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BRANDING ASPIRATIONS

Team:DK^2
XIMB – 2nd Year
Infrastructure – Realty Sector
Mahindra Lifespaces –Brand Key




                                 Rise
Mahindra Lifespaces Presence



                                            Faridabad                                No Projects
                 Central Park
                                                                                     in East India
                                                       Gurgaon




     Fairwinds


     Mahindra                         Mumbai                      Nagpur
     Gardens

     Mahindra                                  Pune
     Park                                              Hydrabad
                                                                                                     Completed Projects
     The Great
     Eastern Link                                     Chennai                                        Current Projects
                                Le-Mirage
     Belverede                                                                                       Upcoming Projects
     Court                                                           Sylvan County

     The Woods
Current Brand Scenario


                                   Brand Recall                                  •   Only 10% of Respondents
           95%                                                                       recalled Mahindra Brand to be
100%
 90%                 74%
 80%
 70%
                                                                                     associated with Realty Sector
 60%
 50%                                    36%
                                                    50%                          •   Mahindra is mainly associated
 40%                             29%
 30%                                                      19%             17%        with Automobile, IT and Farm
 20%                                                            10%
 10%                                                                                 Equipment Sector
  0%




                                                                      •   60% of respondents had
                                                                          never heard of “Mahindra
             Aided Brand Recognition                                      LifeSpaces”
                                                                      •   Only 2% of Respondents
       It's a known brand in                                              knew     about  Mahindra
         Real Estate Sector      2%
                                                                          LifeSpaces.
          Have Heard, but
          don't know much               39%


          Never Heard of it                   60%            Opportunity to Brand Mahindra LifeSpaces

                               0% 20% 40% 60% 80%            Creating the brand image of Mahindra Lifespaces based
                                                              on its brand values
                                                                                                            Source: Primary Data
“Creating a brand should start with an
understanding of your customers and the
  product & service that you provide”

                        - Interbrand
Consumer Segmentation

                The Convenience Seekers                        NRI Families
            Seek convenience in terms of time and
            effort in traveling to work
            Seek an apartment that caters to a couple
            -no kids



                     The Up graders
            Fairly young families with school going            Successful NRIs
            children                                         Second home in India
            Seek conducive environment for a                     Investment
            young, growing family



                                                            Brokers/ Investors
                    The Comfort Seekers
            Older couples with grown up kids
            Seek a locality and surroundings which
            are known and comfortable.
            Close to the extended family



                     Non Compromisers
            Joint families consisting of 4-6 people        Real Estate gives best returns.
            Space constraint is the key trigger.           Buy during booking only to sell
            Change in life stage –Marriages           of     with handsome profits on
            children, growing kids                                  completion
Understanding the consumers - Demographics
                         North                   South                   East                    West
   Profession      Professionals : 82%    Professionals: 65%    Professionals:47%      Self Employed: 47%
       Income      >2 Lacs: 71%           >2 Lacs: 60%          50000-2Lacs: 64%       >1 Lacs: 44%
       Per month


                                  Average Age:           Mid 30-40s (79%)
                                  Family Size:           3-4 members (69%)
                                  Profession:            Private Sector (55%)
                                  Average Income:        More than 1 lac per month (62%)           Tie Ups
                                                                                                  with Banks
100%                                                     100%
                                   13
            33                                                                              42              38
                       41                       44                              52
                                                                    63

50%                                                       50%
                                   87
            67         59                                                                   58              62
                                                56                              48
                                                                    37

 0%                                                        0%
           North      West         East        South              North         West       East           South

                    End Users     Investors                                 Bank Loan     Self-Finance
                                                                                                  Source: Primary Data
Understanding the consumers – Psychographics

100%
                                              79% 81%        82%
                            69%71%         69% 73%                     69%
                         61%      62%
                                                                  52%49%
50%             44%
       31%32%
             24%

                                                                                       Innovation Inside Airport
 0%
       Visit Clubs       Visit Malls         Visit            Air Travel
                                                                                     Advertise through Rental cabs
                                          Restaurants                                     Hi Blitz, Jet Wings
                     North      West       East           South

       100%                                                                                  Mall Activations
                   97%
100%      90%                                                                                Club Activations
                                                                                          Live Concerts Sponsor
             56%         57%                                     56% 60%
                            47% 51%                           49% 47%
50%                            42%
                                           31%
                                                                                          Online Presence to be
                                              19% 21%
                                                 17%
                                                                                             leveraged upon
 0%
          Emails             Facebook          LinkedIn       RealEstate     Air Travel : Atleast once in 1-4 months
                                                                Portal       Malls, Clubs, Restaurants: Atleast once in every 2
             North           West       East      South                      weeks
                                                                                                                 Source: Primary Data
Does ONE Branding Strategy Suit all???
Pen Portrait of Customers - Gurgaon
              Payal(31) and Gaurav Chopra (35)

              Both employed at Executive positions with MNCs. Have one cute little kid.

              Income: Earn more than 32 lacs per annum.

