Sanghvi Chronicles Jan - March 2013 - Year 2, Issue 5, Mumbai, Pages 10 Volume : 05 SANGHVI GROUP BAGS REDEVELOPMENT PROJECT OF THE YEAR AWARD -2012 Page 3 SANGHVI GOLDEN CITY Sanghvi Group launches Sanghvi Solitaire at the suburb of gardens - Borivali (E) Atgaon (E) Page 4 Page 2 SANGHVI GROUP WINS MCHI CRICKET CUP Page 5 JITO BYCULLA CHAPTER INAUGUARTION Page 6 Sanghvi Sanghvi Chronicles Chronicle is the voice is theofvoice Sanghvi of Sanghvi Group.Group. Feel free Feel to free sendtoinsend articles in articles and suggestions and suggestions on divyaljogal@sanghvigroup.co.in. for the next issue. We look forward We look to forward hear from to you. hear from you.
1 TRENDS IN REAL ESTATE HUGE RESPONSE TO MCHI CREDAI 21ST REALTY EXPO The MCHI CREDAI 21st realty expo was held at the MMRDA grounds, BKC from 11th to 14th April. The exhibition showcased over 15,000 properties by 102 developers across Mumbai Metropolitan region (MMR), Thane, Navi Mumbai, Pune, Bangalore, Ahmedabad, Hyderabad, Chennai and several other locations. The expo titled Mumbai makes me Happy ; where dreams come true witnessed 90,000 potential buyers. LOCAL BODY TAX The Maharashtra government has formally abolished Octroi in Thane, Navi Mumbai, Nagpur, Pune and Pimpri Chinchwad municipal corporations from April 1st replacing it with Local Body Tax (LBT). The government also announced that LBT would be introduced in Mumbai's civic body where the annual Octroi duty collection is about 7000 crores from October 1. LBT has already been introduced in 20 out of Maharashtra's 26 civic bodies. -Business Standard MMR CLUSTER REDEVELOPMENT TO HAVE FSI OF 4 All layouts of 4000 sqm or one acre will now be able to avail four times the total build up space currently permissible. Chief minister Prithviraj Chavan formally declared in state legislature of government's decision to offer a floor space index (FSI) of 4 for all cluster redevelopment projects in the Mumbai metropolitan region. The region includes residential hubs such as Thane, Kalyan Dombivli, Ulhasnagar, Navi Mumbai, Vasai Virar and Ulhasnagar. -DNA REDEVELOPMENT IN MUMBAI SHOULD BE PUSHED With availability of land in Mumbai drying up, real estate experts believe redevelopment is the only way forward for the megapolis. Availability of land is scarce. Due to sky rocketing land prices and limited expansion possibilities, redevelopment has become need for hour says Nikhil Bhatia, head of real estate consutant CB Richar Ellis. Jones lang lasalle India chairman and country head Anuj Puri argues that If used correctly redevelopment can be an economic engine. It also helps in boosting property value, creates jobs and eliminates urban decay and improves infrastructure. -Free Press MAHARASHTRA TO REVIEW STAMP DUTY FIXATION PROCESS The government of Maharashtra has proposed to change the method of fixing ready reckoner rates (RR) in the state. Revenue minister Balasaheb Thorat told Business standard I received representations from various sections to amend the process to determine RR rates. Some say the RR rates are low when compared to the market rates while the other view the RR rates are quite high which further lead to rise in property price He said that department panel will look into the issue and suggest a new process which could take effect from next year. -Business standard DEMAND UP FOR 1-BHK HOMES Single working individuals and newly-married couples, trapped in an environment of rising property prices, uncertain job market and a gloomy macro-economic scenario, are reconsidering the option of buying the more affordable one-bedroom apartments in Mumbai.. Property developers, who too stayed away from this segment due to lower margins, have sensed a change in mood and have spotted an opportunity in this unfancied one-bedroom category. -Economic Times
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3 SANGHVI GROUP'S PROJECT BAGS REDEVELOPMENT PROJECT OF THE YEAR AWARD -2012 Shree Mohankheda Heights, Ghodapdeo (Mazgaon) honored at the National real estate awards by Accommodation times. Sanghvi Group bagged the Redevelopment project of the year- 2012 for its project Shree Mohankheda Heights, Mazgaon at the National real estate awards function by Accomodation times at Nehru Centre, Worli held on 21st March. Shree Mohankheda Heights standing tall at Ghodapdeo, Mazgaon near Byculla zoo redefines the standards of living of its tenants providing them with all conveniences Shri Prithviraj Sanghvi and Shri Ramesh Sanghvi Director Sanghvi Group, receiving the award from Shri Niranjan Hiranandani- MD Hiranandani constructions, Shri