Home & Art Summer Edition 2023

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Home &Art

Let’s Talk Luxury Interiors with Vinita Chaitanya Artist Pratap Morey Captures a Transforming Mumbai Conversation with Superstar Chef Manish Mehrotra Portugal : The Perfect Summer Getaway
SUMMER 2023

WELCOME

Goodtimes, these are the good times, Leave your cares behind. These are the good times, Our new state of mind….” The lyrics of a disco classic titled ‘Good Times” by Chic released as far back in 1979 captures the joi de vivre that seems to be prevalent around us.

This world is making up for all those missed family reunions, subdued weddings and lost milestone celebrations. Luxury indulgences from homes to holidays continue to be in demand, despite the conversations of a jittery global economy in 2023. Globally, as the SIR luxury outlook report points out, the struggle is to get the right kind of listing which meets the ask of the discerning luxury buyer.

In India, we see a similar trend in the vacation home segment, especially in that of Goa. Further, luxury inventory is shrinking in the desirable addresses of the top cities nationally. New inventory will come but it takes time to build. Demand though will hold up with India poised to maintain a 6.5% plus GDP growth. Savvy HNI’s participating in our annual survey have said that they are looking at real estate as an asset class to beat these inflationary times and make reasonable gains over the next 12-24 months.

With that positive mood, plan your summer jaunts and carry our summer edition with you; from expert advice for dressing up your vacation homes from a celebrity designer to the hidden gems of Goa, and must visit travel destinations such as Portugal, we promise you a lazy, languorous read.

By the time I finished editing and polishing this summer special I was already dreaming of a faraway place; sipping a strawberry daiquiri, in smashing resort wear designed by Shivan and Narresh, planning a home makeover with tips from Vinita Chaitanya! This edition aims to fill your vacation with things to see and do - historic museums of Mumbai, a delectable recipe from celebrity Chef Manish Mehrotra, an exotic destination Veyla Natai in Thailand. After all, when it comes to great experiences, “Ye dil maange more.”

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THE SUMMER EDITION OF HOME & ART

SUMMER 2023

Contents

lifestyle

leT’S TAlk luxuRy INTeRIoRS WITH vINITA CHAITANyA

The celebrity designer holds her own in India’s interior design market largely dominated by architects. Her forte lies in her personalized touch to create a lifestyle for her clients.

Art | gourmet

Regality

RoyAl lIvINg PReSeRved WITH CARe, CHANgINg WITH love

Jai Vilas Mahal is home to the Royal Family of Gwalior. Maharani Priyadarshini Raje Scindia's heralding a much needed change to make the palace museum a thriving centre of design and culture, and nurture local talent.

Cover

Vinita Chaitanya's aesthetics are a blend of contemporary, classic, bold and eclectic. Her unique style can transform a space.

Magazine Design

Asia Media Design New Delhi (INDIA)

18 An Artist’s Sketch of A Transforming Mumbai. Pratap Morey captures the many moods of a rapidly transforming Mumbai.

24 A Conversation Served Fresh. Fashion & lifestyle journalist Ambika Anand catches up with Superstar Chef Manish Mehrotra.

Art | Travel |

30 Indian and Himalayan Art.

The highlight of this season’s auction was a group of eight masterpieces of Tibetan art from the Nyingjei Lam collection.

46 A Walkthrough Mumbai’s Museums & Galleries.

50 Time Well Spent Around Veyla Natai Residences, Thailand

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Fashion

SHIvAN & NARReSH: MAkINg A SPlASH

Characterized by bold prints, colours, and intricate embroidery, their chic and contemporary style clothing is versatile to be flaunted on beaches, resorts, and casual gatherings, equally well.

destination

NoRTH goA - THe HIddeN geMS

The undisputed Goa expert of India Sotheby’s International Realty, curates his favourite list of the lesser thronged North Goa villages, which continue to retain their pristine flavour.

Culture | Travel | listings

58 Time To Polo.

This sport of kings is synonymous with aristocracy, and rightly so.

66 Clubs of Kolkata, Spaces of Well Being.

The famous Clubs where the well-heeled gentle men and women congregate for sports, spirits, and celebrations.

70 Portugal : The Perfect Summer Getaway

74 Evolving Nature of Land Transactions in India

76 Listings : Fine homes and properties for sale.

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Let’s Talk Luxury Interiors with Vinita Chaitanya

An interior designer par excellence, a fashion icon, an Instagram influencer – Vinita Chaitanya carries her multiple personas with utmost ease. This celebrity designer holds her own in India’s interior design market which is largely dominated by architects. The reasons are not hard to fathom. Her aesthetics are a blend of contemporary, classic, bold and eclectic and her unique style can completely transform a space. Vinita has worked with a who’s who list of clients, including top industrialists, start-up founders and Bollywood stars like Deepika Padukone and Ranveer Singh. Her forte lies in her personalized touch to create a lifestyle for her clients. Even after years of handing over projects, many of her clients still call her to advise them before any new purchases.

Ahead of the summer, this ace interior designer shares trends and ideas for a new look for your vacation home or even a luxury weekend home in the city.

Create Welcoming Yet Quiet Spaces. The biggest trend for leisure homes currently is weaving in nature. Post covid, there’s literally a 360-degree switch. People want to step out, breathe, walk in the grass. The important theme in vacation and weekend homes that I’m designing in the outskirts of Bengaluru or in destinations like Coorg, Goa and Alibaugh, is the blurring of outdoor and indoor spaces. All doors lead you to the outdoors. Indoor - outdoor spaces are seamless and blend in to each other. Personally, I like to add touches which bring in nature into your homes. Especially if you can’t have a large garden. We create those fragrances and experiences by bringing in clusters of plants like Eucalyptus, Jasmin or Roses.

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[ Photos: Shamanth Patil, Antonia Martinelli, Fabian Charuau, Jaipur Trunks ] | Vinita Chaitanya (on the right) holds her own in India’s interior design market, largely dominated by architects.
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The other important aspect I nudge my clients to look at, is to design their get-away homes with different zones. You will have guests over! There should be entertainment spaces for all of you to be together, yet they and you, both need privacy and quiet moments. Entertainment zones and guest rooms can be planned to be detached from the main house. And adding creative pathways and walkways increases the experience of the space, even if it’s just a short walk away. Indoor courts are also a great feature not only to add light but to bring in nature. Post pandemic, the length of stays in second homes has gone up exponentially. A sound-proof dedicated room to do your work, take your

calls with excellent wi-fi is a must. This space if located in your garden always works wonders.

For Family to Bond.

The biggest space for the family to bond is the kitchen. My kitchens are drama! We add skylights or vegetable gardens to wander into, we add Islands not only to work on but to sit around and have a family cookout. This is the space where you want to toss a pasta or a salad with your kids, mix a sangria with your friends, and bond over meals. I spend considerable time designing this space in holiday homes.

In larger homes, you can design a big kitchen which

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doubles as a bar and opens into a family lounge and voila, the kitchen becomes the fulcrum of family activities. For clients who love the garden, I even take the kitchen extending into the garden, as a conservatory.

And it’s always most important to get the basics right like dividing the kitchen into wet and dry. Do accommodate for a back kitchen where the staff can continue to do their work, without interfering in your private space.

The other important aspect I nudge my clients to look at, is to design their get-away homes with different zones. You will have guests over! There should be entertainment spaces for all of you to be together, yet they and you, both need privacy and quiet moments.

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Personally, I like to add touches which bring in nature into your homes. Especially if you can’t have a large garden. We create those fragrances and experiences by bringing in clusters of plants like Eucalyptus, Jasmin or Roses.

Comfort First.

Comfort is the most important aspect of the holiday home interior design. People need places to lounge, and here furniture design assumes most importance. Of course, it must be stylish, but don’t compromise on the comfort. Large couches, pull-out chairs which people can lay on, footrests to keep your feet up, tables that layer up for multiple uses, lazy boys, these are some of the must haves. Then add some snuggle friendly pieces like colourful throws or a Lucious shawl, large lumbar cushions and throw pillows. You can source online from a Pottery Barn or international designers, or just opt for our lovely pashminas as softwraps.

Comfort should also be extended to “easy to maintain”. The right flooring in Indian stones or honed marble, which feels great when you walk bare feet and is low maintenance, should be the way for tropical homes. For colder locations, you need to pick the right wood with insulation and drape it with stunning textured rugs.

The

“In” Colours

Well, if you’re in Goa, you might be happy with a vibrant colour scheme. People still enjoy ochre or terracotta, or the Mediterranean blues look. I am personally moving towards creating calmer spaces in sync with tropical greens. I don’t add too much colour on my walls and use warm sophisticated neutrals instead.

10 | LIFESTyLE | | Property ID 4Q3SBS on SIR.com

What’s the splash out?

Bathrooms, believe it or not. You can’t imagine how comfortable and stylish a bathroom can be. It's not that people use a lot of tubs. But if you have that space, opt for a bathtub against the window or an outdoor hot tub amidst level privacy. If you don’t have space for a pool, go for a Jacuzzi as an outdoor piece. I love to create homes for my clients to feel calm in, like a personal retreat.

Your Core Design Philosophy

My style is pretty freewheeling. It always nods to the client’s travels and lifestyle, marries vintage classics, bold modern pieces with traditional craft and artisanal made objects, and always involves the use of heritage whether in art or textiles.

My involvement goes as deep as not only sourcing the best of accessories but even the wine for your bar! I remember the time when Jitu Virwani of Embassy Group moved into his Bangalore home that I had done the interiors for. On the first evening when he was entertaining some friends, he called me for the location of the corkscrew for his wine.

Large couches, pull-out chairs which people can lay on, footrests to keep your feet up, tables that layer up for multiple uses, lazy boys, these are some of the must haves.

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| Jaipur Rugs
SUMMER 2023

India Proud

In my earlier years I used to import a lot of my furniture, rugs, art pieces and curios. Many of my luxury clients were brand conscious and wanted international luxury brands. I enjoyed that process and my trips to Milan and Paris to see what the world was doing. That was a time when getting that finesse and finish in India was difficult.

I would come back and show my contractors the photographs and slowly we started working with local artisans and craftsmen to contemporise and perfect the finish. Today, there are a host of exceptional Indian brands which offer quality at par with the best internationally. Vikram Goyal Studio, Jaipur Rugs, Jaipur Trunks Company, Scarlett Splendour are a few names. I was able to convince Dilip Surana of Microlabs who had this big vision board, with the best of the brands from the world. When I entered the project, I convinced him to visit a few of the Indian brands I work with, and he was most delighted with what he saw. Dilip now proudly shows off some of his best pieces which are sourced from India. v

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| Jaipur Trunk Company

Royal Living

Preserved With Care, Changing With Love

Established in the early 1870s, the Jai Vilas Mahal is home to the Royal Family of Gwalior, the Scindias. Often the preservation of royal traditions and architecture can be daunting, but this is where Maharani Priyadarshini Raje Scindia steps in with aplomb. She’s heralding a much needed change to make the palace museum a thriving centre of design and culture, and nurture local talent.

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| The Durbar Hall adorned with stunning chandeliers.
SUMMER 2023

| Spread over (approx) 30 acres, the Jai Vilas Palace in Gwalior is luxury at its finest. This 3-storied palace with it’s beautiful mix of Tuscan, Italian Doric and Corinthian architecture, was established in 1874 by Maharajadhiraj Shrimant Jayajirao Scindia.

