SPR 360˚ | AUGUST 2019 | Edition - 013

MONTHLY NEWSLETTER FOR SPR HIGHLIVING INNER CIRCLE

ED ITIO N - 013 | A UGUS T 2019

www.sprhighliving.com

BUYING A SHOP IN MARKET OF INDIA IS THE BEST DECISION FIND OUT WHY

INSIDE THIS ISSUE: Construction progress across multiple SPR projects Good 2 great initiative organized for SPR staff SPR marks a strong presence in Logmat (logistics) Expo Market of India reaches out to traders in Ahmedabad

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INDEX 03

From the MD’s Desk

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12 Reasons why buying a shop in market of india is the best decision you could make

PROJECT PROGRESS REPORT 06

Tower A

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Tower B

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Tower H

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The Shri Ram Universal School

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Origine: Bungalow development

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Market of India

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MOI mockup and non-tower area

HIGHLIVING UPDATES 13

SPR Group showcases ‘Market of India’ to 300+ traders in Ahmedabad in association with GGMA

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The essential checklist: What you need to check before investing in a home

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T A break from the monotony: Team SPR on a fun “GOOD 2 GREAT” outing

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SPR identifies stand-out achievers in Employee Rewards & Recognition program

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Market of India participates in LOGMAT 2019 – logistics, warehousing and transportation expo

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SPR’s Quiz Corner

Disclaimer: This newsletter is exclusively intended for private circulation only. Sales or multiplication in any way is not allowed without prior written permission. The information and photography presented in the newsletter are subject to modifications. SPR Highliving reserves the right to change it without any preliminary notification. No liability will be accepted for errors or misprints.

Published by SPR Highliving, Chennai. Compiled, edited and designed by SPR Marketing Team. All correspondence to be sent to marketing@sprindia.com

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FROM THE MD’S DESK Continuing on a positive streak, the last few months

SPR City, the progress continues on a steady pace.

have been quite eventful for SPR. Besides recording

Tower A and B have long reached their floor height

a good number of sales across our properties, we’ve

and finishes are in progress. Market of India, which

also expanded by adding more numbers to our

is a spanned out horizontal development of 15 acres,

workforce and are making considerable progress

is also taking shape fast. We’re also coming up with

on the construction front. The overall outlook for the

a state-of-the-art experience centre for Market

sector seems positive as well as a recent CREDAI-

of India, which is a first-of-its-kind in the industry

CBRE report stated that India’s real estate is on a

designed to allow shop owners to visualize the

growth trajectory, highlighting that by 2030, the

scale of the market. It is also expected to be up and

sector would expand considerably with a thrust on

running soon. We’re also set for the soft launch of

retail spaces and offices. As the Indian economy and

the Shri Ram Universal School which will be opening

its workforce expands, so will the development and

its doors in the academic year 2020-21. The school

investment opportunities in the sector. The same is

construction is nearing completion, and admissions

true across our portfolio of properties, with several

have already been opened, with special priority

buyers expressing interest in our commercial

being offered to the SPR customers’ children.

property - shops in Market of India and office spaces.

We’re also focused on maximizing our visibility by

Thank you for being a part of our journey and being

participating in various trade shows and expos in the

associated with us at our every step. The dynamic

last few months.

so far has been great, and I hope that it remains the same, if not better, in the times to come.

When it comes to the construction work, I am pleased to inform you that our project in Vepery, Osian One

Hope you enjoy reading this edition of SPR 360°

is in its final stages of completion. Furthermore, at Warm Regards,

Hitesh Kawad Managing Director, SPR Group E DIT IO N - 0 13 | A U GU S T 2 0 1 9

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COVER STORY

12 REASONS WHY BUYING A SHOP IN MARKET OF INDIA IS THE BEST DECISION YOU COULD MAKE Traders from across the world used to brave stormy seas and treacherous waters, all to get to the land of spices, and share India’s riches with the world. Centuries down the line, India’s trading roots are still strong, yet largely chaotic. While traditional markets have for long remained unorganized, rapid urbanization and development have made it oversaturated, limiting the scope for further growth and enhancement. If you’ve visited Sowcarpet and attempted to shop there or in fact, are running a business there, you’ll understand what we’re trying to tell you. In a country like China, where the economy relies heavily on trade and manufacture, the thrust given on organized wholesale and retail markets is a sign that it’s time to realign our trading and business models, in order to put India onto the global map once again as a leading trade hub.

