Thursday 26 October 2017

Real Estate Industry Redefined

Real Estate Industry Redefined

The last two years have proven to be immensely eventful for the real estate industry of the country. So far the Government of India has enforced significant implementations like Demonetization, Benami Transaction Act, the Real Estate Regulations and Development Act (RERA), and Goods and Services Tax (GST).  These initiatives, when combined together, will magnify the growth of real estate sector in the long run.

Here are a few factors that consolidate towards redefining the real estate industry:

1. Investments of the future:
This ongoing transformation has given rise to investment inflow from both foreign and domestic institutional investors. As per syndicated reports, the Indian property market has received $3.15 billion from various investors in the first half of the current year. The expected launch of Real Estate Investment Trust (REIT) is supposed to act as a transparent process designed to generate funds from a lot of investors. REITs are predicted to act as a catalyst for increase in future real estate investments.

2. Infrastructure development :
India’s booming economy has attracted not only domestic but a manifold of foreign investors too. Since the Government of India liberalized the norms on Foreign Direct Investment (FDI), the construction sector has seen a massive growth in investments from around the world. This has doubled the funding in infrastructure development from ₹9,850 crore per annum. Also, the World Investment Report of 2016 claims an FDI investment of $ 5.7 billion in real estate.

3. Housing sector boom:
The Pradhan Mantri Awaas Yojana initiative by the Prime Minister raised its rural fund allocation from ₹15,000 crore to ₹23,000 crore, to ensure the completion of 10 million home projects by 2017-18. We are now looking at $1.3 trillion housing boom and with the timely implementation of the Goods and Services Tax (GST), there is uniformity in taxation on housing. Implementation if carried out well will ensure that various federal tax barriers are removed and a common market is created helping improve supply chain. To summarize, 60 million new houses and 2 million job opportunities are predicted by only 2018, thus boosting the nation’s overall GDP.

Given the future road map it is pertinent to say that the Indian real estate sector will only emerge stronger, healthier and is poised for sustained growth. These initiatives are stepping stones for the overall development which will redefine the real estate sector.

Sunday 8 October 2017

The Blueprint to Success

“Success is about liking yourself, liking what you do and liking how you do it.” – Maya Angelou.

Here are a few habits which I have followed throughout my professional career and I believe they might help you too:

1. Organize Yourself -

Getting organized is one of the most underrated skills in any form of work. Due to my architectural background, I deem it necessary for things to have a particular structure. An organised structure in life lets you focus on the most important plans. You could start with something as basic as organising your weekly calendar, and see how it helps you organise your career.

2. Stay Connected -

Stay connected to your employees and always be approachable for a healthy functioning of the organisation. It is essential to delegate the day to day running of your organisation to your trusted employees. Focusing on the bigger things is necessary, but at the same time, while focusing on the bigger picture it is a prerequisite that you stay updated on the day to day functioning of your company. 

3. Gain Knowledge by Reading -

Reading is vital, but not just to keep you on track with regards to constant innovations, the new laws, and other recent developments in the field. Reading goes a long way in cultivating a commendable intellect. Advancement through learning is the most important habit required to achieve growth.

4. Do Not Limit Yourself  -

Most people are shackled by restrictive beliefs and self-imposed limitations. Growth can be limitless. But belief in your own ability and cultivating discipline in your work is what gets the job done. It is what helps to reach new milestones.

5.   Make Wise Decisions -

Success is all about making the right choices. You have to be confident in the decisions you take and ask all the right questions to avoid roadblocks to your success. With experience, it will become all about making the choice that will yield the best result.

In conclusion I would like to say that there is no substitute to hard work & perseverance. It’s important to work hard daily if you want to see these habits make a positive impact. Do not let the vast landscape of the future scare you. Only habitual and tireless efforts will propel you to the summit of success.

Thursday 28 September 2017

Cities of Focus: Bengaluru

An interesting fact about Bengaluru: It is currently ranked among the 25 most high-tech cities in the entire world.

There are many other such records which the city boasts, credited to its unique approach towards development. It’s interesting to note how the city once specializing in the production of silk & cotton, machine tools and telephone accessories has now transformed into a booming IT hub. The glorious history of the city coupled with its futuristic approach has been the key drivers for us to undertake real estate developments here. The best reason for us to establish our developments in the city was its glorious past and its futuristic approach.

