Narendra Modi's rise to impact real estate; Indians set to buy: Ipsos

Saturday, May 31, 2014

Nearly 60 per cent of Indians think that next one month would be a good time to buy real estate with improvement in consumer sentiments following formation of a stable government, according to a survey by global research firm Ipsos.

"Almost six in ten (57 per cent) Indians think the next 30 days will be a good time to buy real estate, such as a house, vacation property or investment property," Ipsos said in a statement.

Founded in France in 1975, Ipsos is an independent market research company controlled and managed by research professionals.

"With the formation of a new stable government at the Centre, the consumer sentiment which was low in the last 2 years has improved significantly. The stock market has already reacted in a positive manner reflecting this change, the real estate prices are expected to go northwards by the end of the year," said Bhasker Canagaradjou, Associate Director, Ipsos Business Consulting.

The realtors reeling under large scale of debt are offering discounts to reduce their inventory levels taking advantage of the new found optimism in the market.

The residential real estate market may see an uptick in the demand and increase in the number of transactions in the near future, he added.

Majority (65 per cent) of people in Russia think next 30 days would be a good time to buy property followed by India (57 per cent), Indonesia (55 per cent), Ireland (51 per cent), Great Britain (47 per cent), Mexico (44 per cent), Australia (42 per cent), Hungary (42 per cent).

"Those rounding out the middle of the pack are from the United States (41 per cent), Germany (40 per cent), Canada (39 per cent), Italy (38 per cent), Argentina (37 per cent), South Africa (37 per cent), Sweden (37 per cent), Poland (35 per cent) and Spain (34 per cent).

The survey was conducted in 26 countries with a total sample of 20,144 adults age 18-64 in the US and Canada, and age 16-64 in all other countries.

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Infrastructure drives real estate along NH3

Wednesday, May 21, 2014

Mumbai

Infrastructure growth has given impetus to the real estate market across India. The widening of the eastern express highway and construction of a number of flyovers on this stretch led to the increased accessibility of Thane and adjoining areas to south and central Mumbai, resulting in rapid development of Thane and adjoining areas. Similarly, the areas along the National Highway 3 (NH3) are also likely to see considerable transformation, due to its widening into a four-lane highway.

Citing example of the Mumbai-Pune western express highway and other highways, Venkatesh Gopalkrishnan, EVP and CIO, Shapoorji Pallonji explains, “With the development of NH3 which is further northwards of Mumbai, we are bound to see this development extend beyond Thane. Areas such as Vasind, Asangaon and further up to Shahapur, are certainly poised to benefit from the connectivity NH3 will offer. We have already seen a good change in the Mumbai ­ Pune belt with the construction of the Mumbai-Pune expressway and prices in these areas have increased considerably in the past few years. On the other hand, locations such as Shahapur, which offer a green environment and a good climate, along with an affordable price to the buyer, will definitely grow to be a first home destination for the budget buyer.“

According to Nayan Bheda, chairman and managing director, Neptune Group, Mumbai, Pune and Nashik, is a golden triangle. “Mumbai-Pune highway was built long back, but Mumbai-Nashik highway was always required. Widening of the NH3 will definitely prove beneficial. It doesn’t pass directly through all the suburbs like Ambivali, Titwala, among others and the connected road to Kalyan suburbs should also be widened, as this will help the area to develop like Vashi, Mumbai and Thane in the future,“ says Bheda.

Hiral Sheth, director marketing, Sheth Creators, is of the view, “The NH3 will definitely boost the real estate sector in central suburbs. Locations like Kalyan, Dombivali, Ambernath, Badlapur, which are adjacent to NH3, will witness a substantial growth in the real estate market.

Kalyan and Dombivali, have seen an increased amount of traction due to the development of metro projects which has improved the connectivity of the region. These destinations will be of colossal interest to homebuyers and investors, as they possess decent infrastructure development with an attractive price range. The demand for housing in this belt will see a rise in the forthcoming years. The NH3 will also further aid in enhancing the social infrastructure of the areas. This four lane express way shall also assist in the progress of commercial and retail establishments. There will be a significant demand for housing projects and this will attract many migrants with the added advantage of housing being reasonable and cost effective, compared to other areas of Mumbai.“

The widening of this national highway has had a positive impact on the connectivity between Mumbai and Nashik. Subhankar Mitra, director ­ strategic consulting (West), JLL India, says, “Earlier, the travel time between these two cities was 4-5 hours, which has now reduced to less than three hours. Movement of goods has become easier; as a result, a lot of warehousing has come up in the fringe areas of the MMR, around Kalyan and the Bhiwandi connector. In addition, many residential projects have also been launched, some of which are second home projects in remote areas like Shahapur, Atgaon, Karjat, etc.