While traders have happily fit into the unorganized, disarrayed and chaotic trading routine, it’s high time we disrupt the status quo to facilitate change for the better. Market of India does exactly that! Hailed as India’s largest wholesale market, Market of India introduces the country to organized trade on a massive scale. The first-of-its-kind wholesale centre will bring all trade under one roof and is expected to revolutionize the trading landscape of the country. With 5000+ shops and offices and world-class facilities, the organized marketspace provides an international platform for traders to take their business to the next level.

If you’re wondering why you need to book a shop in Market of India, we’ll give you not one, but 12 reasons. Let’s take a look:

1) LOCATION Any trader or businessmen would vouch that location matters more than anything else. A shop in T Nagar is likely to fetch you 10 times more revenue than one in a remote region. Market of India comes primed with the perfect location to fulfil your needs. Located on the famous Binny Mills land, within SPR City, Chennai’s largest integrated township, the market lies just a few kms from trade hubs in Sowcarpet, Purasalwalkam and Choolai.

2) CONNECTIVITY Just a minute away from proposed metros, well-connected via rail and road and in proximity to the harbor, Market of India offers excellent connectivity.

This allows for easy customer movement in and out of the market, and eases transportation requirements for goods.

3) ORGANIZED MARKETSPACE While we’ve already said this before, this deserves a second mention solely because of how vital it is in transforming the country’s trading scene.

Organized models have already spelt success in China, and Market of India’s inspiration stems from that. The market is neatly segmented into distinct zones and classified as per the type of products sold. Everything is spaced out and planned, which makes progressive development possible.

4) WAREHOUSING FACILITY Maneuvering through overcrowded streets and loading/unloading goods can take up most of a trader’s precious time and resources. But not anymore. At Market of India, there’s dedicated storage space below the shops which makes warehousing a hassle-free process. With fork lifts and freight elevators provided and also, four-way roads, transporting goods in and out of the market is quite easy. There’s also ample space to park goods vehicles and dedicated areas to load/unload goods.

5) WORLD-CLASS INFRASTRUCTURE The state-of-the-art market comes equipped with the necessary infrastructure to make doing business a smooth and hassle-free experience.

Passenger lifts, CCTV, ATMs, elevators, fire safety systems, energy efficient systems; you name it, Market of India provides it.

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6) AMPLE PARKING SPACE One of the biggest constraints with traditional markets is that, owing to their unorganized nature, they allow no room to accommodate growing business requirements. A trip to any of the trade hubs in Chennai will show how there’s no room for people movement, let alone vehicle movement.

At Market of India, there’s ample parking space for cars, two wheelers and LCVs.

7) LARGE SHOWCASE AREAS Visibility is key to determining how your business fares and at Market of India, you get the chance to explore your business’ full potential. The market has one grand central plaza spanning 1,00,000 sq. ft. and 7 other atriums, that not only facilitate customer movement but also double up as brand showcase and exhibition area which you can leverage to your benefit.

8) FAMILIAR NAMING SYSTEM Customers walking into the market will not find themselves lost thanks to the naming system. The distinct zones/floors are named after the famous markets in Chennai, such as Mint Market, NSC Bose Market, Ritchie Market etc, and will house the respective products which these markets are known for.

9) 40 LAKH EXPECTED FOOTFALL Projected estimates indicate that Market of India has the potential to draw a monthly average footfall of 40 lakh visitors. This means your business gets the opportunity to cater to a wider and more diverse customer base.

