31 minute read
THE PRIME LEADING Real Estate B R A N D S
Upshot metros DUBAI A Global City
GROUP At a Glance T T
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Cover Story
CONTENTS
Ambuja Neotia Making a Difference the Way People Live 14
Indiassetz The Family Ofce for Your Real Estate Wealth 18
Pin Click Simplifying Home Search 32
SareStates Realty Advisors India's Leading Property and Mortgage Advisor 36
Vasupujya Corporation Turning Dreams into Reality 54 Anarock Retail Values over Value 24
Raghukul Constructions Pvt.Ltd. Building Dreams with Beams 42
EXPERT’S VIEW
Indian Housing A Good Hedge in Troubled Times for NRI Investors 46
FROM THE EDITOR
Cash Flow Management Mistakes That Can Kill Your Business 22
What B2C Can Learn from B2B 40
Upshot Metros DubaiThe Business Hub 28
At A Glance TATA Group of Companies 50
Town Planning in India 58
Olympeo Infrastructure G e t t i n g t h e r e , g o i n g b e y o n d
Currently, the real estate sector of India is worth US$ 120 billion and plays a significant role in economy of the country. Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 and contribute 13 per cent of the country’s GDP by 2025. Retail, hospitality and commercial real estate are also growing significantly, providing the muchneeded infrastructure for India’s growing needs.
The Indian real estate sector in on a major crossroad. The Government of India along with the governments of the respective states has taken several initiatives to encourage the development in the sector. The Smart City Project, where there is a plan to build 100 smart cities, is a prime opportunity for the real estate companies. Some of the other major Government Initiatives are (1) Under the Pradhan Mantri Awas Yojana (PMAY) Urban, more than 8.09 million houses have been sanctioned up to May 2019. (2) In February 2018, creation of National Urban Housing Fund was approved with an outlay of Rs 60,000 crore (US$ 9.27 billion). (3) Under the Pradhan Mantri Awas Yojana (PMAY) Urban 1,427,486 houses have been sanctioned in 2017-18. In March 2018, construction of additional 3,21,567 affordable houses were sanctioned under the scheme.
In 2017 RERA and GST has been implemented. After effect of demonetisation clubbed with RERA and GST, the real estate sector of India has seen a big change. It has increased the transparency and diligence in the business eco system of the industry. The government has also issued draft guidelines for investments by Real Estate Investment Trusts in the non-residential sector. With such developments, the real estate industry in India is poised to grow at a faster pace.
Today, many of the multinational companies are looking forward to investing in the real estate sector considering its great potential. Founded in 2013, Olympeo is spearheaded by IIT and IIM alumnus having a combined experience of developing and executing realty projects spanning over 10 million square feet. Olympeo Infrastructure has its core competencies in Design, Planning, Quality and Timely Execution of Project. In addition, the company uses technology to offer all the comprehensive real estate management and maintenance solutions to its customer.
Everyone deserves a lifestyle celebrates everyday living, a lifestyle that ensures the well-being of your family. A lifestyle that truly makes you come alive. But only a select few can afford it. Wouldn’t it be nice if such a lifestyle were made affordable too? At Olympeo, it's their endeavor to build meaningful lifestyle for modern India. Olympeo is committed to develop large integrated townships inspiring active and healthy living. These townships shall offer modern day convenience and comforts at affordable terms, which until now, were reserved for the privileged few.
For a plan to work, something that is drawn out on such a big canvas, it is essential to get investor appreciation. Once you have the trust of your investors, you can soar high into the skies and build your dreams. But often, getting investors poses as a challenge. And as the protocol has it, Olympeo Infrastructure too had it as a challenge to get investor appreciation initially. But, the company being professionals in working with large enterprises, they
Olympeo Infrastructure Pvt Ltd. promises to create lively and recreational spaces that scale new heights of comfort, style and conveniences in living spaces. ‘‘ ‘‘
were able to handle liaisons and approvals with ease. They were also able to handle local environment at sites and getting quality work from contractors & vendors at the outskirts locations.
Each company is able to bounce back up after hitting its lowest point. It just takes tremendous amount of effort to do that. There comes a point in the journey of the enterprise, the triggering point that catalyses this process of growth. For Olympeo, this triggering point proved to be their commitment and quality towards their work. They were committed to deliver lifestyle projects at affordable prices. The quality of construction, our focus on green & sustainable development and excellent sales & marketing team triggered the growth of the company.
