1. From Manoj Gupta: Views are just an Internal Insight .
Welcome , I have inked some of our thoughts along with the Macro & Micro trends along with our way forward customer focus during an Internal seminar @IIMB
India’s GDP growth has improved. For Corporate India, the worst is behind us. The decisive mandate given by the people
of this country to the new government is reflective of the change India wants. Behind the newfound elation and euphoria
lies the real challenge - that of delivery as such we have a new opportunity.
The new government has to simultaneously work several levers - increase growth, reduce the fiscal deficit, contain
inflation, create a conducive investment climate for both, domestic and foreign investors and work towards improving
hard and soft infrastructure. It has to fulfill the aspirations of its people - particularly the young Bangalore will see similar
trends. At Adarsh we need to be further sensitive & proactive in the Social Media & the Digital World as Messages are
Becoming Medium.
India ranks 182 out of 189 countries in terms of the ease of obtaining construction permits? Why can’t banks and housing
finance companies be permitted to fund land transactions? Where we need 40 to 50 regulatory or quasi-regulatory
bodies for a residential building? These are blockades of Capitol Turnaround.
Developers are sometimes criticized for not relenting on the exorbitant pricing of residential homes. Part of the challenge
lies in how developers fund the purchase of land. Regulators prohibit banks and housing finance companies (HFCs) from
extending finance to private developers to acquire land. Developers have to then resort to high cost funds from non-
banking financial institutions, private equity and even from the informal sector, often paying interest rates ranging from
18 to 22% per annum. Even if a developer wishes to start construction immediately, approvals - particularly in certain
large cities, take as long as 18 to 24 months. Meanwhile, the developer needs to service the loan taken for acquiring the
land, without receiving corresponding cash flows. Further, because of the multiplicity of approvals, speed money is demanded, often at every stage of approval. The
end result is that all these time and cost overruns are eventually borne by the home buyer. We at Adarsh proactively absorb a lot as an Internal Value Add for our
customers.
Few cities can match Bangalore's real estate power. The Garden City of India has long since progressed from being the country's most preferred retirement
destination to becoming its Information Technology capital - a city of entrepreneurs and the nouveau riche individuals. Still Ranking the Global 1 st
in India. In all
respects, Bangalore is an extremely vibrant city with highly favorable demographics. The average age of the city's population has dropped dramatically from 60 years
to 30 years in two decades, and the average earning power of this population is arguably the highest when compared to the more established cities of India. As a
result, Bangalore's real estate market dynamics are also unique when it comes to financial clout and corresponding lifestyle preferences. The Future is quite young.
Key Demographic Triggers for Bangalore Even Today
- Bangalore has only 42% of local population. Hence, it is a truly cosmopolitan city & has the highest number of software professionals in the world
- Bangalore has produced the highest number of professionals working in the USA, and almost 60% of the Indian populations abroad are from Bangalore
- Bangalore has the highest number of software companies in India – 212 & has 22 engineering colleges, which is highest in the world in a given city
One of the major factors driving real estate consumption in Bangalore is the consistency of job creation, which surpasses all other Indian cities. In the last one
decade, even after a serious slowdown in national and international economic growth, Bangalore has been consistent in generating the highest number of jobs for
engineers and management graduates among all cities of India. It is a growing city both in terms of geographical expansion and in providing livelihood to educated
young Indians; yet it has still not lost its lifestyle attractiveness quotient. Fiscal discipline in the SPV concept with bringing in of Escrow will drive more transparency.
Indiranagar and Koramangala are the preferred destinations of first-generation rich entrepreneurs who value an evolved lifestyle that does not require them to
compromise on space. Bangalore's elite continue to prefer these locations as against moving into newer areas which offer comparable lifestyle quotients, but lack
the charm they were accustomed to. Yehalanka New Town is now becoming the future Residential support to the anticipated ECBD of North Bangalore.
Considering the limited supply, both now and in the foreseeable future, these are extremely high premium locations with no supply overhang whatsoever. As a
result, the capital appreciation potential is considerable. While luxury Villas & Apartment costs ranging between Rs. 2 crs to 10 crs… may seem exorbitant, they are in
fact very reasonable when compared to the rates going in premium locations of established cities like Delhi and Mumbai. The space and lifestyle that the luxury
projects in these areas offer against a backdrop of unsullied charm and grandeur is clearly lacking in most other cities.
The Brand today marks an Unprecedented Stamp of Trust & Value for Money, Enjoys it Onsite Marketing & Sales through its Loyal Word Of Mouth Advocacy. In 2014
we see the Launch of New Projects like Adarsh Palm Acres, APR Lakefront, Adarsh Citrine & the New High end Condo at APR. ORR & Sarjapur a very strong ECBD.
We all work towards in ensuring only one thing & that’s “ Timely Handing Over the Projects “ & “ Ensuring the Customer Happiness Index Improves “ a recent
exercise jointly by the Marketing Department & IMRB also indicating & directing us . To our Total Customer Base of 6500 customers, 2000 customers were acquired
& served in the last 4 years. We have witnessed an increase of 20% from Non- Bangalore markets. 60% are from Pan India, US & UAE, where customization & quality
are still the Key Drivers. IT & ITES Still being the highest contributors for our Villa’s and Apartments at APR & the Local Entrepreneurs’ of South for Adarsh Premia.
Ongoing Investment in Design as the Differentiator , Processes, IT, ERP Training & People with Passion & Sensitivity to Customers , make us Serve Our
CUSTOMERS better as it enhances the BRAND ADARSH & Efficiency Capitol Turnarounds.
Our On-Site Team at all our Projects stands committed in ensuring the we realize the best potential from each team member & serve our customers to our best at
the same time CONNECT the Market Potential to Our Cash Flows .From Great international Condos , to World Acclaimed Sloped Roof Villas to Expansive Lifestyle
2. Apartments & now Moving into the “ Contemporary Designed Villas in yet another Growth Micro Market of North Bangalore adds on to the Width & Depth of
Offerings from the House of Adarsh .
We thank Each Team member who has been contributing in ensuring to the Growth of Our Organization & to the happiness of our Customers by offering our
Integrated Values of Customer Acquisition, Retention, Advocacy, Project Deliverance keeping the spirit of Customization & quality engagement at Project Sites.