REAL ESTATE INDUSTRY IN INDIA

India is emerging as an important business location, particularly in the services sector. Its favourable demographics and strong economic growth make the country an attractive place for property investors, given that demand for property is determined chiefly by business development and demographic trends.

Historically, the real estate sector in India was unorganised and characterized by various factors that impeded organised dealing, such as the absence of a centralized title registry providing title guarantee, lack of uniformity in local laws and their application, non-availability of bank financing, high interest rates and transfer taxes, and the lack of transparency in transaction values.

In recent years however, the real estate sector in India has exhibited a trend towards greater organisation and transparency, accompanied by various regulatory reforms. These reforms include:

• Government of India support to the repeal of the Urban Land Ceiling Act, with nine state governments having already repealed the Act

• Modifications in the Rent Control Act to provide greater protection to homeowners wishing to rent out their properties

• Rationalization of property taxes in a number of states

• The proposed computerization of land records

The trend towards greater organisation and transparency has contributed to the development of reliable indicators of value and the organised investment in the real estate sector by domestic and international financial institutions, and has also resulted in the greater availability of financing for real estate developers. Regulatory changes permitting foreign investment are expected to further increase investment in the Indian real estate sector. The nature of demand is also changing, with heightened consumer expectations that are influenced by higher disposable incomes, increased globalization and the introduction of new real estate products and services.

Industry size and Growth of Construction Industry

The size of the Construction industry is around Rs. 2.1 trillion in 2008. The Construction sector in India is the second largest economic activity after agriculture and provides employment to about 33 million people. India's Construction industry has grown at a Compounded Annual Growth Rate (CAGR) of about 11.1% over the last eight years on the back of massive infrastructure investment and rapid rise in housing demand. Foreign Direct Investment (FDI) inflow into the sector during 2007-08 is estimated to be around Rs. 240 billion. Spending on infrastructure sectors such as ports, power plants and roads is projected at more than Rs. 2.5 trillion annually for the next six years, and will require 92

million man years of labour2.

Construction investment accounts for around 52.4% of the Gross Fixed Capital Formation in India. Investments in Construction have a positive domino effect on supplier industries, thereby contributing immensely to economic development. The Construction sector has strong linkages with various industries such as cement, steel, chemicals, paints, tiles, fixtures and fittings. While in the short term it serves as a demand booster, in the long term it contributes towards boosting the infrastructure capacity.

Figure 1: Industry size and growth of Construction GDP at constant prices (Rs. billion)

Industry Segmentation

Construction sector can be broadly classified into 2 sub-segments:

1) Real estate (Residential, Commercial/Corporate, Industrial and Special Economic Zones)

2) Infrastructure (Transportation, Urban development, Utilities)

Figure 2: Indian Construction Industry Landscape

The Real Estate segment contributes around 24% to the Construction GDP of India while Infrastructure segment contributes around 76%.

Figure 3: Share of Real Estate and Construction by GDP contribution

RECENT DEVELOPMENTS

Emaar planning to set up a 100% subsidiary in India…

Emaar, the Dubai based Real Estate Company, is planning to set up a 100% subsidiary in India. Emmar already has joint venture with Delhi based realty company MGF. The new venture will be executed through Hamptons International, one of the UK’s premier international residential agents which Emaar acquired in 2006 for US$500mn. There is no obligation for the company to go with the current joint venture. The subsidiary will operate independently as Hamptons does in UAE with its own distinct identity and operations.

Emaar-MGF possesses a land bank of over 10,000 acres in India. The company has also launched a multitude of residential real estate projects in the north India and one commercial project in Chandigarh. The company is also engaged in another joint venture with the Andhra Pradesh government. However, the venture does not have any involvement of MGF. As per the rules stated by the government, an overseas company needs to get a no-objection certificate from its Indian partner before foraying into the same business in India through a wholly owned subsidiary

Dubai developers make beeline for India…

The booming Indian real estate market is now attracting a growing number of developers based in the United Arab Emirates (UAE). After Emmar and Nakheel the two other property developers from UAE are already planning the launch of mega projects in the subcontinent. KM Properties, the real estate arm of Dubai-based KM Holding, is scouting for partners for commercial projects in India. Another company looking at India is Rakeen, the real estate development arm of the Ras Al Khaimah (RAK) government.

