2, Dec 2023
NMDC’s Show of Strength, Best Ever Production Upto Nov’23
| November 2023 | November 2022 | Growth | Upto November 2023 | Upto November 2022 | Growth | |
| Production
(In MnT) |
3.83 | 3.61 | 6% | 27.31 | 23.32 | 17.11% |
| Sales
(In MnT) |
3.79 | 3.04 | 24.7% | 27.78 | 22.49 | 23.55% |
Hyderabad, 2 December 2023: Mining giant NMDC delivers its best-ever November month performance in company history, producing 3.83 MnT and selling 3.79 MnT of iron ore in November 2023. With these figures, the company recorded a 6% growth in production and a 24.7% upswing in sales over CPLY.
Continuing to deliver exceptional volumes, NMDC’s cumulative iron ore production has now touched 27.31 MnT and cumulative sales stand at 27.78 MnT up to November 2023. A stellar growth year for NMDC, this is the company’s highest-ever cumulative production and sales up to November 2023. Over CPLY, the cumulative production is 17.11% higher while sales have grown by 23.55%.
Speaking on NMDC’s booming volumes, Shri Amitava Mukherjee, CMD (Additional Charge) said, “NMDC’s performances month after month signal a future where the company stands at the forefront of transformation in the mining sector. We are targeting not only a volume shift but preparing for a paradigm shift in how we conduct business to go from owning 1/6th to more than a quarter of the domestic market share by 2030.”
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- By Rabindra
2, Dec 2023
Vedanta Aluminium organizes masterclass to boost innovation within global extrusion industry
New Delhi, 2nd, December 2023 – Vedanta Aluminium, India’s largest aluminium producer, has hosted its third technical masterclass, focusing on enhancing innovation and efficiency within the extrusion industry. The session, titled ‘The Metallurgy of Extrusion’, drew nearly 200 participants globally, including registrations from the USA, UK, Switzerland, Saudi Arabia, Italy, Spain, Mexico, Qatar, UAE, Greece, Portugal, Belgium, and India.
Mr. Jonathan Pangborn, a globally acclaimed extrusion expert and Technical Advisor on Billet Extrusion for Vedanta Aluminium, led the masterclass. This is the latest in the company’s bouquet of offerings for customers, including new product development, new application development, market development, technical knowledge sharing, and much more.
Vedanta Aluminium is India’s leading producer and exporter of top-quality billets, offering a wide range of choices, including the 1xxx, 3xxx, and 6xxx alloy series, to the global extrusion industry, tailored to their needs. With a production capacity of 580 kt per annum, the company’s billets are manufactured using world-class technology from Wagstaff, Inc. (US) and Hertwich Engineering GmbH (Austria).
Previously, the company launched a special range of High-Speed Billets that can improve extrusion speeds by at least 25% with zero compromises in the strength of the extruded profile. Attesting to their high quality and sustainable provenance, Vedanta Aluminium’s products are the first in the country to be verified as environmentally sustainable by the Environment Product Declaration (EPD) International and also certified for quality by the Bureau of Indian Standards. Additionally, its aluminium smelter and captive power plant in Jharsuguda has been certified against the Aluminium Stewardship Initative (ASI) Performance Standard.
Extrusion is a vital manufacturing process for shaping aluminium into various forms with uniform cross-sections and a crucial step in aluminium’s journey towards powering several important applications in today’s world. The masterclass serves as an informational cornerstone for Vedanta Aluminium’s customers, providing insights into the intricate process of extrusion.
By delving into alloy chemistry, temperature control design, process enhancements, and more, the session equipped participants with crucial knowledge about extrusion. Understanding these details empowers customers to leverage aluminium extrusion more effectively, enhancing their product quality and operational efficiency. This technical expertise aids in developing innovative solutions tailored to their specific industry needs, positioning Vedanta Aluminium’s clients at the forefront of advancements in the extrusion industry.
Highlighting the company’s sharp focus on ensuring customer delight, Mr. John Slaven, CEO, Vedanta Aluminium, said, “Catering to our customers’ dynamic needs is at the core of Vedanta Aluminium’s business approach. Our pursuit of excellence in aluminium production is matched by our dedication to delivering unparalleled value to our customers. In addition to continuous product improvement, high-quality manufacturing, and customer empowerment, we also strive to elevate industry standards through technical partnerships, knowledge sharing, and continuous learning opportunities.”
