Hiranandani Gardens, Powai Bags Integrated Township of the Decade Award

A special award for ‘creating a township with a distinctive skyline and for setting new benchmark in Real Estate Industry with unique and unparalleled design’ was conferred on Niranjan Hiranandani, CMD, Hiranandani Group.

The special award, for ‘Integrated Township of the Decade’, was conferred at the hands of the Chief Minister of Maharashtra Devendra Fadnavis, who presided over the 10th edition of the CNBC-AWAAZ Real Estate Awards on 10 March 2016 at Regal Room, The Trident, Nariman Point, Mumbai.

The award was for the landmark project, Hiranandani Gardens, Powai. “It has been a journey of creating landmarks which turn into benchmarks,” said Niranjan Hiranandani. “The project recently celebrated its 25th anniversary, and this award is an acknowledgement of it having evolved into a benchmark,” he added.

In 1980, Powai was a ‘middle of nowhere’ location, situated between Vikhroli and Andheri, largely known for a barren, hillside quarry, said Niranjan Hiranandani. “The Hiranandani Group acquired and started developing 250 acres of land in Powai, and it was as if a magic wand had been waved. Today, Hiranandani Gardens, Powai is one of the most sought after real estate ‘hot-spots’ in Mumbai, and is an ideal example of multicultural community living, a flourishing, upscale neighbourhood, with enviable Infrastructure and connectivity,” he added.

Hiranandani Gardens, Powai is arguably, the pioneer of the integrated township model, one where ‘walk to work and walk back home’ became a reality. The Hiranandani Business Park (HBP) powers the workspaces segment in Hiranandani Gardens, Powai; where the integrated township model has proved to be a trendsetter. It created holistic communities that go beyond just luxury housing, and include schools, hospitals, gardens, green spaces and play spaces, entertainment options, shopping avenues and commercial business districts too, he said. 

“It is not just homes that were built, rather it was the creation of lifestyles, which defined what Community Living was all about. Hiranandani Gardens, Powai offers everything one might desire to lead a fulfilling life. It reflects a vibrant global community, where people from different backgrounds live together and celebrate the spirit of life, and this award perfectly captures it: ‘creating a township with a distinctive skyline and for setting a new benchmark in Real Estate Industry with unique and unparalleled design’,” said Niranjan Hiranandani.

“Hiranandani Gardens is a neo-classical architectural marvel nestled amidst the verdant Powai Hill, strategically located opposite the serene Powai Lake. For me, beyond awards and platitudes, it is a place where more than 4000 families stay, and call ‘home’,” he concluded.

Karle Infra Selects Yardi Voyager 7S for Commercial Property Management

Real estate developer Karle Infra will manage multiple office buildings in Bengaluru with Yardi Voyager 7S, a browser-agnostic, fully mobilised Software as a Service platform.

“We will initially use Voyager to manage a commercial complex which is located in the heart of Karle Town Centre,” comments Dhruva Karle, general manager, ERP, for Karle Infra Pvt. 

“Longer term, we may take on a much larger concentration of buildings. With that growth in mind, we were impressed by Voyager’s ease of scalability, which is important as our business expands,” he says.

Karle Infra will also adopt Yardi Fixed Assets to record and monitor fixed assets from purchase order issuance through purchase, use and final disposition. Additionally, Yardi Inventory Control will give the company total visibility into the acquisition, tracking, depreciation and disposition of inventory across multiple locations.

“Yardi welcomes Karle Infra as one of our new clients in India. We’re delighted that they will have the means to execute their business strategy quickly and efficiently. In addition, they will eliminate duplicate data entry with fixed asset and inventory control management solutions built into Yardi Voyager,” said Neal Gemassmer, vice president of international for Yardi.

About Karle Infra Pvt. Ltd.

Karle Infra Pvt. Ltd. is a real estate and urban infrastructure development company headquartered in Bengaluru, India. With over a decade long experience in developing properties in Bengaluru, Mysore and Goa, Karle Infra is now focused on developing a community-centric, world-class township in North Bengaluru. 

About Yardi

Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi serves clients worldwide from offices in Australia, Asia, Middle East, Europe and North America.

JLL India And Khaitan & Co Release Definitive Report On Real Estate Regulatory Bill

Mumbai: Leading international real estate consultancy JLL India, in partnership with eminent law firm Khaitan & Co. has released ‘Deciphering The Legal And Commercial Aspects of RERA’ - a definitive report on the game-changing Real Estate (Regulation and Development) Act 2016 (RERA) at a press conference here today.

RERA was recently passed in the Parliament and it received the assent of the President of India on 25 March 2016. It has paved the way to setting up of a real estate regulator, which is proposed to be set up within one year from the date of coming into force of the Act, to deal with commercial and residential realty.

Anuj Puri, Chairman & Country Head, JLL India said, "This Bill, which was waiting in the wings for far too long, will significantly reduce the various irregularities and contrasts currently plaguing the Indian real estate sector once it is implemented. Among many other things, RERA will provide a positive impetus towards achieving the Government’s 'Housing For All' vision, while ensuring a level-playing field for developers and buyers. This report examines the various nuances and implications that this very important Bill holds for all real estate industry stakeholders.”

