards a young population with rising incomes, yet

a determined focus on affordability. Thus, many international

and domestic retailers have come up with 'fast fashion' to

bring affordably-priced apparel to the market in quick cycles.

These retailers are also facing stiff competition from Asia’s

local players, who have long-standing strength in textiles, an

understanding of local tastes and established local distribution

networks.

• PrivateLabelsGoods: In India, big retailers have been active

in introducing private label products, which now account for

20-25% of the profits for most. To cater to needs of value-

conscious consumers, private labels can also fill a void in

markets such as India where many categories of goods are

still under-developed. Private labels have a much lower share

of supermarkets sales in Asia than in developed countries,

ranging from less than 1% in Indonesia to between 1.5%-30%

in Thailand, Hong Kong, Malaysia, South Korea, Singapore

and Taiwan (as per L.E.K. Consulting). Euromonitor research

shows that in India, this share is close to 11% and 4% in China.

Initially, some consumers show suspicion while buying private

labels. To overcome this suspicion, retailers are resorting to

upgrading packaging, competitive pricing and promoting their

international affiliation. All in all, private labels have a bright

future in India. According to AC Nielsen, private labels will sell

around 5 times more in India by 2015 as against the annual

USD 100 million turnover being seen today.


Delayed Projects Plague NCR’s Residential Market

property wise

36

Santhosh Kumar, CEO - Operations, Jones Lang LaSalle India


Delayed delivery of residential projects has

become a significant issue on the real estate

market, leading to high levels of ire among

customers. In terms of the average delay in

delivering residential projects across India,

more than 25% of the committed supply has not been able to

hit the market as per schedule. The National Capital Region’s

performance in terms of delivery of residential supply due in

2013 has been the worst across all the major Indian cities.

In Gurgaon, only one-third of the total committed supply for

2013 has been delivered so far. The situation has been even

more alarming in other NCR regions such as Noida, where

only about one-fifth of the residential supply committed for

delivery in 2013 has been delivered so far.

In the West, Pune and Mumbai have shown a much better

performance in terms of project completions - these cities

could deliver more than 40% of the committed supply of 2013

as per scheduled delivery.

With delivery delays, inventory levels across India have risen

significantly. The Pan India inventory of residential stock is

now well above the comfort level of 14-15 months. Mumbai

has an inventory of close to 48 months, Delhi of 23 months

and Bangalore of 25 months. These are close to the levels

of 2007, when the residential real estate market's inventories

were at an all-time high.

Why Project Delays Occur

The issues leading to residential project delivery delays are

manifold. Poor project management is often one of them,

but this is not essentially the prime reason. In fact, it is the

current economic scenario - defined by high levels of inflation

and escalating construction costs - that is the leading reason

for delayed projects. Developers are facing a severe liquidity

crisis and do not have the capital to complete their projects.

However, there are also other factors at play.

One of these often is nothing more than a lack of commitment

to timely completion and delivery on the part of a developer.

We are currently looking at an environment wherein developers

are obsessed with launching new projects rather than making

the completion of existing projects a priority. There have been

many instances where funds that were raised for a particular

project were diverted for uses other than expediting the

completion of projects under construction.

Delay in regulatory clearances is another critical reason for

delays in project deliveries. In many cases of delayed projects in

Delhi NCR, the water and sand crises as well as environmental

regulations which developers have not been able to meet have

played a role. In quite a few projects, the lag caused by various

bureaucratic processes has also been an operative factor in

delayed project clearances.

There is no doubt that the new regulations pertaining to land

acquisition have thrown a rather massive spanner in the

works. In the NCR region, a significant number of residential

projects in areas such as Noida have been delayed because of

disputes with regards to land acquisition.

Advice For Property Buyers

In the current scenario, the secondary market seems to be

a more promising avenue for end-user buyers, as they can

get better price points there. However, transactions on the

secondary market often require buyers to have higher initial

liquidity so as to be able to meet the immediate capital

requirements. Also, in many of the projects, developers have

put in prohibitive measures such as high transfer charges

before the completion of the project. In such cases, the

valuation might also not be very attractive at all.

Nevertheless, developers are feeling lot of financial pain and

are now offering attractive construction-linked and payment

plans, with the bulk of the payment phased towards the time

of possession. These plans allow buyers with limited liquidity

to proceed with the purchase. Also, CLPs mean that buyers

have reduced exposure to the risk of delays.

We expect that in the ensuing two quarters, developers will

come out with more incentives and discounts to attract buyers.

In other words, the primary market will continue to maintain

its appeal. Buyers are, as always, advised to do a complete

and thorough due diligence of the credibility of any developer

they seek to deal with. Especially in the current scenario, the

delivery track record for previous projects is a vitally important

guideline for investment in the primary market.


Top realty destinations to invest in near metro cities

Buy a home for yourself this year. That's the

message of Union Budget 2013-14. The Budget

has announced an additional tax deduction of

Rs 1 lakh for those taking a loan up to Rs 25

lakh to buy their first home this financial year.

If you find the bait attractive enough, the Rs 25-lakh loan cap

and high property prices mean you have limited options if you

cannot make a big down-payment. One option is buying a

house at places not far from metro cities where prices are on

the lower side. Even if you don't want to move away from the

main city, the high returns that some of these new locations

promise means the house can be used as a bridge to the one

that you want to live in.

THEALTERNATIVES

With improving connectivity, expanding cities and rising

property prices, more and more home buyers are looking at

places close to metro cities. Developers are also betting big on

such locations.

Some emerging locations are Manesar (Haryana), Neemrana

property wise


With improving connectivity, expanding cities and rising property prices, more and more home buyers are looking at places close to metro cities. Developers are also betting big on such locations.

(Rajasthan), Narela (Delhi), Dharuhera (Haryana), Bhiwadi

(Rajasthan), Yelahanka (Karnataka) and Ranjanapada

(Maharashtra). Knight Frank India, a property consultancy,

listed Manesar, Neemrana, Narela, Yelahanka and

Ranjanapada as "hidden gems" in a report released towards

the end of last year.

"Buying property in a location that is well-connected and an

upcoming industrial hub is apt not only from the end-user

point of view but also from the investment point of view,"

says PS Jayakumar, managing director of Value and Budget

Housing Corporation (VBHC), a Bangalorebased developer

with focus on low-cost homes.

"The Delhi-National Capital Region (Delhi-NCR) should be a

good bet, but buyers need to be aware of two situations-one,

economic development in the area and, two, rise in inventory

with a large number of new properties getting ready," says

Ankur Gupta, joint managing director of Delhi-based Ashiana

Housing.

To attract both investors and first-time buyers, developers are

offering properties in a number of destinations close to metro

cities. Some of these are likely to give good returns over the

years .

BHIWADI&DHARUHERA

Bhiwadi and Dharuhera are well-connected with Gurgaon and

Delhi through National Highway 8. These are at a distance of

around six km from each other.

"I will take Bhiwadi and Dharuhera as one region. These have

become industry hubs on the Delhi-Mumbai Industrial Corridor

(DMIC). Companies such as Honda, Gillette and Lafarge have

set up plants there and many others are considering expansion

(there). Infrastructure such as schools, malls and hospitals is

coming up in a big way and will make life easier," says Gupta.

The DMIC project aims to create new industrial centres in

seven states-Delhi, Uttar Pradesh, Haryana, Rajasthan,

Madhya Pradesh, Gujarat and Maharashtra-through better rail

and road connectivity. It is aligned with a proposed rail freight

corridor between Delhi and Mumbai. In this year's Union

Budget, the government has expressed willingness to provide

additional funds for the project. The first phase is slated for

completion in 2018.

