Godrej Properties Achieves Record Q2 and H1 Performance in Bookings and Collections
Bangalore, October 7, 2024: Godrej Properties Limited (GPL) , a leading national real estate developer, announced it has achieved its highest ever Q2 and H1 performance on several critical operational parameters including bookings, collections, operating cash flow, and new business development
· Godrej Properties delivers its highest ever Q2 and H1 bookings.
o Q2 FY25 booking value grew 3% YoY to nearly INR 5,200 crore from sale of over 5.1 million sq. ft. This is the highest ever Q2 booking value achieved by Godrej Properties.
o H1 FY25 booking value grew over 89% YoY to over INR 13,800 crore. This was achieved through the sale of over 8,600 homes with a total area of over 14 million sq. ft. This is the highest ever H1 booking value achieved by Godrej Properties.
o GPL has achieved 51% of its annual guidance for booking value for FY25. In the past 5 financial years, GPL has averaged 37% of its full year sales in the first half of the financial year.
o Sales in Q2 FY25 were driven by strong demand in some key new project launches including Godrej Vrikshya in NCR, which delivered a booking value of nearly INR 1,500 crore and Godrej Woodside Estate in MMR, a plotted development project, which delivered a booking value of more than INR 600 crore.
o GPL’s bookings in NCR, Bengaluru & MMR in H1 FY25 grew 69% to over INR 5,400 crore, more than 200% to over INR 3,800 crore and more than 100% to over INR 3,100 crore respectively.
· Highest ever Q2 and H1 collections & operating cash flow (OCF)
o Q2 FY25 collections stood at over INR 4,000 Crore representing a YoY growth of 68% and H1 FY25 collections stood at over INR 7,000 Crore representing a YoY growth of 62%. This is the highest Q2 and H1 collections achieved by Godrej properties respectively. GPL has achieved 47% of its annual guidance for collections for FY25.
o Q2 FY25 OCF stood at over INR 1,800 Crore representing a YoY growth of over 120% and H1 FY25 OCF stood at over INR 2,800 Crore representing a YoY growth of over 200%. This is the highest ever Q2 and H1 OCF achieved by Godrej Properties respectively.
· Strong start to the year for business development
o GPL has added 8 new projects in year-to-date FY25 with a total estimated saleable area of approximately 11 million sq. ft. and total estimated booking value potential of ~INR 12,650 Crore. This included 6 new projects with an expected booking value of 9,650 Crore in Q2. GPL has achieved 63% of its annual guidance for business development in H1 FY25.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the scale up we have achieved in the past couple of years. The sales bookings of over INR 13,800 crore in H1FY25 surpasses our annual bookings in FY23. We are pleased that this sales growth was on the back of both an improving project mix as well as strong volume growth of 89%. Importantly, our robust sales performance, has translated into record collections growth of 62% to over INR 7,000 crore and Operational cash flow growth of over 200% to over INR 2,800 Crore in H1FY25. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties.
Our business development additions of Rs 12,650 crores in H1FY25 will ensure that we continue to have a strong launch pipeline not just for the current year but for years to come. This includes a number of projects at the prestigious Golf Course Road in Gurugram. We have also entered the market of Indore recently and are looking forward to our first launch in this city. We have built a deep understanding across the key real estate markets in India and are greatly excited by the potential the next several years offer for us to deliver sustained high-quality performance across all key operating metrics.”
Kalpataru Real Estate Transforming Vikhroli West’s Commercial Spaces for a Thriving Community
Mumbai, 05, October 2024: Kalpataru, a leading real estate developer in the Mumbai Metropolitan Region, is proud to announce the launch of Kalpataru Virtus, a premium commercial property set to redefine the standards of workspace innovation in Vikhroli West.
Strategically located at the heart of Mumbai’s emerging business districts, Gandhi Nagar Junction on the Jogeshwari Vikhroli Link Road, Kalpataru Virtus, offers easy access to Powai and upcoming metro stations. Located just 300 meters from Powai and near two forthcoming metro stations, the project ensures effortless commuting for employees and clients.
