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PROPERTY NEWS FOR YOU

Month

September 2016

Shopping on Amazon could win you a Brigade Home

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Bangalore, September 30th 2016: Leading real estate developer Brigade Group has entered into a partnership with Amazon India that will excite every home aspirant in the country. Brigade is offering a 2BHK home at Brigade Orchards to one lucky winner as the bumper prize for a lucky draw at the Amazon Great Indian Festival Sale that is scheduled to take place between October 1st and October 5th 2016.

Speaking on this partnership, Mr. M R Jaishankar, Chairman & Managing Director, Brigade Group said, “The festive season is a time when a number of people look at investing in the home of their dreams. The Amazon Great Indian Festival is a much anticipated online shopping festival and we believe the incentive of being able to win a quality home from  Brigade Group will be an added bonus. We are pleased to be associated with the pioneering event of Amazon, in this first time offer on an e-commerce platform. We believe it takes little incentive to shop for a good deal, but with this offering, the Indian shopper couldn’t ask for something better”.

“This year we recognize and celebrate the big heartedness that underlies festivities and have themed the Great Indian Festival as Tyohar Bade Dilwala. These marathon 120 hours of the event mark our continuing commitment to work closely with marquee partners like Brigade to delight customers across India and fulfill one lucky customer’s dream of owning a home this Diwali. We have blockbuster product deals for our customers during the sale and we are very excited to give customers an experience of a lifetime as they shop on Amazon.in this Diwali” said Mr. Manish Tiwary, Vice President, Category Management, Amazon India.

The 2BHK home offered is at Brigade Orchards, Bangalore’s 1st smart township in Devanahalli. This integrated township is strategically located close to the airport, spread over 130 acres and built on sustainability principles. Amenities include a club resort, a sprawling sports arena, an Arts village, school, hospital, offices and over 100 features making it an ideal home and investment.

The offer is as simple as it gets and is a first for e-commerce shoppers in the country. Shop for Rs 500 and above on the Amazon App during the offer days and be eligible to be part of the draw.

For more information on Brigade Group visit www.brigadegroup.com or visit www.brigadeorchards.com for details on Brigade Orchards.

Prestige Estate tops in city’s Most Reputed Real Estate list, Embassy Group and Brigade Group follow

DLF, Godrej Properties and Lodha Group top in the All India Most Reputed Real Estate list

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Bangalore, India, 27th September, 2016: Prestige Estates (all India ranked 6th) topped in the city’s Most Reputed Real Estate list in a recently launched report. The second position in Bangalore is held by the Embassy Group (all India ranked 12th) followed by Brigade Group (all India ranked 15th) ranking third. RMZ Corp (all India ranked 16th) ranked fourth in the city. Sobha Developers (all India ranked 19th) seized the fifth position followed by Puravanakara Developers (all India ranked 28th) ranking sixth. Mantri Developers (all India ranked 29th) ranked seventh and Ozone Group (all India ranked 43rd) ranked eighth in the city’s Most Reputed Real Estate list. The ninth and tenth positions in Bangalore are held by Bagmane Developers (all India ranked 48th) and Nitesh Estates (all India ranked 54th). A total of 57 Real Estate brands were listed in the report, which saw ten brands from Bangalore. Gurgaon-based DLF ranked as India’s Most Reputed Real Estate brand in the report, conducted by Blue Bytes in association with TRA Research (both part of the Comniscient Group). Mumbai-based Godrej Properties trailed DLF at the second spot. Another Mumbai-based developer, Lodha Group featured third, followed by Hiranandani Developers in the fourth place with a Brand Rep Score 14% lower than Lodha. Tata Housing ranked fifth with an 18% lower Brand Rep Score. This Report is the third in the India’s Most Reputed Brands series. Blue Bytes is set to launch a Report each month covering different sectors. The report evaluates Brand Reputation by analyzing media perception and consumer perception.

“Realty in India is intimately connected to progress, to growth, to business success, and to the asset building of its populace. Though Real Estate investments in the coming years may not give the returns it has been giving for the last 2 decades, this can only be seen as a sign of the maturity of the Industry. Maintaining a good Reputation in this competitive Sector is a tough task, as the Industry is intricately connected to social status, finances, and foresightedness. Bangalore has been the fastest-growing city of India since the past few decades and Real Estate has been majorly responsible for this aggressive growth and development in the city,” said Pooja Kaura, Chief Spokesperson for India’s Most Reputed Brands.

