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Change at Home and Across the Shores

July 16, 2008

Ajit Gulabchand

Chairman,

Lavasa

City n a



LAVASA

Presentation by

Ajit Gulabchand

CMD – Hindustan Construction CompanyChairman – Lavasa Corporation Limited



Need for Future Cities

Lavasa – A New Beginning

Configuration and Phasing

Key Differentiators



Need for Future Cities



India - Witnessing explosive urban growth…

FY 2051 – 750

million

FY 2021 – 538

million

FY 2001 – 308

million 27

Urban clusters with population > 1 mill ioUrban population in

India

Mumbai-Pune - The largest urban cluster

With population increasing from 20 mn in 2001 to 38 mn in 2021

• Urban population set to grow from 308 million to 750

million by 2050

• Economic Migration – Agricultural population would decrease

from 65% in 2001 to 40% in 2050(Agricultural population in US fell from 70% in 1870 to 28% in

1950 and to 2% today)

• Demographic Shift – 52.3% of India’s population below the age

of 25, migrating to urban areas for employment

• Experts, like C K Prahalad, have expressed the need for

500 new cities

Source: FAO; PIB – GoI, MoUD – GoI, World Ban



Existing cities have peaked…

Existing cit ies are stretched – Future cities are needed

• Indian cities were planned for much lower

population support capacities. Hence,

• Inadequate physical & social infrastructure

• Low service quality and adequacy

• Congestion & pollution

• Long commutes

• So natural outcome

• Poor live-ability

• Expensive real estate



…and have city governance challenges!!!

Paradigm shift in city governance needed

• Most Indian cities have in-efficient civic

institutions. Hence,

• Myopic and poorly managed service delivery

• Systemic & bureaucratic delays

• Multiplicity of civic bodies

• Lack of coordination in development planning

and implementation

• Lack of accountability

• Reactive decision making.

• 73rd and 74th Constitutional amendments have not been

implemented in true spirit.



The way ahead - Sustainable Future Cities

Lavasa is a Future City

Greenfield

Development

Private

Participation

International

expertiseCity Governance

• Conceived with focus

on economic drivers

• Futuristic

infrastructure

• Environmental

sustainability

• Effective planning and

implementation

• Institutional efficiency

• Economic

sustainability

• Best-in-class

partnerships

• Learning from existing

urban centers

• Live-able

• E-Governance

• Civic voice & choice



Lavasa – A New Beginning



Lavasa – Business model for Future Cities…

Scale DensityRadical

AssociationsExtension

25000 acres

60 KM lake front

-Spread over multiple

towns

200+ mn sqft

300,000+ residents

2mn visitors

-Town centers,

Tourism, Hospitality

& Leisure,

Social & Institutional

Economic

Dynamo

-To serve the region

and the world

Business model being successfully implemented



…Reflected in development concept…

Work!

Play!

Learn!

Live!

Villas, Apartments, Hotels, Resorts Golf, Edutainment, Water sports, Theme Park

IT, R&D, Art, Fashion and Animation Boarding Schools, Colleges and Universities



…Highlighted by a 365-day economy…

LavasaInstitutional & Commercial

Retail &

offices Non polluting industry

IT / IteS Biotech Media &

Animation R&D

Hospitality

Hotels

MICESpa

&

Clubs

Social

Amenities

Educational

SchoolsHigher

Education

Professional Education

Lifelong

learning

Health

City

Residential

Multi‐family

Dwelling

Villa Renta

Housi

Tourism & Leisure

Tourist Attractio

n

Edu‐

tainmentTheme

Park

Adventure & Water

Sports



Concept & Product

Introduction

Acceptance and

Awareness Accelerated Popularity Maturity

Conceptualization

and Design

Initial Challenges and Concerns – Land Acquisition /

Regulatory, Feasibility / Brand and Concept AcceptabilityVisibility of growth trajectory; Poised for accelerated growth

…Inflexion point crossed…

Lavasa’s maturity curve is visible



…Growth driven by diversified businesses…

Diversified financial portfolio - A mix of stable & high-growth businesses

Development Asset

Ownership

Intellectual

Property

• Full Spectrum Real

Estate

• High growth & Good

margins

• Complimentary

product segments

• Dedicated cl ientele

• Economics of scale

• Significant investmentin people & processes

• Infrastructure -

Generates long-term

value & competitive

advantage

• Business Ventures -

Drives economy

• Future Cities - First

mover advantage

• Replicable –

Sustainable value driver

• Partnerships –

Advantage



Configuration and Phasing



Lavasa is made up of 18 villages…Bhode

DasveBhoiniMugaon

Dhamanhole

Gadale

Sakhari

Wadavali

MoseSaiv

Development planned on 18,000 acres – Substantial land already purchased

Lavasa is spread over 4 distinct periods…

Koloshi

Ugawali

Hill station declared over 25000 acres

Period 1

Dasve, Mugaon & Bhoini

Period 2Dhamanhole, Gadale,

Koloshi & Ugawali

Period 3Sakhari & Wadavali

Period 4Bhode, Mose & Saiv



…Where Economic drivers kick-start development

S a l e s ,

M n s q f t

Overall - 48

Mixed use, with front -loaded

economic drivers

Planned as residential and

commercial hubs

Overall - 40

Overall - 44

Overall - 69

Residential demand, driven

by economic drivers & THL

64% 19% 4% 7% 6%

(incl Education)



…& Significant Social infrastructure

~ 9 Million sq ftSocial Development

Expenditure of Rs.670 crores earmarked for TourismHooks (WOW factors)

Rs. 440 croresSocial Support

Social Support includes expenditure on Town hall, Township schools, Primary& Secondary Healthcare, Day-care Centre, Transportation Hub, Firestations, Police Stations, Parking Lots, Sports Academies, Disaster

Management Centre, Crematorium, Amenities, Parks & Gardens etc.