With the fragmentation of the Mughal rule in India and the imminent rise of the Maratha Empire, the semi-autonomous state of Gwalior came into existence. Gwalior rose to prominence in Central India and began to dominate the affairs of the confederacy. What is a princely state such as this worth, if it doesn’t boast of a palace that fits, if not exceeds, the reputation of its rulers and history?

Spread over close to 30 acres, the Jai Vilas Palace in Gwalior is luxury at its finest. This 3-storied palace with it’s beautiful mix of Tuscan, Italian Doric and Corinthian architecture, was established in 1874 by Maharajadhiraj Shrimant Jayajirao Scindia to welcome Prince George and Princess Mary of Wales who were due to visit two years on from then. It still is home to the Scindia family, the royal family of Gwalior.

I have been incredibly lucky to not only visit but to stay at the palace, courtesy of my dear school friend, the young prince of Gwalior. With its many magnificent bedrooms, gorgeous, gilded reception halls, the chandelier adorning Durbar Hall Wing, the grand staircase complex (a personal favourite of mine) and many others striking features that maintain and preserve not just a physical structure of this scale but the history and traditions that go with it. Often the preservation of royal traditions and architecture can be daunting, but not for the Scindia family and the beautiful Jai Vilas Mahal. Sure, there are challenges and complications that come along with being proprietors of a space like this, but that’s where Maharani Priyadarshini Raje Scindia steps in with aplomb .

Owing to her Maratha Nepalese royal lineage and marrying into the same royal heritage, there were several cultural synergies. The differences lay more so in personal family values and ceremonies, which encouraged the Maharani to bring in some of her own Maratha sensibilities. In her words, " some of the changes that started coming into play were things such as language, for instance, speaking Marathi again, bringing in more Marathi-speaking people to work around the palace and basically just reviving that part of the cultural lineagle again. Restarting certain ceremonies that may have been sort of lost over time was very important to me", she adds.

"I am not a historian. Rather, I call myself a storyteller and I take great pride in telling the stories the way they need to be told." she quips. “A lot of our history is also written by the British. So, it's a history that's written in a different language and needs to be retold in our own vernacular.” The Maharani has immersed herself in bringing alive a reservoir of written and oral history, the culture and the people, bringing to the forefront scholars, craftspeople,

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| The museum is packed with incredibly priceless items

and artisans. This cultural preservation has evolved into a full fledged physical responsibility that comes with inheriting the palace museum attached to the Jai Vilas Mahal. This is the one task her father-in-law and parliamentarian, the late Madhav Rao Scindia was extremely keen on her taking up. And the Maharani herself, being a sharp, culturally and historically well-read people's person, could uplift the museum and the palace with so much ease.

What stands out when speaking with Maharani Scindia is her perspective on the palace. She talks of this beautiful architectural heritage building as a person and that too, giving it a feminine noun. "She just keeps me going all the time. It’s because she is not just a relic, she’s something that we look up to constantly. She's held her own against the onslaught of battles, nature

and human interference. Even today, she inspires us to work harder because she just expects a certain level of care. She keeps you on your toes, she's constantly keeping you motivated. You're constantly thinking about her because she demands that from you. " This personification of Jai Vilas Mahal by the Maharani is nothing short of fascinating.

The white-painted sandstone the palace’s interiors feature halls upon galleries lined with antiquities, portraits, priceless carpets and more that are meticulously kept as a legacy of the family. The museum is packed with incredibly priceless items, such as the Silver Buggy, the Scindia family's royal carriage that was created in the late 19th century under the rule of HH Madho Rao Scindia. The Palace is also home to the Kirman Masha'ir carpet which is one

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The sandstone palace’s interiors feature halls upon galleries lined with antiquities, portraits, priceless carpets and more, that are meticulously kept as a legacy of the family.

When one works in heritage palaces one inherits quite a few set in stone systems. The conversations with the staff about the changes I want to bring in, what the museum is going to be about, and what it will stand for, are never easy.

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| Madhavrao Room

of the greatest in the world, made in the city of Kerman in south-eastern Iran. In this pictorial carpet, the main field and the medallion are covered with 185 portraits of European leaders and Persian emperors, including those of Jesus, Napoleon and a youthful Shah of Iran.

“When one works in heritage palaces, one inherits quite a few set in stone systems. The conversations with the staff about the changes I want to bring in, what the museum is going to be about, and what it will stand for, are never easy.” Priyadarshini Raje Scindia’s quest has been to take it from being a decorative arts museum to a space of culture and design.

She now works directly with local youth and local artisans which includes retraining them to showcase both traditional and contemporary artwork, be it stone crafts, pottery or ceramics. Priyadarshini adds, "The responsibility of the palace even today is to be a center of design, creation and recreation." Given the cultural complexities in the structures of the palace, workers and craftspeople are exposed to a range of styles enabling them with multiple opportunities in the marketplace. " The palace itself offers the artisans food for thought and is a great place for them to start exploring their own ideas.”

The responsibility of royal living in modern times is something Maharani Priyadarshini Raje Scindia is adamant her children learn and understand. " It's about the work we all must put in. It’s a privilege, yes, but one that comes with serious responsibility.” This is abundantly clear from the respect and adulation the family receives from the people around, with the Maharani leading the preservation of Maratha history, tradition, and culture in its ever-so multi-dimensional form. v

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| Maharani Priyadarshini Raje Scindia with her two children, Yuvraj Mahanaryaman Scindia and Rajkumari Ananya Scindia.
The responsibility of royal living in modern times is something Maharani
Priyadarshini Raje Scindia is adamant her children learn and understand.
SUMMER 2023

An Artist’s Sketch of A

From the ‘jaali’ work of a discarded window of a razed building, to capturing forgotten nuances like the religious names of societies that gave people a sense of safety and wellbeing, Pratap Morey captures the many moods of a rapidly transforming Mumbai. Working with unconventional materials including archival quality materials, aluminium and PVC, his striking art has patrons like the Godrej and the Mariwala families.

18 | ART |

Transforming Mumbai

Pratap Morey has been documenting the ever-evolving developments across the city and transforming this into meaningful art – both in digital and physical forms.

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| Being in Human III | Archival ink on archival paper AP + Edition of
3 | Size: 44” x 144"

Aquaint bungalow nestled away in the fringes of Mumbai’s suburbs, surrounded by greenery and quiet, serves as the talented contemporary artist Pratap More’s studio.

Morey’s initial art form was primarily self-portraits which then expanded into real estate. This is an extension of sorts of his self portraits as his current art form is an amalgamation of his dream of becoming an architect and his inner conflict with the constant but necessary development across the city that he has called home for the past three decades.

Fascinated by the organised chaos that is Mumbai, Pratap has been documenting the ever-evolving developments across the city over a period, and transforming this into meaningful art – both in digital and physical form.

In his latest body of work, Morey filters out the hustle and bustle of the city with its mass of human bodies, its sights, sounds and smells, training his gaze instead on the massive modular blocks of construction material used for large real estate and infrastructure projects. Like pieces of a Lego set, they patiently lie in wait for their moment of assembly, when according to a pre-determined plan they will neatly click into place to create a flyover or the stretch of a metro line. But for Morey they represent concrete ciphers, waiting to be decoded and put to more imaginative use.

Working with unconventional materials including archival quality materials, aluminium and PVC, his work portrays symmetry and order at first glance. However, on closer inspection, one notices the finer details like the buildings, the infrastructural development in the city, the people, the roads and how they all jostle for space and yet somehow fit together.

The materials he uses for each painting serve a purpose.

For example, in his work 'Blue Print- Man Proposes Man Disposes’, the aluminium surface is layered with numerous coats of primers & paints to achieve the desired smoothness suitable for intricate drawings. Morey references the flashy glass facades of corporate giants with his white on blue linear hand drawings. In addition, they reflect on the sophisticated and sanitized lifestyle people tend to inherit when working or living in these structures. The primary focus of the drawing is the man-made world of dream houses, skyscrapers, concrete jungles and fabricated security grills existing without the essence of humans themselves.

In this series, the artist’s choice of medium is equally important. While evaluating different mediums, Morey realised that the texture of canvas didn’t do justice to his vision. He realised that paper thin and smooth aluminium sheets were a good alternative and fit well with his thought process as it is also used in construction, something that Morey explores and comments on, in his artworks.

A delve into his work titled ‘Endocarp’, one sees the technique of rotering ink drawing on aluminium composite panels, and the use of both pigment ink and acrylic colour.

This art work is created by using a combination of archival

20 | ART |
| Superimpose 2.0.17 Isograph ink drawings on archival print pasted on hahnemühle archival board Size: 20.5 x 12.5 inches

Size:

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| Superimpose 2.0.20 Isograph ink drawings on archival print pasted on hahnemühle archival board 20.5 x 12.5 inches
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| BLUE PRINT: Man Proposes Man Disposes-I, Drawing on dibond sheet, pigment ink, acrylic colour Size: 29.3 x 48 inches | Concrete cipher III Archival ink drawings & cuts on museum board, Size: 18.8 x 16 inches

quality material & industrial materials, portraying a symmetry and a polished architectural blueprint from a distance. Although, if the viewer looks closer, the rendering of spatial realities will grab their attention. The artwork draws on the intermediate state, a stage of transition. Morey shares,” There is a conflict of manmade and machine-made throughout this series.” The mechanical dissection of chawl life and its architecture brings an interesting contrast against little details like a toy bike featured in the center panel. It provokes the nostalgic sound of children playing in the chawl street, and reminds us of it being replaced with the silence of glass and steel buildings.

Meta has commissioned him to transform the walls of their office space in Gurgaon by weaving elements of a city scape on the walls, transforming it to be one with the surroundings. Pratap is re-imagining Meta walls by creating a larger-than-life blueprint of Mumbai.

He has a keen clientele who collect his works ranging from businessmen to industrialist families. Pratap’s new work will be ready in the second half of 2023. His current art can be found at the Art Gallery Tarq in Mumbai or online at www.tarq.in. v

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| On the top: Endocarp - I, Rotring ink drawing on aluminum composite panel, pigment ink, acrylic color Size: 22.2 x 22 inches (left & right panels); 14 x 8 inches (center panel)
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In Morey's work 'Blue Print- Man Proposes Man Disposes’, the aluminium surface is layered with numerous coats of primers & paints to achieve the desired smoothness suitable for intricate drawings.

A Conversation Served Fresh

Fashion & lifestyle journalist Ambika Anand catches up with Superstar Chef Manish Mehrotra of the Indian Accent fame. He has made dining on Indian food an absolute luxury and is euphoric for the taste buds. What makes him special is not just his warmth, but his desire to teach and share his culinary secrets. No wonder some of the best- known chefs across the world are past members of his team. His legacy includes redefining Indian food to recreate nostalgia yet weave in global influences into his recipes. To be on top is easy but to carry others along with him is what makes him truly iconic.

Chef Mehrotra’s favorite food/cuisine?

I am a craving centric person. I love South Indian food. In Mumbai I would recommend small joints in Matunga for Konkan food and basic South Indian. I like Kappa Chakka Kandhari by Regi Mathew in Chennai and Karavalli in Bangalore. In Delhi for my duck craving, its China Kitchen in Hyatt. A good creamy risotto by my daughter with a generous amount of parmesan cheese also makes the cut!

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| Mishti Doi Cannoli, Sweet Amaranth

Farm to table is the latest rage. How can one implement that in daily life living in a city?

Farm to table is a concept that comes from countries that import most ingredients including bananas.

