the meadow dance

22
The Meadow Dance (R id il d i ih hhl d ill ) (Residential gated community with earth sheltered villas) Hyderabad A Project Review & Investment Analysis/Review(draft copy) By VRNET Pvt. Ltd www.vrnetconsulting.com

Upload: marutish

Post on 05-Mar-2015

1.145 views

Category:

Documents


2 download

TRANSCRIPT

Page 1: The Meadow Dance

The Meadow Dance(R id i l d i i h h h l d ill )(Residential gated community with earth sheltered villas)

Hyderabad

A Project  Review & Investment Analysis/Review(draft copy)By VRNET Pvt. Ltd

www.vrnetconsulting.com

Page 2: The Meadow Dance

About the project : The Meadow Dance 

• The Meadow Dance is being developed in 2 phases. Phase 1 will comprise of villas and Phase 2 will have apartments. The total land extent for both phases is 2020 acres. 

• Phase 1 comprises 84 spacious villas with earth covered roofs. The project provides all benefits of an independent home together with the safety and 

i f b i li i Th h f ll f i h d dconveniences of urban community living.  The homes are fully furnished and come with customization options  which allow customers to create homes to suit their lifestyle. 

A iti i l d i i l d l b h ith t f th li f iliti• Amenities include swimming pool and club house with top of the line facilities. 

• While the built area of each home is 4450 sq ft, the sizes of plots vary. 

Page 3: The Meadow Dance

Credentials of the builder

Name of the Developer Total Environment Building Systems Private LimitedName and address of the company developing the project

78, Imagine, EPIP Zone, ITPL Road, Whitefield, Bangalore 560066developing the project 560066

Name of the developer group Total Environment Building Systems Private LimitedTrack record in years 14 yearsP j t d l d till d t 18 j t till d t 17 i B l d 1 i PProjects developed till date 18 projects till date - 17 in Bangalore and 1 in PuneOngoing projects of the developer Windmills of Your Mind – Whitefield, Bangalore

The Magic Faraway Tree – Kanakapura Road, BangaloreVan Gogh’s Garden – Kasturba Road Cross, BangaloreThe Meadow Dance – Rajendranagar, Hyderabad

Page 4: The Meadow Dance

About the project – The Meadow Dance

Total no of units 84 villas

Total Saleable area in million square feet

0.373 million sq ftq

Start date of the project Feb 2011

Possession committed to customer as per sale agreement

3 years from the day of startas per sale agreement

Architect for this project In‐house architectural design team – Shibanee and KamalArchitects 

The company after handing over the project plans to provide hand holding services and maintenance to customers for 10 years

Page 5: The Meadow Dance

Project : The Meadow Dance Hyderabad

Current Status of the projectProject : The Meadow Dance, HyderabadArchitects : Shibanee and Kamal

Project status  Builder with experience• The builder has a good reputation and proven expertise in constructing high rise villas and apartments in Bangalore

Builder : Total Envirnoment and builders pvt. Ltd

• The builder has a good reputation and proven expertise in constructing high rise villas and apartments in Bangalore and Pune•Construction of the project is expected to commence during April 2011  • Project implementation is proceeding well as per schedule with road connectivity to the project getting ready by Feb 2011. Handover of the project to being by the beginning of April 2013Quality  • Customers are assured of high quality of materials and workmanship by the builder in this project.  

Construction to Commence in 

CompletionStage

Feb 2011

ConstructionConstructionStage – Structurework

ConstructionStage – Brickwork

Page 6: The Meadow Dance

The Meadow Dance : Project Positioning 

Hi‐end

Luxury 

Housing 

Luxury

Above Rs 1 crore

Luxury

housing 

Premium Lifestyle housing  Between Rs 60‐ 80 lakhs

Between Rs 80‐100 lakhsProject positioning : Targeted towards the premium segment of the

Premium housing  Between Rs 35 ‐ 60 lakhs

segment of the market

Value Housing 

Affordable housing Between Rs 5 10 lakhs

Between Rs 10 – 35  lakhs

Affordable housing 

Low Cost Housing Below Rs 5 lakhs

Between Rs 5 ‐ 10 lakhs

Page 7: The Meadow Dance

The Meadow Dance : Project Positioning 

Rs 3 crore & aboveHi‐end  custom Built villas/theme villasin a Gated Community or  branded

Between Rs 2 – 3 croreLuxury Apartments in gated community with

Premium LuxuryVillas in CBD/SBD

Project positioning : Targeted 

Homes with global hotels

Between Rs 1 2 crore

gated community with More than 5000 sq.ft. in CBD and SBD.

