2, Sep 2024
Yamuna Expressway Property Prices Soar: Flats Up 170%, Land Up 450% in 5 Years – Geetanjali Homestate
Greater Noida, 2nd september 2024 – Geetanjali Homestate, a leading real estate consultancy, has unveiled its latest report on property pricing trends along the Yamuna Expressway, highlighting significant growth in real estate values over the past five years. The report reveals a dramatic surge in property prices, with apartment rates escalating by 170% and land prices witnessing an astounding 450% growth in the last five years, marking the Yamuna Expressway as one of the most lucrative investment hubs in the Delhi-NCR region.
Year-on-Year Breakdown of Property Prices
The report reveals the modest beginnings of this price surge in 2019, where the average price for flats or apartments along the Yamuna Expressway ranged between Rs 2,800 – 3,000 per square foot, while land/plot prices hovered around Rs 1,200 – 1,300 per square foot. In 2020, despite the onset of the COVID-19 pandemic, there was a slight appreciation in prices, with apartments averaging between Rs 3,200 – 3,300 per square foot and land prices remaining stable at Rs 1,250 – 1,300 per square foot.
The real estate market along the Yamuna Expressway began to gain momentum in 2021, driven by the gradual return to normalcy and increased interest in suburban properties. Apartment prices rose to Rs 3,400 – 3,600 per square foot, while land prices saw a notable increase to Rs 2,000 – 2,200 per square foot. This period marked the beginning of a significant upward trajectory in property values, setting the stage for the boom in the subsequent years.
By 2022, the effects of improved infrastructure and the growing desirability of the Yamuna Expressway as a prime residential and commercial location became evident. Apartment prices surged further, reaching Rs 3,600 – 3,800 per square foot, while land prices nearly doubled to Rs 3,400 – 3,600 per square foot. This year was particularly crucial as it underscored the region’s emergence as a preferred destination for investors and homebuyers alike.
The property market along the Yamuna Expressway witnessed unprecedented growth in 2023. The average price for apartments skyrocketed to Rs 4,900 – 5,100 per square foot, while land prices soared to an impressive Rs 5,900 – 6,100 per square foot. This remarkable growth was largely attributed to several key developments, including the upcoming Jewar Airport, the expansion of the Noida International Airport, and enhanced connectivity through the Delhi-Mumbai Industrial Corridor (DMIC).
As of 2024, the report highlights that apartment prices along the Yamuna Expressway have reached an average of Rs 7,900 – 8,100 per square foot, with land prices now averaging between Rs 6,900 – 7,100 per square foot. This year-on-year surge reflects a 170% increase in apartment prices and a staggering 450% growth in land prices over the past five years, making the Yamuna Expressway one of the fastest-growing real estate corridors in India.
Builder floor prices have also shown a robust increase, with a notable 35.6% rise in just the last year and a 43.5% increase over the past three years. These numbers underscore the growing demand for residential properties in this burgeoning region.
Sunil Sisodiya, Founder of Geetanjali Homestate, commented on the findings: “The remarkable price surge along the Yamuna Expressway can be attributed to several key factors. The strategic location, coupled with the upcoming Jewar Airport and other infrastructural developments, has significantly enhanced the area’s connectivity and appeal. Additionally, the rising demand for residential and commercial spaces, fueled by the growing interest in suburban living, has driven property prices to new heights. The Yamuna Expressway is rapidly emerging as a real estate goldmine, offering substantial returns for investors.”
The report further notes that the increasing preference for spacious living, driven by the remote work culture and the desire for a better quality of life, has played a crucial role in driving demand for properties along the Yamuna Expressway. With its proximity to major urban centers, yet offering the tranquility of suburban living, the region is perfectly poised to attract homebuyers and investors seeking long-term gains.
