6, Aug 2024
Presenting Grand Hyatt Gurgaon in the Heart of Millennium City
The heart of Gurugram, the commercial hub of Delhi NCR, beats with a 5-star multi-dimensional lifestyle complex that redefines luxury: Grand Hyatt Gurgaon. Standing tall on the three pillars of luxury – height, light and space – Grand Hyatt Gurgaon. Seamlessly integrates a high street shopping centre and an impressive office tower into its grandeur, offering guests a multi-faceted experience. Grand Hyatt Gurgaon is an experience that promises to etch a lasting mark on every guest’s memory. As soon as you enter the hotel, you are greeted with a wide smile and service that is consistent with the standards set by the brand. You will find minimum signages at the hotel as the focus is on personal touch and connect with every guest. Billed as one of the Top 5 Hotels in the country for its Design & Architecture, Grand Hyatt Gurgaon stands apart because of its distinctive architecture, amenities, dining options, rooms, and commitment to environmental sustainability.
“Grand Hyatt Gurgaon is a meticulously crafted masterpiece that transcends expectations. With a commitment to excellence, our aim is to offer guests an unparalleled blend of luxury, personalised service, and a multi dimensional experience,” says General Manager Tarun Seth. He adds: “Every detail, from awe-inspiring architecture to culinary extravagance, reflects our dedication to creating lasting memories. At Grand Hyatt Gurgaon, we curate an indulgent lifestyle that sets new standards in contemporary luxury.” AWE INSPIRING DESIGN & ARCHITECTURE. A testament to the brilliance of Foster + Partners, London, the awe-inspiring architecture and sophisticated design of Grand Hyatt Gurgaon warmly welcomes its guests. The exterior of the 29- acre complex is a vibrant blend of modernity and luxury, making it a landmark in the commercial hub of Delhi NCR. As guests step inside, they are surrounded with the cutting-edge interior design curated by Tony Chi & amp; Associates, New York, a Hall of Fame awardee. The architectural design embraces a grand vision for the future, while reflecting the spirit of today. The lobby ceiling rises over 50 feet and its expansive window panels make way for natural light to amp up the space throughout the day. With a generously spacious setting, Grand Hyatt Gurgaon emerges as a truly unique hotel, setting new standards in contemporary luxury. The hotel offers an immersive experience where extraordinary design meets exceptional services. It takes cleanliness and safety to a whole new level, completely reimagining the hotel experience to prioritise the well-being and safety of every guest. With enhanced levels of cleanliness, the hotel aligns with the strict standards set by the Global Biorisk Advisory Council (GBAC), providing a secure and comfortable environment for the visitors.
LUXURY BEYOND EXPECTATIONS
Grand Hyatt Gurgaon stands as the ultimate destination for travelers seeking a spectrum of luxurious amenities. It is a multi-dimensional complex strategically located in the upcoming commercial business district in Sector 58 in close proximity to the high-end residential and retail areas of Gurugram. Well-connected and easily accessible by Golf Course Road and Sohna Road, the hotel is located on the Delhi-Gurugram-Faridabad Southern Peripheral road.Whether someone is on a business expedition or a leisurely getaway, this hotel provides a tailored and all-encompassing experience to meet every guest’s needs. It strives to provide a comprehensive and indulgent experience – high-speed internet access, on-site restaurants, fitness centers, pools, and pet-friendly accommodations. It’s the little details, like concierge assistance and meeting facilities, that make their stay smooth and indulgent at this luxurious piece of architecture.
LUXURIOUS ACCOMMODATIONS
The epitome of luxury awaits guests in the 442 meticulously designed rooms including 45 suites and 55 service apartments at Grand Hyatt Gurgaon. The rooms are set within the 430 square feet cleverly designed and divided spaces for double occupancies.The large windows in these rooms draw in natural light; the windows are wrapped in copper panels for energy efficiency. Whether visiting for business or leisure, each room is provided with an ambiance of opulence and unparalleled convenience.The rooms combine grand design with comfort, ensuring an unforgettable experience for every guest.
RECREATION AND WELLNESS HAVEN
The hotel’s second floor is specifically designed for recreation, boasting top-of-the-line amenities such as a cutting-edge fitness center, an outdoor infinity swimming pool.Furthermore, to accommodate all guests comfortably, the hotel extends its warmth and welcome to furry friends by providing facilities accommodating to pets.
COMMITMENT TO ENVIRONMENTAL ACTION
Grand Hyatt Gurgaon strives to cultivate an atmosphere of care as part of Hyatt’s worldwide program for environmental, social and governance (ESG) concerns. To decrease its effect on the environment, the hotel employs energy-smart devices like Lutron wireless switches operated by remote control and double-layered windows. Water preservation, such as bathroom fixtures that save water, demonstrates the hotel’s commitment to sustainability.
From its magnificent architecture and luxurious amenities to its diverse dining selections and dedication to environmental responsibility, the hotel provides an experience unlike any other for all guests. Grand Hyatt continues pioneering new benchmarks in high-class lodging in Delhi NCR, leveraging its legacy of skill, progress and quality customer service.
EXPANSIVE EVENT SPACES
The hotel prides itself in offering expansive event spaces that cater to various occasions. Notably among them are The Grand Ballroom and The Campus. With a sprawling area of 7,500 square feet, The Grand Ballroom stands out due to its unique feature: two live interactive kitchens which provide an extraordinary culinary experience for attending guests. On the other hand, “inspired by university living”, The Campus serves as a versatile venue suitable for private company meetings or casual gatherings like coffee breaks or parties. Grand Hyatt Gurgaon takes events to a new level with live culinary theaters in the ballroom and Culina. These provide an exciting, theatrical experience for guests during food service. Marking a significant milestone, this specific hotel in Gurgaon stands as the only Grand Hyatt in the north slated to become the largest event space spanning over 100,000 square feet. The luxury hotel in Gurgaon offers a 25,000 square feet campus with 10 modern breakout venues on the same level – unique in the entire Delhi NCR, and perfect for corporate and social events. The next phase is the launch of Grand Club Lounge where guests residing in Grand Club and suites can enjoy complimentary access. In addition, there will be a whitehall specifically designed for large exhibitions and events with a private access and parking area and a picture house, which will be a customised social event space featuring 360 projection for individual curated parties.
