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February 2015

Dubai to House Rainforest

AKOYA Oxygen

Dubai, United Arab Emirates: For Immediate Release: 25th February 2015. Dubai is set to become home to the Middle East’s first tropical Rainforest, as the Emirate continues its drive to attract tourism from all over the world.

The tropical ecosystem has been announced by leading luxury developer DAMAC Properties. The educational and cultural dome will be housed within the company’s AKOYA Oxygen master development community as one of the premium attractions within an expansive retail and entertainment zone.

The Dubai Rainforest will be completed ahead of the World Expo 2020 taking place in the Emirate, and will become a key attraction within Dubai’s integrated tourism plans. The project will join attractions such as the varied theme parks coming on-line, in addition to the world’s tallest fountain, the Palm Jumeirah, the Dubai Eye and the Dubai Aquarium as Dubai looks to welcome at least 20 million tourists a year by 2020.

“Dubai is known around the world for attracting the biggest and best and the Dubai Rainforest joins that list of unique attractions which will support the growth of the city,” said Ziad El Chaar, Managing Director, DAMAC Properties. “The Dubai Rainforest will fit perfectly into the ethos of AKOYA Oxygen – the greenest community in Dubai – and provide a new space for education and cultural events which will raise awareness of this exciting ecosystem.”

The Dubai Rainforest will sit adjacent to the Trump World Golf Clubhouse, part of an open-air walkway of high-end retail and entertainment offering, for residents and visitors to the AKOYA by DAMAC community.

AKOYA Oxygen is one of the most talked about master plans currently under development in Dubai. Spread across 55 million sq ft within Dubailand, AKOYA Oxygen will be a peaceful retreat from the hustle and bustle of the city. The second phase of the project is currently available for investment, with villas and townhouses available within the green environment. The project is set around the Trump World Golf Club, Dubai – an 18-hole Championship-standard golf course, which is under design by world-famous golfer, Tiger Woods and will be managed by the Trump Organisation.

The retail and entertainment centre will be the fulcrum of the AKOYA Oxygen development, housing the golf course clubhouse, the Dubai Rainforest and a selection of retail and restaurant outlets.

The Dubai Rainforest will recreate the natural environment experienced in the heart of the deepest rainforests, which cover 6% of the earth’s surface. The tall, dense jungle environment will be fully recreated with many plants species integrated into the iconic dome structure. DAMAC Properties will ensure the integrity of the project is a natural representation of the environment through collaborations with leading Amazonian rainforest experts.

“The Dubai Rainforest will be a tropical wonderland, which tourists, residents and school groups can immerse themselves in and inspire a new generation,” added El Chaar.

Visitors will be taken on a journey through the jungle, starting out on the ground level, before climbing into the canopy, learning about the flora and fauna throughout the habitat. Those with a thrill for heights will be able to fly through the treetops on a zip wire offering stunning bird’s eye views of the environment. Those with a more serene temperament will be able to laze back within the peaceful surrounds of the Rainforest spa, offering hydrothermal treatments among the rock pools and steam baths.

The Dubai Rainforest will also incorporate all of the latest outdoor and exploration equipment with a natural-looking rock face climbing wall set within the abundant nature.

The Dubai Rainforest will also be opened to the true romantics, looking for a very unique wedding environment. Couples will be able to exchange vows in a beautiful Rainforest clearing, followed by a sumptuous feast with the wedding party.

As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.

Further information is available at www.damacproperties.com

Budget Response

 Mr.Suresh Hari, Secretary, CREDAI Bangalore

Mr Suresh Hari, Secretary, CREDAI Bengaluru

The Budget is exciting and needs to be studied in depth.  But overall there is a clear approach on infrastructure and growth.  As far as the realty sector is concerned the following announcement encourages and helps the sector:

  • Skill Mission enhancement,- which will bring in enhanced skilled work force.
  • Regulatory reform for infrastructure,
  • Single window clearance-
  • Increase in allocation of infrastructure fund,
  • Road outlay, Rural & Urban housing,
  • Rationalized Capital Gains Regime For REITs/InvITs
  • Wealth tax abolition-
  • Corporate tax reduction in a phased manner
  • Tightened Reporting Of Cash Transactions and
  • Reduced customs duty on 22 items

