Rustomjee Crown: Luxury Homes in the Upscale Southern Neighbourhood of Mumbai, Prabhadevi

Mumbai, Maharashtra, India –

Located in the heart of South Mumbai - Prabhadevi, Rustomjee Crown is suitable for buyers looking for super-premium homes in that part of the city. The project that recorded a significant percentage of sales across South Mumbai & has further strengthened its position as a highly sought-after property. Demanding a premium rate of Rs.72,829 per sq. ft. (source: Zapkey), this project is among the premium offerings by Rustomjee.
 
Spread across 5.75 acres, Rustomjee Crown offers three high-rise towers with lavish 3, 4 & 5 bedroom residences.
 
While the Eden Residences overlook the lush green landscape, the Oceanscape Residences offer serene views of the Arabian Sea as they rise as high as 68 floors. With over 60 amenities spread over 2.5 acres of landscaped podium namely a solitude forest, a viewing deck, an all-weather pool, a lagoon pool, a leisure pool, a floating lounge and many more, one would find it hard to step out from their home.
 
This festive season, Rustomjee Crown has introduced an opportunity called The Limited Period Plan wherein one has to pay just 20% of the apartment value to book a residence.
 
The remaining payment has been spaced out from the date of the first payment till receipt of Occupation Certificate of the property. Talking about the recent sales and new offerings, Mr. Rakesh Setia – Chief Sales Officer, Rustomjee said, “Rustomjee Crown redefines luxury. From the views of the Arabian sea to access to 60+ amenities, this project has everything that a discerning buyer needs. The Limited Period Plan, will surely be a boon to buyers across the spectrum.”
 
Situated in Prabhadevi, a quiet, upscale Southern neighbourhood of Mumbai, Rustomjee Crown is located in proximity to the high street retail destinations, fine dining restaurants and business districts. 

Projected to be handed over in 2023-24, Rustomjee Crown is emerging as a highly sought-after project in Prabhadevi.

About Rustomjee

Rustomjee Group has carved a niche in the ever-growing real estate sector, with a development portfolio of 20 million square feet of completed projects spanning across the Mumbai Metropolitan Region.
 
Rustomjee Group's portfolio includes two township developments in Thane and Virar, as well as large residential developments, commercial spaces, retail, and educational institutions spread across Mumbai City in Prabhadevi, BKC Annexe, Bandra (E), Khar, Andheri, Borivali and Bhandup.
 
Rustomjee Group is committed to adding value to the lives of the homeowners through its core business, corporate social responsibility initiatives and philanthropy. Rustomjee Group ensures that every development blueprint includes child-friendly spaces, parks, playgrounds and learning rooms and thereby encouraging families to spend quality time.

MahaRERA Registration No. Rustomjee Crown Phase 1 - P51900003268, Phase 2 - P51900006367. Listed on the website: http://maharera.mahaonline.gov.in/

Office Sector Leasing Records a 66 Percent Rise, Crosses 42 mn. sq. ft. in 9M 2022

India –

CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, today announced the findings of its latest office report, ‘CBRE India Office Figures Q3 2022’. As per the report findings, the office sector in India witnessed gross absorption of 42.1 mn. sq. ft. during 9M 2022, registering a growth of 66% (Y-o-Y). Supply grew by 4% to 35.6 mn. sq. ft. (Y-o-Y). As per the report, Bangalore, Delhi-NCR and Chennai led the space absorption, together accounting for 62% of the total transaction activity in 9M 2022. 