There has been a good impact on the real estate market of Nashik, as well developers there are now marketing their projects to Mumbai’s investors, on the basis of the travel time between the two cities having significantly reduced.“ Mayur Shah, managing director, Marathon Group, adds, “Unprecedented development in the real estate sector in the adjoining areas of NH3 in the recent past, is an ideal example of infrastructure development driving the growth of real estate. The widening of the NH3 and Mumbai Nashik Express way after the widening of Kasara Ghat section, has converted NH3 into a new growth corridor. It has encouraged investors and builders to invest and make property on the outskirts of the cities because of the ease in accessing the location through NH3. Also, the widening of NH3 has increased tourism in a way which in turn, will also push the growth of real estate development.“

Shailesh Puranik, managing director, Puranik Builders, concludes, “With the widening of 

the NH3, we have seen an upward trend in both, residential and commercial property markets, in and around the area. Also, NH3 which is considered as a major Indian national highway is well-connected to other states. This has significantly resulted in creating an impact on the real estate development in the nearby areas.

In the near future, we see good amount of real estate development taking place along this corridor. It has provided good opportunities to the builders and also to home buyers.“

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Emaar MGF accommodating with locational preferences

Monday, May 12, 2014

Property buying decision influenced by various factors, location being top priority for most buyers

: "EVC and MD Shravan Gupta's Emaar MGF"

 

 

 

 

Emaar MGF, a joint venture between Emaar Properties PJSC ("Emaar") of Dubai and MGF Development Limited ("MGF") of India encompasses various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution. At present, its focus is on the development of residential projects in Delhi and elsewhere in the NCR, Mohali, Hyderabad, Chennai and other key Indian cities.

The location of a property is a primary consideration, and one of the broad choices that help buyers define goals and Emaar MGF has perceived this desire of prospective buyers. The areas covered by Emaar MGF are some of the finest locations surrounded by welcoming green spaces, invigorating fresh air and sunlight; be it in Delhi NCR or other states. This has been the conception of Shravan Gupta (EVC and MD Shravan Gupta's Emaar MGF), Executive Vice Chairman and Managing Director of Emaar MGF whose visionary approach and observance of the changing Real Estate trends led to the astute selection of locations for residential construction under Emaar MGF.

Further, Research has revealed that “Location” has presently become the top most purchase consideration for home buyers. The preference for “Location” is even higher than “Price” which was the biggest influencer for property purchase over the last few years. Emaar MGF’s upcoming projects like Emerald Hills, Palm Hills, Palm Terraces Select as well as Digital Greens are being planned in the Gurgaon region which is highly in demand for residential as well as corporate properties in Delhi NCR. This would especially accommodate with the important shift in behavior of the home buyers who take into consideration the “Location” of the residence, they would settle in. Though, there are several other factors that will influence purchase decision like Price and Connectivity. In fact, around 13% of home buyers give higher preference to the “neighborhood” and proximity of the property to hospitals, schools and offices as well but location of property still remains the top priority.

“Factors such as location of one's friends, family, job and other interests will help buyers choose a general location to begin the search for the right home. Our vision is to become the most admired Real Estate Company in India through meeting the changing requirements while adapting with the latest market trends” says Shravan Gupta (EVC and MD Shravan Gupta's Emaar MGF).

The real estate companies are putting tremendous efforts to match up with the market transitions as well as the ever increasing requirements of the home buyers. While on the part of home buyers, the search for the perfect home requires to make decisions regarding how they would like to approach the process, the markets they wish to explore, and which features they need and want. The property purchase decision is crucial for the fact that large amount is involved in it and thus the buyer being selective over various factors is very obvious.

Related Search : EVC and MD Shravan Gupta's Emaar MGF, Shravan Gupta, Emaar MGF, Shravan Gupta Emaar MGF

 

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Shravan Gupta's Emaar MGF Palm Garden is a phenomenal living life style: Dr. Amit Sharma

Monday, May 5, 2014

Shravan Gupta's Emaar MGF Palm Gardens is a residential integrated community built across 21.90 Acres of land. A well constucted society with 12 Apartment towers have been planned around open landscaped spaces, with large open spaces, excellent clean design, palm trees lining the wide roads with excellent recreational facilities. Built with a high emphasis on premium quality and design the complex is well occupied and has appreciated well in terms of market price and value. with a total of 1026 apartments including 3 bedroom, 5 bedroom and duplex plans. The development also includes a Golf putting range, 2 schools and EWS.

Contractor/Architect  :  IL&FS Construction Company/DFI
Location                      : Sector 83, Gurgaon
Delivery Schedule   : Construction commenced in June 2012 and is progressing as per schedule. The expected delivery is Sept 2015

Status as on date       : Construction Work in Progress
Amenities                   : 5/10 KVA Power Back-up
Perimeter Security   :Multiple Parks for recreation Modern Community Centre with Sports, Gym and Health facilities
Primary/Nursery School : Convenient Shopping
Interestingly, Emaar MGF Palm Garden with the high quality design and optimum pricing has attracted foreign investors as well. Shravan Gupta further adds, “it is a reflection of Emaar MGF’s international standard when it comes to design and development.

