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November 2014

Brigade Group launches Customer Portal- a first by a Bangalore Developer

Bangalore,20th November 2014: Brigade Group announced the roll-out of its Customer Portal that allows its residential buyers to access details of the home they purchased. With the portal, a first by a Bangalore-based developer, customers of Brigade Group will be able to:

1.             Access their statement of accounts – dues, overdues, payment status and tracking of payments

2.             Access and upload their property-related documents

3.             Option to view  property papers and guidelines

4.             View status of construction of the property

5.             Raise queries online and track status of those

6.             View and edit profile information of the applicants

7.             Refer their friends and family to Brigade properties and track status

8.             Fill customer satisfaction surveys at various stages of project progress

9.             Keep abreast with news and events at Brigade Group

The portal has been rolled out to customers of one of its flagship projects, Brigade Exotica and will be gradually rolled out to customers of its other under-construction projects in the next couple of months.

Mr. Jaishankar, Chairman & Managing Director of Brigade Group said, “One of the biggest challenges home buyers face today is checking status updates of their home, keeping track of payments and getting responses from the developer on their queries. With the portal, we are aiming to make these a non-issue with home buyers.” Brigade has always been a company with many firsts to its credit since its inception in 1986. The customer portal now makes it the first Bangalore-based developer to have such an offering for its buyers.

The biggest affirmation of the need for the portal of course comes from its customers. “I was one of the first few customers to experience the customer portal that Brigade has developed. It provides a lot of visibility on all aspects of the overall project development and my transactions. I think this will be a big help for people on the move to stay in touch” says Mr. RudreshwarSen,owner of a Brigade Exotica apartment.

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For more information on Brigade Group visit BrigadeGroup.com

MIDTOWN STRUCTURES TODAY LAUNCH THE REAL ESTATE MANAGEMENT PROGRAM FOR THE FIRST TIME IN BANGALORE

Bangalore, 18th November 2014: Midtown Structures today launched the Real Estate Management program for graduates and post graduates at Indian Academy Group of Institutions, Bangalore. It is a first of its kind program to be launched in Bangalore. The program was launched by Mr. Shyam Kumar Mareddy, Managing Partner, Midtown Structures and Dr. Somsekhar, Chairman, Indian Academy. The complete program is sponsored by Midtown Structures as part of their CSR initiative under the Skill Development Programs designed by CEE for Midtown Structures.

Shyam Kumar Mareddy, Midtown Structures Lighting teh lamp at the launch of rela estate management program in Bangalore

Shyam Kumar mareddy, Dr. Som Singh and Dr. Somsekhar Launching the real estate management program.. (1)

The program is certified by Indian Academy, where interested students can enroll into the 12 weeks real estate skill development program. The program starts from 1st December 2014 with classes every weekend. Students successfully completing the program will get a work internship from Midtown Structures.

Midtown Structures with the support of Center for Entrepreneurial Excellence (CEE) has developed the entire curriculum for the program. With the ideology to create employ ability opportunities for students in various educational institutions in Bangalore CEE is bringing together industry bodies, educational institutes and segment leaders under one roof. CEE is a platform to enable and empower the next generation of employ ability and entrepreneurs. The skill development program will help to create professionals with core expertise at the college level itself so there is higher chance of employ ability.

Shyam Kumar Mareddy, Managing Partner, Midtown Structures addressing the students at the launch of real estate management program in Bangalore

Mr. Shyam Kumar Mareddy, Managing Partner, Midtown Structures said, “This is our way of giving back to the industry, People looking for a career in real estate finally have a chance to gain formal knowledge in the field and explore there opportunities. This program will helps us ensure that home buyers are given consistent, quality service that adheres to the highest ethics in the industry.”

Dr. Som Singh, Advocate CEE at the launch of real estate management program in Bangalore

Dr. Som Singh, Advocate, CEE said, “Education, Employ ability and Entrepreneurship are the three basic foundations CEE stands on. We believe that without these three pillars we can’t create sustainable growth in our Indian ecosystem. We need skilled resources across all industry verticals and this is double through skill based education which increases employ ability and thus leading way for upcoming entrepreneurs”.

The real estate management program includes; Development, design and construction which are offered for the first time in Bangalore and in conjunction with the Indian Academy. This program aims at skill development that will give real estate management students the opportunity to understand the basic business of real estate, the concept of supply and demand in real estate, property management, real estate finance, to evaluate short- and long-term strategies, consider innovative ideas in construction and development, and build connections with stakeholders, vendors and others are the prime focus of the management program.