City Highlights:   Bangalore emerged as the frontrunner in overall office leasing in Q3 2022 •  Non-SEZ buildings led overall supply and absorption. •  Key sectors driving absorption included technology corporates (37%) and flexible space operators (35%) followed by engineering & manufacturing (17%) firms.  Hyderabad’s office leasing led by technology corporates •  Space take-up was witnessed mainly across IT segments with a share of 74%. •  Key sectors driving absorption included technology (44%), followed by engineering & manufacturing (23%) and flexible space operators (16%).  Delhi-NCR witnessed sustained occupier traction, led by flex and technology players •  Medium-sized deals dominated the absorption. •  Key sectors driving absorption included flexible space operators (19%), technology (13%), and BFSI (13%).  Mumbai’s absorption was led by several large sized deals by BFSI players •  Space take-up was witnessed across IT and non-IT segments with a share of 43% and 57%, respectively. •  Key sectors driving absorption included BFSI firms (58%), engineering & manufacturing (16%) and flexible space operators (7%).  Chennai’s absorption outpaced supply •  Space take-up was witnessed across IT and SEZ segments with a share of 53% and 39%, respectively. •  Key sectors driving absorption included BFSI (28%), technology (23%), and flexible space operators (18%).  Pune’s absorption led by research, consulting & analytics firms, technology and flex players •  Space take-up was witnessed mainly across IT segments with a share of 72%. •  Key sectors driving absorption included Research, consulting & analytics (36%), technology (26%) and flexible space operators (22%)  Kolkata saw technology firms leading quarterly absorption •  Space take-up was mainly led by IT assets with a share of 89%. •  Key sectors driving absorption included technology firms (37%), media and marketing (18%) and BFSI (13%) companies.  Kochi Quarterly absorption led by tech players •  Leasing activity was primarily witnessed in SEZ spaces. •  Technology firms drove 100% absorption in the city.  Ahmedabad BFSI and flex drive quarterly leasing •  Non-IT spaces accounted for 100% share of supply and 72% of absorption. •  Key sectors driving absorption included BFSI (50%), flexible space operators (46%) and technology corporates (2%).

 

On a quarterly basis, technology corporates continued to drive leasing with a share of

24%, followed by flexible space operators (23%), BFSI players (20%), engineering & manufacturing companies (13%), research, consulting & analytics (5%) and life sciences (3%) firms. The cumulative share of flexible space operators and BFSI firms grew from 22% in Q2 to 43% in Q3 2022. The non-SEZ segment continued to dominate development completions during Q3 2022, as its share rose to 93% from 62% in the previous quarter.

The report points out that small- (less than 10,000 sq. ft.) to medium-sized (10,000 – 50,000 sq. ft.) transactions drove leasing activity with a share of 85%, which was largely stable on a Q-o-Q basis. The share of large-sized deals (more than 100,000 sq. ft.) increased marginally to 7% from 6% in Q2 2022. Bangalore followed by Mumbai, Delhi-NCR, and Hyderabad dominated large-sized deal closures during Q3 2022, while a few such deals were also reported in Pune, Chennai, and Ahmedabad.

With sustained recovery in leasing, moderating vacancy levels and persistent demand for investment-grade assets, the rental recovery continued across cities as multiple micro-markets across Delhi-NCR, Mumbai, Chennai, Pune and NBD Manyata in Bangalore witnessed a rental growth of 1-6% on a quarterly basis.

Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, “Compared to 9M 2021, the office sector witnessed a phenomenal recovery in leasing activity in 9M 2022 with the easing of COVID-19 restrictions, a gradual acceleration of return to office (RTO), expansion by occupiers and the release of post-pandemic pent-up demand.
 
The improvement in occupiers’ sentiments was reflected in a pick-up in tenant enquiries and tour requests - in September 2022, the APAC leasing market sentiment index for India continued to be the highest amongst major APAC markets. Though growth in hiring and technology spending is expected to moderate in the short- to medium-term after witnessing an increase post the pandemic, long-term fundamentals are expected to be resilient.”

Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, said, “The technology sector would continue to drive leasing activity during the remaining period of 2022. Space take-up by sectors such as BFSI, flexible spaces, engineering & manufacturing, and life sciences is also anticipated to grow on an annual basis. We also expect the supply pipeline to remain strong and rental values to remain range-bound or witness some growth towards the close of 2022.”

Outlook and other observations 

•  Cautious expansion by occupiers to continue in 2022 

​As inflation persists across most major economies, aggressive monetary tightening by central banks worldwide is expected to continue; therefore, we anticipate a mild economic downturn in several economies in the times to come. The impact of this economic downturn on global corporates’ leasing in India is yet to be determined - as for some these factors may slightly weigh on leasing activity towards the end of the year or in 2023, while for others India may continue to remain an attractive, cost-effective option. 

•  Supply pipeline to remain strong: The supply pipeline remains strong as high-quality, investment-grade supply by leading developers and institutional owners in prime locations would continue to draw flight-to-quality space take-up. Bangalore, Hyderabad and Delhi-NCR are anticipated to continue to dominate supply in the coming quarters. Non-SEZ buildings would drive development completions, while the share of SEZ supply is likely to decline going forward. Moreover, a strong leasing performance in 2022 is likely to cause vacancy rates to dip marginally or remain range-bound across cities by the end of the year. 

