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PROPERTY NEWS FOR YOU

Month

May 2016

Hilton Puts the World on Sale with Largest Global Sale Ever

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Bangalore,  India – May 24, 2016 – Hilton Worldwide (NYSE: HLT) announced one of the richest deals in its nearly 100-year history, the Hilton World Sale. Running from May 13 until September 5, 2016, the Hilton World Sale offers Hilton HHonors members great value with up to 30% off at participating hotels within the Hilton Worldwide Portfolio of more than 4,660 hotels worldwide in 102 countries across 12 of its 13 brands.

At the 15 hotels and resorts in the Hilton Worldwide Portfolio in India, guests receive up to 20% off and Hilton HHonors members receive up to 25% off when booking directly with Hilton Worldwide. This offer is available on stays until December 31, 2016 and on bookings made before September 5, 2016 at participating properties under the five brands that have a presence in India including Hilton Hotels & Resorts, Conrad Hotels & Resorts, DoubleTree by Hilton, Hilton Garden Inn and Hampton by Hilton.

“As the largest global hospitality company, we are making travel dreams more attainable so guests can have experiences ranging from eating sushi in Tokyo to taking surfing lessons in Bali,” said Geraldine Calpin, Chief Marketing Officer at Hilton Worldwide.

Benefits of Loyalty

At Hilton Worldwide, value equates to more than just the best price – it’s also the benefits of Hilton HHonors membership, the free and easy to join, guest loyalty programme of Hilton’s 13 world-class brands. Hilton ensures travellers know how to take advantage of every Point, benefit and experience possible.

By booking the sale directly via Hilton.com, the Hilton HHonors mobile app, reservation call centres, or through preferred corporate travel partners and approved travel agents, Hilton HHonors members can take advantage of instant benefits like an exclusive member rate, free standard Wi-Fi, digital check-in with room selection, as well as the ability to earn and redeem Hilton HHonors Points for free nights. Booking direct also opens the door to unique events, like private concerts, exclusive dining experiences and unique travel adventures, and HHonors members can better share their preferences with the hotel for a stay tailored to their requests.

On top of the great deals offered through the Hilton World Sale, Hilton HHonors members can earn Double Points for all stays through August 31, 2016, any hotel, any time with no cap on Points when signing up for the Unlimited Bonus Promotion.

Hilton World Sale details:

Properties in India:

·         Guests can receive up to 20% off best available rates and Hilton HHonors members are eligible to receive up to 25% off best available rates at the 15 hotels and resorts* in India when booking directly with Hilton Worldwide.

o    Guests may book between May 13 and September 5, 2016

o    Guests may stay between May 16 and December 31, 2016

Properties in Asia Pacific (excluding China):

·         Guests can receive up to 20% off best available rates and Hilton HHonors members are eligible to receive up to 25% off best available rates at select brands when booking directly with Hilton.

o    Guests may book between May 13 and September 5, 2016

o    Guests may stay between May 16 and December 31, 2016

Properties in China:

·         Guests can receive up to 30% off best available rate when booking directly with Hilton May 13 through May 31 and 25% off best available rates when booking June 1 through August 23.

o    Guests may book between May 13 and August 23, 2016

o    Guests may stay between May 15 and December 31, 2016

Properties in North & South America:

·         Guests can receive up to 20% off best available rates and Hilton HHonors members are eligible to receive up to 25% off best available rates at select brands when booking directly with Hilton Worldwide. Sale applies for guests arriving Thursday through Sunday*.

o    Guests may book between May 13 and September 2, 2016

o    Guests may stay between May 17 and September 6, 2016*

*Arrival dates and stay dates may vary by hotel.

Properties in Europe, Middle East & Africa:

·         Guests can receive up to 25% off best available rates and Hilton HHonors members are eligible to receive up to 30% off best available rates at select brands when booking directly with Hilton.

o    Guests may book between May 13 and September 4, 2016

o    Guests may stay between May 14 and October 9, 2016

Divide & Rule!

