N.D. DEVELOPERS (P) LTD.398, 1st Floor, 7th cross, MICO Layout, BTM 2nd Stage,

Bangalore – 560076.PH : 080 41200 012FAX : 080 41200 089

Website : www.nddevelopers.com

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

PROFILE OF

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

Name M.K.K.DURANI

Designation Managing Director

Age

Qualification

Business Connections

49

1) Chairman & Managing DirectorN.D. Developers Pvt. Limited.N.D. Properties Pvt. Limited

2) Proprietor – M/s UNITED CONSTRUCTIONS, having gross receipts of 348 lakhs for the fiscal 2003-20043) Proprietor – Z.K. Constructions

Official Correspondence N.D. Developers Pvt LtdNo.398,1st floor, 7th cross, MICO Layout, BTM 2nd Stage, Bangalore – 560076

No.187, 2nd cross, Mico Layout ,2nd stage, BTM layout, Bangalore - 560076

Rs.1100 Lacs

Diploma in Civil Engineering

Exposure With the object of meeting the aspira-tions of middle class requirement for housing, Mr. Durani after his education ventured into his own business as Sole Proprietor in “United Construction” in 1992. Before venturing into own busi-ness Mr. Durani had worked with many constructions companies which resulted in fruitful experience in the construction field. With growth in leaps and bounds the United constructions achieved a turnover of Rs.348 Lakhs in during the

Rs. 15,00,000/- (Asst Year 2011-12)

Promoter - 1

Residential Address

Net Worth

Gross Annual Income

financial year 2003-2004.The Incredible growth with united Constructions promoted Mr. Durani to venture in to corporate set up for construction of residen-tial properties. He is Cofounder of ND Developers P Ltd.Mr. Durani with is education back-ground and more than 25 years of experience in construction industry has excellent contacts in the field. Apart from this he has good laisoning with the all Statutory authorities relevant for construc-tion.

The Executive Director of ND Develop-ers Pvt. LtdMrs. Ayesha is one of the most recog-nized and experienced professional in the marketing sector. She cofounded ND Developers Pvt. Ltd with Mr. Durani in 2002. Well-known for her innovative techniques in marketing and creative strategies, she manages the complete promotional and marketing activities of ND Developers.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

With the object of meeting the aspira-tions of middle class requirement for housing, Mr. Durani after his education ventured into his own business as Sole Proprietor in “United Construction” in 1992. Before venturing into own busi-ness Mr. Durani had worked with many constructions companies which resulted in fruitful experience in the construction field. With growth in leaps and bounds the United constructions achieved a turnover of Rs.348 Lakhs in during the

financial year 2003-2004.The Incredible growth with united Constructions promoted Mr. Durani to venture in to corporate set up for construction of residen-tial properties. He is Cofounder of ND Developers P Ltd.Mr. Durani with is education back-ground and more than 25 years of experience in construction industry has excellent contacts in the field. Apart from this he has good laisoning with the all Statutory authorities relevant for construc-tion.

The Executive Director of ND Develop-ers Pvt. LtdMrs. Ayesha is one of the most recog-nized and experienced professional in the marketing sector. She cofounded ND Developers Pvt. Ltd with Mr. Durani in 2002. Well-known for her innovative techniques in marketing and creative strategies, she manages the complete promotional and marketing activities of ND Developers.

I. INTRODUCTION:

The Quest for a home, the dream treasured in one’s mind is in all respect man’s ultimate goal. A space of his very own, to share his joys as well as sorrows, build his dreams and rejoice in his achievements. A space for his children to grow and nurture their dreams and in the process cherish that special feeling of bonding. Lending a helping hand in trans-forming this dream to reality is N.D.DEVELOPERS PVT LIMITED.

N.D. Developers Private Limited (formerly known as ‘United Constructions’ in the field of construction for the past two decades) a Company registered under Companies Act, 1956 was incorporated in January 2003 with an authorized and paid up capital of Rs.100 lacs. The company is incorporated with the main objects of property development, construc-tion of apartments, commercial complexes & residential housing projects in response to the growing need for quality housing and commercial space in the metropolitan city of Banga-lore. Since then the Group has grown to be one of the leading Real Estate Developers of the country, serving the needs of the discerning clientele.

