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January 2016

Tata Consulting Engineers Builds Jain SRM Ashram for 100 Years of Sustainability Using Bentley Software

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Bangalore, 29 January 2016: To help design the infrastructure for the Jain SRM Ashram, a spiritual healing center in Dharampur, India, Tata Consulting Engineers Ltd. used Bentley software. Tata Consulting’s goal was to complete the project at optimal cost, utilize Smart concepts for energy efficiency and space utilization, and build for 100-year sustainability. 

Faced with a challenging site of varying steep terrain slopes, Tata Consulting used 3D terrain models to assist in decisions for land use planning and detailed design of the INR 1.8 billion international headquarters and ashram. Tata used Bentley software to create concept level “optioneering” alternatives, to develop schematic level design, and to complete detailed design. Advanced 3D modeling and project collaboration were essential in reducing project costs and time.

The team also had to plan for considerable pedestrian traffic of up to 8,000 visitors per day. Tata Consulting Engineers used Bentley’s MicroStation, Bentley Map, GEOPAK, InRoads, MXROAD, STAAD, and Haestad products which helped reduce the cost of project delivery.  Tata also used the solution to perform cost-benefit analyses to arrive at the best design to minimize maintenance and ensure efficient operation.

The project scope included establishing the Master plans to assist the project architects and planners in:

·         Effective utilization of terrain for placing buildings and roads

·         Establishment of an effective utility infrastructure master plan

·         Detailed design of infrastructure such as:

o   Water, waste water, rain water collection, recharge, storm water, site grading

o   Solid waste management

o   Retaining structures

o   Cut and fill  (structures, roads and other areas as required)

o   Parking management

o   Road Network and pavements

o   Traffic and pedestrian planning

Image Link: https://www.hightail.com/download/bXBibUpZeDNlM1IzZU5Vag

Caption: Jain SRM Ashram, Tata Consulting Engineers

Brigade Group completes Brigade Serenity – Brigade’s first luxury project in Chikmagaluru

Brigade Serenity

Chikmagaluru, 29 January 2016: Brigade Group, one of India’s leading Real Estate player  headquartered inBangalore has over the past  29 years created many landmark and innovative projects across South India. Brigade Serenity is the first luxury apartment project of Brigade in Chikmagaluru. The completion of Brigade Serenity was formally announced today by Mr. M R Jaishankar, Chairman and Managing Director of Brigade  Group .

Brigade Serenity on the Bypass Road, Chikmagaluru is developed over an acre has 62 apartments of 1, 2 and 3 bedrooms with areas ranging from 700 sq.ft- 2200 sq.ft. The apartments with contemporary layouts offer a modern lifestyle and are meticulously designed to offer excellent light and ventilation.   The project epitomizes luxury and a serene lifestyle. It is strategically located in the lap of nature and yet not too far away from the comforts of modern living. The calm environs of Brigade Serenity are well complemented by the various amenities available to residents.  The project is well-equipped with various recreational facilities that brew up the perfect recipe for health and wellness. It has a Gymnasium and Swimming pool to enhance your fitness levels, a poolside party area to entertain guests, Play areas and Open greens. The project has been well received by customers and the project has been nearly sold out.

Speaking on the occasion Mr. M R Jaishankar, Chairman and Managing Director, Brigade Group  said, “We are happy to announce the completion of Brigade Serenity. Chikmagaloreans can now experience and enjoy the quality of a trusted and recognized developer from Bangalore. Brigade has added value to the residential sector in Chikmagaluru by providing a great product with lifestyle amenities.”

Concorde Celebrates Their Commitment in Grandeur

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Bangalore, 30th January, 2016 The two day-long “Euphoria – a Celebration of Commitment” organized by the Concorde Group, a leading real estate company, at Napa Valley on  Kanakapura main road, in Bangalore celebrated their carnival with an electrifying experience of a flea market, quiz, games, workshops, musical concerts and  much more.

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The event, started on a traditional note with poojas and housewarming ceremonies for families, followed by the official handing over of keys to their owners. This celebration earmarks the beginning of successful and timely delivery of houses, thus, keeping in line with the values of the Concorde Group.

The two days extravaganza, gave perfect weekend to the families. The spectaculars at the event included flea market offering a wide range of options for shopping, a food festival with mouth-watering delicacies, a series of quiz and competition for igniting the creativity, many exciting games and an assortment of workshops like Art of living, interior planning, cooking etc. which added a new dimension to the personalities of the visitors.