Key Differentiators

M lti l l t diff ti t L



Promoter capabilities

Partnerships - In Place

Accolades for planning & environmental sustainability

World-class service providers

1

2

3

4

Multiple elements differentiate Lavasa

St P t C biliti



HCC (Hindustan Construction Company) is a leading construction company that specializes in

large-scale infrastructure projects. It has a rich heritage of 80 years in civil construction and

developing new age construction technologies. It has executed a number of technically complex

and high value projects across sectors like transportation, power, marine projects, oil and gas

pipeline, irrigation and water supply, util ities and urban infrastructure.

Avantha Group is one of India's leading business conglomerates. Its successful ent ities inc lude

BILT, Crompton Greaves, Global Green, BILT Power, Solaris Chemtech, Biltech Building

Elements, and Salient Business Solutions. Led by Mr. Gautam Thapar, Avantha demonstrates

strong leadership globally and emerges as a focused corporate, leveraging its knowledge,

leadership and operations, adding lasting value for its stakeholders and investors.

Venkateshwara Hatcheries Group is the largest fully integrated poult ry group in Asia that offers

total support for poultry development under one roof.

Mr. Vinay Vithal Maniar is engaged in Real Estate business. He is a partner of Bhagavathy

Developers, a reputed builder in Pune apart from being a Partner of Tool Crib a leading firm

dealing in industrial steel and a director of Green Apples Pvt. Ltd.

Strong Promoter Capabilities

E t t d th h t hi



Ecosystem created through partnerships

Tourism , Hospitality & Leisure Health& Wellness

1500 rooms 10,000 students tied up2 million visitors Medicity

Education Corporate tie up

Work component

W ld l i id



World class service providers

Architectural

Services

Planning

Services

Business Plan &

Market Research

RANJIT SINH ASSOCIATES

Architects

HAFEEZ CONTRACTOR





Legal Advisors

Financial Partners

LITTLE & COMPANY

Business Strategy

Branding &

Marketing

ICT & GIS

Best Master plan award



Award forDasve-Lavasa

Master Plan

from :

Congress

for New Urbanism,

USA

Best Master plan award

Best Landscape Planning Award



“Beautifully documented in terms of understanding the place

and the land. Stunning, great work. . .sensitive to the regionand the world”.

- 2005 Professional Awards Jury comments

Best Landscape Planning Award



Current Status

Status Key Economic Drivers



Education :•Hotel management school – 1st batch commenced

•Residential school would commence its academic

session from 2010

•Hostel facilities for 1200 students to be ready by June2010

•Christel House – School for underprivileged to be

operational by 2010

Status – Key Economic Drivers

Hospitality :•Over 125 rooms and service suites Operational

•1000 rooms under development, to be ready by June

2011 across socio economic class.

Leisure :

•Water Sports facilities operational

•Games Arcade Operational

•Adventure Sports facility & academy operational

•Dasvino club & Kerstian Florian International Spa to be

operational by Dec 2009

•Spaceworld Edutainment Theme Park under

development




Residential :

•500 Residential units to be ready by March 2010

•Retiral Housing to be ready by 2010

•188 Rental Housing units ready. 211 additional units to

be ready by June 2010

Commercial :

•F&B outlets operational

•Dasve Convention Center to be operational 2010

•Retail Outlets under development.

•I-Dreams film studio to be operational in 2010

•Center for Art of Living to be operational in 2010

Social :• Apollo Hospital to be ready by Dec 2009

• Disaster Management Center, WTP, STP ready

Others :• Mechanical laundry facility to be operational by

Jan 2010

• Bamboosa Facility ready

• Lavasa Experience Center Ready• Townhall ready


A Vi f D T



A View of Dasve Town

Infrastructure



Infrastructure

Sewage Treatment Plant

Telecom Tower Transmission Lines

Server RoomGIS support

Water Treatment Plant

Residential



Residential

• Lakeside Apartments under development

Strong Media Buzz



Strong Media Buzz

Lavasa – A benchmark for future cities



• 300 mn to 750 mn – Increase in Indian urban population by 2050

• New cities incorporating futuristic infrastructure, development & governanceare needed – FUTURE CITIES

• Lavasa is the forerunner of the FUTURE CITIES concept in India

• Crossed the inflexion point and provides a perfect example.

Lavasa A benchmark for future cities



…And this entire process is replicable!!!

Thank YouThank You

t6.1 gulabchand decentralizing

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