Category Archives: Business

A Memorable Start to 2025: Celebrate the New Year with The Fern Hotels & Resorts

Mumbai, December 27, 2024: The Fern Hotels & Resorts, India’s leading environmentally sensitive hotel chain, invites guests to welcome 2025 with a celebration of togetherness, joy, and unforgettable experiences. With properties spread across India, The Fern Hotels & Resorts offers an ideal destination for every traveller to mark the beginning of the New Year in style—be it amidst serene mountains, tranquil beaches, coastal retreats, or the rich heritage of the country.

The thoughtfully curated New Year packages go beyond offering opulent accommodations. Guests can indulge in unique experiences tailored to their preferences, from cultural immersions and lively celebrations to serene getaways. The packages include engaging activities such as bonfire nights, live performances, themed dinners, and adventure sports, ensuring a vibrant and memorable start to the year. For those seeking relaxation, wellness offerings, including rejuvenating spa treatments and yoga sessions, provide the perfect balance of tranquillity and renewal.

Culinary excellence is at the heart of these celebrations. Specially crafted menus featuring gourmet delights, lavish buffet spreads and festive drinks promise a dining experience that complements the festive spirit. Whether guests prefer indulgent feasts or lighter, healthier options, the culinary offerings cater to every palate.

The Fern Hotels & Resorts is committed to creating moments that matter. Whether celebrating with family, friends, or embarking on a solo retreat, the New Year events promise to leave lasting impressions. Every detail is meticulously managed to ensure guests can focus on creating cherished memories with loved ones. Celebrate the magic of the season and step into 2025 with joy, hope and endless possibilities.

List of participating properties:

Manufacturing Temp Workforce Sees 5.6% Annual Growth in Pay, Reflecting Industry’s Rising Demand for Skilled Talent, Finds Teamlease Staffing Report

Mumbai, December 27, 2024: TeamLease Services, India’s leading staffing solutions company revolutionizing employment and workforce dynamics, has released its latest report, “A Staffing Perspective on Manufacturing.” The report provides an extensive analysis of the manufacturing sector’s contractual workforce, revealing key trends, challenges, and opportunities. As the manufacturing sector aims to achieve a $1 trillion valuation by 2025-26, addressing workforce dynamics will be pivotal in ensuring sustained growth. This growth is led by strategic government initiatives, technological advancements, and an evolving workforce landscape.

The report highlights how diverse industries drive growth in manufacturing, including automotive, chemical, textile, electronics, and machinery and equipment, all of which play pivotal roles in employment and economic development. Coupled with Industry 4.0 technologies like IoT, AI, robotics, and automation, these sectors are rapidly transforming operations through smart factories, enhancing productivity and efficiency. This evolution requires large-scale upskilling and reskilling initiatives to bridge the growing skill gap. The report reveals that the sector’s workforce is predominantly young, with most individuals in the 28-37 age group (43.6%). This demographic is well-positioned to embrace technological changes but requires urgent capacity-building efforts in technical and analytical domains.

The workforce is also diverse in terms of educational backgrounds, with nearly half being graduates. Both genders show the highest representation at the graduation level, 48.5% for males and 46.4% for females. Meanwhile, Maharashtra (17.2%) and Tamil Nadu (14.6%) are the leading states in contractual workforce contributions, followed by Uttar Pradesh (9.6%) and Karnataka (9.4%). This reflects the industrial prominence of these regions. Smaller contributions come from states like Delhi (3.6%), Rajasthan (3.5%), and Bihar (3.4%), while other contributors (24%) include West Bengal, Andhra Pradesh, Telangana, and Kerala.

Despite the impressive progress, the report also lists the challenges. One of the most notable findings is the gender disparity within the temporary workforce. A significant 89.5% of employees in temporary roles are male, highlighting a significant underrepresentation of women. Females in the workforce, however, demonstrate higher representation in postgraduate qualifications (24.3% compared to 10.5% of males). In comparison, males dominate in technical roles with greater representation in diplomas (13.5% vs. 5.7%) and ITIs (11.5%, absent for females). This imbalance calls for targeted efforts to foster gender parity and encourage women to take up technical roles.

The report also highlights attrition as a persistent challenge for the sector, with more than 43% of temporary workers leaving within a year and 8.7% exiting within the first three months of employment. Overall, more than half of the temporary workforce has a tenure of less than one year, indicating long-term retention challenges. Female employees face additional hurdles, with 66% leaving their jobs within a year, often due to safety concerns, commuting difficulties, and the physical work requirement of the sector. The report highlights the urgent need for women-friendly workplaces to improve retention rates.

One of the notable positive trends is the compensation landscape in the manufacturing sector. The CTC has grown from FY21 to FY24 with a 5.6% CAGR. This growth is driven by inflation, increased demand for skilled workers, and the need for competitive pay to retain talent. However, the gender pay gap persists, with males in the temp workforce earning higher average CTCs than females, further emphasizing the need for equitable pay practices.

Despite these challenges, the sector’s demand for skilled roles continues to rise. Blue-collar and grey-collar positions such as assembly line workers, welders, and CNC operators remain critical. At the same time, white-collar roles like production supervisors, quality control inspectors, and supply chain managers are also in high demand.

Kartik Narayan, CEO-Staffing, TeamLease, said, “As the manufacturing sector evolves with advanced technologies, it is also redefining the value of its workforce. The 5.6% annual pay growth is a clear indicator of the growing value placed on skilled talent. To support this progression, there is a greater need to create environments and work cultures where career longevity and adaptability can thrive. By addressing gaps in retention and promoting diversity in technical roles, the sector has an opportunity to build a resilient workforce that is ready for the next phase of growth.”