A royal range of room dividing screens by The Great Eastern Home

Room dividers are traditional and aesthetic to look at and serve a great utility of creating a more practical space within a room itself! Beyond simply dividing rooms, room dividers can provide a new look to a space by adding texture or serving as pieces of art. Room dividing screens makes a lasting impression in your living space by not only enhancing a room’s theme but also help separate a large space into smaller ones and allow for dual room functionality in the same floor area of space. In a small space, room dividers add privacy without taking up much square footage. The intricacy of this royal collection of room diving screens from The Great Eastern Home is functional, versatile and dynamic. These screens are made from wood, leather and stained glass which can be customized as per clients need. All these screens are practical; beautiful, with ornate details, strong materials and bold colors. Available in various shapes and sizes they add a point of interest in your home.

Moroccan Screen

Leather Screen: This screen is truly a stunning decorative accent, beautiful both to see and to touch. This light colored screen is crafted from leather with wood frames making it look elegant and durable.

 Leather Screen

Moroccan Screen: This Moroccan room divider can provide the needed artistic flair to the room. The 200 year old vintage moroccan screen is hand curved in wood will create a soothing space with graceful look and resilience.

 Stained glass screen

Glass & Wood Screen: This classy room dividing screen is made with stained color glass fitted into wooden framework. This intricately designed screen is not only a room divider but also a piece of artwork.

Glass screen

Stained Glass Screen: This tall screen is convoluted in a wooden frame made of solid hardwood with stained color glass making it an art piece and durable. This two-folded screen can be placed anywhere making the space beautiful.

Price on Request

Available: www.thegreateasternhome.com

QuikrHomes Partners With Realty Redefined to Celebrate World Brokers Day

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Bangalore, 19th May 2016QuikrHomes, India’s largest real estate platform and the real estate vertical of Quikr, India’s No. 1 cross category classifieds business, has joined hands with Realty Redefined, the leading developer of technology solutions and online products for real estate professionals, to commemorate World Brokers Day on 9th June 2016. The day will witness the leading brokers of India, from multinationals to small businesses, engage in a debate on how the new regulatory and technology environment of real estate will change the shape of brokerage in the future.

World Brokers Day is a unique initiative that honours real estate brokers, recognizing them as essential stakeholders in the industry. Realty Redefined commemorated this day with a special event last year that brought together several broker associations and real estate industry stalwarts. There are about 6-8 lakh brokers in India and this number is growing 20-30% y-o-y as a result of the growth across metropolitan and tier II-III markets.

Commenting further on this initiative, Manish Sinha, Head of QuikrHomessaid, “QuikrHomes was launched as an all-inclusive real estate platform for builders, brokers and home seekers. Today, we have the largest number of property listings and unique visits from property seekers in India. We see firsthand how brokers drive a significant part of the transactions on our platform. Brokers have always been instrumental in connecting builders and sellers to potential home owners and we hope to create more opportunities for everyone to work together through our investment in World Brokers Day.”

Mayank Vora, Co-Founder of Realty Redefined added that, “World Brokers Day demonstrates how brokers are a close knit community and work together to leverage technology for higher professionalism in their services. We will continue to bring real estate brokers together to share best practices and introduce the latest in technology to empower them with what’s out there in the market. Last year we had an overwhelming response with over 750 small, mid to large consultancies participating in the event. This year will be way bigger!”

Investing in a property like World Brokers Day is Quikr’s way of extending its support to the broker community in a bid to honour them as an integral part of the real estate ecosystem.

Quikr acquired Indian Realty Exchange- IRX, a mobile-first aggregator of real estate broker community. IRX features agent reviews, rankings whilst serving as a platform for agents to exchange inventory and requirements with users and other agents. realtycompass, another acquisition by Quikr is a platform that provides builder rating and project analysis. It also made a strategic investment in Wonobo, India’s only street imaging solution that has covered all main streets across 66 cities in India for life-like 360 degree views. With its recent acquisition of CommonFloor, QuikrHomes is the no.1 platform with the largest number of property listings.

Green Tour at SVA GRIHA-rated EMPRI Annex building, Bangalore spreads awareness about green buildings

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50 buildings have been registered in Karnataka

Bangalore, May 17, 2016: GRIHA Council, an independent body with an objective to ensure energy efficient building construction, organized ‘Green Tour’ at its four-star rated project, Environmental Management & Policy Research Institute (EMPRI) Annex Building. The objective was to familiarize visitors, who were media professionals; professionals from construction industry and students with the concept of green building. The aim was to make them aware of the pressing need to invest in creating sustainable habitat in order to mitigate the effects of climate change.

