Frequently Asked Questions RMZ Corporate Below you will find some of the most popular queries we receive about our business. For more detailed information about our individual projects, visit the development section on our website. Give us a brief about RMZ Corp? RMZ Corp is India's leading corporate real estate developer and has set new standards in Real Estate Development. In just 7 years, RMZ has acquired and developed over 13 million square feet and today manages a property portfolio in excess of US $3 billion in real estate value across India. Elaborate on the origins of RMZ and how it has grown? RMZ Corp was established in 2002. A vision, years of preparation and study, and the realization that the real-estate industry was ready for a change, paved the way for the company's formation. What is the binding philosophy of RMZ Corp? The Binding philosophy of RMZ Corp is 'Being the Change' through the spirit of transparency, reliability and advancement. What is the total property portfolio of the company? RMZ manages a total property portfolio of US$3 billion. Do you have any fully-owned partnership or subsidiaries? One of our partners is AIG GRE which is the world's largest insurance company. We don't have any subsidiaries. Are you looking at any Mergers & Acquisitions (M&As) or Joint Ventures (JVs)? None at present. Elaborate on the Business Model of RMZ Corp. RMZ's Business model revolves around leasing assets and not selling, thus creating a long-term asset and value appreciation model. This also allows regular revenue generation helps maintain a healthy cash flow. What are the various verticals RMZ Corp is into? At present RMZ is into commercial spaces and has now entered into the retail segment. The other verticals that RMZ is will be entering soon are residential, hospitality and SEZs. Define your target segment In the corporate arena, our target segments are IT, ITES and MNC Companies. What are the USPs of RMZ Corp. projects? Unique Value Recognition Skills; In-house expertise; Access to deal flow; Market Cycle Experience & alternative sources of capital. Tell us about your portfolio of clients. Our client portfolio comprises of over 90 world-class corporations such as Accenture, Shell, E&Y, Reuters, Google, British Telecom, Broadcom, and Microland among others. Do you offer any Value-Added services to your clients? Yes the various value-added services we offer our clients are- Tenant relations, Tenant improvement and Asset management. Are you currently a member of any Trade organizations or associations? We are the founding member of The Indian Green Building Council and a member of the U.S Green Building Council. We also hold memberships in organizations such as CoreNet Global, Urban Land Institute, Confederation of Real Estate Developers Association of India and ICSC. Where are your offices located? We are headquartered at Bengaluru & our other offices are located at Chennai, Hyderabad, Kolkata and Pune. Where are the projects located? Why were these cities selected to build RMZ malls? Go to the Retail FAQ section. Are your projects eco-friendly? If so, what are the measures you have taken? Some of our projects are eco-friendly like RMZ Millenia in Chennai which has been awarded the LEED Gold certification. Our project, Ecospace at Kolkata is one of the first buildings in India to receive Platinum pre-certification by LEED (US Green Building Council). Has RMZ Corp. won any special Awards or quality certifications? Our project, Ecospace at Kolkata is one of the first buildings in India to receive Platinum pre-certification by LEED (US Green Building Council). How many employees work in RMZ Corp? Today we have over 250 employees across 5 cities. What is RMZ Corp's Management Mantra? The Management Mantra at RMZ is focused absorbing the best management practices in the world into our work. We constantly learn, evolve and create. Give us details about the core team of RMZ Corp. The Core Team consists of two Managing Directors - Raj Menda and Manoj Menda. The other Pillars of the Organization are- 1. CK Krishna 2. AN Venugopal- Sr VP Projects 3. BH Vinayak - Sr VP Projects 4. Yashodhan Joshi - VP Land 5. N Tejaswi - VP Design 6. Ashdeep Sethi - VP Investment and Alliances 7. Sowmia Narayanan- VP Finance 8. Jiji Thomas - VP Asset Management 9. Juggy Marwaha - V P leasing 10. G. Madhusudhana -Associate Vice President, Legal Please define the Corporate Social Responsibility initiatives taken by RMZ Corp. Being the Change is about caring about the environment in which we function. It is about investing in the health of the people who are our prime resources as well as safety for our employees. As our corporate social responsibility, we have initiated a Green School drive which will have a positive impact on the environment and will reach out to the young budding generation. RMZ Retail What is RMZ Retail? RMZ Retail is the newly launched vertical that is a perfect amalgam of shopping and entertainment. We will conceptualize, design, develop, manage and create high quality, multi-facility retail spaces. Our goal is to create a world-class ambience and atmosphere for customers and retailers alike. Tell us about your foray into the retail segment When RMZ Corp entered the Office Real Estate Segment, we had the belief that we could make a change to this otherwise unorganized industry. In the past 7 years, we have partnered with like-minded clients, who understood and appreciated our vision to bring a change in this industry. We have developed Grade A office Buildings that have been built on our values of reliability and transparency. Our client base is the testimonial to this. Retail today is relatively nascent - Generation one malls have come up. Some have worked and several others have failed to match the expectation of retailers and customers alike. We believe that the Industry and customers are ready for a more holistic approach to retail development. Retailers are looking for the very same values that RMZ is known for and we believe that we can easily replicate these fundamental core values into tangible asset for brands and their customers. What is RMZ Corp's Retail Business Plan? Our retail business plan is to create 12.6 million Sq.ft. of retail space in the next 5 years. In the period of 2008-2009 6.5 million sq.ft of retail space is already under planning. Where are the projects located? How do you plan to differentiate RMZ from competition? Our projects are located in Bangalore and Hyderabad. Can you give details about the Retail Projects? The following are the Malls in the pipeline: RMZ Galleria, Bangalore (11,00,000 sq. ft) RMZ Esplanade Hyderabad (10,00,000 sq. ft) The combined retail space would be 21,64,926 sq. ft. Do you offer retailers different types of lease agreements? Yes. There are two types of leasing agreements we follow: 1- Long term lease for Anchors, Cinema operators etc 2- Short term lease - 1 year for F&B, Kiosks etc We are also open and negotiating with retailers on a revenue share model. How do you plan to cater to the different categories of players in the retail market? During the initial concept design, detailed feedback is taken from our key anchors on their particular requirements. Details about frontage, storage areas, entry points etc are taken into consideration. The anchors occupy key critical mass of over 40% of our malls. Other store layouts are standardized. However, store placement will be 'category-wise' to ensure that our malls are all well zoned. Do you have any specialty malls? No, but we do have a premium section in each of our malls that is treated differently and uniquely compared to the rest of the mall. What Food & Entertainment avenues have been planned for these upcoming Malls? On the entertainment front we have tied up with PVR, leaders in the Cinema experience. For F&B we are in the process of tying up with restaurants. Each mall will have extensive food offerings, food courts, coffee shops scattered across the mall.