The report outlines actionable strategies to address the challenges in India’s manufacturing sector. Companies are encouraged to enhance workplace safety, foster inclusivity, and invest in career development initiatives such as structured mentorship programs. Workforce outsourcing is identified as a critical tool for reducing costs, with potential savings of 50-60%, while improving operational efficiency. At the same time, employers are urged to implement data-driven feedback systems, employee recognition programs, and tailored retention strategies to reduce attrition and improve engagement.

Homebuyer affordability improves in 7 of 8 cities in 2024, fuelled by steady income growth amid property price hikes: Knight Frank India

National, December 27, 2024: Knight Frank India, in its proprietary report, Affordability Index, cited that home affordability has remained favourable for homebuyers in 2024 as interest rates have stayed relatively steady since the end of 2023. According to the Index, Ahmedabad is the most affordable housing market among the top eight cities, with an affordability ratio of 20%, followed by Pune at 23% and Kolkata at 24%. Mumbai was the only city to exceed the affordability threshold, standing marginally higher at 50%, albeit affordability has improved. Knight Frank India’s Affordability Index tracks the EMI (Equated Monthly Instalment) to income ratio for an average household. Home affordability witnessed steady improvement from 2010 to 2021 across the eight leading cities of India, especially during the pandemic when the Reserve Bank of India (RBI) reduced the policy repo rate (REPO) to decadal lows. However, the RBI raised the REPO rate by 250 basis points (bps) over nine months starting May 2022 to tackle high inflation, thus affecting affordability across cities in 2022.

Since February 2023, however REPO rate has remained unchanged, while income has seen healthy growth which has helped offset rising home prices and relatively high interest rates, supporting affordability. Housing demand has grown at an annualised rate of 23% since 2020 and is expected to scale multi-year highs in 2024. The stable interest rate scenario is likely to persist in the near term, as the India’s economy remains on a healthy growth trajectory.

Affordability Index of leading eight cities of India

Shishir Baijal, Chairman and Managing Director, Knight Frank India said “Affordability plays a crucial role in sustaining homebuyer demand and driving sales, which significantly contribute to the country’s economic growth. While property prices have seen a considerable rise, the steady increase in income levels has helped individuals maintain the financial confidence needed to invest in properties. As incomes grow and the economy strengthens, end-users are more inclined to make long-term financial commitments toward asset creation. With the RBI projecting a healthy 6.6% GDP growth for FY 2025 and a stable interest rate environment, affordability levels are expected to continue supporting homebuyer demand in 2025.”

The COVID-19 pandemic became a catalyst for the residential real estate market, triggering a recalibration of both property prices and lending rates that significantly boosted demand. This residential sales momentum has persisted, supported by factors such as effective inflation control, and strong economic growth and changing preference for home ownership. All markets have shown improved or stable affordability, leading to sustained demand for homes. The pandemic has thus instilled an enduring shift in homebuyers’ sentiments, keeping demand buoyant.

In Mumbai, the affordability index improved by 17 percentage points, moving from 67% in 2019 to 50% in 2024. Affordability has reduced in Bengaluru, albeit marginally, compared to last year with households now expected to pay 27% of towards home purchases up from 26% in 2023. This is largely due to the sharp rise in residential prices over the past year, which has put pressure on affordability. While affordability has come down marginally, it is still well within the affordability threshold of 50%, over which a city’s residential market is deemed unaffordable. The enduring shift in homebuyers’ preferences and sentiments since the pandemic has kept demand resilient and the residential market buoyant.

Expert Insights: Year-End Review 2024 and Outlook for India’s Education Sector in 2025

Mr. Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain Pvt. Ltd. (GESCPL)
“Enhancing connectivity, achieving cost efficiency and building resilience and agility through technology adoption and capacity building have been key drivers as the logistics industry continues to enable India’s vision for Viksit Bharat 2047. Progress in rail and waterway freight movement, alongside extensive highway construction, has heralded a new era of multi-modal connectivity, setting the logistics sector on a robust growth trajectory. This progress strengthens India’s position as a rising global economic powerhouse.At Allcargo Gati, this environment has enabled us to fortify our networks, expand capacities and cater more effectively to high-growth sectors such as e-commerce and MSMEs, which are at the forefront of the nation’s next wave of economic expansion.
Sustainability and technology have also emerged as defining themes this year. The logistics sector is advancing towards carbon neutrality through the adoption of electric vehicles, solar-powered warehouses, and cutting-edge technologies such as AI and IoT. These innovations not only enhance efficiency but also ensure alignment with global sustainability goals, creating long-term value for businesses, communities and the environment.
As we look toward 2025, our focus will sharpen on fostering seamless connectivity, improving operational efficiencies and deepening our commitment to sustainable practices. Building on the progress of 2024, we at Allcargo Gati remain steadfast in our mission to empower businesses, strengthen supply chains, and drive India’s economic growth, contributing to the realization of a self-reliant, prosperous India.”

Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance
“2024 has been a pivotal year for the Indian life insurance industry, marked by significant reforms and policy changes. Initiatives by both IRDAI and the Indian Government have focused on enhancing customer experience, expanding insurance access across all segments, and adding greater value to the products customers purchase. The industry demonstrated remarkable agility in adapting to these reforms, and I believe this adaptability will remain a key strength, ensuring the delivery of long-term benefits to customers. The year also saw the industry adapt new age tech and invest in AI to remain future ready.
2025 will be a key year as we will see further movement in industry and government efforts towards the Insurance for all by 2047 vision.At Bajaj Allianz Life we are geared to strengthen our leadership position in the new year as well. We will continue to stay focused on our vision of Life Goals enablers of India, introduce value-packed products and continuously enhance the experience of all our stakeholders as they engage with us. Thereby ensuring sustainable and profitable growth through the year 2025.”

