Category Archives: Business

Phenom Enhances AI Resource Planning Capabilities with EDGE Acquisition for Global Market

Hyderabad, February 10, 2025 — Phenom, an AI company specializing in HR, today announced it acquired EDGE, a leading resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom’s workforce intelligence solutions for the professional services industry and global capability centers (GCC).

The sixth acquisition and addition to the Intelligent Talent Experience platform portfolio marks a significant step in Phenom’s purpose to help a billion people find the right work. This acquisition demonstrates the company’s expansion in the India market with its rapidly growing enterprise sector and rising demand for technology adoption in HR functions.

Phenom aims to double its workforce within the next two years across its existing offices in Hyderabad, Vizag, and Bengaluru, with plans to add more locations across the country.

The EDGE acquisition adds advanced resource planning capabilities to the Phenom platform, market tested by some of the world’s leading professional services organizations and GCCs. This further strengthens the ability for Phenom to deliver solutions suited to different industries’ talent needs, helping companies execute strategic workforce planning at scale.

EDGE ontologies have been refined through thousands of interactions with employees, managers and HR to deliver highly contextual recommendations for the GCC market. This, coupled with their unique automation framework, has helped companies achieve:

● 16-day reduction in internal fulfillment cycle time

● 21% increase in the number of demands fulfilled internally

● 36% increase in supply visibility

● 28x increase in the number of contractors replaced by existing staff

“Phenom has been on our radar for several years due to their focus on AI and talent intelligence for a variety of HR applications across different industries,” said Sharath Hari, Vice President at the Everest Group analyst firm. “This acquisition is a logical next step to support their verticalization strategy.”

“In the face of rapidly developing AI innovations, organizations must level up their workforces to remain competitive,” said Mahe Bayireddi, CEO and co-founder of Phenom. “Intelligence and automation empower HR teams to provide phenomenal experiences at scale, and the EDGE acquisition adds tremendous value to better serve professional services companies and global capability centers.”

Vietjet Enhances Fuel Efficiency with AI-Powered Solutions in Partnership with OpenAirlines

(Mumbai, February 10, 2025) – Vietjet, Vietnam’s new-age carrier, has signed a strategic partnership agreement with OpenAirlines, a global leader in airline fuel efficiency solutions leveraging artificial intelligence (AI), further advancing its journey toward optimized flight operations.

Vietjet will be the first airline in Vietnam to adopt SkyBreathe®, an innovative platform that utilizes AI, big data algorithms, and machine learning to analyze extensive flight data and optimize fuel consumption. The system collects and integrates information from multiple sources, including aircraft data and fuel reports, into a single platform. With over 21 million flights analyzed, SkyBreathe® relies on the world’s largest fuel efficiency database for airlines.

The SkyBreathe® 360° eco-flying platform identifies concrete opportunities for fuel savings and provides tailored recommendations to key airline stakeholders, including pilots and flight operations managers, fostering effective collaboration. By promoting a green culture while maximizing productivity, the platform enables airlines to achieve both environmental and operational benefits. According to OpenAirlines’ analysis, SkyBreathe®’s user-friendly interface and detailed analytics will empower Vietjet to make informed decisions, reduce fuel consumption by 2%, and cut CO2 emissions by over 96,000 tons annually.

Additionally, Vietjet will roll out the SkyBreathe® MyFuelCoach application to all its pilots. This dedicated fuel assistant offers personalized eco-briefings and debriefings, allowing pilots to monitor their performance, identify areas for improvement, and implement best practices for fuel efficiency. By adopting these measures, pilots can lower fuel consumption while minimizing the environmental impact of their flights.

“This partnership underscores Vietjet’s unwavering commitment to more sustainable flight operations. By harnessing the power of innovation and digitalization, the airline is turning its ambitious goal of net-zero emissions by 2050 into concrete actions that benefit not only itself but the entire aviation ecosystem, travelers, and the planet. The implementation of SkyBreathe® is already underway, enabling Vietjet to unlock its full potential and achieve measurable results quickly,” said Alexandre Feray, CEO of OpenAirlines.