JP Morgan to invest Rs4bn in Indian Realty…

JP Morgan Property Fund, which has already invested over US$300mn to carve out a significant niche in Indian real estate, is soon to come up with a residential project in Chennai, with the investment of Rs4bn. Arihant Foundations and Housing Ltd. (AFHL), Chennai’s leading developer, will develop the residential property over an area of 45 acres of land. The company is taking up the project in a joint venture with JP Morgan. JP Morgan has formed a 50:50 joint venture with AFHL.

JP Morgan targets key economic centers in India to develop real estate projects along with domestic partners. The list includes Mumbai, Bangalore, Chennai, Kolkata, Hyderabad, and New Delhi among other major and upcoming cities. JP Morgan Asset Management, the investment arm of JP Morgan Chase, had announced the mobilization of US$360mn from institutional and high net worth

investors (HNIs) from the US, Asia, Europe, and the Middle East to make investments in booming property market in India.

DLF to develop new city centre in Gurgaon…

Indian property giant DLF Ltd plans to come up with a modern city centre near the 18- hole Golf Course Road in the north Indian city of Gurgaon. The company will take up the construction in collaboration with global construction major Hines. The complex will be designed by the famous architecture Robert A M Stern. The centre will be developed over a large area of 20 acres with the total 2.5 mn sq ft of constructed area.

The entire complex will be dedicated to the commercial space. It will have high end retail shops, restaurants, and a 5-star hotel. Skyscrapers in the complex will include large green areas. Only 10% of the space will be covered by the construction and the rest of the area will left green. The proposed city centre is believed to serve as a major land mark in the area and is scheduled to be operational in 2010. The centre will be well connected to Delhi through metro and a widened national highway, which would be a matter of major convenience for all. Since the land is already acquired by DLF, development work is likely to start soon.

DLF’s upcoming investments…

DLF has plans to invest around Rs10bn for the establishment of Special Economic Zones (SEZ) for information technology. DLF’s first IT SEZ will come up at Nagpur, and will be operational by 2010. The SEZ will cover over an area of 140 acres. The IT Park is a part of the 3,250 acres multi modal international hub airport SEZ project at Nagpur. To be located adjacent to the international cargo hub airport in Nagpur, the SEZ would have an international and national information technology firms.

Recently, DLF secured the proposed integrated Township project in West Bengal. It is public-private partnership project that has the potential to attract investment up to Rs40bn. Apart from this project, the company is also working on a 500 acre township, a textile SEZ, two IT parks and hotels in Kolkata.

Urban Land Ceiling & Regulation Act repealed

Maharashtra Government’s move to repeal the ULCRA (one of the last vestiges of the socialist& permit raj era) is a significant move to promote more land development. The passage of this act was mandatory, as the Centre has set a March 2008 deadline to do so or to avail funds under JNNURM (Jawaharlal Nehru National Urban Renewal Mission). The move demonstrates that the state

government is willing to make the difference in terms of proactive reforms and measures to remove bottlenecks and cobwebs in promoting more real estate & infrastructural development in the city. This will ensure that permissions, which are stuck for ULC permissions etc, will come in faster, with lesser amount spent on it. Following the repeal of the Urban Land Ceiling and Regulation Act, popularly called the ULCRA by the Maharashtra Assembly Act, around 15,000 acres of land for development is likely to be free. There were large tracts of lands for which companies had to get ULC clearance from the government & had to give away a certain part of the developed land to the government

& most of land bank owner and were reluctant to do that. That’s why we never saw large land banks being developed. because developers were reluctant to part with their lands to the government. Now, with this development, a lot of real estate would come in. A lot of middle- income, lower income and weaker sections will benefit from this. It’s just a step towards

increasing supply of land in the city, which continues to be a priced possession.

REGULATORY ISSUES

India has plethora of laws governing the real estate sector, as both the central and state governments has jurisdiction over the real estate sector. Most of the laws governing various aspects of real estate sector are almost a century old. Despite the existence of numerous laws, the situation appears to be far from satisfactory and major amendments to existing laws are required to make them relevant to modern day requirements. The Central laws governing real estate includes the following:

A. ULCRA (Urban Land Ceiling and Regulation Act, 1976)

The Act gives power to state governments to acquire any excess vacant land above the limits set by the Act, to regulate the transfer of ownership of the vacant land and distribute it according to the common good. Under the Act, individual states are authorised to grant exemptions depending on the category of land. However, the Act has been criticized on a number of aspects. It has vested too much discretionary power in the state governments to grant exemptions which has led to corruption, resulting in lengthy court cases and that it does not provide for a mechanism to force the entry of vacant urban land onto the market, thereby resulting in an unduly low supply of land for housing and development, and boosting land prices, particularly in the larger cities.