Reflecting on the universal applications of aluminium, Mr. Jonathan Pangborn, Technical Advisor – Extrusion, Vedanta Aluminium, said, “I see aluminium extrusion as a pivotal element in our modern lives, seamlessly incorporated into most of our gadgets, vehicles, and living spaces. As we strive towards creating a sustainable future, the continuous advancement of aluminium applications gains even more significance, playing a key role in ongoing decarbonization initiatives across various industries. The need to share this knowledge is essential; it equips industry leaders with the means to embrace innovation and encourages a shared commitment to sustainability.”
Aluminium is the world’s second-most crucial metal today, boasting exceptional properties like a high strength-to-weight ratio, remarkable design flexibility, corrosion resistance, electrical conductivity, and perpetual recyclability. The flexibility of aluminium, combined with the adaptability of the extrusion process, not only improves product quality but also boosts productivity.
Aluminium’s capacity to be extruded into intricate shapes with precision makes it an optimal material for design applications demanding the utmost versatility from a cross-sectional perspective. This uniqueness in the aluminium extrusion industry comes with specialised requirements. Applications spanning aviation, automobiles, building & construction, infrastructure, and more necessitate extruders to master aluminium properties, ensuring both speed and top-notch quality to stay competitive.
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 world rankings for the aluminium industry, a reflection of its sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
2, Dec 2023
Aditya Birla Health Insurance Unveils Activ One
Bangalore, Dec 02, 2023: Aditya Birla Health Insurance Co. Limited (“ABHICL”), the health insurance arm of Aditya Birla Capital, India’s leading, well-diversified financial services provider, announced the launch of ‘Activ One,’ a simplified and comprehensive health insurance plan that empowers its policyholders with tailor-made solutions to meet not just their health insurance needs but also enables them to be the healthiest version of themselves.
Loaded with industry-leading features such as 100% HealthReturnsTM, Claim Protect, No Sub-Limits, Super Reload, and Super Credit, Activ One is ABHICL’s most comprehensive product yet, offering customers a one-stop-solution for their health assurance and their health insurance needs.
Commenting on the launch, Mr. Mayank Bathwal, CEO, Aditya Birla Health Insurance, said, “Activ One is a result of us being good at listening to our stakeholders – our customers, advisors, distributors and partners. Based on their inputs and insights, we developed Activ One, that addresses the needs of every consumer – across their different health or life stages, and at stages of battling chronic ailments. With seven variants built into one product, we are offering the Power of One, to all. At ABHI, our vision has always been to incentivize wellness, encouraging policyholders to embrace a healthier lifestyle and holistic well-being. Through Activ One, we want to ensure that our policyholders experience a simplified and comprehensive healthcare solution that is personalised, rewarding and worry-free.”
Activ One stands out with its wide-ranging set of built-in features, including coverage for in-patient hospitalization and pre- and post-hospitalization expenses extending up to 90 and 180 days. For the first time, Aditya Birla Health will offer coverage to live-in partners (same or opposite sex) under the policy. This apart, the policy has chronic care cover which provides Day 1 cover (zero waiting period) to people with seven chronic conditions such as Asthma, High Blood Pressure, High Cholesterol, Diabetes, Chronic Obstructive Pulmonary Disease, Obesity and Coronary Artery Disease (PTCA done prior to 1 year).
Reinforcing ABHICL’s commitment to well-being, Activ One includes the HealthReturnsTM feature, which enables policyholders to earn back their entire premium (up to 100% HealthReturns) which can be accrued on the basis of Healthy Heart Score™, the fitness assessment result and the number of Active Dayz™ recorded on a monthly basis. A customer can earn “Active Dayz™ by undertaking any prescribed fitness activities like walking 10,000 steps or undertaking regular exercise, yoga sessions, etc. Funds earned as HealthReturns™ can be used for payment of renewal premium and other non-medical expenses, out-patient expenses, etc.
With no capping on the maximum age of entry, Activ One includes optional coverage for durable equipment, second medical opinion, personal accidents, critical illnesses, and a cancer booster as well.