The flea market comprised of a wide range of clothes, jewellery and accessories of different styles ranging from ethnic to chic to bohemian, along with other many  other shopping options such as furniture, toys etc. Kids were spoiled for the options of toys and other gaming items, and their overwhelming excitement in number of competitions such as painting, singing, dance and quiz added the jubilance and pure joy in the Euphoria. These competitions brought their unique talent in the most appealing way. The festival was gastronomic delight for the visitors as cuisines varied from Indian, Continental, Chinese, Italian, etc and consisted of food trucks like The Bite Club, SWAT, Smoke Signal BBQ and many more.  A number of interesting workshops such as live painting and story-telling engaged both the children as well as the parents. The painting competition in association with Camlin saw a large number of child participants bringing out their creativity through colours. They splashed colour on different issues ranging from cleanliness to environment to pollution etc.

The set-up of serenity, calmness, greenery and a feeling of closer to nature made the Art of Living workshop highly impactful and inspiring for all the participants.

“It was a very informative workshop on interior planning. I have always struggle on tiny issues such as colour combination, usage of empty space etc. But this workshop will really help me in working around my interior planning with much more aesthetical outlook,” said Deepika, who is a proud owner of the one of the Concorde villas.

 The official drummer of RCB, Bhavesh with his opening note took the energy level of the event to the next level followed by a performance by Aurko, an Indie-rock band of National fame, who brought the freshness with their fusion. The evening concluded with electrifying performance of Kunal Ganjawala, who sang many popular numbers from Bollywood.

Kunal Ganjawala, playback singer, spoke about the performance, saying, “Concorde Euphoria is something new for me. Most of my performances are generally targeted towards the youth, but this concert is something different as I am performing for a different range of audience – mainly family. The fact that I get to do this at a place such as Napa Valley is something that I could not look away from.”

Mr R.G. Sunil, Executive Director Concorde Group, spoke to the media “This event of grandeur has received overwhelming response from the people of Bangalore especially from them who knows the value and integrity of Concorde Group. As with Euphoria we have celebrated our commitment and loyalty towards our promises and values.”

Mr. B.S. Nesar, Executive Director Concorde Group, speaking on this occasion said, “It is the celebration of our commitment and reflection on the lifestyle that we promise to our customers and intend to bring into their life. We have been able to give them wholesome family experience through this carnival which will set the benchmark for any future carnival and Euphoria.”

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Bengaluru residential market manages to hold steady; Start-ups add fillip to stellar performance in the office market: Knight Frank India

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Bengaluru, Jan 28, 2016: Knight Frank India today launched the fourth edition of its flagship half yearly report – India Real Estate. It presents a comprehensive analysis of the residential and office market performance of Bengaluru for the period between July–December 2015 (H2 2015).

Residential Takeaways:-

  • Bengaluru remains one of the best performing markets with steady sales; restricted launches have cut down the stress
  • The city recorded a decline of 27% Y.O.Y. in new launches in 2015 – the lowest number of launches in five years
  • South Bengaluru witnesses increase in new launches in H2 2015; peripheral locations such as Chandapura, Anekal emerge as upcoming budget destinations
  • West Bengaluru emerges as the best performing market with the least number of Quarters to Sell; metro connectivity and lifestyle projects adding to its attractiveness

Bengaluru Residential Market Trend:

Source: Knight Frank Researcss

Office Takeaways:-

  • Bengaluru office market continues to be bullish in its demand with 11.1 mn sqft absorption in 2015, the highest since 2011
  • Absorption in H2 2015 increases by 14% YOY; new completions remain steady
  • While e-commerce is in the horizon, IT/ITeS continues to dominate in H2 2015 with 70% absorption
  • Peripheral office markets in the South and North witnesses increased occupier interest in H2 2015 owing to dearth of large ready spaces in other prime office markets of the city

Office New Completions and Absorption:

Source: Knight Frank Research

Speaking about the findings, Satish BN~ Executive Director, South said:

 “The Bengaluru residential market remains one of the best performing market in India. Although the residential market did witness some lows with 13% drop in launches YoY, this has in turn helped in bringing down the stress by cutting down the inventory. We presume upward pressure on prices with an expected 7% weighted average price hike in the next six months.

Bengaluru Office market, on the other hand, continues to be bullish in its demand with record high figures since 2011. However, dearth of ready-to-occupy office space is a concern as it is unable to catch up with the quantum of demand, leading to emergence of peripheral locations in the South Bengaluru witnessing occupier interest”.

 

 

 

 

For access to funds, real estate sector demands industry status to tackle slowdown

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New Delhi, January 20, 2016: The National Real Estate Development Council (NAREDCO), an apex body of real estate stakeholders, today asked the Government to grant industry status to the real estate sector to enable it to recover from severe slowdown. Industry status will attract large companies and most importantly inculcate “corporate culture” and “industry discipline” which will immensely benefit economy in general and consumers in particular, said NAREDCO President Parveen Jain in a pre-budget Memorandum to the Government.

