July 2016

Habitat Ventures receives top Honours at the 5th Annual ‘SiliconIndia Bangalore Real Estate Awards’ 2016

Habitat Ventures awards

Bangalore 22 July 2016: Habitat Ventures, Bangalore’s very own architect and builder after recently getting funded by Piramal Ventures and launching a projects at a prime location with full metro connectivity have now bagged top honour for the architectural design for one of their upcoming projects. ‘Habitat Iluminar’ has been awarded the ‘Best Architectural Design Project of the Year 2016 – Bangalore’ at the prestigious 5th annual ‘SiliconIndia Bangalore Real Estate Awards’ 2016.

‘Habitat Iluminar’ is Habitat Ventures’ project, which was launched recently. Located off Mysore road, Habitat Iluminar is located at a short walk from the upcoming metro station near RV Collage, 900mts from the Kengeri bus stand and 1km from Global Village.

Habitat Illuminar provides luxury housing at affordable prices, with focus ona functional & efficient design. The prime focus has beenmaximize the space utilization and thus provide maximum value to its residents.The focus of the Architect-Developer Team has been to optimally harness the use of natural light and ventilation.  Using material &technologies to improve the thermal efficiency and make the homesmore energy efficientin the long run.

Talking about the award,Mr. Shivaram Kumar Malakala, Co-founder and Joint MD, Habitat Ventures said

“Being architect-developers, this award for the Best Architectural Design is close to our heart.  This recognizes the patient & persistent efforts of ourdesign team under the guidance of my partner, Bhaskar to work through the umpteen iterationsto achieve the optimal design functionality and efficiency.”

The award was a part of the annual ‘SiliconIndia Bangalore Real Estate Awards’ held on 15th July 2016 at The Lalit Ashok Hotel, Bangalore. Anelite jury panel comprisingof industry professionals picked the winners from more than 110 nominations.

Brigade Showcase 2016, Brigade Group’s annual property exhibition to be held on 23rd& 24thJuly, 2016 in Bengaluru.

Bengaluru, July 18, 2016:  Brigade Group, one of India’s leading developers headquartered in Bengaluru is organizing the 9th edition of its exclusive and popular property exhibition ‘Brigade Showcase 2016’ on 23rd & 24th July 2016 at the Sheraton Grand Bangalore Hotel at Brigade Gateway. Brigade Showcase 2016, will feature the Group’s entire range of ongoing and forthcoming projects across residential, offices and retail projects in South India. 30 projects including 3 prelaunch projects spanning budgets from Rs. 40 lakh to Rs. 7 crore would be showcased at the event. There are great price offers, assured gold and hospitality vouchers and hourly surprises to be won. The event is open from 10 am to 8 pm on both the days.

According to Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Group;

‘Brigade Showcase has garnered a reputation for being the best time to buy a Brigade property at the best rates, from a wide array of projects, under one roof. This year the theme of Brigade Showcase is “Happiness” which is in line with our new tagline- Building Positive Experiences. I’m certain our prospective buyers will find their home at the event which is simultaneously being organized in Bengaluru, Mysuru and Mangaluru’.


For information on Brigade Showcase visit

B.PAC strongly objects to the silent passing of Karnataka Urban Development Authorities (Amendment) Bill without discussion or debate!


In a move invoking a strong sense of déjà vu, the Karnataka Assembly has now passed the Karnataka Urban Development Authorities (Amendment) Bill, 2016 without any discussion. The Bill has attracted attention owing to its controversial clauses aimed at reducing the space to be allocated for public parks and playgrounds and the space afforded to civic amenities.

Section 16 of the existing Karnataka Urban Development Authorities Act, 1987 mandates the reservation of 15% and 10% of the total space of new layout for public parks and civic amenities, respectively. The amendment bill seeks to bring these space reservations down to 10% for public parks and playgrounds and 5% for civic amenities.

Presently, the bill lies with the Governor awaiting his assent. It is our earnest plea to all citizens of Bengaluru to get together and make our objections to this horrendous legislation heard to the Governor.

B.PAC would like to raise the following rallying points:

  • The moniker of ‘Garden City’ is becoming a bit ironical in a city fast losing its parks and playgrounds to illegal encroachments. Moves such as this legislation are the first step towards a slow demise of the public park culture of the city.
  • Surreptitious encroachments on civic amenity spaces and public parks in BDA layouts has been a recurring trend across Bengaluru for some time now. This legislation will legitimize the reduction of these spaces in favour of commercial interests.