2, Dec 2023
Industry Trailblazers Celebrated: Winners Announced at Digital Reinvent Awards 2023
2nd, December 2023: The Digital Reinvent Awards 2023, a prestigious event that celebrates and honours outstanding achievements in the world of streaming entertainment in India concluded its 2023 edition on 1st December 2023 with a virtual event. The Awards along with a distinguished ceremony recognizing excellence in the Indian streaming entertainment industry broadcasted live on the Digital Reinvent Facebook Page.
Netflix has once again demonstrated its unparalleled prowess in the entertainment industry, as it bagged 7 Golds and 6 Silvers across diverse categories. Noteworthy victories include the gold accolades for the compelling documentary ‘The Elephant Whisperers,’ showcasing Netflix’s ability to deliver captivating narratives in the Documentary or Non-Fiction Program or Series category.
The streaming giant’s triumph in the Supporting Actress of the Year category further solidifies its standing, with Shefali Shah in ‘Darlings’ and Tillotama Shome in ‘Delhi Crime S2’ securing top honours. Netflix’s consistent excellence is highlighted in the Movie/Mini-Series category, where ‘Darlings’ and ‘Monica O My Darling’ clinch gold, reaffirming Netflix’s status as an industry leader. The total metal count stood at 13 with maximum Gold. On Top of it all, Netflix won the Platform of the Year award.
Zee Entertainment Enterprises has made a significant impact in the awards arena, securing a total of 4 gold and 4 silver awards across various categories. Zee’s adept use of influencers in ‘TVF Pitchers Season 2 Promo | Pitching to Ashneer Grover on Zee5’ earns them a silver in the Use of Influencers Using Social Media category, highlighting the strategic utilization of social media platforms.
The silver-winning entry ‘Zee Bangla Mother’s Day Campaign’ showcases Zee’s prowess in the micro video content category. Additionally, Zee Bangla’s success extends to the Digital Brand Campaign of the Year, with gold awards for both ‘IPL Combat Campaign’ and ‘Neem Phuler Modhu Launch Campaign,’ exemplifying Zee Entertainment Enterprise’s versatility and creativity in digital marketing and content creation.
Following on its heels and acing digital marketing innovations has been Amazon Prime Video winning both a gold and a silver award for the Web Series of the Year category for ‘Dahaad’ and ‘Farzi’. Other individual winners on the list were Shemaroo Entertainment, Warner Bros. Discovery, Sony Liv, White Turtle Studios, Applause Entertainment, and Promoshop.
Andy Chua, Events Director- PIM Asia commented, “Netflix and Zee Entertainment have truly outshone the competition at the Digital Reinvent Awards 2023, setting new benchmarks for excellence in the Indian streaming entertainment industry. This year’s total medal count of 13, with a remarkable dominance in Gold, solidifies Netflix’s status as an industry leader, culminating in the prestigious Platform of the Year award. Zee Entertainment Enterprises, equally deserving of accolades, showcased strategic brilliance across categories, securing 4 Golds and 4 Silvers. As we celebrate these achievements, it’s evident that the future of streaming entertainment is in the hands of trailblazers like Netflix and Zee, shaping the industry’s landscape with their creativity and dedication.”
2, Dec 2023
CNN-News18 Indian of the Year 2023 celebrates India’s brightest talents in the Youth Icon category
New Delhi | December 02, 2023: ‘CNN-News18 Indian of the Year’ (IOTY), the largest awards platform on news television, has revealed the nominees in its ‘Youth Icon’ category for this year. The platform seeks to honour young trailblazers who have emerged as influential voices among India’s youth today.
Recognizing excellence across seven categories – Entertainment, Business, Sports, Youth Icon, Rising Sports Star, Social Change, and Climate Warriors, the 13th edition of ‘CNN-News18 Indian of the Year promises to be a celebration of India’s finest achievers on the global stage.
The nominees for the Youth Icon Category encompass exceptional individuals and internet personalities who have ingrained themselves into India’s pop culture. This distinguished roster includes AP Dhillon, Kusha Kapila, Anirudh Ravichander, Ranveer Allahbadia, and Trinetra Haldar Gummaraju.
A notable figure in the global music scene, A P Dhillon seamlessly blends traditional Punjabi folk music with modern hip-hop, captivating the youth with his distinctive style. His recent release ‘With You’ garnered an astounding 37 million views on YouTube in just a month, a testament to his impactful storytelling and authentic embrace of identity.
