BPTP Limited

Bhoomipujan of Centra One
December 3rd, 2008

BPTP Limited on 3rd December 2008 performed the 'Bhoomipujan' of one its prestigious commercial project, CENTRA ONE at Sector 61, Gurgaon.

CENTRA ONE, a high-tech business complex strategically located on the Golf Course Road Extension (a 90m wide road connected to Delhi- Sohna Road and Jaipur Highway) in Sector 61, Gurgaon is Designed by world renowned architects Cervera & Pioz from Spain.

Sprawling on an area of 3.675 acres, CENTRA ONE encompasses a dedicated expanse of offices and retail ideally poised for modern work environment equipped with world class amenities like Multi-Cuisine Specialty Food Court, Lounge Bars, Cafeteria, Swimming Pool, and Health Centers, Gymnasium, Spa.

Speaking on the occasion, Mr. Kabul Chawla, MD, BPTP Limited said, "BPTP sees growing potential in Gurgaon which has become a hub of commercial and retail ventures due to its close proximity to Delhi. Prime locations have always been a key factor in all our projects and Centra One is yet another example to this. So far BPTP has two major commercial projects in Gurgaon, out of which Park Centra is fully operational and i-Park is expected to be ready by mid 2009".

The invitees present on the occasion also visited BPTP's landmark project "Freedom Park Life", at Sector 57, Gurgaon. The residential project has reached its completion stage with overall development of the area and its possession is likely to commence in early 2009. The recently launched other two major group housing projects Park Serene at Sector 37D and Park Prime at Sector 66, Gurgaon are at the initial stage of development.

Centra One BhoomiPujan Coverage

Zee Next Times - 7 to 13 December 2008
ET Realty - 12 December 2008
Dainik Shere - 5 December 2008
Amar Bharti - 5 December 2008
Virat Vaibhav - 5 December 2008
Economic Times - 30 November 2008
HT Estates - 29 November 2008

(Left to Right): Mr. Sunil Tandon, VP and Mr. Jawahar Chawla, Director performing Bhoomipujan ceremony at Centra One.

(Left to Right) : Mr. Sunil Tandon, VP; Mr. Rohit Puri, GM; Mr. Ashwani Kapoor, GM; Mr. Amit Raj Jain, VP at Centra One Bhoomipujan.

BPTP wins SAP ACE Award 2008
September 15th, 2008

BPTP Limited has been awarded SAP ACE (Award for Customer Excellence) under the category “Best Engineering, Construction and Operations Sector Implementation - Midsize Enterprises” from SAP India at a glittering award ceremony held on Monday September 15, 2008 in Bangalore. Winners of the awards have been chosen after an extensive multi-stage selection process powered by SAP India.

While speaking on the occasion, Mr. Vilakshan Jakhu, Director (IT), BPTP Limited, said, “The SAP system has created an unparalleled transparency in our business operations which have enabled us better co-ordination between the departments. The document management system has eased and enhanced customer interactions”. He also said that The SAP Ace awards is a unique platform to recognize the small, mid size and overall enterprises, who have performed exceptionally well in the dynamic market scenario. We are overwhelmed with this prestigious award.

Due to exponential growth of the company in couple of years, the top management at BPTP has taken a decision to implement the SAP system, to integrate a stand alone legacy system in place to ensure centralized system for appropriate and accurate reports for decision making. The company also wanted to integrate Project Management, and establish its linkage to materials, financials, and Real Estate Sales processess, thus making the architecture complete and flow of action triggers to complex value-streams seamless.

However, the SAP ACE awards span across three categories: overall, midsize and small enterprises category. The evaluation process comprised four stages including scrutiny of the nomination form, short listing via interviews, onsite review and final assessment by the jury after a detailed panel discussion.