With fairly long term goals, Olympeo has made sure that they invest in technology and people. Customers’ requirements at all stages of the project are at centre in their project planning, sales & marketing and construction.
Olympeo puts lot of effort in hiring and grooming their team members. They pay special attention in their educational background and hunger to excel in life. The company is also very particular in selecting their project partners, vendors and contractors. Lot of weightage is given to their experience and work ethics. All these were unprecedented in the affordable housing segment which has traditionally suffered from low quality workforce, lack of professionalism and transparency.
Their Service Portfolio Olympeo is an affordable housing development company specializing in active lifestyle development. Presently, they are developing large integrated projects promoting active and healthy living for urban low to mid-income families. They are focusing to make active lifestyle affordable to masses which currently are meant only for the privileged few. Moving forward, they are also expanding in diverse avenues with senior living, facility management, and schools. Be it architectural designing, construction standards, on-time deliveries or facilitating buying process along with finance partners, every process is made seamless. The structured approach helps all the stakeholders in achieving the desired results with more transparency.
Olympeo is committed to developing large integrated townships inspiring active and healthy living. These townships shall offer modern-day convenience and comforts at affordable terms, which until now, were reserved for the privileged few.
Olympeo has a vision “to be housing partner of choice” and is planning to launch 3 more projects in outskirts of Mumbai Metropolitan Region in next 1 year. Olympeo has a target to present itself in major cities of western and central India including but not limited to Mumbai, Pune, Ahmadabad, Nasik, Nagpur, and Surat in the near future.
Real Estate market is evolving into a mature industry. The level of transparency and compliances has increased in short period of time. It is resulting into consolidation in the sector and will lead to a situation where professionally managed companies with long term vision only would thrive. Customer centric product, quality construction, timely delivery and service orientation would be the key consideration in real estate sector. Possibilities
Currently co-working spaces, student accommodation and affordable housing segment are the areas in which are being explored by institutional investors and real estate companies. Another area which can come up with some modification in legislation is Rental Housing. Furthermore, senior living is another area which has potential for growth. In addition, going forward service component in all the segment of the real estate sector will increase.
Olympeo has been growing at a CAGR of 50% from 2015-2018. The growth rate is further expected to soar in the coming years as Olympeo expands to new markets. simplified and transparent processes and through inspired living, we are committed to deliver more than we promise our customers.
Care for Employee The dynamic work environment at Olympeo gives our employees the freedom to express themselves, freedom to conquer new heights and freedom to think out of the box.
Love and care go beyond the boundaries of culture, religion, traditions and beliefs. So do we. We are committed not to hurt anyone by our actions, abide by all the laws and the jurisdictions and maintain cordial relations with all the authorities and establishments. Care for Community
When you care from your heart it shows. Be it providing safe, clean and sustainable green development. Our projects are carefully designed and engineered maintaining harmony between growth and natural environment. Care for Environment
“We believe excellence isn’t a destination. It’s more of a journey. Excellence is something that
Units: crores of rupees(Rs.)
with others, but ourselves.”
Prabhat Ranjan- ATorch Bearer of Success Mr. Prabhat Ranjan is the cofounder of successful PE fund Brick Eagle. His earlier stint includes Sr. Vice President at Indiabulls Real Estate, where he headed Business Development. He has also overlooked Land Acquisitions, Sales and Marketing of Commercial Projects. And has also worked with Reliance Infrastructure and played a key role in their project planning and execution team for the Mumbai Metro Project. He has an experience of handling more than 15 million sq.fts. of real estate projects.
He has more than 15 years of experience in Business Strategy and Development in Infrastructure & Real Estate Sector with an indepth experience of project evaluation, land acquisition and project agreements. For about 3 years, he has handled multiple projects in extended Mumbai suburb.
As an entrepreneur himself, Mr. Prabhat Ranjan thinks that entrepreneurs are carrying the huge responsibility of trust & confidence that a lot of stakeholders have shown in them, be it investors, employees, customers and their own family. They are also torch bearer for many who want to join the bandwagon based on their outcome.
‘Care x 4’ DNA is the foundation on which Olympeo was created.
Care for Customers Though innovation, through creative execution, through happens along the way. You see, we believe in continuous improvement, in setting newer benchmarks. In other words, we don’t believe in resting on our laurels. We sincerely believe that we’re not competing Team Olympeo “Our employees are our main stakeholder.”