Social media influencer and versatile artist Kusha Kapila has earned widespread acclaim for her roles in Masaba Masaba Season 2, Shilpa Shetty-starrer Sukhee, and Rhea Kapoor and Ekta Kapoor’s production ‘Thank You For Coming.’
Renowned Chennai-based composer-singer Anirudh Ravichander, celebrated for his globally popular ‘Why This Kolaveri Di,’ continues to dominate the Indian music scene. Hits like Kaavaalaa, Chaleya, and the Jawan title track have solidified his position as the anthem creator of the year, especially for Shah Rukh Khan’s fans.
A pioneer in Indian podcasting, Ranveer Allahbadia has spearheaded ‘The Ranveer Show’ on his YouTube channel ‘BeerBiceps.’ With over six million subscribers, Allahbadia’s podcasts feature some of India’s most successful individuals, contributing to meaningful conversations and thought leadership.
Karnataka’s first trans-woman doctor and a trailblazer in Indian content creation, Trinetra Haldar Gummaraju, has established a safe platform for the queer community. Her acting debut in Made in Heaven Season 2, coupled with recognition on “The Forbes 30 Under 30 Asia List 2022,” underscores her multifaceted impact.
The winner in the Youth Icon Category will be revealed at the star-studded grand finale celebrating luminaries in Indian entertainment at The Indian of the Year 2023 award ceremony.
CNN-News18 IOTY has a rich legacy of honoring exceptional talent across various fields, with past winners in the category including Allu Arjun, Neeraj Chopra, Yogi Adityanath, and Marimuthu Yoganathan.
This year, the winner selection process will combine expert judgment and public voting, with 50% of the decision-making power given to the audience and the remaining 50% entrusted to the jury.
2, Dec 2023
Qlik Leverages the power of AWS to Provide Immediate, Actionable Sustainability Through Data Analytics
LAS VEGAS/BENGALURU, India December 01, 2023 – During AWS re: Invent 2023, Qlik® articulates its vision in working with Amazon Web Services (AWS): a mission to help businesses actualize sustainability goals by fundamentally integrating sustainability into the realm of data analytics. By working with AWS, Qlik is crafting a novel pathway that is designed to harmonize technological advancement with imperative sustainability objectives.
“Data should be more than numbers and charts; it should drive sustainable action to achieve targets. By leveraging the power of AWS, we offer businesses the means to pivot from static reporting, to driving real-time, actionable sustainability strategies throughout the entire business,” says Julie Kae, VP of Sustainability and DE&I, Executive Director of Qlik.org.
1. Streamlining Data-Driven Sustainability: With Qlik’s superior data integration capabilities, businesses gain a transformative edge, enabling immediate, eco-conscious decisions that embed sustainability into every aspect of operations. A prime exemplification of this is the Marketing Event Sustainability App, utilized by Qlik itself and which runs on AWS, to meticulously measure and manage environmental, social and governance (ESG) and carbon dioxide (CO2) data for organizing carbon-neutral events.
2. Commitment to a Net-Zero Future: Qlik is committed to a sustainable future. When businesses integrate Qlik on AWS, they’re embracing advanced technology as well as an eco-responsible ethos.
3. Extending Global Impact: Qlik is making strides in addressing global challenges supporting entities like the UN Framework Convention on Climate Change (UNFCCC) in tracking milestones towards the Paris Agreement and aiding the World Health Organization (WHO) in global health security initiatives underscoring the magnitude of their global contribution.
Qlik is an AWS Advanced Tier Services Partner. This designation is a testament to the robust and integrated product offerings available, ensuring businesses have access to tools that align technology with sustainability objectives.