The eminent members of the jury comprised of Mr. D. D. Purkayastha - CEO, ABP Limited, Mr. Sivashankar - CIO, Infosys, Mr. Vijay Sethi - CIO, Hero Honda, Mr. Kailashnathan - CIO, Titan Industries and Dr T R Madan Mohan - Industry Analyst (Ex IIMB Prof and Ex Research Head of Frost & Sullivan)

SAP ACE Award presented by Ranjan Das, President and CEO SAP Indian Subcontinent (Left) to Vilakshan Jakhu, Director IT BPTP Limited (Right)

BPTP offers Possession for Parkland Plots
July 25th, 2008

BPTP has started offering possession for Parkland Plots.The following list shows the plots who have been offered the possession :-
List of Offer for Possession(Updated 20th November 2008)

JP Morgan stake in BPTP
July 10th, 2008

JP Morgan has bought Rs 250 crore stake in BPTP.

This was covered in various newspapers in Delhi, Mumbai, Hyderabad & Chennai. Some of the newspaper clippings are given below:

Economic Times, Hyderabad
Hindu Business Line, Delhi
Business Standard, Delhi
DNA Money, Mumbai
Financial Chronicle, Chennai

BPTP Pays 955 crores towards Noida Land Deal
June 10th, 2008

BPTP has paid 955 crores towards Noida Land Deal which consists of 95 acres of prime commercial land in Sector 94, Noida.

Some newspaper clippings are given below:

Economic Times
Hindu Business Line
Times of India

BPTP In REUTERS
June 10th, 2008

By Dominic Whiting, Asia property correspondent

HONG KONG (Reuters) - BPTP Ltd, which clinched India's biggest land deal for $1.2 billion in March, is looking for investors for a city it plans to build near New Delhi. Some Indian developers have scoffed at what they believe was an exorbitant price for the 95-acre plot in Noida, a suburb of the Indian capital. And media reports have suggested the deal was in jeopardy because of a lack of funds. But BPTP, which counts Citigroup as an investor, is pushing ahead with what it hopes will be the first top-notch business district in India by paying the first 25-percent instalment for the land this week. "There were lots of rumours, people who wanted to turn a bad story on the company, but we're definitely committed to the project," BPTP's 35-year-old founder and chief executive, Kabul Chawla, told Reuters in a telephone interview from New Delhi. Likening what he plans to build with Hong Kong's skyscrapers linked by a maze of walkways, Chawla said the new city would be in the richest pocket of the New Delhi region and would attract top tenants such as banks and law firms. "India lacks a true quality business centre," he said. "Until now, no developer has had the opportunity to develop that concept into reality." Chawla, who began his career aged 22 by building an office block on an acre of his father's land, said the land was relatively cheap at 130,000 rupees ($3,048) per sq m. Smaller plots in Noida have been auctioned for four times as much. "It's only the most expensive land deal because it's a big land deal," Chawla said of the auction, in which BPTP outbid India's biggest developer DLF Ltd and rival Omaxe Ltd. BPTP raised funds for the land by selling stakes in four special economic zone (SEZ) projects for $160 million to Citigroup Property Investors, which owns 5.9 percent of the firm. And Indian banks, which have been cutting back loans for property, are still keen to lend for construction of the Noida project, Chawla said.

PRIVATE EQUITY

But BPTP will soon look for new investors for the offices, hotels, shops and apartment blocks it plans to build on a town plan that will be drawn up by British architect Norman Foster. It plans to build 5.22 million sq ft of offices, 2.5 mln sq ft of retail, and 1 million sq ft of hotels and serviced apartments in three phases over about a decade. "We'll market the product in three months' time and raise capital," Chawla said. "We have the option of raising private equity money," he added. "We're flexible, we can sell the property to investors or end users." BPTP needs to pay the balance for the Noida land plot over eight years, in $75 million instalments every six months. Since India eased rules on inward investment in the construction industry in early 2005, foreign property investors have earmarked $20 billion for the country, igniting a boom that has seen property prices quadruple in many areas. But private equity funds have complained that Indian developers slapped inflated price tags on themselves, their land and projects. Government figures show only about $2 billion has actually been spent in the last three years. However, plum deals are emerging as banks tighten lending to developers and a stock market slump shuts off public share offerings. Among recent private equity deals, Parsvnath Developers Ltd. sold a 30 percent stake in a Mumbai project to Euronext-listed Yatra Capital and Saffron India Real Estate Fund for $46 million. Deutsche Bank's property arm RREEF has taken a stake in unlisted developer Golden Gate and Morgan Stanley has bought into three developers. As well as its deals with Citigroup, BPTP has also sold a stake in an information technology park to Merrill Lynch. The firm also wants to raise funds on the stock market. "We definitely have plans to list ourselves, but we're waiting for the right time," Chawla said. The failure of Dubai-backed developer Emaar MGF Land to push through a $1.6 billion initial public offering in January was a defining moment for developers. Pune-based developer Vascon Engineers Ltd has since postponed its IPO and Unitech Ltd has shelved a planned $1.5 billion private placement, according to analysts.

