Manipal Hospitals launches visionary campaign on World Heart Day
New Delhi, 30 thSeptember 2024: In a major step towards building a heart-healthy city, Manipal Hospitals, among the top healthcare service providers of India, introduced its Hridoye Jurey Kolkata initiative today. The event was organized as a prelude to the World Heart Day, observed globally every year on September 29th. The engaging sessions included leading cardiac specialists from all units of Manipal Hospitals in Kolkata, who shared their varied experiences in cardiovascular health and innovative surgeries that are transforming medical discourse around patient outcomes.
The event was attended by Chief Guest, Mr. Barun Chanda, prominent actor and author. It also witnessed experts in cardiology, including Dr Prakash Kumar Hazra, Director & HoD, Cardiology, Manipal Hospitals, Dhakuria, Dr Rabin Chakraborty, Senior Vice Chairman & Head of Cardiology, Medica Superspecialty Hospital (a part of Manipal Hospitals), and Dr Kunal Sarkar, Senior Vice Chairman & Head of Cardiac Surgery, Medica Superspecialty Hospital (a part of Manipal Hospitals), along with Mr Ayanabh DebGupta, Regional COO, Manipal Hospitals (East), addressed the noble healthcare initiative.
The event also saw the launch of two groundbreaking awareness initiatives. ‘One Scan Can Save a Life’, in which boards with a QR code will be fixed at traffic signals. By scanning the code, citizens can get instant access to MARS (Manipal Ambulance Response Service), promoting both 24×7 Emergency Service, along with informative video tutorials on learning how to administer CPR (cardiopulmonary Resuscitation Procedure). As part of the initiative, traffic lights across the jurisdiction of Bidhan Nagar Police Commissionerate will be displaying heart-shapes, instead of the usual round shape, from 25th September night till 30th September, at important crossroads. The unique traffic signals are expected to constantly instill awareness of heart health amongst the people of Kolkata.
The ‘Hridoye Jurey Kolkata’ campaign aims to ensure at least 3 percent of Indians know how to administer CPR. Manipal Hospitals conducted an extensive CPR training program for community members, including Resident Welfare Associations (RWAs), school students, staff and principals, security guards, police personnel, HR heads, and corporate employees. The initiative, called ‘Heart Smart Kolkata’ aims to develop a database of people trained in CPR all over the city.
This was followed by two panel discussions — Heart Problems in Women, and Cardiac Surgery: Myths Vs Facts — where top cardiologists and cardiac surgeons from Manipal Hospitals provided valuable insights.
Mr. Ayanabh Debgupta, Regional Chief Operating Officer, Manipal Hospitals East, emphasized the importance of the initiative, stating, “Hridoye Jurey Kolkata aims to build communities of heroes and survivors by improving action and response to cardiac arrest through training, preparation and response protocols. We intend to create a heart safe community through training citizens in CPR and we are actively taking this initiative across all Manipal group hospitals in the East. We want the message to be spread across schools, colleges, corporates, clubs and all other associations so that those who are trained in CPR can train their near and dear ones. This way we can create a huge pool of CPR trained resources around us, which will help us to save many a lives.”
Dr. Kunal Sarkar, Senior Vice Chairman & Head of Cardiac Surgery, Medica Superspecialty Hospital (a part of Manipal Hospitals), further highlighted Manipal Hospitals’ commitment to the initiative, stating, “At Manipal Hospitals, our vision is to revolutionize the cardiac care system of Kolkata while offering the best and latest treatments.”
“Cardiovascular diseases are ranked as the leading causes of death, affecting one-third of all global deaths; it therefore becomes crucial to address prevention, early intervention, and effective management of these conditions. ‘Hridoye Jurey Kolkata’ is a proof of our commitment to make the city a heart smart one. Another significant achievement of our work includes the swift solution to the method of using a Quick Response Code (QR) to access emergency assistance or a CPR demonstration and the reminder through the heart-shaped traffic signs that make the community aware of cardiovascular diseases. We seek to make a lasting change and create a force of people capable of making life-saving CPR actions that can cover minimum 3% population of India. As a team, we are hopeful to action against premature mortality and provide efficient care for heart health risks for the populace of Kolkata,” Dr Sarkar added.
