12, Nov 2024
Udai Omni Hospital turns 50
Hyderabad, November 12th, 2024…..UDAI OMNI Hospital Turns 50. It celebrates the Golden Jubilee Celebrations. A small Clinic started in the by-lanes of King Koti by Dr Ved Prakash in 1974 now becomes a 150 bedded hospital.
Addressing a press conference on this milestone achievement the 91-year-old Dr Ved Prakash, founder of the hospital said the erstwhile Udai Clinic, an orthopaedic hospital is now a multi-speciality hospital. It played an instrumental role in the development of specialist healthcare in the twin cities of Hyderabad and Secunderabad.
Among its most notable accomplishments, the hospital performs over 250 (two hundred and fifty) surgeries per month, while treating over 1 (one) lakh outpatients per year.
Dr Ved Prakash who is now 91 years old still practices, at least two hours a day. He is probably the oldest practicing doctor in India.
Dr Ved Prakash has a medical practice spanning over 60 years. A specialist in Orthopaedic and General Surgery. He was the President AP State Chapter of the Indian Orthopaedic Association. He is now supervising or performing over 500 surgeries a year at UDAI OMNI Clinic.
The real god for us is the patient in our hospital and not doctors, Dr Ved Prakash said. We try to avoid surgeries as much as possible, he added. Life’s aim shouldn’t be just to make money. A hospital is not a means to make money. Serve with care, he added.
We are the most ethical hospital. No one can be more ethical than us said Dr Raghava Dutt Mulukutla, Chief of Spine Surgery. Doctors are not gods. They are human beings. Please do take a second opinion. It is your fundamental right, he said.
Speaking about spine surgery in India, Dr Raghava Dutt Mulukutla, Director and Chief of Spine Surgery at Udai Omni Hospital and Apollo Health City who in last served as the President of the Association of Spine Surgeons of India (ASSI) and the Orthopaedic Association of South Indian States (OASIS) said Indian Spine Surgery reached great heights. We have 400 spine surgeons in India which is very good, he said.
Replying to a question if they had any expansion plans, Dr Udai Prakash – Joint Replacement Surgeon and Sports Injury Specialist, the son of Dr Ved Prakash said that they don’t have any such expansion plans.
Dr Raghava Dutt said the best of the best hospitals in the world remain as single units and we don’t believe in expansion and dilution of services. It is better to have a world-class than expand and dilute he said
Good surgeon not who operates well but the one who knows how not to operate but treats and offers relief, they added. Surgery has to be the last option. We do partial knee replacement so there is no need to replace the knee fully. Certain conditions can be treated with a partial replacement, Dr Udai Prakash said.
Udai Clinic joined hands with Incor’s Omni Group of Hospitals in the recent past he shared.
Dr Dutt’s work is now featured in an IIT medical study. Contributing its fair share to the development of medical tourism in the city, the hospital treated patients from all over the country as, well as international patients hailing from Somalia, Yemen, Sudan, Kenya, Iraq, UAE, USA, Australia, and many other territories.
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- By Rabindra
8, Nov 2024
Child Care Aware Hosts Live2Lead Event to Foster Leadership in Child Care and Beyond
Nonprofit presents the fifth annual leadership development simulcast through February.
(St. Louis, Mo., Nov. 8, 2024) Child Care Aware of Missouri (CCAMO) recently announced its fifth annual Live2Lead event, an online simulcast developed by John Maxwell Enterprises that features renowned industry experts sharing personal development and leadership growth principles.
The Live2Lead rebroadcast brings together leadership expert John C. Maxwell, life coach and motivational speaker Valorie Burton, comedic thought leader and actor Michael Jr., founding partner of the Maxwell Leadership Certified Team Chris Robinson, and 17-time bestselling author and keynote speaker Jon Gordon.
The Live2Lead series, which will be accessible both virtually and in-person through February, caters to businesses of all types and sizes looking to enhance their leadership skills. Participants at the face-to-face event watch the online simulcast and engage in group discussions and team-building activities that foster an environment of inspiration and motivation.