10) GROWTH BEYOND CHENNAI Expected to grow into India’s leading trade destination, Market of India will allow you to look beyond Chennai, and do business with traders from across the country and South Asia. While you get the opportunity to expand your business on a global scale, India’s trading scene will also witness a boom.

11) OFFICES TO SUPPORT OPERATIONS You may have a string of operations running parallel which require a proper office space to execute. At Market of India, there are dedicated office spaces that can allow you to run your business backend in a streamlined manner.

12) LIMITLESS BUSINESS OPPORTUNITY At Market of India, the scope for business is limitless, to say the least. Apart from the walk-in visitors, you also get the chance to be preferred vendor for 5000+ co-vendors. In addition, township residents are right next to you and there’s also a retail mall coming up. When it comes to marketing, what you spend will be very limited, because the collective marketing for Market of India will directly benefit you.

It’s a revolution in the making. The future of wholesale and retail. A space that would put India on the map as a leader in trade. Need we say more?

Be a part of it by booking a shop in Market of India today.

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PROJECT PROGRESS REPORT

TOWER A

Post completion of 36 floors in Tower-A, construction work is currently in the above terrace crown area. Main door frame fixing has been completed until the 25th floor. MEP 1st fix upto 36th floor completed. Fire safety measures have been implemented until 31st floor. Flat, lobby finishing works, external painting, window, internal flat flooring and main door frame fixes have also been initiated. External painting texture completed except for the terrace crown and podium area.

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PROJECT PROGRESS REPORT

TOWER B

TERRACE

Work has been completed until the 36th floor, and currently the above terrace work is in progress. Waterproofing work has been completed up to the 23rd floor. Fire safety work until 9th floor and main door frame fixing up to 18th floor have been completed. Internal flats flooring and door frame work is in progress.

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PROJECT PROGRESS REPORT

TOWER H

Construction work across the Tower-H site is being carried out in full swing. At present, work in the 34th floor is in progress.

Waterproofing work up to 10th floor and MEP 1st fix up to 6th floor have been completed.

THIRTY FOURTH FLOOR

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PROJECT PROGRESS REPORT

THE SHRI RAM UNIVERSAL SCHOOL Construction work being carried out at the school site is proceeding at a rapid pace. Terrace floor work is in progress across Block A. Above terrace floor work and external plastering is in progress in Block B, C, D, E and F. Block work has been completed in B, C, D, E and F and work is in progress in Block A 1st floor. Internal painting is ongoing in 1st and 2nd floor. MEP 1st fix and waterproofing works are also ongoing in full swing.

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PROJECT PROGRESS REPORT

ORIGINE BUNGALOW DEVELOPMENT:

Across the Origine - bungalow site, construction work is proceeding at a quick rate. Currently, in Zone 1 and 2, block work is in progress in 1st, 2nd and 3rd floor. In Zone 2, LMR slab work is in progress.

In Zone 3, 2nd floor work is in progress. In Zone 4 and 5, podium work has been partially completed. Model villa work is also taking place at a rapid pace with plastering and cladding work currently in progress.

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PROJECT PROGRESS REPORT

MARKET OF INDIA

Work is in progress in full swing at the Market of India site. Raft work in basement 2 floor is being carried out in Zone A, E and Central Plaza.

Excavation work has been completed in Zone E and Central Plaza.

Basement 1 slab, lower ground cellar and lower ground floor work is in progress Part A and E.

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PROJECT PROGRESS REPORT

MOI MOCKUP Construction work across Market of India experience centre is taking place in full swing. False ceiling work has been completed. Meeting and cabin room flooring is in progress. Painting, tunnel, atrium, and reception finishing works are in progress.

NON - TOWER Excavation work is in full swing and civil work is currently in progress.

