30, Nov 2023
Covestro (India) Launches the Food Security Platform to Address and Reduce Postharvest Losses for Farmers.

Chennai, November 30, 2023 Covestro (India), a pioneering high-tech polymer materials manufacturer, has initiated a significant venture aimed at combatting postharvest losses prevalent in India’s horticulture and fisheries sector. The company unveiled the groundbreaking Covestro Food Security Platform on November 22nd, 2023, during a hybrid event held at the ITC Grand Chola in Chennai. This digital platform marks a collective effort bringing together government authorities, industry leaders, and farmers with the mission of empowering farmers through innovative postharvest technologies, thereby minimizing losses and augmenting the value of agricultural produce.

 Over the last decade, Covestro (India) has dedicated its efforts to a social transformation project under Inclusive Business, with the Food Security vertical being its inaugural pillar. Through this initiative, the team has spearheaded the installation of advanced solutions such as greenhouses for drying and cultivation, solar conduction dryers, solar cold stores, and the promotion of portable cold boxes. The Covestro Food Security Platform serves as a comprehensive resource hub, providing farmers with access to tools and knowledge to enhance postharvest processes, ultimately prolonging the shelf life of their produce.

 The platform facilitates farmer connectivity, enabling the exchange of insights on available technologies and facilitating supply-demand interactions. Additionally, it showcases produce that has undergone advanced post-harvest management techniques like solar drying and temperature-controlled preservation.

 India’s horticulture and fisheries sectors collectively encounter an average postharvest loss of 15- 20%, leading to increased CO2 emissions and missed opportunities for value addition. Covestro responds to this challenge by introducing cutting-edge technologies and establishing a virtual platform to encourage widespread adoption. The integration of digitalization and modern technologies is pivotal in ensuring farmers receive equitable returns for their efforts, and the Covestro Food Security Platform stands as a significant stride towards achieving this at scale.

 Speaking from his office, Shri. K Lakshminarayanan, Hon’ble Minister for Public Works, Fisheries, and Fisherman Welfare, Pondicherry, commended Covestro for its solutions, acknowledging their positive impact on both farmers and the fishing community. Shri. M. R. K. Panneerselvam, Hon’ble Minister of Agriculture, Tamil Nadu, through a message expressed support for the platform’s concept, recognizing its potential to address wastage issues and enhance farmers’ income.

 Mr. Anand Srinivasan, Managing Director, Covestro (India) Private Limited, emphasized the Food Security Platform as a testament to the global mission of Covestro: To make the world a brighter place. “We aim to foster innovation and growth through products, technologies, and partnerships that benefit society while minimizing environmental impact. I am confident the Food Security Platform will significantly add value to the hard work of our farmers.”

 The launch event witnessed active participation from key stakeholders. Shri Chiranjiv Choudhary, Secretary to the Government of Andhra Pradesh Food Processing Industries and Commerce Department, emphasized the importance of collaboration within the agriculture value chain. Ms. Alina Gumpert, Director of the German Agribusiness Alliance (GAA), highlighted the enduring collaboration between GAA and Covestro, emphasizing the significance of postharvest loss mitigation for transforming the agriculture system.

 Representatives from the farming community and market linkage fraternity shared their experiences and insights. Mr. Ajeethan, Managing Director of Thottiyam Banana Producer Company, Trichy, illustrated the benefits of utilizing the greenhouse drier, showcasing how it has contributed to the development of his brand, Madhur Fruits. Mr. Prasanna, Co-founder & Director of Finance, at MangoPoint, a provider of value-added mangoes, stressed the importance of accessing the right market and the potential for increased earnings through dehydrated products.

 The event culminated in an interactive session between the audience and the Covestro team, featuring a live demonstration of the app’s features and potential benefits to farmers.

 Covestro, committed to a fully circular vision and investments in Inclusive Business, has already implemented 4000+ solutions across India, positively impacting over 5 lakh people. Mr. B. Veeralakshmanan, Head – of Inclusive Business, Indian Sub-Continent & ASEAN, affirmed, “The Covestro Food Security Platform is not solely a technological innovation; it symbolizes our commitment to building a resilient, sustainable, and inclusive future for India’s agricultural community.”

30, Nov 2023
Spectrum Metro Mall Leases Space to 8 Leading Brands, Emerges as Noida’s Leisure Hub

Spectrum Metro, the sprawling commercial complex in Noida, announces the addition of eight exciting brands to its vibrant mall, solidifying its position as the region’s premier shopping and lifestyle destination. The new brands include Brill – Dry Fruits, Malhotra Jewellers, Caratlane, Shree (Ethnic Wears), Rosia (Derma Clinic and Health Centre), Nino’s, Casa Decor, and Mata Mal (Kashmiri Cuisine).

