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THE SIGNATURE GROUP

Signature Colonizers is a young but leading construction company in Bhopal. The company is managed by highly qualified and successful professionals who are fully engrossed to ensure that the company maintains its high standards in quality construction, timely delivery and customer satisfaction. These people have vast experience and expertise in there field and they unite together to create Signature Colonizers. The company endeavor to ensure that their project measures up to the city’s growing and changing needs. Our prestigious upcoming project has offered an opportunity of high and luxury living with modern amenities to enjoy the perfect get-away in your home. The company has a diverse range of expertise that allows them to have a good oversight and management of all aspects of a project right from the acquisition of land, architectural planning, construction, sales to after sales service. The company’s projects are located in the most desirable and exclusive locations and homes are built under high quality specification that has become synonymous with the group.

Mission Our mission is just not only building better homes , but also to provide better facilities, in order to offer a life of better quality & change the definition of lifestyle by catering to different market segments in India by providing quality real estate products at reasonable prices.

Vision To be the most sought-after construction company for dream lifestyle projects in which meeting the challenges of execution, safety, and schedule set us apart from our competition. Signature Colonizers is a young but leading construction company in Bhopal. The company is managed by highly qualified and successful professionals who are fully engrossed to ensure that the company maintains its high standards in quality construction, timely delivery and customer satisfaction. These people have vast experience and expertise in there field and they unite together to create Signature Colonizers. The company endeavor to ensure that their project measures up to the city’s growing and changing needs. Our prestigious upcoming project has offered an opportunity of high and luxury living with modern amenities to enjoy the perfect get-away in your home.

The company has a diverse range of expertise that allows them to have a good oversight and management of all aspects of a project right from the acquisition of land, architectural planning, construction, sales to after sales service. The company’s projects are located in the most desirable and exclusive locations and homes are built under high quality specification that has become synonymous with the group.

Our Future With our philosophy, values, and mission firmly in place, we are targeting controlled growth and sustained profitability in the future. Our responsibility to our clients, employees, and shareholders remain the principal focus of our operations and is defined by our corporate values. As we move into the future, Signature Colonizers is better prepared now than ever before and will take its ventures beyond imaginations – transforming dreams to physical reality that can be touched and felt. With the rough road ahead, we are ready to take on whatever challenges that come its way without losing sight of its vision; all of us at Signature Colonizers remain committed to excellence and growth.



DLF, Unitech, Omaxe, Ansals attracted towards small cities for growth

Growing demand for homes in smaller cities of the country is attracting big national real estate players. Cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam are expected to add 354 million sq ft of residential development in the next three years.

According to a research report by Crisil Research, large builders like DLF, Unitech, Parsvnath, Omaxe, Ansals and Emaar MGF have already diversified into these cities, with an eye on future growth. These cities today show huge potential for growth, with 2011-12 itself expected to generate sales of Rs 18,000 crore.

These cities are attracting the big developers because of their considerable price stability and growth prospects. While prices of homes in large metros have seen a huge jump of 25-30% over the last two years, these tier-II cities have seen a moderate price increase of 10-12%.

"These markets will offer stable and less volatile options for real estate developers to diversify," says Prasad Koparkar, head-industry and customised research at Crisil Research. The research, which covered over 500 developers across these cities, pointed out that even if there is a considerable price correction in the larger cities over the next few months, smaller cities will remain stable or at worst see a moderate decline in prices.

In fact, the report by Crisil foresees prices rising in seven of the 10 smaller cities it has identified. In contrast, prices are likely to increase only in four of 10 large cities, it says. With economic activity picking up in these cities, there is a growing migration from smaller areas, which has created a shift towards an apartment culture. "This shift will aid volumes for larger developers in the future," says Koparkar.

Looking at this new demand, banks and financial institutions too are looking towards these cities to bridge the financial penetration gap. At the moment, the proportion of buyers taking home loans is relatively lesser in these smaller cities. A gradual increase in penetration of home loans would also boost demand. The growth prospects in the smaller cities are attracting large developers with multi-city presence.

"We had foreseen this demand in tier-II cities and are confident about their growth. The economic growth today is not just limited to the metros. Purchasing power, consumption and lifestyle changes have taken place in small cities as well. This cements our strategy of doing developments in tier-II cities," says Dinesh C Gupta, assistant vice-president (investor relations) at Ansal API. Ansal API has launched projects in Lucknow, Agra, Jaipur, Mohali and other small cities like Sonipat and Panipat.

"A majority of our projects today are outside of the metro cities," he adds. Local developers from these cities too are scaling up, looking at the big demand and new competition. Almost 80-90% of the new supply that is expected to hit these markets will come from these local developers, who understand the market better. Among the top 10 tier II cities, Surat, Bhopal and Jaipur are expected to get 38% of the new homes.



