Home, auto loan EMIs to fall as RBI cuts repo to 4% from 4.40% earlier

Source : Timesnownews  |  Dated : May 22, 2020

 

If you have a Rs 30 lakh home loan for 30 years from SBI then your loan EMI is likely to reduce by Rs 812 according to a back of the envelope calculation.

 

KEY HIGHLIGHTSRBI cuts repo rate by 40 bps to 4%External bench rate (EBR) of banks to which new floating rate loans are linked, are likely to fall immediatelyAt present, SBI’s EBR is 7.05%. After today’s repo reduction, SBI’s EBR will fall to 6.65%. So the effective rate on home loans up to Rs 30 lakh for salaried individuals will reduce to 7%
New Delhi: Equated monthly installments (EMIs) on home and auto loans linked to repo rate set to fall further as the RBI’s Monetary Policy Committee (MPC) has decided to reduce the repo rate, the rate at which RBI provides short term loans to banks, by another 40 basis points to 4% from 4.40% earlier.

 

Worth mentioning here is that most of the banks have linked their external bench rate (EBR) to repo. So the reduction in repo will reduce banks’ EBR, hence the applicable interest on floating-rate loans.

 

Borrowers having repo-linked loans can expect their EMIs to fall from July 1 as these loans are reset once in every quarter. However, those who have MCLR-linked home and auto loans, they may not get immediate relief. Typically banks reduce their MCLR rate after every change in repo with a lag. Even if some banks announce a reduction in MCLR, loan EMIs may not fall immediately as MCLR-linked rates are reset once or twice in a year.

 

At present, SBI’s EBR is 7.05%. After today’s repo reduction, SBI’s EBR will fall to 6.65%. So the effective rate on home loans up to Rs 30 lakh for salaried individuals will reduce to 7% from 7.40% earlier.

 

If you have a Rs 30 lakh home loan for 30 years from SBI then your loan EMI is likely to reduce by Rs 812 according to a back of the envelope calculation.

 

The RBI has also decided to extend the moratorium granted on all term loans by another three months till August 31. So now borrowers have an option to extend the repayment of their loan by another three months. Both these measures- repo rate cut and moratorium extension – are expected to significantly reduce the financial strain on borrowers, facing pay cut and job loss.

 

“RBI Governor Shaktikanta Das’ latest announcement to cut the repo rate by 40 basis points to 4% and the extension of the moratorium option on all term loans by three months will provide some additional relief to countless borrowers who are currently struggling to manage their finances due to the economic fallout brought on to them by the ongoing Covid-19 crisis,” said Adhil Shetty, CEO and co-founder, BankBazaar.com.

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KG SHAMBHALA

Location Advantages

KG Shambhala Centrally located in the strategic residential destination of Shanthi Colony, in Annanagar, KG SHAMBHALA enjoys close proximity to VR Mall, Koyambedu, & Thirumangalam Metro. With enviable connectivity to all major city hubs via road & metro, this spectacular abode is surrounded by an extensive selection of prestigious educational institutions, renowned healthcare establishments, popular restaurants, entertainment hubs and shopping malls.

 

Job Description:

  • The candidate must be capable of handling end-to-end construction execution of multiple projects at multiple locations as well as large-scale residential projects. The candidate will handle the day to day operations of the Project Execution Teams and coordinate with the supporting teams as follows:
  • Project Execution & Contractor / Labour Management:
    Candidate has to ensure that all projects are progressing as per the schedule / quality standards and budget by mobilizing his in-house team / manpower / materials. Candidate must be well networked and have the ability to source contractors / labour and run projects on a contract / muster / labour basis. Sound working knowledge of contract rates / labour sources, rates, labour management and related statutory requirements is a must. Planning, estimation and budgeting for residential project is critical.
  • Project Planning & Construction Execution:
    Coordinate with all consultants in preparation of concept and working drawings in accordance with market requirements and statutory compliances. The candidate will also liaison with Government agencies to ensure adherence to regulations. Candidate will need to be able to prepare bills of quantities, create a working budget, and put together a project management plan and team. The candidate will also have to meet with all suppliers to finalize specifications and rates. Tenders to be floated for construction. Contractors to be signed up and construction to commence within scheduled period. Material purchases to be monitored. Timely completion, budget adherence and quality in construction of each and every building site to be monitored and managed. Daily monitoring and reporting will be required. Daily site visits will be required.
  • Contracts, QS & Procurement:
    Candidate must have strong exposure in the procurements and contracting. He should be conversant with procurement/contract conditions, tenders, negotiations, estimate, costing and billing, I.S. Mode of measurements, etc. He should be able to prepare and monitor quantities for large-scale projects. He should be able to coordinate with architects, engineers, builders, contractors and suppliers. Should have complete knowledge of the Purchase, general contract, trade contract and subcontract documents.
  • Contract Management & Cost Controls:
    Contribute to Project Objectives through the effective development, negotiation and review of the contract management essential for the successful operations of the project Prepare Preliminary Estimates, Cost Plans, Feasibility Studies and Detailed Project Reports (DPRs) and Budgets. Prepare, issue and review all Tender Documentation – Request for Proposals (RFPs) in line with the Project Brief. Conduct negotiations, assess competitive tenders and recommend and assign contractors, suppliers and vendors. Management of all the contractors, vendors and suppliers in accordance with executed documents and monitoring them on the various parameters for performance. Perform a costing analysis across every project on a quarterly basis. Prepare costing reports and monitoring same effectively and in a timely fashion. Working jointly with the Finance team to plan project finances, schedules and deliveries on a monthly basis / cash flow basis.
  • Liasoning with Government / Statutory Agencies:
    Prepare the drawings and applications as per Statutory rules and regulations for plan approvals, occupancy certificates etc. Liaison with the various Governmental departments’ clearances.
  • Customer Interface:
    Ensure continuous interface with the sales & marketing team and end-customers to ensure customer delight. Resolve customer issues, extra amenities and snags on time as per the company policies.
  • General Administration:
    The candidate will be entrusted with the overall administration responsibilities of the engineering department and creating a dynamic working environment for the engineering employees to work and grow.
  • Entrepreneurial:
    Candidate must be entrepreneurial spirited to create standardized systems for smooth execution of projects as per Indian laws, working environment and culture.
  • Communication & Reporting:
    Candidate must have strong written, spoken and comprehension skills in both, English and Tamil. Must be able to effectively communicate across all cadres. Must be able to establish a reporting system from the first day itself across all project parameters of quantity, cost and time schedules. Must be able to effectively interface with all departments for the smooth functioning and flow of information, budgets and reports.

