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Sri City bags prestigious ‘Asian CFO Leadership’ Award

The ‘Asian Leadership Awards’ in its 19th Asia Edition Conclave held on virtual mode on Friday presented the prestigious Asian Leadership Awards. R. Nagarajan, Chief Financial Officer (CFO), Sri City was bestowed the Asian CFO Leadership Award ‘CFO of the year’. He was conferred this honour in recognition of his exceptional calibre and contribution to the world of finance in ‘Infrastructure’ sector. 

 

Congratulating Nagarajan for bagging this prestigious award, Ravindra Sannareddy, Founder Managing Director, Sri City said,”We are very proud of Nagarajan for winning the award, and appreciate ‘Asian CFO Leadership’ for organising such a platform to identify and honour the glittering stars of the finance community in the country.”

In an initiative to bring together the senior finance leadership representing the most influential companies, Asian Leadership Awards (ALA) organises the conclave every year. Through a stringent process of evaluation the Asian Leadership Awards recognises the achievements of the Asia’s leading business visionaries across all industry sectors and honours their great contributions towards the region’s economic development. The award carries a trophy and a citation. 

Mr. Nagarajan had bagged ‘CFO India’ award consecutively in 2019, 2020 and 2021. He  was adjudged as ‘One of India’s 50 Best CFO’s’ by Whitepage International in association with UK Asian Business Council in 2018.

Elante Group’s New Project Launch Sets Benchmark in Luxury Segment for Gurugram

Elante Group, Gurugram’s luxury real estate developer, has launched another project, C-104 in South City 2, with extending evaluation of more than 1.5 million USD, as demand for homes in the low rise apartments’ category remains relatively better in a tepid residential market. The date of possession for the units in C-104 starts on March 2022.

As the foundation stone has been laid and work in progress, the Elante’s project C-104 will constitute a total of 4 units with an independent servant room for each unit. The luxurious low rise building will also include a world class common café lounge along with 8 passengers lift and a designer terrace area. The location enables for easy in reach distance to schools, hospitals and shopping hubs in Gurugram.  

As the pandemic scenario unfolded and introduced work from home ethics, luxury housing in gated communities has got sudden spike in demand, Elante Group has been focusing on building homes which enables buyers to customise their dream home according to their requirements.

Mr. Akash Kohli, Founder and CEO, Elante Group said, “With C-104, South City 2, Gurugram, we continue to strive in creating value for the buyer. In this context, we’ve started planning to ramp up launches and deliver a more diverse range of luxury offerings with a higher value proposition in line with the demand, resulting in a healthy sales rebound.”

“Our goal is to provide luxurious housing options to buyers in the heart of Gurugram with maximum carpet area and on time delivery of their dream homes. We shall be handing over possession of 2 of our projects (8 residencies) in next quarter of 2021-22.” He added.

Over the past few years, Elante Group has adopted the strategy to provide best in class luxury apartments ensuring on time delivery of units to the buyers, as buyers’ preference had visibly moved towards those realtors who keep their words and don’t delay projects.

Mark Spain Real Estate Opening Second Florida Office

Known as the industry’s leading independent residential real estate firm, due to closing more homes than any other Realtor or team in the US last year, Mark Spain Real Estate is expanding with its second Florida location.  It will open a Tampa office April 1, 2021. This will be the sixth major Southeastern metropolitan market for Mark Spain Real Estate. It already has 10 offices in Atlanta, Orlando, Nashville, Charlotte and Raleigh.

Greater Tampa is one of the fastest growing metro areas in the country. As the second largest city in Florida, the region features four Fortune 500 companies, two major military bases, a range of tourist attractions and close proximity to multiple beaches along the Gulf Coast.

“We are eager to serve Floridians in selling their homes quicker and for more money while offering our clients options. Our Guaranteed Offer program makes it easier than ever for Florida homeowners to sell their homes.” stated Chairman and CEO Mark Spain. “One of our core values is to lead with a servant’s heart, and with Tampa consistently one of the top 20 fastest-growing metro areas in the country, it is an active and in-demand real estate market to allow our team to exemplify this value daily.” 

In 2020, Mark Spain Real Estate sold a record $1.4 billion in real estate, a nearly 47% increase over the previous year. On average, the Mark Spain Real Estate team sells 21 homes per business day. The firm’s Guaranteed Offer program also experienced substantial growth in 2020, and the company served over 5,600 families in reaching their real estate goals.