Mr. Amit Jain, Chairman and Managing Director, Arkade Developers Limited on the real estate Sector outlook for Year-End 2024.

“2024 has been a positive year for residential real estate with significant sales milestones, especially for Mumbai where the home sales touched 1 lakh homes in the first 9 months. 2024 witnessed a substantial spike in luxury home buying due to a preferential change in home buying where exclusivity, lifestyle value upgrades, and high-end living spaces took centre stage. Despite global economic worries, demand for luxury real estate has remained high, indicating long-term confidence. Also, stable interest rates helped influence the home-buying decision.
Cities like Mumbai, Delhi-NCR, and Bengaluru have emerged as leaders in this category. The Mumbai Metropolitan Region (MMR) maintained its supremacy, with a constant average ticket size of ₹1.47 crore and a 2% increase in sales value to ₹114,529 crores as per a recent report by CREDAI MCHI. For instance, At Arkade, we reported sales booking of INR 215CR for Q2 FY25 alone with an average ticket size of INR1.5CR. Other cities, such as Hyderabad, Chennai, and Pune, have also reported large increases in average ticket sizes, indicating a national trend. Historically, Mumbai has managed to 1.2 lakh homes mark for the last 4 years with a 2% to 4% increase Y-o-Y, for 2024, we anticipate the numbers to reach 1.4 to 1.45 lakh homes. The future of real estate promises to be both dynamic and forward-thinking, driven by a vision that balances environmental responsibility, technological advancement, and enhanced living experiences for all“

Rajesh Ghanshani – Director of Partnerships, STAAH
“India’s hospitality landscape is undergoing a seismic shift, fuelled by surging travel demand, evolving consumer preferences, and robust digital infrastructure. Increasingly, hoteliers across the country are not just recognizing technology as a strategic asset but they are embracing it as the cornerstone of future success. In fact, many no longer ask ‘if’ they should invest in technology; instead, the focus has shifted to ‘when’ and ‘how’ to deploy advanced solutions that boost operational efficiency, revenue, and guest satisfaction.
Our own experience with Indian hoteliers highlights this transformation. With STAAH solutions—such as the Channel Manager, Booking Engine, and ReviewMinder, hoteliers have reported significant revenue gains and enhanced guest journeys, from pre-arrival research to post-stay feedback. The momentum is tangible: we now partner with over 5,000 hotels across India, and forecasts suggest an even more substantial expansion in 2025. This adoption is not limited to high-end chains or luxury resorts; even boutique and budget properties are adopting innovative distribution platforms to deliver seamless, personalized experiences. As Indian travellers become increasingly digitally savvy, their expectations continue to rise, and technology providers are poised to respond with more adaptive, predictive, and intuitive solutions that define the future of Indian hospitality.”

Vivek Banka, Co-Founder, GoalTeller
The recently announced changes in RIA regulations have been a step in the right direction by SEBI to ease rules for genuine advisors coupled with limitations on influencers association with SEBI registered entities have surely added a ray of hope to the entire advisor community and also will go a long way in protecting the right of investors. I hope 2025 SEBI will act further to curb the unbridled run some of the influencers have had without any questioning which will level the playing field and most importantly ensure that euphoric messaging in social media about stocks and other exotic investments are curbed. This will greatly help in avoiding investment bubbles.

Prashasta Seth – CEO, Prudent Investment Managers LLP

The Indian capital market has seen significant growth over the past five years. Demat accounts grew 4.4x (179 million), NSE active accounts rose 4.9x (49 million), unique mutual fund investors increased 2.4x (50 million), and monthly SIPs expanded 3.2x (INR 253 billion) from FY20 to October 2024.
During this period, the Indian alternative investment industry has outpaced the broader market, with a current size of USD 400 billion, consisting of SEBI-registered AIFs (USD 130 billion) and other funds (USD 270 billion). The industry is expected to grow over five-fold, reaching USD 2 trillion in the next decade.
A key shift in the Indian market has been the decoupling from global trends, with local investors—including pension funds, mutual funds, alternative investment managers, and retail & HNI investors—taking a more dominant role. This trend is expected to strengthen, driven by a demographic dividend, with over 100 million people joining the workforce and 100 million households entering the middle class in the coming years.
In recent years, the growth of the Indian alternative investment industry has been fueled by deeper market sophistication. This includes individual fund managers launching their own firms, global players introducing strategies tailored for India, and SEBI accommodating new investment structures. As investors become more knowledgeable and financially capable, they are willing to take on greater risks, further propelling industry growth. With Indian markets still lagging behind global counterparts, this gap is expected to close in the coming years, supporting continued growth.