“We are thrilled to present Spectrum Metro as a one-of-a-kind retail and lifestyle destination in Noida. With its strategic location, exceptional connectivity, and impressive line-up of brands, we aim to provide a vibrant and convenient shopping experience to our discerning patrons. Its vast catchment area has led Spectrum Metro to emerge as a preferred destination for the country’s leading brands,” said Ajendra Singh, Vice President (Sales and Marketing) at, Spectrum Metro.

Spectrum Metro’s existing line-up of brands includes Reliance, Max, Spar, Dutchman Port, Mia, Bluestone, Lavie, Taneira, Looks Salon, Gamme, Baskin Robbins, and many more, ensuring a diverse and captivating shopping experience for visitors.

Strategically located in the heart of Central Noida, next to the Blue and Aqua lines of the Metro network and easy access to the Noida Expressway, Spectrum Metro boasts excellent connectivity and offers high RoI. Spectrum Metro offers outstanding connectivity to Noida, Greater Noida, and Delhi. The project spans 15 acres and features a four-side open high street design, creating unparalleled visibility and a wide frontage.

30, Nov 2023
Rhythm Resort Kumarakom: A Symphony of Love and Luxury in South India

Kerala, 30th November 2023: Nestled in the serene embrace of Kumarakom, Rhythm Resort stands as the quintessential destination for couples seeking the perfect blend of love and luxury on their wedding day. With its enchanting backdrops, world-class amenities, and unparalleled hospitality, Rhythm Kumarakom emerges as the unrivaled choice for those dreaming of a South Indian wedding that transcends expectations.

Setting the Stage for Elegance:

Rhythm Kumarakom unfolds like a dream, with its lush landscapes and shimmering backwaters providing an idyllic canvas for couples to paint their love story. From the enchanting gardens to the panoramic views, every corner of the resort is meticulously designed to exude an air of timeless elegance.

Venues that Capture the Heart:

The resort offers a selection of enchanting venues, each tailored to create a unique atmosphere for your special day. Whether it’s a vibrant poolside celebration or an intimate exchange of vows overlooking the backwaters of Vembanad, Rhythm Kumarakom provides the perfect stage for every wedding vision.

Culinary Delights to Savor:

Our culinary team, renowned for its mastery, crafts menus that delight every palate. From traditional delicacies to contemporary cuisine, the resort ensures that every wedding feast is a celebration of flavors and a reflection of the couple’s unique taste. We also offer pure Jain dining options to guests who look for the same.

Legacy of Opulence:

Patrons from across India have chosen Rhythm Kumarakom as their preferred wedding haven. The resort’s legacy is built upon a union of opulence and personalized service, creating cherished memories that linger long after the vows are exchanged. Every wedding at Rhythm Kumarakom is a testament to the seamless fusion of grandeur and warmth.

30, Nov 2023
Datamatics Earns Prestigious “Forbes Asia Best Under A Billion Award 2023”

Mumbai, 30th November 2023 – Datamatics is thrilled to announce its recent recognition with the esteemed “Forbes Asia Best Under A Billion Award 2023”. The prestigious award ceremony concluded on November 21, 2023, at the Conrad Manila in Manila, Philippines.

Lumina Datamatics Logo

 Datamatics Global Services, along with its group company Lumina Datamatics, has consistently delivered outstanding results, reflecting a commitment to excellence and innovation in the competitive landscape around the world.

 Forbes Asia’s Best Under A Billion list showcases the top 1% of 20,000 listed companies in Asia with annual sales under $1 billion that have demonstrated exceptional corporate performance through a combination of quantitative and qualitative metrics, marking them as a truly select group.

 Mr. Sameer L. Kanodia, Managing Director & C.E.O., Lumina Datamatics and Director at Datamatics, while accepting the award at the ceremony held in Manila, Philippines, expressed “We take pride and are honored to receive the Forbes Asia Best Under A Billion Award 2023. This award is a reflection of our relentless pursuit of corporate excellence. I take this opportunity to thank all our stakeholders, including our fellow employees, customers, and shareholders for being an integral part of our growth journey.”

