India Focus

Project Description     
a) Landscaped pathway will be provided for the entire stretch, which will enhance the appearance of the main entrance to the apartment.

b) The entrance pathway to the apartment will be paved with natural pavers.

c) Ground floor lobby will be of marble flooring.

d) Recreational area with health club & gymnasium will be provided.

e) Children’s play area will be provided.

f) Swimming pool will be provided

Project Address    

Address
Jain Housing & Constructions Ltd., 11, Somasundaram Street, T.Nagar, Chennai

Locality
Rajakilpakkam

City
Chennai

State
Tamilnadu

Project Information   
Property category      :      Individual Apartment
Property Type      :      apartment
Locality      :      Rajakilpakkam
Project Owned by      :      Individually Owned
Commencing Date      :      1/Feb/2007
Date of Completion      :      Sep/2008

Project Description    

Club house with well equipped Health club and Gymnasium, Sauna and Jacuzzi Multi purpose Party area with pantry, Snooker, Cards deck, Swimming pool and toddlers pool with filtration plant.

Creche & play home.

Landscaped Gardens, Rain water harvesting (recharging) with soak wells.

Domestic sewerage treatment plant for reusing the water for irrigation, flushing and landscaping.

Fire fighting system confirming to latest standards including fire detection and fighting system, fire safety in building design, fire escape staircase, fire hydrant system, fire alarm system and public address system.

Project Address     

Address
Lake point tower, Off hosur road

Locality
Near to Bommasandra

City
Bangalore

State
Karnataka

Arattukulam Builders
#60/3, First Floor, Opp. Manipal County Club,
Singasandra, Bangalore-560068.
Phone: 080-25736140/141
Mobile: +91-9900312091, +91-9449184155

Parsvnath Developers Ltd has announced that on April 19, 2007 the Company has performed the earth breaking ceremony and launched Parsvnath Royale, a premium multistoryed group-housing complex in Panchkula, less than 11 km from Chandigarh. Parsvnath Royale, a 146 Crores project is spread over an area of 7.2 acres and is strategically located in the heart of the city. This land is a part of license number 610/2006 in the name of Samar Estates Pvt Ltd.Parsvnath Royale offers premium life style to customers to choose from a range of 440 three-bedroom air-conditioned apartments. The entire complex is within vast green zones that keep the residents close to nature. Packed with facilities like uninterrupted power supply, ample space for parking, water through R.O System, separate play area for kids, round the clock security and intercom connectivity, this group housing entails an array of lifestyle features for that luxurious living.

These set of air-conditioned apartments are supplemented with a well-equipped modern club for its residents that offers fabulous choice of ultra-modern facilities. Flats of 1740 sq.ft start at a price of Rs.3,450 per sq.ft .

Speaking at the launch, Mr. Sanjeev Jain, Managing Director, of the Company said, “Parsvnath Royale comes with a sense of simplicity in the lap of luxurious living. The layout of the complex and the design of each apartment gives the feeling of space and offers style with comfort.”

The project will be ready for occupancy in next three years.

Yatra Capital Limited (“Yatra”) the first Euronext quoted Indian real estate company has announced its first investment in Indian real estate. Yatra has committed up to € 21.6 million in equity for a 49% stake in a joint venture which will initially develop three residential sites in Pune, Maharashtra.All three localities are within the key corridors of growth in Pune and located next to the commercial and technology related developments. This investment in Pune underlines Yatra’s stated strategy of investing in fast growing Indian cities where the board believes there is the greatest opportunity to deliver growth and subsequent shareholder value.

Yatra’s joint venture partner is a leading and well established real estate development company, Kolte Patil (“Kolte Patil”) Developers Limited. Kolte Patil was incorporated in 1991 and since then has focused on Pune and Bangalore. At December 31st 2006 Kolte Patil had developed and constructed 25 projects, of which 22 have been in Pune and three have been in Bangalore.

The sectorial composition of these 25 projects is as follows:
• 16 Residential Complexes
• 4 Commercial Complexes
• 3 Mixed Use Complexes, residential and commercial.
• 2 Information Technology Parks

Kolte Patil has a strong management team which is led by Mr. Rajesh Patil. Kolte Patil is an ISO 9001 certified Development company and received the Government of Maharashtra’s First Prize for “Best IT Infrastructure in the State of Maharashtra” for their landmark GigaSpace IT Park project in Viman Nagar, Pune.

Saffron Capital Advisors Limited, sourced, evaluated and advised on this joint venture. Saffron has a highly experienced and talented team specializing in Indian real estate investments. Yatra through its subsidiary K2 entered into an Investment Advisory Agreement with Saffron Capital Advisors in August 2006.

Following this investment, Yatra Capital Limited will have invested € 21.6 million of the € 100 million that it raised in December 2006

Commenting on this investment, Sir Nigel Broomfield, Chairman, Yatra Capital Limited, said, “We are very pleased to announce our first investment in India which is a joint venture with a leading, experienced and internationally accredited real estate partner, Kolte Patil Developers. This opens our investment account in India and is in alignment with our strategy of partnering experienced developers to create shareholder value for Yatra.” Commenting on this investment, Mr. Rajesh Patil, Chairman & Managing Director, Kolte Patil Developers Limited, said, “This is a key milestone in the growth of Kolte Patil Developers Limited. Yatra Capital Limited through its advisor Saffron Capital Advisors is a very well informed and networked partner that creates value not only through equity investments but also through its extensive knowledge on quality real estate development. We are looking forward to working closely with Yatra Capital Limited to develop several projects within Pune and other cities.”

Commenting on this investment, Mr. Ajoy Veer Kapoor, Managing Director, Saffron Asset Advisors, said, “Pune fits perfectly with our stated investment strategy and is exactly the type of Indian city we will continue to focus on. It has a rapidly growing economy which is creating demand across all segments of real estate to satisfy an increasingly affluent and expanding population which demands a higher quality of living than is currently available. Pune has the added advantage that its growth is also underpinned by its long standing status as the automobile hub of western India”.

ING Real Estate a unit of global financial major the ING Group is looking at real estate investments in India and could set up a fund for this purpose.According to news reports, strong interest in Indian property from ING’s clients has led to the firm looking for its first deals in the country. ING Real Estate focuses on the development, financing and investment management of quality real estate in all major global markets with a total portfolio of over EUR 90 billion.