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May 2015

Namma Bengaluru Foundation organizes Chellakere Kere Habba 2015

Chellakere Lake

Bengaluru, May 23, 2015: In a bid to encourage the revival of the neglected Chellakere Lake in HRBR Layout, Namma Bengaluru Foundation (NBF) in association with Citizen Welfare Association organized the fourth edition of Kere Habba at Chellakere Lake.The Chief Guests for the event were Shri Vamanacharya, Chairman, KSPCB, Shri MC Ramesh, Environment Engineer, KSPCB and Shri Sridhar Pabbisetty, CEO, Namma Bengaluru Foundation.

(L-R)- Sridhar Pabbisetty, CEO, NBF, Vamanacharya, Chairman, KSPCB, Madhuri Subbarao, Member, Friends of Lake, Rajshekhar, President, North East Residents Welfare Association

Kere Habba was envisaged as a series of lake festival with events bringing people together for fun, entertainment, environmental concern, community participation and awareness of local lake issues. The objective of this celebration is to encourage people to connect with their surroundings, explore and participate in preserving it and become a stakeholder in keeping it alive. The event included painting competition, cooking competition, bird photography, nature walk, Origami, games, etc.

(L-R) Sridhar Pabbisetty, CEO, Namma Bengaluru Foundation, Vamanacharya, Chairman, KSPCB, MC Ramesh, Environment Engineer, KSPCB and Jude Ferrao, President, Citizen Welfare Association

As part of the series, NBF will conduct Kere Habba for a period of five years from 2015-2019, covering 12 lakes every year and reaching to a total of 60 lakes at the end of 2019.

A young enthusiast with his culinary creation at the Chellakere Kere Habba

Appreciating the efforts of the community to preserve Bengaluru lakes, Mr. Rajeev Chandrasekhar, Member of Parliament said, “The Kere Habba is a perfect example of citizen action and community initiative, coming together to reclaim and protect city’s dying natural heritage. Working on these lakes is also a way of recapturing the history and tradition of Bengaluru. The Habba gives people a chance to take responsibility and protect lakes and is encouraging to see community and neighbourhood collaborating to restore, rejuvenate and protect lakes of Bengaluru. Rising pollution in Bengaluru’s lakes, as was evinced recently in Varthur Lake, is a strong motivator for us citizens to clean up our lakes on a war footing. The initiatives and activities of the Habba will be important efforts that will raise awareness among citizens, to ensure each one of us take small steps towards a greener, cleaner future for our children”.

Children participating in the painting competition at the Chellakere Kere Habba

“The lake was home to the many migratory birds in the past. However, the lake has lost its charm and now lies in shambles. The rich flora and fauna which once surrounded the lake is slowly disintegrating as the lake and its surroundings are perishing. Today, the lake lies between overgrown weed and heaps of garbage. We need to draw the government’s attention to the dying lake and work together towards restoring the natural body. We hope that the Kere Habba takes us one step closer to achieving the change we wish the lake to see”, said Shri Jude Ferrao, President, Citizen Welfare Association.

Particpants for the cooking competition at the Chellakere Kere Habba

Bangalore hosts first ever 16-city Design Tour of World Architecture Festival in India Greenply Industries Limited in collaboration with Hyderabad Design Forum bring the international festival for the first time in India to showcase the best in global architectural designs Design tour brings to the city of Bangalore, a kaleidoscope of over 350 best architectural marvels from 65 countries of the world

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Bangalore, 22nd May, 2015: The first-ever 16-city Design tour of World Architecture Festival (WAF), the globally known, premier architectural event entered its ninth leg with the design tour in Bangalore. After a successful inauguration at Jaipur and gathering accolades in Chandigarh, Indore, Delhi, Mumbai, Pune, Ahmedabad and Kochi the Design Tour of WAF was held in Bangalore on 22nd –23rd May May, 2015 at  the Builders NGV Club, Koramangala. The architecture exhibition gave architects, students of architecture and other visitors an opportunity to witness the best in world architecture. From here the tour will continue its journey across 6 more Indian cities.

The WAF Design Tour provided  a never-before platform for practising and aspiring architects and interior designers to witness glimpses of over 350 best architectural marvels from 65 countries of the world which includes the World Building of the Year 2014.

The event witnessed participation of leading architects viz.  Ar. Ramesh Joshi, Ar. Kiran Mistry, Ar. Tilak Thomas, Ar. Rudresh K V,  Ar. Anup Naik, Ar. Leena Kumar, Ar. Moin Haris, Ar. Y. Ramamurthy, President, Hyderabad Design Forum, Ar. N. V. Subba Rao, Treasurer, Hyderabad Design Forum along with Mr. Kamal . K. Mishra, VP and Head Marketing, Greenply Industries Limited. The assembled speakers deliberated on the topic – ‘Contemporary Directions in World Architecture.’