Geetanjali Homestate’s report underscores the significant potential of the Yamuna Expressway as a prime real estate investment destination. The substantial year-on-year price appreciation across all property segments highlights the region’s growing importance in the Delhi-NCR real estate market. As infrastructural projects near completion and the region continues to develop, the Yamuna Expressway is set to remain a hotspot for real estate investments, offering promising opportunities for both residential and commercial buyers.
- 0
- By Rabindra
2, Sep 2024
Marengo Asia Hospitals Gurugram Performs Pioneering Lumbar Disc Replacement for African Patient
Gurugram: Marengo Asia Hospitals Gurugram conducted a rare and unusual spine surgery to replace the lumbar disc of an international patient from Nigeria, Africa. *This is the first time such a surgical procedure has been conducted in the city of Gurgaon. Dr Rajesh Kumar Verma, Director Orthopaedics, Joint Replacement & Spine Surgery, Marengo Asia Hospitals Gurugram*, led the surgical procedure.
The patient, *Mr. Bello, a 28-year-old Nigerian national* who had been suffering from severe lower back and leg pain due to L5-S1 disc degeneration for many years, travelled to Gurgaon to get his disc not fixed but replaced. He had sought multiple opinions abroad and in India, most suggesting L5-S1 fusion. The L5- S1 refers to specific vertebrae in the spine, spanning from the end of lumbar to the sacral region.
When the patient consulted Marengo Asia Hospitals Gurugram, he was found to be a perfect candidate for Lumbar Disc Replacement as both he and Dr Verma wanted to avoid fusion as he is young. Lumbar spine fusion surgery in young patients increases stiffness in the back and chances of revision surgery in the future. As the first spine surgeon in Gurgaon to perform this procedure, the doctor and his team aimed to restore his mobility and relieve his pain without increasing any future chances of revision spine surgery.
The Lumbar Disc deployed for replacement is a Swiss , state-of-the art scientifically designed implant to mimic the natural movement of the spine, providing a durable and flexible solution for degenerative disc disease. The surgery was successful, and the-patient experienced a complete resolution of pain and full restoration of his flexibility *the next day of the procedure*. His recovery was swift, and he returned to his daily routine with renewed energy and vitality.
Lumbar disc replacement is a revolutionary surgical procedure designed to treat chronic lower back pain caused by degenerative disc disease (DDD). Unlike traditional spinal fusion surgery, which involves fusing two vertebrae, lumbar disc replacement preserves motion at the affected spinal segment, offering patients an alternative that reduce pain and maintain mobility. Lumbar disc replacement involves an anterior approach through an incision around the belly button and the placement of two titanium plates with a high-quality mobile plastic component in between two plates. By preserving motion, lumbar disc replacement reduces the likelihood of adjacent segment degeneration, a common issue with spinal fusion, where the discs above or below the fused segment experience accelerated wear and tear. Apart from mobility preservation, lumbar disc replacement is superior to fusion and any kind of surgery done from the back side, in terms of preservation of back muscles, as the skin incision is in the front and does not involve any kind of damage to healthy bone, facet joint, ligaments, and muscles of the back.
Not all patients are suitable candidates for lumbar disc replacement. This procedure is typically recommended for younger patients up to 55 years old with one to three levels of disc degeneration. Patients with significant spinal instability, facet joint degeneration, deformity, osteoporosis, and any previous major abdominal surgery are not candidates for disc replacement. Lumbar disc replacement represents a significant advancement in the treatment of degenerative disc disease, offering patients a promising alternative to spinal fusion. By preserving motion and reducing the risk of adjacent segment degeneration, this procedure has the potential to improve the quality of life for individuals suffering from chronic lower back pain. As with any medical treatment, patients need to consult with a qualified spine specialist to determine the best course of action for their specific condition.
Lumbar disc replacement surgery is a more effective and reliable procedure than spinal fusion surgery, with a success rate of over 90%. Lumbar disc replacement once done typically lasts for ever, unlike hip and knee joint replacement which has a life of 20-25 years Some possible risks include bleeding and infection of the artificial disc and area around it . Research reveals that the number of patients undergoing cervical total disc replacement surgery in India has increased by 15–20% annually over the last five years, but lumbar disc replacement is being done at very few centres in India .India is considered a medical hub for patients seeking affordable, accessible, and efficient total disc replacement surgery.