Ms. Ayesha Katgara, Head of Corporate Strategy at Jeena & Company

“The year 2024 has been nothing but transformative for the logistics sector. It has been defined by evolving customer expectations, rise of e-commerce, enhanced digitalisation and growing focus on sustainability.
While the global logistics have faced unprecedented challenges, India has taken initial steps towards creating a conducive environment for the sector to thrive in the long-term. Key policies like the National Cold Chain Infrastructure Project (NCCIP) and the PM Gati Shakti initiative have been instrumental in optimising costs and streamlining operations, exemplified by the laying down of 8,891 km of roads and 27,000 km of railway lines. They have empowered industry players to optimise efficiency, provide unparalleled value to our patronage, and nurture continuous transformation.As we step in to 2025, we foresee a deeper integration of AI, machine learning, and robotic process automation, driving a profound transformation in sector-wide efficiency. We believe that adopting green logistics solutions, will enhance our sector’s sustainability.At Jeena and Company, we are dedicated to harnessing these advancements to meet the growing demands of e-commerce and global trade. Our goal is to set new benchmarks in service excellence while encouraging a more resilient and environmentally sustainable logistics landscape.”

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

“The significant increase in newly launched projects across Delhi NCR, particularly in Gurugram and its key micro-markets like Dwarka Expressway, Southern Peripheral Road (SPR), and South of Gurgaon, reflects a transformative shift in homebuyer aspirations. Today’s buyers are not just seeking luxurious and modern homes but spaces that offer advanced amenities, sustainable features, and exceptional quality.

Gurugram, with its world-class infrastructure, seamless connectivity, and emerging hubs, has become a magnet for discerning buyers. Micro-markets like Dwarka Expressway and SPR are driving this momentum, offering unmatched potential for growth and investment. As the region’s landscape evolves, developers are stepping up to deliver properties that prioritize innovation, sustainability, and future-ready lifestyles. These homes cater to a generation that values quality, modern living, and long-term value, making Gurgaon and its micro-markets the epicenter of a new wave in real estate.”

Gaurav Srivastava, Regional Director – APAC, Middle East & Africa at Graduate Management Admission Council® (GMAC®).

“The landscape of graduate management education continues to evolve, reflecting the changing aspirations of candidates and the shifting demands of the global workforce. We are witnessing a strong resurgence in applications to traditional, full-time MBA and management programs, driven by candidates’ trust in the value of immersive, in-person learning experiences. At the same time, there is growing interest in hybrid and STEM-certified programs, as students look to combine management education with cutting-edge technological skills, particularly in AI and data analytics.
Employers in India and worldwide continue to emphasize the importance of core business skills—strategic thinking, problem-solving, and communication—while increasingly valuing graduates with the ability to leverage technology like AI to drive innovation and decision-making. This blend of technical and human skills is seen as essential for navigating the complexities of today’s workplace.
Another notable trend is the growing emphasis on sustainability, equity, and inclusion, with prospective students increasingly prioritizing business schools that integrate these principles into both their curricula and operations. Candidates are seeking programs that align with their personal and professional values, underscoring the need for institutions to innovate and adapt to meet these expectations.
As demand for management education grows, Indian business schools are positioned to lead by offering globally relevant, future-ready programs. This year has been a testament to the sector’s resilience and adaptability, with a promising outlook for 2025 and beyond.”

Mr Ankit Kumar, CEO, Skye Air

2024 has been transformative for India’s drone industry, showcasing Bharat’s immense potential as a land of opportunities. With remarkable advancements in policy, innovation, and sector-wide adoption, the industry has grown exponentially, impacting logistics, agriculture, healthcare, and infrastructure. In a groundbreaking development, Gurugram became the first metropolitan in the world to adopt drone-based delivery in daily life, enabling residents to receive anything and everything within minutes. Milestones like drone-based mail delivery in Arunachal Pradesh, Himachal Pradesh, and AIIMS medical supply chains further highlight the sector’s ability to enhance accessibility and efficiency.
As we move into 2025, the momentum will only grow stronger, with drones becoming increasingly integrated into mainstream operations. The focus on scaling networks, boosting payload capacities, and driving cost efficiencies will unlock new opportunities in quick-commerce, urban air mobility, and sustainability. Initiatives like the PM GatiShakti National Master Plan and continued investments in R&D and skill development will further solidify India’s ambition to become a global drone hub by 2030. The future holds incredible promise as drones address real-world challenges, from reducing urban congestion to minimizing carbon footprints, propelling Bharat toward a technology-driven, sustainable tomorrow.

Mr Saurabh Rai, CEO, Arahas
Reflecting on 2024, the geospatial sector has witnessed transformative advancements, driven by innovations that integrate GIS, AI, and IoT into critical domains. The development of the Ayodhya Sustainability Index as a milestone in leveraging geospatial intelligence for sustainable urban planning, environmental conservation, and heritage preservation. This initiative has set a global benchmark, showcasing how technology can balance growth with cultural preservation. The year also saw India embracing national initiatives like Naksha, Bhuvan, and SVAMITVA, which propelled sustainable development, urban planning, and disaster management using geospatial solutions. These programs reflect the sector’s growing influence in addressing complex challenges.