Some of the issues that are not addressed or not clear are:

  • GST roll out. The delay will put certain impediment on individual state taxes, since there are challenges at present.
  • Clear policy on Smart Cities.
  • Excise duty increase, which will increase cost of inputs.
  • Increase of service tax rate to 14% from 12.36%- The sector is looking for relief from this tax.
  • There seems to be a good approach to the overall economy.  The Real estate sector benefits from all budget related activity and 2015 looks very promising.​

MRJaishankar

Mr.M.R Jaishankar, CMD, Brigade Group

It is a good growth oriented budget, with special emphasis on infrastructure, Swacch Bharat, introduction of pension schemes, curbing black money & improving ease of doing business. But as far as Housing industry is concerned, there is no special encouragement inspite of ‘Housing for All’ vision. To that extent for our industry, the budget is disappointing.

Regus opens its 50th India Centre in Bengaluru

310-57507BOC HP

Bengaluru, 24th February 2015: Regus, the Global workplace provider, has launched of their 50th centre in Bangaluru, India, at RMZ Infinity Property Old Madras Road.

Speaking on the occasion Harish Lambah – country manager for Ragus India said, ”this is a big year for Ragus in India especially since we have strategic development plans for the country. We are looking at expanding in cities like Bengaluru since we see huge growth opportunities here. This may largely be attributed to the fact that the city is home to some of the biggest BPO’s, IT Companies and MNC’s in the country. The need for flexibility and smarter workplace is always a lot more when you have to work at odd hours with colleagues in other parts of the world. This growing demand for smarter  alternate office spaces and flexible work hours will play a key role in our future expansion plans for Bengaluru.”

Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange, for more info visit http://www.ragus.co.in

CommonFloor Introduces Virtual Reality for consumers in Real Estate

Mr._Sumit_Jain,_Co-Founder_&_CEO,_CommonFloor.com__intro  duces CommonFloor Retina, world's first virtual reality innovation_in_real_estate

Bangalore, February 24th, 2015: CommonFloor.com, India’s leading online real estate platform introduces CommonFloor Retina, world’s first virtual reality innovation in real estate that is available to the masses. This technological breakthrough offers ‘real’ property experience for the seekers allowing them to view/review/assess multiple properties from anywhere at any point of time.

Commenting on the launch of the biggest technological innovations witnessed by the real estate world, Sumit Jain, Co-founder & CEO, CommonFloor.com, said, “As a new-age online realty player, technology and innovation are part of our core DNA. Property buying demands huge time and financial investment by the buyer and it is our constant endeavour to create tools and technology that makes property search easy for the consumer and gives them a wow experience. CommonFloor Retina is a result of one such quest that adapts technology smartly to the consumer’s advantage.”

How does CommonFloor Retina work?

Install the CommonFloor Retina application on your android phone

Launch the App and insert the phone inside CF Retina headgear

Experience the property through virtual reality

Please visit www.commonfloor.com/retina

and

https://www.youtube.com/watch?v=GXfGamLUr-Q&feature=youtu..be for more information

 

Lalit Mangal, Co-founder and CTO, CommonFloor.com said, “We believe in making strategic investments in building cutting edge technology. This product is pegged to be a game changer in the real estate industry in India and globally. We will work closely with the builder community to scale-up the number of projects listed, thereby helping property buyers to choose from as many projects that may want to visit.”

JC Sharma, Vice Chairman and Managing Director, Sobha Limited, “CommonFloor has been instrumental in transforming the way we view properties. Their latest introduction, CommonFloor Retina is indeed commendable. This state-of-the-art technology product will enable our customers to take a virtual tour of the property they wish to see in the comfort of their home. It allows them to experience both the interiors and exteriors of the property in an interesting manner and saves a lot of time, especially if one need to choose between several properties.”

CommonFloor Retina - Image 1

To use CommonFloor Retina, a user simply needs to sport the headgear to experience virtual tour of the property of his/her choice. This offers buyers an unforgettable experience and insights about the property from the perspective of space and ambience among other features.

