SPR 360˚ | MARCH 2019 | Edition - 010

MONTHLY NEWSLETTER FOR SPR HIGHLIVING INNER CIRCLE

ED ITIO N - 010 | M A RCH 2019

www.sprhighliving.com

THE DEVELOPMENT OF CHENNAI’S LARGEST INTEGRATED TOWNSHIP EXPECTED TO BRING A HOST OF BENEFITS TO TAMILNADU FIND OUT MORE INSIDE THIS ISSUE: Construction progress across multiple SPR projects SPR participates in 3-day CREDAI FairPro, records 700+ footfalls Market of India receives overwhelming response in Erode E DIT IO N - 0 09 | F EB R U A RY 2 0 1 9

MOUs signed between SPR and Jaquar Group

01

INDEX 03

From the MD’s Desk

04

Seeing the bigger picture: What the development of Chennai’s largest integrated township means for Tamilnadu?

PROJECT PROGRESS REPORT 06

Tower A

07

Tower B

08

Tower H

09

Shri Ram Universal School

10

Origine: Bungalow development

11

Market of India

12

Site Infrastructure Details

HIGHLIVING UPDATES 13

Market of India welcomed by traders in Erode

13

Industry news on new GST reforms

14

SPR’s Business Partners Meet receives 300+ attendees

15

70th Republic Day celebrated with great zeal

16

Overwhelming response to launch of Chennai’s tallest towers

17

SPR commands a strong presence in CREDAI FairPro, receives 700+ footfalls

IN THE NEWS 18

SPR signs two MOUs with Jaquar Group

19

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

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

02

FROM THE MD’S DESK Q1 of 2019 has kicked off to a positive start for

of the state, and the nation. The project will be

the real estate industry. In Tamil Nadu, especially,

boosting employment in the state, besides providing

it looks quite promising. New launches, rise in

greater business opportunities and assuring high

investor interest, increased infrastructure projects

quality of living. We also participated in the CREDAI

and a steady price appreciation has led to a

FairPro event and received a record 700+ footfalls,

spurt in consumer interest in both residential and

marking phenomenal success.

commercial properties. The recent sales across our properties are also indicative of the same, as we

In line with SPR’s vision, construction work is in

recorded considerable sales success in Highliving

full swing as we gradually inch closer to realizing

District and Market of India. We gained considerable

our vision of building the future. In Tower- A, post

traction after we announced that were 12 months

reaching the 36th floor, finishing work is progress.

for handover for fitouts in Tower-A in the month of

Tower B and H are touching new heights on a month-

January.

on-month basis. Across the Market of India, work is on in full swing. New batching plants and tower

Another highlight was the recently concluded Global

cranes have been set up. We’re also planning on

Investors Meet 2019, in which the Government of

further infrastructural upgrades in the coming days.

Tamilnadu signed around 304 deals with corporates

Mega launches of our bungalow project Origine and

on investment commitments, promising a new wave

residential project in Vepery, Osian One are also on

of development in the state in the near future. SPR

the pipeline.

Group signed an MOU with the government for Rs. 5,500 Crore during the GIM towards the development

Q1 of 2019 has been quite eventful and I sincerely

of the township project, showing SPR’s commitment

thank everyone involved SPR’s journey and hope for

towards contributing to the economic development

your continued support

Hitesh Kawad

Managing Director, SPR Group E DIT IO N - - 0010 09 || FMARCH EB R U A RY2019 2019 EDITION

03

COVER STORY

EDITION E DIT IO N -- 006 0 09 | |NOVEMBER F EB R U A RY 22018 019

04

EDITION E DIT IO N -- 006 0 09 | |NOVEMBER F EB R U A RY 22018 019

05

PROJECT PROGRESS REPORT

TOWER A

Post completion of 36 floors in Tower-A, construction work is currently in the above terrace crown area. Flat, lobby finishing works, external painting, window and main door frame fixes have also been initiated. Main door frame fixing has been completed until the 9th floor. Waterproofing work upto 28th floor has been completed.

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

06

PROJECT PROGRESS REPORT

TOWER B

THIRTY FIRST FLOOR

Work in Tower-B is proceeding at a rapid rate. Work has been completed in the 30th floor and is in progress in the 31st floor. Waterproofing work has been completed upto the 10th floor and MEP 1st fix has been done until the 12th floor.

E DIT IO N - - 0010 09 || FMARCH EB R U A RY2019 2019 EDITION

07

PROJECT PROGRESS REPORT

TOWER H Construction work across the Tower-H site is being carried out in full swing. At present, work in the 19th floor has been completed and it is currently underway in the 20th floor.

TWENTIETH FLOOR

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

08

PROJECT PROGRESS REPORT

SHRI RAM UNIVERSAL SCHOOL There has been considerable progress in the construction work being carried out at the school site. 2nd floor work is in progress across Block A. Above terrace floor work is in progress in Block B, C and D. Terrace floor work is being carried out in Block E and F. Mockup has been done for flooring, aluminium window, and gypsum plastering.