B. Transfer of Property (TP) Act

Transfer of Property Act, 1882, is an act by which a living person conveys property in present or in future to one or more other living persons or to himself and one or more other living persons and to transfer property is to perform acts like sale, mortgage, gift, lease and exchange etc. The TP Act establishes the general principles relating to the transfer of property, including among other things, identifying the categories of property that are capable of being transferred, the persons competent to transfer property, the validity of restrictions and conditions imposed on the transfer, and the creation of contingent and vested interest in the property.

C. Registration Act

The Registration Act, 1908 (Registration Act) has been enacted to provide public notice of the execution of documents affecting transfer of interest in immoveable property. The purpose of the Registration Act is to conserve evidence, assurances, title, and publish documents and prevent fraud. It details the formalities for registering an instrument. The Act identifies documents for which registration is compulsory and includes, among other things, any non-testamentary instrument which purports or operates to create, declare, assign, limit or extinguish (whether in present or in future) any right, title or interest (whether vested or contingent) in immovable property of the value of Rs100 or more, and a lease of immovable property for any term exceeding one year or reserving a yearly rent. A document will not affect the property comprised in it, nor be treated as evidence of any transaction affecting such property (except as evidence of a contract in a suit for

specific performance or as evidence of part performance under the T.P. Act or as collateral), unless it has been registered.

D. Land Acquisition Act,

This Act authorises governments to acquire land for public purposes such as planned development, provisions for town or rural planning, provision for residential purpose to the poor or landless and for carrying out any education, housing or health scheme of the Government. In its present form, the Act hinders speedy acquisition of land at reasonable prices, resulting in cost overruns.

In addition to these laws, there are certain laws under state legislation like urban development laws and agriculture development laws which also govern the real estate sector. While each state has its own set of laws, which govern planned development, rules for construction and floor-area-ratio (FAR) or floor-space-index (FSI) and formation of societies and condominiums, two laws that exist in every state, are the stamp duty and rent laws.

E. Rent Control Act

The objective of the Rent Control Act was to protect the exploitation of tenants by landlords after the Second World War. Initially the act was enacted as temporary measure however it became almost a permanent feature. Rent legislation provides payment of fair rent to landlords and protection of tenants against eviction. Besides, it effectively allows the tenant to alienate rented property. Tenants occupying properties since 1947 continue to pay rents fixed then, regardless of inflation and the realty boom.

The Rent Control Act, in fact, is the single most important reason for the proliferation of slums in India by creating a serious shortage of affordable housing for the low income families. Low and middle-income families typically live in rented accommodation and the need for such accommodation in Indian cities will only increase as the economy modernises, labour mobility increases and urbanisation takes place. It is, therefore, necessary to increase the stock of rental housing. Promotion of rental housing can have a significant impact on the economy in many ways:

• It reduces shortage of housing for a large section of the population who cannot afford ownership.

Housing construction being a labour intensive activity, investment in housing generates employment for both skilled and unskilled labour.

• Housing has backward and forward linkages with many other industries.

• Rental housing helps in stabilising real estate prices and checking speculation and, thus, makes housing affordable for the weaker sections.

It helps check proliferation of slums.

CHALLENGES AND KEY RISK FACTORS AND OPPORTUNITY

With the rapid growth in real estate, some challenges may emerge in the way of taking India to the higher growth trajectory.

Manpower Shortages - Although the construction industry employs 33 million people, second only to the agricultural sector, the incremental workforce requirement is around four million people per year over the next seven years to sustain the current growth rate. The construction industry is set to face a challenge in terms of sourcing manpower. Adding to this problem is the shortage of contractors.

Procedural and Legal Vulnerability - Development projects entail clearances and permissions from various government departments. Delays are tedious and vary from state to state depending on local laws. Hence this adds to overall complexities of transaction, increasing the need for local expertise in each market.