“This annual event creates leadership opportunities and improved communication by empowering employees who are seeking growth and change,” said CCAMO CEO Robin Phillips. “Live2Lead adds value to individuals interested in embracing strategic triumphs by becoming more resilient leaders.” Phillips added that “each member of CCAMO’s leadership team is a Certified John Maxwell Leader, having completed a program that teaches skills in leadership development, coaching, speaking, and training.”
Pictured is a roundtable discussion led by CCAMO’s Director of Scholarships Amanda Schwartz. The recent in-person Live2Lead event was held for the St. Louis nonprofit Youth in Need and its nearly 150 staff.
Founded in 1999, Child Care Aware of Missouri is a statewide nonprofit that focuses on a comprehensive early childhood education experience through impactful programs and partnerships. The organization’s services include workforce development, child care business supports, advocacy and policy work, and its new Child Care Keeps Missouri Working, a regional campaign offering concierge solutions to businesses undergoing employee recruitment and retention challenges due to the overwhelming shortage of quality child care options. For more information about holding a Live2Lead event, call (314) 535-1458 or visit www.mochildcareaware.org.
5, Nov 2024
Empowering Lives through Innovation: OPAI Advocates for Policy Recognition of Prosthetics and Orthotics in India
New Delhi, November 5th, 2024: On International Prosthetics and Orthotics Day, the Delhi Chapter of the Orthotics and Prosthetics Association of India (OPAI) hosted a 1-Day Conclave at Hindi Bhawan to emphasize the transformative role of prosthetics and orthotics in empowering people with disabilities. The event advocated for stronger policy-level recognition of prosthetics and orthotics (P&O) expertise in government decision-making, including in the Paralympic selection process.
Shri Rajesh Aggarwal, Secretary, Department of Empowerment of Persons with Disabilities, Ministry of Social Justice & Empowerment, highlighted the importance of reliable data for understanding disabilities in India, noting that over 95% of registered cases involve 40% or more disability, as per UDID data. “The government is making district-wise data on 21 types of disabilities available for public use, helping drive informed solutions,” he shared. Mr. Aggarwal also outlined efforts to streamline assistive technology distribution, aiming to reduce prosthetic fitment time from 45 days to just 7 days, and to ensure that services are accessible within 100 km for all individuals. He further added, “With India expressing formal interest to host the Olympics and Paralympics in 2036, there is an even greater need to enhance our support systems for para-athletes and bring advanced prosthetic and orthotic care to the forefront.”
Shri Agendra Kumar, Secretary of OPAI Delhi Chapter and Organizing Secretary for IPOD 2024, underscored the need for policy inclusion, stating, “Our professionals play a crucial role in the lives of those they serve. Policy support is essential to our mission of making rehabilitation and mobility accessible to all. There is an urgent need for the insurance sector to include prosthetic and orthotic services, and P&O professionals must be involved at all levels of para-sports.”
Shri Rajesh Das, President of OPAI Delhi, added, “Our work in prosthetics and orthotics restores dignity and independence. With strong government policies and affordable ‘Make in India’ solutions, we can ensure everyone has access to essential care. Together, we are transforming lives.”
Shambhu Kumar Yadav, Vice President of OPAI Delhi, echoed the sentiment: “Prosthetic and orthotic professionals are essential to India’s healthcare framework. Their work empowers individuals and brings dignity through mobility.”
Treasurer Shri Tapas Behera noted, “IPOD 2024 shines a light on the critical role P&O professionals play. By integrating these services into government schemes, we can expand our reach and impact.”
Dr. M C Das National President of OPAI, remarked, “IPOD 2024 is a milestone event in our journey to integrate prosthetic and orthotic care into government schemes, ensuring no one is left behind. This platform amplifies our commitment to accessible, high-quality care and reinforces the vital role P&O professionals play in both healthcare and para-sports.”
The event underscored OPAI’s commitment to advancing inclusion, collaboration, and innovation in rehabilitation services, ensuring every individual can live a life of dignity and independence.
