commune at chandapura anekal road: newsletter
TRANSCRIPT
Page 4-13
Project Progress Update
Page 2 From
Editor’s Desk
Page 1 From
CRM’s Desk
Page 22
CRM Says
Page 20-21
Golden Projects
In this issue
Page 14 Realty Reality
Page 19
We Say You Say
Page 3
Project Brief
Page 15-18 Golden Times
From CRM’s Desk
Team CRM ([email protected])
Commune Properties India P Ltd.
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Golden Gate Properties has been in the industry for close to two decades now. The journey has been full of passion, milestones and long-standing associations. It has been exciting as well as rewarding; rewarding primarily because of our valued clientele.
At Commune, a Golden Gate Group company, we follow the best practices and deliver the best to our customers. In turn, every sign of satisfaction makes us more inclined towards maintaining highest standards of construction and service. In ‘The GOLDedge’, designed to inform and enchant, you can have a glimpse of how the project you put your trust in, has developed during the last month. We value our association with you as you drive us ahead to meet all your expectations and exceed too. Do stay in touch with us to share your opinions and suggestions, and help us excel in this endeavour. We are all ears! Always!
From Editor’s Desk
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Golden Gate has steadfastly remained committed to providing homes to the discerning and quality loving customers; homes where people love to live in as well as witness great appreciation in value over the years. This April saw the launch of another prestigious layout project Golden IRA, by Golden Gate, through its sister concern, Bhagyalakshmi Homes LLP. Golden IRA, just 30 minutes from Hebbal and on the Yelahanka-Doddaballapur expressway, offers customers a unique opportunity to invest and benefit from all that is happening in this area, dubbed as the new Yelahanka in making.
As far as the housing sector is concerned, the year started on a pleasant note with RBI cutting the interest rates on home loans. A lot more people will now be eligible for loans and easy instalments. And since this development is all about the benefit of people, the insights around it were ought to make it to our cover story! Go through the important details in the ‘Realty Reality’ section. At Golden Gate, we love to stay connected to our customers and know their aspirations, feelings and feedback. Reason why we organize customer briefing sessions for all projects at regular intervals. We are delighted to inform you about the three customer briefing meets we organized during the last month. We have ensured those delightful moments of customer interactions, find due mention in the following pages. The inside pages also present the impressive progress of the project you have lovingly chosen for your cherished dream home. We are also pleased to share the details of our other on-going projects, just in case, you don't want your friends to miss out on them. We hope you enjoy browsing through The GOLDedge!
The GOLDedge is published by
Corporate Communication Division of Golden Gate Group
COMMUNICATION EDITOR: Minoo Dhariwal
CREATIVES: B. S. Shashidhar Raghu
PHOTOGRAPHY: Vikram
Project Brief
The Commune is just the sort of luxury a first-time buyer would have dreamt of. It is a self-sufficient, sustainable community spread over 5 acres 14 guntas with a range of designer yet affordable 1, 2 and 3 BHK homes. Located at Chandapur-Anekal Road, it is just 10 minute drive from the Electronic City and well connected to the City via the elevated expressway as well as NICE Corridor.
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Project Brief
MODEL FLAT ENTRY
KITCHEN
LIVING ROOM
BED ROOM
Project Update
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PCC and Footing is completed. Shuttering for the
slab is completed.
As discussed in the client meet on 28th March 2015,
Tower A will be conventional construction and
revised delivery date is May 2016.
Completion of slab concreting
for Basement floor.
Tower A
Project Update
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The Erection of wall panels & slab panels for
Eighth floor is completed.
Finishing work and Basement with respect to
Tower B is in progress.
Completion of Ninth floor erection by 30th of May 2015
Tower B
Project Update
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Erection of wall and slab
panels for Ninth and Tenth
floor by 20th of May 2015
The Erection of wall panels & slab panels for
Eighth floor is completed.
Finishing work and Basement with respect to
Tower C is in progress. Tower C
Project Update
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Production of wall panels for
the 1ST floor of Tower D
The construction of Tower D Stilt roof is 100 %
completed. Casting of first floor wall panels in
progress.
