3, Dec 2024
MufinPay Appoints Jagjeet Singh as National Sales Head to Strengthen Pan-India Distribution Network
New Delhi, 3 December 2024: MufinPay, the digital payments arm of Hindon Mercantile Limited and a holder of the prestigious PPI (Prepaid Payment Instrument) license has announced the appointment of Jagjeet Singh as its new National Sales Head. Jagjeet will spearhead the company’s Sales & Distribution strategy across India, focusing on building a robust network and empowering MufinPay’s mission to enhance financial accessibility and inclusion across the country.
With over 22 years of leadership experience across top-tier organizations, Jagjeet brings a wealth of knowledge and proven expertise. His professional journey began at Wimco Limited followed by key roles at Oxigen, Vodafone and Idea where he played a pivotal part in driving the brand’s growth. His tenure at Spice Money involved managing state operations and at RNFI Services he excelled in developing key account sales strategies and advancing digital financial inclusion in rural India.
MufinPay, founded in 2022 as a division of Hindon Mercantile Limited stands as one of India’s leading innovators in the digital payments sector. Notably MufinPay is the fourth NBFC in India to secure a PPI license, reflecting its commitment to redefining financial solutions through technology-driven, secure and user-friendly payment systems that empower individuals and businesses alike.
Commenting on Jagjeet’s appointment, Kapil Garg Group Promoter at Hindon Mercantile stated: “Jagjeet’s extensive experience in leading large sales teams across prominent Indian companies will be instrumental in driving MufinPay’s growth in the evolving fintech landscape. His strategic vision and leadership will undoubtedly propel us toward achieving new milestones in Sales & Distribution excellence.”
Expressing his enthusiasm, Jagjeet Singh shared: “I am Excited to join MufinPay at such a transformative time in the digital payments industry. My focus will be on expanding our distribution strategy, driving innovation and building high-performing teams across India. Together, we will pave the way for remarkable achievements, delivering seamless financial solutions and reshaping the digital payments ecosystem.”
With its strong emphasis on innovation, security and ease of use, MufinPay is committed to revolutionizing how consumers and businesses manage their finances. Positioned at the forefront of India’s fintech revolution, MufinPay aims to bridge the gap between technology and financial accessibility, offering seamless, secure and innovative solutions that cater to millions across the nation.
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- By Rabindra
3, Dec 2024
5 tech-savvy ADAS SUVs in India
Finding a car equipped with advanced driver assistance systems (ADAS) at an accessible price point has become more feasible in India, thanks to automakers integrating cutting-edge technology into their vehicles. Catering to safety, convenience, and a futuristic driving experience, the latest SUVs come equipped with features like adaptive cruise control, lane-keeping assist, and autonomous braking.
MG Astor – India’s first SUV with AI inside, the MG Astor is now available at an attractive price of 17.21 Lakh (ex-showroom). The MG Astor has a personal AI assistant with advanced UI and 14 Autonomous Level 2 features delivering an enhanced driver’s experience. Along with i-SMART 2.0 and 80+ connected features, it also offers premium features like a Panoramic sunroof, Ventilated Seats in the front row, Wireless Charger, Wireless Android Auto & Apple Car Play, and Auto-dimming IRVM for additional security giving a holistic driving experience.
Hyundai Creta: The Hyundai Creta has gained popularity for its tech-rich cabin, featuring a large 10.25-inch touchscreen infotainment system and is available for Rs 15.98 Lakh (ex-showroom). The Hyundai Creta comes equipped with advanced safety features including six airbags, as standard. The new Hyundai CRETA is alive with Hyundai Smart Sense-Level 2 ADAS. It also comes with a panoramic sunroof, wireless phone charging, an 8-way power-adjustable driver seat, and ventilated front seats. The Creta promises to deliver an ultimate comfort and safety.
Kia Seltos: The Kia Seltos comes with a10.25-inch touchscreen infotainment system that matches the best in its class. The Seltos is priced from Rs 19.00 Lakh (ex-showroom) and offers Autonomous Level 2 along with stylish and edgy look with generous space that offer you supreme comfort. Additionally, it features a Dual Pane Panoramic Sunroof and a Smart 20.32 cm (8.0”) Head-up Display ensuring an advanced driving experience to the consumers.