RERA will help make the Indian real estate sector more mature, and more attractive for foreign investments as well as for Indian consumers. It will, for instance, disallow the common practice among many developers of pre-launching projects without getting requisite approvals from the local authorities, and it will make mandatory project registration with the regulator. Developers will also have to disclose approval status, project layout and timeframe for completion to the regulator as well as customers. However, there are a number of other ways in which this BILL will influence the real estate sector.

Haigreve Khaitan, Partner - Khaitan & Co said, "RERA is poised to revolutionize the way in which real estate is built, sold and consumed in India. It is an important milestone in the country's quest towards increasing transparency and ease of doing business. It is important to understand the legal implications that it holds for all related industries and stakeholders. This report is therefore very pertinent and timely."

All in all, the incumbent government has succeeded against various odds and given Indian real estate its most valuable card. RERA is a verdict to end the age of information asymmetry, lack of accountability and unwarranted project delays, and marks the beginning of rising transparency, liquidation of assets – and, importantly, positive sentiment.

Start living at AVM Studios, your new address at Asta AVM

Finally, you can find your home at a prestigious location once occupied by the legendary AVM Studios in Chennai. Asta AVM is a multi-storey residential project that is being developed at AVM studios near Vadapalani on the famous Arcot Road.

A venture between M Balasubramanian of the AVM family and the leading builder Sapthrishi Buildcon LLP, the project promoters are the successful developers of over 12 lakh sq ft of commercial and residential projects in Chennai, according to a media report.

The property is accessible both from the two major landmarks of Chennai - Vadapalani and K K Nagar.

While Nataraj & Venkat associates will be the Architects of the project, the structural Design will be handled by Alex Jacob, United Consultants. Amace Projects Pvt. Ltd. has been appointed as Project Management Consultants for Asta AVM, 

Asta AVM will have well appointed residences, ranging from 2 and 3 BHK homes, spread across 6.5 acres. The Metro rail service and two major bus depots at Vadapalani and KK Nagar, provide excellent connectivity to travel in the city.

As an early bird offer, the rate has been fixed at Rs 9250/sq ft which is applicable till April 15.

As for as the price range, a 2 BHK apartment at Asta AVM would start from Rs 59 lakh, while for 3 BHK the price range goes from Rs 1.26 crore. The project will also have penthouse and duplex type of housings as well whose price starts from Rs 1.57 crore.  The project is expected to be completed in 2018, according to an e-mail ad sent by HDFC Realty, the leading bank which offers loan for this project.

The bank is sending the property information to prospective clients via e-mail with a rider at the bottom to avoid legal wrangle in case of any law suit.  This is what the bank says in the ad:

“The properties are marketed on an “as is” basis, and are without guarantees or warrantees of any kind, express or implied. The intended buyers are expected to carry out due diligence and carry out any transaction based on their own assessment of the owner, developer, seller, projects, flats, shops, or property listed in this communication. It is not an offer or invitation to offer for any loan for the property from Housing Development Finance Corporation Limited (HDF C Ltd). The loan will be provided by HDFC Ltd at its sole discretion. HDFC Ltd and HDFC Realty disclaim all warranties express or implied, statutory otherwise. This promotion is without any recourse to “HDFC Ltd and/or HDFC Realty”.   

Common Amenities at Asta AVM:

CCTV Surveillance

Fixed power backup

Optical fiber cabling for broadband

Provision for DTH connection

Large open landscaped area

Piped Gas Supply

Metro water Connection

STP Water Recycling

Lifestyle feature at Asta AVM:

Open air theatre

Children play area

Guest suites

Basketball court

Jogging track

Club house

Contact the bank for further details about the property (http://hdfcrealty.co.in/Emailer/avm_asta_click_inhouse/index.php) or visit http://www.astaproperties.com/ to get more details.

Uzma Irfan Wins 'Woman Achiever of the Year' at the GREB Awards 2016

Ms. Uzma Irfan – Director, Prestige Group, was felicitated as the ‘Woman Achiever of the Year’ at the Global Real Estate Brand Awards (GREBA) 2016.

At a grand event, held at the Ritz-Carlton in Bangalore, Uzma was honoured with the award. In a predominantly male-dominated industry, Uzma has, through her hard work and dedication, managed to carve a niche for herself. This award is a testimonial to her efforts. With her work speaking for itself and recognition from several reputed platforms, she hopes to encourage more women to foray into the realty sector, the company said in a release.

Ms. Uzma Irfan joined the Prestige Group in 2006 at a crucial juncture when the brand was undergoing rapid expansion and diversification. Uzma then took on the role of Executive Director, Corporate Communications in an effort to streamline all branding and communication-related initiatives. 

Over the years, the Prestige Group has grown by leaps and bounds and she can be credited for single-handedly strengthening the public image of the company during this phase. Now Prestige Group is the second largest developer in India.

