27, Dec 2024
Home is Where the Hill Is: Why Buyers Are Investing in Holiday Homes in Scenic Destinations
By-Atish Saxena, CEO, Atmosphere – Sarvottam Hill Town
With fast-paced lives in urban life, owning a peaceful, serene retreat amidst nature is what many Indian homebuyers find to be their dream. Rises in demand for the holiday homes or second home in hill stations and wellness destination have seen an uptrend in recent years. Aspirations of living, lifestyle upgrade and investment potential have fueled the requirement. Amongst all these emerging locations, Rishikesh has been the newest hotspot for attracting buyers through the metropolitan hubs like Delhi-NCR.
The Surge in Demand for Holiday Homes
Second homes have changed from being a luxury investment to an everyday lifestyle asset. The COVID-19 pandemic proved to be a catalyst since it compelled homebuyers to reevaluate their preferences. As remote working makes flexible lifestyles possible, the need for a holiday home that can serve as both a vacation retreat and a productive space has become a widely popular choice.
Holiday home demand in India has reportedly increased by 15-20% in 2024 compared to pre-pandemic levels, according to a recent report by Anarock Property Consultants. In fact, locations that can be reached by driving, such as Rishikesh, Nainital, and Kasauli, have seen a continuous flow of buyers. Delhi-NCR investors have, more than ever, found themselves leading the pack for Rishikesh, which encompasses nature, spirituality, and the modern world.
Why Rishikesh is the First Priority Second Home
Rishikesh is a perfect blend of the spiritual rejuvenation and peaceful nature of the Himalayas at the foot of this range along the banks of the Ganges. For quite a few reasons, Rishikesh has been the preferred destination for a second home:
• Proximity to Delhi-NCR: It is hardly a 5-6 hours’ drive from Delhi; hence, it becomes quite an accessible retreat for most urbanites who need serenity and fresh air in the absence of too many miles.
• Spiritual and Wellness Appeal: Wellness tourism and wellness itself – be it yoga, meditation, or Ayurveda – is in. This has made the holistic well-being-seeking buyer turn to Rishikesh. Developers are inducting wellness features like meditation zones, spas, and organic farming in their projects.
• Infrastructure Development: Delhi-Dehradun Expressway has improved connectivity to Rishikesh and further reduced travel time. There is expansion in air travel options from Jolly Grant Airport. This has increased the attraction of Rishikesh as a second home destination.
• Investment Potential: With appreciation in property prices by 12-15% every year, the city promises a great return on investment. Holiday homes in the city are also giving very high rental yields with tourist and wellness seekers arriving here.
Top Developers Tap into the Holiday Home Market
Following these developments, several key property developers have turned attention toward curating holiday homes located at desirable locales, particularly like Rishikesh, so the house developed provides an absolute haven which aligns well with what every contemporary buyer needs-from sheer opulence, environment and comfortable dwellings.
• Luxury Villas and Retreats: Developers are promoting premium villas and cottages offering a panoramic view of the Ganges and hills. Amenities like an infinity pool, wellness center, and a landscape garden are becoming a norm for projects for a resort-like experience.
• Eco-friendly Design: Environmental considerations have led to buyers focusing more on eco-friendly houses and the developers are thus building their projects with solar power and rainwater harvesting and adopting more sustainable construction techniques.
• Rental Opportunities: An increasing number of holiday home buyers treat their property as an investment and source of income. Airbnb and Booking.com allow owners to let out their houses to tourists. It’s one more stream of revenue from a short-term rental yield in Rishikesh, ranging between 6% to 8% annual return.
Buyer Profiles: Who’s Investing in Second Homes?
The profile of the holiday home buyer has become far more diverse:
• Urban Professionals: Young professionals and mid-management people from Delhi-NCR are investing in holiday homes, both for leisure and as a place to work from.
• High Networth Individuals: High Networth Individuals use holiday homes as a symbol of status and as part of luxury lifestyle, with preference toward exclusive locations.
• NRIs: Non-Resident Indians also look for such market as investment opportunities as they look to have an emotional and sentimental attachment with their ‘second home’ in India.
Key Trends in Holiday Home Development
• Workation Homes: Developers are combining workspaces with vacation homes. These can be high-speed internet, study nooks, and co-working lounges for remote professionals.
• Wellness-Centric Communities: Projects now emphasize holistic living through yoga decks, wellness spas, organic gardens, and proximity to nature trails, appealing to health-conscious buyers.
• Smart Homes: Smart home technology, which encompasses everything from automation of lighting to security and energy management systems, is now the norm for high-end holiday homes.
• Community Living: Many second-home projects are now integrating community-focused spaces that foster social interaction for networking and group activities by the homeowners.
Investment Outlook: Why Now is the Right Time
Holiday homes’ demand will grow at an average pace as homebuyers from cities are expected to seek refuge from the grinds of city life. And with expressways and regional airports now being developed, locations such as Rishikesh will experience further increases in property value.
This also means an opportunity for investors-both a personal retreat that can also be monetized as a source of rental income. With the rate of tourism in Rishikesh growing by 10-12% per annum, demand for short-term stay does not lack for anything and guarantees good occupancy for holiday homes well kept.
In summary, the concept of a holiday home has shifted from a dream that many urban buyers have long cherished to a viable and commercially profitable investment for many today. Rishikesh is emerging as a highly coveted destination for second homes given its unparalleled natural beauty, spiritual significance, and better connectivity. Developers are stepping up to meet this demand with modern, wellness-focused, and sustainable living spaces to suit discerning buyers.