5, Nov 2024
GCCA India joins hands with Xynteo’s Build Ahead coalition to decarbonise India’s construction sector
Mumbai, November 05th, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced the signing of a Memorandum of Understanding (MoU), marking GCCA India’s partnership with Xynteo’s Build Ahead coalition. This landmark agreement aims to accelerate the decarbonization of India’s construction sector through increased use of low-carbon cement and concrete.
The two-year partnership will leverage GCCA India’s expertise in the cement and concrete industry alongside the collective efforts of the Build Ahead coalition. The partnership will kick off with a critical green taxonomy and emission thresholds development exercise for cement and concrete. This foundational work will help shape policy for the production and use of low-carbon cement in India, addressing the urgent need for nation-specific definitions and standards. It will also provide several key benefits, enabling both short- and long-term innovations in the cement and concrete industry while determining how definitions and thresholds for ‘green’ cement and concrete will evolve over time, as well as creating inclusive definitions that encourage manufacturers across the emission spectrum to take action and consider the impact of future technologies.
Mr. Deepak Khetrapal – Managing Director – Orient Cement and Co-Chair of GCCA India, said
“The reduction of clinker factor and the increasing use of supplementary cementitious materials (SCMs) in cement manufacturing is an important decarbonisation lever for the industry. Developing an India-specific definition for ‘low-carbon’ or ‘Green’ cement and concrete is the need of the hour, and it is crucial for the development of a net zero CO2 roadmap for the Indian cement and concrete industry. It is essential to develop India-specific low-carbon cement and concrete taxonomy and emission intensity thresholds that align with the Indian cement & concrete Industry.
We are glad that collaborating with Xynteo and the Build Ahead coalition, which includes prominent companies in the building and construction space, will help develop green public procurement guidelines for the transition towards low or near-zero emission products, leverage transition financing for activities that will drive emission reduction and the commitment to reach net zero CO2 by 2070 in India”.
Speaking at the occasion, Suman Jagdev, Partner at Xynteo & Programme Director of Build Ahead, said, “We are excited to welcome GCCA India as a key partner of the Build Ahead coalition. Starting with the development of a green taxonomy for cement and concrete, this collaboration will mark a significant step towards realising our vision of a sustainable built environment in India. By combining Xynteo’s expertise in driving systemic change with GCCA India’s deep industry knowledge, we are poised to make substantial progress in reducing the carbon footprint of India’s construction sector.”
Thomas Guillot, the Chief Executive of the Global Cement and Concrete Association, which works closely with GCCA India, applauded the signing of the MoU.
“India plays a significant role in our global industry’s decarbonisation journey. Delivering on the net zero aspirations of India’s cement industry needs supportive policies from its government, as well as the inclusion of the cement value chain. Primary amongst these is low carbon procurement. To this end, GCCA has published, and will formally launch at COP29, global definitions for low carbon and near zero cement and concrete to align with the Clean Energy Ministerial’s Industrial Deep Decarbonisation initiative (IDDI), which is co-chaired by the Indian government. These definitions are designed to be adopted by member countries, adapted to suit local practice and for targets at the state level to be overlaid on them. We look forward to working with our GCCA members and Build Ahead to develop this work.”
Beyond taxonomy development, the partnership will also focus on:
1. Joint engagement with government and multilateral organizations on partnerships for energy transition and industrial decarbonization.
2. Sharing of research findings and technical inputs to develop industry narratives for low-carbon building materials.
3. Exploration of demonstration projects for sustainable construction practices.
This partnership comes at a crucial time as India continues to urbanize rapidly, making sustainable construction practices more important than ever. The collaboration between GCCA India and Build Ahead is expected to play a pivotal role in shaping policies and practices that will drive the adoption of low-carbon building materials across the Indian construction value chain.
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.
