24 Mar 2005
Times of India - Bangalore

Indus Homes MD, Mr Bhavdeep (Bobby) Reddy on his views and perspectives on the state of Real-estate in Bangalore city.

What is the USP of Indus Group?

The USP of Indus group is to create intelligent and innovative community and living spaces, that are unique and creative in nature. We cater to a niche segment of people with a creative bend, who want a living space which suits their tastes and do not compromise. We find this an interesting opportunity, and have positioned ourselves to cater to this market, which is very challenging and profitable than the run of the mill construction.

What is your personal goal in the scheme of things?

As the Managing Director and CEO of the group, my primary goal is to steer Indus Group to a successful business by always keeping up our primary focus on creativity and innovation in every of our endeavours. I have found it very tough to do this, as you can't manufacture ideas out of the blue on a day to day basis. But that's where the challenge lies and it is a very satisfying experience. All the projects we take up will have a speciality in them. So, if at the end of ten years, if Indus Group has about 20 such creations, I would consider it to be a personal success.

Why do you think people are looking for an innovative living space? Isn't it obvious?

You have unlimited options in consumables, durables, automotive, leisure, even health care. Everybody wishes to own something unique, something new, something which would suit their personality. And housing being a once in a lifetime investment and a very personal issue, makes it even more valuable to have a creative feature in it. It gives a sense of satisfaction to live in them, will be a pride factor and also increases the investment value manifold. What has been Indus Group's recent success story? We launched Indus Signature, a very unique lifestyle apartment, in August 2004, and sold it out just in a month. Indus Signature is a two faced apartment - with a contemporary, sharp and vibrant elevation on one side, and an ultra-classic, smooth featured elevation on the other. This is the first of its kind in India. With contrasting styled elevations on either side, Indus Signature appealed to varying tastes of individuals in the same family. It was conceptualised by us, and Jurong Consultants, Singapore based architects gave a wonderful form to it. It is currently in the verge of getting filled up with only a few apartments remainig.

What is in the pipeline?

A couple of them have already been initiated with completion expected in 2006-2007.

Indus Yantra - a 150 unit apartment in Whitefield Bangalore, being built in the shape of an Yantra, which is a perfectly balanced form. Very innovative form, very creative elevation, Vasstu compliant, and affordable too. We have disclosed this concept in a low-key communications and people are already calling us to find out more. The project will be launched in July 2005.

Indus Varna - a 350 unit apartment in JP Nagar, Bangalore, which will be a riot of colours, both on the exterior and the interiors. With a design which is innovative in the sense that three of the four sides of the apartments will have ample ventilation and lighting, and instead of 2-3 small sized balconies, we intend to aggregate it into a large balcony where one can indulge in a party or a family gathering etc. Located in the prime locality of JP Nagar, on Bannerghatta road, Indus Varna will also have a 1.75 acre of open space for sports and recreation. Bookings will be open in May2005.

Indus Halcyon Estate - a stylish cluster of British styled villas, built amidst thick greenery, with trees hundreds of years old. This property is jointly developed by an old English couple who have stayed back after the colonial British empire left India, and Indus Group. The villas are exclusively designed by eminent British architects who will be flown in for the task. The compound has a beautiful natural pond, lots of huge trees and shrubs, and home to a plethora of exotic migrating birds. The villas will be intelligently constructed without disturbing the natural landscape, and we are looking at offering this selectively to people who have good taste and a liking for colonial British environment.

A Mega Shopping Mall is in the drawing board stage. It is coming up right on Bannerghatta road in the prime locality of JP Nagar. It will relieve the need to go to a few shopping malls which are located in other distant parts of the city in the heavy traffic conditions.

Do you have people who are specifically hired for generating new ideas and innovations?

That's my primary task. Managing the company is second in the line. I'm a creator at heart and Indus Group lets me dabble with these ideas and bring them to life. Without taking all the credit myself, I'm surrounded by friends and individuals who are of the same character and that helps me keep my creative spirits high. And whenever there is an external contribution, it is rewarded handsomely. And I'm open to ideas from any corner of my company (employees, partners, associates, even friends).

Where do you get inspiration from?

Anywhere. No specific thing. Every day objects that are creative and are worth adapting to my core activity. I also travel a lot. The various social and cultural formats around the world have inspired me. Children and their imagination inspires me. So it's not where I get inspiration from, but how hard I seek to identify a great idea that gives me satisfaction after I see it take shape.

Based in Bangalore, what are your plans from an IT perspective?

We are coming up with new age IT parks, which will be bigger and better facilities than what Bangalore has seen till date. In fact we would like to call them IT Gardens for the sole reason that it would be totally a Green design concept. The facilities will be totally environment friendly, and totally self contained with all ultra modern amenities. The work spaces are designed to improve performance of the employees and reduce stress levels where they work for long hours. We have studied in detail,the shortcomings of a few popular IT parks and have rectified these flaws in our designs.

These will be strategically located at easily accessible locations in Bangalore. These IT gardens will be surrounded by residential complexes making it easier for employees to stay close to work and avoid travelling long distance in a cramped traffic.

One last word. Where is Indus Group heading?

While hoards of builders will build the new body of Bangalore, we have taken up the onus of creating jewels for the city, and a selective set of people will have the pride of owning them. Now that the Government has given green signal for FDI, we foresee a lot of international investors willing to invest in us for our market positioning and our experience. It will definitely be a rosy opportunity for some intelligent investment and we are in the process of inviting investment proposals from many reputed business houses. With Bangalore's booming economic growth, spending power of choosy Bangaloreans, we shall be a noted player in the real estate segment.