Mark Spain Real Estate has earned the top real estate team ranking in the United States for closed transactions by The Wall Street Journal and REAL Trends for the last three consecutive years, selling more homes than any other Realtor or team in the nation. The firm is also a five-time Inc. 5000 recipient, an annual list honoring the fastest-growing private companies in America.

Mark Spain Real Estate differs from traditional real estate brokerages as all agents work as a team to serve clients and provide an unparalleled client experience. Mark Spain Real Estate’s agents are also highly trained and specialized, serving only clients on one side of a transaction. This ensures their clients’ goals are kept the top priority unlike at traditional brokerages where an agent can represent both the buyer and seller.  The company also has a core value of remaining client focused, and the result is Mark Spain Real Estate receiving over 5,000 5-star reviews and being the No. 1 most reviewed real estate company in the United States.

 

The Mark Spain Real Estate Tampa office will be located at 401 E Jackson St Suite 3300, Tampa, Fl. Mark Spain Real Estate has six locations in Georgia—five in metro Atlanta and an office in Athens; a newly opened Orlando office; two locations in North Carolina—Charlotte and Raleigh; and a Tennessee office in Nashville. It plans to continue expanding to serve additional areas of Florida as well as additional states in the coming months.

Mark Spain Real Estate also plans to employ more than 100 people in Florida initially to serve their clients at the highest level in reaching their real estate goals. To learn more about how to join the fun and supportive work culture of Mark Spain Real Estate, go to https://markspain.com/careers/. For more information about the company and its Guaranteed Offer program, visit MarkSpain.com or call 855-299-SOLD.

 

About Mark Spain Real Estate:

Mark Spain Real Estate is the most trusted name in real estate, earning more 5-star reviews than any other firm in the United States. It has earned the No. 1 real estate team in the U.S. honor the last three consecutive years (compiled by REAL Trends and The Wall Street Journal) and is a five-time Inc. 5000 recipient, an annual list honoring the fastest-growing private companies in America. Mark Spain Real Estate’s mobile site design was named the No. 1 Mobile Website in real estate by REAL Trends in 2019 and 2020. MarkSpain.com also earned recognition as a Top 10 Overall Website in 2019 and 2020. The company was honored in 2017, 2018 and 2020 as one of The Atlanta Journal-Constitution’s Top Places to Work. It has earned the Atlanta Business Chronicle Pacesetter Award the last four years, as one of metro Atlanta’s 100 top, fastest-growing, privately held companies. Mark Spain Real Estate made its third appearance on Atlanta’s Top 25 Real Estate Companies annual list in 2020 and debuted on similar lists for Charlotte and Raleigh.

 

As a company leader with cutting edge ideas like its Guaranteed Offer program and innovative and award-winning website, Mark Spain was honored in February as a 2021 Real Estate Newsmaker. Compiled by RISMedia, a leading residential real estate industry information provider, the Newsmakers list includes nearly 300 industry professionals and Spain was named one of the Trailblazers/Agents of Change. He was also recognized as one of the PropTech 100 Most Influential People in Real Estate. The firm had a record sales year again in 2020, with more than $1.4 billion in gross sales volume, a 46.5% increase year-over-year. In line with its core value of leading with a servant’s heart, Mark Spain Real Estate’s 2020 partnerships with charitable causes in Atlanta, Nashville, Charlotte and Raleigh resulted in nearly a half million dollars raised for charity.

Chin Hin Group Property to acquire 45% stake in Aima Construction for RM31.5 million

Chin Hin Group Property Berhad (CHGP; 7187), a Bursa Main Market listed company primarily involved in assembly and sales of new and rebuilt commercial vehicles as well as property development, announced today its proposed acquisition of 45% equity in Aima Construction Sdn Bhd (“Aima”), signifying its interest to venture into the construction industry.

L-R: Aima Construction Sdn Bhd Chairman Mr Khor Ooi Min, Aima Construction Sdn Bhd Managing Director Mr Khor Ken Yeon, Chin Hin Group Property Berhad Executive Director Mr Chiau Haw Choon, Chin Hin Group Property Berhad Chairman Datuk Seri Chiau Beng Teik posing for photos at the signing ceremony held this morning.

