Mumbai Office:

Office No 223, 2nd Floor,

Satra Plaza, Palm Beach Road,
Sector – 19, Vashi,
Navi Mumbai - 400 705

Office No. 401A, Suashish IT Park,

Off Datta Pada Road, Near Neha
Industrial Estate,
Borivali East, Mumbai 400 066

Indore Office:
Office No. 308-309 3rd Floor,
Anmol Sagar Darshan,
9/1, Near Mangilal Doodhwala,
New Palasia, Indore 452001.

Pune Office:
Office No. 304, 3rd Floor, Mantri
Terrace,
Thube Park, Near
Sancheti Hospital,
Shivaji Nagar, Pune-411005

Contact
Govt. Approved Valuer Rupesh Kumar MRICS
License Surveyor BE Civil, MBA
Project Consultant rupeshkumar@creativevaluers.com
TEV Study Phone: 9930912579
Creative Valuers & Engineers Private Limited is an end-to-end valuation and
consulting company. Our professionals have wide experience in the field of
valuations of tangible assets such as immovable properties, plant, machinery and
intangibles such as brand, goodwill, and patents.

We have expertise to underwrite and value all type of Residential, commercial,

Industrial properties and can prepare the feasibility/viability studies of under
construction project or vacant Land for Retail, SME and construction funding.

We also have expertise in the areas of project management and financial appraisal
of projects, preparation of Techno Economic Feasibility Studies. We also provide
consultancy in the areas of construction finance and Asset management.

We have a team of experienced and qualified professionals including engineers,

chartered accountants, economists, financial planners and actuaries.
Our Core Value Statement is:

Teamwork makes us “PRIDE”

 Process
 Respect
 Integrity
 Discipline
 Excellency

With great courage, integrity and excellence we embrace our

responsibility to give our domain specific services to our
1. BUSINESS VALUATION
Transaction Purpose:
• Business purchase and sale: Right price to pay or accept for
a business.
• Valuation of Unlisted Companies, businesses, shareholdings,
goodwill, know-how, brands and other intangible assets
• M&A (Mergers & Acquisition), Recapitalization,
Restructuring, LBO, MBO.
Compliance/Litigations:
• Bankruptcy and Contractual disputes, Ownership disputes
• Intellectual property disputes
• Fair value accounting
• DCF valuation under FEMA.
Planning:
• Estate planning, Personal financial planning,
• M&A planning, Strategic planning
• Valuation opinions for unquoted debt or equity instruments
• Investment decision analysis.
2. TANGIBLE ASSET VALUATION
We have extensive experience in Asset valuations and offer a
wide range of associated consulting services for our clients. It
covers a wide range of property related matters, Commercial &
Industrial Valuations, Farm House, Hotels, Warehouse, Land
valuation, Open market valuations for Survey, mortgage,
Taxation, sale, purchase, etc.
We have a longstanding reputation in the field of real estate
valuation and associated consultancy work.
As a group we offer a wide range of services to our clients who
include:
• Investors
• Banks/Financial institutions
• Accountants
• Retailers
• Attorneys
• Statutory Bodies for Taxation purpose.
3. INTANGIBLE ASSET VALUATION
Intangible assets are emerging as main drivers to the value of
businesses. To understand the importance of intangible is
qualitatively easy but to measure and communicate the same
quantitatively is little complicated. Many bankers and financial
institutions are now accepting the reputed brands and strong
intangibles as collateral security. Hence the financial
measurement of intangibles is being recognized and the same is
manifested in the valuation of brand, valuation of Intellectual
Property and other intangibles adding to the bottom line. We
have the expertise to estimate value of Intangible assets and
Brand using globally accepted approaches.

Categories of Intangible Assets:

• Brands, trademarks, trade names, service marks, internet
domain names, non-competition agreements.
• Licensing and royalty agreements, advertising, service or
supply agreements, lease agreements, franchise agreement.
• Patented Technology, Computer Software.
Specialized Services/Valuation:
• Under Specialized Services we provide Valuation Services &
Consultancy for both Movable & Immovable Assets and Also
cover Stage-linked Project Valuation.
4. TECHNO ECONOMIC FEASIBILITY STUDIES
A Techno Economic Feasibility Study enables the authorities to
make an investment decision regarding the project. It
determines the technical feasibility and financial viability of the
project, assess the risks associated with the project and specify
imminent actions that are required to be taken. It helps a client
get a detailed evaluation of a project.
Benefits:
• It helps a client make an investment decision based on:
• Technical feasibility of the project.
• Financial viability of the project.
• The risks associated with the project.
• Actions required for risk mitigation.
5. PROJECT MONITORING CONSULTANCY (PMC)
We provide industry-leading consultancy on engineering,
inspection, project management, construction management,
approval traceability, regulatory and market challenges to our
valued clients in construction and finance industry.
Made a team that manages and/or review projects with an in-
depth understanding of the construction process. Our
innovative team understands that successful relationships with
our clients depend on our ability to manage each project from
the clients' perspective and on consistently delivering beyond
expectations. Your project is our priority.
Aiming at minimising our clients’ risk by providing them with
independent expertise, opinions and advice, we offers n
Dedicated project monitoring services at Mumbai, Pune and
Indore. Competent consultancy during the entire project and
milestone monitoring. Also comment on fund utilisation vis a
vis the stage of construction. Detailed reporting including
photographs details on various activities going on the
site. Enable you to “TO KNOW THE EXACT STATUS OF THE
PROJECT” funded by Banks/FIs. Project supervision by
competent person and Continuous overview of project progress
 Technical Due Study of
Requirements
Diligence & Implementation
Collection
Viability Check Schedule

