14, Dec 2023
Hiring sentiment seems positive for Q4 after witnessing sluggishness in Q3: Reports Teamlease Staffing
India, December 14, 2023: TeamLease Services, India’s leading staffing conglomerate revolutionizing employment, employability, and ease of doing business, has released its ‘TeamLease’s Employment Outlook Report’ to showcase hiring sentiments for India’s employment stakeholders for H2 FY24 (October 2023 to March 2024). With data from 1820 companies across 14 cities, the report offers a comprehensive analysis of anticipated employment trends across 22 industries, making it an indispensable resource for businesses, HR leaders, and policymakers.
The report indicates a remarkable trend in incremental workforce expansion, with 79% of employers intending to maintain or increase their workforce in the second half of FY24. Consumer and retail companies will see a resurgence in Q4 from muted demand in semi-urban and rural areas in the festive season in Q3. While the report carries positive sentiment for the financial services sector, we would observe cautious moves from banks, NBFCs, and Fintechs with increased regulatory pressure from the RBI on lending norms for riskier credits.
According to the report findings, H2 is projecting positive incremental hiring, including workforce expansion, new hiring, and replacement hiring. This surge in workforce expansion can be attributed to government policies and initiatives aimed at fortifying employment opportunities and cultivating a business-friendly environment.
Notably, India experienced a remarkable 7.8% surge in GDP during the first quarter of the fiscal year 2023-24 (Q1 FY24). This robust GDP growth underscores a potent economic rebound, driving the acceleration in incremental hiring across the nation. The report dives into the multifaceted factors that influence employment in India. According to the data, economic conditions significantly impact the employment environment, as cited by 69% of respondents. Furthermore, business growth or expansion is a significant factor, as mentioned by 53% of respondents. As a result of the government and private sector encouragement of entrepreneurship, India is poised to witness an increase in employment opportunities.
According to 31% of respondents, skill shortages and mismatches between available skilled personnel and job requirements can have a significant impact on hiring. Additionally, 19% of respondents concur that technological advancements are a key factor in determining employment opportunities in India. Another 15% of respondents believe that changes in policy, such as labour laws and regulations, taxation, investment incentives, industrial regularisations, and global trade dynamics, will significantly influence employment trends in India.
Another significant highlight of the report is that 67% of respondents anticipate robust business development during the October-March 2023-24 half-year period, reflecting India’s optimistic economic outlook. This optimism suggests that, as the festive season enters its final phase, the momentum in hiring is set to continue. A striking 79% of the employers surveyed expect an increase in the workforce in their respective industries over the next six months to meet the surging demand. Both new hires, at 79%, and replacement hires, at 74%, are occurring rapidly, indicating a flourishing labour market in the country.
The report’s findings reveal remarkable trends across various aspects of the job market in India. Regarding industry trends, it is evident that Healthcare and Pharmaceuticals stand out with 86% workforce expansion. Electric Vehicles and Infrastructure follow closely behind at 85%. Moreover, the top industries for new hiring include the Electric Vehicle and Infrastructure Sector at 88% and Healthcare and Pharmaceuticals at 87%. For replacement hiring, Power and Energy lead the way at 88%, followed by Fast Moving Consumer Durables at 85%, and Healthcare and Pharmaceuticals at 84%.
Sharing his views about the industry and the report’s findings, Mr. Kartik Narayan, CEO – Staffing, TeamLease Services, said, “Observing the dynamic evolution of India’s economy, there’s a distinctly optimistic tone among employers. An impressive 79% of them are planning to increase their workforce, indicating a robust financial foundation supporting this optimism, particularly for Q4. Despite a slower pace in Q3, this upward trend in employment isn’t merely about increasing headcounts; it’s a strategic move to leverage economic growth and take advantage of conducive policies, contributing significantly to the country’s economic resurgence.”
“As we navigate the evolving landscape, we have an opportunity to shape a brighter future for the workforce. We must continue to adapt, innovate, and invest in the skills and focus on diversity and inclusivity that will drive India’s growth in the coming months,” he added.
“The upcoming job landscape in consumer-centric sectors such as healthcare and pharmaceuticals, Electric Vehicles (EV), and Infrastructure and Fast-Moving Consumer Durables (FMCD) reflects commendable growth. This surge in job aspects is driven by a collective demand for innovation, sustainability, and advancements in technology. These sectors are at the vanguard of addressing societal needs, be it in delivering essential healthcare services, developing eco-friendly mobility solutions, or meeting evolving consumer preferences. Their forward-thinking approaches and adaptability to changing market dynamics pave the way for substantial job opportunities, marking a pivotal moment where industries align with the aspirations and necessities of the future.” – Balasubramanian A, VP & Business Head, TeamLease Services.
