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i
CERTIFICATION OF COMPLETION AND ORIGINALITY OF WORK
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ACKNOWLEDGEMENT
Preparing a project of this nature is an arduous task and I was fortunate enough to get
support from a large number of people to whom I shall always remain grateful.
I take this opportunity to thank Mr. Vaibhav Gangwar, sales manager of the company
for providing us an opportunity to work for Sikka infrastructure.
Last but not least, I would also like to thank all the respondent for giving us their
precious time and relevant information and experience, as and when required without
which this project would not been possible.
Nitish Kumar
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EXECUTIVE SUMMARY
Overall we see rental rates remaining stable in the office real estate industry in 2016.
The steady growth of India's IT and business process outsourcing industries, as well as
the local pharmaceutical industry, has led to good demand for grade A office space,
putting upward pressure on rental rates in the premium segment. Meanwhile,
government reforms are conducive to small company start-ups, which could see
demand rise for lower grade property in less central locations.
In the retail segment, changes in regulation of foreign direct investment (FDI) should
lead to an increase in interest from foreign retailers, and thus a rise in demand for
space. This offers good long-term potential for the real estate industry, but in the short
term the pipeline of new supply will slow on the back of lower absorption rates. We see
rental levels remaining stable in 2016, although demand will be strong for premium
space.
In the industrial real estate sub-sector demand is set to be driven by India's strong
manufacturing industry, as well as its rapidly growing retail, particularly e-commerce,
sector. The autos industry is a major driver of demand, and is performing well. Demand
for premium logistics and warehouse space is good, although there is ample space
available, which is limiting the scope for rental rate rises.
The Indian economy has been resilient in the face of slowing global economic growth,
boosted by rising local demand. Along with the government's structural economic
reforms, this should lead to continued investment in Indian commercial real estate.
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OBJECTIVES OF THE STUDY
The main objective is to determine the current consumer behavior levels of the
customers with regards to real estate.
To study and analyze consumer shopping behaviour towards real estate.
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CHAPTER-1
INTRODUCTION
1
INTRODUCTION
Sikka group Established in 1986 by Gurinder Singh Sikka, Sikka group is engaged in
diverse fields like real estate developments, automobiles, hospitality, education, outdoor
advertising media business and filling stations. Like India bulls inaugural projects, the
group ventured into real estate development by participating in open auctions with
government bodies. Some of the groups completed projects include Sikka Palace in
Chandigarh, Sikka trade complex and Sikka Ekta House in Delhi.
Sikka Groups projects offer lucrative opportunities for investment, considering its large
portfolio in diverse segments of real estate which helped the company emerge as a
brand in the real estate market of Delhi-NCR region.
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ABOUT INDUSTRY
Sikka Group Housing& Commercial development industry is growing at a rapid pace but
the Challenge is getting the right service provides and builders or promoters. Sikka
Group of companies are today considered as one of the best housing and building
service provides and have a very rich and enviable track record. We have the best of
architects, builders, Chartered, engineers who can help identify the right area for such
home, apartment and other such residential construction. We have been able to create
a niche for ourselves in the field because of the simple fact that we understand the
construction and the domestic housing industry better than many others. This is
because of our rich experience in this field and our ability to offer different types of
solutions keeping in mind specific needs and requirements of customers.
We have been able to become so very successful because we have been able to
handover dozens of completed projects over the past many years. We have not
restricted ourselves to one geography but have spread our wings far and wide. We have
been able to acquire some of the best of lands in a fair and transparent manner where it
is a win-win situation for all those concerned and all the stakeholders. Further, we take
into account the needs of all sections of society and are able to offer the right kind of
homes, apartments and other such constructions taking into account budgetary
constraints and other factors into account.
Hence at the end of the day there is no doubt that we are just beginning to make our
presence felt on the constructions industry and it will not be long before we well and
truly move across regional and state boundaries and touch the lives of thousands of
home aspirants across the country. We are sure our previous records will speak for
themselves and we certainly will be setting new benchmarks.
