Noida and Ghaziabad Brace up the Increased Demand for Luxury Homes, New Launches Increased Multifold in H1 2024
Delhi-NCR’s luxury housing market continues to raise the bar as the region witnesses a 45% share of sales in the luxury segment in H1 2024, surpassing the share back in 2019. Meanwhile, Noida and Greater Noida saw 42% of luxury home sales. Noida’s micro-markets have majorly contributed to the impressive growth graph of NCR’s luxury market.
Moreover, regarding rental yields, Noida’s micro-markets, like Noida Sector 150, saw a 12% Y-O-Y increase in monthly rentals of luxury properties, followed by Noida-Greater Noida expressway at 11%.
Strong luxury sales activity has further strengthened the real estate market in the town, which has welcomed new projects catering to this segment. The growth is driven by a rising demand for luxury living spaces that offer premium amenities. The region’s strategic locations catalyze this demand with its proximity to Delhi and excellent connectivity via various expressways.
Developers have actively responded to these demands for luxury homes, bringing premium projects across the city. Though Noida is the talk of the town these days, Ghaziabad quickly caught up with luxury homebuyers.
Traditionally known for its affordable segment, the city diversified its offerings by allowing premium and high-end properties. In H1, Ghaziabad’s luxury segment accounted for 715+ units, indicating a solid presence of luxury residences. Apart from connectivity with Delhi, Noida, and other parts of NCR, infrastructure growth is what makes the city attractive. Its new roads and metro expansions have further attracted high-value homebuyers.
Hence, developers are focusing on the increased demand for luxury homes in Noida and Ghaziabad with the launching of premium projects. Greater Noida West and key locations along NH 24 in Ghaziabad are highly potential areas for luxury living investment. In Noida and Ghaziabad, the realty market is constantly evolving owing to the projects of some of the renowned and credible developers. Amongst some of the key developers, Prateek Group stands out through its luxury living options and has earned a paramount reputation after every other project-defined luxury living.
With a continued focus on infrastructure development and the rising aspirations of homebuyers, the Noida and Ghaziabad realty market is likely to maintain its growth trajectory in the second half of 2024. The year towards the end is likely to witness new launches catering to the increased demand for luxury homes. With the focus on constantly raising the bar of quality living, Prateek Group is soon likely to launch a premium luxury project in Ghaziabad offering its residents a flavor of quality living amidst high-end amenities
Noid and Ghaziabad are poised to emerge as leading luxury living hubs backed by the fuelled demand and anticipated surge in new launches in H2 2024.
IPDDMumbai 2024: Kritika Rawat & RealtyNXT Propel PropTech to the Forefront of Indian Real Estate
Mumbai, September 16th, 2024: RealtyNXT successfully hosted the highly anticipated India PropTech Demo Day 2024 at the Jio World Convention Centre, Mumbai. The event brought together over 200 attendees, including key decision-makers, investors, developers, and PropTech startups, for a day of innovation, collaboration, and cutting-edge technological solutions that are set to transform the Indian real estate landscape.
The Demo Day saw the top 12 shortlisted PropTech startups from a pool of 40 companies showcasing their innovative solutions designed to address pressing challenges in the real estate industry. The event lived up to its tagline, *“Ignite New Possibilities,”* by providing a platform for startups to present their technologies and engage in meaningful discussions with industry leaders, fostering partnerships that can inspire lasting change.
The top 12 PropTech startups, each given 7 minutes to present their solutions, followed by 3 minutes of Q&A with the jury, represented the best in real estate technology. These startups tackled a variety of challenges, from AI-powered property management and sustainable water management to construction automation and virtual reality in real estate.
The selected startups in alphabetical order were:
1. 13 Sq Ft
2. Bizcerebro Technologies
3. Clairco
4. DigiQC
5. Habytat
6. JalSevak
7. MOB
8. Pacerobotics
9. Paving+
10. Propall
11. The VR Company
12. UrbanREV
The event featured a distinguished jury panel consisting of some of the most influential leaders in real estate and technology, who took time out of their busy schedules to evaluate the startups. The jury members, known for their contributions to integrating technology into real estate, carefully assessed the solutions and engaged in insightful discussions with the startups.