The Company has residential housing project named ‘N.D.PASSION’ at Kudlu Gate, Bangalore consisting of 273 flats in progress with the total project cost being Rs 50 Crores. The project is executed under a joint venture in which company’s share is 64%. The total constructed area of the project is about 5 Lacs Sq Feet and Saleable area pertaining to company’s share is 2,68,800 sft.

II. BACKGROUND:

Bangalore is the capital city and the political, social and economic hub of the state of Karnataka. It is one of the fastest growing metropolitan cities in India today. The population of the city at 4.8 million in 1991 is expected to exceed 7 million by the year 2011. With less than 0.5% area of the state, it is home to nearly 10.5% of its population. Bangalore is India’s fifth largest and its population has almost doubled over past 10 years. The growth is attribut-able to economic reforms in India. The city’s growing popularity as a software destination and its ability to attract individuals to live and work has been commendable

Historically the Government of India has taken the initiative to establish institution like MAC,HMT, ITC and ISRO etc., in Bangalore. This thrust has helped the city develop to a hub of information technology, electronics, precision engineering, aerospace ready made textiles and electrical machinery. In fact, 33 of the top 200 software companies in the coun-try are headquartered in Bangalore. It remains the IT hub of India, with over 70% of the revenues of the software industry being generated here.

Today the Indian and Multinational companies, who are in IT related business occupy close to a million square feet of space and have paved the way for a lot more peer groups to absorb several million square feet of space. On the whole, the up swing in commercial (office and retail) and residential space transaction continues. As predicted by many interna-tional real estate consultants like Brooke International, CB Richard, Jones Lang LaSalle, Cushman Wakefield, most facilities which are ready/nearing completion have been leased by end-users.

Bangalore has emerged as one of Asia’s fastest growing cities, with a growth rate of 76% between 1981 to 1991. During 1995-96 the market values had risen by more than 100% in all segments. With increased urban development activity, the city had achieved the distinction of the highest growth rate in the county at more than 40%.

III. COMPANY PROFILE:

Corporate:

Incorporated in 2003 as a private limited company under Companies Act, 1956 and having successfully completed several landmark projects, N.D. Developers has established itself as one of Bangalore's largest property developers and construction companies spe-cialising in building quality apartments.

For the astute investor our investment units are second to none and for the owner- occupier we give better value for money through thoughtful design and quality implementa-tion. While focusing on exceeding client's expectations we ensure quality and excellence in its projects. N.D.Developers has strong relationships with consultants who are industry leaders.

Management:

N.D.Developers brings together a team of qualified professionals in the field of Man-agement, Engineering, Finance, Marketing and Administration who provide direction to the company's strategic and exponential growth in a dynamic real estate environment. N.D. Developers Holdings is promoted by Mr. M.K.K Durrani, a Diploma holder in Civil Engineer-ing, having vast experience in construction sector, financial management and marketing.

A well-equipped infrastructure and integration of Information Technology into all aspects of the organization ensures smooth operations. Strong processes are the backbone of N.D. Developers success. Immaculate planning, documentation and time-tested processes drive all our activities and interfaces.

Mission & Vision:

Our mission is to be perceived as a 'builder of choice' by customers. We are in the process of achieving this by providing world class residence space, by leveraging commit-ment, resources, modern technology, and a best-in-class workforce.

N.D. Developers firmly believes in the fundamental aspect of successful business ventures-relationships and this philosophy is mirrored in all the activities and endeavours of the company, be it with the customers, associates, architects, landowners or suppliers, the approach and congeniality have always struck a chord in the minds of all. Always accom-modating, ready for any challenge and eventually always winning over the hearts.

Work culture:

The Company backed up by two decades of experience in architectural planning, design and implementation, has come of age, in that, the company has analysed the demanding choosy requirements of home owners that encompass above parameters and they are determined to deliver a home a tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical standards. It keeps in its mind the futuristic requirement which calls for world class specifications and high standards of construction practice.