Dr. Amit Sharma, Resident, Palm Gardens
Hi, I'm Dr. Amit Sharma, resident in Palm Garden.
“It's phenomenal living here, contrasted with other private residential alternatives. The design and development is great and the open common zone gives a feeling of vast openness. “I’ve been here in 2012 but, I felt that is being so long Im living here. The whole society is now being like a family and became an important part of my life. We have a wonderful society here in Emaar MGF's Palm Garden with all the necessary facilities in abundance. For the wellfare and refreshment of the society members of Emaar MGF Palm Garden, We have a Palm Garden Club which is a club house, Where we have discussion on various matters and issues for society to resolve them in a civilised way. along with that, club house organising various event for refreshment of peoples to give them better life style. we also celebrate each and every festivals of every religion together without any boundation across the religions. As Palm Garden has many beautiful parks where Society club members gether at every morning yoga session and laughter session were held in park. Walking and jogging and doing excersies and kids also have wonderful place to play. Being a Doctor, it makes me feel lite that peoples here are good concern about their health. Like every beautiful morning of Emaar MGF's Palm Garden society, when the day leads towards colourful evening. Every fortnight we use to have a tea party for general discussion. With well laid out Palm trees lining the complex makes it appear as though we are in Dubai, particularly during the evening."
 

Related Search: Shravan Gupta Emaar MGF, Emaar MGF, EVC and MD Shravan Gupta Emaar MGF,  Emaar MGF Palm Garden, Real Estate, Indian Real Estate Business, Indian Realty Business, Realty Market.

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Shravan Gupta's Emaar MGF and DLF, IREO In Delhi Vs Mumbai, JLL Releases ‘Mumbai Offices 2020: Mapping The Future Of The Mumbai Office Market’

Saturday, May 3, 2014

(Date: 3 May 2014)

Seven Real Estate Questions Explore The Big Picture 

(Shravan Gupta's Emaar MGF, DLF and IREO etc... Delhi Vs Mumbai)

 

MUMBAI, May 2014: International property consultancy JLL India has released its latest research report ‘Offices 2020 – Mapping The Future Of The Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s (Including Giants like Shravan Gupta's Emaar MGF, DLF, IREO, BPTP, Parscnath Developers, and Pearls Agro) financial capital, Mumbai Offices 2020 provides ‘foresight with purpose’ into where Mumbai’s office market is headed.

Offices 2020 – Mapping The Future Of The Mumbai Office Market

A dynamic metropolis that is always growing, Mumbai alone contributes around 5% of India’s total GDP. This report provides insights on how the city of Mumbai is adapting itself to the increasingly competitive office real estate landscape in the country. In this incisive report, JLL India answers critical questions that existing and aspiring corporate real estate occupiers in Mumbai are asking today:

• What risk factors could potentially hold Mumbai back?
• How will the birth of new multiple CBDs affect Mumbai’s business environment?
• With office buildings in Mumbai’s traditional business districts ageing rapidly, what aspects should companies consider while contemplating relocation?
• What will be the effect of the changing workforce profile and technological advancements on Mumbai’s office landscape?
• Are tenure generalisations fading as the office market enters a stage of flux?
• Will the sustainability bandwagon effect apply to the entire industry?
• Will Maximum City be able to harvest the emerging growth opportunities by 2020?

Ramesh Nair, COO – Business, JLL India says, “”With this report, we reaffirm that Mumbai will continue to be acknowledged as the financial capital of India. We have established that high quality, iconic and well-positioned workspaces are going to be a key attraction, and that the sustainability agenda will not render Mumbai’s office stock entirely obsolescent just yet. We have also underscored the inevitable fact that limited infrastructure and high commuting times will lead to a number of mini-CBDs in Mumbai.”

 

Commenting on some of the leading concerns of commercial space stakeholders in Mumbai, Nair adds, “In the future, commercial space landlords will look at higher-quality partnerships, based around longer and fairer rental contracts. Also, corporates’ relocation decisions will majorly be based on CAPEX calculations.”

“Today’s mantra is definitely ‘collaborative space’. Campuses, in particular, are stressing the need for better environments to produce better outputs. Of course, good salaries are still the employees’ main motivation. However, progressive companies realise that it is innovative rather than functional office spaces that can help them in the war for talent. This is becoming a distinct trend in Mumbai”, he adds.

 

Cities such as Delhi and Chennai are increasingly competing with Mumbai. Where Realty Giants like Emaar MGF has exceptionally good projects like ( Residential projects: Emaar MGF Gomti Green, Emaar MGF Indore Green, Emaar MGF Marbella, Emaar MGF Imperial Blue and other commercial Projects like Emaar MGF Commerce Park ) Infrastructure investment and other upgrade programs have resulted in some operations moving away from Mumbai. Delhi has declared its 10-year plan and is clearly making progress, while Bangalore is also emerging as a strong contender. Mumbai is also losing shipping and back-end financial jobs to Chennai. No Doubt Delhi's realty companies like Shravan Gupta's Emaar MGF is leading in Modernization and Advanced Architecture with Good improving Infrastructure.

