Poddar Developers Limited

PoddarDevelopersLimited
Investorpresentation

D
Date:February2015
F b
2015

Strictly Private and Confidential

Disclaimer
This presentation contains forwardlooking statements, which are based on current expectations and projections about future events, and include all statements other than
statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words targets, believes, expects, aims, intends, will,
may, anticipates, would, plans, could, should, predicts, projects, estimates foresees or similar expressions or the negative thereof, as well as predictions, projections
and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of the Company, and projections and forecasts
of their performance, which are not guaranteed. Such forwardlooking statements, as well as those included in any other material discussed at the presentation, concern future
circumstances
i
t
and
d results
lt and
d involve
i l known
k
and
d unknown
k
risks,
i k uncertainties
t i ti and
d other
th important
i
t t factors
f t
b
beyond
d the
th Companys
C
control
t l that
th t could
ld cause their
th i actual
t l results,
lt
performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forwardlooking statements. Such forward
looking statements are based on numerous assumptions and estimates regarding the Companys present and future business strategies and the environment in which they will operate
in the future. Forwardlooking statements are not guarantees of future performance. These forwardlooking statements speak only as at the date of this presentation, and none of the
Company or any of their respective directors, officers, employees, agents, affiliates, advisers or representatives intends or has any obligation or undertakes to supplement, amend,
update or revise any forwardlooking statements as a result of new information or to reflect future events or circumstances, except as required under applicable laws. This presentation
d
does
nott constitute
tit t or be
b construed
t d to
t constitute
tit t a prospectus,
t offering
ff i circular
i l or offering
ff i memorandum
d
or an offer,
ff or a solicitation
li it ti off any offer,
ff to
t purchase
h
or sellll any securities.
iti This
Thi
presentation should not be considered as a recommendation that any investor should subscribe for or purchase any securities of Poddar Developers Limited or its subsidiaries or joint
venture (together, the Company) and should not be used as a basis for any investment decision.
This presentation includes certain forecasts and projections. By their nature, forecast and projected financial information address a hypothetical situation, and therefore do not
represent the actual financial position or results of the Company had the transactions described therein been completed at the dates assumed or any other date, or in the future and
should not be regarded
g
as an indication of the operating
p
g results ggenerated byy the Company
p y or of the future financial p
position of the Company.
p y Given the abovementioned risks,,
uncertainties and assumptions, you should not place undue reliance on these forecast and projected financial information. Past performance is not necessarily indicative of future
performance.
None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in
this presentation. Further, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such
extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.
This presentation also contains certain statistical data and analyses (the Statistical Information) which have been prepared in reliance upon information furnished by the Company
and/or other sources. Numerous assumptions were used in preparing the Statistical Information, which assumptions may or may not appear herein. As such, no assurance can be given
as to the Statistical Informations accuracy, appropriateness or completeness in any particular context, nor as to whether the Statistical Information and/or the assumptions upon which
they are based reflect present market conditions or future market performance.
The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy,
completeness
l t
or correctness
t
off any information
i f
ti or opinions
i i
contained
t i d herein.
h i The
Th information
i f
ti contained
t i d in
i this
thi presentation,
t ti
unless
l
otherwise
th
i specified,
ifi d is
i only
l currentt as off the
th date
d t
of this presentation and has not been independently verified. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis
of any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information
and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or
otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation may not be copied and
disseminated in any manner.

TableofContents
 Industryoverview
 AboutPoddarDevelopersLimited(PDL)
 Projectsoverview
 Summaryfinancials
 Ourgrowthstrategy
 Annexure

IndustryOverview

IndianRealEstatemarket
IndiaHousingdemandby2022
Particulars
Current Shortage
CurrentShortage

Quantificationofurbanhousingneeds(intermsofnumberofunitscrores)

Urban(mn units) Rural(mnunits)

19

40

Total(mnunits)

5.0

59

Requiredunits by2022

28

23

51

Totalneed

47

63

110

Vacanthouses

10

20

CoreDemand

37

53

90

0.40.5

4.44.8

HIG

Total

0810
0.81.0
4.0
1.31.5
3.0
20
2.0

1719
1.71.9

1.0
0.0
EWS

Of this, about 95.6% is estimated to be from Economically Weaker Sections (EWS) and Low Income Group (LIG) households, who cannot afford houses costing
above INR 15 lakh

However supported by the strong growth in household income in urban areas, it is expected that income growth may push a significant number of EWS and LIG
households into a higher category

MIG

The current housing shortage in urban areas is estimated at 19 million units

LIG

By 2022, majority of demand is expected to be from LIG and MIG segments of households, constituting 50% of the total housing demand

Even assuming the vacant houses are occupied, the total investment required would be about US$ 2 trillion

Unmethousingdemandexpectedtoexpandwithhouseholdsavingsbeingthelargestsourceoffinancing
Source:Industrysources
Note:EWS EconomicallyWeakerSection;LIG LowerIncomeGroup;MIG MiddleIncomeGroup;HIG HighIncomeGroup;
4

Driversforgrowthinrealestate
Driversoftherealestatesector

The per capita income in urban India is expected to triple from USD2,800
in 2012 to USD8,300 in 2028

The rising income supports the growth of retail and residential real estate

Indianeconomyisexpectedtobethefastestgrowingeconomyforthenext
Indian
economy is expected to be the fastest growing economy for the next
fewdecades

Reformmeasuresinitiatedbynewgovernmentaretargetedtotryandbring
backtheeconomyonahighgrowthtrajectory
GDP growth rate %
GDPgrowthrate%

11.0%
8.0%

Rising
income
level

Economic
Growth

Approx10mn peoplearemovingtothecitieseveryyear
Urbanareasareexpectedtocontribute7075%to
IndiasGDPby2025

Younger
andsmall
families

Urbanization

30.0%
15.0%

27.8%

30.0%

32.3%

2001

2011

2021

FY13

FY14

6.4%

6.4%

6.5%

6.6%

6.7%

6.7%

CY14

CY15

CY16

CY17

CY18

CY19

2.0%

The average household size is expected to decrease

from 4.8 currently to just above 4.4

The fall in household size is expected to add about 10

million new housing units

About 35% of Indias population is between 1535 age

bracket which is expected to drive the demand for
housing over the next 15 years

38.2%

0.0%
2026

Source:Industrysources; Report oftheTechnicalGroup onpopulationprojectionsconstitutedbytheNationalCommission onpopulation May2006,IMF