Why WAF in India “WAF is held at international locations like Barcelona and Singapore. Owing to the high participation fee and cost of travel to international location, the participation of Indian architects and interior designers in this event is limited to only a prominent few names. As per official estimates of Council of Architecture, India has more than 60000 registered architects and 35000 interior designers practicing across the country. The top 200 colleges of architecture and interior design are further churning out close to 7000 freshers every year. This large audience from the design fraternity is deprived of the exposure to the world’s best and path-breaking designs. We, at Greenply, have always been a pioneer in supporting knowledge-based initiatives in the field of design and architecture. In line with this ideology, we are bringing the highly acclaimed WAF to the Indian design fraternity in form of a post event design tour. With the burgeoning body of architects, India has a lot of prospects to make its mark in futuristic and innovative architecture space. We hope that the whole design fraternity will stand benefitted from this exposure to the world’s best designs” said Mr. Rajesh Mittal – Managing Director, Greenply Industries Limited.

Why Design Tour in Bangalore? “The idea of bringing this tour in India is to help aspiring and practising architects of the country to appreciate originality. There is a need to think beyond heritage in order to create modern architecture which will be regarded as iconic in times to come. We feel the architect and student community here are very receptive to international designs and architecture. Hence, we thought of organizing the Design Tour in Bangalore in order to inspire the designer and architect’s fraternity for creating a legacy of international-standard architecture in India through discipline and innovation” said Mr. Vinit Kumar Tiwari, Country Head (Ply & Board), Greenply Industries Limited.

The Design Tour at Bangalore showcased exhibits of 350 shortlisted design entries from across 30 categories designed by architects from over 65 countries. It comprised significant works viz. The Chapel, Vietnam, designed by a21studio which was adjudged the World Building of the Year in the World Architecture Festival in Singapore. Images of other award-winnings structures like The Carve from Norway, Split House from China, Dune House from New Zealand, Liberty Place from Australia were also put on display.

Commune Properties India appoints Mr. Sheker Sundhara Rajan as Vice President and Business Head

Sheker Sundhara Rajan as Vice President  and Business Head, Commune

May 20th 2015 Bengaluru: Golden Gate Properties Ltd. South India’s leading real estate developer today announced the appointment of Mr. Sheker Sundhara Rajan as Vice President and Business head, to lead and manage the entire Commune vertical, specializing in affordable luxury homes.

Mr. Sheker comes with a vast experience in real estate sector and is an expert at project planning, execution and management. In his current role he will be responsible to lead the growth of Commune Properties and chart out the development strategies for company. He will oversee the entire operations and management and will focus on resource and productivity optimization.

Mr. Sanjay Raj, Executive Director Commune Properties India Pvt. Ltd., said, “It gives me immense pleasure to have Mr. Sheker Sundhara Rajan, on board, as Vice President of Commune Properties India P. Ltd. Mr. Sheker is known for being both people and process driven person with a sound understanding of business dynamics. He will work towards promoting and sustaining Commune Properties as a client centric and transparent organization and will surely help us to serve our customers even better.”

Mr. Sheker is a veteran with more than three decades of extensive experience. Throughout his career, his management abilities have made him proficient in handling multi-disciplinary teams across companies. Before joining Commune he had worked with reputed real estate ventures across the country and had contributed significantly by spearheading operations, business development, strategic human resource management, sourcing and facility management.  Mr. Sheker is a post graduate in Business Administration from National Institute of Business Management, Chennai.

Brigade Group sees 38% growth in revenues and 29% growth in net profits

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Bangalore, May 20, 2015: Premier real estate major Brigade Enterprises Limited’s Consolidated Revenues for the fiscal 2014-15 has gone up by38%  toRs.13,308 million, up from Rs.9,667 million recorded during the previous fiscal.The Consolidated Net Profits have increased by 29% to Rs.1,150 million, up from Rs.890 million for the previous fiscal.Commenting on the company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, said “The Company has set up a strong foundation with a stabilized revenue stream from our lease rental & hospitality portfolio along with the main stream revenues from our residential business. We are at the cusp of our next level of growth with theCompany consolidating its presence in cities of operation and entering new markets such as GIFT Cityand residential space in Chennai.”

Real Estate sales surge

Mr. Jaishankar further stated that the revenue recognition from joint venture projects – Brigade Orchards, the first Smart Township in Bangalore and Brigade Cosmopolis (along with GIC, Singapore) has come during Q4 of FY 2014-15. These projects will also contribute to the topline and bottomline in the coming years.