India’s Most Reputed Real Estate Brands was a study conducted within the Real Estate Industry with BlueBytes analyzing news of 57 realty brands in all the major English and Hindi print media (newspapers and magazines) across 9 cities as a representative of the news across all media. A total of more than 27,000 articles related to different Real Estate brands were captured in the period between August 15, 2015, and August 15, 2016. In addition to news analysis, the consumer’s perception was also studied and this part of the analysis was contributed by TRA Research, which interviewed 2,500 consumer-influencers on the aspect of Respect. The 60-page, soft-bounded report is available for Rs. 999/-.

Namma Bengaluru Foundation raises pitch for compensation to BBMP demolition drive victims; writes to Chief Minister of Karnataka

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Bengaluru, September 28, 2016: In a bid to draw attention towards the plight of several Bengalureans who have been rendered homeless post the BBMP demolition drive, Namma Bengaluru Foundation (NBF) has written to the Hon’ble Chief Minister of Karnataka Shri. Siddharamaiah and to the Chief Secretary Shri. Aravind Jadhav. The letter highlights the clear need for the Government of Karnataka to take accountability and ownership of the situation by duly compensating the victims. The letter also brought forth some hard hitting facts highlighting the difficulties faced by innocent home buyers due to the criminal nexus between unscrupulous builders and corrupt officials. Along with the letter, NBF also submitted a petition to the Chief Minister, duly signed by 1400 concerned Bengalureans, demanding – no double standards in demolitions; compensation on humanitarian grounds and criminal prosecution against corrupt builders and officials.

Sridhar Pabbisetty, CEO, Namma Bengaluru Foundation said, “On grounds of humanity and as a moral responsibility towards people who have been affected by the demolition drive, Government must take cognizance and provide timely relief. We sincerely urge the Government of Karnataka to take concrete, corrective measures to help those in distress. Utmost priority should also be to penalize the builders and officials who have violated the law of the land with these projects.”

Early this month, members of Namma Bengaluru Foundation visited affected areas in all 8 zones of Bengaluru to spread a word on the fight for accountability and justice from the government. The organization received encouraging response from the people of Bengaluru, who want the State government to put an end to the menace of corruption, negligence and mal-governance.

iDecorama launched by Architect Hafeez Contractor and Sussanne Khan at its flagship design show

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iDecorama.com and mobile apps was recently launched at country’s most anticipated luxury home décor exhibit – The Decorama Design Show which was anoverwhelming success.

The event was hosted at the Sapphire Ballroom, Sahara Star Hotel, Mumbai on September 2-4, 2016. Some of the leading brands such as Grandeur Interiors, klove studio, Iqrup + Ritz, B&B Italia, Andreu World, Flexform, Quinti, VibhorSogani, SaritaHandaand others unveiled new and exquisite collections at the show. Over 6000 visitors walked in to network and peruse through the collections of 45 celebrated brands in the industry.

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The 3-day event marked the company’s launch of the official website iDecorama.comand mobile apps which arepoised to be the largest community connecting the service professionals, suppliers and end-users.iDecorama.com officially went live on September 2, 2016 at the click of a button by theChief Guests Ar. Hafeez Contractor – AHC, Sussanne Khan – The Charcoal Project and Italian Consul General to India Ugo Ciarlatani.

“Building and remodelling is an incredibly frustrating experience in the country. The market for professionals and vendors is highly unorganised. Our vision is to eliminate the barriers that exist between owners and good design, and between trusted service professionals and their customers. iDecorama aims to deliver the best technology, user experience, a thriving active community and unique products.”Bharat Sethi, CEO and Co-Founder, iDecorama.

While Sussanne khan reiterates, “The idea of iDecorama platform sounds amazing and its something that is much needed, given the design talent in the industry right now and its nice to have one platform to connect people and help achieve efficiency. So it’s a great idea and I happy to be a part of this whole event.”

With iDecorama, users can filter through design ideas posted by experts and discover all they need to fully inhabit their spaces and make them beautifully functional – be it home or business. They can also connect seamlessly with architects, interior designers, contractors and many other service providers who share their work and keep the community updated on their latest projects, industry updates and market trends. The apps make the discovery of unique products in over twenty five categories including home appliances, bedding, bathing, flooring, furniture, lighting and more from manufacturers, online marketplaces, and largest brands to boutique stylish businesses simple and removes efficiency from the current system.

Spread over an expansive area of 2500 sq. m., the exhibit,inclusive of the leading lighting installation brands, modular kitchens and wardrobes, high-end furniture to hand-embroidered upholstery, captivated the attention of the visitors. The event was graced by the presence of eminent names from the architecture and design fraternity such as Ria Talati, Nina Puri, ZahirCasssum Reza Kabul, ZarirMullanand Seema PuriMullan, ParulZaveri, PremNath, Oscar and PonniConcessao, Jimmy Mistry,Ashiesh Shah,KalhanMattoo among others. Even celebrities and notable fashion designers such as JJ Valaya and Abu Jani walked through the show.