The jury members included:
– Mr. Arvind Prithvinath Singh, CTO & Product Officer, Executive VP-IT, Puravankara
– Mr. Chintan Sheth, Chairman & Managing Director, Sheth Realty
– Mr. Shridhar N, Group Director & CEO, Hiranandani Group
– Mr. Vishesh Kaul, CIO & CDO, Prestige Group
– Mr. Vivek Agarwal, Co-founder & CTO, Square Yards
– Ms. Deveshri Patel, Chief Technology Officer, Godrej Living
The 200+ attendees at the event included top executives, investors, and stakeholders from across India’s real estate industry. This carefully curated group of decision-makers actively participated in the presentations and networking sessions, exploring opportunities to integrate innovative technologies into their business strategies.
Many PropTech startups secured follow-up meetings with these key decision-makers, establishing connections that will likely lead to strategic partnerships and business pilots. The event created an environment ripe for collaboration, where technology could be leveraged to address real-world problems in the real estate space.
Kritika Singh Rawat, founder of RealtyNXT and the driving force behind India PropTech Demo Day, expressed her gratitude to the industry and shared her vision for the future of PropTech:
“When I founded RealtyNXT, I envisioned a platform where innovation meets opportunity, and collaboration sparks real impact. Today’s event is a manifestation of that vision. ‘Ignite New Possibilities’ is not just about technology—it’s about partnerships that inspire change and solutions that transform the real estate landscape.”
Her words captured the essence of the event, reflecting how RealtyNXT’s mission has materialized into a successful platform that not only showcases innovation but drives change and growth in the real estate sector.
Sponsors and Support
The success of the India PropTech Demo Day 2024 would not have been possible without the generous support of its sponsors:
-Technology Partner: Absolute CX
– PropTech Mixer Partner: Nisus Finance
– Gift Partner: A Vanilla Bean
– Education Partner: Whistling Woods International
The India PropTech Demo Day 2024 was a resounding success, serving as a launchpad for innovative technologies in real estate and fostering valuable connections between startups and industry leaders. Organized by RealtyNXT, the event set a new benchmark for the integration of technology in Indian real estate, ensuring that PropTech continues to shape the future of the industry.
Rising Demand for Luxury Homes in India: A Blend of Comfort, Exclusivity, and Investment Opportunity
The need for luxurious homes in India has risen greatly over the years, mostly as a result of a number of significant variables that meet the increasing requirements and expectations of privileged residents. Because they blend exclusiveness, comfort, and cutting-edge features, these luxurious homes are quickly moving to the top of the list for high-net-worth people (HNWIs), successful professionals, and NRIs seeking a better way of life.
One of the main variables driving up the price of luxury real estate is the increasing need for larger living spaces and greater safety. After the pandemic, people are now more likely to give preference to cozy residences with enough room for employment, leisure, and personal well-being. Ultra-luxury homes often have private gardens, large floor plans, wide rooftops, and modern home offices—the kind of retreat that many affluent buyers want. In addition, these houses are often located in restricted areas or luxurious areas, which ensure security and privacy.
Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd. Says on growth of luxury housing “India’s luxury housing market is experiencing unprecedented growth, with rising incomes, shifting consumer preferences, and a booming ultra-high-net-worth population driving demand for premium homes. According to an industry report, 12% of ultra-wealthy Indians plan to purchase another home this year, as they typically own more than two properties. The steady rise in home prices, predicted by housing experts, indicates that this trend will continue, with luxury property prices expected to outpace inflation in the coming years. As earning levels rise across India, more affluent buyers are seeking opulent living spaces that reflect their evolving lifestyles. However, while the market flourishes, there is growing concern that economic benefits are being funnelled primarily to the wealthy, leaving millions of job-seekers, especially the youth, out of this prosperity. The future of India’s real estate sector hinges on maintaining this balance between high-end growth and inclusive economic opportunities.”