4, Nov 2024
LM Wind Power and United Way Bengaluru (UWBe) Join Hands to Revitalize Doddasaggere Botanical Garden through Water Conservation Initiatives
Koratagere, Tumkur District – November 04th, 2024: LM Wind Power (India) Pvt. Ltd., in partnership with United Way Bengaluru (UWBe), successfully inaugurated two water bodies in the Doddasaggere Botanical Garden, marking a major milestone in sustainable water conservation and ecosystem restoration. The ceremony, graced by leaders from LM Wind Power, UWBe, and The Department of Horticulture, Karnataka, included a traditional Bagina ritual to celebrate the filling of the ponds and the positive impact the project will have on the botanical garden.
Spanning 228 acres, Doddasaggere Botanical Garden is part of an ambitious project by the Karnataka Department of Horticulture to establish five botanical gardens in Karnataka, modelled after the iconic Lalbagh Botanical Garden in Bengaluru. This biodiversity hub, now home to diverse bird and reptile species and lakhs of trees and plants, previously relied heavily on borewells for its water needs. The creation of the new pond and the restoration of the existing one have made the garden self-sufficient, storing an impressive 4.5 crore Liters of rainwater to support year-round irrigation and biodiversity sustenance.
“Being part of this transformative project at Doddasaggere Botanical Garden is a meaningful step in our commitment to sustainability. Together with United Way Bengaluru and the Horticulture Department, we have created water resources that will nurture this green space for years to come. It’s rewarding to know that our collaboration is contributing to Karnataka’s environmental heritage, and we look forward to more such initiatives that make a lasting difference for both nature and the community “said Rajesh Lobo, Executive – Senior Plant Director, LM Wind Power
“We extend our heartfelt gratitude to LM Wind Power and United Way Bengaluru for their remarkable dedication in restoring waterbodies at Doddasaggere Botanical Garden. Their partnership has revitalized essential water resources and aligns with our mission to develop sustainable green spaces that support biodiversity. This project exemplifies the power of public-private collaboration in advancing environmental conservation, and we are eager to see more such initiatives that contribute lasting benefits to Karnataka’s ecological heritage.” – Said Dr. M. Jagadesh, Joint Director, Horticulture Department, Lalbagh Botanical Garden, Bengaluru
“Our enduring partnership with LM Wind Power and the Horticulture Department has empowered us to develop impactful, sustainable solutions for local communities. The successful restoration of ponds at Doddasaggere Botanical Garden showcases the incredible results we can achieve through collaboration. We are thrilled to see our shared vision materialize and are eager to continue our journey together, embarking on many more initiatives that benefit both the environment and the communities we serve” said Rajesh Krishan, CEO, United Way of Bengaluru.
About United Way Bengaluru (UWBe)
UWBe, part of United Way Worldwide, is an NGO focused on social issues that seek immediate and long-term attention. As an organization, UWBe believes in “mobilizing the caring power of the communities.” The chapter catalyses unified efforts from corporates, civic bodies, and citizen associations to bring about visible change. The organization works in four key areas – Environment, Education, Healthcare, and Livelihood. Currently, UWBe is implementing four flagship campaigns that serve important purposes: ‘Wake the Lake’ works to protect Bengaluru’s lakes, ‘One Billion Drops’ aims at conserving rainwater through percolation pits, ‘Born Learning’ helps provide nutrition and education to very young children and ‘Rural Rising’ aims to develop and empower the rural communities. Besides, Covid relief work is another key area where the organization is helping healthcare institutions, healthcare professionals, and other organizations working towards Covid relief. For more information,
https://www.uwbengaluru.org.
About LM Wind power
www.lmwindpower.com
LM Wind Power, a GE Vernova business, is an industry-leading developer and manufacturer of high-quality rotor blades for onshore and offshore wind turbines with blade services solutions and a global manufacturing footprint, headquartered in Denmark. LM Wind Power has produced over 270,000 blades since 1978, corresponding to 152 GW installed capacity and mitigation of 332 million metric tons of CO2 emission. As part of its sustainability journey, LM Wind Power became the first carbon-neutral company in the wind industry in 2018
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.