Vietjet Vice President Nguyen Duc Thinh added: “Today’s agreement with OpenAirlines marks a significant milestone in Vietjet’s sustainable development strategy. By leveraging advanced technologies, we can continuously innovate, optimize operations, reduce fuel consumption and CO2 emissions, and enhance passengers’ flight experiences at reasonable costs. This collaboration further demonstrates Vietjet’s relentless efforts toward sustainability while delivering long-term benefits to the global aviation industry.”

By joining the 73-member SkyBreathe® Community, Vietjet gains access to a dynamic international network of airlines committed to building a more sustainable aviation industry. As part of this community, Vietjet will receive ongoing support from a dedicated OpenAirlines fuel expert, who will help the airline optimize performance and maximize benefits throughout its SkyBreathe® journey.

Vietjet is one of the fastest-growing airlines in the Asia-Pacific region. It continues to expand its modern fleet with aircraft from world-leading manufacturers while actively growing its global flight network. Through strategic partnerships with key international aviation and technology leaders, Vietjet remains committed to sustainable development and innovation.

SAMHI Hotels & ISH Sign MoU for Management Development Program

Gurugram, 10th Feb 2025: SAMHI Hotels Limited is proud to announce its collaboration with the Indian School of Hospitality, a renowned institution specializing in management and leadership development, to introduce an exclusive Management Development Programme for senior leaders. This initiative aims to foster innovation, strategic thinking, and leadership excellence within the hospitality sector.

The program launched on 3rd February 2025, is tailored for senior executives at the various hotels under the umbrella of SAMHI Hotels Limited to equip them with cutting-edge skills in leadership, operational finance, and business strategy. Participants will engage in a curriculum designed by the Indian School of Hospitality, known for its expertise in Hospitality Management, Finance, Leadership, and Strategy.
The program has been designed and contextualized to the needs of hospitality leaders of today and would include experiential workshops, case studies, mentorship, and hands-on action learning projects, ensuring participants gain practical insights and tools to address the challenges of a dynamic global market.

“We are very excited to partner with the Indian School of Hospitality to create a bespoke program for emerging leaders across our hotel portfolio,” said Ashish Jakhanwala, Chairman, MD & CEO of SAMHI Hotels. “As we invest capital to grow our hotel portfolio, we also remain committed to investing in developing talent. What makes this unique is that the program is available to leaders across different brands that our hotels operate under and therefore the cohort itself brings phenomenal experience to the classroom”

Indian School of Hospitality is delighted to partner with SAMHI Hotels Limited to deliver this bespoke leadership program,” said Mr Dilip Puri, Founder and Executive Chairman, of Indian School of Hospitality. “Our goal is to empower leaders with the knowledge and skills to drive organizational success and adapt to the evolving demands of the hospitality sector.”

The partnership underscores a shared commitment to leadership excellence, innovation, and continuous learning. The first cohort will consist of 27 participants and will commence on 3rd February at the Indian School of Hospitality.

Re-Kindle the Romance in this Season of Love at Taj Coromandel

This Valentine’s Day, let love take center stage at Taj Coromandel, where every moment is designed to celebrate romance. Whether it’s an elegant Italian feast at Prego, an intimate poolside dinner under the stars, or indulgent sweet treats from La Patisserie, the Cake Shop & Delicatessen for connoisseurs of fine desserts, Taj Coromandel has the perfect setting to make your celebrations unforgettable this Valentine’s Day.