While welcoming the participants at the Tour, MrsRitu Kakkar,IFS, APCCF &Director General EMPRI, Bangalore, spoke about the importance of a green building and praised the Tour as an initiative for sustainable future”.

Ms Minni Sastry, Associate Director, Sustainable Habitat Division, TERI said, “Karnataka can lead the green building movement in south India by adopting GRIHA, the National Rating System of India. The state benefits by having TERI’s South Regional Centre located in Domlur, Bangalore. Buildings like that of EMPRI set examples of climate resilient structures in the changing climate of Bangalore, where temperatures can reach 39 degree Celsius. The building will be monitored by TERI for its performance during occupancy to capture inside environment conditions in various seasons of the year.”

Participants were given a brief reconnoiter of the building and campus to help them understand the applicability of energy-efficient aspects and other green initiativesincorporated into the building.

Mr Akash Deep, Programme Manager, GRIHA Council said, “I take this opportunity to convey my regards to the project team of EMPRI, Bangalore for facilitating GRIHA Council in organizing this Green Tour. I hope this would inspire other projects in the region to opt for GRIHA rating through its variants and thus help mainstream sustainability through in the region.”

Considering the vital role that the media plays in informing and shaping public opinion, this Tour is GRIHA Council’s flagship attempt to sensitize media about green buildings and through them reach out to people with the importance and benefits of opting for a sustainable habitat.

GRIHA has also worked with government construction departments such as Central Public Works Department (CPWD) and has revised their standards and specifications to adhere to GRIHA requirements, with particular emphasis on Energy Conservation Building Code (ECBC).

GRIHA Council works with state and local government bodies to facilitate incentives for private players in construction industry. There are many state bodies which have released different form of incentives for developers; the incentives include high ‘Floor Area Ratio’ (FAR), tax incentives, hassle free and faster regulatory approvals and funding.

Following is the list of some of the projects which have been awarded rating/registered in Karnataka region:

  • Environmental Management & Policy Research Institute(EMPRI) Annex Building, Bangalore  – 4 star SVA GRIHA
  • Zed Earth Villa, Bangalore – 5 star SVA GRIHA
  • SABIC Research & Technology Pvt. Ltd., Bangalore, Karnataka – 4 star GRIHA provisional
  • Salarpuria Celesta, Bangalore – 4 star GRIHA pre-certified
  • Powergrid, Bangalore – registered for GRIHA
  • GAIL Bangalore RGMC building – registered for GRIHA
  • NITK, Surathkal – registered for GRIHA
  • Bangalore International Centre – registered for GRIHA
  • Product Development and Innovation Centre of BEL – registered for GRIHA
  • Software Technology Park of India (STPI), Electronic City, Bangalore – registered for GRIHA

Brigade Groupsees 28% Growth in Revenues for the FY 2015- 16

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Bangalore, May16, 2016:

Brigade Enterprises Limited’s Consolidated Revenues for the year ended 31stMarch, 2016 was Rs.1700crores, up from Rs. 1,331crores recorded during theprevious year. (28% growth) The Consolidated Net Profits stood at Rs.147crores as against Rs. 115crores, witnessing an increase of 28% over previous year.

Commenting on the company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, said “FY 2015-16 has been a challenging year for the Real Estate Industry. However, on a positive note, our revenues, profits and EBITDA margins have continued to improve year on year. We will stay committed to build positive experiences for our customers and remain focussed on our core competencies.’’

Financial Highlights

Consolidated FY 2015-16 Vs  FY 2014-15 Performance

  • Total Revenues stood at Rs. 1700 croresvis-a-visRs. 1,331 crores, an increase of 28%
  • EBITDA stood at Rs. 523 croresvis-a-visRs. 403 crores, an increase of 30%.
  • EBITDA margin stood at 30.8% vis-à-vis 30.3%.
  • PBT stood at Rs. 231 croresvis-a-visRs. 173 crores, an increase of 34%.
  • PAT stood at Rs. 147 croresvis-a-visRs. 115 crores, an increase of 28%.