While commenting on the BFSI sector’s robust growth Krishnendu Chatterjee, VP and Business Head, TeamLease Services, commented, “79% of employers going for new hiring, and 70% for replacement hiring. Kolkata takes the lead in H2 for BFSI workforce expansion. The Human Resources function spearheads the incremental new hiring. The employment landscape is optimistic, with none falling below 65% in incremental new hiring across industries. Additionally, a substantial 85% incremental new hiring in blue-collar roles showcases the enduring value of hands-on operational roles.”
When examining trends by city, the report highlights specific locations where employment opportunities are thriving. Bangalore has the highest rate of incremental workforce expansion at 89%, followed by Chennai at 83% and Mumbai at 82%. For new hires, Bangalore maintains its prominence at 87%, with Mumbai at 86% and Chennai at 83%. In the category of replacement hiring, Mumbai leads with 82%, followed by Bangalore at 78% and Chennai at 76%. Tier-2 cities are not far behind as these cities are gaining business prominence and show high incremental workforce expansion in cities like Coimbatore, Gurgaon, Kochi, Nagpur, Chandigarh, and Indore.
Regarding trends in different functional areas, the report underscores the significance of specific functions within the job market. In workforce expansion, Human Resources, Marketing, and Information Technology emerge as the top functions with 71%, 70%, and 70%, respectively. For new hires, the Human Resources function takes the lead with an impressive 92%, while Marketing follows closely at 87%. For replacement hiring, the Information Technology function leads the way with 94%, with Human Resources close behind at 89%.
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- By Rabindra
14, Dec 2023
ARAPL Announces India’s First Robotic Car Parking System Using AGVs
[Pune, 14 December 2023] Affordable Robotic and Automation Limited (ARAPL) today announced its foray into machine shop automation with two power train robots. These 3-axis automated solutions will be piloted in December 2023 and generate an expected INR 40 crore in FY 2025 revenue for the new business line. ARAPL will also claim a 40% compounded annual growth rate for the fiscal year 2023.
ARAPL has collaborated with its subsidiary ARAPL RaaS to develop India’s first mobile robotic multi-level car parking system using automated guided vehicles. The advanced parking solution will roll out in December 2023 to set a new standard for efficient parking.
ARAPL also announced a rights issue to raise INR 48 crore to fund the new growth initiatives and boost working capital. INR 38 crore will be allocated to the ARAPL RaaS growth fund, while INR 10 crore will support ARAPL’s Working capital needs.
“We are delighted to introduce India’s first robotic car parking system. This will be the first of its kind in India. Moreover, our machine shop automation vertical will power our efforts in the sector of robotic automation. These initiatives will ensure a successful 2024”, said Mr. Mukund Shah, CEO of ARAPL.
In 2023, ARAPL added 60,000 square feet of new production capacity to meet expansion goals. Buoyed by 135% year-over-year revenue growth in the first half of 2023, the company strategically invests to sustain rapid growth.
14, Dec 2023
Embassy Group’s Concrete Measures for Lasting Change in the Global Health Agenda
Bengaluru, 14th December 2023: The pandemic underscored the utmost importance of universal access to health and well-being and the necessity of robust and adaptable healthcare systems, awakening a global realization of their profound significance. According to the World Health Organisation (WHO), half of the global population lacks the necessary healthcare access.
As we celebrate International Universal Health Coverage Day and this year’s theme, “Health for All: Time for Action,” we need to put emphasis on the urgency for concrete and immediate measures in shaping the world we aspire to see. The commitment to health as a human right will significantly determine the resilience of the economies and societies we build and rebuild today and far into the future.
At the Embassy, we practice a holistic approach that goes beyond the basics to meet the diverse needs of individuals and communities, with a focus on sustainability, collaboration, empowerment, and stakeholder engagement. To date, we have worked with 41 corporates on 74 projects in the spaces of education, infrastructure, health, and COVID-19.
Our holistic health and hygiene programme for government schools saw an enormous increase in the radius of impact under our Corporate Connect umbrella. Since 2016, we have been championing preventive health awareness in government schools with our corporate partners, laying the basis for a generation of students with improved lifelong resilience to disease. In the last year, we supported 42,000 students across India with our programme.