4.7%

5.0%

Urbanpopulationasa%oftotalpopulation
45.0%

4.5%

Multiplicityofapprovalsandindirecttaxesactasimpedimentsforreal
estatedevelopers
Approvalsandindirecttaxesapplicableonrealestateprojects
Tax

%ofpropertycost

KeyApprovals

DeveloperAgreementstampduty
p
g
p
y

NA Permission/Land Conversion
NAPermission/LandConversion

Stampdutyonpurchaseofproperty

OwnershipCertificate

Registration

BuildingLayoutApproval

Valueaddedtax

CommencementCertificate

Servicetax

2.6

VATtocontractor

ArchaeologicalSurveyofIndia

Maharashtra
3 months +
3months
15days
1month
1530days
6months

AirportAuthorityofIndia

34months
3months+

Otherleviessuchasservicetax

2.6

Environment

Excise and custom duty

Exciseandcustomduty

15

BuildingCompletionCertificate

30days

OccupancyCertificate

60days

Total

~35

Anypositivechangeinregulatoryandtaxenvironmenttofacilitateprocessesandsimplifyprocedurewillactasanimpetustotherealestatesector

Source:KPMGDecodingHousingforallby2022;KPMG FundingtheVision "Housingforallby2022,FICCI

Governmentfocusandpolicyinitiatives
Focusfromcentralgovernment

The Central Government to roll out Sardar Patel Urban Housing Mission, which will ensure 30 million houses by 2022, mostly for the economically weaker sections and
low income groups, through publicprivatepartnership, interest subsidy and increased flow of resources to housing sector

An investment of about INR 50 trillion would be required over the next few years for various initiatives like :
Housing for All (INR 22.5 trillion)
urban infrastructure development (INR 16.5 trillion)
urban sanitation (INR 620 billion) and
building smart cities

About 85 to 90% of the total investments in Housing for All would be required for developing urban housing, where development costs are high due to factors such as
land prices, construction cost, fees, and taxes

supportedbypolicyinitiativesalreadyinplace
FDI

Fundallocation

Minimum requirement of the built up area and capital conditions has been
reduced from 50,000 sq.m to 20,000 sq.m and from US$10mn to US$ 5mn
respectively with a 3 year lock in

INR4,000croretoNationalHousingBanktoprovidecheapercreditforaffordable
housing

FurtherallocationofINR8,000crorefortheyear201415toexpandandsupport
ruralhousing

Housing projects that commit at least 30% of total project cost for affordable
housing exempted from above rule

Tax

Lending

Smartcities

Proposal to increase the deduction limit on account

of interest on loan in respect of self occupied house
property from INR 1.5 lacs to INR 2 lacs

RBI has included affordable housing loans to fall

under the priority sector lending

Smartcitiesareenvisagedtoconsistofsatellite
townsoflargercities,andmodernizedexistingmid
sizecities.

Projectswhichcommitatleast30%ofthetotal
projectcostforlowcostaffordablehousingwillbe
exemptedfromminimumbuiltupareaand
capitalizationrequirements

Proposed that the Real Estate Investment Trusts

(REITs) and Infrastructure Investment Trusts (InvITs)
would have pass through status for the purposes of
taxation

Housing loans of upto INR50 lacs for houses of

values up to INR65 lacs located in six
metropolitan centers including Mumbai
The revised definition
f
off affordable
ff
housing
g
current mortgage lending rates may reduce

Affordablehousing|definition
Variousagenciesdefineaffordablehousingdifferently,NAREDCOdefinesaffordablehousingasunder
Categories

TypicalSizeofunit

Costofhouse(INRmn)

Economically weaker section

Economicallyweakersection

Up to 300 sq. ft.

Upto300sq.ft.

Up to INR0.5mn
UptoINR0.5mn

Lowerincomegroup

550 750sq.ft.

INR1.5mnINR3.0mn

800to1,200sq.ft.

INR4.0mnINR4.5mn

Middleincomegroup

Webelieveaffordablehousingshouldbedefinedaftertakingintoaccountlocalfactors
We believe affordability of housing should be defined while taking into consideration price trends in the local and nearby markets and a onesize fit all definition at a
national level may not be relevant in many geographies/ micro markets
Categories
Economicallyweakersection(EWS)
Lowerincomegroup(LIG)
Middleincomegroup(MIG)
ValueSegment

TypicalSizeofunit

Residential units, typically 1 RK apartments with an average size of less than 300 sq.ft. Carpet Area

These units typically cost up to INR15.0 lacs

Residential units, typically 1 BHK apartments with an average size between 270 450 sq.ft. Carpet Area

These units typically cost up to INR35.0 lacs

Residential units, typically 1.5 BHK, 2 BHK and 3 BHK apartments with an average size over 450 sq.ft. Carpet Area

These units typically cost up to INR45.0 lacs

Projects which provide relatively lower priced residential units within city limits

Source:Industrysources;Company

Maharashtraranks2ndintermsofurbanhousingneedsinIndia
Housingneedconcentratedin9states(inlakhs ofunits)
Northernregion

Urban

Rural

Total

UttarPradesh

54

146

200

MadhyaPradesh

22

51

74

Rajasthan

21

45

Delhi

30

Haryana
Punjab

Urban

Rural

Total

14

29

42

Uttarakhand

66

JammuandKashmir

33

HimachalPradesh

11

14

25

Total

22

44

65

10

13

23

148

272

421

Urban

Rural

Total

Urban

Rural

Total

Maharashtra
h
h

50

55

104

Bihar
h

19

69

88

Gujarat

29

21

50

WestBengal

34

42

76

Goa

26

35

Total

81

77

157

11

18

29

14

22

81

169

250

Total

Westernregion

Hillyregion
NorthEasternStates

EasternRegion

Orissa
Jharkhand
Chhattisgarh
g

SouthernRegion

Total

Urban

Rural

Total

AndhraPradesh
(includingTelangana)