Dr. Rabin Chakraborty, Senior Vice Chairman & Head of Cardiology, Medica Superspecialty Hospital (a part of Manipal Hospitals), commented, “The rising incidences of cardiovascular diseases especially among patients between 25-40 years is a matter of grave concern. The percentage of heart attacks before the age of 50 has gone up to 50% over last decade. More than 25% suffer heart attacks before their 40th birthday. Even women are succumbing to heart failures at a much younger age. As per research by the American Heart Association, in the last decade, there has been a 20% increase in heart attacks in women under 55. Keeping these critical factors in mind, as doctors, we feel there is a need to focus on preventive measures, early diagnosis, and timely treatment. The ‘Hridoye Jurey Kolkata’ initiative by Manipal Hospitals is a timely initiative in making Kolkata a heart-healthy city. We need to educate the community, society at large and change specific behaviors for prevention of heart diseases, improving the health of individuals.”
Dr. Prakash Kumar Hazra, Director & HoD, Cardiology, Manipal Hospitals, Dhakuria, said, “This initiative that we have taken up this World Heart Day, will make people of Kolkata more aware about their heart health. Moreover, training common people in CPR techniques is not only unique, it is also crucial. Knowing CPR can help save thousands of lives because even the basic effort to resuscitate the heart till a heart attack patient is brought to a hospital can help. This World Heart Day we have also taken the pledge of ‘Mission 2 to 3’ meaning that while two percent Indians already know CPR, we want to train the general public and take up the percentage to three, so that more and more people are encouraged to learn this technique.”
During the panel discussions important facets were highlighted by the doctors (refer to annexure below) and the specialists exchanged views and presented various aspects regarding cardiac health, liberal medical preventative measures, and contemporary trends in cardiac treatment.
According to World Heart Federation, 1 in 3 deaths across the globe are caused by cardiovascular diseases, and majority of premature heart disease and stroke are preventable and treatable, if the patient is brought to a hospital within the golden hour. With this heart smart program being run in Kolkata, Manipal Hospitals is confident that there will be an improvement in the heart health status of every Kolkatan.
Indian Workers Report Highest Satisfaction with Hybrid Working, Outpacing Global Average, says Unispace Study
Bengaluru, 30 September, 2024 – Indian employees and employers state the highest satisfaction with their current hybrid work environment, even as Indian employees are least likely to spend time at their desks in office, reveals the latest Global Workspace Insights report from one of the world’s leading workplace creation companies.
97% of employees and 98% employers in India surveyed by Unispace for the report expressed their satisfaction with the hybrid working arrangement, as compared to a global average of 87% employees and 95% employers. This marks a significant shift from last year’s statistics that showed that employees in India are far more likely than any other country globally to be willing to take a pay reduction in order to work from home, with almost a third (31%) indicating that they have already done so, which is almost double the global average of 16%.
The report titled ‘From Restrictions to Resilience’, part of Unispace’s Global Workplace Insights 2024-25, reveals trends and insights, based on surveys of 10,700 employees and employers across 13 countries globally, to guide organizations in creating resilient workplaces. 500 employees and 250 employers from India were surveyed for the report.
The third edition of the annual Unispace report found that employees worldwide are spending nearly half a day more per week in 2024 on average (3.7 days vs 3.4 days last year) in the office as compared to a year ago.
“Even as people are now spending nearly half a day more in the office compared to a year ago, our research shows that both employees and employers yearn for workspaces that inspire innovation and promote productivity. If they’re to endure long commutes and arrange childcare, the destination must be an environment where ideas soar,” says Swatasiddha Majumdar, Principal, Strategy at Unispace India. “There’s also been a noticeable change this year where employees are actively seeking workplaces that enable individual focus, rather than reserving concentration for work from home.”
Time spent in office
While face-to-face collaboration remains a top incentive for coming to the office, in reality, employees worldwide report spending 64% of their time in the office at their desks. Interestingly, Indian employees with 50% average reported time are least likely to spend time at their desks while working from the office.
The report further reveals that Indian employees’ inability to work productively at the office is hampered most by noise, or problems with temperature and air quality. Finding no time to exercise or staying active during the workday is an additional challenge that can cause physical and mental exhaustion.