"Bhiwadi has properties priced between Rs 15 and Rs 70

lakh while properties in Dharuhera start from Rs 15 lakh and

go up to Rs 1 crore and more. Depending upon the time it

will take to build the industrial corridor, both locations will

offer lucrative returns," says Raj Sharma, managing director,

BestPropertyDeals.co.in, a brokerage website.

Most buyers in these locations are not end-users. "Only 20-25

per cent houses launched there have been bought by end-

users. The target group is people living on rent in Gurgaon,"

says Sharma.

Developers say the demand in huge. "Since 1993, we (Ashiana

Housing) have delivered around 4,000 homes in Bhiwadi.

We see a lot of interest in the future as more employment is

created in the area," says Gupta.

Bangalore-based VBHC entered the north Indian market with a

township in Bhiwadi. "Nowadays, people are inclined towards

industrial areas such as Bhiwadi due to the fast pace of price

rise. Our assessment suggested that Bhiwadi would be the

preferred location for investors. The response from buyers

confirmed this," says Jayakumar.

"One can expect an appreciation of 60 per cent in the next two

years. By the time the project is ready for possession, the price

would have doubled," says Sharma.

NEEMRANA

Around 50 km from Dharuhera, it is emerging as an industrial

hub. Neemrana, part of the NCR, does not have good

connectivity. The National Highway 8 is the only major road

linking it with Delhi. However, things should improve as it

is a major node on the Dedicated Freight Corridor between

Dadri (near Delhi) and the Jawaharlal Nehru Port Trust, Nhava

Sheva (near Mumbai). It is also part of the DMIC project.

One of the growth drivers for Neemrana is the Japanese

Investment Zone where 2,500 acres have been allotted to

Japanese companies.

At present, just a few established real estate players such as

Eldeco are operational here. However, local players are offering

plots and apartments citing proximity to the Neemrana Fort

and the Japanese trade hub.

Neemrana is well-connected with the New Delhi international

airport (around 105 km). An independent airport is also

proposed to be built in the area.

A 40,000-acre Global City is also planned in the Neemrana-

Behror area for which land has already been designated.

It will be able to house around one million people. Several


industrial zones and special economic zones such as the

Export Promotion Industrial Park are also in the pipeline.

"Neemrana should benefit immensely from the above factors

and provide good returns over a 10-year horizon," according

to the Knight Frank report mentioned earlier.

MANESAR

Located in south of Gurgaon, a New Delhi suburb, Manesar

is emerging as an important industrial belt with Phase I of the

Industrial Model Town already complete. The work on other

phases is going on.

Apart from manufacturing, Manesar is attracting information

technology and related companies as well. The industrial town

is expected to generate a large number of jobs, which will

drive demand for residential properties. The Kundli-Manesar-

Palwal Expressway, though delayed, is expected to add to the

demand.

NARELA

Narela in North-West Delhi is on the capital's border with

Haryana. It was planned as a sub-city by the Delhi Development

Authority after Rohini and Dwarka.

The area lags in connectivity. This should cease once the Delhi

Metro extends an existing line till Narela, providing a direct link

to Gurgaon through Delhi. Apart from the metro, it is expected

to benefit from the Kundli-Manesar-Palwal Expressway, which

is just 10 km away.

A freight complex (392 hectares) is proposed to be built in

Narela. Bawana, a small town 10 km away, is also seeing a lot

of industrial development.

RANJANPADA

Mumbai property prices can scare away those with small

budgets. Such people can bet on Ranjanpada in Navi Mumbai.

At present, the Jawaharlal Nehru Port Trust (JNPT) is the main

driver of real estate trends here.

Ranjanpada is just 15 km from the Belapur business hub in

Navi Mumbai. It is 22 km and 28 km from Vashi (Mumbai)

and Airoli (a Navi Mumbai suburb), respectively. Though it

is not very far from important employment centres, absence

of a proper transport system makes commuting difficult. The

JNPT Road is its only link with the other regions. An under-

construction Nerul-Seawood-Uran rail line, which is expected

to be completed in 2016, will improve connectivity with the

rest of Navi Mumbai and Mumbai.

Ranjanpada will also benefit from the Mumbai Trans Harbour

Link connecting Navi Mumbai and Mumbai. The work on the

link is expected to be commissioned in 2013. This sea bridge

will drastically reduce travel time between Ranjanpada and

South Mumbai business locations such as Nariman Point and

Colaba.

YELAHANKA

The Bangalore international airport near Devanhalli has been a

game changer for the nearby areas. Yelahanka, 19 km from the

airport, is also expected to benefit from the development. It is

further north of Hebbal, which has emerged as an information

technology hub and expected to grow further.

After the airport came up, property prices in Yelahanka

rose swiftly. At present, the area lacks quality civic facilities.

However, it has good connectivity with Bangalore's city centre.

Several road and rail links, including a commuter rail between

Devanahalli and Yeshvantpur via Yelahanka, should improve

connectivity.

The Karnataka government has formed a body to promote

development in the region and develop North Bangalore as a

business hub. With multiple projects and proposals, 40 lakh

jobs can be generated in the region over the next two decades,

say experts.

"Yelahanka's eventual evolution as a peripheral business

district will give birth to a thriving residential real estate

destination," says Knight Frank.

Contributed by: Monika Tandon


Application form withPhotograph duly signed byall applicants

Identity, Residence andage proof

PAN Card copy of themain applicant

Proof of businessexistence


Copy of valid passportshowing visa stamps

Copy of valid visa / work/permit/equivalent documentSupporting NRI Status of theProposed account holder

Latest contract copyevidencing salary/salarycertificate / wage slips


Copy of Passport alongwith valid visa stamp

Trade license or equivalentdocument

Computation of income,P & L account and BalanceSheet for last three yearsCertified by the CA/CPA,or Any other relevant authority (or equivalent company accounts)

Business ProfileOverseas bank account Statement

Six months overseas bankaccount statements andNre/Nro account

Last three years’ income taxreturns with incomecomputation Last threeyears’ CA-certified / auditedbalance sheet and profit & loss account Processing fee Cheque Processing fee Cheque

Last Six month’s bankstatements (Self andbusiness)

Processing fee Cheque

Self-employedNon-professionals Salaried NRIs

Self-employedNRIs







Last three MonthsSalary Slip

Education qualificationcertificate and proof of business existence

Form 16/ Income TaxReturns

Last three year’s incometax Returns with incomecomputation

Last Six month’s bankstatements

Last three year’sCA-certified / audited balance sheet and profit &loss account


Last Six month’s bankstatements


SalariedCustomers

Self-employedProfessionals

Note :- The above mentioned list of documents are inclusive and not exhaustive. The Bank / Financial Institutions may ask for any additionaldocuments / information on case to case basis at their discretion.

DOCUMENTS

CHECK LIST

FOR

HOME LOANS

Most Expensive Streets across the World (2013)

Delhi’s Khan Market is India’s costliest retail

market. National capital’s tony Khan Market is

the most expensive retail market in the country

even though its ranking worldwide has dropped

two places to 28. Monthly rentals at Khan

Market stood at Rs 1,250 per sq ft as of June, 2013, up by

just 2 per cent from the year-ago period, according to global

property consultant Cushman and Wakefield’s (C&W) report

‘Main Streets across the World 2013.When it comes to rental

appreciation, Panjagutta in Hyderabad with 29 per cent growth

is placed 8th in the list of global rental movement ranking of

2013. South Extension in New Delhi is at 17th position with

an annual rental growth of 20 per cent. Kutuzovsky Prospekt

in Moscow recorded the highest rental growth of 42 per cent.