 

Fortunately, Mumbai’s gravitational pull will remain strong over the next seven years, although the city will be increasingly challenged. It becomes imperative to proactively fulfil the needs of its stakeholders. However, will Mumbai remain the gateway to corporate India?

REPORT HIGHLIGHTS:

• A whopping 15,000 acres of land will be available for redevelopment, increasing the potential availability of quality new supply
• Grade A office supply will increase by a mammoth 33% over just 3 years
• Grade A office space in Mumbai will rise from current levels of 92 million sq. ft to 120 million sq. ft by 2017
• MMR (Mumbai Metropolitan Region) population will increase to 26.7 million people, thus providing a larger workforce pool
• The BFSI & IT Industries will continue to drive absorption and are expected to contribute over 60% to office space absorption in the city
• Space Density per person has fallen from 110 sq. ft to 85 sq. ft per person; this trend is expected to continue.

 Companies like Emaar MGF have power to make the world beautify and creating a new India

Related Search: EVC and MD Shravan Gupta Emaar MGF, Emaar MGF, Shravan Gupta Emaar MGF, Emaar, Realty Business, Indian Realty Market DLF, BPTP, IREO, Parsvnath Developers.

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Giants like Shravan Gupta’s Emaar MGF and DLF making a mofussil town to engine of growth

Wednesday, April 30, 2014

LUCKNOW: A decade ago, it took about an hour’s drive from Lucknow to reach a mofussil town on its outskirts. There were no signs of any urban rub-off in the area. Instead, it was marked by dust, patchy roads and barren stretches. That was Mohanlalganj, a rural parliamentary segment situated on Lucknow’s periphery.

But the sleepy Mohanlalganj town has undergone a speedy makeover in the past six to seven years, spearheaded by a real estate boom. Mohanlalganj, which votes on Wednesday along with Lucknow, is now seen as the engine of growth for the state capital and various projects like Emaar MGF Gomti Green, DLF, Parsvnath developers etc.. are there. Among which most peoples invested in Shravan Gupta’s Emaar MGF.

The change started about eight years ago when UP government announced its hi-tech and integrated township policy. It encouraged many builders to buy land here and set up townships.

Indra Pratap Singh, a retired bank official, built his house 20 years ago in Triveni Nagar but remained dissatisfied with traffic snarls and infrastructure hassles in the vicinity. He wanted to invest in a prime location like Gomtinagar but couldn’t due to financial constraints. Singh’s search for an appropriate property took him to Mohanlalganj. “I always dreamt to stay in a peaceful abode laced with modern facilities. I have fulfilled it in Mohanlalganj, that too at affordable price,” he says.

Many like Singh are now investing or planning to invest in Mohanlalganj since rates are soaring at good pace. Real estate experts claim in past decade, land rates have shot up by 40 times in the erstwhile mofussil town. “Ten years ago, price of one bigha land in Mohanlalganj was Rs 2.5 lakh; today it has appreciated to Rs 1 crore,” said an expert. CREDAI UP Real Estate Development Council president, SK Garg explains the reason behind the trend. “Whenever a metro expands, real estate growth is seen on peripheral areas, mainly along national and state highways, due to easy connectivity and scope for better infrastructure development.”

In Lucknow, most real estate projects are flourishing on Rae Bareli Road and Amar Shaheed Path and Gomti Nagar (Emaar MGF Gomti Green) because of easy connectivity to airport, railway station, prime localities like Gomtinagar and Hazratganj, markets, malls and other economic activities, Garg adds.

Another emerging trend is that people from adjoining cities like Unnao, Allahabad, Rae Bareli, Gorakhpur, Sultanpur, Varanasi, Jaunpur, Barabanki and even Bihar are also making investments in Mohanlalganj because of its central location from their hometowns and outer like Gomti Nagar (Shravan Gupta Emaar MGF Gomti Green Project).

A builder said a hi-tech and integrated township policy, as framed by UP government, looks after the interests of both farmers, whose land is acquired, builders who launch projects.

The policy also takes care of housing needs of economically weaker section (EWS) as it mandates allocation of 10% units to both EWS and low income group (LIG) people at discounted rates. There is a large section of people looking for affordable housing which is not possible in the main city. For them, periphery towns are a boon.

An employee with a major construction company shared: “Mohanlalganj witnessed development after many builders started projects here. Soon, local builders also followed and set up small projects on highways like Rae Bareli Road, Gomti Nagar (Emaar MGF Gomti Green) and Sultanpur Road. Millions of bucks riding on these projects further attracted investments from people wanting to own houses near heart of the city.”

Related Search : DLF, Amrapali Group, BPTP, IREO, Prasvnath Developers Shravan Gupta Emaar MGF Gomti Green EVC and MD Shravan Gupta Emaar MGF Emaar MGF

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Emaar MGF, DLF, IREO etc like big gaints: Private equity players boost city's real estate market

Tuesday, April 29, 2014

PUNE: The unbridled influx of professionals and a local economy, which is relatively less affected by the economic downturn, has renewed interest of private equity players in the city's real estate sector like Emaar MGF, DLF, IREO etc like big gaints.

ensured a steady demand for homes and offices in the city. This has helped induce a high interest among private investment firms in the developer companies.

