lotus group - sahakar nagar (pioneer constructions) presentation

M/S PIONEER CONSTRUCTIONS

DISCLAIMER The information contained in this confidential document ("Presentation") has been prepared by Lotus Space and Designs Pvt. Ltd.

(the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors,

officers, agents, employees or advisers give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

• This Presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions, etc. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looing statements.

Private and Confidential

COMPANY OVERVIEW

• “Putting People Before Projects” is the motto, the philosophy and the company’s way of doing business. This way of thinking comes from the simple understanding that whatever we design and build comes alive only when it is full of happy people. Our projects are successful when people look forward to living and working in it. That the way we design every residential, retail and commercial office property as well as the interiors of a home or an office.

• The Company’s aim is to be a leader in the field of Real Estate and Property Development by creating a wide and superior range of residential, commercial, retail projects as well as Townships and SEZ’s.

• The LOTUS Group has been in Mumbai since the last 18 years and have focused only on prestigious projects in South Mumbai and selected suburbs. We, at LOTUS Group have been and always will be extremely selective in choosing projects to enable us to deliver the best of products.

• In the recent years we have been involved in the construction of Residential Apartments, Service Apartments, Commercial Premises and Shopping Arcades.

• The LOTUS Group has developed an enviable reputation for specialization in the fields of Real Estate, Real Estate Investments and Project Management.

• At present, LOTUS Group has a sound financial base and infrastructure and a resounding reputation in the Real Estate Industry.Private and Confidential

MANAGEMENT TEAM


Kamlesh G. Mehta

• A Co-founder of the LOTUS GROUP, Mr. Kamlesh G. Mehta is also a Promoter & Director of the Lotus Group.

• Having gained a vast experience in matter related to the legal side of the Real Estate Industry, he has handled various real estate projects for the company including developments and re-developments.

• He has been associated various large projects in the cities like Mumbai, Ahmedabad & Kolkata.

• Being a part of the Board of Directors he plays a vital role in the overall policy decisions.

Suresh G. Mehta

• A Co- founder of the LOTUS GROUP, Mr. Suresh G. Mehta is a Promoter & Director of the Lotus Group.

• He has lead a solid foundation for the Group and has a vast experience in real estate related matters and financial matters.

• Mr. Suresh Mehta had handled various real estate projects for the Company and completed 11 projects successfully including developments, re-developments, SR Schemes, etc.

• He has been associated with projects in Mumbai & Ahmedabad. • The Company is being run under his guidance and supervision, within the overall policy

decision from the Board of Directors.

EXISTING AND UPCOMING PROJECTS IN INDIA


• Mumbai

• Ahmedabad

• Kolkata


PROJECTS COMPLETED

Mumbai

• Vaastushilp, Tardeo

• GLITZ (Mall of Gold), Vithal Wadi, Kalbadevi

• Venus Apartment, Tardeo

• Siddhivinayak Apartment, Saat Rasta

• Astral Mansion, Saat Rasta

• Hari Bhuwan, Gamdevi

• Astral Centre, Byculla

• IT Centre, Chandivali

• Training Centre, Chandivali

(ACTUAL IMAGES)


Ahmedabad

• HDFC Bank House I, Navrangpura

• HDFC Bank House II, Navrangpura

(ACTUAL IMAGES)


UPCOMING / FUTURE PROJECTS

Mumbai

• Lotus Estate, Madhusudan Mill, Lower Parel

• Gemini Mill, Lower Parel

• Residential Complex, Near Race Course, Worli

• Shanti Apartments, Byculla

• Residential cum Commercial Centre, Wadala

• IT Park, Sewri

• Krishnakunj, Gulalwadi

• Motilal Mansion, Neapen Sea Road


Kolkata

• Commercial Centre, Park Street

PROPOSED PROJECT

Name : (To be Announced)

Type : Residential / Commecial

Location : Sahakar Nagar, Wadala

Area : 40520.18 sq. mts.


Bird’s Eye View

ENVIRODESIGNERS PVT. LTD.


Project Name / Title: Sahakar NagarLocation: 26th Road, Sewri-Wadala Estate Scheme No. 57C.T.S. No./C.S. No.: Cts. No. 278Land Owning Authority M.C.G.M. Gross Land Area: Plot Area: Approx 37078.78 sq.mtrs.+ School Area:

Approx 3441.40 sq.mtrs. = 40520.18sq.mtrs.Name of the Society (Registered):

Sahakar Nagar Co-op Housing Society Limited

Total Society Population: 826 (Residential 46 bldgs) + 19 (Shops) + 24 (Stalls)Designated (Existing) Land Users in DP Plan:

R-Zone

PROJECT DETAILS



WHY DEVELOPMENT TO BE TAKEN U/S 33(9)

MINIMUM PLOT SIZE 4,000.00 S.M.STRUCTURES CONSTRUCTED PRIOR TO 1969.DEVELOPMENT TO BE TAKEN UP THROUGH M.C.G.M. MIXED USERSEXISTING CLUSTER HAVE ACCESS ROAD WIDTH MORE THAN 18.00 M WIDE D.P. ROAD.


SALIENT FEATURE OF PROJECT U/S 33 (9) CLUSTER DEVELOPMENT. PLOT AREA IS 40,520.18 S.M. STRUCTURES ARE CONSTRUCTED PRIOR TO 1969 MIXED USER [TENANTS + SCHOOL RESERVATIO + P.G. + M.H] COMMON INFRASTRUCTURE. CREATION OF LARGER OPEN SPACE WITH IN LAYOUT. MORE OPENSPACES BETWEEN TWO BUILDINGS & WINGS. APPROVING AUTHORITY ARE REDUCED TO MINIMUM. STRUCTURE ARE SHOWN IN SURVEY SHEET PRIOR TO 1969.


