Author: Rabindra

JHS Svendgaard Secures INR 30 Crore Funding for Strategic Expansion

9th August, 2024, New Delhi:

JHS Svendgaard Laboratories Limited has secured INR 30 Crore (approximately USD 3.66 million) in funding to support its expansion initiatives, marking a significant milestone in the company’s growth trajectory. This capital injection, led by the promoters of the Dabur Group, alongside contributions from Nikhil Nanda, Managing Director of JHS Svendgaard Laboratories, and Coeus Global Opportunities Fund, will facilitate the company’s strategic expansion plans.

Notably, M/s Puran Associates, M/s Milky Investment, M/s M. B. Finmart, and M/s VIC Enterprises are owned by Dr. Anand Chand Burman, Mrs. Minnie Burman, and Mr. Mohit Burman, prominent promoters of the Dabur Group, have demonstrated their confidence in JHS’s strategic vision by contributing to this investment.

The funds will be utilized for setting up a greenfield project in Jammu and Kashmir under the J&K Industrial Policy, which offers fiscal benefits for up to 10 years. The project, estimated at ₹120 Crore, will expand JHS’s product categories to include Oral Care, Soap, and Juices/Aerated Beverages, aiming to generate additional business of ₹500 Crore.

JHS is also focusing on expanding into Horeca, institutional, and export markets through white labeling and market penetration. Commenting on the announcement, Mr. Nikhil Nanda, Managing Director of JHS Svendgaard Laboratories, said, “This investment marks a significant milestone for our company. The confidence shown by key investors underscores our strategic vision and potential. The funds raised will enable us to expand our product portfolio and enhance our market presence, driving significant profitability and growth in the coming years.”

JHS holds a strong order book for FY 2024-25, including orders from market leaders such as Dabur, HUL, and Patanjali. The greenfield project in Jammu will be financed through 50% equity and internal accruals, with the remainder covered by debt. Construction begins in September 2024, targeting a completion date within 15-18 months and operational start by January 2026.

Established in 2004 and listed on the BSE and NSE, JHS, a leading player in the oral hygiene product manufacturing sector, operates a state-of-the-art oral care manufacturing campus across 20 acres in Kala-Amb, Himachal Pradesh. The facility is ISO 9001, GMP, FDA, and SMETA certified. With expansions at its Himachal Pradesh facility and new initiatives in Jammu, JHS aims to enhance EBITDA margins to double digits, leveraging fiscal advantages to go upto 20% profitability in J&K.

Fintech Convergence Council Applauds Monetary Policy Committee’s New Transparency and Consumer Protection Measures

National, August 8, 2024 – The Fintech Convergence Council (FCC) welcomes the announcements made today by the Monetary Policy Committee (MPC) through its statement on Developmental and Regulatory Policies. The announcements mark a pivotal moment in the evolution of the financial landscape and FCC acknowledges the significant positive impact they will have on the growth of the industry.

With a view to enhance transparency in the lending lifecycle, the Reserve Bank of India (RBI) has mandated that credit institutions report the borrower’s credit information to the Credit Information Companies (CIC) biweekly instead of monthly. This will help provide lenders with a more updated picture of borrowers’ indebtedness and enhance risk assessment processes.

The FCC has been advocating with the RBI, through representations and meetings, to enable such shorter reporting timelines by the CICs. We believe this change will significantly improve the accuracy of credit assessments and contribute to a healthier financial ecosystem.

In addition to this, with a view to enhance transparency and protect consumers, the RBI has announced the creation of a Public Repository of Digital Lending Apps linked to regulated entities. This repository will be based on data submitted by these entities, enabling customers to verify the legitimacy of digital lending apps and avoid falling victim to their fraudulent claims.

The FCC has long been an advocate for greater transparency in the fintech sector. We have been actively promoting within the fintech and EmTech ecosystem the importance of registering for this repository, to ensure the highest standards of integrity and consumer protection.

Mr. Harshvardhan Lunia, Chair, Fintech Convergence Council and Founder CEO, LendingKart said, “We commend this development as a significant step towards enhancing transparency and safeguarding consumers which is expected to ensure operational excellence in the industry. Through the Fintech Convergence Council, we have consistently promoted transparency and integrity, and this will provide greater access for consumers to protect themselves from any illegitimate and fraudulent activities in the digital lending ecosystem.”