“In the global ranking of most expensive retail locations, Khan

Market in New Delhi emerged as the 28th most expensive

in the world, retaining its position as most expensive retail

location in India,” C&W said.“India (Khan Market) however,

dropped in the global ranking from 26th to 28th position due

to the weakening of the Indian rupee against US dollar and

largely stable rentals with limited increment in rental values

in established retailing sectors,” it added. Hong Kong’s

Causeway Bay has emerged as the world’s most expensive

retail location, followed by New York’s 5th Avenue, as per the

report that ranks the most expensive locations in the top 334

shopping destinations across 64 countries.

Avenue des Champs Elysees in Paris is ranked third, while

New Bond Street in London, Ginza in Tokyo are at 4th and 5th

Hong Kong’s Causeway Bay has emerged as the world’s most expensive retail location, followed by New York’s 5th Avenue

property wise


Hong Kong’s Causeway

places respectively.

Khan Market witnessed high demand from retailers but due

to limited availability and transactions, rental values have only

seen a marginal increase, it said.

Commenting on the report, C&W executive managing director

South Asia Sanjay Dutt said: “While retail rentals globally

registered a slower growth of 3.2 per cent as compared

to previous year on account of slowdown in economic

uncertainties in the leading markets, the Asian markets saw

a better average of rental increase at 4.5 per cent in the same

period.”

The economic risk remains for 2014, but conditions are

expected to steadily improve across most markets, he said.

“The retailers’ push towards the best and most sought after

locations will continue. However, limited supply and higher

rental costswill create obstacles for some brands, leading a

number of retailers to look at alternative locations in close

proximity to the main thoroughfares,” he added.

On Indian retail locations, Mumbai’s Linking Road (Rs 750/

sq ft/month) emerged as the second most expensive retail

location in the country despite a correction of 11.8 per cent

in rental over last year. Connaught Place and South Extension

are third and fourth positions with a rental of Rs 725 per sq ft

in a month.

Bangalore’s Brigade road and Mumbai’s Linking Road stood at

6th and 11th positions respectively in the list of world’s top 15

markets to saw the sharpest retail rental decline.

Khan Market in New Delhi New York’s 5th Avenue

Indian office space –a subdued sentiment

India is faced with an intimidating macro-economic

landscape comprising of an escalating current account

deficit, slowing economic growth and persistent

inflationary trends. The economic growth slipped to

4.4% (its slowest pace in the last four years) during

the April-June period compared to 4.8% growth registered in

the preceding three months. In this light the corporate office

occupiers have remained cautious amid a subdued economic

outlook, a trend that has continued to inhibit office-leasing

activity across the country.

According to the report, India Office Market View by CBRE,

an international real estate consultancy, the office space

absorption in the top seven cities of the country has declined

by 14% q-o-q in Q3, registering around 6 million sq.ft as

compared to around 7 million sq.ft in the previous quarter.

These cities are Delhi NCR, Hyderabad, Mumbai, Chennai,

Pune, Bangalore and Kolkatta.

Looking at optimizing portfolio, rather downsizing in certain

instances, corporate occupiers’ demand has weakened. “A

sluggish global economy, a substantial drop in India’s GDP

growth, uncertainty, volatile currency, high interest rates, etc.

have been a deterrent for corporate growth and expansion.

The has resulted in declining office absorption across the key

metros in the country.” says, Anshuman Magazine, Chairman

and Managing Director, CBRE South Asia Pvt. Ltd.

The July–September period had witnessed the lowest addition

of office space over the past several quarters, largely due to

Witness 14% decline in office space absorption

property wise


prevailing high vacancy pressures in completed projects and

poor commitment levels in under-construction properties. Less

than 3 million sq.ft. of office space had been completed in the

given quarter—a drop of about 76% q-o-q, as compared to

around 10 million sq.ft. in 2nd quarter. Mumbai led project

completions, followed by the NCR, Bangalore and Hyderabad,

representing about 88% of the entire supply added during the

quarter.

The National Capital Region (NCR), Mumbai and Bangalore,

dominated the transaction activity each recording more than 1

million sq.ft. office space leasing. Gurgaon in the NCR; Lower

Parel, Andheri, Goregaon and Navi Mumbai in Mumbai; and

the Outer Ring Road in Bangalore, have emerged as the most

preferred micro-markets for office space leasing.

However, rental values have remained largely stable as

occupiers faced cost pressures, and consolidation continued

to be the key theme. Owing to increased occupier interest in

leading Grade A properties, marginal appreciation to the tune

of 2–3% has been observed in the Central Business Districts

of Delhi, Bangalore, Chennai and Pune.

Interestingly, Mumbai’s Nariman Point and Bandra Kurla

Complex have been the only micro-markets that have seen

a marginal rental drop, owing to sluggish demand and a

preference for the city’s cost-effective peripheral locations.

Looking the current scenario, occupiers are likely to remain

cautious, owing to uncertain global and local economic

sentiments, with their focus firmly on cost savings through

efficient space utilization, and consolidation/relocation to

peripheral markets. Given the prevailing weak sentiments,

occupiers will continue to hold strong leverage in the office

leasing market. This is expected to benefit corporates looking

at renewing or restructuring leases in the short to medium

term. Owing to upcoming expectations of a large supply

addition, rental and capital values are likely to remain under

pressure in most micro-markets in the short to medium term.

To top it all, where, the appointment of the new governor of the

Reserve Bank of India (RBI) was being seen as an encouraging

development, the raise in repo rates by 25 basis points during

its quarterly monetary review in September rather came as a

dampener for investor sentiments in the real estate sector.


Real Estate Investment Advice: Bungalows Versus Flats

property wise


Assuming that one has the financial wherewithal

for this to be an option at all, the question of

whether to invest in a bungalow or a flat is indeed

pertinent. As always, location plays an important

role. In an established area of a large city like

Pune, a bungalow costs a lot more than a flat. This means that

the rental market for such a property shrinks proportionately.

However, the income segment that remains can definitely

afford to rent such a unit, so demand would remain more or

less consistent. Moreover, bungalows in established locations

have a high chance of attracting long-term corporate leases.

• Bungalows–EstablishedVs.UpcomingLocations

Investing in a bungalow in an upcoming location usually

involves a lower (though still sizeable) capital investment. The

rental yield is lower, but the size of the rental market for such a

property increases proportionately. Investment in a bungalow

in such a location can make a lot of sense if the area, despite

being non-prime, is still well-connected to some of the city’s

major economic drivers, such the airport or employment hubs

such as IT parks and manufacturing zones.

One major advantage of investing in a bungalow in an upcoming

location is that it will gain steadily in value as the area’s profiling

in terms of social and civic infrastructure improves. However,

regardless of location, the maintenance costs and property

taxes involved in a bungalow are a lot higher than those of

flats. This long-term financial implication must necessarily be

factored while investment in a bungalow is considered.

• ShareOfLand

If we set the considerations of location, ticket size and potential

rental yield aside, the primary advantage of investing in a

bungalow rather than a flat is that one secures more land.

