TOP NOTCH RESIDENTIAL AND COMMERCIAL PROJECTS
about us
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Capricorn Group
Company Overview
Capricorn Group is a leading player in the real estate sector since 1987. Our craftsmanship is evident from the worldclass residential and commercial projects undertaken for our end consumers. We have a diverse spread of projects that includes:
REAL ESTATE
HOSPITALITY
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Vision & Mission
VISION
Administer the Best
MISSION
Building visions. Creating reality
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CORE VALUES
pride in each service
24X7 SECURITY
Our customer relation extends beyond the sale; ensuring a healthy customer care process
INTEGRITY
As foremost standards of conduct, we always do what is right, fair, and ethical
TRANSPARENCY
We share appropriate information in an honest and open manner
TRUST & LOYALTY
We believe in a culture of collaboration, trust and genuity in approach, thus enjoying customer loyalty
OUTSTANDING SERVICES
We strive to excel in the areas of active communication, accurate delivery and dedication to achieving the client’s objective
CUSTOMER ORIENTATION
All activities and programs we undertake result in innovative projects and in the enhancement of productivity and quality
OPPORTUNITY & GROWTH
Our objective is to transform the opportunity into an even better state of investment than before
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CHAIRMAN’S MESSAGE
Excellence in our business is a goal that we strive for, and we, the Capricorn Group, have the desire and ambition to provide premium services and products that hold high values and contributions. To deliver innovative, integrated luxurious products from idea to implementation, and strive to serve our clients is our prime agenda. Our work consistency and future vision in the field of investment and development of real estate allow us keep pace with the requirements of change. Therefore, that grants us to adapt and inculcate the ability to focus on the needs of the real estate market of commercial and residential projects.
Today, with the growth of the real estate market and investment strategy within the industry, it is important for the investor to realize the core values of specialization and work on a clear vision and objectives to achieve success.
From here, we developed our investment rules – function integrally, select the right partners and allies, execute the projects and then follow the transition from conception, financing, constructing, marketing, and sales of various real estate projects.
We will work with all our resources and to achieve our dream and objectives in collaboration with our clients, and we will provide the best requirements for the commercial products that meet our target range.
Continuity in our business, to take care of the interests of our client and aim to perfection in the manufacturing process, is what we do at the Capricorn Group. We concentrate on the luxury living and aspire to create a global business that will efficiently respond to the diverse community.
Prior to relocating to the UAE, I held a senior management position in the real estate family business in the UK for over 10 years. Currently spearheading Trafalgar properties LLC’s growth strategy in residential development, commercial investments, hotels, land acquisition, and sales in Indian and UK market, my skills have enhanced and a there exists a thought of expansion in this domain every growing minute. The expansions and development never stops, it only grows, and this is something we intend to impart with every being associated with the Capricorn Group.
Our values, fidelity to business and innovative approach have made our businesses strong and successful in the process of active development. It became possible thanks to the high skill and creative start of our employee.
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LEADERSHIP TEAM
THE TEAM
MR. VIMAL MANOT
Business Head
A part of the Capricorn Group since 1995, Mr. Manot holds a professional degree in Chartered Accountancy, and has over 25 years of experience in business development, land banking & land development. His commendable efficiency is echoed in the growth story of the Capricorn Group.
A highly influential and approachable individual, and a master multitasker, Mr. Manot’s role as the Business Head has been of the utmost value to the Capricorn Group. His passionate nature of always striving for the best and ‘never say never’ attitude has made him the leader everyone looks up to.
MR. SUDHIR NAIR
Chief Finance Officer
Mr. Sudhir is the Chief Finance Officer at the Capricorn Group with 25 years of experience. His expertise lies not only in the strategic financial planning, but also in budgeting, capital planning, cash flow management, and financial operation. Mr. Sudhir’s forte lies in analysing business operations, trends, costs & revenues, financial commitments & obligations to future revenue, and provide advice, financial or non-financial.
He is a rank holder in MBA degree in finance from Mumbai University and Diploma in Information & System Management from Aptech. He introduced the concept of monthly rolling budget and 5 years AOP which helped in controlling cost and timely delivery, responsible for company’s financial affairs, establishing financial policies and procedures. He played a key role in settling a PE deal, in the process saving over INR 10 cr. for the organization, he introduced a formal MIS format across all businesses units for monthly reviews and SKU wise profitability tracking.
