Rahul.docx
Rahul.docx
ON
By
RAHUL KUMAR
Roll No.2300940700128
At the heart of this metamorphosis lies its burgeoning real estate and construction
industry. This sector, a cornerstone of the nation's economic growth, has emerged as a
modernity.
housing, retail, hospitality, and commercial real estate. Each of these sub-sectors plays a
pivotal role in shaping the nation's urban landscape and driving economic activity.
As we delve deeper into the intricacies of this dynamic sector, we will explore its
significant contributions to India's GDP, its role in job creation, and its potential to
drive sustainable development. We will also examine the challenges and opportunities
that lie ahead, as the industry navigates a complex regulatory environment and evolving
consumer preferences.
Table of Contents
Certificate from
company ............................................................................................................ ii
Certificate from
Guide.................................................................................. iii
Acknowledgement………………………………………………………….
… ................................ iv
List of tables
…………………………………………………………………………………………
…vi
List of
graphs………………………………………………………………………………
… .............. vii
CHAPTER- 1: INTRODUCTION
1.2 Company
Profile ........................................................................................................ 4 -6
Analysis &
Interpretation ........................................................................................... 36-49
5.1 Findings
…………………………………………………………………………………..50
5.2
Suggestions……………………………………………………………………......
.....51
CHAPTER- 6: CONCLUSION
ANNEXURES
Annexure[A]
…………………………………………………………………………..……54-56
Annexure[B]
…………………………………………………………………………….…….57
STUDENT DECLARATION
This to certify that I have completed the project titled “A Study Of Sales And
goyal “ in the partial fulfillment of the requirement for the award of the degree of
technology.” This is an original work and I have not submitted it earlier elsewhere
This is to certify that the project titled “A Study of Sales and Marketing Strategy of
K r i s h n a A s s o c i a t e s ” is an academic work done by “Rahul Kumar” submitted in the
partial fulfillment of the requirement for the award of the degree of “Masters in Business
Administration” from “Galgotias Institute of technology and Management , Greater Noida.”
under my guidance and direction. To the best of my knowledge and belief the data and
information presented by him in the project has not been submitted earlier elsewhere.
(Project Guide)
RDIAS
ACKNOWLEDGEMENT
I offer my sincere thanks and humble regards to Galgotias Institute of technology and
Management AKTU for imparting us very valuable professional training in MBA.
I pay my gratitude and sincere regards to Prof. Komal Goyal, my project Guide for giving me the
cream of his knowledge. I am thankful to him as he has been a constant source of advice,
motivation and inspiration. I am also thankful to him for giving his suggestions and
encouragement throughout the project work.
I take the opportunity to express my gratitude and thanks to our computer Lab staff and library
staff for providing me opportunity to utilize their resources for the completion of the project.
I am also thankful to my family and friends for constantly motivating me to complete the project
and providing me an environment which enhanced my knowledge.
EXECUTIVE SUMMARY
This project includes Analysis & Business Development at Krishna Associates through various
channel and promotional activities to ultimately increase the overall market share and revenues
for the company . The project is divided into four stages:
Understanding the product at Krishna Associates and analyze the competitors and their
product present in the market.
Developing promotional and marketing strategies.
Conduct a market research to understand the promotional strategy which suits best to
generate business of the company.
Executing the process through follow ups and closing the sales.
The basic objective of the project is to understand the process of Business Developments and
various attributes related in the actual project with an objective to develop entrepreneurial
capabilities.
Stage I is training program –
In stage I understood the real estate sector. The training program increased my knowledge about
the real estate sector and helped me develop the business of
the company.
Stage II is developing the markets –
I bifurcated the market into two categories: Hot and Cold Market. Hot Market includes our close
relatives and friends, and Cold Market includes
general public. This stage also includes the research work with respect to earth infra.