Designed as a grade A building to meet the highest sustainability standards, Kalpataru Virtus incorporates advanced energy-efficient systems, including a solar rooftop, organic waste converter, intelligent LED lighting, and a sewage treatment plant. The state-of-the-art 30-storey tower boasts a stunning full-glazed glass façade, creating a bright and inviting atmosphere.
With over 2.5 lakh sq. ft. of carpet area, Kalpataru Virtus offers a diverse range of commercial spaces, from 352 sq. ft. to expansive 13,000 sq. ft. units. Each unit features semi-finished interiors and attached washrooms, providing businesses with the flexibility to customize their workspace to their specific needs.
The building includes several key features aimed at providing functionality and comfort that prioritize sustainability, adhere to green building standards, and feature advanced energy-efficient systems at its core. Strategically located in Vikhroli West, it offers enhanced connectivity, with easy access to Powai and upcoming metro stations. Security and comfort are paramount, highlighted by high-speed elevators, a multi-level security system, and a dedicated visitor registration desk. Additionally, the thriving surroundings boast a wealth of educational institutions, healthcare facilities, and retail options, ensuring a vibrant and convenient lifestyle.
CONNECTIVITY
This project stands out due to its exceptional accessibility:
- By Train: Excellent connectivity through local train services, making commutes easy for employees and clients. The Kanjurmarg station is the closest, just 750 meters away, a short walks
- By Road: Major highways and roads provide seamless connectivity to various parts of the city and beyond
- By Rail: The proximity to rail services adds another layer of convenience for logistics and travel
FICCI Hosts Bharat R&D Summit 2024 to Strengthen Industry-Academia Synergy for Innovation
New Delhi, October 5, 2024: The Federation of Indian Chambers of Commerce & Industry (FICCI) organized the Bharat R&D Summit 2024 in New Delhi, focused on boosting collaboration between industry and academia to drive research and innovation. Leaders from academia, industry, and government gathered to address challenges and explore opportunities for fostering India’s innovation ecosystem.
A FICCI compendium of technologies available for commercialization was also released during the event.
Key Focus Areas: Industry-Academia Collaboration
Ms. Jyoti Vij, Director General of FICCI, highlighted India’s strides in innovation but stressed the need for clear outcome metrics for research success and deeper industry-academia cooperation. She emphasized the importance of avoiding the middle-income trap by advancing towards a ‘Viksit Bharat’ through innovation.
Dr. Akhilesh Gupta, Senior Advisor to the Department of Science and Technology, underscored the role of public-private partnerships in overcoming barriers to technology readiness and called for greater private-sector involvement in research and development.
NEP 2020 and Translational Research as Catalysts for Progress
Prof. Sudhir Kumar Barai, Co-Chair of the FICCI Innovation Committee, discussed how the New Education Policy (NEP 2020) fosters multidisciplinary learning and promotes initiatives like the ‘Professor of Practice’ to bridge academic and industrial gaps.
Speaking on the occasion, Ms Anandi Iyer, Co-Chair of, FICCI Innovation Committee and Director, of Fraunhofer India Office emphasized the need for applied research models, such as Fraunhofer’s, to accelerate commercialization of innovations and better align academic research with industry needs.
The summit featured an exhibition showcasing over 50 research projects, reinforcing the message that increased private-sector investment and trust-building between academia and industry are essential for India to become a global innovation leader.
Ganga Realty Launches River Cleaning Campaign in Partnership with Namami Gange Mission
4th October 2024 – Ganga Realty, a leading Gurugram based real estate developer has taken a significant step towards environmental conservation with the launch of its river-cleaning campaign. Aligned with the Namami Gange Mission, the campaign aims to restore the purity and vitality of India’s rivers. The initiative began with a large-scale cleaning drive at the Namami Gange Chandi Ghat in Haridwar, marking the start of Ganga Realty’s commitment to sustainable environmental practices.
