NOIDA REALTY SECTOR SURGE DUE TO INFUSION BOOST BY THE INDIAN GOVERNMENT'S NEW REGULATIONS - REAL ESTATE SERIES - 1

Noida Real Estate Sector Optimistic and All Set to Grow by Flagging Approvals on Metro Expansion Link Projects & Construction Industry's Relaxed FDI Norms by the New Indian Government

NOIDA or NEW OKHLA INDUSTRIAL DEVELOPMENT AUTHORITY was constituted in 1976 under the U.P Industrial Area Development Act. It comes under the GAUTAM BUDDH NAGAR DISTRICT and UTTAR PRADESH STATE. Today it’s a major industrial entity in the NCR (National Capital Region) and considered as one of the most integrated Modern & Developing city in India. In fact it’s one of the largest Planned Industrial Township in the whole of Asia. It’s regarded as an Vital & Landmark Destination for Multinationals, Institutions, Export & Software Entities. It’s also considered as the production and outsourcing hub and its close proximity to the Capital (10 kms) and 14 Kms from Cannaught Place adds to its relevance as a strategic focal point of connectivity. Noida is well connected to Delhi, Faridabad, Ghaziabad, Gurgaon, Baghpat, Meerut, Mathura and Agra through its Ultra Modern Network of Roads, National Highways, DND & Greater Noida Expressway, Flyovers and the Metro Train.  The city is spread across 20,316 Hectares and is situated on the banks of Yamuna River.

The places of Interest & Attraction in Noida include the MAHAMAYA (AMBEDKAR) PARK & FLYOVER, OKHLA  BIRD SANCTUARY, NOIDA & GREATER NOIDA EXPRESSWAY, FORMULA 1 TRACK, NSEZ, ISKON & KALIBARI TEMPLE, WORLDS OF WONDER, SHOPPING MALLS LIKE TGIP, CENTER STAGE, SAB, SHOPPRIX, SPICE, SOFTWARE TECHNOLOGY PARK, GOLF COURSE, NOIDA STADIUM AND FILM CITY ETC.

The leading MNC's and Institutions who have set base here are HCL, WIPRO,  ERICSSON, ADOBE, KEANE, NOKIA, TCS, TECH MAHINDRA, XANSA, STERIA, DELL, ALSTOM, BAYER, HONDA, YAMAHA, MOSER BAER,ASIAN PAINTS, DENSO, PHILIPS, VIDEOCON,  SAMTEL, INDIA TODAY, T-SERIES,  INDIA T.V,  ZEE T.V, SAHARA, NDTV, NETWORK18,  CANON, CSC,  FUJITSU, IBM,  BIRLASOFT, AMITY, JAYPEE, TATA, BHEL, NTPC and GAIL ETC.

Since the transportation system in Noida is well developed and connected, visiting these places is not difficult. Noida offers a highly supportive Industrial & Pollution free environment with elevated standard of living with its unique infrastructure providing numerous, matchless facilities. Today it stands as an enviable monument concept of Integrated Industrial Township in the world with smooth and wide roads, well developed land, safe and clean drinking water, regular power supply, consistent telephony, splendid residential complexes in the serene and peaceful environment with greenery all around. Its Arterial Roads, Highways, Expressways, Bridges, Flyovers, Underpasses, Multi Level parking and Elevated Corridors enhance the connectivity to a Modern Day Marvel. Noida is the industrial fairy land of the nation and perfectly symbolizes perfect gelling harmony between industrial enterprises, natural entities and human community habitat.

Today there is a Ardent need for a perfect place to live and work in harmony, be it a House, Office or Industry and Noida caters to all with amazing matching solutions in real estate while Buying, Selling, Renting land, Building and Housing. The leading Builder Groups in the region with Attractive Real Estate Investment & Green Housing Projects  are JAYPEE, GAUR, WAVE, DLF, UNITECH , SUPERTECH, AMRAPALI, ATS, ELDECO, ASSOCTECH, EMMAR, PRATEEK, LOTUS, SIKKA, AJMERA, PREMIA, SAVIOUR, BRYS, GALAXY, MORPHEUS, AJNARA, CYRUS, ADITYA, PRATEEK, GARDENIA AND GALAXY ETC.

With the government propagating “Housing for All by 2022” and matching it with suitable related relaxed norms & regulations in the FDI CONSTRUCTION SECTOR like reductions in the minimum built up area from 50,000 sq. meters to 20,000 sq. meters for 100% FDI in the construction of projects under automatic route and reduction of minimum investment capital for a project to qualify as 100 % FDI to the tune of 50 % from 10 Million $ to 5 Million $. The other notable relaxations include waiving off all requirement norms for 100% FDI, if affordable homes constructed by the builder or developer cover 30% of the projected area. These regulations will not only boost the realty sector but will double the inflow of FDI, resulting in mushrooming of Hotels, Real Estate commercials, Housing and Townships. The attractions here being size of the huge population, increased urbanization and increased earnings. Noida being closest to Delhi and at the threshold of development and expansion will be most benefitted with these developments.

