The first meeting of Manovsis Management Committee was held at konkan Bhavan, Kalyan Nagar, Bangalore. Special thanks to Mr.Arun for journeying with us and for arranging the venue and refreshments for our meeting.
the meeting began with a prayer at 10.30, Shortly after, with a brief introduction of each other, the team got into the purpose of the meeting, i.e planning the next phase of the company for the next three years in content and context, namely on affordable housing.
MAJOR POINTS OF DISCUSSION
Review of the Last three years it was briefly stated by Elias, the convenor, on the journey made in the last three years and the eventualities that following on account of demonitization and GST. Barring the first year, the company proved to be profitable, thanks to the hard work of the team. The team was also presented with the Plus and Minus of the journey, on the success and the constraint factors, namely from people, market, sales, Govt Policy perspectives etc. Elias, the convenor of the meeting, said, since we have already created a story by walking the talk, it is time to move on to what is urgent and important, and be aligned to the mission, namely affordable housing. Since the objective of the company is to work towards affordable housing from a socio entrepreneurship model and to work on volume of scale from the shareholders’ perspective, it was decided to move from a self-executory model towards enabler model in affordable housing.
Presentation of the Enabler Business Model: Elias presented to the team the importance of an enabler model to create volume of scale in affordable housing. He proposed to the team various social models and highlighted the importance of an ‘embedded integration enabler Model’ in affordable housing (i.e.Value Creation by leadership participation in affordable housing). in a simple way, we make it happen by using the existing promotors and builders, who have a strong socio and ethical credibility and are aligned to our vision and mission. We do it by a participatory role from outside.
Mr. Arun’s Contribution: Mr Arun focused on land and house, namely while suggesting on Land, he distinguished between three types of zones – Green, Yellow and Red. He stressed on the importance of Green towards affordable housing, as it is cost effective. on the nature of the houses, he also suggested that while highlighting affordability, we need to focus on types of houses, types of material and rates for each unit.
Presentation of the Finance Model: Mr. Ponnappa presented the sample finance model with its proposed figures. the models consisted of Service/Management fee from Donor, Service/Management fee from Beneficiary or Service/Mgt fee from both. while doing the pro-con analysis of the model, the team felt it is not advisable to place the burden on the beneficiary. apart from this, Elias suggested that we need to focus on impact investor model (build and sell) which will serve double benefits, namely while it enables the housing volume at affordable rates (beneficiary), it also helps the investor to create considerable profit margin on a sustainable basis with a product life-cycle