 

Job Description:

  • The candidate must be capable of handling end-to-end construction execution of multiple projects at multiple locations as well as large-scale residential projects. The candidate will handle the day to day operations of the Project Execution Teams and coordinate with the supporting teams as follows:
  • Project Execution & Contractor / Labour Management:
    Candidate has to ensure that all projects are progressing as per the schedule / quality standards and budget by mobilizing his in-house team / manpower / materials. Candidate must be well networked and have the ability to source contractors / labour and run projects on a contract / muster / labour basis. Sound working knowledge of contract rates / labour sources, rates, labour management and related statutory requirements is a must. Planning, estimation and budgeting for residential project is critical.
  • Project Planning & Construction Execution:
    Coordinate with all consultants in preparation of concept and working drawings in accordance with market requirements and statutory compliances. The candidate will also liaison with Government agencies to ensure adherence to regulations.Candidate will need to be able to prepare bills of quantities, create a working budget, and put together a project management plan and team. The candidate will also have to meet with all suppliers to finalize specifications and rates. Tenders to be floated for construction. Contractors to be signed up and construction to commence within scheduled period. Material purchases to be monitored. Timely completion, budget adherence and quality in construction of each and every building site to be monitored and managed. Daily monitoring and reporting will be required. Daily site visits will be required.
  • Contracts, QS & Procurement:
    Candidate must have strong exposure in the procurements and contracting. He should be conversant with procurement/contract conditions, tenders, negotiations, estimate, costing and billing, I.S. Mode of measurements, etc. He should be able to prepare and monitor quantities for large-scale projects. He should be able to coordinate with architects, engineers, builders, contractors and suppliers. Should have complete knowledge of the Purchase, general contract, trade contract and subcontract documents.
  • Contract Management & Cost Controls:
    Contribute to Project Objectives through the effective development, negotiation and review of the contract management essential for the successful operations of the project Prepare Preliminary Estimates, Cost Plans, Feasibility Studies and Detailed Project Reports (DPRs) and Budgets. Prepare, issue and review all Tender Documentation – Request for Proposals (RFPs) in line with the Project Brief. Conduct negotiations, assess competitive tenders and recommend and assign contractors, suppliers and vendors. Management of all the contractors, vendors and suppliers in accordance with executed documents and monitoring them on the various parameters for performance.Perform a costing analysis across every project on a quarterly basis. Prepare costing reports and monitoring same effectively and in a timely fashion. Working jointly with the Finance team to plan project finances, schedules and deliveries on a monthly basis / cash flow basis.
  • Liasoning with Government / Statutory Agencies:
    Prepare the drawings and applications as per Statutory rules and regulations for plan approvals, occupancy certificates etc. Liaison with the various Governmental departments’ clearances.
  • Customer Interface:
    Ensure continuous interface with the sales & marketing team and end-customers to ensure customer delight. Resolve customer issues, extra amenities and snags on time as per the company policies.
  • General Administration:
    The candidate will be entrusted with the overall administration responsibilities of the engineering department and creating a dynamic working environment for the engineering employees to work and grow.
  • Entrepreneurial:
    Candidate must be entrepreneurial spirited to create standardized systems for smooth execution of projects as per Indian laws, working environment and culture.
    Construction
  • Communication & Reporting:
    Candidate must have strong written, spoken and comprehension skills in both, English and Tamil. Must be able to effectively communicate across all cadres.Must be able to establish a reporting system from the first day itself across all project parameters of quantity, cost and time schedules. Must be able to effectively interface with all departments for the smooth functioning and flow of information, budgets and reports.

    Job Description

  • Plans and illustrates concepts by designing rough layouts of art and copy regarding arrangement, size, type size and style, and related aesthetics.
  • Coordinates with internal teams, including marketing, in the design concept phase through completion of a project.
  • Obtains approval of concepts by preparing rough layouts for review.
  • Prepares final layout by marking and pasting up finished copy and art.
  • Obtains final copy and art by operating typesetting, printing, and similar equipment and by making purchases from vendors when required.
  • Coordinates with outside agencies, art services, printers, etc. to complete projects.
  • Maintains technical knowledge by attending design workshops; reviewing professional publications; and participating in professional societies.

