Tag Archives: KUL

KUL introduces futuristic designed homes

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Kumar Urban Development, KUL, Lalit Kumar JainTrack2Realty: Kumar Urban Developments (KUL) has introduced futuristic designed homes and washrooms that are built with hi-tech solutions satisfying the needs of discerning home buyers at their award winning project “Sophronia” at Kalyani Nagar, Pune.

The highlight of the project is that it offers amenities that are best in technological innovations but at the same time optimises space. The unique experience starts from the entry at every floor where one experiences a Zen spa environment.

This extends into the stunning washrooms designed to provide an altogether different experience. Taking a cue of modern day problems faced by customers, the washrooms have been so designed as to provide convenience and flexibility to the residents.

“Sophronia in Greek means Wise and which is why we at KUL have thought of making use of technology wisely and giving an altogether new experience of living at this aspirational project. The demand for residential properties with world class amenities has been growing over the last few years and at Sophronia we are catering to  these needs.” said, Kruti  Jain, Director of leading Mumbai-Pune based developer Kumar Urban development Limited (KUL).

Indian aesthetic – Artist and Designer, Krsna Mehta further adds, “Sophronia is city’s first anthropologically designed building that involves the study of human behaviour as a science. KUL conducted a research to gauge home buyers’ tastes and preferences and we accordingly customised homes at KUL Sophronia based on their feedback.KUL studies show that families living in the city have to deal with hyper stress issues due to high pressure on their time in day-to-day living. Therefore, we have attempted to address some of the issues by designing each space in a way to make living organized and stress free with specially designed washrooms incorporating paper holder with tray, magazine holder, storage box including a plastic cup fitting in the tray, automatic heated seat cover with two nozzles, built-in air pump, heated seater, warm air dryer and deodorizer, high-end sanitary ware and marble finish tiles.”

Normally client would not prefer to add furniture into a wet area and it would take up space thus reducing carpet area. KUL has designed a fully loaded facility solving this for our clients by designing multifunctioning walls and machines.

The complete flat design is curetted taking inspiration from scenes of everyday India. This is one of KUL’s most ambitious initiatives to provide unique lifestyle solutions to luxury living in India.

KUL project promises walk-to-work

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Kumar Urban Development, KUL, Lalit Kumar JainTrack2Realty: Kumar Urban Development Limited (KUL) has launched the lifestyle residential project ‘KUL Radiance.’ Located Bandra (East), Mumbai, KUL Radiance, a 15 storey tower, offers 1, 2 & 3 BHK apartments with 1 bhk flats measuring 361sq.ft, while 2 bhk apartments measure 525sq.ft.

A home buyer also has the option to convert two adjoining flats into one spacious 3 bhk apartment if he so desires. The USP of the project is its proximity to important landmarks like Bandra Kurla Complex (1.2km) and domestic airport (5km).

KUL Radiance is also well connected to the Western Express Highway and Bandra Worli Sea-link. The sale price of a 1bhk flat starts from Rs.1.16 Cr. The project is expected to be completed by March 2016.

Announcing the launch of the project, Pranay Jain, Director, KUL said, “KUL Radiance adds a totally different layer to the concept of lifestyle living. KUL Radiance offers spacious, comfortable apartments overlooking a beautiful landscape. Considering that it is located in close proximity to the BKC, we are confident that the project will receive tremendous response from home buyers.”

KUL Radiance promises to offer the lifestyle living in 1, 2 and 3BHK flats with ample parking space for residents and visitors, round the clock security and separate entries for residents and services. It is also well connected to educational institutions and healthcare centres.

KUL hosts 3-day ‘Loan Carnival’ for buyers

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Kumar Urban Development, KUL, Lalit Kumar JainTrack2Realty: To simplify the process of home buying for its customers, Kumar Urban Development Ltd (KUL) is organising a ‘Home Loan Mela’ at its project sites – KUL Ecoloch and KUL Nation – on  September 27th , 28th and 29th.

