Parliamentary Committee seeks public suggestions on Land Acquisition Bill

New Delhi: The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment Bill, 2015) pending in the Lok Sabha has been referred to a Joint Parliamentary Committee of both the Houses under the Chairmanship of S.S.Ahluwalia. The commit will examine the Bill and present a report to the Parliament, a PIB communique said.

The government has decided to seek the views and suggestions from various public bodies, organizations, associations, individuals and other stakeholders after it faced tough resistance in both the house of Parliament for the smooth passing of the bill.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 and the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment Bill, 2015) have been uploaded on the Lok Sabha Website (http://164.100.47.134/committee/other commiittees.aspx), the release said.

All those desirous of submitting their views/suggestions to the Committee may send two copies of their written Memoranda/suggestions either in English or Hindi on the subject to Joint Secretary(RS), Lok Sabha Secretariat, Room No. 328, Third Floor, Parliament House Annexe, New Delhi-110001 or Fax at 23018865 or e-mail them at jc.landbill@sansad.nic.in by June 8, 2015.

The Memoranda submitted to the Committee would form part of the records of the Committee and would be treated as Confidential and would enjoy privilege of the Committee. Those who wish to appear before the Committee, besides submitting Memoranda, are also requested to specifically indicate so. However, the Committee’s decision in this regard shall be final, the communique further stated.

JLL India Gets Ashwinder Raj Singh as New CEO of Residential Services

Gurgaon: JLL India, the leading international property consultancy, has appointed Ashwinder Raj Singh as the new head of its Residential Services business. 

As CEO - Residential Services, Ashwinder Singh will take charge of JLL India’s residential sales and leasing business across the country and simultaneously take up a position within the Firm's India Leadership Council, a JLL India release said.

A seasoned market veteran with 18 years of hands-on experience in the real estate and financial services domain, Ashwinder Singh's forte lies in leading large sales, marketing and product teams, and particularly in meeting targets amid challenging market conditions.

 

Importantly, as erstwhile EVP & Country Head - Sales & Distribution at IndiaHomes.com, Ashwinder brings to the table a deep expertise in in the areas of online technology and digital marketing. These are vital focus areas for JLL India's residential services division, and of critical importance to the Firm's forward-looking vision for this predominantly B2C business.

 

Prior to entering real estate, Ashwinder held senior positions in leading global institutions like Citibank, Deutsche Bank, ICICI Bank and Fullerton Securities.

 

Anuj Puri, Chairman & Country Head, JLL India said, "Over the past few years, JLL's residential business has been a remarkable success story, and we firmly believe in the unfettered potential that this segment offers. Given his expertise within the real estate industry and particularly in the digital marketing domain, Ashwinder will play a key role in boosting our success in this business to the next level."

 

The residential market in India is almost 85% of the total real estate market. With the green shoots of revival after a prolonged slowdown now very visible, the residential space will touch the $8 BN mark by 2020. This will be backed by easy loan affordability, the fact that 65% of the Indian population are looking to buy their first homes, and a neo urban rich segment of 30 million in the income bracket of above Rs. 10 lakh p.a. within this period.

 

Ashwinder Singh on his new role, said: "I am honoured and excited to take charge of the residential services business of India's largest and leading international property consulting firm. JLL India has a clear and detailed road map for expansion of this business. My immediate focus area will include providing customers an open architecture platform where they can chose the best homes on the basis of their requirements and our exhaustive due diligence standards. We are also expanding the operational base, and will now cater to residential consumers across all the major cities across length and breadth of India as well as abroad."

Concrete Show India 2015 set to Bridge gap in fast-growing concrete market

Mumbai: A three-day Concrete Show India 2015 will begin on May 7 at Bombay Exhibition Centre, Mumbai.

Orgnaised by UBM India and co-located with “Bridges India”, the 3rd edition of the show will cater to the entire concrete industry covering key sectors like roads and highways, housing, airports, ports, power, rail, dams and bridges.

Concrete Show India 2015 will showcase the latest offerings and technologies in machinery, equipment, commercial concrete products, services and systems from industry suppliers. The show will provide opportunities to architects and engineers, commercial & resident developers and contractors, distributors, government authorities and state corporations to interact and network with exhibitors from across the industry.

Over 150 exhibitors including industries players like Godrej Construction, TATA steel, Hyundai Aluminum, Reliance Industries, Hess, Toyota Forms, JSW Cement amongst others with showcase their business in the show which will also see the participation from countries such as China, Germany, Greece, India, Italy, Korea, Taiwan, Netherland, Malaysia and USA.

The expo has been well received by the industry at large with support from the India Chapter of American Concrete Institute, Indian Institute of Bridge Engineers, American Concrete Institute- India Chapter, Ready Mixed Concrete Manufacturers' Association (RMCMA), The Institution of Engineers, according to a release.

