Category Archives: Business

Puravankara Bags Prestigious CIDC Vishwakarma Award for Social Development and Impact

Bengaluru, 22nd April 2024: Puravankara Limited (BSE: 532891), one of India’s most trusted and admired real estate developers, has bagged the Achievement Award for Creating Social Development and Impact at the 15th Edition of the Vishwakarma Awards, hosted by the Construction Industry Development Council (CIDC) – a joint initiative by the Niti Aayog and the Indian construction industry.

The award recognizes Puravankara’s exemplary efforts in driving positive change through its impactful campaigns, particularly its collaboration with the Biome Environmental Trust in rejuvenating heritage wells as part of the “Million Wells for Bengaluru” campaign. This initiative reflects Puravankara’s commitment to environmental sustainability and community empowerment.

Commenting on the recognition, Ashish Puravankara, Managing Director, Puravankara Limited, said, “It is a humbling experience to be recognized with this eminent award – a testament to our unwavering commitment to social responsibility and environmental stewardship. We are honored to be recognized for our efforts to make a meaningful difference in the lives of people and the communities we serve.

Puravankara is actively contributing to the ‘Million Wells for Bengaluru’ campaign – an initiative that aims to combat the depleting water table in the city. Through this, we want to demonstrate our commitment to the cause of water conservation and resuscitating the ancient tradition of well-digging among the Manu Vaddar community. The company’s efforts are focused on rejuvenating open and heritage wells and promoting rainwater harvesting, which has significantly helped in recharging the shallow aquifers, thereby replenishing groundwater reservoirs.”

Since 2021, more than a dozen heritage/recharge wells have been restored in Bengaluru and surrounding areas. These include one existing well rejuvenated at Rest House Park on Crescent Road, two in Lalbagh, and three new wells dug at ACF, Madiwala, Bengaluru.

In 2022-2023, six open heritage wells and a Kalyani were rejuvenated in Hunsamaranahalli TMC limits in Yelahanka Taluk, positively impacting thousands of nearby residents. A well opposite the aviation academy pumps 2 lakh litres daily and supplies water to Shaktinagar, Muneshwar Camp, and Sonnappanahalli municipal wards. Near Bettahalasur Cross, a well serves approximately 100 households.

Most wells have been adorned with captivating Warli art, adding a touch of artistry and enhancing their visual appeal. These wells have also become a central congregation point for the nearby communities, transforming them into vibrant cultural landmarks symbolizing the harmony between tradition and progress. The use of a pulley system ensures that water is not wasted.

In addition, the campaign has also helped to install rainwater harvesting systems at the Sonappanahalli School in Bengaluru and the Vidyaprabodhini School in Goa, which can harvest up to 33 lakh liters of water annually.

The CIDC Vishwakarma Awards, held annually, celebrate excellence and innovation in the construction industry. They recognize organizations that demonstrate exemplary achievements in various aspects of development and impact.

5 Creative Ways to Use LUVIH in Home Decor

In the world of interior design, where trends come and go, LUVIH stands as a beacon of innovation, offering a unique blend of elegance and modernity. With its Haute Matte texture and near-zero reflectivity, LUVIH redefines the concept of sophistication in home décor. From accent walls to kitchen countertops, LUVIH’s versatility and durability make it the perfect choice for adding a touch of luxury to any space.

1. Statement Accent Walls:

LUVIH’s matte finish lends itself perfectly to creating statement accent walls that exude style and sophistication. Whether you opt for a bold color or a subtle texture, LUVIH’s anti-fingerprint technology ensures that your accent wall remains pristine, allowing it to serve as the focal point of any room.

2. Sleek Kitchen Countertops:

Upgrade your kitchen with sleek and stylish LUVIH countertops that offer both form and function. With their satin smooth touch and high scratch resistance, LUVIH surfaces are not only beautiful but also practical, making them the perfect choice for busy kitchens where durability is paramount.

3. Modern Cabinet Doors:

Transform your kitchen or bathroom cabinets with LUVIH’s modern cabinet doors, which feature a hi-abrasion resistant matte finish that adds a touch of sophistication to any space. With a wide range of colors and thicknesses to choose from, you can customize your cabinet doors to suit your personal style and design preferences.