    Job Description

  • Provide full administrative and secretarial support at a senior level to the Director to ensure the smooth management of their day to day affairs, and most effective use of their time. Handle sensitive and complex issues in a professional and objective manner. Take initiative as appropriate especially in the Directors absence.

    Main responsibilities

  • Manage Directors electronic diary, assessing priority of appointments and reallocation as necessary.
  • Manage Directors travel arrangements (including air travel/visas/accommodation).
  • Process Directors correspondence, ensuring that incoming correspondence is dealt with by the Director/or on behalf of the Director, or other staff as appropriate.
  • Maintain Directors office systems, including data management and filing
  • Maintain records of Directors contacts. • Screen calls, enquiries and requests, and deal with them when appropriate.
  • Assist Director in researching and following up with action on matters which fall within the Director’s responsibility – chasing responses, triggering follow-up action.
  • Produce documents, briefing papers, reports and presentations for the Director.
  • Organise meetings and ensure that Director is well prepared for those meetings, preparing agendas, pre-meeting briefings and meeting papers.
  • Manage arrangements for meetings, including production/distribution of agenda and papers.
  • Assist/support Director, Development Manager & Communications Manager in arranging funding partner and other events.
  • Meet and greet visitors at all levels of seniority. • Supervise all Trust incoming/outgoing mail. Any other duties as may reasonably be required by the Director.

    Job Description

  • Total of 1+ years of experience in Pre Sales/Telesales / Telecalling / Telemarketing /Telecaller /Outbound calling /Outbound calls / Outbound caller /Outbound sales / Inbound calls / Inbound Marketing / Inbound sales / Voice / Customer Care / Customer Relationship / Customer Service experience is must. Working days: 6 days in a week

    Job Description

    Overall in charge of marketing strategy and business growth in sales, through marketing efforts. Must have sound knowledge for digital marketing and significant experience in a real estate builders office in innovative pre-launches, launch and post launch sales of flats and offices.

  • Unique opportunity to assist the management with ongoing and future land parcel acquisitions for this financial year.
  • Take up the lead role in property acquisition plans for in & around Chennai.
  • Associate would be responsible to conduct market analysis, identify land parcels and perform feasibility studies for each potential deal.
  • In this role, business development would include deal sourcing, financial analysis, technical evaluation and maintaining a healthy deal pipeline would be critical aspects of this role.

    Responsibilities:

  • Conduct regular market analysis and investigate land availability
  • Monitor market activity including key property deals, pricing, value and trends
  • Network with brokers to maintain market awareness and develop key contacts in our target market area
  • Lead the preparation and maintenance of a database of available land opportunities
  • Perform feasibility studies through site evaluation.
  • Identify potential of business for a site and its potential post-construction
  • Perform financial analysis for properties under consideration for purchase, including assessing values and preparing narrative reports for these properties
  • Take care of the legal, techno-commercial contracts property feasibility and due diligence
  • Proper technical due diligence which will result in zero litigation
  • Prepare feasibility/approval schedules for contracted deals in the approval pipeline

    Role Requirement:

  • Proactive, conscientious individual. Strong analytical, negotiation and stakeholder management skills.
  • Delvelop good understanding of the property market including regulations, recent trends, events and key business variables.

    Job Description

    Role & responsibilities

  • Independently handle entire Channel Partner department and generate business for sales of residential apartments/flats, luxury apartments, plotted developments and also rentals of residential apartment and leasing of commercial, IT properties and plotted developments through networking with channel partners and other non-direct avenues/mediums.
  • Identify market segments, define and execute marketing strategies for leads generation and sales through channel partnerships
  • Build, create, network and manage channel partner / brokers / marketing agents relationships.
  • Create new business opportunities/mediums/avenues and achieve business sales/leasing targets.
  • prepare marketing documentation related to sales and marketing for customers / channel partners in PPP and MS word and other innovative mediums and evolve sales strategies and execute the marketing plan of the Projects of the Company, TDRs, Commercial space renting and selling.
  • Cold call customers / channel partners for partnership, leads and business generation.
  • Hard and soft selling through ads, tele-marketing, digital mediums etc.; successfully plan and
    participate in Real Estate Exhibitions; CHP events etc to generate leads and sales. and
    generally conduct activities for lead generation.
  • Partake in all arrangements for project launches
  • Follow-up all leads for conversions into sales / leases
  • Conduct site visits with customers
  • Negotiate and close deals regarding the sales/rentals of flats/offices/properties belonging to the company.
  • Independently market the projects of the company from head office and at sites assigned to you from time to time besides other specific assignments.
  • Build a strong CHP team and effectively manage the team with various incentive programs and high sales output.
  • Prepare sales MIS reports in prescribed formats

    Roles and Responsibilities

  • Support in strategies to build a lasting digital connection with consumers
  • Plan and monitor the ongoing company presence on social media (Twitter, Facebook etc.)
  • Launch optimized online adverts through Google AdWords, Facebook etc. to increase company and brand awareness
  • Be actively involved in SEO efforts (keyword, image optimization etc.)
  • Prepare online newsletters and promotional emails and organize their distribution through various channels
  • Provide creative ideas for content marketing and update website
  • Collaborate with designers to improve user experience
  • Measure performance of digital marketing efforts using a variety of Web analytics tools (Google Analytics, Web Trends etc.)
  • Acquire insight in online marketing trends and keep strategies up-to-date
  • Maintain partnerships with media agencies and vendors