•  RTO to pick up amidst hybrid working arrangements: With pandemic restrictions completely lifted across cities, RTO is likely to continue to pick up as varying occupancies are currently observed across offices. Hybrid working would also enable occupiers to strengthen portfolio agility and shield themselves from economic fluctuations. 

•  Rising fit-out and construction costs: Inflationary pressures caused by demand-supply imbalances and supply chain disruptions post COVID-19 led to an escalation in raw material and labor costs this year – leading to increase in new fit-out, construction and operating costs. To mitigate these challenges, occupiers may also adopt strategies such as re-evaluating their CapEx plans with respect to fit-out and other capital-intensive programmes; develop budgets in advance to account for RTO and cost inflation; consider ownership as a hedge against inflation; attract and retain facilities management staff and vendors; reduce energy costs; automate basic manual tasks through smart building technologies and proactively manage supply chain risks. 

•  Technology, wellness, and sustainability to be high on occupiers’ agenda: Occupancy sensors to track space utilization and enhanced video conferencing to optimize the meeting experience are some of the tools that the occupiers are likely to adopt to ensure the smooth functioning of hybrid working models. Also, with the rising awareness about wellness and sustainability in the workplace, several occupiers are considering initiatives such as enhancing indoor air quality, integrating touchless technologies, fitness facilities, etc. to improve employee health & well-being.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
 
CBRE was the first International Property Consultancy to set up an office in India in 1994. Since then, the operations have grown to include more than 10,000 professionals across 15 offices with a presence in over 80 cities in India. As a leading international property consultancy, CBRE provides clients with a wide range of real estate solutions, including Strategic Consulting, Valuations/Appraisals, Capital Markets, Agency Services, and Project Management. The guiding principle at CBRE is to provide strategic solutions that make real estate holdings more productive and economically efficient for its clients across all service lines. Please visit our website at https://www.cbre.co.in/

Pre-Leased Property Investment Is Hot Right Now – The Safest Bet At The Moment!

Counted as one of the important capital appreciation avenues, real estate investment has emerged as a stable, smart, and profitable choice for many, offering varied forms of diversification. When it comes to the commercial real estate segment, commercial spaces including retail and office, are high in demand for investment providing a secondary form of income.

Owing to its hefty investment, commercial real estate can be considered an expensive affair, meant specifically for UHNIs, HNIs, or corporates. But this is not the case. Over the years, property investment has gained prominence and also captured the attention of professionals equally and this investment is definitely within their reach. As compared to a residential space, the most conventional form of investment, rents and lease both are much higher and longer in a commercial space. Thus, initial investment and returns too are much more than the former counterpart. Not to forget, factors, such as stable returns, tax benefits, and ownership of property, adds to the popularity of a commercial space situated at a prime location.

Finding the right tenant with a profitable income is one plaguing question in everyone’s mind as this impacts significantly one’s loan repayment plans and other financial decisions. This is where pre-leased commercial properties come into the picture. At the time of buying the asset, the investor is assured of consistent income from Day 1 itself with all acquired documentation in place.

Providing more stability and medium to low risk to investors, pre-rented commercial properties are the safest and most secure investment. With quick saleable routes available, the demand for Grade-A properties is all-time high with pre-leased properties offering an average of 12-18 per cent return, combining capital appreciation and rental increase. The demand for pre-leased commercial properties is also expected set to surge within one year.

The responsibility of maintaining the property also lies with the tenant. Pre-leased properties give one an option of securing rental with a minimum 3-year lock-in period to well-known companies. With our country demonstrating economic growth, demand for commercial space will rise and so will the ROI of investors.

Investment in a commercial property is a safe and lucrative avenue providing multiple advantages, such as capital appreciation, regular income, secured property, and compliance information, and a trusted consultant plays a vital role in taking commercial investment decisions ranging from a single property to curated collection of many assets, besides strategic support through all the phases of transactions, including legalities, documentation and transfer process. Realistic Realtors is India’s leading and eminent commercial real estate advisory firm that has etched its indelible footprint in over 425 cities. Backed by its 2-decade experience in real estate and market intelligence, it offers a complete spectrum of personalized and end-to-end Investment Advisory services to its patrons.