Looking ahead to 2025, the integration of geospatial technologies with AI, IoT, and big data is poised to transform industries such as agriculture, logistics, and renewable energy. The focus will be on leveraging these technologies to tackle global issues like climate change, rapid urbanization, and resource management. With data-driven tools at the core, the industry aims to drive impactful and sustainable change, fostering innovation and supporting national priorities. As geospatial intelligence continues to evolve, it promises to play a critical role in shaping a more sustainable, resilient, and technologically empowered future.
Manju Sharma, Managing Director, Jaypee Hotels & Resorts

“As we stand on the brink of 2025, it is with immense pride and gratitude that we reflect on a transformative year for the travel and hospitality industry. The year 2024 showcased the resilience and ingenuity of our sector, with Jaypee Hotels & Resorts at the forefront of this evolution. From crafting bespoke wellness retreats to hosting grand destination weddings & MICE events, we have consistently redefined excellence, offering our guests experiences that are both meaningful and unforgettable.
India’s hospitality sector is undergoing a remarkable evolution, the Indian traveler is finding new reasons to explore with trends like sleep tourism, medical tourism, and spiritual tourism. From rediscovering serenity in wellness resorts to embarking on purposeful journeys for healing, mindfulness, or adventure, Indian travelers are embracing diverse motivations to travel. This shift reflects the country’s growing appetite for curated, meaningful, and rejuvenating experiences, redefining the way we explore the world.
As we enter 2025, we foresee an even greater convergence of personalization, technology, and sustainability in travel. The future of hospitality lies in creating moments that inspire, connect, and endure. At Jaypee Hotels & Resorts, we are ready to shape this future with bold vision, relentless innovation, and a steadfast dedication to delivering experiences that are timeless, meaningful, and extraordinary.”

Ashish Bagadia, Corporate Finance and Investment Banking Partner at BDO India

2024 saw the mass-market adoption of EVs gaining momentum. It also witnessed traditional ICE players like Mahindra, among others, making their EV ambitions more prominent. Segments like Vehicle-as-a-Service (VaaS) and Battery-as-a-Service (BaaS) made significant progress with newer players entering the market and the emergence of innovative revenue models. The year also saw significant initiatives from state governments aimed at driving the growth of the EV industry. Reduction in raw material prices further improved the total cost of ownership of EVs, making them more affordable.

Sameer Kanodia, Managing Director & CEO at Lumina Datamatics

 “As we look ahead to 2025, strategic acquisitions will remain a cornerstone of our growth strategy, enabling us to tap into emerging markets, deliver tailored solutions, and reinforce our leadership across digital content, publishing, and ecommerce. This integration underscores Lumina Datamatics’ unwavering commitment to driving operational excellence, enhancing service delivery, and providing cutting-edge solutions that empower our partners to succeed in an ever-changing landscape.Our recent acquisition of TNQTech marks a pivotal milestone in strengthening our leadership within the global journals market and expanding our capabilities across the publishing value chain. By seamlessly integrating advanced solutions—from editorial development and peer review management to production and digital content delivery—we are uniquely positioned to address the evolving needs of our clients.In parallel with our acquisition strategy, we are equally committed to organic growth through innovation and expanding our service offerings. By focusing on enhancing our capabilities in publishing and ecommerce, we are continuously evolving our solutions to better meet the dynamic needs of both industries. Our organic growth efforts aim to leverage new technologies, foster deeper customer relationships, and scale our solutions across digital platforms, ensuring that we remain at the forefront of these sectors.”

Looking ahead to 2025, we expect these adoption trends to continue. Emerging segments such as the resale market for EVs and battery recycling are expected to gain prominence. From a funding perspective, the investing landscape is becoming more broad-based, with traditional and homegrown growth private equity investors showing increased interest. These investors are likely to focus on proven business models and write larger cheques. 2025 may also mark a pivotal year for segment creators, as entry barriers are expected to rise significantly.

Indian Real Estate Scales New Peaks in 2024, Eyes Bigger Opportunities in 2025

In 2024, the Indian real estate sector recorded a growth trajectory, driven by a surge in demand for luxury housing, green projects, and rising interest across cities. Building on this momentum, the sector is anticipated to achieve greater growth in 2025. According to a recent report by Knight Frank, titled “India Real Estate: Residential and Office (January – June 2024), the first half of 2024 observed homes priced at Rs 1 crore (₹10 million) and above representing 41% of the total sales, infusing new energy into the market.

Besides, the sector witnessed exceptional growth in Tier 2 and Tier 3 cities, largely due to infrastructure development transforming these areas into investment hotspots. Knight Frank India reported a 62% rise in residential property prices and a 12% increase in demand for commercial properties in these regions during Q3 2024. Further, green and sustainable projects also stole the spotlight in 2024, with developers increasingly prioritizing eco-friendly construction and energy-efficient designs.

Amidst this growth, developers and experts are optimistic about 2025.

Yukti Nagpal, Director, Gulshan Group, said, “The year 2024 has been a defining chapter for the real estate sector, marked by unparalleled growth and unwavering resilience. Leading this evolution, the Delhi-NCR region emerged as the epicenter of demand for premium residential spaces, a trend shaped by transformative infrastructure milestones like the Noida International Airport and the rising aspirations of modern, discerning households.

At Gulshan Group, 2024 also marked the delivery of Dynasty, a true epitome of luxury and refined living. Dynasty stands as a testament to our unwavering commitment to delivering spaces that not only meet but exceed the expectations of modern homebuyers—spaces that blend opulent design, timeless aesthetics, and impeccable craftsmanship.

Looking ahead to 2025, we anticipate an even greater shift towards convenience-driven luxury, particularly in the hospitality sector. Today’s discerning audience seeks holistic experiences that combine comfort and intuitive services. Convenience is the new luxury—a trend that underscores a desire for effortless living amidst the hustle and bustle of modern life.

This evolving aspiration for curated luxury, sustainable innovation, and community-centric urban oases inspires us to continually raise the bar. At Gulshan Group, we remain committed to redefining premium living and hospitality by delivering exceptional spaces that resonate with the lifestyles of tomorrow.

Our vision for the New Year is clear: to set unprecedented benchmarks in both realty and hospitality, crafting experiences that are not just luxurious but also convenient, thoughtful, and enduring. We are here to transform aspirations into realities.”