37

40

77

TamilNadu

39

18

57

>1crore

Karnataka

28

21

49

0.51crore

Kerala

27

36

1050lacs

Total

131

87

219

Statewisehousingneedby2022

<10lacs

Source:Industrysources;

withareasaroundMumbaiofferinganattractivemarket
PopulationgrowthwillbeledbyMMRregion(inmillion)

Mumbaihasthehighest%ofslumsacrossMetros
ProportionofSlumHouseholdsinMetros 2011
50.0%

40
35
30
25
20
15
10
5
0

MMR Hi h
MMRHigh

40.0%

MMRMedium

30.0%

MMRLow

20.0%

MCGMHigh

10 0%
10.0%

MCGMMedium

41.3%

28.5%

29.6%

Chennai

Kolkata

14.6%
8.5%

0.0%

MCGMLow

BBMP*

Delhi

Greater
Mumbai

2001 2005 2011 2016 2021 2026 2031

and~65%ofhouseholdsoccupying1RKorlesser

withlimitedsupplyofpublichousingstock

1.97mnhouseholdsascoveredunderCensus2011;doesnotincludeThane
3% 1%
10%

0.7%
8%

(Public)HousingstockcreatedinMumbaisince1995
Agency/Scheme

NoRoom

MHADA

2Rooms

SRA3

3Rooms
57%

UnitsunderCons.

StatusasonDate

20,121

19,267

October2014

1,57,402

86,069

April2014

26,101

3,565

October2014

Government of Maharashtra
GovernmentofMaharashtra

1Room

21%

CompletedUnits

MMRDA(SRAcell)

4Rooms

Government of India
GovernmentofIndia

5Rooms

RajivAwas Yojana

September2014

6+Rooms

AHP

September2014

2,03,624

1,08,901

Total

Mumbaihaslargeunmethousingdemandthatcanbeaddressedthroughdevelopmentofhousinginperipheralsuburbs
Source:Praja.org ReportonTheStateofAffordableHousinginMumbai;Census2011data;MCGM TRANSFORM Transportationstudyforthe RegionofMumbai
*BBMP BruhatBangaloreMahanagarPalike;Industrysources
1MMR PopulationofMumbaiMetropolitanRegion;2MCGM PopulationofMunicipalCorporationofGreaterMumbai;3SRA SlumRehabilitationAuthority;4AHP AffordableHousinginPartnership
10

AboutPoddarDevelopersLimited(PDL)

11

CompanyOverview
OverviewandhistoryoftheCompany

Summaryfinancials

We have over 6 years of experience in development of real estate focusing on

affordable and value housing in and around Mumbai and are one of the leading
companies in this category

9months endedDec31.
INR Lacs

2014

2013

12mths.endedMarch 31,
2014

2013

2012

TotalRevenue

10746.88

6370.69

6,918.92

3,075.54

1,879.22

Totalexpenses

8044.83

5316.00

5,659.88

2,493.05

1,650.08

We operate across EWS, LIG, MIG and Value segments with our key strength being
our ability to identify and balance the budget constraints and aspirations of our end
end
users across our focus geography of Mumbai and nearby areas

Profitbeforetax

2728.89

1062.91

1,264.87

1,122.09

(11.06)

PAT

1831.34

682.01

788.62

766.53

(82.34)

Land forms an integral part of our business and we follow a balanced approach for
securing land bank through a combination of owned land, joint development and JVs

Networth

8525.94

6669.23

6,685.12

5,976.15

5,270.96

NetDebt

896.47

1436.59

1,080.79

636.76

(764.33)

PDL is listed on BSE (Scrip code: 523628)

9697.65

8182.58

6,240.03

1,844.36

2,141.91

As of December 31, 2014, we have completed development of 3 projects totaling

1.05 million sq.ft. in Saleable Area, with 4 ongoing projects of 1.18 million sq.ft, and
pipeline of 7 projects expected to translate into 7.22 million sq.ft. in Saleable Area

NetCurrentAssets

Projectssummary
Projects

Projectsmix(saleablearea)
Status

Land Bank

Location

Samruddhi Complex
SamruddhiComplex

Completed

Bhivpuri

Karjat Raigad
Karjat,Raigad

PoddarEvergreens PhaseI

Completed

Mohili

Kalyan,Thane

PoddarEvergreens PhaseII

Completed

Atgaon

TalukaShahpur,Thane

PoddarEvergreens PhaseIII

Ongoing

Badlapur

Badlapur(East)

PoddarEvergreens PhaseIV

Ongoing

Vasai

Vasai

PoddarNavjeevan PhaseI

Ongoing

Vidyavihar

Vidyavihar

PoddarAspire

Ongoing

Goregaon

Sonawala Complex

3.6%
17.4%
11.1%
76.3% 9.45million

12.1%

2.24million
sq.ft

sq.ft

12.5%
67.0%

Developed

Ongoing

Upcoming

EWS

LIG

MIG

Note:NetDebt=TotalDebt Cash&cashequivalents;NetcurrentAssets Totalcurrentassets(excludingcash&cashequivalents) Totalcurrentliabilities(excludingshorttermdebtandcurrentmaturitiesof

longtermdebt)

12

Retail

Ourkeystrengthsanddifferentiators

Understandingtherequirementsofend
usersanddesignaprojecttofulfillthem
dd i
j t t f lfill th

Experiencedanddedicated
managementteam

StrongpresenceinMumbaiand
itsnearbyareas

Experienceinlandacquisition&
Experience
in land acquisition &
growththroughJDAs

Strongbrandandreputation

Lowleverageandconservative
Low
leverage and conservative
liquiditymanagement

Provenexecutionandproject
Proven
execution and project
managementskills

Strongprojectpipelineprovidingnear
termcashflowvisibility

13

Understandingcustomerneeds

Affordability

Commute

Aspirations

Financing

Layout options starting from

1RK with Carpet Area of <300
sq.ft. which enables us to
offer
ff residential
id i l units
i under
d
INR15.00 lacs

Focus on areas within

100kms of Mumbai city

Our flats across various

projects offer a combination
of inflat amenities such as
concealed
l d
electrical
l
i l
wiring, plumbing, instant
geysers etc.