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COMPANY PROFILE
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SIKKA GROUP COMMERCIAL AND RESIDENTIAL PROJECTS
There is no doubt that when it comes to quality home constructions, whether they are
flats, apartments, villas, penthouses or individual homes there is hardly any doubt that
they can offer the best possible solutions. They have been in this line of business for the
past many years and their track record is extremely good to say the least. The Sikka
Group offers the best of dwelling units cutting across various budgets and price ranges.
This is what makes them so very special. Further it also would be pertinent to mention
that they have also have an excellent track record for timely completion and handover of
projects and this is what well and truly makes them a complete service provides in the
true sense of the term.
There are a number of projects which they have successfully completed and they are
testimony to the quality, workmanship, architecture, style and luxury which they offer to
their customers. They are a constructions company who believe that tomorrow should
always be better than today. They work tirelessly towards fulfilling their main objectives
and are willing to leave no stone unturned towards this step.
Over the years they have come up with many successful projects and the customers
are very happy with the quality of construction, the quality of fixtures and fittings, the
quality of common outdoor facilities and other such offerings to their customers. Further,
all the projects which Sikka Group has completed are located in very goods areas and
all the amenities and civic facilities are within very short distances.
Hence, there hardly is any doubt that it offers the best value for money to customers. All
customers who have invested in properties of Sikka Group have seen their investments
many times over within a short period of time. This certainly is a big testimony to their
commitment and objective towards their customers.
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SIKKA GROUP COMMERCIAL PROJECTS
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SIKKA GROUP RESIDENTIAL PROJECTS
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4. Sikka Kaamya Greens
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8. Sikka Fortune Greens
Location: Dehradun
Project Area:
Type: Residential
Sizes: 585-1910 sqft
Sizes (BHK): 1/2/ 3/ 4
Starting Price:
Payment Plan:
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SIKKA COMPLETED PROJECTS
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ABOUT SIKKA KIMAYA GREENS, DEHRADUN
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Sikka is a North India' leading premier Real Estate Developer, currently developing in
excess of 7 million sqft. of prime real estate, with over 12 projects in Northern Part of
the Country in different cities who has recently introduced the concept of branded office
spaces, with offerings at every level, from world-class corporate offices to large-scale
office campuses to signature boutique offices for growing businesses. Now Sikka has
further extended its promise of luxury living by introducing a Luxury project Sikka
Kimaya Greens at Dehradun, the capital of Uttrakhand.
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SPECIFICATION SIKKA KIMAYA GREENS
General
Earthquake resistant structure zone iv complaint designed by highly experience
structural engineers.
Super Structure:
Sheer wall structure with columns, r.c.c slabs and beams with brick wall partitions in
between.
Designed by it engineers (as per is code).
Flooring
Italian Stone.
Drawing & Dining.
Master Bedroom.
Lift Corridor/ Lift Faade
Powder Toilet.
Wooden Flooring
Bedrooms.
Study Room.
Tiles
Kitchen Floor (Anti-Skid Tiles).
Kitchen Wall (Spanish Tiles).
Toilet Floor (anti-skid Tiles).
Toilet Wall (Spanish Tiles).
Balcony (anti-skid Tiles).
Terrace (Anti-skid Tiles).
Granite Stone
Master Toilet (floor/ Wall).
Powder Room (floor/wall).
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Kitchen
Granite Top Working Platform.
Modular Kitchen.
Stainless Steel Sink.
Spanish Tiles 2 Feet Above Working Platform With Chrome Finish Sanitary ware.
(Jaquar/ Equvalient).
External Finish/Lift
Modern and Elegant Outer Texture with Weather Proof Paint with Stone With Plaster.
Decorative Lobby with Wood / Tiles and Texture Paint.
External Faade.
Exterior with Superior Paint Finish
Water Supply
Underground and overhead water tanks with pumps for uninterrupted water supply.
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SIKKA KIMAYA GREENS MASTER PLAN IN DEHRADUN
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SIKKA KIMAYA GREENS SAMPLE FLATS AND BUILDING
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SIKKA KIMAYA GREENS FLOOR PLAN
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Type 3 (3BHK+5T+Family Lounge+ Bar +SR +Private Lift Lobby)
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SIKKA KIMAYA GREENS PRICE LIST
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SIKKA KIMAYA GREENS PAYMENT PLAN
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CHAPTER-2
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PROMOTIONAL STRATEGY OF SIKKA GROUP
Definition
Product promotion is one of the necessities for getting your brand in front of the public
and attracting new customers. There are numerous ways to promote a product or
service. Some companies use more than one method, while others may use different
methods for different marketing purposes. Regardless of your company's product or
service, a strong set of promotional strategies can help position your company in a
favorable light with not only current customers but new ones as well.