Builder's paradise
Real estate market booms in Bhopal

In public memory the name 'Bhopal' will forever remain associated with the gas tragedy, the world's worst industrial disaster that killed and maimed thousands 26 years ago. But there is much more to the capital of Madhya Pradesh, and one of its most intriguing features of late has been the way its realty sector has defied the trend prevailing in the rest of the country. At a time when real estate is reeling under the impact of a series of body blows - interest rates climbing higher and higher, scarce capital, a volatile Sensex, all of which are scaring away buyers - Bhopal seems entirely unaffected.

Even today, every other large hoarding in this town of 2.9 million advertises real estate projects. The demand is so great that Bhopal has no need for brokers to go out and woo customers - buyers in their thousands flock directly to the developers. "The last four quarters have been phenomenally good," says Lt. Vinay Bhadauria, Managing Director of realty company IBD Universal. "In Bhopal, we clocked sales of Rs 150 crore in the last financial year."

Bhadauria's sentiment is echoed by most other developers working in Bhopal. "We had phenomenal growth in the past year," says Rishabh Mahajan, Director, Ruchi Realty Holdings, part of the Rs 14,000-crore, Indore-based Ruchi Group. Global realty investor Sun Apollo Real Estate Advisors has acquired a 45 per cent stake in one of Ruchi's projects, Ruchi Lifescapes, being built over 85 acres at Jatkhedi, on Bhopal's outskirts. This is Sun Apollo's first investment in a nonmetro city in India. "They are very happy with their decision to invest here," says Mahajan. Naturally, since 55 per cent of the project is already sold, and it has already started paying back residual earnings to the promoters. Leading realty company Unitech too has a joint venture in Bhopal under its low cost brand, Unihomes. Records at the district registrar's office reveal that in the last three years, there has been a 42 per cent growth in the number of title deeds registered, from 41,214 in 2008/09 to 58,566 in 2010/11. Revenue from housing deals through stamp duty and registration charges has risen 65 per cent in the same period.

Currently, there are more than 50 construction projects in Bhopal, which will supply 40,000 housing units in the next two years. "There is a boom in Bhopal. Land and property prices have gone up manifold," says Nikunj Kumar Shrivastav, Bhopal's Collector.

But rising prices - at around 15 to 20 per cent per annum - have in no way dampened demand. Indeed the boom continues despite Shrivastav's office having steeply increased the 'guideline values' as well for localities in Bhopal - the minimum price at which a property in a particular area can be sold, akin to the circle rates in Delhi and other cities - by two to seven and a half times from April 1 this year. "We took the step after a detailed survey," says Shrivastav. "This will mean more revenue for the government apart from reducing the amount of black money in real estate."

The reason for such contrarian behaviour lies in the surge of development that has come to Bhopal in recent years. Industry is growing rapidly. Apart from the sprawling plants of the state owned Bharat Heavy Electricals Ltd, or BHEL, and the Bhilwara Group owned HEG, both of which were set up decades ago, the industrial cluster of Mandideep, 20 km south of Bhopal, houses the factories of, among others, Crompton Greaves, Lupin, Procter & Gamble, Parle Agro, and the Vardhaman Group.

Lupin has one of the country's biggest pharmaceutical facilities at Mandideep spread over 65 acres. The company selected the area for its operations in 1997 because of its infrastructural strengths. "That, coupled with the availability of skilled manpower makes it an ideal location," says Ramesh Swaminathan, President, Finance and Planning.

The government is also trying hard to develop Bhopal into an educational hub, Ã la Pune. The city already has 74 engineering colleges and five medical colleges. The All India Institute of Medical Sciences has set up a branch here, as has the National Institute of Fashion Technology. There is more to come: "The state government has earmarked 400 acres of land for educational institutions," says Shrivastav. All this activity is bringing thousands of newcomers to Bhopal - all of whom need homes.

No doubt there is a key difference between the real estate market of Bhopal and those of the metros: the prices are not in the same league. It is still possible to buy a well constructed, semi-detached house in Bhopal at the rate of Rs 2,000 to Rs 2,500 per sq. ft (Rs 22,000 to 28,000 per sq. m), or an apartment for between Rs 1,750 and Rs 2,250 per sq. ft. Even in high-end projects, the market rate is around Rs 2,600 per sq. ft. In comparison, the circle rate for residential properties is Delhi's expensive areas - which is well below the market rate - is Rs 7,740 per sq. ft. Land in Bhopal costs about one tenth of what it does in the metros, and overall profit margins too are far more modest.