DEVELOPMENT PLAN



EXISTING SURVEY PLAN



DATE EVENT

In or around the year 1957

The Municipal Corporation of Greater Mumbai had constructed 46 (i.e. 1 to 24, 26, 28, 30 to 46 and A, B, C) buildings having 826 residential premises, 19 shops and 24 stalls on the said property.

18-04-2011 19-04-2011

Application made by the Chief Promoter to the Asst. Registrar, Co-operative Societies, F/North Ward, Mumbai for the reservation of name and opening of the Bank Account. Asst. Registrar, Co-operative Societies, F/North Ward, Mumbai granted reservation of name in the name of “Sahakar Nagar Co-operative Housing Society (Proposed)” and gave due permission to open a bank account in the Mumbai District Central Co-operative Bank Ltd.

07-05-2011

The promoters decided to go for redevelopment and accordingly appointed M/s Ellora Project Consultants as a Project Management Consultant.

LIST OF EVENTS IN PROGRESS OF DEVELOPMENT U/S 33(9)


27-08-2012

The Project Management Consultant thereafter scrutinized the offers of the 3 Developers and submitted its report along with rankings to the proposed Society namely:-(i) M/s. Pioneer Constructions (Lotus Group)(ii) M/s. Skylark Buildcon Pvt. Ltd. (Sahana Group)(iii) M/s. Joy Home Creation Ltd. (Joy Group)

18-05-2012

Mumbai Municipal Corporation issued an NOC for registration of Sahakar Nagar Co-operative Housing Society Ltd.

30-12-2012

A General Meeting of the proposed Society was held in the Sahakar Nagar Society Compound wherein in M.s Ellora Project Consultants were present as well as the Developer – M/s Pioneer Constructions was present. In the said meeting M/s Pioneer Constructions were appointed as the Developer for redeveloping the property of the Society.

Private and ConfidentialENVIRODESIGNERS PVT. LTD.

05-04-2013

The proposed Society was thereafter registered by the Asst. Registrar, Co-operative Societies, F/N Ward, Mumbai under the provisions of the Maharashtra Co-operative Societies Act, 1960 and the rules made thereunder, under registration No. MUM/W-F-N/HSG/(TC)/9208/2013-14 Year 2013.

01-08-2013

Notice published in the local newspaper “Mahanagri” stating that the First Constituted General Meeting of the Registered Society would be held on 11-08-2013.

11-08-2013

First Constituted General Meeting of the Registered Society held. However the same was adjourned at the request of the Chief Promoter and other members, as several members had not received the notice of the General Meeting.


01-09-2013

First Constituted General Meeting of the Registered Society held. One of the resolutions passed was to implement the resolution dated 30-12-2012 passed by the proposed society appointing M/s Pioneer Constructions as a Developer. Photographs of the same were also taken.

27-10-2013 till date

A Memorandum Of Understanding, development agreement & power of attorney has been signed by and between the Registered Society and Developer.



SECTOR A : REHAB & OWNER SHARE1B + ST + 1P + 45 floors

SECTOR B : MCGM SHARE (PAPB + ST + 1P + 45 floors

SECTOR C: MCGM RESERVATION)

SECTOR D: SALE1B + ST + 6P + 100 floors

RETAIL MARKET

12.00 M. INTERNAL ROAD 12.00 M. INTERNAL ROAD

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EXISTING D. P. ROAD EXISTING D. P. ROAD

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ARTISTIC REPRESENTAION OF REHAB UNITS 700 SQ.FT. USABLE AREAUse this image instead of old


F. S. I AREA SUMMARY & SALABLE

SR. No.

AREA (SQ.MTR.) PERCENTAGE

1 AREA OF PLOT 40,520.182 PERMISSIBLE F. S. I 4.003 AREA FOR REHAB 56,594.52 26.36%4 AREA FOR MCGM 71,267.44 33.46%5 AREA FOR SALE 86,267.44 40.18%6 NET PROPOSED F.S.I AREA 2,14,129.407 30% NON F.S.I AREA 64,238.828 GROSS CONSTRUCTION AREA (6+7) 2,78,368.229 SALABLE AREA 60% LOADING 120024.26 43.42%

1291941.18 SQ.FT.


PAST REAL ESTATE RECORDS & PERFORMANCE

SR. No.

RATE(RS.)

GROWTH IN PERCENTAGE

1 2010 SALE RATE / SQ.FT 18,000/-

50% FROM 2010

2 2011 SALE RATE / SQ.FT 21,000/-3 2012 SALE RATE / SQ.FT 22,000/-4 2013 SALE RATE / SQ.FT 25,000/-5 2014 SALE RATE / SQ.FT 27,000/-

IF TREND FOLLOWS FUTURE AS FOR LAST 5 YEAR COST OF SALE WILL RISE UPTO RS. 36,000 / SQ.FT. TILL THE PROJECT GET COMPLETED.


FINANCIAL STATEMENT

SR. No.

AMOUNT(RS.)

REMARK

1 COST OF CONSTRUCTION 9810556542.34 Rs.2700 rehab Rs.3500 sale

2 COST OF TRANSIT 1082060000.00 Rent (826no.) for 36 months

3 CORPUS FUND 826000000.00 Rs.10 lac per tenant(826no)

4 APPROVAL & OTHER CHARGES 3737766280.28 Incl. other expenses

5 TOTAL COST OF PROJECT 15456382822.626 RETURN FROM SALE 36174353040.00 Rs.28000/sqft

Sale Area sq.ft 1291941.18

7 NET PROFIT 20717970217.38

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lotus group - sahakar nagar (pioneer constructions) presentation

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