CREDAI puts forth pre-Budget charter before CM

CREDAI-Logo

Bangalore, February 23, 2015: CREDAI Karnataka met the Karnataka Chief Minister Mr Siddaramaiah recently in response to the invitation from the State Government for a pre-budget interaction with various Industry bodies, to present the industry body’s pre-Budget charter to the government. The meeting was chaired by Hon’ble Chief Minister Siddaramaiah.

The CREDAI delegation, which met the CM, was led by Mr Nagaraj Reddy, President – CREDAI Karnataka, Mr C.N. Govindaraju, President – CREDAI Bengaluru, Mr Suresh Hari, Secretary – CREDAI Bengaluru, Mr Anil Nayak, CEO – CREDAI Bengaluru, and also included a few member builders.

The meeting was also attended by the State revenue department officials including the Inspector General of Revenue – Stamps.

According to Mr Suresh Hari, the main submission to the CM was regarding stamp duty being levied on joint development agreement. “Due to high stamp duty on this instrument without any cap on maximum, which was there earlier, it is becoming more and more difficult to do projects on joint development. We have requested the Hon’ble CM to bring back the cap on maximum so that more projects can be done with the available resources,” he explained.

Pre-Budget charter

The CREDAI delegation also requested the Chief Minister to have proper checks and balances in place to protect customers from being cheated by unscrupulous elements on multiple registration. “We have also requested that the sub-registrar’s office be modernised with better facilities for both customers and officials, and better working condition. Overall, we have requested the Hon’ble CM to look into the multiple taxations on the real estate sector which is ultimately borne by the buyers,” added Mr Suresh Hari.

He said that the Hon’ble CM was requested to facilitate meeting with various departments on a round table discussion to address issues affecting the real estate industry. “After hearing to the representation, the CM assured us that he will look into the charter and do his best,” he added.

‘Brigade Mega Home fest’ – 3 Great offers, 9 best days and 22 Brigade Properties

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Bangalore, February 20, 2015: Brigade Group announced a unique home-buying festival across all its residential properties from February 20th  to 28th, 2015.

The ‘Brigade Mega Homefest’ is specifically planned to occur every year around mid-February. Brigade Mega Homefest is specially packaged to help those who are planning to buy homes but have delayed the purchase for want of funds during this time of the year.

Brigade Group has partnered with various banks to ensure a unique proposition is offered to the customer. During these 9 days, for many of Brigade’s properties, customers can book the project by paying just 15% of the property value and then not worry about paying anything to either Brigade Group or the bank till 2016.

Attractive price offers are also offered on some other projects. Apart from these two offers, all home buyers will get gold vouchers with every booking across 22 Brigade properties during this period.

Continuing with the efforts to enhance the online home buying experience, Brigade Group has also upgraded its home-buying platform, where all the information that a customer would want to make a home-buying decision online is being presented in an intuitive manner.

This platform, which was launched last year, simulates online the same experience as what the customer would have experienced if they had to visit the project sites. This platform ensures that those customers who cannot visit the projects in person, but still want to avail the limited period offers get to make a very informed decision by not stepping out.

The features of this platform include neighbourhood mapping, comparing projects, interactive plans and ability to book online with a token payment of just Rs.19,999.

 Visit Experience Center , WTC, Malleshwaram. To know more about this please call Mr.Mathew Abraham – 080-40467600 or visit Bookonline.brigadegroup.com

‘Young Achiever Award’

K V Satish Award Photo - ABP News Young Achiever Award -  13-02-2015

DS Max Properties Pvt Ltd, Chairman and Managing Director Dr.K.V.Satish has been awarded with All India level ‘Young Achiever Award’ in the Real Estate Category for his remarkable achievement in the Real Estate Sector of India. The award was presented to him by Mr.Anuj Puri, Head of Global Real Estate Firm JLL in India, on 13-02-2015 at Hotel Taj Lands End, Mumbai. This event was organized by  ABP News national  Channel.  This is part of several awards which Dr.K.V.Satish has received in this young but illustrious career.