An Italian Affair at Prego

At Prego, the stylish Italian restaurant, romance meets the finest Italian flavors in an enchanting setting to make your celebration unforgettable. Indulge in a specially curated menu featuring a delightful selection of artisanal cheeses, charcuterie, and antipasti, followed by handcrafted delicacies like Our Caprese, a classic pairing of Buffalo Mozzarella, cherry tomatoes, and fresh basil; or Asparagi Alla Griglia with grilled asparagus with parmesan and almonds. Continue the culinary romance with handcrafted pasta such as Ravioli di Spinaci e Ricotta with delicate half-moon ravioli, spinach, and ricotta with brown butter; and Truffle Verdura Cesta made with tart, baby lettuce, exotic vegetables, and pine nuts. Seafood lovers can relish the exquisite Gamberoni Alla Griglia, featuring grilled king prawns and sautéed vegetables. Guests can also enjoy Pollo alla Parmigiana al Forno with oven-baked Parmesan chicken and spicy tomato sauce, or Costoletta D’agnello Alle Erbe with grilled New Zealand lamb chops, sauté spinach, mushroom bolognese, and lamb jus. Conclude the romantic evening on a sweet note with an indulgent Valentine’s Dessert Bar offering Raspberry Chocolate Pot de Crème and Rose Pots to Be Mine Cupcakes and the luxurious Champagne Jelly with Frosted Berries. Prego, Taj Coromandel, Chennai | February 14 | Dinner ||

Romance Under the Stars

For those looking to indulge your valentine in a romantic luxurious dining experience, the exquisite Poolside sets the stage for an intimate evening by the shimmering waters. Set against the backdrop of the tranquil blue pool, the experience offers an exclusive 7-course gourmet menu, romantic live music, and a personalized table setting. The evening begins with a luxury car pick-up and drop-off, complemented by fine wines for an unforgettable celebration. Poolside, Taj Coromandel, Chennai | February 14 | Dinner

Sweet Indulgence at La Patisserie

Extend the celebration of love with a visit to La Patisserie, where a delightful selection of masterfully crafted cakes and exquisite desserts awaits you. Indulge in the refined allure of Red Velvet Mocha and Hazelnut Hot Chocolate, perfect to make your day with your special someone! La Patisserie, Taj Coromandel, Chennai | Available till February 15.

Join us at Taj Coromandel, Chennai this Valentine’s Day and create memories to last a lifetime!

Samp Army Expands with Gujarat Franchise for Legend90 in Raipur

The Samp Army franchise is continuing to grow and expand its reach in the world of cricket. Under the leadership of Chairman Mr. Ritesh Patel and Mr. Akshar Patel, COO of Samp Group, Samp Army has added a new franchise to their roster, Gujarat Samp Army, which will now be participating in the prestigious Legend90 cricket tournament in Raipur, India. In this team, Thisara Perera, Irfan Pathan, Kesrick Williams, William Perkins, and Miguel Cummins are key players of the team. This expansion marks an exciting new chapter for the team, further solidifying their position as a key player in the international cricket scene.

The Team Behind Samp Army’s Success

The success of Samp Army can be attributed to the collective efforts of a talented and dedicated management team. Each individual brings unique expertise to the table, ensuring that every aspect of the franchise operates smoothly and efficiently.

As the Team Director of Samp Army, Chirag Patel plays a pivotal role in shaping the strategic direction of the team. His deep understanding of the game and player dynamics has been instrumental in the team’s success, particularly during their outstanding performance at the Abu Dhabi T10 League. Chirag is known for his excellent leadership skills and ability to motivate his players to perform at their best under pressure. His vision for the new Gujarat Samp Army franchise is to continue building a team that will make waves in the cricketing world.

Mayur Vyas, the Media & PR Director of Samp Army, has been at the forefront of managing the team’s public image and communications. His work in the media realm ensures that Samp Army’s achievements and milestones are effectively communicated to fans and stakeholders. Mayur’s creative approach has contributed significantly to the team’s growing popularity, and his success in promoting Samp Army’s presence at international events like the Abu Dhabi T10 League has set the stage for their upcoming participation in Legend90. His goal remains to continue enhancing Samp Army’s brand visibility and connection with the fans.

As the Director of Global Operations, Prashum spearheads the growth and development of Samp Army’s franchise network. His strategic leadership ensures seamless and efficient franchise operations, especially as the team expands into new regions like Gujarat. With a strong business acumen and an unwavering passion for cricket, Prashum has been instrumental in driving Samp Army’s success on the global stage. His track record includes the successful execution of ZIM AFRO T10 Seasons 1 and 2, along with Abu Dhabi T10 Season 7. Committed to excellence, Prashum is focused on positioning the Gujarat Samp Army as a dominant force in Legend 90 and beyond.