To mitigate these challenges, the Unispace report recommends a combination of furniture and workplace configurations that cater to various tasks and working styles. “People now seek quiet areas for focused work and flexible spaces for various activities and collaboration. By addressing these needs, companies can better support their workforce, supporting both productivity and employee wellbeing,” Majumdar added.
The Unispace report also reveals that Indian employers’ confidence in their workplace’s capacity to foster innovation shows a downward trend. While 96% of employers in India believed that their workplace enables employees to be innovative in 2023, the number has dropped to 85% in 2024.
The report further reveals the biggest motivators for Indian employees to work from office, noting that paid-for or subsidized travel (parking or public transportation), access to more training or development programs, or free drinks, coffee and snacks are the top three reasons for them to feel happier to spend more time in office. Additionally, technology infrastructure, wellbeing areas for relaxation or stress relief, and hygiene facilities make up the top three essential reasons for Indian employees to work from the office.
Green Building Construction to gain major momentum in Bihar
Patna, 25 Sept 2024: CII Bihar and Indian Green Building Council Patna, organised the 3rd edition of ‘Bihar Green Conclave’ with theme Greening Residential, Office and Interior Spaces at Hotel Lemon Tree, Patna.
Speaking on the occasion, Nitin Nabin, Minister, Urban Development & Housing Department realised the need of green construction in the state and said, “the state government would encourage the green construction practices being a promoter of the concepts to encourage all the stakeholders from the building industry.” He stressed on two factors which would be instrumental in making government a promoter of green building practices – Scope in converting the existing government projects and mandating the new upcoming projects as green compliant and bringing suitable policies to encourage green construction in the state. He further mentioned on exploring various policies on incentivising green buildings by other states in the country and adopting best suitable policy for Bihar. The minister invited all the relevant parties such as CII-IGBC, CREDAI, IIA to join hands with Urban Development & Housing Department and help in finalising the most suitable policy for the state. He also mentioned few of the existing practices at city and municipal level towards making Bihar a sustainable built state such as segregation of waste, water conservation etc.
Dr. Satyajit Kumar Singh, Chairman, CII Bihar State Council, Director, Ruban Memorial Hospital spoke about sustainability in healthcare facilities. He said, “Introducing green concepts in the healthcare facilities can help address National issues like infection, epidemics, handling of bio-medical waste, water efficiency, energy efficiency, reduction in fossil fuel use for commuting, consumer waste and in general conservation of natural resources. Most importantly, these concepts can enhance patients’ health, recovery and well-being”.
Spearheading the green building movement in India from over two decades, CII-IGBC with the support of all the stakeholders has facilitated India to become one of the top three countries in the world in terms of largest registered green building footprint. As on date, over 14,400 green building projects, amounting to over 12 billion sq. ft. are adopting IGBC green building rating systems.
Sudip Kumar, Chairman, IGBC Patna Chapter and Chairman, LaaCasa Developers said, The need of certifying the project ultimately becomes the end result of the overall efforts put in by many stakeholders in a project, starting with the vision of the developer/project owner, design team, MEP team, HVAC team, the other consultants involved in the projects to the end users which feel satisfying in investing in those projects. Hence the achievement of a green certification for a project becomes an aspiring and encouraging factors for all of them to do better and keep improving the building performance on energy, water, environmental parameters.
Sachin Chandra, Chairman, CREDAI Bihar and MD, Swadha Developers urged the minister to consider and support in bringing a robust policy which could drive the adoption of green building concepts more practically. He further highlighted on various policies by the other state governments in the country.
Gaurav Sah, Vice Chairman, CII Bihar and Director, L V Best Pvt Ltd while speaking on sustainable industrial practices urged to the CII members and other industrial facility owners to envision their green mission and make their factories, manufacturing units, supply chain, warehouses etc as green complaint and contribute to the sustainable development of the state and the country.
Abhishek Sharma, Co Chairman, IGBC Patna Chapter and Principal Architect, PRAYOG concluded the inaugural by highlighting all the deliberations and assured the minister that a team comprised of CII, IGBC, CREDAI, IIA would meet him and his department to brainstorm on the best possible policy framework for the state to consider and further implement.
The conclave was attended by over 90 key stakeholders from the building industry such as developers, architects, engineers, government officials, academicians and other industrial and corporate leaders.