FCC believes these initiatives not only strengthen the framework for fintech operations but also foster an environment of trust and security in the sector. The Fintech Convergence Council remains committed to supporting these advancements and looks forward to contributing to the growth of India’s fintech ecosystem

greytHR Secures Its Largest Investment in Series F Funding from Apax Digital Funds

greytHR, a full-suite HRMS provider, announced that it has secured its largest investment, in the Series F funding round, from Apax Digital Fund II (“the Apax Digital Funds”), advised by Apax, a leading global private equity advisory firm. The company will use the funds to leverage the significant growth opportunities in the cloud-based HR software market.

greytHR offers 40+ tools for automating HR, payroll, leave & attendance, and performance management, along with an employee self-service portal and mobile app. Serving over 23,000 customers in 25+ countries, it is a comprehensive HR ecosystem featuring HR professionals, experts, and chartered accountants. greytHR’s customer-centric services include a community, training academy, compliance website, resources, webinars, and an award-winning podcast series.

“We’re excited to welcome Apax as part of our growth journey, marking a significant milestone for greytHR. This substantial investment will enable us to further enhance our product portfolio by adding more strategic HR modules focused on recruitment and talent management. We also plan to accelerate growth and expansion into new customer segments, cementing our position as a market leader. We look forward to further accelerating our growth with the backing of Apax and our continuing shareholders Info Edge and GMO. Greytip wouldn’t be where it is today without the support of our customers, resellers, affiliates, and the entire greytHR community. We thank them for their support and confidence in us,” said Girish Rowjee, Co-founder & CEO of greytHR.

“This funding provides a significant boost to our plans for enhancing the customer experience and advancing our research and development initiatives. We are committed to continuously enhancing our platform to meet and exceed the dynamic needs of our users, ensuring they gain unparalleled value and efficiency from our offerings. Through our world-class HR tech solutions, we have already started adding and building out AI-enabled modules and other value-added services to help our customers optimize their investment in greytHR,” added Sayeed Anjum, Co-founder & CTO of greytHR.

Mark Beith, Partner and Shashwat Shukla, Vice President at Apax Digital, commented: “Small and mid-sized companies are pillars of the economy but have been underserved by legacy payroll and HCM solutions. greytHR enables businesses to save time and money by moving from complex and error-prone manual work to an automated and accurate next-gen solution with a mobile-first interface that delights employees. Drawing on our experience in the sector from previous Apax Fund investments, such as Paycor and Zellis, and having tracked the company for over two years, we are thrilled to partner with Girish, Sayeed, and their team to take greytHR to new peaks.”

greytHR’s team, now present across India, has been a key part of its success, laying a strong foundation for the company’s achievements. As greytHR looks to the future, the team remains committed and will continue to push the boundaries of innovation and deliver even greater value to customers.

Evocus Black Alkaline Water Now in 250+ HoReCa Outlets Across India

New Delhi, India 8th August, 2024: In the competitive landscape of health and wellness beverages, black alkaline water is making significant inroads, particularly in the HoReCa (Hotel, Restaurant and Café) sector. Known for its distinctive color and unique health benefits, this innovative product from Evocus is gaining traction among top-tier hospitality brands.

Evocus has been strategic in its partnership, collaborating with renowned hotel chains such as Marriott, Radisson, Taj, Hyatt, and Accor. The brand has also formed alliances with prominent hospitality groups like Impresario Entertainment and Hospitality (Owns popular restaurant brands like Social, Smoke House Deli, and Salt Water Café) and Speciality Restaurants (Mainland China, Oh! Calcutta, Sigree, and Asia Kitchen). These collaborations have enhanced the product’s market presence, making it available in over 250 properties. Furthermore, Evocus is exploring potential tie-ins with large cafes and airlines, aiming to expand its reach and visibility across diverse consumer segments.

Mr. Aakash Vaghela, Founder and Managing Director of Evocus Black Alkaline Water, said, “Our strategic partnerships have been crucial in establishing Evocus as a trusted name in the health and wellness industry. By aligning with esteemed hospitality groups and exploring new avenues, we are making our unique product more accessible to a broader audience, ensuring that more people can experience the benefits of black alkaline water.”