2, Dec 2023
Cabinet Note for National Policy on Deep Tech Startup Being Finalised by DPIIT: PSA Prof Ajay Kumar Sood
- Professor Sood, PSA Invites Industry to Partner with Government in Quantum Mission and National Research Foundation
- Lays Down Six Key Areas for Industry 4.0 & Technology Development for India Manufacturing
- FICCI Announces its 2nd Edition of Industry 4.0 Awards by Recognising 11 Best Practices in Digital Transformation Space
NEW DELHI, 02 December 2023: Addressing the 2nd edition of FICCI Industry 4.0 Awards, Professor Ajay Kumar Sood, Principal Scientific Advisor today said that a draft Cabinet note for Deep Tech Startup Policy is being prepared by DPIIT. He said that the deadline for comment on the draft policy was over and through this initiative, we are looking at significant changes in the policy for Deep tech startups. National Deep Tech Startup Policy serves as a comprehensive framework to address the challenges faced by deep tech startups and provide definitive policy interventions to enhance the ecosystem. The unveiling of the draft policy on Deep Tech Startups was a pivotal step toward fostering the growth and development of advanced technology startups, particularly in the realm of Industry 4.0. By focusing on deep tech, the policy aims to bolster innovation and R&D in sectors crucial to Industry 4.0, enabling these startups to spearhead transformative changes in manufacturing, healthcare, and beyond, added Professor Sood.
Professor Sood further said, “The Government of India recognizes the transformative potential of Industry 4.0 and is taking proactive steps to align our national policies with this new industrial paradigm. Initiatives like ‘Make in India’ and ‘Digital India’ are more than just campaigns; they are part of a strategic effort to position India as a hub of high-tech manufacturing and digital innovation. With the launching of Anusandhan National Research Foundation (ANRF) and Quantum Mission, we are investing in research and development, building bridges between academia and industry, and nurturing an environment where innovation can thrive. These initiatives are instrumental in creating the right ecosystem for Industry 4.0 to flourish in India, paving the way for a future that is both technologically advanced and economically robust.”
He also invited the industry to join hands with the government in its Quantum Mission and also in the recently established ‘Anusandhan National Research Foundation (ANRF).
Prof Sood mentioned the following key areas namely ‘Skill and Capacity Development’, ‘Encourage knowledge transfer between academia and industry; and promote technology commercialization’, ‘Strengthen Digital Public Infrastructure’, ‘Establish industry standards for interoperability and compatibility’, ‘Develop agile and adaptive regulatory frameworks’, ‘Invest in Cybersecurity’ and ‘Enhance Data Governance’ are the focus areas where concerted efforts among stakeholders is needed to boost our preparedness and to build our competitiveness towards Industry 4.0.
Mr Subhrakant Panda, President, of FICCI, mentioned that it is a pivotal moment for the Indian economy, as the nation is not only eyeing remarkable growth but is also placing a strong emphasis on sustainable, resilient, and inclusive development. Undoubtedly, technology is poised to be the driving force behind this transformative journey. Acknowledging the pivotal role of technology in this transformative journey, Mr Panda emphasized the nation’s commitment to becoming the third-largest global economy within next few years. Highlighting the remarkable achievements of India in the technology space, he spotlighted India’s success in administering the world’s largest vaccination program, with over 2 billion doses of the COVID-19 vaccine delivered seamlessly, the use of digital certificates showcased India’s technological capabilities on a global scale. He applauded the government’s proactive stance, announcing specific initiatives to promote artificial intelligence (AI). Mr Panda also appreciated the focused efforts of the maturity assessment framework by the FICCI Industry 4.0 Committee.
Mr. Suprakash Chaudhuri, Chairman, FICCI Industry 4.0 Committee and Executive VP & Country Head, Digital Industries, Siemens Ltd. mentioned that we are mindful of our government’s emphasis on ‘vocal for local’ and FICCI Industry 4.0 Committee is helping businesses search for ways to resolve the predicament through local sourcing versus global sourcing, realigning supplier networks, ramping up inventories, etc.
Mr. Rajeev Singh, Co-Chair, FICCI Industry 4.0 Committee and Partner, Deloitte said, “Today, the industry stands as a testament to the successful integration of cutting-edge technologies and advanced manufacturing processes. India has emerged as a global hub for manufacturing, attracting the interest of nations from across the globe. The strategic blend of manufacturing excellence and technological prowess has positioned India as a preferred destination for nations looking to establish a manufacturing footprint.”
Mr KG Chandrasekhar, Co-Chair, FICCI Industry 4.0 Committee and Senior Vice President, of SAP Labs India said, “Special focus on emerging technologies, sustainability and operational excellence, underscores the pivotal role that Industry 4.0 technologies play in not only driving economic growth and competitiveness but also in shaping a future that is environmentally sustainable.”