Contests
Contests are a frequently used promotional strategy. Many contests don't even require
a purchase. The idea is to promote your brand and put your logo and name in front of
the public rather than make money through a hard-sell campaign. People like to win
prizes. Sponsoring contests can bring attention to your product without company
overtness.
Social Media
Social media websites such as Facebook and Google+ offer companies a way to
promote products and services in a more relaxed environment. This is direct marketing
at its best. Social networks connect with a world of potential customers that can view
your company from a different perspective. Rather than seeing your company as "trying
to sell" something, the social network can see a company that is in touch with people on
a more personal level. This can help lessen the divide between the company and the
buyer, which in turn presents a more appealing and familiar image of the company.
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Mail Order Marketing
Customers who come into your business are not to be overlooked. These customers
have already decided to purchase your product. What can be helpful is getting personal
information from these customers. Offer a free product or service in exchange for the
information. These are customers who are already familiar with your company and
represent the target audience you want to market your new products to.
Product Giveaways
Product giveaways and allowing potential customers to sample a product are methods
used often by companies to introduce new food and household products. Many of these
companies sponsor in-store promotions, giving away product samples to entice the
buying public into trying new products.
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Branded Promotional Gifts
Giving away functional branded gifts can be a more effective promotional move than
handing out simple business cards. Put your business card on a magnet, ink pen or key
chain. These are gifts you can give your customers that they may use, which keeps
your business in plain sight rather than in the trash or in a drawer with other business
cards the customer may not look at.
An in-store customer appreciation event with free refreshments and door prizes will
draw customers into the store. Emphasis on the appreciation part of the event, with no
purchase of anything necessary, is an effective way to draw not only current customers
but also potential customers through the door. Pizza, hot dogs and soda are
inexpensive food items that can be used to make the event more attractive. Setting up
convenient product displays before the launch of the event will ensure the products you
want to promote are highly visible when the customers arrive.
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THE 6PS OF MARKETING
PRODUCT
PRICE
PROMOTION
PLACE
PEOPLE
PROCESS
Product
Because people buy benefits, not products, we focus on what your customers think of
your brand, how they use your products and services, and who or what they see as the
logical alternative to what you have to offer.
Price
Promotion
Promotion lays out what and where you tell the world about your products or services to
encourage more customers to buy more of what you have to offer more often. We like
benefit-driven promotions that support a superior value proposition.
Place
Place can make or break a new or established brand and can be used to differentiate
your brand from the competition. Province, city, neighbourhood, street, store design, in-
store product position, display type and product size are just a few of the variables that
affect sales. While we've used a terrestrial example here, place is equally
important online.
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People All companies are reliant on the people who run them from front line Sales
staff to the Managing Director. Having the right people is essential because they are as
much a part of your business offering as the products/services you are offering.
Processes The delivery of your service is usually done with the customer present so
how the service is delivered is once again part of what the consumer is paying for.
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ADVRTISING AND PROMOTION
1. Mass Marketing:- This will focus on providing the maximum coverage for the
project. The key element of this will be:
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CHAPTER 3
RESEARCH METHODOLOGY
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RESEARCH METHODOLOGY
Research Process
The research process has four distinct yet interrelated steps for research analysis it has
real estate market:
Determination of information research problem.
Development of appropriate research design.
Execution of research design.
Communication of results.
Each step is viewed as a separate process that includes a combination of task, step and
specific procedure. The steps undertake are logical, objective, systematic, reliable,
valid, impersonal and ongoing.
Exploratory Research
The method I used for exploratory research was
Primary Data
Secondary Data
Primary Data
New data gathered to help solve the problem at hand. As compared to secondary data
which is previously gathered data. An example is information gathered by a
questionnaire. Qualitative or quantitative data that are newly collected in the course of
research, Consists of original information that comes from people and includes
information gathered from surveys, focus groups, independent observations and test
results. Data
gathered by the researcher in the act of conducting research. This is contrasted to
secondary data, which entails the use of data gathered by someone other than the
researcher information that is obtained directly from first-hand sources by means of
surveys, observation or experimentation.