Block work has been done in ground and 1st floor, and 2nd floor is in progress.

E DIT IO N - - 0010 09 || FMARCH EB R U A RY2019 2019 EDITION

09

PROJECT PROGRESS REPORT

ORIGINE

At the bungalow site, construction work is proceeding at a rapid rate. Currently, in Zone 1 and 2, terrace floor work and block work is in progress. In Zone 3 and 4, podium floor work is in progress. In Zone 5, podium work is in progress.

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

10

PROJECT PROGRESS REPORT

MARKET OF INDIA

Work is in progress in full swing at the Market of India site. Excavation, raft in basement 2 floor, basement 1 slab and lower ground cellar work is being carried out in Zone A and E. In Zone E, work in lower ground cellar is currently in progress. In the Central Plaza area, excavation work and raft work in basement 2 floor is underway.

E DIT IO N - - 0010 09 || FMARCH EB R U A RY2019 2019 EDITION

11

SITE INFRASTRUCTURE DETAILS New batching plant for Market of India has been completed Tower crane for Zone-A of Market of India is currently in operation. In Zone-E, set up is currently in progress.

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

12

HIGHLIVING UPDATES

MARKET OF INDIA GOES BEYOND CHENNAI: WELCOMED BY TRADERS IN ERODE

On 20th February, 2019, a special Trade Meet was held to present Market of India to traders in Erode. The event managed to attract a diverse set of entrepreneurs and prominent businessmen from various industries. The trade meet proved successful in getting traders from beyond Chennai interested in Market of India and also to set up their business in South Asia’s largest wholesale market.

INDUSTRY NEWS: ALL ABOUT THE NEW GST RATES ON REAL ESTATE AND INPUT TAX CREDIT Earlier, a reduction was proposed in GST for under construction

residential projects which are incomplete as on March 31, 2019, will

housing projects which also came with a withdrawal of input tax

have the option either to choose the old structure with ITC or to shift

credit (ITC). This was expected to bring about an increase demand

to the new 5% and 1% rates, without ITC. Builders will get a one-time

conversion and impact the margins of property developers, thus

option to continue paying tax at the old rates (effective rate of 8% or

bringing about an increase in property prices. On March 19, 2019,

12% with ITC) on ongoing projects (buildings where construction and

the GST Council, approved a transition plan for the implementation of

actual booking have both started before April 1, 2019, but which will

the new tax structure for housing units. As per the plan, builders will

not be completed by March 31, 2019). The new tax rate of 1% for

be allowed to choose between the old tax rates and the new ones for

affordable houses and 5% for others, without ITC, will apply on new

under-construction residential projects, to help resolve input tax credit

projects. SPR Highliving will be continuing with the 12% GST slab with

(ITC) issues.

ITC benefits to ensure that the input tax benefits received by us are

As per the decision taken by the GST Council, the developers of

passed on to our customers.

E DIT IO N - - 0010 09 || FMARCH EB R U A RY2019 2019 EDITION

13

SPR’s Business Partners Meet for Q1 of 2019 ends on a successful note with 300+ attendees With the firm belief that forging meaningful business relationships is a vital part of sustaining our success and accelerating our growth momentum, on 10th January 2019, SPR Highliving conducted the Business Partners Meet for Q1 of 2019. The meet was held at Taj Coromandel, Chennai and witnessed attendance from a selective list of 300+ attendees comprising real estate agents, realty firms, among other prospective business partners, both from within and outside Tamil Nadu. The agenda of the meet was to deliberate on last year’s events, share information on upcoming launches, insights on our projects, and the projection for Q1 of 2019.

The event kicked off with an introduction of SPR Highliving, followed by a presentation on the residential segment by Mr. Manish Goenka, Head of Residential Sales, SPR Highliving. The detailed presentation gave an overview of SPR’s residential projects, providing details of the available configurations, project USPs, and other intriguing aspects. The highlight of the presentation was a brief video on the massive scale of the construction work being conducted at the SPR City site, which showed SPR’s construction teams at work and the infrastructure used at the site. Mr. Ganesalingam then took over the mantle, and engaged the meeting attendees by presenting insightful information on Market of India, India’s largest wholesale market. Post this, Mr. Hitesh Kawad, Managing Director, SPR Highliving took to the stage to share SPR’s vision for the next quarter, wherein he highlighted the company’s goals, what the company has achieved in the past year, and how SPR always puts customers first in its operations. The attendees lent a keen ear throughout and actively interacted with the speaker for more insights.

Following the presentations, an award ceremony was held to recognize the contribution made by SPR’s Channel Partners, during which certificates of recognition were distributed to the recipients. The event came to a close with a stand-up comedy session by comic Vikash Paul who left the audience in splits with his satirical take on everyday issues, post which a grand dinner was arranged for the attendees.

The Business Partners Meet 2019 thus ended on a successful note, marking the end of one among the many events planned for the year. SPR aimed to spread its vision far and wide, not just within Tamil Nadu, but across the nation as well – and the meet proved to be a step in the right direction for the company in spearheading the future of real estate. Here’s hoping for more successful events in the days to come!

