January, 2018 | Volume VII ONLINE MAGAZINE
The ComeOn November 24th, 2017, Reachthe successful completion of iTower ‘The Comercia’. With thmilestone to achievements of thbecame unforgettable and memoof Almighty and Reach team’s sm
ercia Group commemoratedits Corporate Businesshe day adding another he team, the occasionorable with the blessingsmiles of success.
ContentsFrom CHairman’S 08 SpotLigHtDeSk patna teaLetter From 10 operationmD teamSaLute to 12CommitmenttraCing a reaCH 44LeaDer team 18 Airia Progress Upd 3 Roads Progress UbuSineSS 24 Performance AwardmiLeStoneS Safety MattersN.E.W. TeamGurgaon Team moment oRetail Team priDeNoida TeamL.W.S. Team DeaL CaSeDelhi Team StuDyInvestments TeamCIRIL DealsTeam of TeamsTotal Area & Deals
t on 36 trenDing 58am oFFiCe SpaCenS 40 unForgettabLe 60 momentS4 new 84 JoineeSdate Update interior 90 rded management irraH 94 initiativeSoF 54e 56 CHeriSHeD 104 memorieS
fCrhoamirman’sDesk Last quarter was special for us as it witnessed the celebration of The Comercia’s completion along with our new branch opening in Patna.Dear reaCH anD Combined with few key decisionsreaLiStiC team, at the board level and positive year of demand ahead, I can see a baseHappy New Year to All! set for expansion in Development, Investment Sales and CommercialHope this year brings in much- Leasing business verticals organicallyawaited acceleration to the economy and inorganically. This is the momentbacked by implementation of reforms, to come forth and deliver unparalleledsuch as GST AND RERA, for the level of focus and determination toreal estate industry. enhance and maximise the value of RR.It’s almost certain that this year will Wishing loads of Good Luck andsee a higher demand of retail and assuring everyone of healthy knowledgecommercial space, which will bring in sharing with collaborative approach forhigher revenues and growth to each taking Realistic Realtors, Reach Groupand every vertical of Realistic Realtors. and all its members to the higher levels of growth and prosperity.Last quarter was special for us as itwitnessed the celebration of The Stay Blessed!Comercia’s completion along with ournew branch opening in Patna. These Harinder Singhincidents stamp the success and growthof ours and add extra responsibility on Chairmanour shoulders to give best of the best.
Mlette India has single-bran pre-leased Happy New Year 201 of Realistic and Reach This year is already s signs for the Indian Real Estate and as Realtors. India has op single-brand retail, de properties in NCR is two weeks of Januar big transactions with like Flipkart, Samsung I feel that 2018 will b opportunities for eve India has already o side-effects of Demo now New India is all
MDer from opened 100 per cent FDI in nd retail, demand for the d properties in NCR is all time high.18 to all Family Members growth at least for next one decade, and h, the Team of Realistic Realtors is equipped and experienced to fetch the best out of thisstarted with very positive new era. I am really proud of our teams, their n Economy, Commercial focussed approach and long-term planning that s well as for Realistic motivate us to keep doing something new andpened 100 per cent FDI in innovative on year-on-year basis. emand for the pre-leased all time high, and in just With the opening of two branch offices inry, our teams have closed last year – Nehru Place and Patna – we haveh world-renowned clients, increased our footprints and service timings g, Toto, etc., which is why drastically, and going ahead, we look forwardbring lot of prosperity and to continuous expansion in this year too thateryone. will create opportunities for many of you as leaders and successors.overcome the short-termonetisation and GST, and Pankaj Jain set for a record-breaking Managing Director, Realistic Realtors Pvt. Ltd.
sect 01ComSamlu
tion01muitetmtoent
19 12 years yearsJAgDish PRAsAD hARPReeT singh YADAv heAD MAnAgeR invesTMenT ADvisoRY oPeRATions TeAM 11 11 years yearsviKRAM TAAK RAKesh KuMARsenioR MAnAgeR senioR MAnAgeR Delhi TeAM Delhi TeAM
11 11 years years Ashish RAi AnooP singhsenioR MAnAgeR senioR execuTive guRgAon TeAM invesTMenTs TeAM 8 7 years yearsAshish chhAbRA shivAni KAw geneRAl MAnAgeR senioR MAnAgeR invesTMenTs TeAM Delhi TeAM
7 5 years yearsshAMs TAbRez nehA shARMA MAnAgeR MAnAgeR noiDA TeAM noiDA TeAM 5 yearsRAvinDRA singh KushwAhAAssisTAnT MAnAgeR n.e.w. TeAM
5 5 years years Munnu bhAsKAR viJAY KuMAR MAnAgeRAssisTAnT MAnAgeR oPeRATions (F&A) TeAM ReAch TeAM 5 years cheTAn wAhi AssisTAnT MAnAgeR l.w.s. TeAM
sect 02 Traci LeaInteractive Inte Prominent Le
tion02 ing a ader erviews of Two eaders of RR
When words fail, music speaMr. Mohit Batra with which many were n about the personal saga of our Re Realistic and ad
aks. Singing is one quality ofnot acquainted. So, tune in to know moreegional Director, his faith in branddvice for RRians.