Handling the critical operations that keep the team moving, Hitesh Patel serves as the Logistics Director for Samp Army. He ensures that all logistical aspects, from player travel to matchday arrangements, are seamlessly executed. Hitesh bhai’s attention to detail and strong organizational skills were crucial in the team’s successful participation in the Abu Dhabi T10 League, and he remains committed to ensuring that everything runs smoothly for Gujarat Samp Army during their Legend90 campaign. His behind-the-scenes work plays a significant role in keeping the team focused on their performance while he handles the complexities of logistics.

A Bright Future Ahead

Samp Army’s management team has proven itself time and again with its stellar performance in tournaments such as the Abu Dhabi T10 League. The addition of the Gujarat Samp Army franchise further strengthens the brand’s footprint, and the team is now looking forward to making a mark in Legend90 in Raipur, India.

With Chirag Patel’s leadership, Mayur Vyas’s media expertise, Prashum’s franchise expansion, and Hitesh bhai’s logistical excellence, Samp Army is well-positioned to continue its winning streak and further cement its reputation as a rising force in the cricketing world.

As the new Gujarat Samp Army takes the field at Legend90, all eyes will be on them to see how they perform. One thing is for sure — with such a strong and experienced leadership team, the future of Samp Army is very bright indeed.

Canon India Launches CANwithCanon: Stories of Transformation

India, 10th Feb 2025: Canon India, one of the leading digital imaging companies, has launched its latest campaign, ‘I #CANwithCanon’, which celebrates the transformative impact of Canon’s products, solutions, and initiatives. The new campaign showcases inspiring real-life stories of how Canon’s technology, service, and culture empower individuals, businesses, and communities to achieve extraordinary outcomes.

The campaign truly reflects Canon’s unwavering commitment to fostering meaningful connections with its stakeholders and how the brand has built a legacy not just as a technology leader but also as a partner in progress for its customers, employees, and society at large. Engaging a broad audience with stories that highlight its impact across consumer, SME, enterprise, government, and social sectors, the campaign reinforces Canon’s position as a trusted partner dedicated to transforming ordinary moments into extraordinary possibilities, embodying the spirit of I #CANwithCanon.

Commenting on the campaign launch, Mr. Toshiaki Nomura, President & CEO, of Canon India said, “For over two decades, Canon India has been at the heart of countless success stories across the nation. I #CANwithCanon is our tribute to these partnerships and milestones, showcasing how Canon’s solutions have empowered individuals and businesses to unlock their full potential. Each story featured in this campaign is a testament to our commitment to enabling excellence, innovation, and connection through our products and services.”

Speaking about the campaign’s vision, Mr. C Sukumaran, Senior Director, Product & Communication, Canon India said, “I #CANwithCanon brings alive Canon’s philosophy of enabling excellence in business and everyday life. These stories demonstrate how our solutions address real business challenges and creative aspirations. From enhancing operational efficiency for SMBs to enabling photographers to push creative boundaries, each narrative showcases the transformative impact of Canon’s technology across sectors.”

The first video in the campaign featuring the story of Wee Prints, a trusted patron of Canon and a well-known company in the digital printing industry, showcases Canon’s role in enhancing the professional printing landscape through advanced solutions. With Canon’s technology, Wee Print increased its print volume from 1.5 lakhs to 2.5 lakhs, enabling them to efficiently meet growing client demands and elevate their business performance. The second video showcases Wheelzy Spot (An authorized dealer of JK Tyre) which sought more than just equipment—they needed a trusted partner to enhance their operations. Canon not only streamlined their tasks but also provided unwavering support through a dedicated service team, enabling them to perform efficiently. Going beyond business, community development is embedded in Canon’s DNA, and over the years the efforts have transformed the lives of many. Hence, the third video in the series narrates the stories of Tanu and Karina, who benefited from Canon India’s Skill Development & Livelihood Program. These inspiring stories demonstrate the essence of I #CANwithCanon which revolves around real progress and growth.

Keep watching this space as Canon will be bringing forth more real stories through this campaign in the coming weeks.