              Lifestyle: They represent the flamboyant, sophisticated face of Gurgaon. Both being at a
              dignified position in their careers, are highly ambitious and motivated for achieving
              success. They are a part of the elite circle who meet at five star hotels or enjoy get-
              togethers at home. They believe in “Work hard and party harder”. International
              vacation once a year is a de rigueur for them. These frequent flyers are enrolled in the
              world class fitness center and lifestyle spa. They like flaunting designer apparel and
              high end cars. 7 months back they bought their first home. They live for the day and
              want the best in life.
Pen Portrait of Customers - Mumbai

              Bhavna (36) and Sarvesh Thuse (42)

              Sarvesh operates a family run business of jewellery while Bhavna is an interior designer.
              Sarvesh is born and brought up in Mumbai while Bhavna hails from Nasik. They have 2
              mischievous kids.

              Income: Earn more than 27 lacs per annum.

              Lifestyle: Represents the self-employed, upper middle class of Mumbai. Spend most of
              their time during weekends by visiting malls and restaurants. Like watching movies and
              live theatre shows. Have a good investment acumen. Own a Honda City and Volkswagon
              Polo. Take their kids for vacation within the country during holidays. Connoisseurs of good
              food. Culturally deep rooted and love celebrating the festivities with their friends and other
              members of the family
Pen Portrait of Customers - Kolkata

               Sasmita(42) and Subhajit Ghosh(48)

               Subhajit works as a senior executive in the Indian Oil Corporation while Sasmita is a
               housewife. Both of them have been married for the last 16 years and have been staying in
               Kolkata since then. Have a 15 year old daughter who is currently in her Standard 9.
               Subhajit’s father also stays with them.

               Income: Earns 10 lakhs per annum.

               Lifestyle: A conservative middle class family. Subhajit is a voracious reader and Sasmita
               is fond of singing. Their daughter also trains for singing and dancing. The couple has left no
               stone unturned to ensure that the daughter gets a conducive environment for her studies
               and therefore a calm and peaceful environment and a flat with a study has been chosen.
               They have a large social circle and meet each other on weekends. Their extended family also
               lives in Kolkata so festivities like Durga Puja are celebrated with them. Possess a mid
               segment car and like to visit a different place once a year during the holidays. A well informed
               family who spends judiciously.
Pen Portrait of Customers - Bangalore

               Neha(41) and Ashutosh Desai (46)

               Ashutosh is the VP of Kotak Mahindra Bank and Neha leads a team in Infosys. They have a
               son who is currently doing engineering in Delhi and a younger daughter who stays with them
               only. A dog named “Goofy” forms an important part of their family.

               Income: Earn more than 27 lacs per annum.

               Lifestyle: The couple basically ensures they derive value-for-money for their major expenses.
               Having said that, they do tend to look for a comfortable life in general. On weekends, they
               catch up a movie with friends and spend some time shopping. At times prefer going on a
               driving spree to nearby places with friends. They possess one car (Hyundai Verna). Both are
               staying in Bangalore purely because of work. They visit their families during holidays. They
               have ensured the daughter receives the best education and so is sent to one of the best
               schools of the city. Both Ashutosh and Neha are ardent cricket buffs and catch up a cricket
               match together not only at their home but also live.
Customized Communication Cue

          Wine & Cheese Parties
          Diwali & Lohri Gifts
  NORTH   Brokers Reward Program
          Mahindra Brand as “Status” Symbol


          Onam Celebrations & Gold coins gift
          Road shows and kiosks
  SOUTH   Golf Club, Electronics City
          Tollywood Actors- Brand Ambassadors


          Durga Puja celebration at site
          Art and Music concerts
   EAST   Football and Cricket events
          Mahindra Brand as “Trust” Symbol



          Fashion Shows
  WEST    Live music and dance shows
          Navratri Celebrations
Customer Purchase Process




                                    Information                                             Till Possession
• Need to purchase                                     • 1 or 2 projects finalized
  home arises                        Gathering         • Visits with friends &
• Talks                 to   • Availability of funds     family                      • Expects regular updates
  friends, relatives, clas     or change in prices     • Price Negotiations            about the project
  sified ads etc             • Friends & Family        • Agreement                   • Interaction experience
• Need       may       be    • Visits Sites            • Down payment/Token            with personnel further
  repressed due to           • Surfs internet            money                         reinforces the decision.
  unavailability of funds                                                            • Tells about experience
                             • Narrows down to
                               few 5-6 projects                                        to other people.
             Need                                                 Decision
          Recognition                                             making
Creating Presence at all Stages


                                                           Decision Making
 Need Recognition           Information Gathering                                   Till Possession Phase
                                                                Phase


      Real Estate Portals          Real Estate Portals         Onsite Experience           Onsite Experience

       Blogs & Forums                                           Sales Interaction
                                        Brokers                                             Referral Program

           Brokers                                           Home loan touch points
                                      Onsite Visits                                         CRM Marketing

   Relatives, Friends, Rece       Events & Activations              Brokers                  Personalized
          nt Buyers                                                                         Communication
                                      Mobile Apps                 Customized
           Events                                               Communications            Friends & Relatives

