Preview
THE COUNTDOWN BEGINS TO INDIA’S LARGEST
BUSINESS-TO-BUSINESS REAL ESTATE EVENT
INDIA’S NEW
REAL ESTATE
GOLDEN AGE
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CITYSCAPE INDIA – WELCOME TO THE FUTURE
DEVELOPER PROFILES – SHIPRA, DHEERAJ, AQABA, TANMIYAT
CONFERENCE PROGRAMME
CITYSCAPE INDIA REAL ESTATE AWARDS AND COCKTAIL PARTY
w w w. c i t y s c a p e - i n d i a . c o m
THE INTERNATIONAL PROPERTY INVESTMENT AND DEVELOPMENT EVENT
BOMBAY EXHIBITION CENTRE
MUMBAI, INDIA
19-21 NOVEMBER 2007
01
Introduction: Rohan Marwaha, Group Director, Cityscape
Dear Property Professional,
Welcome to the Cityscape India Preview Magazine – your guide to India’s largest business-tobusiness real estate event, which is now only weeks away.
Cityscape, the world’s leading event in real estate is coming to Mumbai from 19 – 21 November
2007 and will serve as a platform for real estate professionals and investors, highlighting iconic
architecture, revolutionary development and unparalleled investment opportunities.
The size of the Indian real estate market is valued at approx US$12bn. The industry is estimated
to grow at a 33% CAGR to reach US$50bn by 2010. Strong economic growth, favourable
demographic changes, fiscal benefits, lower interest rates and an improving institutional
framework has helped the industry grow rapidly over the last few years. The industry grew 30%
in 2005 and 42% in 2006. The government has also shown serious interest in developing the
sector by relaxing FDI norms, allowing developers to access foreign capital.
India is experiencing a tremendous structural transformation. Although still an emerging market,
India’s demographic and economic growth prospects are very favorable; the country is expected
to become one of the world’s largest economies within 20 years.
In a recent report, the Asian Development Bank said India needs as many as 10 million new housing units a year by 2030. With India's central
bank restricting bank lending to real estate since it is considered sensitive and speculative, funds are stepping in to fill the financing gap.
The event will feature India’s largest business-to-business real estate exhibition as well as a networking conference with an outstanding
line up of regional and international speakers. Networking opportunities at Cityscape are plentiful, and our India edition will be no exception
– a cocktail party at one of Mumbai’s top nightspots and the Cityscape India Real Estate Awards at the Grand Hyatt.
Cityscape has made a considerable investment into the Indian market by developing its database and network of investors and senior real
estate professionals. The extensive marketing campaign that is currently taking place will ensure a high level of attendance in terms of
quality and quantity.
Earlier this year Cityscape embarked on an exciting new product – the Cityscape Market Intelligence Service (CMIS). This is an online
subscription based service which provides key intelligence, data, reports, statistics, trend analysis and other vital content on real estate in
emerging markets. This new product will be showcased at Cityscape India along with The Cityscape Magazine, so be sure to stop by one
of our access points and trial the service.
It is an exciting time in India’s property and real estate market and we hope at Cityscape India to examine the strength of the sector and
whether India can sustain growth in all asset classes as well as which cities offer the biggest potential return on investment.
We look forward to seeing you in Mumbai on 19-21 November at the Bombay Exhibition Centre.
Rohan Marwaha
Group Director – Cityscape
Platinum Sponsors
Gold Sponsor
Headline Indian Media Partners
Silver Sponsors
Headline International Media Partners
03
Contents
04 MAIN FEATURE:
INDUSTRY PASSAGE TO INDIA
08 DEVELOPER PROFILE:
JUBAIL-ATION OVER LAUNCH
10 DEVELOPER PROFILE:
TRUMP’S INDIA AGENDA
13 DEVELOPER PROFILE:
LIMITLESS BRINGS BIGGEST
NEW COMMUNITY TO INDIA
14 DEVELOPER PROFILE:
A HALF CENTURY OF QUALITY FROM K.RAHEJA
16 DEVELOPER PROFILE:
INVESTORS BANK ON JORDAN
18 DEVELOPER PROFILE:
SHIRPA HITS 8,000 HOMES LANDMARK
19 DEVELOPER PROFILE:
INTEGRITY - THE DHEERAJ WATCHWORLD
20 WHAT’S ON:
CITYSCAPE INDIA CONFERENCE PROGRAMME
24 WHAT’S ON:
CITYSCAPE INDIA REAL ESTATE AWARDS
26 SPONSOR PROFILE:
SHRISTI AT THE CUTTING EDGE
27 TRAVEL AGENDA:
TRAVELLING TO MUMBAI
28 WHATS ON:
CITYSCAPE INDIA COCKTAIL PARTY
Official Indian TV Station
Official Business Magazine
Official Media Partners
Supporters
04
Main feature: India profile
Industry's passage
to India
THE RATES OF GROWTH IN INDIA ARE UNPRECEDENTED IN THE COUNTRY'S HISTORY AND
THE BOOM IS REFLECTED IN A BUOYANT REAL ESTATE SECTOR. IT CUTS ACROSS ALL
SEGMENTS, FROM RESIDENTIAL TO COMMERCIAL AND HOSPITALITY. THE OPPORTUNITIES
ARE ABUNDANT BUT THERE REMAIN SIGNIFICANT CHALLENGES THAT FACE THOSE
WISHING TO INVEST IN THE INDUSTRY. NO SURPRISE THAT THE INDUSTRY WILL BE
BEATING A PATH TO THE INAUGURAL CITYSCAPE INDIA EVENT.
05
Main Feature: India profile
In just under ten years, India’s international
trade surplus in the services sector has risen
from a couple of billion dollars a year to
nearly $35 billion. For years, the country’s
growth has been measured in near double
digit figures.
It’s a terrific success story forged on the
back of the progressive liberalising of the
economy, although more change will be
needed to truly enable the economy to
blossom.
For the real estate sector, India is very
much the land of opportunity and it is
attracting the attention of the investment
community from across the world.
“A massive end user base and a shortage
of quality supply make the Indian real estate
market very attractive,” said Indraneel
Karlekar, Senior Vice President with ING
Clarion/ING Real Estate Investment.
Soaring rents in many parts of the
country more than underline the point.
Rapid urbanisation, a fast-growing middle
class and a developing mortgage market
have led to a growing demand in the
residential sector. The Indian government
estimates that there is a shortfall of
residential accommodation of some 20
million units and a trend towards smaller
numbers per household is likely to see that
gap widen.
On the retail front, a latent revolution is
expected to change the landscape of
shopping in India where currently less than
three percent of the total $300 billion retail
market is what is termed “organised retail”
as opposed to the traditional market-based
small retailer system. There are already
indicators of change, although there is also
considerable opposition to the more
widespread introduction of shopping models
familiar in the West.
