JANUARY- MARCH 2015 A QUARTERLY UPDATE OF SATYA GROUP
C O N T E N T S NEW PROJECT PM: 1AMENDMENT OF LAND ACQUISITION ACT Essential For Creating Rural Infrastructure 2BUDGET 2015: Govt Gives new tax benefits for REITs, INViTs 3LUXURY RESIDENCES with Home loan at 6.99 %* p.a 4OUR PRESENCE IN MEDIA 5ELEMENT ONE: Construction in Full Swing THE 6 HERMITAGE: Developmental Progress 7PLATINA: Work in progress 8MALWA COUNTY: Construction Updates 9GLITTERING MOMENTS OF 11 Satya Get-Together 2015 HIGHLIGHTS OF 10 Indian Property Fair, Hong kong 2015 HIGHLIGHTS OF GLIMPSE OF 12 Indian Property Fair, Bangkok 2015 Investors Meet Patna, 2015
PM: AMENDMENT OF LAND ACQUISITION ACT ESSENTIAL FOR CREATING RURAL INFRASTRUCTURE The Prime Minister, Narendra Modi said amendment of the existing Land Acquisition Act is essential to enable creation of rural infrastructure including roads, houses for poor, schools, hospitals and irrigation projects. The Prime Minister made a strong appeal to all sections of the Rajya Sabha, to support initiatives of the Union Government that would enable fulfilment of the mandate for development given by the people of India. He also made a passionate appeal to farmers not to be misled by those who were t r y i n g t o p r o j e c t t h e Government's initiatives for development, as being "antifarmer." Source: IIFL Narendra Modi was addressing a large gathering of farmers and people from rural areas, on the occasion of the dedication to the nation of Stage-1 (2x600MW) and laying of Foundation Stone of Stage-2 (2x660MW) of Shree Singaji Thermal Power Project, at Khandwa in Madhya Pradesh. The Prime Minister said the large gathering of people from rural areas, to grace the occasion of the dedication to the nation of a power plant, even on the festival of Holi, shows how committed people are towards the cause of development. The Prime Minister described energy as the key to development. Describing energy as an integral part of modern life, the Prime Minister reiterated his commitment to deliver power to all. He said power generation has gone up by about 11 per cent in the last 9 to 10 months, since the new Government assumed office. The Prime Minister emphasized the importance of saving energy, and mentioned the Government's programme of LED bulbs for homes and street-lighting. Shri Narendra Modi said the Government is committed to curbing corruption, and gave the example of successful auctioning of coal blocks, which would also benefit Madhya Pradesh in a big way. Read more 1
BUDGET 2015: GOVT GIVES NEW TAX BENEFITS FOR REITs, INViTs New Delhi: In a fillip to i n v e s t m e n t s i n r e a l t y and infrastructure sectors, Finance Minister Arun Jaitley rationalised capital gain tax regime for the sponsors of n e w l y - c r e a t e d b u s i n e s s structures REITs and INViTs. In September 2014, market regulator SEBI had notified norms for listing of REITs and INViTs that would help attract more funds in a transparent manner into the real estate and infrastructure sectors. Source: ZEE BIZ "A step was taken in the last Budget to encourage Real Estate Investment Trusts (REITs) and Infrastructure Investments Trusts (INViTs) by providing partial pass through to them," Jaitley said in his budget speech. These two trusts, which can be listed on stock exchanges, would help channelise both domestic and overseas investments into real estate and infrastructure projects in the country. Stating that these collective investment vehicles have an i m p o r t a n t r o l e t o r ev i ve construction activity, the Finance Minister said that a large quantum of funds is locked up in various completed projects which need to be released to facilitate new infrastructure projects to take off. "I therefore propose to rationalise the capital gains regime for the sponsors exiting at the time of listing of the units of REITs and INViTs, subject to payment of Securities Transaction Tax (STT). The rental income of REITs from their own assets will have pass through facility," Jaitley said. Real estate developers and property consultants have been demanding further tax clarity in REITs to ensure the launch of this trust for commercial assets. "In respect of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (INViTs), it is proposed to provide that the sponsor will be given the same treatment on offloading of units at the time of listing as would have been available to him if he had offloaded his shareholding of special purpose vehicle (SPV) at the stage of direct listing," Jaitley said. Read more 2