The first river-cleaning event took place on 17th September 2024, with over 100 volunteers, including local community members, participating. The event was graced by dignitaries such as Vishal Sharma, AVP Sales and Shobhit Chaudhary, Senior General Manager at Ganga Realty. Their presence underscored the importance of collective efforts in environmental conservation.
In partnership with Namami Gange and Ganga Vichar Manch NGOs, Ganga Realty employed manual cleaning techniques with active community involvement. The campaign focused not only on cleaning the ghat but also on ensuring proper waste management. Collected waste was carefully segregated for recycling, while non-recyclables were responsibly disposed of to minimize environmental impact.
Ganga Realty’s collaboration with the Namami Gange Mission highlights its dedication to preserving India’s rivers. By addressing pollution and promoting sustainable waste disposal, the campaign supports the government’s broader mission to rejuvenate the Ganga and other rivers.
“We are committed to expanding our efforts across key ghats of the Ganga River and beyond. This is just the beginning of our long-term vision to ensure cleaner rivers and a healthier environment,” said Vikas Garg, Joint Managing Director, Ganga Realty.
BCE Honours Shreyas Webmedia Solutions at the 2024 Entrepreneurs Excellence Awards
October 3rd, 2024/Bhubaneswar: On October 2, 2024, the Business Club of Entrepreneurs (BCE) celebrated the spirit of entrepreneurship at the BCE Entrepreneurs Excellence Awards 2024 held at KT Global School in Barunei, Khordha, Odisha. The event showcased a remarkable gathering of innovators, creators, and business leaders, all dedicated to fostering growth and excellence within their communities.
The awards ceremony was meticulously organized by Ms. Nivedita Satpathy, the Convenor, alongside Acharya Madhuri as Co-Convenor. Key coordinators included Mr. P.K. Dixit, Ms. Snigdha Sangamitra, Prafulla Barik, and Purnendu Ray, who worked tirelessly to ensure the event ran smoothly.
Shreyas Webmedia Solutions showcased an exhibit at the event and received recognition during the ceremony, where Ms. Rekha Nair, the Director of HR and Operations, was honored by the chief guest, Chandan Kar, a renowned Ollywood actor and IT professional. This accolade underscores the company’s commitment to innovation and excellence in the digital realm.
Celebrating Local Talent
The event also celebrated the achievements of women from small-scale industries in Baripada, a rural area in Odisha. Their contributions to local entrepreneurship were acknowledged, highlighting the importance of empowering women in business and fostering a supportive environment for their growth.
The BCE Entrepreneurs Excellence Awards 2024 featured various categories, including the MSME Excellence Award, MSME Woman Entrepreneur of the Year, and MSME Young Entrepreneur of the Year. These awards aim to encourage and recognize outstanding performances within the micro, small, and medium enterprises sector.
Cultural Extravaganza
Beyond the awards, the event was enriched by vibrant cultural activities. Attendees enjoyed captivating performances, including traditional Odissi dance and the Paika dance, a martial folk dance of Odisha, showcasing the rich cultural heritage of the region.
Dr. Deep Khare, Director & Principal of KT Global, along with Ms. Rinku Sarangi, Vice Principal, addressed the gathering, emphasizing the importance of entrepreneurship in driving economic development and cultural preservation.
Exhibitions and Networking
In addition to the awards, the event featured various exhibits, showcasing an array of local craftsmanship and industries. Stalls included handloom textiles, exquisite jewelry, Sambalpuri handloom products, Odisha pattachitra art, millet promotion initiatives, real estate options, and innovative water filter solutions. These exhibits provided a platform for entrepreneurs to network, share ideas, and promote their products.
The BCE Entrepreneurs Excellence Awards 2024 was a resounding success, celebrating the dynamism of local entrepreneurs and honoring those who have made significant contributions to their fields. With the participation of esteemed guests and local talents, the event not only recognized achievements but also inspired future generations to pursue their entrepreneurial dreams. As the BCE continues to champion excellence in entrepreneurship, the impact of such events will surely resonate throughout the community for years to come.