The Fast Tracking Initiatives by Central and State Governments of the Two Proposed Metro Link Projects on Delhi, Noida & Greater Noida Routes have evoked tremendous response and encouragement among the local investors & buyers. A loop extension of 16.5 km is being proposed & planned merging the Delhi Line (Blue) to Noida & Greater Noida hot spots including extension from Noida City Centre to Gaur City Square-Greater Noida West (15 km) and further to Bokadi Village & Pari Chowk (Greater Noida) and Sectors covering 147, 143, 85, 101, 50 and the Kalindi Bird Sanctuary near banks of Yamuna. With the Government already Approving and Signing MOU’s for the Three New Metro Routes namely Kalindi Kunj to Botanical Garden, Noida City Centre to Sector 62, and Noida City Centre to Greater Noida, the Adrenaline Rush towards Infrastructure Boom & Realty Investment Race has already begun.

INDEX OF AVERAGE LIVING REALTY PRICES

IN & AROUND NOIDA

LOCALITY IN & AROUND NOIDA	CAPITAL VALUE          (Rs /Sq. feet)
SECTOR-1	2950-3750
SECTOR-21	7000-8200
SECTOR-25	7050-8550
SECTOR-28	9200-11000
SECTOR-29	7450-8800
SECTOR-32	7650-8750
SECTOR-34	7150-8400
SECTOR-37	6750-8650
SECTOR-44	9700-13450
SECTOR-45	5800-6700
SECTOR-46	5050-5400
SECTOR-49	3450-4350
SECTOR-50	7050-8700
SECTOR-51	6800-8250
SECTOR-52	6950-7900
SECTOR-61	7050-8250
SECTOR-62	5800-7250
SECTOR-70	5100-6000
SECTOR-71	5850-7250
SECTOR-72	2900-3500
SECTOR-73	2400-3250
SECTOR-82	5000-5500
SECTOR-92	5500-6000
SECTOR-93A	7000-7500
SECTOR-93B	7300-7700
SECTOR-100	5700-6200
NOIDA EXTENSION	2900-4000
NOIDA-GR NOIDA EXPRESSWAY	4400-5500
JAPEE GREENS	6000-7000
PARI CHOWK	3500-4000
ALPHA-1 GR NOIDA	4000-4500
ALPHA-2 GR NOIDA	3900-4200
BETA-2 GR NOIDA	3300-3700
GAMA-2 GR NOIDA	4000-4400
KASNA	2300-2700
DADRI	3000-3500
YAMUNA EXPRESSWAY	2500-3000
TAJ EXPRESSWAY	3000-3500

Among the Hottest Real Estate Investment & Housing Destinations in India today is Delhi – NCR’s Noida Extension or Greater Noida West (10 km from Noida City Center)  and the New Township is expected to positively Grow and Give around 100-120 % appreciation in another 3-4 yrs, also the Yamuna Expressway projects are good viable investing options. The Best Options for Investments in Noida Extension (G.Noida West) are Projects by Gaur (Gaur City 1& 2), Mahagun, Galaxy, Radicon-Vedantam, Saviour, Super Tech, BRYS, Amrapali etc.

We at Visions Ahead have Welcomed the Proposed Initiatives by the Government and have Reposed Faith in the New Developments in Noida by Investing in a Commercial Space this Diwali at Noida Extension (GR. Noida -West).

May you all feel be Free & Timely Wise at your Own Investment Decisions.

Please Feel Free to Contact us for any Further Queries, We will be there to Humbly Oblige.

Manjul Thapliyal

Principal Consultant

Visions Ahead

www.visionsahead.com

The Blogger is a Realty Consultant (Visions Ahead) at Noida Projects.

CORPORATE SOCIAL RESPONSIBILITY: AN INDIAN PERSPECTIVE - CSR

CSR HISTORY  

Corporate Social Responsibility (CSR) is a formation of corporate self guideline module merged into a business model. It is also alternately termed as Social performance, Corporate Citizenship, Corporate Conscience and Sustainable Responsible Business. H R Bowen first referred CSR in his academic topic "Social Responsibilities of the Business" in the year 1958.   It then gained significance in the 1960’s and became prevalent since then covering the moral and legal responsibilities of the Corporate for the society as a whole. The term "Corporate Social Responsibility" became highly popular and has been retained as a term used randomly by the masses to relate morally and legally to its responsibility towards social obligations. Corporate Social Responsibility can also be defined as receptiveness of businesses towards stakeholder’s ethical, social, legal and environmental expectations. It’s a dedicated response to the civil society and consumer expectations. Here the policy works as an inherent self regulating mechanism where organizations regularly monitor and implement its continued compliances within the regulations of law & social ethical standards by abiding all international norms.

