Shapoorji Pallonji Real Estate to launch six projects in FY18

The Shapoorji Pallonji Group entered the affordable housing segment last year by joining hands with Standard Chartered Private Equity, IFC and the Asian Development Bank.

Diversified Shapoorji Pallonji group’s real estate arm is lining up at least six projects across the country in 2017-18, with two in the affordable housing segment, a senior company official said.

“We plan to launch at least six projects this financial year. Out of these, we would be developing two projects under our ‘Joyville’ brand to build affordable homes,” Shapoorji Pallonji Real Estate chief executive Venkatesh Gopalakrishnan told PTI in Mumbai.

Of the six, 2-3 projects are being planned to come up in the megapolis, two in Pune and one in the National Capital Region (NCR), he said, adding that the company already has 40 million sq ft land bank across the country.

“We will be officially launching our affordable housing project in Virar by September-October. The second project under the Joyville brand at Hinjewadi in Pune will be launched by March 2018,” Gopalakrishnan said.

The SP Group entered the affordable housing segment last year by joining hands with Standard Chartered Private Equity, International Finance Corp. (IFC), an arm of the World Bank, and the Asian Development Bank (ADB).

Under the agreement, the partnership will invest about $250 million, which will be used primarily for buying land and setting up initial infrastructure. The company launched its first project under the brand Joyville at Howrah near Kolkata.

Asked whether the company is looking to raise funds for these projects, he said, “We already have the land, so the funds would be raised on project to project basis. This would be mainly through debt.”

About the impact of the new Real Estate Regulatory Act (RERA) and the goods and services tax (GST), he said there will be certain teething issues in the beginning, but then developers will have to adapt to the change.

“As per the RERA, we have registered five ongoing projects, with four in Maharashtra and one in Bengaluru where the rules are out. We have projects in West Bengal and the north, but the rules there are not yet out,” Gopalakrishnan added.

Source:-.livemint.

Real Madrid gear up for crucial Sevilla clash

Image result for Real Madrid gear up for crucial Sevilla clashReal Madrid appeared relaxed as they readied themselves for Sunday’s crucial match against Sevilla.

Zinedine Zidane’s side trained in the Spanish sunshine knowing that they hold the destiny of the La Liga title in their own hands ahead of their final three matches of the season.

Cristiano Ronaldo looked in good spirits as he was put through his paces while Toni Kroos was seen horsing around with winger Lucas Vazquez.

Isco, who scored in the Champions League semi-final second leg at Atletico Madrid, seemed focused as he practised his shooting at the session.

But Madrid will have to make do without Gareth Bale for the match, as Zidane revealed the winger will once again be unavailable for selection due to a calf injury sustained last month against Bayern Munich.

The Frenchman told reporters: ‘We have to see day to day with Gareth Bale. He is continuing in the gym, working, trying to get rid of his discomfort.

‘It’s getting better, but you have to go day by day. But he’s not even training with us. I cannot tell you when he will return, but hopefully it is soon.’

Also missing will be defender Pepe, who is struggling with a rib problem.

Pepe has been linked with a move away from Madrid when his contract expires in the summer and Zidane sought to pay tribute to the long-serving centre-back.

Pepe’s career has been spectacular,’ said the Madrid coach.

‘It’s been 10 years where he’s done fantastic things, but with this I’m not telling you what is going to happen next year because I do not know.

‘He will not be in the squad tomorrow because of his rib. He trained with us, but it’s not quite right.’

Madrid sit second in La Liga to Barcelona but are level on points with their rivals and crucially hold a game in hand.

Barcelona have league matches against Las Palmas and Eibar remaining while Real Madrid travel to Celta Vigo and Malaga after the Sevilla clash.

Zidane’s men qualified for the Champions League final against Juventus on Wednesday after they beat Atletico Madrid 4-2 on aggregate in the semi-final.

[“source-ndtv”]

Leading Cause of Death of Startups: Real Estate

Ross Mayfield, CEO of SocialText, and a long-time blogger himself, is finally getting an office.

For two years his company has operated virtually, with employees working from their homes across the United States. He calls it “net-enabled bootstrapping” because the company has used technology tools to operate at a low cost and grow from within.

He says real estate is the leading cause of death of startups, and notes:

“I am convinced that being virtual is the best way to start a company. The benefits go beyond cost (although the culture of frugality can go a very long way). In our case, it improves the product. But generally it is more productive. When the bandwidth for collaboration is constrained at times, you gain a certain focus.”

Be sure to read the entire post, including the comments. He also notes the downsides of virtual businesses.

Two other blogs have picked up on the post and added their own insights — check them out too: Steve Shu, and WordPress founder Matt Mullenweg who notes that the WordPress team operates virtually, also. (WordPress is a popular Open Source blogging software.)

I find blogs such as Ross’s and Steve’s and Matt’s — which discuss their own experiences and observations — to be excellent sources of insight to “see” trends.

In this case, they give a great sense of how technology startups operate today.

Forget three guys in a garage — that was your father’s startup. Today it’s 3 people spread out across the country or even across continents, each in their home offices or back porches with laptops, mobile phones, and WiFi.

For more, read my essay “Trend: Small Businesses Go Virtual.”

[“source-smallbiztrends”]

Is the Flyboard Air Real or Just A High Flying Stunt?

A new product has been sweeping the web since early April – and most aren’t even sure if it’s 100% legit.

Zapata Racing, a French company, announced on April 8 that it has “achieved the dream of all men” in creating an alien-like hover board, which they have dubbed the ZR Flyboard Air. The hover board claims to be the result of four years of hard work and planning.

The Flyboard Air

A video surfaced online earlier this month of the UFO-shaped device, titled “Flyboard Air Test 1:”

The video begins with a man suited up, speaking confidently to the camera, before he dramatically lowers his visor and takes off on the small platform. At the end of the video, it’s claimed that the board reached 55 km/h and flew for nearly four minutes.

Since this initial video, the Internet has been abuzz with excitement.

flyboard air hover board

Unlike the hover board that got the Internet talking back in October (the Hendo), which used magnets to ‘float’ above specially coated floors, this model allows complete freedom of movement. It even boasts on the product page that the Flyboard Air will have a top speed of nearly 93 mph and elevate riders up to 10,000 ft.

If this is true, that means this personal hover board will move faster than even the fastest unmanned drones, which top out around 80 mph for comparable-sized machines. A lack of detail on the design, control, and a questionably edited promo video, have started to raise some red flags, however.

flyboard air hover board

The company’s site currently doesn’t have a purchase or preorder option for the hover board, and the sudden appearance and big talk has some people appropriately skeptical. For the time being, the claim is that they are “pending government approval” before going forward with mass distribution. There’s also an offer to explore their other ‘jetpack’ options made for flying over water.

These suspect viral videos are peppered with plenty of theories regarding the validity of this hover board, making it clear that whether they think it’s true or a hoax – the Flyboard Air has people talking.

For many people, the idea of flying around like the Green Goblin is tempting enough to hold onto hope.

With the public hungry for the promises of the future we’ve come to expect from Hollywood, hover boards are something guaranteed to catch the eye of a large online audience. However, this also makes them ripe for the exploitation of clever marketing campaigns. Much like Tony Hawks role in promoting the Hendo last year, this could just be a clever and complex promotional stunt.

Real or not, the Flyboard Air certainly has peoples attention.

Images: Video Stills

[“source-smallbiztrends”]