DINING EXTRAVAGANZA
The experience of dining at Grand Hyatt Gurgaon is elevated to new heights, as each venue speaks of its distinctive brand of hospitality. These venues redefine hospitality with a flair for the dramatic and the special. Whether it’s the elegant Parlour, the creatively themed Maison Maiya, or the laid-back yet chic Italian eatery, Cena Pranzo, guests at Grand Hyatt Gurgaon are guaranteed a one-of-a-kind culinary adventure. Maison Maiya is inspired by fantasy and illusion and presents a theatrically themed menu that combines Indian and Asian flavours. Chef Mauro Ferrari says, “Cena Pranzo embodies my love for Italy’s culinary traditions. It’s a privilege to share the simple yet profound flavors of my homeland with our guests. Each dish is a heartfelt tribute to the soul of Italy.” We had a great experience tasting the authentic Italian dishes. We tried the Cauliflower Risotto, Chilean Sea Bass which were perfectly cooked, delicately flavored, and melt in the mouth. I would personally vouch for the Tiramisu which is one of the best I have had in a long time. For those looking for a drink, Bar Musui is the place to be, with its vast selection of global libations and lively performances by jazz and blues musicians. Bar Musui, on the other hand, is a dark colonial bar with a focus on dark liquors and cigars. It is the ideal location to sit down and relax with close ones whilst enjoying the old world charm of the space. The concept of “fresh food fast” takes center stage, providing a remarkable gastronomic journey that travels beyond borders. Parlour offers a curated tea menu and an artisan coffee program for moments of relaxation. It is the heart of the hotel, a meeting space and with artisanal bakes for every occasion. Grand Hyatt Gurgaon takes its commitment to the environment a step further with its Sunday brunches. Going “beyond brunch” at Maison Maiya, each dish served at the Sunday brunches are a work of art, individually plated like an à la carte masterpiece for every guest. This innovative approach has resulted in a remarkable 50 percent reduction in wastage, setting a commendable precedent for others to follow in the pursuit of a more sustainable future in the food and beverage industry. The Sunday brunch experience was just mind blowing. The place was packed with guests but the service staff had everything served on time and took personal care of all guests. The open kitchen and personal interaction with chefs added to the whole dining experience. “Beyond Brunch, our innovative dining concept, blends the freshest ingredients for flavourful dishes. With sustainability at the core, we focus on à la minute preparation.” Tarun Seth, General Manager of Grand Hyatt Gurgaon, expresses confidence that guests will appreciate this approach to savour the flavours.“Beyond Brunch reflects our commitment to offering the freshest, high-quality produce tailored for each guest,” adds Executive Chef Mario Caramella.
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- By Rabindra
27, May 2024
Women Role Models in STEM Shine at myAvtar Career Conference, 2024
Bengaluru, May, 2024: Avtar Group, India’s leading Diversity, Equity and Inclusion (DEI) Solutions firm, hosted the myAvtar Career Conference (MACC) at Karnataka Trade Promotion Organization (KTPO), Bengaluru today.
myAvtar Career Conference (MACC), the career extravaganza brought together inclusive companies and a vast pool of women talent from the field of Science, Technology, Engineering, Mathematics (STEM) under one roof. Participating Companies included, Aditya Birla Group, Publicis Sapient, Broadridge Financial Solutions India Limited, Moody’s, Renault Nisan Tech, IBM India, Google Cloud, HDFC ERGO, ACT, AstraZeneca, Johnson & Johnson, Gallagher, Happiest Minds Technologies Limited, Stryker, Verisk, AKJ Somaiya Institute Of Management, among many others.
Tailored for Women in Science, Technology, Engineering & Mathematics (STEM), MACC offered a unique platform to connect, collaborate, and converse with like-minded professionals, industry-leading companies, and renowned experts in the industry. The conclave was an ecosystem designed to foster learning, sharing, and networking for women in the STEM field; an opportunity to explore new horizons in the STEM field, to grow personally and professionally, and to unlock a world of possibilities. The conference witnessed a large gathering of students, educators, professionals, and industry leaders who shared their knowledge, experiences, and insights.
Avtar Group also announced the winners of their inaugural “Women in STEM” Awards. This Awards recognize and celebrate the outstanding achievements of women who are making significant strides in the STEM fields. In STEM Icons 15 plus years of work experience category, Vaijayanthi Srinivasa Raghavan Senior Director, UPS India Technology Centre, Priya Kanduri, CTO, SVP – Cyber Security Services, HappiestMinds Technologies Limited, Deepti Singh, Deputy General Manager- Head of Department System Installation, Renault Nissan Tech have received top 3 awards. In STEM Divas 8-15 years of work experience category, Subbulakshmi Ramkumar, Deputy Manager, RNTBCI, Yogita Bhanwaria, Senior Manager, Biocon Biologics Limited, MuthuSusithra Devarajan, Team Manager, Broadridge Financial Solutions have received top 3 awards. In STEM Stars 2-8 years of work experience category, Nishtha Mahendru, Consultant, Applied Innovation Exchange, Capgemini, Nidhi Raut, Sr. Engineer, Renault Nissan Technology Business Centre India (RNTBCI), Indujaa Thangavel, Broadridge Financial Solutions have received top 3 awards.