Low project risk, but high payment receivable risk - The project risk for a contractor is low, due to low financial commitments. Most construction projects are executed on a cash contract basis and are funded and managed by the owner/sponsor. The number of construction projects with equity participation by contractors is limited to a few projects.. Payment security concerns are high, and they depend on the credit profile of the client. Usually outstanding payments and retention money payable to the contractor are delayed, as these payments are made after the entire construction activity and project period is completed. This may affect the smaller players in the industry.

Infrastructure Bottlenecks - Infrastructure is a cause of concern in majority of cities across the country as recent infrastructure developments have been slow and has not kept in pace with the development. Inadequate power, absence of drinking water, electricity failure, traffic congestion and pollution are common features across the major cities in India. On the basis of current plans, electricity generating capacity will rise by 6% annually over the period 2007 to 2012, double the rate of the past five years and the second largest absolute increase in capacity in the world. However, this is still well below the likely growth rate of GDP. Power shortage could be an impediment to construction activities in the future.

High level of fragmentation - The industry is highly fragmented, as the entry barriers are low due to less fixed capital requirements. It is estimated that in 2004, over 3 million construction entities (including housing contractors) existed, of which only around 28,000 were registered. However, there is more fragmentation in the housing segment than the industrial/ infrastructure segment, as the unorganised sector accounts for 75% of the same. Furthermore, the industrial/infrastructure sector requires far more technical expertise and it is difficult for smaller players in the unorganised sector to compete effectively.

Delays in land acquisition: Delays in land acquisition is a major source of project delays and escalating project costs. This is applicable to large infrastructure projects such as SEZs, power plants, and others.

Delays in Master Plan / Development Plan Review and Implementation - Experience of implementing the Master Plans has not been encouraging because of weak data base, financial constraints, lack of resource mobilization, over ambitious plan proposals, lack of

integration between spatial planning proposals with economic development plans and inadequate legislative support and enforcement.

Frequent and expensive reconstruction - The maintenance requirement of the high density corridor of NHs under construction and post implementation support is provided by NHAI. However, the non-NHDP NH sections, which are maintained by State PWDs, are poorly managed, primarily because the funds made available to them for maintenance are well short of the requirement as per norms.

Opportunities

The opportunities in the Indian real estate sector, has been highlighted as follows:

• There is a shortage of 12 million housing units in urban areas

• There is scope for 400 township projects over the next five years spread across 30 to 35 cities, each having a population of 0.5 million

• Total project value dedicated to low and middle income housing in the next seven years is estimated at USD 40 billion

• Instruments such as residential mortgage-backed security (MBS), commercial MBS and collateralized debt obligations (CDO) are being used to make capital work more efficiently and de-risk project incomes from promoter risk while creating a robust secondary market for commercial real estate.

MAJOR PLAYERS:

BSE reality Index presently comprises of 14 stocks. This universe represents around95% of the market capitalisation of listed real estate companies on BSE 500 stocks. The index is dominated by two heavyweights namely DLF and Unitech with their respective weightages of 49.51% and 21.44% as per their market cap. Most of the companies are recently listed on the exchanges like DLF, HDIL, Parsvnath, Akruti

Nirman, Omaxe, Purvankara Projects and Sobha Developers. Currently, this index is under watch of most of the investors given the recent out performance of real estate companies and money flowing into the sector though it has been a laggard in the more recent times.

1. Akruti Nirman2. Anant Raj Ind3. Ansal API4. DLF5. HDIL6. Indiabulls Real Estate7. Mahindra Gesco8. Omaxe9. Parsvanath10. Phoenix Mills11. Purvankara Projects12. Sobha Developers13. Unitech

DLF and Unitech are the two biggest developers in India but both have their prominent presence in Northern India mainly in Delhi and region around DMR (Delhi Metropolitan Region). Both these players have quality land banks with chunk of it present in tier I cities which give them upper hand in profitability and land valuation. Also players like Ansal housing and Ansal API have their presence in North India with their land distributed in Delhi and tier II and III cities around Delhi. HDIL is primarily a Mumbai based developer with total development in Mumbai city. HDIL has very strong presence in the slum rehabilitation schemes. Sobha Developer has its forte in Southern India with strong presence in Bangalore. It also has very large development project for some of its marquee clients like Infosys. Parsvnath Developers Limited is among the very few developers which has widespread land bank across India. Though quality of this land bank is not very high as majority of the land bank (80% of total) is in tier II and tier III cities.