The standards for measuring CSR or recognized international parameters of evaluating CSR are ISO 26000, whereas public sector organizations also adhere to the John Ellington’s 1994 coined Triple Bottom Line Concept (TBL, TPL, 3PL) of integrating People, Planet and Profit referred as the Three Pillars namely. Various social aspects affecting business practices like environmental degradation & pollution, labor exploitation, human right abuses, gender discrimination, complex cross cultural work environments and consumer awareness negligence have forced organizations to seriously rethink towards environmental & social causes. Strategically also organizations have recognized the business value of being able to align products with relationships and be more responsible towards society as a whole. The World Bank which promotes industrial growth worldwide defines CSR as a commitment of businesses contributing sustainable economic development by working fairly with their employees and families, local communities and society at large. CSR has helped in impacting and improving Community living, which has further reflected positively in organization’s businesses and enlargement goals.

CSR MODELS AND ITS INDIAN CONTEXT

Indian Pre and Post Independence contribution to CSR has grown steadfast at a healthy pace from Philanthropy to active participation in shouldering social & community responsibility and development.  Mahatma Gandhi- ‘The Ethical Model’ (1930-1950) is one of the prime model where during 1930’s Gandhiji laid emphasis on Family Businesses and promoted joint family ventures for contributing society by providing employability, security and cultural upliftment. Through this model many companies voluntarily contributed in Nation Development. Leading M.K Gandhi’s model Pt. Jawaharlal Nehru, Statist Model (1950-1970) was implemented where States were the prime owners for promoting extensive developments on social structure regulation and administrations. This model gave States freedom for developing industry and providing employability and resourcefulness to states for far-reaching corporate regulation. Milton Friedman’s Liberal Model (1970-1990) illustrates the purpose of CSR is primarily focus on the relation between the owners and the stakeholders. It also highlighted that all profitable organizations must pay tax the generated revenue must be used on social reform and development. R. Edward Freeman’s Stakeholder Model (1990- present) highlights the collaborative ownership of each responsible citizen of the country towards raising the social structure, the role should not only be reserved to stakeholders but also to employees, customers, corporate, public and private partnership. 

INDIAN PERSPECTIVE OF CSR

In the globalized 21^st century unprecedented opportunities and challenges have risen with the craving for comprehensive development and the necessity of accessing crucial climate changes. In the last two decades, India has emerged as a global leader at various commercial forums with its economy undergoing tremendous growth. It has been acknowledged as one of the fastest growing economies and billed as the next superpower in the coming years. CSR in India is a welcome & healthy challenge and it is implementing it cautiously and judiciously in respect to international perspectives.

Business & Commercial industry here is viewed globally as a liable component of the poised growth that the country is looking to achieve and has made several inroads into. Now it’s also imperative to take leadership roles towards those challenges. It is also joining hands in integrating environmental, social and ethical responsibilities with able governance of businesses to achieve sustainability, competitiveness and long term success and goals. We have faith in the global viewpoint, that all businesses are a essential part of society and have a vital and prominent role in sustaining and promoting a healthy ecosystem, along with fostering social equity and upholding good governance by following ethical practices. Indian organizations and entrepreneurs have value based ancient traditions of well being of the stakeholders and nation building as a whole. These values and prior traditions are prevalent even today in the neo modern India and thus encompassing modern day challenges of the enterprises, stakeholders and citizens to actively participate in the socio economic growth and development measures.

Taking a keen interest in the challenges of Social corporate responsibility the Indian Ministry of Corporate Affairs have formulated and proposed voluntary guidelines for Indian organizations in 2009.

Voluntary Corporate Social Guidelines-2009

Adopting responsible governance practice by the organizations is the government’s primary focus and to assist them they have framed some guidelines as per expectations & challenges of the society and the country. These have been drafted in consultations with the industry experts, stakeholders, chambers of trade and commerce along with internationally practiced and prevalent guidelines.

Fundamental Principle

A CSR policy should be formulated by each individual business entity detailing roadmaps for implementing its CSR initiatives. These initiatives should align with the business goals of the concerned organization, thus being a vital part of their overall business policy. Framing of the policy should be done by the active participation of the executives at different levels and duly approved by the board.

