RAHEJA CHRONICLES€¦ · Fostering an ambiance of kinship, Odyssey is the sole residential...

C H R O N I C L E SR A H E J A

Volume 1, JUNE 2017

Founded in 1980, Raheja Universal Pvt. Ltd has been

transforming and redefining the Mumbai skyline for over 35

years with development of more then 8.34 million square

feet of space across 53 projects. Our strive for excellence

has won us pres�gious awards including Consumer Super

Brand Award (thrice) and helped us gain recogni�on over

the years. This fascina�ng journey is the tes�mony of your

deep sense of trust in Raheja Universal.

Legacy is not created instantly,it is nurtured with time & proficiency

CHRONICLESRAH EJA

FROM THE CHAIRMAN’S DESKINSIDE THIS ISSUE

Our journey is reflected in the projects that we have delivered from time to time,

and the ones which are presently being developed. Each challenge has only made

us more determined to continue towards our goals following our belief.

Over a period of time, our beliefs have also started driving the culture of our

organisation. This has pushed us towards developing the path-breaking projects

on one hand, and has also driven collaboration and integrity in all, dealing with all

stakeholders on the other. The challenges have encouraged constant learning and

pushed the team to satisfy our customers.

As a company, we want to be amongst the best in the industry. Our projects

signify this journey and the culture of the organisation. With a committed and

inspired team, we continue our journey to satisfy all our stakeholders.

Suresh Raheja | Chairman

Raheja Universal (Pvt.) Ltd. (RUPL)

“ ”WE AT RAHEJA UNIVERSAL HAVE ALWAYS BELIEVED

IN CONTINUOUSLY EVOLVING

Volume 1 - June 2017 -

3 FEATURED PROJECT

5 PROJECT STATUS

Ÿ Imperia

Ÿ Ridgewood

Ÿ Exo�ca - Sorento

Ÿ Reflec�ons - Odyssey

Ÿ Waterfront

Ÿ District II

Ÿ District I

19 EVENTS & ACTIVITIES

Ÿ India Connect Dubai

Ÿ Broker Meets at Raheja Exo�ca

Ÿ CBRE Propfair Navi Mumbai

Ÿ The Times Property Expo Mumbai

21 BUILDING CULTURE

Ÿ Diwali - 2016 Celebra�ons

23 BUILDING CAPABILITY

29

25

REGULATORY UPDATES

QUARTERLY HIGHLIGHTS

Ÿ Real Estate Regulatory Act (RERA)

31 RAHEJA LIFESCAPES

Ÿ RahejaCare

Ÿ RahejaLive

A Pean Of PerfectionA Pean Of PerfectionA Pean Of Perfection

FEATURED PROJECT

Shot On Location

Shot On Location

Spacious privacy, mesmerizing views, exemplary design, and the tranquillity

of quietude crafted to suit the palate of the über being. Exceptionality is the

norm and uniqueness colours the very ambiance of Arbour

The magnificent lobby transports you into a reverie. With a car lift, private

elevators, and segregated servants elevators, this standalone property

emanates the ethos of savoir vivre.

Raheja Arbour is now available for Leave and License

Volume 1 - June 2017 - -4

Raheja Imperia is constructed on a virgin plot, implying that

you get absolute privacy and unmatched luxury. The coveted

Raheja Imperia comes in 3, 3.5, 4, 4.5 (duplex) and 5 BHK

configurations with amenities that are at par with

international standards. The entire project has 4

demarcated zones, with 30 amenities and spread across 1

lakh sq.ft, promises to take care of individual needs of every

family member.

It comes free of public car parking, SRA or rehabilitation

requirements, which means that the benefits of the facilities

are solely yours to enjoy! A non-sharing space in a densely

populated city like Mumbai.

This project offers exquisitely lavish benefits and is all set to

redefine the concept of luxury living in India. If home is where

the heart is, then make sure yours is set on the extravagant

and grand Raheja Imperia.

PROJECT STATUS ONGOING PROJECT

Volume 1 - June 2017 - Page 5-6

Shot On Location

Shot On Location

Rendered Impressions


Rendered ImpressionsShot On Location

Shot On Location

Raheja Ridgewood is strategically located & centrally

connected for optimal convenience. Minutes away from the

Western Express Highway, JVLR, and Goregaon station, the

location ensures an ETA that defies distance.