Valentine’s Week Gets Extra Special at Vegas Mall Dwarka with Exciting Celebrations

Delhi, February 10, 2025: This Valentine’s season, Vegas Mall, Dwarka, is all set to create an unforgettable experience for couples and families with its Valentine’s Week Celebration. From mesmerizing live performances to an open movie night under the stars, the mall will offer the perfect setting to celebrate love, joy, and togetherness. With an enchanting ambiance, soulful music, and engaging activities, Vegas Mall promises to make this Valentine’s special for everyone.

The Valentine’s Week festivities will take place from February 8th to February 14th, featuring a variety of events to suit every mood. The celebration will begin with a Poetry Evening on February 8th, followed by a fulfilled retro evening on February 9th. A Violinist will set a romantic tone on February 10th, while a Saxophonist will mesmerize visitors on February 11th. A Live chello performance will bring soothing melodies on February 12th, leading up to an exciting Salsa Night on February 13th, where couples can dance the night away. The grand finale on February 14th will be an Open Movie Night, offering a perfect cinematic experience for a romantic evening.

Speaking about the event, Ravinder Choudhary, Vice President, Vegas Mall, said, “Valentine’s is all about celebrating love in all its forms—be it with family, friends, or partners. Our week-long celebration is curated to offer an immersive experience where visitors can enjoy music, dance, and entertainment while making beautiful memories with their loved ones”.

Vegas Mall invites everyone to be part of this grand celebration of love and happiness. Whether you’re looking to enjoy soulful music, showcase your dance moves, or simply spend quality time with loved ones, this Valentine’s Week at Vegas Mall promises to be a memorable experience.

ICICI Prudential Life Insurance Streamlines Policy Management with Bima Central’s Real-Time Integration

10th Feb 2025, Chennai – CAMSRep’s in its on-going effort to improve the insurance repository value proposition, has now expanded Bima Central servicing capabilities through a direct integration with ICICI Prudential Life, one of the largest private life insurers, for real-time policy services. This integration enables CAMSRep eIA holders to make renewal payment, change their personal details, as well as update bank account and nominee/appointee in real-time on their ICICI Prudential Life policies.

 This direct integration now ensures that any changes or transactions done by policyholders at ICICI Prudential Life service points will also get updated in digital policies held in their eIA, thereby ensuring data consistency between insurer and insurance repository.

 “We are single-mindedly working to improve policyholder experience and our collaboration with ICICI Prudential Life has given us the strong momentum to expand the services on Bima Central for eIA holders” said Vivek Bengani, CEO, CAMS Insurance Repository.

 In the coming months, more such services as well as special use cases like digital assignment, grievance management and claims reporting, will get enabled on the platform.

 CAMSRep and ICICI Prudential Life Customer Service & IT teams worked together to create a seamless journey ensuring all validation and compliance checks are executed in real-time and avoid duplication of effort. Data security and all risk and compliance provisions have been adhered to, to make sure that customer data as well as process integrity is always maintained.

 Mr. Amish Banker, Chief Operations Officer, ICICI Prudential Life Insurance, said “ICICI Prudential Life Insurance is focused on delivering enhanced customer experience by simplifying processes. We believe providing convenience to our customers is the key to building long-term relationships. Our collaboration with Bima Central empowers our customers to make their premiums payments in a hassle-free and secure manner. Besides, enabling them to execute service requests on a real-time basis. The Bima Central platform will aid our customers to easily manage their policies, effectively acting as an anytime anywhere service touchpoint.”

 Mr. Banker, further added, “Life insurance is a long-term product therefore we urge customers to hold their policies in the dematerialised form. This mitigates the challenges associated with loss or damage of the physical policy document.”
For nominee/appointee change, Bima Central has integrated with DigiLocker for customer’s Aadhaar based KYC verification. For bank account update, it uses AI-OCR tech to read the cancelled cheque image and then does a penny-drop validation through CAMSPay APIs. All the data including the cheque images are passed on to the insurer and a full audit-trail is maintained for future reference.