We are based in Delhi and get ingredients from reliable sources like hydroponic farms in Greater Noida called Nature’s Miracle and Krishi Cress . The world is obsessed with quinoa which comes from South America and creates a huge carbon footprint before it reaches your plate. It is healthier to eat locally grown millet. Farm to table is essentially cooking and eating locally grown produce.

Do you cook at home or while entertaining at home?

I don’t like to cook at home. I make Maggi at 2 am sometimes, or on a day off, make a mutton curry with music in the background and single malt in my hand.

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| Manish Mehrotra, Culinary Director, Indian Accent Restaurants Photo: Rohit Chawla | Manish Mehrotra in the market. Photo: Rohit Chawla
SUMMER 2023

What are the five gadgets you recommend to a home cook that can up their cooking experience?

Here are the must- haves.

1. A good Japanese knife.

2. A wok

3. A 'Rational' Oven –the Rolls Royce of ovens.

4. A heavy- bottom pan for a braised dish or slow cooking like Le Crueset

5. Sumeet or Sujata Mixer Grinder: Indian Mixies are imperative as their RPM is what you need for Indian food. In the fancy mixer grinder, chutney pisti nahi (does not grind well).

| GOURMET |
| Shisho patta, yoghurt, tamarind chilli

While in college, I ate a really bad beetroot salad and, since then, I never quite liked the vegetable. I did not experiment with it or use it in any of my dishes. But after eating beetroot in many avatars in some of the best restaurants around the world, I decided to try and create an Indian Accent dish. In India, the vegetable has been gaining popularity, rising above its status as a vegetable used in salads merely to add colour, or to be carved into a flower or duck to decorate wedding buffet tables.

This dish is inspired by the traditional Ukrainian dish Tsvikili, which is made with grated beetroot, horseradish, sugar, salt and vinegar. By adding crunchy peanut butter and pungent wasabi to sweet tasting beetroot in this dish, I finish my circle of tastes for any dish.

Ingredients for Tikki

For Tikkis

Beetroot, medium size

150 gms

Cumin seeds ½ tsp

Ginger, chopped

1 tsp

Garlic, chopped ½ tsp

Green chillies, chopped ½ tsp

Boiled potato, medium size 1 no.

Garam masala powder ½ tsp

Chaat masala ½ tsp

Coriander leaves, chopped 1 tsp

Salt to taste

Crushed roasted peanuts 2 tsp

Chunky peanut butter

3 tsp

Ghee 2 tsp

Tempura batter 1 tbsp

Panko breadcrumbs 3 tbsp

Olive oil for grilling

Ingredients for Chutney

Mayonnaise

2 tbsp

Wasabi paste 2 tbsp

Salt to taste Lime juice ½ tsp Capers (for garnish) 5–6 nos.

METHOD

Prepare Tikkis:

Wash the beetroot thoroughly, removing all the mud. Roast whole in a preheated oven at 200°C for 30 minutes. Remove from oven and, when cooled, peel and grate.

Grate the boiled potato and keep aside.

Heat ghee in a heavy bottom pan. Add cumin seeds. Allow to crackle. Add chopped ginger, garlic and green chillies, and sauté. Add grated beetroot, cooking the ingredients till all the water evaporates. Add grated potato, garam masala powder and chaat masala. Sauté for 5 minutes. Finish with chopped coriander and salt.

Transfer the mixture to a bowl when cooled. Add crushed roasted peanuts. Mix thoroughly.

Divide the mixture into four equal portions. Shape into rough balls. Place each ball in your palm and make a small indentation. Fill this with a dollop of peanut butter and shape the ball into a patty. Lightly coat with tempura batter and crumb with panko breadcrumbs. Refrigerate while preparing the chutney.

Prepare Chutney:

Blend wasabi paste, mayonnaise, salt and lime juice into a smooth paste. Adjust seasoning.

Fry Tikkis:

Heat olive oil in a non-stick pan. Grill the tikkis till golden brown.

Serve:

Arrange tikkis on a plate. Drizzle wasabi chutney on top. Garnish each tikki with capers and quinoa puffs (optional).

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| Beetroot and Peanut Butter Tikki, Wasabi Caper Chutney
SUMMER 2023
BeeTRooT ANd PeANuT BuTTeR TIkkI, WASABI CAPeR CHuTNey

you have to be on your feet as a chef- any workout you follow to up your endurance and stamina?

I walked 12000-20000 steps 20 out of 31 days in January 2023. In the night I eat my dinner by 7-8 pm and try to walk 5-6 km a day in addition to my time in the kitchen. All chefs from the beginning of their careers need to be healthy and eat properly.

What is the layout you recommend for kitchens and family dining areas?

A kitchen should be designed in a way that it's clutter free and easy to clean. So avoid corners or shelves that you can’t reach. People should fumigate their home kitchens, especially the dishwashing area and the drains regularly. The kitchen should be well lit so you can see what you are cooking. I have an open kitchen in my house which is interactive.

Make sure your dining area is not far from the kitchen as food can get cold as it travels. Dining areas should be clutter free and have a light on top of the table so people can see the food you worked so hard for.

What are some food related books which are a must for every home chef?

“The Flavour Thesaurus” is a must for every food enthusiast.

This is one the early books that tells you how what goes with what, pair by pair. The book dives into different flavours of the food-world and the endless combinations that can be created.

“Plant Lab” is another book that I would highly recommend. This book shares such a wide array of vegan recipes and makes you realise how delicious vegan food can be.

Some of the best chefs in the country have worked with you- what did you teach them that led them to the path of greatness? You have to struggle and learn the basics; you can’t learn cooking from the internet or books. You must get your hands dirty in the kitchen. Its important how pleasing you are, how well you can talk but it's crucial how well you work and how well you adapt in the kitchen environment. It’s not an easy definitive journey that in three years you will become a sous chef, in 5 years an executive chef, in 6 years a social media celebrity star!

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| On the right: Tofu Medu Vadai, Lime Leaf Gun Powder, Onion Chutney Clockwise from the right: | Besan Laddoo Tart, Saffron Cheesecake; | Indian Accent Kulfis; | Daulat Ki Chaat, Mango Candy Brittle. Photo: Rohit Chawla

There are lucky individuals who have done it but not everyone has the same journey. I tell them, you have to learn the basics, think like me, then think like yourself and spread your wings and fly.

Manish Mehrotra’s advice to a budding chef.

This profession looks very glamourous but it’s not. This industry needs physical hard work in the kitchen, and you need to be mentally prepared for it. For the first five years its tough and after that if you succeed then sky is the limit.

We are facing a huge shortage of good chefs who have a catering college background or 5 years of experience in restaurant working under the tutelage of a talented chef. There are so many chefs leaving and going to Dubai, Saudi Arabia, or Qatar. v

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| Indian Accent, Dining Area at The Lodhi Hotel Photo: Rohit Chawla | Indian Accent at The Lodhi Hotel Photo: Rohit Chawla
SUMMER 2023

Indian and Himalayan Art

(Including Masterpieces from the Nyingjei Lam Collection)

The highlight of this season’s Indian and Himalayan Art auction was a group of eight masterpieces of Tibetan art from the Nyingjei Lam collection, sold to raise funds to support medical and educational projects throughout Asia.

40,000-60,000

30 | AUCTION |
A bronze figure of Parvati South India, 15th century uS$ The Nyingjei Lam Milarepa Tibet, 15th century uS$ 1.5 million - 2 million

4,000-6,000

A large gilt-copper alloy gem-inset stupa Tibet, 15th century uS$ 100,000 - 150,000

A

Eastern Tibet, 18th century uS$ 250,000 - 300,000

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A sandstone head of a lion Mathura, 1st century uS$
SUMMER 2023
Thangka of Milarepa

Modern & Contemporary South Asian Art

This Modern and Contemporary South Asian Auction featured works from across India, Pakistan, Sri Lanka and Bangladesh, capturing the beauty and diversity of art from the subcontinent.

Sayed Haider Raza, Untitled

Gouache on paper, 1951, 69.2 x 55.9 cm.

uS$ (est.) 200,000-300,000

Maqbool Fida Husain, Untitled (Woman with Sitar)

Oil on canvas, 104.1 x 46 cm.

uS$ (est.) 80,000-100,000

32 | AUCTION |

Dislocations,

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Zarina, Mapping the Woodcut printed in black on Nepalese handmade paper, 29.2 x 106 cm. uS$ (est.) 15,000-20,000 Piraji Sagara, Untitled, Mixed media on wood, 1972, 85.4 x 95.9 cm. uS$ (est.) 4,000-6,000
SUMMER 2023
Sohan Qadri, Inner Journey, Ink and dye on paper, 276.2 x 56.2 cm. uS$ (est.) 8,000-10,000

Shivan & Narresh Making A Splash

Shivan and Narresh’s namesake label brings a fresh and vibrant perspective to holiday wear. Characterized by bold prints, colours, and intricate embroidery, their chic and contemporary style clothing is versatile enough to be flaunted on beaches, resorts, and casual gatherings, equally well.

The designs are elegant, playful and capture the beauty and energy of exotic destinations. Their minimalist use of prints has found its spot in the wardrobes of celebrities from Kim Kardashian West to Aishwarya Rai Bachchan. With their luxurious fabrics and feminine silhouettes, you will feel stylish and confident, wherever you go.

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| “We love swimming! We loved the challenge of creating minimal clothing in a creative way.”
36 | FASHION |

What started with swim wear and has now expanded into resort wear, including ski wear. What inspired you to enter such a niche category of fashion?

Shivan: We love swimming! We loved the challenge of creating minimal clothing in a creative way. We travelled a lot and an important thing for us was to embrace our own sense of style while travelling. We wanted to help others achieve this too and more importantly, we wanted to create a luxury brand for the child in ourselves. Our logo, created in 2010 has five animals representing five different holiday lifestyles: snail representing beaches, peacock for resorts, dolphin for cruises, elephant for safaris and reindeer representing skiing. By our 10th anniversary, we wanted to put together woollen ski wear to capture the fifth animal of our logo and to ensure we have holiday wear covering all types of travellers.

How adaptive are your designs to the Indian body type?

Narresh: We thought that Indian women did not have too many options and were tired of wearing the same designs irrespective of their age. We also thought that women struggle with self-confidence after childbirth and start to avoid beach holidays. Women in India have been forced to fit into standard American and European sizes. Even today there are no standardised measurements for Indian women. Women in India have shorter torsos, and fuller and wider hips and busts that cannot be fed into flatter Eurocentric styles. So, women try to get around this by wearing layers of clothing because at its very foundation, what they wear doesn't fit them right. So, we studied Italian fashion, which

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| Designer duo - Shivan & Narresh

is also always known to be cut very close to the body, and created ranges that will be apt for an Indian body. We sat down and made our own chart by resizing European or American fits to Indian sizes and we modelled our entire brand around these body types.

Where do you find the inspiration for your designs?

Narresh: I think our inspiration has remained constant from the very beginning. Most of it comes from the art we encounter while travelling and we dedicate our collections to the artists who inspired them. We're very transparent, and at the same time educative, about the starting point of each collection. Once we pick a piece of art, we sit together to interpret it in terms of prints and colours. Our final products are usually just as surprising

We thought that Indian women did not have too many options and were tired of wearing the same designs irrespective of their age. We also thought that women struggle with self-confidence after childbirth and start to avoid beach holidays.

to us as they are to our audience and I think that is what art and fashion are meant to be: a human expression, timeless and not trend bound.

What differentiates you from the bigger, global luxury brands?

Narresh: Our differentiating factor is definitely our prints. You can see a person in our prints from a mile away and immediately be able to tell that it is a Shivan and Narresh design. This is the beauty and the DNA of our brand. None of the other luxury brands are so entwined with patterns.