Demand: The legislation should instead suggest measures for better protection of the existing public parks and civic amenity spaces from illegal encroachments.

  • The issue of public playgrounds needs to be considered separately as its main users are children, who are not participating stakeholders. Accordingly, special care must be taken to protect their interests, which in this case, is to maintain the existing playgrounds or even introduce new ones.
  • This point of confrontation must serve as a call to the citizens of Bengaluru to ask for data on parks and civic amenity spaces to be made more visible to the public.

B.PAC appeals to all citizen groups, RWAs and other civic organizations to unite in our appeal to the Governor to reject the bill. Please write in to us:

For more details, contact: Varun Panicker: +91 9886755181





Delhi/NCR: In an exclusive press conference organised by NCR’s leading consultancy company, ‘Property Guru’, the company in collaboration with NCR Group, which has launched the ‘Noida Start Up Yojna’, wherein any commercial property purchase if planned, will be made available at a cost of mere Rs. 12 lakhs to meet and fulfil the dreams of lakhs of aspirants who prefer real estate as a profession and career. This project is an initiative to support government’s plans of Make In India, Digital India and Start Up India.


This scheme is being made exclusive for the project Auriel Towne which is all set to be developed as a mixed-land use project, where the commercial part is been launched today. The total area of the project is 10 acres/40,500 sq. mtrs. approx., where residential part will comprise of 3.25 lakh sq. ft. and 12 lakh sq. ft. for the commercial development. The commercial setup will offer approx. 1,000 units of corporate studios in two sizes of 345 and 380 sq. ft., 500 retail spaces in six sizes varying from 115-285 sq. ft., 900 office spaces in three unit sizes, 315, 365 and 410 sq. ft., along with a hospitality division. The project has been planned on a prime location of the region that will connect Delhi & Noida by a 130 mtr wide road. The project will be accessible from Noida City Centre Metro Station via 15 minutes drive, 10 minutes drive from the proposed Greater Noida West Metro Station/NH 24/ Pari Chowk, 2 minutes drive from the to be operational FNG Expressway, 15 minutes driving distance from Shipra Mall/Fortis Hospital, 20-25 minutes drive from DND Flyway and Sector 18 Noida’s Atta Market. The current starting price for retail shops stands at Rs. 10,000 per sq. ft., Rs. 3,999 per sq. ft. for office spaces and Rs.11,90,000 for corporate studio space. The company plans to deliver the project by December, 2020. All the documents relating to land ownership and commencement of construction are duly met, and the land is itself approved by GNIDA. There is a special scheme for CA’s, Doctors, IT Professionals, Lawyers and Industry consultants. The registration amount for the property will be Rs. 5,100 with availability of property purchase without any bank loan.


Speaking on the launch occasion, Vikas Sahani, CMD, Property Guru said, “Real estate sector in India offers huge potential in terms of job opportunities and entrepreneurship. By coming out with this project along with such a unique Start Up scheme, we plan to offer a business dream to those who believe real estate sector has better returns than any other business in our country. The project has been located very strategically and Greater Noida West as a region promises great returns in terms of growth and infrastructure. With its proximity to Noida, Delhi, Faridabad and Ghaziabad, the project will cater to a much broader audience with higher footfall.”

4 (1) lists over 1K residential buildings under ‘Zenify Homes’

New Delhi, July 12, 2016: – Going far beyond its expected growth,, an online home rental aggregator & management startup, has achieved over 1000 property listings under its category ‘Zenify Homes’. The glorious milestone has been achieved in just 4 months since the launch of this service, enabling the company to play a key role in standardizing the rental residential property market in Bengaluru.


Launched in February this year, ‘Zenify Homes’ was introduced as a viable service to enable better management of residential buildings as well as ensuring maximum retention of tenants. It specifically caters its services to building owners/managers who may be encountering some difficulties in managing the premises or dealing with the residents.