As the Indian real estate market continues to grow and change, holiday homes will be the epitome of aspirational living and thus the promise of peace, profitability, and well-being in the hills for a buyer.
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- By Team
27, Dec 2024
IREDA Unveils Revamped Intranet Portal, Honors Dr. Manmohan Singh
New Delhi, 27th December 2024: Indian Renewable Energy Development Agency Limited (IREDA) today launched a completely revamped intranet portal aimed at enhancing communication, collaboration, and operational efficiency within the organization.
The portal was inaugurated by Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, in the presence of Dr. Bijay Kumar Mohanty, Director (Finance), Shri Ajay Kumar Sahani, Chief Vigilance Officer, and senior officials at the company’s registered office.
Speaking at the launch, Shri Pradip Kumar Das said, “Our earlier intranet portal, developed nearly a decade ago, served us well. However, with evolving organizational needs and technological advancements, a comprehensive upgrade was required. This new portal, with its user-friendly features like easy access to policies, announcements, and MIS reports, is designed to meet the demands of a modern and dynamic workplace. It will act as a centralized hub, enabling our team to work more seamlessly and cohesively as we continue to innovate and grow.”
The revamped portal integrates key applications and tools, making it a vital resource for employees to stay informed and aligned with organizational objectives.
Homage to Former Prime Minister Dr. Manmohan Singh
During the event, the Board of Directors and officials of IREDA observed two minutes of silence to pay respects to the passing away of former Prime Minister Dr. Manmohan Singh. Shri Pradip Kumar Das, CMD, IREDA, expressed his deep condolences and paid homage, stating, “Dr. Manmohan Singh was a visionary leader and an economist par excellence, whose contributions to nation’s growth and development will always be remembered. His leadership and wisdom continue to inspire us as we strive to contribute to the nation’s progress. On behalf of the IREDA family, I extend our heartfelt condolences and prayers to his family.“
27, Dec 2024
Dr. Manmohan Singh, Former PM of India, Passes Away
“Dr. Manmohan Singh was the Chief Architect of India’s landmark Economic Reforms in 1991, which took our economy out of a low-level equilibrium trap and onto a firm growth path that continues to this day. Very few leaders could successfully implement World Bank–IMF-backed economic reforms and transform their nations into economic powerhouses but Dr. Singh—whether as an Economist, Finance Minister or Prime Minister—was among those rare individuals. His comprehensive reform policies earned him worldwide recognition and are forever linked to his remarkable vision and statesmanship. Beyond his illustrious political and economic career, Dr. Singh exemplified integrity, humility and wisdom, earning him respect not only in India but across the globe. His legacy will continue to inspire generations of leaders, policymakers and citizens. May his soul rest in peace.”
— Dr. Rajeev Singh, Director General, Indian Chamber of Commerce (ICC), expressed deep sorrow and profound condolences on the passing of Dr. Manmohan Singh, former Prime Minister of India and an Economist par excellence.
27, Dec 2024
Embark on a Holistic Journey with BIMTECH’s PGDM Programs; Last Date to Apply 31st December, 2024
Mumbai, 27th December 2024: Birla Institute of Management Technology (BIMTECH), a leading business school in India, is excited to announce that admissions for the academic year 2025-27 are open. BIMTECH is inviting aspiring students to its four Post Graduate Diploma Programs; PGDM, PGDM (International Business), PGDM (Insurance Business Management), and PGDM (Retail Management). The last date to apply for these programs is 31st December, 2024.
Candidates possessing graduation degree with minimum 50% marks along with valid CAT 2024/ XAT 2024/ GMAT 2023/2024-25/ CMAT 2025 score can apply for these meticulously designed programs. However, prospective students wishing to apply for PGDM (Insurance Business Management) and PGDM (Retail Management) can also apply for the same with valid MAT 2024-25 scores.
These comprehensive two-year full time post-graduate programs emphasize the development of critical thinking, problem-solving, and communication skills. Through a combination of rigorous coursework, practical experiences, and additional program features, students are equipped to become effective and responsible leaders in the business world.
Inviting the eligible candidates, Dr. Prabina Rajib, Director, BIMTECH shared, “With its rich history BIMTECH will serve as a pivotal stepping stone in shaping your professional journey ahead. With our 8000+ alumni network spread across the globe and our steady industry relations, we promise you all a bright future. With academic excellence as our core value, we offer a curriculum carefully tailored to meet current and future market demands, delivered by our highly experienced faculty. Your two years with us will be a journey enriched with academic distinctions, hands-on learning, and opportunities to build a strong professional network. I warmly invite all the interested and eligible candidates to embark on this transformative path with us.”
These programs have an intake as follows: PGDM- 300, PGDM (Insurance Business Management)- 60, PGDM (International Business)- 60, and PGDM (Retail Management)- 60. The current batch boasts an overall female representation of around 40%.
The highest CTC offered to postgraduates in the last academic year at BIMTECH for PGDM, PGDM (International Business), PGDM (Retail Management), and PGDM (Insurance Business Management) were 22LPA, 22LPA, 24.43 LPA and 14 LPA respectively. BIMTECH offers merit-based scholarships to eligible students at the time of admissions as well as during the course.