Most of the major developers have jumped into newer business areas like SEZ development, hotels, multiplexes, entertainment malls. Plans regarding this business segment are still not clear with its impact on profitability for all the players. Given the strong economic activity in India, all players are having plenty opportunities and witnessing good momentum in their topline and bottomline.

BIBLIOGRAPHY

http://www.oifc.in/Sectors/Infrastructure/Real-Estate

http://www.menafn.com/updates/research_center/Global/Special_Ed/gih0108.pdf

http://www.ey.com/IN/en/Industries/Real-Estate

http://www.nsdcindia.org/pdf/Bldg-Const-Real-Estate.pdf

http://www.sethassociates.com/Real_estate_sector_in_india.php

http://ideasfirst.in/Admin/Downloads/Reports/1726092640_Real%20Estate.pdf

http://www.cci.in/pdf/surveys_reports/real-estate-sector-india.pdf

COMPANY PROFILE

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Company profile-

Introduction of Company- Considering the acute shortage in housing sector in India, janta group started development of residential colonies under the name of janta estates & housing dev. Ltd. This was in corporated on 20.11.1995. this company developed about 100 acres of housing colonies in Ldh. ,”industrial hub” of India. Promoters of this company visualized S.A.S. nager, Mohali. Having considerable potential for development of residential and industrial sec. the modern city adjoining Chandigarh is equipped with ultramodern services like roads, storm water drains and trouble free sewerage disposal system. In order to achieve housing sec. and industrial development of Punjab, the govt. of Punjab formed its industrial policy in 2003 to invite the private sec. for the speedy development in the state of Punjab by sanctioning various incentives to the developers/ promoters. considering potentiality of mohali area and taking into account the policy of the govt. of Punjab, janta group another company namely M/S Janta Land Promoter ltd. Which was incorporated on 28..7.2003. this company is deeply involved in the development of residential & industrial sectors with latest and advanced technology infrastructure and services at mohali and onther cities of Punjab. JLPL is the first private entity to get INDUSTRIAL PARK MEGA PROJECT AT MOHALI. The industrial park comprises of industial and commercial components. working under the green concept, the industrial components of mega project is restricted to pollution free industries. In the residential components our Endeavour is to provides ecological, environmental and affordably priced plots and STATE OF THE ART LUXURIOUS FLATS with all inbuilt facilities and absolutely independent services.This company had developed sec, 90-91 (residential) and sec-82(industrial) at mohali measuring 393.50 acres with modern facilities. “A” class infrastructure in these sec. like underground strom water and sewerage lines, underground electricity cable, underground conduit pipes for laying telephone and tv cables etc. has been provider. In these sec. shopping malls, multiplex complex and school have been carved out. The company has also raised modern multi-storey residential complex under in the name of “regency heights” the investment by the company in these sectors is about INR 5000 million.

Management-

The company is headed by Sardar kulwant singh, chairman-cum-managing director of the company , who is well known personality, in political, social and real estate developers/ promoters circle. He is president of Punjab colonizer and builders association and president of the Punjab chapter of confederation of real estate developers association of india which is the national body. under his stewardship the group companies are progressing well. The following are at present on the board of directors of the company:-

1.S.Kulwinder Singh (M.D.)2. Mrs Manjit Kaur.3.S. paramjit Singh.4. Smt. Davinder Kaur.

All the directors of the company have a Very good experience in this line and they have all are very resourceful.

Future plan-

1. After successful completion of mega project of 393.50 acre the company is presently developing “mixed use integrated industrial park” under super mega industrial policy of the govt. of Punjab. the total area to be developed under this scheme is 269 acres which falls under sec- 82, 83, & 66-A, mohali. The company has already received layout from the Punjab government dated 19.12.2011, all the legal formalities are completed and going to be launch immediately . expected sale revenue from the project is rs. 2200 crore approx. against the total cost of rs.1020 crore.till we had invested rs.225 crore in this project.

2. The company is going to develop another residential project in sec. 94-95, mohali uder mega industrial policy of Punjab govt. in an area of 125 acres . for this project company had purchased 56 acre land futher for 60.23 acre’s land company has enterd into development agreement with emmaar mgf and reaming part 8.77 acre is under acquisition. Till date we had received latter of intent and applied for change of land use. Expected sale revenue from the project is rs. 950 crore approx.. against the total cost of rs. 350 crore.