Shivan: While a lot of brands rely on their very name for endorsement, in our case, it is the print that speaks our true language.

What should people look forward to in your resort and swimwear for 2023?

Shivan: Our next inspiration is from our travel to Finland. The series is called The Suomii after the tribals from Finland. Inspired by their culture, artists, landscape and the Northern Lights, this collection is the embodiment of the Finnish spirit. With this collection, our focus has shifted to skiwear, but you will still see some bold swimwear.

Who are some of the global and Indian celebrities that you have dressed? How did you select the designs for them?

Narresh: From the likes of Kim Kardashian, Beyonce, Oprah, and Dita Von Teese to our very own Priyanka Chopra and Shilpa Shetty, the list never ends. We have created their swimsuits, outfits for TV show appearances, evening dresses and gowns.

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We sat down and made our own chart by resizing European or American fits to Indian sizes and we modelled our entire brand around these body types.

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SUMMER 2023

The point of a vacation is to spend time outside, rather than in your hotel room. You must have a swimsuit, a pair of wedges, a hat, and a tote.

Shivan: A lot of them have endorsed us and love wearing us. I remember when Kim was shooting for Vogue and saw one of our garments, she loved it and wanted to wear it that instant. For Akash Ambani’s wedding, we designed Beyonce’s outfit for her performance. We were approached by her stylist and that’s how that garment came to be.

What are the must-haves that could be fashionable yet comfortable for vacations.

Narresh: I think that you should be smart: there should be no need for you to keep going back to your hotel room too many times. The point of a vacation is to spend time outside, rather than in your hotel room. You must have a swimsuit, a pair of wedges, a hat, and a tote. These are the essentials. Shivan: These are definitely my top five too. For men, swim shorts or jersey trousers are a must.

Narresh: Our jersey trousers don’t crease but have the texture of herringbone trousers: formal and dressy! Perfect for everything from a flight to the beach - you feel like you're wearing a pyjama but they’re actually formallooking trousers.

How do you balance your friendship and work?

Narresh: It’s certainly a work in progress: sometimes it works and sometimes it doesn’t. This is true for all relationships and it holds true for us as well. We are completely different people but when we work together, it’s magical. We have worked together for the last twenty years and we look forward to our chemistry lasting another fifty. v

40 | FASHION |

North Goa

The Hidden Gems

The undisputed Goa expert of India Sotheby’s International Realty, Karan Singh, curates his favourite list of the lesser thronged North Goa villages, which continue to retain their pristine flavour.

With its blissful beaches, temperate climate and vibrant lifestyle, It’s not surprising this coastal state tops the list as a second home destination of choice. North Goa in particular, once the magnet for the rich and famous now appeals to all, be it Assagao, Siolim, Aguada or Parra. But what if your heart wishes for some quiet privacy and you’re on the look-out for the yet undiscovered villages? Here are what we consider as the hidden gems of North Goa.

Salvador do Mundo

Nudging the Torda Creek, Salvador do Mundo is an oasis of natural beauty. A captivating landscape with water on one side followed by paddy fields makes Salvador do Mundo stand out. With both hills and forests, it’s the perfect getaway from the stress of city life. Well connected to beaches and towns, it hits the sweet spot that city dwellers seek - not too loud, not too quiet. Salvador do Mundo has well-maintained heritage homes blending aesthetics

with contemporary amenities, providing the perfect mix of an urban experience and rural tranquility. A drive away from Calangute (11km), Anjuna (~16km), and Baga (14km), and from the state’s capital, Panjim (11km), Salvador do Mundo boasts good infrastructure, with quality roads adjoining major highways, and reliable social infrastructure. Salvador do Mundo has a significant advantage with its proximity to Goa’s only bird sanctuary, Dr Salim Ali Bird Sanctuary on the western tip of Chorao Island which acts as a natural green buffer zone.

Ucassaim

Ucassaim is a small, peaceful village located just outside Mapusa. It is 9 kms from Assagao and 16 kms from Panjim. Located next to Moira, a second home hotspot, this

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| DESTINATION | SUMMER 2023
| Property Id - BDK33J on SIR.com | Property Id - BDK33J on SIR.com

undiscovered, lush green village offers more bang for your buck. Ucassaim nestles between paddy fields and a small rivulet from the Mapusa river. Its beauty lies in its scenic surroundings perfectly placed between bottle green hills and seemingly endless fields. Small but spirited, the real estate market here shows steady growth, with many new developments underway. Properties available in Ucassaim include traditional Goan-style homes and modern villas. This village makes for a great investment offering high value in the long term. The land supply here is limited due to its immediate vicinity to fields, hills, and backwaters.

Ucassaim has rich history and architecture dating back 500 years to Goa’s Portuguese past, making it a paradise for people who thrive on history and culture. No wonder, artists, painters and architects all find their way to this creative paradise.

Camurlim

Camurlim in Bardez sub-district of North Goa is just 9 km from Morjim and 21 km to the new international airport at Mopa, making its accessibility a big plus point. It is a small village with a backdrop of hillocks, cashew forests, streams and mangroves. This hamlet offers a unique experience of the culture, nature, and adventure that is Goa. Abundant bird life including great hornbills, peafowl, and egrets, only adds to the serene atmosphere. Surrounded by Oxel (west), Colvale (east), and Siolim (south), Camurlim is an ideal spot for exploring North Goa or enjoying a slow life with fishing, relaxation and enjoying the natural beauty.

Corjeum and Carona

If you're looking for a break from the rush of Goa's tourist spots, the twin villages of Corjeum and Carona are what you need. Located on the back waters, they offer

a glimpse into an elusive and idyllic way of life. Corjeum is steeped in Goan culture, with narrow streets and old houses exuding charm. Corjeum fort, a major attraction, dates to the 16th century and offers a fascinating insight into Goa's colonial history. The village's serene atmosphere and rich cultural heritage make it ideal for a second home or vacation rental. Carona, on the other hand, is an idyllic village in North Goa. Known for its unspoiled and quiet way of life, Carona is just a 30-minute drive from Panjim.

42 | DESTINATION |
| St. Thomas' Church, Aldona, Goa

Real estate in both Corjeum and Carona is affordable, yet on the charge and these villages offer a more authentic side of the Goan experience, including its colonial past and stunning natural beauty.

Saligao and Sangolda

For those eyeing peace and quiet yet incredibly central Goa locations, Saligao and Sangolda are two villages that have come into the limelight. They offer significant underlying

For those eyeing peace and quiet in a central Goa location, Saligao and Sangolda are two villages that have come into the limelight.
43 SUMMER 2023
| Property Id - PVY82N on SIR.com
44 | TRAVEL |

value along with the authentic and traditional side of Goa. Saligao’s old-world charm with colonial-style homes and architecture gives the area a unique and historic feel. Its famous churches, traditional Goan cuisine, and proximity to popular beaches like Candolim make Saligao a winner. Sangolda is known for its natural beauty, heritage homes and the annual Sangolda Art Festival. This area is dotted with upmarket cafes and restaurants which attract the very upmarket local residents and artists alike. What’s more, the up and coming start-up Goa Brewing Co, has its base here, sourcing its raw material from the fields cultivated around.

Mandrem

Mandrem in North Goa is an ideal destination for those seeking the beach life. The village yet boasts of an unspoilt and beautiful beach, which many consider as the pearl of North Goa beaches. With countless restaurants in a fivekilometer radius, Mandrem is an excellent destination for foodies. If yoga, meditation, and spirituality are one thing you are interested in, several centres offer classes and workshops. The village is the perfect place for holistic experiences, including ayurvedic massages that rejuvenate the body and mind. This mix of natural beauty, wellness experiences and great food makes Mandrem a perfect second home destination. For the adventurous and spirited, surfing, kayaking, water sports are all easily accessible from Mandrem. Of course, for those who wish to do nothing, guilt-free beach bumming is a favourite past-time.

The Islands of North Goa

North Goa’s best kept secret are its several islands. Home to one of India’s best bird sanctuaries, they pull birdwatchers by the hundreds. They are also ideal for those seeking a break from a chaotic metropolitan life. These islands are close to Old Goa and Panjim and accessible by ferry, adding to the adventure of living there. These islands in fact, are a preferred choice for the wealthy Goans to make their home in. Perhaps a drawdown from history when the Portuguese aristocracy would opt for the island living. Undoubtedly, these islands offer a change of pace from the bustling beaches of North Goa and offer a glimpse into the natural beauty and cultural richness of the region. If one is looking to invest beyond the beaches, the Islands of North Goa are a great option to consider. Within the next few years, investing here can be a bonanza. v

SUMMER 2023 45

Where Art Meets History A Walk Through Mumbai’s Museums & Galleries

A haven for art connoisseurs, the Fort and Colaba areas in South Mumbai house some of the best art museums and galleries in the country. South Mumbai or Bombay as locals call it, is known as the Mumbai Art District. This is where art enthusiasts come to experience and absorb the city’s love for contemporary art woven with history.

The financial power that comes from its people and the rich history of the city has fuelled Mumbai’s art and architecture for decades. The City of Dreams Mumbai is where you ought to be if you want to immerse and lose yourself in this art movement.

We take you through some of its best-known galleries and museums that must be on your itinerary if you ever want to walk the art trail in the Maximum City.

A pioneer in exhibiting modern and contemporary art in India, the Chemould Prescott Road gallery is one of the oldest and most prestigious art galleries in Mumbai. Established in 1963 by Kekoo and Khorshed Gandhy, Chemould pioneered the careers of some of India’s most famous modernists, including S H Raza, Tyeb Mehta, Atul Dodiya, and Anuj Dodiya among others. But perhaps its most famous contributor was M F Husain. Its list of past artists is an inspiration to the art world's new generation of stars.

Over the last three and a half decades under Shireen Gandhy (Kekoo and Khorshed Gandhy’s daughter), Chemould has expanded its artist base to represent those who work with experimental media.

Housed in a vast loft-like space, Chemould showcases bigwigs like Shilpa Gupta, Atul Dodiya and Nalini Malani, on the one hand, and emerging artists like Dhruvi Acharya and Shezad Dawood, on the other.

Chemould also shares its art and artists with a larger worldwide audience through catalogues, artists' books, editions and monographs.

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Porsche Taycan | The Chemould Prescott Road Gallery. One of the oldest and most prestigious art galleries in Mumbai. | Chhatrapati Shivaji Maharaj Vastu Sangrahalaya. It was built in 1914 at the behest of Bombay’s elite at the time. Chemould Prescott Road gallery
| ART | 46

Chhatrapati Shivaji Maharaj vastu Sangrahalaya

Perhaps the foremost cultural institution in India, the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya or CSMVS was built in 1914 at the behest of Bombay’s elite at the time. They wanted to build a memorial to the visit of the Prince of Wales that would also represent India’s rich cultural heritage.

Architect Geroge Wittet designed the museum building after winning an open design competition. The Grade I Heritage Building has been designed in the Indo-Saracenic style of architecture that combines Hindu and Saracenic architectural forms in its pillared hall, the arched pavilion and its imposing dome.

As for the art inside these hallowed walls, you can peep into the vast collection of philanthropist Jehangir KS Nicholson’s Indian art collection in the Jehangir Nicholson Art Foundation wing, or reach farther back in time through the miniature wing for an exquisite glimpse of Mughal courts.