 Bima Central has a renewal reminder service for all policies in eIA, where eIA holders get notified about due renewals 30 days and 15 days in advance. Users can then login to pay renewals on this platform for integrated insurers like ICICI Prudential Life, SBI General etc, where the latest renewal premium is accessed from insurer systems in real-time and payment is facilitated through insurer preferred payment gateways. To facilitate these payments, Bima Central has integrated with multiple payment gateways.

 “With life insurer and non-life insurer basic service integrations in place, Bima Central has now created a standard, replicable set of processes and APIs that will allow faster on-boarding of insurers and will allow us to build more use-cases. We are grateful to ICICI Prudential Life and SBI General who have been our founding insurers-partners in this journey” explained Mr. Vivek Bengani, CEO, CAMS Insurance Repository.

RBI’s 25 Bps Repo Rate Cut to 6.25% Spurs Real Estate Optimism

The RBI’s decision to reduce the repo rate by 25 basis points to 6.25% has been warmly welcomed by the real estate sector. This policy move is seen as a boost for the market, as lower borrowing costs can lead to increased liquidity, stimulating both residential and commercial development projects. Developers and investors are optimistic that reduced interest rates will drive affordability, encourage new investments, and create a healthier market environment. The decision is expected to foster stronger market confidence and promote sustained growth, ultimately benefiting consumers and strengthening the overall economic landscape. This initiative is eagerly embraced by experts.

Manoj Gaur CMD Gaurs Group and Chairman CREDAI National

The repo rate cut by RBI is a very welcome move. Coming at the heels of a people’s friendly budget, the repo rate cut of 25 bps announced by RBI will definitely infuse positive sentiments in the economy. Coupled with the income tax rebate, and tax concessions on second home and rental income, it will not only infuse liquidity in the market but also leverage the real estate sector’s investment potential. Real estate nationally has seen some good investment nationally in the past year and this trend is bound to continue in the coming quarter with this announcement.

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

The RBI’s repo rate cut to 6.25%—its first in nearly five years—provides a significant boost to India’s real estate market. Lower borrowing costs are set to enhance home affordability and fuel buyer confidence, particularly in the mid-income and premium segments. With our sector already making a substantial economic impact, this move paves the way for accelerated growth, increased project funding, and a thriving ecosystem that supports sustainable urban development.

Amit Modi Director, County Group

RBI’s decision to lower the repo rate by 25 bps to 6.25% brings relief to the real estate sector. The real implication of this move lies in the change in the stance of the central bank—this is the first rate cut in five years. This not only indicates a softening in RBI’s outlook but also carries a huge psychological implication for the market and leads us to expect more such reductions in the future.

Sanjay Sharma, Director, SKA Group

Central bank’s initiative not only aims to control inflation but also seeks to boost market sentiment. The first week of February has brought highly positive signals for the market, especially for the real estate sector. First, the budget introduced income tax relief, and now, with the repo rate being reduced by 25 basis points, the market is poised for an upswing. This decision will benefit both the general public and the sector at large.

Uddhav Poddar, CMD, Bhumika Group

A rate cut after five years is definitely a big moment for the country and indicates the direction of the RBI, this will raise the spirit of the entire economy and the real estate sector in specific. On the one hand, it will make purchasing properties cheaper it will also encourage consumption. But more than everything, this step will boost market sentiments and lead us to hope for more such rate cuts in the future.

Sandeep Chhillar, Founder and Chairman, Landmark Group

The RBI’s proactive rate cut, coupled with favorable announcements in Budget 2025, sets a positive tone for the real estate sector. Reduced interest rates will lower EMIs for first-time homebuyers, making homes more accessible. We welcome this decision by the government which will drive long-term growth across various segments.

Kushagr Ansal, Director Ansal Housing

The RBI’s move to cut the repo rate by 25 bps to 6.25% is a welcome signal for the sector. As a developer, this decision means lower financing costs and increased liquidity, which will help us pursue new projects and support broader economic growth.

Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group

The RBI’s decision to cut the repo rate by 25 basis points is a welcome move, especially after the growth-focused announcements made in the Union Budget 2025. With lower financing costs and increased liquidity, this step will directly benefit the real estate sector allowing both developers and home buyers easier access to credit. This will also stimulate demand across both residential and commercial segments. Thus, we look forward to a surge in activity in the sector following this announcement.