                                Relatives, Friends, Rece
         Mobile Apps                   nt Buyers                                              Possession


                                           PR

                                  Mass communication
Attention Grabbing and Appealing to Senses

     Pre Purchase

    Events &                                                          Mass
                      Channel Partners     Onsite Experience                              Online Space
   Exhibitions                                                     Communication

                                                                                Post Purchase

                                                                                           Customized
   Possession                CRM           Onsite Experience      Referral Program
                                                                                         Communication




                                         Holistic Experience


            Auditory                Visual                     Touch               Emotional




           Ambient music           Lounge Areas                Sample Flat           Happy to Help
          Refreshing Smell           Pathways                   iPad Apps
Pre Purchase
The Customer
  Pre Purchase              is the KING… treat him as one




       Customer walks into the            Is greeted by the      The guest is escorted to the lounge
                site                         Receptionist        area and refreshments are served
                                                                     while they fill in the form.




 The guest is then taken to the sales    The guest is escorted      The guest is then shown the project
           managers desk                around the sample flat              AV in the AV room.
For home loan details, he is escorted
       to the home loan desk
Onsite Experience

        SALES PERSONNEL INTERACTION
                                                                     CHECKLIST
 Empathy, Warmth & ‘Happy to Help’
 Well informed
                                                     Site Visit Forms
 Interesting Sales tools like iPad, Mobile apps
                                                     Model/Prototype
 Standardization of Sales Attire
                                                     Sample Flat with basic amenities
 Sales Interaction Guidelines
                                                     Sales Pitch
                                                     Floorplans, Brochures, Leaflets, CD Covers
                                                     Carry bags
                                                     AV / Presentations
                                                     Gifts
                                                     Stationary
                                                    (Business cards, Envelope, Letter head etc




                                             Every team member and every element plays a role
                                             to create a memorable experience for the customer.
Reinforcing the Brand
Events and Exhibitions

          Construction Experts Event
          • Organizing an event inviting customers to meet “Architects, Interior
             Designers, Vaastu & Feng Shui experts”
          • Reinforce “green buildings” concept
          • One-Stop-Destination for Home Seekers.
          • Events to engage customers at Company premises for IT companies.

          Exhibitions
          • Increase Brand Visibility of Mahindra Life Spaces by sponsoring realty
             exhibitions
          • Showcase the awards and accolades
          • Attract NRI Customers with direct interaction
          • Communicate through website to prospective participants



                                                      Maximize the        Enhance the
           Do Business          Speed-Up the
                                                         future           Brand Image
           Face to Face         sales Process
                                                        Pipeline
Its about building Relations

                                                                Customers as Brand
                                                                  Ambassadors
                                         Happy Moments at
                                            Possession
                      Customer
                     Relationship
                     Management
     Continuous
   Communication &                                   Project Status Updates
     Engagement                                      Payment Schedules
                                                      Payment
                                                      Acknowledgement
                                                     Birthdays, Anniversaries
                                                     New Project Launches
                                                     Customized
                                                      Communication on special
                                                      occasions
                                                     Organize festivals at site




                                    Communication works for those who work at it.
Its about building Relations

                                                            Customers as Brand
                                                              Ambassadors
                                    Happy Moments at
                                       Possession
                      Customer
                     Relationship
                     Management
     Continuous
   Communication &
     Engagement
                          •
                                                Servicing Enquiries
                                                Service recovery
                                                Customer Portal
                                                A central number for
                                                 complaints




                                    "The purpose of business is to create and
                                    keep a customer.“
                                                                -Peter Drucker
Customer Portal – The Need

        “Jab bhi phone karte hai har baar koi naya aadmi phone uthata hai.
              Aur phir humein sab kuch shuru se batana padta hai.”




                        Pressure on Sales Personnel
                        Ignorance of existing customers in
                        lieu of new customers
                        SAP not user-friendly



                        Customers Expectations for easy
                        and early problem resolution
                        Personalized Problem Solving
                        Approach
Customer Portal

 An interface all the data can be either fetched from SAP or excel and displayed on one
 screen


Customer Profile         Bank Details                Edit Details       Payment Schedule

Name:                    Loan Availed: Yes/No        Address            Date
Contact Number:          Bank Account                Contact Number     Amount
Mail Id:                                             Mail Id            Cheque Number
Current Address:                                                        Status
                          Customer History
PAN Card Details:                                    Grievance
Aura Building No:
Flat no. :                Date of booking
                                                   Make a Complaint
                          Date of Issuance of
                                                   Track complaint
                          Allotment Letter



                    One stop solution for all information
                    Easy and Quick Access to customer Information
                    Reduces Person dependency
                    Customer can also keep a track of each and every transaction
Its about building Relations

                                                            Customers as Brand
                                                               Ambassadors
                                    Happy Moments at
                                       Possession
                      Customer
                     Relationship
                     Management
     Continuous
   Communication &                     A “Thank You” message to be
     Engagement                        sent just after the booking is
                          •
                                       made.
                                      A bag of Goodies
                                      Affordable Segment
                                               – Movie Tickets
                                               -- Dining Vouchers
                                      Premium Segment
                                               - SPA Vouchers
                                               - Mementos
Its about building Relations