Multiple enterprises have made Goregaon (E) their base of

operations with many others following suit, making it a

strategic region and an imminent commercial hotbed.

At the intersection between work and recreation, Raheja

Ridgewood encompasses the ethos of modern living. Dive

into the pool or grab a bite to eat at Café Laguna, the spaces

emphasize everything on demand.

Surrounded by convenience, embrace the lifestyle.

Shot On Location Shot On Location Shot On Location

CONNECTED BY CONVENIENCE,POWERED BY LIFESTYLE

READY PROJECT




CLUB RIDGEWOOD

Built as a complete township of over 30 acres, Raheja Exotica

is a Gated Community, in Madh, surrounded by the sun, sand

and the sea. At Raheja Exotica, you’re wrapped up in the

confines of luxury and nature, and with a host of services at

your beck and call, including a splendid operational

clubhouse and many more.

The ready twin towers of Raheja Exotica Sorento rise above

36 storeys into the sky with 376 apartments, spacious and

perfectly styled in configurations of 2, 3 & 4 BHK apartments

that promise to give you a spectacular view of the calm and

peaceful Arabian Sea.

Raheja Exotica is just 10 minutes by ferry from Versova and

once the Coastal Road & the Versova-Madh connecting

bridge are completed, the travelling time would reduce even

further!

PLEASURE OF AN ISLAND CONVENIENCE OF THE CITY.

Shot On Location Shot On Location Shot On LocationShot On Location

READY PROJECT



Fostering an ambiance of kinship, Odyssey is the sole residential building offering

exclusively 4 BHK residences in Kandivali.

With spacious homes, unparalleled panoramas, & a 49 ft. open-air deck that doubles up

as a private skywalk in the clouds, luxury begins at home. Overseeing the majestic

wilderness as the forest expands beyond the horizon, discover the lavish appeal of stature

amid the choicest of amenities.

The rooftop infinity pool ensures serenity under the stars, while the professional

residents’ spa nurtures a rejuvenating ambiance. With added amenities at the Raheja

Reflections Clubhouse, convenience is inherent, but indulgence is imperative.

STEP INTO ENDLESS LUXURY

READY PROJECT


Shot On Location Shot On Location

Shot On LocationShot On Location

Shot On Location


Raheja Waterfront at Kulai has set new standards of luxury in the residential zone

of Mangalore. With acres of sheer opulence, this ultimate residential destination

is ready to take over the scenic coastline of Chitrapura Beach.

Due to its ideal geographical location, today Mangalore is easily accessible by all

major forms of transport. The city, which has a decent population working or

staying abroad, has daily connecting flights to major cities across the world. The

project offers a speedy connectivity to all corners of the city!

Homes loans have also been approved by major financial institutions like HDFC

Ltd, Axis Bank, ICICI Bank, Corporation Bank, Syndicate Bank, Saraswat Bank

and Indiabulls Home Finance.

It’s time to feel the extravagance with a luxurious life by the beach, only at Raheja

Waterfront.

Shot On Location

Shot On Location

Shot On Location Shot On Location

EXPLORE A NEW WAY OF LIVING

READY PROJECT






Raheja Universal’s Industrial Park - Raheja District II, is what

we call ‘The Destination Industrial Park’. Raheja District II is

one of the first industrial parks approved by MIDC that

boasts state-of-the-art and well-planned industrial units

that are scalable to specific requirements, and are perfect for

micro, small and medium enterprises.

It is perfectly located, that puts it within easily navigable

distances to train networks, ports, airports, city hotspots,

residential & commercial areas, InfoTech parks &

convention centres. The project offers best of features &

facilities that will help MSMEs bridge the gap between good

& great.

Raheja District II has been tailored to meet the growing

needs of a diverse range of industrial businesses and is the

only industrial park which offers comprehensive facilities.

THE DESTINATIONINDUSTRIAL PARK

READY PROJECT - EDISON A



Raheja District I is a flagship project by Raheja Universal.

Space strategically planned for IT/ITES, Financial Service

Institutions and other business organisations for their

primary / secondary office. The development would include

support services like retail, recreation, and entertainment in

a Town Centre that comprises of a Convention Centre, Food

Court and other such amenities. RD-I is spread across an area

of approximately 68 acres and will be one of the largest

integrated corporate cities in the MMR region. It will also

house the eminent World Trade Center, Navi Mumbai.