The rise of black alkaline water is not just limited to the hospitality sector. Celebrities have also embraced this trend, making it staple in their health and wellness routines. Notable personalities like Anil Kapoor, Varun Dhawan, Badshah, Malaika Arora, Sara Ali Khan, Kajal Aggarwal, Karan Johar, Trent Boult, Rachin Ravindra, Arshdeep Singh, and Orry have been spotted with black alkaline water, further boosting its popularity.

The popularity of black alkaline water among celebrities and its strategic positioning in the HoReCa sector highlight its potential as a functional beverage. Clinical research supports its benefits, showing that black alkaline water can enhance hydration, reduce exercise –induced fatigue, maintain gut health, and aid in detoxification. These attributes make it an ideal choice for those leading active lifestyles.

As health and fitness continue to be a priority, the demand for functional beverages like black alkaline water is expected to rise. Its unique properties, including enhanced hydration and fatigue reduction, make it a valuable addition to the beverage market.

Vikas Sharma Joins Locomotive Global Media as Head of Film Projects

08 August 2024; Mumbai, India: Locomotive Global Media, an international production company based in Mumbai, bolsters its leadership team with the appointment of Vikas Sharma as Head of Film Projects. In his new role, Vikas will oversee the development, acquisitions and business for the nascent film division at the company.

Vikas brings along with him a wealth of knowledge and expertise gained from his experience, stretching over a decade in the media and entertainment industry. Prior to joining Locomotive Global Media, Vikas served as Associate Producer at Bandra West Pictures for eight years, where he worked closely with renowned director Raja Krishna Menon. Vikas holds a postgraduate degree in Business Management from the University of California, Los Angeles.

Speaking on the new appointment, Sunder Aaron, Co-Founder and Managing Partner, Locomotive Global Inc., said, “We are thrilled to have Vikas Sharma join the Locomotive Global Media family. His vision for storytelling, combined with a deep understanding of both Indian and international markets, aligns perfectly with our mission to produce compelling, world-class content. Vikas brings his unique creative perspective to each project that is married with a keen commercial understanding of what works in the Indian market. We trust that he will be able to deliver stories and narratives that not only resonate deeply with Indian audiences but also capture the imagination of viewers worldwide.”

Commenting on his appointment, Sharma said, “I am deeply grateful to Sunder for this opportunity and his confidence in me. Together, we are focused on crafting content with both Indian and global appeal that importantly also ensures profitability. As India embraces its moment on the world stage demonstrated by non-mainstream films like ‘Kill’, ‘All We Imagine as Light’, and even ‘Monkey Man’, we’re excited to invest time and resources in film projects that are aligned with the company’s global objectives and brand ethos, while helping to establish Locomotive Global Media as a leading boutique studio. We are particularly excited about projects in the horror and thriller genre that possess an elevated approach to their storytelling.”

Vikas Sharma will report into Sunder Aaron of Locomotive Global Media. He is based out of Mumbai and his appointment is with immediate effect.

LifeCell Forays into Skincare with AreoVeda, Specialising in Cellular Skin Science

Mumbai, 8th August, 2024: LifeCell, India’s pioneering stem cell bank and a leader in diagnostics, genetic testing, and pre-conception care, is poised to disrupt the world of mother-baby skincare with the launch of AreoVeda. With this, the brand has unveiled a product range, especially crafted for pregnant women, new moms, and newborns, that shatters existing norms through its uncompromising standards of purity, potency, and safety. Masterfully harnessing the regenerative powers of natural ingredients, the company introduces a cellular science-backed approach that is single-handedly redefining how clean skincare is perceived.

Incepted to counter concerns like stretch marks, pigmentation, acne, and dryness in the case of expectant and new mothers and eczema, diaper rash and cradle cap in the case of babies, the company offers solutions for all skin problems faced by this cohort. Its products undergo 10+ cellular tests on lab-grown human skin cells in LifeCell’s accredited labs via tests like:

● Cytotoxicity to evaluate the toxicity of product ingredients on skin cells,

● Anti-irritation test that assesses a cosmetic product’s safety by using ELISA technology,

● Bone formation assay, which evaluates the product’s ability to enhance and stimulate bone formation,

● Cell-migration assay which helps decode the wound-healing effects of the products on dermal cells,

● Anti-ageing test to assess skincare product effectiveness by using RT-PCR technology and much more!