Kushagra Ansal, Director of Ansal Housing said, “High-end luxury properties in India are known for providing first-rate amenities that facilitate an extravagant yet practical way of life. These opulent residences provide every convenience that a discriminating buyer could ask for, such as concierge services, smart home technology, and private pools, gyms, and spas. Top developers are defining the standard for luxury homes, which are now known for their opulence, convenience, and comfort due to their constant innovation in amenities and cutting-edge architecture.
Luxury real estate is also considered a stable and appreciating asset class. The value of premium properties in prime locations tends to appreciate over time, making them a favorable long-term investment. Moreover, with the growing influx of foreign investors and NRIs, luxury properties are seen as a secure and lucrative investment option. The potential for rental income in metro cities further adds to the financial attractiveness of luxury homes.”
There is also a growing emphasis on health and wellness, which has shifted the focus towards homes that offer wellness-centric amenities. From wellness centers, yoga decks, and meditation spaces to lush green surroundings and air-purifying technologies, luxury homes are catering to the holistic well-being of residents, which has become a top priority for many post-pandemic.
The rise in demand for premium luxury homes in India is a result of a combination of lifestyle aspirations, investment opportunities, and the desire for comfort and privacy. As developers continue to innovate and cater to the evolving preferences of high-net-worth buyers, the trend of purchasing luxury properties is only expected to grow in the coming years.
Sushma Group Acquires 59-Acre Land Parcel in Ludhiana for Mixed-Use Development
Ludhiana, 14-09-2024: In a significant step towards contributing to Ludhiana’s infrastructural and economic development, Sushma Group has acquired a 59-acre land parcel in a prime location. The strategic acquisition will see the development of a mixed-use project, comprising residential, industrial, and commercial plots, aimed at bolstering Ludhiana’s real estate landscape.
This development comes as a response to the growing demand for integrated infrastructure in Ludhiana, particularly in light of the Ajmeri-Ludhiana Economic Corridor. The project is expected to catalyze new opportunities for growth, attract businesses, and enhance the overall quality of life in the region.
“Entering into this deal with Sushma Group has been an excellent decision for us. We’re positive that their vision for the project on this land will bring transformative developments to Ludhiana’s infrastructure. We are confident that this collaboration will open doors to new opportunities and contribute significantly to the city’s growth,” said Mr. Kulwinder Singh Gill, a representative of KVVR Infratech.
Speaking on the significance of the acquisition, Mr. Prateek Mittal, Executive Director of Sushma Group, said, “This land acquisition is a part of our long-term vision to contribute to the strategic growth of Ludhiana. With the Ludhiana Periphery Road, which is part of the Ajmeri-Ludhiana Economic Corridor, set to enhance connectivity, we believe this project will serve as a catalyst for economic prosperity, attracting industries, startups, and residential communities alike. We are excited to be a part of Ludhiana’s journey towards becoming a major hub for commercial and industrial activities.”
This mixed-use project by Sushma Group is poised to create a ripple effect in the real estate sector, with a focus on sustainable development and modern urban planning. The project’s industrial segment will offer fast connectivity to Ludhiana Airport, ensuring quicker transportation of goods and products, while incorporating essential services like on-site medical facilities, designated areas for drivers and helpers, underground cabling, emergency firefighting systems, electric charging stations, and solar-powered common areas.
The residential component will feature a primary school, green areas, medical facilities, open gym spaces, skating parks, and wider roads, creating a holistic living environment for the community. These features will provide Ludhiana with the necessary infrastructure to support its growing economy while enhancing the quality of life for residents.
The strategic decision by Sushma Group is anticipated to pave the way for transformative developments that will further position Ludhiana as a key player in the region’s economic future.
Navin Kumar appointed as Managing Director while Dr R Kumar to be Chairman of Navin’s
Chennai/Mumbai, September 13th, 2024: Navin’s, the most-trusted real estate developer in Chennai, has announced promotions for its executive leadership. Dr R Kumar, the founder of Navin’s will be the Chairman and Mr Viswajith Kumar (Navin) will be the new Managing Director.