The program provides future real estate executives with the finance and management skills to succeed in today’s challenging economy, and which equips the students with the knowledge and skills necessary to analyze development and investment opportunities in the current economic context. The faculties taking the lead in the program are from Jones Lang LaSalle. (JLL) Each batch will take in 50 aspiring students and will put them through valuable training for a stellar career in real estate. The goal is to create industry specific certification programs so there are more skilled resources to hire from and the cost for training at the corporate level starts reducing.

Esperienza 2014 – A study on Italian Design & Architecture Exhibition

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DQ labs is showcasing an exhibition “Esperienza 2014” on the 22ndand 23rd of November at Alliance Francaise. A Study tour by a team of 15 budding architects from India explored the cities of Rome, Vatican,Florence, Milan and Venice to observe and learn the different facets of Italian Design and Architecture. This study was a voluntary – non-profit collaboration between Indian and Italian Architects and was organised by DQ Labs. This team of student architects will share their learning through photographs, and audio visual media at the exhibition. Esperienza 2014 is an eccentric concoction of perspectives from students studying architecture as well as Indian and international designers and architects. This is a great opportunity for high school and pre-university students to interact with such forerunners in architecture and explore their career prospects in architecture. It also promises an exceptional experience for architecture and design enthusiasts to discover more vistas.

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Italy has long been recognised as being a worldwide trendsetter and leader in design. Italian architect Luigi Caccia Dominioni claims, “Quite simply, we are the best. Italians have historically had more imagination and culture, and are better mediators between the past and the future”. Today, Italy still exerts a vast influence on urban design, industrial design and fashion design worldwide. Italy’s iconic design has made the phrase “Made in Italy” something to be envied. As students of architecture, sharp observation and learning skills need to be developed in a structured manner. In collaboration with DQ Labs, the team has identified unique design elements present in those environments and the impact they bring about in the daily life of people.Esperienza 2014 has helped them identify the underlying culture, politics, technology, geography & sounds of Italy reflected in architectural structures, urban and industrial design elements. Inspired by this, the team will propose a brand new design element adapted to the Indian context to make the lives of Indians simple and efficient.

The other highlights of Esperienza 2014 include exhibits of visits to various exhibitions, museums and buildings of architectural significance like the 14th La Biennale Architecture exposition at Venice with representation from over 60 countries, the Fiera di Milano by Ar. Massimiliano Fuksas & MAXXI Museum by Zaha Hadid, and the First Indian Delegation to visit the new Opera di Firenze, the location of Italy’s Maggio Musicale Festival conducted by Mr. Zubin Mehta. It would also include an interaction with Award winning architects, and council of Architects & Architecture Faculty from Architecture Schools.

Esperienza 2014 will also petition for India’s representation at the 15th La Biennale International Architecture exposition which takes place at Venice and is one of the most globally significant architectural events. Despite having outstanding architectural heritage and brilliant talent, India has never participated in the event so far, and it is against this backdrop that DQ Labs is initiating an effort to get India’s participation to showcase its architectural visions and representations during the next La Biennale exhibition.

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 Venue: Alliance Française De Bangalore, PO 108, Thimmaiah Road, Opp. UNI Building, Vasanthnagar, Bangalore – 5600052 Phone numbers: (080) 40808181/ 4123 1345

Date: November 22nd and 23rd, 2014 Time: 10 AM to 8 PM Contact Mr. Umesh Kumar G L – +91-95381-66739/ Email:Umesh.gl@dqlabs.in

Alembic Group Forays into Real Estate Business in Bengaluru

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Bengaluru, India, November 14, 2014:  Alchemy Real Estate, Real estate arm of the 107-year-old Alembic Group of companies today announced its foray into the Bengaluru Real Estate market with the launch of ‘Urban Forest’, its first project in Whitefield, Bengaluru. Alchemy Real Estate will now carry forward Alembic Group’s legacy of uncompromising quality and intelligent design into the fast-growing metropolis, one of India’s most vibrant and pulsating cities.

‘Transforming Modern Living’ in the city through its Experienced Engineering, Financial & Management Stability, and Asset Base Operations, Alchemy Real Estate endeavors to create inspiring places to work, live and explore across the length and breadth of India. Alchemy’s leadership team leverages the expertise of the Alembic Group that has developed over 10 million sq. ft. of land including integrated residential townships, schools, industrial plants, commercial offices and hospitals. The Group’s backing ensures smoother cash flows and professional execution while the extensive land banks it owns guarantee clear ownership titles and paperwork.