Taru Mayur, Co-founder of AreoVeda, said, “An EWG study revealed that 200+ chemicals were found in a baby’s umbilical cord blood that came from what the mother had been exposed to. This means what goes in and on the body, including the skincare products, could impact a baby’s healthy growth & development. Given these findings, there is an urgent need for a skincare brand like AreoVeda that combines natural ingredients with advanced cellular testing methods to ensure the products’ safety and efficacy. We are excited to introduce our products, and we are sure that our customers will come to see us as a reliable ally who they can trust during this beautiful phase of life.”

AreoVeda has secured the coveted EWG and ECOCERT COSMOS certifications. The former validates the brand’s claim that its products are pure and free of chemicals listed by the body, thereby meeting all prescribed standards of consumer health. And only <2% of brands across the globe have managed to get this prestigious certification. The latter attests to the fact that 95% of the ingredients used to formulate the products are natural and plant-based. AreoVeda has actually bested this requirement and ensures that >98% of its ingredients are natural, while successfully passing all the stringent manufacturing and lab site audits.

It is also hailed for inaugurating the industry-first process of cryomilling, wherein four “hero” ingredients are milled with liquid nitrogen at extremely low temperatures (-196°C), ensuring they are pure, micronised, contaminant-free, and retain their natural properties. These are the star constituents in the brand’s CryoHeroes range – CryoCoffee, CryoGold, CryoOats & CryoHayal.

In addition to being India’s 1st band that is Ecocert certified, EWG verified and cellularly proven, AreoVeda also prioritises sustainable practices. Moreover, they come in eco-friendly packaging that minimises the brand’s environmental footprint and sets new standards for socially responsible & cruelty free skincare.

The brand’s collection is divided into three segments:

● The pregnancy range includes stretch marks cream, skin clarifying serum, skin brightening serum, foam face wash, and moisturising spray lotion.

● Products designed for new mothers include hydrating Foam Body Wash, post-natal massage oil, under-eye serum, natural nipple butter, and skin brightening serum.

● The collection for babies comprises baby head-to-toe foam wash, baby dusting powder, deep moisturising baby cream, baby massage oil, and moisturising baby spray lotion.

For those impressed by the company’s accreditations and credits, its products are available for purchase on its official website and e-commerce platforms like Amazon. Shortly, they will also be available on Flipkart, FirstCry, Nykaa and Quick Commerce Platforms.

Unlock the Power of GenAI with Check Point Software Technologies

The GenAI Revolution is Already Here

Generative AI applications like ChatGPT and Gemini are here to stay. But as they make users’ lives much simpler, they also make your organization’s life much harder.

While some organizations have outright banned GenAI applications, according to a Check Point and Vason Bourne study, 92% of organizations allow their employees to use GenAI tools yet are concerned about security and data leakage. In fact, one estimate says 55% of data leakage events are a direct result of GenAI usage.

As tasks like debugging code and refining text can now be completed in a fraction of the time, without the right tools, these very same tasks can put your business data and compliance at risk.

Conventional Tools Fail to address GenAI Risks

Conventional data protection solutions are not designed to detect and prevent data leakage in generative AI applications, as they rely on static predefined keywords and patterns. They fail to understand the context of unstructured data typical of GenAI prompts, which are inherently conversational.

In fact, to address GenAI risks, you need a GenAI-based solution.

Check Point lets you Adopt Generative AI Safely

Available as part of our Preview Program, Check Point’s GenAI security solution installs in minutes to discover the GenAI services used in your organization, assess their risk, and apply groundbreaking AI- powered data protection so you can adopt the latest services without the added risk.

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The solution applies Check Point’s transformative AI-powered data analysis to accurately classify conversational data within prompts. Our groundbreaking classification technology understands data context to deliver precision visibility and control, while avoiding the need to define cumbersome data- types.

Figure 1: GenAI-based Data Classification in a Next Gen DLPFor example, using its GenAI-powered DLP the solution can distinguish between low-risk content, like the acquisition of a new home, and high-risk content like the potential acquisition of a company.

“Generative AI is boosting enterprise productivity by providing AI assistance in marketing, data analysis and even code development. Unfortunately, employees are exposing enterprises to cyber risk through data loss and intellectual property theft by including confidential information in GenAI apps. CISOs are looking for ways to securely manage the use of GenAI applications across the enterprise”, said Frank Dickson, Group Vice President, Security & Trust, IDC. “Through AI and automation, Check Point’s new GenAI Protect enables enterprises to safely adopt generative AI tools by discovering how GenAI apps are being used, analyze the data being shared, apply a security policy that prevents data loss in real time, and enable visibility and reporting for compliance.”