The need of the hour is to have a conscious commitment to make a real, long-term sustainable developmental change through a collaborative approach. With the vision to contribute to the socio-economic development of the world, collaborative CSR can create a bigger radius of societal impact through collective action.
14, Dec 2023
Indian Overseas Bank Elevates Banking Convenience: New ATM Inaugurated at Chepauk Stadium
In a significant stride towards enhancing banking accessibility, Shri Ajay Kumar Srivastava, MD&CEO of Indian Overseas Bank, inaugurated a state-of-the-art ATM at Chepauk Stadium.
The ceremony witnessed the esteemed presence of Shri R I Palani, Hon Secretary of TNCA, Shri. Lakshmi Venkatesh R, General Manager, ITD, Shri Reyazul Haque, General Manager, GAD, Chief Regional Manager of Chennai – 1 Shri Devender Kumar, and various officials from both the regional and central offices.
The event marked a collaborative effort to bring banking services closer to the community, with the newly inaugurated ATM serving as a testament to Indian Overseas Bank’s commitment to customer convenience.
14, Dec 2023
Cloudflare Publishes Top Internet Trends for 2023
India, December 14th, 2023 – Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today published its fourth annual Year in Review, exploring global Internet insights and security trends, accompanied by a deeper dive on the most popular Internet services in 2023.
The Internet is one of, if not, the most ubiquitous aspect of modern life. Cloudflare’s Year in Review revealed that in 2023 alone, there was a 25% increase in global traffic, with no signs of slowing. This growth underscores the dependency on Internet services to facilitate and underpin vital systems and tasks such as supporting global digital economies, enabling the operations of healthcare networks, maintaining business continuity for enterprises, and ultimately connecting people with their communities.
Some of the biggest highlights of 2023 include:
● Most Popular Internet Service: Google came in first for the second year in a row, followed by Facebook (#2), Apple (#3), and TikTok (#4).
● Most Popular Social Media Platform: Facebook came in first, beating out 2022 leader TikTok (#2), followed up by Instagram (#3) and Twitter/X (#4).
● Most Popular Generative AI Service: OpenAI came in first for this emerging category, followed by Character AI (#2), Quillbot (#3), and Hugging Face (#4).
● Most Targeted Industry: Threat actors most commonly launched attacks on Financial organizations, globally.
● Most Common Cyberthreats: Deceptive links and extortion attempts found in malicious email messages were the top two most leveraged attack types.
● Internet Outages Observed: There were more than 180 Internet outages around the world in 2023 – compared to over 150 in 2022 – with many due to government-directed regional and national shutdowns of Internet connectivity.
“We all depend on the Internet, and Cloudflare’s global network – one of the largest in the world – has evolved into a pillar of the critical infrastructure the digital world relies on,” said Matthew Prince, CEO and co-founder at Cloudflare. “Our unique role on the Internet allows us to see the ebbs and flows of online popularity and emerging technology trends in real-time – such as the boom in AI and accelerated global use of Starlink. It is our responsibility to be transparent and share the data and perspectives from reports like our Year in Review to help keep the online world more informed, resilient, and secure.”
This data comes from Cloudflare Radar, a free tool that lets anyone view global trends and insights across the Internet. Radar is powered by data from Cloudflare’s global network (one of the world’s largest, spanning 300+ cities in 100+ countries), and aggregated and anonymized data from Cloudflare’s 1.1.1.1 public DNS Resolver, widely used as a fast and private way to browse the Internet.
14, Dec 2023
F5 Celebrates Significant Sweep of Industry Accolades in 2023
Bengaluru – December 14, 2023 – F5 (NASDAQ: FFIV), the global leader in multi-cloud application security and delivery, is proud to announce its impressive roster of award wins in 2023. The awards underscore the company’s commitment to innovation and excellence as well as its intense focus on making it easier for customers to maximize performance and strengthen security for all their apps, everywhere they are deployed.
CRN®, a brand of The Channel Company, has recognized F5 Distributed Cloud Network Connect as a winner in the 2023 Products of the Year Awards in the Networking – Enterprise category. The CRN Products of the Year Awards honor leading IT products and services that represent the most cutting-edge technologies in the channel today. Winners in this year’s awards represent innovative offerings that meet the ever-changing needs of the IT channel and their customers. The 2023 winners were selected by the CRN editorial team in 33 different technology categories. Finalists were then rated by solution providers who have real-world experience with the products, scoring them on several criteria in areas such as Technology, Revenue and Profit, and Customer Need.