As discussed in the client meet on 28th March
2015 Tower D full-fledged progress will start by
Sept 2015 and delivery date for Tower D is
revised to Oct 2016.
Tower D
Project Update
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Production of wall panels for
the 1ST floor of Tower E
Completion of Stilt floor slab casting.
As discussed in the client meet on 28th March
2015, Tower E full-fledged progress will start by
Sept 2015 and delivery date for Tower E is revised
to Oct 2016.
Tower E
Project Update
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Commune uses Pre Cast technology for its structure. A precast concrete product is a factory-made piece manufactured with concrete which, later, together with other pieces, will become part of a larger structure. Precast concrete elements are prepared, cast and hardened at specially equipped plants with a permanent location.
COMMUNE – EXTREME LONG SHOT
Project Update
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PRECAST PLANT
Project Progress
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SITE PROGRESS
Sl. No Description Unit Qty Completed Qty Balance
1 Tower C
i Eighth Floor Walls Erection % 100 0
ii Eighth Floor Slabs Erection % 100 0
iii Ninth Floor Walls Erection % 20 80
2 Tower B
i Eighth Floor Walls Erection % 100 0
ii Eighth Floor Slabs Erection % 100 0
iii Ninth Floor Walls Erection % 20 80
3 Tower D
i Basement Roof Slab % 100 0
ii Stilt Floor Slab % 100 0
iii First Floor Walls Casting/Erection
% 10 90
4 Tower E
i Basement Walls % 100 0
ii Basement Roof Slab % 100 0
iii Stilt Floor Slab % 100 0
Project Progress
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Tower
Milestone April month Milestone planned for the May month
Reason for delay
if any delay Planned Achieved
A
Completion of slab concreting for Basement floor Incomplete
Completion of slab concreting for Basement
floor
Delay because of
rain
B To complete Erection of 8th Floor Completed To complete erection of 9th
floor NA
C
To complete erection of 8th floor & to start 9th floor Completed To complete erection of 9th
floor & to start 10th floor NA
D
To start production of wall panels In progress
To start production of wall panels and to start erection of wall panels by first week
of June
NA
E
To complete stilt floor slab Completed To start production of wall panels for the first floor NA
APRIL MONTH CONSTRUCTION MILESTONE TRACKER
Project Progress
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TOWER SUMMARY OF PROJECTIONS FOR THE NEXT MONTH
A Completion of slab concreting in Tower A for Basement floor
B Erection of wall and slab panels for Ninth floor at Tower B
C Erection of wall and slab panels for Ninth and Tenth floor at Tower C
D Casting of Wall panels Tower D
E Casting of Wall panels Tower E
PROJECTIONS DATES TOWARDS CONSTRUCTION SCHEDULE
Tower Floor roof precast slab dates
Tower – 2 / B 30th of May 2015 ( Structure Work ) / Ninth floor slab
Tower – 3 / C 20th of May 2015 ( Structure Work ) / Tenth floor slab
Realty Reality
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to affordable housing. The positive impact of this measure is for the borrowers, because they have been finding it difficult to manage the initial down payment. Earlier they were required to meet stamp duty and registration charges which normally go up to about 15 percent of the cost of the house. Many of them will now become eligible to get a loan and buy their dream homes too. Almost immediately after this move, public sector banks cut their base rate by 25 basis points to 10%. This has made floating loan rates in these banks cheaper Inflation is at an all-time low and there is growing evidence that RBI will further oblige to the growing clamour for a rate cut. Interest rates are primarily linked to the Reserve Bank of India's (RBI) liquidity moves, and rise and fall according to the monetary stance of the Central Bank and there is an imminent possibility of home loan rates coming further down in the next few months.