30, Nov 2023
Italian Delights to Asian Flavours: All Saints Launches a Tempting Multicuisine Menu

Mumbai, November 30th: Brace yourselves, Mumbai! All Saints, the culinary maestro in the heart of Khar, is about to redefine your dining experience with a new menu that’s nothing short of a gastronomic carnival!

All Saints’ latest menu is an explosion of flavours, where every bite is a passport to a culinary adventure. This new culinary journey is a testament to the best of multi-cuisine, a harmonious fusion that transcends borders and celebrates the rich tapestry of global flavours.

All Saints 1

Ketul Parikh, co-owner of All Saints, states that “we believe in constantly evolving, and the new menu is a testament to our commitment to innovation and the pursuit of culinary excellence. It’s not just about offering a variety of dishes; it’s about creating a culinary narrative that reflects our dedication to keeping our patrons excited, engaged, and continuously delighted with fresh, vibrant flavours.”

Say hello to salads that dance on your taste buds, from the refreshing Classic Saints Watermelon Salad to the bold Tuna Nicoise Salad with its lemony zing. Hold on to your taste buds as the Open Toast section takes you on a rollercoaster of flavours! Mutabal Focaccia and Ceviche Avocado Toast are not just dishes; they’re bursts of ecstasy on sourdough. Pizza lovers, rejoice! The new menu boasts creations like the Burrata de Buffala and the Truffle Cream & Wild Mushroom masterpiece. It’s not just a pizza; it’s a slice of heaven.

But wait, there’s more! The Wild Mushroom Truffle Bao and Salmon Ponzu are your tickets to an Asian flavour fiesta. Sushi enthusiasts, buckle up! Crunchy Vegetable Maki and Rainbow Maki are not just rolls; they’re bites of bliss that’ll make your taste buds dance. The Small Plates section is a carnival of delights, with Butter Poached Crispy Potato and Wings Factory adding a dash of thrill to your culinary journey. Pasta & Risotto? It’s not just a dish; it’s an art form at All Saints. Tortellini Al Fungi Italy and the Make Your Own Pasta experience are like personalised love letters to your taste buds. Large Plates take you on a joyride with the Medley of Mushroom Stroganoff and the Seafood Platter with Lemon Chilli Butter – a feast fit for royalty. XO Fried Rice and Udon Noodles are your tickets to a flavour-packed adventure. And now, the sweet finale! Sin Bowl of Joy and Baked Cheesecake with Seasonal Fruits – desserts so divine they’ll make your heart skip a beat.

Gaurav Parikh, co-owner of All Saints, goes on to add that“our latest menu at All Saints is a celebration of shared enthusiasm and a commitment to elevate your dining experience. With each new dish, we invite you to join us in the excitement of culinary exploration, where every bite is an adventure waiting to be savoured.”

So stop by All Saints and indulge in the magic of their new multi-cuisine menu, where every bite tells a story, and every meal is an exploration of extraordinary flavours that leave an indelible mark on your palate

30, Nov 2023
Elevate Your Child’s World with Thoughtfully Designed Furniture and Accessories!

Creating the right ambiance for your kids’ room is not Child’s play. Sourcing the right decor elements for the room that mesmerizes your child can be a daunting task. Smartsters the Mumbai-based kids home decor brand offers perfect solutions for all the decor needs. With a deep understanding of the needs of growing children, from age 3 onward, through the teenage years, and until they are fully grown adults. Smartsters aims to facilitate problem-solving skills, enhance language abilities, and strengthen the imagination.

furniture

 Smartsters has a large range of innovatively designed, child-safe products such as beds and bunks, study tables, storage units, tables, chairs, mattresses, bedsheets, comforters, cushions, lamps, and more.

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 “At Smartsters, we create furniture and decor products designed for kids. Smartsters is a labour of love—the result of a deeply empathetic approach to childhood. Home is where our children spend the most time. The design of children’s indoor spaces plays an important role in their overall development. When designed well, children’s furniture and decor can spark curiosity and imagination, enable concentration, help children channel their energies, and self-regulate their emotions. At Smartsters, our mission is to support the holistic development of children and equip homes for happy, free-thinking, wondrous childhoods!” says Bikram Mittra, Design Head at Smartsters.

“I realized there was a gap in the market for functional yet thoughtfully designed furniture in the kids segment that was well-priced. Our goal at Smartsters therefore is to serve parents and provide them with well-designed decor, furniture, furnishings, and bedding items under one roof through Smartsters so as to make their lives easier and
provide their children with a healthy and playful environment to grow up in,” says Ashni Biyani, founder and director of Think9 Consumers, a co-creation platform that launched Smartsters.