4. Attractive Furniture Accents:

Add a touch of chic sophistication to your furniture pieces with LUVIH laminates, which boast a super-hygienic matte finish that is both stylish and practical. Whether you’re updating a coffee table, sideboard, or shelving unit, LUVIH’s matte surfaces offer endless possibilities for creating stylish and functional furniture accents.

5. Striking Decorative Wall Panels:

Create striking focal points in your home with LUVIH’s decorative wall panels, which offer a compact solution for adding texture and visual interest to any space. Pair these panels with LUVIH’s matte edge bands for a seamless and sophisticated finish that elevates the aesthetics of your home décor.

In essence, LUVIH represents the epitome of elegance and innovation in home décor, offering a range of surface solutions that are as beautiful as they are functional. With its timeless appeal and enduring quality, LUVIH is sure to make a lasting impression in any space, transforming ordinary rooms into extraordinary works of art.

Equirus Welcomes Amit Arora as Chief Operating Officer and Managing Director

Mumbai, India – Equirus, a leading financial services company,announces the appointment of Amit Arora as its new Chief Operating Officer (COO) and Managing Director. Amit joins Equirus with a distinguished track record of leadership and success in the financial sector, marking a significant addition to the company’s executive team.

With extensive experience in senior leadership roles, including his tenure as CEO of Sharekhan BNP Paribas Financial Services Pvt Ltd where he demonstrated exceptional leadership in steering the NBFC and loan business of the groupto new heights. With a total experience of more than 29 years in the financial services domain, Amit brings a wealth of knowledge and expertise to Equirus. His proven ability to drive business growth and operational excellence will be instrumental in advancing Equirus’s strategic objectives and fortifying its position as a trusted financial partner.

“We are delighted to have Amit Arora join Equirus as our new Chief Operating Officer and Managing Director,” said Ajay Garg, Founder and Managing Director at Equirus. “Amit’s proven track record of success and deep industry knowledge make him an invaluable addition to our team. His appointment reflects our commitment to driving forward our expansion initiatives and delivering exceptional value to our clients.”

Amit’s leadership will play a critical role in guiding Equirus’s strategic initiatives and operational functions. His appointment reflects the company’s focus on innovation, client-centricity, and long-term value creation.

“I am honored to join Equirus, a company known for its commitment to excellence and innovation in financial services,” said Amit Arora. “I look forward to working closely with the Equirus team to drive operational efficiency, foster a culture of collaboration, and deliver exceptional value to our clients and stakeholders.”

Amit’s appointment comes at an exciting time for Equirus as the company continues to pursue strategic growth opportunities and expand its presence in the financial services industry. His leadership will further strengthen Equirus’s position as a trusted financial partner to its clients and stakeholders.

Unveiling Fame Garden and ‘Privé by Fame

India, Mumbai, 20 April 2024 – Get ready for a culinary adventure like no other as Fame Garden and Privé by Fame, The Beatles’ latest culinary gems, prepare to grace the vibrant heart of Hiranandani Gardens Powai. With their grand opening on 19th April 2024, Fame Garden and Privé by Fame are poised to revolutionize Mumbai’s culinary landscape. Nestled against the tranquil backdrop of Powai Lake, these culinary havens beckon patrons to immerse themselves in a haven of culinary delights and sophisticated charm.

Prepare to embark on a gastronomic journey crafted by Head Chef Victorian, paying homage to global flavors while celebrating local ingredients. From tantalizing appetizers like Smoked Feta Spanakopita and Marinated Olives & Whipped Feta to savory delights such as Greek Bougiourdi and Shrimp Brulee, each dish is a testament to Chef Victorian’s culinary expertise and creativity.

Fame Garden and Privé by Fame promise an exclusive dining experience fit for discerning connoisseurs. Indulge your palate with culinary masterpieces such as the Prosciutto e Rucola pizza and the Seabass Mimosa, meticulously crafted to elevate your dining experience to new heights.