Cost Analysis Financial

viz-a-viz Feasibility of Report
Construction Project as on Compilation
Stage Date
 Ratio : Constrcution
Budget Abstract area vs Carpet area

Project Name : Sample Construction Area 49,163.49 Sft 3.05

Budget Type : Revision 2 Date: 07-08-2017 carpet area in Sft

Budget Estimate for Residential Tower (1B+Plinth+E-level + Podium+Service 16,100

Floor+11 Floors) or Having 1 Tower
Cost Per Sft. of
Sr. Estimated % Cost % Cost
Cost Elements Total Construction % Cost (R2)
No. Project Cost (R1) -Incl Tax Incurred(Builder) Incurred(CVEPL)
Area (R1)

Site Preparatory Works : Initial Establishment, site office, site survey, borewell,
A 50,21,583 102 1% 100% 100%
Temp Electrical, Temp Water, temp DG, etc.
Site Admin :, Depatment Labour, Site Security, Pest control, Monsoon
B 2,97,61,636 605 7% 100% 82%
protection, etc.
B1.a Site Admin 77,29,944 157 2% 70% 60%
B1.b Plant & Machinary Charges 39,90,743 81 1% 62% 69%
B1.c Direct Labour 27,88,315 57 1% 60% 54%
B1.d Fabrication & Scfolding, Other Misc Work 24,30,652 49 1% 70% 70%
B1.e Clients Contractual staff 12,00,000 24 0% 26% 45%
B1.f Temporary Power & illumination cost 30,57,467 62 1% 100% 90%
B1.G Plumbing for construction 15,08,371 31 0% 100% 90%
B1.H Water & Electricity 70,56,144 144 2% 100% 90%
D Earth Work, Soling & Antitermite 32,34,493 66 1% 100% 95%
E Civil - Structure 0%
E.1.1 Pile - Piling, Guniting, Rock anchoring 1,65,44,259 337 4% 100% 100%
E.1.2 Concrete - R.C.C, P.C.C, P.C, I.P.S, Trimix, Pile Concrete 4,45,52,690 906 10% 78% 82%
E.1.3 Formwork 1,47,97,421 301 3% 80% 82%
E.1.4 Steel - Reinforcement & Structural steel 2,35,55,178 479 5% 80% 88%
E.1.5 Stone, Brick & Block Masonry 19,01,353 39 0% 71% 77%
E.1.6 Plastering & Rendering 56,48,150 115 1% 34% 24%
E.1.7 PT Work - - 0% 34% 24%
E.1.8 Stone, Brick & Block Masonry 19,01,353 0% 45% 45%
E.1.9 Plastering & Rendering 56,48,150 1% 34% 30%
E Total Civil Structure Cost 11,45,48,554 2,330 25% 62% 61%
 Updated Master Schedule Thursday, 8 February 2018

Expected Schedule as
Revised Schedule Delay as Expected Delay
Sr. No. Tower on date CVEPL Remarks
Duration Start Date Finish Date Duration Finish Date
on date end of the project