One estimate, by KSA-Technopak, puts
the investment needed in the retail real
estate sector up to 2011 at between $10
billion and $15 billion. And that does not take
into account an additional $10 billion needed
to fit out the stores. With some 200 million
square feet of new retail space currently
projected, another 400-500 million square
feet is still needed, according to the firm.
However, the firm also cautioned that the
additional development should ideally be spread
across hundreds of towns and “rural hubs”
rather than concentrated in the major cities.
Chairman Arvind Singhal called for thoughtful
planning in the development of the space.
“The developments have to be planned,
keeping targeted consumers and targeted
retailers and other service providers in mind,
rather than build first based on the availability
of land and the hiring of an architect and then
find somebody who can use the space,” he
said.
The firm expects the retail market in India
to grow from $300 million to some $420
million by 2010 and to more than $600 billion
by 2015.
Until recently, much of the real estate
development related to retail has been
concentrated in the so-called “Tier 1” cities
such as Delhi or Mumbai, where large
numbers of the well-off live and which have
Reaching for the sky:
Mumbai is a leader
in the Indian real
estate boom.
local authorities inclined to support and
encourage such developments.
“These cities are the most attractive in
the short run,” according to Karlekar.
“However, Tier 2 and Tier 3 cities will also
offer compelling opportunities over the long
run. These cities have consistently outpaced
the major metros in growth rate since 1995
and are beginning to see higher incomes and
changes in consumer preferences.”
India’s role as the “back office of the
world” which has seen its service sector
enjoy such buoyant growth, has led to a
growing demand for high quality office
space. Project growth in the service sector
over the next five years will see demand for
high quality office space continue. With
major cities becoming very costly for new
office development, many developers are
looking at centres such as Hyderabad and
Pune which are rapidly growing centres for
offshore-centric service providers.
Another real estate segment with
enormous potential is hospitality. Add to the
country’s rich culture and history which
makes it such a desirable target for overseas
tourists, the fact that it has become such a
»
06
Main Feature: India profile
hot business destination makes the huge
demand for hospitality-based services an
important target for real estate developers.
Annual foreign tourist arrivals shows a
growth of some 13% this year, following last
year’s 15% increase on the previous year.
Monthly arrivals of foreign tourists between
250,000 and 500,000 point to the enormous
potential offered by India.
Meanwhile “internal tourism” - people
travelling around within the country - is
exploding following the liberalisation of the
air transport sector. The result has been an
upsurge in new domestic airlines, many of
them based on low cost carrier models well
established in Europe and the United States.
The result has been a whole new generation
of air travellers who once headed for the
nearest rail station but who now take the
plane.
There remain major constraints in
infrastructure such as airports, although the
government is seeking to address this.
Despite that “domestic tourism” is
calculated at more than 100 million people a
year.
The problem (and, thus opportunity) is a
shortfall of quality hotel rooms to cope with
the demand. Estimates put the number
needed in the next three years at 80,000
nationwide.
Growing links between India and the
Middle East in terms of real estate
development, has seen Emaar MGF - India
arm of the UAE’s Emaar - involved in a link
with hotels firm Accor to build 100 Formule 1
hotels across the country over ten years. The
chain will eventually offer 10,000 new hotel
rooms.
India is enjoying a towering economic
success story driven by the Indian Prime
Minister Manmohan Singh. The pragmatism
of his government has steered the country
along the path of greater economic liberalism
and augurs well for future economic
progress.
The economy continues to grow rapidly,
hitting 9.3% in the first quarter of 2007,
following the 9.4% growth recorded for the
whole of last year. The performance was
despite precautionary steps by the Indian
central bank to curb inflation by tightenening
monetary policy. The government strategy
was paying off, with inflation down to a twoyear low by September this year. At 3.5%, it
was in marked contrast to the inflation rate
of 6.7% recorded at the beginning of the
year which led to fears that the economy
was overheating.
Within the GDP figures, it was interesting
to note that the real estate sector was ahead
of the national GDP increase, at 11% and,
within that sector, hotels hit 12%.
With the fundamentals of the Indian
economy apparently sound, and prospects
for continued growth very good, the real
estate industry is expected to continue to
flourish. But deeper changes within Indian
society are expected to have an even greater
impact on real estate.
The trend towards urbanisation is part of
a long-term structural change in the Indian
economy. Where now, less than 30% of the
population live in cities, that figure is
Style statement:
The Indian boom
offers great
opportunities for
architects.
expected to double by 2030 (about the time
that demographic forecasts suggest that
India will overtake China as the world’s most
populous country).
08
Visit Tanmiyat
Group
Stand
B40
Developer Profile: Tanmiyat Group
Jubail-ation over launch
Leading Middle East real estate developer
and Cityscape India gold sponsor Tanmiyat
Group will be at the Mumbai exhibition
exploring potential development opportunities
and briefing visitors on investment
opportunities in the Middle East.
The firm’s busy agenda comes on the
back of a number of developments
announced in the Middle East recently.
These include the official launch of its
new integrated development “Al Khalidiyah”
in Al Jubail city, in the Kingdom of Saudi
Arabia.
The new project stretches across an area
of two million square metres.
The official launch of the Tanmiyat/Bin
Dayl-owned project coincides with a period of
increasing demand for residential units in the
Saudi market.
Abdullah Bin Abdul Aziz Al Majed, Vice
President, Tanmiyat Group, said: “We seek to
meet the requirements of modern life in each
of our projects, and specifically to fulfill our
clients’ needs. We are confident that the
quality of planning and attention to detail that
we have employed in in the execution of this
project will be highly appreciated by the
residents of this community, in terms of both,
function and aesthetics.”
Situated on King Abdul Aziz Road in the
prestigious Al Jubail city, Al Khalidiyah faces
the Naval Base on the Eastern side, and is
flanked on the West by a the Al Damam Jubail highway, strategically placing the
development between two major highways.
The project offers an exclusive
residential area, which boasts the support of
state-of-the-art infrastructure, including a
comprehensive road network, pavements, a
full water and sewerage pipeline network
and a complete electricity grid, covering the
entire project.
Jubail is located on the Arabian Gulf along
with “Yanba”, both cities being considered as
the centre for future national economic
growth by the Saudi Government. Jubail is
already the world’s largest converter of
natural gas resources to value-added
petrochemicals, and has succeeded in
building and maintaining a modern
infrastructure, offering promising business
and investment opportunities.
In a separate development, the firm
announced that it will develop the Al
Muhamadiya project, the first comprehensive
project in Saudi Arabia’s Jizan region, in what
is considered one of the most stylish districts
in the city.
The Al Muhamadiya project is located to
the north of the booming Jizan Economic
City, just 10 kilometres from King Abdullah
Bin Abdulaziz Regional Airport, and includes a
residential area comprised of 2770 housing
sections, with a total surface area of 2 427
533 square metres.
Tanmiyat Group and Tamweel, the United
Arab Emirates’ leading provider of real estate
finance, recently signed a mortgage
agreement covering the Saudi firm’s Living
Legends Project in Dubailand.