One of the key criteria they look for in their employees other than their professional competence is their background, their perspectives in life, things they value and what they are proud of themselves in their life.
They pay a lot of attention in skilling & training. Employees are empowered to carry out their job and a road map for their growth is laid out. Conducive environment is put in place to develop a sense of ownership among employees and their feedback & initiatives are always appreciated.
Olympeo has a range of projects in various stages of planning and execution – from tenements, apartment to sprawling luxury bungalow and row houses. In addition, the company will offer all the comprehensive real estate management & maintenance solutions to its customers.
“Olympeo is envisioned to be housing partners of choice”
Olympeo has launched their first project “Olympeo Riverside”, large integrated township spread over 25 acres. It was the First Township in Neral to get an OC for 280 flats at a time. Riverside was the first largescale project launched by Olympeo. Planned by Architect Hafeez Contractor with 15-20 minutes’ walk from Railway station, Riverside has 12000 sqft luxurious clubhouses with a big swimming pool. In 2018, we launched Olympeo Neo City which is spread across 10 acres. Both the projects are beautifully designed with more than 80% open space.
Mr. Prabhat Ranjan’s Message to the NewbiesWe have to choose our priorities in life. These can evolve over period of time based on our stage of life. As long as we are honest to our goals and are giving our best to achieve that, everything else should be secondary. However, we can’t fully ignore or isolate ourselves from getting influenced by the rat race out there. To cope up with that we should develop interests and passions outside our profession. Sports, travel, reading, spending time with family & friends and active involvement on social works gives a lot of meaning in life and satisfaction. These acts as
balancing role on the peer pressure that we come across on account of rat race.
While it is necessary to develop our interests, the competition out there can’t be ignored. And to cope with that, you need to be vigilant. Constant vigilance is a need of the hour. Significant numbers of companies falter at various stages of their existence on account of slippage at operational level. Vigilance is required at each step of the company operation not only to check financial fraud or leakages but also to look into the redundancies at every level. Constant vigilance keeps the organisation at it toes, improves accountability and prevents financial meanderings. One thing we must keep in mind that constant vigilance is not due to lack of trust. At every level we follow ‘Trust but Verify’ principle. This way process becomes the vigilant free from human error.
“And, when you want something, the entire universe conspires in helping you to achieve it” – Paulo Coelho.
THE BUSINESS HUB
Dubai is the largest and the most populous city in the United Arab Emirates. Known as the global city, Dubai is a popular business hub in the Middle East. Established earlier as a fishing village in the 18th century, Dubai is today the global transport hub for passengers and cargo. Dubai gained the growing importance of a port from the movement of the steamers of the Bombay and South Persian Steam Navigation Company, which paid five visits annually from 1899 to 1901. But later on, these visits increased to as much as 21 times a year, and that made Dubai an important port and it also gained a preference for trading.
Since then, Dubai has become a growing center for regional and international trade, which is where most of Dubai’s economy comes from. Apart from trading, it also derives its economy from the tourism industry, aviation, real estate, and financial services. The governor of Dubai, Sheikh Rashid bin Saeed Al Maktoum, used the revenues from trading to build the infrastructure of the city. With this, an airport of sorts was constructed in Dubai in the 1950s.
In the early 1960s, Dubai became a lively port for the trade of gold with some 1968 imports of gold at about €56 million. The gold was in the vast majority of re-exported. In the year 1966, more amount of gold was shipped to London and France than anywhere else in the world. Later, an oil era began in Dubai, when oil was discovered in the territorial waters of Dubai. The first oil field was named ‘Fateh’ or ‘good fortune’. Thus it was the slow transformation of Dubai into a business hub. Dubai experienced a property boom from the years 2004-2008, as the city started becoming oil-reliant. With the large scale construction taking place, Dubai is becoming one of the fastest-growing cities in the world. This property boom was driven by some of the megaprojects like the Palm Islands, The World, Burj Khalifa complex, Business Bay and many more such projects. The city is home to many skyscrapers. With these developing real estate projects, Dubai focuses and derives most of its economy from the tourism industry.