Through site selection, architectural design, construction bidding and coordination of operations and financing, the Company has been the developer of choice for many resi-dential flats. Superior construction, Professional customer service and Excellent support

system highlights N.D.Developers as homemakers with passionate zeal. The essence of quality-be it in construction or service is mirrored in every creation. N.D. Developers has credit of 10 prestigious completed projects worth Rs 200 Crores with One more project worth Rs. 100 Crores in progress. The company has sea-soned professionals with decades of expertise in property development at its helm. The group’s professionalism in there is reflected in its diverse workforce where all divisions are headed and supported by professionals in their respective fields. Backed up by highly experienced Civil Project Directors with young field engineers, who have completed a number of projects in Bangalore covering residential, commercial buildings including the Company is never short concept for timely completion of the build-ings. While doing so they ensure that they do not end up Architectural cul-de-sac. We strive to provide construction services that are focused on complete customer satisfaction. We hope to meet the high standards set by the previous masters with our perseverance, design and implementation. We are successful, by using our integrity and to build lasting partnerships with the society and our clients. It has helped over thousands of dreams come true by giving shape to prestigious Vintage Elite. IV. GOVERNMENT INITIATIVE:

The policies of urban development and housing in India have come a long way since 1950s. The pressure of urban population and lack of housing and basic services was very much evident. The recent decision of the government to allow mutual funds to invest in mortgage backed housing loan securities resulting in greater inflow of funds into the housing and real estate sectors has boosted the activity in housing sector. The interest rates on housing loans are at the lowest, income tax sops are made further attractive and generally the affordability has gone up. This has resulted in good demand for apartments and inde-pendent bungalows.

The state Government has launched series of initiative to tackle infrastructure bottle-necks hampering the state’s progress. Ring road projects around Bangalore, flyovers, Express highways, Cauvery drinking water supply schemes and upgrading of electricity transmission and distribution network besides stepping up power generation and may more similar projects have been initiated. The state Government has taken up developmental works with World Bank assistance on a war footing.

The Ministry of Commerce & Industry, Government of India vide Press Note.4 (2001 series) permitted Foreign Direct Investment up to 100% for development of integrated town-ships, including housing commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit and providing allied infrastructure will form an integrated part of township’s development.

V. COMPLETED PROJECTS:

Successfully completed projects are the best testimony that any developer can ask for. And N.D. Developers projects speak volumes about the quality consciousness that is such an integral part of this forward-looking organization. They are also perfect examples of the careful planning and the attention to detail that make every N.D. Project a pleasure to live in. The major projects successfully completed and handed over to the clients are:

1)N.D.RESIDENCY

Located at J.P.Nagar, 5th Phase, Bangalore, a project of Rs.300 lakhs owned by the company with eight flats and successfully handed over to the clients. The features of the project included a) veritable spring board for its quality construction, b) basement parking for all flats c) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. d) Vitrified tiles, granite for kitchen platform.The project was commenced in March 2003 and handed over to the clients in January 2004.

2). N.D.PINNACLE

The Project located at B.T.M.Layout, Bangalore, worth Rs.750 Lakhs. The project was completed with a joint venture of N.D. Developers and Mr. Ashok Kumar Jain, sharing 60% and 40% respectively. The project is of 24 flats included the following features

a) veritable spring board for its quality construction, b) roof top gym with all modern equipments, c) internationally reputed Ms/ Kone Elevator for Six people d) back up standby generator of Jackson e) basement parking for all flats f) internet and intercom facility g) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. h) Vitrified tiles, granite for kitchen platform.

The project was commenced in Feb 2004 and handed over to the clients in March 2005.

3) N.D.HAZEL

The Project located at 16th Main, 2nd Stage, B.T.M. Layout, Bangalore, worth Rs.500 Lakhs. The project wholly owned by the company consisted of 16 flats. a) veritable spring board for its quality construction, b) internationally reputed Ms/ Kone Elevator for Six people c) back up standby generator of Jackson d) basement parking for all flats e) internet and intercom facility f) Teakwood panelled doors and windows with high quality aluminium sliding windows with mesh. g) Vitrified tiles, granite for kitchen platform.The project was completed and handed over to the clients in the month of Feb 2006.