Commenting on the soon-to-launch eateries, Sachiin Joshi, Owner of Fame Garden and Privé by Fame at The Beatle, expressed his excitement, saying, “It is with immense pleasure that we announce the impending arrival of our culinary oasis in the vibrant heart of Hiranandani Gardens Powai. With their grand opening on the horizon, Fame Garden and Privé by Fame are poised to revolutionize Mumbai’s culinary landscape. Join us as we prepare to unveil Fame Garden and Privé by Fame, where culinary excellence meets unparalleled ambiance, and every meal is a journey to be savored and cherished.”

Adding further to this, Soumik Roy, General Manager of The Beatle, remarked, “We are thrilled to unveil the culinary marvels that await at Fame Garden and Privé by Fame. Our menu is a symphony of flavors, meticulously crafted to delight the senses and elevate the dining experience. From the tranquil shores of Powai Lake, Fame Garden and Privé by Fame are not just restaurants; they’re celebrations of culinary artistry and passion. We are delighted to share our passion for food with the discerning palates of Mumbai, inviting them to join us on a journey of gastronomic delight, where every dish tells a story and every moment is cherished.”

With its unique blend of sophistication, charm, and culinary excellence, Privé by Fame and Fame Garden is poised to become the crown jewel of Hiranandani Gardens Powai by offering:

Exquisite Culinary Creations: Fame Garden and Privé by Fame offers a diverse menu curated by Head Chef Victorian, featuring a fusion of global flavors and local ingredients, promising an unforgettable dining experience.

Unparalleled Ambiance: Nestled against the serene backdrop of Powai Lake, Fame Garden and Privé by Fame provides a tranquil retreat from the urban hustle, inviting guests to savor every moment in a sophisticated yet welcoming ambiance.

Exclusive Dining Experience: Fame Garden and Privé by Fame caters to Mumbai’s elite, offering an exclusive enclave where luxury meets culinary excellence, promising an indulgent experience like no other.

White Lion Systems Pvt Ltd. Celebrates 10th Anniversary Milestone with Momentous Headquarters Gathering

Surat, April 2024 – White Lion Systems Pvt Ltd. (WSPL) marked a significant milestone today as it commemorated its 10th anniversary with a grand gathering of the entire team at its headquarters in Surat. The event, held on April 11th, 2024, was a moment of reflection, celebration, and anticipation of the journey ahead.

Introducing Mr. Lion: The Symbol of Strength and Leadership

In conjunction with the anniversary celebration, WSPL proudly introduced its new brand mascot, Mr. Lion. Symbolizing strength, leadership, and resilience, Mr. Lion embodies the company’s ethos and commitment to excellence.

Unveiling “Switch – A Story of Culture”

As part of its ongoing commitment to nurturing a vibrant organizational culture, WSPL unveiled “Switch – A Story of Culture”, an engaging narrative depicting the journey of a new employee’s integration into the company culture. This initiative underscores WSPL’s dedication to fostering a welcoming and inclusive work environment.

Introducing Master Catalogue and Expansion Plans

In a move to showcase its comprehensive range of offerings, WSPL unveiled its Master Catalogue on this special occasion. Additionally, the management team announced the introduction of two new verticals:

· White lion Projects: Catering to bulk and premium projects for builders and construction firms.

· White lion Enterprise: Offering tailor-made solutions for the hospitality, entertainment, education, cinema, and healthcare sectors, as the company structure transitions to the White Lion Retail Vertical.

Innovative Product Solutions for Hospitality Industry

WSPL also generated excitement with the reveal of innovative product solutions tailored to the hospitality industry’s needs. These solutions feature state-of-the-art automation systems addressing vital energy monitoring, central monitoring, and program controller requirements, aimed at offering efficient and sustainable solutions.

Reflecting on the past decade, Vishal Kukadiya, Director of Sales and Marketing, commented, “We’ve witnessed challenges, but the current wave of urbanization and infrastructural development in India has underscored the growing demand for home and residential automation. Favorable government policies have buoyed industry prospects, aligning with our belief that automation is not just a luxury but a lifestyle necessity, ensuring the safety and well-being of our loved ones. Despite this, there remains a gap in understanding the importance of automation among the majority, fostering a competitive yet promising market outlook.”