Let’s see why this city is our top pick for real estate developments:

●        Hub for IT companies 
Bengaluru is dubbed as the ‘Silicon Valley of India.’ The city has a GDP of $110 billion and contributes to more than 35% of India’s IT exports. Big multi-national corporations have their headquarters situated in Bengaluru. All these factors have transformed Bengaluru into a hub for IT companies across the world. This growth in the IT sector has given rise to a strong demand in the real estate.

●        World's Most Dynamic City –
Bengaluru has emerged as the most dynamic city in JLL’s fourth annual City Momentum Index (CMI) of cities around the world. The groundbreaking achievement was determined based on the city’s economy and commercial real estate market. The abilities to embrace technological change, absorb rapid population growth and strengthen global connectivity lays down the foundation of this dynamic city.

●        Bengaluru Metro –
Bengaluru is a densely populated city. The newly launched Phase-1 of Namma has given an indication of what to anticipate from the metro network. With Phase - 2 in construction, a total length of 72 kilometers will be added to the current metro lines. It will create a more interconnected mode of transport to reach every corner of the city making commuting within the city a completely hassle free experience.

●        Features of a Smart City –
The Smart Cities Mission by the government of India is an initiative aimed towards urban development. According to the plan, Rs. 1,700 crores will be spent to improve infrastructure in the city. The establishment of Bengaluru as a smart city will create a modern commercial network.

These are some of the reasons as to why Bengaluru is one of the best cities in India. We at House of Hiranandani are developing three projects in Bengaluru.

Thursday 17 August 2017

Cities of Focus: Hyderabad

India is a country that is booming with development from every corner. The country has a total of 4000 cities & towns. However for us, choosing the next city for our real estate project wasn’t very difficult. Rooted in a deep ethnic heritage and captivating historical significance, we zeroed down on ‘Hyderabad’.

Hyderabad during its initial stages had been sparking signs of a global city. Nobody would have imagined the unprecedented growth & development this city was capable of achieving.

     An influx in the IT sector –Since 1990, Hyderabad had seen a number of foreign IT companies entering the city. At that point, there were over 1000 IT and ITeS companies that included major firms such as Google, Dell, Facebook and more. The city boasts of an employment growth rate of 10%. The IT industry has inculcated a high standard of living for the city which has resulted in an increase in world class real estate projects in the city.

     Hyderabad’s Infrastructure– One of the high points of Hyderabad’s infrastructure is its metro. The metro, which is already under construction, will have three phases to create unparalleled connectivity across the city. The metro is scheduled to begin operations by November 2018.Plans to decongest the city’s roadways by projects such as the Outer Ring Road are already underway. It’s a city that foresees the future and is already planning to upgrade the existing roads, adding skywalks and more.

     High Standard of Living– As per the Mercer Survey, Hyderabad is known to have the highest standards of living in India. The survey is based on factors such as crime rate, air pollution and improved options for international and English-speaking educational institutes.

     Emerging Startup Hub– Asa city that encourages enthusiastic entrepreneurs, Hyderabad is witnessing a support system to encourage startups. India’s biggest incubator for startups is in Hyderabad. On the overall the city is promising because of its stable environment and cooperation between the investors, startups and the government.

These are some of the reasons as to why Hyderabad is one of the fastest growing cities in India. It offers the perfect combination of a city immersed in history, and one that embraces development and modernization.

Friday 28 July 2017

A Move Towards Sustainability

As per rankings of MoneySuperMarket, India ranks 75th globally in terms of human impact on environment per person. This ranking looks at the impact of human activities on the environment, biodiversity and other resources. More importantly, it also looks at the human use of sustainable and renewable sources of energy. This raises a strong concern as for a country of 1.34 billion people; the renewable energy that India is currently producing is only 15.2 %. Needless to say, producing renewable energy is a major need of the day. Relying on non-renewable sources of energy is not sustainable because these sources will not be replenished in our lifetime. Also, population growth and infrastructure development are only pushing for the increase-in-need of sustainable energy for the near future.

With vast lands and access to natural resources India has a huge potential to switch to sustainable energy. But what is sustainable energy? It is a form of energy that meets the demands of today without creating a danger of its depletion for the future generations.  This form of energy is found to be free of cost and does not harm the environment. Various renewable forms of energy are known to be sustainable forms of energy. Solar, wind, geothermal, hydropower and ocean energy come under this category. In 2016, India signed the Paris Climate Agreement and this move has brought a huge shift in India's attitude towards climate change. Our country has been developing sustainable forms of energy in order to control climate-change and remain self-sufficient.