We all know Mr. Karan Malik for persisHead of Investment Services is also aacquainted with his leadership style, m Frame
stent efforts and zealous attitude. But the powerhouse of confidence. Tune in to bemost challenging deal and fitness mantra.e-1
sect 03MBiluessi
tion03 sitnoensses
N.E.W. TEamCompaNy arEa TraNsaCTEd LoCaTioNedelweiss retail FiNaNCe 2,910 sq. Ft. solaN, dehraduN, rishikesh, haridwar & rohtakaakash eduCatioNal serviCes 9,320 sq. Ft. the osia mall, margao, goaaakash eduCatioNal serviCes 7,093 sq. Ft. aNaNt spaCes, virar east, mumBaimediCover healthCare 8,800 sq. Ft. lajpat Nagar, jalaNdhar, puNjaBaakash eduCatioNal serviCes 4,000 sq. Ft. Neelyog square, ghatkopar east, mumBaiBajaj alliaNz liFe iNsuraNCe 1,550 sq. Ft. sai aveNue, ashok Nagar, kaNpur, uttar pradeshessar oil 1,168 sq. Ft. rajeNdra spaCe, seCtor 16 B, agra, uttar pradeshhoNeywell iNterNatioNal 900 sq. Ft. model towN exteNsioN, iNdia d BloCk, ludhiaNahdFC liFe iNsuraNCe 2,350 sq. Ft. Cee tea mall, mall road, amritsarextramarks eduCatioN iNdia 6,226 sq. Ft. west BoriNg CaNal road, rajpur, patNa, BiharpNB housiNg FiNaNCe 950 sq. Ft. BhadaNi trade CeNtre, r road, Bistupur, jharkhaNd ahmedabad Team edelweiss retail FiNaNCe 840 sq. Ft. raj kamal City mall,edelweiss tokio liFe iNsuraNCe 1,146 sq. Ft. mehsaNa, gujarat aakash eduCatioNal serviCes 6,700 sq. Ft. 916 sq. Ft. Neo atlaNtiC, jamNagar, aditya Birla FiNaNCe gujarat seCtor 16, gaNdhiNagar, gujarat Neo atlaNtiC, jamNagar, gujarat
Indore TeamIVL FInance 1,655 sq. Ft. BhopaL & IndoreadItya BIrLa FInance 2,692 sq. Ft. MegapoLIs square,Capital First 3,790 sq. Ft. M.g. road, IndoreCapital First ltd. 3,709 sq. Ft. shreeram tower, m p Nagar, Bhopalshivalik merCaNtile 1,515 sq. Ft.Co-operative BaNk tulsi towers, geeta BhawaN square, iNdoreaditya Birla FiNaNCe 1,525 sq. Ft. taraNi ColoNy, a.B. road,shivalik merCaNtile 1,273 sq. Ft. dewas, iNdoreCo-operative BaNk kay kay BusiNess CeNtre,Capital First 1,300 sq. Ft. mp Nagar, Bhopal Jaipur Team ujjaiN trade CeNtre, ghatkarpar marg, ujjaiNBajaj FiNaNCe 1,420 sq. Ft. gulaB shree, jawahar Nagar,edelweiss retail FiNaNCe 1,250 sq. Ft. dewas, madhya pradeshaditya Birla FiNaNCe 1,200 sq. Ft. goviNdam, dak BuNgalow, dausa, rajasthaNaditya Birla FiNaNCe 2,000 sq. Ft. BikaNer aNd ajmer, rajasthaNedelweiss retail FiNaNCe 650 sq. Ft. shoppiNg CeNtre, kotal & t FiNaNCe 600 sq. Ft. CeNtre poiNt, airport road, udaipur C BloCk, maya kuNj tower, dayaNaNd marg, sri gaNgaNagar, rajasthaN 5th aveNue, pwd road, jodhpur