The co-located Bridges India 2015 show aims to bring together key project stakeholders with the objective of bridging the gaps in project execution, efficiency, and sustainability in the construction of bridges while addressing various daunting engineering challenges.

Yogesh Mudras, Acting Managing Director, UBM India said, "India's need for infrastructure development is well supported by the Union Government's big push for the sector. From roadways, railways to airports and other smart-city initiatives, the last few years have witnessed a phenomenal growth in the sector, leading to world-class facilities coming up across the country. Furthermore, with India being the fourth largest and probably the second-fastest growing economy, and infrastructure being one of the cornerstones, the Indian construction industry value is estimated to be more than $126 billion. Against this landscape, we believe that the Concrete Show India 2015 along with the new addition of Bridges India 2015 will prove to be a catalyst to the opportunities existing in India's rapidly growing concrete market."

The event is also marked by the two-day conference to discuss and deliberate on industry topics. The Concrete Show conference on day one will cover topics such as: Concrete High Rises - Future trends, Infrastructure Projects in Metropolitan Cities, Latest Technologies, Solutions for Concrete Road Design and Construction, How to Improve and Maintain the Quality of Concrete, Sustainability as Central to Concrete Construction, Role of Advance Concrete amongst others.

The Bridges India conference on day two will cover topics such as: Designing World-class Bridges to Transform the Region's Landscape and Development Ambitions, Understanding and Overcoming the Challenges of Delivering Mega-infrastructure Projects, Learning from Advanced Techniques and Methodologies in Bridge Design and Construction amongst others.

About UBM India

UBM India is India's leading exhibition organizer that provides the industry with platforms that bring together buyers and sellers from around the world, through a portfolio of exhibitions, content led conferences & seminars. UBM India hosts over 25 large scale exhibitions and 40 conferences across the country every year; thereby enabling trade across multiple industry verticals. 

A UBM Asia Company, UBM India has offices across Mumbai, New Delhi, Bangalore and Chennai. UBM Asia is owned by UBM plc which is listed on the London Stock Exchange. UBM Asia is the leading exhibition organizer in Asia and the biggest commercial organizer in mainland China, India and Malaysia.

RMZ Homes Pre-Launches Premium Residences RMZ Marq in Bangalore

Bangalore: RMZ Homes, one of the leading South Asian real estate development firms, has unveiled RMZ Marq, a new residential project near Iblur Junction on Outer Ring Road (ORR) of Bangalore.

RMZ Marq 

Blending workplace proximity with lifestyle facilities, RMZ Marq is being made bordering the beautiful Iblur Lake with 185 exquisite homes in 2 and 3 BHK denominations. The size of the apartments will be ranging from 1690 sq ft to 2222 sq ft and surrounded with lush green space and natural lake in proximity, a release claimed.

RMZ homes has already made RMZ Ecospace and RMZ Ecoworld for corporate clients in the vicinity.

The ORR has become a self-sufficient arterial region with quality housing, international schools, hospitals, entertainment, shopping facilities and enjoys its close proximity to established IT companies, five-star hospitality, and up-market residential hubs.

The Signature Amenities to be made available at RMZ Marq include - Club Verve, the Sky Lounge and In-house Concierge Desk, to name a few offering a complete life space  for immediate and growing needs of a modern family, the release said.

RMZ Corp is one of the most successful South Asian real estate development firms, with an unmatched portfolio in India. The organization has acquired and developed over 20 mn sft. of properties. Its prestigious and prolific portfolio includes over $ 3 billion in real estate assets. 

RMZ Latitude bags CNBC Awaaz Real Estate 2014 award

Vijay Khetan Group Eyes Distressed Land Assets in Mumbai, Bengaluru and Hyderabad

Vijay Khetan Group is currently talking to institutional investors and sovereign funds to raise INR 1,500 crore towards forming Special Purpose Vehicles (SPVs) to acquire financially distressed real estate assets.

The group has identified at least 20 financially distressed companies in Mumbai, Bengaluru and Hyderabad, which the company intends to buy to unlock the land asset potential. The partners of the SPVs will come in as an equity player, the company said in a release.

Speaking on the occasion of the announcement, Vijay Khetan, Chairman & MD, of the group, said, "We have over three decades of experience in the construction and finance business. Our expertise is in buying distressed assets and turning them around to

profitable real estate ventures. We intend to form separate companies where the funder will come in as an equity partner."

Vijay Khetan promoted 'Vijay Khetan Group' has diversified interests in the real estate business comprising of residential, business centres, commercial, infrastructure and hospitality. The company currently has an asset bank of over INR 2,500 crore in Mumbai.