J U I N A G A R , N A V I M U M B A I

A place to do business in style, the IT Tower gives you a

central location and convenient connectivity in the city. The

project would encompass world class amenities and

excellent infrastructure to cater to the requirements of

business houses and consumers, with ample amount of

convenient parking for you and your clients. An iconic glass

facade building that would demand attention from all

around with optimized views , Apollo (IT 1) is located on the

South East side of Raheja District I, next to the proposed

Arena (Mall-1). So you can take a break, grab some coffee -

whatever you need, just outside the door.



FORTHCOMING PROJECTS

Apollo (IT 1)


Artist Impression

EVENTS AND ACTIVITIES

One of the most awaited events of the year - The Times

Property Expo Mumbai, was held at the Sahara Star

Hotel, Mumbai, from 18�� to 20�� November 2016. As a

Diamond Sponsor of the 3 day event, Raheja Universal

put its best foot forward and showcased its entire gamut

of ongoing projects! A very well received event, with over

30 renowned & well-reputed developers, Raheja

Universal successfully left its mark.

INDIA CONNECT -

DUBAI

Raheja Universal showcased its ongoing projects in

Dubai, at The India Connect Expo, at JW Marriott, Deira,

Dubai, in Feb 2016. This was the perfect opportunity for

NRIs and PIOs to own a home in India, with the country’s

best developers showcasing their projects at this 2 day

event.

CBRE PROPFAIR -

NAVI MUMBAI

Held by CBRE, the Propfair at CIDCO Exhibition Centre

Navi Mumbai, was a great platform where Raheja

Unviersal, along with the country’s best developers

participated and showcased their best projects. A

successful event which received a tremendous

response.

BROKER MEETS -

RAHEJA EXOTICA

MUMBAI

Raheja Universal organised various ‘Channel Partner

Workshops’ at Raheja Exotica. Members of Real Estate

Agent’s Association of Kandivali, The Realtor ’s

Association, GEAWA, Malad Estate Agents Association

and many more, attended these meets at the splendid

Club Exotica, for the meet-and-greet and networking

sessions.

THE TIMES PROPERTY EXPO - MUMBAI


DIWALI CELEBRATIONS 2016

Diwali is the Indian festival of lights. Diwali is the time of the year when all are celebrating around us.

At RUPL, we have a tradition of immersing in the celebration and sharing happiness and

joy as a team. This year too our Team Members enthusiastically participated in the

various competitions and celebrations. Our Team Members at site also enthusiastically

participated in the competition and celebrations.

BUILDING CULTURE


BUILDING CAPABILITY

Workplace Safety

Several Workplace Safety workshops at all sites Organised by

the RUPL Safety Team.

Ceiling System with Gypsum Board

Workshop on ‘Ceiling system with Gypsum Board’, by

Gyproc team, in October 2016, at Raheja Ridgewood.

Pep Talk

Training session to the Imperia site on AAC Masonry, in

November 2016.

Teaming for Performance & Positive Change

Team Building, Performance, Positive Change & Importance of Relaxation workshops

at Raheja Centre Point, with attendees from the head office and all site offices

Carpentry & Joinery in Finishing

Carpentry & Joinery in FinishingThe site team, in

September 2016, at Raheja Exotica.

TRAINING SESSION 2016


COME, BE A PART OF THE LEGACY!

254568401 RANJEET / PATIL / MR

P R I V I L E G E S & A L L I A N C E S

Enjoy Access to the extraordinary, with RahejaCareEnjoy Access to the extraordinary, with RahejaCareEnjoy Access to the extraordinary, with RahejaCare

Facilitating ease in daily living, RahejaCare is Raheja Universal’s brand alliance

initiative to offer premium services and products to all its members. We have

partnered with reputed organisations to ensure priority services at reduced rates.

With RahejaCare, you can now live life the way it was meant to be lived!

For more information, write to us at [email protected]

QUARTERLY HIGHLIGHTS


Launching Soon...

A simplified approach to renting, RahejaLive gives equal advantages to

owner and tenants alike. Let your worries take a backseat. we take

care of everything from rent collection to matchmaking services for

potential tenant. We help you manage entire rental transaction

through standard and verified rental residences.

RENTAL SOLUTIONS THATSUIT YOU


REGULATORY UPDATESREAL ESTATE REGULATORY ACT (RERA)

among many developers of pre-launching projects without getting requisite approvals from the local a u t h o r i t i e s a n d i t w i l l m a k e mandatory project registration with the regulator. Developers will also have to disclose approval status, project layout and timeframe for completion to the regulator as well as customers.