Dr. Amish Bhutani, Managing Director, Group 108

For a long time, there had been expectations that the RBI would cut the repo rate. Now, following the budget, the RBI’s decision to reduce it by 25 basis points is highly positive not only for developers but also for investors. This move will further improve market sentiment, and in the coming times, both the commercial and residential real estate markets are expected to witness significant growth. This decision clearly indicates that the government is strongly committed to boost the real estate sector.

Sanjeev Arora, Director, 360 Realtors

After a prolonged period, RBI has taken the decision to reduce the repo rate by 25 basis point. With inflationary pressure under control, this is a positive step for Indian economy. In addition to enforcing macroeconomic discipline, the heightened liquidity will help in driving demand and boost the consumer market. This will surely help residential, commercial, and hospitality real estate in India in a positive and organic manner. The industry was waiting for a repo rate cut since long and the recent correction by the GOI is indeed a welcome move.

Yash Miglani, MD, Migsun Group

With this 25-basis points rate cut, the RBI has sent a strong message of economic support, ensuring a more favorable lending environment. This move, along with recent budgetary measures, is set to enhance capital flow, strengthen buyer sentiment, and catalyze growth in key sectors. Lower borrowing costs will not only make credit more accessible but also encourage spending and investment, creating a positive ripple effect across the economy.

Gurpal Singh Chawla, Managing Director, TREVOC

The RBI’s first rate cut in nearly five years is a pivotal move. Cheaper borrowing costs, combined with recent tax concessions, create a strong tailwind for real estate. This shift isn’t just about affordability—it’s about renewed confidence in housing investments and liquidity flow.”

Manit Sethi, Director, Excentia Infra

A 25 bps reduction in the repo rate will have a ripple effect across the real estate sector. It will not only lower borrowing costs for developers but also sustain buyers’ interest in the sector. Notably, this could trigger an increase in property transactions, particularly in Tier 2 and Tier 3 cities where affordability and infrastructure are key growth drivers. This will make homeownership more feasible and encourage developers to expand their footprints in these high-potential regions.

Rajjath Goel, Managing Director, MRG Group

The RBI’s decision to cut the repo rate by 25 bps comes as a timely boost for the real estate sector. Lower interest rates translate to more favorable financing options, even for high-ticket properties. Combined with the increased disposable income from recent tax reforms in the Budget, this is an opportune moment for the sector, and we expect a sustained growth in sales this year.

Mukul Bansal, MD, Motiaz

“The RBI’s decision to reduce the repo rate by 25 basis points reflects a strategic effort to balance economic growth with inflation control. This timely move comes as the real estate market gains strong momentum. The lowered interest rates are expected to fuel greater enthusiasm among homebuyers, while also motivating developers to launch new projects and meet the evolving demands of a diverse buyer base.”

Vishal Sabharwal, Head Sales, Orris Group

“The RBI’s decision to cut the repo rate by 25 bps is a welcome move that aligns with the government’s progressive economic outlook. Lower interest rates will not only improve home loan affordability but also strengthen buyer confidence, driving real estate demand. Coupled with the Union Budget’s pro-housing measures, including tax relief and infrastructure investments, this monetary easing will provide the much-needed momentum for sustainable sectoral growth.”

Prateek Mittal, ED, Sushma Group

“The recent cut in the repo rate to 6.25%, coupled with the revised income tax slabs, is a significant boost for the real estate sector. Lower interest rates will make home loans more affordable, while increased disposable income will enhance buyers’ purchasing power. This combination is set to drive demand, particularly in emerging markets. At Sushma Group, we are optimistic about the positive impact this will have on both homebuyers and the overall economy.”

Piyush Kansal, Executive Director, Royale Estate Group

The rate cut by the RBI, along with the structural reforms in Union Budget 2025, will stimulate both the supply and demand sides of the real estate sector. As legal frameworks become more investor-friendly and financing costs decrease, we expect a surge in both domestic and foreign investments in real estate, further strengthening the sector.