Inspired by its founders Late Basant Kumar Birla and Sarala Birla, BIMTECH pioneered innovative programs like PGDM, PGDM-International Business (IB), PGDM-Retail Management (RM), and PGDM-Insurance Business Management (IBM), nurturing individuals into global leaders. Also, BIMTECH is now AACSB accredited, joining the Ivy League of Top Globally Recognized B-Schools. Fostering a symbiotic relationship, the institute excels in management education, supported by its globally placed robust alumni network of over 8000 individuals.
27, Dec 2024
Aarav from Manthan School Shines in Aryabhata Ganit Challenge 2024
Hyderabad, 27th December 2024: Aarav, a Grade 10 student from Manthan School, Hyderabad has achieved a remarkable milestone by earning the prestigious Merit Certificate in the Aryabhata Ganit Challenge 2024. Aarav successfully cleared both Stage 1 and Stage 2 of the national-level competition, securing a coveted position among the Top 100 students from the Vijayawada region under CBSE.
The Aryabhata Ganit Challenge is an esteemed platform aimed at promoting mathematical excellence and critical thinking among students across the country. Last year, over 5,50,000 students from 5,050 schools across India participated in the challenge. Of these, 8,590 students qualified for Stage 2, and 100 students from each of CBSE’s 18 regions were awarded the coveted Merit Certificate.
Expressing his gratitude, Aarav shared, “I would like to express my sincere gratitude to my school for playing a pivotal role in my achievement. Without the unwavering support and guidance of my teachers, principal, and friends, this milestone would not have been possible. Special thanks to Kapil Sir, whose encouragement and belief in me helped me overcome challenges and achieve this success.”
Ms. Priyanka Sen, Math Subject Lead at Manthan School, praised Aarav’s achievement, saying, “At Manthan School, we recognize the immense value of national-level competitions like the Aryabhata Ganit Challenge in fostering students’ problem-solving abilities, critical thinking, and passion for mathematics. These events not only build confidence but also open doors to future academic opportunities. Our goal is to inspire curiosity and a love for learning by providing a nurturing environment that celebrates both effort and excellence.”
Principal of Manthan School, Mr. Surjeet Singh, congratulated Aarav on his success and emphasized the school’s commitment to academic excellence. “Aarav’s exceptional achievement reflects the ethos of Manthan School, where we strive to empower our students to reach their full potential. His dedication and success inspire not only his peers but also our educators. We remain committed to providing opportunities and mentorship that enable our students to excel in their chosen pursuits.”
Aarav’s accomplishment underscores the school’s dedication to nurturing talent and fostering a passion for mathematics. His success is a shining example of how dedication, guidance, and a supportive learning environment can lead to excellence on a national stage.
27, Dec 2024
Mr. Olympia Entry Secured by Indian and Thai Winners at The Steadfast Nutrition Pro Show
India: India witnessed the grand culmination of Asia’s largest health and fitness extravaganza, the International Health, Sports, and Fitness Festival (IHFF). A huge draw at the event were marquee events and colossal bodybuilding championships – the Steadfast Nutrition Pro Show, Asia’s biggest bodybuilding event and the Amateur Olympia, India’s biggest bodybuilding tournament for amateur athletes, both sponsored by India’s leading sports and wellness nutrition brand Steadfast Nutrition. This year’s edition broke records drawing a massive crowd of over 4000 athletes, including 150 international competitors, 80,000 spectators, and industry leaders. With over 200 exhibitors, it was also the world’s largest health, sports, and fitness expo. For the past five years, Steadfast Nutrition has been a pivotal partner of the IHFF, paving the way for Indian bodybuilding athletes to compete on the biggest world stage – athletes who win the pro show get a direct ticket to the world’s most prestigious bodybuilding competition, the Mr Olympia USA.
The Steadfast Nutrition Pro Show continued to shine as Asia’s premier bodybuilding championship, providing a direct pathway to the prestigious Mr Olympia. Four winners were declared – an unprecedented 3 from India – who now get a shot at global fame – Anand Yadav, Ravinder Singh, and Manoj Patel from India won in the Men’s Classic Physique, Men’s Wheelchair, and Men’s Physique categories respectively while Jil Meret Schmitz from Thailand won in the Women’s Bikini category.
Meanwhile, the Amateur Olympia awarded 25 IFBB pro cards, transforming the careers of amateur athletes by propelling them into the professional bodybuilding circuit. Both championships were a spectacular showcase of athleticism, poise, and passion, set off to stunning light and sound effects.
Speaking about the success of the event and why Steadfast has thrown its weight behind these championships and the IHFF year after year, Steadfast Nutrition founder Mr Aman Puri said, “India is a powerhouse of sporting talent. Through our consistent support of the IHFF and these championships, we aim to create a clear pathway for Indian athletes to succeed globally and elevate Indian bodybuilding to global standards. As the first and only brand in the country to introduce a pro show in 2022, Steadfast has paved the way for Indian athletes to compete in the world’s most coveted bodybuilding championship – the Mr Olympia USA, giving them an unparalleled opportunity to win there and earn substantial prize money, international recognition, and lucrative sponsorships. Legends like Arnold Schwarzenegger, Phil Health, and Dexter Jackson cemented their legendary status on that very stage. Currently, only cricket, football, and hockey dominate the discourse around sports. We’re determined to give an opportunity to more sports like bodybuilding to thrive in the country, which aligns with our vision of making India the world’s sports capital by 2040.”