Neo Developers received the OC for one of their projects
NEO DEVELOPERS, one of the leading builders in Delhi NCR has formally secured the Occupation Certificate (OC) for NEO Square Project located on Dwarka Expressway Sector – 109.
Neo Square is an exceptional commercial hub, featuring a variety of beautifully designed spaces that exemplify world-class standards. This Grade-A development offers seamless connectivity to UER I & II, SPR, and NH-8, making it ideal for high-end market segments. The expansive project includes diverse commercial offerings such as retail shops, a food court, restaurants, supermarket, cinema, and office spaces.
This project is developed in 3.07 Acres of land with 12 lakh Sq. Ft. total built-up area.
- There are numerous features in the project:
- ~6 lakh sq ft of development in Phase – I
- ~1.6 lakh sq ft dedicated to retail from GF to 3F
- ~3 lakh sq ft of office development 5F to 17F
- High speed elevators to ensure ease of movement
- Adequate provision for over 1600 car parks
- Separate drop off points for office and retail
- Vastu compliant ‘East’ facing building
- Energy efficient building
- 24X7 CCTV surveillance
- Fully Air Conditioned with 100% Power Back
- Zero waste generation
In close proximity to major residential developments with over 50,000 dwelling units: Sobha International city, Raheja Atharva, Vedaanta, The Vedas & Shilas, IndiaBulls Enigma, Chintels Serenity, Acropolis & Paradiso, CHD sector 109.
India Emerging as a Global Manufacturing Hotspot
Sept 27th, 2024 – CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, today released its report titled, ‘Fortifying India’s I&L landscape with a new manufacturing growth formula’. The report reveals that the manufacturing sector’s growth has significantly contributed to warehousing demand. The share of sectors catering to the manufacturing space, including engineering & manufacturing, electronics & electricals and auto & ancillary sectors, within the total warehousing demand across major cities, has increased substantially, growing from 15% in 2019 to 24% in 2023 and 25% in H1 2024. The total leasing for warehousing from these manufacturing-related sectors stood at 4.1 mn. sq. ft. in H1 2024.
As per the report, Pune has shown the highest increase in warehousing and industrial space take-up by manufacturing players, growing from 6% in 2019 to 13% in H1 2024. Delhi-NCR and Kolkata have also seen notable increases, reaching 18% and 12%, respectively, in H1 2024*. This surge is attributed to factors like adoption of the China + 1 strategy by global manufacturers and supportive policies such as the Production Linked Incentive (PLI) scheme, now covering 14 sectors.
Sectoral distribution of warehouse leasing in manufacturing sector
India’s engineering and manufacturing sector has seen a significant surge in warehouse leasing. The report shows that the sector’s share of total warehouse leasing grew from 8% in 2023 to 11% in H1 2024. The top sub-sectors driving warehouse leasing from 2019 to H1 2024 include domestic appliances, auto components, and the automobile industry, reflecting robust demand across these key segments.
India’s economy continues to demonstrate resilience, exhibiting sustained growth underpinned by several positive indicators. With a surging GDP in 2023 and a projected growth rate of 6.5-7% over 2024-2026, India emerges as one of the frontrunners in the global economic race. This ambitious goal appears increasingly attainable due to a decade of successful policy reforms that have propelled economic growth. The manufacturing sector plays a key role, contributing 14% of GDP and employing over 27.3 million people. In June 2024, the Services PMI hit a 14-year high of 60.5, while manufacturing PMI stood at 58.3, reflecting expansion and the strongest growth in three-and-a-half years. The Index of Industrial Production (IIP) grew by 4.2% in June, pushing overall industrial growth to 5.8% in FY 2023-24.
India’s favorable business environment, boosted by streamlined regulations and a jump in global rankings, has attracted strong foreign direct investment (FDI). Private consumption also continues to drive growth, with its share of GDP rising from 56.5% in FY2012 to 60.3% in FY24.