Embassy REIT Announces Q2 FY2023 Results, Delivers Another Strong Quarter With 1.6 Million Square Feet Total Leases

Bangalore, Karnataka, India –

•  Leased 1.6 msf at 22% leasing spreads, including 0.6 msf new leases and 0.5 msf pre-commitment to ANZ(1)

•  Launched 2.5 msf new and redevelopment projects, highest ever active development pipeline of 7.1 msf

•  Grew net operating income by 13% YoY; strong balance sheet with 66% of total debt at fixed rates​

Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results for the second quarter ended September 30, 2022. The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of Rs. 5,175 million or Rs. 5.46 per unit for Q2 FY2023. The record date for the Q2 FY2023 distribution is November 1, 2022, and the distribution will be paid on or before November 4, 2022.
 
Vikaash Khdloya, Chief Executive Officer of Embassy REIT, said, “We are pleased to deliver another excellent quarter of 1.6 msf of total leasing and remain on track to meet our FY2023 guidance. Despite recessionary concerns globally, the world’s best companies continue to partner with institutional landlords like Embassy REIT to capitalize on India’s structural advantages as a scalable and cost-efficient tech talent hub. With 7.1 msf of best-in-class development, a fortress balance sheet with low leverage, and debt at attractive 7.1% cost with majority at fixed rates, we are well positioned to deliver the next phase of growth.”
 
Business Highlights 

•  Leased 1.6 msf across 27 deals, including 0.6 msf of new leasing and 0.5 msf pre-commitment by ANZ (1) at Embassy Manyata

•  Added 15 new high-growth occupiers; achieved 22% positive leasing spreads on 1.6 msf and 14% rent escalations on 2.7 msf

•  Received 5-star ratings for entire portfolio from GRESB and the British Safety Council, both globally renowned ESG and wellness certifications 

Financial Highlights 

•  Grew Net Operating Income by 13% YoY to Rs. 7,038 million with operating margin of 82%

•  Grew Net Asset Value by 3% YoY to Rs. 400.71 per unit; announced distributions of Rs. 5,175 million or Rs. 5.46 per unit

•  Maintained strong balance sheet with low leverage of 26% and Rs. 112 billion proforma debt headroom

•  Refinanced Rs. 7.5 billion debt resulting in 7.1% interest cost for Rs. 136 billion debt book, with 66% at fixed rate for 2.3 years 

Growth Highlights 

•  Launched 1.2 msf office block redevelopment at Embassy Manyata, Bangalore, at attractive 22% yield on cost

•  Kickstarted 1.3 msf new office developments at Embassy Manyata, taking our active development pipeline to 7.1 msf with total capital investments of Rs. 32 billion and over 80% in Bangalore, India’s top-performing office market

•  Signed non-binding offer letters for the potential acquisition of two high-quality office properties in Bangalore and Chennai from Embassy Sponsor and its affiliates; properties total 7.1 msf of leasable area, of which 3.7 msf is completed or nearing completion 

Investor Materials and Quarterly Investor Call Details
 
Embassy REIT has released a package of information on the quarterly results and performance, that includes (i) reviewed condensed consolidated and reviewed condensed standalone financial statements for the quarter and half ended September 30, 2022, (ii) an earnings presentation covering Q2 FY2023 results, and (iii) supplemental operating and financial data book that is in-line with leading reporting practices across global REITs. All these materials are available in the Investors section of our website at www.embassyofficeparks.com.
 
Embassy REIT will host a conference call on October 21, 2022, at 11:30 hours Indian Standard Time to discuss the Q2 FY2023 results. A replay of the call will be available in the Investors section of our website at www.embassyofficeparks.com.

About Embassy REIT
 
Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 43.2 msf portfolio of eight infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bangalore, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio comprises 33.4 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. For more information, please visit www.embassyofficeparks.com.

Disclaimer
 
This press release is prepared for general information purposes only. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verified and may be subject to change without notice. Embassy Office Parks Management Services Private Limited (“the Manager”) in its capacity as the Manager of Embassy REIT, and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Each recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of Embassy REIT. Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units.
 
This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Embassy REIT or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. The Manager disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained, such as COVID-19. In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’, ‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’ and similar expressions identify forward-looking statements.
 