The solution delivers immediate value, empowering organizations to:

#1 Discover and Assess GenAI Usage across your Enterprise

Check Point’s GenAI security solution lets you uncover both sanctioned and shadow GenAI apps, and provides visibility into top GenAI use cases, such as coding and marketing, so you can make informed

GenAI governance decisions. It also uncovers sources of data copied/pasted into prompts and provides a risk score to prioritize mitigation.

#2 Prevent Data Loss in Real-Time and Address Privacy Concerns

The solution lets you enforce customizable policies to prevent data leakage and apply AI-powered data loss prevention to stop the sharing of sensitive unstructured data. It even lets you enforce copy/paste restrictions to prevent the siphoning of source code repositories, CRM tools, corporate email and other sensitive applications.

#3 Meet Regulations with Enterprise-grade Visibility

Check Point’s new GenAI security solution delivers granular monitoring and visibility to facilitate regulatory compliance. It provides visibility into risky user prompts and high-risk AI applications (based on app-specific threat intelligence), and even specifies why a prompt as flagged as hazardous.

How Check Point’s Solution is Different

Unlike other solutions, Check Point lets you:

• Get started minutes, requiring only a simple browser extension to discover GenAI applications and start creating policies.
• Uncover your top GenAI use cases, e.g. coding, marketing and email, so you can make informed GenAI governance decisions

Leverage GenAI-powered data classification to accurately identify and block sensitive data in AI prompts

Enhancing your Security with Yet Another Layer of AI

With our latest offering, Check Point is enhancing enterprise security yet again by harnessing the power of AI, adding to AI Copilot which serves as a personal GenAI security assistant, AI Cloud Protect for protecting AI development in the cloud, and ThreatCloud AI for zero-day threat prevention.

CII Gujarat Presents: “Igniting the Flame of Gujarati Family Businesses” featuring Mr. Piruz Khambatta Gujarat

Gujarat, August 2024 – The Confederation of Indian Industry (CII) Gujarat State MSME & Vendor Development Panel is thrilled to announce the fourth episode of its Fireside Chat Series, titled “Igniting the Flame of Gujarati Family Businesses.” This enlightening session is scheduled for Friday, August 09, 2024, from 04:00 PM to 05:30 PM, and will be conducted on a virtual platform.

 The Fireside Chat will feature a distinguished guest, Mr. Piruz Khambatta, Ph.D., Chairman of the Rasna Group. Mr. Khambatta brings a wealth of experience in Agri and FMCG business and he is also involved in societal activities, as the Hon. Consul General for South Korea, Chairman of the CII National Committee on Affirmative Action & Special Abilities. He was past President of All India Food Processors ‘Association (AIFPA), Past Chairman CII Western Region, Chairman CII National Committee on Food Processing, Founder Trustee of the Areez Khambatta Benevolent Trust and Rasna Foundation, and Ambassador for the Make in India initiative and Champion of Change (NITI Aayog). He will share insights drawn from his extensive leadership roles and experience in the business world.

 The session will be moderated by Mr. Bhavik Khera, Convenor of the CII MSME & Vendor Development Panel and Managing Director of SEE Linkages Pvt. Ltd. Mr. Khera will facilitate an engaging discussion with Mr. Khambatta, focusing on the experiences and strategies behind the success of prominent Gujarati family businesses.

 This Fireside Chat Series aims to showcase the invaluable wisdom of successful Gujarati business families and to inspire the next generation of entrepreneurs. Attendees will have the opportunity to gain insights from industry leaders and participate in a Q&A session.

Exicom to Acquire Industry Leader Tritium; Expands Global Footprint in EV Charging

New Delhi, 08 August 2024: Exicom Tele-systems Limited India’s largest Electric Vehicle (“EV”) charger manufacturer, announced today that its subsidiary Exicom Power Solutions B.V. Netherlands and other step down subsidiaries, have entered into a definitive agreement under which it will acquire business and assets of Tritium group of companies (henceforth referred to as “Tritium”), a distinguished global leader in DC Fast Chargers, headquartered in Australia.

With over 13,000 DC Fast Chargers sold in 47 countries, Tritium is recognised as a leading industry brand globally. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled DC Fast Chargers for electric vehicles. Tritium’s chargers are designed for both aesthetic appeal and durability in tough environments. They feature engineering that simplifies installation, ownership, and usage.