Mohit Goel, Managing Director, Omaxe Group, said “2024 has been a great year for the housing, commercial, and retail segment witnessing an exceptional growth trajectory. Infrastructure upgrades, the renewed focus on home ownership, higher disposable income, and diversifying investment portfolios have led the sector’s growth throughout the year. In particular, Delhi-NCR witnessed a significant surge in luxury housing growth. Besides, the leasing activity for office space and retail recorded new growth numbers in the region. While Gurugram and Noida notably contributed to this growth graph of NCR’s realty market, Faridabad emerged equally promising. Long dominated by its neighboring towns, Faridabad has successfully positioned itself as one of the potential regions to watch out for in the years ahead. Supported by positive economic conditions and increasing demand in peripheral cities, Faridabad is likely to witness expanded investment opportunities. We believe that the city will provide valuable opportunities for both developers and investors enabling it to shine brighter on the NCR’s realty map.”

Sandeep Chhillar, Founder and Chairman, Landmark Group, said “The demand for housing reached a new peak across cities making 2024 an exceptional year for the real estate sector. As per the industry trend analysis, Delhi-NCR’s housing sales during Jan-Sep 2024 witnessed new growth numbers compared to the city’s last year’s sale numbers. With a significant shift noticed in buyer behavior seeking upgraded lifestyle and upscale living spaces, the luxury homes segment witnessed a significant and constant jump in demand where Delhi-NCR emerged as one of the top performing markets amongst key cities. Given the upward growth trajectory of the luxury housing segment, we anticipate a strong year ahead driven by positive market sentiments and favorable economic conditions. Gurugram and its emerging corridors are expected to dominate the new supply of luxury housing and its demand in the year ahead. We are looking forward to rapidly increasing development and sales growth as Gurugram emerges to become one of the leading realty markets.

Piyush Kansal, Executive Director of Royale Estate Group, said “In 2024, tier 2 cities have emerged as the new frontier for residential real estate, driven by a mix of improved infrastructure, enhanced connectivity, and the evolving needs of homebuyers seeking both value and quality. Cities like Chandigarh,Mohali,Zirakpur,Panchkula have established themselves as leading destinations for those looking to have a balanced lifestyle and luxury living. With its world-class urban planning, green spaces, and a blend of modern amenities, Chandigarh’s real estate market has become increasingly attractive to both homebuyers and investors. As we look towards 2025, we expect Chandigarh’s residential market to continue its upward trajectory, offering opportunities for luxury and sustainable living in a well-connected, progressive city.

Ravinder Choudhary, Vice President of Vegas Mall, said “Vegas Mall: 2024 brought a huge transformation for retail real estate, with malls evolving into vibrant community hubs rather than just shopping destinations. Across the NCR, malls have embraced a mixed-use approach, blending retail, entertainment, dining, and wellness under one roof to cater to diverse consumer preferences. The retail spaces revitalized their landscape, drawing significant footfall and interest from global and domestic brands. Amid rising disposable incomes and demand for experiential spaces, we anticipate this evolution to continue in 2025, with more innovative, multi-functional mall projects reshaping the retail experience.

Ashwani Kumar, Pyramid Infratech, said, “The real estate sector in 2024 has grown exceptionally well with developing areas emerging as new markets. The luxury segment driven by evolving consumer preferences, and rising disposable income played a significant role in this growth graph across cities. In NCR, Gurugram has remained the preferred luxury destination where new sectors have become increasingly attractive to buyers and investors. Gurugram’s luxury home market witnessed an outstanding year paving the way for new markets to emerge growth frontiers in the year ahead. Improved infrastructure, like the development of new expressways, metro lines, and business hubs, has enhanced connectivity, making previously underserved areas more appealing to luxury buyers. These factors will continue to benefit the city’s real estate market.”

Ambika Saxena, Director, Corporate Communications, Bayside Corporation, said “Looking ahead to 2025, the luxury real estate market in India is set to witness continued growth, driven by the increasing demand from high-net-worth individuals (HNIs) and non-resident Indians (NRIs). This demand reflects a shift towards premiumisation, with buyers increasingly seeking larger, more exclusive homes with state-of-the-art amenities and privacy. Developers will need to adapt to these evolving preferences, focusing on delivering not just luxury, but a living experience that meets the high expectations of today’s affluent market.”

With the foundation laid in 2024, the Indian real estate market is well-positioned to achieve remarkable growth in 2025. Developers are ready to launch projects that cater to evolving customer preferences, emphasizing luxury, sustainability, and technological innovation. This optimism ensures that the sector will continue its upward trajectory, making 2025 a pivotal year for Indian real estate.

Yugen Infra unveils Golf City Near Manohar International Airport GOA

New Delhi, India | December 27, 2024 – Yugen Infra, a leading real estate development company known for its successful ventures, has announced the unveiling of a proposed 500-acre luxury Golf City township near Manohar International Airport Goa. This ambitious project is set to transform the landscape of Goa’s real estate sector and contribute significantly to the state’s growth.

The Golf City project is designed to offer a world-class lifestyle that is safe, serene, and scenic, with a focus on healthy and hassle-free living. The development will feature luxurious residential spaces, premium amenities, and sprawling green landscapes centred on a meticulously designed golf course. Furthermore, the location near the Mopa airport enhances its accessibility and connectivity, making it an attractive proposition for homebuyers, investors, and businesses.

The founders of Yugen Infra have a strong reputation in the real estate market, having worked on numerous high-profile projects in collaboration with industry giants such as Emaar, Adani Realty, Birla Estates, DLF, BPTP, M3M, and Elan. Their expertise and commitment to quality are evident in every aspect of the Golf City development.