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HIGHLIVING UPDATES

SPR GROUP SHOWCASES ‘MARKET OF INDIA’ TO 300+ TRADERS IN AHMEDABAD IN ASSOCIATION WITH GGMA SPR Group successfully held a Networking Meet for 300+ traders and manufacturers in Ahmedabad on 4th June, 2019. The meet was held in association with the Gujarat Garment Manufacturers Association (GGMA) to showcase its flagship project Market of India, India’s largest wholesale market which is taking shape in Chennai. The first phase of the campaign involved similar sessions for the benefit of the trading community in TamilNadu which were held in Erode, Coimbatore and Tiruppur in the last few months.

Gujarat is the most sought after destinations for Readymade Garment Industries in India. GGMA, established in 1990 with just only 150 members now has over 1500 members.

In a joint statement released by Jagdeesh Sarda and Mr. Dilip Shah, advisor of CAA ( Chennai Apparel Association) said, “Chennai is the largest textile & garment consumer market in the country recording the highest sales of all types of garments. There are over 900 textile shops coming up on a single floor, which will ensure that textile manufacturers and traders from across the country will be united under one roof. This will make Chennai an international textile trade destination and will further boost business growth in the sector.”

is expected to rival the biggest trade centres in China. Providing world-class infrastructure, warehousing, logistics, supply, and trade

SPR Group is the developer behind Market of India, India’s largest wholesale market with 5000+ shops and offices in the Textile capital of South India - Chennai. Built to overcome the current trading

ecosystem, Market of India is expected to transform India into a trade destination and will enable traders in India and South Asia to expand their business.

challenges witnessed in unorganized traditional Indian markets, the wholesale centre provides a cohesive marketplace for business, and E DIT IO N - 0 13 | A U GU S T 2 0 1 9

Featured on:

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THE ESSENTIAL CHECKLIST: WHAT YOU NEED TO CHECK BEFORE INVESTING IN A HOME Ask anyone what tops their bucket list or goals in life, and the answer would almost always be: Buying my own dream home.

However, it’s easier said than done considering that’s it’s one of the largest investments one can make. One wrong choice can derail your entire investment planning. This is why, before taking the plunge, it’s imperative for home buyers to carefully evaluate every aspect; right from the costs, government norms to developer details, among others. The process can be quite stressful, but don’t worry, we’re here to ease it for you.

HERE’S A CHECKLIST OF 9 THINGS YOU NEED TO TICK OFF BEFORE YOU INVEST IN A HOME:

1. RESEARCH

3. EVALUATE LIFESTYLE NEEDS

It’s necessary to conduct adequate research before making a purchase. Long gone are the days, when one’s home-buying decisions were solely rested on what real estate agents had to say. From social media reviews to virtual walkthroughs, there are several ways you can understand more about the property. It is always advisable to check for basic amenities such as electrical lines, plumbing, quality of construction materials, among other factors.

These days, buying a home isn’t that simple since it is mostly influenced by lifestyle needs. Several factors such as amenities, views, infrastructure, transportation, proximity to major hubs etc., need to be considered that would fit the lifestyle you’re looking for.

2. LOCATION In an age where the real estate industry has witnessed a strong resurgence, the one thing that has withstood the test of time and remained constant is, of course, the importance of location. Choose a prime location, that’s closer to education institutes, parks, hospitals and entertainment centres. You also need to consider past price appreciation trends in the location. For example, in North Chennai, SPR City is primed for growth. The township has everything one would need within itself.

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4. ANALYSE YOUR FINANCES Buying a home is a huge financial commitment, and before you end up investing in a property, you need to analyse your finances, the value for money and understand what it entails. Remember, it’s not just the agreement value you pay. GST, registration charges, stamp duty and maintenance charges would also be applicable and need to be factored in. There are also a plenty of financial resources that you can use to meet your investment.

5. INVESTMENT PURPOSE Buying a property is an attractive investment proposition.

The decision to invest in a home for personal use is driven by utility and sentiments. But, when a house is bought only for investment purpose, it’s an entirely different scenario. You need to consider aspects such as scope of asset appreciation, legal status and market dynamics before you make the purchase.