Favorable Government policies enabling manufacturing growth
To reduce high logistics costs, the government is optimizing freight movement by shifting to more cost-effective and sustainable transport modes through initiatives:
- GatiShakti National Master Plan and logistics-specific reforms
- These efforts aim to improve supply chain efficiency, promote green practices, and enhance India’s manufacturing competitiveness globally
In addition, the Indian government is working to reduce production costs through a series of tax reforms, incentives, and infrastructure improvements. Corporate tax cuts, the Goods and Services Tax (GST), and R&D tax benefits are among the measures supporting growth. Key policies such as the Production Linked Incentive (PLI) Schemes, Make in India, and the National Logistics Policy further reinforce India’s competitive edge.
Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE, said,“Amidst evolving global geopolitical landscapes and economic challenges, India presents a compelling opportunity for growth. India’s manufacturing sector is on the cusp of a transformative journey, attracting significant interest on the global stage. This remarkable trajectory is driven by a combination of factors, including a stable investment environment, strategic government initiatives, and a thriving domestic market.
Continued economic development in both leading and emerging Asia Pacific markets will boost consumer demand for manufactured goods and further fuel the growth of the region’s manufacturing sector”.
Rami Kaushal, Managing Director, Consulting & Valuation Services, India, Middle East & Africa, CBRE, said, “India’s robust industrial infrastructure has been crucial in driving its manufacturing sector forward. It emphasises the nation’s appeal for ease of business, encourages collaboration, and enhances productivity. Furthermore, it has attracted foreign direct investments (FDIs), driven export growth, and created substantial employment opportunities, cumulatively contributing to the manufacturing sector’s expansion.
Additionally, the government is taking steps to attract private capital and implement administrative reforms to streamline the planning and execution of infrastructure investments, aiming to improve efficiency”.
Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, said, “The government’s focus on “Make in India” and “Atmanirbhar Bharat” initiatives have set the stage for India’s manufacturing revolution. Strategic government initiatives, a thriving domestic market and a young and skilled workforce, are all coming together to make India a global manufacturing leader. India’s focus on trade agreements holds immense potential for its manufacturing sector and will act as a trade catalyst. This presents a golden opportunity for India’s manufacturers to diversify from the dominance of the services sector and capture a larger share of the global manufacturing pie”.
Way Forward: India’s Push Towards Becoming a Manufacturing Giant
Advanced manufacturing leverages state-of-the-art technologies to streamline and optimise every aspect of the production process. By embracing these cutting-edge techniques, companies gain a significant competitive advantage, enhancing their productivity, efficiency, and adaptability.
| Challenge | Recommendations | ||||||
| Project timelines and profitability impacted by delays in land acquisition and obtaining necessary clearances | -Nationwide single window clearance system. -Expedite land acquisition and environmental clearances. -Dedicated committees to oversee project planning and implementation. -Securing land and other necessary approvals prior to issuing project tenders. |
||||||
| Complex infrastructure financing |
|
||||||
|
-Set clear objectives for all stakeholders and decision-makers. -Establish an accountability matrix and a timebound dispute resolution mechanism. |
||||||
| Complex regulatory landscape | – Adopt a uniform and simplified tax structure for infrastructure projects
-Develop resilient processes to decode and address complex regulations. |
||||||
| Limited connectivity of industrial complexes | – Adopt ‘comprehensive industrial clusters’ instead of individual parks such as textile clusters, chemical clusters, etc. – New port infrastructure development planning to include integrated industrial zones and comprehensive last-mile road and rail connectivity. |
||||||
|
– Include the manufacturing of Corten steel as an integral part of the policy essential to make the production of containers cheaper in India.
– Rework the PLI scheme for container manufacturing |
The Significance of Architecture and Landscaping in a real estate development
The Indian real estate market has seen incredible expansion and transformation over the past few years. As the industry flourishes, there is a greater focus on creating holistic living experiences that go beyond just the four walls of a house, positioning architecture and landscaping as the cornerstones of a development, elevating both the value and appeal of new communities.
Combining these two areas improves a property’s aesthetic appeal as well as its usability, sustainability, and overall value. The industry’s dedication to designing spaces that meet consumer expectations had raised the bar for residential real estate, thus enhancing the value of a property – outlines Anjana Sastri, Director – Marketing, Sterling Developers.
Elevating Living Standards Through Architecture
The role of architecture in residential real estate has evolved from merely providing functional spaces to creating environments that upgrade the quality of life. The modern homebuyer is increasingly looking for spaces that reflect their aspirations and place an increasing emphasis on aesthetics, functionality, and sustainability.