Stage III is Lead Generation –
It involves the different promotional strategies that I adopted to attract the investors such as
putting the canopies near the site and in the apartments, to attract the investors such as putting
the canopies near the site and in the apartments, visiting the shops in the marketplaces etc.
The Stage IV is Execution –
It involves the follow ups of the investors and closing the sales.
LIST OF TABLES
LIST OF TABLES
Introduction
The Indian real estate and construction industry is an integral part of Indian economy and plays
an important role in the development of the country’s infrastructure base. The contribution of the
real estate sector to India’s gross domestic product (GDP) has been estimated at 6.3 per cent in
2013, and the segment is expected to generate 7.6 million jobs during the same period. It is also
expected to generate over 17 million employment opportunities across the country by 2025.
The sector comprises of four sub-sectors- housing, retail, hospitality, and commercial. While
housing contributes to five-six percent of the country’s GDP, the remaining three sub-sectors are
also growing at a rapid pace, meeting the increasing infrastructural needs.
Riding high on the back of rapid urbanisation, positive demographics and rising income levels,
the Indian real estate sector has attracted significant investment over the past few years. The
growing stability of the market is reflected by the continuous growth of the core investors, with
over Rs 7,705 crore (US$ 1.14 billion) invested in ready office space during the last three years.
Market Dynamics
The real estate sector of India is expected to post annual revenues of US$ 180 billion by 2020 as
compared to US$ 66.8 billion in 2010-11, registering a compound annual growth rate (CAGR) of
11.6 per cent. In fact, the demand is expected to grow at a CAGR of 19 per cent between 2010
and 2014, with tier I metropolitan cities projected to account for about 40 per cent of this.
Mumbai, NCR and Bengaluru account for 46 per cent of total office space demand in India.
Demand growth projected to be the highest in Tier 2 cities such as Kolkata and Chennai during
2010-14.
1.
1.
Investments
The prime office space segment across the country’s key cities- Mumbai, the National Capital
Region (NCR), Pune and Bengaluru has witnessed a fresh supply infusion of more than 20
million square feet (sq ft) in the first six months of 2013, witnessing a growth of 16 per cent on
year-on-year (y-o-y) basis, as per a report by CBRE.
The country is ranked 20th among the top global markets for real estate investment in 2012, with
investments worth US$ 3.4 billion during the year, according to a latest report by Cushman &
Wakefield. It is also estimated that foreign direct investment (FDI) into real estate in India will
increase to US$ 25 billion over the next 10 years.
Some of the major investments in the Indian real estate sector are:
Peninsula Land has signed an agreement to buy a five-acre property in the Byculla area
of Mumbai from its joint owners, Mahindra Lifespaces, the realty arm of Mahindra
Group, and the Kanorias, for around Rs 650 crore (US$ 96.45 million)
Godrej Properties Ltd (GPL) has entered into an agreement to develop 37 acres in Panvel,
Maharashtra. The company will receive 35 per cent of the profits from the development
Cushman & Wakefield has entered into an agreement to acquire Singapore-based project
management specialist company Project Solution Group (PSG). The acquisition is
aligned with the firm's global strategy to strengthen its operations in the Asia-Pacific
2.
Reliance Industries is expanding its presence in Africa's real estate sector. The firm
acquired 10 prime plots of land in Nairobi, Kenya, for around Rs 202 crore (US$ 29.97
million)
Germany-based SEA Group, engaged in the living space solutions segment, plans to
invest Rs 40 crore (US$ 5.94 million) over the next two years in its Indian operations
Government Initiatives
In an attempt to encourage investors’ participation in the Indian housing sector, the Ministry of
Housing and Urban Poverty Alleviation plans to ease the norms for FDI in real estate projects.
FDI upto 100 per cent is allowed under the automatic route in townships, housing, built-up
infrastructure and construction development projects to increase investment, generate economic
activity, create new employment opportunities and add to the available housing stock and built-
up infrastructure.