Honda Elevate: Honda’s midsize SUV comes with autonomous driving features in the top-spec ZX trim. All variants of the Elevate are powered by a refined 1.5L i-VTEC engine delivering 121 PS and equipped with advanced technologies like Honda SENSING, the vehicle offers both excitement and safety. It comes with ADAS technology and Its spacious interior boasts a 10.25-inch touchscreen, wireless smartphone connectivity, and a premium sound system. The Honda Elevate price starts from 16.31 Lakhs. (ex-showroom)
Hyundai Venue: The new Hyundai VENUE is designed to transform every day into an extraordinary adventure. Packed with cutting-edge technology, the VENUE offers an exhilarating driving experience with multiple engine options including a Kappa 1.2 l MPi, 1.0 l Turbo GDi, and U2 1.5 l CRDi VGT. The Hyundai venue starting price is 12.44 lakhs (ex-showroom). With Level 1 Advanced Driver Assistance System (ADAS), the VENUE provides comprehensive road protection. The interior is a tech-rich zone featuring a 20.32 cm HD infotainment system, ambient lighting, and 60+ Bluelink connected features. Drive modes (Eco, Normal, Sport) and smart connectivity with Alexa make every journey lit and exciting, ensuring the VENUE is more than just a vehicle—it’s a lifestyle companion.
3, Dec 2024
APFD, APFDC and ISB Partner to Revitalise Forest Economies and Empower Women
Hyderabad (December 2, 2024): The Andhra Pradesh Forest Department (APFD), Andhra Pradesh Forest Development Corporation Limited (APFDC) and Bharti Institute of Public Policy at the Indian School of Business (ISB) announced a strategic collaboration to revolutionise forest management and community livelihoods in Andhra Pradesh.
Consequently, a tri-party MoU was signed with an aim to create a comprehensive Resource Inventory of Seasonal Forest Produces (SFPs) using advanced digital and geospatial technologies. By leveraging the power of data and innovation, the collaboration will unlock the potential of forest resources and empower local communities, particularly women, to drive economic growth and sustainable development.
Speaking on the occasion, Chiranjiv Choudhary, Head of Forest Force, Andhra Pradesh Forest Department said, “We envision this collaboration to be a game changer for Forest Economy in Andhra Pradesh, especially in the context of tribal communities. About 40 percent of the livelihood of tribal communities relies on forests, largely in the informal sector, not integrated into the economy. It is mostly the intermediaries who benefit from the forest economy and not the tribal communities as such. However, data shows that forests have the potential to generate a wide range of products derived from different species. Vast reserves of untapped potential exist in the form of handcrafted items and other resources that remain underappreciated in the market.”
“With this MoU, we aim to address challenges in realising this untapped potential with the help of globally recognised institutions such as the Indian School of Business. This collaboration provides us with a new opportunity to develop a strong, scalable model that stands to gain national and international recognition”, he added.
Ashwini Chhatre, Associate Professor and Executive Director, Bharti Institute of Public Policy, Indian School of Business, emphasise two points. He said, “There is a need to formalise the forest economy as it is informal and unorganised. The main challenge is the invisibility of the forest economy, which makes it difficult to invest or ensure its sustainability. With the growing interest in natural products from a climate change and sustainability perspective, private sector companies are eager to invest in environmentally sustainable products. However, companies face challenges since they have to rely on informal markets that operate far from the forest and lack visibility into the supply chain. This is where we step in. With our collaboration with the forest department, we can formalise these transactions leading to livelihoods, creating visibility, and tracking progress on the ground and step in as the need arises.”
“The state of Andhra Pradesh is uniquely positioned as it already includes the informal and invisible forest economy, and there is existing knowledge that can help create the desired visibility. There is tremendous potential for creating new opportunities, such as reforestation projects. Large tracts of open forest land can support native plants like bamboo, which not only provides economic benefits but also public goods such as environmental regeneration and improved livelihoods for local communities,” added Prof. Chhatre.