“One of the key sectors that has the potential to boost women’s workforce participation, is the STEM industry. While 43%of STEM graduates are women, they make up only 28% of the STEM workforce. Moreover, women drop out of the workplace due to childbirth, childcare and elder care. Consequently, only 3 percent of women hold CEO posts in the STEM Industry. While research has established that improving women’s workforce participation can boost India’s GDP by 27%, more women in STEM would set the stage for inclusive innovation and solution designs that are equitable for all. Women have historically been underrepresented in STEM, yet they bring invaluable perspectives and ideas to these fields. MACC awards recognizes the exceptional talent, the brilliance, and diverse perspectives of women in STEM,” said Dr Saundarya Rajesh, Founder – President, Avtar Group announcing the awards at the myAvtar Career Conference today in Bengaluru.
“Through MACC, we are acknowledging the remarkable work being done by women in STEM and also addressing the systemic barriers they face. Our goal is to create an environment where every individual, regardless of gender, has the opportunity to thrive and drive progress,” added Dr Saundarya.
At the conference, three organizations with the “Best Programs for enabling women in STEM” – Biocon Biologics Pvt Ltd, Kyndryl and Molecular Connections Pvt Ltd were also recognized.
In addition to the awards, the myAvtar Career Conferences hosted a series of panel discussions, skilling tracks conducted by IBM, Google Cloud, Johnson & Johnson and Publicis Sapient exclusively for women. The event also provided a platform for knowledge exchange, mentorship, collaboration, further strengthening the presence and influence of women in the STEM field.
The conference hosted in the hybrid mode –saw an attendance of over 3000 women at the on-ground event, while there were over 2000 attendees virtually. Companies opened up jobs from entry-level to senior-level positions across India – Bengaluru, Chennai, Gurgaon, Hyderabad, Pune, Bhubaneshwar, Madurai and Coimbatore.
16, Apr 2024
Motorola Solutions signs up with Arya Omnitalk to promote professional and commercial radios
Bengaluru, 16th April 2024: Pune-headquartered Arya Omnitalk, a joint venture between two of India’s most reputed business houses, Arvind Ltd. and the JM Baxi Group, has secured an exclusive partnership with Motorola Solutions to distribute Professional and Commercial Radios in India.
Arya Omnitalk operates three business divisions, namely Shared Mobile Radio Services (SMR), GPS-based Fleet Tracking and Management Solutions, and Toll and Highway Traffic Management Systems (HTMS). Under this collaboration, Arya Omnitalk will exclusively distribute Motorola Solutions’ MOTOTRBO Portfolio of products, along with continuing to distribute Wave PTX and associated services.
A leading provider of PMRTS (Public Mobile Radio Trunking Services), CMRTS (Captive Mobile Radio Trunking Services), and Broadband Push-to-talk devices, Arya Omnitalk holds licenses to operate in 18 cities including Ahmedabad, Bengaluru, Chennai, Delhi, Indore, Kolkata, Bharuch, Navi Mumbai, Gurgaon, Noida, Mumbai, Pune, Surat, Vadodara, Visakhapatnam, Hyderabad, Kochi, and Jaipur.
These radios are specially designed for organizations operating in today’s fast-moving business environment. They allow real-time, instant communication among teams, improving coordination in fast-paced environments. It allows cross-platform compatibility and works across various devices and platforms, ensuring seamless communication between different teams and devices within the company. These radios connect teams spread across different locations and facilities. It can integrate with existing communication systems and tools, streamlining processes and enhancing overall connectivity within the company.
These radios provide secure communication channels, crucial for the industries where confidentiality and data protection are paramount. It enables swift response during emergencies or critical situations, ensuring immediate communication for rapid decision-making and crisis management.
These services cater to important sectors such as Municipal Corporations, Manufacturing, Security, Oil & Gas, Transport and Logistics, Warehousing, Educational Institutes, IT/ITeS, Hospitality, Hospitals, Embassies, Mines, and Construction.
Speaking of the occasion, Mr. Paresh Shetty, CEO, Arya Omnitalk said, “We are thrilled to announce our continued partnership with Motorola Solutions, further solidifying the trust we’ve built with the brand and customers over the years. This exclusive partnership grants us the opportunity to sell best in class products in India. Our commitment remains unwavering in delivering unmatched customer experiences, ensuring every interaction mirrors our dedication to excellence and satisfaction.”
21, Feb 2024
Minimally Invasive Cardiac Surgery: A gentle approach to Heart Health
National Heart Valve Disease Awareness Day
Dr. Udgeath Dhir, SENIOR DIRECTOR CARDIO THORACIC VASCULAR SURGERY, Fortis Hospital, Gurgaon
When it comes to matters of the heart, advances in medical science continue to bring hope and relief to those in need. One such innovation is minimally invasive cardiac surgery, a technique that offers a gentler alternative to traditional open-heart procedures.
A study carried out by the Global Health Research Institute suggests that J&K has recorded 29.6% deaths due to heart-related ailments. The study further reports that 25% of deaths occur in the age group of 25-69 years. In light of the above statistics, minimally invasive heart surgery emerges as a beacon of hope.
In minimally invasive heart surgery, the skilled hands of surgeons make small incisions in the chest, sidestepping the need to crack open the breastbone as in traditional surgeries. Through these tiny openings, surgeons can navigate between the ribs with precision, aided by a miniature camera that provides a clear view of the heart’s inner workings.
This approach is versatile, lending itself to the treatment of various heart conditions including coronary bypass, valve surgery, repairing holes in the heart, and even addressing heart tumors such as myxomas. What sets minimally invasive surgery apart is not just the smaller scars it leaves behind, discreetly tucked below the breast, but also the reduced pain and swifter recovery it offers to patients.