Consolidated Q4 Performance (Q4 2015-16 Vs Q4 2014-15)

  • Total Revenues stood at Rs. 485 croresvis-a-visRs. 394 crores, an increase of 23%
  • EBITDA stood at Rs. 142 croresvis-a-visRs. 119 crores, an increase of 20%.
  • EBITDA margin stood at 29.3% vis-à-vis 30.1%
  • PBT stood at Rs. 59 croresvis-a-visRs. 57 crores, an increase of 5%.
  • PAT stood at Rs. 41 croresvis-a-visRs. 34 crores, an increase of 20%.

Standalone FY 2015-16 Vs  FY 2014-15 Performance

  • Total Revenues stood at Rs. 1,301 croresvis-a-visRs. 1,008 crores, an increase of 29%
  • EBITDA stood at Rs. 455 croresvis-a-vis to Rs. 315 crores, an increase of 44%.
  • EBITDA margin stood at 35% vis-à-vis 31%.
  • PBT stood at Rs. 210 croresvis-a-visRs. 109 crores, an increase of 93%.
  • PAT stood at Rs. 146 croresvis-a-visRs. 70 crores, increase by 109%.

Business Highlights
Real Estate Business

  • The Real Estate business has done relatively well and the two joint venture projects – Brigade Orchards, the first Smart Township in Bangalore and Brigade Cosmopolis (along with GIC, Singapore) continue to contribute to the top line and bottom line.
  • 4 million sq. ft. was launched in the financial year 2015-16.
  • The group has sold 2.25 million sq. ft. of Real Estate space aggregating to Rs.1,249crores with an average realisation rate of Rs. 5,554 per sq. ft. for the financial year 2015-16.

Lease Rental Business

The Lease Rental segment has contributed Rs.197crores to the topline of the Company.  About 1.2 million sq. ft. of commercial and retail lease space is currently under construction.

Hospitality Business

  • Brigade Group’s hospitality segment revenues for the financial year stood at 182 crores.
  • The occupancy levels at Grand MercureBangalore and Sheraton GrandBangalore are among the best performers in their respective categories with average occupancies of over 80%.
  • The Grand MercureMysuruwith a total of 146 keys was launched recently.
  • The Group will have 1,000  plusoperational keys in 2 years.

Significant events during the year

  • Interim Dividend of Rs. 2.00 per equity share was declared on 14th March, 2016 and paid to shareholders on 29th March, 2016.
  • The Debt Equity ratio of the Company on 31st March, 2016 is 0.99:1.
  • CRISIL & ICRA have assigned “A” rating with Stable outlook and Positive outlook respectively for the credit facilities availed by the Company.
  • Acquisition of a 16 acre property along with GIC Singapore in Perungudi, the prime commercial corridor of Chennai, from Kansai Nerolac Paints Limited through a special purpose vehicle for a consideration of Rs. Rs. 538 crores.
  • Azure at Brigade Exotica Completed– The Tallest Residential building in Bangalore.
  • Brigade Group completes Brigade Meadows- Phase 1– The first Integrated Enclave on Kanakapura Road, Bangalore.
  • Brigade Group’s second mall – Orion East was soft launched in March, 2016.

Awards and Recognitions

  • Brigade Exotica won the ‘Luxury apartment project of the Year’ award at the NDTV Property Awards 2015.
  • Brigade won the ‘Developer of the year –Commercial” award for Brigade Magnum at the Global Real Estate Brand Awards 2016.
  • Orion East Mall located at Banaswadi, Bangalore, won “Retail Property of the Year-South” at the 5thIndian Retail & e-Retail Awards 2016
  • Mr.Om Ahuja- CEO Residential, Brigade Enterprises Limited won the ‘Most Enterprising CEO of the Year ‘award at the Global Real Estate Brand Awards 2016.

For information on Brigade Group, 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 41379200

E-mail: mathew@brigadegroup.com

Royal Developers Launching Royal Lake View Phase-II

Pune, 17 May’16: After the huge success of their previous project Royal Lake view Phase-I, Pune based Royal Developers presented their customers with another gateway to quality living, the Royal Lake View Phase-II in Kondiwade, Takwe , Taluka – Maval , pune district. The area is situated on the halfway of Mumbai-Pune Expressway and is well connected to Khopoli, Karjat, Talegaon Dhabade.