Dubai is also the world’s thirdlargest diamond trading hub and has seen an increase in the trade of rough and cut diamonds since 2001. It is said to be a buying hub for the consumers of diamond jewelry. Apart from diamonds, Dubai is also a hub for gold trading, with India as its biggest buyer of gold. Along with a strong trading industry, Dubai is also Dubai overYears Over the past 30 years, life in Dubai has seen incredible growth in terms of its economy, lifestyle and everything else. The development in Dubai started off in the early 1990s, but things started taking shape from the early 2000s.
Nearly 6% of GDP in Dubai is derived from oil and gas, even then it has managed to double its economy from the 2000s. Dubai’s growth rate is higher than the growth rate of China or Asia, the What caught the world’s attention was the development of the Palm Jumeirah, a huge reclaimed island in the shape of a palm tree. Dubai made another bold statement by opening The Atlantis- The Palm Resort in 2008 at the top of the Palm trunk. While the whole world was drowning in the wave of recession, these developments in Dubai showed it to the world that Emirates was emerging and it was open for trade and business.
The Atlantis
home to a few significant industrial ventures. These primarily include the aluminium industry, energy production units, investments were also done in the car manufacturing industry. tiger economies.
While the development of Abu Dhabi was not seen much, the residential areas and the outskirts were seen adapting to the change and development quickly and easily. The residential areas
submerged Khalifa City began to surface from the sands as the development of Abu Dhabi International Airport’s Midfield Terminal appeared in the year 2006. Along with this, the Yas Island began to develop as the Ferrari World’s landmark red roof started to develop in the year 2009. The year 2009 saw major included Khalifa City. The then
Ferrari World’s landmark red roof
Abu Dhabi International Airport’s Mideld Terminal
developments as it was also the year of Emirates’ inaugural Grand Prix. The Saadiyat Island, primarily a desert island also transformed into a cultural hub between the years 2008 and 2009, with the Sheikh Khalifa Bridge connecting it to Abu Dhabi.
after business hubs in the world. The coming years will show even more development in the real estate, automation, aviation, retail, and all the other industries.
Grand Prix
Thus over the time from 1984 to 2019, the coast of Dubai has seen remarkable changes, with new arenas of businesses emerging, making it one of the most sought
GROUP OF COMP
NERVES OF STEEL
THE POWER OF DREAMS
OUP OF COMPANIES
THE POWER OF DREAMS
DIAMOND BY THE SEA
29-year-old Jamsetji Nusserwanji Tata starts a trading company in 1868 with a capital of ₹21,000 — the early beginnings of what would one day become the Tata group.
Since the inception TATAs spread their wings of business around the globe. There is no such business sector where TATA is not present.
Tata group is strongly processing in Steel, Cosmetics, Oil, Salt, Automotive, Food, Beverages, and many more sectors.
The Taj Mahal Palace Hotel by TATA is a five-star hotel located at the place called Colaba in Mumbai, near the Gateway of India. The Taj Mahal Hotel is a 104-year-old building, a part of the Taj Hotel Resorts & Palace, the building is considered to be the flagship property of the group, which consists of 560 rooms and 44 suites. People coming from abroad also like the Taj Mahal Hotel located near the Gateway of India, it attracts people with the beauty of the building.
The Tata group is always at the forefront in terms of public health. In 2011, Ratan Tata inaugurated Tata Medical Centre, comprehensive cancer care and treatment facility designed specially to serve the poor in the region.
Starbucks, a most loved coffee joint welcomed in India by coffee lovers in 2012. It is a 50:50 joint venture of Tata Global Beverages and Starbucks Corporation.
The group charts course for its newest aviation adventure in 2014. AirAsia India, a JV with popular, low-cost airline AirAsia Berhad, begins operations.
The organization follows up that improvement with vistara, Tata sons' JV with Singapore airlines. It celebrates flying 1 million customers that same year.
In 2017, the board of directors appointed N. Chandrasekaran, CEO and MD at TCS since 2009 as Chairman of Tata Sons. In that same year, TCS and Cornell Tech inaugurate the Tata Innovation Centre to promote joint academic and industry research, following a $50 million investment by TCS.
Tata Steel and ThyssenKrupp sign a landmark JV in 2018 to create a new, strong Pan-European steel champion that is structurally robust and competitive.
2018 was a fantastic year for TCS as it becomes the first listed Indian IT company to reach $100 billion in market capitalization, ushering in a new phase of growth for India Inc.
In December 2019, according to Indian Law Cyrus Mistry became chairman of Tata Sons who is mostly the Chairman of Tata Group. But it is not yet confirmed by the Tata Group. daunting, considering the terrain of the Western Ghats.