Emphasising the importance of conserving natural resources, Rajendra Prasad Khajuria, VC & MD, Andhra Pradesh Forest Development Corporation Limited (AP FDC), said, “The scope of this initiative is broad, and we are certain that this collaboration will not only benefit our forest communities but also promote the culture of scientific forest management. Despite making substantial efforts on a joint Forest Management programme, we have been facing several challenges. Now, with a renewed focus and this collaboration with the Indian School of Business, we are sure of achieving tangible results with their expertise and experience. With better management, our forests can be more sustainable, communities can gain improved livelihoods, and new business opportunities will emerge, leading to a revitalisation of the entire sector.”
26, Nov 2024
Setting New Standards in Women’s Safety for Bus Travel
India – Nov 26th, 2024: Ensuring safe travel for women remains a critical priority in India, especially for those journeying alone. From bustling metropolitan areas like Delhi, Bangalore, and Chennai to growing cities such as Bhopal and Agra, many women continue to express concerns about their safety while traveling. This is particularly evident during intercity journeys, highlighting the urgent need for transportation options that prioritize passenger security.
Recognizing this need, NueGo, a leader in the intercity bus travel sector, is placing women’s safety at the forefront of its mission. Operating across more than 150 cities in India, NueGo is revolutionizing the travel experience for women by implementing an extensive range of safety measures, including a 24/7 dedicated women’s helpline (1800 267 3366), high-definition CCTV surveillance, real-time GPS tracking, and mandatory driver Breathalyzer tests. NueGo’s staff undergo rigorous training, and its Driver Monitoring System ensures accountability and safety. Reserved seating for women is also available, featuring the PINK seat option, where female passengers are seated exclusively next to other women for added comfort. The buses offer clean and hygienic mid-point stops, supported by a 24×7 Command Control Centre, empowering women to travel with confidence.
NueGo’s marketing campaigns emphasize women’s safety, empowerment, and an enhanced guest experience. The #UnloadYourWorries campaign highlights NueGo’s dedication to addressing women’s safety concerns through its comprehensive safety measures. The ‘Breaking Barriers with NueGo’ campaign on National Girl Child Day celebrated the achievements of women coach captains and cabin hosts, challenging stereotypes in traditionally male-dominated roles. NueGo has also undertaken guest-centric campaigns, including sports collaborations with the Haryana Steelers Kabaddi team and Delhi Capitals, movie tie-ups offering travel discounts, and services like fares starting from ₹499 with food boxes on select routes—all designed to enhance the travel experience, promote gender equality, and build emotional connections with its guests.
By addressing the long-standing challenges faced by women travelers, NueGo is promoting greater mobility and independence for women across the country. As the company continues to expand its services, it sets a powerful example for the transportation industry, proving that safe and comfortable travel for women is both possible and essential for building a more inclusive society.
About NueGo
NueGo is India’s leading premium electric bus coach brand from GreenCell Mobility. A guest-centric brand, NueGo which is currently operating in 100+ cities in India, runs through 25 stringent safety checks including mechanical and electrical inspections. These electric coaches can run over 250 kilometers on a single charge, with the air conditioners on, in traffic conditions. NueGo coaches are fitted with innovative technology, and comfortable seats and offer end-to-end convenience for inter-city travelers with a focus on safety, punctuality, and seamless guest experience. NueGo has well-trained staff and offers airport-like premium lounges in selective cities. For more information, please visit: https://www.nuego.in/
25, Nov 2024
The Nuclear Family – Housing India’s Millennials
By Akash Pharande, Managing Director – Pharande Spaces
Young, dual-income nuclear families and single professionals just beginning their careers are the driving forces of urban India today. In 2022, nearly half of Indian households consisted of 1 to 4 members, marking a significant rise in nuclear families from just 37% in 2008. By 2024, it is likely that this proportion has surpassed the 50% threshold, with smaller family units dominating the demographic landscape.
The transition from joint families to nuclear ones signals a profound cultural shift. While joint families once offered financial predictability, elderly care, and shared responsibilities, modern nuclear families prioritize independence, personal growth, and global aspirations. This shift is reshaping India’s urban housing market.
The Evolution of the Indian Nuclear Family
What drives the rise of nuclear families?