Brigade Group announced a spate of launches in 2014-15 across citiesin South India aggregating to 6.28 million sq. ft. as compared to 4 million sq. ft during the previous year.

The group has sold 2.80 million sq. ft of Real Estate space aggregating to Rs.14,216million with an average realisation rate of Rs.5,076 per sq. ft. for the financial year 2014-15. Mr. Jaishankar further stated that the Group is committed to building positive experiences with exemplary performance. This is reflected in initiatives viz. Customer portal – a first by a Bangalore developer, selling homes online through Slice View Technology etc.

Lease Rental Business

The Lease Rental segment has contributed Rs.1,842million to the topline of the Company.  About2 million sq. ft of commercial space is currently under construction. The Company has rebrandedits SEZ office development at Kochi as World Trade Center Kochi and this space will be operational shortly.

 Hospitality Business

Brigade Group’s hospitality segment revenues for the financial year stood at Rs.1,628million. Hospitality segment has twooperating hotels in Bangalore — Grand Mercure at Koramangalaand Sheraton Bangalore at Brigade Gateway campus — with a total of 356 keys. Both the existing properties are among the best performers in their respective categorieswithaverage occupancies of over 75%. Holiday Inn, Chennai, a 5 star hotel with over 200keys, Grand Mercure Mysore with 150 keys and Holiday Inn Express Business Hotel at Race course road Bangalore with 300 keys would be operational in the next 12to 24 months. The Group would be operating over 1,000 keys within two years.

Significant events during the year

  • Executed a Framework Agreement with GIC Singapore for Rs.15,000 million to acquire land in South India.
  • Entered new markets such as GIFT City, Ahmedabad
  • Credit rating of “A” assigned by both CRISIL and ICRA for the credit facilities being availed by the Company from Banks.
  • Acquisition of 26.5 acres Brookefields property along with GIC Singaporeto develop about 3.5 million sq. ft. of SEZ Office space in Whitefield, Bangalore.

Future Outlook

Explaining the future outlook for the company, Mr. Jaishankar said that Brigade Group plans to launch 7.70million sqft of new projects in FY 2015-16. Of this, Residential launches would be about 6.10 million sqft, Commercial Office space – 1.30million sqft and Hospitality would be 0.30million sq ft.

Financial Highlights

Consolidated Annual Performance (FY 2014-15 Vs FY 2013-14)

  • Total Revenues stood at Rs13,308 Million vis-a-visRs9,667million, an increase of 38%
  • EBITDA stood at Rs4,030million vis-a-visRs3,184million, an increase of 27%.
  • EBITDA margin stood at 30 % vis-à-vis 33%.
  • PBT stood at Rs. 1,725_ million vis-a-vis Rs.1,236 million, an increase of 40%.
  • PAT stood at Rs.1,150million vis-a-visRs. 890million, an increase of29%.

Standalone Annual Performance (FY 2014-15 Vs FY 2013-14)

  • Total Revenues stood at Rs10,080 Million vis-a-visRs9,158 million, an increase of 10%
  • EBITDA stood at Rs3,153 million vis-a-vis to Rs3,019 million, an increase of 4%.
  • EBITDA margin stood at 31% vis-à-vis 33%.
  • PAT stood at Rs. 700 million vis-a-visRs. 898 million, decrease of 22 %.

Standalone Quarterly performance on a sequential basis (Q4 of FY 2014-15 Vs Q3 of FY 2014-15)

  • Total Revenues stood at Rs. 3,070 million vis-a-visRs. 2,036 million, an increase of 51%.
  • EBITDA stood at Rs.986 million vis-a-visRs. 645 million, an increase of 53%.
  • EBITDA margin stood at 32% vis-à-vis 32%.
  • PAT stood at Rs. 298 million vis-a-visRs. 114 million, an increase of 162%.

Operational Performance

  • Real Estate space aggregating to 0.70million sq. ftwith a total value of3,498 million was sold during the fourth quarter ended 31st March, 2015. A total of 2.80 million sq. ft of Real Estate space with an aggregate value of Rs.14,216million was sold during financial year 2014-15.The average price realisation was Rs. 5,076 per sq. ft.
  • Leasing and Hospitality segments contributedRs. 434 million andRs.443 million respectively to the revenues for the fourth quarter ended 31st March, 2015. Leasing and Hospitality segments contributed Rs.1,842million &Rs.1,628 million to the topline of the Company for the financial year 2014-15.
  • The Board of Directors of the Company hasrecommended a dividend ofRs.2.00(20%) per equity share.
  • The Debt Equity ratio of the Company on 31st March, 2015 is 0.94:1 . Credit rating of “A”has been assigned by both CRISIL and ICRA.
  • During the fourth quarter ended 31st March, 2015 a total of1.07million sq. ft.of residential space was launched.
  • In FY 2014-15,6.28 million sq. ft. was launched consisting of Real Estate space of 5.61million sq. ft. andCommercial and Hospitality space of 0.67 million sq.ft.
  • In FY 2015-16, 7.70million sq. ft. of new project launches are planned. Of this, Real Estate launches will be about 6.1 million sq. ft,Commercial space will be1.30million sq. ft.andHospitality space will be 0.30million sq. ft.