Commenting on this accomplishment, Sudarshan Purohit, CEO & Co-founder, said, “We are extremely delighted to have achieved this milestone in such short span of time. With our management services gaining prominence in individual rental properties, we knew it was time to introduce a new category which can exclusively assist residential building owners to supervise their property effectively. We are happy to know that more and more building supervisors are now utilizing our services to improve the overall management of their property, and we hope to maintain this growth in the near future as well.”

Elaborating further on this achievement, Shantakumar S. Harlapur, Manager – Sales, said, “This milestone is very crucial for as it has helped us gain strong foothold in real estate market. With ‘Zenify Homes’, the company has been able to tap into a segment within this industry which was previously ignored. Poor management, maintenance, and/or lack of secondary services are just some of the reasons why most residential building lose potential tenants. However, with our comprehensive management services, most building owners have now been able to turn their properties into one of the most sought after among renters.”

Under this category, takes full responsibility of managing a property. Some of its services include – Waste management, 24/7 security, Housekeeping, Bill payments, and other maintenance services as and when required.

​An upward swing in real estate

The residential real estate market, after a couple of years of sustained sluggishness, has shown a great deal of improvement in the first quarter of 2016 – Jan to March. International property consultant agency Jones Lang LaSalle, in its latest data on India, indicates the sales in the residential homes sector has risen by 9% at 42,521 units in the first quarter of 2016, up from 39,001 units the same time last year.

It estimates that the real estate sector witnessed the worst phase in 2015-2016 with sales and prices plummeting down to an all new level. High inventory levels, diminished demand, and limited liquidity were among the factors that impacted new launches. The JLL report forecasts a change in trends based on the expectation of a good monsoon, a revival in the economy, reduced inflation and the fact that residential prices have bottomed out.

Certain Government schemes like smart cities, AMRUT, and ‘housing for all by 2022’ are beginning to exercise a positive influence on the residential real estate market. Another important factor is the factoring in banks’ passing on interest rate cuts to customers, thereby creating more leeway for investment.

Mr. Om Ahuja

 Mr. Om Ahuja, residential CEO at Bangalore based Brigade Enterprises pointed out that with over 11 million office spaces leased in calendar year 2015, he expects over 1.1 lakh new jobs and believes this momentum will continue for the next four to five years in Bangalore.

Mr Suresh Hari

Mr. Suresh Hari, secretary of CREDAI, Bangalore, said “The first quarter sale is the good indicator of the overall growth during the first year. The sign of good monsoon and possibility of GST being rolled out creates better market sentiments. The overall economic situation is looking up across all sectors and it will fuel better pick as the year progresses. Many elections have been completed and surrounding uncertainties have been cleared and this will fuel better growth on all fronts.”

He also added, “The high level of taxation is the primary concern of the sector. Ultimately this fuels price increase and subsequent demand fall. With the expected GST implementation, better sentiment prevails. The RERA bill will usher in better confidence among the investing public. The challenge is on the management of the act. The rules when framed and authority appointed, the necessary process will start. We are sure the rules will be framed in a manner that is fair to all stakeholders.” He also indicated that the market sentiment is fast improving and it is likely to expect a good pick up in the second and third quarters.

An upwardly mobile rapidly changing real estate sector requires various catalysts at work, like metro rail connectivity, which increase land value. Experts believe that rising optimism emanating from efforts to increase affordability, stimulate economic growth, along with subtle reforms by the government would be likely to result in higher enquiries for residential purchase.

Mr. Ganesh Babu, Director, IDE Real Estate Consulting Services said, “Interestingly, 2016 had started on a sunny note. The residential real estate market, which had witnessed a slump in project launches in 2015, showed a visible comeback in the first quarter. There was a six-fold increase in launches of the affordable housing projects, as developers predicted greater demand in this highly price-sensitive segment. One way or the other, factors have now transpired to make residential real estate a buyer’s market that gives buyers the upper hand. They have a lot of options to choose from, with the added benefit of flexible rates and attractive payment plans.”

He added, “The developer should focus on the type of clientele profile he is targeting, i.e. Local or NRI/investor. If it is a local client, it has to be affordable housing in order to fit in his budget. In case of NRI/investors, the developer has to assure a price appreciation, which can be difficult in the present scenario.”