3. The company has purchased about 30 acres land scenic beauty of himchal Pradesh and is going to develop amusement theme park-cum- recreational facility. Global tending for planning/ development of this project has been invited through print media.

In addition to this company also inten to diversified in the field of education, medical science, film project and other field according to market trends.

Detail of Associate concerns:-

A janta estates &housing development limited:-

Introduction

M/s Janta estates & housing development limited company having been registered with registrar of companies, Jallandhar vide certificate of incorporation no.16-17293 dt 20.11.1995 and certificate of commencement of business dt.05.12.1995 having its registered office at h,no.538, phase 10,S.A.S nagar, MOhali and Admanistrative officeof development of PUDA approved colonies in the state of Punjab.

Management

M/S Janta estates & Housing Development limited is a limited company. The overall affairesof the company are being by the board of directores as per powers delegated to them. The following are at presenton the board of directors of the company:-

1. S. kulwant singh(Managing directors)2. Mrs Manjit kaur3. S.Paramjit singh4. Smt.Davinder kaur

Income Tax and wealth tax position

Company is an assessee under the income tax act, 1961 since incorporation. Copy of returns of last three years are enclosed here with.

Work done by company

The company has already received 12 licence from Punjab urban development authority for developing the colonies at Ludhiana and kharar for approximate 125 acres land. Detail are as under:-

sno. license date licenseno Area Place1 09/051996 96/02 4.81 kharar2 20/09/1996 96/12 17.64 ludhiana janta enclave

3 31/12/1997 97/30 6.36 ludhiana janta enclave extn.I

4 17/9/1998 98/40 4.33ludhiana janta enclaave extn.II

511/11/1998

98/45 3.06ludhiana janta enclave extn.III

6 4/6/1999 99/53 21.67 ludhiana canal view enclave7 24/11/2000 2000/70 2.22 ludhiana janta enclave Iv8 21/11/2001 2001/82 10.938 ludhiana flower enclave

9 10/2/2003 2003/117 13.1625ludhiana flower enclave extn.1

10 20/9/2004 2004/139 9.82ludhiana canal view enclave extn.I

11 30/05/2005STP/LDH./03/2005

1.91 Ludhiana janta enclave V

12 12/8/2005STP/LDH./07/2005

5.5ludhiana canal view enclave extn.II

Against these license, the company has already received completion certificate from Punjab urban development authority for Its three colonies, one at Ludhiana and it has further applied for completion of three more colonies.

Janta builders (p) ltd:-

Introduction-

M/S janta land builders (p) ltd. Company having being registered with list register of companies, jallandhar vide certificate of incorporate no. 16-23254 dt. 11.01.2000 and certificate of enlistment no. 1102 dt 20.07.2000 having itsregistered for the purpose of execution of govt. building construction, development of colonies and others contract jobs.

Management-

M/S Janta builders(p) ltd is a private ltd. Company. The overall affairs of the company are being managed by the board of directors as per powers delegated to them. The following are at present on the board of directors of the company.

1. S. Kulwant singh.2. Smt. Manjeet kaur 3. Smt. Shipra4. Smt. Davinder kaur 5. Smt. Jaswant kaur

Work done by the company

The company is registered as “A” class govt. contractor in Punjab. The company has completed the works of approx. rs. 12.00 crorresalledby Punjab state warehousing corporation, Chandigarh for construction of ICD/CFS & construction of godowns/ roads, boundary walls for dapper and chinar thal witn in Stipulated period.

History of the Company........-

Janta land Promoters Limited is a company deeply involved in the development of Residential and Industrial Sectors with latest and advanced technology infrastructure and services at Mohali and other cities of Punjab. Our endeavor is to provide ecological, environmental, and affordably priced Plots and state of the art luxurious flats with all in-built facilities and absolutely independent services. We have developed Sector-90-91 spreading over acres with all facilities like Tree lined roads, lush green parks with ornamental trees/ shrubs for all walks of life including modern playing equipments of children, schools

and dispensary, underground storm water and sewage lines, underground electrical cables, pipes for laying telephone and TV cables, our own overhead water reservoir and sewage treatment plant etc. Residential Plots, commercial sites, shopping malls, Multiplex Complexes have been carved in this Sector. This developed Sector is a marvel in living in Mohali.