With this landmark acquisition, Exicom is set to unlock substantial long-term growth and value for its stakeholders. The acquisition adds Tritium’s manufacturing facility in Tennessee, USA, as well as a world-class engineering centre in Brisbane, Australia to Exicom’s existing presence in Asia. The acquisition expands Exicom’s global reach and amplifies its commitment to research and development to drive innovation in this growing industry. With the complementary product portfolio of Exicom and Tritium, the acquisition provides the opportunity to serve the different use cases across the world and expand EV infrastructure adoption.

According to BloombergNEF’s “Economic Transition Scenario,” which forecasts EV growth based on current techno-economic trends, EVs are slated to reach 45 percent of global passenger-vehicle sales by 2030 and 73 percent by 2040.

Anant Nahata, CEO, Exicom said, “This acquisition is in line with Exicom’s strategic vision to be a key contributor to the world of tomorrow by enabling an emission free future for mobility. Exicom and Tritium have a complementary sales and product footprint and have each established leadership in their respective regions. We look forward to working with Tritium’s employees, customers, partners and other stakeholders to grow the business further and provide faster, more reliable charging experiences to EV users across the globe.”

RBI Holds Repo Rate at 6.5%, Supporting Stability and Growth in Real Estate Sector

In a crucial decision for India’s economic landscape, Reserve Bank of India (RBI) Governor Shaktikanta Das announced on August 8th that the central bank will maintain the repo rate at 6.5% in its bi-monthly monetary policy statement. This key rate, which influences the cost of short-term loans for banks, plays an important role in shaping the financial environment for businesses and consumers alike. By holding the repo rate steady, the RBI aims to strike a balance between economic growth and managing inflationary pressures, thereby supporting the ongoing momentum in the real estate sector.

Manoj Gaur, CMD, Gaurs Group & Chairman, CREDAI National-“For the ninth consecutive time, RBI has maintained the status quo on the repo rate. This aligns well with the country’s economic growth projections and will propel infrastructural development. It also signals long-term stability and augurs well for the real estate sector. However, the affordable housing sector development is lagging, and given the huge unmet demand, this is an area of concern, and we hope that RBI will take it into account in the future”

Amit Modi, Director, County Group- “The move by RBI to keep the repo rate unchanged was the need of the hour and we hope it remains the same in near future as well. Looking at the macro economic situation of the country in regards to the middle class, this move was of vital importance for first time home buyers planning to invest in real estate as an asset class, since it’s brings in certain amount of stability in interest rates for those home buyers who are still sitting on the fence, but at the same time aspiring ownership of there dream home. Seen along with the recently announced choice under new indexation policy for Long Term Capital Gains Tax for assets bought before June 23, 2024, this will definitely be seen as favorable act by the huge middle class across India.”

Nayan Raheja, Raheja Developers- “The RBI’s decision to maintain the repo rate at 6.5% for the ninth consecutive time indicates a positive trajectory for the real estate sector. As luxury housing gains momentum, maintaining the status quo will further boost the demand for more properties and strengthen market confidence. On the other hand, it is a huge step towards easing the financial strain on prospective buyers. The sector has already been performing well over the past years, and this decision is anticipated to foster the sector’s growth, opening the gateway for developers to launch projects in emerging areas of interest.”

Sandeep Chhillar, Founder & Chairman, of Landmark Group- “Real estate is a rate-sensitive sector and maintaining the repo rate at 6.50% for the ninth time in a row propels positive sentiments in the realty market. With housing demand at an all-time high, consistent loan rates are likely to see greater confidence among both buyers and developers, paving the way for an upward growth trajectory and a sustained market momentum. This steady approach towards interest rates is expected to increasingly encourage potential homebuyers>”

Ashwinder R. Singh, Co-Chair of CII’s NR Committee on Real Estate, CEO Residential at Bhartiya Urban, and Author- “The RBI’s decision to keep rates steady at 6.5% provides a stable environment for real estate. This continuity helps maintain affordability and boosts investor confidence. By avoiding rate hikes, the RBI supports ongoing projects and encourages new investments, crucial for sustainable growth in the housing sector.”