CRN’s award for Distributed Cloud Network Connect underscores F5’s passion for helping its customers simplify hybrid and multi-cloud environments. Distributed architectures are the new standard, whether businesses have planned for it or not—however, they can flourish in a multi-cloud world. While distributed environments are complex, consistent processes and tools designed for this new reality can help tech leaders deliver more, faster while saving time and money.
F5 has also been recognized by SC Magazine with two prestigious awards: “Best Web Application Solution” and “Security Marketing Campaign of the Year.” These accolades reflect, respectively, F5’s dedication to providing robust security solutions with its Distributed Cloud WAAP solution, and its effectiveness in communicating the human aspect of cybersecurity to a broader audience through its “A Force For” campaign. Any app security solution must be intuitive and easy for teams across the organization to deploy—or else it won’t get used. F5’s Distributed Cloud WAAP solution was built with this core principle in mind.
In a threat landscape that’s constantly changing, businesses need adaptive, automated app security solutions that are easy to love and hard to defeat. It’s this philosophy that drives F5’s product innovations and is part of the reason why the company has been honored by PeerSpot with the esteemed Tech Leader Award for three of its products: F5 BIG-IP Local Traffic Manager (LTM) in the Application Delivery Controllers (ADC) category, F5 BIG-IP Advanced WAF in Web Application Firewall (WAF), and F5 NGINX Plus in Application Infrastructure.
In addition, F5 has been awarded six TrustRadius 2023 Best of Awards, celebrating the company’s outstanding product performance and customer satisfaction. This recognition from TrustRadius highlights F5’s unwavering dedication to delivering top-tier technology solutions to its customers. With F5, customers can maximize app performance and reduce security headaches—everywhere their apps are deployed. Detailed information about these awards can be found at F5’s blog: F5 Receives Six TrustRadius 2023 Best of Awards. Notably, both the TrustRadius and PeerSpot awards are based on authenticated customer sentiment.
Lastly, F5 is thrilled to share that its Distributed Cloud Services have been selected as a finalist in the inaugural Silver Linings Cloud Innovation Awards. F5 Distributed Cloud Services are SaaS-based security, networking, and application management services that enable customers to deploy, secure, and operate their applications in a cloud-native environment wherever needed—data center, multi-cloud, or the network or enterprise edge. This nomination is a significant milestone for F5 in cloud networking and its offerings for secure multi-cloud networking. The Cloud Innovation Awards spotlight exceptional innovation that drives industry transformation and improvement.
“We are deeply honored by the industry-wide recognition of our relentless pursuit of excellence. Each award is a testament to our team’s unwavering dedication to innovation, customer success, and delivering solutions that not only meet but exceed the dynamic needs of our customers as they manage the complexity of today’s multi-cloud environments,” said Greg Maudsley, Senior Director, Product Marketing at F5. “These awards spotlight our focus on product performance and customer satisfaction, which remains at the heart of everything we do at F5. We are grateful for the recognition and inspired to continue our momentum heading into 2024, always with our customers’ success as our guiding star.”
14, Dec 2023
TAISI onboards Educationist Ms. Lina Ashar and collaborates with Dreamtime Learning to revolutionize Futuristic Education
India, 14th December 2023 – An accomplished entrepreneur, educationist, and author, Ms. Lina Ashar joins The Association of International Schools of India (TAISI) as a board member. The strategic collaboration also includes a partnership with Dreamtime Learning, bringing innovative curriculum solutions to over 200 member schools associated with TAISI.
Ms. Lina Ashar is renowned for her visionary leadership in education and is the founder of Dreamtime Learning. With this collaboration, she brings a wealth of expertise and insights to TAISI. Her commitment to fostering excellence in education aligns seamlessly with TAISI’s mission to promote global education standards in India.
As part of this strategic collaboration, TAISI has partnered with Dreamtime Learning to offer a futuristic curriculum to TAISI member schools. Dreamtime Learning has recently launched a curriculum-based model for Futuristic Schools’ Powered by Dreamtime Learning’. The curriculum is mainly from the International Standard Curriculum and is aligned and structured with the NEP 2020. The curriculum also boosts the Learning Management System (LMS) for better learning. This curriculum-based model is all set to redefine the future of education of over 200 schools associated with TAISI by offering them a dynamic and adaptable curriculum.
Dreamtime Learning’s innovative approach to education focuses on preparing students for future challenges by integrating technology, critical thinking, and creativity into the curriculum. Collaboration with TAISI will add the new realm to the vision of Dreamtime Learning.