                                                                    Customers as Brand
                                                                      Ambassadors
                                           Happy Moments at
                                              Possession
                      Customer
                     Relationship
                     Management
     Continuous
   Communication &
     Engagement                                  Referral Scheme
                          •

                         Entitlement on sales made through your reference:

                         •On the first Sale :             Vouchers worth Rs 10000
                         •On the Second Sale:             Vouchers worth Rs 15000*
                         •On the third Sale and above :   Vouchers worth Rs 25000*

                         Based on completed sales from qualifying referrals within one
                         year period




                         It takes a community to build a brand, not a campaign
Mass Branding

TELEVISION      To Build Corporate Brand across cities
                Associate with relevant Target Group and thus increase Salience
Target Group                 Channels                          Content
Investors, Shareholders      NDTV, CNBC, Aaj Takk etc          TVCs, Tickers & Special
                                                               Editorials
Homemakers, SEC A++          Tata Sky, Videocon, Big TV        TVCs
families
Regional HNIs                Local Channels                    TVCs on Regional channels


                To target upwardly mobile
 PRINT
                To attract the HNIs, Corporate, Investors and Professionals
Target Group                 Channels                           Content
Investors, Corporates        Forbes, TIME, The Economic         Sponsor special editions
                             Times                              Forbes millionaire list
                                                                Fortune 500 companies
Upwardly mobile              India Today, Business World,       Full Page Ads
                             TOI                                Tie-ups and offers
Regional HNIs                Regional Newspaper-The             Full page ads
                             Telegraph, Gujarat Samachar        Teasers
Online Space – Some Hard Facts

                                 •   Mahindra LifeSpace Page Ranks
                                     far behind its
                                     competitors, though the ratio
                                     S&GA expense to Sales is almost
                                     equivanent.

                                 •   Recommendation: Leverage
                                     Online Space aggressively to
                                     engage prospective customers
                                     and generate sales lead
Online Space – Integrating the communication
Online Space

70% of the consumers time is spent online…..            Continuous Dialogue
Positive Social Media Reputation Management is vital    Project Construction Status
                                                       Updates
                                                        Photographs of construction site
                                                        Reviews & Testimonials from
      Segment                       Objective
                                                       customers
 Social Networks       Blogs / discussion forums

                       Sharp focused lead generation
 Horizontals
                       through display ads

 Online PR             Customer Brand Equity

 Search       Engine
                       Lead generation
 Optimization

 Mahindra Website      Brand Building
Buildings- Going Green

 “ When everyone is talking              “It is ethically & morally                  “Kehne aur Sunne mein
   about environment, the                   correct, if we get an option               accha hai par kuch
   concept of green building is             of doing something for                     paise ki bhi bacchat
   a great step towards that”               environment, then why                      honi chahiye.”
                                            not..”




• As per World Green Building Council                        Distribution of LEED buildings
  currently buildings use about 40% of
  global energy and generate up to
  30% of global GHG emissions

• Intergovernmental Panel on Climate
  Change has identified that buildings
  offer some of the most cost
  effective and expedient ways to
  reduce GHG emissions

• Green Buildings can serve as an
  excellent CSR initiative

                                                                 Source: The American society of Heating ,Refrigeration and Air
                                                                 Conditioning Engineers
                                                                 Energy Conservation Building Code, Government of India
Buildings- Going Green

     • In house sewage treatment plant



     • Use of low emissivity glasses with low shading coefficient



     • Use of fly ash based concrete



     • Solar lighting and heating


     • Day light cut off sensors for ext. area lighting at selected areas and timer based sprinklers
       in landscape areas


     • Indoor environment quality(15% more window space against 4% for ordinary building as
       stipulated by ASHRAE1 and ECBC2.
Buildings- Branding
            Hot Air Balloons at the top of towers
            - Distinct visual image for Mahindra Life Space Buildings
            - In tandem with mother Brand’s campaign of “Rise”
            - Easy to recognize – Higher Brand Recall
            - Easy to Locate from distance


            Standard Uniform for working staff at Mahindra Life Space
            apartments
            - Easy to recognize the staff members
            - Training the staff/security guards to be courteous to customers


            Lawns to have Logo of Mahindra LifeSpaces at centre
            - Customers can see the logo from the windows of their apartment
            - Creates a sense of ownership and attachment towards Mahindra
            LifeSpaces

            Recycling of Garbage
            -Promise to recycle the garbage thrown in Mahindra Life Spaces garbage bins
            - Special Garbage collection facility for apartment owners that ensures recycling
            - In tandem with “Green Apartments “ Image of Mahindra Life Space
Buildings- Naming Convention

          Status Conscious             Lakes
           (Constellations)        (Famous Lakes)

           Mahindra Orion        Mahindra Chilka
          Mahindra Aquila        Mahindra Bhimtal
          Mahindra Phoenix       Mahindra Wular




      Aspire for scenic beauty   Modern and Educated
            & Greenery             (English Counties)
             (Flowers)