Here are a few developments that highlight India's initiative to embrace sustainable forms of energy:
  • Cochin Airport became the first fully solar powered airport in the world.
  • The newly-built Kochi Metro will get 25% of its electricity from solar energy very soon.
  • Pune airport will run on fully powered solar energy by next year.
  • India made its 1st solar boat named 'Aditya' and this boat completed 150 days of voyage.
  • Indian railway is installing rooftop solar panels on 250 trains.
  • Indian railways also launched the first solar powered train from Safdarjung railway station in Delhi very recently.

We hope to see many more such developments in the future to ensure sustainability in India's energy generation. 

Monday 17 July 2017

GST & Real Estate

In the recent past, India has seen extensive developments with respect to the laws and policies that are being implemented. The first was Demonetization, followed by the RERA Act and the most recent being the implementation of Good & Services Tax Act (GST Act). GST Act has been implemented with the intent to remove cascading effect of taxes & to bring in more people under the tax net, however, many have been struggling to understand what it exactly does and how it would affect people.

With respect to real estate, it is unlikely that GST will have any impact on property prices.The current rate of 12 per cent on under-construction projects might marginally bring down prices in the affordable segment owing to input tax credits, but it is unlikely that similar impact will be felt in mid-priced or premium developments. Developers may get some benefits fo projects that are in the nascent stages, but will have to bear the tax burden of ready-to-move in projects, since they are kept out of GST ambit. 

One aspect that needs government’s immediate attention is the stamp duty charges. Since, they continue to remain along with GST and vary from state-to-state. The stamp duty rate averages between 5% - 7%. Abolishment of this would bring down the final costs of apartments.          

Broadly speaking, the act will be a game changer for the industry. Its comprehensive approach and uniform tax structure will not only ensure more transparency in the economy but also would be helpful in boosting the investor confidence.

Thursday 29 June 2017

Infrastructure Highlights: India’s March Towards The Future

Infrastructure is a key indicator of a nation's development. In the current scenario, India has been seeing a sustained infrastructure development. The expenditure on infrastructure rose by 10%, its total worth being Rs. 3,96,135crore. The sector has seen the launch of initiatives such as 'Housing For All' & 'Smart Cities' with a view to fast-track India’s progress. Indian urban centres are also seeing tremendous infrastructural investment and here are 5 significant initiatives that are likely to have a major impact in the not so distant future:

Bangalore just launched its 1st Metro phase
Bangalore's metro has expanded commute options to ease pressure on its roadways. The city very recently launched metro services; it connects JP Nagar, all the way till Nagasandra. The initiative is under the Smart Cities mission with a budget of ₹ 107 crore. The length of this phase is 42 kilometres.

Chennai's Satellite Bus Terminal
Chennai is developing better ways of commuting for its citizens, one of the projects being its satellite bus terminal located in Madhavaram. This project will cover 8 acres of land and will have capacity of handling 200 buses per day, thus improving connectivity and easing traffic.

Hyderabad to get its metro
The city of Hyderabad already ranks among the top Indian cities with a high standard of living (Mercer’s Quality of Living Rankings for 2017). Currently, this city is working towards building its own metro system. The projected length of this project is 72 kms, passing across 3 corridors. This project will set up 64 metro stations out of which 32 stations will have buildings or parking spaces.

Trans Harbour link in Mumbai by 2019
Known to be India's longest sea bridge, this link will cover a length of 22.5 kilometres. It would bind Mumbai and Navi Mumbai through roadways. The areas it would connect are Sewri, South Mumbai and Thane Creek, north of Elephanta Island. Also, it will provide access to the proposed Navi Mumbai International airport in the future.

Mumbai's Costal Road
Mumbai city is looking forward to decongest its traffic by building a 30km long costal road. This project will connect Mumbai's iconic Marine Drive, all the way till Kandivali. The total investmentfor this project is worth Rs. 12,000 crores. The project aims to bind South Mumbai to the Western suburbs and ease the road & rail commuting pressure in the Western line.

The infrastructure developments that are taking place, spell good news for India’s future. All corridors of transport that we construct will eventually raise values of real estate properties. We at House Of Hiranandani have great offering of apartments in Bangalore, Chennai & Hyderabad that ensure great connectivity and hassle-free commute.

