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Brigade Insight Summer and Warming Team Had with Suresh Heblikar BRIGADE GROUP RIGADE NSIGHT B The Newsletter of the BrigadeI Group Vol. 11 No. 1 For private circulation only Released in April ’07 This is an artist’s impression of our proposed hill resort at Chikmagalur, 4 hours from Bangalore. Its architecture is based on the winning entry in an international competition conducted by Brigade. We have partnered with the internationally renowned Banyan Tree resorts, for the management of the resort. Brigade partners with Sheraton for the hotel at Brigade Gateway Andromeda Our 5-star hotel Sheraton Bangalore @ Brigade is under construction at the 40-acre premium 4-bedroom premium apts Gateway will be managed by Starwood Hotels neighbourhood of Brigade Gateway. It will share and Resorts Worldwide Inc, who own the this lovely environment with the 30-storey North Sheraton brand. The 250+ room hotel will have Star office and software facility (Bangalore's a host of 5-star facilities—four restaurants, tallest building), Orion Mall (Bangalore's largest a conference facility, banqueting facilities, mall), Galaxy Club, the international-class health club and spa, as well as a multi-level Columbia Asia Hospital, as well as over 1,200 parking annexe adjoining the hotel. The hotel families in the enclave's residential section. Contd...Pg 5 Model apartment at Brigade Gateway The newest wing at Brigade Gateway is now Brigade Millennium Road Brigade Metropolis Phase 2 open for booking. The Andromeda wing overlooks the lake in the enclave and comprises inaugurated apartments launched! large, 4-bedroom luxury apartments, with the finest design and specification standards. Several new projects in Bangalore and Mysore Mr P.V. Maiya (left) and M.R. Jaishankar look on as Mr R. Ashok unveils the plaque at the inauguration Brigade marketing team in discussion with visitors to the launch The further extension of 24th Main Road was Phase 2 of Brigade Metropolis—our integrated inaugurated on 25 November by Mr R. Ashok, enclave on Whitefield Road—was launched with Hon. Minister for Health and Family Welfare and a 3-day event, on 5, 6 and 7 January, at the MLA, Uttarahalli Constituency. project site. The fest marked the launch of a fresh An inauguration ceremony marked the set of 2- and 3-bedroom apartments, in five new Artist’s impression of Brigade Courtyard opening of the new road, now named “Brigade blocks of the enclave, and was very well received Bangalore: Millennium Road”. Contd...Pg 3 by visitors to the event. Brigade Courtyard, HMT Layout Brigade Jasmine, J.P. Nagar Brigade Lakeview, BTM Layout 2 Brigade Millennium Cricket Cup; 7 Brigade Foundation Brigade PalmSprings, J.P. Nagar Events and exhibitions Brigade Petunia, Jayanagar-Banashankari 8 Towards a better Bangalore 3&4 Inside Brigade Mysore: Brigade Citadel, Yadavagiri 5 Brigade Hospitality 9 Finance Info Brigade Horizon, Siddhartha Layout Brigade Solitaire, behind Lalitha Mahal Palace 6 Interview with Suresh Heblikar 10 Snippets: Gently flows the Kaveri For more information, turn to Pg 4 brigadegroup.com Vol. 11 No. 1 Released in April ’07 Editor’s Note 2007 hasn't started very well for the real estate the Bangalore International industry. The policy makers—the Central Finance Airport becomes functional So much is happening at Brigade—both within Ministry, the Reserve Bank of India and the State by mid-2008, no fast-track specific areas and across different domains—that it's Government—seem determined to curb the transportation system will be hard to know where to begin. growth of this sector and check the rise in prices. ready between the city and Maybe the logical starting point is on-going Some of the negative policy initiatives taken are: the airport (like in Hong Kong, projects, of which our enclaves are the largest and increase in home loan interest rates by 50% in six London or Tokyo). most obvious examples. Walk into Brigade Gateway or months (from 7.5% to 11% p.a.); restricting bank Brigade Metropolis and you'll see individual buildings finance to developers by increasing the interest taking shape at an inspiring pace…the master-plan rates and risk weightage; withdrawing of IT Sec A significant piece of news at Brigade is the signing 80I (b) tax incentives to developers; introducing of the management contract with Starwood Group is visibly nearing reality in every direction. As one new conditionalities for real estate IPOs; increasing for their Sheraton brand for our under-construction of our customers remarked, "It's like the setting excise duty on cement; increasing guideline values 5-star hotel—Sheraton Bangalore @ Brigade from some epic Hollywood film: deep excavations for registration of properties; imposing new cess Gateway. This, together with a similar contract for and buildings-on-the-rise; cranes swinging high and impact fees on projects. Banyan Tree Resorts and Spa at Chikmagalur, will above; construction machinery moving in lines…and