Let’s take coronary bypass surgery as an example. In the minimally invasive version of this procedure, only a single small chest incision is made, sparing the patient the discomfort associated with a larger cut down the center of the chest in traditional open-heart surgery. This translates to less pain, minimized scarring, and a faster return to everyday activities for the patient.
The benefits of minimally invasive heart surgery extend beyond aesthetics:
1. Reduced blood loss during surgery.
2. Decreased risk of post-operative infections.
3. Alleviated pain for patients undergoing the procedure.
4. Diminished reliance on a breathing tube, known as a ventilator, following surgery.
5. Shortened hospital stays, resulting in less time spent recovering in medical care facilities.
6. Accelerated recovery timelines, enabling patients to swiftly return to their daily routines.
7. Minimized scarring due to smaller incisions made during the surgery.
After a minimally invasive bypass surgery, for instance, patients can expect to spend around few days in the Intensive Care Unit (ICU) for close monitoring. Following this, they are transferred to a general ward where they continue to be observed for a few more days before being discharged, usually within four- or five-days post-surgery. Within a week to ten days, most patients find themselves back to their usual activities, with their hearts on the path to healing.
Throughout the recovery journey, patients receive support and guidance from their healthcare providers. Regular check-ins and follow-ups ensure that any concerns or discomfort are promptly addressed, while encouragement and positivity from the surgical team help patients navigate the emotional aspects of post-surgery life.
29, Jan 2024
Gurgaon’s Dwarka Expressway Real Estate Market Booms with Impressive Price Appreciation
National, 29th January 2024 – The Dwarka Expressway real estate market has witnessed a significant surge in property prices, reflecting a positive trend in the overall real estate scenario, as indicated by the latest report from Geetanjali Homestate. The report sheds light on the impressive appreciation in property values across various sectors on Dwarka Expressway, providing valuable insights into the evolving landscape of Gurgaon’s real estate.
In Q4 2023, the overall average property price on Dwarka Expressway ranged between Rs 11,300 and Rs 11,700 per sqft, showcasing a substantial increase compared to the average prices of Rs 9,600 to Rs 10,000 per sqft recorded in Q4 2022. The Q3 2023 average prices stood at Rs 10,500 to Rs 10,800 per sqft, indicating a noteworthy quarter-on-quarter growth of 6.5% and a commendable year-on-year growth of 14.3%.
Geetanjali Homestate’s founder, Sunil Sisodiya, commented on the findings, stating, “The robust growth observed in Dwarka Expressway’s real estate market reflects the resilience and attractiveness of this region. The year-on-year surge in property prices is a testament to the sustained demand for quality properties in the area. This report serves as a valuable resource for investors, homebuyers, and developers seeking insights into the evolving trends along Dwarka Expressway.”
Geetanjali Homestate’s report delves into the specific trends observed in various sectors along Dwarka Expressway:
Sector 102, Gurgaon: Located on Dwarka Expressway, Sector 102 has witnessed a remarkable year-on-year growth of 34.5%, with average property prices ranging from Rs 10,500 to Rs 10,700 per sqft in Q4 2023. The quarter-on-quarter growth was 6%, compared to prices in the range of Rs 9,900 to Rs 10,100 per sqft in Q3 2023 and Rs 7,400 to Rs 7,600 per sqft in Q4 2022.
Sector-37D, Gurgaon: Offering residential apartments in the mid-income budget segment, Sector-37D experienced significant year-on-year growth of 36.8%, with property prices averaging between Rs 12,000 and Rs 13,000 per sqft in Q4 2023. The quarter-on-quarter growth was 1.4%, as opposed to prices ranging from Rs 11,800 to Rs 11,950 per sqft in Q3 2023 and Rs 7,500 to Rs 8,000 per sqft in Q4 2022.
Sector 36A, Gurgaon: This premium sector near Dwarka Expressway witnessed a substantial increase in average property prices, ranging from Rs 13,900 to Rs 14,100 per sqft in Q4 2023, showcasing substantial year-on-year growth of 31.2%. The quarter-on-quarter growth for the same period was recorded at 24.5%. In Q4 2022, the average prices were in the range of Rs 10,150 to Rs 10,350 per sqft, while in Q3 2023, they were in the range of Rs 10,850 to Rs 11,050 per sqft.
Sector 104, Gurgaon: Positioned on Dwarka Expressway and offering a blend of ready-to-move and under-construction housing units, Sector 104 experienced an uptick in average property prices, ranging from Rs 10,100 to Rs 11,500 per sqft in Q4 2023, indicating a year-on-year growth of 19.7%. The quarter-on-quarter growth for the same period was 1.5%. In Q4 2022, the average prices ranged from Rs 8,100 to Rs 8,500 per sqft, while in Q3 2023, they were in the range of Rs 9,700 to Rs 9,900 per sqft.
Sector 99, Gurgaon: Dominated by land plots and ready-to-move apartments, Sector-99 exhibited robust performance in Q4 2023, with average prices ranging from Rs 10,500 to Rs 11,000 per sqft, reflecting a notable year-on-year growth of 31.7%. The quarter-on-quarter growth for the same period was 5.5%. In Q4 2022, the average prices ranged from Rs 7,100 to Rs 7,525 per sqft, and in Q3 2023, they were in the range of Rs 9,900 to Rs 10,100 per sqft.
Sector 108, Gurgaon: A mid-income sector in New Gurgaon, primarily offering residential apartments, Sector-108 saw an increase in average property prices in Q4 2023, ranging from Rs 12,800 to Rs 12,925 per sqft, indicating a year-on-year growth of 18%. The quarter-on-quarter growth for the same period was 7.2%. In Q4 2022, the average prices ranged from Rs 10,500 to Rs 11,075 per sqft, and in Q3 2023, they were in the range of Rs 11,900 to Rs 12,200 per sqft.