KUL has tied up with financial institutions like, ICICI Bank, Punjab National Bank, HDFC, Axis Bank, to provide on-the-spot loans to its customers. Loans ranging from Rs. 15 lakh to Rs. 1 crore will be on offer at the Mela. Banks will also provide special schemes like subsidised registration fees, waiving an EMI installment for on time payment, special interest rates, etc.

Announcing this Kruti Jain, Director, KUL said, “Obtaining a home loan is seen as a long and cumbersome process. Most clients get stressed out with the idea of dealing with banks. We would like to make obtaining home loans a fun and happy experience for our customers. We have therefore tied up with leading housing finance companies so that customers can check out various deals and opt for the one that suits them best. With various fun-filled activities lined up, we are confident that the Home Loan Carnival will be a resounding success.”

The company had recently introduced the concept of Anthropological Engineering in Indian realty market. Anthropological Engineering involves the study of human behaviour as a science.

KUL conducted a research to gauge home buyers’ tastes and preferences and customised homes based on customer feedback. Anthropologically engineered homes offer special features such as earth energy advantage, sun path application, character building amenities like gardens, yoga auditorium, gymnasium, etc.

KUL has organised various bank and experts to come and educate clients, which will be followed by meal. An informative seminar on how to manage personal finances, EMIs, etc., by different faculty’s every day. Apart from this, KUL will also offer gifts to customers participating in the Loan Mela.

Women more than just developer’s wife

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By: Kruti Jain, Director, Kumar Urban Development

Kruti Jain, Director, KUL, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty Exclusive: Historically, the involvement of women in matters relating to real estate has been there as it was always a small scale family run business. So, handling administrative and employee management was a common role of developer wife’s.

But on the service side the opportunities were minimal. This was for multiple reasons not only education but also lack of infrastructure and security for women to work independently. Also, in a male dominated society as ours, women are confined to the role of housewives. This is especially true for women in the rural areas of the country. Their consent or advice is barely taken in financial matters.

However, things are changing at a fast pace. The 21st century has seen the emergence of women as power wielders in great force. Now, women are leaders everywhere you look–from the CEO who runs a Fortune 500 company to the housewife who raises her children and heads her household.

With more women playing a greater role in the boardroom, equality in women legislative rights, and an increase in the number of impressive women role models in every aspect of life, one would think that women might have just gained true equality. However, there are miles to go before this utopian dream turns into a reality.

Women have conventionally been allotted prominent roles only in traditionally women-centric fields such as nursing and other similar professions. However, things are changing rapidly now. An increasing number of women are dominating the male stronghold areas.

Women are in every possible field today and the real estate is no exception. Considered to be a very male centric industry, a rising number of women are joining the real estate sector and excelling at it. It has to be noted that it is the organised sector of the industry which is spearheading this revolution.

As a woman and third generation into the business of real estate, personally I feel privileged to have grown up in an atmosphere where being in the business was a natural progression. However, I do understand that all women are not that privileged and at times they do feel some discrimination at various level.

I try my best to encourage more women employees in my organisation and most importantly give try to prove equal opportunity employer in the true sense of the term.

Having said that, I must say women are joining this burgeoning industry in several key capacities in good numbers lately. The rate of involvement of women in real estate is growing at a healthy pace and there is no ceiling for women’s growth and income. Most of the international firms already have women in their teams who are actively working on projects. In India, there is a slow but promising change for the same.

A woman in today’s scenario stands at the same pedestal as men. She is independent, self-earning and intelligent enough to make decisions for herself. A broader market vision, positive, interpersonal and warm board dynamics, and increase in corporate goodwill are what women bring to the table when they reach the upper echelons of companies. Successful and happy women communicate a feeling of empowerment for other aspiring women and are a source of inspiration to all.

In this business, it is very important to maintain good interpersonal relationships. The ability to get work done and a compassionate approach towards people is what makes a woman a better leader.

KUL launches Ecoloch Delight

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Kumar Urban Development, KUL, Lalit Kumar JainTrack2Realty: Mumbai-Pune developer Kumar Urban Development Limited (KUL) has launched second phase of its integrated eco-friendly township, KUL Ecoloch, in Mahalunge, behind Balewadi Stadium, Pune.