          Mahindra Iris          Mahindra Berkshire
         Mahindra Tulip           Mahindra Essex
        Mahindra Gardenia          Mahindra Isle
Media Planning
Costing – Marketing Communication

       3.5            Marketing Expenditure                                                           Investment Cost/
                                                        Medium                     Type
     crores            for a single Project                                                              (Rs Cr) Total Cost
                                                                     230 sq cm - 2 Top dailies - 15
                                                        Print Ad                                         2.11       59.6%
                                                                     days a month

      11          Online Marketing Cost –
                                                                     CPM                                 0.06
     Lakhs          Less and effective
                                                                     CPC                                 0.04
                                                         Online                                                     3.1%
                                                                     CPL                                 0.01
                        Allocation to Print                          Mailer                              0.01
     60%                Media Marketing
                                                     TV Commercials 10 second TVC                        0.52       14.7%
                 15%
     3%
4%                                                   SMS Activations Outsourced                          0.02       0.4%

                                                       Exhibitions   Trade Fairs and Exhibitions         0.15       4.2%
      15%                                      60%

                                                     Mall Activations Weekends - 2 Prime Malls           0.10       2.7%

          3%                                              Radio      24 slots/day - 10 sec per slot      0.54       15.2%

     Print Ad               Online                                    Total Cost                            3,54,37000
     TV Commercials         SMS Activations
     Exhibitions            Mall Activations
Going an extra mile…


   SMS <Address> 51515




        Get brochure at
        your doorsteps




      Mr. Ashok Mehta


      Standardized Address   Invitation cards for
             Plates            House Warming
Going an extra mile…




       Mahindra Group
          Synergy       “Tree For Free”
                           Campaign
Thank You

Sincere thanks to all the respondents who
took time to answer our questionnaire and
telephonic interviews. We are extremely
grateful to all the brokers who in spite of
their busy schedules provided us with
valuable market insights.

We would also like to extend our gratitude
to Mahindra War Room, for giving us the
opportunity to participate in an
intellectually challenging competition from
which the learning has been immense.

Team DK2

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Dk2 XIMB - Mahindra Lifespaces Branding