Cyriac Joseph

Mr. Cyriac Joseph, vice president of Vaishnavi Group said, “Going by recent trends, overall positive sentiments and customer response, there is good reason to believe that the sales will indeed continue to improve over the next few quarters. Amongst others, the recent buoyancy seen in the office space segment will drive this momentum. Project delivery will be a key factor and will bolster customer and investor confidence. This in turn will signal better and faster home sales and possibly a spurt in launches in some key markets. Overall, there is expectancy of consolidation followed by a gradual increase in prices.”

He also pointed out that this current period is as good a time as any for residential real estate consumers to make that all-important purchase decision, and that the recently introduced Real Estate Regulation & Development act will definitely boost customer confidence. 


Sobha bags two prestigious awards at Construction Times Builders Award 2016


Bengaluru, July 8, 2016: Sobha Limited, the most trusted real estate brand, has won two prestigious awards at the recently held Construction Times Builders Award 2016 in Mumbai.

Sobha Limited has been honoured with the ‘Best Developer of the year 2016 award and the Chairman, Mr. Ravi Menon, has been bestowed with the ‘Best CEO of the year 2016’ award at the ceremony in recognition of his commendable work and contribution towards strengthening the foundation of the Company.

Speaking on the occasion, Mr. Ravi Menon, Chairman, Sobha Limited said: “It is a special moment for me and the Company to receive these prestigious awards from an esteemed media house. Our philosophy of ‘Passion at Work’ and continued commitment in offering world-class quality and aesthetically-designed products has helped us set industry benchmarks in terms of transparency and timely delivery. These awards will certainly motivate us further to deliver exquisite projects with perfection, in time with transparency.”

The grand award ceremony witnessed the presence of Shri. Prakash Mehta, Hon’ble Minister of Housing, Labour & Mines, Govt. of Maharashtra and Shri. Eknath Shinde, Hon’ble Minister of PWD, Govt. of Maharashtra as guests of honour. The event also hosted prominent industry leaders across construction and real estate sector.

Construction Times is a monthly B2B magazine focusing on the vital sectors of the industry such as cement, real-estate, building material, infrastructure, green buildings, equipment, electrical, logistics, automation, banking, architecture and interiors. It is owned by ARK Events & Media Pvt. Ltd. Through its well-researched articles, case-studies, research reports and interviews of eminent personalities from the industry, it highlights trends foreseen in the industry along with strengths and achievements of major companies. Construction Times Builders Award is an esteemed annual event of the organisation.



NEW DELHI, July 8, 2016 – Honeywell (NYSE: HON) today announced the second edition of the Honeywell Smart Building Awards in India, calling for entries from across the country. Honeywell has partnered with the Network 18 Group (media partner) and KPMG (process validators and evaluators) to launch the Network 18 & Honeywell Smart Building Awards 2016.

Participation in the competition is open to all building owners and facility managers across India who agree to be evaluated under the parameters of the Honeywell Smart Building ScoreTM, a global building assessment framework. Participants will take a self-assessment of 15 technology asset groups that make a building green, safe, and productive, based on their building systems’ overall capability, coverage of the facility and uptime.

The scores will be validated by KPMG and affirmed by an eminent jury composed of India’s leading authorities on energy efficiency, safety, security, and productivity in buildings.

“We are glad that the concept of smart building technologies is evolving and is being adopted across commercial and residential spaces. With Honeywell’s shared vision with the Government of India’s 100 Smart Cities initiative, Honeywell Smart Building Score and Honeywell Smart Building Awards strive to deliver measurable results and to give recognition to the  buildings that drive green, safe, and productive outcomes,” said Anant Maheshwari, president, Honeywell India.

Honeywell successfully launched the Honeywell Smart Building ScoreTM in India in June 2015, a first-of-its-kind global tool to measure a building’s smartness. The tool was subsequently launched in six countries across the United States, China and the Middle East. Among the tool’s measures:

·         The Green asset group measures the environmentally sustainable components of a building. It  includes a building’s use of energy sources, utility sources, temperature control, energy control, and utility control, all of which impact carbon emissions, a facility’s environmental footprint, and utility costs for the building occupant or user.

·         The Safe asset group measures the safeguards for the building, its occupants, users and owners. It includes people, vehicle and material security, fire safety, gas safety, worker safety, and disaster response systems.

·         The Productive asset group measures enhanced comfort and productivity for users and owners. It includes technologies that help boost productivity include indoor air and water quality sensors, people, vehicle and material circulation, personalization, connectivity, and energy quality.