Vijay Kehtan has been a specialist in acquiring distressed land assets. The group has acquired Borosil Company in 2002, Scientific Instruments Ltd (2004), Bharat coal-tar Pvt.Ltd. (2006), Pure Drink (makers of Campa-Cola) (2007), Shakti Mills Ltd. (2007) and Calico

Mills  ( 2008).

The group's ongoing projects include construction of a one million sq.ft residential project in Andheri, Mumbai and half-a-million sq.ft ultra-luxury residential project in Worli, Mumbai. The group has also bagged a 5 million sq.ft redevelopment project in

Bandra-Kurla Complex, Mumbai. 

The group is developing a smart city project of 250 acres in Igatpuri, Nasik, which will be ready by the latter half of 2016. The group is building a 200-key luxury hotel near the international airport in Mumbai.

Anuj Khetan, Director, VKG added, "This is the right time to acquire distressed land assets. The group has a multi-million cash reserve and is not keen on leverage."

RealFoundations appoints Pratik Desai to spearhead service delivery

CHENNAI: Real Foundations (RF), a professional services firm focused on the real estate industry, has appointed Pratik Desai as its Director to lead service delivery across all Managed Services teams in the firm's Chennai office. The Managed Services group delivers accounting, data, energy, lease and technology services to RealFoundations' global clients.

Prior to joining RealFoundations, Pratik worked at Franklin Templeton International Services in Fund and Portfolio Accounting where he managed a team that performed NAV analysis. He was also instrumental in setting up Financial Management Services teams at RR Donnelley serving Fortune 500 clients, and has experience managing large scale operations involving over 200+ full-time employees.

Pratik will provide operational leadership and support to the Chennai service delivery teams and ensure continued quality of client work. With over 14 years of experience in accounting and financial services, Pratik brings a combination of strategic and operational expertise to RealFoundations.

"The knowledge and experience that Pratik brings to our growing Chennai-based team is consistent with the talent we aim to attract and develop into high performance teams," said Peter Iras, Director of RF's Global Operations.

Pratik holds a master's degree in Finance & Supply Chain from PSG College of Technology, Coimbatore and a Bachelor's degree in commerce from Sydenham College of Commerce and Economics, Mumbai, a release said.

About RealFoundations

RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 300+ client-serving professionals and offshore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations.

Brigade Group Wins NDTV Property, CREDAI CARE Awards

Bangalore-based Premier real estate developer Brigade Group has won several awards at the recently-held NDTV Property Awards and CREDAI Awards for Real Estate (CARE).

The developer won an award in the 'Budget Apartment Project of the year - Tier 1' category for Brigade Meadows at the NDTV Property Awards. Brigade Meadows consists of primarily 2 and 3 bedroom luxury apartments and a few 1 bedroom options.

At CARE, Brigade Group won 4 awards across various categories. The awards were split across three zones - North Karnataka, South Karnataka and Bangalore.

Commenting on these awards, M.R. Jaishankar, Chairman and Managing Director, Brigade Group, said, "These awards are recognition of our efforts to deliver quality projects across real estate markets. We are very happy to receive these awards which also prove our customers' faith in our projects."

CREDAI Awards

Brigade Group won awards at the second edition of CARE in the following categories:

- Best Dwelling below 1500 sqft (Residential) in South Karnataka - Brigade Sparkle, an affordable luxury project in Mysore.
- Best Commercial Complex in Bangalore - Brigade Rubix, which has a unique design and offers office spaces from 100 sq ft upwards.
- Best CSR work by a Developer - Brigade Group received this award for the redevelopment of the Kempegowda playground in Malleswaram and the Skywalk on Dr.Rajkumar Road.

The most prestigious award of the evening was the one bestowed on M.R. Jaishankar, CMD, Brigade Group in the Special Awards Category - 'Outstanding contribution to the Real Estate Sector' award.

Accepting this award on his behalf, Githa Shankar, wife of M.R Jaishankar and Director of Brigade Group, said, "It has been a journey of hard work from every one of our colleagues who have worked intensely to bring things to this pinnacle. It is indeed a proud moment to be recognised by our peers and the real estate fraternity. This is akin to an Oscar moment for the company."

Other awards and recognition to Brigade Group

Brigade Group's Chief Financial Officer, Suresh Kris has been recognized as one of the Top 100 CFOs in the country for 2015 by the CFO India Magazine. Kris was presented the Roll of Honour for his exceptional calibre and contribution to the world of finance by U.K. Sinha, the SEBI Chairman, at a ceremony, recently in Mumbai.

At the GLOBAL Real Estate Brand Awards - 2015, held recently in Bangalore, organized by Exhibition Asia, Manjunath Prasad, COO - Projects, Brigade Group, was awarded the 'Most Enterprising Real estate Professional of the Year'.