Sector 106, Gurgaon: Strategically located along Dwarka Expressway, Sector 106 showcased positive year-on-year growth of 12.5% in Q4 2023, despite a slight decrease in QoQ by 0.8%. The average property prices in this sector ranged from Rs 11,900 to Rs 12,575 per sqft, with Q4 2022 prices in the range of Rs 10,400 to Rs 11,000 per sqft and Q3 2023 prices in the range of Rs 12,000 to Rs 12,125 per sqft.
Sector 113, Gurgaon: A luxury locality in Gurgaon, Sector 113 demonstrated a year-on-year growth of 11% in Q4 2023, with average property prices ranging from Rs 12,900 to Rs 13,100 per sqft. The quarter-on-quarter growth for the same period was 5.5%. In Q4 2022, the average prices ranged from Rs 11,500 to Rs 11,750 per sqft, and in Q3 2023, they were in the range of Rs 12,200 to Rs 12,400 per sqft.
Sector 84, Gurgaon: Experiencing substantial year-on-year growth of 27% in Q4 2023, Sector 84’s property market saw average prices ranging from Rs 10,000 to Rs 11,000 per sqft. The quarter-on-quarter growth for the same period was 5%. In Q4 2022, the average prices ranged from Rs 7,300 to Rs 7,700 per sqft, and in Q3 2023, they were in the range of Rs 9,500 to Rs 9,710 per sqft.
Sector 99A, Gurgaon: Offering residential apartments and plots in the mid-income budget segment, Sector 99A witnessed impressive performance in Q4 2023, with average property prices ranging from Rs 9,800 to Rs 10,000 per sqft, reflecting a year-on-year growth of 23%. The quarter-on-quarter growth for the same period was 7%. In Q4 2022, the average prices ranged from Rs 7,500 to Rs 7,700 per sqft, and in Q3 2023, they were in the range of Rs 9,100 to Rs 9,375 per sqft.
Sector 109, Gurgaon: One of the premium sectors on Dwarka Expressway, Sector-109 witnessed a remarkable year-on-year growth of 28.5% in Q4 2023, with average property prices ranging from Rs 12,200 to Rs 12,400 per sqft. The quarter-on-quarter growth for the same period was 39%. In Q4 2022, the average prices ranged from Rs 8,700 to Rs 8,900 per sqft, and in Q3 2023, they were in the range of Rs 8,200 to Rs 8,400 per sqft.
The data reveals a consistent and robust growth trajectory in property prices along Dwarka Expressway, establishing it as an attractive destination for potential buyers, investors, and developers.
| Locality | Avg price Q4 2023
(In Rs per Sqft) |
Avg price Q4 2022
(In Rs per Sqft) |
Avg price Q3 2023
(In Rs per Sqft) |
YOY growth in % | QoQ growth in % |
| Dwarka Expressway | |||||
| Sector 102 | 10500 – 10700 | 7400 – 7600 | 9900 – 10100 | 34.5% | 6% |
| Sector 37D | 12000 – 13000 | 7500 – 8000 | 11800 – 11950 | 36.8% | 1.4% |
| Sector 36A | 13900 – 14100 | 10150 – 10350 | 10850 – 11050 | 31.2% | 24.5% |
| Sector 104 | 10100 – 11500 | 8100 – 8500 | 9700 – 9900 | 19.7% | 1.5% |
| Sector 99 | 10500 – 11000 | 7100 – 7525 | 9900 – 10100 | 31.7% | 5.5% |
| Sector 108 | 12800 – 12925 | 10500 – 11075 | 11900 – 12200 | 18% | 7.2% |
| Sector 106 | 11900 – 12575 | 10400 – 11000 | 12000 – 12125 | 12.5% | -0.8% |
| Sector 113 | 12900 – 13100 | 11500 – 11750 | 12200 – 12400 | 11% | 5.5% |
| Sector 84 | 10000 – 11000 | 7300 – 7700 | 9500 – 9710 | 27% | 5% |
| Sector 99A | 9800 – 10000 | 7500 – 7700 | 9100 – 9375 | 23% | 7% |
| Sector 109 | 12200 – 12400 | 8700 – 8900 | 8200 – 8400 | 28.5% | 39% |
| Overall | 11300 – 11700 | 9600 – 10000 | 10500 – 10800 | 14.3% | 6.5% |
Property pricing Report – Dwarka Expressway, Gurugram by Geetanjali Homestate
25, Jan 2024
Delhivery announces deployment of OS1 for Akshaya Patra
Gurgaon, 25th Jan 2024: Delhivery Ld, India’s largest integrated supply chain services provider, has announced the operationalization of its OS1 stack with The Akshaya Patra Foundation, world’s largest NGO-run school feeding programme and the implementing arm of the PM POSHAN Abhiyaan. The foundation has piloted the deployment of DispatchOne application to execute and track meal distribution from its centralized kitchens to partner schools. DispatchOne is currently operational across five cities: Bhubaneswar, Puducherry, Kuppam, Nellore, and Puri. The nationwide rollout, powering nearly 2.1 million meals a day, is expected to be completed by mid-2024.
DispatchOne is Delhivery’s flagship last-mile delivery management solution on the OS1 platform. Available in India and the US, the self-service, SaaS solution enables enterprises and SMEs to seamlessly execute planned and on-demand distribution operations. Delhivery also plans to expand the OS1 product suite with an end-to-end Transportation Management System that will be available later this year.
With DispatchOne, Akshaya Patra will be able to maintain real-time tracking and visibility of the entire delivery process from central kitchens to partner schools and optimize resource allocation by delivering to multiple locations and reducing transit times through DispatchOne’s route optimization capabilities.
“Given our scale of operations across 72 cities and 24,000 schools, achieving operational efficiency on major focus areas. With DispatchOne’s advanced capabilities, we aim to deliver meals to children more effectively and with greater transparency”, said Saanil Bhaskaran, COO at The Akshaya Patra Foundation. “This shall further strengthen the cost reduction efforts and allow us to channel our resources towards serving more schools that require our support,” he added.