Kushagr Ansal, Director of Ansal Housing- “The RBI’s decision to maintain the current repo rate for the ninth time is a welcome news for the market. With GDP figures expected to improve and the real estate sector’s contribution to GDP increasing, this move by the RBI will undoubtedly stimulate real estate investments.”

Yash Miglani, MD Migsun Group- “The RBI’s decision to keep the repo rate at 6.5% hfor ninth time has positive implications for the realty sector. With an interest rates remaining stable, prospective homebuyers can take advantage of a favorable lending environment.”

Director of SKA Group Sanjay Sharma- “The RBI’s decision to maintain the repo rate at 6.50% for the ninth consecutive time anticipates an appreciative upswing in the housing market. Amidst the rise in housing prices, the constant home loan rates will bring some relief to homebuyers. In addition, the unchanged interest rates will profit buyers and developers, establishing strong consumer confidence and investment in the sector. The RBI’s decision to keep the repo rate steady will lead to establishing new projects and expanding developments in emerging areas.”

Harsh Gupta, CEO, Sundream Group- “The RBI’s decision to hold the repo rate at 6.5% for the ninth consecutive review reflects a strategic balance between fostering economic growth and managing inflation. This prolonged period of stability, the second-longest in the past 25 years, signals confidence in the current economic trajectory. With the GDP growth projection steady at 7.2%, the RBI’s policy supports a robust economic environment, encouraging sustained investment and development. This consistent monetary stance reassures markets and investors, providing a predictable backdrop for commercial ventures and long-term planning.”

Rajjath Goel, Managing Director, MRG Group- “The authorities have reinforced the sign of stability by keeping the repo rate constant for the ninth time. With the GDP growth projection steady at 7.2%, this stability of 6.5% in the repo rate will strengthen the buyers’ incline towards the sector. Such steadiness will lower borrowing costs, making real estate development projects more accessible and affordable. However, a modest reduction in the repo rate would be beneficial, offering encouragement to developers and buyers. Given real estate’s sensitivity to price fluctuations, the RBI’s steady approach is expected to provide a valuable boost to the industry.”

Sanjeev Arora, Director, 360 Realtors- “Keeping the repo rate unchanged was on expected lines, following hike in inflation to 5.1% in the month of June. Rise in inflation coupled with uncertainties in the global market and surge in freight prices will dissuade the government to take a more aggressive stance on economy. Rather than liquidity infusion, the focus will be pinned more on stable prices. The silver lining is that EMIs will remain unchanged and the realty demand is not going to cool down soon. Upbeat job market, healthy economic momentum and expansive aggregate demand will continue to drive both housing and commercial real estate in the country in positive direction.”

Prateek Tiwari, MD, Prateek Group – “The repo rate is unchanged at 6.50% which is a strategic move that supports ongoing growth in the real estate sector. The Indian real estate market has been witnessing growth recently, and this steady rate is set to further benefit the sector. Particularly, the luxury and premium segments have seen a notable increase in sales, with buyers eager to invest in high-end properties. We believe this decision will positively impact the luxury real estate market and propel the sector’s growth.”

Uddhav Poddar, Managing Director, Bhumika Group-“The projections of GDP growth are robust. Given this backdrop the decision by RBI to keep the repo rate unchanged, this is a sign of stability and it presents a picture of a resilient economy.”

Dr. Amish Bhutani, Managing Director, Group 108- “The RBI has once again taken a commendable step by maintaining the repo rate steady for the ninth consecutive time. A stable repo rate instills confidence in both commercial real estate investors and homebuyers. This stability directly impacts the growth of the real estate sector, significantly contributing to India’s GDP and future growth prospects.”

Harinder Singh Hora, Founder Chairman, Reach Group-“We commend the RBI’s decision to maintain the repo rate. This strategic move is anticipated to positively impact commercial real estate growth by ensuring stable loan interest rates. Potential buyers in these markets will benefit from not having additional financial pressures, fostering a more conducive environment for investment. This decision is poised to elevate the sector, paving the way for new project launches in emerging areas.”

Prateek Mittal, ED, Sushma Group- “The RBI Governor chose to maintain the repo rate at 6.50% for the ninth consecutive time. This move is promising because it reduces the financial pressure on potential buyers. This decision could serve as a strong motivator for those interested in commercial property to move forward with their purchases. Additionally, it is likely to encourage the growth of affordable and mid-range commercial developments, invigorate the real estate market, and help more people realize their property ownership aspirations.”