Jehangir Art gallery

Sir Cowasji Jehangir founded the Jehangir Art Gallery in 1952. Located in the Kala Ghoda locality of South Mumbai, it is one of the most prestigious modern art galleries in the city. Its four exhibition halls have played host to prominent Indian artists such as M F Hussain, Anjolie Ela Menon, A Ramachandran, S H Raza and K K Hebbar.

Apart from the exhibitions, the Jehangir Art Gallery is also an important venue for workshops, forums, and discussions on various aspects of art. That’s why it stands tall as a symbol for the promotion of contemporary Indian art.

Designed by architect Durga Bajpai, the mansion that houses Jehangir Art Gallery is one of the early concrete structures of the city. It has four halls - the Auditorium hall, the Exhibition Gallery, the Hirji Jehangir

| Chhatrapati Shivaji Maharaj Vastu Sangrahalaya.
SUMMER 2023 47

Gallery and the Terrace Art Gallery - that exhibit different mediums of art. The gallery is also the venue of the annual Kala Ghoda Arts Festival.

dr Bhau daji lad Museum

The oldest museum in Mumbai was established in the year 1855 by Lord Elphinstone. The museum boasts a Greco-Roman style of architecture. However, the simple and elegant exterior belies the exquisite interiors.

This impeccably restored Palladian structure is worth a peek in all its pastel and gold stucco, and stencil-worked glory that conjures up images of decadent colonial living. Some of the defining features of the building - the Corinthian capitals and columns - were imported from England. The coloured details, the intricately carved wood, the etched glass, and the gold gilding make it the foremost example of 19th-century architecture in India.

The Museum has an extensive education and outreach programme, which includes film, music, guided tours, children’s workshops and courses and lectures on the history of art.

Over the years, the museum has reached out to the contemporary art world, putting on avant-garde exhibitions by celebrated artists like Sudarshan Shetty and Sheba Chhachhi.

48 | ART |
| Jehangir Art Gallery Located in Kala Ghoda, it is one of the most prestigious modern art galleries in the city. | Dr Bhau Daji Lad Museum The oldest museum in Mumbai was established in the year 1855 by Lord Elphinstone.

JJ School of Art Pottery exhibit

The ceramic section of the JJ School of Art was established in 1895 by its then-superintendent, who installed a kiln for students to experiment with clay.

Early ceramics produced at the school were inspired by Greek and Roman patterns. Local touches came in the form of patterns, drawings and colours from Indian art, including that in the Ajanta caves. Then came the Sind Pottery with its characteristic metal glaze.

Some of the most popular designs produced here include indigenous fruits and flowers painted in white on turquoise pots, mythological scenes from the Ramayana and the Mahabharata, and unusual colours like dark green, gold and nude.

The department has followed the English ceramics tradition technically, while incorporating oriental designs and glazes. Today the department produces ceramic art work as well as ceramic utility ware.

National gallery of Modern Art

In its own words, the National Gallery of Modern Art (NGMA) helps people look at the works of modern art with greater joy, understanding and knowledge by experiencing them as vital expressions of the human spirit.

The Museum is housed in the auditorium once known as the Sir Cowasji Jehangir Public Hall. While previous generations might identify it with concerts, recitals and freedom rallies, for the current generation NGMA is home to some of the best contemporary art in the country.

The interior with its horseshoe-shaped balconies has a central stairway with semicircular galleries at different levels.

For its inauguration, the NGMA held an exhibition of the works of prominent sculptors like Debi Prasad Roy Chowdhury, Ramkinkar Baij, Sankho Chaudhuri, Dhanraj Bhagat and Sarbari Roy Chowdhury among others. Today, the gallery holds retrospectives on modern artists such as Pramod Ramteke, Bireswar Sen and Rini Dhumal.

Project 88

Founded in 2006, Project 88 is located inside a 4000 square feet former metal printing press in Colaba, Mumbai.

Known for exhibiting cutting-edge, international artwork across media, Project 88 today focuses on showcasing avantgarde work by bold, young artists such as the Raqs Media Collective or the internationally acclaimed Otolith Group. Its repertoire of artists have earned it the reputation of being the go-to to understand the future of contemporary art in South Asia. v

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| JJ School of Art The ceramic section of the JJ School of Art was established in 1895 | National Gallery of Modern Art The Museum is housed in the auditorium once known as the Sir Cowasji Jehangir Public Hall.
SUMMER 2023
| Project 88 Located inside a 4000 square feet former metal printing press in Colaba, Mumbai.

Phuket, Thailand

Time Well Spent Around Veyla Natai Residences

The latest modern designed beachfront development in the Phuket Island area is the exclusive Veyla Residences. Situated on the pristine Natai beach, a short journey north of Phuket’s International Airport, Veyla’s Sea Villas feature monochromatic interiors that are crafted into a modern yet minimalist design.

[ by list Sotheby’s International Realty Thailand ]

l Viewpoint and Sightseeing

Pilai Bridge

Just a few minutes away from Veyla Natai Residences lies the historic Pilai Wooden Bridge which is situated on Khao Pilai Beach. This tranquil and quiet viewpoint delivers breathtaking ocean views with sunset you will never forget.

Samet Nand She Viewpoint

If you want great views over the Phang Nga Bay, we strongly advise you to go to Samet Nangshe Viewpoint! Just a 30 minute ride from Veyla Natai, the most popular times to go are sunrise and sunset.

Khao Khai Nui

Overlooking the Andaman Sea with mist swirling around the limestone cliffs and mountain tops, the Khao Khai Nui viewpoint is unforgettable. Transportation up the mountain as well as on-site accommodation and camping facilities are all operated and run by the local Khai Nui community.

50 | TRAVEL |

l Beach and Island

Thai Mueang Beach

A calm and tranquil beach about 10 kilometers long, Thai Mueang beach is perfect for those days when you want to escape the crowd. With a small stretch of street food restaurants across the road, this is perfect for a beach getaway.

Phang Nga Bay

Phang Nga Bay is famous for its spectacular sceneries of limestone cliffs, small islands and dazzling green water. The highlight of phang Nga Bay is 'Koh Tapu' or 'James Bond Island', a small islet of which its shape resembles a nail that was featured in the 1974 film 'The Man with the Golden Gun'.

Koh Pan yee

Experience the thrill of climbing and rappelling safely on the limestone cliffs on Koh Pan Yee, witness the breathtaking views of the Phand Nga Bay and the local muslim fishing village. Koh Pan Yee is also referred to as the floating village by many.

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SUMMER 2023
| Koh Pan Yee is also referred to as the floating village by many.

l Sport and Leisure

Phuket yacht Haven

The Yacht Haven's location presents beauty and peace. Nestled in the tranquil waters of Cape Phrao, about 30 minutes north of Phuket town, Yacht Haven is sheltered from seasonal storms and rough seas all year round. The marina is just a short drive from the Phuket International Airport, making it easily accessible to boat owners who travel frequently. It is also close to world class golf courses and excellent hotels.

Ao Po Grand Marina

Ao Po Grand Marina is a 24-hour access marina with zero low or high tide restrictions. Accommodating superyachts over 100 meters, paired with 300 berths and on-site yacht shops and services. The Ao Po Grand Marina is also home to various restaurants, eateries and bars as well as a pool and fitness center.

Blue Canyon Country Club

Blue Canyon Country club has been rated as one of the most prestigious golf clubs in Asia, with two stunning, award-winning championship courses on its 700+ acres of succulent valley seamlessly winding its way through rubber plantations and tin mines.

l Restaurant and Cafe

Kru Klang Dong

With simple rustic exteriors, the restaurant is located in the modest town of Khok Kloi which is simply 10 kilometers northward of the bridges connecting Phuket to Phang Nga province. The menu contains a variety of dishes, including many local southern Thai specialties.

| INTERIORS | 52 TRAVEL |

Baan

Ar Jor

A romantic 85 year old historical museum is also home to a cafe and a restaurant which serves traditonal family recipes. This exotic homestay also takes you back to memories of Phuket in the 1930’s with authentic Michelin star food.

Made

in Blue Cafe and Bistro

For senior coffee lovers, Made In Blue Cafe Bistro specialises in a selection of different roasted coffee beans. With a cozy design and both indoor and outdoor seating areas, enjoy a cup of coffee and relax under their big tropical trees for a moment.

l Culture and Local Life

Sam

Chong Tai Village

This small village is solely built on wooden stilts and connecting footbridges that are almost floating above the water. The majority of the villagers are fishermen, using traditional fishing traps which has historically defined and enriched their community for generations.

Takuapa Old Town and Walking Street

Takuapa Old Town is rich in culture and full of the charm of past memories. Passing by the area, you can see the perennial Sino-Portuguese buildings and the daily lifestyles of the locals which are entirely different from those in big cities. On Sundays, the walking street market in Takuapa Old Town is opened.

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Turtle village shopping complex offers a wide range of shops, small cafes and clothing stores that cater to everything you need.
SUMMER 2023
| Turtle Village Shops and Cusine

Veyla Natai Residences,

The latest modern designed beachfront development in the Phuket Island area is the exclusive Veyla Residences. Situated on the pristine Natai Beach a short journey north of Phuket’s International Airport, Veyla’s Sea Villas feature monochromatic interiors that are crafted into a modern yet minimalist design. Each of the Sea Villas feature chic and spacious living areas with sea-facing terraces and community designed areas whilst maintaining the focus on the eminent beach just steps away from each home. Natural light permeates throughout by use of sliding glass doors that seamlessly merge the indoor and outdoor living spaces.

The untouched natural landscape of Natai Beach, a ten-kilometre stretch of subtle sand perfect for long beach strolls or activities such as snorkelling, kayaking and stand-up paddleboarding, among other local adventures. Local highlights include golf courses, beach clubs, local restaurants and deep natural beauty of the Phangna area national parks and recreational areas featuring picturesque trails, stunning waterfalls and other natural wonders close by.

Indians travelling to Phuket in the mid 2022 topped the list of all foreign travellers to the destination with just over 100,000 visitors, according to C9 Hotelworks reporting. Continued Indian travel guests has been a constant prior to the pandemic and seems to be resuming back right where they picked up. Veyla Natai Residences provides property for sales and rentals, with a full suite of services to accommodate small to medium groups with a private experience along the endearing coast of Natai Beach.

54 | TRAVEL |

Thailand

The Suwannakuha temple consists of a series of large connecting caves. The highlight is the 15-meter long golden reclining Buddha statue.

Suwannakuha Templasuwannakuha

Temple is an important historical site in Phang Nga. The temple consists of a series of large connecting caves. The highlight is the 15-meter long golden reclining Buddha statue. Apart from the statue, there are Thai Benjarong porcelains, antiquities and other smaller Buddha sculptures waiting to be discovered.

l Market and Shopping

Fish Market Nai Rai

One of the most memorable foodie destinations near Veyla Natai Residences is the Nai Rai Fish Market. Meet the local fishermen selling their daily catch and discover the traditional fishing traps and their historic customs. If you feel like going fishing, take the opportunity to join one of the various fishing tour services available there.

Turtle Village Shops and Cuisine

Turtle Village Shopping Complex offers a wide range of shops and vendors such as supermarkets, small cafes and clothing stores that cater to everything you need.

Kapong Morning Market

A well-known market among locals for its beauty on a foggy morning and for its arious local vendors' products. The market has a wide range of fresh products - fruit, vegetable, meat, and fish - and a section dedicated to clothing, souvenirs, toys, massage oils, to religious artifacts. As with most Thai markets, it's also a great place to sample local snacks at affordable prices. v

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| Veyla’s Sea Villas feature monochromatic interiors that are crafted into a modern yet minimalist design.