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With this project, Royal Developers is offering non-agricultural plot ranging from 2000sq.ft and above, nestled amidst an exquisite landscape of nature’s luscious elements and modern comforts of living. It has hilly terrain and part of the Sahyadri range/western ghats with many lakes and Andhra dams nearby. The property plan entails attractive entrance gate with 24 hrs security. There is a temple area to fulfill religious sentiments and a children’s play area. Similarly a12 meter wide internal road with streetlights. A jogging track overlooking a beautiful lake. All the plots are designed in accordance to Bonsai Vaastu and a 1 Lakh liter water tank for adequate and consistent water supply to every household. 

This area has many Historic destinations for touristic relevance like Karla, Bhaja and Bedsa caves and also the two fortresses, Lohagad and Visapur as well as Walwan Dam and Wadeshwar Dam.

Mr. Vineet Yadav from Royal Developers welcomed the guests of honor, NCP Leader Mr.Ganesh Vasantrao KhandgeMr.Somnath Jadhav and Mr.Dada Taras and thanked all in the audience for gracing the occasion.

On this occasion Mr. Ramesh Yadav, Director, Royal Developers said “We are dedicated for the interests of all stakeholders who have been pivotal to our success. With every project our commitment to them is also getting strengthened. We see ourselves rolling out many more such projects in the near future and the path that we set out on many years back is looking brighter and more promising than ever.”

It was a star-studded evening, high on entertainment quotient, led by a special performance from Hate Story 3 fame actress Zarine Khan. The other dazzling highlights were Bollywood Dance by Raina Agni, Ganesh Vandana and Lavani performed by Vidya and Pixel Poi juggling act that left the audience spellbound.  Mumbai based Mighty Antz Events, who organized the event, thanked everyone for their support.

RNE: The Perfect Realty Hub

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Raj Nagar Extension, popularly known as RNE is regarded as one of Ghaziabad’s most sought after realty destinations. In the beginning of 21st century, the region was nothing more than a land parcel which was used to bypass the much congested Meerut road. But today, the region has been completely transformed and developed into a realty hub which is promising a strong infrastructure and strategic connectivity. Raj Nagar Extension today houses over 25 prominent developers of NCR and offers a blend of over 40 residential and commercial projects. The region is fit for end use as well as investment purposes as it is a one stop destination for a wide variety of middle class customers, offering housing opportunities from a 1 BHK to 4 BHK, ranging a minimum from Rs. 15 lakhs to Rs. 50 lakhs, provided with classy amenities such as entertainment zones, shopping complexes, massive green cover and much more.

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“As a region, Ghaziabad has always been considered as the backbone of NCR’s realty. There are several micro pockets in Ghaziabad where RNE is regarded as one of the fastest emerging realty hubs. The pricing and infrastructure factors play the most vital role in pulling the customers towards this region. With connectivity and huge variety of products and sellers to choose from, this region has seen an immaculate demand and growth over the last few years”, elucidates Ashok Gupta, CMD, Ajnara India Ltd.

Booming Infra & Connectivity

History has been a witness to how much infra and connectivity score towards the ranking of a region. This is exactly where Raj Nagar Extension scores much above its counterparts and helps in balancing the demand and supply matrix. Speaking about the infrastructure in the region, the existence of NH 58 and NH 24 surrounding it, adds superbly to its credibility. The 8 Kms long bypass itself is a flawless ride that also allows commuters to beat the congestion on the busy Meerut road. Schools, colleges, universities, hospitals, police stations and other such civic amenities makes it a perfect habitat. For leisure and entertainment, the City Forest situated bang on the bypass road, upcoming international cricket stadium, Raj Nagar District Centre (RDC – commercial complex) and interestingly; tourist destinations such as Haridwar, Rishikesh, Dehradun, Mussoorie and others are easily accessible via NH 58; is the perfect icing on the cake. “Raj Nagar Extension is a complete region for any resident or an investor. The existing and planned infra setup is stunning and will allow residents and future buyers to invest here without hesitation. The promise of return or adaptability to the environment due to connectivity and strategic location doubles the effect. The under-construction elevated road, once operational, will reshape the skyline of the region and add more value to it”, explains AvneeshSood, Director, Eros Group. The six-lane elevated road from Raj Nagar Extension to U.P. gate will be 9.3 Kms long and the work on the same is moving at a rapid pace. There is an upcoming metro station as well which is planned right at the entry of the region. The infrastructure in general is shaping up the region pretty well and is promising a hefty return for the future.

