IT Project

in

Gwalior (M.P.)

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TABLE OF CONTENTS

Page No.

Executive Summary 3-6

1. Information Technology Macro View ………… 7-11

1.1 Global Economy Macro View

1.2 Indian Information technology Industry

2. ABC Group 12-15

2.1 Introduction

2.2 Project implemented

2.3 Projects on Going

2.4 Board of Directors

3. Madhya Pradesh as IT Hub 16-18

4. Gwalior Project- Proposal 19-21

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Executive Summary

National Skill Development Corporation (NSDC) had mandated KPMG Advisory Services Pvt Ltd to undertake a District level Skill Gap Study of the state of Madhya Pradesh, involving various Departments of the Government of Madhya Pradesh, and Industry Bodies, as key stakeholders. The study focused on identifying district-wise incremental skilling requirements in Madhya Pradesh during the period 2012-22, for the potential growth sectors in Madhya Pradesh. A roadmap for skill development initiatives in the state is proposed through recommendations for key stakeholders.

Extensive district level primary interactions including discussions with industries, vocational training providers and Government officers, were conducted. Focused group discussions were organized to understand youth aspirations towards employment. Global and Indian best practices in skill training have also been studied. The demographic and social profile of Madhya Pradesh presents a unique human resource opportunity for economic growth through manpower skilling. Availability of working age population, measured from the 15-59 age group population, is estimated to grow from 4.34 million in 2012 to 4.83 million by 2017 to 5.28 million by 2022..

Manpower supply has regional variations along social and gender dimensions in Madhya Pradesh. Dhar, Bhopal, Indore, Gwalior, Sagar, Katni, Rewa and Satna districts are high human resource growth districts. Predominantly tribal regions like Mandla, Dhar, Jhabua, Sidhi, Khargone, Seoni, Shahdol and Chhindwara have to be given special focus, considering the aspiration towards seasonal work-related migration, stemming from socio-economic backwardness and lack of sustainable local livelihood/employment opportunities in these areas. Madhya Pradesh primarily being a rural economy, the role of women in capacity building cannot be undermined with a high proportion of rural female engaged in agri-allied activities. Considerations of industry towards employing female in manufacturing enterprises specifically in medium-small scale category have to be addressed. Further, there is a need to emphasize special focus on skilling of women in the districts of Dindori, Alirajpur, Mandla and Balaghat which have a higher proportion of female population.

Keeping the current realities of the state in view, along with possible economic growth that could be created in various sectors through favorable policies, an estimate of incremental manpower requirement during the XII plan and XIII plan periods, would be 4 million and 3.8 million respectively across primary, secondary and tertiary sectors. In XII plan period, the targets of job opportunity to be created per annum could be set at around 8, 00,000.

Incremental human resource requirements in the state have significant geographical and sectoral variations. Construction, Mining, Textiles and Apparel, Power, Healthcare, Education and Agri-allied industries such as Dairy, Poultry Farming and Horticulture, are priority sectors from a manpower development perspective in the state. IT/ITES, Renewable Energy, Logistics are among the emerging sectors in the state, with high potential for employment generation. Key business centers in Madhya Pradesh, including Bhopal, Indore, Jabalpur, Ujjain and Gwalior, are expected to contribute to a significantly

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high proportion of employment generated during 2012-22. Focus districts for manpower requirement in primary, secondary and tertiary sectors include:

Sector Districts

Primary(Agriculture and Allied) Dhar, Ujjain,Chindwara, Jabalpur, Hoshangabad, Guna and Ashok Nagar, Dewas, Indore, Shajapur, Vidisha,Sagar, Ratlam, Sehore, Mandsaur, Khargone Secondary(Manufacturing) Indore, Bhopal, Jabalpur, Ujjain,Gwalior, Dhar, Satna, Dewas, Sagar, Khandwa Tertiary(Services) Indore, Bhopal, Jabalpur, Gwalior, Ujjain,Sagar, Satna, Ratlam,Chindwara, Rewa. Assessment of existing training infrastructure in comparison to human resource demand over XII Plan period indicates significant capacity expansion requirement for semi-skilled category through vocational education in Madhya Pradesh with a surplus pool of un-skilled and highly skilled workforce. Vast scope of employment in un-organized sector for un-skilled workers and limitations of the study in terms of sectoral coverage attribute to the surplus manpower in this category.

