User:ATZProperties/sandbox

ATZ PROPERTIES, a well established Real Estate firm based in Bengaluru, with about 5 completed projects and 3 on-going projects in North Bengaluru, and about 1 projects in the upcoming stage named ATZ Exquisite in North Bengaluru. The company is concentrating on mid segment of the home buyers mainly focusing on multi storied Residential Apartments construction. All the properties that are getting launched in the near future are joint development projects of 3 acres and above. The details of the projects which are in the process of launching are described below in detail. The company is developing all projects which are having close proximity to the Manyata Tech. Park, which has seen a surge in demand in this area over a period of time due to the closeness of the projects to the workplace of the IT professionals which are housed in large numbers.

The following project developments were undertaken before the start of the Company:

PAST DEVELOPMENTS:

1.	A 27 Guntas joint development with Aditya Constructions in which he had a share of 20 flats out of 44 flat project. The project was named as Aditya Palatial in North Bengaluru.

2.	40 Guntas project with Dhammanagi builders in which about 34 flats were ATZ share out of 83 flats named Gladiola Gardenia in North Bengaluru.

3.	40 Guntas project with Amrutha Infratech. builder in which 23 flats were ATZ share out of 60 flats named Amrutha Grandeur in North Bengaluru.

4.    63 flat project named “ATZ SPLENDOR” in which ATZ PROPERTIES share is 38 flats in North Bengaluru. The Project has been completed and handed over to the flat owners.

All the above were a JD projects with other builders, however all the flats which were falling to ATZ Properties share were purely marketed by the full fledged in-house team on completion of the projects.

CURRENT DEVELOPMENTS:

Currently ATZ Properties is developing it’s own projects under joint development with other landlords which are as follows:

1.	 64 flats project in north Bengaluru under the brand name “ATZ ROCK VIEW” phase-1 and phase-2, each 34 flats and 30 flats respectively. Phase-1 project construction is in completing stage and is expected to be completed by the March 2015. More than 80% of the flats have been sold and this project 50% is owned by ATZ and balance is on 50% on joint development. Phase-2 is fully owned by the ATZ in which there are 30 flats. The construction has already began and it will be delivered by December 2015.

2.	76 flats project in outer ring road, close to major tech. parks situated in Balagere, close to Marathahalli. We are almost on the verge of receiving the BBMP approval at any moment. However since April pre-launch has begun and we have sold about 25% of the project.

3.	ATZ Estrella - A joint venture project which is signed already and is also on the verge of receiving the BBMP sanctioned plan, and is 1.5 lakh sft project in the heart of Varthur, a centre of IT activity with about 107 luxury flats.

4.     ATZ EXQUISITE - We wish to commence a 4 acre self owned property behind Manyata tech. park, a prime location in the BBMP limits, housing 430 flats with about 6.5 lakh sft. Project.

CURRENT STRENGTH OF THE COMPANY:

The company, before its inception, the Proprietor has developed its full fledged marketing team in self owned office space situated in Plain Street, Infantry Road Cross, Shivajinagar, Bengaluru. All the projects were sold with the marketing strength of the proprietor who has been in the business for a very long time.

The company has now developed a full fledged engineering team for development, design, implementation and execution of the projects in Bengaluru. They are fully capable of executing and delivering the projects on their own with quality on par with the top builders and timely completion of the same which are a hall mark of the company.

FUTURE PLANS:

ATZ PROPERTIES wishes to be a major player in the field of Real Estate development. Currently, they have more than 70 acres in joint development with land lords, and about 4 acres of self owned very prime property. Most of these lands are situated in the north Bengaluru close to Tech parks. ATZ Properties wishes to take up major commercial and residential developments in the above properties as most of them are very prime located properties in North Bengaluru.

FINANCIAL BRIEF:

All the projects were self funded till date however, keeping the demand in mind and the development of the City, we have taken major properties on joint development which are prime. We wish to commence the work on few major properties out of the total extent shortly, for which, we wish to explore either the Debt or Equity route for the moment. Hence we wish to explore a possible 50-100 Crores investment from Banks/ NBFI /PRIVATE /INDIVIDUALS Etc., for various projects as we launch in a couple of months from now.