  • 1. BRANDING ASPIRATIONS Team:DK^2 XIMB – 2nd Year Infrastructure – Realty Sector
  • 3. Mahindra Lifespaces Presence Faridabad No Projects Central Park in East India Gurgaon Fairwinds Mahindra Mumbai Nagpur Gardens Mahindra Pune Park Hydrabad Completed Projects The Great Eastern Link Chennai Current Projects Le-Mirage Belverede Upcoming Projects Court Sylvan County The Woods
  • 4. Current Brand Scenario Brand Recall • Only 10% of Respondents 95% recalled Mahindra Brand to be 100% 90% 74% 80% 70% associated with Realty Sector 60% 50% 36% 50% • Mahindra is mainly associated 40% 29% 30% 19% 17% with Automobile, IT and Farm 20% 10% 10% Equipment Sector 0% • 60% of respondents had never heard of “Mahindra Aided Brand Recognition LifeSpaces” • Only 2% of Respondents It's a known brand in knew about Mahindra Real Estate Sector 2% LifeSpaces. Have Heard, but don't know much 39% Never Heard of it 60%  Opportunity to Brand Mahindra LifeSpaces 0% 20% 40% 60% 80%  Creating the brand image of Mahindra Lifespaces based on its brand values Source: Primary Data
  • 5. “Creating a brand should start with an understanding of your customers and the product & service that you provide” - Interbrand
  • 6. Consumer Segmentation The Convenience Seekers NRI Families Seek convenience in terms of time and effort in traveling to work Seek an apartment that caters to a couple -no kids The Up graders Fairly young families with school going Successful NRIs children Second home in India Seek conducive environment for a Investment young, growing family Brokers/ Investors The Comfort Seekers Older couples with grown up kids Seek a locality and surroundings which are known and comfortable. Close to the extended family Non Compromisers Joint families consisting of 4-6 people Real Estate gives best returns. Space constraint is the key trigger. Buy during booking only to sell Change in life stage –Marriages of with handsome profits on children, growing kids completion
  • 7. Understanding the consumers - Demographics North South East West Profession Professionals : 82% Professionals: 65% Professionals:47% Self Employed: 47% Income >2 Lacs: 71% >2 Lacs: 60% 50000-2Lacs: 64% >1 Lacs: 44% Per month Average Age: Mid 30-40s (79%) Family Size: 3-4 members (69%) Profession: Private Sector (55%) Average Income: More than 1 lac per month (62%) Tie Ups with Banks 100% 100% 13 33 42 38 41 44 52 63 50% 50% 87 67 59 58 62 56 48 37 0% 0% North West East South North West East South End Users Investors Bank Loan Self-Finance Source: Primary Data
  • 8. Understanding the consumers – Psychographics 100% 79% 81% 82% 69%71% 69% 73% 69% 61% 62% 52%49% 50% 44% 31%32% 24% Innovation Inside Airport 0% Visit Clubs Visit Malls Visit Air Travel Advertise through Rental cabs Restaurants Hi Blitz, Jet Wings North West East South 100% Mall Activations 97% 100% 90% Club Activations Live Concerts Sponsor 56% 57% 56% 60% 47% 51% 49% 47% 50% 42% 31% Online Presence to be 19% 21% 17% leveraged upon 0% Emails Facebook LinkedIn RealEstate Air Travel : Atleast once in 1-4 months Portal Malls, Clubs, Restaurants: Atleast once in every 2 North West East South weeks Source: Primary Data
  • 9. Does ONE Branding Strategy Suit all???
  • 10. Pen Portrait of Customers - Gurgaon Payal(31) and Gaurav Chopra (35) Both employed at Executive positions with MNCs. Have one cute little kid. Income: Earn more than 32 lacs per annum. Lifestyle: They represent the flamboyant, sophisticated face of Gurgaon. Both being at a dignified position in their careers, are highly ambitious and motivated for achieving success. They are a part of the elite circle who meet at five star hotels or enjoy get- togethers at home. They believe in “Work hard and party harder”. International vacation once a year is a de rigueur for them. These frequent flyers are enrolled in the world class fitness center and lifestyle spa. They like flaunting designer apparel and high end cars. 7 months back they bought their first home. They live for the day and want the best in life.
  • 11. Pen Portrait of Customers - Mumbai Bhavna (36) and Sarvesh Thuse (42) Sarvesh operates a family run business of jewellery while Bhavna is an interior designer. Sarvesh is born and brought up in Mumbai while Bhavna hails from Nasik. They have 2 mischievous kids. Income: Earn more than 27 lacs per annum. Lifestyle: Represents the self-employed, upper middle class of Mumbai. Spend most of their time during weekends by visiting malls and restaurants. Like watching movies and live theatre shows. Have a good investment acumen. Own a Honda City and Volkswagon Polo. Take their kids for vacation within the country during holidays. Connoisseurs of good food. Culturally deep rooted and love celebrating the festivities with their friends and other members of the family
  • 12. Pen Portrait of Customers - Kolkata Sasmita(42) and Subhajit Ghosh(48) Subhajit works as a senior executive in the Indian Oil Corporation while Sasmita is a housewife. Both of them have been married for the last 16 years and have been staying in Kolkata since then. Have a 15 year old daughter who is currently in her Standard 9. Subhajit’s father also stays with them. Income: Earns 10 lakhs per annum. Lifestyle: A conservative middle class family. Subhajit is a voracious reader and Sasmita is fond of singing. Their daughter also trains for singing and dancing. The couple has left no stone unturned to ensure that the daughter gets a conducive environment for her studies and therefore a calm and peaceful environment and a flat with a study has been chosen. They have a large social circle and meet each other on weekends. Their extended family also lives in Kolkata so festivities like Durga Puja are celebrated with them. Possess a mid segment car and like to visit a different place once a year during the holidays. A well informed family who spends judiciously.