Phase II of KUL Ecoloch is spread over 100 acres, with mountains on one side and river on the other. The new phase consists of a total saleable area of around 9, 90, 000 sq. ft. with 1/2 BHK of 550 sq ft./1020 sq ft. The design, elevations and the overall amenities in KUL Ecoloch phase II have been upgraded to global standards.

The project is located on the northern bank of Hinjewadi Mula Mutha river in Mahalunge, with easy connectivity to Baner.

One of the added exclusive features of the township is that it has a private connectivity for KUL Ecoloch township in Mahalunge with KUL SEZ in Hinjewadi. It is also well connected to areas like Baner, Aundh, Pune University and Chandni Chowk.

The project claims to encourage ‘walk-to-work’ concept as it is strategically located near Pune’s IT corridor on the main artery connecting Pune with Mumbai. Navi Mumbai is just 2 hours drive from the site. The infrastructure of the location is well developed and is close to entertainment and hospitality areas.

Kruti Jain, Director, KUL said, “We are very excited to launch Delight homes of KUL Ecoloch Township. Our Phase I witnessed an overwhelming response and we are upgrading the amenities and services in the Phase II. We are confident that Phase II of the project will be a resounding success and will supersede the home buyers expectations.”

The project is designed in such a way that it minimizes the negative impact on the environment and offers its residents a healthy and green lifestyle. KUL Ecoloch is the 1st township to get green certification by IGBC for township.

KUL Ecoloch township has been awarded as a best future township. One of the major highlights of the township was the survey undertaken by KUL. It was the first such initiative by any developer across the country which involved home buyers in designing their dream homes.

KUL Ecoloch imbibes the ancient age-old wisdom passed on in homes through centuries on planning principles along with modern conveniences. Based on this belief, KUL provides an atmosphere for healthy living and higher thinking. Also, each residential cluster within the township has its own set of facilities like small pool, community hall and gardens at the entrance of lobbies. Project also has a sports club and fitness centre that will appeal to health and fitness enthusiasts, replete with a football arena, basket ball court, Olympic size swimming pool, running track, modern gymnasium, etc.

“Similar to Clark Quay in Singapore, KUL is developing a river side marina and promenade. KUL Ecoloch Phase II will be first of its kind township to have this feature. It will also be supported by a golf club, boat club and other water sports without compromising the river,” said Kruti.

KUL Ecoloch is low maintenance township project which uses space judiciously; it focuses on maximising space and ensuring full usability.

Residents will lead a healthy and sporty lifestyle with various sports facilities being built at Ecoloch. It will be supported by a complete sports club which will have Foot Ball, Basket Ball, Badminton Courts, Tennis Courts, Olympic Size Swimming Pool, Running Track, Cycling Track, Cricket, Bowling etc. along with a Skating Rink and Gymnastic Facility.

Ecoloch will have a club and lawns by the river. The club will include indoor games like cards, billiards and foose-ball along with its steam and sauna baths.

ICICI Pru PMS exits from KUL township project in Pune

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Kumar Urban Development, KUL, Lalit Kumar JainAsset management firm ICICI Prudential’s real estate portfolio management service (PMS) today said it has divested investment in KUL Ecoloch, a township project in Pune. ICICI Prudential PMS real estate portfolio, a part of ICICI Prudential AMC, had invested Rs 47.5 crore in the 105-acre integrated township in Pune developed by realty firm Kumar Urban Development (KUL), a company statement said.

The investment generated a gross internal rate of return (IRR) of about 27 per cent, it said. “We believe in the tremendous potential of the realty space that is synchronous with India’s growth and are always looking at providing opportunity to our investors to participate in this asset class,” ICICI Prudential AMC Head – Real Estate Rahul Rai said.

He said the investment in KUL Ecoloch and successful exit was a reinforcement of the return potential of this segment and the strength of our investment process that has helped accomplish this feat. ICICI Prudential PMS real estate portfolio has been managing capital commitments of more than Rs 750 crore since its inception and has made 14 investments across Mumbai, Bangalore, Pune, Chennai and NCR, the release said.

Earlier in April, 2010, the portfolio had made its first exit by divesting its investment in DS Kulkarni Developers’ Bangalore project, generating deal level IRR of about 22 per cent.