“The Amateur Olympia is India’s biggest bodybuilding event for amateur athletes and brings together fitness enthusiasts and amateurs, giving them global exposure. It gives a life-altering chance to amateurs to earn pro cards which propel them into the professional circuit with its exciting opportunities for sponsorships, prize money, and a flourishing career,” Aman Puri added.
Both the Steadfast Nutrition Pro Show and the Amateur Olympia are organised under the aegis of the International Fitness and Bodybuilding Federation (IFBB) – the governing body for bodybuilding championships the world over. The IHFF was a focal point for fitness expertise, networking, and knowledge exchange, making it an essential event for those engaged in the fitness and nutraceutical industry.
Apart from the Pro Show and the Amateur Olympia, this year’s IHFF also witnessed several other competitions, including powerlifting, pro panja, and zumba. Steadfast Nutrition has empowered countless athletes to medal-winning performances internationally and at the national level in championships such as the Olympics and the Commonwealth Games. The brand has carved a niche because of its organ-friendly, safe, and effective formulations.
27, Dec 2024
Expert Insights: Year-End Review 2024 and Outlook for India’s Education Sector in 2025
Mr. Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain Pvt. Ltd. (GESCPL)
“Enhancing connectivity, achieving cost efficiency and building resilience and agility through technology adoption and capacity building have been key drivers as the logistics industry continues to enable India’s vision for Viksit Bharat 2047. Progress in rail and waterway freight movement, alongside extensive highway construction, has heralded a new era of multi-modal connectivity, setting the logistics sector on a robust growth trajectory. This progress strengthens India’s position as a rising global economic powerhouse.At Allcargo Gati, this environment has enabled us to fortify our networks, expand capacities and cater more effectively to high-growth sectors such as e-commerce and MSMEs, which are at the forefront of the nation’s next wave of economic expansion.
Sustainability and technology have also emerged as defining themes this year. The logistics sector is advancing towards carbon neutrality through the adoption of electric vehicles, solar-powered warehouses, and cutting-edge technologies such as AI and IoT. These innovations not only enhance efficiency but also ensure alignment with global sustainability goals, creating long-term value for businesses, communities and the environment.
As we look toward 2025, our focus will sharpen on fostering seamless connectivity, improving operational efficiencies and deepening our commitment to sustainable practices. Building on the progress of 2024, we at Allcargo Gati remain steadfast in our mission to empower businesses, strengthen supply chains, and drive India’s economic growth, contributing to the realization of a self-reliant, prosperous India.”
Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance
“2024 has been a pivotal year for the Indian life insurance industry, marked by significant reforms and policy changes. Initiatives by both IRDAI and the Indian Government have focused on enhancing customer experience, expanding insurance access across all segments, and adding greater value to the products customers purchase. The industry demonstrated remarkable agility in adapting to these reforms, and I believe this adaptability will remain a key strength, ensuring the delivery of long-term benefits to customers. The year also saw the industry adapt new age tech and invest in AI to remain future ready.
2025 will be a key year as we will see further movement in industry and government efforts towards the Insurance for all by 2047 vision.At Bajaj Allianz Life we are geared to strengthen our leadership position in the new year as well. We will continue to stay focused on our vision of Life Goals enablers of India, introduce value-packed products and continuously enhance the experience of all our stakeholders as they engage with us. Thereby ensuring sustainable and profitable growth through the year 2025.”
Mr. Amit Jain, Chairman and Managing Director, Arkade Developers Limited on the real estate Sector outlook for Year-End 2024.
“2024 has been a positive year for residential real estate with significant sales milestones, especially for Mumbai where the home sales touched 1 lakh homes in the first 9 months. 2024 witnessed a substantial spike in luxury home buying due to a preferential change in home buying where exclusivity, lifestyle value upgrades, and high-end living spaces took centre stage. Despite global economic worries, demand for luxury real estate has remained high, indicating long-term confidence. Also, stable interest rates helped influence the home-buying decision.
Cities like Mumbai, Delhi-NCR, and Bengaluru have emerged as leaders in this category. The Mumbai Metropolitan Region (MMR) maintained its supremacy, with a constant average ticket size of ₹1.47 crore and a 2% increase in sales value to ₹114,529 crores as per a recent report by CREDAI MCHI. For instance, At Arkade, we reported sales booking of INR 215CR for Q2 FY25 alone with an average ticket size of INR1.5CR. Other cities, such as Hyderabad, Chennai, and Pune, have also reported large increases in average ticket sizes, indicating a national trend. Historically, Mumbai has managed to 1.2 lakh homes mark for the last 4 years with a 2% to 4% increase Y-o-Y, for 2024, we anticipate the numbers to reach 1.4 to 1.45 lakh homes. The future of real estate promises to be both dynamic and forward-thinking, driven by a vision that balances environmental responsibility, technological advancement, and enhanced living experiences for all“
Rajesh Ghanshani – Director of Partnerships, STAAH
“India’s hospitality landscape is undergoing a seismic shift, fuelled by surging travel demand, evolving consumer preferences, and robust digital infrastructure. Increasingly, hoteliers across the country are not just recognizing technology as a strategic asset but they are embracing it as the cornerstone of future success. In fact, many no longer ask ‘if’ they should invest in technology; instead, the focus has shifted to ‘when’ and ‘how’ to deploy advanced solutions that boost operational efficiency, revenue, and guest satisfaction.
