Garnet Constructions Ltd -

BSE Code 526727

Garnet Constructions Ltd. is a decade old professional real estate property developer organization having proven track record of property performance and client satisfaction. We design our projects to cater individual and institutional buyers. Delivering projects on time and within established budget is key to company’s success.

They are currently developing a lot of unique projects for commercial, residential as well as industrial spaces.

Residential Projects

Magic Hills
 
Just on the outskirts of Mumbai, but still strategically connected to the metro by road and rail is village Ambivali. Although the place is bit distanced from the metro hustle-bustle, it provides the right ambience for a comfortable lifestyle. Moreover the location is adjacent to Navi Mumbai airport, Chowk Rail station and the Express highway. Considering its strategic location, we earmarked it for our prestigious housing complex.

Magic Hills began with a big dream on a bigger blueprint. Although the location had the advantage of proximity to various transit points and a natural landscape, the provisions for modern living were quite conspicuous by their absence. But our think tank took up the Rs. 900 crores project as a challenge and is all set to finish the 400 acres within shocking deadlines.
Within the complex, we have ensured that the residents don’t lose out on the luxury lifestyle. All the relevant resources and facilities needed for decent living are being developed and soon it will be a pride of Mumbai – Pune Expressway.

LOCATION:
Village - Ambivali , Taluka - Khalapur, District - Raigad.
* Just 15 Mins From Navi Mumbai Airport.
* Only 5 Mins from Chowk Railway Station
* Local Trains Available from V.T Station to Chowk Rly Station
* About 20 Mins Drive from Express Highway

No of Plots and Area:
* Ranging from 3500 sft to 13500 sft.

Features:
* Ensuring plush lifestyle in the perfect environment.
* Knowledge City shall be soon Developed by CIDCO which is just touching the Complex.
* Patalganga River Just About a Kilometer Away

Crystal Springs Residences

The magical exquisiteness of the Sahyadri hills can entice every metro dweller. Lonavala, one of the prime hill stations on the Sahyadris has become a hotspot for local vacationers and international tourists alike. Even we were caught in the magical charisma of this area. The Crystal Springs project was planned, designed and executed as high definition residences for Indians and NRIs.

The location of the project was alluring in every sense of the word. Cool, breathtaking nature all around and host of modern amenities within. This exclusivity of the project made it one of the most sought after residences around Lonavala. The luxurious complex has been designed to accommodate spacious 2, 3 and 4 bed bungalows, complete with individual gardens, terraces and parking space. The complex even has its own clubhouse with a private boat club, a mini theater, gymnasium, swimming pool, special areas for various sports and games and a business center. Today, Crystal Springs is literally a home away from home. 

Commercial Project - Goregaon

The Price and demand for Real Estate Property in Mumbai is increasing day by day. All the Companies in any Sector Whether it is IT Companies or Big Multinationals or small / middle huge size private or public Companies want to set up their offices in proper Commercial properties which should enjoy dual advantage of infrastructure, easy to access and a coveted locale.

The Commercial property (saleable area 55000 sft) with which we are coming up is set up at Goregaon (E) near highway. The area is easily accessible, very convenient (just 1 minute walk from western express highway) and has also become a hub for commercial properties. People Look forward to open their offices in the suburbs and Goregaon has become the hot spot and very demanding area.

The area is surrounded by many well known Commercial premises such as IT Center developed by Oberoi group and also a mall developed by them. Then there is also a mall developed by Patel group coming up in the area and many more. The demand for commercial premises in the area is rising day by day. 

Industrial Projects

Neelkanth Industrial Estate
Yet another feather in our cap is the industrial estate at Khalapur in Raigad district. Spread gigantic 1 lac 40 thousand square feet land, this industrial estate houses 43 plots, shed and galas for large, medium and small-scale enterprises. Being merely 1 km from the exit of Express highway, this estate provides proximity to various transit points to Mumbai and Pune. Set amidst scenic hills, the estate has picturesque view and has consistent supply of water and electricity. Moreover, the zone is demarcated by the government as a special area; thus offering various subsidies and tax waivers for the industrialists.
 
LOCATION: Village-Dhamni, Taluka -Khalapur, Dist - Raigad
TOTAL AREA: 141480 Sft.
TOTAL PLOTS: 43 Plots 
  FEATURES :
* Fully Developed Plots, Sheds & Galas
* Just 1 Kilometer from Exit of Express Highway

Arkose Industrial Estate 
Just 2.5 kms off the Mumbai-Pune highway and 3.5 kms from the busy town of Khopoli stand two prime industrial estates from Garnet's stable. Arkose Industrial Estate and Aditya Industrial Estate are spread across 13 acres and 8 acres of land respectively. Their proximity to the town and highway ensure that they are well connected to both the prime business areas of Maharashtra - Mumbai and Pune. This and the fact that the location has a scenic view make it a perfect haunt for any industry.
The estates also are in close proximity to other key facilities like hospitals, post office, police station, restaurants and various other large-scale industries.
Another key feature of the estates is the tax exemption. SSIs and Middle/large units situated at the location get sales tax exemption to the tune of 100% and 60% respectively. This apart, octroi too is not applicable on goods manufactured in the area. The entire location is flush with year-round water supply and electricity. So, industrialists can logically concentrate on their business activities rather than worry about the infrastructural drawbacks, as is the case in few industrial estates.
 