E DIT IO N - 0 09 | F EB R U A RY 2 0 1 9

14

E DIT IO N - 0 09 | F EB R U A RY 2 0 1 9

15

HIGHLIVING UPDATES

LAUNCH CAMPAIGN OF CHENNAI’S TALLEST TOWERS MET WITH OVERWHELMING RESPONSE In December 2018, Tower-A construction completed its 36th floor, proving to be a landmark event in the history of SPR. The hallmark figure was reached within just a year, a record-breaking feat that was achieved through the relentless efforts of the construction teams and the state-ofthe-art infrastructure that was being deployed at the site. With just around 12 months to go for handover for fit-outs and furnishing in Chennai’s Tallest Towers, a mega 350-degree launch campaign was announced in January-February that proved to be highly successful.

The overwhelming response that followed the announcement was evident, given the scale and uniqueness of the project. Interested visitors flocked from all quarters to the construction site to witness this iconic moment in history. The engineering marvel, the highest in Chennai, indeed takes the definition of ‘Highliving’ to a whole new level, giving Chennaiites a chance to discover the incredible benefits of living in high rises.

While just another chapter in the list of accomplishments SPR has achieved in recent times, the event managed to reinforce the company’s ideals of delivering the best to its customers and staying committed to its promises. With a positive start to the new year, we hope to achieve more such milestones in the coming days.

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

16

HIGHLIVING UPDATES

SPR PARTICIPATES IN CREDAI FAIRPRO 2019, COMMANDS A STRONG PRESENCE RECEIVING 700+ FOOTFALLS

CREDAI Chennai’s FairPro 2019, kicked off to a great start on 15th February, 2019. The 3-day annual flagship real estate exhibition was held at Chennai Trade Centre. Being one of the most successful and longest running real estate exhibitions, the event drew in massive crowds. The event was inaugurated by Honorable Deputy Chief Minister of Tamil Nadu, O Paneerselvam. More than 75 developers participated in the event showcasing a total of over 300 projects at the fair.

SPR Highliving participated in the event showcasing its entire range of residential and commercial projects. Commanding a dominating position at the expo, our stall attracted a whopping 700+ footfalls – a remarkable feat in itself. One of the major highlights of our presence this year was the stall in itself. The entire exterior of the stall was covered in glass and put on a stunning display that was the cynosure of all eyes at the event.

Our strong presence at the CREDAI FairPro provided us with a valuable opportunity, wherein we were able to interact with customers on a personal level, and clarify any queries or questions they had about purchasing properties. Overall, the huge turnout and positive response received ensured enormous success for SPR Highliving. We would like to thank everyone involved in making this event a success and hope to participate in many more expos to come.

E DIT IO N - - 0010 09 || FMARCH EB R U A RY2019 2019 EDITION

17

IN THE NEWS

SPR GROUP SIGNS TWO MOUs WITH JAQUAR GROUP On 15th February, 2019, SPR signed two Memorandum of Understandings (MOU) with Jaquar Group to set up Jaquar Display Center and for the procurement and use of Jaquar products in the SPR City project. The MOUs were signed between Mr. Hitesh Kawad, Managing Director, SPR Group, and Mr. Rajesh Mehra, Director & Promoter, Jaquar Group.

“At SPR, we strive to deliver projects that subscribe to the finest international standards on design, development and customer satisfaction. Our association with Jaquar reaffirms our commitment to delivering the highest quality to our customers. Jaquar is a trusted global brand with the finest products in the industry and we are excited to partner with them for the SPR City project that will change the landscape of Chennai and redefine living standards” said Mr. Hitesh Kawad, Managing Director, SPR Group.

To mark the partnership and as a novel CSR initiative, SPR Group and Jaquar Group planted over 1000 saplings within SPR City.

Mr. Rajesh Mehra, Director & Promoter, Jaquar Group said “It is indeed an honor for Jaquar to be associated with such a prestigious project. At Jaquar, we provide end-toend solutions that are aesthetically pleasing to our customers and encompass innovative technology. This association with SPR Group and setting up of a display center at Market of India underlines the brand’s commitment towards providing consumers with quality products and expanding our market presence even further”.

Jaquar’s Display Centre at Market of India will provide full support service to enhance customer experience with its bespoke range of complete bathroom and lighting solutions.

The center will feature complete bathroom vignettes with demonstration spaces for rain shower enclosures, freestanding bathtubs to give hands-on experience to customers as they interact with specialists. It will also enable Jaquar to expand its presence as Market of India is expected to grow into India’s largest trading hub, attracting wholesalers, retailers, and semi-retailers from across the country and globe.

FEATURED IN:

E DIT IO N - -0010 09 | | FMARCH EB R U A RY2019 2019 EDITION

18

E DIT IO N - 0 09 | F EB R U A RY 2 0 1 9

19

E DIT IO N - 0 09 | F EB R U A RY 2 0 1 9

20