The mortgage facility is for the end users
of Living Legends, one of the firm’s flagship
projects and one of freehold developments in
Dubai.
Other projects that Tanmiyat is developing
in the UAE include the Commercial Heights in
Business Bay, and the soon to be launched
Ajman Marina Project.
Adel Al Shirawi, Chief Executive Officer of
Tamweel said: “We are pleased to be the
sole finance provider for Living Legends, a
prestigious project by Tanmiyat Group. This
development near Dubailand, with its
architectural landscape and intricately
designed buildings and fine finishing, is a
great opportunity for investors and end users
alike. Both Tamweel and Tanmiyat are in a
phase of rapid regional expansion and we
look forward to working together on more
exciting projects in the future.”
“We seek to meet the
requirements of modern life in
each of our projects, and
specifically to fulfill our clients’
needs. We are confident that the
quality of planning and attention
to detail that we have employed
in in the execution of this project
will be highly appreciated by the
residents of this community, in
terms of both, function and
aesthetics.”
Abdullah Bin Abdul Aziz Al Majed
Vice President, Tanmiyat Group
10
Developer profile: Trump Organization
THE MUCH-ANTICIPATED
CITYSCAPE INDIA CONFERENCE
HAS A LINE-UP OF MAJOR
PLAYERS IN THE INDUSTRY, AND IT
INCLUDES DONALD TRUMP JR.,
EXECUTIVE VICE PRESIDENT OF
DEVELOPMENT & ACQUISITIONS
FOR THE TRUMP ORGANIZATION.
HERE HE TALKS TO PREVIEW
ABOUT HIS MISSION TO
ESTABLISH A PRESENCE IN INDIA
AND SOME OF THE
CHALLENGES HE HAS FACED.
Trump’s India Agenda
Preview: Can you give us a flavour of what
you will be talking about at the Cityscape
India conference.
Trump: I intend to talk about some of my
impressions about the market, which is both
quite incredible but which does have
challenges. I will also talk about some of the
things that could make the market better.
Preview: What are your impressions of the
Indian real estate market so far?
Trump: It’s an amazing market, an incredible
booming market and I believe it will be that
way for some time to come. However, if some
of the challenges are addressed I believe that
they could create an even better market.
Preview: What makes you feel comfortable
about the Indian real estate market?
Trump: It has incredible year on year growth
comparable to that of China but not quite so
haphazard. That is a major factor, but there
are other important things. Throughout Indian
history there is an understanding of how
democracy works. As an American and an
outside investor that is a very important issue
and it makes it a more comfortable place for
me to put my money into. It is also an
English-speaking country and that makes life
for a foreigner more interesting.
Preview: To your mind, what are the
challenges facing those who want to
invest in Indian real estate?
Trump: The issues include ownership
regulations for non Indians and zoning.
Preview: Elaborate more on the issue of zoning.
Trump: When I spent some time there I saw
some amazing things going on from the
development standpoint. But then you have
other areas that you drive through and it is a
different story. You leave the HQ which is a
smart building and after a mile or two you
have slums. I think that more could be done
by the local authorities to address this issue.
Preview: What is your take on the issue of
Foreign Direct Investment (FDI) by non
Indian nationals?
Trump: This is an issue. Dubai is a great
example of how you allow the market to
enable you to become a real boom town. They
have allowed people from outside Dubai to buy
and own (real estate) and so you really feel
more comfortable. There are fewer concerns
about what happens from the political risk
standpoint. It is foreign investment in India that
will really drive the economy: FDI is the
afterburner for an economy.
Preview: How do you read the prospects
for reform?
11
Developer profile:
Trump Organization
The issues include
ownership regulations
for non Indians and
zoning.
“
“
Donald Trump, Jr.
Executive Vice President of
Development & Acquisitions
Trump Organization
Trump: You do see some reforms but they
tend to come in rather slowly. It would be
good to see (regulatory) changes coming in
much faster. It’s easier in places that are just
starting to grow.
Preview: A year ago you said you were
exploring opportunities in India but at that
time you had not found the right partner.
Has the picture changed at all?
Trump: I think so. We are in discussions
with two or three new groups and we have
been talking to them over the last few
months. They are business families. I would
say that some of these talks are progressing
much better than our initial talks. Initially,
we did meet some very good groups, but
perhaps not the best ‘fit’ for us and there
were other possibilities that did not make
sense for us. I think we are much closer
now than we were.
Preview: What did the earlier problems
relate to?
Trump: We met people who had experience
but maybe not in terms of the levels of
quality that Trump is known for. That’s
important. When we go into anything we
have to make sure that people can deliver
the product that our buyers expect when
they see our name on it. I can’t take
chances with the brand. Our brand is what
makes our buyers come back again and
again. I would never be comfortable going
to our buyers with anything less than a
product which lives up to our brand.
Prev: You have said before that “being on
the ground” is critical to your decision
making: how did you find the initial
experience in India?
Trump: The culture is just so amazing, as is
just being around the major cities. You have
to experience it and I have to say that at
times it is a reality check and a humbling
experience. The biggest shock is the
discrepancy between the haves and have
nots. That said, it is not like some places
where you see people below the poverty
line. There’s a lot of happy people. But you
have to see this on the ground. We were
talking and visiting people in Dubai for two
years. Finally we got our building on The
(Jumeirah) Palm and it’s incredible. When
you fly over it, you almost cannot believe it
is there. This is what I am looking for in
India and it’s only by being there that it will
happen.
13
Stand
Visit Limitless
D10
Developer profile: Limitless
Grand plan: Limitless’ master plan for the Bidadi Township.
Limitless brings biggest
new community to India
On the eve of Cityscape India, Limitless, the
Dubai-based international master developer,
announced it is to build India’s biggest new
urban community - a US$12 billion, 4000
hectare mixed-use project in Bangalore.
Limitless, a Dubai World company, will
create Bidadi Township - one of several
projects it is planning for India - through a 5050 joint venture with DLF, one of India’s
largest developers.
Bidadi Township is a balanced, sustainable
development of homes, commercial buildings
and retail units. Located 35km south-west of
Bangalore, India’s information technology
centre, it will house around 750,000 people
and attract billions of dollars of investment. It
is the first of five new townships the
Government is planning for the outskirts of
Bangalore.
Saeed Ahmed Saeed, Limitless CEO, said:
“India is currently experiencing the biggest
urban migration it has ever seen. As a result,
there is a massive opportunity for us to
demonstrate our core strengths of master
planning, innovative developments and
execution of large-scale projects.
“We are delighted to have been chosen
to create Bidadi Township, and to be playing
such a key role in India’s urban future.”
Work on Bidadi Township is expected to
begin in the first half of 2008.
This announcement, made as Limitless
gets set to exhibit at Cityscape India, comes
after Limitless established two new
companies in the Far East, where it is eyeing
a number of large-scale, balanced urban
community projects.