Mr. Udit Amin, President of Alembic Group addressing media at the launch press conference of their first real estate project Urban Forest in Bengaluru

Speaking about its foray into Bengaluru, Mr. Udit Amin, President, Alembic said, Alchemy Real Estate is proud to make a foray into Bengaluru, a beautiful city that offers countless exciting opportunities for sustainable growth and development. In a span of 3 years since our inception, we have been able to help transform living experiences through uncompromising quality, architectural excellence and intelligent design and look forward to doing the same in Bengaluru in the years to come.

Syndicate Bank launches “SyndKuteer”, Housing Loan Scheme for Economically Weaker Section ( EWS) and Low Income Group ( LIG) Beneficiaries

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Nationalized SyndicateBank has launched an unique Housing Loan scheme “SyndKuteer” for Economically Weaker Section (EWS) and Low Income Group (LIG) beneficiaries to commemorate the Foundation Day of the Bank.

The scheme aims to cater to the Housing needs of EWS and LIG beneficiaries, whose annual income does not exceed Rs 2.00 Lakh per annum. While EWS beneficiaries get Housing Loans up to Rs 5.00 Lakh, LIG beneficiaries get Housing Loans up to Rs 10.00 Lakh.

The loan is sanctioned at Base Rate (Presently 10.25%) and no surety is required. Processing, Documentation and Mortgage charges are fully waived and legal charges will be borne by the Bank. The loan can be repaid in a maximum period of 30 years. Under the scheme, the house shall mandatorily have provision for toilet and the Bank will also extended loan for installation of Solar Lightings, besides providing financial assistance to the household to take up economic activities to augment family income. The beneficiaries will be given free training, if required from SIRD or RUDSETI for skill development.

Kutchina Bags “The Most Promising Brand” award

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Bangalore, 06th   November ’14   Kutchina, the pioneer in auto clean chimneys and the leaders in the kitchen appliances segment, has been recognized as “India’s Most Promising Brand” 2013-2014. Today Kutchina is the name that springs to mind when one thinks of self cleaning kitchen. Kutchina is the first to have introduced auto clean technology, making contemporary Indian cooking a lifestyle experience.

The autoclean technology created a revolution in the Indian kitchen scenario and a customer base who themselves became the brand ambassadors. The goodwill of the products helped Kutchina to reach the pinnacle of success. Product innovation, addressing consumer along with a seamless delivery and installation system has helped Kutchina delight consumers.

Awarded by WCRC (World Consulting & Research Corporation), the award for the Most Promising Brand is given on the parameters of growth of the company in the last few years, innovative marketing techniques, product innovations and brand recall.

Kutchina has over the years created milestones which stood by during the selection of the winner for the category. Present across the nation, the company’s growth chart has increased leaps and bounds over the last decade and is now a household name. The leading kitchen appliances maker provides energy efficient products which are known for their low maintenance features. The brand is equipped with a state-of- the-art R & D centre which explores international cooking technologies from different countries across the globe to suit the needs of the Indian customers.

Brand Kutchina has a comprehensive range for any kitchen with – hobs, chimneys, a range of water purifiers, induction cookers, cook tops & modular kitchens and other kitchen accessories. From a turnover of Rs 1 Crore to Rs 100 crore has been quite a leap and it has been only possible with the mastermind of the 1st Generation Entrepreneur, a real visionary Mr. Namit Bajoria.

Speaking on the occasion, Mr. Namit Bajoria, Director, Kutchina, said, “We are honored to be awarded the most promising brand in India for our category. This is a result of our hard work, robust growth and the dedication that each of us puts in our work and we look forward to many more of such recognition in years to come”.

Wienerberger introduces sustainable “Smart Brick Solutions” in India

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Bangalore, November 6, 2014 –Wienerberger AG, the World’s largest brick manufacturer headquartered in Vienna, Austria, launched the ‘Smart Brick Solutions’ here today. The Smart Brick Solution includes the all-new Porotherm Vertically Perforated interlocking ‘Tongue and Groove’ (VP T&G) clay bricks. In combination with super glue named DRYFIX System, which ensures faster construction and optimizes the use of natural resources, it is actually the strongest brick in the market. The launch of this new product line reemphasizes Wienerberger’s commitment to focus on innovative products that are relevant to the prevailing market conditions.

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Brigade Enterprises Ltd sees 191% growth in Q2 of FY 2014-15

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Bangalore, November 5, 2014: Bangalore-based real estate major Brigade Enterprises Ltd’s net profit for the second quarter of the financial year 2014-15 has shown a 191% growth to Rs 215 million, up from Rs 74 million recorded during the immediately preceding quarter  of the current  fiscal. The Board of Directors of Brigade Enterprises Ltd. met on November 4thand approved the financial results for  Q2 FY 2014-15.