In any location, it is the value of land which determines the

value of built-up property. Unlike a flat, a bungalow and its

compound lock in a significant piece of tangible land. This fact

gives a bungalow a higher value in real estate terms. Also, the

investor must have a suitably long investment horizon and not

be looking for short-term returns.

• InvestingInFlats

Flats offer a slightly different value proposition than stand-

alone units such as bungalows. In the first place, the share

of land that is legally allotted to each flat in a project is much

lower than that of a bungalow. The primary value of a flat lies in

the space that it occupies, which is why larger configurations

such as 3 and 4 BHK attract higher rents.

As before, location will dictate the ticket size as well as rental

income. The rental market for flats is much larger than that

of bungalows, so

finding tenants is

easier even if one

factors in a certain

degree of tenant

churn. However, one

must ensure that one

is investing in a flat

whose size dovetails

with the median

income profile of the

location. The highest

demand will always

be from the locality

itself, and from people

working in offices and

industries close to the area.

Buying a flat whose size puts it out of the largest local demand

profile can be a self-defeating and costly mistake. Generally,

the 1, 2 and 2.5 BHK configurations are the safest investment

bet in any area, since the rental demand for them is always

the highest. With ultra-premium flats as a logical exception,

maintenance and property tax for apartments is significantly

lower than for bungalows.

• Flats–EstablishedVs.UpcomingLocations

In terms of location, investors into flats must consider all the

pertinent factors carefully. Flats in established locations are

costlier and involve a higher capital expense. They will attract

rental interest from a segment of higher economic profile.

However, it must be borne in mind that capital appreciation

of flats in centrally located projects is slower than in many

upcoming areas. This is because high-end locations tend to

hit an appreciation plateau, which can persist for long periods.

Upcoming locations appreciate faster because their market

viability is being enhanced with increasing accessibility as well

as social and civic infrastructure. They attract more people,

since any city’s growing population tends to move into areas

which are affordable. For that reason, emerging locations also

tend to attract a lot of commercial establishments – which

further boosts the residential segment.

To ensure that growth factors such as assured infrastructure

and social amenities are indeed locked into place, investors

into apartments should ensure that they choose projects that

fall within the local municipal limits. If a project falls outside the

city's corporation limits, there is no guarantee that the location

will receive proper infrastructure such as roads and regular

water and electricity supply. Without such infrastructure, a

location does not appreciate – thereby rendering it unsuitable

for smart property investment.

Arvind Jain, Managing Director–PrideGroup


98726-35220, 98156-01347

September 2013

Rated Ahmedabad 6-Star by CARE Ratings

Iscon Platinumby JP Iscon Limited

Ahmedabad

Iscon Platinum

By: J P Iscon Limited

September 2013

Rated Ahmedabad 6-Star by CARE Ratings

Iscon Platinumby JP Iscon Limited

Ahmedabad

Iscon Platinum

By: J P Iscon Limited

Project Star Rating Rationale

•Projectdeveloperquality

Iscon Platinum, a high-ranged lifestyle residential project,

is being developed by JP Iscon Limited (JPIL). JPIL is the

flagship company of the Ahmedabad-based ISCON group,

which has a long track record of executing real estate projects

across a wide range of segments, viz, residential, commercial

and retail space across Gujarat. The group has completed

18 projects covering an area development of about 39 lakh

square feet (lsf) since the year 2000. Apart from Iscon

Platinum, JPIL has three ongoing projects consisting of a total

developable area of about 12.42 lsf. Over the years, the group

has created the brand ‘ISCON’ which is one of the reputed

and trusted brands in the real estate development business

in Ahmedabad.

•Projectconstructionqualityandamenities

The project is situated at Bopal on the 200 feet Sardar Patel

ring road, which is amongst one of the major developing

localities in Ahmedabad. The civil construction work of the

project is undertaken by the in-house team of JPIL, which has

satisfactory track record of executing several projects of the

group. JPIL has appointed reputed architect and structural

consultants of Ahmedabad for the development of the

project. The project proposes to house adequate amenities

and recreational facilities including garden, children play

area, swimming pool, indoor & outdoor gaming facilities, etc.

•Projectlegalquality

The land title of the project land area of about 3.79 lsf is

clear and marketable as per the title search carried out for

30 years (title search was done by Mr Pratik Ramlal Jani).

Besides, the project has received all clearances required for

the execution from the respective government authorities for

the construction of 12 towers (A to L) of the project.

•Projectfinancialquality

The project cost was originally proposed to be funded through

a mix of customer advances of Rs.100 crore, bank loan of

Rs.70 crore and the balance from the promoters. Since

the company has received higher than envisaged customer

advances (Rs.140.70 crore) during the

CARE Assigns “NCR 6-Star” Rating to Iscon Platinum

by JP Iscon Limited

property wise


ProjectDeveloperProfile

Name of the company developing the project JP Iscon Limited

Project developer group Iscon Platinum

Development Experience of the developer group 13 years

No. of years in the industry 13 years

No. of projects developed till date 18

Total Area developed till date 40 lsf

No. of projects ongoing Four (25.56 lsf of saleable area)

Project Developer

JPIL is promoted by Mr Pravin Kotak along with Mr Jayesh

Kotak, Mr Jateen Gupta and Mr Amit Gupta, who founded

the group in the year 2000. Mr Pravin Kotak possesses rich

industry experience of more than three decades and other

promoters also

have more than a decade long experience in the real estate

industry.

The group has been in the Ahmedabad real estate market

for the last 13 years and is popularly known as ‘ISCON’. As

on June 30, 2013, the group has completed 18 projects

consisting of commercial and residential schemes covering

an area development of about 39 lsf. Apart from Iscon

Platinum, JPIL has three ongoing projects, which consist of

the total developable area of about 12.42 lsf. The group’s

entire development portfolio is located in Gujarat which gives

it an advantage in terms of reasonable business network and

understanding of the real estate market in Gujarat.

Project Details

The project is situated at Bopal on the 200 feet Sardar Patel

ring road, which is amongst one of the major developing

localities in Ahmedabad. The project has good connectivity

and is only a kilometer (km) away from the highly successful

mass transit system in Ahmedabad, ie, Bus Rapid Transit

System (BRTS). The Ahmedabad railway station and airport is

at a distance of approximately 16 km and 21 km, respectively

from the project location. The project is in close vicinity of SG

Highway, which has many elite localities situated on either side

of it. Reputed schools, shopping malls, restaurants, hotels,

banks, fuel stations and hospitals are within 5 km radius of

the project.

The project is designed to provide a luxurious lifestyle

living. Iscon Platinum consists of total 472 residential units

distributed across eight buildings with 12 storied blocks and

four buildings with 11 storied blocks. The project proposes

to provide facilities and amenities such as provision of 24/7

professional security with closed-circuit television (CCTV)

surveillance, video phones in each apartment, power back-up

in common areas, garden, gymnasium, indoor-outdoor sports

facilities, allotted car parking and many other amenities.

50

Project Name Iscon Platinum

Project Type Residential

Project Location Bopal, Ahmedabad

Development Type Bought Out

Project Start Date June 2011

Physical Construction Completion Date September 2014

Agreed upon Possession to the customer As per management, the project is to be handed over by September

Total Saleable Area 13.14 lsf having 472 residential apartments spread across 12 buildings

Construction Status The construction work for the project is at an advanced stage (59% of the construction cost incurred) with super-structure work of 10 out of 12 the blocks completed. Work related to flooring and plaster for the 10 blocks is being carried out currently. The construction of super-structure of the remaining two blocks is under progress.