Dr R Kumar is recognised as an industry thought leader and it is under his leadership that Navin’s grew into a leading construction firm known for its innovation, quality and integrity. Dr. Kumar’s dedication to excellence and sustainability has earned him numerous accolades and has set a benchmark in the construction industry. He holds a Doctorate in Construction Science and has completed management training at Harvard Business School.
Sharing his thoughts, Dr. R Kumar, Founder and Chairman, Navin’s said, “Honesty and integrity are the bedrock on which the edifice of trust can be built. At Navin’s, we have driven ourselves tirelessly, since 1989 to achieve the culmination of architectural brilliance and highest value-for-price in our projects. We have completed more than 125 projects and these stand testimony to our commitment and dedication. We have emerged as the most trusted builder and we are very proud of our journey and achievements. We will continue our work of building communities while clinging on to our core values of honesty and integrity.”
Mr. Viswajith Kumar, alias Navin Kumar, has an inherited passion for excellence and he has been the driving force in cementing Navin’s position as Chennai’s leading real estate developer. He has won appreciation from various quarters for demonstrating strategic acumen and visionary leadership at all times. An engineer by profession, he holds a MBA in strategy, international business and finance from George Washington University, USA. Mr. Viswajith Kumar holds the position of treasurer in the Confederation of Real Estate Developers’ Associations of India (CREDAI), Chennai chapter.
Commenting on the elevation, Mr Navin Kumar, Managing Director, Navin’s said, “Navin’s has been creating lovable functionally elegant living spaces for more than 35 years. We bring to the table clear titles, excellent locations, perfect constructions with strict adherence to rules and regulations, environment friendly green buildings, safe and progressive HR policies, creative designs & communications and above all, ethical business practices. We care for our customers and we are committed to delivering quality. We have an able team and we are aiming to reach greater heights in the years to come.”
NTPC Ltd. Paid Final Dividend of Rs. 3,151 Crore for FY 2023-24
New Delhi, Sept 12th, 2024: NTPC Ltd. paid the final dividend of Rs. 3,151 crore on 11th September 2024 for the financial year 2023-24, representing 32.50% of the paid-up equity share capital of the company.
This is in addition to the first interim dividend of Rs. 2,182 crore and a second interim dividend of Rs. 2,182 crore paid in November 2023 and February 2024 respectively.
The total dividend paid for FY 2023-24 is Rs.7,515 crore, at the rate of Rs. 7.75 per share of a face value of Rs.10 each.
This is the 31st consecutive year that NTPC Ltd. has paid a dividend
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Police campuses in Bengaluru to have 590 Percolation Wells
Bengaluru, September 12th, 2024: Mphasis and United Way Bengaluru officially announced the launch of the “One Billion Drops” campaign at five police campuses in Bengaluru, including CAR (City Armed Reserve) North, Karnataka State Reserved Police 9th Battalion, Centre for Counter-Terrorism, CAR Headquarters, and KSRP 1st Battalion. This year, 590 percolation wells will be constructed across these locations.
The event was attended by the Commissioner of Police, Bangalore City, Mr. B Dayananda, who commended the initiative for its significant contribution to Bengaluru’s water sustainability.
The “One Billion Drops” initiative addresses climate-change-related issues through percolation wells designed to capture rainwater at the point of impact. This approach reduces surface runoff, prevents floods, and conserves water by slowing its flow. The campaign is pivotal in restoring Bengaluru’s water resources, replenishing groundwater, and maintaining soil moisture to support the city’s green cover.
“I wholeheartedly appreciate the proactive support of Mphasis and United Way of Bengaluru for coming forward to make our police campuses water-neutral through their CSR initiatives. Your commitment to sustainability is a shining example of community policing in action. Together, we are not only ensuring a greener future for our personnel and the community but also setting a benchmark for responsible governance. Thank you for your invaluable partnership in this noble endeavour,” said B. Dayananda, Commissioner of Police, Bengaluru City.