Our own experience with Indian hoteliers highlights this transformation. With STAAH solutions—such as the Channel Manager, Booking Engine, and ReviewMinder, hoteliers have reported significant revenue gains and enhanced guest journeys, from pre-arrival research to post-stay feedback. The momentum is tangible: we now partner with over 5,000 hotels across India, and forecasts suggest an even more substantial expansion in 2025. This adoption is not limited to high-end chains or luxury resorts; even boutique and budget properties are adopting innovative distribution platforms to deliver seamless, personalized experiences. As Indian travellers become increasingly digitally savvy, their expectations continue to rise, and technology providers are poised to respond with more adaptive, predictive, and intuitive solutions that define the future of Indian hospitality.”
Vivek Banka, Co-Founder, GoalTeller
The recently announced changes in RIA regulations have been a step in the right direction by SEBI to ease rules for genuine advisors coupled with limitations on influencers association with SEBI registered entities have surely added a ray of hope to the entire advisor community and also will go a long way in protecting the right of investors. I hope 2025 SEBI will act further to curb the unbridled run some of the influencers have had without any questioning which will level the playing field and most importantly ensure that euphoric messaging in social media about stocks and other exotic investments are curbed. This will greatly help in avoiding investment bubbles.
Prashasta Seth – CEO, Prudent Investment Managers LLP
The Indian capital market has seen significant growth over the past five years. Demat accounts grew 4.4x (179 million), NSE active accounts rose 4.9x (49 million), unique mutual fund investors increased 2.4x (50 million), and monthly SIPs expanded 3.2x (INR 253 billion) from FY20 to October 2024.
During this period, the Indian alternative investment industry has outpaced the broader market, with a current size of USD 400 billion, consisting of SEBI-registered AIFs (USD 130 billion) and other funds (USD 270 billion). The industry is expected to grow over five-fold, reaching USD 2 trillion in the next decade.
A key shift in the Indian market has been the decoupling from global trends, with local investors—including pension funds, mutual funds, alternative investment managers, and retail & HNI investors—taking a more dominant role. This trend is expected to strengthen, driven by a demographic dividend, with over 100 million people joining the workforce and 100 million households entering the middle class in the coming years.
In recent years, the growth of the Indian alternative investment industry has been fueled by deeper market sophistication. This includes individual fund managers launching their own firms, global players introducing strategies tailored for India, and SEBI accommodating new investment structures. As investors become more knowledgeable and financially capable, they are willing to take on greater risks, further propelling industry growth. With Indian markets still lagging behind global counterparts, this gap is expected to close in the coming years, supporting continued growth.
Ms. Ayesha Katgara, Head of Corporate Strategy at Jeena & Company
“The year 2024 has been nothing but transformative for the logistics sector. It has been defined by evolving customer expectations, rise of e-commerce, enhanced digitalisation and growing focus on sustainability.
While the global logistics have faced unprecedented challenges, India has taken initial steps towards creating a conducive environment for the sector to thrive in the long-term. Key policies like the National Cold Chain Infrastructure Project (NCCIP) and the PM Gati Shakti initiative have been instrumental in optimising costs and streamlining operations, exemplified by the laying down of 8,891 km of roads and 27,000 km of railway lines. They have empowered industry players to optimise efficiency, provide unparalleled value to our patronage, and nurture continuous transformation.As we step in to 2025, we foresee a deeper integration of AI, machine learning, and robotic process automation, driving a profound transformation in sector-wide efficiency. We believe that adopting green logistics solutions, will enhance our sector’s sustainability.At Jeena and Company, we are dedicated to harnessing these advancements to meet the growing demands of e-commerce and global trade. Our goal is to set new benchmarks in service excellence while encouraging a more resilient and environmentally sustainable logistics landscape.”
Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.
“The significant increase in newly launched projects across Delhi NCR, particularly in Gurugram and its key micro-markets like Dwarka Expressway, Southern Peripheral Road (SPR), and South of Gurgaon, reflects a transformative shift in homebuyer aspirations. Today’s buyers are not just seeking luxurious and modern homes but spaces that offer advanced amenities, sustainable features, and exceptional quality.
Gurugram, with its world-class infrastructure, seamless connectivity, and emerging hubs, has become a magnet for discerning buyers. Micro-markets like Dwarka Expressway and SPR are driving this momentum, offering unmatched potential for growth and investment. As the region’s landscape evolves, developers are stepping up to deliver properties that prioritize innovation, sustainability, and future-ready lifestyles. These homes cater to a generation that values quality, modern living, and long-term value, making Gurgaon and its micro-markets the epicenter of a new wave in real estate.”
Gaurav Srivastava, Regional Director – APAC, Middle East & Africa at Graduate Management Admission Council® (GMAC®).
“The landscape of graduate management education continues to evolve, reflecting the changing aspirations of candidates and the shifting demands of the global workforce. We are witnessing a strong resurgence in applications to traditional, full-time MBA and management programs, driven by candidates’ trust in the value of immersive, in-person learning experiences. At the same time, there is growing interest in hybrid and STEM-certified programs, as students look to combine management education with cutting-edge technological skills, particularly in AI and data analytics.
Employers in India and worldwide continue to emphasize the importance of core business skills—strategic thinking, problem-solving, and communication—while increasingly valuing graduates with the ability to leverage technology like AI to drive innovation and decision-making. This blend of technical and human skills is seen as essential for navigating the complexities of today’s workplace.