Excess supply in high skilled category would indicate relatively low employment opportunities in this category within the state expected to result in migration of skilled workforce from the state during the period 2012-22. Further, employability of highly skilled graduates is an issue owing to misalignment of courses with industry needs and poor quality of institutes.

Issue of low employability of graduates has to be addressed through suitable up skilling considering local industrial requirements in order to ensure availability of industry ready manpower. Vocational education has a key role to play in the educational system of Madhya Pradesh, which has a relatively low capacity in higher education. While significant drop out rates are witnessed after school education across the state resulting in low enrollments in higher education, districts of Jhabua, Alirajpur, Barwani, Sheopur have considerably high dropouts even at school level. Intervention of vocational education to bridge the gaps in the educational system (even within the schooling stage itself) and provide seamless options for students to pursue vocational education has to consider these variations along with employment opportunities while structuring specific programs.

The state has a significant scheme training opportunities with Building and Other Construction Workers' Welfare Cess, Ministry of Agriculture, Ministry of Labour, Ministry of Communication and IT, Ministry of MSME, Ministry of HUPA,Ministry of Textiles, and several other government ministries and departments, having large training mandates. However, monitoring mechanisms for ensuring effectiveness of such programs is a lacuna in the current system.

Madhya Pradesh is primarily an agrarian economy with a high dependency on the agriculture related activities in rural areas. Though the current levels of work participation rates in rural regions are high, seasonal nature of agricultural work would mean underemployment for a significant section of agricultural labour force in the state. There is a need to create supplementary employment opportunities in Agri-Allied and Household Manufacturing sectors to the rural population through adequate training.

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Youth aspiration study indicates a clear mismatch between student aspiration and job opportunities available in the state. Sectors such as retail, construction, agri-allied activities, textile and transportation and logistics need to work on building a positive image, and providing the right working environment/perks, to attract talent. Sectors such as construction, transportation and logistics offer employment opportunities outside the state as well, for trained manpower. In sectors such as IT/ITES, Healthcare etc, while youth are willing to work, there isn’t adequate opportunity within the state and hence, there is white collar migration, mostly towards the southern states, for employment.

Increasing entrepreneurial activity in the state of Madhya Pradesh has to be matched with appropriately skilled managerial and technical workforce. However, interactions with industry in the state have revealed that challenges are often related to quality of the workforce, rather than quantity. Most of the industry personnel opined that quality issues in the state are two-fold - technical knowledge and soft skills/behavioural aspects - with prospective employees lacking in either, or both of them. Manufacturing industries are facing serious issues to employ appropriate manpower, as most skilled graduates prefer to work in services sector than in manufacturing.

Key Recommendations for the Government include Setting up Anchor Institutes for Manpower Development in focus industries, Offering Short term Training Programs Courses through Public Private Partnership, Incorporating Skill Training in mainstream K12 Education, Offering Demand-Driven Skill Training Programs and validating program effectiveness through tracer studies and exploiting technology for trainer development activities, as well as to reach out to remote areas. It is also recommended that the District Employment Exchanges be transformed into Skill Management Centers offering seamless information sharing between employment providers and employment seekers.

Sector Skill Councils (SSCs) can support training initiatives in the priority organized sectors of Construction, Mining, Textiles and Apparel, Power, Healthcare. NSDC could play an active role in bringing national/global level training providers to Madhya Pradesh by setting up a joint forum of NSDC Investee Training Companies, NSDC partner Training companies and representatives of Government of Madhya Pradesh.

Private training providers can provide skill training in conjunction, using government endowment training schemes for sectors of Construction, Retail, Transportation and Logistics, Food Processing and Healthcare. Training programs for displaced marginal farmers need to be aligned to livelihood activities aimed at supplementing farm income through training in mixed farming activities of dairy, poultry, horticulture, fisheries, sericulture etc. Cluster based skill training initiatives in PPP mode can be established near industry clusters, to ensure proximity to market for absorption of trained talent. There is also an opportunity to set up finishing schools for tertiary sectors with a high salary potential, where students will be willing to pay and learn – eg: IT&ITES and Banking and Financial Services – Skills in both technical and non-technical category.

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District wise skill gap details and recommendations are provided in the full report. We suggest that the recommendations of the study should be treated as a whole by all the stakeholders to realize the intended objective of a robust skill development ecosystem in Madhya Pradesh. It is also recommended that an empowered implementation committee should be tasked for implementation of these recommendations, and to achieve desired goals.