“Our ongoing partnership with United Way Bengaluru has empowered us to address global environmental challenges like climate change while making significant strides in reviving the state’s biodiversity. The ‘One Billion Drops’ campaign remains a powerful initiative in rainwater conservation and sustainability, demonstrating our commitment to a greener future,” said Deepa Nagaraj, Senior Vice President and Head – ESG & CSR, Sparkle Innovation Ecosystem and Communications
“Rooted in a community-driven approach, the ‘One Billion Drops’ campaign represents a scalable and replicable model that promotes ecological sustainability and resilience against climate change. By harnessing the power of collaboration between corporate entities, NGOs and government bodies, this initiative is setting a new standard for climate action and water conservation,” said Rajesh Krishnan, CEO of United Way Bengaluru.
This initiative aligns seamlessly with the Prime Minister’s National Water Mission initiative, “Catch the Rain, Where it Falls, When it Falls.” Each percolation well can conserve up to 128,000 litres of rainwater annually, directly enhancing groundwater levels in their respective catchment areas.
Once known as the Garden City, Bengaluru now faces the harsh realities of India’s climate crisis, dealing with severe groundwater depletion, erratic rainfall, and a shrinking green cover. In response to these growing challenges, Mphasis, through its Corporate Social Responsibility (CSR) efforts, has partnered with United Way Bengaluru to drive an impactful campaign called “One Billion Drops”.
Since 2022, Mphasis has supported the creation of 1,338 percolation wells across Bengaluru, including in major parks and the iconic Lalbagh Botanical Garden. These percolation wells can conserve approximately 175,284 kiloliters of rainwater annually, making a significant contribution to the city’s water resources and environmental health. These wells have benefitted 251,000 members of the community. In the coming years, the goal is to reach out to approximately 225,000 beneficiaries by creating 1200 wells by 2026.
DashLoc onboards Industry Trailblazer Ashish Tiwari to Lead Product and Partnerships as Co-Founder & CSO
Bangalore, 10th September 2024: DashLoc, one of India’s leading hyperlocal MarTech discovery platforms, announced the appointment of Ashish Tiwari as Co-Founder and Chief Strategy Officer (Product & Partnership). This strategic alliance signals the onset of the next expansion phase for DashLoc Globally, with Ashish being at its helm.
No stranger to the world of entrepreneurship, Ashish brings with him a wealth of experience, having successfully founded and led three startups: HealthKhoj, Hair Originals, and Hair Forever. He first made headlines with Hair Originals, which garnered significant attention on India’s most talked-about startup show, SharkTank India, where the startup successfully secured funding. His journey with Hair Forever, from its inception in January 2022 to its recent acquisition in July 2024, further underscores his ability to build and scale businesses. He has previously held leadership positions at globally renowned firms like CISCO, AIG, and India’s unicorn startup, Droom.
Having completed his B-Tech & M-Tech from India’s prominent tech institute, IIT Kharagpur, Ashish brings with himself a sheer wealth of unrivalled tech expertise and leadership experience. Before joining DashLoc full-time, Ashish had already been contributing to the company’s growth as a mentor to the Partnership and Product teams for the past year. His strategic insights and guidance have been instrumental in shaping the company’s direction.
In his new role at DashLoc, Ashish will focus on driving the company’s product strategy and forging strong partnerships to enhance the platform’s offerings.
Ashish Tiwari, Co-Founder & CSO of DashLoc, commented, “I am thrilled to officially join DashLoc at such a pivotal time. Having been involved in mentoring the team over the past year, I have seen firsthand the immense potential of our platform. I look forward to working closely with the visionary CEO Sumit Singh and our tech maverick Gaurav, and the entire DashLoc family to drive our mission of revolutionising hyperlocal discovery.”
Sumit Singh, CEO of DashLoc, “We are delighted to welcome Ashish onboard as Co-Founder and CSO. His entrepreneurial experience, coupled with his strategic acumen, will be invaluable as we continue to scale our operations and innovate within the MarTech space. With Ashish on-board, we certainly foresee an accelerated growth pace, gearing up to dominate the industry in India and across the globe.”