Ms. Lina Ashar expressed her enthusiasm about the collaboration, saying, “Joining the TAISI board is an exciting opportunity to contribute to advancing international education in India. I look forward to working closely with TAISI and enhancing the quality and global perspective of education within the country. Further collaborating with my venture, Dreamtime Learning, and empowering schools with a curriculum that prepares students for a rapidly evolving world is a great approach.
This forward-looking curriculum emphasizes abilities like critical thinking, flexibility, and technology competence to prepare students for success in an ever-evolving global landscape. We aim to prepare students academically and with the skills and mindset necessary to navigate a rapidly changing and technologically driven world. With this association, we are collectively working towards the common objective of enhancing international education standards in India.”
Mrs. Anuradha Moonga, the Founder of TAISI, is thrilled with this association and its potential impact on schools. “We are excited to board Ms. Lina Ashar, who has been a change-maker in Indian education and has been transforming education for over three decades. Taking her on board will make a significant move for TAISI and will bring the epitome of creativity and innovation. Our collaboration with Dreamtime Learning, Ms. Ashar’s new venture will provide our schools with a futuristic curriculum designed as a cutting-edge educational solution that prepares students for a globalized and dynamic future.”
The collaboration between TAISI, Ms. Lina Ashar, and Dreamtime Learning signifies a commitment to disrupt the education in India. This combined expertise and vision are poised to bring about positive transformations in the realm of international education.
14, Dec 2023
Apollo Supply Chain Enters into an Agreement with Jawa Yezdi Motorcycles to manage their Logistics across India
Mumbai, December 14, 2023: Apollo Supply Chain Pvt. Ltd., an integrated logistics solutions provider, has announced its partnership with Classic Legends Private Limited (CLPL), the parent company of Jawa and Yezdi motorcycles, known for the fusion of vintage aesthetics and modern engineering. This collaboration aims at optimizing the logistics of Jawa Yezdi Motorcycles, bringing efficiency, and ensuring seamless distribution of their motorcycles across India with improved availability.
Under this partnership, Apollo Supply Chain will undertake the logistics management for Jawa and Yezdi motorcycles, including transportation of finished goods from the manufacturing plant to various delivery points and multi-echelon inventory management. Additionally, Apollo Supply Chain will have the responsibility to manage the operations of the in-plant warehouse and various transit vehicle points located across India to ensure seamless movement of these motorcycles across the supply network.
This strategic partnership brings numerous benefits to both Jawa Yezdi Motorcycles and its customers. As part of the assignment, various transit vehicle points are identified to enable hub and spoke operations and bring in efficiencies in logistics operations. Primary distribution cost is optimized using specialized trailers designed to carry high loads. For secondary distribution, tech solutions such as load and route optimization tools are utilized to maximize vehicle space utilization and minimize vehicle travel distance and time through efficient route planning.
“Through this partnership, we aim to strengthen the PAN India motorcycle distribution of Jawa Yezdi Motorcycles’ by introducing innovative logistics solutions. We are confident that this will optimize the transportation cost to service dealers and improve the delivery turnaround time (TAT). ” – Mr. Raaja Kanwar, Chairman and Managing Director, Apollo Supply Chain.”
Commenting on the partnership, Mr. Ashish Joshi, CEO Jawa Yezdi Motorcycles said, “At Jawa Yezdi Motorcycles, we’re excited to partner with Apollo Supply Chain in our quest to surpass customer expectations by building a robust distribution network. This collaboration allows us to streamline operations, achieve cost efficiency, and ergo, enhance the customer experience. With Apollo’s innovative solutions, including routing and load optimization tools, we’re committed to delivering swift, uncompromised service and ensuring faster delivery times and improved inventory availability.”
CLPL in association with Apollo Supply Chain, aims to improve service to its customers (dealers) located all across India while optimising the transportation cost.
14, Dec 2023
Live workshop highlights use of Laser Technology in various treatments
Bengaluru, December 14, 2023: Oreol Academy in association with Relife Hospital, Banneghatta, has organized an international workshop on Laser Proctology. More than 200 doctors from across 33 countries attended the online workshop led by Prof. Dr. Neeraj Goyal from Max Hospital Delhi. The one-day workshop focused on the utilization of laser technology in proctology, showcasing various advanced surgical procedures and techniques.