Azam Pansare State minister consumer welfare Govt. of Mahrashtra and Shri Paras Gundecha-President MCHI. and utilities. This 22 storied tenant building is redeveloped under 33/7 scheme and the possession was handed over with all the amenities and along with municipal water connection and occupation certificate in a short span of 2 years. The project provides residences/shops to 165 tenants. C o m m e n t i n g o n t h i s accomplishment Shri Shailesh Shri Ramesh Sanghvi, Shri Shailesh Sanghvi and Shri Rakesh Sanghvi with the project team of Shree Mohankheda Heights Sanghvi- Director of Sanghvi Group said, Majority of buildings/chawls across the city are quite old and in a dilapidated state, leading to this unrest amongst its residents. Redevelopment opens up new avenues and gives such residents a chance to refurbish their existing residential Shri Prithviraj Sanghvi,Shri Ramesh Sanghvi, Shri Shailesh Sanghvi and Shri Rakesh Sanghvi along with Shri Pakshal Sanghvi and the tenant committee of Shree Mohankheda Heights at the award function. complexes to upkeep their changing lifestyle and needs. When we started planning for Shri Mohankheda Heights, the biggest challenges before us were the timely approvals and execution of the project as per plan and commitments to tenants. The foresight and hardwork of our team, the architects and consultants made things easy to achieve and the 22 storied building stood in a short span of 2 years with all the amenities. The tenant support which we received here was noteworthy, with such support it becomes an easy task and a key factor to bring the dream project into existence in the committed period. I thank Tenant building of Shree Mohankheda Heights, Ghodapdeo (Mazgaon) from the bottom of the heart to all those who have supported in making this project. The Group has a trusted experience of 14 years in redevelopment and provided homes to 5000 tenants. Redevelopment for more than 5000 tenants is in pipeline at Byculla, Shree Mohandkheda Heights, Ghodapdeo (Mazgaon) (Sale bldg photo) Tardeo, Lower Parel, Worli, Malad, Chembur and Ghatkopar.
4 ST 1 TOWNSHIP AT ATGAON SANGHVI GOLDEN CITY GOLDEN CITY A T G A O N - S H A H P U R now offering yet another desirable project. Speaking on the pre launch occasion, Shri Rakesh Sanghvi, Director Sanghvi Group says Atgaon is an upcoming suburb and in a bid to offer qualitative housing, it will become the preferred residential destinations giving holistic lifestyle experience. We want to provide quality and spacious homes for the common man, which is a dream in Sanghvi Group is a recognized name in budget homes category known for its premium construction. Their townships have been identified as landmark over the years. The group's vision and experience in the requirements of an integrated townships have helped them build magnificent premises at Mira Road, Nalla sopara, Thane, Kalwa, Dombivali, Kalyan and Asangaon. With achievements of 12 townships under their belt, Sanghvi group are this space constraint city of Mumbai. The state of art amenities and the beautiful architecture makes the project to stand exclusive Sanghvi Golden city is truly township worthy of amenities. The project is just 1 minute away from Atgaon (e) railway station and off NH3 Highway. The project is meticulously planned over sprawling 20 acers of land that includes 1,2 and 3 BHK flats, shops. Competitively priced with amenities like temple, proposed primary school, medical facility, Gymnasium, Net cricket, Badminton court, specially designed games for children, club house, community hall, jogging track with 25,000 sq.ft. of Green spaces giving you and your family a space to spend time together. Further the project's close proximity to Manas Mandir, Hidden village Resort and Bhatsa River, Igatpuri and Manas mandir makes it a preferred destination for holistic living in the lap of nature. Expansive connectivity for the future is ensured as the roads and the rail network is escalating at fast pace and within a short time, the project would become a TEMPLE 25000 SQ.FT. GREEN SPACE BADMINTON COURT GYM AMENITIES CLUB HOUSE JOGGING TRACK MULTIPURPOSE HALL NET CRICKET LANDSCAPE GARDEN WITH PLAYING EQUIPMENTS valuable gem amongst the properties available in nearby areas of Mumbai suburbs and Nasik, due to its ideal location. Sanghvi Group has set the pace of developments wherever they have launched their prestigious projects. The driving force behind this continued success remains that all properties by Sanghvi Group are within affordable budgets and premium make which makes lucrative avenues.