GurGaon TeamCompany area TransaCTed LoCaTionRVG EntERtainmEnts 2,152 sq. ft. suncity BusinEss towER, Golf Hospitality couRsE Road, GuRuGRamRiGHt manaGEmEnt india 6,377 sq. ft. cEntRum plaza, Golf couRsE Road, GuRuGRam reTaiL Team RajEndRa placE, dumRa Road,aditya Vision 7,500 sq. ft. sitamaRHi, BiHaRRanGRiti 852 sq. ft. maRuti solaRis mall, anand, GujaRatpaRk aVEnuE 1,650 sq. ft. paRk Road, GolGHaR,miraj CiNemas 26,171 sq. Ft. GoRakHpuR, uttaR pRadEsHBiBa 1,357 sq. Ft. mgF metropolis mall, m.g.road, gurugramBiBa 1,000 sq. Ft. maruti solaris mall, aNaNd, gujarat NuNgamBakkam, CheNNaiBiBa 1,180 sq. Ft. kaNke road, raNChi, jharkhaNdpataNjali 3,600 sq. Ft. veer savarkar marg, lajpat kFC 1,940 sq. Ft. Nagar ii, New delhi metropolis mall, rudrapur, uttarakhaNdraNgriti 700 sq. Ft. lajpat Nagar, New delhiCultFit 3,500 sq. Ft. kailash ColoNy, New delhi ChumBak 778 sq. Ft. galleria market, gurugramgo Colors 250 sq. Ft. lal quarter, krishaNa Nagar, New delhi
Noida TeamCompaNy area TraNsaCTed LoCaTioNKotaK SecuritieS 8,524 Sq. ft. Wtt, Sector 16, NoidaaNritsu iNdia 3,549 sq. Ft. logix iNFoteCh, seCtor 59, NoidaCeg eduCatioN 3,500 sq. Ft. B 1, seCtor 2,paperpedia 9,108 sq. Ft. Noida L.W.S. Team wtt, seCtor 16, NoidaproCoNNeCt supply ChaiN 65,000 sq. Ft. Bilaspur, gurugram solutioNs Bilaspur, gurugramFlipkart 2,36,500 sq. Ft. vaNdaNa BuildiNg, deLhi Team New delhiwwiCs gloBal law 1,100 sq. Ft. asaF ali road, delhi oFFiCes B BloCk, middle CirCle,m & B eNgiNeeriNg 1,250 sq. Ft. CoNNaught plaCe, New delhiedelweiss BrokiNg 6,500 sq. Ft. shivaji marg, NajaFgarh road,CoNNell Bros. Co. (iNdia) 5,000 sq. Ft. New delhimtr Foods 1,253 sq. Ft. dlF tower, shivaji marg, New delhiyazaki iNdia 3,112 sq. Ft. southerN park, saket distriCtsharekhaN 2,430 sq. Ft. CeNtre, New delhi jhaNdewalaN exteNsioN, New delhi
Investments team Investment servIces (Karan malIK) BuIldIng’s name detaIls area transacted dlF Corporate park vaCaNt oFFiCe spaCe 1,818 sq. Ft. vatika oNe iNdia Next reNted oFFiCe 500 sq. Ft. Bptp CeNtra oNe reNted oFFiCe 1,048 sq. Ft. Bptp CeNtra oNe reNted oFFiCe 1,028 sq. Ft. Bptp CeNtra oNe reNted oFFiCe 1,064 sq. Ft. Bptp CeNtra oNe reNted oFFiCe 961 sq. Ft. investment advisory (hapreet singh hora)N/a milleNium plaza vaCaNt oFFiCe spaCe 2,067 sq. Ft. reaCh ComerCia vaCaNt oFFiCe spaCe 18,430 sq. Ft. uNiteCh CyBer park vaCaNt oFFiCe spaCe 3,117 sq. Ft. palm spriNg plaza reNted oFFiCe 2,109 sq. Ft.N/a iris teCh park reNted oFFiCe 2,142 sq. Ft.