Project
approvals
from
multiple banks and financial
institutions
catering
to
di
diverse
needs
d
off our
customers

Site selection gguided byy

connectivity
especially
distance from Mumbai local
train network

External amenities include

wide range of amenities such
as
childrens
hild
play
l
area,
school,
amenity
hall, etc

In certain projects we also

g
shuttle service
offer regular
to nearest local railway
station

If requested, we introduce
our customers to such banks/
financial institutions

Wehaveanindepthunderstandingofwhatourcustomerslookforinaresidentialunit

14

StrongpresenceinMumbaianditsnearbyareas

Overthelast6yearswehavebuiltapipelineofprojectsacrossmultipleareasinandaroundMumbai

Atgaon

SA:1,427,000sq.ft
LA:11.30acres

SA:242,640sq.ft
LA:3.23acres

SA:2,768,000sq.ft
LA:22.14acres

SA:453,191sq.ft
LA:3.70acres

Phase1
SA:246,350sq.ft
LA:5.83acres
OtherPhases
SA:2,082,900sq.ft
LA:28.46acres

Vasai

M hili
Mohili
Teesgaon

SA:260,750sq.ft.
LA:2.68acres

Badlapur

Goregoan

SA:178,000sq.ft
SA:
178 000 sq ft
LA:1.46 acres

Vidyavihar

SA:63,300sq.ft
LA:0.86acres

Bhivpuri

Badlapur

Bhi p ri
Bhivpuri

Completed
Launched
Upcoming

SA:SaleableArea
LA:LandArea
Note:FiguresonsaleableareaandeconomicinterestforVidyavihararetentative
15

Phase1
SA:262,429sq.ft
LA:Part/24.99acres

Phase2
SA: 309,207sq.ft
LA:Part/24.99acres

Phase3
SA:378,632sq.ft
LA:Part/24.99acres

Phase4
SA:297,609sq.ft
LA:Part/24.99acres

Allphases
SA:481,332sq.ft
LA:8.84acres

Provenexperienceinlandacquisition&growththroughJDAs

Completedandongoingprojects
ProjectName

Businessmodel

LandCost/per saleablesq.ft

%Economic interest

Samruddhi Complex
SamruddhiComplex

Ownership

63.51

100.00%

PoddarEvergreens PhaseI

Ownership

86.92

100.00%

PoddarEvergreens PhaseII

Ownership

86.87

100.00%

PoddarEvergreens PhaseIII

Ownership

86.79

100.00%

PoddarEvergreens PhaseIV

Ownership

98.55

100.00%

PoddarNavjeevan PhaseI

JointDevelopment

NotApplicable

79.35%

PoddarAspire

JointDevelopment

NotApplicable

83.33%

TotalSaleableArea(sq.ft.)
22.7%
2.24million
sq.ft
77.3%
LandBank

JDA/JV

LandBank
ProjectName

Businessmodel

Bhivpuri

JointDevelopment1

Mohili

Ownership

Atgaon

JointDevelopment

Badlapur

Ownership

Vasai

JointVenture

Vidyavihar *

JointDevelopment

Goregaon

Ownership&JointDevelopment

%Economic interest

TotalSaleableArea(sq.ft.)

98.00%
100.00%
79.35%
100.00%

7.22million 43.8%
sq.ft
56.2%

50.00%
91.57%2
100.00%2

LandBank

JDA/JV

WehaveenteredintoJointDevelopmentAgreementwithMr.JinendraNahar,anemployeeofthecompany,whoownsthetitletotheland
We
have entered into Joint Development Agreement with Mr Jinendra Nahar an employee of the company who owns the title to the land
TheEconomicinterestisderivedafterdeductionofnonsaleableareasforSRAandindustrialinhabitantsanddeductionofanadditional16,000sq.ft.fromsaleableareaforGoregaonlandparceltoold
partners
*FiguresonsaleableareaandeconomicinterestforVidyavihararetentative
2

16

Provenexecutionandprojectmanagementskills
Efficientprojectmanagementskills

Demonstratedabilitytoobtainvariousregulatoryapprovalsinatimelymanner

Preliminary budgeting supported by continuous tracking and monthly monitoring

Preliminarybudgetingsupportedbycontinuoustrackingandmonthlymonitoring

Relationshipswithwiderangeofsubcontractorsandotherthirdpartieswhichhelpsthecompanymanagementfocusoncore
competences

Effectivematerialmanagement,wastemanagement,safetyandqualitycontrol

Marketingandsalescloselylinkedwithconstructionscheduleandcustomersatisfactionthroughdedicatedcustomercarecenters

Minimizebudgetandtimelineoverrunswhiledeliveringcustomersatisfaction

17

Strongprojectpipelineprovidingneartermcashflowvisibility

Strongprojectpipelineandinventoryavailableforsale

Projects

Location

Completed/
Expectedyearof
Completion

PoddarEvergreens II

Badlapur

Dec14

100.00%

309,207

214,904

627

94%

PoddarEvergreens III

Badlapur

Sep15

100.00%

378,632

262,891

744

65%

Poddar Evergreens IV
PoddarEvergreens

Badlapur
Badlapur

Mar17

100.00%

297,609
,

205,290
,

456

6%

PoddarNavjeevan I

Atgaon,Shahpur,Thane

Dec15

79.35%

246,350

172,106

576

58%

PoddarAspire

Teesgaon,Kalyan

Mar17

83.33%

260,750

160,798

364

<5%

1,492,548

1,015,989

2,767

Economic
Interest

Saleablearea
(
(sq.ft.)
)

CarpetArea
(
(sq.ft.)
)

Total
Note:1AllfiguresareformonthendingDecember31,2014

18

%Saleable
No.ofunits AreaSold1

Lowleverageandconservativeliquiditymanagement

Lowleverage
Particulars(inINRLacs)

9monthsendedDecember31,2014

FiscalYear2014

Securedloans

686.89

1,792.36

Unsecuredloans

312.00

225.00

998.89

2,017.36

Securedloans

0.00

0.00

Unsecuredloans

0.00

0.00

0.00

0.00

431.40

431.08

1,430.29

2,448.44

Longterm
Long
termBorrowings:
Borrowings:

TotalLongtermBorrowings(A)
Short term Borrowings:
ShorttermBorrowings:

TotalShorttermBorrowings(B)
CurrentMaturitiesofLongtermBorrowings(C)
f
( )
Total(A)+(B)+(C) =(D)
Cashandcashequivalents

1,367.65

NetWorth

6,685.12

Ourmanagementisfocusedoncashflowgenerationandthuswetrytocompleteconstructionendtoendin35years

19

Strongbrandandreputation

WehaveestablishedareputablebrandintheaffordablerealestatemarketinareasnearMumbai
Over the last 6 years we have established a reputable brand name in the
affordable real estate market in areas near Mumbai; our brand strength is
anchored in

value proposition perceived by our customers

high quality execution of our projects

Our strong and recognizable brand helps us through:

increased customer confidence in our projects which influences our

customers' buying decisions

willingness of land owners to associate with us in joint development

projects

Our Company has been awarded the Most Promising brand in the
category of real estate by World Consulting and Research Corporation
(WCRC), Process Advisors & Evaluators Ernst & Young, for the year 2014

20

Experiencedanddedicatedmanagementteam
DipakKumar
Poddar
ExecutiveChairman
(wholetime
Director)

RohitashwaPoddar
ManagingDirector

Dipak Kumar Poddar is an Executive Chairman (Wholetime director) of the Company. He has been associated with our Company since
1986

He holds a masters degree in Mechanical Engineering from Massachusetts Institute of Technology, USA

He has experience of about four decades in real estate, finance, automobiles, garment exports, precision engineering and other areas

In the past, he has served as the Managing Director of Bajaj Auto Finance Ltd.

He is on the board of companies such as VIP Industries Limited, Bajaj Allianz General Insurance Company Limited and Bajaj Finserve Limited
amongst others

Rohitashwa Poddar is the Managing Director of the Company and has been associated with the Company since 1995

He holds BSc. (Hons.) degree in Engineering and Business Management from Kings College, UK

He has over 20 years of work experience in manufacturing, financial services and real estate

He holds directorship in other companies such as Poddar Natural Resources and Ores Ltd, Poddar Bhumi Holdings Ltd and Poddar Heavens
Home Ltd amongst others

OmprakashBhutada

JinendraNahar

President&ChiefFinancial
Officer

SeniorGeneralManager Land
Procurement

Sr.GeneralManagerFinance

VimalDhoot

VishwajeetPatki

AmlaSingh

SeniorGeneralManager
Senior
General Manager
Commercial

SeniorGeneralManager
Senior
General Manager
Marketing

HeadofDepartment
Head
of Department
Construction

ChandrakantGhanekar

21

PradeepSharma
SeniorGeneralManager
Purchase

ChandrakantSharma
CompanySecretary

NonexecutiveBoardmembers

RamakantNayak

DilipThakkar

IndependentNonexecutiveDirector

AdditionalNonexecutiveDirector

R
Ramakant
k t Nayak
N k is
i an Independent
I d
d t Nonexecutive
N
ti director
di t off our Company
C
and is an associate member of The Indian Institute of Bankers with more than
three decades of experience as a commercial banker in the financial services
industry

Dilip Thakkar is an Additional Nonexecutive director of our Company and is a

is a qualified practicing Chartered Accountant since 1961
He is the senior partner at M/s Jayantilal Thakkar & Associates and has been
the President of Bombay Chartered Accountants Society in the past

He holds a Bachelors degree in Science from Karnatak University, a Bachelors

degree in Law from University of Mumbai and a Diploma in Marketing and
Advertising from Rajendra Prasad College of Mass Communications & Media

He has more than 50 years of work experience and specializes in Foreign

Exchange Management Act, 1999 and international taxation

He has been associated with our Company since 2011

He has been associated with our Company since 1993

He also holds directorship in Sun Capital Advisory Services Private Ltd, Nitin
Fire Protection Industries Ltd. and Sunteck Realtyy Ltd amongst
g others

He is also on the board of companies such as Panasonic Energy India Ltd.,

Essar Oil Ltd. and The Ruby Mills Limited amongst others

ShrikantTembey

SangeetaPurushottam

IndependentNonexecutiveDirector

AdditionalIndependentNonexecutiveWomanDirector
Sangeeta Purushottam is an Additional Independent Nonexecutive woman
director of our Company and has been associated with us since 2014
She holds Bachelors degree in Arts from University of Delhi and has a Post
graduate Diploma in Management from IIM, Ahmedabad

Shrikant Tembey is an Independent Nonexecutive

Non executive director of our Company

She
h has
h experience off 28 years in the
h field
f ld off financial
f
l services such
h as
institutional equities, index business, investment banking and fund raising in
companies both in India and abroad. She has successfully handled
responsibilities in startups and is also exposed to sectors such as FMCG,
media, auto and pharmaceuticals

He is a qualified Chartered Accountant from ICAI and a partner of Tembey &

Mhatre, Chartered Accountants
He has been associated with our Company since 2005 and has over 30 years
of work experience in finance and taxation

She also holds directorships in Kamani Oil Industries and Cogito Advisors LLP

22

ProjectsOverview

23

ProjectsSummary
Snapshotofprojects

LandArea
(acres)

Saleable
area(sq.
ft.)3

Carpet
Area(sq.
ft.)

Location

Launch
Yearof Economic Dev.
1
Date Completion
Interest Entity

Bhivpuri

Apr10

Apr14

100.00% PDL

8.84

481,332

351,655

1,309

98% OC

Handedover

PoddarEvergreens I Badlapur

Apr11

Aug13

100.00% PDL

Partof24.99

262,429

182,568

492

99% OC

Handedover

Badlapur

Mar12

Dec14

100.00% PDL

Partof24.99

309,207

214,904

627

94% OC.