    Requirements

  • Proven experience as Digital Marketing Executive or similar role with a reputed real estate developer.
  • Excellent understanding of digital marketing concepts and best practices
  • Experience with B2C social media, Google AdWords and email campaigns and SEO/SEM
  • Perfect knowledge of web analytics tools (e.g. Google Analytics, Net Insight, Web Trends etc.)
  • Skills and experience in creative content writing
  • Analytical mindset and critical thinking
  • Excellent communication and interpersonal skills

    Roles and Responsibilities

  • Keep available descriptive pamphlets/brochures and all sale drawings handy.
  • Know location advantages of all KG projects including schools, colleges, transportation, supermarkets, major corporate and software companies in the area etc and Know amenities provided at all of KG projects.
  • Know floor plan and layout of every flat/shop/office/plot and Understanding of percentage of common areas that are added to the built-up area (as per the sales calculation) is imperative.
  • Understanding Vaastu features of the building and the particular flat/shop/office/plot of interest to the purchaser is very important.
  • Know the car parking, private terrace, private garden details that are sold and those that are available.
  • Know price details including registration, MES, water charges, parking and sales tax charges. In order to know this, pricing charts corresponding to areas should be prepared for easy reference including all of the above charges. You should also keep handy all prices for additional area or facilities that are requested by customers and You must use your discretion in preparing the customers instalment payment schedule for instance, for a building that is 75% complete then the initial payment amount collected must be equivalent to at least 80% of total payments.
  • Know stage of construction/dates of completion. You must visit the site periodically so that you are aware of the colour of fittings, stage of completion of building and each flat.
  • Know water availability at all KG projects. If available, Kings Institute Certification must be shown for the quality of water.
  • Know stage of CMDA approval & explanation of procedures.
  • Know lowest loan rates available in the market, loan EMI calculations & procedures.
  • Maintain very good relations with all banking and financial institutions and strive to develop new relations with banks for tie-up in Advertising and marketing schemes for KG projects. Any and all of their requirements should be met without undue delay. To perform this function efficiently you should be contact with the said lending organisations, note the contact names of their important executive and make yourself an expert in their procedures, forms etc.
  • Ensure that major lending organisations, banks and financial institutions include KG as an approved builder so that our customers can process their loans with greatest ease.
  • Responsible for working with advertising and marketing agencies in preparation, editing and presentation of KG advertisements in various newspapers, journals etc.
  • Read all sale agreements and be very knowledgeable in all its contents and you must prepare before hand the Builders Agreement and U D S Sale Deeds duly verified so as to have them ready at a moments notice. You will also constantly keep updated with the Government guideline values to prepare the Builders Agreements and U D S Sale Deeds to suit the customer.
  • You will be responsible for preparation of U D S registration documents, co-ordinating with purchasers for registration and the actual registration of the U D S documents.
  • Sufficient quantity of stationery relevant for the section such as prescribed receipt forms, State Govt. sheets, non-judicial stamp papers, green bond sheets, plastic KG folders and all other necessary documents to aid in your sales work should always be in stock.
  • You must also have read all legal opinion sets for each project and be conversant with the details. Sufficient copies must also be kept ready for distribution to customers while ensuring that one Master copy is kept safely in the office at all times. It is also your responsibility to obtain Encumbrance Certificate (EC) for each project and kept in file for giving to the customer on demand at a moments notice.
  • You must be aware of competitor builder projects, pricing, location, specification, amenities and reputation. You must also be aware of different kinds of advertisement and marketing done by competitor builders. You must visit competitor builder projects periodically to understand their quality and features offered for comparison with KG projects. You must build a file of all important ads from competitor builders and Government organizations pertaining to the building field and give as a model for the reference of KG.
  • Must be able to answer all the customer queries honestly and in a professional manner. You must follow up with customers in obtaining outstanding payments and payments for any/all extra amenities requested from KG. In addition, follow-up must also be done with Site Engineers to
  • Make sure that the extra amenities requested by the customers have been completed. You must develop a good rapport with the customers and understand all their needs.
  • You shall build a file for each customer you are handling, wherein you will include copies of all agreements, receipts, correspondence with the customer etc. for efficient handling.
  • You shall generally maintain secrecy about the matters you deal with and avoid talking unnecessarily about unwanted details to people outside.
  • You shall avoid arguments with the customers and never lose temper even if the customer is wrong.
  • 26. After sales service is very important and you shall strive to satisfy the customers by informing the concerned field staff in attending to their complaints after sales to their satisfaction.
  • You will be responsible for collection of outstanding payments for all flats sold by you. You will be required to bring to the notice of the management at any and all delinquencies in payment.
  • You shall be very vigilant in issuing receipts and make sure that the collections are immediately deposited and not misplaced or forgotten.
  • You should prepare monthly projections of collections to be made and prepare a variance report on the budgeted collection and the actual collection and make out a note of drawbacks, if any.
  • It is possible that you may not be available at certain junctures of which you should make a general arrangement with another colleague to attend to sales calls or any other matter pertaining to sales as an interim arrangement.
  • You shall keep the Agreements and Sale Deeds executed or registered in perfect order and safe custody and keep a record of the same with utmost responsibility.
  • You will co-ordinate every week with site staff to monitor the coming and goings of visitors of our flats at all projects. It is your responsibility to inform the site supervisors/Engineers/watchmen of the dates of our advertisements so that they are vigilant to show visitors the sample flats and maintain a register for your follow-up
  • You shall not work in water-tight compartments and you should cheerfully be ready to attend to other matters pertaining to the office including outdoor work for which you have agreed to use your own vehicle.
  • You shall in general keep the matters coming to you during the work in confidence and shall not divulge the same.