From systematically profiling the company and its diverse interests in the media to assisting the company in its various networking forums, she has played an instrumental role in communication and marketing. Uzma Irfan is currently responsible for Marketing Communication, Corporate Communication, Branding and all image related initiatives for the Prestige Group in her role as Director for the company.

Apart from this, UZMA was also awarded the ‘Female Real Estate Professional Of The Year’ by Bangalore Real Estate Awards 2014 and recognized as the ‘Woman Super Achiever in Real Estate’ by ABP News Real Estate Awards 2015. Uzma also recently received international recognition when she was awarded the ‘Female Real Estate Professional of the Year’ at the 2nd BERG Awards, Singapore.

Durga Bags Two Awards for its Bangalore Projects at GREB Awards 2016

Durga Projects has bagged two awards at the recently held 'Global Real Estate Brand Awards 2016' by Deccan Chronicle and PNB Housing that was held at Ritz Carlton in Bangalore.

Durga Projects has been awarded the 'Most Admired Upcoming Luxury Project' and 'Emerging Developer of the year' for Durga Petals, a 2, 2.5 and 3 BHK luxury project, which is expected to be completed in Jan 2017.

On receiving the awards, Director Neeraj Jhunjunwala said, "When you talk about luxury, Durga Petals is by far our most luxurious project yet. We thank GREBA for recognizing our project as the most admired in the luxury category. Durga Petals is designed to 'Foster Urban Achievers' and offers a spacious and luxurious lifestyle with 40+ well-architected and crafted amenities. The homes are flawlessly and carefully created to give a world-class standard." ' Neeraj  accepted the ‘Most Admired Upcoming Luxury Project' on behalf of the company.

Durga Projects' 'Emerging Developer of the year' award was accepted by their Director, Navneet Jhunjunwala from Sanjaya Gupta, Managing Director, PNB Housing Finance Limited. He thanked the Durga team and its patrons for the recognition. 

"All our projects are located on the Marathahalli outer ring road. We have a few more in the pipeline and are confident of launching them over the next few months. We are committed to build and deliver better quality projects in the near future. The Durga Management and its entire team thank its patrons for this recognition and continued support," he said.

At the company's flagship project, Durga Petals, construction is on at full swing and is expected to handover possession to its patrons in less than 11 months. The project has recently launched two new towers 'G' and 'E' and is ahead of the construction schedule.

Durga Petals, for its patrons, has included amenities like work-from-home office cubicles, day-care center, temperature-controlled swimming pool among many others, ensuring that the customers' dream of an ideal and optimized life is realized. These amenities will help its customers enrich their family lives with more family time and comfort. 

Puravankara Launches its First Theme Based Integrated Lifestyle District in Pune

Puravankara Projects has forayed back into the Western Region with a proposed development of 30 acres in Mundhwa, Pune.

Purva Silversands, the first phase of development across 20 acres is being launched as a unique Integrated Lifestyle District with a design theme that the city of Pune has hitherto not seen before, the company said in a statement.

Purva Silversands is set on the Mula-Mutha river promenade, right across the business district of Kharadi. The proposed new bridge connecting Kharadi and Mundhwa will help de-congest the traffic and shorten the travel time to Purva Silversands in Mundhwa. The 15km elevated corridor 2 of the Pune Metro Phase 1, will also lead Mundhwa to easy connectivity with the key nodes of the city.

Ravi Puravankara, Chairman, Puravankara Projects Ltd. said: "Our foray back into the Western Region is a 'Home Coming' for us. We aspire to make a difference in the western cities with our unique theme-based projects that offer a lifestyle living. Our first project Purva Silversands is planned in the city of Pune, which is ranked amongst the 50 fastest growing urban cities in the world. A thriving job market, high rental growth and the Government's thrust on improving infrastructure makes Pune a very promising market, with an immense need for high quality homes."

Ashish Puravankara, Managing Director, Puravankara Projects Ltd commented, "Our intelligent designs focuses on spacious well-crafted apartments set in an Integrated Lifestyle District. Situated in eastern Pune, Mundhwa has been strategically chosen for this project as it is emerging as a prime residential location for the business district of Kharadi. Mundhwa has a judicial mix of residential, business, leisure and support services. Upcoming infrastructural developments have given the required impetus, for real estate in this region to flourish."

This unique property offers a variety of lifestyle residential apartments - 1, 2, 3, 4 BHK apartments, penthouses, garden apartments, along with a cafés, restaurants and boutique shopping overlooking the river promenade amidst lush landscapes.

Purva Silversands is an iconic residential development with the best-in-class facilities, providing a resort type lifestyle to homebuyers in Pune. The project has been designed to bring the beach to their doorsteps, with a promise to experience 'Life like it's a holiday'.

Fine luxurious homes around a sprawling manmade lagoon with a wave pool, snorkelling pool, koi pond, hammocks, palm trees combined with cafes, restaurants and boutique shopping make Purva Silversands a unique lifestyle destination, and one of the most attractive investment opportunities in the region.