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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(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.

Related Search: (EVC & MD - Shravan Gupta Emaar MGF)

                           Emaar MGF, Shravan Gupta, Emaar MGF Prjects.

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Award Ceremony Mr Sanjay Malhotra Chief Financial Officer Emaar MGF & ...

Thursday, April 10, 2014

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Emaar MGF's Project GOMTI GREENS - Another Contribution in Lucknow's Real Estate Development

Tuesday, April 1, 2014

Lucknow, the historical city with multicultural touch ups, courtly manners, beautiful gardens, poetry, music, and fine cuisine patronized by the Nawabs, has made a drastic change in its development today with the rise of real estate property."

Lucknow, the historical city with multicultural touch ups, courtly manners, beautiful gardens, poetry, music, and fine cuisine patronized by the Nawabs, has made a drastic change in its development today with the rise of real estate property.

In the event of its rapid progress, the name behind this goes to Shravan Gupta, the Executive Vice Chairman & Managing Director of Emaar MGF Land Limited (EVC and MD Shravan Gupta Emaar MGF).

Lucknow, also called as 'The Constantinople of India' has become a vibrant city that is witnessing an economic boom and is among the top ten fastest growing non-major-metropolitan cities of India and is often compared to Delhi and Mumbai.

Shravan Gupta, the name for Emaar MGF (EVC and MD Shravan Gupta Emaar MGF) has already served for more than 15 years with his experience in the real estate and financial services sectors. And, today, he is leading with "GOMTI GREENS" project for environment friendly design and construction of residential and commercial properties. Very few of the builders are concerned with the environment, this is where he has created a different position providing one of the biggest contributions to the real estate sector - by stressing the importance of creating environment friendly communities where residents can coexist with nature and live fulfilling lives.

Ashish Jerath, VP (Sales) of Emaar MGF, as spoken in an interview with Property Plus said, "Lucknow is the Political Administrative capital due to which it has been able to benefit with a good turn around in the real estate dealings. There are basically two cities in Uttar Pradesh that are given values - Noida and Lucknow. Also, that because of what it is now, most of the politicians and businessmen have come and settled here. This is also one of the reasons for reluctant increase in price and pride of the city - Lucknow."

"With the eye of the politicians in this particular city, there has been greater development in the real estate business. A large number of housing companies are emerging and Emaar MGF has been the one forward with its high-end residential and commercial properties."

Without forgetting to mention, Burj Khalifa in Dubai, is one of the iconic creations of Emaar. This company has already dreamed for the horizon with its innovations and has further plans for more architecturally aesthetic structures in India.

While understanding the hectic and stress-filled lifestyles of urban centers in the country, Emaar MGF and Shravan Gupta have established a series of path-breaking residential complexes in the country. All the complexes built by the company are based on the philosophy of incorporating nature into modern lifestyles to create balance and harmony.

It has been possible only with the belief and continuous effort of Mr. Shravan Gupta that modern living can coexist with an appreciation of nature. Incorporating this, all the projects of Emaar MGF are designed keeping in view the needs of the local environment and the requirements of a healthy lifestyle and this is exactly what GOMTI GREENS is all about.

Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC ("Emaar") of Dubai and MGF Development Limited ("MGF") of India (EVC and MD Shravan Gupta Emaar MGF). Emaar is one of the world's leading real estate companies, having developed approximately 89 million square feet of real estate across residential, commercial and other business segments and with operations in 14 countries. MGF has established itself as one of the key players in retail real estate development in Northern India and has delivered approximately 2 million square feet of retail space.

The Company commenced operations in India in February 2005 and is into real estate development with a pan-India presence and operations spanning all key segments of the Indian real estate industry, namely the residential, commercial, retail and hospitality sectors. The Company's operations encompass 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.
 
Read More about: Emaar MGF, (EVC and MD Shravan Gupta Emaar MGF), 

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

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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