Polo, the sport of Kings, is synonymous with aristocracy, and rightly so. The game is played by connoisseurs who are truly passionate about the sport and appreciate the grace, speed, and spirit of sportsmanship that it is closely associated with.

This blue-blooded sport is a fond reminder of the eternal bond of love and companionship forged between humans and horses over the last 4000 years. Horses

were used for war, hunting and later sport. An animal of great strength, intelligence, and immense loyalty towards humans, they have been kept close by us as great friends and companion. They say a bond with a horse is like a kindred soul connection that travels across lifetimes. It is this great camaraderie and an unspoken communication between the rider and his or her horse, that makes the equestrian sport ever so special.

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| Indian Masters Polo Championship 2022
| SPORT |

The History of Polo

Mounted nomads in Central Asia played a version of polo that was part sport and part training for war, with as many as 100 men on a side. The game followed the nomads’ migration to Persia (modern Iran) sometime between 600 B.C. and 100 A.D. In Persia, polo became a national sport, played by the nobility and military men. The game was formalized and spread west to Constantinople, east to Tibet,

Time to Polo

Modern version of polo originated in the East Indian state of Manipur. The Silchar Polo Club was founded in 1859 by British military officers and tea planters, after Lieutenant Joe Sherer saw the locals playing the sport and said, “We must learn the game!”

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| Amit Goyal, Navin Jindal, Gen. Dalbir Singh Suhag
SUMMER 2023

China and Japan, and south to India over time. Patronized and played by the kings, it aplty earned the title of being “game of kings”. This highly skilled sport on horseback requires both horse riding and military skills.

Modern polo in India however originated in the East Indian state of Manipur. The Silchar Polo Club was founded in 1859 by British military officers and tea planters, after Lieutenant Joe Sherer saw the locals playing the sport and said, “We must learn the game!” The British are credited with spreading polo worldwide in the late 19th century and the early 20th century at the height of its empire. Today the sport is most popular in England, Argentina and the United States.

Rules of the game – polo is a team game, played by 4 players in each team on horseback. To score, a player needs to hit the ball with a mallet on either side of the

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| Mparesh Maity and Amit Goyal | High Commisioner of Bulgaria | Lt Gen. R Dewan and Mrs Isha Dewan
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| Shallu Jindal, Navin Jindal, Yashasvini Jindal
SUMMER 2023
| Theodosis Vassiliou - Head of CALA region, Sotheby's International Realty

The Indian Masters Polo Championship

India Sotheby's International Realty hosted The Indian Masters Polo Championship (14-goal) tournament final at the Jaipur Polo Grounds on Sunday, 13th November 2022. Indian Masters Polo Championship is considered as one of the best Polo championships in India. The tournament was a delight to watch for all the spectators. The championship started on November 7, 2022, total four teams and the final match was attended by approximately 500 guests with Lt. General Rajinder Dewan- AVSM,VSM, QMG, PRESIDENT APRC & Mrs. Isha Dewan as the chief guest and more than 200 vvips such as, General Dalbir Singh Suhag - PVSM, UYSM, AVSM, VSM, ADC, former Chief of Army Staff of the Indian Army, renowned artist Paresh Maity, Anupama Varma – Supermodel & Actor, Honorary consulate general of Moldova, Honorary consul general of Montenegro, High commissioners of Bulgaria, Ecuador, Chile and Estonia with their spouses also enjoyed the game with other invitees.

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| SPORT |

field into the goal post. Each team defends their goal posts and attack the other, as in hockey or football, but here the player is on horseback, which makes the degree of difficulty higher. Needless to say, this requires utmost coordination between man and horse. Hence it is a game of the mind. The horse must trust his rider implicitly. The game is divided into periods called ‘chukkas’ and after every chukka the horses are switched so they do not get over worked. The officiating referees are also on horseback to keep pace with the players.

Fun Facts About Polo

lThe name Polo is supposed to have originated from the Tibetan 'pholo' meaning 'ball' or 'ballgame'.

lHorse styling matters in this game. Manes and tails are traditionally cut short and/or plaited to minimize tangles.

lPolo ponies are not actually ponies, but rather a specific horse bred for polo, usually a cross between a quarter horse and a thoroughbred.

lIn accordance with tradition, polo players usually wear white trousers. This dates to when Indian nobility started to play the game in extremely hot weather and white clothing was cooler to wear.

lDivot-stomping at half-time is not just for show. It is an important crowd activity, as it genuinely restores the field for the players and horses.

lAlthough most of us are familiar with equine polo, few may be aware of the other less mainstream codes of polo that exist across the world. Other than Urban, Arena, Snow and Beach Polo, other variations of the sport that combine man and beast include Donkey, Camel, Yak & Elephant polo. Mechanical variations even include bicycle and Segway polo. v

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| Shallu Jindal | Anupama Varma, Saba Ali

Clubs of Kolkata Spaces of Well Being

Love them or hate them (for being a hangover of a colonial mindset), but you can’t really ignore them. Yes, we’re talking of the famous Calcutta Clubs where the well-heeled gentlemen and women along with their brood, congregate for sports, spirits, and celebrations.

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| CULTURE |

The wise say, if Kolkata residents enjoy a greater sense of well-being and contentment relative to other cities, some credit must go to the city’s club culture. These Clubs are unique in many ways, but mostly for their expansive spaces in a bustling city. Good food, great music, fun events for that perfect bonding with friends and family, and excellent sports facilities to take care of your physical wellbeing. These clubs even have libraries with real books (pun intended), which double up as an ideal place for quizzes and debates. What more can you ask for?

Contrary to perception, Kolkata Clubs are no longer

an “elite only” institution. The sheer number of clubs has made their membership far more democratic across income classes.

Here’s a peek at the history of some lesser-known clubs of Kolkata with interesting fun facts.

The Calcutta Cricket And Football Club (CCFC)

The antecedents of CCFC go as far back as 1792 looking at the media records of the Calcutta Cricket Club playing a match. This makes it one of the oldest cricket clubs in the world, right after the MCC at Lords, England. The Calcutta

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| CCFC: The antecedents of CCFC go as far back as 1792. This makes it one of the oldest cricket clubs in the world, right after the MCC at Lords, England.

| CCFC: There are many restaurants in the club; live bands entertain twice every week and the club hosts events across festivals.

| Fun fact: They also have polo on cycles and not horses, and CCFC hosts a national cycle polo tournament.

Cricket Club later merged with the Calcutta Football club to form the CCFC as we know it today. The word 'Football' here actually refers to rugby and not soccer, as one would have intuitively thought, knowing Bengal’s love for the real foot and ball game!

CCFC is unique in being a rare Indian club focused on field sports like cricket, rugby, soccer, and hockey. The cricket ground is approved for 1st class matches at the national level. Rugby is another popular sport played here with national level tournaments.

CCFC also has Women’s Rugby, in addition to Women’s Soccer making it one of the early sports inclusive club. Fun fact - they also have polo on cycles and not horses, and CCFC hosts a national cycle polo tournament.

In addition to the professional teams, many of these sports have different categories of teams – A, B and C making it possible for members in their 30s and 40s and even 50s to continue with their sports passion. A lovely 500-meter walking track is well-used by members for morning and evening walks with friends, before sitting down for an adda (informal chat session) at the many restaurants or open spaces in the club. Live bands entertain twice every

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CCFC is unique in being a rare Indian club focused on field sports like Cricket, Rugby, Soccer, and Hockey.

Bengal Rowing Club (BRC) was set up as a place for Indians to come together and discuss matters of national importance.

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| Bengal Rowing Club (BRC) :
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In 1929, a group of respected Marwaris of Calcutta led by GD Birla, KL Jatia and RP Poddar along with other Marwari families of repute, established the Bengal Rowing Club.

DI prides itself on being a family club. Usually, families walk in together. You have to leave your work behind. In fact, laptops are not allowed to be used in the club at all.

The Dalhousie Institute (DI) over 150 years old, boasts a heritage building clubhouse. DI derives its distinctive culture from an initial strong membership of Kolkata’s Anglo Indian community.

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| CULTURE |
Samir doshi Member of the committee at DI

week and the club hosts events across festivals. Between October and December, members look forward to Sindoor Khela at the Bijoya get together, and rocking parties at Christmas and New Year.

We spoke to Jeet Banerjee, one of the club committee members who also runs the Kolkata Literary Festival along with his wife Malavika. Jeet says, “Both my sons played football for the club. I am fifty and I play cricket for the C team. CCFC is one of the anchors for my family in Calcutta and our quality of life is so much better because of it.”

Bengal Rowing Club (BRC)

It is common knowledge that prior to 1947, several clubs did not allow Indians to be members or guests. So, in 1929, a group of respected Marwaris of Calcutta led by GD Birla, a close associate of Mahatma Gandhi and a founder of the Birla business empire, KL Jatia and RP Poddar along with other Marwari families of repute, established the Bengal Rowing Club (BRC).

BRC was set up as a place for Indians to come together and discuss matters of national importance. Urban legend has it that significant discussions related to the Quit India Movement also happened here! BRC was set up as a purely vegetarian club with no alcohol allowed, and it continues that tradition to this day. While people across India know Kolkata for its legendary chaat, BRC is recognized as one of the best places to have this soul-filling Indian street food.

BRC gets going early in the morning with breakfast starting at 5.30 am! It’s perfect for senior citizens, who after their customary morning walk around the Rabindra Sarobar Lake, congregate at the Club for breakfast. During the day, the club sees quite a bit of sports activity – rowing, swimming, squash and table tennis. BRC has amongst the best rowing facilities in India, and their team recently won the gold medal at the inter-club championship in Chennai.

Manish Rungta, a well-known business leader of Kolkata and a member of the club’s committee quips, “Many of us Marwaris grew up in BRC. I would go there to swim everyday after school and some of my best childhood friendships were formed here. It is like my second home.”

The club is evolving with time and BRC is now leading the way on environment consciousness. It is perhaps the

only club in the country with a LEED Platinum Green Building rating. BRC is also working actively to preserve the ecological balance of the Rabindra Sarovar Lake, with regular dredging, weeding/populating it with fish.

Dalhousie Institute (DI)

The Dalhousie Institute (DI), over 150 years old, boasts a heritage building clubhouse. DI derives its distinctive culture from an initial strong membership of Kolkata’s Anglo Indian community. Over time, the club prides itself as being a mini-India, with members of all faiths actively participating in different activities.

The big differentiator at the Dalhousie Institute is the music with live music thrice a week. One of India’s biggest jazz festivals is held here every November. DI is also well known for sports and has nurtured several sport stars of India from Leander Paes (Tennis), Gurbax Singh (Hockey), to Nafisa Ali (Swimming). Neil O’Brien and Derek O’Brien of the Bournvita Quiz fame are both from DI, and the club hosts 2 large quiz events every year. It goes without saying, this club also has an amazing library .

Samir Doshi, who has grown up in Kolkata and is a member of the committee at DI says, “DI prides itself on being a family club. Usually, families walk in together. You have to leave your work behind. In fact, laptops are not allowed to be used in the club at all”.

We say, cheers to that! For more distinctive stories on Calcutta Clubs (we haven’t even covered half of them) you simply must wait for our next issue. v

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| Neil O’Brien and Derek O’Brien of the Bournvita Quiz fame are both from DI, and the club hosts 2 large quiz events every year. This club also has an amazing library.
SUMMER 2023

Portugal The Perfect Summer Getaway

There’s a reason why Portugal has been voted as the 'Best Tourist Destination in Europe' for the fifth time in a row in the World Travel Awards 2022, also known as the Oscars of tourism. The welcoming nature and the spirited culture of the Portuguese is felt instantly, as you travel through its beautiful cities and coastline. Aside from its natural and artistic allure, Portugal also enjoys an excellent reputation for being one of the world’s most globalised and peaceful nations.

