The Rise of Real Estate in Thane & Kalyan: Quality, Sustainability, and Affordability
By Deepak Mehta, Director of Mehta Group
14th August 2024: Mumbai is called the Financial Capital of India, but the two nearby cities, Thane and Kalyan, considered to be the distant suburbs of Mumbai, have undergone a remarkable transformation over the past decade. Thane has evolved as the most perfectly balanced metropolitan city in India, with its rapid industrial as well as infrastructural development. These two markets are becoming the new hub for home buyers and developers to invest. The ease of connectivity, job opportunities, the metro station, Highway Connectivity, and the Mumbai trans-harbor link have made Thane one of the most resilient markets in MMR.
On the other hand, Kalyan, the founding city of MMR, has been shortlisted to develop as a Smart City. The Mumbai Metro Line, Kalyan Ring Road, and the revamp plan of the railway junction have boomed the residential demand. With this tremendous growth, the Thane and Kalyan Market is known for its affordable, sustainable, and high-quality homes. These elements have shaped the market dynamics and attracted both developers and homebuyers to this burgeoning city.
Quality
Redevelopment Projects: Quality housing goes beyond the mere provision of shelter. It includes safe, durable, and energy-efficient structures that improve residents’ quality of life. Many old buildings in Thane and Kalyan are undergoing redevelopment to ensure the quality of well-being.
Premium Amenities: Thane has seen a surge in demand for lifestyle-oriented residential projects. Homebuying has become attractive for middle-income buyers as they get sophisticated living experiences and get to upgrade their living standards. Developers focus on innovative design, functional efficiency, and modern amenities tailored to all age groups. Apart from this, the developers have ensured to meet the safety standards making it a safer living for the home buyers.
Sustainability
Sustainability in housing involves designing and constructing homes that minimize environmental impact and maximize energy efficiency. All the new projects are evolving with sustainability for a better future with a healthy environment.
Eco-Friendly Housing Projects: There is a rising trend of incorporating green features such as rainwater harvesting systems, solar panels, and energy-efficient designs into real estate projects in Thane.
Sustainable Design in Commercial Real Estate: The commercial real estate market also emphasizes sustainability, with developers incorporating green technologies and sustainable design features in new buildings
Affordability in Housing
The sudden surge in demand due to affordable housing projects with world-class amenities has become a dream come true for home aspirants. Thane offers various budget-friendly homes that cater to middle-income families, making it a favorable option for first-time homebuyers. Developers are creating projects that provide affordable luxury, combining quality living with cost-effectiveness.
Government Initiatives and Policies: Various government policies, such as the cluster policy and TDR policy, alongside infrastructure development projects, have made it easier for developers to build affordable housing, thereby attracting more investment in the area.
Quality, sustainability, and affordability are interlinked components of a holistic approach to housing. Thane and Kalyan’s real estate market has prioritized these aspects, to create homes that not only provide shelter but also enhance the well-being of residents, reduce environmental impact, and ensure economic stability. With the real estate sector witnessing this positive shift, these two markets will continue to attract significant investments and maintain their upward trajectory in the coming years. It has underscored Thane and Kalyan’s potential as a real estate hotspot.
One Point One Solutions achieves record Q1 FY25 performance with significant growth across key financial metrics
Mumbai, August 14, 2024: One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced its financial results for the first quarter ending June 30, 2024, demonstrating exceptional performance across key financial indicators.
• Revenue: Grew to ₹61.15 crore in Q1 FY25 from ₹52.36 crore in Q4 FY24, marking a 16.79% sequential growth and a substantial 71.12% year-on-year increase from ₹35.73 crore in Q1 FY24.
• EBITDA: Increased to ₹17.84 crore in Q1 FY25, up from ₹15.53 crore in Q4 FY24, representing a 14.87% growth and a 39.27% rise compared to ₹12.81 crore in Q1 FY24.
• PAT: Rose to ₹7.60 crore in Q1 FY25, up from ₹6.66 crore in Q4 FY24, reflecting a 14.13% sequential increase and a 75.93% year-on-year growth from ₹4.32 crore in Q1 FY24.
Business Highlights:
• Increased the authorised share capital from Rs 50 crore to Rs 70 crore and an issuance of equity shares and warrants
• Signed a non-binding term sheet to purchase 100% stake in a BPO firm in Latin America
• Secured a strategic client win with a pioneering medical device company based in Tampa, Florida, USA
• New clients signed include, one of India’s largest integrated power companies and a leading NBFC, dedicated to providing customer centric financial solutions
• One Point One Solutions Limited (OPOSL) subsidiary, ITCube Solutions won a prominent global client specialising in combatting brand threats through cutting-edge AI-driven tools
Management Comment:
Commenting on the results, Mr. Akshay Chhabra, Managing Director said:
“We are thrilled to report a record-breaking start to FY25, with exceptional growth in revenue, EBITDA, and PAT. This performance is a testament to our unwavering commitment to delivering value to our clients through cutting-edge BPM solutions and a strategic focus on operational efficiency. The strong momentum from this quarter provides a solid foundation for sustained growth throughout the year.”
Mr. Chhabra added, “Our efforts in business transformation, leveraging Generative AI and Robotic Process Automation (RPA), are beginning to yield significant results. We are particularly excited about our first acquisition this year, which strengthens our presence in the North American market. This strategic move will accelerate our growth in the American region and adds new verticals in healthcare, finance & accounting, and IT software development, positioning us as a full-stack player in the industry. We remain confident in our ability to continue driving substantial value for our shareholders while expanding our leadership in the BPM sector.”
The Financial results for the quarter ended June 30, 2024 are available in the Investor Relations section of our website www.1point1.com
About One Point One Solutions Ltd.
One Point One Solutions Ltd is a full-stack solutions provider across BPO, KPO, IT Services, Technology & Transformation and Analytics. Over the last two decades, the company has established its expertise in offering comprehensive solutions across technology, accounting, skill development and analysis to clients in a wide variety of sectors. Following the recent acquisition of- ITCube Solutions Pvt Limited, One Point One Solutions has consolidated its solutions in the IT, BPM and KPO domains. The company now has centres in Pune and Cincinnati, Ohio apart from its existing ones in Navi Mumbai, Gurgaon, Chennai, Bangalore, Indore and Pune. One Point One USA Inc, the organization’s wholly-owned subsidiary in Delaware in the United States marks its international foray while in the acquisition of ITCube Solutions has already strengthened its presence in England, Netherlands, Germany, Kuwait Oman m UAE, Qatar, India, Singapore and Australia, apart from the USA.
Led by Founder-Chairman Akshay Chhabra, the company serves a broad spectrum of industries including Banking and Finance, Retail and E-commerce, Consumer Durables & FMCG, Travel & Hospitality, and Insurance & Healthcare. A 5600+ strong team focused on providing efficient services caters to the company’s growing clientele.
The company’s services include Organisations, Customer Services, Sales, Collections, Construction Bid Management, Medical Record Retrieval and Summarization, Tech Helpdesk, BackOffice, Accounting, Litigation, Recruitment, Design and Development among others. By leveraging next-gen technologies including GenAI and intelligent automation, the organisation has been able to develop and deploy innovative solutions that have delivered considerable value to the company’s 50+ clients.