Proptiger.com Report: India’s Residential Real Estate Hits Historic Low in Inventory, Indicating Strong Demand
Mumbai, 1st October 2024: The Indian residential real estate market has hit a historic milestone, with inventory overhang (the estimated time required to sell off unsold stock based on sales velocity) dropping to 22 months in the June quarter, down from 34 months in the corresponding quarter last year. This decline underscores robust demand across the sector. Notably, the inventory overhang varies significantly across regions, with Delhi-NCR recording the highest at 31 months and Kolkata the lowest at 16 months.
In its quarterly report titled ‘Real Insight Residential – April-June 2024’, the Gurugram-headquartered firm highlighted significant improvements in key regions, with NCR’s Gurugram witnessing a substantial decline in inventory overhang from 72 months in Q2 2023 to 31 months in Q2 2024. Ahmedabad also showed strong performance, reducing its inventory overhang from 33 months to 18 months during the same period, reflecting the healthy demand dynamics in these markets.
Regarding unsold inventory, the report noted that despite a moderation in supply and absorption rates, India’s residential real estate market displayed resilience, achieving a 2% year-on-year decline, bringing the total to over 9.26 lakh units as of June 30. This reduction underscores the market’s capacity to adapt to evolving conditions, maintaining overall stability and indicating sustained buyer interest across various regions.
Mr. Vikas Wadhawan, Group CFO -REA India & Business Head, PropTiger.com, said, “The significant reduction in inventory overhang to 22 months from 34 months year-on-year reflects strong and sustained demand in India’s residential real estate market. Cities like Gurugram and Ahmedabad have shown remarkable progress, with NCR – Gurugram overhang dropping from 72 months in Q2 2023 to 31 months in Q2 2024, and Ahmedabad’s from 33 months to 18 months over the same period. This trend, combined with a 2% annual decline in unsold inventory to around 9.26 lakh units, underscores the market’s resilience and effective adjustment to evolving conditions. As we approach the festive season, we anticipate this positive momentum will continue to gain strength, further boosting market activity and buyer engagement across the country.”
Inventory Overhang:
Inventory overhang across key Indian cities has shown notable improvement compared to the same period last year. Ahmedabad and Bangalore saw significant reductions, with Ahmedabad’s inventory overhang decreasing from 33 months to 18 months and Bangalore’s from 36 months to 18 months. Delhi-NCR experienced a substantial drop from 72 months to 31 months, while Kolkata achieved a remarkable reduction from 34 months to just 16 months.
On a pan-India level, the overall inventory overhang decreased to 22 months from 34 months, reflecting a healthier balance between supply and demand in the residential real estate market.
Unsold Inventory:
Ahmedabad led the way in reduction in unsold inventory with the highest reduction, cutting over 12,500 units, followed by the NCR region, which saw a decrease of over 9,400 units. These reductions reflect healthy demand and a positive market outlook in these key cities, indicating that the market is effectively absorbing the available stock.
The Mumbai Metropolitan Region (MMR) and Pune — the two most important real estate markets in Maharashtra — accounted for 54 per cent of the total unsold inventory across top 8 cities at the end of the latest June quarter. The MMR and Pune markets have comparatively high unsold stock because of an increase in the number of new launches by developers as a response to strong consumer demand. In MMR, the unsold housing stock rose 1 per cent to 3,39,362 units in April-June 2024 from 3,35,476 units in the corresponding period of the previous year.
Capacit’e Infraprojects Unveils Revamped Website for a Seamless User Experience
Mumbai, India – September 30, 2024 – Capacit’e Infraprojects, a leader in high-end residential, commercial, and institutional construction projects, is excited to announce the launch of its newly revamped website. With a sleek modern design and improved user-friendly navigation, the website aims to enhance the browsing experience for clients, partners, and aspiring talent alike. The redesigned platform highlights the company’s ongoing commitment to innovation, transparency, and accessibility, offering an engaging digital space that reflects Capacit’e’s vision and expertise.