KUL gets Rs 50 crore by private investors

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Kumar Urban Development, KUL, Lalit Kumar JainKumar Urban Development Ltd (KUL) has raised Rs.50 crore from two private investors, taking its total fund-raising this year to about Rs.300 crore.

The Pune-headquartered developer, promoted by Lalitkumar Jain, raised Rs.30 crore from Reliance Portfolio Management Services, a part of Reliance Capital Asset Management Ltd, and Rs.20 crore from Kotak Mahindra Bank Ltd’s non-banking financial company (NBFC).

KUL had planned a Rs.400 crore initial public offering in 2009-10, but deferred it because of a volatile equity market. “We will be raising another $300-400 million (Rs.1,350-1,800 crore) of funds through a combination of equity and debt for our projects,” said Jain, who is also the National President of the Confederation of Real Estate Developers’ Association of India.

The company has 15 ongoing projects across four cities in India with a total saleable area of 3.42 million sq. ft. It plans to launch two more projects in Mumbai and Pune after Diwali.

Earlier this year, KUL raised $55 million from FMO, the entrepreneurial development bank of the Netherlands, for the Pune and Mumbai projects. “Of this, about $35 million has been disbursed so far,” said Jain.

KUL launches 1st township designed by buyers

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Kumar Urban Development, KUL, Lalit Kumar Jain, KUL Ecoloch, Pune Real Estate news, Delhi NCR real estate, Bangalore Real Estate, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, ndtv.com, ndtv, aajtak, zee news, india news, property news, real estate news, 99acres.com, 99 acres, indianrealtynews.com, indianrealestateforum.com, Mumbai Real Estate, India PropertyIn a first ever realty project based on designs from prospective home buyers in India, Mumbai-Pune developer Kumar Urban development Limited (KUL) today announced the launch of an integrated eco-friendly township in Pune’s IT hub at Hinjewadi.

Called KUL Ecoloch, the project is the result of a detailed survey – Design Your Home – conducted by KUL inviting the prospective home buyers to share their expectations of a premium home and a world class township and thus participate in the design process. “This was the first such initiative by any developer across the country to involve the home buyer in designing his dream home,” said Kruti Kumar Jain, Director, Kumar Urban development Limited.

“Our architects and designers have taken into account each and every aspect that came up during the survey in which over 800 home buyers participated and sent in their own designs of their dream homes,” Jain said.

The buildings are being designed by internationally renowned architect, Hafeez Contractor. Kumar Ecoloch has already been adjudged the best residential project designed at the prestigious Cityscape Real Estate India Awards under Mixed Use Development (Future). It is being built on a 110-acre plot at Mahalunge, near Hinjewadi.

The survey truly reflected the buyers’ aspirations and one of the main concerns that came up was the location and hassles of commuting to work. KUL, therefore, picked up the Hinjewadi plot in the highly employment catchment area where the resident s can easily walk-to-work.

The project is coming in Pune’s IT corridor, on the main artery road connecting Pune with Mumbai, between Hinjewadi phase I & the prestigious Balewadi stadium, and in close proximity to leading IT hubs of like Cognizant, Infosys and Wipro.

The survey also showed that people in general welcome green technologies and large spaces and amenities that townships provide, but the outgo on property maintenance appeared to be a thorny issue. KUL, therefore, planned clusters of five-to-six buildings with all the amenities on a smaller scale, thus reducing the burden of maintenance.

Cycle tracks, parks, swimming pools, celebration areas are all part of this township. But the interiors of flats are all custom-made. Families with different sizes, age groups have indicated varied needs. The Double-Income couples without children, for instance, prefer large bathrooms, with separate dressing areas. Families with grandparents living together have indicated that they would like to have larger usage spaces, as compared to bedrooms, for all family members to sit together. Similarly, Kitchens are large for people living with their in-laws or parents (as they often cook for themselves).

A major feedback received during this survey was – that they will not like to wait for a home and want to move in as fast as possible. KUL came up with the answer to complete the deliveries within a year, rather than keeping customers wait for four to five years. For this, KUL designed low rise towers finish work speedily.