Another notable trend is the growing emphasis on sustainability, equity, and inclusion, with prospective students increasingly prioritizing business schools that integrate these principles into both their curricula and operations. Candidates are seeking programs that align with their personal and professional values, underscoring the need for institutions to innovate and adapt to meet these expectations.
As demand for management education grows, Indian business schools are positioned to lead by offering globally relevant, future-ready programs. This year has been a testament to the sector’s resilience and adaptability, with a promising outlook for 2025 and beyond.”
Mr Ankit Kumar, CEO, Skye Air
2024 has been transformative for India’s drone industry, showcasing Bharat’s immense potential as a land of opportunities. With remarkable advancements in policy, innovation, and sector-wide adoption, the industry has grown exponentially, impacting logistics, agriculture, healthcare, and infrastructure. In a groundbreaking development, Gurugram became the first metropolitan in the world to adopt drone-based delivery in daily life, enabling residents to receive anything and everything within minutes. Milestones like drone-based mail delivery in Arunachal Pradesh, Himachal Pradesh, and AIIMS medical supply chains further highlight the sector’s ability to enhance accessibility and efficiency.
As we move into 2025, the momentum will only grow stronger, with drones becoming increasingly integrated into mainstream operations. The focus on scaling networks, boosting payload capacities, and driving cost efficiencies will unlock new opportunities in quick-commerce, urban air mobility, and sustainability. Initiatives like the PM GatiShakti National Master Plan and continued investments in R&D and skill development will further solidify India’s ambition to become a global drone hub by 2030. The future holds incredible promise as drones address real-world challenges, from reducing urban congestion to minimizing carbon footprints, propelling Bharat toward a technology-driven, sustainable tomorrow.
Mr Saurabh Rai, CEO, Arahas
Reflecting on 2024, the geospatial sector has witnessed transformative advancements, driven by innovations that integrate GIS, AI, and IoT into critical domains. The development of the Ayodhya Sustainability Index as a milestone in leveraging geospatial intelligence for sustainable urban planning, environmental conservation, and heritage preservation. This initiative has set a global benchmark, showcasing how technology can balance growth with cultural preservation. The year also saw India embracing national initiatives like Naksha, Bhuvan, and SVAMITVA, which propelled sustainable development, urban planning, and disaster management using geospatial solutions. These programs reflect the sector’s growing influence in addressing complex challenges.
Looking ahead to 2025, the integration of geospatial technologies with AI, IoT, and big data is poised to transform industries such as agriculture, logistics, and renewable energy. The focus will be on leveraging these technologies to tackle global issues like climate change, rapid urbanization, and resource management. With data-driven tools at the core, the industry aims to drive impactful and sustainable change, fostering innovation and supporting national priorities. As geospatial intelligence continues to evolve, it promises to play a critical role in shaping a more sustainable, resilient, and technologically empowered future.
Manju Sharma, Managing Director, Jaypee Hotels & Resorts
“As we stand on the brink of 2025, it is with immense pride and gratitude that we reflect on a transformative year for the travel and hospitality industry. The year 2024 showcased the resilience and ingenuity of our sector, with Jaypee Hotels & Resorts at the forefront of this evolution. From crafting bespoke wellness retreats to hosting grand destination weddings & MICE events, we have consistently redefined excellence, offering our guests experiences that are both meaningful and unforgettable.
India’s hospitality sector is undergoing a remarkable evolution, the Indian traveler is finding new reasons to explore with trends like sleep tourism, medical tourism, and spiritual tourism. From rediscovering serenity in wellness resorts to embarking on purposeful journeys for healing, mindfulness, or adventure, Indian travelers are embracing diverse motivations to travel. This shift reflects the country’s growing appetite for curated, meaningful, and rejuvenating experiences, redefining the way we explore the world.
As we enter 2025, we foresee an even greater convergence of personalization, technology, and sustainability in travel. The future of hospitality lies in creating moments that inspire, connect, and endure. At Jaypee Hotels & Resorts, we are ready to shape this future with bold vision, relentless innovation, and a steadfast dedication to delivering experiences that are timeless, meaningful, and extraordinary.”
Ashish Bagadia, Corporate Finance and Investment Banking Partner at BDO India
2024 saw the mass-market adoption of EVs gaining momentum. It also witnessed traditional ICE players like Mahindra, among others, making their EV ambitions more prominent. Segments like Vehicle-as-a-Service (VaaS) and Battery-as-a-Service (BaaS) made significant progress with newer players entering the market and the emergence of innovative revenue models. The year also saw significant initiatives from state governments aimed at driving the growth of the EV industry. Reduction in raw material prices further improved the total cost of ownership of EVs, making them more affordable.
Sameer Kanodia, Managing Director & CEO at Lumina Datamatics
“As we look ahead to 2025, strategic acquisitions will remain a cornerstone of our growth strategy, enabling us to tap into emerging markets, deliver tailored solutions, and reinforce our leadership across digital content, publishing, and ecommerce. This integration underscores Lumina Datamatics’ unwavering commitment to driving operational excellence, enhancing service delivery, and providing cutting-edge solutions that empower our partners to succeed in an ever-changing landscape.Our recent acquisition of TNQTech marks a pivotal milestone in strengthening our leadership within the global journals market and expanding our capabilities across the publishing value chain. By seamlessly integrating advanced solutions—from editorial development and peer review management to production and digital content delivery—we are uniquely positioned to address the evolving needs of our clients.In parallel with our acquisition strategy, we are equally committed to organic growth through innovation and expanding our service offerings. By focusing on enhancing our capabilities in publishing and ecommerce, we are continuously evolving our solutions to better meet the dynamic needs of both industries. Our organic growth efforts aim to leverage new technologies, foster deeper customer relationships, and scale our solutions across digital platforms, ensuring that we remain at the forefront of these sectors.”