Dr. K. V. Satish is a First Generation Entrepreneur who is from a middle class family with no prior business experience.  He always had a strong feeling to start his own business venture and through that help others by giving employment and also giving quality homes to middle class people  with this vision he formed team of 1200 young staff and given them career. Hence he founded DS Max Properties Pvt Ltd in 2007 after gaining sufficient experience in his earlier real estate ventures. He is the Chairman and Managing Director of the Company. He holds a Masters Degree in Business Administration from Mysore University. He has totally 9 years of experience in Real Estate Development. He is actively involved and takes care of Strategy, Planning and Growth of the company. He is also bestowed with several National and International Awards like ‘The Great Son of Karnataka Award’ ,  Doctor of Honours from  Srilankan University,  Bharat Gaurav National Award  etc.  He also plays the role of Mentor in the company like grooming and guiding young upcoming talents in the company and hand holding them till they are ready for bigger roles in the company.  Now the company  current valuation comes to  approximately Rs.1000 crs and  heading towards upper heights.

This journey was not easy and Dr.Satish had to sacrifice a lot in his young age to set up this business and faced lot of difficulties to achieve  this. However he did not compromise with his aim and discipline and he pursued his goals and objectives with dedication. His vision is to see that every single Indian should have a home of his own. This perfectly tallies with the vision of our current able Prime Minister of India Mr.Narendra Modi.

He is also involved and guides the charity works of the company through its 2 charity arms Aashra Foundation and KVS Fans Charitable Trust.

Richa Industries Limited Receives Rs. 26 Crore order from Bihar State Building Construction Corporation Ltd

Richa-Industries-Limited-300x65

New Delhi,  17 February 2015: Richa Industries Limited, a leading Construction & Engineering company has secured an order for its PEB division approximately worth INR 260 million from Bihar State Building Construction Corporation Ltd (BSBCCL) to construct Warehouses at different locations in the state of Bihar.

The Project involves the construction of seven Warehouses with the capacity of 5000 MT each at the location of Bhagalpur, Munger, Lakhisarai, Sheikhpura, Jamui Begusarai and Khagaria. The complete scope of work entails Engineering Design, Fabrication, Shipment, Erection and Commissioning of  the building. Richa has to complete the project in 10 months.

Commenting on this, Dr. Sandeep Gupta, Joint Managing Director, Richa Industries Limited says, “We are happy to receive this order from Bihar State Building Construction Corporation Ltd., one of the reputed company of Bihar. After receiving the order from BSWC, this is the second order that Richa has acquired in Bihar for constructing Warehouses. We are glad to receive orders from such clients as this indicates customers’ trust on our capabilities and expertise in Pre Engineered Buildings.

Häfele launches Zara E Shop in Noida

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Häfele, the world leader in architectural hardware, furniture and kitchen fittings launches its exclusive Häfele Zara E Shop in Noida; Häfele is one of the latest destination and one Stop shop for complete interior fittings solutions and designs. Located at F-14 sector 9 in Noida, the exclusive Häfele Zara E Shop displays its acclaimed range of innovative products that have inspired architects and interior contractors across the world.

With Exclusive franchises in India, Bhutan, Sri Lanka and Bangladesh, the German company Häfele’s new Zara E Shop in Noida offers a wide range of interior fitting solutions that matches individual tastes and meets specific requirements while providing the latest innovations from the world over.

The new Häfele Zara E Shop in Noida will feature not just the complete range of architects and Interior Fittings solutions but will also host kitchen appliances, lighting and sanitary from the house of Häfele. The Häfele Zara E Shop will enable customers to touch and feel the fittings in application before purchasing them. It will also give customers a complete overview and enable them to make an informed decision as to which fittings will best suit their individual taste.

Commenting on the new Häfele Zara E Shop in Noida, Mr. Atul Borkar, Sales Director, Häfele India Pvt. Ltd says, “With the launch of Zara E Shop, Häfele aims at bringing internationally acclaimed and innovative hardware and kitchen fitting solutions to Noida. At The Zara E Shop with Häfele, our customers will get a unique opportunity to meet our in-house team of experts and learn the magic mantra for turning a dream home into reality. All Häfele products stand for quality and design keeping their functionality at the top of the mind. Come and enjoy the experience.”

                                                                   Address: Zara E Shop, F-14 Sector 9, Noida – 201301, Uttar Pradesh

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