Whether visitors are keen to explore Capacit’e’s latest projects or gain insight into its strategic goals for the future, the enhanced website makes every detail just a click away. From the landing page to project portfolios, each section is thoughtfully curated to provide an immersive journey through the company’s achievements and ambitions. The site’s fresh look is built to engage both industry professionals and those new to the construction space, making it easier to learn about Capacit’e’s robust portfolio, ranging from iconic commercial landmarks to transformative residential complexes.
One of the most exciting additions to the revamped website is the new dedicated Careers page. This feature is designed to attract top talent and provide a direct, simple pathway for job seekers to explore exciting opportunities within the Capacit’e team. With detailed job listings, insights into company culture, and a streamlined application process, the Careers section is perfect for individuals passionate about the construction industry and eager to make their mark. From engineers and project managers to IT specialists and administrative roles, Capacit’e welcomes a diverse range of skills and talents to help drive its vision forward.
“Our newly redesigned website is a reflection of who we are as a company—forward-thinking, innovative, and committed to delivering excellence at every touchpoint,” said Mr. Rohit Katyal, Chairman, Capacit’e Infraprojects. “We wanted to ensure that our digital platform matches the quality of the work we do on the ground, and we believe this new design achieves that. The addition of the Careers page is especially exciting as it allows us to connect with potential team members in a more meaningful and efficient way.”
The revamp is not just about aesthetics—functionality is at the forefront. The intuitive design ensures users can easily navigate through different sections, whether they’re browsing Capacit’e’s project portfolio, reading the latest news updates, or learning more about the company’s future vision. The revamped website is optimized for all devices, ensuring a seamless experience whether accessed via desktop, tablet, or mobile.
Capacit’e Infraprojects invites everyone to explore the new website and provide feedback. “We’re always looking for ways to improve, and we’re eager to hear what visitors think about the new look and feel,” the spokesperson added.
EIILM-Kolkata Launches EKCLE: A Global Hub for Ethical Leadership
Kolkata, 30th September 2024: EIILM-Kolkata, a leading Indian business school, officially launched its Centre for Leadership & Ethics (EKCLE) on Friday, 27th September 2024, at HHI, Kolkata. The launch represents a key milestone in the institute’s efforts to offer globally focused management education. The event featured the signing of a Memorandum of Understanding (MoU) with SEGi University, Malaysia, and included discussions on EKCLE’s vision and upcoming international collaborations. Agreements have already been inked with AICPA & CIMA, upGrad and the University of South Florida, USA for diverse course programmes at undergraduate and postgraduate levels. These courses were launched at the event as well. Prominent dignitaries, including Ms. Stella Lau Kah Wai, Managing Director–Group Operations, Globalisation & Digitalisation of SEGi University, Malaysia; Prof. (Dr.) Srikumar Chakravarthi, Deputy Vice Chancellor (Academic Affairs) & Head of Innovation & New Revenues, SEGi University, Malaysia; Ajay Lalwani, Country Manager of AICPA & CIMA, India; Ms. Tasneem Kapasi, National Manager, Markets, AICPA & CIMA, India; Mr. Sumit Sharma, Director, upGrad; Prof. (Dr.) Rama Prosad Banerjee, Chairman & Director, EIILM-Kolkata and Mr. S.K. Dutt, Principal Advisor & Mentor, EIILM-Kolkata attended the ceremony, highlighting the centre’s emphasis on building global partnerships.
EIILM-Kolkata’s Chairman and Director, Prof. (Dr.) Rama Prosad Banerjee, an edupreneur, senior academician and leader of Vedic wisdom, envisioned EIILM-Kolkata Centre for Leadership & Ethics as not just a seat of management studies but more importantly, a place where the sharpest young minds of our society would learn to harmonise the intrinsic principles of life with the art and science of management.