Looking ahead to 2025, we expect these adoption trends to continue. Emerging segments such as the resale market for EVs and battery recycling are expected to gain prominence. From a funding perspective, the investing landscape is becoming more broad-based, with traditional and homegrown growth private equity investors showing increased interest. These investors are likely to focus on proven business models and write larger cheques. 2025 may also mark a pivotal year for segment creators, as entry barriers are expected to rise significantly.
27, Dec 2024
AI, Drones, and Solar: Industry Leaders Share Insights on Workforce Evolution, Innovation, and Growth in India
By-Mr. Anji Maram, Founder and CEO of CriticalRiver
As we reflect on 2024, perhaps the most consequential change we must reckon with is the impact of AI and automation on workforce dynamics. Automation is no longer solely about pursuing efficiency; it’s about empowering humans to focus on thoughtful, strategic, creative, and exploratory work while routine tasks are managed by intelligent systems. During this transformative period, we at CriticalRiver are witnessing the evolution as organizations worldwide embrace AI-powered tools to strengthen their workforces.
Our Digital Science Innovation Lab (DSiL) plays a pivotal role in this journey, leveraging data science and advanced analytics to provide actionable insights that complement AI-driven collaboration. Finding the right balance will require upskilling employees to work alongside AI while fostering an environment that champions human ingenuity. This partnership paves the way for a collaborative future where human-AI synergy drives innovation and productivity.
Marut Drones
By-Prem Kumar, CEO & Co-Founder, Marut Drones
The Indian drone industry is on an impressive growth trajectory, driven by innovation, supportive policies, and a committed ecosystem. To achieve our vision of becoming a global drone hub by 2030, we must address challenges like certification delays, subsystem reliability, and cost competitiveness. By investing in advanced technologies like AI, autonomous navigation, improved batteries, and fostering a skilled workforce through training and education, we can unlock groundbreaking advancements and expand drone applications across industries.
Small startups, the backbone of innovation, often struggle with the scale needed for substantial investments, especially when competing against China’s mass production and low-cost pricing. With continued support from government policies and proactive regulators, we remain optimistic that 2025 will be a transformative year for Indian drone manufacturers, driving growth and self-reliance.
Freyr Energy
By-Radhika Choudary Co-Founder and Director, Freyr Energy
As the solar industry continues to grow rapidly, the focus is shifting toward quality solar solutions and enhanced customer experience. Over the last decade electricity tariffs have risen by nearly 60%, and by 25% in the last year alone, while solar adoption in India has surpassed 3 million households. Yet, a significant gap remains, with over 300 million potential consumers still untapped. Solar has emerged as the most affordable energy source, supported by abundant financing options and government subsidies. This rapid growth is also expected to create more employment opportunities and drive technological innovation. Companies that prioritize quality products and customer-centric initiatives, such as Solar Experience Centers, are poised to lead the industry and deliver long-term value
27, Dec 2024
Smoking, Drinking: Why Pancreatic Cancer Cases Are Rising in Indian Men
By-Dr. V S N Rao, Chief Radiation Oncologist, Director – Medical Services & HOD – Radiation Oncology,HCG Cancer Centre, Vijayawada
Pancreatic cancer is a devastating disease that affects thousands of people worldwide each year. In India, pancreatic cancer is becoming a significant public health concern, particularly among men. The disease is increasingly being diagnosed in men, and it’s essential to understand the reasons behind this trend.
The Alarming Rise of Pancreatic Cancer in Indian Men
Pancreatic cancer is a growing concern in India, with men being disproportionately affected. The incidence of pancreatic cancer is rising rapidly, and men are more likely to develop the disease than women.
Smoking: A Major Risk Factor for Pancreatic Cancer
Smoking is a well-established risk factor for pancreatic cancer. Tobacco smoke contains carcinogens that can damage the DNA of pancreatic cells, leading to cancer. Smoking is a widespread habit in India, particularly among men.
Drinking: Another Significant Risk Factor for Pancreatic Cancer
Drinking, particularly heavy drinking, is another significant risk factor for pancreatic cancer. Alcohol consumption can lead to chronic pancreatitis, a condition characterized by inflammation of the pancreas, which can increase the risk of developing pancreatic cancer. Drinking is becoming increasingly common in India, particularly among men.
Other Risk Factors for Pancreatic Cancer
In addition to smoking and drinking, several other factors contribute to the rising incidence of pancreatic cancer in Indian men. A diet high in processed meat, sugar, and unhealthy fats can significantly increase the risk of developing pancreatic cancer. Obesity is another substantial risk factor, particularly in men, as excess body fat can lead to chronic inflammation and insulin resistance, both of which can increase the risk of pancreatic cancer. A sedentary lifestyle can also contribute to the development of pancreatic cancer.