    Required Candidate profile

  • Graduate / freshers
  • Male / Female
  • Min. 3 yrs exp. in a reputed Builders Office in residential / commercial sales
  • English medium schooled from 1st to 12th standard
  • Excellent English written, spoken and comprehension / communication skills. Tamil & Hindi spoken and comprehension skills will be an added advantage.
  • Competent in computing skills - MS Office, PPP, ERP
  • Must be entrepreneurial in nature and highly self-motivated
  • Smartly attired, pleasant personality & amiable person
  • Must be outgoing and relationship-oriented
  • Honesty and Integrity of character required
  • Ambitious and self-driven candidates preferred
  • Must be able to SELL!

    Perks and Benefits

  • Incentives and other standard industry perks apply

    Job description

  • Contractor development and selection.
  • Drafting of the Work Order with the Technical Terms and Conditions.
  • Reviewing & finalization of Quantity, BOQ and tender document.
  • Floating Quotations as per the Purchase/Service Requisitions received from the projects and tracking them. Floating of Enquiries / Calling for quotations / tenders from contractors / vendors.
  • Follow up with the Contractors for timely execution and penalizing in case of delay.
  • Contract Management as per the clauses mentioned in the Contract documents.
  • Coordination & controlling contractors/consultants compliance with all necessary statutory provisions like Insurances, PF, ESI, etc.
  • Technical & rates discussion with the Contractor/vendors and Shortlisting.
  • Demonstrate a solid understanding of legal terminology
  • Analysis of rates, Quantity Surveying, Market research/Comparison of rates with existing ones.
  • Negotiation with the short-listed vendors primarily in terms of Price, Time schedule and payment terms.
  • Preparation and Issue of BOQ/ LOI/ WO/ Agreements as per requirements
  • Handling issues related to (Approval, Notification, list of materials to the respective contractors.
  • Site Inspection and Joint Measurement for Additional work.
  • Coordination and Verification of Contractor bills.
  • Finalization of Civil & Finishing Contract Package
  • Finalization of contract on trade wise like painting, tiling, etc.
  • Going through the entire bidding process
  • Floating of Tenders
  • Comparison of the quotes received.
  • Negotiations with the Bidders
  • Negotiate & finally closing it in the provisional budgeted cost
  • Award of work orders with proper Terms & Conditions.
  • Coordination with the different consultants /Architects/Site team for the progress of the work.
  • Handling ERP /SAP software for work orders

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Happiness
Rating

KG Builders' customer-centric programs place customer-satisfaction first and our Happiness Meter is a testimony of our commitment to that. A measurable metric that tracks and monitors the degree of happiness of our customers on different home buying parameters rated by fellow customers. Our Happiness Meter tool aims to help new customers in their home buying process and create an enjoyable home buying experience.

  • The incumbent is responsible for the delivery of the assigned projects
  • within the stipulated Scope, Time, Cost 8 Quality
  • Capable of spearheading multiple projects in the region.
  • Able to plan and organize a team effort
  • Capacity to motivate, lead and boost morale of the teams.
  • Capacity to identify and mobilize labour resources and piece work contractors needed.
  • Effective time management and logical decision-making ability.
  • Capacity to handle pressure.
  • Willingness to travel extensively across the construction sites.
  • Strong focus on quality.
  • Overall project planning and scheduling, resource allocation, project accounting, and control, while providing technical direction and ensuring compliance with quality standards.
  • The responsibilities span a broad spectrum, covering all the areas of project management like - Project Planning, Cost Management Time Management Quality Management, and Safety Management.
  • Charting out the project objectives and plans, setting performance requirements, and selecting project participants.
  • Bringing about optimum utilization of resources- labor, materials and equipment, and ensuring their procurement at most cost-effective terms.
  • Implementation of various operations through proper coordination.
  • Development of effective communications and mechanisms for resolving conflicts among the various participants.
  • Oversee the construction projects from start to finish.

Duties Relating to site :

1.Material Indent Process

  • On receipt of indent from the project in charge, the site material request (MR) is raised through the ERP to purchase department, after verifying the existing stock, by stores in charge.
  • The material indent should clearly mention the entire material specification (including the brand, grade, color, size, dimension) quantity, and required date. The date mentioning immediate will not be accepted by the purchase department for processing.
  • Minimum stock of material, defined is maintained by the stores in charge along with the lead time requirement of such material furnished by the Purchase department. In case of Bulk Materials to ensure that ONE Month stock is available at site.
  • On becoming the stock level below the minimum level, the intent needs to be raised, after getting approval from the project in charge.
  • If the Material item has not captured in the ERP already, or any new material items identified for the project will be added in the material tree with the help of Purchase before making an intend.

2.Material receipt process.

