THE BEST RESIDENTIAL HIGH-RISE DEVELOPMENT IN THE WORLDInternational Property Awards, London, December 2012
ONE AVIGHNA PARK S KY V I L L A S
LOWER PAREL, MUMBAI
Private & Confidential
Iconic 64 Storey residential towersIconic 64 Storey residential towers
3, 4 & 5 Bed Sky Villas
LUXURIOUS. ECO-FRIENDLY. AWARD WINNING
Private & Confidential
Why us?• Delivery in 2014 • Strategic location with excellent
Why us?
Strategic location with excellent connectivity
• Community of like minded families• Intelligent planning & designIntelligent planning & design• Lower life-long maintenance charges• Wide range of outdoor & indoor amenities • Detailing behind the scenesg• International consultants & contractors• Sea views• Lineageg• Awards & accolades
Private & Confidential
Why now?• Mumbai real estate-going forward-Lack of delivery
Why now?
Lack of delivery-Scarce availability of free land-Increasing material costs-Rising ready reckoner valueRising ready reckoner value
• Approval under old DCR• Appreciation potential• Depreciating rupee, best time to investep ec at g upee, best t e to vest
Private & Confidential
Why US?
Why US?
Private & Confidential
delivery in 201451st floor under construction
delivery in 2014 Actual render
Photograph March 2013
Private & Confidential
STRATEGIC LOCATIONSTRATEGIC LOCATIONLocated in the heart of Mumbai at Lower Parel, with excellent connectivity:CBD:
• BKC – 15 min• Nariman Point – 18 min
5 Star hotels:• ITC Grand – 5 min• Shangri-La, Four Seasons – 15 min
Premium shopping:• Palladium – 5min• Atria – 7 mind h lReputed schools:• JBCN International – 10 min• Campion, Dhirubhai Ambani International,American School – 15 min
Airports:• D ti 30 i• Domestic – 30 min• International – 35 min
Hospitals:• Global – 5 min• Breach Candy Jaslok Hinduja Lilavati 20 min• Breach Candy, Jaslok, Hinduja, Lilavati – 20 min
Location Map
Private & Confidential
Recent press article The Indian Express, Mumbai, July 25, 2013
Private & Confidential
Primary Access ROAD - ONE Avighna ParkMahadev Palav Marg
JUNE 2013 JUNE 2015
* Additionally, a secondary direct access to One Avighna Park will be provided from Dr.Ambedkar Road
Private & Confidential
Co o sCommunity of like minded FamiliesMeticulous screening of buyers, to ensure that you live in a community of like minded families. Selectlist of future residents:
• Amit Doshi|C. Dinesh & Co
• Chetan Jogani| Jogdiam Corporation
list of future residents:
• Pawan Poddar|Siyaram Silk Mills
• Piyush Kothari|Jewelex India
• Deepak Sadhani|Veera Exports
• Dinesh Koradia|HVK International
• Jitendra Bhansali|J K Bhansali & Co.
• Praveen C Shah|C Mahendra Exports
• Rajesh Jogani|Dialust Corporation
• Rajendra Mundra|Sunny Gems
• Lalit Jain|Classic Ornaments
• Manoj Desai|Aklvya Realities
• Mukesh Mehta|Punya Gold/Mark Bangles
• Sampat Jain|Sunlight Corporate
• Shrikant Agarwal |Smita Steels
• Sohan Goenka|Unirich Jewellery
• Nemichand Jain|MP Sons
• Nishant Sharma|Kedaara Capital
• Nitin Mehta|Paradise Packaging
• Vinay Badani|Vinay Corporation
• Vijay Berlia|Apeejay Group
• Yogesh Madhvani|Simplex Diamg g
Private & Confidential
Tower and common areas:
INTELLIGENT PLANNING & DESIGN
• No public parking FSI - more privacy; more safety
• Dedicated wash and dry areas - no hanging clothes
• Dedicated space for outdoor AC units - no spoiling of building facadep f p g f g f
• Maximum natural light and ventilation in lift lobby and staircase - electricity conservation
• Dedicated service elevators leading to service corridors. These corridors will also operate as dedicatedspace for future renovation works Thus minimal disturbance / obstruction to neighborsspace for future renovation works.Thus, minimal disturbance / obstruction to neighbors
• No unnecessary frills - luxurious yet practical
• Wind tunnels for better stability - reduces wind pressure on the structure
Private & Confidential
2Sky Villas with double height decks:
INTELLIGENT PLANNING & DESIGN - 2
• Vaastu compliant layouts
• Ample cross ventilation
• Separate service entrance for domestic staff, vendors etc. These service entrances also open into thep f ff pservice corridors; which house garbage chutes, electrical shafts etc
• Domestic staff quarters with separate bathroom
• No shared walls between apartments• No shared walls between apartments
• No beams and minimum columns, allowing flexibility in planning
Private & Confidential
3INTELLIGENT PLANNING & DESIGN - 3
Private & Confidential
5 BED SKY VILLA5 BED SKY VILLA
Actual photograph of living room on level 33
Private & Confidential
5 BED SKY VILLA5 BED SKY VILLA
Actual photograph of master suite on level 33
Private & Confidential
3 BED SKY VILLA3 BED SKY VILLA
Actual photograph of master suite on level 33