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1. Information Technology Macro View ……………………………………..

1.1 Global Economy Macro View

1.2 Indian Information technology Industry

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Information Technology Projects

1. Global Economy- A Macro-view:

The global economy belied initial optimism and continued to remain patchy in 2014. While the global output increased by 3.3%, lower than initial expectations, emerging and developing economies performed better (4.4%) than developed economies (1.8%). GDP growth among developed economies which are also the largest markets for IT Services was very uneven with the US (2.2%) and UK (3.2%) performing better than the Euro region (0.8%) and Japan (0.9%). Businesses are adapting, reshaping their strategies and increasingly using technology to establish a stronger customer-connect, create competitive differentiation and address new opportunities, though it is taking longer than expected, for economies to regain their stride.

According to the IMF, global economic growth remains moderate, with uneven prospects across the main countries and regions. In its World Economic Outlook issued in April 2015, IMF has forecast the global growth to reach 3.5% in 2015, up from 3.3% recorded in 2014. Growth is projected to be stronger in 2015 relative to 2014 in advanced economies, but weaker in emerging markets, reflecting more subdued prospects for some large emerging market economies and oil exporters.

2. Indian Information Technology Industry:

Enterprises are increasingly outsourcing their IT services requirements to global IT services providers who can deliver high quality service on a global scale and at competitive costs. According to Gartner report Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2013-2019, 1Q15 Update, worldwide IT Services spending in 2014 was $948 billion, a growth of 1.8% over the previous year. Global IT service providers offer a range of end to end software development, IT business solutions, research and development services, business process services, consulting and related support functions.

Over the past two decades, India has risen to become the leading destination for global IT services sourcing, business process services and research and development services.Global IT services providers, based in India, have a proven track record for providing business and technology solutions, offering a large, high quality and English-speaking talent pool and a friendly regulatory environment. These factors have facilitated the emergence of India as a global sourcing hub.

The global market for outsourced IT services is estimated to have grown by 1.9% in 2014 (3.3% in constant currency), with strong growth in key markets like the US (4.1%) and UK (8.6%), driven by increased spending on digital technologies and continued quest for efficiency in IT operations.

Growth drivers of India-based IT Services Providers

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Global IT sourcing from India offers significant cost advantages as well as productivity gains on account of access to highly skilled and competent talent at lower wage costs. According to the National Association of Software and Service Companies (NASSCOM) Strategic Review Report 2015 (“NASSCOM Report”), India-based IT services providers have been able to maintain their cost competitiveness by deploying various cost control strategies including the delivery networks in Tier II/III cities, recruiting on college and university campuses as well as experienced professionals, and offsetting wage inflation with operational gains and productivity measures.

India has a large, highly skilled and English-speaking talent pool. According to the NASSCOM Report, the IT –Business Process Management industry in India employed over 3.5 million software professionals as of March 31, 2015, making it one of the largest employers in the global IT services industry.

Business favorable policy decisions of the Government of India have played a key role in the development of robust IT and business process management (“BPM”) sectors inthe country. The Software Technology Park (“STP”) Scheme and the Special Economic Zone Act also played a critical role in the emergence and development of the IT and BPM industries by providing incentives in the form of tax holidays.

India-based IT companies have proven their ability to deliver premium IT services and business process management that satisfy the requirements of international clients who adhere to exacting quality standards.

According to the NASSCOM report, revenues for fiscal year 2015 for the IT-BPM industry based in India is estimated to be US$146 billion, which would represent growth of approximately 13% over fiscal year 2014. According to the NASSCOM Report, IT export revenues from India, including hardware, are expected to grow at a year-on-year rate of 12% in fiscal year 2015, driven by greater demands for social, mobile, analytics and cloud based solutions. While exports remain the focus area for the IT industry in India, the IT services market in India represents approximately 18% of the total business of India-based IT services industry and is also expected to be a key growth driver.

According to the NASSCOM Report, the domestic Indian ITBPM market is expected to have grown by 14%, a growth rate that is faster than export markets in fiscal year 2015, driven largely by e-commerce.

Information technology (IT) industry in India has played a key role in putting India on the global map. IT industry in India has been one of the most significant growth contributors for the Indian economy. The industry has played a significant role in transforming India’s image from a slow moving bureaucratic economy to a land of innovative entrepreneurs and a global player in providing world class technology

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solutions and business services. The industry has helped India transform from a rural and agriculture-based economy to a knowledge based economy.