Digant – CMO of White Lion Systems Pvt. Ltd., shared his perspective, saying, “As we celebrate this remarkable milestone, we are filled with gratitude for the journey that has brought us to this point. Our commitment to innovation and customer satisfaction remains unwavering as we embark on the next phase of growth. With our expanded offerings and dedication to excellence, we are poised to continue leading the smart home automation industry.”

The 10th-anniversary celebration reflects WSPL’s commitment to innovation, excellence, and customer satisfaction. As the company looks ahead to the next decade, it remains dedicated to delivering cutting-edge solutions and driving positive change in the industry.

Blaupunkt Unveils Next-Gen Earbuds in revolutionizing audio with BTW300

Hyderabad 20th April 2024: Blaupunkt, a pioneer in German audio technology, has unveiled its latest product, the Blaupunkt BTW300 Moksha Platinum earbuds, marking the dawn of a new era in earbud technology. Departing from conventional ANC, Blaupunkt introduces Hybrid ANC, a fusion of Environmental Noise Cancellation (ENC) and Active Noise Cancellation (ANC), offering unparalleled noise filtration and intelligence. With a staggering sound filtration capability of up to 42dB, these earbuds set a new standard in noise cancellation, surpassing traditional ANC earbuds by a significant margin.

Hybrid ANC empowers users with selectable levels of filtration, catering to diverse environments and preferences. The Blaupunkt BTW300 Moksha Platinum provides three distinct ANC modes: Full Hybrid ANC for complete isolation, Transparent Mode for situational awareness, and ANC Off Mode for natural sound perception. This level of control ensures an immersive audio experience tailored to individual needs, whether indoors or outdoors.

Equipped with six Clear A.I. microphones, the Blaupunkt BTW300 Moksha Platinum delivers exceptional voice clarity and noise reduction. These advanced microphones work in tandem with the Hybrid ANC technology to eliminate ambient noise, ensuring crystal-clear conversations even in noisy environments.

Driving the Hybrid ANC technology is the revolutionary 22nm HIFI-5 DSP Chip, a breakthrough in audio processing. This compact yet powerful chip enables instant identification and filtration of noise, essential for the seamless operation of Hybrid ANC. Additionally, it enhances power efficiency, resulting in extended playtime and faster charging.

Beyond its groundbreaking technology, the Blaupunkt BTW300 Moksha Platinum boasts a plethora of features aimed at enhancing the user experience. From BlinkPair technology for effortless pairing to Turbo Volt Charging for rapid battery replenishment, these earbuds redefine convenience and performance. With up to 60 hours of playtime on a single charge, users can enjoy uninterrupted listening for extended periods.

Adding to its appeal is the elegant design in Matte Black, which distinguishes it from conventional earbuds with its premium and sophisticated appearance. Crafted with meticulous attention to detail, these earbuds exude understated elegance and timeless style, elevating the user’s aesthetic experience.

Backed by Blaupunkt’s century-long legacy of innovation and excellence, the BTW300 Moksha Platinum embodies German engineering at its finest. Renowned for reliability, durability, and superior audio quality, Blaupunkt products are trusted by users worldwide. Each Blaupunkt device is meticulously crafted using the finest materials and cutting-edge technology, ensuring unmatched performance and longevity.

Blaupunkt BTW300 Moksha Platinum earbuds represent a paradigm shift in audio technology, offering unrivaled noise cancellation, superior voice clarity, and unmatched convenience in a sleek and sophisticated package. With its innovative features and timeless design, it sets a new standard for premium earbuds, reaffirming Blaupunkt’s position as a leader in the audio industry.