Private equity investments in Pune's realty space bounced back with a 300% jump to Rs 1,464 crore during 2013, a research report by Cushman & Wakefield has said. "With growing housing demand, investments in the right project have the potential to yield healthy returns," the report added.

Importantly, Pune has bagged a fifth of the Rs 7,000 crore total inflows from private equity funds (13% higher than the previous year) in the country's real estate sector for the year. The increase in private equity inflows was primarily due to rising investments in residential assets and other sectors like retail and hospitality, the report said. "While the number of deals has increased to 40 in 2013 compared to 34 in 2012, the average deal size has declined marginally to Rs 175 crore ($28 million)," the report added.

Other factors encouraging private investors include likely entry of real estate investment trusts (REITs), reducing fiscal deficit and expectations of fall in inflation and a pick up in GDP growth post the Lok Sabha elections, the report noted.

Sanjay Dutt, executive managing director for South Asia at Cushman & Wakefield, said, "The residential asset class continues to provide tremendous potential for growth in the coming years. With housing requirements growing across cities and funds investing in the asset class, primarily in the form of non-convertible debentures, providing fixed returns, investments in the right project have the potential to yield healthy returns."

Anuj Puri, country head and chairman of real estate advisory company JLL India, said investors are enthusiastic about India as a vast army of young, educated Indians is set to turn the world's second most populous country into a talent powerhouse. "The consumer base is growing fast as a swelling middle class comes online;

Come 2030, India will have 68 cities with population of more than 1 million, 13 cities with more than four million and there will be six megacities of 10 million plus. This will provide the country with huge opportunities," he said.

Rohit Gera, managing director of Gera Developments, said, "Given the RBI's stance on disallowing banks from lending for land acquisition, the sector requires funds from alternative sources. The first round of FDI in real estate brought poor returns to foreign investors, given the 2008 meltdown as well as the steep fall in the value of the rupee. It is heartening to see the confidence of foreign investors in the real estate sector. There is no doubt as to the demand and desire to own real estate by millions of Indians. To meet this demand additional capital is necessary and this capital in the form of FDI is a welcome step."

Rahul Paranjape, executive director of Paranjape Schemes Constructions Limited (PSPL), said good quality commercial space in key business districts has attracted investors as they offer attractive and steady returns. PSPL has developed a special economic zone (SEZ) in its township Blue Ridges in Hinjewadi. "The SEZ is fully leased and IDFC Alternatives has invested Rs 250 crore to acquire the entire ownership in it," he said.

Vishwajit Zawar, director of Marvel Realtors, said he has shared 30% equity in his project Edge to Capital First for a consideration of Rs 100 crore with agreed rate of return. "The project is selling fast and we have actually begun redeeming the equity stake of Capital First," Zawar said.

Sachin Kulkarni, managing director, Vastushodh Projects, said, "Investment of Rs 40 crore by Avenue Venture Capital in our project Anand Gram is the first PE funding in affordable housing segment. They have already disbursed Rs 20 crore and the remaining amount shall be disbursed within next three months. There is an exit route in equity buy back at the end of 36 months at a fixed rate of return."

Related Search:Emaar MGF, DLF, IREO etc, 

                          Shravan Gupta Emaar MGF,

                          Shravan Gupta, Shravan Gupta MGF, 

                          DLF, IREO, Realty Firm, Real Estate Business

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(EVC & MD - Shravan Gupta Emaar MGF): Dr. K Ramamurthy CEO projects Emaar MGF

Friday, April 11, 2014

Q1: Emaar MGF (EVC & MD - Shravan Gupta Emaar MGF) is currently in the process of reinventing and restructuring itself, working towards sustained market leadership. What are the key elements of your strategy to achieve end goals?

A: I’d like to share a small story with you. I was the supervising engineer at the Chennai International Airport and was overseeing pavement strengthening at the site. The job required excruciating accuracy and meticulousness with no room for error as this was an operational airport with regular flights coming in and taking off. You either got it right the first time or it had to be dismantled! A lesson that I learned through this experience, very early in my life, and have kept with me till today is ‘Do it right the first time’.

Through my four decades of experience in the Construction Management Industry, I have identified three key drivers to success; People, Processes and Strategy. We would like to deliver superior value to our customers. Our end goal is to keep our customer’s best interests in mind and ultimately achieve 100% customer satisfaction. We need to have a unique approach that emphasises honesty, integrity, passion, service and professionalism, not only in how we interface and work with our clients but how we work with each other.

Going forward we need to build committed leadership with a focus on the customer; integrated processes and assembly of full teams at the inception of projects; a quality driven agenda set in timeliness, waste reduction and prompt aftercare. We need to foster a commitment to people through reinvesting in training; employee development and performance management to ensure our people are our competitive advantage.

