Professional Documents
Culture Documents
Western Suburb
Tie Ups with Financial Institutes
Vision
To build a better life for its customers by leveraging core strengths-Lifestyle, Luxury and Location
Mission
To strengthen our position as a market leader in terms of innovation in affordable luxury residential apartments
Objectives
To sell luxury homes with extra level of detailing
Value Proposition-Futuristic living @ Reasonable rates (Architectural Design and modern layout)
Core CompetencyWe work with best people, treat them well and the rest will follow
InnovationUse of most futuristic technology and Siporex bricks for construction our building
Use of Siporex bricks Pre fabricated material used for construction Green Building- Energy efficient Construction Tie ups with financial institutes for loans Elimination of real estate agent hence commission
1.Area
Steep rise in property rates in Khar 2 BHK Price Range: 2-2.5 crores 1/3rd of luxury houses are not sold Interest rates on loans have increased Scam Price Bubble
Along Mumbais most upscale locales-Khar(West) Boutiques, restaurants, bistros, pubs, fine dine, shopping Khar is a prime & upcoming location in Mumbai Most peaceful & evergreen throughout the year.
Fluctuation in Foreign Exchange rates can affect the purchasing power of people. Preferences of people may change due to overcrowding. During festivals people may purchase more.
the various phases of construction. Economic- Fluctuation in prices of inputs (cement, steel, iron, etc.) Purchasing power of Indians is on the rise Current housing loan rate is on the rise % which may curb people from buying property Social- Perceived image of the property developed Technological- Due to technical nature of the construction process, the technical environment keeps on changing everyday Environmental-Assessing environmental and social impacts is almost mandatory in most project categories Legal- Sticking to the legal frameworks stated by the government
Our homes give the customers a feel that they are living in a holiday location but with all the modern amenities at their disposal.
Close proximity to station Many schools and offices in the area
Increase in working age population Rent vs. owned Connectivity is essential Stress free atmosphere
MAJOR PLAYERS DLF Group Unitech Empyrean Group Raheja Lodha Oberoi Hiranandani
High
Le Mansion
DLF Raheja
Luxury
Low
Starcity MHADA
Hiranandani Lodha
Low
Cost
High
1. Mumbais premier real estate developer 2. Tie-ups with financial institutions 3. Unique branding strategy and marketing exercises 4. Location of the projects and head quartered at Mumbai adds value
Strength
5. Many tie-ups with international architects 1.Limited national presence 2.Govt intervention in construction projects causes operational inefficiencies 3.Less fund availability and shortage of skilled professionals 1.Expansion in other parts of India 2.Tax incentives for real estate investment 3.Reduction in interest rates 1.Fluctuating interest rates 2.Economic downturn
Weakness Opportunity
Threats
Financial tie ups are missing: We are filling up this gap by having tie ups with financial institutions so people can opt for home loans
Rising Real Estate Prices Rising Inflation Increase in per-capita income of the consumers Increase in disposable income of the consumers Rising Interest Rates Increase in Employment
Macro 1/3rd of luxury flats not sold Rent Index high 10% drop in real estate market Inflation Micro Electricity and water problem Security and safety
Potential Entrants:
Large MNCs are eyeing a piece of the real estate pie
Suppliers:
Cost of procuring Cement is on the rise
Buyer Power:
Housing Rates reducing in the market
Substitutes:
Builders are using a cheaper version of steel in their constructions
Marketing Objective
To sell more than 70% homes before 50% completion of the project Marketing Strategy Value for money with additional amenities and futuristic living.
Commercial
Residential
Retail
Status
Budget
Convenience
Our target segment is :-Service class earning an income of 20 Lacs and above(annual) between the age group of 25 60 years
High Involvement
Rationale
Emotional
Low Involvement
Amenities
Swimming Pool Multi-storey Parking Gym Pre-fabricated raw materials WiFi Zone Advanced security Spacious balcony
Promotion
Product
4 Ps
Place
Scenic Beauty Connectivity 5 mins from western express highway 20 mins from airport Less pollution
Price
Bank Loans
2 BHK2-2.5 crores
Price Low down paymentRs.10 lacs
Media Strategy
Create Awareness
Incentivize
Promotions
ATL-60%
Print ads in newspapersTimes property Ads in Property Magazine India
BTL-30%
Direct Marketing Send mails to existing clients
Incentives-10%
Top 5 Performers(min. 10 flats in first 2 months) get 2Day/3 Nights trip to Singapore Next 10 performers get free weekend trip to a resort along with their spouse. Commissions to DSAs
Virtual Tour Video uploaded on YouTube. Register on Just dial. Tie-up with Furnishing Houses to set up Digital Signage Boards Hoardings on Bus Stop and Highways.
POP-2Bhk,24 hrs water supply , parking area , electricity , security , elevators. POD-Use of innovative technology , super-x bricks , yoga centre , walking distance from the railway station , semi-furnished flats , tie-up with financial institutions for home loans.