Primary data is basically Collected by Getting questionnaire filled by the
respondents.
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Secondary Data
Information that already exists somewhere, having been collected for another purpose.
Sources include census reports, trade publications, and subscription services. There
are two types of secondary data: internal and external secondary data. Information
compiled inside or outside the organization for some purpose other than the current
investigation Researching information, which has already been published? Market
information compiled for purposes other than the current research effort; it can be
internal data, such as existing sales-tracking information, or it can be research
conducted by someone else, such as a market research company or the U.S.
government.
Secondary source of data used consists of books and websites
My proposal is to first conduct a intensive secondary research to understand the full
impact and implication of the industry, to review and critique the industry norms and
reports, on which certain issues shall be selected, which I feel remain unanswered or
liable to change, this shall be further taken up in the next stage of exploratory research.
Research Design
Research design is a conceptual structure within which research was conducted. A
research design is the detailed blueprint used to guide a research study towards its
objective. It is a series of advanced decision taken together comprising a master plan or
a model for conducting the research in consonance with the research objectives.
Research design is needed because it facilitates the smooth sailing of the various
research operations, thereby making research as efficient as possible yielding
maximum information with the minimum effort, time and money.
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Descriptive Research
STEPS in the descriptive research:-
Collection of information.
Analysis of information.
Data Collection
Data collection took place with the help of filling of questionnaires. The questionnaire
method has come to the more widely used and economical means of data collection.
The common factor in all varieties of the questionnaire method is this reliance on verbal
responses to questions, written or oral. I found it essential to make sure the
questionnaire was easy to read and understand to all spectrums of people in the
sample. It was also important as researcher to respect the samples time and energy
hence the questionnaire was designed in such a way, that its administration would not
exceed 4-5 minutes. These questionnaires were personally administered.
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Sample area
Dehradun
Sample Size
100
Sample Unit
Customers
Sample Technique
None of these
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CHAPTER 4
34
1. Gender:
a) Male b) Female
Female
24%
Male
76%
Inference:-
From the above diagram it is found majority of the respondents are belongs to Male
(76%) and rest of the respondents are belongs to Female.
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2. Age:-
14%
23%
18-27
28-37
38-47
17%
Above 48
46%
Inference:-
From the above diagram it is found majority of the respondents are falls of age28-
37(46%).
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3. Occupation:-
Occupation
Govt. Employee
27% Private
Other Employee
Self Employee 37% 34%
32%
Others
3%
Student
4%
Inference:-
The above diagram is shows majority of respondents they are Private employee (34%)
and rest of those who are falls on Govt. employee, Self employee, and other category
and few of them some respondents are Students.
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4. Income (Monthly):-
Income
30k-40k
11%
Above 60k
35% 40k-50k
22%
50k-60k
32%
Inference:-
From the above diagram I found that most of the respondents income had Rs.60k
(Above) & 32% peoples income had falls Rs.50k-60k.
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5. How do you come to know about Sikka group residential Apartment?
Sources of Ads.
Newspaper Television Ads. Hoardings Others
11%
40%
26%
23%
Inference:-
From the above diagram shows that majority of the respondents can know about Sikka
group through Newspaper Ads. & rest of the peoples they come to know through
Hoardings.
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6. Do you know Sikka Group?
Particulars Respondent %
Yes 45 45
No 55 55
Response
45 Yes
55 No
Inference:-
Out of 100 respondents, but 45% respondent said yes in market and 55% respondent
said no.
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7. Are you interested to know about Sikka Group in Dehradun?
Particulars Respondents %
Yes 60 60%
No 40 40%
Response
40
Yes
No
60
Inference:-
Out of 100 Responds, 60% said yes but 40% said no because they are not interested to
know about Sikka Group.
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8. Would you like to buy the Sikka Groups products?
Particulars Respondents %
Yes 30 30%
No 70 70%
Response
Yes
NO
70
Inference:-
Out of 100 responds, 30% said yes because they wants to the products and satisfied
but 70% said no because the price is high and problem in location.