Tata Motors Limited, which was formerly known as the Tata Engineering and Locomotive Company (TELCO), is the Indian multinational automotive company with its headquarters in Mumbai, Maharashtra. The company is a part of the Tata Group, which is an Indian conglomerate. The products of Tata Motors include passenger cars, trucks, vans, buses, sports cars, construction equipment, and military vehicle. Tata Motors, Wheels that Moves India!
Tata Motors was founded in 1945 as manufacturers of locomotives. Although their first commercial vehicle was manufactured in 1954, which was in collaboration with Daimler-Benz AG, which was put to an end in 1969.
In 1988, Tata Motors entered the passenger vehicle market when they launched Tata Mobile, later followed by the launch of the Tata Sierra in 1991. The launch of these vehicles proved that Tata had the capability to develop the indigenous automobile. In due course, Tata also launched the Tata Estate.
More than a century ago, the visionary Jamsetji Nusserwanji Tata, resolved to provide pollutionfree, clean power to Mumbai, a city that was choking on the fumes of the boilers of textile mills. He dreamed of, and inspired, the setting up of one of the first hydroelectric power plants in the Western Ghats, with a hydel dam that would harness the power of flowing water to create electricity. The task was nothing short of 1998 was the year when Tata launched its first fully indigenous passenger car, the Indica. The car was criticized by many analysts, but with its excellent fuel economy, a powerful engine, and its dynamic marketing strategy made Indica one of the best selling cars in the history of Indian automobiles.
In the year 2004 Tata went on to acquire Daewoo’s South-Korea based truck manufacturing
company, which they later renamed as Tata Daewoo. In the same year, Ratan Tata, the Chairman of Tata made a debut in the New York Stock Exchange and marked the listing of Tata Motors.
Following this, in the year 2006, Tata formed a joint venture with Marcopolo, which is a Brazil-based company, and launched a line of Tata Marcopolo Bus, which were fully built buses and coaches.
In the year 2008, Tata launched Tata Nano, which was also the world's cheapest car. 2008 was also the year when Tata purchased Jaguar Land Rover from Ford.
With the dawn of the year 2010, Tata Motors acquired an 80% stake in Trilix, which is an Italian design and engineering company, for a whopping amount of €1.85 million. With this acquisition, Tata formed part of the company’s plan to add to its styling and design capabilities.
Tata Motors announced an investment of 6 billion rupees in the development of Futuristic Infantry Combat Vehicles, which was in collaboration with the DRDO. At a Glance
Vasupujya Corporation focuses on developing mid-range apartments for first-time home buyers and has delivered over 1000 such homes in This enables the management team to give their entire bandwidth to the project, thus ensuring the superlative customer experience. They are easily approachable at the project office or company office, in case customers want to reach out to them for any assistance. Most of their customers are the first time home buyers and Vasupujya Corporation want their experience to be as delightful as possible. only 1 large project at a time. What They Offer Vasupujya Corporation was founded by Mr. Suresh Ajmera, a stalwart in the plumbing industry, who started real estate development in 1980. Today, it is helmed by his sons - Dhanesh and Siddharth, both civil engineers who excel at project planning and design. The Company In 2012, his grandson - Rahul Ajmera, a civil engineer from IIT Bombay, joined the company ranks and handles project execution and delivery. Vasupujya Corporation has a unique way of doing business. They develop only self-owned lands (No JVs or JDs) and focus on he only mindful investment T in today’s world is an investment in fixed assets. Everyone lives with a dream to own a house. To make dreams turn into reality, Vasupujya Corporation provides modern homes with amenities that promote a better community living at affordable prices. Founded by Mr. Suresh Ajmera in 1980, Vasupujya Corporation has developed more than 1000 homes across Pune and Mumbai and still counting. the last two decades. They just delivered 270 homes at Neco SkyPark at Pimple Nilakh Pune, where they provided two 15,000 sqft. Terrace sky gardens. They strive to achieve a balance between project viability and product quality. Vasupujya Corporation has done the usual bit towards reducing our carbon footprint by using Fly Ash during construction and providing Solar Water Heaters, LED lights, Wet Waste Composting Unit and Sewage Water Treatment Plant, but they wanted to do something more for the buyer. They were inspired by the design of the Marina Bay Sands Hotel in Singapore and designed buildings such that they shared a common rooftop terrace, where they created a walking sky garden - SkyPark. Vasupujya Corporation doesn’t believe in providing namesake amenities, which would be difficult to maintain, their offerings are practical and focused on customer’s ease of use. They didn’t want plantations on the roof floor in the guise of aesthetics at the risk of damaging the water-proofing so we planted hundreds of large potted trees and flowering bushes, which are much easier to maintain and do not affect the water-proofing or building structure. In their projects, they are using recycled sewage TURNING DREAMS INTO REALITY ‘‘