2, Sep 2024
Deputy CM Shivakumar Assures Support to Real Estate Industry
2, Sep 2024
Air India Express Inaugurates Agartala as Its 46th Destination; Launched Five New Routes
2-September-2024, National: Air India Express has expanded its rapidly growing network by adding Agartala, the capital city of Tripura, as its 32nd domestic destination. The airline launched daily direct flights from Agartala to Guwahati and Kolkata on Sunday, offering convenient one-stop connections to eight domestic destinations, including Delhi. Additionally, Air India Express inaugurated new routes from Hyderabad to Guwahati, Bengaluru to Vijayawada, and Bengaluru to Indore, all commencing on the same day.
Agartala:
Air India Express operates 14 weekly flights from Agartala, providing daily direct services to Guwahati and Kolkata. The airline also offers convenient one-stop connections to Bhubaneswar, Bengaluru, Chennai, Delhi, Hyderabad, Imphal, Jaipur, and Kochi.
Guwahati:
Air India Express operates 77 weekly flights from Guwahati, offering direct connections to eight destinations: Agartala, Bengaluru, Chennai, Delhi, Hyderabad, Imphal, Jaipur, and Kolkata. The airline also provides one-stop connectivity to 20 domestic destinations, including Ayodhya, Goa, and Kozhikode, and to four international destinations: Bahrain, Dammam, Singapore, and Sharjah.
Kolkata:
Air India Express operates 124 weekly flights from Kolkata, connecting directly to 12 destinations, including Bhubaneswar, Bengaluru, Kochi, Guwahati, Hyderabad, Imphal, Bagdogra, Jaipur, Chennai, Surat, and Varanasi. The airline also offers connectivity to 22 one-stop destinations, such as Abu Dhabi, Kozhikode, Kannur, Doha, Dubai, Lucknow, Kuwait, Thiruvananthapuram, and Gwalior.
Hyderabad:
Air India Express operates 187 weekly flights from Hyderabad, connecting directly to 18 domestic and three international destinations, including Amritsar, Bagdogra, Bengaluru, Bhubaneswar, Chennai, Dammam, Goa, Guwahati, Jaipur, Jeddah, Kochi, Kolkata, Lucknow, Mumbai, Riyadh, Srinagar, Surat, Thiruvananthapuram, Varanasi, Vijayawada, and Visakhapatnam. The airline also provides one-stop connections to 10 domestic destinations, such as Agartala, Ayodhya, and Gwalior, and nine international destinations, including Abu Dhabi, Bahrain, Dubai, Kuwait, Muscat, Salalah, Sharjah, and Singapore.
Bengaluru:
Air India Express operates 376 weekly flights from Bengaluru, connecting directly to 24 domestic destinations, such as Ayodhya, Bagdogra, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Kozhikode, Lucknow, Mangaluru, Mumbai, Pune, Ranchi, Surat, Thiruvananthapuram, Varanasi, Vijayawada, and Visakhapatnam, and to Abu Dhabi internationally. Additionally, the airline provides one-stop connectivity to six domestic destinations, such as Agartala, Imphal, and Srinagar, and 12 international destinations, including Al Ain, Bahrain, Dammam, Doha, Dubai, Jeddah, Kuwait, Muscat, Riyadh, Salalah, Sharjah, and Singapore.
Indore:
Air India Express operates flights from Indore, offering direct connections to three destinations: Bengaluru, Hyderabad, and Sharjah. The airline also provides one-stop connectivity to 18 destinations, such as Ayodhya, Bagdogra, Bhubaneswar, Goa, Gwalior, Jaipur, Kochi, Kolkata, Kozhikode, Lucknow, Mangaluru, Mumbai, Pune, Srinagar, Thiruvananthapuram, Varanasi, and Visakhapatnam, and to Jeddah internationally.