  • 13. Pen Portrait of Customers - Bangalore Neha(41) and Ashutosh Desai (46) Ashutosh is the VP of Kotak Mahindra Bank and Neha leads a team in Infosys. They have a son who is currently doing engineering in Delhi and a younger daughter who stays with them only. A dog named “Goofy” forms an important part of their family. Income: Earn more than 27 lacs per annum. Lifestyle: The couple basically ensures they derive value-for-money for their major expenses. Having said that, they do tend to look for a comfortable life in general. On weekends, they catch up a movie with friends and spend some time shopping. At times prefer going on a driving spree to nearby places with friends. They possess one car (Hyundai Verna). Both are staying in Bangalore purely because of work. They visit their families during holidays. They have ensured the daughter receives the best education and so is sent to one of the best schools of the city. Both Ashutosh and Neha are ardent cricket buffs and catch up a cricket match together not only at their home but also live.
  • 14. Customized Communication Cue Wine & Cheese Parties Diwali & Lohri Gifts NORTH Brokers Reward Program Mahindra Brand as “Status” Symbol Onam Celebrations & Gold coins gift Road shows and kiosks SOUTH Golf Club, Electronics City Tollywood Actors- Brand Ambassadors Durga Puja celebration at site Art and Music concerts EAST Football and Cricket events Mahindra Brand as “Trust” Symbol Fashion Shows WEST Live music and dance shows Navratri Celebrations
  • 15. Customer Purchase Process Information Till Possession • Need to purchase • 1 or 2 projects finalized home arises Gathering • Visits with friends & • Talks to • Availability of funds family • Expects regular updates friends, relatives, clas or change in prices • Price Negotiations about the project sified ads etc • Friends & Family • Agreement • Interaction experience • Need may be • Visits Sites • Down payment/Token with personnel further repressed due to • Surfs internet money reinforces the decision. unavailability of funds • Tells about experience • Narrows down to few 5-6 projects to other people. Need Decision Recognition making
  • 16. Creating Presence at all Stages Decision Making Need Recognition Information Gathering Till Possession Phase Phase Real Estate Portals Real Estate Portals Onsite Experience Onsite Experience Blogs & Forums Sales Interaction Brokers Referral Program Brokers Home loan touch points Onsite Visits CRM Marketing Relatives, Friends, Rece Events & Activations Brokers Personalized nt Buyers Communication Mobile Apps Customized Events Communications Friends & Relatives Relatives, Friends, Rece Mobile Apps nt Buyers Possession PR Mass communication
  • 17. Attention Grabbing and Appealing to Senses Pre Purchase Events & Mass Channel Partners Onsite Experience Online Space Exhibitions Communication Post Purchase Customized Possession CRM Onsite Experience Referral Program Communication Holistic Experience Auditory Visual Touch Emotional Ambient music Lounge Areas Sample Flat Happy to Help Refreshing Smell Pathways iPad Apps
  • 18. Pre Purchase The Customer Pre Purchase is the KING… treat him as one Customer walks into the Is greeted by the The guest is escorted to the lounge site Receptionist area and refreshments are served while they fill in the form. The guest is then taken to the sales The guest is escorted The guest is then shown the project managers desk around the sample flat AV in the AV room. For home loan details, he is escorted to the home loan desk
  • 19. Onsite Experience SALES PERSONNEL INTERACTION CHECKLIST  Empathy, Warmth & ‘Happy to Help’  Well informed  Site Visit Forms  Interesting Sales tools like iPad, Mobile apps  Model/Prototype  Standardization of Sales Attire  Sample Flat with basic amenities  Sales Interaction Guidelines  Sales Pitch  Floorplans, Brochures, Leaflets, CD Covers  Carry bags  AV / Presentations  Gifts  Stationary (Business cards, Envelope, Letter head etc Every team member and every element plays a role to create a memorable experience for the customer.
  • 21. Events and Exhibitions Construction Experts Event • Organizing an event inviting customers to meet “Architects, Interior Designers, Vaastu & Feng Shui experts” • Reinforce “green buildings” concept • One-Stop-Destination for Home Seekers. • Events to engage customers at Company premises for IT companies. Exhibitions • Increase Brand Visibility of Mahindra Life Spaces by sponsoring realty exhibitions • Showcase the awards and accolades • Attract NRI Customers with direct interaction • Communicate through website to prospective participants Maximize the Enhance the Do Business Speed-Up the future Brand Image Face to Face sales Process Pipeline
  • 22. Its about building Relations Customers as Brand Ambassadors Happy Moments at Possession Customer Relationship Management Continuous Communication &  Project Status Updates Engagement  Payment Schedules  Payment Acknowledgement  Birthdays, Anniversaries  New Project Launches  Customized Communication on special occasions  Organize festivals at site Communication works for those who work at it.
  • 23. Its about building Relations Customers as Brand Ambassadors Happy Moments at Possession Customer Relationship Management Continuous Communication & Engagement •  Servicing Enquiries  Service recovery  Customer Portal  A central number for complaints "The purpose of business is to create and keep a customer.“ -Peter Drucker
  • 24. Customer Portal – The Need “Jab bhi phone karte hai har baar koi naya aadmi phone uthata hai. Aur phir humein sab kuch shuru se batana padta hai.” Pressure on Sales Personnel Ignorance of existing customers in lieu of new customers SAP not user-friendly Customers Expectations for easy and early problem resolution Personalized Problem Solving Approach
  • 25. Customer Portal An interface all the data can be either fetched from SAP or excel and displayed on one screen Customer Profile Bank Details Edit Details Payment Schedule Name: Loan Availed: Yes/No Address Date Contact Number: Bank Account Contact Number Amount Mail Id: Mail Id Cheque Number Current Address: Status Customer History PAN Card Details: Grievance Aura Building No: Flat no. : Date of booking Make a Complaint Date of Issuance of Track complaint Allotment Letter One stop solution for all information Easy and Quick Access to customer Information Reduces Person dependency Customer can also keep a track of each and every transaction