Q2: What are the steps you are taking to enhance the Project Management practices at Emaar MGF?

At Emaar MGF, we are proactively driving accountability, project monitoring, partnering with the right contractors, adopting innovative methods to reduce the number of steps, simplify design and a streamlined and assembly line approach at construction sites to ensure smoother project management with higher success delivery.

We have identified five core processes: 1. Design and Change Management, 2. Planning, 3. Contracting & Procurement, 4. Cost Control & Project Review and 5. Tracking. A combination of all these brings about a successful completion of the project.

Design needs to be better integrated in the construction process to optimise the value of a building to its end users. Through this, the design team can take more responsibility for the implications of their designs in terms of cost, quality, health and safety.

We are putting in place more efficient project management and cost management systems within the company to ensure greater responsibility for people at different levels in the projects and better cost estimation that starts at the concept stage itself. Planning processes have been put into place to ensure that we get more streamlined construction quality and deliveries.

We are developing a more comprehensive and nuanced approach to selecting contractors and evaluating tenders. Contractors will be selected on the basis of achieving long term sustainable value for money as opposed to the lowest tender price. Factors like the quality of the design, proposed method of construction, the likely costs of operating the completed construction and meeting health and safety requirements, must also be considered. We are looking to work closely with contractors of the highest quality, setting tough expectations and grooming them as construction partners in the process.

The need of the hour is to change the paradigm. Quality will be given the highest importance and documentation will be put in place to ensure we achieve quality.

Q3 : What's Emaar MGF’s (EVC & MD - Shravan Gupta Emaar MGF) vision for 2020 and what are your business growth plans, going forward?

A: Our vision is to become the most admired real estate company in India. We want to focus on creating market driven products with well trained and highly motivated real estate professionals, who continually work on providing top quality service for our clients and customers. 

Emaar MGF’s mission in India includes creating value added, master-planned communities that meet the full spectrum of lifestyle needs as contained in the vision of Emaar-Dubai. We hope to achieve this with a high standard of ethics, professionalism and client care, while respecting and complying with safety, environmental and legal regulations. We thus hope to expand ‘market-leadership’ with diverse products serving our customers’ unique needs now and into the future.

As a company, we will consistently deliver 110% of our client’s expectations in every real estate transaction, thereby adding true value to every relationship. Our ultimate objective is to run a profitable business through goal-setting, planning and superior service to our clients through honesty in the pricing and in the marketability of our property.

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                           Emaar MGF, Shravan Gupta, Emaar MGF Prjects.

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Modi would enjoy diplomatic immunity if he becomes PM: US report

Tuesday, April 1, 2014

A US congressional report says that visa ban on Narendra Modi will automatically be lifted if becomes the Prime Minister.

WASHINGTON: The nine-year US visa ban on Narendra Modi will automatically be lifted and he would enjoy diplomatic immunity if he becomes the prime minister, a Congressional report said on Monday.

"Modi is widely considered to be one of the front-runners as prime ministerial candidate of his Bharatiya Janata Party.

 

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If Narendra Modi were to become Prime 

Minister of India, he would automatically be eligible for an A-1 (diplomatic) visa as head of state, regardless of the purpose of his visit," the Congressional Research Service (CRS) said in its communication to US lawmakers.

In 2005, the US had denied visa to Modi in the wake of the 2002 Gujarat riots and has since not revoked its decision.

The seven-page report 'Visa Policy: the case of Narendra Modi' was prepared by the CRS — an independent and bipartisan wing of the US Congress — at the request of several lawmakers who have been opposed to a US visa to Modi.

The views and reports of the CRS are meant to keep the lawmakers informed and is non-binding either on the Congress or the US Government.

Led Congressmen Republican Joe Pitts and Democrat Keith Ellison lawmaker had asked a set of five questions on the prospects of US granting a visa to Modi if he is elected as the Prime Minister of India.

The lawmakers had asked 'What is the process for approval of a US visa if Modi were to apply for one?' and 'Were Modi elected Prime Minister of India, how would his ascension likely affect his prospects to receive a US visa? Would the US be required to grant him a diplomatic visa? How might the International Religious Freedom Act be interpreted should he apply for a visa?'

The report dated March 18 was made public on March 31. It also refers to the recent cases in which Modi was given a clean chit by the courts and investigative agencies.

In December 2010, a Special Investigative Team appointed by the Supreme Court of India had found "no substantial incriminating evidence" that chief minister Modi had let the rioters rampage against the Muslims in February 2002, it said.

"On the other hand, the Gujarat high court continues to criticize chief minister Modi for his 'inaction and negligence' during the violence," the report said.

The report said Modi as the Prime Minister would enjoy diplomatic immunity.

However, it is only US President Barack Obama who can exercise his authority to deny a visa to Modi as the Prime Minister of India if he deems that would be detrimental to the American interest.

In August 2011, Obama had issued a proclamation in this regard pertaining to foreign nationals involved in war crime or systematic violence systematic against civilian populations.