1 Tower A 1066.00 3-Oct-11 3-Sep-14 1228.00 12-Feb-15 162.00 162.00 COMPLETED

12-May-
15-Apr-15 19-Dec-17
2 Tower B 979.00 1123.00 18 143.00 144.00

Master Schedule updated Thursday, 8 February 2018

Monitoring Delay for the Period Cumulative Delay

Building Sr.No Remark
date Period Delay Period Delay

1 22-Jan-14 0 0 0 0
There was delayed till last week and
2 25-Feb-14 34 5 34 5
as on date it is
3 5-Mar-14 8 0 42 5
4 12-Mar-14 7 1 49 6
5 24-Mar-14 12 -8 61 -2 Labour Strick
Tower A 6 7-Apr-14 14 2 75 0
7 14-Apr-14 7 0 82 0
8 21-Apr-14 7 1 89 1 Aggregate Problem
9 28-Apr-14 7 3 96 4
10 5-May-14 7 0 103 4
11 19-May-14 14 5 117 9
12 26-May-14 7 4 124 13
 Approval Status CVEPL's Remarks
As on Date Six Aspirational Building
Partly Approved - As on Date Plans of Considered are partly approved whereas its
wings are approved as follows:Building C & D as proposed to be 2Basement + Ground +
2 Basement + Stilt/Ground Floor, Building G as 2 7th upper Residential Floor & 3
Basements + Ground Floor, Building H as 2
Plan approvals Affordable (not approved as affordable
Basements + Ground + 3rd (Part) Floor, Building J
& K as Basement + Ground + 7th Floor, Fitness it’s the terminology used by the
Center/ Club House as Ground + 1st Floor & for developer to represent those three
Plot A2 for Building L & M as Stilt +1st Floor. wings) as Ground + 30th Upper
Residential Floor.
Granted – Granted for Plot A Building C &
D as 2 Basement + Stilt/Ground Floor,
Building G as 2 Basements + Ground
To be revised in near future w.r.t
Commencement Floor, Building H as 2 Basements +
amendments in the approvals
Certificate (CC) Ground + 3rd (Part)Floor, Building J & K
as Basement + Ground + 7th Floor, Fitness
Center/ Club House as Ground + 1st Floor
& for Building L & M as Stilt +1st Floor.
Granted - Grant of environmental
clearance for Construction of proposed Its been Endorsed earlier for Rental Housing
Residential & Commercial project with whereas the developer had changed the
Environmental
MMRDA rental housing project at Balkum, proposal and received approvals with Zonal
Clearance
Dhokali, Kolshet, Thane ,Maharashtra by F.S.I only, revised E.C is likely to be available
M/s. Ishwar Realty & Technologies Pvt. in near future.
Ltd.
NOC from SWD Granted - Permission to construct storm water There are two Sewage Treatment Plant, one in
Department layout. basement of wing J in Plot A layout.
Overview of Project layout Excavation of ”X” Wing
Cost Incurred As per Builder- 65% Cost Incurred As per Builder- 4%
Const. Stage As per CVEPL- 47% Const. Stage As per CVEPL- 0%
Cost Incurred As per CVEPL- 66% Cost Incurred As per CVEPL- 4%
Building No 2- A, B & C Wing Building No 1- A & B Wing
Cost Incurred As per Builder- 72% Cost Incurred As per Builder- 32%
Const. Stage As per CVEPL- 64% Const. Stage As per CVEPL- 20%
Cost Incurred As per CVEPL- 82% Cost Incurred As per CVEPL- 35%
Mr. Shambhu is B.E. Civil Eng. & Masters in
Business Economics; with experience of two decades
(24 Years) in Credit underwriting in Retail and
Project Finance. Worked with Punjab National Bank
Housing Finance, ICICI Bank and Indiabulls at
senior levels, supervised multiple locations pan
India, and handled the team of Credit and Technical
team.
Membership / License:
• MRICS Membership No: 6711833
• Fellow of Institute of Valuers (India): F.I.V. (F-
21943)
• Chartered Engineer, Member, Institution of
Engineers (India) M-1499550
• Govt. Approved Valuer (34AB): Cat. I – 469
Mr. Rupesh is BE. Civil Engineering and EMBA in data
analysis. He is having experience for more than 15 years
in valuation of different types of immovable properties
and project approval for retail as well as commercial
loans. He has expertise in carry out the market survey
and preparing property price Index, feasibility report. He
has excellent domain knowledge of real estate practices
and byelaws. Worked with Reliance Engineering, ICICI
and Indiabulls HFC at senior levels, supervised multiple
locations and handled the Technical team.
• Membership / License:
• MRICS Membership No: 6717078.
• Fellow Member of Institute of Valuers (India):F.I.V. (F-
23624)
• Chartered Engineer, Member, Institution of Engineers
(India) M-1503795
Mr. Gopal Kumar has more than 19 years of
professional experience in the areas of Economic
Research, Academics, Business Journalism,
Insurance Analytics and Product Development,
Management Consulting, Private Equity Advisory,
Actuarial and Business Valuations. Gopal holds
B.Sc (H) Statistics, Masters in Business Economics
(MBE) specializing in Finance & Econometrics,
Diploma in Business Finance (DBF), Certified
Financial Planner (CFP) and Fellow Member of
Institute of Actuaries of India.
Mr. Sachin is B.E Civil, He has sound experience of
more than 14 years in Property valuation. He has
worked with DHFL & India bulls HFC as Senior
Manager and supervised multiple locations and
handled the team of empanelled Property Valuers.
Membership / License:
• Member of Institute of Valuers (India): A-23068
• Chartered Engineer, Member, Institution of
Engineers (India)
• M-149221-5
• Govt. Approved Valuer (34AB): Cat. I – 485
• Licensed Surveyor: BMC, Regn. number-
P/614/LS
Banks / Govt. Organisation
NBFCs