Villas in CBD/SBDIndependent houses/

Villas in CBDtowards the premium segment of the market Between Rs 1 – 2 crore

Premium Theme Villas in CBD/SBD/PBD

Independent housing/Villas in CBD/SBD

Apartments in gated community with about 5000 sq.ft. in CBD and SBD.

the market

Villas/Villaments in CBDVillas in SBD/PBD/Independent

housing in CBD/SBD

Apartments in gated community with about 2000 sq.ft. in CBD and SBD.

Between Rs 80 – 1 crore

Page 8: The Meadow Dance

Luxury Villa Developer’s Map – Hyderabad Real Estate MarketLocal, regional, national and international companies are building luxury villas in the Hyderabad. The cost of villas range from Rs 40 Lakhs to Rs 12 crore depending on size of plots, livable area and detailing/specifications of the project.  

Foundationt

Brickworkt

Finishing St

Completion &h dProject launch

Planning & 

Project status

Rs 3.2 crore and above

stage stage Stage handoverProject launchApprovals

Construction PhasePre ‐ Construction PhaseHandover Phase

The Meadow DanceRajendranagar

Casa EstebanaKompallyKoncept Ambience

and above

Rs 2 crore to 

Rs 3.2 crore

RajendranagarTotal Environment

Ashoka A‐la‐maisonKompallyAshoka Builders

Divyasree OrionNanakramgudaDivyasree builders

RoyalwoodsKismatpurPrestige

Banyan Tree ResortsMaheshwaramMak Projects

Legend ChimesKokapet

Ramky PearlKukatpallyRamky Estates

Rs 1.0 crore to Rs 2.crore

HillparkChandanagarAparna Constructions

Aparna Palm MeadowsKompallySpendid Aparna

KokapetLegend Group

Bollineni HomesMadhapurBSCPL

Villa IsleShamirpetRajen Raheja Group

Indu Aranya

Ramky PearlKukatpallyRamky Estates

Sark OneMokaliSark Group

Rs 60 lakhs to 

Rs 1.0 crore

Below Rs 60 l kh

Indu AranyaNagoleIndu Group

Prakruthi NivasDundigalVishal Group

GreenwoodsDundigalModi builders

Sterling HomesKompallyModi builders

lakhs

Page 9: The Meadow Dance

Location – The Meadow Dance

Page 10: The Meadow Dance

Location Analysis – The Meadow Dance

Location of the project  : Survey No 279, Beside Green Walkways, Himayat Sagar Road, Budvel, Rajendranagar, Rangareddy Dist. Hyderabad 500 030

• Good connectivity and close to Himayat sagar lake 

Location connectivity  

• Serene environment away from the hustle and bustle of the city. • Location of the project is off the main road connecting the Expressway and the airport. • Location is close to the upcoming SEZs in Gachibowli and financial district. • This project is located at Rajendranagar – which is approx 5 2 km from APPA Junction | 3 6This project is located at Rajendranagar which is approx 5.2 km from APPA Junction | 3.6 km from the Himayat Sagar Dam | 12 kms from the RIAL and approx 30 minutes from ABIDS (CBD)• Approx 10 km to NH 7 – Hyderabad – Bangalore road

k h b l d k hd d b h h l• Approx 16 kms to Gachibowli and Approx 10 kms to Mehdipatnam and at both these places you would find the above mentioned zones• Adjacent to ORR – close to APPA Junction (5km) – Close to Himayat Sagar Lake – 3.2 km

Page 11: The Meadow Dance

Analysis of  the project

• Project construction quality and amenities – Total Environment undertakes all constructionactivities in‐house so as to maintain and deliver quality. With the project “The MeadowDance” it is bringing a unique concept of earth sheltered homes to the city of HyderabadDance it is bringing a unique concept of earth sheltered homes to the city of Hyderabad.This concept has rarely being used before in large group housing projects. In this system ofdesigning each home is set partially into the ground and the roof of each home is curved andhas an earth cover which is landscaped. Benefits of a earth sheltered home vary from naturalsound proofing, reduced rain water run‐off, reduced temperature variations, lessermaintenance requirements and a harmonious blend with natural surroundings. The companyhas been delivering good quality projects in Bangalore and Pune to its customers. The qualitylevels achieved by the developer are appreciable and the quality risk profile of the developerlevels achieved by the developer are appreciable and the quality risk profile of the developeris relatively low.• Design and Amenities – The project provides opportunity to extensive customize the villa bythe customer. The project has provisions for amenities such as home security systems, privatet d i h ill i i l l b h ith t f th li f ilititerrace garden in each villa, swimming pool, gym, club house with top of the line facilities,power back for common areas and for the villa. The project design is unique and ensuresprivacy for villa owners.