There are three design pillars that form the very foundation of Smartsters.

1. Involves telling stories through their products
2. Strong design fundamentals such as perfect proportions and geometric flow
3. High ergonomics that are designed around a growing child, factoring in reach,
height, as well as comfort.

Besides this, Smartsters incorporates the required safety standards into each product; for example, all of their products have rounded edges to prevent injury.

30, Nov 2023
PhonePe’s Indus Appstore powers up, onboards major game developers
  •  MPL, Dream11, Nazara Technologies, A23, RummyCulture, RummyTime, Junglee
    Rummy, Rummy Passion CardBaazi, Taj Rummy, and more have partnered with the Indus Appstore
  •   Zero In-app Commissions and Localized Reach: Game-Changing Features Excite Developers

National, November 30, 2023: PhonePe’s Indus Appstore, India’s very own Android-based mobile app store, announces the onboarding of leading game developers, revolutionizing the gaming experience for users across the nation.

 In a groundbreaking move Dream11, Nazara Technologies, A23, MPL, Junglee Rummy, Taj Rummy, Rummy Passion, RummyCulture, RummyTime, and CardBaazi have partnered with the Indus Appstore.

 This partnership promises to enhance the gaming experience for millions of users, providing a diverse range of quality games that align with Indus Appstore’s commitment to diversity and innovation.

 PhonePe’s Indus Appstore’s commitment to supporting developers is highlighted by the zero commissions on in-app payments, a stark contrast to other app stores charging hefty fees ranging from 15-30%. This revolutionary move empowers developers to focus on crafting immersive gaming experiences without financial constraints. Additionally, the platform’s localization feature ensures that these games can now reach every corner of India, offering content in the language of the user’s choice.

 Speaking on the partnership Akash Dongre, Co-founder of Indus Appstore, said “We are thrilled to welcome these gaming giants to the Indus Appstore family. Their expertise and commitment to delivering top-notch gaming experiences align seamlessly with our vision. Together, we look forward to crafting the next growth story in the Indian gaming industry.”

 Partner Quotes

 ● Sunit Warraich (CEO), CardBaazi: “With Indus Appstore, we’re set to redefine the card gaming sphere, providing not just entertainment but a commitment to fair and rewarding interactions for players. With Cardbaazi’s immersive gameplay and Indus Appstore’s supportive environment, we’re excited to offer an unmatched card gaming escapade, enriched by zero commission on in-app purchases, fostering a community passionate about fair play and
enjoyment.”

 ● Manish Shrivastava (VP Marketing), MPL: “Being a platform that has an enviable roster of games, MPL’s aim is to make gaming accessible to people all across the country, giving users the opportunity to play games of skill that they’d want. Partnering with Indus Appstore will help us reach out to the India we are building for.”

 ● Amandeep Singh (CMO), Rummy Passion: “We are looking forward to scale our product, Rummy Passion, on the Indus Appstore and are eager to explore the significant growth opportunity that awaits us. Indus Appstore’s India-based Support Team stands out, offering real-time and dedicated support—an invaluable resource ensuring seamless user experience. We believe this partnership will help us drive widespread user product adoption and engagement.”

 ● Pratik Sahu(AVP Marketing), Gameskraft: “Partnering with Indus Appstore will open avenues to reach the newer audience for Gameskraft. Their ingenious video-led app discovery experience will help spark a significant wave of awareness for our apps. We are looking forward to being part of India’s first appstore and reaching a wider audience.”

 ● Sudhir Kamath(COO), Nazara Technologies: “Our dedication to bringing diverse gaming experiences to players across different platforms aligns perfectly with Indus Appstore’s vision of empowering users with a variety of quality apps. We’re thrilled to join this innovative platform,  further expanding our reach and offering our engaging games to a broader audience.”

 ● Bhanuchander B (Head of Marketing), Taj Rummy: “Indus Appstore’s distinctive advantage of Localized App Listing resonates deeply with us—it’s a bridge to connect with Bharat by embracing their language and culture. This tailored approach amplifies our reach, offering a more personalized gaming experience. Together with Indus Appstore, we’re poised to elevate the joy of rummy gaming, ensuring our platform resonates authentically with diverse audiences.”