NEW PROJECT Satya group unveiled a prelaunch offer for its upcoming luxury residences at sector 99A, just off Dwarka Expressway, Gurgaon. The Group, to attract early investors and end users, offered a Convenience Linked Plan with home loan at 6.99%* p.a. only. The project is a creation of acclaimed architectural firm - A R C O P a n d d e s i g n e r Bird's Eye View LUXURY RESIDENCES WITH HOME LOAN AT 6.99 %* P.A. landscaping by International landscape consultant - M. Paul Friedberg & Partners, USA. The project is spread across 10 acres of a gated complex and will feature spaciously spread out 7 towers with modern straight line architecture. It gives the investors the option to choose from apartments and penthouses with special focus being laid on optimum space planning for maximum life. The overall development is a low density living for 493 families as compared to typical group housing projects. The 15,000 sq.ft. grand clubhouse with stateof-the-art amenities and facilities for its residents will ensure a healthy and active lifestyle. The project offers a right balance to the buyers in the form of an emerging location, features and amenities along with the value for money from the investment point of view. The schemes are available with all the leading banks majorly ICICI, HDFC and Punjab National Bank. It is also being offered with a subvention scheme where the buyers need to pay 10% only at the upfront and rest on offer of possession. HIGHLIGHTS OF THE PROJECT 10 ACRES OF SECURED GATED COMPLEX 7 TOWERS SPREAD OUT SPACIOUSLY 87% OPEN SPACE 4 APARTMENTS PER FLOOR *T&C apply Read more 3
OUR PRESENCE IN MEDIA 4
ELEMENT ONE SECTOR 47 & 49, GURGAON CONSTRUCTION IN FULL SWING Image by UHA London High Street Retail & Fully Furnished Serviced Apartments Block B Structure upto 6th floor roof completed Work for 7th & 8th floor roofs in progress JOINTLY PROMOTED BY As on 25-03 - 2015 Know more The details above indicate the broad progress, and in no way, whatsoever, is connected to financial implications. 5
THE HERMITAGE Sector-103, Gurgaon DEVELOPMENTAL PROGRESS Artistic impression Tower Status Tower Status The Hermitage rated amongst top 15 residential projects in Gurgaon by Estate World 2013 T3 T4 T5 Structure & block work completed, internal & external plaster in progress Structure & block work completed, internal & external plaster in progress External plaster completed, internal plaster in progress. Tower being readied for internal finishing T6 T7 T8 External plaster completed, internal plaster in advanced stage Internal & external plaster completed, wall & floor tiling and interior finishing in progress Internal & external plaster completed, wall & floor tiling and interior finishing in progress As on 25-03 - 2015 External service works in progress Know more The details above indicate the broad progress, and in no way, whatsoever, is connected to financial implications. 6
PLATINA WORK IN PROGRESS Artistic impression Premium air-conditioned 3/4 BHK apartments Tower T1 T2 Status Structure completed, Block work and internal plaster in progress Structure completed, Block work and internal plaster in progress As on 25-03 - 2015 Know more The details above indicate the broad progress, and in no way, whatsoever, is connected to financial implications. 7
CONSTRUCTION UPDATES Actual image 110 Acres Integrated Township at AB Bypass Road As on 25-03 - 2015 Know more The details above indicate the broad progress, and in no way, whatsoever, is connected to financial implications. 8
GLITTERING MOMENTS OF SATYA GET-TOGETHER 2015 9
HIGHLIGHTS OF INDIAN PROPERTY FAIR-HONG KONG TH TH 7-8 MARCH, 2015 10
HIGHLIGHTS OF INDIAN PROPERTY FAIR-BANGKOK ST ND 21-22 MARCH, 2015 11
GLIMPSE OF INVESTORS MEET, PATNA TH 15 MARCH, 2015 12
STRONG PRESENCE IN DELHI - NCR AND CENTRAL INDIA DELIVERED 7 MILLION SQ. FT.* FOUR DECADES OF BUILDING TRUST THE GALAXY, GURGAON 5 - Star Hotel, Shopping & Spa, Sector 15 THE LEGEND, GURGAON Luxury Residences, Sector 57 CENTRUM PLAZA, GURGAON Premium Office Complex, Sector 53 MALWA COUNTY, INDORE 110 Acre Integrated Township, AB Bypass Road CITY CENTRE, BATHINDA (Pb) Shopping cum Entertainment Centre, Civil Lines RESIDENTIAL RETAIL COMMERCIAL TOWNSHIP HOSPITALITY SATYA DEVELOPERS PVT. LTD. Regd. Office: 34, Babar Lane, Bengali Market, New Delhi 110 001 Corporate Office: Plot No. 8, Sector - 44, Gurgaon, Haryana - 122002 T: +91 124 4989300 Toll free: 1800 3000 4441 F: +91 124 4989366 info@satyadevelopers.com SMS 'SATYA' to 53030 www.satyagroups.in An ISO QMS 9001 : 2008, EMS 14001 : 2004 & OHSAS 18001 : 2007. Certified Group Follow us on *By the promoters