Centred at the confluence of routes coming from Europe, Africa, and the Americas, Portugal is a diverse, vibrant country: both geographically and culturally. Bordering Spain on the Iberian Peninsula, Portugal has it all: from idyllic sandy beaches and snow-capped mountains to golden plains and buzzing metropolitan cities. Despite facing the Atlantic Ocean, Portugal’s climate is like most Mediterranean countries, enjoying days that are reliably sunny. The weather is hot in the summers and temperate in the winters. With autumns that feel like spring, Portugal is a popular tourist destination for people in search of winter sunshine. Portugal’s

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capital, Lisbon, rated one of Europe’s coolest cities, hangs in the balance between old and new, grand and charming, historic and modern. This city of duality has luxury stores, 17th Century monuments, and house music. It is a city truly teeming with life, full of character and colour. Known for its food, architecture, and nightlife, Lisbon boasts the sophistication of a great metropolis. Its stunning coastal geography is sensational, perfect for water sports, sunbathing, seafood, and scenic walks. In fact, the beaches in Lisbon often host national and international windsurfing and kite-surfing competitions. The city has a unique ‘vinho verde’ culture and the best way to experience it is to order some clams with white wine, and savour it at sunset. The magic of Lisbon is bewitching to all who experience it.

Just 30 minutes from the capital lies the beach town of Cascais. Known for its stunning bays, unparalleled beaches, and upscale restaurants, Cascais offers so much more. It has something for everyone: from its charming Sintra landscapes to its traditional commerce. Home to an entrepreneurial fishing community, Cascais’ harbour buzzes every morning as dozens of boats take to the sea and return with full nets. The fresh catch is sold at its 70-year-old market. Visitors can return in the evening to a town centre bustling with restaurants and bars. One of its prime tourist landmarks is the Boca do Inferno, which is a great spot to marvel at

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| Lisbon, the capital, hangs in the balance between old and new, grand and charming, historic and modern. This city of duality has luxury stores, 17th Century monuments, and house music. | Just 30 minutes from the capital lies the beach town of Cascais. Known for its stunning bays, unparalleled beaches, and upscale restaurants.
SUMMER 2023

Cascais’ scenic sunsets.

Stretching across the meandering Douro river, the district of Porto is known globally for its port wine cellars, medieval monuments, and cobblestone lanes. The delightful maze-like neighbourhoods, UNESCO World Heritage Sites, and incredible culinary adventures will leave you in awe of Porto. Art aficionados will find heaven in Porto’s avant-garde architecture and parks strewn with sculptures. Also perfect for taking in the seaside atmosphere, this district is a place to discover small treasures and pockets of authentic Portuguese life.

Algarve has some indefinable quality about it which keeps you there forever. Its heavenly beaches, well-kept golf courses, and inspiring views make it worthy of mention. Algarve has the ability to wow its visitors and residents, whether it

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| Madeira hosts a carnival and people visit from all over the globe to see traditional Samba troupes fill the streets of Funchal with dance and music. | Stretching across the meandering Douro river, the district of Porto is known globally for its port wine cellars, medieval monuments, and cobblestone lanes.

be through its picturesque fishing villages or in its sophisticated resorts. This spot adds one more feather to its cap in the form of its open-air nightclubs and bars. Home to the Ria Formosa Natural Park, Algarve is a network of reefs, islands, and lagoons. This has created a diverse ecosystem for flora and fauna, including flamingos, foxes, and turtles. Algarve is dedicated to leisure and the art of living well and its eternal glamour is sure to strike you.

Madeira’s gently lapping turquoise sea is what makes it such an exciting region in Portugal. This island is known as the ‘Pearl of the Atlantic,’ and it unequivocally lives up to its name. Surrounded by dolphins and whales, Madeira is unforgettable. This island experiences an eternal spring, with flowers blooming everywhere. Its capital city, Funchal, is Madeira’s historic heart. Full of bars, restaurants, and shops,

there is never a dull moment in this city. From here, a cable car will take you to one of the world’s most impressive botanical gardens: Monte Palace Gardens. Madeira also hosts a carnival and people visit from all over the globe to see traditional Samba troupes fill the streets of Funchal with dance and music. Madeira is also a paradise for hikers interested in exploring different landscapes. All in all, Madeira is an enthralling visit for people of all tastes. For Portugal, a rich centuries-long history, warm and hospitable people, and delicious food are just the opening credits of a chartbuster movie.

The welcoming nature and the spirited culture of the Portuguese is felt instantly, attracting tourists and immigrants alike. Aside from its natural and artistic allure, Portugal also enjoys an excellent reputation for being one of the world’s most globalised and peaceful nations. v

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Property ID: 107150431 on Portugal SIR Property ID: 106200163 on Portugal SIR Property ID: 106200163 on Portugal SIR

Evolving Nature of Land Transactions in India

Land is one of the most precious and prized assets in any country. The size, scale and usage of a land parcel can change in fortunes and there are stories galore with the value of rising manifold with time, or with ‘Change of Land Use’. In this note, Gagan Randev captures his years of experience in land, its usage and potential in India.

Not too far back in time, various state governments would restrict the limit to which one entity could own land by implementing land ceiling restrictions. While the intentions were noble to ensure poor farmers don’t succumb to land grabbing, landowners and developers found a way around by having multiple companies which owned land to not fall foul under the Land Ceiling Act. Real estate developers then proudly touted their land holdings as their biggest asset. They believed that land prices would only move upwards, and this was generally the case till the early 2010’s. The scenario changed post that.

Land, once converted from agricultural and after CLU or Change of Land Use, can be used for development as per the Master Plan on that sector, city or state. The uses can be from Residential, Commercial, IT, Industrial or warehousing. The pricing of the land at conversion is determined by the usage, the location and the FAR/FSI (Floor Area Ratio or Floor space Index) available. Of course, when land gets

converted and licensed for one of these the Government levies dues like External Development/Internal Development Charges (EDC/IDC). Net-net, the State Government plays a very large role in determining how much development is possible and for what purposes. The overall bifurcation of activities are outlined as per the Master Plans which are prescribed every decade or so.

The evolution of land transactions started in the good old days with a simple sale and purchase transactions. The seller would sell the land, either licensed or otherwise, and the buyer would pay the transaction amount and take over the land. There would be transactions where developers and landowners would accumulate large land parcels (to be used in the future) or purchases were made by parties to immediately launch projects on them. Some developers accumulated land, where they believed they were getting a good price and would then encash these through projects to be launched over the next decade or so. These were also in the good old days where land was appreciating every year.

This changed in around 2010 when players like Tata Housing , Godrej Housing, Sobha, Prestige, Lodha, entered the development fray. They revolutionized the market and the traditional model of land purchase and project launch. What started next was the “asset light model” where these developers would get into a Joint Development Agreement (JDA) or a Joint Venture (JV) with the landowner to allow them to launch many more projects and expand rapidly. The model which evolved was to give the landowner a deposit and thereafter, depending on whether it was a JDA or JV, a share of the revenues or the profits. Initially both JV’s and JDA’s were signed by landowners (JV’s because the share of bottom line for the landowner was higher than in a JDA where the percentage share was more skewed towards the developer). With time and as the market clearly gravi-

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| Developers don’t believe in holding land for 10-15 years anymore as they do not want to lock in funds in land.

tated towards national developers, the concept of DM or Development Management was brought in by developers. As DM managers, developers leveraged on their reputation to design, develop and manage the project and their ability to sell. This became a pure asset light model which zero capital infusion. Development Management fees are typically linked to topline sales of the project along with some ancillary fees. These could accrue to 10 to 15% of the revenues. All costs were borne landowner.

With the effective implementation of RERA in 2016 and the actual performance of joint ventures changed the game slightly. Many of the JV partners ended up in between the partners, as costs overran in most cases and the actual profits to be shared were far lower than projected. RERA also came down on DM agreements and opined that DM Managers were to be held equally accountable for lapses under RERA. These made developers more careful in signing fresh DM agreements even though it was so lucrative. One key reason was the builders dependence on funds being infused by landowners and sometimes landowners just ran out of cash or were unable to raise significant amounts which led to project delays or stalling. The onus then fell on the DM Manager to salvage their reputation by getting

in financial closure.

As things stand today, most reputed developers are looking at JDA models or at buying land outright. There’s also now a preferred trend of plotted developments and low-rise projects that are launched, sold and delivered quickly, making returns on investment very lucrative. A group housing or high-rise project can take 5 years to deliver with lower returns on investment. Well-funded developers continue to buy some land parcels selectively to launch marquee projects where returns can be very high.

DM agreements have become very selective and uncommon, and are only workable where either the landowners have very strong financial capability or where the DM manager takes on the responsibility of financial closure of the project. Developers also don’t believe in holding land for the next 10-15 years anymore as they do not want to lock in funds in land. They see more financial logic in having that much land which can be launched as projects in the next 3-5 years. The market evolves every couple of years but at the core of every evolution, the basics remain unchanged – you need to deliver otherwise clients are unforgiving and reputations can take a beating; risks need to be controllable, and projects need to make financial sense. v

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Most reputed Developers are looking at JDA models or at buying land outright.

GALLERY

INdIA Residential

BuNgAloW IN golF lINkS, NeW delHI

delhi

This charming bungalow is nestled in the peaceful and tranquil area of Golf Links - one of New Delhi’s most prestigious neighbourhoods. Facing a lush green park, this home is built on a plot size of 615 sqm (740 sq. yds.) and has a built-up area of 585 sqm (6,300 sq. ft.).

ATul goyAl

atul.goyal@sothebysrealty.in

Price upon Request

Property ID: : LH77TV on SIR.com

BuNgAloW IN MAHARANI BAgH, NeW delHI

delhi

This extraordinary bungalow is situated in Maharani Bagh, one of the most upscale localities in South Delhi.

Spread across four floors on a spacious, rectangular plot size of 960 sqm (1,150 sq. yds.), this independent home with vastu compliant facing is built in a unique fluid design. A well-manicured lawn at the entrance leads you to a triple height grand entrance with abundant natural light streaming in..

ATul goyAl

atul.goyal@sothebysrealty.in

Rs. 52 crore

Property ID: ZQDH4R on SIR.com

76 | TREASURE |

APARTMeNT oN golF CouRSe RoAd, guRugRAM

Haryana

Spread across 680 sqm, this apartment is an exquisite combination of spacious living spaces, premium quality marble with wooden flooring and abundant natural light. There is a large living and dining room with cove lighting and a powder room. Floor to ceiling glass windows open into a sublime balcony with gorgeous views of the community swimming pool & club and the lush green forest which forms a green belt in the distance.

SuPReeT SINgH supreet.singh@sothebysrealty.in

RAkeSH AgARWAl rakesh.agarwal@sothebysrealty.in

Rs. 45 crore

Property ID: F28DL8 on SIR.com

BuNgAloW IN dlF PHASe 1, guRugRAM

Haryana

This north-east facing colonial home is located in the prime DLF Phase-1 locality. Custom-built with immense attention to detail, this home for sale in Gurugram exudes sophistication and grace, showcasing the best of American traditional architecture and has a built-up area of 520 sqm (5600 sq. ft.) and a plot size of 500 sqm (600 sq. yds.).