ProjectProfile


HighlightsoftheProject

• Sports amenities: walking track, tennis court, squash

court, basketball court, volleyball court, cricket pitch,

skating rink, etc

• 24/7 CCTV surveillance and video phone in every flat

• Gymnasium and spa

• Swimming pool

• Library

• Garden with children play area

• Medical care centre

• Garbage room

• Two car parking spaces per apartment (one covered

parking in basement and one on ground floor)

Construction status of the project

The project uses column footing foundation in all the blocks,

wherein the construction and the excavation work is carried out

7.2 meters into the earth (3.2 meters basement plus 4 meters

into the earth from the basement) where it found hard strata.

The superstructure has been completed for 10 blocks. The

construction of two blocks, ie, block C and D commenced from

February 2013, in order to facilitate the efficient movement of

man and material and provide adequate space for the storage

of project specific raw material.

In case of common amenities, a clubhouse, swimming pool

and playing area is under construction.

Briefparticularsaboutvariouscontractorsisasfollows–

1.Architects

Placekinesis Associates, based in Ahmedabad, is amongst

the renowned architectural consultants in Ahmedabad. The

consultants have been associated with many well-known

residential as well as commercial projects. They have been

associated with JPIL for the last seven years.

2.Structuralconsultants

Ducon Consultants and Achal Parikh Structural Engineers

have been appointed as the structural consultants for the

project. They have been associated with JPIL since more than

10 years and have worked on various projects of JPIL in the

past.

3.CivilEngineers

The civil construction is done by JPIL’s in-house team and the

execution is overseen by Mr Nilesh Desai, Chief Civil Engineer

for the group.

Project legal status

The title search has been carried out by Mr Pratik Ramlal

Jani vide the report dated August 3, 2011, for the entire piece

of land admeasuring 35,208 square meters for the last 30

years. The title of land is clear and marketable. The solicitor

opines that the land is free from any charge or encumbrances.

• The draft agreement to sale is elaborate and contains details

related to the carpet area, saleable area and specifications;

however, it does not mention a fix date of possession. It

specifies a penal clause for the delays in payment by the buyer

but it has no specific penal clause for the delays in project

execution by the developer. Furthermore, the agreement does

not cover in-detail the obligations of the developer, clause for

liquidated damages, etc.

Project Financial Status

• The total project cost of Rs.273.22 crore was envisaged to

be funded by way of promoter funds of Rs.103.22 crore, bank

debt of Rs.70 crore and the balance from customer advances.

• As on May 31, 2013, the project has already incurred

Rs.90.01 crore towards the land cost and Rs.102.38 crore

towards the construction cost and other expenses, which is

funded through bank debt of Rs.45 crore, customer advances

of Rs.140.70 crore and the balance Rs.6.69 crore via sundry

creditors. Up to May 31, 2013, the company has received

bookings of 422 units out of total 472 units; this exhibits

a comfortable unit booking status. Also, it has received

comfortable payment against booked units which is expected

to facilitate the timely completion of the project.

51

Disclaimer CARE’s star rating of real estate projects is an opinion on the developer’s ability to execute the real estate project in timely manner and with the agreed upon quality standards. Besides, it is an opinion of the legal quality of the project. The analysis draws heavily from the information provided by the developer and information obtained from sources believed by CARE to be accurate. However, CARE does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Also, CARE does not guarantee the adequacy of title search done to arrive at the legal quality of the project. CARE’s Real Estate Star rating is also not a recommendation to buy, sell or hold the rated real estate property. CARE shall also not be liable for any losses incurred by users from any use of such rating. Most of the developers whose real estate projects

are star rated by CARE have paid a rating fee.

About CARE Credit Analysis & Research Ltd. (CARE) was promoted in 1993 by some of the leading Indian banks and financial institutions. Major shareholders of CARE include IDBI Bank, Canara Bank and State Bank of India. CARE is amongst the premier credit rating agencies in India and provides credit rating, research and information services. CARE Ratings is well equipped to rate all types of debt instruments including Commercial Papers, Fixed Deposits, Bonds, Debentures, Hybrid Instruments, Preference Shares, Loans, Structured Obligations, Asset Backed Securities, Residential Mortgage Backed Securities etc. CARE’s rating methodologies are in line with the best international practices.


The legendary cricketer, Sachin Tendulkar will be

conferred with Bharat Ratna. Sachin, who played

his final innings in cricket, at Wankhede Stadium

Mumbai in Nov 2013, will be the first sportsperson

to be honoured with the award. "I dedicate this to my

mother," he reportedly said. Tendulkar is the seventh

Maharashtrian to win Bharat Ratna after Dhondo

Karve, Pandurang Kane, Vinoba Bhave, BR Ambedkar,

Lata Mangeshkar and Bhimsen Joshi.

The decision to honour Tendulkar comes after several

noted personalities had voiced their support. Lata was

the latest to say that Tendulkar deserved Bharat Ratna.

"Whatever he (Sachin) has done for the country, very

few people can. He deserves the honour. He has made

all of us proud," Lata had told television channels.

Apple has bought Topsy Labs in a deal that will provide

the iPhone maker with more insights about the chatter

on Twitter. Topsy was co-founded in 2007 by Vipul

Ved Prakash, Rishab Aiyer Ghosh (another techie

of Indian-origin). Topsy pores through the stream of

conversations occurring on Twitter to identify trends and

people influencing public opinion. The San Francisco

startup also runs a free search engine that boasts an

index of every tweet posted since 2006, a resource

that's not publicly available on Twitter's own online

messaging service. Vipul Ved Prakash a a drop out of

Delhi University cofounded Sense/Net, one of India’s

first privately owned Internet service providers, but

soon encountered the scourge of spam. So Prakash

developed Vipul’s Razor, a spam-fighting, open source

software tool available online.

1240 Crores For Indian TechieBharat Ratna - Sachin Tendulkar

be a prosperity seeker


Shabana Azmi become well-known for her long-time

advocacy for the underprivileged.

Her work includes advocating for the rights of

minorities and women, and she has fought to raise

social consciousness and elevate the conditions of

slum-dwellers. She has also taken a strong position in

the fight for AIDS victims.

As a Rajya Sabha (Upper House) Member Of

Parliament, she has taken a bold stand in defense of

liberal values and the freedom of expression.

Quote From A Recognized Leader for Women:

“Time and again we women say we are different from

men - not better not worse but different - and with this

difference we need to be included in the global change

that is taking place.”

Film Actress Turned Social Activist

name, fame, money, social work… know what gives you a kick!

The Bonneville is the legendary motorcycle from the

British motorcycle maker -Triumph and the good

news is that it has hit the Indian shores in November

2013 along with rest of the lineup. This motorcycle

is named after the famous American record holding

ground, Bonneville Salt Flats. The Bonneville was first

introduced in 1959 and since then the motorcycle

has gone through many mechanical and cosmetic

changes, but one thing that hasn’t change - its

traditional design and classic nature. The Bonneville

looks very classy and it is very unlikely the motorcycle

will lose its iconic image. Keeping its classic design

in mind, the company has decided to give it an

analogue speedometer with odometer, clock and trip

information. The standard Bonneville which will make

its way to India doesn’t sport a tachometer but that

won’t play ‘Not to buy’ reason for Indian buyers.

Triumph Bonneville Now in India


quotemagic

The only disability in lifeis a bad attitude.

-Scott Hamilton


Prosperity is a great teacher,adversity a greater.