This press release also contains certain financial measures which are not measures determined based on GAAP, Ind-AS or any other internationally accepted accounting principles, and the recipient should not consider such items as an alternative to the historical financial results or other indicators of Embassy REIT's cash flow based on Ind-AS or IFRS. These non-GAAP financial measures, as defined by the Manager, may not be comparable to similarly titled measures as presented by other REITs due to differences in the way non-GAAP financial measures are calculated. Even though the non-GAAP financial measures are used by management to assess Embassy REIT's financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipient should not consider them in isolation or as substitutes for analysis of Embassy REIT's financial position or results of operations as reported under Ind-AS or IFRS. Certain figures in this press release have been subject to rounding off adjustments. Actual legal entity name of occupiers may differ. The non-binding offer letters are subject to diligence, entry into definitive agreements and obtain approvals, including from third parties, unitholders and regulatory authorities to the extent applicable. There is no assurance that any transactions will be entered pursuant to the offer letters or the terms and timing of any such transactions.

Birla Estates Acquires 10 Acre Land Parcel in Bengaluru; Eyes Revenue Worth INR 900 Crores

Acquisition of the land parcel in Raja Rajeshwari Nagar marks Birla Estates’ fourth project in Bengaluru, to hit the market by 2023 

Bengaluru, Karnataka, India – Birla Estates Pvt. Limited, a 100% wholly owned subsidiary and the real estate arm of Century Textiles and Industries Limited (CTIL), announced its acquisition of a 10-acre land parcel at Raja Rajeshwari Nagar, South Bengaluru. The project has a development potential of 1 Mn sq. ft. with a revenue potential of INR 900 Crores.

The land parcel is located in a well-developed neighbourhood that is easily accessible from the Outer Ring Road as well as the 10-lane Bengaluru-Mysore Highway. It is one of the largest land parcels available for vertical development in the vicinity, dominated by plots and individual houses and Birla Estates plans to launch a premium residential development. This is in line with other land parcels developed by Birla Estates across the company’s key markets.

Commenting on the company’s new project, Mr. K.T Jithendran, CEO, Birla Estates said, “We are delighted to announce our fourth project in Bengaluru at Raja Rajeshwari Nagar. Being one of the largest land parcels in this location, it is a perfect fit for our vision to create LIFEDESIGNED© urban premium options for residents of south Bengaluru. This outright acquisition is in line with our aggressive expansion plans across key markets of Bengaluru, MMR, Pune and NCR regions.”

To date, Birla Estates has launched two projects in Bengaluru – Birla Alokya at Whitefield and Birla Tisya in Rajajinagar. The third project, announced in early 2022 is an integrated mini-township project in North Bengaluru. Both the projects are expected to be launched in the next financial year.

Currently, Birla Estates has five ongoing residential developments spread across the Mumbai Metropolitan Region (MMR), Bengaluru, and the National Capital Region (NCR) – with new projects planned in each of these markets.

About Birla Estates

Birla Estates Private Limited is a 100% wholly owned subsidiary of Century Textiles and Industries Limited (CTIL), foraying into real estate. The initial focus of Birla Estates is leveraging the trust it enjoys, to make a difference in the sector and add value to the consumer through development of premium/higher mid-income residential housing. In the long term, the company is focused on developing world class residential, commercial and mixed-use properties and to be amongst the top real estate companies in India. Birla Estates will use a capital efficient, asset light model to source Joint Venture, ideally in Mumbai, MMR, Pune, Bangalore and NCR – which account for around 70% of the Pan India residential market – and develop the brand. The company’s focus on efficiency in design, customer centricity, sustainability and execution excellence will differentiate its offerings from those of its competitors. The company is headquartered at Mumbai and currently has regional offices in NCR and Bangalore. The business has a well- established commercial portfolio with 2 grade-A commercial buildings located in Worli, Mumbai with ~6 lakh square feet of leasable area. Birla Estates is working on developing the valuable portfolio large of land owned by CTIL. These parcels are located in prominent micro-markets of Mumbai – Worli / Prabhadevi / Kalyan, Pune – Talegaon & Bangalore. 