ICICI Bank strengthens support for senior citizens in West Bengal

Kolkata: ICICI Bank has announced a range of initiatives to make banking more convenient to its senior citizen customers in West Bengal. As part of this programme, the Bank has set up desks with Relationship Managers dedicated to service senior citizens at all branches in the state. The desks offer personalised assistance to senior citizens for various banking requirements including providing form 15H, life certificate, fixed deposits and interest certificate. In case the senior citizens want to avail of these services from the convenience of their home, they can do so digitally on the Bank’s retail banking application, iMobile Pay. Additionally, the Bank has made banking services available at the doorstep of senior citizens to provide improved convenience to them throughout the state.

In order to promote these initiatives, the Bank has launched a comprehensive ad campaign titled, ‘Moner Moton Banking’ featuring Prosenjit Chatterjee and Sabyasachi Chakraborty, two renowned actors in West Bengal. The campaign was aired on popular Bengali news and entertainment channels, and was supported by outdoor advertising across premium locations in the state.

Further, ICICI Bank aims to celebrate rich cultural heritage of the state through the launch of ‘Tarar Khonje’, a talent search exclusively for residents of West Bengal and NRIs above 50 years of age. This initiative is a part of the Bank’s overall focus to serve the senior citizens in the state. The talent search encompasses various categories including dancing, singing, poetry recitation, playing musical instruments, stand-up comedy, and photography. The interested participants can submit their entries on the talent search’s official website www.tararkhonje.com.

To ensure maximum participation from senior citizens, the talent search has reached out to over 60 housing societies including esteemed old age homes like Snehodiya and Swapnobhor.

Mr. Akash Raghav, State Head- West Bengal and North East, ICICI Bank said, “We have undertaken multi-pronged steps to enhance hassle-free, seamless and convenient banking experience to the senior citizens in West Bengal as part of our aim to become their preferred bank of choice. We have also launched ‘Tarar Khonje’ which offers an opportunity to the residents and NRIs of the state who are above 50 years to showcase their talent. With over 5,000 registrations in just a few weeks, this initiative has garnered significant interest and participation. Through this campaign, our aim is to celebrate the artistic and cultural prowess of Bengal’s talented residents.”

The winners of the talent search will be rewarded with an opportunity to appear on television with the actor Prosenjit Chatterjee, fondly called Bumba Da.

ICICI Bank currently operates a vast network of nearly 300 branches and over 510 ATMs and cash recycling machines (CRMs) in West Bengal.

ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centers, internet banking (www.icicibank.com), and mobile banking.

Empowering Fashion Entrepreneurs Pre-registration Opens for Entrepreneur Fund

New Delhi, 20 April 2024: Fashion Entrepreneur Fund (FEF), one-of-a-kind venture studio committed to nurturing creativity in the fashion industry, is offering a game-changing opportunity to fashion entrepreneurs to build self-sustaining businesses. With an initial investment of Rs 20 crores, FEF seeks to empower emerging talents through mentorship, networking, and financial backing.

The pre-registration is live on FEF’s official website, https://www.thefef.net/ encouraging fashion innovators with promising concepts to pitch and secure the investment that can transform their visions into successful thriving businesses. Pre-registration gives you an opportunity to take your fashion startups to the next level.

Highlighting the role of FEF in the journey of aspiring fashion entrepreneurs, Mr. Sanjay Nigam, Founder of Fashion Entrepreneur Fund, stated, “FEF fosters a dynamic ecosystem for talent, mentorship, and networking in the fashion entrepreneurship universe. We are committed to shaping the future of fashion innovation and empowering individuals to showcase their creativity on a global scale.”

Mr. Nigam additionally emphasized that as a company, we firmly believe in the potency of groundbreaking concepts and are enthusiastic to invest in the next generation of fashion startups and businesses, both in the existing as well as upcoming generations.

With Mr. Sanjay Nigam’s leadership and plethora of rich experiences, coupled with guidance from Mr. Vagish Pathak, Chairman of FEF, the fund has garnered visibility and substantial support from influentially successful business leaders across diverse sectors.

Investors who recognize and support the vision of FEF include :

Mr. Karan Johar (Renowned Indian film director and producer)

Mr. Vinod Dugar (Honorary Consul of Malawi and Co-Promoter of RDB Group)

Mr. Naveen Jindal (Chairman of Jindal Steel & Power Limited)

Mr. Sandeep Jain (Director of Vega Industries Pvt. Ltd.)