4) N.D.GIPFEL

The project was executed in joint venture with, the share of company being 72% of 62 flats. This is project located at Bannerghatta road, Bangalore and is worth 1200 lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 pas-senger lift and car parking. The project also included a unique feature of Roof top swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in March 2008.

and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 2 nos. 8 passenger lift and 1 service lift in each block and car parking. The project also included a unique feature of 15,000 sqft Club house, Children’s Play Area, Basket Ball Court, Jogging Park, Private Swimming pool & Private Garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, Out door & Indoor Swimming Pool, Gym, and Landscaping. The project is under full swing construction where in almost 55% of the builders share of saleable area i.e approximately 1,54,000 Sqft out of 2,74,626 Sqft is already sold out.

2) N.D. Laurel

The project located at Gunjur Village, Varthur Main Road, (3.5 Kms from Forum Value Mall, Whitefield, Bangalore. It consists of 104 flats. This project is executed under Joint venture wherein the company’s share is 66%. A 1 Acre 18 guntas land with the total constructed area of the project is about 1,31,000 Sq Feet Ground + 7 upper floors & base-ment car parking and Saleable area pertaining to company’s share is 85,000 sft. The Pro-ject consists 2 Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club house, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project was launched on Sept 2011 and is expected to be completed in Dec 2013.

3) N.D. Passion Elite

The project located on Harlur Main Road (Off Sarjapur Road),Bangalore. It consists of 147 flats. This project is executed under Joint venture wherein the company’s share is 60%. A 2 Acre 33 guntas land with the total constructed area of the project is about 2,72,000 Sq Feet Ground + 7 upper floors with basement and stilt floor car parking and Saleable area pertaining to company’s share is 1,63,000 sft. The Project consists 5 Blocks totally costing Rs. 5,500 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator. The project also included a unique feature of Club House, Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool, The project was launched on May 2012 with a completion time of 30-35months.

VII. PROPOSED PROJECTS:

N.D. Around the Mangoes

The project located at Gunjur , Varthur Main Road It consists of 165 contemporary styled villas. This project is executed under Joint venture wherein the company’s share is 64%. A 20 Acre land with the total constructed area of the project is about 6,00,000 Sq Feet and Saleable area pertaining to company’s share is 3,84,000 sft. costing Rs. 12,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, Marble flooring, 24 hours electricity and water supply, back up gen-erator. The project also included a unique feature of Club house measuring 25,000 Sqft , Children’s Play Area, Basket Ball Court, Jogging Park Toddlers pool. The project is expected to launch in July 2012.

5) N.D.OLIVA

The project located at HSR 2nd Sector, Bangalore consists of 103 flats. This project was executed under Joint venture wherein the company’s share was 70%. The Project con-sists five Blocks- A, B, C, D, E & F Blocks totally costing Rs. 3,000 Lakhs. The features of the projects include Solid block masonry for external and internal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up generator, 8 passenger lift and car parking. The project also included a unique feature of Jogging Park, Private garden, Toddlers pool, Steam & Sauna, Billiards tables, Departmental Store, Clinic, Laundry, swim-ming pool, gym, landscaping and clubhouse. The project was completed and handed over in June 2008.

6) N.D.SUNSPURGE Located at HSR Layout consisting of 24 flats worth 740 lakhs. This project was executed on the land owned by company. The location of the project itself is the key feature of the project. The project is located in the I.T. hub of the city surrounded by well know IT Companies. The features of the projects include Solid block masonry for external and inter-nal walls, teak wood doors, vitrified tiles, 24 hours electricity and water supply, back up gen-erator, 8 passenger lift and car parking, adequate natural lighting, landscaping etc. The project was competed and handed over in Dec 2006.

7) N.D.WILLOW

Located at BTM Layout consisting of 12 flats worth 300 Lakhs, was executed through joint venture, company’s share being 50%. The project was completed and handed over in February 2007.

8) N.D.SEPAL

Project located at plot survey No.29/2A, Haralakunte village, Adjacent to HSR Layout, Begur Hobli, Banglaore. The Project was carried out under joint venture on a land spanned over 55,000 sq ft. The company’s share in the joint venture is about 69% owning 37,500 sft of the total 55,000 sft, with super built up area of 85,250 consisting as per the plan approved square feet of 80 flats. The project is complete already handed over to the clients in September 2009.

