Wing Commander Tarachand Prasad (Retd) is a man with passion. Like many other ex-armymen, who develop varied interests and pursue them with single minded devotion after retirement, Mr Prasad has one aim in life---to give quality living space for the defence employess after their retirement .
A Post Graduate in Public Administration and a Gold Medalist in Post Graduate Diploma in Industrial Relation & Personnel Management (IRPM), he was an energetic Air Force officer and comes with nearly 24 years of experience in all the spheres of administration.
This has come in handy in the new space he has entered –the real estate. His innovative, proactive approach and deep understanding of market psychology and marketing has made him an ideal entrepreneur. He is attuned to corporate culture and also understands his social responsibilities. His commitment towards fair business practices, integrity and high morale values attract customers to his ventures.
“Having completed 24 years of service in Indian Air Force and now retired, along with other like-minded retired Air Force Officers, I have started a company Jupiter Infrastructure (Bangalore) Private Limited along with its subsidiary as Callisto Projects Private Limited with a clear vision” he says and adds, “ it is to create specific brand for Residential, Commercial, Industrial units, Farm houses, Villa sites, Weekend homes, Second homes, Rental homes, Raw houses, Township enclaves, Industrial parks and specific agricultural land. We are also aiming to create a ‘Sales Organisation’ which is comprehensive, trustworthy and aggressively focused.”
“ It has always been my ambition to serve and support the housing needs of defence personnel while planning for their re-settlement after leaving services and also to create a unique organisation with 80% ex-defence personnel. My approach has been to facilitate defence personnel by offering wide range of value driven products in property investment with title clearances, statutory compliances, customized quality development, safe and higher rate of returns”.
His completed projects bear a testimony to all these and more. Some of the ongoing projects include :
Defence Emplyees Welfare Society (DEWS), a A residential layout spread over 57 acres in Devanahalli, with all amenities in place. This is BIAAPA approved layout and Registration in progress. Syndicate Bank residential project at Devenahalli for the bank employees which is in a 20 acre land ; a defence enclave which is a 12- acre residential layout in Chikkaballapur , especially designed to house soldiers.
Melona—1 , a 12 ½ acres residential layout with 240 sites at Hosakote , converted to residential use and approved by BMRDA / HPA, situated 2 km from Hosakote town and abutting NH-4. Callisto Projects Private Limited, a subsidiary of Jupiter Infrastructure (Bangalore) Private Limited is the project development & marketing wing of Jupiter.
Callisto has a distinct mandate --catalysing the development & marketing of projects. The organisation has focussed on the commercialisation and development of infrastructure projects and creation of value added services. Callisto has devised innovative mechanisms to facilitate infrastructure products and services that add value to individuals, societies and corporate. Palm Coast—on the Chennai-Pondy east coast road is the signature project which is unique. Wing Commander Prasad is very excited about this project as it is conceived under a different platform.
Some of the product features include;
Fully furnished studio rooms, independent Duplex Row Villas (sizes ranging from 1591 sqft to 3951 sqft with indoor swimming pool. “The location is the major attraction. The project is coming up near the sea coast in the East coast road. The site is only 750 meters from the coast and is closer to Auroville (18 km), Pondicherry (28 km), Mahabalipuram (65 km) and Chennai – 124 km” he explains..
The project is coming up in 20 acres of landscaped coastal land and it will only have 22% built up area & 78 % I open lung space area. There are 140 fully-furnished Studio Rooms and 150 Independent Duplex Row Villas.
The project also includes all the luxury amenities like club house, swimming pool,, gym, steam & sauna, etc. The unique features include Wind Mill power generation, Solar water heater, Solar powered street lights, and Sewage treatment plants.
The fully furnished studio rooms come a 1 ton AC in the bedroom, Refrigerator, 22” LCD TV, One double cot with mattresses along with pillows, 2 side tables, 1 writing table with a chair, 1 dressing table with mirror, 1 wardrobe, 1 fan and suitable light fittings.
Return on investment
On completion, these Studio Rooms can be handed over to L’amicale Club for renting under a Leave & License Agreement. Monthly rental collected through such occupancy will be revenue accrued to the owners. Projected rental income from Studio Rooms could be as much as `.5,000 to `.10,000 PM.
The owner will also be entitled to avail 15 days free holiday with family in the club every year at any of the villas. Get monthly income, and appreciation in value of property. He also get a free membership to L’amicale Club in Chennai along with 177 other affiliated clubs across the country.
There are two options to the buyer:
ö Option I – Fixed Monthly Rental Income of `.5,000 p.m. with 10% increment every year.
ö Option II – Floating Rental Income depending upon occupancy on daily basis
Chennai : +91 99400 46864
Pondicherry : +91 97915 66130
Bangalore : +91 98450 77452 / 99860 99988
Others : +91 080 42420 808
email: sales@rebi.in
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