Limitless World China Ltd has been set
up in Hong Kong, while Limitless Consultancy
Company Ltd is based in Shanghai.
Mark Jared, Business Development
Director for Limitless in China, said: “China
will play a key role in our long term plans for
growth, and the launch of our companies
there reinforces our dedication to the Far
East. Our unique ability to create distinctive,
sustainable, urban developments means we
are ideally placed to help China in its move
towards greater urbanisation.”
News of the Limitless expansion in China
comes just days after the company disclosed
details of Halong Star in Vietnam, its first
project in South East Asia. Limitless also
recently announced the opening of its new
regional headquarters in Singapore.
Mark Jared added: “The Far East and SE
Asia are exciting, dynamic regions for
Limitless. Our projects in this part of the
world will represent a sizeable chunk of our
global portfolio of developments.”
“We are delighted to have
been chosen to create Bidadi
Township, and to be playing
such a key role in India’s
urban future.”
Saeed Ahmed Saeed
CEO, Limitless
14
Visit K.Raheja
Universal
Stand
C20
Developer profile: K.Raheja Universal
A half century of
quality from K.Raheja
For the past 50 years K.Raheja Universal has
been a prominent name in the real estate
future of Mumbai. It has been the name
behind numerous projects across India’s
largest port city and has quickly gained a
reputation for high architectural standards.
But now the developer is looking further
afield within India and soon its name will be
known across the vast country in regions
such as Pune, Mangalore and Goa.
The company started life in 1956. It was
founded by Shri. Lachmandas Raheja with the
aim of redefining the urban skyline in India
and achieve new benchmarks in modern
architecture. K.Raheja now has more than
2,000 buildings to its name and still there is
the desire to excel and even surpass
architectural standards.
K.Raheja combines strategy, planning and
methodical research for economic,
environmental, technological and community
insights, helping thousands of people to
realise their dream of better living.
Flagship developments almost roll of the
tongue. Raheja Regency, off Sion Circle in
Sion, is a 21-storey tower incorporating a
wide range of apartments. It is situated close
to restaurants and shops and will have a
health club, gym and swimming pool.
Raheja Solitaire is based at Goregaon
west and has an elevated garden as well as
top class apartments with top of the range
internal and external amenities. Raheja
Sherwood meanwhile is a sprawling new
residential complex at Goregaon east. The
three 16-storey towers are situated amid
extensive greenery and surrounded by trees.
It also has a clubhouse and a well-equipped
gym and swimming pool.
Raheja Orchid is a recently launched
seven-storey building at Juhu, offering one flat
per floor, while Raheja Exotica at Madh Island
offers residents the chance to enjoy the
luxuries of the Mediterranean. Each building
has a panoramic sea and garden view, with
Mediterranean-style architecture. Again there
is a gym, spa and swimming pool planned,
along with a tennis court and jogging track.
K.Raheja Universal will be looking
for development projects in Goa
Ashish Raheja, Managing Director of
K.Raheja Universal, says: “Over the years
K.Raheja has become a household name for
fine quality homes and aesthetic lifestyles. The
group was founded by my grandfather, Shri
Lachmandas Raheja, and has been redefining
the urban skyline in India ever since.
“Our passion for excellence continues
today and to date K.Raheja Universal alone
has completed approximately 35 prime
luxurious residential and commercial
developments covering four million square
feet across Mumbai’s prime areas.”
And K.Raheja is not resting on its laurels,
with numerous projects either on-going or
planned.
Ashish Raheja adds: “Our aim is to have
12 million square feet of projects initiated
throughout this year. This will comprise a mix
of sprawling luxury residential estates,
commercial hubs, IT Parks and malls in
Mumbai, Navi Mumbai, Pune, Hyderabad and
some of India’s fast-growing cities. To name
but a few we have Metroplex, an up market
“Our passion for excellence
continues today and to date
K.Raheja Universal alone has
completed approximately 35
prime luxurious residential
and commercial
developments covering four
million square feet across
Mumbai’s prime areas.”
Ashish Raheja
Managing Director - K.Raheja Universal
mall; Raheja One, a signature office tower
and Raheja Infocity, a state-of-the-art IT Park.
We are also in the process of tying up
another 10 million square feet in other cities.”
16
Visit Aqaba
Development
Corporation
Stand
D40
Developer profile: Aqaba Development Corporation
Investors bank on Jordan
Among the raft of real estate investment
opportunities emerging from Jordan is a $3
billion opportunity under a plan to redevelop
the ancient port city of Aqaba. The masterplan
aims to transform the region into a
commercial, residential and tourism
“powerhouse”, according to the Aqaba
Development Corporation (ADC).
The Corporation has unveiled the $3 billion
tender initiative aimed at drawing investors to
the area.
The two-phase project invites investors to
partner with the ADC to relocate the existing
port facilities 20 kilometres to the south and
using the vacated seafront for residential,
commercial and tourism developments.
The main port facilities will be relocated to
the southern border area with deeper waters
and upgraded services with an ability to
expand handling capacities for Jordan’s only
port facilities.
With the port relocated, the ADC said that
the vacated land represents prime waterfront
property. The area currently enjoys low-tax
and duty-free status, features a pristine
coastline and is surrounded by spectacular
historic sites such as Petra and Wadi Rum.
The ADC said that the aim of the new
development would be to create a new
mixed-use waterfront neighbourhood and
business district across 200 hectares.
“We have been developing the Aqaba
region for some time and this final phase will
enable institutional investors to develop some
of the most sought-after parcels of real estate
in the world,” said ADC Chairman and Chief
Executive Imad Fakhoury.
“Our track record speaks for itself, with
$2 billion in real estate public-private
partnerships already underway. We have
shown that we are willing to offer levels of
flexibility and freedom as well as government
support to any private development initiative.
“With its location, Aqaba is the most
beautiful blank canvass that any developer
could ever wish for.”
With its wide-ranging remit, the ADC has
been driving a number of initiatives aimed at
differing aspects of the redevelopment strategy.
It recently commissioned the Jordan River
Foundation to evaluate the social and
economic needs of the old town in Aqaba.
The findings will be fed into long-term
development needs of the area.
Said Fakhoury: “Our agreement with the
Jordan River Foundation stems from the
ADC’s interest in developing the local
community in Aqaba. Our responsibilities are
not limited to attracting investors and
implementing major projects in Aqaba, but
also ensuring that the development process
benefits all stakeholders, most importantly the
city’s local community.”
On another front, it signed an agreement
with Royal Jordanian that will see two daily
flights between Aqaba and Amman
introduced. Under the deal, tourism flights
coming into Aqaba will get a 50% discount on
ground handling fees. Regular flights will also
receive discounts.
Said Fakhoury: “This is another step in the
path of a long and fruitful relationship with
Royal Jordanian. With investments booming
and tourists increasing in Aqaba we found it
necessary for Royal Jordanian to operate daily
flights in the morning and evening between
Aqaba and Amman. The times of the flights
were studied carefully to best serve the
visitors of Aqaba, investors and tourists.”