 ● Sudarshan (Senior Director, Acquisition), A23: “We’re thrilled to join forces with Indus Appstore and are excited about unleashing our gaming experiences to a broader audience. With targeted advertising solutions, we’re poised to reach the right users, engage effectively, and drive conversions. Join us in this exciting journey as we captivate audiences and elevate the gaming experience with Indus Appstore’s tailored advertising solutions”

30, Nov 2023
FinEdge crosses 1000 crore of Asset under Management

India, November 30th, 2023: FinEdge, India’s leading tech-enabled investment management company has achieved a major milestone of managing over 1000 crores of goal-based investments for its 18,000 clients spread across 1800 cities in the country. This significant milestone marks a testament to FinEdge’s innovative bionic business model and proprietary tech-led Dreams into Action Investing platform. Since its inception, FinEdge has pioneered the use of technology and human expertise and has established itself as the world’s first wealth tech company to introduce Bionic investing.

Speaking on the achievement, Mr. Harsh Gahlaut, CEO, FinEdge said, We have used the last few years to develop our tech platform and software to provide exceptional value to our clients. Along with this 1000 crore milestone, we have completed the design and development of all our tech tools and are now looking at scaling up with an aim to onboard 1,00,000 clients over the next few years. The combination of cutting-edge technology and investment experts to not only manage investments but also investment behavior is unique and ensures that we create a generation of better investors.

 

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Mayank Bhatnagar, Co-Founder & COO of FinEdge, highlighted the company’s unique value proposition, stating“Our bionic business model has been exceptionally well received by our clients, reflected in the recommendations and referrals we get. Over the next 5 years, we aim to get to 1,00,000 clients from the current 18,000.”

Industry Recognition and Support

Several industry stalwarts came together to congratulate FinEdge on the momentous milestone of achieving 1,000 crores of AUM.

  • Nilesh Shah, Managing Director, Kotak AMC: “The company’s ‘Dreams into Action’ platform is another feather in their cap. It revolutionizes the investment process, making it accessible and interactive. Coupled with their top-notch team that provides hyper-customized financial solutions, they set an example for others in the industry,”
  • Kalpen Parekh, MD at DSP Investment Managers“FinEdge has achieved this by bringing a human touch in their interactions with investors around things that matter to consumers – their objectives & life purpose, their dreams, their anxieties and how money and right investing can help them achieve their goals.”
  • Radhika Gupta, Managing Director & CEO of Edelweiss Mutual Fund: By consistently prioritizing their clients and providing investment platforms that cater to individual financial goals, FinEdge empowers people to achieve their aspirations.  As we celebrate this remarkable milestone together, it serves as a reminder that the road to success is paved with vision, hard work, and an unwavering commitment to delivering exceptional value. Your ambitious goal of surpassing 1 Lac Cr AuM in the next decade is truly exciting, and we are eager to continue providing our support at every step of your journey”.

 The Future of FinEdge: Creating a Generation of Better Investors

FinEdge’s future plans revolve around achieving client-centricity with technology and people being key enablers. The company aims to scale up to 100,000 clients by 2028 with Assets under Management (AUM) at 10,000 crores. Additionally, the founders remain committed to a scalable, conflict-free business model aligned with their core purpose.

Over this long journey, the organization needs to ensure that our beliefs are aligned with our clients, and we leverage our proprietary technology platforms and our investment managers to ensure that our clients create wealth by staying invested. Investing resilience is not easy, it requires exceptional processes, products, purpose, and investing experts to customize investment solutions so that investors can meet their financial goals. FinEdge is perhaps the only tech-led investing platform that encompasses all of these enablers that empower investors to reach their goals”, added Gahlaut.

 Mayank Bhatnagar concluded, “We at FinEdge are extremely proud of our client-centric values. Our motto, people before products, reflects our core values. As an organization, we don’t have any product, revenue, or sales targets to protect what we believe in. We look forward to the next 10 years with excitement and anticipation.”

Democratizing Investing and Addressing Key Industry Challenges

FinEdge aims to democratize investing and address significant challenges faced by the masses, such as the ‘recommendation trap,’ the scale vs. relationship paradox, and conflicts of interest in robo-advisory platforms. The company’s goal-based investment strategies focus on aligning clients with their objectives, ensuring a holistic and personalized wealth management experience. Despite being a completely digital platform, FinEdge places great importance on nurturing relationships and providing guidance to investors throughout their journey. The company emphasizes investing resilience to combat issues like the ‘recommendation trap’ and investor return disparities.