Financial Independence: Youth today seek autonomy over their finances, aligning with modern lifestyles.
Freedom of Choice: Young couples prefer making life decisions without traditionalist interference, particularly when family elders control resources. While these families remain respectful of elder care, their close bonds with previous generations have loosened. They aim for growth without constraints, focusing on career advancement, family investment, and quality of life.
Modern Parenting: Parents wish to raise their children with contemporary values, often focusing on creating global citizens.
The Millennial Dream Home
For the millennial nuclear family, the definition of an ideal home has evolved. Here’s what they prioritize:
Space for Growth – Homes need to accommodate expanding families. A survey by Anarock found that 51% of homebuyers preferred 3BHK units over smaller 2BHKs, despite rising property prices.
Sustainability – with 84% of Indians aware of global warming (Yale Program on Climate Change Communication, 2022), eco-friendly homes are now in demand. Features like energy-efficient designs and green certifications are becoming essential.
Safety and Security – Rising urban crime rates drive families toward gated communities and integrated townships with robust security measures.
Technological Integration – Smart homes are gaining traction, with the Indian smart home market expected to reach $6.5 billion by 2024. However, it’s not just about gadgets—it’s about creating smarter living environments.
Smarter Housing for Smarter Families
For today’s nuclear families, housing is not just about a home; it’s about the lifestyle it supports. This has led to increased demand for integrated townships—self-sustaining communities offering residential, retail, healthcare, and entertainment facilities within a single complex.
Why Integrated Townships?
Lifestyle Solutions: These townships offer “walk-to-work” convenience, on-site amenities, and pollution-free environments, reducing reliance on crowded urban hubs.
Complete Ecosystems: They blend residential and commercial spaces, catering to the all-in-one lifestyle nuclear families seek.
Enhanced Connectivity: With expanding metro networks, suburban areas housing these townships are now more accessible and affordable.
Challenges in Meeting Demand
Despite their appeal, integrated townships remain niche offerings due to the following challenges:
Land Availability: Securing large, cohesive parcels of land is a daunting task for most developers.
Expertise: Designing a township requires proficiency in integrating diverse real estate segments like hospitals, malls, and housing.
Capital Intensive: Building such ecosystems demands substantial investment throughout the development lifecycle.
As nuclear families reshape India’s urban housing market, the demand for sustainable, secure, and smart homes continues to rise. Integrated townships represent the future of housing, offering holistic solutions tailored to the aspirations of modern families. However, with limited supply and high barriers to entry, the race to meet this demand will define the next phase of India’s real estate evolution.
About the Author:
Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces has taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience.
4, Nov 2024
VST Tillers Tractors Ltd reported Net profit of Rs 44.93 Cr, up by 23 Percent YoY, for the quarter ended Sept 30th, 2024
Bengaluru, 4th Nov 2024: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their financial results for the quarter and half year ended Sept 30, 2024.
For the Quarter, VST achieved the turnover of Rs 283.43 Cr, up from Rs 278.51 Cr in the second quarter of last year. The profit before taxes is Rs 57.53 Cr, up 16% from Rs 49.66 Cr in the same period previous year. Net profit rose by 23% to Rs 44.93 Cr YoY.
On year-to-date basis, the turnover is at Rs 474.02 Cr, compared to Rs 524.65 Cr in the first half of last year. The unfavorable circumstances in the first quarter of this year, which is now recovering from Q2, are the cause of the turnover’s degrowth. Maintaining the same margin on sales, the profit before taxes is Rs 85.47 Cr as opposed to Rs 92.25 Cr of last year. Net profit stood at Rs 67.78 Cr as against Rs 69.44 Cr last year.
4, Nov 2024
Unaudited standalone & consolidated financial results for the half year ended September 30th, 2024
The Board of Directors of Sundaram Finance Ltd. (SFL) approved the unaudited standalone and consolidated financial results for the half year ended Sep 30, 2024, at its meeting held on Nov 04, 2024, in Chennai.
“Team Sundaram has delivered a balanced H1FY25 despite lower-than-expected economic activity in the half year. Assets under management grew by 20% to Rs. 48,058 crores compared to the prior year period. Net stage 3 assets closed at 0.89% and profit after tax for H1FY25 was at Rs. 648 crores. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY24 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.