Investments team Fresh Booking (harpreet singh) BuIldIng’s name detaIls area transacted godrej summit resideNtial Flat 2,690 sq. Ft. superteCh sCarlet suits resideNtial Flat 600 sq. Ft. satya hermitage resideNtial Flat 2,020 sq. Ft. 8,015 sq. Ft. LandLord representativeN/a jmd paCiFiC square leased outN/a milleNNium plaza leased out 2,067 sq. Ft. 1,746 sq. Ft. others m3m tee poiNt reNted oFFiCe m3m tee poiNt reNted oFFiCe 1,732 sq. Ft. mii tower vaCaNt oFFiCe spaCe 1,055 sq. Ft. mii tower vaCaNt oFFiCe spaCe 850 sq. Ft. dlF piNNaCle luxury apartmeNt 3,868 sq. Ft. mii tower vaCaNt oFFiCe spaCe 865 sq. Ft.
Investments team Joint investments DealsBuIldIng’s name detaIls area teams transacted Palm SPring Plaza interior inveStment vatika BuSineSS Park rented office 2,608 Sq. ft. adviSory & vacant office SPace 1,000 Sq. ft. landlord Palm SPring Plaza vacant office SPace 1,237 Sq. ft. rePreSentative Palm SPring Plaza 1,198 Sq. ft. CIRIL DeaLs teamS inveStment ServiceS & inveStment adviSory teamS inveStment ServiceS & inveStment adviSory teamS inveStment ServiceS & inveStment adviSory teamSCompany’s name aRea TRansaCTeD LoCaTIon TeamspNB housiNg FiNaNCe 950 sq. Ft. ameya park, N.e.w. BraNd FaCtory 26,700 sq. Ft. Navapur road, (ahmedaBad) 4,600 sq. Ft. team aNd Ciril BarBeque NatioN 3,000 sq. Ft. Boisar, BarBeque NatioN 20,000 sq. Ft. maharashtra mumBai 5,142 sq. Ft. 91spriNgBoard Cosmo plaza, retail team BarBeque NatioN zirakhpur, puNjaB aNd Ciril kolkata patNa oNe mall, dak BuNglow retail team Chowk, Bihar, aNd Ciril patNa kolkata gwalior road, retail, N.e.w. Civil liNes, jhaNsi, teams aNd Ciril uttar pradesh kolkata madhapur, Noida team hyderaBad aNd Ciril jhv mall, hyderaBad CaNtoNmeNt, retail team varaNasi, aNd Ciril uttar pradesh kolkata
JoinT deaLS (Team of TeamS)Company’S name area TranSaCTed LoCaTion TeamSChaNakya ias aCademy 3,000 sq. Ft. rajeNdra park, pusa delhi & ivl FiNaNCe 1,280 sq. Ft. road, gurgaoN New delhi teams west patel Nagar, delhi & N.e.w. New delhi teams BaNdhaN BaNk 1,636 sq. Ft. ashok vihar, delhi & Capital First 1,200 sq. Ft. phase ii, New delhi N.e.w. teams 5,230 sq. Ft.CNh iNdustrial (iNdia) 900 sq. Ft. BhagwaN sai Noida & piNelaBs palaCe, maiN road, N.e.w. teams Naya BaNs, N.e.w. aNd seCtor 15, Noida delhi teams rohta village, puNjaB seCtor 20, N.e.w. aNd paNChkula, Noida teams haryaNa
ToTaL 6,27, Sq. joinT aRea12,400 Sq. Ft.
L aRea7,000 . Ft. no. of DeaLS 95
section 04PSaptontlaigThteoanm
retail (patNa) team SuRaj Raj MohD. naDeeM aMiT KuMaR MaheSh SuLTan KuMaR SahAssistant Manager Research Executive Assistant Manager Research Executive
Realistic Realtors has
New Address in Patna
section05OpTeeraatmions
aChieVeMenTS Human Resource • Organised Diwali Celebration and gifts for all employees • Prepared and organised Christmas Day celebrations • Recruited 19 new joinees in this quarter • Renewed medical insurance • Set up HRMS software and gave training at all offices for all business verticals Administration • Executed New Year diaries & calendars • Took strategic decisions for IT infrastructure development • Selected new vendors to improve organisation’s functions Finance & Accounts • Implemented new format of MIS • Successfully implemented GST process • Successfully filed Trance- I of GST Corporate Communication • Designed & executed ATL activities for Comercia event • Designed & printed Reach’s New Year Calendar • Produced promotional AV for Reach Comercia
Insuranc Gone are the In 2000, government had libera days when sector and allowed private pla we used the sector. The advent of priva to rely on family saw the introduction of many in with schemes to lure custome doctor to prescribe benefits. medicines right Broadly, medical insurance categories: from grandparents • Hospitalisation to children, and • Family Floater Health Insuran every prescription • Maternity Health Insurance prescribed for the • Critical Illness plans ailments made Realistic Realtors and Reach Gro wonders. Medical employees get maximum benefi insurance covering all the a science has made categories. The basic criterion hospitalisation policy is as follow tremendous growth • The treatment requires hos and the complete least 24 hours.wavelength of medical parameters, vis a vis medical • With emphasis on a hospitalisation is must to clatreatment, has undergone complete revamp. Now or cashless payment.the medical industry is all about the specialty • Expenses that are cover charges, operation chargehospitals and such specialised medical treatments nursing charges, investigatio charges, medicine charges, eare expensive as they require equipments, • The company will not btechniques and methodological approach towards circumcision, vaccination, ino of life or cosmetic or of aethe treatment and cure. of any description, surgery eye sight, cost of spectacleAll such developments have brought therequirement of medical insurance and the urbanpopulation considers the medical insurance as theirbasic need. Medical insurance in India is amongstthe fastest growing industries, and this growth isdue to liberalised economy, entry of internationalplayers in the field, and specialised services.Medical insurance in India typically pays onlyfor hospitalisation expenses and treatment athospitals.