Author: Manjul Thapliyal

             Principal Consultant

             Visions Ahead

             Web: www.visionsahead.com

                  

MANAGEMENT AND ITS DIVERSIFIED STYLES - EDUCATION

MANAGEMENT & HISTORY

The term Management signifies coordination of self & people’s efforts, efficiency’s and effectiveness to accomplish Individual & Organizational goals. In the Corporate world it involves the right mix of organizing, planning, leading, directing and controlling the day to day activities to accomplish desired objectives of growth & profitability.  It’s also generally assumed as a factor of production including materials, machines and money that is often supplemented with innovation and tools of marketing. This resourcing encompasses the deployment and manipulation of natural, technological, financial resources along with human resources. The foremost function of management is to satisfy its numerous stakeholders, in rather simpler terms it refers to making profits by producing valued products and services for consumers and thus providing work opportunities for the people. Management or to manage was derived from Managgiare, which in Italian means to handle and Manus in Latin which stands for Hand and the French word  Maneger meaning to direct a household. The French word Mesnagement influenced and was later transformed to English word Management in the 17^th and 18 centuries. Before the industrial revolution, the little management functions were focused around the owners, But the management split between the daily operational managers and owners with the growth and complexity of the industry in terms of output and size. By the end of 19^th century the first few identifiable groups containing remunerated managers began to emerge and their related scientific theories also gained prominence around the 1920’s. The renowned Havard Business School in 1921was the first to award initial degree in Master of Business Administration (MBA), with writers like Henri Fayol (1841-1925) laying emphasis on the other correlated segments of managements and their interrelationship matrixes. In 1946, writer Peter Drucker (1909-2005) was first to present a book on Applied Management named ‘Concept of the Corporation’. By the end of the twentieth century six segments of Business Management gained prominence namely as Marketing, Finance, Operations,  Human Resource, Information Technology and Strategic Management. Presently in the twenty-first century it has become extremely multifarious to subdivide them into different functioning categories but the precise mix of each function is being absorbed for accomplishment of Total Quality Management (TQM).

CORPORATE MANAGEMENT 

The arduous task of proficiently running a corporation or organization by overseeing different departments and the complete business is known as corporate management. It integrates the diversified functions of different departments into a cohesive unit as a whole to achieve the defined goals of the company. Decisions involving procedures & policies of the organization and their implementation through the right channels are formulated by the Management and they are also liable for them and making the staff visualize the company’s mission and vision through set procedures and hierarchy. The channels of corporate management are formed by The Managers, General Managers, Chief Operating Officer and Chief Executive Officer (COO/CEO) and the Board of Directors but the ultimate Onus lies with the Owners of the Corporation.

 MAJOR FUNDAMENTALS OF CORPORATE MANAGEMENT

Some of the major fundamentals of corporate management are listed below:

•      Managing Mid &Large Scale Organizations
•      Management structures and Objectives
•      Management Styles
•      Change Management
•      Evaluating Organizational Performance

 MANAGEMENT STYLES

Management styles differ as per different characteristic ways of decision making. It is the overall practice of leadership followed by the manager to execute his ideas. Business, clients, staff and subordinates are all affected and influenced by the forms of different management styles. Organization structure, demand and challenges also influence some companies to adopt a particular management style.

DIFFERENT MANAGEMENT STYLES

a. Authoritative: Long term directions and vision are the primary objective of this style of management. Here directions are firm but fair and guides employees clearly. The guiding factors are motivation, persuasion and feedback on performance. Here vision is laid down by the management and then work is delegated in accordance to guidelines provided.

b. Directive:  It is a model of military style leadership and can be termed as a coercive style which demands automatic compliance. This management style influenced by threats and discipline was earlier the most often used and also the least effective one. It became unpopular as its commanding nature failed to raise the morale of the employees and undercut job satisfaction.

c. Democratic: This participative style of management tends to build consensus and commitment to achieve the organization goals. Here management strives to tap the collective wisdom and strength of the group. Here team members feel privileged as their opinion is often considered by a voting procedure in the decision making events. This approach in crisis can be disastrous when critical events demand instant decisions.

d. Pacesetting: The criteria of governance here are high standards of performance or standard benchmarking. In this style the leader often sets the pace for the pack to follow and lead if possible but expects the employees to follow self direction while implementing tasks. It is vital to remain focused while retaining pace, but should refrain from intrusion in others path. At times this race to victory sets obsessive behavior in some and undercuts the morale in other employees, thus polluting the climate of the organization.

e. Affiliative: This style of management promotes harmony and well being among employees by focusing on team work, communication and better coordination. Here people come first and tasks are secondary and there is avoidance of any direct conflict among employees. It is to be used tactfully, as it tends to hamper corrective actions on down sliding performance.

f. Visionary: This style encourages new direction, from the conventional approaches of management. It’s an articulated and farsighted approach to achieve innovative dreams which promotes experimentation and calculated risks. Most management gurus are visionary who take a bold path towards achieving glory to the organization.

g. Coaching: One to one mentoring is the approach in this style of management as the emphasis is on everyone to succeed. It promotes long term overall development of the employees while focusing on organizational goals simultaneously. Training and skill development are key learning areas (soft skills, image management, behavioral development programs) and encourages employees to strengthen their skills and improve performance.

Manjul Thapliyal

Principal Consultant

Visions Ahead

www.visionsahead.com