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6. ADDITIONAL COSTS After you completely understand the crux of the costs involved, you also need to consider the post occupation cost. There needs to be a provision for the later costs which accrue from various expenses like fit out costs, interior costs, maintenance costs, property insurance if any, mortgage payments in case of loan availed.

7. DOCUMENTATION Once the financial requirements are in place, ensure that you have acquired all the necessary documents.

Detailed cost estimates, approved plan of construction, allotment letter from builder, sanctioned building plan, sales and conveyance deed, extension and licence for construction, NOC from all relevant authorities and valuation report from the architect are a few of the essential documents.

8. UNDERSTANDING THE IMPACT OF RERA After RERA, property developers are required to register with the authority and upload every detail of the projects.

This includes title, approvals, agreements, delivery dates, payment schedules, finish, etc. This will allow you to get good insight into the project before making a purchase decision.

9. POST POSSESSION KNOW-HOW The process does not end as soon as the house is purchased, but one needs to be careful also post possession.

It is essential to make sure all your documents are stored well along with adequate photocopies. Also make sure all the relevant paperwork/official documents are updated with the new details.

Buying a home comes with a lot of emotions and a lifelong security. It is vital to acknowledge the magnitude of this and do the due diligence required to carefully plan your decisions and enjoy the perks of being a home owner.

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A BREAK FROM THE MONOTONY: TEAM SPR ON A FUN “ GOODGREAT ” OUTING At SPR, nearly everyone’s a workaholic as we’re constantly working towards building the dream that we want to make a reality. Driven, relentless, and passionate, the 400+ strong team finds no match when it comes the dedication shown towards their work. But even the best of us, need that moment to unwind, relax and get away from it all. And get away we did! On 8th and 9th July, 2019, SPR planned out a team outing cum training session for the employees and dubbed it “Good 2 Great”, because that’s exactly what it was – a small reward for all the good work done during the past year, and a nudge in the right direction to steer the team towards greatness.

The event kicked off on a vibrant note at Sheraton Four Points with an in evening ice-breaker session planned for the staff to get to know each other on a more personal level. Fun games were held and goodies were given out to those who performed well. The games stretched beyond the usual quiz or group games as there were some out-of-the-box plans as well to make the evening not just fun but quirky. Some were asked to sing or dance, while others had to wear sarees and enact famous personalities. It was an all-out laughter parade, and the evening played out to be one of the most memorable ones for the SPR staff. What followed was even better - a grand DJ night, where just about everyone stepped onto the dance floor to groove to the latest tunes.

The next day, team SPR gathered for an outbound training session with squadron leader Unni, who had quite an eventful day planned. The training was focused on how one can push their boundaries, and excel at what they do. Several practical learning techniques were employed, which were both fun and insightful. The team also ended up playing outdoor sports, all a part of a great learning experience. Unni also shared wonderful examples of people who’ve not let life hold them back, and achieved heights of greatness. He also conducted several group activities which allowed people from cross-functional teams to interact, collaborate and work together as a single entity.

Amazing food, unmatched learning, new bonding, and incredible fun - Good 2 Great was an outstanding success. We hope to host more such team building sessions in the times to come.

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SPR IDENTIFIES STAND-OUT ACHIEVERS IN EMPLOYEE REWARDS & RECOGNITION PROGRAM All of us are achievers in our own way, but there are those who manage to make a cut above the rest. That deserves recognition which not only encourages them to continue on their path, but inspires others to follow. During the Good 2 Great program, SPR reviewed the performance of employees over the past year, and handpicked the achievers, awarding them with certificates and trophies. The awards were given out to topperformers across the Sales, CRM and Marketing teams and were handed out by Mr. Navin Ranka, Director, Mr. Nagesh, President – HR, FM and Security and Mr. Sainath, EVP – Sales, CRM and Marketing.