The Reserve Bank of India (RBI) has relaxed norms to raise funds via external commercial
borrowings (ECB) for low-cost affordable housing projects. Now, developers and builders with
three years of experience in undertaking residential projects are eligible to raise funds through
the ECB route. RBI has also relaxed the minimum paid-up capital norm for housing finance
companies (HFCs) to raise funds through ECBs.
The Government of India has sanctioned projects worth Rs 41,723 crore (US$ 6.19 billion) for
building of 1,569,000 houses/dwelling units for economically weaker/lower income group
sections under the Ministry’s flagship Jawaharlal Nehru National Urban Renewal Mission
(JNNURM) programmes.
The Ministry of Housing & Urban Poverty Alleviation has planned to introduce a single-window
system for clearance of all real estate projects across the country. The system could bring down
the average approval time from the current 196 days to 45-60 days.
3.
The government has also introduced the Real Estate Regulation Bill 2013 in the Parliament to set
up a strong regulatory architecture to protect the interest of consumers and for the regulation &
promotion of the real estate sector.
For homes and flats with a carpet area of 2,000 square feet or more or of a value of Rs 1
crore (US$ 148389.97) or more, which are high-end constructions, where the component
of services is greater, rate of abatement reduced from 75 to 70 percent
Rs 6,000 crore (US$ 890.34 million) were given to Rural Housing Fund
National Housing Bank plans to set up Urban Housing Fund. Rs 2,000 crore (US$ 296.78
million) will be provided to the fund in the current financial year
This success is the result of the leadership which understands the power of compelling vision and
it is the compelling vision and its execution that has made Earth the “Investment of Choice” (for
the investors) “the employer of choice” (for the employees) and “Associate of Choice” (for the
channel Partners and associates).
4.
The people-first, performance driven culture is spearheaded by the Two Directors of Krishna
Associatess Ltd. Krishna yadav and Arvind Yadav .Their expertise in their respective fields,
powerful intuitive sense, alert and intelligent thinking pattern and a hunger to excel, has
influenced the internal and external dynamics of the organization, synergizing them with the
success.
The Company’s ability to meet the special requirements of the real estate market and clients
demand comes from its strong foundations of professionalism.
The group’s strength lies in its panel of dynamic, young, qualified and highly experienced
management and dedicated marketing professionals that take care of the entire activities eeping
its main thrust on customer satisfaction, which is the main motto of the company.
Setting benchmarks by initiating the concept of green building technology in North India, Earth
has been the pioneer in bringing the first LEED CERTIFIED Residential and of its dynamism
and company’s vision to create the finest elements of urban living with state of art structures and
sustainable models.
1.2.1 VISION
To be the most innovative and trusted brand in real estate industry by adopting new technologies
with a focus on green and eco-friendly construction with focus to fulfill the expectations of the
customers.
1.2.2 MISSION
1. ONE FACE, ONE VOICE
There will be one face, one voice of Earth for the outer world.
5.
2. CUSTOMER CENTRIC ATTITUDE
To ensure complaint free operations with total customer satisfaction by resolving Customer’s
issues with utmost attention and speedy services round the clock.
3. BRAND VALUE
To deliver the projects „differently and make the customer to feel at ease and comfort and create
the „Earth Brand a most trusted brand.
4. INNOVATION THROUGH TECHNOLOGY
Earth would be effortful and creative to identify and deliver something new, matching the
technological up gradation in the Realty sector, all around the globe.
6. EMPLOYEE CULTURE
To keep on constantly searching for the talented employees, developing employee retention
policies, providing continuous training and development to facilitate them to contribute
completely in the growth of the organization.
Academic Benefits:-
➢ Experience of doing a market research & practical experience in convincing the end-
users to fill up the questionnaire.
➢ Experience of interacting with perspective customers and convert them into real
customers.
➢ Got an insight of real estate products and gain thorough knowledge of various
promotional strategies.
8.