Brigade Group Signs MoU with rental solutions provider NestAway

First Builder in India to Provide Organized Rental Assistance to its Customers

Bangalore, 23rd September, 2016: Leading real estate player Brigade Group, signed a Memorandum of Understanding (MoU) with NestAway, a premier rental solutions provider today to become the first builder in India to address the commonly-faced rental concerns of its customers on exclusive basis.

Through this collaboration, Brigade Group will offer comprehensive rental assistance to all of its existing customers as well as over 10,000 apartments in different stages of construction that are currently in the process of being readied for handover, across our projects. Brigade customers will now be able to avail of a rental default guarantee that assures them timely rent.

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NestAway, is India’s largest “managed home rental marketplace” backed by stalwarts in the industry such as the legendary Mr. Ratan Tata, Tiger Global, DST and IDG. This solution offers all Brigade home owners a professional service that will:

·         Connect a customer with verified tenants

·         Provide all legal and documentation needs for both sides

·         Ensure that the home rented out provides a steady source of income

·         Takes care of quality maintenance of the home

·         Ensures that a rental default agreement is in place so that a home owner never loses out on rent due

Speaking on the signing of this MoU, Mr. M R Jaishankar, Chairman & Managing Director, Brigade Group said, “We are proud to play a leadership role in bringing a service of this nature to the industry and to our customers. We have many existing customers looking for quality rental assistance. Assuring our clients of an organized rental and maintenance service is a value-addition that we are offering as a first in the building industry. We believe it will go a long way in enhancing the investment a customer makes in a property”

Jitendra Jagadev, Co-Founder & Managing Director, NestAway said, “We are proud to tie-up with the Brigade Group, one of the most reputed realty brands in India. This tie up is built on our shared vision of providing a seamless buying and renting experience to our customers. Assured rentals and maintenance handling are additional bonuses which help the current and future needs of Indian home buyers”

For more information, please contact:

 Mathew Abraham, Brigade Enterprises Ltd.,                      

Sr. DGM- Corporate Communications & PR, 

Phone: + 91 80 41379200                                                               E-mail: mathew@brigadegroup.com

Marble, Marble On The Wall

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KalingaStone Launches ‘Terra’ For Walls

Mumbai, September 2016: India’s leading brand for engineered stones, KalingaStone has announced the launch of its latest marble product – Terra under its existing Petra series. Manufactured by Classic Marble Company (CMC), the product is aimed at aspirational décor for both residence and commercial spaces and has been developed especially to quench the present limitations in wall cladding applications. The application areas can range from interior wall cladding for living rooms, kitchens, or other areas including bathroom walls to covering huge exterior walls.

The marble, quite aptly named Terra, has an earthy appearance, however is smooth in texture and seamless in installation. A uniform grainy surface pattern throughout its surface form a subtle wall background for any articulated landscape, antiques or furniture to stand out.

Terra, as wall cladding renders a contemporary European appeal to the space with minimalistic styling, leaving much to be played by accessorizing. Depending on the taste of the occupant and the utility, the walls could adorn a host of relics to add a rustic aura to the space. Whether hung with a vintage photo frame or an antique wooden casket pushed up the wall or even a simple brass wall clock could act as the ingredient that adds flavour to the room.

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Being an engineered marble, Terra does not break or chip easily and is scratch resistant.  Its smooth texture is easy to clean thus making it apt for exterior and bathroom spaces too. Inspired by its Italian lineage the marble has a look and feel that is almost as rich and real as natural marble and is available in standard dimensions of 304 X 125 cm and thicknesses of 12 mm, 16mm and 18 mm. The large format of the stone allows designer professionals to create unique artistic combinations of small and big stones and trendy geometrical designs. Beautiful carvings or unique finishing on a marble wall in the living room can put art itself into perspective.

For more info, please contact: 9699000300

Website: http://www.classicmarble.com/

Address: Classic Marble Company Pvt. Ltd.

15, Bhandup Village Road, Subhash Nagar, Bhandup (W), Mumbai 400078

CREDAI Pledges its Members’ support for Sugamya Bharat Abhiyaan

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September 19, 2016:  CREDAI, in line with their commitment towards making real estate sector more citizen centric, have taken up the call of Sugamya Bharat Abhiyaan. Announced by the Honourable Prime Minister Narendra Modi, Sugamya Bharat Abhiyaan or Accessible India Program is a nationwide flagship campaign for achieving universal accessibility for people with disabilities and to create an enabling and barrier free environment, with a focus on three verticals: Built Environment; Public Transportation and Information and Communication Technologies.

The Pledge, signed by Mr. Irfan Razack – Chairman, Mr. Getamber Anand – President and Mr. Jaxay Shah – President Elect of CREDAI commits its 11,500 members nationally to the guidelines under CREDAI Pledge for Accessible Buildings.