28, Oct 2024
MRF Tyredrome Opens In Mumbai
MRF, the leading Tyre Manufacturer in India, is excited to announce the grand opening of its one-of-a-kind showroom and customer service center, The MRF Tyredrome, located at Poonam Chambers, Worli, Mumbai on 27th October 2024.
This state-of-the-art facility will provide customers with world-class tyre and wheel care services, designed to enhance vehicle performance, safety and longevity.
The Tyredrome is manned by MRF trained engineers and technicians who operate the finest precision equipment necessary for the delivery of the best in wheel care services, along with expert guidance in maintenance services, all in a welcoming and comfortable environment for customers.
The machines and equipment used at the Tyredrome are imported from leading global manufacturers, and are the best available in the country.
Services offered include – Robotic Wheel Alignment, Diagnostic Wheel Balancing, Vehicle Safety Test Lane, Electronic Headlight Alignment, A/C Recovery and Recharging, Specialized Two-Wheeler Tyre Services, and Tubeless Tyre Repair. With an extensive range of MRF tyres to choose from, customers can find the perfect replacement tyres for their vehicle.
At the inauguration of the Tyredrome, Mr. K. M. Mammen, Chairman and Managing Director of MRF Ltd. stated, “We are thrilled to launch the Tyredrome in Mumbai, bringing Asia’s finest tyre and wheel care service to the city. For over three decades, we have been delighting customers with an unparalleled experience at our Tyredromes in other cities, and we are now looking forward to offering the same level of service and satisfaction to our customers in Mumbai.”
For more information, visit www.mrftyres.com/services/tyredrome, call us at 022-4802-3550 or email us at tyredrome.mumbai@mrfmail.com
26, Oct 2024
Syntel by Arvind Unveils NEOS TeleStar IP PBX System in Mumbai and Delhi: A Revolutionary Leap in Unified Communications
Mumbai, India – October 26th, 2024 – Syntel by Arvind, a leader in next-generation communication solutions, proudly announced the launch of its innovative NEOS TeleStar IP PBX system during an exclusive event at The Orchid Hotel in Mumbai on 15th October 2024, followed by launch in Delhi on 18th October 2024 at Crowne Plaza, marking a significant milestone in the evolution of business communications.
The NEOS TeleStar is a state-of-the-art IP PBX system tailored to meet the demands of modern businesses. It offers a robust, scalable, and feature-rich solution that seamlessly integrates traditional and VoIP telephony. With scalability ranging from 16 to 670 ports (IP + TDM), NEOS TeleStar is designed to grow alongside businesses, ensuring seamless connectivity and enhanced communication efficiency.
Key Features of NEOS TeleStar:
● Expansion Capacity: Supports 16 to 670 ports (IP + TDM).
● Web-based Programming Interface: Enables remote system configuration and monitoring, minimizing downtime.
● Security: Enhanced with AES-256 bit encryption and TLS/sRTP for secure communications.
● Advanced Functionality: Includes inbuilt voice logger, voicemail, auto-attendant, conferencing, and call routing.
● Seamless Communication Clusters: Connects up to 127 systems over IP for centralized management across multiple locations.
● High Storage Capacity: Capable of storing up to 12,000 minutes of recordings.
The launch of NEOS TeleStar has bought industry leaders and partners together giving them a firsthand experience on how NEOS TeleStar is set to revolutionize business communications. Commenting on the launch Mr. Paresh Shetty, CEO of Syntel by Arvind says “NEOS TeleStar represents a new era of Unified Communications. With its future-proof design, NEOS TeleStar is positioned to meet the evolving needs of businesses in today’s fast-paced environment. It empowers businesses to enhance productivity, reduce costs, and streamline communication processes.”
About Syntel by Arvind
Syntel by Arvind is part of Arvind Limited, one of India’s most respected conglomerates, with over 30 years of experience in Enterprise Telephony and Unified Communication solutions. The company has a strong presence in Enterprise Communication, Network Infrastructure, Audio-Visual System Integration, and Security & Surveillance solutions.