Vijayawada:
Air India Express operates 16 weekly departures from Vijayawada, offering direct connections to Bengaluru, Hyderabad, and Sharjah in United Arab Emirates. The airline also provides convenient one-stop itineraries to 18 domestic destinations, including Ayodhya, Bagdogra, Bhubaneswar, Chennai, Delhi, Goa, Gwalior, Jaipur, Kochi, Kolkata, Kozhikode, Lucknow, Mumbai, Pune, Srinagar, Thiruvananthapuram, Varanasi, and Visakhapatnam, as well as one international destination, Jeddah.
31, Aug 2024
Itc Hotels to Manage Madhya Pradesh’s Heritage Destination – lunera Ki Sarai in Mandu
New Delhi, 31st August 2024: ITC Hotels recently signed a management agreement with Bhopal based Lunera Castle Resort & Spa, for a landmark property under brand Welcomhotel in Mandu, Madhya Pradesh. Welcomhotel Mandu – the refreshed avatar of the heritage destination ‘Lunera ki Sarai’ pays tribute to the ancient fort city of Mandu celebrated for its architecture.
With this signing, ITC’s Hotel Group will have nearly 540 keys in Madhya Pradesh. This includes two operating WelcomHeritage properties in Pench, Pachmarhi and three Welcomhotels in pipeline at Jabalpur, Gwalior and Bhopal.
Welcomhotel Mandu will feature 94 rooms, an all-day dining restaurant, a specialty restaurant, meeting spaces, spa and swimming pool.
Mandu, also known as Mandav, is an ancient fort city in the central Indian state of Madhya Pradesh. Surrounded by stone walls dotted with darwazas (gateways), Mandu is known for its rich history, architectural marvels, and romantic legends, making it a popular destination for tourists, history buffs, art and design enthusiasts.
A short 2-hour drive from Indore, the erstwhile Lunera ki Sarai is set to emerge as a popular tourist destination.
Speaking on the occasion, Anil Chadha, Chief Executive, ITC Hotels said, “We are honoured to have been entrusted with the legacy of Lunera ki Sarai. Historical context dates this ‘sarai’ located along the trade routes in 16-17th century back to 400 years. It is indeed a very special project. Brand Welcomhotel looks forward to reviving the glory of Lunera ki Sarai by enabling memorable experiences at this heritage resort.
Pankaj Phulwani, Director, Lunera Castle Resort and Spa said, ITC Hotels expertise in hospitality is well established. We have no doubt that through their acclaimed service standards upheld by their competitive talent this resort will shine brighter and will elevate Mandu to one of Madhya Pradesh’s favourite tourist destination. Given the enriching experiences that Brand Welcomhotel is known for, we are sure that this fort-style resort against the Sarai’s heritage backdrop will be a big draw for travellers.”
Welcomhotel by ITC Hotels is a collection of upper upscale hotels. With an endeavour to provide immersive and enriching experiences from curated journeys that enhance leisure trips, to those that help maximize the efficiency of business stays, at Welcomhotel every effort is made to add value to the new-age traveller. Present in locations ranging from hills to beaches, and deserts to cities, the properties skilfully blend together local aesthetics and modern-day comforts along with ITC Hotels’ renowned culinary expertise. At the heart of everything at Welcomhotel, lies the thought of ‘enrichment’. It is this vision that helps enrich the lives of the guests, the community, and our hotel associates through integrated efforts and holistic initiatives.
31, Aug 2024
Orchids The International School Celebrates Ganesh Utsav with Eco-Friendly Shado Mati Ganesh Idol Making Workshop
Pune, August 31, 2024: With the upcoming Ganesh Chaturthi festival, Orchids The International School‘s Tathawade Campus in Pune brought together students from Grades 6 to 10 for a unique and creative experience – an Eco-friendly Shado Mati Ganesh Idol Making Workshop. This engaging session was designed to unlock the artistic potential of our young learners, while instilling valuable lessons in sustainability and environmental responsibility.