Awards and Recognitions

  • In the awards instituted by Peer Group CREDAI Karnataka,Brigade Group won 4 awards during the year:
  • The most prestigious award of the evening was the Special Awards Category- Mr. M R Jaishankar, CMD, Brigade Group was recognised for his ‘Outstanding contribution to the Real Estate Sector’.
  • Brigade Group received the ‘Best CSR work by a  Developer’ for the redevelopment of the Kempegowda Playground in Malleswaram and Skywalk on Dr.Rajkumar Road.
  • Brigade Rubix won the ‘Best Commercial Complex’ in Bangalore.
  • Brigade Sparkle won the ‘Best Dwelling below 1500 sqft (Residential)’ in South Karnataka

In addition:

  • Nirupa Shankar was awarded the “Rising Star Award – South Asia” by the International Society of Hospitality Consultants (ISHC) at the Hotel Investment Forum India (HIFI) in Delhi.
  • Suresh Kris, CFO- Brigade Group was recognized as one of the Top 100 CFO’s in the country for 2015 by CFO India Magazine.
  • Manjunath Prasad, COO Projects was awarded the Most Enterprising Real Estate Professional of the year at the Global Real Estate Brand awards 2015.
  • Brigade Meadows was awarded the ‘Budget Apartment Project of the year, Tier 1’ category at the NDTV Property Awards 2014.
  • Orion Mall won the Best Shopping Mall of the year in South India at the Indian Retail &eRetail Awards 2015.Orion Mall received two of the coveted trophies – ‘IMAGES Most Admired Shopping Centre of the Year: South and ‘IMAGES Most Admired Shopping Centre Marketing & Promotions of the Year- South’, at the IMAGES Shopping Centre Awards 2015.
  • HIGH won the “IMAGES Most Admired Food Service Retail Launch of the Year: Home Grown Retailer “at the Coca Cola Golden Spoon Awards 2015 in Mumbai

For more information, please visit BrigadeGroup.com or contact us at investors@brigadegroup.com

For more information, please contact: Mathew Abraham, Brigade Enterprises Ltd.,               Sr. DGM, Corporate Communications & PR,                  Phone: + 91 80 40467600                                                                         E-mail: mathew@brigadegroup.com

Squadro launches Family & Bachelor collection Announces unique concepts in e-commerce

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Bangalore, May 14th, 2015 : Home is the place where you sit back and relax, you shell out time for all your loved ones, you make memories, you rest while you are tired, you celebrate, and you LIVE. Furniture is something that completes your home and makes it lovable. Squadro, believe in making every home a lovable and liveable place. With a mission to constantly deliver better products and services, Squadro ensures that they stand by its word.

 “Squadro” (http://www.squadro.in/) a brain child of entrepreneurs Sameer A.M and Vathsala C.R has been launched with a vision to revolutionize the concept of furnishing across India through customization, variety and constant improvisation of processes.

With unprecedented response it receives from online cutomers, Squadro is all set to prove its uniqueness in launching variety of concepts and themes that are not launched in any of the e-commerce sites. Squadro has come up with concepts called Family Collection and Bachelor collection,Said Sameer A.M –Managing Partner

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Family collection is solely theme based, where in every furniture unit will follow same theme based designs i.e., theme based furniture coupled with thematic designs. It is anticipated that there will be thrice the set of collections we presently possess within two months.

Bachelor collection is a stylish boon to all the bachelors, who stay as group in a room. In order to cherish their memories and to give another dimension to their lifestyle, we are coming up with this collection with appreciable life span at affordable price.

Squadro is also in the verge of introducing innovative furniture solution with remarkable trend and that would complement one’s personal space.

Mantri Developers bags two prestigious awards at Construction Times Builders Award – 2015

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Mantri Developers Pvt. Ltd, leading real estate developers in South India,was conferred with prestigious awards at the Construction Times Builders Award – 2015 held recently.