Private & Confidential
3 BED SKY VILLA3 BED SKY VILLA
Actual photograph of double height deck on level 33
Private & Confidential
Substantially lower life-long maintenance cost due to:L i i d l j
LOWER LIFELONG MAINTENANCE CHARGES
• Lower property taxes as it is a redevelopment project
• Adherence to IGBC platinum green building practices such as:
Low energy consumption:
• Well planned apartments and floor lobbies with natural light, eco friendly light fixtures andample cross ventilation
• Solar panels and wind turbines for generating renewable energy on-site, for common area lighting
Low water consumption:
Sewage water treatment plant for recycle and reuse of waterSewage water treatment plant for recycle and reuse of water
• Rain water harvesting
• 3 bore wells
• Water efficient fixtures
Private & Confidential
• AMCs for all equipments have been pre-negotiated for several years so that maintenance costs arekept in control over the long run. For instance, our elevators are at zero-maintenance cost for the
LOWER LIFELONG MAINTENANCE CHARGES- 2
kept in control over the long run. For instance, our elevators are at zero maintenance cost for thefirst 5 years
• As part of our long term planning, every resident will mandatorily contribute towards a sizeable“maintenance fund”. This fund will be invested in debt instruments and the interest will be used tofund maintenance expenses and eliminate the need to write monthly cheques
Private & Confidential
Outdoor AmenitiesOutdoor Amenities• 3 level valley podium garden• Jain derasar with privateJain derasar with private
access, making it unobtrusive• Leisure pool & kids pool• 0.4 km covered jogging track0.4 km covered jogging track• Outdoor gym with panoramic
views• Viewing deckV g• Toddlers & kids play area• Tennis court• Several relaxation &&
conversation spots• Skateboarding
Actual renderings
Private & Confidential
• 25ft high banquet facility with private access
indoor Amenities
private access • Indoor lap pool• Multipurpose sports zone• SalonSalon• Male & female spas• Squash court• Reading libraryReading library• Meeting rooms • Private cinema• Yoga & aerobicsg &• Snooker & billiards room• Table tennis & air hockey• Indoor cricket• Card room Actual renderings
Private & Confidential
DETAILING Behind the Scenes International standard materials:• Elevators Toshiba (Japan)• Elevators -Toshiba (Japan)
• Pipe fittings - Cosmoplast (UAE)
• Drainage pipes and fittings - WAVIN (UK), Hepworth (UAE)
• Electrical switch gears - Schneider (France)
• Busbar electrical power distribution systems (Europe) systems - (Europe)
• Firefighting equipment and accessories -Rapiddrop (UK)
• 8 layered waterproofing work in deck and bath areas - Greenseal Products (Malaysia)
• Mivan Shuttering System - (Malaysia)
• Window System - Schuco (Germany)
B fl l Fl id C l (UK)• Butterfly valves - Fluid Controls (UK)
Private & Confidential
Intelligent building management:• M it d t l i f ti d i i i ti f d
DETAILING Behind the Scenes - 2
• Monitor and control various functions - drip irrigation, facadelighting, firefighting systems, security, access control etc…
• Modern fiber-optic systems - equipped for high speed telephone,internet and cable TV communication
a
Car parking:• Ample parking spaces for residents and visitors
• Two 6m wide rampsa • Two 6m wide ramps
• Charging facility for electric cars
• 5 elevators in car parking floors
• Parking space for 1100 cars• Parking space for 1100 cars
• Rest areas for drivers
Private & Confidential
International standard workmanship:
DETAILING Behind the Scenes - 3
• 300+ skilled workers flown down from various GCCcountries
Construction technology:• Flat slab construction technology - Mivan formwork systems
from Malaysia
Safety & security:• Low smoke & fire resistant cables - up to 130ºC
• Building strength - in-house ready mix concrete (RMC)batching plant for better strength and quality
T l b ld d CCTV ll• Total building under CCTV camera surveillance
Private & Confidential
INTERNATIONAL CONSULTANTS & CONTRACTORS CONSULTANTS CONTRACTORS
Design Architect: Vivek Bhole
Structural:
Civil and Allied Works: Simplex Infrastructures
Mechanical, Electrical & WSP Cantor Seinuk, New York
Landscape Architect: Belt Collins, Singapore
Plumbing: Elemec, UAE
Elevators:
Lighting: DHA Design, UK
Toshiba, Japan
Concrete: Ultratech
Green Building: Godrej & Boyce
Wind Tunnel: Façade:Schüco, Germany
BMT Fluid Mechanics, UK
Private & Confidential
Sea views
Actual photograph of west view from level 25
Private & Confidential
Sea views - 2
Actual photograph of west view from level 45
Private & Confidential
Sea views - 3
Actual photograph of Bandra-Worli Sealink from level 35
Private & Confidential