‘‘ REAL ESTATE IS AN IMPERISHABLE ASSET, EVER-INCREASING IN VALUE. IT IS THE MOST SOLID SECURITY THAT HUMAN INGENUITY HAS DEVISED. IT IS THE BASIS OF ALL SECURITY AND ABOUT THE ONLY INDESTRUCTIBLE SECURITY
- RUSSELL SAGE
RAHUL AJMERA PARTNER
water and wet waste compost fertilizer, all generated within the housing project itself. The terrace garden today is a sanctuary for residents, sparrows, and butterflies alike. They are growing fruits and vegetables like Pomegranates, Chikoos, Lemons, Tomatoes, Lemongrass which is a delight for all residents. Circulating the terrace garden is a rubber walking track that covers 250 meters in one round, which provides comfort for senior citizens. This is Vasupujya Corporation’s endeavour to create projects that are “Oxygen Positive” and provide an environment that enriches the resident’s mental and physical health. Besides this, they have more than 300 fully grown trees planted around the periphery of the project that creates a protective envelope.
Vasupujya Corporation has just launched an affordable housing project – Neco Beaumont near NIBM, Pune. The NIBMMohammadwadi-Undri area boasts of the best schools in Pune, with proximity to IT SEZs like Magarpatta and SP Infocity. Hopefully, once the new International Airport at Purandar comes up, we can expect to see tremendous development in these areas. Vasupujya Corporation’s proposed project is adjacent to 70 lakh sqft of forest and park reservation, which will act as a green lung for all residents.
Vasupujya Corporation is also starting a redevelopment project at Matunga, Mumbai, which is one of Mumbai’s most sought after locations due to the excellent social infrastructure and greenery around.
About The Real Estate Market The real estate industry is getting more organized with the advent of RERA and the rise of Social Media Activism. Only professionally sound real estate developers will remain in the industry in the future. Due to GST on under-construction properties, buyers are showing a clear preference to ready to move in properties, which adds pressure to the project’s cash flows. The newer generation of buyers is overexposed to information and hence more confused, which delays their buying decision and making sales today more challenging than earlier. We expect housing supply and pricing to stabilize just to meet the actual buyer’s demands in the short run, while we expect verticals like Co-Living and Shared Accommodation to become popular among investors in the long run.
Professional Experience Vasupujya Corporation is a real estate development firm with civil engineers at the helm. It matters to have technically sound people leading the organization. Mr. Rahul Ajmera is graduated as a civil engineer from IIT Bombay in 2012. He has experience in the construction and financial valuation industry after his stint at Shapoorji Pallonji Engineering & Construction as Deputy Manager Planning and at RBSAAdvisors as an Associate. He also has entrepreneurial experience, having co-founded a start-up - 1920aur21, which was a unique e-commerce portal catering exclusively to
college campuses, subsequently acquired by mSauda in 2013. Mr. Rahul also provides Real Estate Data Analytics for projects in Maharashtra under the firm name - AREA Foresight, assisting real estate developers decide on their final product sizes/prices before launch as well as providing the government itself with data to aid policy formulation.
About The Team Vasupujya Corporation is a closeknit family of 30 employees, with most of the staff have been with them for over 10 years and a very minimal attrition rate. They provide employees with social and financial support such as Subsidized Housing, Health/Accident Insurance, Maternity Benefits, etc. At the construction site, they empower the staff to take control of the project as owners themselves, instead of giving them a rigid role. This allows them to work freely and wholeheartedly across verticals. Vasupujya Corporation is also open to implementing positive suggestions from anyone, be it a customer or even a security guard. The team is unique because no one is allowed to boss over another at work, everyone’s opinion is sought, valued and they encourage thoughtful discussions before taking decisions.