Information Technology has made possible information access at gigabit speeds. It has made tremendous impact on the lives of millions of people who are poor, marginalized and living in rural and far flung topographies. Internet has made revolutionary changes with possibilities of e-government measures like e-health, e-education, e-agriculture, etc. Today, whether its filing Income Tax returns or applying for passports online or railway e-ticketing, it just need few clicks of the mouse. India’s IT potential is on a steady march towards global competitiveness, improving defense capabilities and meeting up energy and environmental challenges amongst others.

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The Indian IT industry has grown almost tenfold in previous decade. Domestic software has grown at 46 per cent while software exports have grown at 62 per cent over the last 5 years. Information Technology enabled services (ITes) with elements like call centres, back office processing, contents development and medical transcription are key to rapid growth. India’s concentration in software has been driven by two sorts of wage advantages that have reinforced each other as such the lower wages for Indian software developers relative to that of their US and European counterparts make Indian software cheaper in global markets, and while the higher wages earned by software professionals in India relative to that in other industrial sectors has ensured a steady stream of supply of software professionals. India’s over aching objective remains vitally one of accelerating economic growth and reducing widespread poverty. To effectively reduce poverty, the pattern of economic growth would need to be broad-based so as to bring about social development and improvements in the welfare of Indian peoples. To this end, priority should be bestowed to investing in physical as well as human capital, especially with respect to access to education, health and nutrition.

It is also important to promote private-sector led growth and international trade. Furthermore, efforts would be needed to attend to cross-cutting issues such as environmental management. In a nutshell, India’s quest for sustainable development should be based on the pursuit of the intertwined goals of accelerating the pace of economic growth, while also spreading the benefits widely among the population so as to make significant strides in poverty reduction. The Indian Information Technology and Information Technology Enabled Services (IT-ITES) industry has been contributing its role in the economic development of India since post liberalization era. The IT-ITES industry in India has today become a growth engine for the economy, contributing substantially to increases in the GDP, urban employment and exports, to achieve the vision of a powerful and resilient India. While the Indian economy has been impacted by the global slowdown, the IT-ITES industry has displayed resilience and tenacity in countering the unpredictable conditions and reiterating the viability of India’s fundamental value proposition. The rapid growth of ITES-BPO and the IT industry as a whole has made a deep impact on the socioeconomic dynamics of the country, having a significant multiplier effect on the Indian economy. Apart from the direct impact on national income, the sector has risen to become the biggest employment generator with the number of jobs added almost doubling each year, has spawned a number of ancillary businesses such as transportation, real estate and catering; played a key role in the rise in direct-tax collection and has contributed to a rising class of young consumers with high disposable incomes. The pace growth of this industry is considered as a growth driver for the economy. India has become as “IT Super Power”. The performance of IT industry can be revealed with the evidence of its contribution to the GDP (Gross Domestic Product) of the country, provision of employment opportunities all over the country, IT services and software exports and revenue to the country.

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2. About the ABC Pvt. Ltd.:

a. Introduction

b. Project implemented

c. Projects on Going

d. Board of Directors

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a. Introduction:

The ABC Group has been at the helm of the real estate for over 21 year. Since the last 15 years, ABC Group has ventured into building residential and commercial (office and retail) spaces with state-of-the-art unparalleled quality and ingenuity. The group has established it’s presence in real estate i.e. residential & commercial area, farm houses, education, hospitality and healthcare sector. Over the last few years, the group has built an enviable reputation based on excellence, commitment and expertise. While the group is involved in both residential and commercial spaces, their strength lies in commercial spaces, specifically IT-ITES spaces. Currently, the Group has property in Gurgaon. Company do have its land bank in Delhi, Noida, Greater Noida, Indore, Bikaner as well.

b. Project implemented:

The group has delivered its 100 Acre residential project about 3 years ago and

1. XYZ Pvt. Ltd. Project Name: XXXXX (Residential)-

The first Residential project launched by the group is by the name of XYZ Pvt. Ltd.. It is a development of private, detached and opulent apartments spread over 100 acres. It’s a 3 side open corner plot offering lavish 1/2/3/4 bedroom apartments. ABC Group, the developer of XXXXX is known for providing innovative engineering solutions, by having the capacity to gauge market requirements and consumers with the required results. The deliverables are consumer oriented and they are highly modernistic in approach that is made keeping in mind the end utility. XXXX truly reflects the vision and ideologies of the ABC Group. Located in Noida area, the property is available in 1, 2, 3 and 4 BHK configurations, and the underlying feature

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of this property is that it is available at affordable prices, with immense luxuries and comforts on offer, so much so that it is a true personification of class and style.