Here’s a look at the victory leaderboard for the FY 2018 - 19:

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HIGHLIVING UPDATES

MARKET OF INDIA PARTICIPATES IN LOGMAT 2019 – LOGISTICS, WAREHOUSING AND TRANSPORTATION EXPO The sixth edition of LOGMAT, the only exhibition of its kind in South

5,00,000 sq. ft. in area, and ample provisions for easy movement of

India, was held between 11 July and 13 July, 2019, at the Chennai

goods, Market of India makes warehousing and logistics hassle-free.

Trade Center. The Logmat Expo is the only platform where the entire

Providing world-class facilities such as fork lifts, freight elevators, LCV

warehousing, logistics and transportation industry gets together once in

parking, loading/unloading bay, advanced security and more, the project

a year to share and discuss the upcoming projects in the region. Several

invoked a lot of interest from the attendees.

th

th

prominent players from the industry participated in the expo. The trade show offered the perfect environment to demonstrate various products and also enabled logistics, warehousing and transportation companies increase their distribution network, form possible joint ventures, mergers, acquisitions and much more.

SPR’s Market of India project was showcased at the Expo and commanded a strong presence, with several attendees dropping by at our stall to enquire about the project. With warehousing and logistics being largely restricted due to space constraints and inefficient movement of goods,

Several people expressed a keen interest in how Market of India transformed the logistics landscape and shared their aspirations for setting up a warehouse or extending their logistics operations by moving into Market of India in the coming future.

Overall, the huge turnout and positive response received ensured that the core messaging of Market of India reached out to the right audience and benefitted them in a number of ways. We look forward to participating in many more expos to come.

Market of India provided the perfect avenue to resolve the associated challenges. Thanks to dedicated warehousing space spanning over

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Send in your answers to these questions to marketing@sprindia.com Three lucky winners with the correct answers will win two free movie tickets each*.

Winners will be announced in the next edition.

1) Where is the Holyfield Gym coming up? a) Osian Heights, Mint b) Osian One, Vepery c) SPR City d) Not in a SPR property 2) When was RERA first introduced?

TAKE THE QUIZ NOW

a) 2014 c) 2017

b) 2016 d) 2018

3) Which of the following does Market of India include?

Last Month’s Winners are: ANAND KUMAR P MEENA JAIN

a) Offices c) Godowns

b) Shops d) All of the above

4) What is the term for legal document that is most often used to transfer title of real estate from previous to new owner? a) Affidavit c) Tort

b) Deed d) Schedule

5) Identify the SPR project below:

SATYA RAJ

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a) Highliving District

b) Osian Chlorophyll

c) Osian One

d) Origine

19 *Reward is subject to change depending on the availability and maybe substituted with one of an equivalent value.

THE SHRI WAY OF LEARNING NOW IN CHENNAI LAUNCHING THE SHRI RAM UNIVERSAL SCHOOL AT SPR CITY Admissions open for batch 2020-21 from Nursery to Grade VI (CBSE)

Priority Admissions to SPR Customers’ Children ➢ BASED ON THE BEST PRACTICES AND TEACHING METHODOLOGY OF THE SHRI RAM GROUP OF SCHOOLS, DELHI ➢ FOCUS ON IMPARTING VALUE-BASED EDUCATION TO PREPARE CHILDREN FOR THE REAL WORLD ➢ PROVIDES GLOBAL OUTLOOK, YET RETAINS RICH INDIAN CULTURAL HERITAGE AND VALUES ➢ CHILD-CENTRIC EDUCATION BASED ON INTERACTIVE AND EXPERIENTIAL LEARNING. ➢ BEST-IN-CLASS SCHOOL INFRASTRUCTURE INCLUDING INTERNATIONAL STANDARD SPORTS / LAB / ARTS / CLASSROOM FACILITIES.

The Shri Ram Universal School 1, Cooks Rd, SPR City, Chennai - 600012

FOR ADMISSIONS, CALL:

044-6678 6611, 73977 52935

E-mail: admission@tsuschennai.com E DIT IO N - 0 13 | A U GU S T 2 0 1 9

FOR MORE DETAILS, VISIT:

www.tsuschennai.com

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