9) ND Ascent

Project located at plot Hosur road, Banglaore. The Project was carried under joint venture totaling with 40 flats in the project. The project is almost complete and handed over to the clients in year April 2010.

VI. ONGOING PROJECTS:

1) ND Passion

The project located at Harlur Main Road, Off Sarjapur Road, Bangalore. It consists of 273 flats. This project is executed under Joint venture wherein the company’s share is 64%. A 4 Acre land with the total constructed area of the project is about 5 Lacs Sq Feet Ground + 12 upper floors & double basement car parking and Saleable area pertaining to company’s share is 2,74,626 sft. The Project consists 3 Blocks- A, B, C Blocks totally cost-ing Rs. 8,000 Lakhs. The features of the projects include Solid block masonry for external

VIII. MARKET POTENTIAL:

APARTMENT PREFERENCE

Living in an apartment offers the advantages of community living. Security is a major factor in apartment complexes apart from the conveniences in terms of maintenance and civic amenities that it offers. It has the distinct advantage of water and power being available for sure. A swimming pool, club house and landscaped gardens come for a small price. Help is on hand and life is a lot easier.

The apartment culture is all about a community bonding and breaks barriers. With the growing trend and nuclear families where both spouses travel, an apartment may be easier to lock up and leave for long periods of time. The capital values are unlikely to see much change over the next year. Rental rates are likely to be stable or will increase mar-ginally over the next 2 years.

Consolidation of real estate portfolios by both Indian and multinational information technology companies has lifted the sagging real estate markets in Bangalore city. The hardware and software companies have been the biggest contributors for the growth in real estate sector. Even the shortage of Hotels available in the city has contributed for the com-panies to have their own flats.

The Project proposed to be located in immediate vicinity of well known software companies does not pose any difficulties in marketing the flats. There are already many enquires coming in for the purchase of flats.

IX. COMPETITION:

Any Business will not grow up with a competition faced by it. The Bangalore real estate scenario is in such a way that there are numerous Developers and builders engaged in construction of residential complex. But each one of the entity has its own niche of market catering the demands of different class of people. To name a few like Mantri Devel-opers, Shoba Developers, Purvankara Projects, Sriram Property developers, RMZ Group etc., Most of these companies are carrying the projects in the outskirts of the city. N.D. Developers current project is located in vicinity to Bannerghatta Road within the major hub of the city. Finding a vacant space nearby the project is rare scenario. There is huge demand for Projects within the city limits. The competition for the project almost doest not exist at all.

X. CONCLUSION:

With Bangalore being regarded and IT Hub, and many Infrastructure developments happening in and around city, the real estate demand is not expected to downslide. There is very much high demand for the flats in around the location of project. With the background of promoters, the growth of the company and the demand for the flats, the Company is feasible in all technical, commercial and financial aspects.

Promoter-2

Name Mrs. AYESHA SULTHANA

Designation Executive Director

Age 42

Official Correspondence No.187, 2nd cross, Icobo nagar, 2nd stage, BTM layout, Bangalore - 560076

Qualification Bachelors in Commerce

N.D. Developers Pvt LtdNo.398,1st floor, 7th cross, MICO Layout, BTM 2nd Stage, Bangalore – 560076

Residential Address

Rs.1100 LacsNet Worth

Rs. 15,00,000/- (Asst Year 2011-12)Gross Annual Income

The Executive Director of ND Develop-ers Pvt. LtdMrs. Ayesha is one of the most recog-nized and experienced professional in the marketing sector. She cofounded ND Developers Pvt. Ltd with Mr. Durani in 2002. Well-known for her innovative techniques in marketing and creative strategies, she manages the complete promotional and marketing activities of ND Developers.

Experience

Contact us :#398, 1st & 2nd Floor, 7th Cross Mico Layout, BTM Layout 2nd stage

Bangalore - 560 076 Karnataka, India.Phone - 080-4120 0012 Fax - 080-4120 0089

Help Line - 98459 22000, 99803 54000, 98456 91000

Email - sales@nddevelopers.com