Philosophy• Focus on delivery not promises
Lineage: AVIGHNA INDIA LTD
y p
• Focus on quality not quantity
• Focus on reducing recurring costs for residents
• Focus on minor details that ensure comfortable use by occupants
a
Strengths• Debt free
• No project partners
• Begin marketing after completing 60% execution work and can thereforea • Begin marketing after completing 60% execution work and can thereforedeliver on commitments
Past developments• Advent Plaza, Andheri
• Advent Atria, Malad
• NishikaTerraces, Worli Seaface
• SatlajTerraces, Walkeshwar
• Y hik A t t Vil P l• Yashika Apartments, Vile Parle
• Yashika Residences, Borivali
Nishika Terraces, Worli Sea FacePrivate & Confidential
13 International Property Awards & 3 National Awards:• World’s Best Residential High-Rise Development- IPA, London Dec-2012
Awards and accolades
World s Best Residential High Rise Development IPA, London Dec 2012
• Best Residential High-Rise Development,Asia Pacific- 2012, 2013
• Best High-Rise Architecture,Asia Pacific- 2013
• Best High-Rise Architecture, India- 2012, 2013g
• Best Residential High-Rise Development, India- 2012, 2013
• Best Apartment, India- 2012
• Best Residential Renovation Redevelopment, India- 2012,2013
• Best Interior Design Apartment, India- 2013
• Best Landscape Architecture, India- 2013
• Best Ultra Luxury Residential Project of theYear- CNBC Awaaz Real Estate Awards 2012
• Ultimate Residence of Mumbai- Hindustan Times
• Platinum Pre-certification by Indian Green Building Council for One Avighna Park
• Gold Pre-certification by Indian Green Building Council for Rehabilitation Towers
Private & Confidential
Why NOW?
Private & Confidential
Over the long term, real estate prices in Mumbai will see an upswing due to several factors:L k f d l l l h h h h d b l l b
MUMBAI Real estate - going forward
• Lack of delivery, not supply: although there is much discussion about a large supply being imminent,ultimately it is delivery that matters. Given the bureaucratic and political environment, there is ahuge lag between supply and delivery
• Scarce availability of encumbrance free land in Mumbai
• Increased cost, over the last three years, rate of cement, steel etc has gone up by more than 50%
• As per the new DCR guidelines, in developments henceforth, areas such as decks, plush lift lobbiesp g , p f , , p fetc… will be consumed in FSI.Therefore, such features will be rare in new developments
• Shift in action from South Mumbai to Lower Parel due to better infrastructure and central location
• Read reckoner alues ha e gone up drasticall increasing the premium charges le ied on projects• Ready reckoner values have gone up drastically increasing the premium charges levied on projects.This ultimately increases the cost of development
Private & Confidential
• One Avighna Park has been approved under old DCR, one of the last few projects in Mumbai
• Future developments may not be able to provide luxury features like plush lift lobbies, double height decks in the apartments
Approval under old DCR
25ft high Landscaped decks
Private & Confidential
• Recent transactions in nearby buildings which were delivered around a decade ago (Ashok Towers, Gundecha Gardens)have averaged at ~ Rs. 45,000 per sqft. One Avighna Park of course is a far more premium project and is expected to
Appreciation potential
g p qf g f f p p j pcommand a much higher price on delivery
• Price of real estate developments normally appreciate at the time of delivery
Private & Confidential
Depreciating Rupee • Rupee has depreciated ~ 36% since June 08 – great time to invest!p p g
Private & Confidential
Recent press article The Economic Times, Mumbai, June 22, 2013
has cautioned home buyers…has cautioned home buyersto be wary of ‘too-good-to-be-true’ schemes fromproperty developers, andwarned them against offerswhere builders claim to bei i b ’paying interest on borrowers’
loans.
“To my mind, teaser products of any natureentail risks. Customers need to be cautious of‘too-goo-to-be-true, type of products.Borrowers must not be blinkered into believingthat there are no risks when developers offer topay interest on a borrower’s loan for a specifiedperiod.”
Private & Confidential
THANK YOU
THE BEST RESIDENTIAL HIGH-RISE DEVELOPMENT IN THE WORLDINTERNATIONAL PROPERTY AWARDS, LONDON, DECEMBER 2012
One Avighna Park Lower Parel E, Mumbai 400 012 +91 22 6115 6060 OneAvighnaPark.com
INTERNATIONAL PROPERTY AWARDS, LONDON, DECEMBER 2012
Disclaimer: All the specifications, images, designs, facilities and other details herein are indicative and for representative purpose only and the same are subject to change at discretions of thedeveloper without any notice or any obligation.
Private & Confidential