Krishna Associates Ltd. is the fastest growing company in the Real Estate Sector. In the time
span of only 3 years, the company has launched its number of projects in Delhi- NCR region.
Some of these are:
It is an integrated commercial project which focuses on providing every type of real estate
product in an area of 15 acres.
It mainly focuses on the smooth working of business by providing offices, apartments, retail
shops so that the investor who is seeking to commence his business may not have any kind
of problem as all the facilities are provided as his rest place (apartments) will be near and any
Offices
Three types of offices provided;-
➢ Alpha tech- fully furnished office space
Under this every facility will be provided like from desk to computers, printers and every
necessary thing which the person seeks to have in an office.
sizes available - 350, 500, 750, 1000 sq. ft.
Rates - for 350 & 500 is RS. 6000 /sq.ft., for 750 & 1000 is Rs. 5750/sq. ft.
➢ Beta tech- semi furnished office space
It is office space which will have less facility than alpha tech and is best suited for an investor
who wants or has interest in doing further changes as per his/ her requirements.
These apartments are basically for the persons who would be commencing there businesses in
the offices provided in the Tech one site. So that their work is not effected by wasting time in
travelling from their homes. It is also suited for the companies to reside their guests not far
from the workplace.
Ideal for executives, small families and senior citizens. So this concept is good as it saves
much money and time.
Sizes available – 495 & 800 sq. ft.
Rates – Rs. 4000/ sq. ft.
9.
These spaces are suitable for food courts, ATM‘s, Retail shops etc.
Are also a part of facility which is to be provided to the investor who is going to invest in
apartments and offices.
Retail shops -
Sizes available - 250 / 350 Sq. ft. (and, multiples)
SIZES RATE per sq.ft.
250 sq.ft. RS 9000
350 sq.ft. RS 11000
Bank Space -
Size available -3000 Sq. ft.
Rates- Rs. 8500 / Sq.ft
Food Court -
Sizes available - 500 Sq. ft. & 1000 Sq.ft
Rates- Rs. 8500/Sq.ft.
11.
10. Yamuna/ Taj Expressway: 180 kms Expressway connecting Greater Noida to Agra in less
than 2 hours and hence will play pivotal role for Delhi – Greater Noida – Agra tourism
destinations.
11. FNG Corridor: 56 kms. long under construction expressway will help people commute at a
lightning fast speed between Faridabad- Noida- Ghaziabad. Trucks and
other heavy commercial vehicles will not need to enter Delhi.
12. Integrated Transport Hub at Boraki: Spread over 600 acres in Boraki, which will include a
world class ISBT and an upgraded Railway station on Ludhiana – Kolkata main railway line,
along with shopping malls and „five star‟ hotels in the area, the city will boast of one of the
unique and first integrated transport hub in India.
2 and 3 BHK „semi-furnished‟ and „fully-furnished‟ apartments which will not only become a
symbol of lifestyle statement in near future, but the ones which will surpass your imagination, be
fitting Earth Gracia
With Earth Gracia, not only, you will see your future living address become a paradise of modern
living with hardcore sensibility of contemporary living… but a place, where it’s hard to beat
imagination and when you beat it, you feel that heaven has fallen on your feet.
Mentioned below are some prominent „reasons to make Earth Gracia your future living address:
LEED Certification (Leadership in Energy and Environmental Design)
Location: Greater Noida-West
Sales drivers of EARTH GRACIA
➢ Tennis Court
➢ Golf Putting and Basket Ball Ground Entertainment Zone with Single Screen multiplex
12.
13.
Available Sizes
TYPE SIZES
2 BHK + STUDY ROOM 1310 Sq.ft.
3 BHK + 2T 1545 Sq.ft.
Additional Charges
➢ ECC ( External electrification Rs 85/ sq.ft
charges
➢ FFC ( Fire fitting charges) Rs 40/sq.ft
➢ Lease rent Rs 100/sq.ft
➢ Electric connection charges (min. Rs 5000/KVA
5kva)
➢ DG Power back up Rs 20,000/KVA
➢ Mandatory Club Membership Rs 1.5 LACS
➢ Covered Car Parking Rs 2.5 LACS
➢ Road Facing PLC Rs 50/sq.ft
➢ Corner Facing PLC Rs 75/sq.ft
➢ Park Facing PLC Rs 75/sq.ft
14.