Owing to this transformation, the real estate sector is now looking for creative architectural designs that include cutting-edge design principles with requirements like natural light and ventilation, as well as careful material selection, greatly lowering the carbon footprint. In addition, cost and energy-efficient systems, eco-friendly and sustainable materials are integrated with sophisticated technologies that meet contemporary needs and improve quality of life.
Creating Lush, Livable Communities through Landscaping
While architecture carefully develops and addresses structural and aesthetic aspects, landscaping skillfully improves the surrounding spaces by combining natural elements with the built form. This enhances the overall aesthetic and practicality of the environment, creating spaces that allow residents to connect with nature, promoting wellbeing and emphasizing the property’s overall appeal.
Well-designed landscape can improve and significantly increase the value of a residential home by offering elements like gardens, water features, and tree-lined paths that all promote habitation and a sense of peace. By means of integration of native plants and sustainable water management techniques, landscape designers have the ability to transform living environments into ones that are both enjoyable and environmentally conscious, which enhances a property’s appeal and contributes to its environmental sustainability.
Prime benefits of architecture and landscaping
Essentially, the secret to converting ordinary residential real estate into desirable living spaces is the harmonious combination of landscaping and architecture. This not only raises property value but also fosters the creation of warm and inviting environments that improve long-term investment returns. Potential purchasers frequently form an opinion of a home based primarily on its aesthetic appeal, and well-planned architecture and landscaping can produce interesting, eye-catching areas.
In addition to offering green spaces that enhance mental and physical health and build a sense of community, well-thought-out design also improves quality of life. Sustainability is becoming increasingly important, and eco-friendly landscaping techniques conserve resources, encourage biodiversity, and lessen environmental impact. Furthermore, well-landscaped open spaces offer room for unwinding and exercise, improving general wellbeing.
In summary, residential real estate is being redefined by the tasteful addition of architecture and landscaping, which turns homes into vibrant, sustainable communities that cater to the needs of modern homeowners. Developers are enhancing the aesthetic appeal and use of residential structures as well as the overall quality of life for homeowners by carefully integrating built spaces with natural landscapes. A thorough approach can result in the development of a community that promotes a healthy lifestyle, environmentally responsible residents, and open green spaces for the community to enjoy. For the Indian residential real estate landscape to remain desirable, sustainable, and elevated in the years to come, the synergy between architecture and landscaping will continue to be a key factor.
Luxury Living Redefined: Trends and Innovations in India’s Luxury Residential Market
India’s luxury residential market has seen drastic changes over the years. A report by Cushman and Wakefield says Delhi-NCR is moving ahead among India’s major cities to offer luxury homes with prices to the tune of Rs 15,000 per sq. ft, accounting for 61 percent of all new residential projects. This shows that more spacious and opulent living has become a growing trend.
According to JLL, in H1 2024, Delhi NCR witnessed around 23,500 residential units being launched in the market. This is higher than the 22,707 units launched in 2023. As for new launches, Gurugram dominated with 55%, while Noida contributed 35%. Notably, more than 26% of these new launches, totaling about 6,200 units, comprised luxury apartments priced at over INR 5 crore
Luxury home demand is expected to move upward with rising incomes, greater urbanization, and upcoming airports like Jewar International Airport. It’s an exciting time for both buyers and investors in the luxury real estate market. Delhi-NCR is indeed experiencing huge investments in deluxe projects and a strong aspiration for spacious, high-class homes. Going by the development scale and pace, Delhi-NCR will certainly be one destination that promises unbeaten luxury living experiences to those looking for nothing but the best in terms of comfort and style.
A recent report by Anarock claims there is a growing trend for luxury homes with environmentally friendly features. Luxury residences above Rs 1.5 crore accounted for 45% of all housing sales in the National Capital Region in the first half of 2024. The figure has risen from just 3% in 2019, clearly reflecting a sharp swing towards luxury living that integrates environmental sustainability.
The desire for larger, more open living spaces is also shaping the luxury real estate market. With a focus on comfort and spaciousness, many buyers are shifting toward properties with expansive floor plans and ample outdoor areas. The trend toward open spaces, including green areas and elite clubhouses, reflects a preference for environments that offer both privacy and opportunities for socializing.