JioCinema Premium unveils the logo of Jacqueline Fernandez and Neil Nitin Mukesh starrer #GOATS
pic credit: Instagram
JioCinema Premium has unveiled the logo of its much-anticipated multi-starrer series #GOATS . This musical youth drama promises to deliver a compelling narrative with a unique blend of drama and intrigue. The ensemble cast delivers a novel captivating story that has never been seen before in the Indian OTT landscape. Directed by Abhishek Sharma , the star-studded cast includes Jacqueline Fernandez , Neil Nitin Mukesh , Boman Irani , Siddharth Nigam and Sumedh Mudgalkar in the lead, along with Bhavin Bhanushali , Anusha Mani, Kunwar Amar , Santana Roach , Yukti Tareja , and Arnav Maggo .
The design of the logo reflects the show unique theme and vision, setting the stage for what is expected to be a groundbreaking addition to the OTT landscape.
Your Festive Look, Locked & Loaded with Nykaa Cosmetics’ Matte to Last Range’s Latest Addition
September 2024: Whether you’re getting ready for Ganpati, Navratri, or Dussehra or just want to dress up (yes, we get it, who needs an occasion to dress up!) Nykaa Cosmetics’ Matte to Last range is your must-have. This range is all about giving you that flawless glam that stays lit from morning rituals to late-night parties, so you can focus on the fun not touch-ups.
Designed to keep up with your festive grind, the Matte to Last range has everything you need to keep it fresh and fierce. From vibrant, stay-all-day lipsticks to full-coverage concealers that hide everything and foundations that serve a smooth, matte base for every Indian skin tone, this range has you covered. Oh, and don’t forget the loose powder it’s basically your shine-fighting BFF, giving you that velvety finish that lasts.
Now, let’s talk about the real hero and the newest addition to the range: the Matte to Last Setting Spray. This lightweight spray locks in your look from sunrise to sunset, controlling oil and keeping your makeup fresh. Infused with ingredients like cucumber, moringa, chamomile, rosemary, and tamarind extracts it hydrates and soothes while making sure there’s no smudging, creasing, or fading. Just a bomb matte finish that stays all day long.
From bold lips to a flawless base, Nykaa’s Matte to Last range makes sure your glam is as on-point as your celebrations. Head to the Nykaa website/ app, snag your faves, and shine your brightest this festive season. Get your glam on!
Whether you’re prepping for Ganpati, Navratri, Dussehra, or just feel like dressing up (because who really needs a reason?), say hello to your new festive BFF: the Nykaa Matte to Last Setting Spray. This lightweight, game-changing spray locks in your look from sunrise to sunset, keeping oil in check and your makeup looking fresh. Infused with skin-loving ingredients like cucumber, moringa, chamomile, rosemary, and tamarind extracts, it hydrates, soothes, and ensures no smudging, creasing, or fading. Expect a bomb matte finish that stays flawless all day long.
Now, let’s talk about the real magic—this entire Matte to Last range is formulated with ultimate mattifying and pore-reducing benefits, making it the perfect choice for anyone looking to achieve a smooth, flawless complexion. The range works overtime to blur imperfections, minimize pores, and keep shine under control, giving you that clean, photo-ready finish for any occasion.
But that’s just the start. The Nykaa Cosmetics Matte to Last range is your must-have collection this festive season. Designed to give you flawless, long-lasting glam, this range takes you from morning rituals to late-night celebrations—touch-up free! Whether it’s vibrant, stay-all-day lipsticks, full-coverage concealers that blur imperfections, or foundations that create a smooth matte base for every Indian skin tone, the Matte to Last range has you covered. And let’s not forget the loose powder—it’s your ultimate shine-fighting BFF, delivering a velvety finish that lasts.
From bold lips to a flawless base, Nykaa’s Matte to Last range ensures your festive glam stays lit no matter the occasion. Head to the Nykaa website or app, snag your favorites, and shine your brightest this season.