-William Hazlitt

quotemagic


prosperityseek

Premium Pools In Hot Demand For Luxury Homes

56

According to a recent Wealth Report (by Kotak-

Crisil), for India’s ultra-high net worth individuals’

(those with a minimum average net worth of Rs

25 crore accumulated over the past 10 years)

purchase of a luxury home is at a priority. In

fact, data from the report shows they are more interested in

concerns that offer exclusivity while adding a glamour factor

to the house.

A personal swimming pool is a must have for most of these

ultra-HNIs.

The need for qualified pool makers and operators has never

been greater. In absence of guidelines and uniformity in the

country, some serious players in the market are looking abroad

for inspiration and tying up with international concerns in

various capacities.

According to Mr.Vivek Mishra MD & Technical Head

Premium Pools, "Interestingly, pools have undergone a major

transformation. The market, though unregulated, is waking up

to the fact that pools, just like any other vital feature of your

dream home, need to be handled in a professional manner by

the experts who specialize in offering the latest".

The best part about accommodating pools in private houses is

the flexibility of choice available along with best of aesthetics.

Striking water features can be accommodated into your pool to

trickle a wow effect with water.


One can have fountain bubblers that are hugely popular with

kids and the best part is, these are fairly inexpensive.

For better visual effects in the pool periphery, one can include

simple to execute features like a deck jet throwing up water

in graceful streams appearing magically from the deck. A

captivating effect can be created by adding fibre optic light

to provide colour to the water streams for your very own night

time party /show.

For a more playful effect, one can consider including water

slides in the pool landscape to give you the feel of a water park

in your backyard.

Outdoor kitchens remain the most popular choice. These allow

you to use the backyard space around your pool like an indoor

living option.

Before you can enjoy a beautiful new pool, there are three

key stages of pool construction like excavation, plumbing and

finishing.

Proper plumbing design with planned flow rates for every pipe

size ensures optimal water circulation that further takes care

of water filtration as well.

Then comes the electrical system works. It is essential that

underwater lighting for swimming pools should be equipped

with Earth Leakage Circuit Breakers (ELCBs) or RCCBs, which

disconnect the feeders / MCB. The ELCBs / RCCBs ensure

that any excess current or current leakage in any of the LED

lights or wiring will be delivered to the earth fault, not allowing

current to pass in the water.

Mishra further adds, "Other than the conventional Olympic

sized and diving pools, today we have the concept of

customized pools where the length width and shape of the

pool are dictated by the customer".

Talking about pool maintenance, a well-designed, well-

constructed pool requires a minimum of upkeep cost:

• You do not need to drain the water

• You do not need to change the water

• You do not need to fish out debris like leaves etc

• You do not need complicated maintenance procedures

Premium Pools claim that even if you lock up your property

which has an open-air pool for a year and come back to it, all

you need to do is switch on the systems of your pool. Within

three days, you will have a clean, clear, safe and hygienic pool

to swim in.

Our clients did not believe us when we first told them this. Now

they point it out proudly to their friends and associates.


home of the rich & famous


Actors Angelina Jolie and Brad Pitt have reportedly

bought a house in Richmond, West London,

for an amazing $16.18 million. The Hollywood

superstars have taken the opportunity to buy the

home, called Whornes Place, after having rented

it for $50,000 a month last year.

“They loved it when they were in the UK last year,” a source

close to the couple told the newspaper. “They like the culture

and are happy for their children to receive schooling here.

They think Richmond is a beautiful part of the world.”

The couple, along with their six children, has planned to stay

in London for at least two years post marriage, as Jolie would

be shooting three movies in Britain one after the other.

Brad Pitt and Angelina Jolie have bought beachside property

in Goleta, California for their brood of six. The bungalow-style

home is set on acres of lush rolling country and fronted by a

magnificent cliff-lined coastline with miles of secluded beach.

Beachside property in Goleta, California

Brad Pitt & Angelina Jolie Buy $16 Million London Dream Home

Angelina Jolie & Brad Pitt


Wonder Works, a Top Pigeon Forge Attraction

WonderWorks Pigeon Forge began as a Top

Secret research laboratory on a remote

island in the Bermuda Triangle. As legend

has it, the world’s greatest scientists – led

by Professor Wonder – were given the task

of creating a man-made tornado and harnessing the POWER

of it. During this experiment, something went awry and the

power of the tornado was unleashed throughout the laboratory.

This created a swirling vortex that was strong enough to rip

the laboratory from its foundation. It was carried thousands of

miles away and landed upside-down on the top of a theater in

Pigeon Forge, Tennessee. Remarkably, all of the experiments

remained intact and functional.

When you enter the building, everything will be upside-down,

so in order to participate in the fun, you must be inverted. Step

inside the inversion tunnel and be turned right side up to begin

your journey. Once you are properly aligned for your adventure,

family fun awaits with more than 100 hands on exhibits.

Feel hurricane force winds, be shaken by a 6.0 simulated

earthquake, discover space exploration, put yourself inside

a bubble, climb the largest indoor ropes challenge course

standing 50ft tall and much more..

amazing buildings

quotemagic

"Sometimes you need to look at life

from a different perspective"

Combined-modern-mouse-keyboard-designMany laptops simply do not have the space to allocate to a

normal number pad ñ something many of us are used to using

on external keyboards or home computers.

This simple-but-brilliant solution by Adesso combines keypad

functionality to accommodate a traveler who does not wish to

bring an entire extra keyboard.

Combined-modern-mouse-keyboard-design. Housed within

clear plastic casing, the keypad not only ads a functional

dimension to an ordinary mouse ñ it also makes use of the

unerlying keys as an aesthetic expression of the multiple

functions of this portable gadget. For those of us who like to

crunch numbers on the go this is an essential mouse to pack

along.

amazing gadgets


If an egg is broken by anoutside force, life ends.

If an egg is brokenby an inside force,

then life begins.

Great things happen from the Inside.

quotemagic


prosperityseek

Dynamics of Luxury Living in India

64

India is blessed with one of the fastest growing real-estate

markets in the world in which luxury housing is emerging

as one of the most vibrant and dynamic segment. It is

not only attracting domestic real-estate developers but

also the foreign investors.

According to a new research report by RNCOS, “India Luxury

Housing Market Analysis”, the luxury-housing segment is

gaining momentum in India and holds immense prospects

for the new and existing players and anticipates flourishing

returns in the coming years.

The emergence of a new affluent class, consisting of

entrepreneurs and rich non-resident Indians along with rising

aspirations of HNI (High Net-worth Individuals) and changing

lifestyle has made the luxury segment business highly profitable

for real-estate developers.

According to a recent survey by ASSOCHAM, despite the

global economic slowdown & fumbling rupee, High Income

Group (HIG) consumers continue to spend over 40% of their

income on some of the world’s largest luxury brands, while,

Middle Income Group (MIG) consumers face heavy pressure.

In Delhi, the luxury unit's sales in Delhi-NCR have gone up by

around 25 percent in the current fiscal. The Dwarka Expressway,

New Gurgaon, Greater Noida, Yamuna Expressway are also

being seen as major pockets of the luxury apartments in the

NCR region.

Whatever the general market trend, the island city-Mumbai's

realty market does not stop creating new records. A sea-facing

duplex in a Malabar Hill’s Darshan Apartment building was

recently sold for Rs 57 crore or roughly Rs 1.35 lakh a sq ft to

the Bulchandanis, a prominent business family with interests

in software, aluminum and real estate, who already own three

other duplexes in the same complex. New projects are also

being launched in areas like Mahalaxmi, Lower Patel, Worli,

Juhu, Lokhandwala and Bandra in luxury segment.