BPTP bags India's Largest Land Deal
Mar 11th, 2008

BPTP Limited has bagged the country’s largest land deal worth Rs. 5006 crore for 95 acres of prime commercial land along Sector 94, Noida. The consortium lead by BPTP offered Rs. 130,207 per sq. metre of land which was higher than the offer made by prominent players in Indian real estate industry. The deal is seen as a major leap for BPTP, a closely held firm promoted by Mr. Kabul Chawla. The company has recently sold 5% stake to Citigroup last year.

The 95 acre commercial complex the Greater Noida Expressway will cater to a large number of people through the development of offices, retail and hotels. It will have a total covered area of 25 percent, with a floor area ratio of 2.0 . Uttar Pradesh Industrial Consultants (UPICO) was the consultants appointed by the authority for the selection of the developers and other matters.

Mr. Kabul Chawla, Managing Director, BPTP Limited said, “We are delighted to have won this important bid. We are excited about the project and we will explore such possibilities as and when the opportunities arrives. We will make this commercial complex a world class destination. The company is also in talk with the renowned architect of the world like Norman Foster, for Hotels, Commercial complex and financial hubs ”.

Links:

"Formal Approval" from the Board of Approvals
Feb. 2008

We have received "Formal Approval" from the Board of Approvals, Ministry of Commerce for our following IT/ITES SEZ projects.

Location

Project Size

Faridabad
54.45 Acres

Gurgaon
27.431 Acres

Noida
25 Acres

Greater Noida
82.08 Acres

Currently we are in the process of getting all the above mentioned IT/ITES SEZ projects notified.

Some newspaper clippings are given below:

Business Standard
Economic Times
Financial Express
Hindustan Times

BPTP bags Rs. 666 cr land deal in Hyderabad
November 2007

Amid competition from realty giants, BPTP, the leading real estate player in India has bagged the 30 acre land in the Knowledge city, Hyderabad, put on auction by APIIC (Andhra Pradesh Industrial Infrastructure Corporation). The highest bid offered by the BPTP was for Rs. 22.20 Cr. per acre for the plot no 16 in the inter-se- bidding.

BPTP's bid for the land deal was for Rs 666 crores. APIIC floated the tender for the project with a reserve price of Rs.20 Cr. per acre.

Knowledge City, Hyderabad is the new IT destination for many in the world and the area has developed rapidly with world class infrastructure facilities.

Expressing happiness at the new venture, the sources at BPTP said: "We are delighted that we have won this bid. We will stretch an extra mile to ensure that we do a world class development with the best architects and professionals.

HT (24-11-2007)
Business Line (24-11-2007)
Economic Times (24-11-2007)

Inauguration of Bridge to BPTP Parklands.
October 14th, 2007

Project Agility Goes Live
October 1st, 2007

1st of October was a landmark day for us as we have gone live with the FICO module of SAP. All financial transactions are now taking place through SAP. Human Capital Management, Project Systems and Materials Management had already gone live previously. This is a major landmark for us as we are the first real estate company in India to have gone live with SAP using the Real Estate Module(Home Building Solution). Our new project "Resort" is the first project in the Real Estate Module and is already live. This has now completed the SAP implementation at BPTP which is dubbed “Project Agility”.

We are now in the process of migrating our customers from the legacy system into the SAP system. This will bring unparalleled transparency to all transactions. Within one year we plan to give customers access to their account online through our secure website. We are also planning to enable online payments for our customers which will enable easy fast and "sitting at home" payments to take place from anywhere in the world using direct transfers from major banks via our secured website.

The best is yet to come. Stay Tuned!

We have received "FORMAL APPROVAL" from the Board of Approvals, Ministry of Commerce for our following IT/ITES SEZ projects