“We have been developing
the Aqaba region for some
time and this final phase will
enable institutional investors
to develop some of the most
sought-after parcels of real
estate in the world”
Imad Fakhoury
Chairman and
Chief Executive, ADC
18
Visit Shipra
Estate
Limited
Stand
B20
Developer Profile: Shipra Estate Limited
Shipra hits 8,000
homes landmark
Indian real estate development major Shipra
Group has passed the 8,000 residential unit
landmark. But the growth of the business,
under the leadership of Mr Mohit Singh, has
seen it move into the the fields of integrated
townships, malls, multiplex, hotels and
business parks.
With a turnover of more than $36 million,
its current projects include:
● An integrated township in North Star
Country, Chandigarh, Punjab. The firm has
identified 1150 acres of land along the
Zirakpur Dera Bassi Highway. It is in the
process of acquiring the land for the project.
The planned economic and residential
township will feature: a special economic
zone, residential zones with town houses
and bungalows, a golf course with academy,
malls and multiplexes, schools and a five
star hotel. The firm will also be responsible
for infrastructure, roads and landscaping.
● Its Centrestage Mall has become a
landmark in Noida, reflected in record
numbers of visitors last Christmas. Designed
as a “lifestyle destination”, the mall has
extensive retail and parking space, a major
nightclub and a food and entertainment area.
The five-theatre multiplex is one of the first of
its kind in the city. The structure is designed
to be earthquake proof and features a state of
the art Building Management System giving
control over all systems, from lighting to air
conditioning.
● Also in Noida is the firm’s Mosaic
Hotel, located at the heart of the business
district. The boutique hotel offers 48 rooms
in three categories though all are wired to
enable them to function as high tech offices.
The hotel has four food and beverage
outlets, as well as conference and
banqueting facilties.
● Noida is also the site for a 1.2 million
sq ft business park with a state of the art
commercial complex and the whole site is
served by an uninterruptible power supply.
The firm said that it is suitable for all kinds of
businesses, including start-ups or those
testing the market in the region.
Visit Dheeraj &
East Coast LLC
19
Stand
A10
Developer profile: Dheeraj & East Coast LLC
Integrity - the
Dheeraj watchword
A clearly targeted market of lower and middle
income groups and an understanding of the
complexities of securing home finance, saw
the Dheeraj group flourish in the late 1980s
and early 1990s.
Then, it developed properties in the
western suburbs of Mumbai, including areas
like Vasai, Andheri, Malad, Jogeshwari,
Kandivali and Borivali.
“What gave a boost to the intentions of
the group was the response from the buyers
themselves,” says the firm. “Mumbai,
synonymous with a fast-paced life, poses
challenges for everyone. The Dheeraj group
acted proactively in identifying the intricate
needs of its residents and offered them just
what they needed.”
Dheeraj adopted the one-stop shop
approach, offering not only the property but
home loans through tie-ups with banks and
other home finance providers.
“The common man was convinced about
the integrity and the dedication of the Dheeraj
group by means of commitment in the
completion of projects and in providing
hassle-free accommodation,” says the firm.
Its track record put Dheeraj in an excellent
position to ride the wave of the service sector
revolution beginning in the mid 1990s.
Today, Dheeraj has a number of projects
“The common man
was convinced about
the integrity and the
dedication of the
Dheeraj group by
means of commitment
in the completion of
projects and in
providing hassle-free
accommodation.”
- Dheeraj group
underway in the western and eastern suburbs
of Mumbai. They include:
■ Arma, the latest offering from the
Dheeraj group. It is a nine-level development
taking shape in the heart of A.K. Marg
(Station Road) in Bandra East. The strategy is
to create a commercial mix of corporate
offices for banks and major sunrise firms,
typically in the information technology and
pharmaceutical sectors.
■ Kawal is a mixed commercial and retail
offering, located just 25 minutes from
Santacruz and Sahar Airport and just a
minute’s walk from Vikhroli rail station. With
space suitable for entertainment centres and
department stores, it also has office space
available from between 500 sq ft and 4,000
sq ft. Features include video and intercom
security system.
■ The Mall is located in Malad (w), close
to the rail station. The seven level
development is part of the new wave of retail
facilities and is aimed at becoming a
destination shopping facility.
20
What’s on: Conference Programme
19 – 21 November 2007
Cityscape India Conference Programme Overview
The world’s leading property investment and
development event, Cityscape, is delighted
to be coming to India!
Cityscape India 2007 will be held from 19
– 21 November 2007 at the Bombay
Exhibition Centre, Mumbai, and will feature
India’s first business-to-business real estate
exhibition and conference.
India’s real estate market is growing at a
rapid pace as a result of continued economic
growth, favourable demographic changes,
fiscal benefits, lower interest rates and
sustained demand from end users as well as
institutional investors.
The Indian real estate industry is
estimated to grow by 33% to US $50 billion
by 2010, and India is looking to remain an
appealing investment option for both
domestic and foreign investors. The
Government of India has been a keen driver
behind the ‘boom’ with policies being opened
up allowing 100% FDI, and as a result some
of the world’s largest property developers and
investors are entering the market.
So how can India sustain its growth in all
asset classes and which cities offer the
biggest potential return on investment?
These key questions and more will be
answered at Cityscape India 2007, where
you and your company will be able to share
in the expertise and experience of more than
40 leading regional and international
speakers and network with the main industry
players.
CONFERENCE DAY ONE PROGRAMME
Monday, 19 November 2007
15:45
Afternoon Networking And Refreshment Break
16:15
Legal And Regulatory Update - Deciphering The Current
Legislation, Trade Policies And Growth Drivers For
Foreign Direct Investment (FDI)
■ Saroj Kumar Jha, Partner, Fox Mandal & Co, India
■ R.R. Singh, Director General, Naredco, India
■ Sumit Jha, Director General, REDIPS & CEO, NIREM, India
Roadmap for India’s Real Estate Market
09:20
Registration And Refreshments
10:00
Chairman's Opening Remarks
■ Manisha Tank, News Anchor, BBC, UK
10:15
Keynote Address: Drivers For International
Investment In Indian Real Estate
■ Donald Trump Jr., Executive Vice President
of Development & Acquisitions, Trump
Organization, USA
11:45
12:30
Regional Spotlight - The Indian Real Estate Market
■ Ashish Raheja, Managing Director, K. Raheja Universal, India
■ Ajit Dayal, CEO, Quantum Advisors, India
■ Sanjay Chandra, Executive Director, Unitech Group, India
■ Debashish Mukherjee, Principal, A.T. Kearney, India
■ Mohit Singh, Managing Director, Shipra Estate Ltd, India
The Next Wave Of Investment Hotspots And Development
Opportunities In Tier 1, 2 And 3 Cities
■ Sushil Ansal, Chairman, Ansal Properties, India
■ Sameer Nayar, Managing Director & Head of Real Estate
Asia Pacific, Credit Suisse, USA
13:00
Networking Lunch For Delegates And Speakers
14:15
Entering The Indian Real Estate Market - Under The Microscope
■ Sunil Gomes, Director of Development, Istithmar, UAE
■ Adel Al Shirawi, CEO, Tamweel, UAE
■ Sourav Goswami, Managing Director, Walton Street
Capital India Private Ltd., India
15:00 Case Study: Winning Formula For Joint Ventures
■ Hardeep Dayal, Chief Executive Officer, Kolte Patil
Developers Ltd., India
■ Ambar Maheshwari, Director Investment Advisory,
DTZ, India
Our panel of expert speakers will
address important issues such as:
● Key drivers for international investment
● Strategies for improving India’s
infrastructure to sustain property growth
● Identifying the most profitable asset
classes and cities
● Capitalising on global markets – which
locations will offer the best returns?