Sunday 7 May 2017

Contemporary Living – Keeping It Minimal

Today’s modern living combines practical design and living philosophies. Minimalism – which embraces the idea that ‘Less is More.’ It is an art of spacing along with a design of sophistication.

Let’s look at these interesting lifestyle and design choices in modern living:

Minimalism is a design philosophy built around the principle of clutter-free living. Countries like Japan are at the forefront of the minimalist movement when it comes to home design. Ridding oneself of the excess elements in your home helps create a Zen like atmosphere in your living space.

A home that is clutter-free gives rise to a free and unencumbered mind. In the world of design, there is a school of thought known as ‘Reductivism.’ It encourages empty spaces while designing homes. Also, minimalism follows the concept of ‘Less is More.’ This doesn’t necessarily mean that such homes would look ordinary. In fact, on the contrary, there are many unique ways of embracing the core values of minimalism while expressing your own personality in your home.

Here are some of the primary tenets of Minimalism:

1)      It is recommended to use fewer color combinations as it balances out a room’s décor scheme. Too many colorful elements could create confusion in a person’s mind.  Monochromatic hues set a great example for designing homes as they help patterns to ‘pop’ or stand out.

2)      Apart from the color aspect, adding a mixture of textures could give your living space that stylish look. A stone washed wall, a table with a teakwood finish or a woven table cloth, all (or one) can form a focal point in a room. If you are looking for specific materials, wood, glass, ceramic and fabric should be given focus to while designing your home.

3)      The shapes of your furniture also have a major impact on the overall look of a room. Furniture like a sofa or table could set the personality for a room. A sofa/table could have round or sharper ends, be circular or square and more. Classic, traditional or urban are few of the different décor styles you could choose from for your home.

4)      When choosing fabric and linen to soften a space, the first rule is – keep it simple. It’s better to avoid a carpet with too much design on it and instead opt for something basic. This way, fabrics serve as design accents rather than the focal points in your décor scheme. For example, in a bedroom, a solid colored bed sheet and contrasting pillows could make for a classy combination.

5)      We recommend making the most of available natural light. Remember, natural light is something the human eye is used to, it would brighten up your space in the most natural way possible. Lighting enhances your design but the real skill lies in knowing which parts of a room to focus light on and which parts should be left in shadow. Find lights of the appropriate shape and size to achieve the look you want. They would highlight particular aspects of the home and give it a specific look.

We hope you’ve been inspired by the minimalist philosophy to experiment with it in your own home (and life). As contradictory as it may seem, there are many different ways of applying the minimalist aesthetic to your home and they are definitely worth exploring. We at House of Hiranandani wish you a well organised and clutter-free life.  

Wednesday 19 April 2017

Chennai: The Next Real Estate Investment Hub

Chennai’s advancement over the past decade as an industrial hub with the rise of various manufacturing industries has led to the development of a lively real estate market in the city. As per the Mercer Survey 2017 Quality of Living Index, which compares all major cities of India, the one city that has made improvement is Chennai. Once considered a less significant investment opportunity in India, Chennai has steadily emerged as a real estate hub to be reckoned with.

If you’ve been sceptical about investing in Chennai, here are some reasons which could make you reconsider:

Safest City in India:
Chennai has been assessed as one of the safest cities in India, jumping ahead of metros like Bangalore, Hyderabad and Pune. The Mercer Survey finds Chennai to be the safest Indian city with a global rank of 113. Chennai achieved this, based on points for internal stability, lower crime levels and efficient and capable local law enforcement. These factors would go a long way in influencing a potential real estate investor looking to enter a new territory.
Booming Business and Industry Sectors:
Sectors such as IT, the automotive industry and electronic manufacturing industry in Chennai have been constantly growing. Many companies have been investing in the city, which has given rise to employment opportunities, good connectivity and an abundance of housing options. Back in 2013, commercial offices had occupied spaces around 4 million square feet. Most of these occupants were IT/ITES companies that employed around 4.5 lakh people. Four years later, the growth has only been exponential.
Public Transport:
Chennai offers a variety of public transport systems for commuters, making it easy and fast to reach destinations. These diverse transportation systems include the Chennai Metro Rail, Chennai Mass Rapid Transit System, buses, taxis, rickshaws, etc. The government has been making efforts to improve its bus services and routes to ensure hassle free commutes. Also, in a country like India where women’s safety is a huge concern, Chennai is a city which offers safe commute to all.
An efficient and modern transport infrastructure makes any city a preferred choice for investors. With its long-term investment in developing urban transport, Chennai is now a much sought-after investment with long-term potential.
Education and Health Care:
Chennai is known to be one of the best destinations in terms of education in India. There are well reputed educational institutions such as NIFT, IIT and Loyola College. Known to be the ‘Health Capital of India’, Chennai has access to the best health care and medical facilities. Examples of such health care centres are Apollo Hospital, Fortis Malar Hospital, etc., marking Chennai for its quality of life.
As you can see from the above points, with abundant opportunities and thriving development, Chennai has a very bright future as an investment hub.