Mr. Parveen Jain said, most industry rules and regulations are applicable to real estate sector also and denial of industry status for funding purposes to the sector will further worsen the existing financial crunch and slowdown in demand because of erosion of capital and loss of confidence of investors and buyers.

NAREDCO has also demanded “infrastructure status” to the Housing sector, a long standing demand of the real estate developers, by adding a clause to the definition of “infrastructure facility” u/s 80IA of IT Act 1961 and the clause is:

“An integrated township and group housing development on area more than 10 acres involving provision of residential, educational, medical, community, commercial or institutional buildings and creation of required facilities including roads, water supply, water treatment, sanitation and sewerage systems and solid waste treatment and management systems”.

Mr. Jain demanded creation of Special Residential Zones (SRZs) for affordable housing on the lines of Special Economic Zones (SEZs) where special concessions and incentives are in built together with single window clearances. This will help increase supply of affordable housing on a large scale.

Central and State Governments, in the past, have attempted to address large number of issues detrimental to housing growth and provided fiscal concessions to builders and home buyers and tried to build strong public-private partnership to boost housing growth. In many ways it has paid dividends, but still there is lot to be done to provide shelter to all.

Mr. Jain said that the government land, wherever available, should be used as equity and government agencies encouraged to assemble additional land as much as possible. India is short of 18.78 million housing units and 96% of it is in EWS and LIG categories. Government is targeting to build 2 crore housing units by 2022. All this will be possible if land and bank financing is made easy.

He said that Housing Finance Companies be allowed access to long-term funds such as Provident Fund, Insurance and Pension funds as all developing countries have access to such long term funds for housing and infrastructure development. USA and Singapore are classic examples where fund flows from these sectors have helped increase financial resource with long tenor and cheaper funds, he added.

NAREDCO has suggested that banks should be asked to increase their allocation for housing from the present 3% to 5% of their incremental deposit. The additional 2% incremental allocation may be earmarked exclusively for canalizing it through housing finance companies registered with National Housing Bank.

President NAREDCO, has requested government to give push to the real estate sector by increasing the deduction u/s 24(b) of IT Act 1961 to Rs 3 lakh from the current level of Rs 2 lakh of interest paid on home loan on a self-occupied house.

Also, three years period for acquisition or completion from the year of borrowing should be dispensed with, said NAREDCO President, Mr Parveen Jain, adding that this will provide much needed impetus to housing sector which is reeling under huge housing shortage in the country.

He said that priority sector lending need to be extended for home loans upto Rs 25 lakh for rural, small and medium cities, Rs 35 lakh for metropolitan cities and Rs 50 lakh for mega cities. Also, income from renting of properties should be taxed at a flat rate of 10%, he said, adding that high cost of houses and high property taxes lead to low rate of return (ROR) from rental housing, making renting out an un-remunerative proposition.

Mr. Jain said that the residential construction be taken out of 14.5% service tax net in the first place and this exemption should cover the builders and developers who are registered. Rise in excise duty on cement and steel would raise the unit cost by about 4 to 5%.

To promote REMF (real estate mutual fund) and REIT (real estate investment fund), Mr Jain asked the government to make them income tax free at least for 10 years both for residents and non-residents. The world over, REIT have been very effective instrument and source for funding housing projects  because of various fiscal concessions and incentives provided by various governments to REIT units and the shareholders.

Demanding external commercial borrowing in all spheres of housing and real estate development, including SEZ projects, Mr Jain said funding to real estate be allowed through FDI, particularly in under construction projects.

The size of Indian real estate market in 2013 was estimated to be approx. USD 78.5 billion which is likely to grow to USD 140 billion by 2017. Between 2009-11, FDI investment grew at 8% but witnessed deceleration during 2012-13 to around 6.5% primarily due to sluggish growth of Indian economy, rising input cost and overall global economic sentiments. Now there is need to give push to this through fiscal incentives.

Navin M Raheja, GC member and Patron along with Parveen Jain president Naredco- the real estate apex body, during a pre budget meet in new delhi

Mr. Jain emphasized that, given the impetus required, real estate sector has the potential to turn around the Indian economy and contribute to the growth of the country because of its backward and forward linkages with other sectors of economy and huge job potential.

Marshalls Wallcoverings introduces a range of Wallcoverings -Designed by Karim Rashid

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Marshalls Wallcoverings, one of India’s leading wallpaper company has launched an ensemble of super exclusive signature series wallcoverings that showcases the most celebrated international designer, Karim Rashid.