The list goes on, making one wonder whether help us get a toe-hold into the growing Indian helmeted construction crews everywhere. The only the government does not want the Indian hospitality industry. thing missing is the rousing music!" This purpose and economy to reach double digit GDP growth rates. pace is evident in all our projects, across domains. This kind of one step forward and two steps backward policies of the government can be very Our spacious one-bedroom apts—Jasmine @ Brigade Hospitality is another area that unsettling to business and industry. Brigade Gardenia Campus, in J.P. Nagar—are overflows with activity. We have finalised several High inflation is always a cause for concern to an interesting option to both young couples new partnerships with international hotel and resort governments the world over. But what is high is and senior citizens alike. The National Housing chains. These will enhance the scope and scale of always a debatable point—is India's 6.5% inflation Bank's Reverse Mortgage scheme is a step in the both our existing and future projects. Our clubs are rate with 9% GDP growth high? Or China's 3.5% right direction and will be appreciated by senior getting livelier, our serviced residences more popular, inflation rate with 11% GDP growth high? Because citizens. our convention centre more frequented. This issue of both governments are worried with a rise in Insight will give you more information on all this. inflation rate! We will soon be launching new projects in The Kaveri river has been in the news—and in Bangalore, Mysore, Mangalore, Hyderabad, public consciousness—with the tribunal submitting Infrastructural woes continue to plague most Chennai and hopefully, in Kochi too. its recommendations. This edition of Snippets briefly Indian cities and towns. While there is a desire and describes the Kaveri's journey, from its birth in the a plan to improve the infrastructure by the civic Western Ghats to its disappearance into the Bay of authorities, the delivery is very poor, leaving a huge Bengal. gap between need and supply. For example, when We hope you enjoy your journey…through the pages of Insight. We look forward to your feedback. —M.R. Jaishankar, CMD The Millennium Cricket Cup was organised by Star of Mysore feature on Brigade Two new projects added to our residents of Brigade Brigade Group is one of the best developers in Millennium on 7 and 8 the city. The Group is an ISO 9001-2000 certified J.P. Nagar bouquet April. Teams from company, established in 1986. Brigade Millennium, Luxury apartments, integrated enclaves, Brigade Gardenia, The Brigade School and state-of-the-art offices, serviced residences, Brigade Group participated in the tournament, resorts, hotels, clubs and schools are among their which was held at the mini-stadium in Brigade creations of excellent civil engineering. The Millennium. The Millennium residents’ team won company has pioneered the introduction of many the final by value-enhancing features for the safety and defeating the comfort of residents. Brigade team in a Brigade Group was a forerunner in keenly contested incorporating eco-friendly measures like rainwater match. harvesting and waste recycling systems. Two new residential projects—Brigade —Excerpted from Star of Mysore; 24 February PalmSprings with 3-bedroom luxury apartments and Brigade Jasmine with spacious 1-bedroom Give your child the room to learn and grow. apartments—were launched at the Brigade Bonanza on 16, 17 and 18 February. The 3-day Brigade PalmSprings features exclusive 3-bedroom event allowed visitors the opportunity to find out about these projects, and avail special launch apartments. With a third bedroom, allow yourself the offers. Also present at the event were leading flexibility to give your child the private study you've HFIs, to assist buyers with on-the-spot home loan always wanted to. options. More on Pg 4 In addition, residents can also enjoy the benefits of a Brigade at J.P. Morgan conference clubhouse, a swimming pool, indoor games and a party area—all set in a pleasantly landscaped 4-acre campus. Brigade Millennium Road, 7th Phase, J.P. Nagar (L to R) Sunil Garg, MD & Head of Research, J.P. Morgan Asia; Sanjiv Ph: +91-80-40182222 / 2200 Dasgupta, CFO, Kshitij Fund; Irfan Razack, Chairman, Prestige Group; Arun Nanda, Vice Chairman, Mahindra Gesco; M.R. Jaishankar, CMD, Mob: +91-9880405234 / 9880405247 Brigade Group and Gautam Chhaochharia, Equity Research Analyst - PalmSprings sms: Brigade Palmsprings to 6767 Real Estate, J.P. Morgan India. Picture taken at the J.P. Morgan India Conference 2006, Mumbai Brigade Metropolis Inauguration of Brigade Millennium Road... On the completion of 20 years... sets safety record I had always felt that this was a very good project and it Please accept my congratulations on the completion of Workers at the Brigade Metropolis site celebrated did take someone with your tenacity and commitment to 20 years.
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