Page 12: The Meadow Dance

Analysis of  the project

• Location – The project is located close to Himayat Sagar Lake near Rajendranagar inHyderbad. It is well connected to Gachibowli and is close to the financial district and SEZs inHitech city. Further it is about 10km from the international airport. The location of the projectis in the suburbs of the city, which is a serene gated environment. However it will entail travelto the work place of a minimum of about 10‐12 kms one‐way. Also development of area is stillon and facilities such as schools, hospitals, banks, shopping are far off. Hence, the location riskfor the project is relatively moderate to high.for the project is relatively moderate to high.• Project legal quality and land approvals– The land titles of the project are clear and all pre‐construction approvals for the project including the planning permits have been obtained.The project’s legal risk profile is relatively low.P j t fi i l lit Th j t i j i t d l t ith l d d th• Project financial quality – The project is a joint development with land owners and the

developer has completed the approach road to the project from the Rajendranagar mainroad. The project will have high salability in the short to medium term, which means that itwill be funded by internal accruals and cash flows from customer advances and debt fundsyfrom banks. Hence, the financial risk for the project is relatively moderate.

Page 13: The Meadow Dance

Analysis of the project

• Pricing of the project ‐ The company charges Approx 3.32 Cr for a unit of Villa with land of509 sq yards (4580 sq ft) and 4450 sq ft built space. The company is contemplating to buildthe prototype in the next few months. It is expected that once the prototype is done, thesales progress will pick pace. In terms of pricing, for a premium project in this locality thepricing is a bit stiff and on a higher side. As the company has a strong brand loyalty andsatisfied customers in the Bangalore market and as all the villas are totally customized, andthe supply is below hundred villas the company might not be troubled in selling the villas at athe supply is below hundred villas, the company might not be troubled in selling the villas at apremium to the market.•Timelines for the project: The project is currently at the inception stage. The approach roadfor the project is underway. It would take a minimum of three years for the project to thed l d h d h l l k f h l ldelivered to the end customers. The timely completeness risk for the project is relativelymoderate.•Project sponsor quality – The developer has a sound track record in delivering high endvillas and apartments in Bangalore and Pune. While this is the first project in Hyderabad, thep g p j y ,project is expected to cater to the needs of successful business man, top notch professionals,high net worth individuals in the city and also NRI’s. The financial risk profile of the developeris relatively low.

Page 14: The Meadow Dance

Lower level(Ground floor) Plan – Built area – 4450 sf.ft

Page 15: The Meadow Dance

Upper level(First floor) Plan

Page 16: The Meadow Dance

View – External View

Page 17: The Meadow Dance

View – External View

Page 18: The Meadow Dance

View – Master Bed room

Page 19: The Meadow Dance

View – Master Bathroom

Page 20: The Meadow Dance

View – Kitchen

Page 21: The Meadow Dance

Final word

As per our analysis this project is targeted towards individuals who value design anddesire to live in a serene and environmentally friendly neighborhood. As the projecti hi hl i bl h j ill i di id l’ d iis highly customizable, the project will meet individual’s taste and requirement.Overall risk of the project is moderate to low and individuals can expect a good tosignificant appreciation for their investment in the medium to long term.

Page 22: The Meadow Dance

Disclaimer

The statements, information, opinions and views expressed in this research reflect the personal views of the author(s)about the project and the company. Although every effort has been made to ensure that the information included inthe report is correct and upto date, they should not be taken to represent, nor are they intended to represent anyp p , y p , y p yinvestment advice into the property. While due care has been taken to include relevant data we may have missed outon others due to lack of market data.

Our research professionals provide important input into our investment banking and other business selectionprocesses Investors should assume that VRNET Pvt Ltd and/or its affiliates are seeking or will seek investmentprocesses. Investors should assume that VRNET Pvt. Ltd and/or its affiliates are seeking or will seek investmentbanking/consulting business or other business from the company or companies that are the subject of this material andthat the research professionals who were involved in preparing this material may participate in the solicitation of suchbusiness. Past performance is not a guide for future performance, future returns are not guaranteed and a loss oforiginal capital may occur.

The Project Review & Investment Analysis/Review of the project is not an independent piece of research and themanagement of the company has paid professional fees for undertaking this research. VRNET Pvt. Ltd does not providetax advise to its clients, and all investors are strongly advised to consult with their tax/investment advisers regardingany potential investmentany potential investment.

Before making an investment decision of buying/leasing a property, on the basis of this research, the reader needs toconsult his financial adviser. The authors of the report don’t accept any liability whatsoever for any direct, indirect,consequential or other loss arising from any use of this research report.