The developer will now have to deposit 70% of the project funds in a separate account, which can only be used for the earmarked project. Diversion of funds to other projects was a major reason for project delays and this will address it effectively.

Today, real estate buyers have only the brochures or ads in newspapers to go by while making property investment decisions. But with the implementation of this Act and the establishment of State-level RERAs, every developer launching any residential project with area of over 5 0 0 s q u a r e m e t r e s o r e i g h t apartments, has to register it with RERA and upload all the project details to the RERA site before he initiates any sale.

T h e d e t a i l s u p l o a d e d b y t h e developer must include the number and types of homes for sale, site and l a y o u t , p a y m e n t s c h e d u l e s , s c h e d u l e o f c o m p l e t i o n a n d quarterly updates on the status of the project too.

T h u s , R E R A m a i n t a i n s comprehensive records for every project across the entire chain, from the conceptualisation of the project to its completion. Each State will also have an Appel late Tr ibunal to adjudicate and deal with real estate disputes. RERA is a gift for the public, who earlier had to approach the Courts for such disputes.

Now, the buyers and developers will be liable to interest at the same overriding their agreement clauses. Buyers would also have the option to

continue with compensation or to exit from a project that is delayed. Buyer will also have the benefit of security regarding title of the land and building in which the units they are interested in is being constructed which is required to be insured by the developer without prejudice to the c o n t i n u i n g o b l i g a t i o n o f t h e developer to be liable to the buyer for defect in title of the land.

In essence, the Bill intends to i n c r e a s e t r a n s p a r e n c y a n d accountability in the real estate sector, by providing mechanisms to facilitate and regulate the sale and p u r c h a s e o f c o m m e r c i a l a n d residential units/projects and timely completion of projects by the promoters.

Now, the challenge before the Government would be to establish the Regulatory Authority (or any other authority, in the interim) within the timeline prescribed under t h e A c t i n o r d e r t o s t a r t implementing the provisions of the Act effectively.

Also, a single-window clearance is needed now, without which there may be cases where bona-fide delays by developers may still result in an unfair penalty. The time taken to get many environmental, state-level and municipal-level clearances have afflicted developers for long. The central government, on its part, has b e e n w o r k i n g t o s t r e a m l i n e approvals and has set up a 30-day approval period recently. The Model Building Byelaws have also been released.

All in all, the incumbent government has succeeded against various odds & given Indian real estate its most valuable card. The bill is a verdict to e n d t h e a g e o f i n f o r m a t i o n asymmetry, lack of accountability and unwarranted project delays, and marks the beginning of r ising transparency, liquidation of assets - &, importantly, positive sentiment.

ver wondered why shares, mutual funds and deposits are so tightly regulated, but there seem to be no regulations for the biggest investment decision we’ll

ever make - buying a home? With the Rajya Sabha passing the Real Estate (Regulation and Development) Bill, property transactions will now be subject to a regulator - the Real Estate Regulatory Authority (RERA) in all states.

WHAT IS IT?

RERAs are intended to perform the same role for property transactions as the SEBI does for secur ity transactions in the capital markets.

This is a major reform, which promises to bring in the much - n e e d e d t r a n s p a r e n c y a n d accountability in the real estate sector. It will enhance consumer protection by facilitating that the consumer gets the product and on time as promised, thereby increasing consumer confidence as well as helping to create lasting developer brands strong on quality and timely delivery of their projects.

Once it is implemented, RERA will reduce the contrast seen in this sector in form of piling unsold inventory generally faced by fly-by night developers and price rise in projects by reputed developers since they have relatively less unsold inventory and build the trust back from its current situation of trust deficit between the two most important stakeholders - builders and buyers.

As there will be strict punishment for errant developers as well as fines for project delays and faster redressal to consumer complaints, the problem of over structuring as is rampantly prevalent in the industry will be addressed. All in all, it will help make this sector more mature.

It will disallow the common practice


Disclaimer: The above ar�cle is a combina�on of ar�cles, quotes, newsle�ers, reports etc. extracted from online sources, and does not represent the opinions of Raheja Universal Pvt Ltd.

RAHEJALIFESCAPESRaheja Lifescapes puts the universe of life within your reach by enabling you to

indulge in the finest life experiences. It harnesses the potential of new worlds

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