At House of Hiranandani, Chennai has been an area of focus for a while now. With a number of important developments, like our world class projects on the Old Mahabalipuram Road in Egattur, we have ticked all the boxes for location, luxury offerings and connectivity. In fact, one of our projects at the OMR - the Anchorage - is designed to be the tallest building in Chennai. As a company, we are committed in our focus to develop world-class housing projects in the city of Chennai.

Tuesday 7 March 2017

Why Bengaluru Could Be The Indian City Of The Future

According to Knight Frank’s 11th edition of The Wealth Report 2017, Bengaluru is among the top seven hotspots around the world that present exciting opportunities for private property investors in 2017 and beyond.

In another survey - Jones Lang LaSalle's fourth annual City Momentum Index of cities around the world – Bengaluru is placed right at the top of the World’s Most Dynamic Cities, beating out the likes of Shanghai, London, Dubai, New York and even Silicon Valley in the US. This index tracks the speed of change of a city's economy and commercial real estate market. It covers 134 major established and emerging business hubs and identifies cities that have the potential to maintain the greatest dynamism over the short and long term.

According to Jones Lang LaSalle, "Most dynamic cities share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity.”

The Passport Cities Database projects that Bengaluru will be one of the three Indian cities to record the fastest rate of real GDP growth over 2016-2030, making the future of the former ‘Garden City’ look very rosy indeed.

With an eye on the future, House OfHiranandani has already been steadily developing a diversified portfolio of properties in Bengaluru. In case you haven’t seen them yet, have a look at these impressive video vignettes of the well planned developments in Devanahalli, Hebbal and Bannerghatta.  Also, this video explains why we continue to push for growth in South India.

Bengaluru’s success can be attributed to three major factors:

One, known as the ‘Silicon Valley Of India’, it has attracted some of the brightest and most ambitious scientific and technological minds from around the world.

Two, government involvement seems to have worked to Bengaluru’s advantage. Here, the government has, over time, promoted investments in the city and developed a positive relationship with business and industry. There are a number of government initiatives that are bound to further enhance Bengaluru’s reputation as a city with an eye on infrastructure development: the proposed Mumbai-Bengaluru Industrial Corridor, the under-development NICE expressway that will connect the city to Karnataka and Mysore, and the expansion of the Namma Metro system.

Thirdly, Bengaluru, with its high standard of living and ease of doing business, has been steadily attracting some of India’s wealthiest individuals. According to ET Realty, “the city has 220 Ultra High Net Worth individuals, a number which has grown by 15% in the last one year.”

Many decades ago, India’s first Prime Minister Jawaharlal Nehru had predicted that the then-sleepy Garden City would be India’s ‘City Of The Future’. Now, with Bengaluru being declared ‘The Most Livable City in India’ in 2012 and with its most recent accolades, it would seem like our esteemed late Prime Minister’s prediction might be truer than we could have imagined. 

Follow Passion, Find Success

Looking back at my journey, though I had initially started my training in the medical field, destiny led me towards architecture which in turn is what I am today.

In those days (1980s), land was easily available on deferred payment wherein you could put up your signage, start selling and use that money to get approvals and then start constructing. Our first bad experience with one of the initial land proposals that came our way, is where we got to learn of the risks involved in starting anew. Nevertheless we took that risk and started our first project in Versova at a rate of Rs.241 per sq ft.

Since we were always short of capital, we believed in purchasing something that could be available on the above terms and then launch it.  Later we bought this land in Powai where there were multiple land owners which added to the risks though but we still went for it, Powai being a big challenge.  Slowly we assembled this into a large land parcel and started selling it at Rs 450 per sq ft in 1986. In the initial years, we suffered losses in Powai, but the continuous thought in mind that we would definitely profit in the next phase made us accomplish a lot of land in the interim. Post this we started aggregating land in Thane.