Mr. Gaurav Dalmia (Chairman of Dalmia Group Holdings.)

Mr. Sukhraj Nahar (Founder, Chairman, and Managing Director of Nahar Group.)

Ms. Manju Yagnik (Vice-Chairperson of Nahar Group)

Ms. Sonali Dugar (Dugar Finance & Investments Limited)

Mr. Prithviraj Kothari (Managing Director of RiddhiSiddhi Bullion Ltd – RSBL.)

For fashion entrepreneurs seeking backing, guidance and support to navigate their aspirations, FEF serves as a dedicated partner in acknowledging the competitive landscape of the fashion industry.

Suzuki Motorcycle India expands its footprint in Kerala

Bengaluru, 20th  April 2024: Further expanding its reach in Kerala, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today inaugurated its new dealership – Indus Suzuki in Thiruvananthapuram, Kerala.

Located at Sarada Complex, Step Junction, Near Bharat Petroleum Pump, Mannanthala, Thiruvananthapuram, Indus Suzuki offers a unique experience to its customers in the city. The dealership is dedicated to addressing diverse sales requirements and is equipped with infrastructure to deliver the highest standards of Sales Service.

Welcoming the new business partner to Suzuki family, Mr. Devashish Handa, Executive Vice President, Sales & After Sales, Suzuki Motorcycle India said, “Inaugurating our new dealership in Thiruvananthapuram, Kerala, marks our efforts to not only come closer to our customers in the city but also to establish Suzuki’s high standards of customer experience. We extend our gratitude to the promoters of our new dealership, M/s Indus Motor Company Private Limited, for their confidence in Brand Suzuki. Our commitment of expanding a network of Dealerships nationwide remains steadfast, ensuring that customers have access to quality offerings and an elevated purchasing experience.”

Indus Suzuki offers a complete range of Suzuki’s domestic scooters and motorcycles. This includes Suzuki Avenis, Access 125, Burgman Street, Burgman EX, V-Strom SX, Gixxer SF250, Gixxer 25

Transit Oriented Development Corridors Emerge as the Epicentre of Real Estate Demand in Gurugram

Gurugram: In Gurugram’s bustling real estate landscape, Transit Oriented Development (TOD) Corridors have emerged as the epitome of development and financial promise. The quintessential example of this is the Dwarka Expressway, which with its strategic location and potential for infrastructural enhancements has captivated the attention of investors and homeowners alike, while also catalyzing robust growth in property values and demand.

Enhanced Connectivity with the Dwarka expressway, SPR (Southern Peripheral Road), Golf Course Extension Road, Railway station upgradation. Upcoming Metro Rail project, Gurugram is set to witness a significant enhancement in its connectivity network. This strategic development will facilitate smoother and more efficient travel across the city, promising newfound convenience for residents and commuters, Gurugram’s real estate landscape braces for a period of unprecedented growth and development. With improved connectivity, heightened investment potential, and a renewed sense of dynamism, the city is poised to emerge as a real estate powerhouse in the region.

According to the latest Magic Bricks Propindex Report (JFM 2024), the completion of the Dwarka Expressway signifies more than just the construction of a new roadway; it heralds a new era of urban living. The report reveals a marked preference for homebuyers in Gurugram to lean significantly towards bigger accommodations, with 3 BHK homes accounting for a considerable market share of 54%. Reflecting changing urban lifestyle preferences, nearly half of homebuyers express a preference for spacious accommodations.

The report also highlights that mid-sized units ranging from 1,250 to 2,000 square feet have witnessed the highest traction, commanding a significant 42% demand share. Price trends suggest a preference for houses priced above INR 10,000 per square foot, indicating a strong appetite for luxury or upscale residences. Particularly, luxury properties boasting three bedrooms or more command premium prices, averaging around INR 14,200 per square foot. This highlights a notable divergence in pricing between standard and luxury segments of the market, showcasing distinct demands and amenities associated with each property type.