● Fuelling investment opportunities in retail
and criteria for success in mall development
● Lessons learnt from China’s property
boom
● Winning formulas for structuring joint
ventures
● Capitalising on the rise in private equity
and other strategies for raising capital
Investment Focus
17:00
Real Estate Financing In India
■ Sumit Anand, Director, Lehman Brothers, India
■ Milan Kothary, Managing Director, GVA Intercapitalis, India
17:45
Chairman's Closing Remarks And Close Of Day One
CONFERENCE DAY TWO PROGRAMME
Tuesday, 20 November 2007
09:20
Registration And Refreshments
10:00
Chairman's Opening Remarks
■ Manisha Tank, News Anchor, BBC, UK
10:15
Capitalising On The Rise Of Private Equity In The Indian
Real Estate Market
■ Sanjay Verma, Executive Managing Director, Cushman &
Wakefield, India
■ Sachin Shah, Principal, Samara Capital, Samsara Fund
Advisors, India
■ Rak Chugh, Co-Founder & Managing Director, Trikona
Capital, India
11:00
Assessing Growth Potential Of Real Estate Investment
Trusts (REIT) In India - Where Do They Fit Into The
Alternative Asset Class Strategy?
■ Kar Tung Quek, Chief Financial Officer, Nakheel, UAE
■ Stephen Atkinson, Director, HSBC Bank Middle East Ltd.,
Managing Director, AREIT Management Ltd., Manager,
Arabian Real Estate Investment Trust, UAE
21
What’s on: Conference Programme
19 – 21 November 2007
11:30
Morning Networking And Refreshment Break
11:30
Morning Networking And Refreshment Break
12:00
Keynote Address: Emerging Markets Taking Centre Stage
■ Jonathan Garner, MD Head of Global Emerging Markets
Morgan Stanley, UK
12:00
12:45
Networking Lunch For Speakers And Delegates
Panel Discussion: Asset Class Analysis - Which Will Offer
The Greatest Returns?
– Moderator:
■ Bundeep Singh Rangar, General Partner, Amaya Venture, UK
– Panelists:
■ Anuj Puri, Chairman & Country Head, Jones Lang LaSalle,
India
■ Sanjeev Dasgupta, CFO & Head of Investments, Kshitij
Investment Advisory, India
■ Rohtas Goel, Chairman & Managing Director, Omaxe, India
■ Sundaram Rajagopal, Head of Real Estate Private Equity,
Lehman Brothers, India
12:45
Networking Lunch For Delegates And Speakers
International Real Estate Focus
14:00
14:45
15:30
Real Estate Investment Hotspots - Where Is The Smart
Money Going?
■ Trevor Williams, Managing Director – Economic Research,
Lloyds TSB, UK
■ Abid Junaid, Executive Director, ETA Star Property
Developer & Ascon Group, UAE
China Versus India - The Ongoing Debate
■ Zheng Xiaoping, Principal, Bazo Investments Asia Ltd., China
■ Robert Marshall, Senior VP, HOK Planning Group, Canada
■ Steven Townsend, Senior VP, HOK Planning Group, Canada
■ Chris Brooke, President and CEO, CB Richard Ellis in
Greater China
Architecture Focus
14:00
The Architecture Of A Converging World
Adding value through inspiring sustainable design
Good contemporary development:
■ George Ferguson, Past president of RIBA and Chairman
of Acanthus Ferguson Mann Architects, UK
14:30
Cyberture - Empowering The Future
■ James Law, MD, James Law Cybertecture International,
Hong Kong
Afternoon Networking And Refreshment Break
Alternative Asset Classes
16:00
16:30
Real Estate Opportunities Through The Proposed SEZs
And Townships
■ Rohtas Goel, Chairman & Managing Director, Omaxe, India
■ Amit Sanghi, Director, Sanghi Megapolis, India
The Impact Of India's Booming IT/ITES Sectors On
Commercial And Residential Growth
■ Kuldip Chawlla, Director, Mezzenine Group, Red Fort
Capital, India
■ Arshdeep Sethi, Vice President – Investments & Aliance,
RMZ Corp., India
■ Anuj Puri, Chairman & Country Head, Jones Lang LaSalle, India
Retail Focus
15:00
Mall Mania - Myths And Reality
■ Ian Watt, Executive Director, Old Mutual Properties (Pty)
Ltd., South Africa
15:45
Afternoon Networking And Refreshment Break
16:15
Criteria For Success In India's Retail Market
■ Harminder Sahni, COO, Technopak, India
■ Debashish Mukherjee, Principal, A. T. Kearney India, India
■ Sanjay Badhe, Head of Marketing & Cummunications,
Aditya Birla Retail, India
■ Raj Wilkinson, Creative Director, JHP, UK
16:45
Attracting Multi Brands - Fuelling Investment
Opportunities In Retail
■ Sanjeev Dasgupta, CFO & Head of Investments, Kshitij
Investment Advisory, India
■ Sanjay Sachdeva, Senior Vice President, Advance India
Projects, India
17:15
Entering The Indian Retail Real Estate Market - Under The
Microscope
■ Ankur Srivastava, Managing Director, DTZ Debenham Tie
Leung, India
17:45
Chairman's Closing Remarks And Close Of Conference
17:15 Hotel Investment: Capturing The Rising Demand
■ Peter Barge, Chairman & CEO Asia Pacific, Jones Lang
LaSalle Hotels, Singapore
18:00
Close Of Conference Day Two
CONFERENCE DAY THREE PROGRAMME
Wednesday, 21 November 2007
09:20
Coffee And Refreshments
10:00
Chairman's Opening Remarks
■ Manisha Tank, News Anchor, BBC, UK
10:15
Risk Factors In Infrastructure Investment - Is It Worth It?
■ Milan Kothary, Managing Director, GAV Intercapitalis, India
■ Kuldip Chawlla, Director, Mezzenine Group, Red Fort
Capital, India
■ Sujit Kanoria, Managing Director, Shristi Corp.