Mukul Bansal, MD, Motiaz-“The RBI’s decision to keep the repo rate unchanged reflects their confidence in the economic outlook. This consistency is likely to have a substantial positive effect on the residential real estate market, presenting attractive investment opportunities for a broad range of buyers. We believe this approach will continue to support the real estate sector moving forward. Additionally, the government’s efforts to manage inflation will provide further advantages. This stability is expected to benefit both residential and commercial real estate sectors, creating enticing investment prospects for all investors.”

Sehaj Chawla, Managing Director of TREVOC- “RBI’s decision to maintain the current repo rate, along with its focus on curtailing inflation, brings a much-needed sigh of relief for buyers, bankers, and real estate developers. This stability is crucial as it bolsters market confidence, allowing stakeholders to plan and invest with greater certainty. The unchanged rate, now ingrained in market expectations, further solidifies a foundation for sustainable growth in the real estate sector.”

Prasoon Chauhan, Founder & CEO, Aurika Homes- “There is a huge unmet demand for houses in the country. Coupled with the recent budgetary provision to promote urban housing and stability in the repo rate for the last two years, it will boost the real estate sector growth. However, inflation is a matter of concern, and we hope that RBI succeeds in curbing its rise, which in turn may lead to a further reduction in the repo rate.”

Piyush Kansal Executive Director of Royale Estate Group- “The RBI’s decision to keep the repo rate at 6.50% for the ninth consecutive year is expected to positively impact the real estate market. As home prices are rising, the stability in home loan rates will offer some relief to buyers. Furthermore, maintaining these interest rates is likely to benefit both purchasers and developers, boosting consumer confidence and encouraging investment in the sector. This steady rate is anticipated to see the launch of new projects and drive growth in developing regions.”

Pawan Sharma, MD, Trisol RED- “The RBI’s decision to maintain the repo rate at 6.5% for the ninth consecutive time greatly benefits the real estate sector. This stability in interest rates enhances consumer confidence, making home purchases more attractive and affordable. As a result, real estate emerges as a more appealing investment compared to volatile alternatives, drawing interest from both domestic and foreign investors.”

Tejpreet Singh, MD, Gillco Group-“The Indian real estate sector has been on a strong upward trend in recent years. The RBI’s move to keep the repo rate steady at 6.50% is likely to further benefit this Real Estate sector. We’ve seen a notable rise in sales within the premium and luxury segments, and stable interest rates should boost buyer confidence and maintain interest in the market. Given the sector’s positive performance over the past few years, this decision will continue to support both buyers and developers. It’s also important to remember that the market tends to recover and grow, and we expect this trend to continue.”

Neeraj Sharma, MD, Escon Infra Realtor –“Real estate investments are growing exponentially, and the RBI’s decision to maintain the repo rate at 6.50% for the ninth time will further boost the industry. With rising luxury housing demand, stable loan rates will foster greater confidence among buyers and developers, promoting sustainable, long-term growth. This consistency in interest rates will enhance the residential sector, encouraging developers to curate projects catering to the buyers’ needs.”

Ajendra Singh, Vice President Sales and Marketing, Spectrum Metro- “The RBI’s decision to maintain the repo rate at 6.50% for the ninth consecutive time is a positive step towards easing the financial strain on prospective buyers. This decision is slated to provide a significant incentive for potential buyers in the commercial sector to proceed with their property purchases. Furthermore, it is expected to boost the development of affordable and mid-range commercial projects, foster a vibrant real estate market, and facilitate more individuals achieving property ownership dreams.”

Salil Kumar, Director, Marketing and Business Management, CRC Group- “Once again, the RBI has made a commendable move by keeping the repo rate constant. With an exceptionally performing economy and good GDP growth, stable interest rates will benefit buyers and developers. This will further strengthen the commercial and residential market, offering investment opportunities to all. Considering the upcoming festive season, this announcement will lead to outstanding customer engagement, benefitting the entire sector.”

The RBI’s decision to keep the repo rate unchanged at 6.5% underscores its commitment to nurturing economic stability and growth. This strategic move is anticipated to flourish the Indian real estate market by making home and commercial property investments more affordable. As the sector continues to grow, the steady repo rate provides a conducive environment for further expansion, benefiting both investors and the broader economy. The RBI’s approach reflects a cautious yet optimistic outlook, aiming to sustain progress while ensuring long-term stability in the financial system.