Commenting on the company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited,said that a combination of sales from ongoing projects and new projects that have come for revenue recognition in this quarter contributed to the growth in revenues in the residential segment. “A stable government at the centre and improving business environment has revived the consumer sentiment in the country. We are pleased to report significant growth during this Quarter. Q2 has been very good for Brigade Enterprises Limited and the company is well positioned to leverage its performance with planned launches of about 6 mn sq.ft within the next 2 quarters.”

For the second quarter ended September 30, 2014, the company recorded total revenues of Rs 3,292 million, up about 100% from the previous Quarter.

Further, Unrecognized Revenue on sold units in the Ongoing Real Estate projects stood at Rs. 17,677 million, which will get reflected in the coming quarters.

Robust residential sales

Q2 FY 2014-15 witnessed robust sales. Real Estate Space aggregating to about 0.8 million sq. ft., valued at Rs. 4,087 million was sold during the second quarter ended 30th September, 2014. The Annual Brigade Showcase event , where customers got to choose from a wide array of projects including ready-to-occupy homes, those nearing completion, ongoing and the ones that have just been launched was very successful. These projects included value homes, luxury apartments, premium residential enclaves, retirement homes and villas.

Significant Developments during the quarter

Ø      Brigade Orchards – Cedar & Deodar, with aggregate area of 1.5 mn sq. ft. and Holiday Inn Express Hotel with 0.2 mn sq. ft were launched.

Ø      CRISIL has assigned a Long Term Debt Rating of “A” for the company which is amongst the highest in the industry

 Ø      CRISIL Independent Equity Research has assigned Brigade Group a fundamental grade of 4 out of 5 and valuation grade of 5 out of 5

Ø      ICRA Equity Research has assigned Brigade Group a fundamental grade of 4 out of 5 and valuation grade of “A”

Ø      Brigade Group and GIC- through its affiliate company (Singapore’s sovereign wealth fund), entered in to an MoU , to jointly invest up to Rs. 1,500 crores in residential and mixed-use developments in select cities of South India. The Joint Venture aims to acquire land for residential and mixed-use developments.

Ø      Brigade Group will be launching 1.1 million. sq. ft. of Commercial, Residential, Retailand Hotel projects in GIFT City, Gujarat in the near future.

Financial Highlights

Quarterly performance on a Q-o-Q basis (Q2 vs Q1 of FY 2014-15)

  • Total Revenues stood at Rs. 3,292 million vis-a-vis  Rs. 1,682 million, an increase of about 100 %.
  • EBITDA stood at Rs. 927 million vis-a-vis to Rs. 595 million, an increase of 56%.
  • EBITDA margin stood at 28% vis-a-vis 36%.
  • PAT stood at Rs. 215 million vis-a-vis Rs. 74 million.
  • EPS was Rs. 1.92 /- per share vis-a-vis  Rs. 0.66/- per share.

 Quarterly performance on a Y-o-Y basis (Q2 of FY 2014-15 vs Q2 of FY 2013-14)

  • Total Revenues stood at Rs. 3,292 million vis-a-vis  Rs. 1,808 million, an increase of 82%.
  • EBITDA stood at Rs. 927 million vis-a-vis to Rs. 667 million, an increase of 39%.
  • EBITDA margin stood at 28% vis-a-vis 37%.
  • PAT stood at Rs. 215 million vis-a-vis Rs. 190 million.
  • EPS was Rs. 1.92 /- per share vis-a-vis  Rs. 1.69/- per share

 Operational Performance and Future Outlook

  • Real Estate Space aggregating to 0.8 million sq. ft., with value of Rs. 4,087 million, was sold during the second quarter ended 30th September, 2014.
  • Lease Rental and Hospitality segments contributed Rs. 434 million  and Rs. 284 million respectively to the revenues for the second  quarter ended 30th September, 2014.
  • Debt equity Ratio of the Company was at 0.68 : 1.  Over 50% of the debt is towards Office, Retail and Hospitality assets which are income yielding assets to service their debts.
  • Launched 1.05 million sq. ft of Residential space in Bangalore during the second quarter ended 30th September, 2014.
  • Launched 0.17 million sq. ft of Hospitality space in Bangalore during the second quarter ended 30th September, 2014.
  • Plan to Launch about 6 million sq. ft. during Q3 and Q4 of FY 2014-15 across all segments.