Disbursements for H1FY25 recorded a growth of 3% over H1FY24. Gross stage 3 assets improved over the previous year. Gross stage 3 assets as on September 30, 2024, stood at 1.62% with provision cover of 45% as against 1.86% as on September 30, 2023, with provision cover of 42%. Core operations performed strongly with profit from operations up by 23% in H1FY25. Profits after tax was flat at Rs. 648 crores during H1FY25 and H1FY24 primarily due to a shift in the timing of dividend income last year. Dividend income was at Rs. 43 crores during H1FY25 as against Rs. 181 crores in H1FY24. Return on assets closed at 2.50% in H1FY25 as against 2.95% for H1FY24 and capital adequacy at 20.0% remains quite comfortable.
“Economic activity in Q2 was well below expectations with the monsoons disrupting consumption and government spending being slower post the general elections. The tepid economic activity was exacerbated by growing concerns on asset quality in the microfinance and unsecured lending sectors. With no exposure in these segments, we delivered a well-balanced performance in a tough operating environment, recording operating profit growth of 23%. Looking ahead, we remain cautiously optimistic of a recovery in economic activity in H2 as domestic consumption and private sector capital expenditure resume and the central government’s infrastructure spend and policy agenda gather pace. Team Sundaram will continue to remain sharply focused on delivering the Sundaram experience to our customers, our people and all stakeholders,” said Rajiv Lochan, Managing Director.
STANDALONE PERFORMANCE HIGHLIGHTS FOR H1FY25
- Disbursements for H1FY25 grew by 3% to Rs. 13,768 crores as compared to Rs. 13,430 crores registered in H1FY24.
- The assets under management grew by 20% to Rs. 48,058 crores as on 30th September 2024 as against Rs. 40,106 crores as on 30th September 2023.
- Net interest income grew 19.4% to Rs. 1,304 crores in H1FY25 from Rs. 1,092 crores in H1FY24.
- Gross stage 3 as on 30th September 2024 stood at 1.62% with 45% provision cover as against 1.86% with provision cover of 42% as on 30th September 2023. Net stage 3 as on 30th September 2024 closed at 0.89% as against 1.08% as on 30th September 2023.
- The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.39% and 1.55% respectively as against 2.89% and 2.06% as of 30th September 2023.
- Profit from operations increased by 23% in H1FY25 as compared to H1FY24.
- Cost to income ratio closed at 32.27% in H1FY25 as against 35.18% in H1FY24.
- The dividend income was lower during H1FY25 at Rs. 43 crores as against Rs. 181 crores in H1FY24.
- Profit after tax was flat at Rs. 648 crores during H1FY25 and H1FY24.
- Return on assets (ROA) for H1FY25 closed at 2.50% as against 2.95% for H1FY24. Return on equity (ROE) was at 14.2% for H1FY25 as against 16.2% for H1FY24.
- Capital Adequacy Ratio stood at 20.0% (Tier I –16.4%) as of 30th September 2024 compared to 19.9% (Tier I – 15.9%) as of 30th September 2023.
CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR H1FY25
The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.
- The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 72,541 crores as on 30th September 2024 as against Rs. 60,578 crores as on 30th September 2023, a growth of 20%. The assets under management of our asset management business stood at Rs. 76,845 crores as on 30th September 2024 as against Rs. 61,884 crores as on 30th September 2023, a growth of 24%.
- Profit after tax for H1FY25 grew by 18% to Rs. 871 crores as compared to Rs. 741 crores in H1FY24.
GROUP COMPANY PERFORMANCE HIGHLIGHTS
Our group companies continued to perform well.
- The asset management business closed the half year ended 30th September 2024 with assets under management of Rs. 76,845 crores (around 85% in equity) and consolidated profits from the asset management businesses were at Rs. 68 crores as against Rs. 49 crores in H1FY24.
- Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 2,053 crores as compared to Rs. 1,818 crores in the corresponding period of the previous year, representing a growth of 13%. The Company reported a profit after tax of Rs. 126 crores for H1FY25 as against a profit of Rs. 145 crores in H1FY24.