As the children immersed themselves in idol making with Shado Mati, a natural and biodegradable material, the students delighted in the process of creating charming and beautiful Ganeshas. With the guidance from skilled facilitators, they learned the art of eco-friendly clay modeling, shaping their own Ganesha idols symbolizing the message of hope, and harmony.
Expressing thoughts on the Eco-friendly Ganesh Idol making workshop, Ms. Usha Murthy, Principal at Tathawade campus, Orchids The International School said, “Through this interactive workshop, the aim was to foster teamwork, creativity, and building a deeper connection with nature. By motivating our students to think imaginatively and collaborate effectively, we aspire to inspire a new generation of eco-conscious leaders poised to make a positive impact on our world.”
The eco-friendly Shado Mati Ganesh Idol Making Workshop aimed to instill environmental responsibility and promote sustainable practices among the young Orchidians. This initiative by Orchids The International School demonstrated its commitment to fostering life skills and enhancing eco-awareness in its students.
31, Aug 2024
India’s Q1 GDP Growth Reflects Resilience Amid Challenges
By-Dr. Vikas V. Gupta, CEO & Chief Investment Strategist, OmniScience Capital
“India’s GDP growth for the quarter ending June 2024 registered at 6.7%, slightly below expectations. While this indicates a modest slowdown, the underlying data remains encouraging, with strong growth in private consumption and a notable rise in investment activity. The slowdown is primarily due to a high base effect, adverse weather conditions, and restrictions on activities during the general elections, likely leading to the lowest levels of government and private sector spending during this period.
Looking ahead, we anticipate GDP growth to closely align with our estimate of 7% or higher, underscoring the resilience and recovery of the Indian economy. This growth, driven by robust consumption, investment, and favorable government policies, is particularly encouraging amid global economic uncertainties and the lingering effects of the pandemic. The manufacturing and services sectors have shown strong momentum, reflecting the success of structural reforms and pent-up demand. However, it is crucial to focus on sustainable growth drivers such as infrastructure development, digital transformation, and green energy initiatives to sustain this upward trajectory. The current data strengthens our optimistic outlook for the Indian economy while highlighting the need for vigilance against potential global and domestic challenges. Overall, this is a positive signal for investors, indicating ongoing opportunities for long-term wealth creation in sectors like renewable energy, power, cleantech, data centers, fintech, and banking.”
31, Aug 2024
Zoomcar Pioneers AI Innovation: Unveils Beta AI Assistant to Enhance Host and Guest Experience
Bangalore, India – [31 August, 2024] – Zoomcar, Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”), the NASDAQ-listed leading marketplace for self-drive car sharing, is thrilled to announce the beta launch of our cutting-edge Generative AI (Gen AI) Assistant, now available to select Hosts. This AI assistant is designed to provide 24/7 support, guiding Hosts through every step of their journey, from seamless onboarding to understanding the platform and safety of their vehicles, and also maximizing their earnings.
Becoming a car-sharing Host is still a novel concept in India, and many potential Hosts have numerous questions before they attach their cars to the platform. Traditionally, this process has required significant one-on-one interaction, which, while effective, is logistically challenging. With the introduction of the Gen AI assistant, Zoomcar aims to bridge this gap by offering a scalable, always-on solution that assists Hosts with onboarding, answers their queries, and provides valuable insights.
Hiroshi Nishijima, CEO of Zoomcar said “Our business model is unique and involves a complex product and process, particularly for onboarding Hosts. We’re excited to introduce this first-of-its-kind GenAI assistant, which we have customized and trained to ease the process for both Hosts and Guests. This is a significant step forward in enhancing the overall experience on our platform.”