  • The stores in charge on receipt of the material, verify the delivery challan and purchase order for the correctness and verify the purchased material at par with the purchase order for the quantity and Date / time of delivery.
  • The quality of the material purchased is verified by the quality in charges of the respective activities, viz civil, electrical, plumbing, HVAC etc., @ the time of receipt of material and material acceptance. Rejection will be done based on QC feedback. Once the verification of the incoming material is done, the delivery challan with Site Material Receipt (SMR) details dispatched to purchase department for further process, within the time frame of 48 hours from the clearance of quality check. The SMR has to be signed by project in charge and quality person (QC if available) in charge.
  • In case of any discrepancy in materials (in terms of quality quantity) the same is communicated to purchase department on same day.
  • The items are placed in the designated lock and key place immediately after the clearance by the quality in charge.
  • The arrangement of the material should be in such a way that proper identity and traceability established for easy retrievability.
  • The stock register of the project is updated then and there the stock is cleared by the quality in charge and words and numeric legible and readable.
  • If any unintended items arriving in the project with the top management approval, will be regularized after making an entry in the material tree by Purchase.
  • After the approval of Projects G.M. Stock register for such items also maintained updated. Inter site transfer of the material is captured through ERP or manually maintained registers and stock registers updated accordingly.
  • Inter site transfers are routed through purchase department, to have better control over the bill of quantity, after getting approval.

3.Material Issue Process

  • Material Issue slip to maintain for each contractor wise/block wise / activity wise, in order to establish the easy reconciliation.
  • Each Issue slip book should be mentioned with the Contractor name, Block Name (WBG), Activity undertaken and the serial numbers provided should be maintained in Hard/Softcopy.
  • Before issue of any material, the clearance from the Supervisor/engineer/Project in charge, for the conformity of the requirement material needs to be established.
  • The consumption/status of the already issued material needs to be ascertained before issuing any material and comment on the same in the Material Request Slip.
  • The signature of material receiving personnel is obtained in the material issue slip.
  • The excess quantity if any issued for the day activities will be kept by the said contractor. In case of requirement within 2 days else to be returned to store.
  • Materials stock to update with the material Issue slips for the day then and there.
  • The bulk material issues like sand and aggregate is done as against the material clearance by the quality in charges to the contractor concerned directly for the quantity received.
  • Those activities, for which the materials have been taken out of the site, the exact weight/count of the materials needs to be done and recorded in the issue slip or issue for production/receipt from production in ERP for the reconciliation while returning the materials to the site. Any discrepancy in weight/count needs to bring to notice of the project in charge.

4.Reconciliation of stock material

  • Weekly once, preferably week end day, reconciliation is being taken with the help the supervisor/engineer, for materials issued to various activities.
  • Month end stock report needs to be submitted to HO with the pending material indent report.
  • Unannounced random verification of the material stock is done by project incharge once in a month, which is recorded.
  • Physical verification of all the items to be done and updated once in three months, by stopping the regular stores activities on the week end after getting consent from the project incharge.

5.Material Receipt of Specified Items

  • Materials such as Transformers, DG set, Chillers, STP, MV Panel Lift, Pumps & Motors, Distribution Boards, and any other major equipments delivered by the vendors, needs to be inspected by the indenting department within 24 hours, of delivery of such items in site.
  • The stock register needs to be updated as per the delivery challan content, in the presence of indenting department and obtain authenticated signatory.
  • The detailed stock has to be taken in the presence of the specialist contractor/consultant and the indenting department personnel at the time of starting of the activity Confirm the receipt of the entire materials as per the checklist if any maintained.
  • Make detailed item wise entry in the stock register.
  • Obtain authenticated signatory from all concerned for the entry made for the received items only.
  • The site material receipt may be forwarded to HO for the received materials only. Any issue in the material receipt needs to be sorted out with Project incharge before clearing for the payment to HO.
  • The received materials needs to be stored with proper identity and traceability and in more secured manner, as described by the vendors.

Material Issue of specified Items:

  • Materials such as Transformers, DG Set, Chillers, STP, MV Panel, Lift, Pumps & Motors, Distribution Boards, and any other major equipments from the stock register needs to be issued to the specialist contractor, upon starting of such activity.
  • The entire material received on that category needs to be issued to the contractor in one lot, in the presence of the intending department.
  • Confirmation on issue of entire material to the contractor needs to be obtained through authenticated signatory from contractor concerned and indenting department.

Transfer of Excess Materials:

  • The excess materials if any lying in the site should be notified to the purchase department with the details of the item and quantity immediately, if the concerned activity has completed, in all respects. This information has to be authenticated by the project in charge, for transfer of such materials.

    Job description

  • Minimum Work Experience: 5+ years in accounting, preferably Real Estate/ Construction / Audit Firms.
  • Good knowledge and experience in Tally, TDS, GST, Income Tax, Audit, Bank Reconciliation & MS Office.
  • Candidate must have knowledge of tax compliance and laws.

    Candidate must possess:

  • eagerness and interest in accounting field.
  • good communication skills
  • team player and willing to support colleagues as and when required
  • quick learner
  • open minded to explore and learn new functions and areas to broaden skillset
  • good administrative skills