2, Dec 2023
Nano Aerpod: India’s First Personal Air Purifier Addresses Air Pollution Concerns
Nano Aerpod, designed with the understanding that clean air is fundamental for human well-being, targets a diverse range of consumers, including commuters, outdoor enthusiasts, and individuals in industries facing high pollution levels. Founded in 2021 during the height of the COVID-19 pandemic, FLH Kleanair And Klean Energy, was born out of a commitment to address the vital link between clean air and human sustainability. Witnessing the global crisis firsthand, the founders resolved to create a platform dedicated to clean air solutions. Nano Aerpod marks the first-of-its-kind consumer Personal Air Purifying Respirator (PAPR) developed and manufactured in India, setting the stage for future advancements.
Clean air, a basic human necessity, contributes to enhanced overall health.
Nano Aerpod’s efficient medical grade HEPA filters, guarantees the removal of harmful particles, allergens, and pollutants, thereby promoting respiratory well-being. Breathing purified air has been linked to improved cardiovascular health, reduced respiratory issues, and heightened cognitive function.
FLH, with a vision for a cleaner and healthier future, is not stopping at Nano Aerpod.
The company is gearing up to launch four more consumer products, including India’s first personal air purifier helmets for riders and cyclists. These innovative helmets cater to a wide spectrum of industries such as mining, chemical, pharma, construction, welding, and fabrication. In a strategic collaboration with IIT, FLH is currently in the R&D stage for high-altitude and plateau applications, targeting Defence and Civil Defence Purposes.
Nano Aerpod marks the first-of-its-kind consumer Personal Air Purifying Respirator (PAPR) developed and manufactured in India, setting the stage for future advancements.
Targeted Applications:
Nano Aerpod is designed for versatile applications, catering to both indoor and outdoor environments. Its efficacy extends to industries and manufacturing units, chemical and fertilizer industries, individuals with respiratory complaints, traffic police, Toll Operators, Civil defence, hospitals, mining fields, construction sites, nucleic acid sampling stations, pharmaceutical and clean rooms, ensuring clean air in diverse settings.
Key Features and Advantages:
Wearable & Personal: Nano Aerpod is a HEPA-filter-equipped wearable device providing optimal protection against viruses and bacteria.
Advanced Filtration: H13 filter with a filtration efficiency of 99.9%, surpassing N95 mask standards.
Long-lasting: Rechargeable batteries ensure extended use, with easy sterilization for added convenience.
Comfortable Design: Engineered for comfort, the device boasts an adjustable wind speed system for personalized use.
IoT-Enabled Future Products: FLH Kleanair plans to launch a line of IoT-enabled consumer products, showcasing its commitment to continuous innovation.
Future Product Lines:
In 2023, FLH Kleanair secured incubation with IITM, reflecting its dedication to cutting-edge technology. The startup is actively working on high-altitude and plateau applications for defense purposes, currently in the R&D stage. Future product lines include personal air purifier helmets for riders, cyclists, and fitness enthusiasts who face daily exposure to polluted air.
Certifications and Standards:
Nano Aerpod holds various certifications, including ISO 9001-2015, CE, EMC (Medical grade test), Make in India, and Standardisation Testing and Quality Certification (STQC) Directorate Gov of India. It complies with IEC 60601-1 for Medical Electrical Equipment.
Nano Aerpod represents a significant leap towards a cleaner and healthier future, offering a portable and efficient solution to combat air pollution. With its innovative design and advanced features, Nano Aerpod is set to redefine personal air purification in India.
For media inquiries, please contact:
Nano Aerpod – India’s first Personal Air Purifier – Available currently in amazon.in & jiomart Pan India delivery.
FLH Kleanair And Klean Energy India Pvt Ltd
Wecare@aerpod.in
www.aerpod.in
2, Dec 2023
Mumbai property registrations surge 8% YoY in November 2023
· 9713 units registered in November 2023 against 8965 units in November 2022
· Highest registration numbers for November in the past 11 years
According to data from the Department of Registration and Stamps, Government of Maharashtra, the registration of properties in the Mumbai Municipal region rose 8% annually to 9713 units in the month of November 2023 contributing a revenue of over Rs. 711 crores to the State exchequer, against 8965 units that were registered in November last year. However, the registration numbers were less than October 2023 where 10,607 units were registered.