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OUR PARTNERS
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NRI Corner
Non-Resident Indian (NRI):
An Indian citizen residing abroad for employment or Business purposes OR pursuing a vocation outside of India or residing abroad for at the least 182 days in a Calendar Year is classified as an NRI. (We need to put here the minimum no of days that a person of Indian Origin has to be out of India to be classified an NRI)
Overseas Corporate Body (OCB):
A corporate body that is predominantly (at least 60%) owned by individuals of Indian nationality or origin who are residents outside of India. It includes overseas companies, partnership firms, societies and other corporate bodies as well as overseas trusts in which at least 60% of the beneficial interest is irrevocably held by such persons residing Internationally.
Person of Indian Origin (PIO):
Individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who has at any time held an Indian passport or whose father or grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955.
Facilities available to NRIs/OCBs:
1. Maintaining bank accounts in India
2. Depositing funds with Indian firms and companies
3. Investing in securities and shares of Indian firms and companies
4. Investing in immovable property in India
Purchasing immovable property in India:
NRIs and PIOs can freely purchase residential and commercial property in India (except in the state of Jammu & Kashmir).
Permission in connection with purchasing immovable property in India:
In accordance with the general permissions granted by the Reserve Bank of India, NRIs can purchase property, other than agricultural land/farm house/plantation property, provided that the purchase consideration is met either by inward remittances in foreign exchange through normal banking channels or by funds from the purchaser’s NRE/FCNR accounts, those maintained in Indian banks and a declaration is submitted to the Central Office of the Reserve Bank of India along with Form IPI 7 within a period of 90 days from the date of final payment of purchase consideration.
Loans in regard to purchasing residential property:
For the purpose of acquiring residential property in India, NRIs can procure loans from certain RBI approved financial institutions (like HDFC, LIC Housing Finance Ltd.) and authorized dealers, subject to certain conditions. The criteria regarding the purpose of the loan, margin money and the quantum of loan are in tandem with those applicable to resident Indians, provided that the repayment of the loan is expected to be achieved in a period not exceeding 15 years, out of inward remittance through banking channels or out of funds held in the investors’ NRE/FCNR/NRO accounts.
Selling properties held in India:
NRIs are legally permitted to sell the properties that they hold in India without procuring any special permission from the Reserve Bank of India.
NRI FAQ
First, you need to define your requirements and preferences. Here are some tips that may help you prioritise:
- Purpose of purchase – investment, lease or moving in – What is the main purpose of purchase and is it likely to change in the near future?
- Type of house – apartment, row-house, or bungalow – What suits your family’s needs the most?
- Location preference – residential, commercial, central or proximity to work/educational institute – What is your prime priority in this regard?
- Type of locale – secluded and quiet or commercial and bustling – What kind of neighbourhood would you and your family easily adapt to?
- Project type – gated community or lone tower – An Important lifestyle consideration
- Floor – ground floor with garden or higher floor with balcony/terrace – Again an Important consideration if you have children, elderly family members and pets
“Carpet area” refers to the total usable area within the four walls of an apartment or a commercial space. It is termed so because it refers to the area for which a carpet can be laid if required.
“Built-up area” includes the space covered by the thickness of the inner and outer walls, over and above the carpet area.
“Super built-up area” is the built-up area along with the area occupied by common spaces such as the lobby, lifts, stairs etc. This term is therefore only applicable in the case of multi-dwelling units.
Floor Space Index (FSI) is the ratio of a building’s total floor area (Gross Floor Area) to the size of the piece of land upon which it is built.
FSI = (Total area covered on all floors of the building) / (Area of the plot)
FSI is also known as Floor Area Ratio (FAR) or Floor Space Ratio (FSR).
When you are buying a flat from a builder in a building which is under construction, you must check the following:
- Approved plan of the building along with the number of floors
- Ensure that the floor you are buying has been approved
- Check if the land on which the builder is building is purchased by him or is it under an agreement with an existing landlord. If so, check the title of the land ownership with the help of an advocate
- Check the building bylaws as applicable in the respective area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc.
- Check specifications given in the agreement to sell of the sale brochure
- Check the reputation of the builder
- Ensure whether the urban land ceiling NOC (if applicable) has been obtained or not
- NOC from the water and electricity authorities along with an NOC from lift authorities also need to be obtained