    Candidates job will include

  • updating payment records on a timely and orderly basis
  • bank reconciliation, audit
  • filing TDS, GST & other statutory requirements on a timely basis
  • ensuring accuracy and minimizing errors in billing & data entries
  • maintain records of all documents
  • closing yearend balance sheets
  • Good English language skills (writing and speaking)
  • Attend to incoming and outgoing calls and transfer to the respective departments
  • Visitors management with great hospitality
  • Inward and Outward registers
  • Emails and fax management
  • Employee movement management
  • Management of all courier related activities
  • Managing all stationary items and requirements
  • Managing front office housekeeping and cleanliness
  • Managing board rooms and meeting rooms for readiness
  • Maintaining office filling and storage systems
  • To take instructions from the Senior Managers and carry out day to day duties as the situation demands. Work efficiently with perfect understanding and coordination with each other. Getting clarifications as and when necessary and ensure that no arrears is built up at any point of time.
  • Duties will include attending phone calls being present at site sales counters. Keep confidential information whenever instructed to do any part with material given for effective sales and be totally devoted to the organisation to ensure smooth flow of work in co-ordination with all sections of the organisation.
  • The day to day execution of work shall include the following: (a) Preparing the Builders Agreement. (b) Preparing Undivided Share Sale Deeds. (c) Preparing and dispatching letters of correspondence. (d) Preparation of Receipts (e) Proceeding to the concerned Sub Registrars office for execution and registration of Undivided Share Sale Deeds.
  • Updating the necessary supporting documents such as Encumbrance Certificates, Guideline value and ensuring that the incoming and outgoing correspondences, Receipts etc. are properly filed in the concerned files.
  • Periodical statements in coordination with Account Department.
  • Collecting all data as and when required from the competitors and media.
  • Co-ordinating with Bankers, Advocates for getting Project approvals.
  • Collecting Payments from customers, verification of Bank documents, Affidavits, Tripartite documents. Clarification to customers, Bankers, Advocates regarding parent documents and preparation of forecasts.
  • Sending statement of Accounts to customers.
  • Welcome Call & Welcome Mail after the sale is closed.
  • Instruct the Team to send Allotment letters & Demand letter along with their Payment Schedule.
  • Motivate the team for payment collection and achieve the target.
  • Educate Team to improvise payment Collection.
  • Meeting with the team on daily basis on solving concerns raised by the customer & Collections.
  • Inspect whether the dispute raised by the customer is solved immediately.
  • Maintaining the Collection & Due status of all the customers.
  • Reconciliation with the Accounts department on monthly basis.
  • Intimate Team to send demand letters on time as per the stage and inspect the same.
  • Inspection of sale deed and Sale & Construction Agreement before execution.
  • Coordinating with the technical team on alterations raised by the customer
  • Inspect the final cost sheet inclusive of statutory tax.
  • Negotiating with the customers on Delay Payment Charges.
  • Preparing Month end outstanding report for review meeting.
  • Inspect on Bank documentation and any legal queries raised by the banker. Check on Pre-delivery inspection update.
  • Interacting with customers and follow-up
  • Preparing the Sale deed & Agreement.
  • Maintenance of Customer database
  • Educate buyers about our products to generate interest
  • Engage in proactive and reactive communication to build revenue and loyalty from end-user. Following up with bank for payment collection and loan arrangement.
  • Maintaining the UDS calculations and area statement in place from the architects. Collect the draft Sale deed and Agreement ready.
  • Filing and documentation
  • Updating the progress of the construction to the customers.
  • Addressing the queries of the client from time to time.
  • Sending payment due letters & reminders.
  • To take instructions from the Senior Managers and carry out day to day duties as the situation demands. Work efficiently with perfect understanding and coordination with each other. Getting clarifications as and when necessary and ensure that no arrears is built up at any point of time.
  • Duties will include attending phone calls being present at site sales counters. Keep confidential information whenever instructed to do any part with material given for effective sales and be totally devoted to the organization to ensure smooth flow of work in co-ordination with all sections of the organization.
  • The day to day execution of work shall include the following :
    • a) Preparing the Builders Agreement.
    • b) Preparing Undivided Share Sale Deeds.
    • c) Preparing and dispatching letters of correspondence.
    • d) Preparation of Receipts
    • e) Proceeding to the concerned Sub Registrars office for execution and registration of Undivided Share Sale Deeds.
  • Updating the necessary supporting documents such as Encumbrance Certificates, Guideline value and ensuring that the incoming and outgoing correspondences, Receipts etc. are properly filed in the concerned files.
  • Periodical statements in coordination with Account Department.
  • Collecting all data as and when required from the competitors and media.
  • Co-ordinating with Bankers, Advocates for getting Project approvals.
  • Collecting Payments from customers, verification of Bank documents, Affidavits, Tripartite documents. Clarification to customers, Bankers, Advocates regarding parent documents and preparation of forecasts.
  • Sending statement of Accounts to customers.
  • Interaction with customer and Banker for arranging loan to customer.
  • Meeting with Bank officials in sorting out mortgage documents for customers.
  • To do sale of flats to customers, arranging site visits to customers and Bankers values.
  • Accompanying with higher officials to do registration for customers.
    Handle Sales / Leasing of residential, commercial, IT properties and plotted developments.
  • Identify market segments, define and execute Sales Strategies.
  • Create and manage Client Relationships.
  • Generate business for products and services of the company.
  • Create new business opportunities and achieve business targets.
  • Independently market the projects of the company from head office and at sites assigned to you from time to time besides other specific assignments.
  • Be responsible to collect 100% of consideration amounts due from sale of flats/shops.
  • Build contacts with estate agents and brokers.
  • Successfully plan and participate in real Estate Exhibitions.
  • Marketing the plan of the Projects of the Company, Commercial space renting and selling.
  • Deal regarding the sales, license of flats/offices/properties belonging to the company.
  • In-charge of sales and leasing of flats, offices, plotted developments, IT space etc.
  • Hard and soft selling through ads, tele-marketing, internet etc.
  • Follow-up all leads for conversions into sales / leases
  • Conduct site visits with customers
  • perform sales pitches in PPT
  • Negotiation skills with customers to close the deal
  • Prepare sales reports in prescribed formats for management & in ERP.
  • visit other projects frequently and study their sales techniques.
  • set monthly sales target for himself and also to other sales executives and work towards achieving it.
  • MIS Reporting.
  • Handle Sales / Leasing of residential, commercial, IT properties and plotted developments
  • Identify market segments, define and execute Sales Strategies
  • Create and manage Client Relationships
  • Generate business for products and services of the company
  • Create new business opportunities and achieve business targets
  • Independently market the projects of the company from head office and at sites assigned to you from time to time besides other specific assignments
  • Be responsible to collect 100% of consideration amounts due from sale of flats
  • Build contacts with estate agents and brokers
  • Successfully plan and participate in real Estate Exhibitions
  • Marketing the plan of the Projects of the Company, Commercial space renting and selling
  • Deal regarding the sales, license of flats/offices/properties belonging to the company
  • In-charge of sales and leasing of flats, offices, plotted developments, IT space etc
  • Hard and soft selling through ads, tele-marketing, internet etc
  • Follow-up all leads for conversions into sales / leases
  • Conduct site visits with customers
  • Perform sales pitches in PPT
  • Negotiation skills with customers to close the deal
  • Prepare sales reports in prescribed formats for management & in ERP
  • Visit other projects frequently and study their sales techniques
  • Set monthly sales target for himself and also to other sales executives and work towards achieving it
  • MIS Reporting