Ms. Snehal Mantri was honoured with ‘Construction Women of the Year’ Award for her excellent contribution at Mantri Developers and to the real estate industry through her leadership skills and innovative ideas.Mr. Adarsh Narahari was conferred with the ‘Best Young Entrepreneurs & Emerging Award’ for his unique concept of senior homes and admirable contribution to the real estate industry at a young age for Mantri Primus Life Spaces Pvt. Ltd.

On receiving the award, Ms. Snehal Mantri, Director – Marketing & HR, Mantri Developers, said ”In the real estate industry, recognition of work is a mark of excellence. It is indeed a matter of great pride to receive this award that honors the role of women in the industry. Such awards will encourage more and more women to explore avenues in the real estate sector. The awards inspire me to continue my pursuit for innovation and excellence.”

Orion Mall wins Best Shopping Mall of the Year 2015 – South India Awards presented at the prestigious Indian Retail Awards 2015

Bangalore, May 7, 2015: One of Bangalore’s popular malls, Orion Mall, developed by premier real estate developer Brigade Group and located in the Brigade Gateway enclave, received the award for the Best Shopping Mall in the South India Region at the prestigious Indian Retail Awards 2015. Franchise India presented the 2nd Indian Retail Awards 2015 and the 4th e-Retail Awards 2015 recently.

 The Indian Retail Awards and e-Retail Awards recognise and acknowledge the entrepreneurial excellence in the Retail and e-Retail sectors. This is the highest recognition for Orion Mall in this sphere of operation in the South India region, as there was no national award in this category.

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 For the management and leadership team at the Orion Mall, this award comes as a recognition of their effort and customer-friendly initiatives that have ensured that the mall is a success among Bengalureans. The ‘Shopping Mall of the Year 2015 – South India’ award is a proof of the mall’s success, uniqueness and popularity.

CREDAI Bengaluru turns May Day into fun day for labourers

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Fun, frolic and good food for labourers of member organizations’ projects mark the event

Bangalore, May 1, 2015: This May Day turned out to be extra special for workers across projects of CREDAI Bengaluru member real estate development organizations. CREDAI Bengaluru organized a day of fun and good food at the Mount Carmel College Grounds in Vasanthnagar. The event saw over 840 labourers taking part in various activities.

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 Speaking at the event, Mr.J C Sharma, President, CREDAI Bengaluru and Vice Chairman & MD, Sobha Developers said, “The construction companies have highest number of employees. They put sincere effort in their work. Their hard work makes us enjoy our life for ages”.

“CREDAI Bengaluru has initiated this event as a token of appreciation for the labourers. This kind of activity brings them more closer. Year on year we are seeing more participation and involvement” he added.

Mr. Suresh Hari, Secretary, CREDAI Bengaluru, said, “We wanted to express our gratitude to our workers who toil hard throughout the year, and their families too. We have been celebrating the Labour Day every year for the past five years.”

Commenting on the event Mr. Anil Nayak, CEO, CREDAI Bengaluru, said “This is the 5th consecutive year we are doing labour day. We bring construction labourers from member developers together. The response for this event has been very encouraging year on year. This kind of labour day celebration is consistently carried out by CREDAI Bengaluru and the same has been recognized all over”

This initiative was set in motion as part of the CSR activities conducted by CREDAI Bengaluru . Labourers from various projects of the Brigade Group, Vaishnavi Group, Sattva Group,  Total Environment, Sobha Group, Bearys Group and many more participated in the activities organized for this event.

Shakil, labourer, Brigade Group, who won first prize in Long Jump said” It was a good experience. All day we do hard work in the sun and these kinds of events gives us happiness. I am happy that I won the first prize”.

Bhagyalakshmi, labourer, who came first in 100 Mts race and 200 Mts race said “When I heard that there will be sports day for us on May 1st  I started practicing. Every day I used to run near the site. Because of my practice I won first prize today”.

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Prize winners list – 4 sections for Men

100 Mts Race: 1st – Ravi, 2nd – Sharukh Shaik, 3rd – Sridhar

200 Mts Race-  1st – Sharukh Shaik, 2nd – Nitesh, 3rd – Ravi

Long Jump – 1st – Shakil, 2nd – Nateesh, 3rd – Akshay

Shot Put – 1st – Durgappa , 2nd – Rajendra, 3rd – Javed

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 4 sections for women:

100 Mts Race-  1st – Bhagyalakshmi, 2nd – R.N Netra, 3rd – Netra

200 Mts Race – 1st – Bhagyalakshmi, 2nd – Netra, 3rd – Muniratna

Long Jump – 1st – Siddamma, 2nd – Saranamma, 3rd – Lakshmidevi

Shot Put –  1st – Gayatri, 2nd – R.N Netra, 3rd – Siddamma

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