Land: 100 acres

Total Saleable Area: 16,075,423 sq. ft.

Launched Date: June, 2005

Saleable area/Location wise: XXXXX/16,075,423 sq. ft./Gurgaon

USP (Unique Selling Proposition):-

It is proven, that wherever there has been a progress, prosperity, and world-class infrastructure has followed.

500m from proposed metro line; Nearby international airport; Best Class Hospitals; Best Class Universities.

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Board of Directors:

Blank Space Left Internationally

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Madhya Pradesh

Madhya Pradesh (MP) is amongst the leading states in India both in terms of area and population. The state has gained a significant position in the country based on investment and economic growth. Over the years, the state has developed a robust infrastructure, favourable policy environment & industrial growth centres, which has expedited the growth of industrialization. The state has been at forefront in promoting industrial growth by offering gamut of incentives to promote rapid industrialization, and be able to harness its strengths to expand its economy with the support of conducive policies. State has identified thrust sectors including Auto and auto components, Textiles, Tourism, IT/ITEs, Healthcare, Skill development, Pharmaceutical, Renewal energy, Biotechnology and logistics & warehousing which provide the required impetus to the economic growth.

Overall Infrastructure:-

1. Connectivity is the key:

Being the second largest State of Country along with the strategic central location, MP has some innate advantages and can offer strategic benefits to companies establishing their operations in the State. Well connected with all the key metropolitan cities by rail, road and air, the State key business centers such as Indore, Bhopal and Gwalior Provides near equidistance connectivity with all the major commercial centers of India.

2. Support Infrastructure:

To support the upcoming knowledge intensive sector, the State Government has proactively initiated the development of support infrastructure, as part of which, over 24,000 kms of optic fiber has been laid to cover all 313 development blocks across 45 districts in the State making it one of the leading States in the Country with highest optical fiber coverage.

3. Burgeoning IT/ITes Base:

The IT/ITeS base in the State is rapidly expanding. Major players like Taurus Microsystems and Fujitsu already have their presence in the State and are on the road to further expand their operations. The Greenfield SEZ at Indore is attracting lot of attention form leading IT players, HCL is in advance stage of setting up a Center at SEZ. Another leading BPO player Genpact has proposed to set up a 7,000 BPO facility in Bhopal with an estimated investment of US$ 34 million.

IT-ITeS sector has emerged as an important contributor of exports from MP, contributing to almost 27% of MP’s export. Focus of the government in developing use of information technology for all round development as envisaged in the Madhya Pradesh’s IT vision is likely to aid the growth of IT-ITeS sector within the state. The state has one of the highest optical fiber coverage in the country with more then

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24,000 kms of optical fibre backbone covering all its 313 developmental blocks across 45 districts.

The development of proposed IT-SEZ and IT parks, which would create essential infrastructure for the sector, is expected to fuel the growth in the state. Some of the proposed investments in the sector are enumerated below:

21 IT-SEZs have been permitted in the state Four Software Technology Parks (STP units) are proposed to be set up in Bhopal,

Indore, and Gwalior. MOUs worth र 77 bn with 20 companies for investment in IT sector in the state

1. Manpower Availability :

With ~38 engineering colleges and several management institutes along with the prestigious IIM at Indore, the State has ample availability of high quality skilled manpower. Further to foster specifically skilled IT workforce the State has established the Country’s first Indian Institute of Information Technology and Management at Gwalior.

2. Land Cost Competitiveness:

The State has the lowest land rates among the upcoming commercials centers across the Country. The State has ample amount of land available for various commercial entities and corporate houses.

3. Manpower Cost Competitiveness: Rising cost of human resource is severely straining the profit margins of IT/ITeS industry and is the increasing concern of knowledge intensive sector. Madhya Pradesh has the potential to ameliorate the rising manpower cost concern of the industry. Cost of skilled labour in Madhya Pradesh is USD 2.4/day vis-à-vis USD 3.5 – USD 4.0/day in metros. The State has one of the lowest rates of skilled manpower in the Country.