Not only from big cities, like Delhi & Mumbai, but also Tier-I

and Tier-II cities, such as Lucknow, Pune, Ahmedabad, Indore

and Jaipur have also shown encouraging market developments

under this segment, the report says.

.

Omaxe, a luxury housing developers, has seen considerable

increase in queries for luxury units in Gurgaon and Noida. But

interestingly, due to current slop in rupee, there has been a

rise in NRI queries and off take in the luxury segment with a

drift in preference towards the non-metro markets of Lucknow,

New Chandigarh, Indore, Bahadurgarh, Sonipat, Bhiwadi,

Ludhiana, Faridabad, etc.

However, this cannot sum up the general market sentiments

& we certainly cannot overlook the prolonged slump in India’s

real estate market.

The current economic scenario has seen FIIs fleeing the

country. Its only once things stabilize, the return of FIIs is

imminent as India remains a lucrative investment destination.

This organically shifts the radar on to the new RBI Governor

who has shown his intent and exuded confidence in both the

Indian market and global investors with his plan of action.

However, his plans and implementation road map will be a

thing to watch out when he presents his first credit policy. So

watch out!!


Roshini Bakshi, Managing Director,

Licensing & Retail, Disney UTV

Special Luxury trends in India

P&W brings to you a series of special features in this emerging

segment from players across the globe and trends in India:

Recently ventured out into the luxury real estate segment, the

global brand Disney through its merchandising arm, Disney

Consumer Products (DCP) have tied up 4 real estate players

across India to provide Disney enthusiasts with Disney inspired

interiors and exteriors. Thus making it a part of child’s growing

up years.

The arm has over six categories in Disney Fashion and Home,

Toys, Consumer Electronics, Stationery, Food, Health and

Beauty and Publishing. Home solutions is one of the key

category for Disney in India and it spans across furniture,

bedding, rugs, tiles, switches, tableware, kitchenware, fans,

paints, bath accessories and much more.

P&W’s Charu RS interacts with Roshini Bakshi, managing

director,Licensing&Retail,DisneyUTV

WhatthestatusofIndianLuxuryrealestatesegment?Howbig

isitcurrently& whatisthepotential?

The luxury real estate market in India will continue to grow

in value and size over the coming years. The segment has

evolved in India with consumers getting a plethora of options

to choose from. The ultra-luxury housing segment is driven

by preferences of buyers from C Suite of the corporate

world, successful entrepreneurs and business tycoons, their

financial appetite is not limited to or governed by the economic

considerations. A significant percentage of buyers for such

projects is able to self-finance their investments through their

saved earnings. In India’s largest cities – namely Mumbai,

Delhi NCR and Bangalore – luxury and ultra-luxury residential

projects have witnessed appreciation over their launch prices

over the last decade, implying greater annual returns on

investment. Not only tier I cities, but also in tier II and tier III

cities luxury will continue to grow.

What are the latest projects of Disney in real estate?

We work towards bringing alive Disney stories and characters in

the form of compelling products and experiences. Our Disney

home products span across total home solutions including

furniture, bedding, rugs, tableware, kitchenware, fans, paints

and bath accessories.

The Disney home products project will have Disney-inspired

rooms consisting of Disney-branded furnishing, home décor

products, colour palettes and more, bringing alive a complete

Disney experience to families. It will also have Disney-inspired

recreational areas such as, an exclusive Children’s Club with

a themed swimming pool, play zone and many other Disney

characters inspired amenities, for the children to spend time

with their family and to bond together.

Howdoyouplanto penetrate Indianmarket?Whoallareyou

partnering with?

Disney’s beloved characters and stories have inspired multiple

generations of fans and we constantly try to bring in newer

products and experiences that would take our fan’s interaction

with the brand to the next level.

By partnering with a real estate players, we aim to provide

our fans, an opportunity to bring a piece of Disney magic into

their homes and provide holistic experiences into their day

to day life. Disney has partnered with four real estate giants

namely Sunteck Realty Ltd for a property in Mumbai; Team

Taurus for a residential project in Kolkata, Supertech Ltd for an

integrated township residential project in Greater Noida and

most recently with Akshaya in Chennai for one of its “Mixed

Mix Up” Township.

(Watch out for more such players in the next edition)


Kautilya Pandit is a child prodigy from Kohand village of Karnal district in the Indian state of Haryana. Psychologist from Kurukshetra University has approached Kautilya for some research and memory test, Kautilya has already surprised many researchers before and they have marked him a child genius. It is believed that Kautilya would have IQ around 130 which is very rare at his age

At the age of 5 years and 8 months, his incredible capability of answering every question within fraction of seconds has amazed one and all.

The 5 year old wonder kid made an appearance on the KBC show during the children special episode and amazed one & all by his knowledge, tenderness and Lungi dance.

GOOGLE BOY Pandit Kautilya

eyecatchers


quotemagic


Paro-Taktsang tiger's Nest Monastery Paro Valley-Bhutan

amazing getaways


As this fantastic and very special monastry is a

steep climb up the hill (900 meters), it is advised

to visit it at the end of your stay in Bhutan, when

you are acclimatised to the altitude.For people

who want, a pony can be arranged for the ride

up only, and until the cafeteria.From there it is another steep

walk, and then the steep and narrow stairs until the Monastry

itself.

Your guide can organise a permit to enter the monastry. Inside

you have to leave your bags and camera's at the entrance.

The view is great and the atmosphere very holy, a place where

every Bhutanese will want to come at least once in his life.

This is the place where Guru Rinpoche brought Buddhism

into Butan, arriving on the back of a tigress.

Except Indian citizens,every guest has to visit Bhutan with

a local guide, so this guide can organise the climb,the pony

when requested. The guide will also tell guests if he thinks

that the climb is too difficult according to the capabilities of

the guests.


Fairy Pools, Isle of Skye, Scotland

amazing sites


A great easy walk to crystal clear pools you can

swim or paddle in - look on YouTube for videos.

Nice to combine with a visit to nearby Talisker

Distillery and lunch at a lovely pub, the Old Inn,

at Carbost on Loch Harport.

A gentle walk up to the fairy pools. Beautiful surroundings

and the amazing Black Cullins looming up above behind the

wonderful clear pools. Definitely take your camera and maybe

a light lunch as it is beautiful to sit and listen to the water

rushing over 6-7 waterfalls. The path is well made but very wet

during the winter months.


quotemagic

72

"Live as if you were to die tomorrow.Learn as if you were to live forever."Mahatma Gandhi


planetsavers

Turn it off!think about things in your house that use electricity.Can you use less?

Be quick!sometimes your actions can

affect electricity use.

Drive SmartFind ways to save fuel.

Share a vehicle with friendUse public transport or use a bi-cycle

Go Green!Grow more trees.

Each one plant one every month


quotemagic

74

"Ships in harbour are safe,but that's not what ships are built for"


bookshelf

Seed Money In Action" has stood the test of time.

This forty year old little booklet has gone through

53 editions, sold 1,000,000 copies, and caused

40,000 people to write the authors and praise it.

The basic message is that as you give, you will

receive ten-fold in return. This ancient secret helped create

millionaires and billionaires throughout time, and still works

today.

There's a catch, of course. You have a give with a mind-set

of non-judgmental expectation. When you do, you're in the

flow. Most people who are broke are practicing the scarcity

principle, not the seed money principle.