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Marshalls Wallcoverings known to bring art and a sensibility to revolutionize Wallcoverings brings the blend of colors, patterns, shapes and designs created to fit within the exact dimensions of your wall. Experimenting with the merging streams by artists adds to this multi- hued cultural canvas and inspiration from the vibrations out of the speakers, this collection showcases an array of designs which represents loud, quite, compact, and transparent and many other variations in sounds in an artistically interpreted computer design. The silver netting on psychedelic graphics or on dark background lends the wall an edgy and sophisticated look.

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This collection has a beautiful colour spectrum like rose and pink hues, colour play in blue, Turquoise and green and black with gold & Silver etc which makes the wall Picture Perfect. So all you need to do is, select your design to create your perfect home.

Marshalls Wallcoverings By Karim Rashid

Marshalls, the undisputed leader of wallcoverings in India will bring more International designers to the fore and launch more such collections year on year to give an unparalleled look to your homes.

CES 2016 – Blueair Receives Three Prestigious Awards At The Biggest Consumer Electronics Show on Earth

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Bangalore, January 13, 2016 – Blueair, a premium air purifier company from Sweden, today announced that its “Blueair Sense+” air purifier, “Blueair Aware” air monitor and “Blueair Friend” mobile app have won three prestigious awards at CES-2016 in the categories of innovation, design and style. CES (Consumer Electronics Show) is an annual exhibition held in Las Vegas, which enjoys great reputation in honoring outstanding design and engineering in consumer technology products.

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Industry research firm Envisioneering voted Blueair for their ground breaking technologies during ShowStoppers®, the product showcase event for 2,000 journalists at CES 2016. The three products will be available soon across Indian stores.

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Bengt Rittri, Founder and CEO of Blueair said, “Being honored with the CES awards showcases our long history of cultivating strong R&D in air purifiers and bringing it to the market to enhance people’s health and wellbeing.”

Blueair- Friend App

“Blueair Sense+” and “Blueair Aware” connect to the “Blueair Friend app” to provide a detailed view of indoor pollution. The Friend app also gathers data on an hourly basis from thousands of gauging stations in over 100 countries to deliver trustworthy information on local outdoor air quality.

Vijay Kannan, India Head of Blueair said, “The most intelligent air purifying system will be available soon in the stores across India. We are set to launch these amazing products at a time when air pollution has become a major concern in the country”

Blueair’s visionary new technology is the world’s first smart, fully connected, fully working indoor air monitoring, control and purification system. It puts consumers in control of the air they breathe at home, work and play, thus removing up to 99.97% of contaminants. The connected Sense+, Aware and Friend means homeowners and businesses can enjoy indoor air free of allergens, chemicals, odors and dust particles, without the need to worry about it.

View Pictures and Video here

NOW MAKE YOUR HOUSE EVEN MORE STRONGER THAN EARLIER WITH KAY2 STEEL’S PREMIUM TMT BARS- FE-415 & FE500

Kay2 TMT Bar Picture

New Delhi: Steel bars are the most integral part in construction as it hold the entire building for centuries. However, by and large people tend to forget to pay any attention while using steel bars in foundation and pillars. Well! Not just ignorance but prices are also one of the key factors holding the people to go for high quality steel bars.

 Keeping in mind this phenomena, Kay2 Steel Limited the youngest players of TMT industry in Country has launched premium quality Steel Bars (TMT bars) under the brand Kay2 which are equipped with best earthquake resistant technology. The Kay2 TMT Bars including FE -415 & FE-500 have become the most preferred TMT bars for constructions and comes at highly affordable pricing.

 These editions of TMT bars are made from premium quality materials using product innovation, structural flexibility and advanced technology. They are manufactured with strict adherence to quality standard and can withstand highly saline and damp climate for a very long span of time. The high strength and ideal flexibility of Kay2 TMT bars adequately meet building requirements. Moreover, the quality standards of Kay2 TMT bars are higher than BIS norms, and the special feature of earthquake resistant to provide more strength to the various constructions. These properties of Kay2 TMT Bars make it widely used materials in commercial and industrial building construction.

According to Mr Sunil Agarwal, Director Kay2 Steel Limited, “With the launch of Kay2Steel, our mission is to offer best quality steel bars at the doorsteps of the people. We want people should compromise on steel when it comes to prices. At kay2 we have given the optimum combination of technology quality and pricing.”

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 Kay2 Steel is a new entrant in multibillion steel bar industry however, within a short span of less than 12 months company has made a very strong foothold in key markets of India including Punjab, Haryana, MP, Bihar, UP and Rajasthan etc. Today Kay2 has Approx 1000 sales points and distribution networks serving steel bars needs of India.

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