Kapil Bharti, CTO and Co-founder, Delhivery said, “At Delhivery, we believe cutting-edge technology must power solutions to complex supply chain and logistics challenges. OS1 allows us to bring our logistics technology expertise to support Akshaya Patra’s crucial mission of providing food to millions of school children daily. We are humbled to partner with the Foundation, as this has enabled us to deploy our technology towards creating positive social impact.”
10, Jan 2024
Space Matrix Transforms Gurgaon office for Global intralogistics systems manufacturer Beumer Group
Delhi NCR, 10th January 2024: Space Matrix, a leading workplace design, and build company, recently designed the new office for BEUMER India Pvt Ltd, a 100% subsidiary of German Multinational, BEUMER Group headquartered in Beckum, Germany. The client is an international leader in manufacturing of intralogistics products, systems & solutions. Located on the 8th – 9th floor of DLF Corporate Greens Building in Gurgaon, the new office space depicts the deep roots and core values of BEUMER Group.
As an international organization operating across 70 countries, BEUMER Group needed a workspace that moved away from their current traditional space with conventional cabins, meeting rooms, and cubicles. The new office space had to have a true ‘Wow’ factor. In a highly impactful display of a collaborative effort between Space Matrix and Beumer, this was achieved through the creation of a vertical connection through a staircase that connected the two floors internally.
The design and the concept of the staircase was from Space Matrix and focused on creating a sense of community and collaboration. However, the engineering deployed to convert the design into reality was provided by Beumer. The outcome showcases Space Matrix’s design excellence, and the engineering capabilities of Beumer, and underscores the narrative of joint efforts to achieve highly impactful outcomes.
Speaking about this, Rohit Raj Puniani, Managing Director, Space Matrix, said, “Beumer is one of our most prestigious clients, and among the leaders in their vertical globally. From the first day of our discussions, the focus was to integrate their brand’s values into the space. We applied the principles of design thinking, and leveraged our in-depth understanding of the client’s vision to ensure that everything was spot on. We are glad to have executed the project to perfection by meeting all client expectations of functionality, efficiency, and strategic placement of buzz zones.”
The design of the two-floor office was done in a way that the 8th floor was kept exclusively as an Employees only floor, and the 9th floor was turned into the arrival experience floor. This enabled the separation of high buzz recreational and arrival zones from the low buzz/quiet zones where the employees work. The soaring double-height space seamlessly expands into a collaborative area for the employee floor. This well-designed space acts as a central hub connecting the work areas on both levels and serves as the focal point during town halls and events. It is equipped with life-sized screens that ensure uninterrupted digital connectivity.
Adding further, Nitin Vyas, Managing Director & CEO, BEUMER India Pvt Ltd., said, “I thoroughly enjoyed the entire process, from the initial offer stage to the design and, finally, the delivery of our new office by Space Matrix. It was truly awesome. The level of commitment and involvement demonstrated by the Space Matrix team was amazingly refreshing in today’s world of quick fixes. I appreciated the extra effort and their unwillingness to compromise on designs, all thanks to the Space Matrix Design Team. My heartfelt gratitude goes out to the entire Space Matrix team. We embarked upon our office transformation journey over a year ago with an aim to boost employee engagement, brand integration in the office design and attracting new talent. The idea was to take comfort, aesthetics, and employee well-being to new levels of excellence, and Space Matrix has done complete justice to the brief.”
The central goal of the workspace transformation was to enhance the overall employee experience, and the results are nothing short of spectacular. The design deliberately removed cubicles and enclosed rooms along the glass façade, granting every employee a breathtaking connection to the natural world just outside the office. With an abundance of natural light and lush greenery, the workspace cultivates a profound link between its occupants and the surrounding environment.
The open work area offers a remarkable 360-degree view that spans both floors, thanks to the deliberate placement of the full-height masses. It’s a visual masterpiece where every corner tells a story. The designated focus work zones are cleverly distinguished from the vibrant buzz zones through the ingenious use of alternate furniture and lighting, creating an environment that fosters both concentration and collaboration. What truly sets the space apart is the captivating graphic carpet pattern that adorns the work area. It infuses the space with a dynamic sense of movement and energy, turning the workspace into an engaging and vibrant realm where creativity and productivity thrive.
Imagine dedicated spaces like the recreation center, library, wellness room, and nursing room, strategically placed to have a profound impact on the workforce. These areas aren’t just rooms; they are sanctuaries of rejuvenation, spaces where employees can shake off the day’s stresses, recharge their spirits, and bask in pure comfort. These thoughtfully designed spaces are a testament to a workplace that values the well-being of its employees, ensuring that they can find solace and invigoration right within these office walls. It’s not just about productivity; it’s about creating an environment where people thrive.
26, Dec 2023
Q4 propels record-high office leasing activity; at 58.2msf 2023 witnesses 16% YoY growth in demand
• Q4 2023records20.2mn sqft of gross absorption, highest ever quarterly leasing activity
• Bengaluru drives 2023 demand with more than one-fourth share ingross leasing, followed by Delhi NCR & Chennai at around one-fifth share
• Flex space leasing continues to grow, highest leasing in any year at 8.7mn sq ft,
• Large deals (>100,000 sq ft) accounted for 50% of 2023 demand; Space take-upby GCCsbounce back in Q4
• 50.1mn sq ft of Grade A supply infusion in 2023 reflects strong developer confidence
• Vacancyremained rangebound while rentals firmed slightly
Gurgaon, India, 26 December 2023: Contrary to initial beliefs, 2023 India office market has culminated on a spectacular note with 58.2mn sq ft of gross absorption across the top 6 cities. The last quarter of the year witnessed the highest-ever demand for office spaces in India,withall the three southern cities of Bengaluru, Chennai and Hyderabadregistering best performance since the Covid-19 pandemic. While Bengaluru and Delhi NCRdroveleasing activity during 2023, accounting for about half of the total demand of office space in India, Chennai made it to the top three list for the first time. Furthermore, with more than 2x leasing activity in 2023 as compared to 2022, Chennai breached all earlier highs and recorded 10.5mn sq ft of gross absorption.