Desired Candidate Profile

  • Candidate must have 5 years successful experience in sales of residential flats, commercial spaces and plotted developments
  • Must be willing to travel to the various projects / customer locations
  • Must have excellent English and Tamil - written, spoken and comprehension skills
  • Must have excellent computer skills - word, excel and PPT
  • Experience in ERP is a must
  • Smartly attired with pleasant personality
  • Must be self driven and target oriented to produce a minimum of 10 sales a month

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KG Dogra Gardens

Location Advantages

Exclusive living spaces for the privileged few in the bustling heart of Kodambakkam. Located at the heart of Chennai, between 100’ Road and Anna Salai, Kodambakkam is getting ready to witness a new housing star, With the comfort and convenience of what the people look for in a locality & the premium lifestyle that KG Offers!

KG Earth Homes Phase 2

Location Advantages

The location of KG Earth Homes was carefully planned to ensure that residents would need minimal travel time to access prime work areas, schools, colleges and shopping. Less travel time would result in less fuel consumption and more free time to spend on family.

KG Earth Homes Phase 1

Location Advantages

The location of KG Earth Homes was carefully planned to ensure that residents would need minimal travel time to access prime work areas, schools, colleges and shopping. Less travel time would result in less fuel consumption and more free time to spend on family.

KG CENTRE POINT

Location Advantages

Located in the perfect spot between the city and lush greenery, between the older parts of Chennai in the north and the new developments in the south, it offers easy access to the industrial area of Sriperumbudur, the IT hub on OMR as well as the purely residential areas of Porur, Poonamallee and Valasaravakkam. Surrounded by premium schools, colleges, shopping and medical facilities, the entire project still manages to remain tucked away from it all in a spacious, verdant layout near the Chembarambakkam lake.

KG SIGNATURE CITY – PHASE II

Location Advantages

Located at Mogappair, near Anna Nagar, KG Signature City 2.0 is KG's latest offering to Chennai's skyline. It is strategically situated on the wide new 200 feet bypass road connecting Maduravoyal to Red Hills through Ambattur and Poonamallee. Its proximity to Anna Nagar, Ambattur, Maduravoyal, Mogappair, Poonamallee and Koyambedu make it an ideal place to reside! KG Signature City 2.0 is just a few meters away from Poonamallee High Road and less than 5 kms from the buzzing activity of Anna Nagar. The abundance of highly ranked schools, colleges, specialized hospitals and the recent influx of IT offices in the Ambattur Industrial Estate (AIE) have all catapulted it into a strategic location for business activities and makes it a highly desirable residential neighbourhood. Surrounded by IT companies, educational institutions and well developed social and public infrastructure, KG's latest offering in this high profile location conveniently serves the needs of its signature clientele.

KG SIGNATURE CITY – PHASE I

Location Advantages

KG Signature City is strategically situated on the new high profile 200 Feet ByPass Road in Mogappair connecting Maduravoyal in the south and Red Hills in the north through Poonamallee and Ambattur. It is just a few meters away from Poonamallee High Road and less than 5 Kms from the buzzing activity of Anna Nagar. Surrounded by IT companies, educational institutions and well developed social and public infrastructure, KG’s latest offering in this high profile location conveniently serves the needs of its signature clientele. The abundance of highly ranked schools, colleges, specialized hospitals and the recent influx of IT offices in the Ambattur Industrial Estate (AIE) have all catapulted it into a strategic location for business activities and makes it a highly desirable residential neighbourhood.

KG CENTRE POINT

Location Advantages

Located in the perfect spot between the city and lush greenery, between the older parts of Chennai in the north and the new developments in the south, it offers easy access to the industrial area of Sriperumbudur, the IT hub on OMR as well as the purely residential areas of Porur, Poonamallee and Valasaravakkam. Surrounded by premium schools, colleges, shopping and medical facilities, the entire project still manages to remain tucked away from it all in a spacious, verdant layout near the Chembarambakkam lake.

*All Fields Are Mandatory

Quick Contact

Please drop in your details and we will get in touch with you shortly.



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