5 PROJECT WATCH SANGHVI GROUP WINS MCHI THANE CRICKET TOURNAMENT CONSECUTIVELY FOR THE FOURTH TIME Continues the legacy by winning over Mittal group in the final match by 8 runs. For the fourth consecutive year, Sanghvi Group of Companies won the 5th Annual MCHI Thane Cricket Tournament held at Dadaji Kondev stadium in Thane held recently. The event commenced with the toss in the presence of Founder President MCHI Thane - Mr.Mukesh Savla, and Secretary of MCHI Thane - Mr.Jitendra Mehta Sanghvi Group moved ahead for finals with Mittal Group after victorious matches with Times of India, Acme Group and Marathon Group. Commenting on their victory, Mr. Rakesh Sanghvi, Team Captain and Director Sanghvi Group of Companies said, We are overwhelmed with the fourth victory in line and I thank all my players for their fighting spirit. Apart from entertainment, this event also serves to foster good will and better relationship among the teams. The event was very well organized by MCHI Thane. Sixteen teams belonging to the developer fraternity participated and showcased their true sportsman spirit. These nail biting matches were witnessed by over 2000 viewers in the stadium. Shri Shailesh Sanghvi and Shri Rakesh Sanghvi - Directors Sanghvi Group participated in the match Shri Shailesh Sanghvi and Shri Rakesh Sanghvi receiving the trophy
6 JITO BYCULLA CHAPTER INAUGURATED WITH A HUGE SUCCESS AND TURN OUT New committee of JITO Byculla chapter Byculla Chapter of the Jain International Trade organisation (JITO) was launched on 24th March.The inauguration ceremony took place at Yogi Sabhagrah Dadar in the presence of JITO Apex committee, Founder cheif patrons, Shri Rakesh Sanghvi, Chief Secretary of the new committee speaking at the event. members of JITO and people from Jain community at large. The chief guests at this event, Shri Jayantikumar Banthia IAS Chief secretary, Govt. of Maharashtra, Shri Justice K.K.Tated High court judge and Shri P.K.Jain (IPS) Addl. DG SPL. Operation inaugurated the new chapter by lighting a lamp. Speeches were given by the eminent personalities and the newly formed committee took oath in the presence of members. Shri Sankalchand Sanghvi, Chairman Sanghvi Group and Founder member of JITO was appointed as Vice chairman and Shri Rakesh Sanghvi, Director Sanghvi Group and patron member of JITO was appointed as Chief Secretary of the new committee of Byculla. Shri Shailesh Sanghvi Director Sanghvi Group and patron member of JITO was also present on this occasion. Shri Rakesh Sanghvi expressed in his speech We are thankful to the APEX committee for their support and contribution in initiating this new chapter. Today innovation is a need of every business and hope that together we can reach many more milestones in future The event was a grand success witnessing 200 visitors and marked the beginning of a new endeavour. This chapter covers the region from JJ to Sion,Worlinaka to Bandra Mahim-Matunga and Dadar. JITO main chapter and all its affiliated chapters are committed to develop value based education, knowledge institutions, economic empowerment and to have spiritual awakening to perpetuate the Jain principles of non violence, noble charities and have peaceful world with compassion towards all living beings. The vision is to become a world class organization of all Jains united to achieve higher economic prosperity and to take care of the underprivileged and to enrich humanity with violence free, poverty free and disease free world. Shri Rakesh Sanghvi, Shri Sankalchand Sanghvi, Smt.Bhavaridevi Sanghvi and Shri Shailesh Sanghvi at the event.