NEW RBI HOME LOAN GUIDELINES LEAD TO AFFORDABLE HOUSING
During the end of last year, something interesting happened in the home loan segment. Not many noticed, since it was not aggressively marketed, but a clutch of prominent banks like HDFC, ICICI, Axis and SBI launched fixed rate home loan products. Traditionally, home loans are floating, which means they are pegged on the current interest rate regime prevailing in the country. In a floating rate, the rate of interest changes with a change in the base rate. A customer's monthly instalment in this case would go up or down with any corresponding change in a bank's base rate. On the other hand, fixed interest rate means the amount of interest charged on the loan never changes; not even if economic conditions change or if the central bank raises or lowers its interest rates. This means a person will have a fixed outgo in terms of monthly instalments. The question now arises as to why banks would suddenly want to offer a fixed rate for home loans when they prefer floating rates. This is due to several reasons, minor among which is the current housing loan growth. Growth in the home loan segment has been sluggish as a slow GDP growth, rising inflation and high borrowing costs have hit the real estate market. Banks now want to sweeten the deal for customers by providing an interest rate that is not very high and also shield them from the volatility of interest rates. To everyone’s surprise, at the beginning of the year, the RBI eased the norms for home loans for up to Rs. 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit, giving a boost
Golden Times
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He has various corporate achievements and recognitions to his credit. This includes making it to the cover of Fortune magazine in a cover story in 1992 during his stint with GE. He will henceforth lead and manage the entire business vertical at Commune. His effective leadership will strengthen the organizational operations and enhance developmental stability. His proven track record in optimization of costs, resources and productivity is expected to take Commune to a new level of evolution and expansion within a very short span of time. We extend a hearty welcome to Sheker on board and promise to bring you more heartening updates as we progress.
Regards,
Sanjay Raj Executive Director
APPOINTMENT OF VERTICAL HEAD AT COMMUNE PROPERTIES
We are pleased to inform you about a very
important development. Sheker Sundhara Rajan has joined as Vice President of Commune Properties India P Ltd. Sheker, a go-getter and doer, brings with him more than 25 years of corporate experience and a 7 year long stint in entrepreneurship, having been exposed to various functions across Operations, Business Development, HR, Sourcing, and Facilities Management among others. These 30+ years include 15 years in the area of Real Estate/Construction/Infrastructure development. He has supported multi-billion dollar business establishments in achieving organisational objectives. He has solid credentials with a proven track record in retaining employees, streamlining various operations and thereby optimising costs, improving operational efficiency, optimising resources and enhancing the overall productivity. He has supported various operations and contributed significantly in enhancing either the bottom line or the top line. Prior to joining Commune Properties, he was CEO at Buniyad Real Estates. Previous stints include 3 years with Inno Real Estates and Vision India as their CEO, 3.5 years at Alliance Infrastructure as their COO, another 3.5 years with American Power Conversion (now APC-MGE) as their Head of HR & Operations for South Asia and an outstanding stint of 7 years with General Electric Company of USA during an MNC hostile environment in India.
Golden Times
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Golden Homes III Briefing Session on April 11th
Commune Briefing Session on March 28th
Have a glimpse of the ‘Golden’ moments & great experiences during the last month
GOLDEN GATE CUSTOMER BRIEFING SESSIONS
Golden Times
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Orchids Briefing Session on April 25th
Have a glimpse of the ‘golden’ moments & great experiences during the last month
GOLDEN GATE CUSTOMER BRIEFING SESSIONS
Golden Times
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Participation at THE HINDU EXPO MANYATA TECH PARK – April 10-12th
Organized Relationship Meet at Golden Corner on April 5th
Organized a Corporate Meet for Employees at Infosys, Mangalore on April 7-8th
GOLDEN GATE EVENTS & ACTIVITIES
We Say You Say
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Criss the Cross
ACROSS 4. It is a landmark ‘lung’ area, located right at the heart of Bangalore city 6. Declared as National Park in 1974, a portion of this park became a biological reserve in 2002 DOWN 3. This stadium has hosted numerous IPL matches for Bangaloreans 1. Most acclaimed amusement park in Bangalore ranked as 7th best in Asia 5. Biggest luxury commercial property pioneered by the chairman of UB Group 2. The Red Garden in English, is a well-known botanical garden in southern Bangalore
Find the names of these completed Golden Projects Mind the Find
Enter the ‘we say you say’ contest by simply playing these two puzzles and taking a screenshot of the page once you are done. Mail it to us at [email protected] and straight you enter the contest. Win exciting prizes every month!