30, Nov 2023
Radware Report Finds the Downtime Cost of an Application DDoS Attack Averages $6,130 Per Minute
  • 31% of organizations experience DDoS attacks on a weekly basis
  •  46% of organizations see web application attacks on a daily or weekly basis
  •  66% of organizations would not be very surprised if their APIs were breached tomorrow

 NEW DELHI, India / MAHWAH, N.J., – November 30, 2023

Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today released its new report, Application Security in a Multi-Cloud World 2023. The survey, which was conducted with Osterman Research, reveals the escalation of threats against web applications and increased security concerns about hybrid cloud infrastructures and API usage. At the same time, organizations struggle with low levels of security preparedness.

KEY FINDINGS

Frequency of Application Attacks Rise

 The report reveals a surge in the frequency of bot, application, API, and DDoS attacks against applications over the past 12 months. During the past year, application attacks have become the most frequently occurring attack on a daily basis, jumping from 4% in 2022 to 23% in 2023.

  • Almost half of organizations (46%) experience web application attacks daily or weekly.
  •  Nearly one-third (31%) of organizations face DDoS attacks weekly.
  •  Downtime due to a successful application DDoS attack costs organizations an average of $6,130 per minute.

Lack of Confidence Plagues Increased API Usage

While the use of internally developed and third-party APIs may be inextricably tied to core business processes, outcomes, and thus measures of business success, they are also a cause for anxiety for most organizations.

  • More than 87% of organizations report they are developing and using more APIs as an essential element of their modern application strategy. Yet, nearly three out of four respondents (74%) lack confidence that their internally developed APIs are protected against security threats that lead to unauthorized data access, exposure of application logic, and data breaches.
  •   Nearly all organizations (99%) make extensive use of third-party APIs or code, with 68% using more than 11 third-party APIs for each web application. Despite widespread usage, 64% of respondents would not be very surprised if they experienced a supply-chain breach via third-party APIs or code tomorrow.

“Companies continue to admit to looming security challenges and struggle with a lack of readiness when it comes to protecting their applications and infrastructure,” said Haim Zelikovsky, vice president of cloud security services at Radware. “Threats against applications are increasing in frequency and severity. Compounding these threats is marked concern over multi-cloud security, the weak protection of internally developed and third-party APIs, and subpar defenses against application DDoS attacks.”

Public Cloud Security Takes a Hit

Between 2022 and 2023, the survey shows a marked increase in concern over public cloud security. The inability to achieve consistent security policies surfaced as the problem that grew the most during the last year. In 2023, more than half of respondents (56%) rated inconsistent security policies a problem or extreme problem, up from 26% in 2022. Other areas respondents ranked as problems or extreme problems include:

  • Protection coverage between platforms: 61% in 2023 compared to 38% in 2022
  •  Unified visibility: 58% in 2023, up from 41% in 2022
  •  Centralized management: 46% in 2023, compared to 34% in 2022

Companies Rethink Hybrid Environments

While every organization relies on at least one public cloud platform, approximately 70% also report using private cloud services and on-premises data centers for hosting applications.

  • Almost half (46%) of organizations use all three environments in parallel, creating a complex situation where strong cross-environment administration, management, and security are essential.
  •  Despite the ongoing discussion about “the great cloud migration” and the abandonment of on-premises environments, approximately three-quarters (73%) of organizations not only still use these environments but expect usage to increase in the next 12 months.
  •  During the next 12 months, the use of public clouds for hosting applications is expected to consolidate around one or two public clouds.

Methodology

 The survey includes responses from senior DevOps and DevSecOps administrators, application and cloud security architects, senior network security administrators, and vice presidents of research and development, among other security roles. It was conducted in 10 countries across the Americas, APAC, EMEA, and LATAM.

30, Nov 2023
Comment on Anarock Luxury Housing Report

Mr Ashwin Chadha, CEO, of India Sotheby’s International Realty

The surge in new opportunities in various sectors like global manufacturing in India, rising exports, and a robust startup ecosystem has strengthened economic momentum and contributed to wealth creation in the country.

This, in turn, has led to an increase in the number of wealthy individuals in India, with the noteworthy trend of a declining average age among billionaires. The emerging generation of young and affluent individuals are investing their wealth in ultra-luxury properties. Even celebrities like Alia Bhatt and Suhana Khan have invested in flats and farmland respectively.

Subsequently, old and traditional business families are showing a willingness to invest in expansive ultra-luxury properties, resulting in a notable uptick in both demand and transactions within this segment.

As the number of billionaires in India is projected to grow significantly, over 100% growth by 2027, the demand for ultra-luxury properties is anticipated to sustain its upward trajectory.