The project is set to contribute significantly to the development of State. With the state being a popular destination for second homes and investments, Golf City’s strategic location near the India’s 4th largest airport -Manohar International Airport Goa, along with nearby luxury hotels, makes it an ideal location for both residential and commercial ventures. The region’s high rental yields and potential for capital appreciation solidify Golf City’s appeal as a valuable investment.

Commenting on the project, Amit Mamgain, Director of Yugen Infra, stated, “Goa is one of the most sought-after markets in the country due to its high appreciation, high rental yields, and its status as a preferred second-home destination. The Golf City development near the Mopa airport will not only cater to the growing demand for luxurious living but will also create immense opportunities for businesses seeking a prime location with excellent connectivity and ambience. We are confident that this project will play a pivotal role in the development of Goa, making it a hub for both residential and commercial growth.”

The unveiling of Golf City marks a significant milestone for Yugen Infra as it continues to create iconic developments that offer unmatched luxury and convenience to buyers and investors. As the project progresses, it promises to add value to Goa’s real estate market while enhancing its appeal as a leading investment destination.

Yashoda Super Speciality Hospital Kaushambi Organizes Manometry Clinical Immersion Program in Partnership with Medtronic

Yashoda Super Speciality Hospital Kaushambi, in collaboration with Medtronic, hosted a two-day Manometry Clinical Immersion Program on 21 and 22 December 2024. The program, which served as a specialized training workshop, was designed for gastroenterologists and gastro technicians from across Delhi-NCR, focusing on advanced techniques in endoscopic manometry.

During the conference, Yashoda provided in-depth training to 15 gastroenterologists and 17 endoscopy technicians, equipping them with the skills to diagnose and manage oesophagal and anorectal motility disorders. The workshop featured live demonstrations, hands-on practice sessions, and interactive discussions, creating a comprehensive learning experience.

Led by the expert gastroenterologist including Dr. Kunal Das, Dr. Sandip Shah, Dr. Harit Kothari, and Mr. Rajeev Yadav and Medtronic’s team, the program delved into the use of HRM (High-Resolution GI Manometry) for clinical applications, with practical insights on interpreting results based on the Chicago and London Classifications. Interactive discussions highlighted best practices, complication management, and the role of biofeedback therapy in addressing motility disorders.

Dr. P N Arora, CMD, Yashoda Super Specialty Hospitals, Kaushambi, said, “We are delighted with our collaboration with Medtronic for the Manometry Clinical Immersion Program. This partnership underscores our commitment to empowering healthcare professionals with cutting-edge knowledge and skills in endoscopic manometry. At Yashoda Hospital, we are dedicated to driving innovation and excellence in medical education. By equipping gastroenterologists and technicians with advanced training, we aim to elevate the standards of patient care and make a meaningful impact on the health outcomes across the region.”

The conference featured a comprehensive agenda, starting with an introduction to the advanced Manoscan technology and its software. This was followed by in-depth sessions on the procedural protocols for oesophagal and anorectal manometry, as well as training in high-resolution GI manometry (HRM). Participants were guided through live case demonstrations, catheter care management, and hands-on practice, focusing on sphincter markings, study analysis, and report generation.

The event underscored Yashoda Hospital’s commitment to advancing medical education through collaborations with leading organizations like Medtronic. Yashoda Super Specialty Hospitals Kaushambi continues to lead as a premier healthcare institution, offering comprehensive services and hosting initiatives aimed at empowering healthcare professionals and enhancing patient care.

EatSure Launches Industry First Multi-Restaurant Group Ordering Experience

India, 27th December 2024: EatSure, the flagship D2C platform of Rebel Foods, the world’s leading internet restaurant company, today announced the launch of its highly anticipated multi-restaurant group ordering feature. Addressing a significant market gap in the group ordering experience, EatSure’s “Food court on an App” now allows users to create shared carts effortlessly, enabling them to order from multiple restaurants in a single transaction. While group ordering features existed before, no one solved the challenge of letting users order from multiple restaurants in one order, making EatSure’s solution truly revolutionary.

The group ordering feature is now available across 75+ cities PAN India including Mumbai, Delhi, Bengaluru, and Hyderabad to other prominent urban cities. With complete transparency and real-time synchronization, every member will be able to add their preferred items from any restaurant while having full visibility into the shared cart and order progress. The host, responsible for finalizing the order and payment, can effortlessly share a unique invite link, making it simple for others to join the group via app or website.

Speaking about the launch, Sagar Kochhar, Co-Founder and CEO, EatSure, Rebel Foods, said, “At EatSure, we are always striving to solve for broken experiences/unsolved need gaps in food ordering. The new group ordering feature aligns with the same, wherein we let a group of friend’s / family members to build a joint cart by adding products from their choice of restaurants, such that everything gets delivered to them in One Order. It’s more than just ordering food; it’s about connecting people through a shared culinary journey.”

This new feature offers several key benefits that make EatSure stand out. Customers can now order from multiple restaurants under EatSure’s portfolio in a single group order, enhancing convenience and choice. Personalized cart management ensures that every member can easily add their favorite items from their choice of restaurants, customize them, and label their contributions for smooth identification during delivery. Real-time notifications keep all members updated about any changes to the order, making coordination effortless. This makes the whole process smooth and seamless from start to finish. Moreover, over and above the regular offers, group orders further incentivize customers with additional discounts, enhancing the overall value of the experience.