- Sundaram Home Finance continued to grow strongly with disbursements up by 26% to Rs. 2,896 crores in H1FY25. The profit for H1FY25 was Rs. 111 crores, as against Rs. 117 crores in H1FY24.
30, Oct 2024
Average home prices in Gurugram up 76 Percent in 2 years, say’s report
Gurugram: The real estate prices of houses in Gurugram have risen to an average of 76 percent in the past two years driven by high demand and expectation for more homes. The newly released Prop Index Report by Magic Bricks reveals an average price of Rs 14,650 per sq ft, 15.5% up in the last quarter alone (July to September in the fictitious year 2024).
Mr. Gaurav K Singh, Founder & MD, Womeki Group, “As we embrace the vibrant festival season in India, the real estate market is experiencing a notable transformation. Recent trends reveal a shift in buyer preferences toward spacious homes that offer a blend of comfort and functionality. With remote work becoming a lasting reality, many are seeking properties that accommodate their evolving lifestyles, favoring amenities like home offices and communal spaces. Additionally, attractive financing options and festive discounts create a sense of urgency, prompting many to take the leap into homeownership. Many eager homebuyers wait for this period, motivated by the festive spirit and the desire to invest in new beginnings. real estate developers recognize this enthusiasm and often roll out attractive deals, catering to investors, end users, and channel partners alike. These incentives aim to make homeownership more accessible and appealing, offering prospective buyers additional financial benefits and added value to enhance their festive season. The festival season is not just about celebration; it’s a strategic moment in the real estate market that fosters investment, innovation, and community growth.”
This growth pattern can be accrued mainly to a major infrastructure factor led by the successful construction of Dwarka Expressway. Housing sectors in Gurugram and newer sectors, in particular, have become more attractive to home buying as this major project has helped to increase connectivity between the two cities. While core Gurugram locations remain steep in rates these emerging sectors are gaining attention for affordable prices in housing, especially around central business districts.
Mr. Viren Mehta, Director, ElitePro Infra said, “The Gurugram real estate market has shown remarkable resilience, with property prices increasing by 76% over the past two years. This surge highlights the strong demand for housing, especially in key areas that offer enhanced infrastructure and connectivity. While the supply of residential units has also grown, the rising prices reflect sustained investor confidence and the premium that buyers are willing to pay for quality homes. Developers must now focus on balancing supply and affordability, ensuring that the market remains attractive for both homebuyers and investors alike.”
The report also pointed out that the prices have risen sharply and despite the demand for residential units going up a decent 9.9 percent QoQ, while new supply coming in at a much faster pace of 18.3 percent QoQ, thanks to an increase in the number of new listings and new project launches in the quarter.
Mr. Ashish Agarwal, Director, AU Real estate – Over the last 2 years, we have witnessed an unprecedented surge in home prices in Delhi NCR, driven primarily by the region’s ongoing infrastructure development. The enhancements in connectivity and accessibility have not only elevated the desirability of NCR as a residential destination but have also stimulated significant interest from homebuyers. As we approach the festive quarter, we anticipate continued growth in housing sales, as consumers seek to make meaningful investments during this auspicious time.
Also, there is high demand of ready to move apartments, prices have gone up to 12.9 percent quarter on quarter to Rs 13,729/ sq ft, and under-construction apartment prices have gone up to 17.3 percent quarter on quarter to Rs 16,180/ sq ft.
This report factually shows that 3 BHK units are the most in-demand, taking the majority with 66% of the total share. The average price for these units has increased by 21.6 percent in the last quarter which is at Rs 14,600 per square feet. End-user interest is inclined towards upcoming apartment micro-markets like the Dwarka Expressway where the average residential rate was Rs 14,800 against Rs 12,600 in New Gurgaon and Rs 17,000 in Golf Course Extension.
The Dwarka Expressway along with New Gurgaon and SPR has become the most searched area for real estates, as the report identifies. This change signifies a rise in interest in the real estate market in Gurugram connecting the city as a key player to the Delhi NCR real estate market.