Ashwani Kumar, Pyramid Infratech

Amidst the surge in demand for high-end properties, a reduction in the repo rate is a significant move that will take sector’s growth to new heights. This decision reflects the government’s responsiveness to buyer sentiments, setting the stage for increased sales and market activity. We anticipate sustained interest from buyers, while financial institutions and banks are likely to introduce more attractive lending options, further boosting the sector’s momentum.

Prakash Mehta, Chairman and Managing Director, Ocus Group

‘The RBI’s decision to cut the repo rate by 25 basis points to 6.25%, coming on the heels of a people-friendly budget, is expected to relieve borrowers and encourage fresh investments, creating a ripple effect across industries by improving liquidity, making home loans more attractive for buyers, and strengthening overall economic dynamics, which in turn will boost consumer confidence, accelerate demand in key sectors, and contribute to sustained economic growth in the long run.

Harsh Gupta, CEO, Sundream Group

The 25 bps reduction in the repo rate is a welcome step that will infuse optimism in the market. Even a marginal cut can have a significant impact by improving consumer confidence, encouraging home purchases, and boosting real estate investments. We hope this marks the beginning of a series of policy measures aimed at driving growth.

Neeraj Sharma, MD, Escon Infra Realtors

The RBI’s decision to cut the repo rate by 25 bps marks a pivotal step toward fostering economic growth and easing financial burdens on homebuyers. At a time when the Union Budget has already signalled a middle-class-friendly approach, this move further strengthens affordability and market sentiment. A sustained reduction in interest rates will enhance liquidity, drive housing demand, and provide a much-needed boost to the real estate sector.

Dimple Bhardwaj, Spokesperson Raheja Developers

The announcement by RBI to slash the repo rate by 25 bps is welcome news. Coming after two years of status quo, the market had waited long for this moment. Even though the quantum is not huge still it will have a huge psychological impact on the market. When seen in conjunction with the budget 2025 the RBI’s move will help people fulfill people’s housing dreams and boost the real estate sector.

Ajendra Singh, Vice President Sales and Marketing, Spectrum Metro

Reserve Bank of India’s decision to cut the repo rate after five years is a highly positive step for the real estate sector. This move will not only provide relief to homebuyers but also boost the real estate market and the overall economy. The 25-basis point reduction clearly indicates that the RBI is keen on stimulating the country’s economic growth. Following the budget announcement, this is the second major decision in a week that will help strengthen the economy.

Mindspace SOCIAL Launches Valentine’s Month with Art & Music in Hyderabad

This Valentine’s season, Mindscape SOCIAL is all about celebrating love in its most beautiful forms—love for art, love for music, love for friends, and most importantly, love for yourself! Whether you’re planning a cozy date, a fun Galentine’s outing, or just want to indulge in creativity and good vibes, we’ve got a lineup of heartwarming experiences waiting for you. And to make it even sweeter, enjoy limited-time Valentine desserts, delicious drinks, and exclusive offers that add a little extra love to every moment! ????

Here’s what’s happening at SOCIAL near you:

Art Workshops – Tap into your creativity with a fun and interactive art session.

???? Mindspace SOCIAL | ???? Feb 9
Cine@SOCIAL: Salaam Namaste – Enjoy a cozy movie night with the classic rom-com, Salaam Namaste.

???? Mindspace SOCIAL | ???? Feb 9
Bachata Sundowner @SOCIAL – Dance the evening away to the rhythm of Bachata in a relaxed, sunset vibe.

???? Mindspace SOCIAL | ???? Feb 9
Cine@SOCIAL: 50 First Dates – Laugh and love with the timeless romantic comedy, 50 First Dates.

???? Mindspace SOCIAL | ???? Feb 14
Cine@SOCIAL: P.S I Love You – A heartfelt movie night with P.S I Love You to celebrate love.

???? Mindspace SOCIAL | ???? Feb 14
Couples Mixology Masterclass – Learn the art of cocktail making in a fun and interactive session for couples.

???? Mindspace SOCIAL | ???? Feb 14
✨ Whether you’re single, taken, or simply here for the vibes, come and celebrate love the SOCIAL way!