Aima has an established track record spanning over three decades mainly doing construction work for mid-rise and landed properties, completing approximately RM1.7 billion worth of projects since its inception. It is also a Grade 7 contractor registered with Construction Industry Development Board and is principally engaged in the business of construction, contractors, subcontractors. Its total order book value currently stands at RM320 million.

According to a filing with Bursa Malaysia, CHGP entered into a conditional share sale agreement with Uniplaza Sdn Bhd for the proposed acquisition of ordinary shares in Aima representing an equity interest of 45% for a consideration of RM31.5 million which will be fully satisfied via allotment and issuance of up to 35,795,400 new ordinary shares in CHGP at an issue price of RM0.88 per Consideration Share.

Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed by the third quarter of year 2021.

CHGP Executive Director Mr Chiau Haw Choon said: “Following the Proposed Acquisition, Aima will become an associate company of CHGP, and this will allow us to have an indirect access to the on-going and future projects of Aima. In addition, it will accelerate CHGP’s expansion plan without an initial cash outlay as the Purchase Consideration will be fully satisfied via allotment and issuance of Consideration Shares. Ultimately, our goal is to transform CHGP into a major property and construction player – therefore this corporate exercise fits into our strategy perfectly.”

He added that Aima will also be able to tap into CHGP’s vast network in the property and construction industry to boost its construction orderbook.

Meanwhile, Aima Managing Director Mr Khor Ken Yeon stated: “This is a historic day for Aima, as we formally announce our desire to join forces with CHGP and take our business to new heights. Synergistic benefits are expected to arise from the Proposed Acquisition as both CHGP and Aima are operating in and servicing the same industry, ie the property development industry and construction industry. Especially in regard to CHGP’s plans to launch RM3.73 billion worth of projects in the coming years, we can expect to see significant participation from our end as construction work for properties has been our forte for several decades.”

To recap, CHGP announced on 8 February 2021 its plans to spend RM268 million to acquire 81.9 acres of land in the Klang Valley to develop five different property projects. It aims to generate RM3.73 billion in gross development value (GDV) from on-going and future developments in the next two years.

CHGP has two ongoing projects – Aera Residence and 8th & Stellar. Aera Residence is a serviced apartment project in Petaling Jaya, with an estimated GDV of RM332 million. Meanwhile, 8th & Stellar is a two-tower mixed-use development comprising serviced apartments, duplex lofts, office space and shoplots on a 2.2-acre leasehold tract in Sri Petaling. Its estimated gross development value is RM470 million. The take-up rate for both projects currently stand at 98% and 69% respectively.

 

HouseAfrica Announces Partnership With Domineum

HouseAfrica, furthering its dedication to making African real estate transactions seamless and transparent, is pleased to announce a strategic partnership with Domineum, an enterprise blockchain technology and back-end services provider.

PropVat by HouseAfrica helps individuals and financial institutions verify and validate properties seamlessly, increasing access to credit.

HouseAfrica’s PropVat.com, Africa’s largest property technology platform, connects real estate stakeholders, property developers, home buyers, financial institutions, valuers and government regulators, to verify and validate property authenticity before purchase or credit application.

“We are particularly excited about our partnership with Domineum, as it helps us toward our goal of unlocking trapped real estate value in Nigeria, estimated at $300-900 billion dollars. We believe in collaboration. PropVat, our cutting-edge solution for unlocking Nigeria’s and Africa’s huge dead asset pool, is built on blockchain and collaboration,” says Uba Nnamdi, Co-Founder and CEO HouseAfrica.

“Domineum is excited to partner with HouseAfrica to deliver its bespoke products and services to the government sector, land departments and other agencies, and the services sector, to real estate and financial businesses. Real estate investment is a real deal and blockchain can be seen as the game changer,” says Mohammed Ibrahim Jega, Co-founder, Domineum.

PropVat works in partnership with key stakeholders in the real estate sector, including the Nigerian Institute of Estate Surveyors and Valuers (NIESV), Nigerian Bar Association and Nigeria Mortgage Refinance Company (NMRC), building a data-driven ecosystem for fast and easy means of processing interactive and transparent real estate transactions.

About PropVat
Using PropVat.com for verification helps to reduce the risk of fraudulent misrepresentation of ownership and valuation information. The PropVat platform generates a PVN (Property Verification Number) for quick access to a Verification Report, E-deed (powered by blockchain), and detailed property quality analysis. Major Financial Institutions are already using PropVat for their verification needs. Visit https://propvat.com, twitter.com/propvat, linkedin.com/company/propvat/ and facebook.com/propvat.