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Location Analysis:-

Indore, Gwalior and Bhopal have been identified as key locations for establishing the proposed Incubation center. Following criteria’s were considered while analysis of various potential locations:

Well developed infrastructure Existing IT base Availability of skilled human resource High Quality life Perceived image as commercial center

The key Incentives offered for developers under the ITIP scheme are:

PARTICULARS ITIP (Information Technology Investment Policy, 2014)

1. Single Window Clearance System - Department of Science & Technology, Gov. of Madhya Pradesh & MP Trade & Investment Facilitation Corporation would work as single window to facilitate & clearance

2. Stamp Duty Concessions - IT Units on mortgage with banks ‘ll be exempt - Sale/lease

3. Power - No prior permission required to install captive power plant.

4.Rebate in Cost of Land - Only on Government Land

- Lease Rent charged at the rate 1% per year of the actual lease premium

5. Subsidy on Interest - Capital Investment of Rs. 10 Cr. ‘ll be entitled for interest subsidy of 5%

4 Subsidy on Capital Investment - Capital Investment of Rs. 10 Cr. ‘ll be entitled for interest subsidy of 25%

5 Marketing - 50% subsidy on Stall Rentals

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Project Proposal-Gwalior

Land Size: 10 Acres

FAR: 1.5

Covered Area : 6,53,423 Sq. ft.

Area Utilisation:

IT/ITES Project- 60%

- IT, ITES, BPO, Call Centre, Software Development, Testing and all supporting activities.

Additional /Supporting Services- 40%

- Tour & Travel, Health Facilitation, Canteen, Re-creation (Amusement) Facility, Multiplex, Food Court, Restaurant & Shopping, Guest house, Residential units,Taxi Stand etc..

ABC Group- Commitment

We (i.e. ABC Group) commit to provide an employment to <1,000 people (technical/Non-

technical i.e. IT/ITES professional and administration staff and people working with non-core

areas) in whole project. We (i.e. ABC Group) ‘ll attempt to have more employment. This

employment will generated by allottee company and third parties who will be given built-up

space by the allottee company.

Project Description:

ABC group IT /ITES would be the first of its kind, integrated eco-friendly IT Park in Gwalior sprawling over 10 acres. A universe of intelligent living. A smart blend of enterprises, technology and professionalism with a view to enhance customer delight.

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Stylish and premium lockable, I.T./office space, heat reflective glass, energy efficient central air-conditioning, provision for fibre optic telecom, modern fire fighting system, double glazed faced.

Food court, well-lit and spacious atrium, high street shopping and fine dining, ATM & Bank, hyper/anchor store, vanilla store.

Architectural wonder, total solutions for business and leisure, double height entrance lobby, full furnished and equipped offices, business center and auditorium, sky bar and infinity pool deck.

PROJECT FEASIBLITY REPORT OF IT/ITES Space - Gwalior

Facts

Type of Land IT/ITES Park

SpaceProject Name/Location GwaliorLand Area (Acres) (Appx.) 10Land Area (Sq.Mtrs) 40,468 FAR 1.5

FSI (Sq.ft.) (approx) 650,00

0

Lease Area (Sq.ft.) (Appx.) 960,00

0

Built up Area(Sq.ft.)(Appx.) 645,00

0

Cost Total Cost

Rs. (Cr.)Cost of Construction (INR)- @1,100 Sq.Ft. 85 Cost of Land- Book Value(INR) - 10 Acre Land- 18,00,000/Acre 5 Administrative Cost (INR)Structured Cost (INR) - Rs. 250/ Sq. Ft. (MEP) Mechanical Electrical Plumbing 25 Landscaping Cost (INR)- Rs. 200/ Sq. Ft. 20 Overhead Expenses including Consultancy Services(INR) 5

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Total Cost (INR) 140

ABC Group Gwalior IT/ITES Project

COST OF PROJECT AND MEANS OF FINANCE

   

Particulars Area- Amount

  Acres Rs. In Cr.

     

1. Land Costs and Charges   5.00

2. Construction Expenses   85.00

3. Structured Cost   25.00

4. Landscaping Cost   20.00

5. Administrative Expenses    

6. Misc. Cost   5.00

Total Cost of the Project   140.00

 

MEANS OF FINANCE    

Particulars Amount

Rs. In Cr.

1. Promoter's Fund  

- By way of Equity Fund 10.00

- By way of Unsecured Loan 40.00

2. Leased Income 40.00

3. LT Loan from Bank 50.00

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    140.00

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