"We are on an entirely different platform from the metros," says Sunil Moolchandani, Chairman of the Chinar Group, a prominent real estate group in the city. "That has kept most of the large national players away and prices are growing in a controlled manner."

The absence of big players, many feel, is a blessing in disguise as such companies artificially jack up real estate prices beyond the reach of the majority of consumers in smaller cities like Bhopal. Vineet Singh, Business Head of online real estate agent 99acres.com, notes that it was precisely this phenomenon that sent property prices shooting up in the cities of Lucknow and Kochi which ultimately boomeranged on the industry. Vinay Bhadauria, Managing Director, IBD Universal "The developers in these markets are feeling the pinch," he says. Moderate prices have gone in Bhopal's favour and kept the boom going, mitigating the impact of rising interest rates. "Affordable prices correct the impact of rising interest rates," says Ajay Mohgaonkar, copromoter of local realty firm Fortune Builders.

"Bhopal offers lessons for value engineering," says Gulam Zia, National Director, Research and Advisory Services, of real estate agents Knight Frank (India). He believes property prices in Bhopal are just right and there will be no correction. "The market in small towns like Bhopal never experienced either the property boom of 2006/07, or the correction that followed due to the global financial downturn in 2008/09," says Abhishek Kiran Gupta, Head of Research at real estate services company Jones Lang LaSalle. Both these trends were primarily confined to the metros and the emerging boom cities like Hyderabad and Pune.

Some experts, however, sound a note of caution. "The depth of the market has to be seen," says Anshuman Magazine, Chairman and Managing Director, South Asia, of realty firm CB Richard Ellis. "Bhopal might see construction growing at a good pace, but large scale projects are unlikely." But with infrastructure set to improve further - Bhopal airport will soon turn international, and the water supply to the city is being enhanced - such fears may prove groundless.




Panel set up for Bhopal Metro Rail

The Delhi Metro Rail Corporation (DMRC) will carry out a survey to explore the possibility of running metro rail service in Bhopal.

It will give a feasibility report soon to Madhya Pradesh Urban Administration Department (MPUAD).

The DMRC will complete the survey in six months for which it had received an amount of Rs 50 lakh, officials said adding a Memorandum of Understanding (MoU) has been inked between the MPUAD and DMRC in this regard, officials concerned said.

The MoU was signed by DMRC director Mangulal and MPUAD principal secretary Raghav Chandra in New Delhi on Monday, they said.

The DMRC will survey the possible route among other things for starting the metro rail services in Bhopal. It was a big beginning, Madhya Pradesh Urban Administration and Development Minister Babulal Gaur said.

He said that the work will take time but once accomplished it will provide the ultra-modern public transport system to the people of Bhopal.

Gaur said that if the metro rail system works out, the congestion on road will come down which will also lower the chances of fatal accidents as well.




Upcoming New project of Multiplax and Mall in Bhopal by Gammon Builder











MEENAL RESIDENCY - Live life in peace

'To unleash big dreams in a low budget...'. This resolution has been made easier and brought to life by 'Meenal Residency ' constructed by Raj Homes and is situated at J.K. Road. This is a mega project worth Rs 250 crore and is proposed for an area of 300 acres. It tries to impart and in corporate basic elements of design into construction and also premises to offer something new. An indeed Resi. colony of around 5,000 duplex, bungalows boasts of offering every type of facility for its residents. Meenal Residency believes in the motto 'clean and green' facet and designates the setup accordingly. Other constructions of Raj homes include 'Meenal complex I & II, Meenal view first & second (Both Punjabi Baghs), Raj Vihar (Piplani), E-7 and other multi building projects.

A Home For Everyone
Duplex bungalows in eight categories have prices ranging form 5.27 lack to 16.74 lacks. Equal facility to all is kept a note of. An HDFC Representative is granted a place at the colony premises, to assist people in financing loans there & then on the site.

Care about necessities
For miscellaneous and sundry necessities of residents, there is a four-storied shopping complex (with basement) with 500 shops under construction at the site. Company Director Sanjay Mehta Says" This shopping complex would never let the residents miss the complexes of Mumbai & Delhi in Bhopal. People won't mess up with crowd here. For that parking, broad landings in stairs, lift etc are planned on the shopping area. The upper stories are meant and reserved for commercial offices.

Facilities:
  • Broad Roadscape: Interior road 20 feet wide & main road 40 feet wide.
  • Lawn in the front and wash area at the backyard of every house.
  • Sweepers to collect garbage from every house.
  • 6 years warranty on construction material used.
  • Full assurance of security.
  • No extra money charged after registration.
 
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