Embassy REIT Inaugurates EcoHub, an Integrated Waste Management Centre in Bengaluru Benefitting 4000 Households

Bengaluru, Karnataka, India

Embassy REIT, in partnership with The Anonymous Indian Charitable Trust (TAICT) and the Bettahalasuru Panchayat, today inaugurated EcoHub, an integrated solid waste management centre in the presence of Shri Krishna Byre Gowda, Honourable MLA – Byatarayanapura in North Bengaluru. The project was built under Embassy REIT’s flagship waste management initiative ‘EcoGram’ and will benefit around 4000 households across 10 villages.

The project will be instrumental in providing decentralised, sustainable solid waste management services to the Bettahalasuru Panchayat as well as large commercial establishments in North Bangalore. It has also created employment and livelihood opportunities through waste stream management.

Sri Krishna Byre Gowda, Honourable MLA – Byatarayanapura, said, “Since 2016, Embassy and TAICT have been committed to creating a sustainable model Gram Panchayat in North Bangalore. Developing solutions to tackle the issue of waste is critical. This new integrated waste collection centre will go a long way towards promoting a more sustainable waste management system, benefitting 10 villages in the Bettahalasuru Panchayat. We hope that this model can be replicated through Bangalore, making the city brighter, cleaner, and more engaged.”

Shaina Ganapathy, Head of Community Outreach, Embassy Group, said, “EcoGram has become a benchmark in developing a sustainable model that can act as a blueprint for corporates looking to partner with the Gram Panchayat to create sustainable waste management solutions. Thanks to the awareness efforts carried out by TAICT, the Panchayat has already reached a segregation level of around 85% for households and 92% for bulk generators. Our aim is to continue building processes and infrastructure that catalyse communities and enable us to have a wider impact.”

Myriam Shankar, Managing Trustee, The Anonymous Indian Charitable Trust, said, “We are very grateful to Embassy REIT, our CSR partner who has supported us throughout this journey. Instead of dumping waste indiscriminately, we are now processing close to 3 tonnes a day segregated into 42 categories of dry waste and composting the organic waste to give it back to farmers rather than polluting our land indefinitely. With this facility, 90% of the waste generated can now be turned into resources, whereas disposal previously posed a serious health risk. The EcoHub is also a place where people who work with waste can do this safely and with dignity, and Hasirudala Innovations was a natural partner for operations, as their mission is to achieve this.”
 
To encourage responsible waste management practices in and around its business parks, Embassy REIT rolled out EcoGram in 2016, in partnership with TAICT. EcoGram aims to create a model Gram Panchayat by building processes and infrastructure for sustainable decentralised waste management, enhancing the soil quality and water conservation to strengthen the foundations of responsible growth by bringing together community members, local governments, and government school children. Prior to EcoGram’s project and initiatives, debris from around 2500 waste generators (at the rate of 53 metric tons per month) were being dumped and burnt, causing air, water, and soil pollution.

About Embassy REIT

Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 42.8 msf portfolio of eight infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bangalore, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio comprises 33.8 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. For more information, please visit www.embassyofficeparks.com

Never Before, Never Again Prices at the Dosti Home Buying Festival

Mumbai, Maharashtra, India –

•  Celebrating the 10th year of Dosti Friendship Month

•  1 BHK, 2 BHK, 3 BHK, and 4 BHK configurations with fabulous offers

•  Special Spot Booking and Happy Hours Offers over and above

Dosti Realty, a name synonymous in the realty segment for developing ground-breaking projects and transforming skylines is back for that favourite home buying time of the year as they announce the commencement of the 10th Season of its popular Dosti Friendship Month.

Aimed at strengthening its relationship with its existing and potential customers, Dosti Realty brings fabulous offers and incentives for serious home buyers every August. Dosti Friendship Month is a great opportunity for anyone looking to buy a home at an incredible price. This being the 10th year of the celebration month, the offers are much bigger and better for both home buyers as well as the channel partner fraternity.
 
The offers are spread across Dosti’s 5 ongoing projects Dosti Eastern Bay at New Wadala, Dosti Mezzo 22 at Sion, Dosti West County – Dosti Nest, and Dosti Tulip at Thane (W), and Dosti Planet North – Shil Thane.
 
There is a special 5.99% subvention home loan interest for 24 months / Pre - EMI Holiday offer*** from financial institutions to reduce the pressure of the initial output that one might incur on select projects. Besides this, Dosti Realty is offering a 0% stamp Duty and Registration Charges Benefit across all these projects. 
 