Symptoms of Pancreatic Cancer
Early detection of pancreatic cancer is crucial for effective treatment. However, symptoms often appear at an advanced stage, making it challenging to diagnose the disease. Common symptoms of pancreatic cancer include abdominal pain that radiates to the back, weight loss and loss of appetite, fatigue and weakness, jaundice (yellowing of the skin and eyes), dark urine and pale stools, and new-onset diabetes. Recognizing these symptoms and seeking medical attention promptly can significantly improve treatment outcomes.
Precautions to Reduce the Risk of Pancreatic Cancer
While some risk factors for pancreatic cancer cannot be controlled, there are steps that can be taken to reduce the risk. Quitting smoking and avoiding secondhand smoke can significantly lower the risk of developing pancreatic cancer. Limiting alcohol consumption to moderate levels, maintaining a healthy weight through a balanced diet and regular exercise, and eating a diet rich in fruits, vegetables, and whole grains can also help reduce the risk. Additionally, avoiding processed and red meat, and staying physically active can also contribute to a lower risk of pancreatic cancer.
The rising incidence of pancreatic cancer in Indian men is a significant public health concern. Smoking and drinking are major risk factors for the disease, and efforts to reduce their prevalence are essential. Adopting a healthy lifestyle, including a balanced diet, regular physical activity, and maintaining a healthy weight, can also help reduce the risk of developing pancreatic cancer. By working together, we can reduce the burden of pancreatic cancer in India and improve the health and wellbeing of our citizens.
27, Dec 2024
Views on Key Trends Witnessed by the Fintech & Life Insurance Industry in 2024 and Outlook for 2025
By-Mr. Dilip Modi, Founder & CEO of Spice Money
“2024 has been a landmark year for the fintech industry, achieving unprecedented milestones in innovation and financial inclusion. India now boasts 26 fintech unicorns, including one decacorn, with registered startups surging from 2,100 in 2021 to 10,200 in 2024 and a combined valuation of $125 billion. Payments and lending categories attracted the maximum amount of funding, accounting for 85% of capital raised, while UPI surpassed 10 billion transactions in August, underscoring its transformative impact.
Spice Money is proud to contribute to this remarkable growth with offerings like biometric banking through AEPS, assisted bill payments, cash collection, and the rollout of UPI for rural India. Our foray into MSME lending and a robust 14-lakh-strong Adhikari network has extended essential financial services to 95% of rural pin codes and 2.39 lakh villages. In 2024, we impacted over 2.5 crore rural customers monthly, fostering trust, financial accessibility, and economic empowerment across Bharat.
Looking ahead to 2025, India is on track to have approximately 150 fintech unicorns with a combined valuation projected to reach $500 billion by 2030. The industry’s future lies in driving scalable and inclusive solutions through collaboration with policymakers and public partners, fostering sustainable and impactful growth for millions across the country.
At Spice Money, we remain committed to advancing Bharat’s financial inclusion through tech-driven solutions, ensuring compliance, and enhancing fraud risk management while prioritizing sustainable and profitable growth. A supportive regulatory framework and robust public-private collaboration are essential to addressing the unique needs of rural India. With rural fintech leading India’s digital revolution, Spice Money aims to build a resilient, inclusive financial ecosystem that uplifts communities and accelerates economic progress.”
By-Mr. Pankaj Gupta, MD and CEO of Pramerica Life Insurance
“The year 2024 has been a defining period for the life insurance industry, marked by a strong emphasis on customer centricity. Regulatory advancements have not only enhanced transparency and trust but have also created avenues for sustainable growth, making the industry more robust and resilient. The revised PPHI (Protection of Policyholders’ Interests) guidelines and new surrender value regulations underscore the sector’s commitment to improving customer experience and fostering policyholder confidence.
Product preferences also saw a notable shift, with Unit-Linked Insurance Plans (ULIPs) emerging as the top choice for policyholders. This was driven by robust equity markets and the growing appeal of wealth creation through insurance. Industry has witnessed rise in New Business Premium from ticket size INR100K & above from 40% in Q1FY24 to 45% in Q1FY25. The growth is largely driven by private insurers whose share of new business from ticket size above 100K has gone up from 55% in Q1FY24 to 60% in Q1FY25 as business mix moves more towards ULIPs, highlighting a rising inclination towards products that blend financial protection with investment benefits. Improved 13-month persistency metrics further reflect the industry’s focus on offering the right products and strengthening collection mechanisms.
At Pramerica Life Insurance, 2024 has been a year of meaningful strides, marked by our commitment to sustainable growth and excellence in serving our customers and stakeholders. We have made significant strides in expanding our reach, particularly in underserved segments, supported by our strong MFI business. This aligns with our commitment to championing the regulator’s vision of ‘Insurance for All by 2047’. Looking ahead, we see immense opportunities in addressing India’s underpenetrated pensions market, currently at just 3% of GDP. With the elderly population projected to grow 2.4 times by 2050, the demand for retirement-focused solutions is expected to rise steadily. Life insurers have a critical role in bridging this gap with innovative and tailored products. As we continue to empower customers with transparent, accessible and innovative solutions, we remain steadfast in our focus on ULIPs as a key component of our product mix. Meanwhile , Bima Trinity is set to revolutionise the sector for customers and distributors alike. By leveraging these opportunities, Pramerica Life Insurance is well-positioned to enter into a new era of growth, supporting India’s journey towards comprehensive financial protection by 2047.”