Most people who are having money problems would never

even think of giving money away, let alone think of the proper

way to think AS they give money away. Yet that's the secret

prosperity in this famous booklet.

Seed Money In Action

Working the Law of Tenfold Return

by

Jon P. Speller, D.D.

Within the last fifty years many thousands of people have read John Hoshor's wonderful, SEED MONEY: THE LAW OF

TENFOLD RETURN AND HOW IT WORKS. They have grasped the scientific principle behind the Seed Money Formula and have successfully applied it in their daily lives to end their money troubles. Others have not, for various reasons. This

book is to help people get to prosperity, who didn't get it the first time.


Combination of Vastu, Fengshui and Interior can turn your house in a true home.

Vaastu Shree, Vaastu Visharad

Shri Naresh Singal,

Vaastu & Feng-Shui Consultant.

For any further queries on the

subject, readers can contact him

on [email protected]

vaastu


This is the time when most of the people planning

for renovation, reconstruction or construction.

They want to leave no stone unturned to make

their home ideal one. For this they think of to take

the help of interior designer, vastu and fengshui

expert. Off course they should. After all this is the matter of

their happiness, social status, and comfort. Vastu, Fengshui

and interior are three different techniques, but they all together

can best serve the purpose. Let’s discuss the role of all three

one by one.

Vastu- Makes your house a home

Vastu is the oldest science of construction. This is based on

the five basic elements a human being is believed to be made

of i.e. fire, water, wind, earth and sky. Only a vaastu expert

can tell you best that which type of land is best for a home,

factory, office, school, hospital or hotel. Vaastu consultant also

considers the magnetic field of the earth and cosmic energy.

On the basis of these vaastu rules and size of the land a vastu

consultant divide the land into nine parts and then suggest

which part is ideal for entrance, drawing room, bedroom,

kitchen, bathroom and toilet etc. Modern vaastu also have the

rules for balcony, guest room, guard room, servant quarter,

high rise buildings, studio apartments and commercial spaces.

According to vastu the eight cardinal directions i.e. east, west,

north, south, north-east, north-west, south-east, and south-

west represent some or other basic element or energy field.

This helps a vaastu consultant to decide the best use of that

direction. For example south-east is represented by fire, so

usually kitchen is suggested to construct in this direction,

whereas center of the house is advised to keep empty.

Negligence towards these vaastu rules can be result in poor

health, financial lose, disharmony among relation or some time

a serious vaastu defect can do irreparable damage in our life.

Fengshui-Harmonythroughsymbols

In such a busy and hectic life style it is almost impossible to re-

built or re-construct the house just to cease the vaastu defects.

There are many so-called vastu consultants who use to advise

to demolish the structure to cease the vaastu defect. I must say

that this a wrong practice which creates many misconception

for vaastu among common man rather helping anybody in

anyways. Though there are gadgets in vaastu which proves

quite useful remedies for vaastu defect, but fengshui is the

science which totally based on gadgets to harmonies a place.

Fengshui basics are co-related with vastu and interior. Its basic

principles are similar to vastu while its gadgets are also a part of

interior. Fengshui gadgets like Laughing Buddha, Wind Chime,

Crystal Ball, and Tortoise are uses to balance the energy of

a place whereas they are uses in decoration as well. Colors,

numbers and direction play vital role in fengshui. Fengshui

advise to use bright colors in children room whereas pink and

purple are advised to paint in the rooms of young girls.

Fengshui has the concept of male and female energy called

Yin and Yang energies. To achieve the peace, prosperity,

health, progress yin and yang energies must be harmonies.

Fengshui gadgets play vital role in harmonizing the yin and

yang energies. Even interior decorator believes that proper use

of vaastu and fengshui can do wonders.

Interior- The art of living

Interior is equally important for a house. When we use the term

‘interior’ it means that we are talking about decoration of a

particular place keeping rules of space management in mind.

A professional interior designer is that who decorate the space

as per the need, budget and lifestyle of the dwellers. Interior

decoration doesn’t mean to make the house museum with

costlier show-pieces. A true interior decorator can make the

small space equally beautiful.

In short interior can make your house comfortable as per your

needs and beautiful as per your taste but a vaastu and fengshui

consultant have the ability to make your house a home, where

your family can live in peace, harmony and happiness.


78

Walnuts and Heart Health An Ideal Snack!

Who would have thought there could be a connection between walnuts and heart health. Yet research shows that not only is there a strong connection between walnuts and

heart health but that this connection also benefits the endothelium, which lines and regulates your cardiovascular system.

“Twenty-eight grams of walnuts (an ounce) have more antioxidants than the sum of what the average person gets from fruits and vegetables.”

According to Dr. David Katz, director of the Yale University Prevention Research Center, “Studies show that walnuts improve cardiac risk factors and enhance blood flow.”

One study published by the American Heart Association journal showed a 64% improvement in a measurement of endothelial function when walnuts were substituted for other fats in a Mediterranean diet.

Walnuts contain a variety of nutrients including arginine, polyphenols, and omega-3s that support the inner arterial lining and guard against abnormal platelet aggregation. These favorable biological effects explain why walnut consumption confers

protection against coronary artery disease.

The US National Library of Medicine database contains no fewer than 35 peer-reviewed published papers supporting a claim that ingesting walnuts improves vascular health and may reduce heart attack risk.”

Given the above information it makes sense to use walnuts as a heart healthy snack. According to the U.S. Department of Agriculture an ounce of walnuts contains 185 calories, 4 grams of protein, nearly 2 grams of fiber, and 18 grams of “heart-healthy” fat.The most popular snack in America is potato chips. According to the Fat Secret website one ounce of potato chips contains 155 calories, 1.86 grams of protein, 1.2 grams of fiber, and 10.6 grams of fat.

Comparing the two snacks, walnuts are going to give you twice as much protein, almost twice as much fiber, and healthy fats that benefit cardiovascular health. Plus the extra protein and fiber will help to hold your appetite over a longer period of time. This will result in better energy and less hunger going into your next meal.

Implementing a nutrition program that nourishes and supports a healthy endothelium is critically important to your overall health and wellness.

healthy living


79

Your nutritional program needs to increase your endothelium’s ability to properly produce nitric oxide – the master signaling molecule of your entire cardiovascular system.

As the saying goes “an apple a day will keep the doctor away”. Well, maybe “an ounce of walnuts a day will keep the cardiovascular surgeon away!” Don’t minimize the value of walnuts and heart health. They could help reduce your risk for the number

one killer of men and women worldwide, which is cardiovascular disease.

ContributedbyR.Bedi–FitnessFreakDisclaimer: The views expressed in the article are solely of the author. The views are based on her on experiences, knowledge & interpretations & not necessarily based on formal research or education. Readers are advised to consult their physician before following any advice in the article.


"A few drops of your blood can help a life to bloom"

RSVPMahavir Sharma, Rajesh Walia, Subhash Sharma, Sunil Kumar, Davinder Kumar

softcorner


Come OneCome AII

Donate Blood

BLOOD DONATION CAMPOrganised by

PROPERTY CONSULTANTS ASSOCIATION (REGD.) CHANDIGARH

At (opp.) SCO No. 2417, Sector 22-C, Near Aroma Taxi Stand, Chandigarh

On 13th December 2013 (Friday)From 10.30 a.m. to 4.00 p.m

Mr. Ajay Gupta


Property & Wealth Dec Jan 2013 14

Documents

Transcript of Property & Wealth Dec Jan 2013 14