About HouseAfrica
HouseAfrica is building the largest African property platform using technology to connect real estate stakeholders to verify and validate property authenticity before purchase or credit application, helping to make convenient, secured, fast, transparent, and affordable property transactions. In 2019, HouseAfrica won the Best African Blockchain Startup at the AfricArena Conference Fantom Blockchain Challenge. Visit https://houseafrica.io.

About Domineum
Domineum is a software development company and consultant that aims to disrupt several sectors in the emerging markets, and leap-frog the current infrastructure with distributed ledger (blockchain) technology and Blockchain-as-a-Service (BaaS) solutions for governments and businesses. Domineum provides efficient back-end solutions to verify and authenticate Land and Property Registry, Mortgage, Identity Management, Cargo Tracking and Supply Chain systems. Visit https://www.domineum.io.

The Zaha Park the new hot zone for business units

The new capital is a hot zone for business units, a lot of project malls are being built, and a lot of businesses will launch soon. So being ahead of the competition is important. Choosing the perfect location is essential, and that’s what we brought today.

Today we will introduce the Zaha Park Mall project, one of the foremost far-famed malls within the New Capital. It will be delivered in 2023, and It’s considered the primary business center in Egypt. The Zaha Park Mall was designed by the engineer “Zaha Hadid”, it has a wavy structure giving it a beautiful and futuristic look. The Zaha mall is very distinctive in the central downtown thanks to its look and perfect location.

Hometown Company selected this location for people to benefit from the opportunities to invest in such a large project. So, it is necessary to grasp the advantages, services and systems, and costs of Zaha Park Mall.

Zaha Park Mall is found in an exceptional location as an investment project. It has everything needed to attract customers because it combines work, pleasure, safety, and luxury. It’s settled within the heart of the new Capital in a vital commercial area of MU-23 in plot e15. Besides serving the customers of R2 and R3.

The Mall directly overlooks Al Amal Axis in MU23, which connects directly to Suez-Ain Sokhna Road. It is a few minutes away from the Administrative Capital International Airport. Moreover, it is located minutes away from the Fifth Settlement. From the mall, it is easy to reach the government district, the Green River, the Embassies neighborhood, and the Sports City.

The perks of Zaha Park won’t be found in any other place. You won’t only benefit from the location. But also the services provided within the units, air conditioners, the finish, safety and management systems, the landscape of a synthetic lake, a sandy beach, a dancing fountain, amusement services from a bowling center, and a children’s area.

Not to mention the areas and costs of the suitable Zaha Mall units, multiple payments, and installment systems, and also the company’s discounts.

The Zaha Park Mall is very large with 7,200 m2 of space. The mall has 9 floors in addition to the ground floor. As for ​​Zaha Park Mall unit areas, they’re divided to suit all tastes and businesses. If you would like to own your unit you’ll select between:

    – The commercial unit spaces: from twelve m2 to 238 m2 (extending from the bottom floor to the 2d floor).   – The government and administrative unit: from twenty-six m2 to eighty-one m2 (from the sixth floor to the ninth floor).   – The medical unit spaces: from twenty-six m2 up to eighty-one m2 (from the third floor to the fifth floor).

Unit prices in Zaha Park Mall are appropriate for investment in an exceedingly large project, they were principally determined to facilitate investment for varied projects. the costs vary in line with the sort of unit you want, its areas, and location, as:

    • – The price per meter for

commercial

    • units starts from 77,000 EGP on the

2d

    • floor and reaches 130,000 EGP on

the bottom

    – The price per meter of medical units in Zaha Park starts from 46,000 EGP. – The price per meter for administrative units starts from 37,000 EGP.

There are discounts up to 20% on the worth per sq meter, and therefore the costs of shops in Zaha Park begin from 1,500,000 EGP.

HomeTown Company has set up multiple systems for booking Zaha Park Mall’s units in installments according to the following methods:

The 1st system: Paying 5% down payment of the unit price, the installments over 8 years.

The 2nd system: 10% down payment, the installments over 8 years, and a 10% discount.

The 3rd system: paying 15% down payment, the installments over 9 years, and a 15% discount.

The 4th system: 20% down payment, the rest in installments over 10 years, and a 20% discount.