Trends in Grade A gross absorption (in million sq feet)
| City | 2023 | 2022 | YoY change | Share of Q4
in 2023 gross absorption |
| Bengaluru | 15.6 | 16.2 | -4.2% | 35% |
| Delhi-NCR | 11.6 | 10.8 | 7.0% | 27% |
| Chennai | 10.5 | 4.6 | 131.0% | 40% |
| Hyderabad | 8 | 6.5 | 22.7% | 34% |
| Mumbai | 7 | 7.1 | -1.2% | 38% |
| Pune | 5.5 | 5.1 | 8.9% | 36% |
| Pan India | 58.2 | 50.3 | 15.7% | 35% |
|
Demand (msf) |
|||
| Q4 2023 | Q4 2022 | YoY Change | |
| Bengaluru | 5.5 | 3.5 | 58% |
| Chennai | 4.3 | 1 | 338% |
| Delhi NCR | 3.1 | 1.9 | 61% |
| Hyderabad | 2.7 | 1.7 | 57% |
| Mumbai | 2.6 | 1.4 | 87% |
| Pune | 2 | 1 | 100% |
| Pan India | 20.2 | 10.5 | 92% |
Top 5 deals- Q4 2023
| Transaction
Quarter |
Year | City | Occupier/Tenant | Industry | Area leased (sq.ft.) | Building Name | Micro market | Location |
| Q4 | 2023 | Chennai | Bank of America | BFSI | 1,100,000 | DLF Downtown | OMR Zone 1 | Taramani |
| Q4 | 2023 | Bengaluru | Philips | Engineering & Manufacturing | 655,681 | Embassy Business Hub | North | Bellary Road |
| Q4 | 2023 | Bengaluru | Wells Fargo | BFSI | 650,000 | Embassy Tech Village – 3B | ORR | ORR 1 |
| Q4 | 2023 | Bengaluru | Qualcomm | Engineering & Manufacturing | 567,404 | Bagmane Capital – Angkor East | ORR | ORR 1 |
| Q4 | 2023 | Chennai | Citi Bank | BFSI | 503,525 | DLF Cybercity | MPR | Manapakkam |
Top 5 deals of 2023
| Transaction
Quarter |
Year | City | Occupier/Tenant | Industry | Area leased (sq.ft.) | Micro market | Location |
| Q4 | 2023 | Chennai | Bank of America | BFSI | 11,00,000 | OMR Zone 1 | Taramani |
| Q2 | 2023 | Chennai | Shell | Engineering & Manufacturing | 6,67,752 | MPR | Porur |
| Q4 | 2023 | Bengaluru | Philips | Engineering & Manufacturing | 6,55,681 | North | Bellary Road |
| Q4 | 2023 | Bengaluru | Wells Fargo | BFSI | 6,50,000 |
Tech demand rationalizing amidst increasingly heterogeneous office space take-up
The contribution of tech sector in office leasing has been steadily decreasing from around 50% in 2020 to 25% in 2023. While demand emancipating from techoccupiers rationalized, the overallleasing activity continued to diversify.The sectoral contributions from BFSI and Engineering and manufacturing sectors especially have almost doubled, increasing from 10-12% in 2020to around 16-20%in 2023. Interestingly, in 2023, leasing by Engineering and Manufacturing players (26% share) surpassed the demand emancipating from Technology firms (22% share) in the tech hub of Bengaluru.
Demand from Flexoperators remained unabated; at 8.7mn sq ft flex spaces uptake in 2023 was 24% higher as compared to 2022.Flex penetration in the Indian office market is expected to rise further in 2024, as developers are likely to adopt core plus flex strategy for decision making.
Demand Drivers 2023
| Sector | Area leased
(mnsq ft) |
YoY change |
| Technology | 14.3 | -15% |
| BFSI | 11.2 | 64% |
| Engineering & Manufacturing | 9.4 | 87% |
| Flex Space | 8.7 | 24% |
| Consulting | 4.5 | -4% |
| Healthcare & Pharma | 2.4 | 47% |
| Consumables | 1.2 | -56% |
| E-commerce | 1.0 | 196% |
| Logistics | 0.5 | – |
| Others | 5.0 | -3% |
| Grand Total | 58.2 | 16% |
“The Indian office market not only navigated initial uncertainties but exceeded expectations and emerged successfully, recording an impressive 58 mn sq ft of gross absorption during 2023.Thedemand momentum, particularly as seen during the last quarter, will pave way for an optimistic start to 2024. Notwithstanding unforeseen events, a stable economic outlook augurs well for Indian commercial real estate and office markets will continue to witness steady interest from domestic as well as foreign-origin occupiers.Increasedpreference ofa combination of core and flex real estate space,heightened activity in tier II markets and next-gen offices with more sustainable elements will be the key themes for office markets in 2024.”says Arpit Mehrotra, Managing Director, Head of Office services, Colliers India.
Resurgence in large deals, as GCCs continue to expand their India footprint
After a brief pause, occupier confidence in business environment has translated into large office space requirements. At around 30mn sq ft., large deals (>100,000 sq ft)have shown an impressive 24% annual growth in2023. Global Capability Centres (GCCs) typically have large space requirements, and they too resumed their expansionary activities with greater fervor towards the second half of 2023, especially in the fourth quarter. Almost 40% of the large deals in the top six cities have come from GCCs, particularly from technology and BFSI sectors.