Handedover

P dd E
PoddarEvergreens
III Badlapur

Aug 13
Aug13

Sep 15
Sep15

100 00% PDL

100.00%

Part of 24 99
Partof24.99

378 632
378,632

262 891
262,891

744

64% IOD/CC

Under Construction
UnderConstruction

PoddarEvergreens IV Badlapur

Sep 14

Mar17

100.00% PDL

Partof24.99

297,609

205,290

456

6% IOD/CC

UnderConstruction

Projects
SamruddhiComplex

PoddarEvergreens II

No.of %Area Statusof

units
Sold Approvals

CurrentStatus

PoddarNavjeevan I

Atgaon

Feb13

Dec15

79.35% PHPL

5.83

246,350

172,106

576

58% NA/IOD/CC

UnderConstruction

PoddarAspire

Teesgaon

Nov14

Mar17

83.33% PDL

2.68

260,750

160,798

364

<5% IOD/CCinprocess

UnderConstruction

BhivpuriExtension

Bhivpuri

Jan16

Jun17

98.00% PDL

0.86

63,300

45,200

TBD

Nil NAapplication

Tobestarted

Mohili

Kalyan

Apr15

Mar18

100.00% PDL

3.23

242,640

155,688

TBD

Nil Planningstage

Tobestarted

Atgaon(Poddar
NavjeevanII VI)

Shahpur

Jun15

Jun21

Tobestarted

BadlapurExt.

Badlapur

Jan16

Dec23

Vasai

Vasai

Apr15

Mar20

50.00% VPHPL

Goregaon
g

Mumbai

Jun15

Dec18

100.00% SSD/PDL

Vidyavihar*

Mumbai

Apr15

Mar18

Total

79.35% PHPL
100.00% PDL

91.57% PDL

28.46 2,082,900

1,487,800

TBD

GramPanchayat
Nil NOC

22.14 2,768,000

1,977,000

TBD

Layout&Plan
Nil approved2

Tobestarted

11.30 1,427,000

TBD

TBD

Nil Landaggregation

Tobestarted

3.70

453,1914

TBD

TBD

Nil Index2 SRA

Tobestarted

1.46

178,000

TBD

TBD

Nil UnderProcess

Tobestarted

113.49 9,451,340

Note:AllfiguresasonDecember31,2014;TBD Tobedecided;NAstandsforNonAgricultural;VPHPL VivaPoddarHousingPrivateLimited;SSD M/sShivShaktiDevelopers;

*FiguresforSaleableArea andeconomicinterestforVidyavihararetentative
1LaunchdaterepresentsSoftlaunchofthevariousprojects
Launch date represents Soft launch of the various projects
2 18.38acresisNonAgriculturalland,BalanceconversionintoNAisinprocess
3IncudesTransferableDevelopmentRights/fungibilitywhereapplicable
4 ExcludesnonsaleableareaforSRAandIndustrialportionandanadditional16,000sq.ft.tobegiven tooldpartners

24

SamruddhiComplex
ProjectBrief&Locationmap

Projectsnapshot

StrategicallylocatedonmainKarjatKalyanHighway,95kmsfromMumbaiviaShedungexiton
MumbaiPuneExpressway

LandArea

8.84acres

SaleableArea/Carpet Area(sq.ft.)

481,332/ 351,655

DistancefromNeralis6kmsandKarjatis5kms

Launch Date/Completiondate

April2010/April2014

ProposedairportatNaviMumbaijust40kmsaway,Lessthan1kmfromBhivpuristationof
CentralRailwaylocallines

No.ofResidentialBlocks/Units

79Blocks,1,264Apartments

TypeofUnits

G+3 (1RK&1BHK)

Commercial space

1 block, 45 shops
1block,45shops

ConstructionStatus

100%Complete

% AreaSold

98%,(29shopsunsold)

Status

HandedovertoCustomers,OCReceived

Specifications & Amenities

Specifications&Amenities

WelldesignedearthquakeproofRCC
Construction

Sufficientdrinkingwatersupply

Sanctionedseparatewaterandelectric
connectionsforproject
ti
f
j t

7,500sq.ft.Amenityhall/Indoorgames
hall/CommunityHall

Lowmaintenancecost

ShoppingArcadeatentrance

24/7 security & facility management

24/7security&facilitymanagement

Photos

Layout
1RK
SA:300sq.ft
CA:219sq.ft

1BHK
SA:400sq.ft
q
CA:295sq.ft

Source:Company
Note:AllfiguresasonNovember30,2014
SA SaleableArea;CA CarpetArea
25

PoddarEvergreens
ProjectBrief&Locationmap

CurrentstatusofProjects

StrategicallylocatednearThane; GoodconnectivitywithNaviMumbai;35minsfromI.T.Park
MHAPA

DistancefromThanerailwaystation35mins;DadarRailwaystation
Distance
from Thane railway station 35 mins; Dadar Railway station 1hour;3kmsfrom
1hour; 3kms from
BadlapurRailwaystation

SixlaneroadwideningworkbetweenKalyanAmbernathcompletedbyMMRDA;WIP
betweenAmbernathBadlapur Karjat

PhaseI
LandArea

PhaseIV

SaleableArea

262,429

309,207

378,632

297,609

CarpetArea

182,568

214,904

262,891

205,290

Apr11/Aug13

Mar12/Dec14

Aug13/Sep15

Sep14/Mar17

32/468
32/468

39/582
39/582

46/692
46/692

30/400
30/400

1RK, 1,3BHK 1RK,1,2,3BHK

1,2,3BHK

No. of Blocks/Units
No.ofBlocks/Units
TypeofUnits

1RK, 1,2,3BHK

Commercialspace
ConstructionStatus
%A
%AreaSold
S ld
Status

Photos

PhaseIII

24.99acres

Launch/Completion

Specifications&Amenities

PhaseII

24

45

52

56

100%

100%

Infra &Const

Yettostart

99%

93%

62%

5%

OC recd Const.Started

IOD/CC

OC recd

Layout

BusservicebetweenBadlapurstationand
complex

ProposedPoddarSchool&hospital

AverageSA:751768sq.ft.

WelldesignedearthquakeproofRCC
Construction

AverageCA:525536sq.ft.