 Awards & Recognition

Brigade Crescent and Brigade Horizon won awards at the 3rd Annual Silicon India Bangalore Real Estate Awards 2014. Brigade Crescent won the   ‘Ultra luxury Apartment Project of The Year’ in CBD, Bangalore and Brigade Horizon won the ‘Luxury Apartment Project of The Year’, Mysore.

   Brigade Group won 5 Awards at the  6th REALTY PLUS EXCELLENCE AWARDS 2014  for the following categories:

World Trade Centre Bangalore @ Brigade Gateway- Commercial Property of the Year

Brigade Group for Brigade Magnum-Developer of the Year – Commercial

Brigade Lakefront for ‘WALK’-Innovative Marketing Concept of the Year

Brigade Lakefront for’ WALK’-OOH Marketing campaign of the year      

Brigade Lakefront for ‘WALK’- Print campaign of the year

   Brigade Rubix has been awarded the “Best Architectural Design – Commercial” at the National Real Estate Development Council (NAREDCO) Awards 2014.      Mr. Jaishankar was conferred the ‘Construction Week India Hall of Fame’ Award in recognition of his extraordinary work in the real estate sector.

 For more details about the Brigade Group, log on towww.BrigadeGroup.com or contact us atinvestors@brigadegroup.com

National Finalists of Archumen 2014 -15 and Archumen Pro October 31st, 2014

Dayanand Sagar school of Architecture walks away with the Championship

Mr.Manoj Lohia of Merino and Ar.Nitin Saolapurkar with the Archumen Pro Champions - Nagappan from Kalpavriksha Architects Trichy and Rahul from Synergy Ltd Bangalore

The Southern Interface of Archumen 1415 and The Grand Finale by Roca and Ethos was held at The Capitol Hotel, Raj Bhavan Road, Bengaluru on Friday, the 31st of October, 2014 and Shashank P S and Chinmay from Dayanand Sagar School of Architecture, Bangalore became the National Champions. Akshay Marsute and Amol Mankeekar from PVPCoA, Pune were the first runners up and Joseph Emmanuel and I Krishna from JNAFAU, Hyderabad were the second runners up. Colleges that went to the final of Archumen –  IIT Kharagpur, BIT Mesra, MNIT Jaipur, Surya School of Architecture Patiala, PVPCoA Pune, APIED Vallabh Vidyanagar, Dayanand Sagar School of Architecture Bangalore, JNAFAU Hyderabad

 The Prize money for the National Champions was Rs.25000/-; that for the first runners-up, Rs.15000/- and Rs.10000 for the second runners-up.

Archumen Pro Finalists  by Merino and Ethos were Kiran Kumar from Hundred Hands and Madhuri Rao Centre for Vernacular Architecture, Anand Kumar and Kajal Gupta from Studio Motley Bangalore, Deepa Suriyaprakash and Chandrakanth G M from Between Lines Bangalore Vijay Anand from RVA Architecture Madurai and Sivaraman from Auro Service Pondicherry, Gayathri Shetty from GNA Bangalore and Soumitro Ghosh from Mathew & Ghosh Bangalore and Nagappan from Kalpavriksha Architects Trichy and Rahul from Synergy Ltd Bangalore

Champions – Nagappan from Kalpavriksha Architects Trichy and Rahul from Synergy Ltd Bangalore 

Second – Vijay Anand from RVA Architecture Madurai and Sivaraman from Auro Service Pondicherry Third – Deepa Suriyaprakash and Chandrakanth G M from Between Lines Bangalore Hope this is sufficient.

The Prize money for the Archumen Pro winners was Rs. 35000 and two computer chairs.

A book authored by Ar.Gita Balakrishnan, founder of Ethos and Ankon Mitra who was the first champion of Archumen in 2003, aptly titledArchumen:Questioning Architecture was launched on this occasion. The book thematically brings together and probes deeper into some of the questions asked over the years, raising many issues and urging the reader to think and make choices. Ethos, founded by Gita Balakrishnan – a Kolkata-based architect, is an organisation that has been building awareness on our built environment among the students of architecture and civil engineering from colleges all over India. The event was well attended by many students and architecture professionals and made the event very interesting with so much support from the audience.

Mr.Pau Abello, MD Roca, Ar.Gayatrhi Shetty and Ar.Sudhakar Pai handing over the awards to the National Champions Shashank P.S. and Chinmay of Dayanand Sagar School of Architecture, Banglaore (1)

 More details: www.ethosindia.in or  email gita@ethosindia.in Contact: Gita @ 09831175272

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