LOCATION: Village-Dhamni, Taluka - Khalapur, Dist-Raigad
TOTAL AREA: 412271.95 Sft.
TOTAL PLOTS: 56 Plots
  FEATURES :
* Complete Industrial Area surrounded by big industries
* 3 kms from Bombay-Pune Road.
* Good for Chemical Industry Set-Up

Emerald Industrial Estate
Considering the scope that Raigad offers to industrialists, wet took up yet another project in that area. Emerald Industrial Estate, spread over 4 lac square feet of expanse comprises of 49 plots and is situated just 3 kms from the Mumbai - Pune highway. The location is a melting pot of several industries and thereby has all the facilities necessary for large, medium and small-scale industries. In fact, the location is ideal for chemical plants, being at proximity to transit points and still is remote enough to create hazards for residential areas.
 
LOCATION: Village-Dhamni, Taluka - Khalapur, Dist-Raigad
TOTAL AREA: 412271.95 Sft.
TOTAL PLOTS: 49 Plots
  FEATURES :
* Complete Industrial Area surrounded by big industries
* 3 kms from Bombay-Pune Road.
* Good for Chemical Industry Set-Up

Panchsheel Industrial Estate
This industrial estate too is located in the Khalapur taluka of Raigad district. Like its other counterparts in the zone, this estate too offers tremendous scope for industries. Spread across 11-lac square feet land, this estate houses 61 fully developed plots and is at a distance of 4 kms from the Mumbai-Pune Express highway. The scenic location is ideal for units manufacturing Engineering goods.
 
LOCATION: Village-kharsundi, Taluka - Khalapur, Dist-Raigad
TOTAL AREA: 110151.60 Sft.
TOTAL PLOTS: 61 Plots
  FEATURES :
* Fully Developed Plots
* 4 kms from Express Highway.
* Good for Engineering Industries Set-up

The following is a list of projects which are currently under construction.

GOA
As one of the most prominent hub of tourism that makes it mark on a global landscape. Goa is India hottest destination for travelers across the world. Serene beauty, picturesque ambience, rejuvenating climatic conditions and rustic feel provide Goa the edge like none other. Considering these aspects, we decided to make our presence felt in this land of dreams. Our think tank is currently planning a 110-room resort with clubhouses, residential cottages and restaurants. Although the project is still on a blue print stage, it will take us only a while before we make it a reality.

PANCHGANI
The twin-destination of Mahabaleshwar. Panchgani lies at an altitude of 1334 m. with views that surpass even the beauty of its twin. Surrounded by five hills. Panchgani still retains the old world charm of the Raj days… with retro architecture all around. The destination has amazingly scenic locations, with a river on one side and coastal plains on the other. Panchgani is full of lush trees and vegetation, making it a perfect location for a heath resort. The unparalleled uniqueness of Panchgani inspired us to make it our next destination. The projected resort, to be developed on B.O.T basis, comprises of 60 residential cottages, clubhouses and restaurants.

Garnet Constructions sees FY08 topline at Rs 200 cr

Arun Kedia, Director, Garnet Constructions said that they have currently started the project Magic Hills which they are marketing throughout the world. He added that phase one of this project will be completed by December 2009. 
For FY08 Kedia said they see a topline of about Rs 200 crore with profits of about Rs 38 crore.

 
Excerpts of CNBC-TV18’s exclusive interview with Arun Kedia:

Q: Walk us through this quarter in terms of the status of your projects and how much land and at what valuation?

 A: Right now we have about 450 acres of land mostly in the region near Panvel, and in Khopoli area, it’s about 2,400 acres. We have started the project known as Magic Hills, which we are marketing throughout the world.

 Q: What sort of valuation it is quoting at your land bank?

 A: Today the land bank is quoting more than about Rs 150 crore.

 Q: What are the kind of projects that are currently underway and the size of them?

 A: The project that we are doing right now is Magic Hills and its size is Rs 1,200 crore which we are marketing through the NRIs.

Q: What kind of project allocation or development are you foreseeing for this financial year?

 A: This year we will be doing phase one which is about 600 bungalows. These will be completed by December 2009. The major part of the development will be completed by March and the remaining part will be completed in the coming 8 to 9 months.

 Q: What does that take your total order book to?

A: It will give us revenue of more than Rs 300 crore. But the sales that we are expecting from this project is about Rs 160 crore this year.

 Q: Give us your FY08 outlook. What can we expect from you in terms of numbers?

A: We see the topline of about Rs 180 to 200 crore with a profit of about Rs 35 to 38 crore.

Registered Office & Postal Address
17, Milap apartment
S.V Road,
Malad (West)
Mumbai - 400 064, INDIA.
Tel: +91-22-28627715 , 28627716 , 28656710
Fax: +91-22-28081918
Email:garnetcoltd@yahoo.com / garnet@garnetconstructions.com/ info@garnetconstructions.com

Corporate Office
D-508 Crystal Plaza
New Link Road, Opp. Infinity Mall
Andheri (West)
Mumbai - 400053
Tel: +91-22-67100414 / 67100415
Fax: +91-22-67100416