Effective Valuation Strategies In Emerging Markets
■ Tim Weale, Partner, Capital Markets Group, Cushman &
Wakefield, UK
■ Ashwin Ramesh, Principal, Primary Real Estate Advisors, India
11:00
For more information visit:
www.cityscape-india.com/conf
Four easy ways to register:
Tel: +9714 3352437
Email:[email protected]
Fax: +9714 3352438 Website:www.cityscape-india/reg
22
What’s on: Conference Programme
22 November 2007
Timing:
Registration and Coffee will be at 08.00. The workshops will run from 08.30 to 14.30 with two refreshment breaks at appropriate intervals.
Lunch will be served at 14.30 at the close of the workshop.
POST CONFERENCE WORKSHOP A - Thursday, 22 November 2007
Structuring Joint Ventures
Workshop Leaders:
■ Vineet Aneja, Head of the corporate practice at Fox Mandal &
Co, India
■ Rajan Gupta, Partner with Fox Mandal Little, India
■ Saroj Jha, Partner at Fox Mandal & Co, India
Timing:
Registration and Coffee will be at 08.00. The workshops will run
from 08.30 to 14.30 with two refreshment breaks at appropriate
intervals. Lunch will be served at 14.30 at the close of the workshop.
Cross Border Joint Ventures in India – Current Legal and
Regulatory Regime
● Setting up and managing a joint venture
● Legal environment and foreign direct investment policy in various
sectors
● Legal requirements and the latest regulations affecting joint ventures.
Cross Border Joint Ventures In India - Current Tax Regime And
Issues
● Tax; trading and investment
Entry Options And Structuring Of JVs
● Structuring joint ventures and entry options
● How to acquire Indian companies: laws and procedure
● Routing foreign investment from a suitable jurisdiction
● Various vehicles types; Company, partnerships, trust, society, etc
Issues In Investment In Public Companies As Well As
Companies Under Public Sector ( State Owned)
● Applicability of takeover code issued by SEBI, in case of
acquisition of listed companies;
● Disinvestments and privatisation policy in India
● Issues pertaining to public private partnerships (PPP’s)
Cross Border Joint Ventures In India - Contractual Issues
● Aligning objectives/decision making/business plans/and time scales
● How to address the issue of management controls
● Laws pertaining to non-resident directors
● Areas of potential dispute
● Identifying the risk factors and ways of minimizing risks;
● Exit strategies and options
Cross Border Joint Ventures In India - Deal Making
And Financing
● Identifying attractive investments – sectors and suitable partners
● Overview of financing climate in India
● Funding available; external and internal debt
● Profit sharing, long term or short term partnerships
● Accounting issues
Case studies of successful joint ventures in India
POST CONFERENCE WORKSHOP B – Thursday, 22 November 2007
Real Estate Valuation and Investment
Workshop Leaders: Indian Institute of Real Estate (IIRE)
● Real estate market analysis – identifying drivers
Overview Of Real Estate As An Investment Class
Cost Of Capital For Real Estate
● Relationship between risk and return
● Types of risk and role of diversification
● Cost of capital framework for use in emerging markets
● Impact of financing decisions on real estate investments in India
Capitalisation Methodology For Real Estate Valuation
● Time and risk value of money
● Present value mathematics for real estate
● Capitalisation rates, equivalent of multiples for real estate
Discounted Cash Flow Valuation Frameworks
● Enterprise valuation
● Equity valuation
● Measuring cash flows – structure of a real estate financial statement
● Issues in projecting cash flows for real estate investments
Introduction To Real Estate Economic Analysis
● Real estate space and asset markets
● Supply and demand dynamics
● Introduction to urban economics
● Economics of land value
For more information visit: www.cityscape-india.com/conf
Four easy ways to register:
Tel: +9714 3352437 • Email:[email protected] • Fax: +9714 3352438 Website:www.cityscape-india/reg
24
What’s on: Cityscape India Real Estate Awards – 20 November 2007
20th November 2007, Grand Hyatt Mumbai
The Gala Dinner and Awards Night on November 20th, 2007 is a
“must attend” event during Cityscape India.
The Cityscape Real Estate Awards will reward excellence in real
estate development and investment within India. They will seek to
recognise and reward real estate industry professionals and
companies that have shown outstanding performance and
achievement in key market and project areas.
Winners will be rewarded at an elaborate Gala dinner on 20
November 2007 at the Grand Hyatt, Mumbai, attended by senior
executives and personalities from the real estate industry, as well as
several high profile special guests.
JUDGES
● SANJAY VERMA - Executive Managing Director, Cushman & Wakefield
● PETER BARGE - Chairman & CEO, Jones Lang La Salle
● TIM WEALE - Partner - Capital Markets Group, Cushman & Wakefield
EVALUATION CRITERIA
All entries will be judged on contribution to world architecture
culture, invention and imagination, respect for people, the planet,
context: environmental awareness and appropriateness in the India
region. In some categories, entries will be separated into Built
Projects (those already complete) and Future Projects (those
incomplete or still on the rawing board).
ELIGIBILITY CRITERIA
Entries will be accepted for buildings or future projects in India.
Deadline for submissions is 6pm on Wednesday 31 Oct 2007.
AWARD NOMINATIONS
The Awards are open to all industry professionals and companies in
India only.
SUBMISSION REQUIREMENTS
For each project entered, candidates must submit:
● completed Awards nomination entry form
● 100 word brief outline of the project (in word document)
● a 500 -1000 word Award Synopsis with supporting facts and
figures (in word document)
● images of the scheme (300 dpi, PDF, jpeg, or tiff format. NOTE:
images should not be more than 5MB
Sponsored by:
THE CATEGORIES
Finance
Most Innovative Finance Award
Marketing
Best Real Estate Marketing Campaign Award
Corporate Social Reponsibility
Best Corporate Social Responsibility Project Award
Development
■
■
■
■
■
Best Developer – Retail Project Award (Future & Built)
Best Developer – Commercial / Office Project Award (Future & Built)
Best Developer – Hospitality Project Award (Future & Built)
Best Developer – Residential Project Award (Future & Built)
Best Developer – Mixed Use Project Award (Future & Built)
Nominations can be emailed to [email protected] up until the
closing date of 6pm, Wednesday 31 October 2007. Should electronic
means not be available, please contact Sarah Salera at
[email protected] or telephone +971 4 3365161 ext 119.
Alternatively, you can send the Awards entry form along with the
appropriate supporting materials on a CD to:
Cityscape India Real Estate Awards,
IIR Exhibitions, PO Box 28943
Room 320 Sultan Business Centre (beside Lamcy Plaza)
Oud Metha, Dubai, UAE
26
Visit Shristi Infrastructure
Development Corporation Ltd
Stand
A01
Sponsor profile: Shristi Infrastructure Development Corporation
Shristi at the cutting edge
Leading infrastructure provider Shristi
Corporation arrives at Cityscape India with a
portfolio of projects in many areas of India
and covers everything from transportation
terminals and hotels to residential and retail
developments.