Inspired by the vision of Hon’ble Prime Minister of India Shri Narendra Modi for Sugamya Bharat, members of CREDAI hereby undertake the pledge on the Seventeenth Day of September, 2016 that we shall in all our developments, projects and buildings conform to ensuring accessibility to all and that we shall be guided by the standards under Accessible India Programme in all our conduct.

Under this pledge, CREDAI members would incorporate more accessibility features in their projects. The developers are also expected to ensure that all their existing projects are accessible to differently abled individuals and remove any and all hindrances they may face in accessing or residing there.

Commenting on the initiative, Mr. Getamber Anand said, “CREDAI is happy to associate all its 11,500 members with the Prime minister’s initiative for an accessible and included India. All our 11,500 members have come forward to sign the pledge to take into account the needs of each and every consumer. Where most developed nations have taken up the initiative with gusto and made accessibility mandatory by law, India still lags behind in providing access to a considerable segment of its population. This, especially in the light of the Paralympics where Indian athletes are showcasing exemplary performances. We have decided to get up and take notice of this serious deficiency. We feel that by designing and constructing accessible buildings, CREDAI members would come closer to its consumers”

Mr. Irfan Razack added, “CREDAI expects the sector to move ahead with the times and this pledge is a step in that direction. We want to ensure that our consumers don’t face any difficulty in something as basic as accessing the very homes they reside in. Basic amenities such as Braille compatible lifts, Wheelchair ramps and hearing impaired infrastructure is something people in the West take for granted. Where we are slowly pushing for urbanisation and modernisation we have to also ensure that we are taking every citizen along the path of growth. We believe that the pledge will set the momentum for all real – estate community to work towards this initiative.

​​Thousands Throng CREDAI’s Realty Expo at Hotel Park Plaza

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Bangalore, September 3rd, 2016: Hotel Park Plaza, Marathahalli, the venue for the CREDAI-Bengaluru Realty Expo, held on September 3-4thsaw thousands of prospective home buyers walk on the first day today. The Expo has numerous projects covering most areas in Bangalore city on display.

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This two-day Expo had under one roof 42 builders and 3 financial institutions each of which interacted with prospective customers. The Expo was inaugurated by Mr. KK Malpani, Founder President CREDAI-Bengaluru. Speaking at the inauguration, Mr. Malpani said, “Real estate is growing immensely in Bengaluru for the last couple of decades. Developers from across other cities have also started foraying into Bangalore to establish their presence due to the huge demand here.”

Realty in Bangalore is currently doing well with residential sales witnessing a stable growth of 9% to 10% each year. Residential real estate market is driven primarily by social infrastructure, proximity to workplaces, good infrastructure and access to general facilities. Micro-markets such as Whitefield, the ORR IT corridor, Electronic City and few areas in North Bangalore are witnessing demand in the steady increase demand. There is also a rise in demand for high-end residential apartments, particularly in the Central Business District (CBD), Secondary Business District (SBD), Whitefield, North Bangalore and Outer Ring Road sub-markets. Areas such as Mysore road, Hosur road, Kanakapura road etc. are also on the radar of potential home buyers.

Speaking on the event, Mr. Suresh Hari, Secretary, CREDAI-Bengaluru said, “This Expo is the first of a two-expo series and is location-based with a focus on potential customers in and around the Koramangala, Indiranagar, Electronic City and other areas in the radius of the venue. These buyers will have access to details on properties spread across Bangalore. Over the years, these Expos have grown in popularity and there is a huge demand for it. The participation this year has been phenomenal, both by builders and financial institutions and not to mention people as well. We offer a single platform for people to browse through properties that all uphold the high standards of CREDAI”.

Among the many people visiting the Expo was Harish, 34, an IT professional. Speaking on the Expo and its offerings, he said “I am looking forward to buying a flat close to Whitefield as that make commuting to my work place easy and the distance to children’s school minimal”.

The real estate segment is stable at the moment and it is as good a time as any to invest in a home. With the economy looking up, more people are looking at purchasing homes and building up their long term assets portfolio. An exhibition of this nature allows CREDAI approved projects to be showcased, along with great finance options. It also provides for interaction between people and brand, allowing for all doubts to be clarified. The expo saw customers crowd various builder stalls.

Mr. Suresh Hari also added that in India, home buying is a family-oriented decision and one that is never taken without consultation with each member of the family. “At an exhibition of this nature, family members can get together and have all their queries addressed. They will also be taken through a property and its salient points, giving them lot of food for thought to make the right decision”.

The CREDAI-Benguluru Expo is currently in progress and will be on till September 4th.

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