The Uniqueness What sets Vasupujya Corporation apart is that they are completely approachable by all customers at the project site. The advantage of having a builder, who is personally present at the construction project, is something that existing customers rave about. They understand that people are spending their life savings in buying this product and the builder should empathize with his customers for their issues. We are always available to the customer in making extra changes at home or providing after-sales service. Our impeccable and personalized service is what sets us apart and that helps us get repeat customers.
While talking with Mr. Rahul Ajmera, he said that he loves reading various books based on different genres. More than an Entrepreneur
He stated, “I love the book – Thinking, Fast and Slow by renowned Nobel Memorial Prize in Economic Sciences laureate Daniel Kahneman. It deals with the psychology of judgment and decision-making, as well as behavioural economics” Steve Jobs inspires him a lot. He was a true visionary, having created revolutionary consumer products, with complete focus on his customers and making life easy for them. This is something that most entrepreneurs don’t focus on today – The Customer and Product User Experience.
Town Planning in India
e love a particular W village or town. Think about why we like it. Not only do beautiful buildings make the city beautiful, but also the roads and their structures, sidewalks, trees and greenery, other elements of the road such as lamps, furniture like benches, information signs, bus stops, trash cans, etc. Beautiful buildings, residential as well as commercial complexes makes a city beautiful place to live.
Each city has a unique image. This image deals with various elements and features of the town structure. Such an image is especially useful when designing the actual design of the city's development, as well as the detailed design of various sections. The location and context of the citizen’s mind on various factors can be a guide when it comes to empowerment or change. A development project can make a big difference to the city’s image.
In India, the importance of city planning was realized in the post-independence period. Keeping in mind the huge demand for industrial, commercial, residential and recreational activities on urban land, the need for scientific principles governing the distribution of land for various works was underlined.
In view of future traffic density, wide roads were constructed. The height of the buildings was determined according to the width of the roads so as to provide an artistic aspect to the human surroundings. In addition, a proper balance was also laid between the construction and open spaces.
Land use plans of cities are prepared by the Town Planning Authority and various areas are demarcated for specific land use. These schemes include provisions related to adequate road width, open spaces or basic amenities (water, electricity, schools, hospitals, etc.).
Keeping in view the revenue generating capacity and economic importance of major metros, priority should be given to the development of specialized infrastructure in these cities. For this purpose, a megacity scheme was started in 1993-94, which was recommended by the National Urbanization Commission. The scheme was implemented in Mumbai, Kolkata, Chennai, Bangalore and Hyderabad. The main thrust of the plan was on the development of infrastructure.
The development of slums in urban areas has become a complex problem. These settlements are continuously developing around industrial areas, railway lines, ports, river banks, wholesale markets etc. The largest expansion of slums is in metros. Dharavi, near Mumbai, is Asia’s most extensive slum.
Slum houses are generally raw, made of brick, clay, tarpaulin, tinshed, bamboo, etc. The living space does not exceed 10 square meters in which most of the household items are also stored. Bathing, cooking and sleeping are mostly in open spaces.
For every 10 lakh additional housing units, 6 thousand hectares of land is required. The Urban Land (Ceiling and Regulation) Act, 1976 was passed by the government for this purpose. This Act applies in all the provinces except Jammu and Kashmir, Kerala, Nagaland and Sikkim.
Tamil Nadu enacted its own separate act in 1978. This act prevented the concentration of urban land in the hands of some people. Equitable distribution of urban land was ensured for general use by controlling betting and profiteering. collaboration with private builders and land brokers. Housing in these suburbs has expanded at the expense of agricultural land.
nd India is the country with 2 highest number of urban population in the world after China. The boom in the rate of urban population growth came largely due to migration and population growth. This resulted in various socio-economic and environmental problems
Indian economy is growing rapidly. Such massive forward-looking growth will come from secondary and tertiary sectors, which are industrial and service sectors. Economic activity in these areas started primarily in urban areas. The condition of our cities and towns is very important in India's development.
Whether it is about metropolitan cities or to develop old cities in a new look, urban planners do such projects well. They plan to make the city beautiful with their team.
As townships and smart cities are increasingly working nowadays, the scope has increased in this field. You can start as an Associate Town Planner in government agencies, such as Town and Country Planning Department, Housing Boards, Urban Bodies, Urban Development Authority, District and Rural Planning Department. One driven by passion in the field of town planning can also start with private companies or property firms, real estate firms, social agencies, non-profit housing groups and international consulting companies.