SuPReeT SINgH supreet.singh@sothebysrealty.in

RAkeSH AgARWAl rakesh.agarwal@sothebysrealty.in

Rs. 20 crore

Property ID: HNWV2V on SIR.com

FlooRS IN MAlCHA MARg, NeW delHI

delhi

Situated in one of the most affluent localities of New Delhi, these floors in Malcha Marg are tastefully designed on an east facing rectangular plot.

These floors comprise generously sized living & dining areas overlooking a beautiful park. Three spacious bedrooms with en-suite bathrooms come with balconies. The building has a well-maintained exterior with plenty of sunshine streaming in through large windows. .

AkASH PuRI akash.puri@sothebysrealty.in

Rs. 17.5 crore to Rs. 20 crore

Property ID's: 4WRB2P, G3ZZYQ, X97PL9, & 2796PJ on SIR.com

* Image is an artistic impression and purely for representational purposes.

APARTMeNT WITH TeRRACe IN kINgS CouRT, NeW delHI

delhi

This apartment with a terrace in Greater Kailash has three bedrooms with en-suite baths, a spacious living room, an open-plan dining area, and a fully fitted kitchen. This beautiful apartment has an exclusive terrace overlooking lush green views and is perfect for hosting small gatherings.

AkASH PuRI akash.puri@sothebysrealty.in

Rs. 13.5 crore

Property ID: SPEC75 on SIR.com

* Image is an artistic impression and purely for representational purposes.

77 SUMMER 2023

eSTATe IN MuSSooRIe

uttarakhand

This exclusive 34,260 sqm (8 acres approx.) plot is located in Happy Valley, Mussoorie. The home has a built-up area of 460 sqm (approx.), and enchants residents with beautiful views of the snow-capped mountains in winter and the lush greenery in summer.

kARISHMA JulkA

karishma.julka@sothebysrealty.in

ATul goyAl atul.goyal@sothebysrealty.in

Rs. 33.6 crore

Property ID: TLVY2W on SIR.com

vIllAS IN ASSAgAo, goA goa

Just a short scenic drive from North Goa’s best beaches and sheltered from the winds in the quiet village of Assagao, 3 stunning villas are coming up for sale. These villas are inspired by, built around, and named after the prominent natural landmarks – The Forest, The well, and The Tree.

kARAN SINgH

karan.singh@sothebysrealty.in

SHIlPA kHANNA

shilpa.khanna@sothebysrealty.in

Rs. 9.25 crore to Rs. 10.75 crore

Property ID's: 34NTGY, BXKGK6 & MF7L78 on SIR.com

* Image is an artistic impression and purely for representational purposes.

vIllA IN SAlIgAo, goA goa

This bungalow is centrally located in the heritage village of Saligao, a charming village dotted with homes of vintage charm. True to its name, this picturesque residential village translates to a “wooded village” surrounded by hills and lush green fields. Abutting a wide-access road, a pleasant drive leads up to this brand-new property, which has a plot size of 500 sqm and a built-up area of 395 sqm.

kARAN SINgH

karan.singh@sothebysrealty.in

Rs. 8.75 crore

Property ID: PVY82N on SIR.com

vIllA IN PAWNA Maharashtra

Located on over 12,140 sqm (3 acres) of lush greenery and landscaped gardens, the overall feeling of this residential estate is one of serenity, old-world charm and luxury. Solid century-old timber and stone has been used to create this exquisite property on Pawna Lake.

PRIyANkA BASu

priyanka.basu@sothebysrealty.in

Rs. 45 crore

Property ID: : CWELQF on SIR.com

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APARTMeNT oN CARTeR RoAd, MuMBAI

Maharashtra

This apartment with a carpet area of 280 sqm is located on Carter Road, one of the most happening and popular hangout places in Mumbai. This home is perfectly positioned with beautiful views and is away from all the hustle & bustle.

PRIyANkA BASu

priyanka.basu@sothebysrealty.in

Rs. 31.5 crore

Property ID: FMGDJX on SIR.com

lANd IN koRAMANgAlA, BeNgAluRu

karnataka

This extremely prime land for sale in Koramangala is in one of the poshest addresses of Bengaluru. Koramangala is home to the city’s most renowned industrialists, entrepreneurs, lawyers, doctors and other professionals.

Nestled in a peaceful locality surrounded by lush green views, this land for sale is a northeast facing, vaastu - friendly plot in Bengaluru, around 1,190 sqm (12,850 sq. ft.) in size.

AkSHITA JAIN

akshita.jain@sothebysrealty.in

Rs. 65 crore

Property ID: 93KQEW on SIR.com

* Image is an artistic impression and purely for representational purposes.

BuNgAloW oN AlIPoRe RoAd, kolkATA

West Bengal

This luxurious townhouse is located in one of the most upscale neighbourhoods of Alipore. Constructed on a plot of 615 sqm and spread across 4 levels with a built-up area of 1,315 sqm, this bungalow offers luxurious family living.

SuMIT MullICk

summit.mullick@sothebysrealty.in

Rs. 35 crore

Property ID: WZQXHS on SIR.com

duPlex IN CelICA ReSIdeNCy, doveR RoAd, kolkATA

West Bengal

This sprawling duplex on the 11th and 12th floor offers 360 degree stunning views of the city and is flanked by abundant greenery, in the heart of Ballygunge. This duplex comes with four car parking spaces and two staff quarters. Its unique design ensures abundant light and air in every corner of the apartment. Easy access to the roof garden is an added bonus.

SuBeSH RAy

subesh.ray@sothebysrealty.in

Rs. 8.5 crore

Property ID: P66WH6 on SIR.com

SUMMER 2023 79

GALLERY INdIA Commercial

gRAde A WAReHouSe IN dAdRI, gAuTAM BuddHA NAgAR

uttar Pradesh

A prime Grade – A warehouse located in micro-market of Delhi NCR (Dadri-Gautam Buddha Nagar) with prominent tenants ensuring good entry yield. The subject property has multi-national tenants. The property is spread over approx.. 82,000+ Sq.m. and has a leasable area of 50,000+ Sq.m.

ANkIT dAMANI

ankit.damani@sothebysrealty.in

Price: To be decided

PRIMe

lANd PARCel FoR IT PARk/dATA CeNTRe IN TeCH

ZoNe, gReATeR NoIdA

uttar Pradesh

An acquisition of prime land located in one of the upcoming micro markets of Greater Noida ideally suited for a large IT Park/Data Centre. The subject site has a easy accessibility through Taj-Yamuna Expressway surrounded with prominent IT Parks such as Coforge SEZ, Stellar IT Park and WTC. The property is spread over approx. 2,00,000+ Sq.m

PARv BATRA

parv.batra@sothebysrealty.in

Price: To be decided

gRAde

A CoMMeRCIAl oFFICe SPACe IN yeSHWANTHPuR, BeNgAluRu

karnataka

Brief: Forward purchase of Grade A commercial office space located in one of the prime micro markets of Bengaluru ideally suited for large IT/ITeS & BFSI organisations. The office space will have a built-up area of approximately 120,000 sq ft.

NITIkA JAIN

nitika.jain@sothebysrealty.in

Price: To be decided

*Image is an artistic impression and purely for representational purposes.

logISTICS & INduSTRIAl PARk IN RAyAkoTTA RoAd

Tamil Nadu

Forward purchase of Logistics & Industrial Park spread across ~48 acres of land parcel located on Rayakotta Road, Tamil Nadu. The project will have a total warehouse area of approximately 107,000 sq meters.

NITIkA JAIN

nitika.jain@sothebysrealty.in

Price: To be decided

*Image is an artistic impression and purely for representational purposes.

80 | TREASURE |

GALLERY

MedITeRRANeAN TReASuRe greece

Mediterranean Treasure basks in its glory as the warm Grecian sun rises over the sparkling Aegean sea. This property is a true masterpiece, surrounded by lush Mediterranean flora and nestled between the forest and the beach. Its private access to crystalclear waters and a secluded beach make it a paradise for sea lovers and explorers.

With privacy and seclusion in abundance, the estate offers a peaceful sanctuary where one can escape the ordinary and embrace the beauty of the natural world.

Composed of eight distinct buildings, each boasting magnificent sea views and direct access to the beach, this property is perfect for large families seeking communal and private spaces to share.

Price: £ 18,000,000

PAlM JuMeIRAH - SIgNATuRe vIllAS dubai

This 6-bedroom custom upgraded palm mansion with a stunning sunset view and opulent contemporary architecture in the most coveted locations in Dubai, Palm Jumeirah.

This mansion is in a league of its own due to the popular layout and a unique location in the heart of the Palm fronds. The sprawling 15,000 square feet area is elegantly segregated to give ample living space for all sections of the home. Formal living is accessed through a magnificent double-height ceiling foyer, leading into the dining and family rooms on the ground floor while the bedrooms, all en-suite, are located across both the floors. All the bedrooms are surrounded by beautiful views of the ocean and mainland Dubai..

Price: Aed 92,000,000

ReTReAT oN THe TuSCAN HIllS - CINIgIANo, vIA gRoSSeTo Italy

This fascinating property, completely renovated surrounded by nature, is located in one of the most exclusive areas of Tuscany. The careful and authentic restoration of this rural house, is the essential striking feature, the Tuscan terracotta floors and stone walls make this setting intimate and charming at the same time. Endowed with a breathtaking view, the gaze sweeps across the hills to the sea and on clear days you can enjoy the view of the island of Montecristo.

Price upon Request

81
INTeRNATIoNAl SUMMER 2023

BeAuTIFully ReNovATed CHAleT, RougeMoNT Switzerland

The village of Rougemont seduces first of all by the beauty of its architectural heritage and also benefits from a tranquility and a calmness very much appreciated by its inhabitants. Composed of cottages testifying to the popular art of the region, the property presented here has its place among them. Moreover, this village is classified within the association of the most beautiful villages of Switzerland.

Price upon Request

4901 kAPAkA ST PRINCevIlle, HAWAII united States

Maybe once, every 20 years or so, a home such as this becomes available. Photos do not capture the feeling you have when you are sitting outside on the lanai gazing at the breathtaking mountains in your front yard. The clouds are constantly moving changing the surreal vistas. It looks like a movie backdrop. At just over 1.5 very private acres, all totally flat and useable, the estate has the perfect pool for your enjoyment. The approximately 1 acre enclosed backyard has a vast lawn with a variety of fruit trees, perfect for your outdoor celebrations. The outdoor lanai in the front and the back of the home allows for a great variety of vistas and relaxation. The design of the house has complete living including the primary suite on the ground floor with 2 guest areas upstairs. There are well maintained beautiful hardwood floors throughout. The vaulted ceilings make a dramatic statement of open space.

Price: uS$ 3,900,000

veRSACe STyle gRANd MANSIoN , NeW yoRk united States

Opulently curated by previous owner, fashion legend, Gianni Versace, and meticulously restored by the current owners, this residential Italian Baroque masterpiece offers an opportunity to live like fashion royalty and own a piece of real estate and fashion history.

Grandly designed, 17 luxurious rooms meld together in opulence and couture design. This stately, spacious 35 foot wide Limestone Mansion sited on a 35- by 100-foot lot has approximately 14,175 interior square feet on 6 floors with 3,025 exterior sq. ft. of magical trellised Garden overlooked by a rear Balcony which runs the full width of the house. A Rooftop Terrace with Gazebo overlooks Fifth and Madison.

Price: uS$ 60,000,000

82 | TREASURE |

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