7 JITO MUMBAI ZONE WINS LAKSHYA CORPORATE SUPER 8 CRICKET TOURNAMENT CHALLENGE CUP JITO Mumbai zone has won the corporate super 8 cricket tournament challenge cup organized by Lakshya (a not profit organization) in collaboration with Cricket club of India (CCI) held on 9th March 2013 at one of the most distinguished venue The Brabourne stadium, Mumbai under the able stewardship of famous former cricketer Mr.Kiran More. Chief guest at this event was the famous cricketer Mr.Irfan Pathan. In all 9 coporate teams participated under 3 groups. Team JITO in their 2 league matches, semi-finals and finals lost only 2 wickets (4 matches).the opponent teams Morgans Stanley, Reliance Capital, GVP Killers and host Cricket Club of India (CCI) lost almost all wickets. The team was led by Mr.Nitin Shah with support of other JITO members Shri Ajay Jain (CA), Shri Alkesh Shah, Shri Rachit Jogani, Shri Uday Shah and Shri Vishal Kothari (Wicket keeper). Mr. Ankit Chopra, left handed opening batsman was declared not only Man of the Match but Man of the Series for his tremendous overall performance and received these awards at the hands of famous Cricketer Mr. Irfan Pathan. Shri Shailesh Sanghvi Director Sanghvi Group and patron member of JITO was also a part of the winning team. The whole tournament was cheered by JITO members. The event also offered fun games for women and children testing their skills in cricket and a few fun activities by Club Mahindra. THE WINNING TEAM
8 MEDIA HT Estate 9th feb pg 2 16th feb 13 -Times prop pg 7 HT MAIN 11th Feb 2013 pg 15 Midday Hot Prop 1st feb 2013 pg 3
9 MEDIA Midday hot prop 22-feb-13 DNA 16-2-13 09.03.12 Devdutt pg 29 HT Estate 9th feb pg2
10 ONGOING PROJECTS Sanghvi Group has played a key role in offering a diverse range of projects in Affordable, Redevelopment, Luxury and Second Homes segments across the Mumbai metropolitan region and neighboring areas.. Over past 30 years, Company has effectively leveraged its knowledge, experience and expertise to create and deliver projects that meet specific requirements. AFFORDABLE Sanghvi Group is a brand that stands for affordability, convenience and comfort. During the inception stage, the group identified the need for affordable housing and has realized that there is always going to be a need for affordable housing. Sanghvi Paradise Asangaon (E) Shankheshwar Nagar Dombivli (E) Sanghvi Hills Thane (W). Sanghvi Valley Kalwa (W) REDEVELOPMENT AND LUXURY With a trusted experience of 12 years in redevelopment Sanghvi Group gives solution to the city's housing woes. When a structure goes into redevelopment, it not only provides a roof to a higher number of people, but even better amenities which in turn enhance the standard of living. REDEVELOPMENT AND LUXURY Sanghvi Group has been a pioneer in developing projects that cater to the demands and requirements of niche segments. We have always been passionate about providing unprecedented luxury housing projects, with a vision to build better lives through innovative solutions and the best value for money. We have meticulously planned each detail so that each home makes a statement. Shree Mohankheda Heights Ghodapdeo, Mazgaon. Sanghvi Solitaire Borivali (E) Sanghvi Ecocity Near Dahisar Check Post COMMERCIAL Identifying the aspirational needs of the commercial segment, Sanghvi Group look forward to cater to a market segment that wish to have their own office spaces and shops associated with convenience. SECOND HOMES Sanghvi Jewel Malad (W) Sanghvi Group strategically decided to cater to the second home segment and opted for Lonavala which has emerged as a prime second home location over the years. Sanghvi Nisarg Lonavla