Connectivity of a region serves as the backbone for the future realty prospects and boosts the acceptance of the region. Raj Nagar Extension is a complete region from this aspect as well. Its connectivity to NH 58 and NH 24 is direct and allows great footfall in the region. The upcoming elevated road will allow Delhi to become a 10 minutes’ drive from RNE, while connecting Noida and other micro pockets of Ghaziabad on the way. There is an underpass as well that connects RNE to Mohan Nagar, Loni and Shahdra; and SiddharthVihar and Indirapuram through recently developed bridge along Hindon River. “The realty growth of a region depends highly upon the connectivity with its neighbouring regions or surrounding infrastructure. Raj Nagar Extension is one such district in NCR that enjoys stunning connectivity due to NH 58, NH 24, several sector roads, underpasses; and the upcoming elevated road to U.P. gate will greatly add value. With such immaculate connectivity, the return on investment is sure to be great with appreciation bound to happen”, avers AnkitAggarwal, CMD, Devika Group.

Competitive Pricing & Capital Appreciation

Pricing factor has come out to be a real teaser for buyers planning to buy a property at Raj Nagar Extension. Being a recent development of Ghaziabad, the entire chunk of land has been planned, and is developing at rabbit’s pace. Due to this, the prices at RNE are very competitive in comparison to other parts of NCR; and due to its developing infrastructure, the appreciation is bound to take place. Properties available in the region vary from apartments to villas, duplex to plots, and almost every variety is available. The pricing of units is as low as Rs. 15 lakhs for a nuclear family to reside in a 1 BHK unit; and is available there on a higher side of the cost for ultra-luxurious units as well. “Amongst various regions in NCR, Raj Nagar Extension scores well above when it comes to pricing of properties. A critical reason why footfall and conversion is higher in Raj Nagar Extension is due to the prices. Even during the phase of slowdown in Indian realty market, this region observed a very slight dip in prices, and has now overcome the situation due to its rapid paced development. Average pricing in the region is between Rs. 2500 – Rs. 3,000 per sq. ft., which is quite economical, considering the rate of growth in the region”, enlightens Deepak Kapoor, President CREDAI – Western U.P. & Director, GulshanHomz.

Lower pricing plays an integral role in gaining footfall and sales, but this can get limited if appreciation does not take place. RNE as a region enjoys hefty capital appreciation each year, riding on continuous infra upgradation and superb connectivity. Due to high volume of residencies in the region, end users are far more in number than investors. But at the same time, commercial setup is gaining momentum that will pave way for investors as well. “The region due to its ever-growing infrastructure, strategic location and closeness to two major National Highways allows it to witness a strong capital appreciation. Real estate sector went through a series of price corrections recently, but Raj Nagar Extension was least affected. The demand for housing is picking up pace with several projects offering possession as well. As more and more commercial setups come up, the demand will keep on rising with appreciation moving parallel”, states VikasPundir, Director, SKB Group.

Commenting on the overall realty prospects and future growth of Raj Nagar Extension, KushagrAnsal, Director of Ansal Housing concludes, “Raj Nagar Extension is a complete real estate region with a perfect blend of residential and commercial complexes. The region is complete with civic amenities for the public along with supporting entertainment facilities. Its locational advantage and connectivity with neighbouring regions makes it a complete package for end use as well as investment. Promise of returns with reasonable pricing makes it a great deal for any income segment or demographics. With so much in pipeline for the infrastructure of the region, future prospects look bright and will make this region a highlight of NCR realty.”

Mantri Square invites moms of Bangalore to the 4th Edition of “Super Mom” Register to be the ultimate “Super Mom” of 2016

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Bangalore, th May, 2016: Mantri Square, Bangalore’s ultimate shopping & entertainment destination has announced the 4th Edition of ‘Super Mom’. The hunt for Bangalore’s favorite “Super Mom” will start on the 6th of May 2016 with registrations taking place at various locations such as housing societies, salons and within the premises of the mall. Interested participants can also visitwww.mantrisquare.com for registration. This special event will see mothers competing in various contests across different categories tomake their way towards the big title which will be announced on the 29th of May 2016 at the mall.