Today, people expect features such as private pools, home theatres, spa-like bathrooms, and gourmet kitchens in luxury properties. These features not only enhance the living experience but also cater to the desire for indulgence and convenience in modern homes. Smart security systems are essential parts of homes today. Home automation and voice-activated controls may control lighting, temperature, security, and entertainment systems, all of which are controllable through a smartphone app or voice commands. This increases both the convenience and safety features of such a house.
Prateek Group is one of the renowned developers with luxury projects in Noida and Ghaziabad. With a sharp insight into emerging trends, Prateek Group continues to innovate to deliver residences that epitomize the very essence of luxury living. The Group’s upcoming premium luxury project is focused on personalization, spacious designs, and sustainable practices. This development promises to encapsulate the latest trends in luxury housing, offering buyers ultimate comfort and style.
The luxury real estate sector is an evolving market characterized by the integration of personalization, technology, and seamless sustainability. They are not only opulently expensive surroundings but integrate personal preferences with advanced technology. As trends continue to change, luxury real estate will see even more innovation, adaptation, and evolving customer preferences.
Palo Alto Networks Named a Leader in Inaugural Attack Surface Management Report
India, Mumbai– 27 September 2024 — Palo Alto Networks®, the global cybersecurity leader announced that it has been named a leader in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024. In the inaugural report, Palo Alto Networks Cortex Xpanse® received the top score in the strategy category and the highest possible scores in the vision, innovation and roadmap criteria. Palo Alto Networks believes this position as a leader further affirms our AI-powered Cortex platform as the leader in security operations center (SOC) transformation.
Gonen Fink, SVP Products, Cortex and Prisma Cloud, Palo Alto Networks:
“Palo Alto Networks delivers an unrivaled platform for SOC transformation, built on truly unified data and powered by AI and automation. As a pioneer of attack surface management, we’re committed to helping customers proactively reduce risk across their entire attack surface with our leading platform for modern security operations. We remain at the forefront of the market, recognizing the essential need for organizations to have comprehensive visibility to effectively manage and protect their increasing number of assets.”
Many organizations are grappling with challenges in managing their attack surfaces that often go unnoticed, with over 23% of internet-connected exposures impacting critical IT and security infrastructure. Organizations simply can’t secure what they don’t know exists. Cortex Xpanse enables organizations to find and automatically fix exposures across their entire attack surface by scanning over 500 billion internet-facing assets daily, enabling teams to discover 30-40% more assets in their environment than they were previously aware of. As part of the AI-powered Cortex SOC platform, Cortex Xpanse delivers attack surface management to the industry-leading XDR, SOAR, and SIEM capabilities to radically transform and simplify security operations.
Palo Alto Networks was recognized as a leader in Forrester’s evaluation that acknowledged eleven vendors and focused on three categories: current offering, strategy and market presence. Palo Alto Networks has also been named a leader in other important evaluations of the security operations market including being named a leader in The Forrester Wave™: Extended Detection and Response (XDR) Platforms, Q2 2024 and The Forrester Wave™: Cybersecurity Incident Response Services, Q2 2024.
Festive frenzy: Housing.com’ Online Home Search Index Soars 10% In Aug2024; 2BHK still the most searched configuration
Mumbai, September 27, 2024 – Housing.com, India’s leading full-stack proptech platform, today released findings of its IRIS (Indian Residential Index for Online Search) Index, which showcases a significant uptick in homebuyer interest as the festive season approaches.
The latest IRIS Index report indicates a remarkable 10% month-on-month increase in online property search activity for August 2024, pushing the index to 99 points – the highest reading since December 2023. This surge in interest does not come as a surprise to industry experts, with the festive season traditionally driving up real estate transactions in India.
Mr. Amit Masaldan, Chief Revenue Officer, Housing.com, said, “The festive season has always been a seasonal catalyst for the real estate market. What’s particularly exciting this year is the intensity of buyer interest we’re seeing even before the core festive period begins. It’s a clear indication that the market is poised for significant activity in the upcoming festive season, starting with Navratri until December end.”
