20,000 Sft

40,000 Sft

60,000 Sft

80,000 Sft

1,00,000 Sft

1,20,000 Sft

1,40,000 Sft

1,60,000 Sft

1,80,000 Sft Fully furnished

199 Workstations, 11 Cabins, 2 Meeting rooms.

398 Workstations, 22 Cabins, 4 Meeting rooms.

597 Workstations, 33 Cabins, 6 Meeting rooms.

796 Workstations, 44 Cabins, 8 Meeting rooms.

995 Workstations, 55 Cabins, 10 Meeting rooms.

1194 W/s, 66 Cabins, 12 Meeting rooms.

1339 W/s, 97 Cabins, 14 Meeting rooms.

1495 W/s, 107 Cabins, 18 Meeting rooms.

With Cafeteria of 640 seats Base rent per sq. Ft per month On Request Components of base rent Includes fully fitted out space(except UPS, Server, Systems) Monthly maintenance charges On Request Security deposit in months On Request Lease period in years Long Lease External signage Yes HVAC – provision for ducting & equipment. Yes Telecommunication (exchange / digital / electrical / manual & ofc details) Yes Fire fighting systems Yes Building management Yes Security systems Yes (common areas) No of lifts 04(passenger) & 01 (service) Ceiling height – floor to ceiling 9’6” Ceiling height  – floor to beam bottom 12’0” Total power allocation for the building 1000 KW Power back up D.G. Facility D.G backup (100% redundancy) Yes Cafeteria area in sft 20,717 sft 1st floor Seating capacity with tables 112 tables with 640 seats Total capacity of car parking 225 approx. Covered

Please Note: For Large office space or specific requirement in terms of Size/Location and budget preferences, please write to contact@goodwillcoordinators.com and a specific property listing will be sent to you as per your requirement. We have properties that can be furnished to your taste. Upto 1 Million sft of A Grade Office space in IT Parks, SEZ’s and Standalone Buildings.

Currently, foreign direct investment (FDI) in retail trade is prohibited except in single brand product retail trading in which up to 51 per cent FDI is permitted, subject to certain conditions.

The Department of Industrial Policy & Promotion, part of the Ministry of Commerce & Industry, has now allowed FDI up to 100 per cent in single brand product retail trading, under the government’s approval route. However, the government has put on hold provisions for 51 per cent FDI in multi-brand retail.

The relaxation in foreign investment norms for single brand retailing would be subject to following conditions:

1. Products should be sold under the same brand internationally, i.e., products should be sold under the same brand in one or more countries other than India.

2. ‘Single Brand’ product retail trading would cover only products which are branded during manufacturing.

3. The foreign investor should be the owner of the brand.

4. Proposals involving FDI beyond 51 per cent would need to ensure mandatory sourcing of at least 30 per cent of the value of products sold, to be done from Indian ‘small industries/village and cottage industries, artisans and craftsmen.’

The government has said that ‘small industries’ will be defined as industries with a total investment in plant & machinery not exceeding $1 million. This valuation refers to the value at the time of installation, without providing for depreciation. If this valuation exceeds at any point in time, the industry shall not qualify as a ‘small industry’ for this purpose.

The compliance of this condition will be ensured through self-certification by the company, to be subsequently checked by statutory auditors, from the duly certified accounts, which the company will be required to maintain.

What Does It Mean

The relaxation in foreign investment in single brand retail sector comes as a compromise for the government who has not been able to arrive at a political consensus to open multi-brand retail stores to foreign investment.

Nevertheless, the reform has far-reaching implications for corporate activity and even consolidation of businesses. One of the biggest beneficiaries of the latest policy announcement will be brands like Ikea, the Swedish furniture retail giant, as also various fashion apparel brands that depend on local partners to expand their retail footprints in India.

Another beneficiary might be the US coffee chain Starbucks that struck a local sourcing JV with Tata Coffee last year and was said to be in talks with the Tata Group for opening its retail stores in the country. Given the relaxation, it may now open its own stores while maintaining its sourcing deal with Tata Coffee that will also allow it to meet the mandatory norms.

On the flip side, some of the conditions imposed as part of opening the sector further for single brand retailing, is self-defeating. For example, quite a few product categories, could-have-been candidates for this space, fall under the luxury product segment. And those are made in their respective country of origin – Swiss watches for instance and Lladro porcelain work. It would be difficult for these brands to meet the 30 per cent sourcing condition.

Another irritant could be in the process. As per the conditions set by the government, applications seeking permission for single brand retail trade would specifically indicate the product/product categories proposed to be sold under a ‘Single Brand.’ Any addition to the product/product categories to be sold under ‘Single Brand’ would require a fresh approval of the government.

Via : Team VCC

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Mom-and-pop stores

Category killers

Department stores

Malls

Specialty Stores

Discount stores

Hypermarkets/ Supermarkets

Convenience stores

E-tailers

Vending

Wedding Malls

A box-office phenomenon in India, wedding malls stock everything from clothes, accessories, jewellery to the paraphernalia that builds the grand picture that is the Great Indian Wedding.

Khadi Plazas

Khadi Plaza were launched by the Khadi and Village Industries Commission, a Government of India enterprise which occupies a unique position in India’s rural economy by ontributing towards economic strength and by utilising untapped resource and significant manpower. Rural and tribal handicrafts are packaged to woo the the attention of urban lifestyles and attitudes.

Village Malls

Just like their urban counterparts, they provide multiple services and outlets in a single location. Spearheaded by the Gujarat government, village malls grow on the age old concept of the government fair price shop revamped to cater to the greater needs of the people.

Excerpts from ‘India Retail Report 2009 by IMAGES F&R Research’ and ‘NaukriHub’

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According to industry figures, only around five per cent of the estimated over USD 450 billion Indian retail sector is currently organised. Calling for easing of FDI norms, Rajagopalan said, “No industry in India has grown without FDI participation and for retail to emerge as a big player, more FDI should be allowed.” Besides, he said even if FDI norms are not relaxed in the Budget, the government must give a clarification on FII and foreign PE funding route as there is a lot of ambiguity.

Kohli said clarity on the issue will help Indian retailers raise funds from abroad as the global liquidity condition is showing improvement. At present, the government allows 51 per cent FDI in single brand retailing and prohibits any foreign investments in the multi-brand segment.

Via Indian Realty News