Ampledrinkingwatersupplysanctionedand
Ample
drinking water supply sanctioned and
commissionedforthesite

24/7security&facilitymanagement

Ampleparkingspacefor2&4wheelers

2x2Vitrifiedfloortiles&brandedSanitary
ware

ClubHousewithswimmingpoolandindoor
gamesandoutdoorgamesfacilities

2BHK

3BHK
1BHK
AverageSA:491521sq.ft
AverageCA:343365sq.ft

Source:Company
Note:AllfiguresasonNovember30,2014
SA SaleableArea;CA CarpetArea
26

Avg.SA:1,0071,012sq.ft.
g
707sq.ft.
q
Avg.CA:703

PoddarNavjeevan Phase1
ProjectBrief&Locationmap

CurrentstatusofProject

NationalHighway3isdirectlyconnectedtotheprojectthroughaserviceroad,1minutedrive

LandArea

StrategicallylocatednearAsangaonandAtgaonrailwaystation,withregularbusservices

SaleableArea/Carpet Area(sq.ft.)

DistancefromAtgaonrailwaystation1km

Launch Date/Completiondate

5.83acres
246,350/ 172,106
Feb2013/Dec2015

No.ofBlocks/Units

36Blocks,576Apartments

TypeofUnits

G+3 (1RK&1BHK)

Commercial space

NA

ConstructionStatus

InfrastructureDev,Constructionstarted

% AreaSold

57%,(243unitsunsold)

Status

Specifications&Amenities

Busservicebetweenstationandcomplex

WelldesignedearthquakeproofRCC
Construction

Sufficientdrinkingwatersupply

Separatewaterandelectricconnectionsfor
project

24/7security&facilitymanagement

Proposedschool

Clubhouse,withgymnasium,indoorgames
andMultipurposeHall

SkatingRink,Basketball,Football,Badminton,
Cricketplayarea

Photos

IOD, CCReceived

Layout
1RK
AverageSA:346sq.ft
AverageCA:241sq.ft.

1BHK
AverageSA:474sq.ft
AverageCA:331sq.ft

Source:Company
Note:AllfiguresasonNovember30,2014
SA SaleableArea;CA CarpetArea
27

PoddarAspire
ProjectBrief&Locationmap

CurrentstatusofProject

StrategicallylocatedinKalyan,only2kmsfromtherailwaystation

LandArea

Wellconnectedtometro,schoolsandhospitals

SaleableArea/Carpet Area(sq.ft.)

2.68acres
260,750/160,798

Launch Date/Completiondate

Oct2014/Mar2017

No.ofBlocks/Units
TypeofUnits

4Blocks,364Apartments
Stilt+21,Stilt+19,Stilt+17,Stilt+6/(1BHK,1.5BHK)

Commercial
Co
e c a space

NA

ConstructionStatus

Not started

% AreaSold

<5%

Status

Specifications&Amenities

BusservicefromKalyanrailwaystation

Videodoorphonewithintercomfacility

InflatamenitiesincludesplitAC&French
windowinmasterbedroom

Highendautomaticlift

Clubhouse&cafeteria

Carrom&Chessroom,Gymnasium&Yoga
Center

N
NanaNanipark,Childrensplayarea
N i
k Child l

CCcamerasurveillanceinthecomplex

Ampleparkingspace

Photos

IOD/CCinprocess

Layout
1BHK
AverageSA:697sq.ft
AverageCA:428sq.ft.

1.5BHK
AverageSA:794sq.ft
AverageCA:499sq.ft.

Source:Company
Note:AllfiguresasonNovember30,2014
SA SaleableArea;CA CarpetArea
28

Summaryfinancials

29

Financialshighlights BalanceSheet
AsatDec31

AsatMarch 31,

Particulars(INRlacs)

2014

2013

2014

2013

Shareholdersfunds

8,525.94

6,669.23

6,685.12

5,976.15

998.89

2,166.85

2,017.36

1,122.58

Noncurrentliabilities
Longtermborrowings
Deferred tax liabilities (Net)
Deferredtaxliabilities(Net)

0 00
0.00

0 00
0.00

4 77
4.77

7 94
7.94

OtherLongtermliabilities

43.52

0.00

10.57

0.00

Longtermprovisions

231.72

81.07

31.33

78.71

Currentliabilities
Shorttermborrowings

0.00

4.31

0.00

2,250.00

513.51
3

2 28
272.85

296 6
296.67

457.70
0

Othercurrentliabilities

9,979.99

10,375.78

12,093.35

9,835.47

Shorttermprovisions

184.73

545.38

211.64

142.19

20478.30

20,115.47

21,350.81

19,870.74

347.79

433.02

427.37

472.71

5.48

4.04

3.56

4.02

Tradepayables
d
bl

Total Equityandliabilities
Noncurrentassets
Fixedassets
Tangibleassets
Otherfixed assets
CapitalWorkinProgress

401.57

0.00

0.00

0.00

0.39

0.39

0.39

0.39

Noncurrentinvestments

312.31

324.27

348.35

343.16

Deferredtaxassets(Net)

11.87

1.30

0.00

0.00

Longtermloansandadvances

964.30

4,891.24

792.88

4,034.93

Current investments
Currentinvestments

2 082 44
2,082.44

591 16
591.16

322 22
322.22

0 00
0.00

Inventories

15,275.23

11,881.97

17,672.57

11,593.53

311.47

198.26

147.81

117.76

Cashandcashequivalents

533.82

1,164.04

1367.65

2,772.06

Shorttermloansandadvances

229.12

625.78

265.50

532.18

2 51
2.51

0 00
0.00

2 51
2.51

0 00
0.00

20,478.30

20,115.47

21,350.81

19,870.74

Goodwill(asperAS21onConsolidation)

Currentassets

Tradereceivables

Oth
Othercurrentassets(shareinjointventure)
t
t (h
i j i t
t )
Total Assets

30

Financialshighlights Profit&Loss
Q3

9monthsYTD

12months

Particulars(INR Lacs)

FY2015

FY2014

FY2015

FY2014

FY2014

Revenuefromoperations

3,304.52

2829.29

10,645.21

6,293.36

6,816.27

32.56

21.44

101.67

77.33

102.65

3,337.08

2,850.73

10,746.88

6,370.69

6,918.92

Costofconstruction

1393.63

1,745.32

4,905.21

4,854.83

6,841.32

PurchaseforResale

(Increase)/Decreaseinstock

1025.85

619.11

2,399.74

(5.44)

(1,890.45)

