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 Background
 Company Business
Management
Investment Policy
Portfolio Summary
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Ishaan Real Estate plc is a property investment company, incorporated in the Isle
of Man, which, along with its group companies (the 'Ishaan Group' or the 'Group'),
invests in Indian real estate development projects located in southern and western
India with a focus on Indian IT parks and SEZ projects, and also selectively in
other real estate assets in India including commercial, hospitality, retail and
residential development projects eligible for foreign direct investment.
Ishaan also has a very strong board comprising 6 non-executive directors with extensive
experience in the property and retail sectors and the Indian real estate market.
The Company's directors are Ian Henderson, Stephen Vernon, Executive Chairman
of Green Property Trust and holds directorships of a number of property related
companies; Vittorio Radice, Chief Executive Officer of the Italian department store
group La Rinascente and former CEO of Selfridges and former Executive Director of
Marks & Spencer; Rajendra Chitale, Managing Partner of M P Chitale & Associates;
Tim Walker, Non-executive Director and Audit Committee Chairman of Infrastructure
India plc, Clean Energy Brazil plc, Carpathian plc and a number of other private
property companies and Neel Raheja, director of Shoppers Stop, Inorbit Malls, Crossword
Bookstores Ltd and Chalet Hotels. Ian Henderson is the Non-executive Chairman of
the board. He is also Chairman of Dolphin Square Foundation and was formerly the
CEO of Land Securities plc.
Ishaan Real Estate plc works in partnership with K Raheja Corp, the leading property
developer in western and southern India, owned by the Raheja family. K Raheja Corp
has been active in the Indian real estate market for several decades.
K Raheja Corp
entities have a majority stake in the Indian investment vehicles developing the
portfolio. Ishaan is consequently able to benefit from the Company's knowledge and
expertise within the Indian real estate market.K. Raheja Corp was ranked 1st in
India in 2007 and 2nd in 2008 & 2009 by Euromoney (Liquid Real Estate Awards). Also
ranked 7th amongst real estate developers Globally by Euromoney 2009. Further details
on K Raheja Corp can be found at
www.krahejacorp.com.
The K Raheja Corp Entities portfolio includes the following projects and brands:
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Mindspace developments, a new concept in real estate in India, which integrates
work and lifestyle amenities into commercial mini-cities offering high quality commercial,
hospitality and retail spaces on one site. Designed with the help of global consulting
expertise, it's a lifestyle concept that sets new benchmarks in aesthetics and convenience
with thoughtfully designed spaces to enable a stress-free work and living environment.
Mindspace has made its dynamic presence felt in Mumbai (~8 million square feet of
existing and planned development, making it one of the city's largest private business
parks) and Hyderabad (~11 million square feet of existing and planned development)
with plans to launch its landmark creation in other major Indian cities.
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Inorbit,one of India's first western-style high quality shopping malls, which
provides a single destination for food, shopping and entertainment, and houses international
retail names as well as local brands. Designed by international architects the first
Inorbit Mall is housed in Mindspace Mumbai. It comprises a methodical mix of popular
brands, food courts, multiplexes and space for promotions and events. It is currently
one of the biggest shopping malls in the city and has won 25 awards since inception
including Mall of the Year ' in 2005 & 2006, 'Best Managed Mall' in 2007 and ‘Most
Admired Shopping Centre Developer of the Year' in 2009 and 2010 and the ‘Most Admired
Shopping Centre of the Year' at Images Shopping Centre Awards in 2010. The second
Inorbit Mall commenced operations at Vashi, Navi Mumbai in October 2008 and won
'The Most Admired Shopping Center Opening of the Year' award at Images Shopping
Centre Awards in 2009. The third Inorbit Mall in Mindspace Madhapur, Hyderabad is
also now operational. Inorbit is now expanding its presence to other cities across
India.
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Shoppers Stop, a leading family department store, delivering a complete family
experience. With presence across major cities of India, Shoppers Stop retails a
range of branded and in-house labels in all its stores and has become one of the
most preferred shopping destinations in India. The chain now has over 30 stores
spread across 2.1 million sq. ft. of retailing space with a customer base over 1.5
million. Besides other awards, Shoppers Stop has also been awarded the Superbrand
status by the Superbrands Council, the only department store in India to receive
such an honour. In 2009, Shoppers Stop was awarded 'The Most Admired Fashion Retail
Destination of the Year' and 'Retailer of the Year - Fashion and Lifestyle' at Asia
Retail Congress and Reid & Taylor Award for Retail Excellence. Also won the ‘Most
admired large format National fashion retailer’ at Images Fashion Forum in 2010.
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Hypercity, one of India's leading international style hypermarket chains,
offering consumers great service complemented by great value across an unmatched
range of quality products. Hypercity provides a truly international shopping experience,
where customers can shop in comfort in a large, modern, and exciting environment.
Hypercity serves as a one-stop-shop for every shopper with a product range that
includes food & groceries, apparel & footwear, general merchandise and other services.
The first Hypercity store of around 100,000 sq. ft. was launched in Mindspace Mumbai.
Currently, 7 Hypercity stores are operational across Mumbai, Navi Mumbai, Thane,
Hyderabad, Jaipur, Amritsar and Bangalore.
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Crossword, one of India's leading bookstore chains, pioneered the lifestyle
bookstore concept in India. Its innovative approach to book retailing in the country
and its achievements have received wide acclaim across the nation. Crossword currently
has over 56 stores across 11 cities.
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Hospitality, K Raheja Corp has built and owns number of luxury hotels including
the JW Marriott, in Juhu, Mumbai (Co-ownership), Renaissance Mumbai Hotel & Convention
Centre and Four Points in Vashi, Navi Mumbai. Westin Hotel was recently launched
in Mindspace Madhapur, Hyderabad. These hotels are operated by International operators. The
Group also owns and operates 'The Resort' on Madh Island, Mumbai.
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