CORNER PALMS BLOSSOM WOODS GRAND SERENITY
Golden Projects
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GOLDEN PANORAMA (SOUTH BANGALORE) KANAKAPURA ROAD
Golden Panorama, true to its name, offers uninterrupted, panoramic views of the scenic, undulating terrain spread across 5 acres of land. With the size ranging from 1210 to 3360 sqft, these are 335 units of 2, 2½ & 3 & 4 BHK luxurious apartments and penthouses that are perfectly located just off Kanakpura Road. A great value for money and a greater home to make your life, picture perfect, Golden Panorama is for everyone who is looking for an eco-friendly luxuriant living.
www.goldenpanorama.in
THE PRESIDENTIAL TOWER (NORTH BANGALORE)
YESWANTHPUR Bangalore’s tallest 50 level residential tower has exceptionally well-designed 3 and 4 bedroom apartments for the accomplished and the discerning. The exclusive 4 and 5 bedroom duplex Sky Villas on the top four floors offer breathtaking views of the city. There is a Skypark on the terrace with an infinity pool, a fitness center and an envious list of lifestyle amenities. Located at the heart of a power hub and luxury destinations with Taj Vivanta, Sheraton Hotel, World Trade Center and the ever-famous Orion Mall in close proximity, Presidential Tower is an unrivalled sublime expression of class and luxury.
www.thepresidentialtower.com
GOLDEN HOMES PHASE III (SOUTH BANGALORE)
SARJAPUR ROAD ATTIBELE CIRCLE Better known as Liberty acres, these heavenly villas will embellish your life with beautifully landscaped parks, blissful water bodies and most modern lifestyle amenities. The elegant design and thoroughly detailed planning make these homes, an integrated housing as well as a smart investment avenue.
www.thegoldenhomes.in
Golden Projects
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ORCHIDS (NORTH BANGALORE) THANNISANDRA ROAD, BEHIND
MANYATA TECH PARK Launched in 2013, Orchids is a spacious, luxurious, visually appealing, IGBC GOLD rated green residential apartment complex, meant for inclusive living. With 167 luxury 2 / 3 / 4 BHK apartments and penthouses having a design that flows from 'outside' into the 'lively and vibrant apartments and common spaces‘ inside, Orchids is a tribute to the yearnings of a tired and isolated city soul.
www.prishaindia.com/orchids.php
GOLDEN IRA (NORTH BENGALURU) DODDABALLAPUR ROAD
A 48 acres Premium Serviced Villa Plotted Development, Golden Ira is meant to offer you not just a piece of land, but a piece of paradise! Having an eco-friendly self-sustainable design, its uniqueness lies in the classic, ethnic architecture blended perfectly with modern amenities. Owing to the fast-paced development in the region, Golden Ira is sure to multiply your joy today and be a great investment for tomorrow.
www.blproperties.in
HANGING GARDENS (NORTH BANGALORE)
OPP MANAYATA TECH PARK, HEBBAL Motivated by one of the Seven Wonders of the World, this is a glorious and an artful tribute to a rich past and a prosperous future. These are fully air-conditioned signature apartments blessed with private Sundecks to create an environment-friendly, residential paradise that provides luxury with a conscience. Enticing outer spaces with an exclusive 11,000 sqft club house and temperature-controlled pool, clubbed with enchanting interiors and irresistible private gardens, Hanging Gardens is a pure extravagance.
www.hanginggardens.in
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Thanks for your kind attention. We also would like to thank you for your extended support on referrals which has boosted our sales and also the commune family base. Our current referral scheme has been responded well and we look forward for more referrals and develop this community of like-minded people. We hope you are well informed about our project’s current status, we would get in touch with you next month with the latest progress update at site. We are here to serve you our best !! With Best Regards Team Commune
For CRM related queries: Bakhtiyar B Sindgi CRM - Head +91 99000 10532 [email protected]
For Sales related queries: Raza Hussain Manager – Sales +91 93419 74157 [email protected]
You can as well reach us at customer support number 8880111333
CRM Says
Commune Properties India Pvt. Ltd. #36, 2nd Floor, Vikas Tower, Castle Street, Ashok Nagar, Bangalore, Karnataka - 560 025. www.thecommune.in
For feedback / suggestions, write to us at [email protected] For enquiries, reach us at 080-6791 5627 or [email protected]
A GOLDEN GATE group company