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9. Why are you choosing Sikka Product?
Particulars Respondent %
Location 25 25%
Sikka Appartements
10
25 Facilities Base
Location
Price Base
65
Inference:-
spondents, 65% say that buying facilities base choosing, 25% said that
Out of 100 respondents,
location and 10 said that price based buying Sikka products.
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10. Any specific services that you want from Sikka Group?
Particulars Respondent %
Yes 65 65
No 15 15
Other 20 20
Service
20
Yes
No
15 Other
65
Inference:-
65% of total respondents said that the service is excellence keep extra, 20% said no its
service is slow and 15% no response.
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11. Will you think of changing your service of Sikka if better service are provided?
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Yes
No
78
Inference:-
78% said that yes because they are attractive of this opportunities and 22% No because
they not interested because its payment procedure is not good.
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12. Is there defect on these products or not?
Particulars Respondent %
Yes 17 17%
No 83 83%
17
Yes
No
83
Inference:-
After analyzing all the respondents I found that only 17% respondents that they got
defect free finish products where as 83% found defective output i.e. finished product.
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FINDINGS
During my study I found that most of the respondents are unaware about the
Sikka Group.
60% respondents are interested in Sikka Group.
The another findings is that 70% people are not interested to buy Sikka
residential apartment.
65% peoples are chooses Sikka residential apartment on basis of facility and
25% peoples are chooses Sikka residential apartment for location based & few
customers are interested in priced based.
65% peoples they wants other specific service in Sikka Group residential
apartments &rest of the peoples they dont wants any specific services in Sikka
Group.
78% peoples are they dont wants any changes in services.
After analyzing all the respondents I found that only 17% respondents that they
got defect free finish products where as 83% found defective output i.e. finished
product.
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CHAPTER 5
RECOMMENDATION
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RECOMMENDATION
The company should promote about the entire feature offered by it.
The strategies formulated by the marketing department must be after SWOT
analysis.
There is a direct connection of real estate sector with the other forms of
industries. So, accurate information should be considered while using marketing
research.
The culture of India should also used in promoting these programmes but should
be maintained properly.
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CHAPTER 6
CONCLUSION
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CONCLUSION
India has enormous potential in all its property investment categories. Strong population
growth, a large pool of qualified workers, grater integration with the world economy and
increasing domestic and foreign investment are fuelling demand for office, retail and
residential property. Although not discussed in depth in this paper, this demand growth
can also be applied to many special property classes , such as hotels or second
homes. Mainly people want good location . Power back is a task for real estate
company. But also possess the expertise in market analysis to the promote the real
Estate.
Sikka are now a central feature of consumer marketing, they are important in building
long-term relationships with the consumer, irrespective of the type of market.
I would like to suggest Sikka Group to indulge itself into Inbound Marketing, sponsor
events, hoardings and they can go for organic search results on search in market such
as Google which will help Sikka group to gain attention from its target group and
increase its market share. In Dehradun Sikka Group perform and its products sales on
the based facilities like flooring and good location.
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CHAPTER 7
LIMITATIONS AND
SCOPE OF THE STUDY
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LIMITATION AND SCOPE OF THE STYDY
It is well known fact that constraint and limitations are bound to be present in any study
The major limitation which was faced during the project was shortage of time.
survey.
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BIBILIOGRAPHY
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BIBLIOGRAPHY
Books
KOTHARI, C. R. (2015). Research Methodology (Third Edition ed.). New Delhi: New
Age International (P) Limited.
Varshney, D. R. (2016). Marketing Management. New Delhi: Sultan Chand & Sons.
Website
www.google.com
www.wikipedia.com
www.sikka.in
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ANNEXURE
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QUESTIONNAIRE
1. Name (Optional):-
2. Gender:-
3. Age:-
4. Occupation:-
5. Income (Monthly):-
(a) Newspaper (b) Television Ads (c) Roadside Hoarding (d) Others
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8. Would you like to buy the Sikka Groups products?
10. Are you satisfied with our services and infrastructure Design?
11. Any specific services that you want from Sikka Group?
13. Will you think of changing your service of Sikka if better service are provided?
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