Designed as a platform for mothers to showcase their talents, “Super Mom 4” invites mothers across all age groups to participate.50 candidates will be shortlisted for the semifinals on the 28th of May 2016 and 15 will be selected for the finale on the 29th of May, 2016.

Judging the event this year will be prominent women from various walks of life. Speaking on the success and 4th edition of the contest, Mr. Majd Mashfej – Head-Mall Management, Propcare said ‘This is our 4th edition and we are really excited to introduce some new elements this year. We at Mantri Square truly believe that mothers are an important part of our lives and we need to celebrate them and “Super Mom” was created to do just that. The event will give these heroes a platform to showcase their talents while having fun.”

The winner will be awarded an all expense paid trip to Singapore for 4 days and 3 nights, while the runner up will win a domestic holiday, followed by a two wheeler prize for the second runner up.

Contest details:

RegistrationDate: 6th – 20th May, 2016

Venue:Mantri Square, Malleshwaram

Preliminary rounds: 21st& 22nd May, 2016

Venue:Mantri Square, Malleshwaram

Semi Final & Finale: 28th May & 29th May, 2016

Venue:Mantri Square, Malleshwara

Come be a part of Mantri Square’s“Super Mom 4” contest!

5th Edition of RESCOM-Summit India

“Tier 2 and 3 cities witnessing massive boom in residential realty development,”- Ganesh Babu, Director, IDE Consultancy

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Bengaluru, May 05, 2016: “Realty reports indicate that Tier 2 and Tier 3 cities like Vadodara, Mysore, Mangalore, Coimbatore, Vizag, Indore, Cuttack, Mangalore, Pune, among others have an immensely high demand for residential realty. According to a study by PropEquity, Vizag recorded a 41% absorption of residential units in 2015, with Trivandrum and Vishakhapatnam being close behind. Tier 1 cities, on the other hand continue to witness a high absorption rate of commercial real estate in the form of Office Retail Complexes (ORCs) according to studies conducted by Jones Lang Lasalle. Fashion, F&B and health care management are forerunners in this segment,” said Ganesh Babu, Director IDE Consulting Services Pvt. Ltd while announcing the 5th edition of IDE’s immensely successful B2B initiative – RESCOM-Summit India which was held at Sheraton Grand on May 5th and 6th.

IDE organized the 5th edition of RESCOM to bring Tier 2 and Tier 3 builders in direct contact with quality suppliers, emphasized Ganesh Babu. Additionally, at RESCOM, architects and developers of commercial spaces in Tier 1 cities were able to interact to facilitate sourcing of international quality products to keep up with the demands of maintaining global standards.

A first in the B2B industry, RESCOM is an event that brings together Procures (builders, developers, PMCs, architects and designers) and Suppliers from across India onto a single platform to interact and ink deals on the spot. The Summit aims to bridge the gap between the two segments by ensuring that key decision-makers from both sides are a part of the summit and have first choice on the brands that they would like to interact with.

This year’s edition of RESCOM saw close to 77 participants among the procures and 42 from the suppliers. Among the procurers in attendance were Puravankara Projects, EMAAR MGF, Piramal Group, Reliance Industries, Shapoorji-Pallonji and Godrej Properties. Among the suppliers were brands like Durian, Hafele, Panasonic, Hepzhi and Voltas .

Outlining the meticulously planned details of the two-day event which was held at Hotel Sheraton Grand on May 5th and 6th2016, Ganesh Babu said, “What makes RESCOM-Summit India stand tall among other B2B initiatives is that it organizes pre-scheduled 20 minute face-to-face meetings between procurers and sellers speeding up the process of procurement and delivery.”

 “Procurement is key for a builder and being able to source good quality products is essential, as it is our reputation at stake;” says Mr.Srikant Srinivasan,President – Procurement, Puravankara Projects “An event like RESCOM ensures that these meetings happen and the right partnerships are forged and quality products are sourced for our projects”

Speaking on the announcement of RESCOM 2016, Ms.Meena Kshirsagar, Vice President – Projects, Durian Industries Ltd, representing the suppliers says, “An event like RESCOM does for us, what usually gets stuck in business red tape – organize face-to-face meetings with decision-makers. With all the background details such as budgets from the builders and clear-cut services from us being outlined from the get-go, no time is lost in preliminaries”.

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