As per Knight Frank, the city recorded the best November registration numbers in 11 years. Of the overall registered properties in November 2023, residential units constituted 80 percent, and the remaining 20 percent constituted non-residential assets.
Here is what real estate developers have to say on these robust numbers:
Mr. Sandeep Runwal – President, NAREDCO Maharashtra
“The robust response from homebuyers during the month of Diwali indicates positive sentiments towards home ownership. The homebuyers have taken the opportunity of the best pricing and various offers provided by the developers during the festive season. Based on the leads generated during our recent HOMETHON property expo, we can certainly see a strong sales momentum till the end of this year.”Mr. Pritam Chivukula – Vice President, CREDAI-MCHI and Co-Founder & Director, Tridhaatu Realty
“The Mumbai housing market has once again seen exceptional home sales during the recent festive season. The positive market sentiments witnessed during the festive season coupled with the rise in aspirations and income levels did fuel the housing demand among homebuyers propelling home sales. We expect the housing demand to remain strong going into the New Year.”Mr. Rohan Khatau, Director, CCI Projects
“We have seen a phenomenal response from home buyers during the current festive season. There has been a realization among home buyers on the importance of home ownership. Among other areas, the western suburb is seeing a huge housing demand. This comes on the back of improved connectivity and enhanced convenience factor that is instrumental in home buyer preference towards the western suburbs of Mumbai.”Mr. Prashant Khandelwal, CEO – Agami
“We are seeing the Mumbai housing market peak in terms of home sales. The current festive season has given an impetus to this growing housing demand due to attractive pricing, discounts and home loan offers valid for the festive period only. The upgrade in infrastructure projects has improved connectivity in Mumbai and MMR region. This has excited home buyers who are now going ahead and buying their desired home in far flung suburbs which are reasonably priced and within their budget.”
2, Dec 2023
The 6th edition of the luxury interiors design show D/code 2023
Times Group announces the 6th edition of D/code, with 9 curators and collaborations with 30+ designers showcasing the future of luxury interior design
National, 02nd December 2023: India’s finest luxury interior design show, D/code 2023, a Times Group initiative is back with its 6th edition, promising a more captivating show than ever before. The event is being held on 1st & 2nd December from 11.00 am – 07.00 pm at the Dome, SVP Stadium, Mumbai. As the country’s first curated luxury interior design show, the latest edition of D/code 2023 brings a bigger and better show with 9 curators onboard along with 30+ designers, architects, artists, artisans, craftsmen, product designers, design, and students all under one roof. With the theme ‘Future,’ the show promises an intuitive, smart, and sustainable design experience, bringing the future of luxury design.
Offering an extraordinary display of luxury living, this year, the show takes it a notch higher through an experiential journey with four escape rooms such as The Design Classroom and escape rooms curated by Chandni Mathur and Nikhil Kapur, Sravanya Rao Pitte, Hameeda, and Aamir Sharma. In addition, themed installations by architect Ronak Hingarh called ‘DEEP JYOTI STAMBH’ and design students from Pearl Academy and Rachana Sansad College of Applied Art and Craft are on display. The central lounge is adorned with the work of renowned architect and artist Ashiesh Shah, whose collection 21 STAMBHS explores diverse materials – from metals to stone, wood, and more. Exchanging ideas and sparking much-needed conversation around the business of design, the show engages in power talks and panel discussions. The esteemed curators for the event include Hameeda and Aamir Sharma, Maithili Raut, Ekta and Rajiv Parekh, Annkur Khosla, Pooja Bihani, Vaishali Kamdar and Deepak Gugarii. Moreover, with over 60+ decor brands, the latest in global furniture, retail brands, home decor, art galleries, antiques, flooring,
lighting, ateliers, etc. are showcased.
Ronitaa R. Italia, Editor in Chief, of GoodHomes and Home & Design Trends, says, “It is my pleasure to bring to you the sixth edition of D/code, quite literally the country’s first and (dare I say so myself) finest curated, luxury interiors show. I consider this edition a curtain raiser to the future of design shows in our country. This time around, we’ve taken our curatorial bonds to the next level with not one or two, but nine curators. You see, the ultimate goal is to create a show that my architects and designers enjoy spending time and feel at home. And that can be achieved only when we flip the lid and make them tell us what works (and what doesn’t) for them.”