Mr. Santosh Agarwal, CFO and Executive Director of Alphacorp, “The impressive 76% surge in residential prices across Gurugram over the past two years is a clear reflection of the region’s growing demand and strong market fundamentals. Gurugram has transformed into a key real estate destination, attracting both end-users and investors, driven by infrastructural advancements, improved connectivity, and the influx of multinational corporations. This price appreciation also mirrors the rising aspirations for luxury and high-end properties. We view this as a pivotal time to continue enhancing our project offerings with cutting-edge amenities and sustainable designs to meet the evolving needs of discerning buyers. Additionally, Gurugram’s growth trajectory aligns with broader economic trends, making it a robust investment hub for the future. With sustained government support and further infrastructure projects in the pipeline, the outlook remains highly positive for Gurugram’s real estate market.”
With infrastructure gradually developing more and new projects on the horizon, the residential market of Gurugram holds a promise of even more growth and the city remains as one among the top choices for consumers and investors.
Mr. Didar Singh, Senior Vice President – Sales, Trehan Iris, said, “Gurugram has seen a remarkable 76% increase in home prices over the past two years, reflecting its rise as a key business hub. The completion of significant infrastructure projects, particularly the Dwarka Expressway, has enhanced connectivity to Delhi, attracting a growing number of residents. This influx has driven residential demand, pushing prices upward, especially in core areas. As the housing supply increases, newer sectors are emerging, offering quality residential options while still maintaining proximity to major business districts. Moreover, as infrastructure continues to develop, Gurugram’s appeal is set to grow, , further solidifying its position as a prime destination for homebuyers seeking both convenience and value.”
Why These Areas of Gurugram Have Become Property Hotspots and :
With prime locations and excellent infrastructure development in NCR, the Gurugram Dwarka Expressway, Southern Peripheral Road (SPR), New Gurugram, Golf Course Road, Golf Course Extension Road, and Sohna Road have become property hotspots. Home buyers are showing significant interest in these areas. Gurugram is known for its various expressways and has the facilities of Indian Railways, Rapid Metro, and Delhi Metro, with the upcoming Rapid Rail facility also set to become available. Last year, the Haryana government formed Gurugram Metro Rail Limited (GMRL), a special-purpose vehicle to implement the 28.5 km metro expansion project from Millennium City Center to Cyber Hub, which will integrate a large part of the city into the metro network.
23, Oct 2024
KISNA Diamond and Gold Jewellery Marks a Milestone with 50 Showrooms in India
Noida, Delhi, NCR, 23rd October 2024: KISNA Diamond and Gold Jewellery, a leading brand in the jewellery industry, proudly announced the grand opening of its 50th exclusive showroom in the country. This marks KISNA’s 10th showroom in the Delhi NCR region, located at Spectrum Mall, Sector 75, Noida. The inauguration was graced by Mr. Ghanshyam Dholakia, Founder & Managing Director of Hari Krishna Group, and Mr. Parag Shah, Director of KISNA Diamond & Gold Jewellery.
To celebrate the grand opening, KISNA is offering up to 100% off on diamond jewellery making charges and up to 20% off on the making charges for gold jewellery. Adding to the excitement, KISNA’s
#Abki_Baar_Aapke_Liye Shop & Win a Car campaign offers consumers a chance to win from over 100 cars. Consumers can participate by purchasing diamond, platinum, or solitaire jewellery worth ₹20,000 or more, or gold jewellery worth ₹50,000 or more.
Speaking on this momentous occasion, Mr. Ghanshyam Dholakia, Founder & Managing Director of Hari Krishna Group, stated: ‘’Achieving the milestone of 50 showrooms across the nation in such a short span reflects the trust our consumers have placed in KISNA. With Diwali around the corner, and the opening of our 10th showroom in Delhi, NCR, we look forward to continuing this journey of growth, and creating moments of joy for our consumers. This expansion aligns with our vision, ‘Har Ghar KISNA,’where we aim to be India’s fastest-growing jewellery brand, making every woman’s dream of owning diamond jewellery come true.”