One of its most advanced projects is for
its Devasthal luxury apartments at
Indirapuram, Ghaziabad.
Features of what the firm calls a “worldclass living experience” include
environmentally friendliness and a home
environment characterised by smart
technologies.
Apartments are “green” and certificated
to the highest levels of the US LEED system.
The lighting systems are 50% more power
efficient than conventional systems, and
there is extensive use of solar energy.
Rainwater harvesting is also a feature of the
development.
The smart homes feature automated
lighting and air conditioning as well as
remote-controlled windows, doors, curtains
and blinds. Detection systems monitor
smoke, temperature and light levels.
They are safe, too. The complex has 24
hour camera surveillance and security patrols
and the apartments have bio-metric
recognition. Rooms come with their own
panic button.
The complex facilities include a webbased ordering system, concierge service, car
washing and laundry.
The grounds feature a club, swimming
pools for adults and for children, extensive
sporting facilities such as basketball and
badminton courts, conference and business
centre, spa and sauna and an amphitheatre.
In a villa project at Santiniketan, West
Bengal the developer is working on a complex
of high end villas and cottages. It was also
feature a spa resort, an Ayurvedic health care
institution, banqueting and conference centre
and speciality restaurants and cafes.
On the hotels front, Shristi Corporation
plans the Rajarhat, Kolkata, a proposed
development on the eastern edge of the
municipal limits of the city. The hotel takes its
name from the overall development and is
the only hotel planned there.
The West Bengal Housing Infrastructure
Development Corporation (HIDCO) has
planned the Rajarhat township as a hub for
business, trade, industry, institutions and
culture. Though planned as a self-contained
growth centre, it will be integrated into the
metropolis.
The hotel, which is close to the airport,
will also serve the information technology hub
being created in the area.
At Udaipur, Rajasthan, the firm is
developing the Vipani shopping mall and
luxury resort. Overlooking the Goverdhan
Sagar Lake and with exellent road, rail and air
links, Vipani is designed to offer an ideal
weekend break.
Its components include the resort and
mall, convention centre, healthcare centre
and entertainment facilities. The biggest
complex of its kind in Rajasthan, it offers
exclusive lifestyle shopping, a range of
environmentally friendly features, clubs and
sporting facilities.
The firm is also behind a scheme for a
commercial and cultural complex planned for
Agartala. The destination shopping complex
would be the first of its kind in the State of
Tripura.
At Worli, Mumbai, it is behind a hotel and
hospital complex.
Apartments are “green” and
certificated to the highest
levels of the US LEED system.
27
Travel agenda: India
Victoria Terminus train station – a Mumbai landmark
Travelling to
Mumbai
RECOMMENDATIONS FOR VISITORS
Book your hotel early
Demand for hotel accommodation in
Mumbai, especially during November, is
extremely high. All participants to Cityscape
India are strongly advised to book their
accommodation as soon as possible in order
to avoid disappointment.
We have organised preferential hotel
rates for all Cityscape India participants. Our
official travel co-coordinator, SITA TRAVEL will
assist you with your bookings.
● Contact: Saji Edward
Tel: 91 22 6649 2010
Switch Board: 91 22 6649 2000
Fax: 91 22 6649 2001 / 2002
Email: [email protected]
Please quote ‘Cityscape India’ when booking.
Alternatively, visit cityscape-india.com/travel and
reserve your accommodation online.
Visas
Tourists wishing to visit India are normally
granted short-term tourist visas, effective
from the date of issue. Tourist visas are non-
Rajabhai Clock Tower
extendible and non-convertible.
All foreign nationals entering India are
required to possess a valid international travel
document in the form of a national passport
or UNI Laissez Faire with a valid visa obtained
from an Indian Mission or Post abroad.
Nationals of Nepal, Bhutan and Maldives are
however, exempted from this requirement.
To request a letter of invitation please
email [email protected]
Climate
It is never too hot or too cold in Mumbai and
since it is a coastal city there is not much
change in the temperature throughout the
year. Due to its proximity to the sea the
weather is often humid. Temperatures range
between 19C and 34C. The Monsoon
season, when the city has most of its
rainfall, is between June and September.
● BEST SEASON: October-March
● CLOTHING: Summer - cottons; Winter light woolens.
Languages
India has about 15 major languages and 844
different dialects. The Sanskrit of the Aryan
settlers has merged with the earlier Dravidian
vernaculars to give rise to new languages.
Hindi spoken by about 45 per cent of the
population is the national language. English
has also been retained as a language for
official communication.
Culture
Rich with history and glowing with the
promise of tomorrow, India is, most of all, a
28
Travel agenda: India
combination of many destinations to be
savoured.
Indian culture can be classified into many
varied forms. Influenced by various religions
and customs of the world, the culture of India
is the result of the mingling of religious values,
folk idioms and art forms. While the religious
influence is quite evident in the “classical”
Indian culture mostly found in smaller towns
and villages, the urban India is now widely
influenced by globalisation.
The Gateway to India
Indian Architecture
Five millennia of inspired architects have
combined to create, in India some of the
world’s most magnificent monuments to the
building arts. Fabulous creations rise from
every corner of this nation from every period
of her history. There are monuments to the
gods – be they Muslim, Buddhist, Hindu, or
Christian; monuments to government, be
they English or Indian; monuments to
maharajahs, and India’s most famous – her
glorious monument to love, the Taj Mahal.
Mumbai – The Business Hub Of India
Mumbai, a cluster of seven islands, derives its
name from Mumbadevi, the patron goddess of
the Koli fisher folk, its oldest inhabitants.
A lovely natural harbour and winding
creek set off the city of Mumbai from the
long, narrow coast of Western India.
Mumbai pulsates with activity. It is a city
that is disciplined by no time frame, neither
by day nor night. Mumbai is also the
A chance to network
country’s financial powerhouse, the nation’s
industrial heartland, and its economic nerve
centre. Dazzling shopping arcades, exciting
sports activity, night clubs and
discotheques, theatre and music, gourmet
restaurants and interesting sightseeing –
Mumbai offers the visitor a heady mix of all
this and more.
19th November 2007
on’t miss the Cityscape
India cocktail party which
will provide a fantastic
opportunity for exhibitors,
sponsors, conference delegates,
speakers and VIPs to network.
It’s being held on the first
night of the exhibition, Monday,
November 19th at one of
Mumbai’s most popular venues,
Enigma at the JW Marriott,
The cocktail party will begin
at 7.30pm. Transport will be
provided to the venue from the
exhibition halls.
Please note that exhibitors,
sponsors, conference speakers
and delegates, and VIP visitors
have automatic entry into the
cocktail party.
D
Sponsored by
To book your ticket to attend
the cocktail party go to
www.cityscape-india.com/party