About Janta land promoter ltd. About us:- At Janta Land Promoters Limited, our approach sets us apart from our competitors. We ask the most important question first: how will our residential and commercial solutions improve the lives of people who live and work there?We invest in creative architecture that makes quality affordable. We commit ourselves to environmental sustainability, as we have done throughout our history.We apply these principles to every development we undertake. These range from urban sector based development projects that turns into large master planned residential communities and to innovative commercial developments for discerning businesses.More importantly, we create better futures, not only for the people who live and work in the environments we create, but also for the wider community.Our goal is to create products that improve the way our customers live and work at. Whether at home, at work, with the future in mind, we are creating livable communities while remaining committed to environmental Sustainability. Janta Land Promoters Limited is dedicated to working toward reducing the Environmental footprint of humanity and maximising its positive impact on Society.The proof of this passion is held in the company is core beliefs; we provide leadership within the industry and use innovation to create quality in everything we do, whilst still adopting a work ethos which focuses on integrity and the good practice of environmental sensitivity.Our values come from our people, both management and staff. People make a company what it is. They give a company its soul and its reason for being. We search for the best people in the business who are not only extremely competent, but also share our commitment to creating better futures.

It's the people who make a company what it is. People who give a company its soul, its reason for being. A company's values come from people... both management and staff.Since its beginning, JLPL has built its foundations on strong beliefs, deeply held values that go to the heart of how we work as people. This is your introduction to a company of people who together will create better futures.

Janta Land Promoters Limited is one of the most trusted company in the field of real estate with an ever growing radius in North India. The organizational strength comes from a dedicated workforce, JLPL has continued to grow in size and diversity and has expanded to all areas of the real estate spectrum and beyond. Our team consists of some of the best planners, architects, structural designers, supervising engineers, legal and financial experts and marketing &management professionals. We recognize that buildings are dynamic. We appreciate the commercial needs of our clients. We understand the necessity to demonstrate value for money. Above all we realize that it is quality that really counts.

the new industrial sector developed by the Janta Land Promoters Ltd. falls under the region of Sector 82,(Industrial Zone) as per the S.A.S. Nagar Master Plan. The left boundary the Industrial sector is parallel to railway line, abutting Sector 81. The north of the Industrial pocket lies on the 200 feet wide sector road. The entrance sector is through the two vertically running spines, which divide the whole area into three parts.The road network of this industrial sector is in a Grid-Iron pattern. 100'wide roads have been provided on the either sides of this industrial

pocket.60'wide roads divide the area into a number of pockets. All the internal roads within these pockets are 40'wide

location of company.

Industrial Sector-82 Mohali

The new industrial sector developed by the Janta Land Promoters Ltd. falls under the region of Sector 82, (Industrial Zone) as per the S.A.S. Nagar Master Plan. The left boundary of the Industrial sector is parallel to railway line, abutting Sector 81. The north of the Industrial pocket lies on the 200 feet wide sector road. The entrance to the sector is through the two vertically running spines,which divide the whole area into three parts.The road network of

this industrial sector is in a Grid-Iron pattern. 100′ wide roads have been provided on the either sides of this industrial pocket.60′ wide roads divide the area into a number of pockets. All the internal roads within these pockets are 40′ wide.

Some Achievements of company Mohali is being developed as an international industrial hub. Mohali has unique distinction of having an international level cricket stadium, electronic industries , information technology park (quark & dell), center for development of advance computing (c-Dac) , army institute of pharmaceutical education & research (NIPER), india school of business, fortis hospital, film stidio etc. international airport is under development. The company started its mega project during the financial year 2005-2006. The fast development & promised delivery to its valued and esteemed customers & strong dealers network was land mark to the public which put the company on the forefront & the company very fast commaned premium in the real estates market .the rates of various categories of plots at the time of launch of project and present market value are as under.-

S.NoCategory of plots

Rates at launch of the project Present market rate

1 Residential 11,000-12000 per sq. yds. 40,000-45000 per sq. yds.

2 Industrial 4,000 per sq. yds. 15000-16000 per sq yds

3 Commercial 50,000 per sq. yds.more then 100000 per sq. yds.

The company has established its name in Mohali and its properties are sold at premium over the is properties of other developers. The highlights of the reputation of the company it ,that the recent global recession , particularly in real estates in India, did not affect the performance of the company rather the property of the company sold at premium when the

other companies facing financial crunch in this area. The company is therefore is sure that in future to its performances will be better as compare to others in the real estates segments.