This launch reaffirms EatSure’s mission to enhance dining experiences by addressing the evolving needs of its customers. The feature is now live across Android and web platforms, promising a new standard in group food ordering.

Prominent Actor Swwapnil Joshi Leads BGauss Customer Handover, Food Trail in Pune

Bengaluru, December 27, 2024 – BGauss, a lifestyle enhancing solution from one of the veterans in electrical solutions – RR Kabel, and the house of RR Global, today hosted a spectacular event along with renowned actor, Swwapnil Joshi, in Pune. The event seamlessly blended style, sustainability, and culinary adventure. At the heart of the celebration was a grand handing-over ceremony for its latest customers, followed by the exhilarating BG Eats Food Trail—a gastronomic journey through Pune’s finest culinary hotspots.

Mr. Hemant Kabra, Founder and Managing Director, BGauss, said, “At BGauss, our vision extends beyond mobility—we aim to create an ecosystem where innovation, sustainability, and cultural experiences converge. The RUV350 and C12 bring together performance, style, and a cleaner way forward for modern commuters. By celebrating these vehicles through Pune’s vibrant culinary landscape, we are fostering a community driven by shared values and meaningful experiences. We are thrilled to have Swwapnil Joshi join us as we welcome new customers into the fold, inspiring everyone to embrace a greener, more connected future.”

Superstar Swwapnil Joshi, speaking at the event, said, “I have always been passionate about electric scooters and how they are reshaping the way we travel, making commuting cleaner, smarter, and more enjoyable. It’s exciting to see BGauss at the forefront of this transformation, merging cutting-edge technology with a vision for a greener tomorrow. Today’s event in Pune—where we combined the pleasure of local cuisine with the thrill of next-generation EVs—truly embodies the spirit of sustainable progress. I am honoured to be part of this journey as we all move towards a future defined by innovation and responsible choices.”

Swwapnil handed over the keys to the proud new owners of BGauss’ flagship electric vehicles—the RUV350 and C12. With his signature charisma, Joshi shared heartfelt moments with customers and emphasised the importance of embracing eco-friendly mobility solutions. This exclusive interaction added a personal and memorable touch to the milestone event.

Innovative Food Trail Meets Eco-Friendly Rides

The BG Eats Food Trail, a curated culinary expedition through Pune’s most iconic eateries, brought together existing owners of BGauss electric two-wheelers to celebrate the city’s rich culinary culture. The activity was flagged off by Swwapnil Joshi, who added excitement and energy to the event. Participants proudly rode in a convoy, exploring local delicacies while experiencing the innovation, comfort, and eco-friendly spirit of their BGauss electric rides.

The Food Trail drew food enthusiasts, automobile lovers, and media influencers alike, turning heads and garnering applause for its unique blend of gastronomy and sustainability. Swwapnil Joshi joined the convoy, adding star power as he shared his enthusiasm for the brand’s mission and interacted with participants.

Revolutionising Mobility with the RUV350 and C12

The BGauss RUV350 and C12 electric vehicles took centre stage during the event, exemplifying the brand’s commitment to innovation and environmental responsibility:

· BGauss RUV350: A premium electric vehicle offering an impressive range of up to 145kms on a single charge, 16 inch alloy wheels, 165 Nm peak torque for unmatched acceleration, and smart features like a Its sleek metal body, vibrant TFT screen, and advanced navigation system offer both style and functionality, while seamless connectivity ensures a smart, modern ride. The RUV350’s zero-emission design makes it the perfect family-friendly scooter, contributing to a greener future with every ride.

· BGauss C12: A stylish electric scooter perfect for urban commuting, boasting a range of up to 135 km, comfortable riding ergonomics, 765 mm long seat. Designed for efficiency and elegance, the C12 is a true companion for sustainable city rides.

A Celebration of Pune’s Culture and Community

The event culminated in a day of shared experiences, from relishing local delicacies to experiencing the smooth, sustainable rides of BGauss vehicles. The presence of food influencers and local media added a touch of glamour, while Pune’s rich food culture took center stage.

With this unique event, BGauss has once again proven its ability to merge cutting-edge innovation with meaningful customer engagement, setting the stage for a cleaner, greener future of mobility.

Blue Tokai Coffee Expands with New Outlet at World Street by Omaxe, Faridabad

Faridabad, December 27, 2024: Blue Tokai Coffee continues to grow its footprint with the opening of a new outlet at World Street by Omaxe in Faridabad. Spread across a 1,300 sq. ft. area, Blue Tokai Café invites coffee enthusiasts to experience India’s finest artisanal brews, further cementing World Street’s status as a leading lifestyle destination.

Since its founding in 2013, Blue Tokai has been a pioneer in India’s specialty coffee scene, known for roasting high-quality Indian coffee beans to perfection. The new Blue Tokai Café at World Street offers a spacious, modern ambiance where patrons can savor a wide range of freshly brewed, artisanal coffees, each capturing the unique flavors of Indian beans.

Mr. Jatin Goel, Executive Director of Omaxe Group, expressed his excitement “We are pleased to welcome Blue Tokai Café to World Street by Omaxe. This location offers an ideal setting for coffee lovers in Faridabad to enjoy artisanal coffee and create memorable experiences. The addition of Blue Tokai further enhances World Street’s offerings, and we look forward to introducing more culinary options to the region.”

Joining Blue Tokai at World Street are other notable openings, including Bluestone Jewellery. These new additions enrich World Street’s shopping and lifestyle experience, providing visitors with a diverse selection of premium products and services.