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Attractive residential destination: Emerald Hills, Palm Gardens and Palm Springs

Sunday, March 30, 2014

Emaar MGF is led by Shravan Gupta who is the Executive Vice Chairman as well as the Managing Director of Emaar MGF. It has been observed that under the guidance of Shravan Gupta, Emaar MGF has attained great heights in terms of prosperity and growth. The group has already delivered some iconic and award winning projects as well as ongoing projects that are focused on the provision of better living as well as providing a more luxurious lifestyle for the masses. In this regard, it is very important to note the current activities of the group related to its Gurgaon projects. The Emerald Hills, Palm Gardens and Palm Hills are few of the projects which are about to set a great example. 

 

With his expert & strategic skills, ShravanGupta, Emaar MGF has entered into projects that would ultimately benefit not just the State but the nation as whole and in this regard it has been seen that the development of any property has ultimately led towards the benefit of not just the affluent class but the middle and working classes as well. This is due to the fact that everyone belonging to every class is a stakeholder in the organization and this organization also provides various opportunities to individuals of different classes so that the society in general could take as much benefit from it as possible. 

 

Some of the projects in Gurgaon are aimed towards providing a luxurious living & lifestyle for the upper middle class, Emerald Hills is meant to attract individuals who want to live a healthy lifestyle which is surrounded by a safe and secure environment. A great thing about Emerald Hills is that it is located at a very beautiful area of the city and that it is bound to attract visitors from all sides of the State. The other projects such as Palm Gardens and Palm Hills are meant to attract those individuals who want to live near the economic and business centers of the city. 

 

It is also important to note here that Emaar MGF tends to provide some of the best quality architecture which can withstand almost any natural disaster such as earthquakes and floods. It has been the priority of the group to ensure that proper measures are to be taken so that the safety and protection of the inhabitants of the projects is accomplished in the best manner possible and for this reason the group has also heavily invested in its overall research and development phases which has ensured that the best infrastructure is provided to the people that is in accordance to the most recent scientific methodologies related to construction and buildings. 

 

All of this has now ensured that a better and safer environment is provided to the people so that they may enjoy the best benefits of life in the simplest of manner and also that they can look towards their future and feel content that they have invested in the right place which can give them the returns that can be beneficial for their children as well.

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Emaar MGF Commerce Park, a prestigious commercial and residential location

In recent times, Gurgaon is seen to have developed itself as a premier business destination especially at the center of its sector 61 which is at the Golf Course Extension Road. According to many analysts the Commerce Park situated in Gurgaon is widely regarded as being a very promising new property that could deliver in some of the best possible returns for every stakeholder. Here, it is important to mention the name of ShravanGupta, EVC & Managing Director, Emaar MGF who is leading the project with high ambitions. Mr. Shravan Gupta is known to do all he can so that this Commerce Park becomes successful and thereby improves the image of the whole city.

The Commerce Park is a conceptual development by Shravan Gupta of Emaar MGF offers exotic selection of the best possible facilities and this includes Gurgaon’s first ever indoor swimming pool which is temperature-controlled, amenities centers and sprawling squash courts, car parking comprising of multiple levels that can accommodate over a thousand vehicles, best possible security mechanism alongside video surveillance and close proximity to the main International airport of Delhi. 

 

CommercePark has a structure comprising of reinforced cement concrete frame having flat slab, column construction and waterproof RCC roof having inverted rigid insulation. It has high-speed traction elevators which are computerized and serve at all levels of the building, the building also has separate parking elevators alongside access control present at the main elevator lobby. The building is reliant on a centralized cooling system which is dependent upon energy efficient water cooled chillers that are properly equipped with BMS controls.

The building also has ducted ventilation systems as well as smoke extraction facility present at the basements. The building has automatic fire sprinklers which are properly integrated with the system of fire alarm at every area; this also includes centrally located main alarm system alongside its control panel. 

 

For the assistance related to telecommunication, the building of EmaarMGF has tag blocks present at every level which provides the services of some 3 to 4 telecom service providers. The building has double heighted expansive entrance lobby which has wood and stone veneer panels at its backdrop wall as well as stone flooring that has accent bands & steel inserts which is also equipped with concierge desk. 

 

All of these features make this commercial area an extremely lucrative place where a lot of business activity can be done in the best possible manner and this commerce park is also an example for the rest of its competitors who can learn from its success and then apply the same models to attain success.

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Emaar MGF's Imperial Gardens, appreciating in value

Emaar MGF Imperial Gardens is located in next Gurgaon.

It is one of the most attractive projects that are being offered by Mr. ShravanGupta who is the Executive Vice Chairman as well as the Managing Director of Emaar MGF. The main concept behind the Imperial Gardens is to offer some of the best living standards and luxurious, Mr. Shravan Gupta has taken a keen and personal interest in the Imperial Gardens project. The project is very well known for providing a greener and healthier environment which is much desired in present times of increasing pollution. 