While Dr. Neeraj Goyal dealt with the surgical aspects of laser technology, Praveen Knight, CEO, Oreol Group of Companies, provided insights into the commercial aspects of laser-based procedures. The live demonstrations showcased the precision and benefits of minimally invasive laser surgeries, addressing various proctological conditions. From treating hemorrhoids and fissures to addressing more complex proctological issues, the workshop highlighted the remarkable outcomes achievable through laser-based interventions.
One of the remarkable aspects of a workshop organized by Oreol Academy was its global reach, with doctors from diverse cultural backgrounds and geographical locations participating remotely. The interactive sessions facilitated live discussions, enabling the exchange of ideas and experiences among the international medical community. Dr. Divya Bhalodi from Gujrat praised the workshop’s enlightening insights, expressing eagerness to implement laser techniques in practice.
The workshop’s impact is already evident in improved patient care, promising quicker recoveries and enhanced treatment outcomes. According to Oreol Academy, the success of the workshop underscores the commitment of medical professionals to advancing proctological care through innovative technologies, setting the stage for future collaborations and advancements in the field.
13, Dec 2023
Bricks and Mortar vs. Paper Gains – Why Owning a Home Wins
By – Akash Pharande, Managing Director – Pharande Spaces
In the wake of the Indian stock market’s record-breaking highs, many investors find themselves in a quandary. Should they continue investing in stocks, chase the ever-fluctuating gold market, or explore a different path altogether? While both assets have the potential for reward, there’s one asset class that consistently outperforms them in both value appreciation and overall satisfaction: residential real estate.
Real Estate: A Consistent and Reliable Performer
Consider these compelling statistics:
The national average residential property price increased by over 8% year-on-year in the first half of 2023, according to leading property consultancies.
Average rental yields across major Indian cities ranged between 2.5% and 4.5% in 2023, providing a steady stream of passive income.
Property prices in key metropolitan areas like Mumbai, Bangalore, and Delhi have grown by an average of 15% annually over the past five years.
These figures paint a clear picture: residential real estate offers consistent appreciation, making it a reliable long-term investment.
Beyond Financial Returns: The Unquantifiable Value of Owning a Home
The true value of real estate extends far beyond financial benefits. Owning a home provides a fundamental human need: a secure and comfortable haven. This alone carries immense value, offering stability, peace of mind, and a sense of belonging that no stock or gold investment can replicate.
Land: A Scarce Resource with Increasing Value
Unlike stocks, which can be readily replicated and traded, land is a finite resource. As India’s population continues its rapid growth, the demand for housing shows no signs of abating. This translates to an ever-increasing scarcity of land, particularly in desirable locations. By investing in real estate, you’re not just buying a home; you’re securing a piece of land that will only become more valuable with time.
The Psychological and Social Benefits of Homeownership
Owning a home goes beyond dollars and cents. It fosters a sense of belonging, community, and pride. It provides a space for families to grow and thrive, creating memories that will last a lifetime. Studies have shown a positive correlation between homeownership and mental well-being, overall life satisfaction, and even stronger family bonds.
A Treasured Legacy for Generations to Come
Real estate offers a tangible, long-term investment that can be passed down to future generations. By investing in a home, you’re not just building wealth for yourself, but for your family’s future as well. This creates a generational legacy that ensures long-term financial security and stability for loved ones.
Financial Stability Through Rental Income
Owning a second home or renting out a portion of your property can be a reliable source of passive income. This additional income stream can contribute to financial stability, retirement planning, and achieving other financial goals, ultimately giving you greater control over your financial future.
Tax Benefits and Portfolio Diversification
Investing in residential real estate offers various tax benefits, including deductions on home loan interest and capital gains tax exemptions under certain conditions. This further enhances the financial attractiveness of owning a home. Additionally, real estate provides diversification benefits for your portfolio, protecting you from the volatility of the stock and gold markets, thereby creating a more balanced and resilient investment strategy.
A Home is More Than an Investment
While stocks and gold may offer the allure of short-term gains, they also come with the risk of sharp dips and worrisome highs. In contrast, real estate remains a cornerstone for long-term wealth creation and overall well-being. With its consistent appreciation, increasing land value, social and psychological benefits, and long-term value proposition, a home offers much more than just financial returns.
It is the only investment that delivers multiple and sustained returns and should definitely feature large in a diversified investment portfolio. And – it’s a place to call your own, a sanctuary for your family, and a legacy to be cherished for generations to come. As the Indian economy continues its growth trajectory and urbanization progresses, investing in real estate remains a wise and rewarding decision for those seeking a secure and fulfilling future.