The ‘September 2024 IRIS Index Report’ from Housing.com highlights several key trends in India’s real estate market. Delhi-NCR leads in online property searches on the platform, with a notable preference for 3BHK properties priced between ₹50 lakh and ₹2 crore. In contrast, Mumbai’s property market shows high demand for 1BHK homes, particularly in the ₹50 lakh to ₹1 crore price range.
Data also show that ready-to-move-in homes remain a top priority for buyers, with 50% of searches focusing on properties available for immediate possession. The most popular price range is between ₹50 lakh and ₹1 crore, while 2BHK apartments are the most searched configuration at 37%, closely followed by 3BHK options at 32%.
Among Tier-2 cities, Indore stands out, experiencing a 4-point monthly increase in searches, making it the most sought-after market in this category. Jaipur, Lucknow and Vadodara top the next three positions on the index. Unlike prime residential markets where 2BHK homes are a priority for buyers primarily due to price pressure, 3BHK units are the most searched configurations in Tier-2 cities.
As the festive season kicks into high gear, Housing.com anticipates a further acceleration in market activity. Developers across the country are gearing up with attractive festive offers, flexible payment plans and new project launches to capitalise on this seasonal uptick in demand.
Mr. Masaldan further added, “The combination of pent-up demand, festive auspiciousness, and strategic developer offerings is creating a perfect storm of opportunity in the residential real estate market. We expect the upward trend in search activity to translate into robust sales figures as we move deeper into the festive period.”
Overall, the findings of the index indicate that despite rising prices, India’s housing market is anticipated to conclude 2024 on a strong note, largely fueled by robust sales during the festive season and an increase in new project launches.
Data available with Housing.com show property prices in majority of prime residential markets showed double-digit growth in the past one year. At the same time, consumer sentiment in India remains robust —on the LSEG/Ipsos PCSI survey for September 2024, for instance, India is placed at the second position after Singapore in a list of 29 countries. The monthly survey tracks consumer attitudes on local economies, personal finance, savings and investment confidence.
Mt. K Kapital raises over INR 500 CR for its maiden fund, invests in 5 projects across prime locations in Mumbai with Rustomjee
Mumbai, 26th September 2024: Mt. K Kapital announces the raise of over INR 500 CR̥ for its maiden fund (Mt. K Resi Development Fund Category II SEBI registered Alternative Investment Fund) from marquee investors like SBI, ICICI Bank, Famy Care and other HNIs. Over INR 300 CR of the funds raised to date have already been committed towards 5 projects in some of Mumbai‘s prime locations. The fund is now exercising its green shoe option and is targeting to do a final close shortly.
The identified projects include The Panorama (Pali Hill, Bandra West), Ocean Vista (Versova Beach, Andheri West), Cliff Tower (Mt Mary Road, Bandra West), Dhuruvadi (Prabhadevi) and Crescent (Pali Hill, Bandra West). Both Panorama and Ocean Vista have received the necessary approvals, with construction in progress and active upward sales. The fund‘s unique investment structure allows investors to capitalise on its strong performance. Furthermore, favourable macroeconomic conditions are likely to strengthen the real estate market and potentially drive expected IRRs beyond 25%.
Mt. K Kapital’s core strategy targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai. Led by Binitha Dalal and Abdeali Tambawala, the team has over five decades of combined experience in real estate and fund management. Mt. K Resi Development Fund, an ESG Impact Development Fund plans to invest in 10-12 projects across the MMR, focusing on redevelopment with the Rustomjee Group.
Boman Irani, Chairman & Managing Director of Rustomjee Group, added, “It is an exciting time to invest in real estate. The Mt. K platform is built on the principles of transparency and alignment of interest between the investor and the developers. We believe that our structure will offer value to investors looking to capitalise on the growth of real estate as an asset class. Backing this platform aligns with our philosophy of value creation for all stakeholders.”
Binitha Dalal, Founder and Managing Partner, Mt. K Kapital, said, “We are excited to have visionary investors and Rustomjee‘s support in building this platform. The strong response validates our goal of becoming a leading real estate development fund management company. With a distinct market advantage, we are committed to channelling the right capital into the real estate sector and remain bullish on investment opportunities in the MMR. The current performance of our investments and the selection of strategic locations for our projects have reaffirmed our investment thesis. We are evaluating a robust pipeline of similar projects along with deal sizes between INR 60-90 CR to strengthen our portfolio.”