I have always done only architecture and construction. Legal, accounting and liaising have been necessary evils. We are better known for our engineering function rather than finance circles as we have never raised money. People who have worked for us always get promoted faster when they go elsewhere. We had huge training programs set up by Anthony Remedios, a Goan [architect] who was passionate about design and architecture.  

For me, at the end of the day, I want my business to be about creativity of design rather than creativity of financing.

Following my passion, I can feel the rewards.

Saturday 4 February 2017

Budget 2017: A Push for Reform

As business leaders, the annual budget is always an occasion we await with a mix of optimism and trepidation. This year’s budget, presented by Finance Minister Mr. Arun Jaitley was a welcome push for stability and calculated, measured growth.

A positive outlook overall

I would call this year’s budget a ‘reform oriented budget’ where the expenditure is focused on economic growth and development, especially in the rural areas. It also reflects the government’s intention to improve the investment climate with a view to stimulate growth. The massive push for improvement in infrastructure -  including record capital expenditure for roads and railways  - will indirectly benefit the real estate sector in the long run.

A step In the right direction

Another positive initiative is the move to grant infrastructure status to affordable housing as it will act as a catalyst to the government's vision of Housing for All by 2022. This will lead to higher participation by private players in this segment as they can have access to institutional funding and other government subsidies. Along with tax rebates for the salaried class which will lead to higher disposable income and interest subventions, this can be a potential winner in the long run.

A suggestion: the government should redefine affordable housing clearly, keeping in view the different geographies in India.

Similarly, the decision to increase the qualifying unit area for affordable housing from built up area to carpet area will lead to an increase of around 20% per unit for the end user. Also, increasing the time frame for completion to 5 years indicates that the government acknowledges the practical and operational difficulties faced by developers in this category.

Sound Policy

The decision to tax capital gains on Joint Development Agreement upon completion of the project is a significant move. However, more clarity is required to avoid litigation which is bound to happen given the current ambiguity. The tax break of 1 year post receipt of the completion certificate, for the unsold stock, and reduction of long term capital gains to two years will provide respite to investors and developers alike.

Looking To The Future

While these initiatives are noteworthy we need to remember that Deregulation will be the key to the success of various government initiatives. A major impediment to real estate development in India remains the approval process. While the government has done a lot to ease the functioning of the real estate sector and protect the consumers, it must get the statutory authorities responsible for clearing the projects within the purview of law.

The other major concern remains that corporate taxes and dividend distribution tax remains the highest in the world. We hope this is addressed in the future to attract more investments in the corporate sector.

Here’s looking forward to a prosperous and stable 2017 for India and our industry.

Tuesday 31 January 2017

The City We Deserve

It is estimated that over 50% of the world’s population now lives in urban areas and that this will rise to 70% by 2050. Cities are without a doubt, the future of mankind. As someone who has been a curator of fine living and views architecture through a magnifying glass - the most important question I ask myself is "what goes into making an ideal city"?

Strong infrastructure and innovative design, i.e sustainable architecture, is imperative to the creation of an ideal city. However, the liveability aspects of the city, i.e, those facets that result in an ideal community, are just as important to create the city that we deserve.

Today, the most important concept of a good liveable city is its high streets. How successful a high street is in a city will indicate how healthy a city is, how lively a city is. The city sidewalks, the city footpaths, the city pedestrian walkways provide the soul and life to a city, not enclosed areas where pedestrians hang out.

Cities are here to grow. Designing public spaces benchmarked to the best cities in the world is the need of the hour. Central Barcelona has a higher density of population than Mumbai. It also has less green spaces than any Indian city. It has the same rainfall pattern as India wherein there is a lot of rain for a few days and is water stressed the rest of the year. It however creates superb hardscape public spaces with few trees interspersed in the city. The word green spaces need to change to public spaces.
Our ventures in South India are all about contributing to the creation of such a city. Whether you look at Devanahalli or OMR, we are always striving to create an engaging locale, an ideal community in which style meets substance because of a healthy high street culture and public spaces. Where the community brings to life an ideal metropolitan experience in harmony with nature that magnifies the way we live.

However, a beautiful house is of no value if it leaves a massive carbon footprint on the surrounding environment.  The ideal city demands a sustainable setup with a high street culture and innovative concepts like hardscaping. The end goal of an ideal city will always be its residents’ joy and happiness. The best way to attain this goal is to create a sustainable and liveable city.