“Large sized of 100,000 sq ft or more have contributed to almost 50% of the overall office space demand in India. Interestingly, more than half of the large GCC deals achieved closure in last quarter of 2023, indicating renewed momentum in GCC activity of the country. Large pool of talent, cost-effective rentals, adequateGrade A developments and favorable office market system will continue to uphold India’s vantage positioning from acapability centre perspective. Moreover, healthy demand from domestic firms across technology, BFSI, manufacturing, healthcare and flex spaces will result in equally strong demand of office spaces in 2024.”says Vimal Nadar, Senior Director and Head of Research, Colliers India.
Healthy supply infusion keep vacancy levels rangebound while rentals firm upslightly
With 50.1 mn sq ft. of new completions, fresh supply across the top six cities rose about 17% YoY, indicating higher developer confidence for near-term space uptake.While Bengaluru accounted for 35% of the new completions in 2023, Hyderabad followed in closely with almost 30% share at an India level.Given strong performance on both demand and supply side, vacancy levels remained rangebound.Average rentals meanwhile increased by up to 5%across most Indian cities.
Trends in Grade A new supply (in million sq feet)
| City | 2023 | 2022 | YoY change | Share of Q4
In 2024 Grade A supply |
Vacancy (%) as on 2023 end |
| Bengaluru | 17.5 | 10.8 | 62.90% | 39% | 17.50% |
| Hyderabad | 14.5 | 11.4 | 28.00% | 17% | 22.70% |
| Chennai | 6.9 | 4.6 | 49.60% | 51% | 16.30% |
| Delhi-NCR | 5.8 | 7.9 | -27.20% | 42% | 19.90% |
| Pune | 4.3 | 6.5 | -34.50% | 46% | 14.80% |
| Mumbai | 1.1 | 1.8 | -37.60% | 23% | 12.30% |
| Pan India | 50.1 | 43 | 16.60% | 35% | 17.40% |
Supply (msf)
| Supply (msf) | ||
| Q4 2023 | Q4 2022 | YoY Change |
| 6.9 | 2.7 | 156% |
| 3.5 | 0.4 | 765% |
| 2.4 | 1.5 | 64% |
| 2.4 | 3.4 | -30% |
| 0.3 | – | N.A. |
| 2 | 2 | 0% |
| 17.4 | 9.9 | 75% |
26, Dec 2023
Cairn Oil & Gas bags sustainable Corporate of the Year award
Gurgaon, December 26, 2023: Cairn Oil & Gas, part of Vedanta Group, India’s largest private oil and gas exploration and production company, has been awarded the prestigious Sustainable Corporate of the Year award in the manufacturing sector at the 14th edition of the Frost & Sullivan Sustainability 4.0 Awards. This recognition is testimony to Cairn’s unwavering commitment to transforming the planet, communities, and workplace by practicing the highest standards of ESG (Environmental, Social and Governance).
In addition, Cairn was also awarded the “Consistency Silver Award” in the Sustainability Leaders category, acknowledging its consistent performance over the last three years. The award was received by Mr. Mandeep Narang, Director Operations, Cairn Oil & Gas, at a ceremony held in Bengaluru recently.
As part of its sustainability efforts, Cairn has implemented various initiatives aligned with its Net Zero target. The company continuously explores innovative solutions and technologies to optimise resource utilisation, enhance energy efficiency, and minimise greenhouse gas emissions to reduce its carbon footprint across operations. By exceeding industry standards in areas such as Risk Management, Biodiversity, Society, and Stakeholder Management, Cairn sets an example for responsible and sustainable business practices.
In addition to its environmental commitments, Cairn actively contributes to the communities it operates in. Through social initiatives, the company strives to uplift local communities, promote education, and empower individuals.
The company continues to innovate and collaborate with stakeholders to drive sustainable change and contribute to a better world.
18, Dec 2023
EO Gurgaon Champions Entrepreneurial Excellence, Empowers Young Minds
New Delhi/Gurgaon December 18, 2023: EO Gurgaon, the vibrant and dynamic chapter of the globally acclaimed Entrepreneurs Organization, continues its relentless commitment to nurturing the entrepreneurial spirit among young minds. Since its inception in January 2015, EO Gurgaon has emerged as a beacon of growth, fostering a community of 117 members, and counting.
Dedicated to shaping the dreams of growing entrepreneurs, EO Gurgaon serves as a haven where members share challenges, collect insights, and foster a culture of collective learning. This unique platform advances a camaraderie that celebrates diversity across various factors of life, fostering an environment where peers embrace each other’s journeys.
“Inspiration is at the core of EO Gurgaon’s ethos. We attempt to create an ecosystem that not only supports but materializes the aspirations of young entrepreneurs. Our goal is to equip them with the tools, connections, and resources vital for reaching the pinnacle of success,” says Mr. Vipul Jain, President, EO Gurgaon.
November witnessed a flurry of enriching learning and mentorship sessions for EO Gurgaon members. Sessions featuring luminaries like Prof. Jeanne Liedtka on design thinking, a candid interaction with Yashish Dahiya, Founder, Policy Bazaar, and insights into mpowering organizations through culture with Gautam Ghai were among the highlights. The month concluded with an immersive three-day Dev Deepawali tour to Varanasi, enriching members with cultural insights and experiences.
As the year draws to a close, EO Gurgaon is set to undertake a series of captivating learning events in December. The agenda includes thought-provoking discussions on evaluating media in the world of “X” and “YouTube,”and a session on crafting a millennial-ready work environment titled ‘The Shak Up.’
EO Gurgaon remains committed in its mission to empower and guide young entrepreneurs on their journey towards success, promoting an environment that encourages innovation, collaboration, and growth.