Sharing his insights Mr. Ravi Aggarwal, Co-founder, and Managing Director, of Signature Global (India) Ltd. said, “The latest report’s insights reveal a clear shift in preferences, with a growing demand for spacious accommodations, particularly 3 BHK homes which dominate with a 54% market share. The surge in mid-sized units suggests an evolving mindset towards larger living spaces, indicative of changing urban dynamics. The preference for luxury or premium residences reflects that homebuyers are seeking upscale amenities and lifestyle. Key corridors like Dwarka Expressway, New Gurugram, and South of Gurugram (Sohna Road) emerge as epicentres of urban transformation, affirming a promising future for both end-users and investors. Some of the most promising areas in Gurugram include Sector 37 D, Sector 71, Dwarka Expressway, sector 84 and Southern Peripheral Road having a variety of housing options available and forthcoming for the mid-income and premium segment housing. As we embrace these insights, it’s clear that Gurugram is poised for dynamic evolution, offering unparalleled opportunities for visionary development.”

Another industry stalwart, Whiteland Corporation, has made its mark on the Gurugram real estate landscape with its iconic luxury project, The ASPEN, a premium project located in Sector 76.

Speaking about market dynamics, Mr. Pankaj Pal, Managing Director, Whiteland Corporation stated, “The data confirms our findings on the ground. The Magic Bricks Propindex (JFM 2024) has strengthened our confidence in Gurugram’s real estate sector. The spike in demand, particularly along the Dwarka Expressway, demonstrates an increasing preference for luxury living experiences. Going by the year-on-year data, we are confident that the discerning homebuyer in Gurugram is now more aspirational and is looking to invest in premium properties that match global standards and provide world-class amenities. Therefore, we are confident that Gurugram is well poised to emerge as the most sought-after real estate destination in the years to come”.

Looking ahead at bright future horizons, Gurugram’s real estate industry is riding high on the waves of transition, with the Dwarka Expressway developing as a hub of development and investment.

Vipin Sharma, Founder & Chairman, Aarize Group, “In the wake of the completion of the Dwarka Expressway and the forthcoming enhancements in connectivity infrastructure such as the Southern Peripheral Road, Golf Course Extension Road, and the Metro Rail project, Gurugram’s real estate sector stands at the threshold of transformative growth. As revealed by the latest Magic Bricks Propindex Report, this milestone not only signifies the construction of a roadway but heralds a new era of urban living. Some of the most promising sectors due to its excellent connectivity, especially in the SPR region, Sector like 69, 71, 72 & 76 are attracting buyers. With heightened demand and improved connectivity promising newfound convenience, Gurugram emerges as a real estate powerhouse poised for unprecedented development and investment potential.”

As leading world-class developers continue to redefine urban living, the city’s skyline is set to evolve, offering unparalleled opportunities for investors and homebuyers seeking premium living experiences. With infrastructure advancements and strategic connectivity, Gurugram’s journey towards becoming a global city of tomorrow has only just begun.

Strategic Connectivity: Dwarka Expressway’s Proximity to Major Employment Hubs

The Dwarka Expressway not only offers strategic access to Delhi but also boasts proximity to major employment centers and essential services, sparking unprecedented demand from both developers and customers alike. Magic Bricks Propindex data underscores a considerable year-on-year increase in both ready-to-move (RTM) and under-construction (UC) homes along the Dwarka Expressway, with statistics surging by 36% and 25%, respectively, over the past five years, indicative of its volume impact. This surge in demand translates into substantial property appreciation, presenting lucrative opportunities for early investors.

“The completion of the Dwarka Expressway ushers in a new era of urban living. According to the latest Propindex Report, 3 BHK homes hold 54% market share in Gurugram, with mid-sized units (1,250 – 2,000 sq ft) in high demand at 42%. Buyers show a preference for luxury residences priced above INR 10,000 per sq ft, averaging INR 14,200 per sq ft for properties with three bedrooms or more. This highlights a clear distinction in pricing and amenities between standard and luxury segments, reflecting evolving lifestyle preferences.” Mr. Santosh Agarwal, Executive Director and CFO, Alphacorp