 

Emaar MGF’s Imperial Gardens provide some of the best designed floor plans which are meant to maximize the usage of floor spacing that is provided for the tenants. The designers have taken a great note of everything that is related with comfortable living such as providing balconies outside the main kitchen area which can greatly serve individuals as they can have a refreshing cup of tea in the morning time. 

 

The in-house design of Emaar MGF’s Imperial Gardens have also prioritized the safety and security of their architecture and this is why they have built several safety mechanisms that should assist in terms of any emergency event such as fire emergencies, bomb threats and so on. The main aim here is to look after the safety and security of civilians. Besides this, a great deal of emphasis is given on the beautification of the project and for this purpose the developers have taken the services of some of the best designers in India. Their overall aim is to give a feeling of relaxation to the masses so that they can live their lives in a better and more efficient manner. 

 

The well designed infrastructure of Imperial Gardens possess a family room that has vitrified tiles along with acrylic emulsion, it has an entrance door with hardwood frames. The master bedroom has laminated wooden flooring, modular switches, plaster with acrylic emulsion, external doors and windows with aluminum frames and shutters and internal doors with hardwood frames alongside painted flush doors. The Kitchen has a combination of vitrified tiles alongside ceramic tiles, it has plaster with acrylic emulsion, granite counter top, chimney, modular switches and a single drain board sinks with CP fittings. The terraces and balconies have anti skid tiles and weather proof paint.

It is important to note here that all of the services provided by Imperial Gardens are up for grabs at exclusive rates that could be found nowhere.

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Gurgaon- Commercial and Residential hub of NCR: Emaar MGF News

The Gurgaon real estate market is growing at a steady rate be it in terms of Retail, Residential or Industrial space. Most of the absorption in Delhi NCR is likely to focus around Gurgaon and Noida, reason being the provision of much desired amenities in these areas. 

 

Reality players like DLF, Ansal API, EMAAR MGF, Assotech Realty, Microtek Infrastructures, Supertech, Amrapali, Gaursons India Ltd, etc, are coming up with new commercial projects in the NCR. Thus, private sector is revamping NCR’s environs, bringing in the much-needed impetus to the sector. According to realty experts, the impact of the subdued economic sentiment and the rising inflation rate on the realty market, and the attractiveness of a city’s business environment, can largely be gauged by evaluating the health of commercial realty in that city. 

The key factors that have fostered the rapid Realty growth as well as people’s interest to invest in residential apartments in Gurgaon include: 

 

CLEAN AND GREEN

The increasing pollution has deteriorated NCR’s environment to a great extent but still there are regions like Gurgaon in NCR where this has been kept well in consideration which is evident through the fact that large spaces are allocated especially for parks and gardens. This enhances the beauty of this area while keeping air clean and fresh.

 

CONNECTIVITY

In the hustle bustle of today’s busy life, easy connectivity from home to workplace and vice versa, as well as to other places becomes a necessity. And Gurgaon offers it all, you get less traffic, wider roads and most importantly the MNCs are located in close proximity. “Impact of improving infrastructure: New and forthcoming growth corridors along Gurgaon and Noida like Yamuna Expressway, Noida Expressway, and Dwarka-Gurgaon Expressway have recorded tremendous increase in commercial and residential activities in the past few months and will continue to drive the commercial market activity.” Says Shravan Gupta, Executive Vice Chairman and Managing Director of Emaar MGF.

 

SOCIAL INFRASTRUCTURE

The basic necessities including educational institutes, medical facilities, and entertainment hubs are abundant in Gurgaon and moreover Realty Developers are inclined towards providing all these to attract more and more people to invest in this location.

The quality of life that is accessible in Noida and Gurgaon is quite superior. Further, the new developments like Emerald Hills by Emaar MGF which is an exclusive gated, secure, impeccably planned development in Gurgaon where all the residents' needs are within easy walking distance. Apart from this, the lavish outdoor and indoor spaces, parks, sports facilities and shopping centres complete the living experience.

 

LUXURYHOMES

Gurgaon has an abundant supply of luxury homes, which keeps the elite class interested in this area. The standard apartments feature spacious living rooms with attached balconies overlooking communal gardens and amenity building, grand entrance lobbies, high speed elevators, elegant lift lobbies and much more which catches the attention of people longing for luxurious living in NCR.

According to, Mr. Ashish Jerath, Sales Head (North), Emaar MGF, “Emaar MGF by virtue of its lineage, leverages expertise in developing unparalleled luxury housing in India. The launch of Marbella marks the commitment of Emaar MGF to continuously develop properties with modern design concepts of international standards”

JOBOPPORTUNITIES

The fact that Gurgaon continues to be the first stop for MNCs, speaks volumes about the sub-city. It is heartening to see authorities to be in tune with the time and planning infrastructure for new areas as per changing needs. “Real estate in Noida and Gurgaon has picked up and continues at a substantial rate because people find jobs in close proximity” says Nitin Batra, owner of Nitin Associates, a local consultant.

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