Honeywell is uniquely positioned with the broadest technology solutions portfolio that serve buildings to support India’s 100 Smart Cities vision, and is already working on several significant projects, including Bhubaneshwar in Odisha, Aurangabad in Maharashtra, Ujjain in Madhya Pradesh, and an 11-city project in a large central state.

CREDAI Hyderabad pledges support to “Telangana Ku Haritha Haram”

 CREDAI to plant & maintain 1,00,000 trees on 11th July 2016 at Hyderabad Central University Campus

 Hyderabad 7th July 2016 – CREDAI, the Confederation of Real Estate Developers’ Associations of India, country’s apex body of private real estate developers, as a part of their CSR initiative has pledgedsupport to “Telangana Ku Haritha Haram” an initiative by the Government of Telangana State to plant 25 Lakh trees on July 11th 2016 by planting and maintaining 1,00,000 trees at the Hyderabad Central University Campus for the next 3 years. “Telangana Ku Haritha Haram” is a unique and ambitious initiative by the Government to increase the Green Cover over Hyderabad with mass participation with the theme “Each One, Plant One” and sensitize the people about the importance of planting trees and maintaining a clean & green environment in the city.

CREDAI Hyderabad Telangana Ku Haritha Haram

Considering the importance of Haritha Haram, CREDAI came forward to support the noble cause of the government to increase green cover in the city, and has taken up the tree plantation to plant 1,00,000 saplings onJuly 11, 2016, and has requested the government to allot a large area for plantation. The government has allotted about 350 acres of land in the campus of the University of Hyderabad, where good part of the campus still needs plantation.

CREDAI CSR initiative

As time available was short, this massive plantation requires meticulous planning and project management skills and mobilization of special purpose machinery for clearing the bushy growth, for deep ploughing and for drilling one lakh pits, transporting the saplings from distant two nurseries, as at one nursery sufficient saplings are not available. CREDAI has divided the vast expanse of land into a number of sectors. Each sector is further divided into sub-sectors, and each such sub-sector is allocated one supervisor and volunteers from amongst the staff of CREDAI members. Each sector will be managed by an engineer. Presently the work is on its full swing, and pitting by special purpose JCBs is being carried out.The transportation of saplings will begin four days before the target date, the July 11, 2016. CREDAI will transport 50,000 saplings of different varieties from Tellapur HMDA nursery and the other 50,000 saplings from Shamshabad Nursery. One sapling will be placed next to the pit a day prior to the event to ensure seamless execution on July 11th 2016.

Speaking about the initiative Mr. S. Ram Reddy President, CREDAI Hyderabad,said, “Building the Green Cover for Hyderabad has been an endeavor of the members of CREDAI. Today the developers undertake the projects providing over 70% lung spaces for their respective projects. When the Government announced the massive drive to plant 25 lakh trees on a single day, the members of CREDAI could not be left behind in this noble initiative. We are going to plant 1 Lakh saplings in the allocated land at Hyderabad Central University Campus and we believe we will be the single largest private body to plant 1 Lakh saplings on July 11, 2016. The teams of CREDAI volunteers are closely monitoring the progress to ensure a seamless execution on the Target Day.”

Adding to this Mr.P. Ramakrishna Rao, General Secretary, CREDAI Hyderabad, said, “Telangana Ku Haritha Haram” is a noble initiative by the Government of Telangana State and we fully support the Government in this massive drive to plant 25 Lakh trees on a single day. We got the land for the plantation on 15th June 2016. Since then a CREDAI projects team is working round the clock to ensure the necessary preparations are in place to ensure we plant 1 lakh saplings on 11th July 2016. Our members are mobilizing their staff, engineers, workers from their project sites to be part of this mega drive and make it successful. We would be extremely grateful if our beloved Chief Minister Shri. K. Chandrasekhar Rao garu could take his valuable time out and visit our plantation site. It will give us immense motivation to CREDAI Members.”

Adding to this Mr. G Ram Reddy, President, CREDAI, Telangana said, “We are partnering with CREDAI Hyderabad and ensuring the success of “Telangana Ku Haritha Haram” a mega initiative to build a green cover in Hyderabad and its neighboring areas. “

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