The AI assistant will continue to evolve, becoming smarter at each stage. In the coming months, it will transform into a personal assistant for Hosts, helping them grow their earnings. Zoomcar also plans to introduce a similar GenAI assistant for Guests, offering personalized, curated suggestions for selecting the most suitable vehicle for their trips based on their needs. This assistant will also provide comprehensive summaries of the last few bookings and the experience of previous guests.
“We are committed to investing the majority of our engineering resources into developing GenAI-based products this year. Our focus is on making onboarding easier for Hosts and speeding up decision-making for Guests. This is just the beginning of what we have in store,” added Vishal Ramrakhyani, Head of Engineering at Zoomcar.
Zoomcar is leading the way in leveraging AI technology to enhance the car-sharing experience for both Hosts and Guests, setting a new standard for the industry.
31, Aug 2024
On National Sports Day, Bank of Baroda launches Sab Mein Hai Khiladi Campaign
Chandigarh, August 31, 2024: On the occasion of National Sports Day, Bank of Baroda (Bank), one of India’s leading public sector banks, is undertaking various sports, fitness and environmental activities such as walkathons, group sports competitions and tree plantation drives across the country to promote a healthier, more active, and environmentally conscious community. Bank today also launched the “Sab Mein Hai Khiladi” campaign to recognise and celebrate the athletic and sportsmanship spirit that resides within every employee of the Bank. India celebrates National Sports Day on August 29 every year, commemorating the birth anniversary of hockey legend Major Dhyan Chand.
The Sab Mein Hai Khiladi campaign features three of India’s well-known athletes and Bank of Baroda’s endorsers: badminton legend PV Sindhu, cricket star Shafali Verma and rising tennis player Sumit Nagal. These three sporting stars took centre stage together with Bank of Baroda’s own athletes. The Bank currently has 50 employees who are sportspersons and who are an integral part of the campaign. As a part of the campaign, the Bank organised several sporting activities for employees such as table tennis, basketball, cycling, arm wrestling etc with employees earning points. The campaign also included a fitness challenge and a sports-themed trivia contest with the top winners getting an exclusive meet-and-greet session with their sporting idols as well as some exciting prizes.
Shri Sanjay Vinayak Mudaliar, Executive Director, Bank of Baroda said, “On National Sports Day, we wish to share the message that the spirit of a ‘khiladi’ resides in all of us. In addition to helping us stay both physically and mentally fit and active, sports teaches us many lessons – it teaches us the importance of hard work, perseverance, integrity, teamwork and sportsmanship. Values that are important both on and off the field. This National Sports Day, Bank of Baroda is rekindling the champion within us all.”
31, Aug 2024
SBI unveils its first co-lending CPC
Chandigarh, August 31, 2024: Shree. Surender Rana DMD (ASF), SBI inaugurated State Bank of India’s first co-lending CPC at Nariman Point, Mumbai. The CPC is a dedicated unit for co-lending business of NBFCs.
The inauguration ceremony witnessed the presence of SBI dignitaries, Shree. Shantanu Pendsey CGM (ABU & GSS) and Smt. Salila Pande CGM MMR. Other dignitaries from the corporate centre and NBFC teams of NIDO Home Finance and Ugro Capital Ltd. were present as well.
The inauguration of co-lending CPC is a step towards demonstrating SBI’s commitment to growing its co-lending book with a focus on safety and sustainability.
This commitment is in line with SBI’s ongoing efforts to support MSMEs and the under-served population where the bank has made significant strides in FY24. To strengthen support to MSMEs having little or no access to formal credit, SBI has entered into a co-lending agreement with 9 NBFCs. Further, to dedicatedly continue reaching out to the unserved and under-served populace, the bank has signed MoUs with 23 NBFCs/HFCs under co-lending model.
The inauguration of the co-lending CPC reflects SBI’s determination to grow the co-lending book in a safe way and reiterates the bank’s dedication towards welfare of MSMEs and under-served population.