Considering this is the 10th year of Dosti Friendship Month Celebrations the surprises don’t stop here. If you ‘Act Now’ you will definitely ‘Go WOW’ with the Happy Hours* and Spot Booking Offers* across all the projects that help a serious home buyer, get additional benefits on an instant purchase. 
 
This year’s special campaign has been designed to ensure potential customers benefit by raising their property purchase experience. In Dosti Eastern Bay at New Wadala, one can purchase luxurious 2, 3, and 4 BHK Homes from Rs. 2.06 CR onwards** with GST and other charges additional. Another surprise at Dosti Eastern Bay is also the Launch of higher floor residencies with Deck*. At Dosti Mezzo 22 the newly launched projected in the heart of Sion exquisite 2 and 3 BHK apartments are priced at Rs. 2.11 CR onwards** with GST and other charges additional.
 
For the Thane (W) projects Dosti West County – Dosti Tulip and Dosti Nest there is an additional benefit of Any Floor, Same Price*. So, in Dosti Tulip one can get 2 and 3 BHK Homes with the best of County Living at Rs. 1.09 CR onwards** (All inclusive). While the 1 BHK Homes at Dosti Nest which offer an-inclusive lifestyle are at Rs. 44.04 Lakhs onwards ** (All inclusive)
 
At Dosti Planet North – Sector 3 in Shil Thane, there is Gold Offer worth up to 3.89 Lakhs*. So, 1 BHK homes are at Rs. 44.90 Lakhs onwards** (All inclusive) while the 2 BHK Homes are at Rs 57.69 Lakhs onwards** (All inclusive) and there are 3 BHK’s also available.
 
Commenting on the campaign, Mr. Deepak Goradia - Chairman and Managing Director, Dosti Realty, says, “Dosti Friendship Month is the annual chance for serious home buyers to get their dream home at a phenomenal price. Dosti Realty has always tried to create a ‘friendly' relationship with its customers which extends well beyond the closing of a sale. As we all know, friendship day is generally celebrated in August, so 10 years back we thought why not celebrate it for a whole month. This is our token of friendship to our potential customers welcoming them to become a part of the Dosti Realty family. Over the years this has been well appreciated and people now look forward to it because of the amazing savings benefits. The past 2 years have enlightened people on the importance of owning a home both from an investment and lifestyle point of view. We hope to fulfill these aspirations by making their dreams a reality and creating ‘Friends for Life’.”
 
Dosti West County- Dosti Tulip project is registered under MahaRERA No. P51700032666, Dosti West County- Dosti Nest - Phase 1 project is registered under MahaRERA No. P51700033640, Dosti West County- Dosti Nest - Phase 2 project is registered under MahaRERA No. P51700033663, Dosti Eastern Bay-Phase 1 is registered under RERA No. P51900025142, Phase 2 is registered under RERA No. P51900030769, Phase 3 is registered under RERA No. P51900032067, Dosti Mezzo 22 is registered under MahaRERA No. P51900026976, Dosti Planet North - Sector 3 is registered under MahaRERA No.: P51700034985 and are available on the website -https://maharerait.mahaonline.gov.in under registered projects. For Dosti West County Strategy Partner is Anarock Property Consultants Pvt Ltd with MahaRERA registration no. A51900000108 is available at https://maharera.mahaonline.gov.in. 

Please note that the sale/lease of premises in the above-referred project shall be subject to and governed by the terms and conditions of the Agreement for Sale/lease. ***Financial Institution Pre-EMI & Subvention Scheme subject to eligibility. Valid for Dosti Eastern Bay, Dosti Mezzo 22, Dosti West County- Dosti Nest & Dosti Tulip. **After deducting monetary benefits instead of the offers. *T & C Apply.

About Dosti Realty

Dosti Realty has been in the real estate business for over 4 decades and delivered more than 127 properties to date, providing homes to over 10,000+ families. Encompassing a portfolio of having delivered over 11.44 mn. sq. ft. and currently constructing around 6 mn. sq. ft. across Mumbai and Thane, the company has experience in various development types, be it Residential, Retail, IT Parks, etc. Over the years, it has been known for its Aesthetics, Innovation, Quality, Timely Delivery, Trust, and Transparency, Values that have built lasting relationships.