Employeebenefitexpenses

102.40

79.19

273.89

216.59

296.13

Financecosts

1.25

1.34

4.00

3.84

5.49

DepreciationandAmortisationexpenses

19.21

11.59

71.64

41.77

57.55

Otherexpenses

182.00

80.60

390.14

204.41

349.84

2,724.34

2,537.15

8,044.83

5,316.00

5,659.88

612.74

313.58

2,702.05

1,054.69

1,259.04

3.34

12.28

26.84

8.22

5.83

616.08

325.86

2728.89

1,062.91

1,264.87

Currenttax

(195.75)

(110.91)

(915.75)

(390.91)

(481.43)

Deferredtax

4.45

0.11

16.64

9.24

3.17

(191.30)

(110.80)

(899.11)

(381.67)

(478.26)

0.18

0.04

1.56

0.77

2.01

424.96

215.10

1,831.34

682.01

788.62

Otherincome
TotalRevenue(I)
Expenses:

Totalexpenses(II)
Profitbeforeexceptionalandextraordinaryitemsandtax(III=III)
Exceptionalitems(IV)
Profitbeforetax(V=III IV)
Taxexpenses:

Nettaxexpense(VI)
MinorityInterest(VII)
Profit/(Loss)fortheyear(VIII=V+VI+VII)

31

Ourgrowthstrategy

32

OurStrategy

Growour
businessacross
affordable
housingand
valuesegments
l
Continuetoexpandour
LandBankthrougha
combinationof
ownership,joint
developmentandjoint
venturemodels

Focusoncashflow
generation

Continuedfocuson
developingprojectsinand
aroundMumbai

Continuetostrengthen
relationshipswithkey
serviceproviders

33

Annexure

34

OurCorporateStructure
Corporateentitystructure
CorporateStructure
Subsidiaries,JointVenturesandPartnerships
PoddarDevelopers
Limited
100%

100%

PoddarInfrastructure
Pvt.Ltd.1

99%
NavNirmanAgro4

97%

100%

PoddarHabitatPvt.Ltd.1

3%

ShivShaktiDevelopers

PoddarLeisure
InfrastructurePvt.Ltd.1

50%

100%
PoddarNatural
Resources&OresLtd.1

90%
PoddarHousingFZC,
Sharjah2

50%
VivaPoddarHousing
Pvt.Ltd3

OrganicallyLLC,USA5

ForeignSubsidiary
Subsidiaries
PartnershipsandLLC
JointVenture

FewsharesareheldonbehalfoftheCompanybynominee
ForeignSubsidiarypreviouslynamedWearologyLimitedFZC
g
yp
y
gy
3 JointVenturebetweenPoddarDevelopers(50%)&VivaHoldings,VivaVikasRealtors,togetherholding50%
4 Balance1%heldbyindviduals
5 Balance50%heldbyMJIRinc.,US
2

35

Projectdetails
Completedprojects

Projects

LandArea
(acres)

Location

Type

Saleablearea Carpet Area

(sq.ft.)
(sq.ft.)

No.of No.of
Blocks
units

Retail 1RK
units

1BHK 1.5BHK 2BHK

3BHK
Inventory

SamruddhiComplex

Bhivpuri

8.84 OwnLand

481,332

351,655

80

1,309

45

400

864

Nil

Nil

Nil 29(Retail)

PoddarEvergreens I

Badlapur

Partof24.99 OwnLand

262,429

182,568

32

492

24

80

272

Nil

92

24 5(Retail)

PoddarEvergreens II

Badlapur

Partof24.99 OwnLand

309,207

214,904

29

627

45

80

484

Nil

Nil

18

1,052,968

749,127

151

2,428

114

560 1,620

Nil

92

42

Total

20(Residential);
26(Retail)

Ongoingprojects

Projects

Location

LandArea
(acres)

Saleable
Type area(sq.ft.)

Beneficial
Saleablearea Carpet Area No.of
(sq.ft.)
(sq.ft.) Blocks

No.of Retail
units units 1RK 1BHK

1.5BHK 2BHK

3BHK Inventory

Poddar
Evergreens III

Badlapur

Partof
24.99

Own
Land

378,632

378,632

262,891

46

744

52

64

584

Nil

32

12

229(Residential);
40(Retail)

P dd
Poddar
Evergreens IV

Badlapur

Partof
Part
of
24.99

Own
Own
Land

297,609

297,609

205,290

30

456

56

Nil

172

Nil

192

36

382(Residential);56
382(Residential);
56
(Retail)

Poddar
Navjeevan I

Atgaon

5.83

JDA

246,350

195,479

172,106

36

576

Nil

208

368

Nil

Nil

Nil 243(Residential);

PoddarAspire

Teesgaon

2.68

JDA

260,750

217,283

160,798

364

Nil

Nil

292

72

Nil

Nil 355(Residential);

1,183,341

1,089,003

801,084

116

2,140

108

272 1,416

72

224

Total
Note:AllnumbersareasonNovember30,2014

36

48

LandBank Upcomingprojects
LandBank Upcomingprojects
Location

DevelopmentType

EconomicInterest

LandArea(acres)

EstimatedSaleable
area(sq.ft.)

EstimatedCarpet
Area(sq.ft.)

BeneficialSaleable
Area(sq.ft.)

BhivpuriExtension

Bhivpuri

JDA

98.00%

0.86

63,300

45,200

62,034

Atgaon(Poddar
NavjeevanII VI)

Shahpur

JDA

79.35%

28.46

2,082,900

1,487,800

1,652,781

Vidyavihar*

Mumbai

JDA

91.57%

1.46

178,000

TBD

163,000

Vasai

Vasai

JV

50 00%
50.00%

11 30
11.30

1 427 000
1,427,000

TBD

713 500
713,500

Goregaon SRA

Mumbai

JDA

100.00%

3.70

303,360

TBD

303,360

Goregaon Industrial Mumbai

Own Land

100.00%

3.70

149,827

TBD

149,827

Projects

Mohili

Kalyan

Own Land

100.00%

3.23

242,640

155,688

242,640

BadlapurLand Bank

Badlapur

Own Land

100.00%

22.14

2,768,000

1,977,000

2,768,000

71.15

7,215,031

Total
Note:AllnumbersareasonNovember30,2014
*FiguresonsaleableareaandeconomicinterestforVidyavihar aretentative

37

6,055,142

Thank you!!
Thankyou!!

38