cepediaalised the insurance hearing aids, any dental treatment, etc.ayers to operate inate insurers in India For availing cashless or reimbursement claim whennnovative products hospitalisation is in the network or non-networker and offer niche hospital of RR’s insurance provider New India Assurance: covers following • One needs to fill-up cashless request form and nce follow process of cashless way of treatment. Network hospitals are the ones with whom Newoup ensure that the India has entered into an agreement to providefits from the medical hospitalisation services for its members without above mentioned paying any amount for medical expenses. for triggering this • If the hospitalisation is in the non-network ws: hospital, the insured can complete his/her spitalisation for at hospitalisation, pay the bills and follow the process of reimbursement of expenses.active treatment,aim reimbursement • One must intimate about one’s claim within 24 hours from admission. red include stayes, doctor’s fees, To claim reimbursement, documents playons and diagnostics important role. All hospitalisation original bills etc. must be submitted for claim within 30 days frombe liable to pay discharge date or within 7 days from treatmentoculation or change completion date, whichever comes earlier. esthetic treatmenty for correction of Nobody can deny innumerable benefits andes, contact lenses, need of health insurance. It deflates the impact of increasing healthcare expenses and offers the much-needed coverage at the time of need. RR ensures that its medical insurance policy, with right terms and payoffs, reaps the maximum benefits to its employees. Seema naqvi Manager – Human Resource e-mail: [email protected]
sect06TReeaa
tion06 aacmh
PRoGRESS UPDATE DeCeMBeR, 2017 • Transformer yard, HT panel cabling works are in progress, transformer installation completed • Structural works of north side boundary wall are in progress • Road and structure development works on east and north side are in progress • MS toilet loft work on all floors completed, staircase MS loft in progress and MS staircase railing work in progress • MS roof truss in auditorium VI & VII and installation of puff sheet roofing completed • Civil structural works in auditorium I & II is 50 per cent complete and in auditorium iii is 70 per cent complete and in auditorium IV & V is 90 per cent complete • Slab casting of food court roof completed, slab shuttering for the connecting corridors is in progress • Parapet wall construction on west side service corridors almost complete • Firefighting, PA system and plumbing works at ground and first floor are in progress • Retail toilet civil works at ground and first floor are in progress • North side’s guard house civil work completed and stone cladding is in progress • STP completed, DG – 750 KVA DG installed and operational, LT Panel room and air washer room work completed • External staircase work is in progress
PRoGRESS UPDATE DeCeMBeR, 2017 • 90 per cent of RCC structure work at basement I & II completed • RCC structure of ground floor and first floor of all Towers A, B & C completed • RCC structure work at second floor of Tower C completed and of Tower A & B 50 per cent completed • RCC structure work of Tower C’s third floor completed, at fourth floor 60 per cent completed • Civil work at Basement I & II almost complete, plaster work is in progress • Blockwork at ground & first floor of Tower B & C is in progress • Tremix work at basement II almost complete, and at basement i is in progress • Drain cover work at basement II is in progress. • STP and transformer civil works at Tower B are in progress
aP ewr f oarrm da necde Mr.jitendra Kumar (Project head) is praisingMr.Dambar Bahadur Basnet (Project Manager) with Purple helmet Dambar Bahadur Basnet and SITE SPARK of the Mon
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