7TH FLOOR 80
8TH FLOOR 70
15.
➢ Flexible Payment Options - Flexibility to choose from as much as three (maximum)
payment options available – D.P., Flexi and C.L.P. on different sizes of business suites as
well as for residential suites whereas in many of the other projects not as many payment
options are available.
➢ Assured Returns + clearly specified possession date - As compared to other projects
which does not have any clearly defined possession date, and hence assured returns till
possession, Earth Tech one gives its investors a complete peace of mind with a reason to
smile as the investor would be sure of getting almost half of his invested amount back in
51 months + manifold capital appreciation once the project is completed in June 2013.
The investor would be assured of both returns and timely possession, and hence capital
appreciation.
➢ Fully Loaded, Plug & Play Concept - Early possession – June 2013 coupled with fully
loaded business suites means its plug & play for dynamic and charged up professionals.
16.
choice. In addition, a large number of construction projects offer quality housing and office space
equipped with modern amenities, making real estate in the city all the more desirable. In all,
property in Greater Noida has come across as the next best option given its location advantage,
good connectivity, green environs and the enormous potential for development.
SWOT ANALYSIS OF GREATER NOIDA
Strength weakness
➢ 2nd planned city. ➢ Problem of law and order
➢ Wholly Wi-Fi.
➢ India expo mart
➢ Yamuna Expressway. ➢ Lack of public transport
➢ Knowledge Park.
➢ An eco-friendly relaxed
➢ Lack of labour
environment.
➢ Shiv Nadar University Launched.
➢ Affordable Property rates as ➢ Show pace of development
compared
to Delhi.
➢ A modern, efficient city of
international
standards.
➢ Top quality housing and social
➢ infrastructure.
➢ Wider than access roads.
➢ Ansal Plaza shopping mall
operational.
➢ F1 Racing track.
➢ Gautam Buddha University and,
Galgotia University.
DEVELO
PING PROMOTIONAL STRATEGIES
Understanding the company, its products and analysis of its competitors, gave me a clear picture
about the real estate sector. The major task that I was assigned was to understand the company
objectives, its target audience, and then to develop marketing strategies which would help
company to increase its brand awareness in the real estate sector
OPPORTUNITIES THREATS
PROMOTION
ABOVE THE LINE PROMOTION BELOW THE LINE PROMOTION
19.
➢ RADIO
➢ SPONSERSHIP Swot analysis
➢ ENDORSEMENTS
➢ MOBILE PHONES
➢ SALES PROMOTION of earth
➢ INTERNET ➢ DIRECT MAIL
➢ PERSONAL SETTING
➢ NEWSPAPER ➢ PUBLIC RELATION
Deciding on promotional plan:
The plan usually faces three questions.
➢ Which segment of the market should be targeted? 57.
➢ What message should be conveyed to them?
➢ How to do this?
For each service we first forms of media consider all which are available for promotion like TV,
radio, newsletters, classifieds, displays/signs, posters, word of mouth, press releases, direct mail,
special events, brochures, neighbourhood newsletters, etc, & then decide which suits the
organization. Our selection of media should be based on two factors affordability &
accessibility.
22.
STEPS INVOLVED IN DEVELOPING THE MARKETING &PROMOTIONAL
STRATEGIES
To develop a promotional strategy one should understand the target audience, analyze the
competitor strategies, understand the company constraints, and other factors which can then be
used to develop a comprehensive strategy to meet the company objective.
The steps involved in developing strategies for Earth-Infrastructure can be enumerated
as:-