Mr. Parag Shah, Director of KISNA Diamond & Gold Jewellery, added: ‘’ The opening of our 50th showroom in the country is not just a business achievement but a celebration of our brand’s core values—innovation, craftsmanship, and trust. Our consumers have embraced KISNA’s offerings with great enthusiasm, and we are proud to mark this milestone during the Diwali festive season. With the launch of our latest showroom in Noida, we are excited to offer an even more personalized shopping experience to our consumers in this region.”
Mr. Manish Kumar Jain, Franchise Partner, KISNA, said: “Partnering with KISNA has been a rewarding experience, and reaching this 50th showroom milestone reflects the brand’s growing popularity and trust among consumers. We are thrilled to bring KISNA’s exceptional craftsmanship and service to even more people with the opening of our latest showroom in Noida.”
In line with KISNA’s commitment to giving back to the community, the brand organized a tree plantation drive as part of the launch event. Additionally, KISNA hosted a food distribution drive for the underprivileged.
23, Oct 2024
Join a cultural celebration of East meets West this festive season at Kuda Villingili Resort Maldives
Kuda Villingili Resort, nestled in the pristine beauty of the Maldives, is delighted to announce its highly anticipated Festive 2024-2025 celebrations, themed “East Meets West.” This year’s festivities promise to deliver a harmonious blend of cultural refinement and exhilarating adventures, offering guests a truly immersive and unforgettable holiday experience.
Running from December 23, 2024, to January 7, 2025, the “East Meets West” celebrations will bring together the best of both worlds, combining the elegance of Eastern traditions with the vibrancy of Western culture. With a lineup of exciting events, the resort aims to create a one-of-a-kind experience for guests of all ages.
The celebrations will commence on December 23 with an enchanting tree-lighting ceremony. Guests are invited to come together for festive carols, marvel at a stunning island-style Christmas tree, and stroll along lantern-lit pathways to kick off the holiday season.
On Christmas Eve, the vibrant atmosphere at Kuda Villingili will take center stage at Raalhu Bar with a lively cocktail party, featuring the festive beats by resident DJ, followed by a magnificent Christmas Eve Gala Dinner at The Restaurant Beach, where a live band will elevate the festive atmosphere. December 25 brings festive cheers, gifts, and the much-anticipated arrival of Santa Claus, promising a magical holiday experience for both children and adults.
The festive celebrations at Kuda Villingili Resort will continue to offer a diverse array of experiences that cater to every taste and preference. Guests can look forward to a magical Cinema Night under the stars, an Arabian Shisha Night, library wine dinners, karaoke nights, and more, ensuring a variety of engaging activities for all.
New Year’s Eve celebrations on December 31 will begin with a cocktail reception and a live band performance, setting the mood for an exciting evening. The highlight of the night will be the special East Meets West Gala Dinner, where guests will enjoy a spectacular fusion of Eastern and Western culinary delights, complemented by live entertainment featuring musicians and special performers. The evening will culminate in an unforgettable New Year Countdown and fireworks, as guests toast to 2025 with bubbles and new resolutions.
For young guests, the Kuda Fiyo Kids Club has curated a series of entertaining, educational, and memorable activities. From splashing pool parties and enriching nature walks to cultural immersion experiences and sunny beach days, children will have ample opportunities to make new friends and create unforgettable holiday memories.
Adventure-seekers can look forward to the resort’s extensive range of ocean activities. Whether seeking an adrenaline rush or a serene escape, guests can tailor their ocean adventures, from big game fishing and competitive water games to scuba diving for both adults and children. MSTS Watersports and Diving will lead these thrilling experiences, ensuring every guest finds their perfect balance of excitement and relaxation.
For those seeking fitness and wellness, Kuda Villingili offers a diverse range of sports and wellness activities. Guests can stay active with mat Pilates, aeroboxing, and aqua yoga, or unwind with meditative yoga and reflective painting sessions, designed to nourish both the body and soul.
Kuda Villingili Resort Maldives extends an invitation to guests to partake in an unforgettable festive holiday experience, where the stunning beauty of the Maldives harmonizes with two culturally rich and distinctive realms: the refined elegance and mystique of the East alongside the rugged, adventurous spirit of the West. Bid farewell to the old year and welcome the new one with optimism and joy at Kuda Villingili Resort Maldives.