  • 26. Its about building Relations Customers as Brand Ambassadors Happy Moments at Possession Customer Relationship Management Continuous Communication &  A “Thank You” message to be Engagement sent just after the booking is • made.  A bag of Goodies  Affordable Segment – Movie Tickets -- Dining Vouchers  Premium Segment - SPA Vouchers - Mementos
  • 27. Its about building Relations Customers as Brand Ambassadors Happy Moments at Possession Customer Relationship Management Continuous Communication & Engagement Referral Scheme • Entitlement on sales made through your reference: •On the first Sale : Vouchers worth Rs 10000 •On the Second Sale: Vouchers worth Rs 15000* •On the third Sale and above : Vouchers worth Rs 25000* Based on completed sales from qualifying referrals within one year period It takes a community to build a brand, not a campaign
  • 28. Mass Branding TELEVISION To Build Corporate Brand across cities Associate with relevant Target Group and thus increase Salience Target Group Channels Content Investors, Shareholders NDTV, CNBC, Aaj Takk etc TVCs, Tickers & Special Editorials Homemakers, SEC A++ Tata Sky, Videocon, Big TV TVCs families Regional HNIs Local Channels TVCs on Regional channels To target upwardly mobile PRINT To attract the HNIs, Corporate, Investors and Professionals Target Group Channels Content Investors, Corporates Forbes, TIME, The Economic Sponsor special editions Times Forbes millionaire list Fortune 500 companies Upwardly mobile India Today, Business World, Full Page Ads TOI Tie-ups and offers Regional HNIs Regional Newspaper-The Full page ads Telegraph, Gujarat Samachar Teasers
  • 29. Online Space – Some Hard Facts • Mahindra LifeSpace Page Ranks far behind its competitors, though the ratio S&GA expense to Sales is almost equivanent. • Recommendation: Leverage Online Space aggressively to engage prospective customers and generate sales lead
  • 30. Online Space – Integrating the communication
  • 31. Online Space 70% of the consumers time is spent online…..  Continuous Dialogue Positive Social Media Reputation Management is vital  Project Construction Status Updates  Photographs of construction site  Reviews & Testimonials from Segment Objective customers Social Networks Blogs / discussion forums Sharp focused lead generation Horizontals through display ads Online PR Customer Brand Equity Search Engine Lead generation Optimization Mahindra Website Brand Building
  • 32. Buildings- Going Green “ When everyone is talking “It is ethically & morally “Kehne aur Sunne mein about environment, the correct, if we get an option accha hai par kuch concept of green building is of doing something for paise ki bhi bacchat a great step towards that” environment, then why honi chahiye.” not..” • As per World Green Building Council Distribution of LEED buildings currently buildings use about 40% of global energy and generate up to 30% of global GHG emissions • Intergovernmental Panel on Climate Change has identified that buildings offer some of the most cost effective and expedient ways to reduce GHG emissions • Green Buildings can serve as an excellent CSR initiative Source: The American society of Heating ,Refrigeration and Air Conditioning Engineers Energy Conservation Building Code, Government of India
  • 33. Buildings- Going Green • In house sewage treatment plant • Use of low emissivity glasses with low shading coefficient • Use of fly ash based concrete • Solar lighting and heating • Day light cut off sensors for ext. area lighting at selected areas and timer based sprinklers in landscape areas • Indoor environment quality(15% more window space against 4% for ordinary building as stipulated by ASHRAE1 and ECBC2.
  • 34. Buildings- Branding Hot Air Balloons at the top of towers - Distinct visual image for Mahindra Life Space Buildings - In tandem with mother Brand’s campaign of “Rise” - Easy to recognize – Higher Brand Recall - Easy to Locate from distance Standard Uniform for working staff at Mahindra Life Space apartments - Easy to recognize the staff members - Training the staff/security guards to be courteous to customers Lawns to have Logo of Mahindra LifeSpaces at centre - Customers can see the logo from the windows of their apartment - Creates a sense of ownership and attachment towards Mahindra LifeSpaces Recycling of Garbage -Promise to recycle the garbage thrown in Mahindra Life Spaces garbage bins - Special Garbage collection facility for apartment owners that ensures recycling - In tandem with “Green Apartments “ Image of Mahindra Life Space
  • 35. Buildings- Naming Convention Status Conscious Lakes (Constellations) (Famous Lakes) Mahindra Orion Mahindra Chilka Mahindra Aquila Mahindra Bhimtal Mahindra Phoenix Mahindra Wular Aspire for scenic beauty Modern and Educated & Greenery (English Counties) (Flowers) Mahindra Iris Mahindra Berkshire Mahindra Tulip Mahindra Essex Mahindra Gardenia Mahindra Isle
  • 37. Costing – Marketing Communication 3.5 Marketing Expenditure Investment Cost/ Medium Type crores for a single Project (Rs Cr) Total Cost 230 sq cm - 2 Top dailies - 15 Print Ad 2.11 59.6% days a month 11 Online Marketing Cost – CPM 0.06 Lakhs Less and effective CPC 0.04 Online 3.1% CPL 0.01 Allocation to Print Mailer 0.01 60% Media Marketing TV Commercials 10 second TVC 0.52 14.7% 15% 3% 4% SMS Activations Outsourced 0.02 0.4% Exhibitions Trade Fairs and Exhibitions 0.15 4.2% 15% 60% Mall Activations Weekends - 2 Prime Malls 0.10 2.7% 3% Radio 24 slots/day - 10 sec per slot 0.54 15.2% Print Ad Online Total Cost 3,54,37000 TV Commercials SMS Activations Exhibitions Mall Activations
  • 38. Going an extra mile… SMS <Address> 51515 Get brochure at your doorsteps Mr. Ashok Mehta Standardized Address Invitation cards for Plates House Warming
  • 39. Going an extra mile… Mahindra Group Synergy “Tree For Free” Campaign
  • 40. Thank You Sincere thanks to all the respondents who took time to answer our questionnaire and telephonic interviews. We are extremely grateful to all the brokers who in spite of their busy schedules provided us with valuable market insights. We would also like to extend our gratitude to Mahindra War Room, for giving us the opportunity to participate in an intellectually challenging competition from which the learning has been immense. Team DK2