The Centre for Leadership & Ethics (EKCLE) offers a range of programs in collaboration with top global institutions, including SEGi University, Malaysia, AICPA & CIMA, upGrad and the University of South Florida, USA. Located at the Infinity IT Lagoon in the Electronic Complex of Salt Lake, the centre combines traditional values with modern leadership skills, aiming to equip students with a global perspective while promoting ethical leadership. As part of its holistic educational approach, the centre introduces Mokshanandam: Centre for Blissful Life, focused on stress management. EKCLE offers undergraduate and postgraduate programs, Management Development Programs (MDPs), corporate training and global seminars, all with a strong emphasis on experiential learning and industry internships.
“It is said that leaders are born through heritage; the future leaders are going to be the prophet of the present and profit of the future, invariably embodying the past. EKCLE is poised to sensitise the intrinsic elements of leadership connecting that with the global past, focusing on the decades and centuries ahead”, said Prof. (Dr.) Rama Prosad Banerjee, Chairman & Director, EIILM-Kolkata.
EIILM-Kolkata Launches EKCLE, a Global Hub for Ethical Leadership and Industry Collaboration
Kolkata, 30th September 2024: EIILM-Kolkata, a leading Indian business school, officially launched its Centre for Leadership & Ethics (EKCLE) on Friday, 27th September 2024, at HHI, Kolkata. The launch represents a key milestone in the institute’s efforts to offer globally focused management education. The event featured the signing of a Memorandum of Understanding (MoU) with SEGi University, Malaysia, and included discussions on EKCLE’s vision and upcoming international collaborations. Agreements have already been inked with AICPA & CIMA, upGrad and the University of South Florida, USA for diverse course programmes at undergraduate and postgraduate levels. These courses were launched at the event as well. Prominent dignitaries, including Ms. Stella Lau Kah Wai, Managing Director–Group Operations, Globalisation & Digitalisation of SEGi University, Malaysia; Prof. (Dr.) Srikumar Chakravarthi, Deputy Vice Chancellor (Academic Affairs) & Head of Innovation & New Revenues, SEGi University, Malaysia; Ajay Lalwani, Country Manager of AICPA & CIMA, India; Ms. Tasneem Kapasi, National Manager, Markets, AICPA & CIMA, India; Mr. Sumit Sharma, Director, upGrad; Prof. (Dr.) Rama Prosad Banerjee, Chairman & Director, EIILM-Kolkata and Mr. S.K. Dutt, Principal Advisor & Mentor, EIILM-Kolkata attended the ceremony, highlighting the centre’s emphasis on building global partnerships.
EIILM-Kolkata’s Chairman and Director, Prof. (Dr.) Rama Prosad Banerjee, an edupreneur, senior academician and leader of Vedic wisdom, envisioned EIILM-Kolkata Centre for Leadership & Ethics as not just a seat of management studies but more importantly, a place where the sharpest young minds of our society would learn to harmonise the intrinsic principles of life with the art and science of management.
The Centre for Leadership & Ethics (EKCLE) offers a range of programs in collaboration with top global institutions, including SEGi University, Malaysia, AICPA & CIMA, upGrad and the University of South Florida, USA. Located at the Infinity IT Lagoon in the Electronic Complex of Salt Lake, the centre combines traditional values with modern leadership skills, aiming to equip students with a global perspective while promoting ethical leadership. As part of its holistic educational approach, the centre introduces Mokshanandam: Centre for Blissful Life, focused on stress management. EKCLE offers undergraduate and postgraduate programs, Management Development Programs (MDPs), corporate training and global seminars, all with a strong emphasis on experiential learning and industry internships.
“It is said that leaders are born through heritage; the future leaders are going to be the prophet of the present and profit of the future, invariably embodying the past. EKCLE is poised to sensitise the intrinsic elements of leadership connecting that with the global past, focusing on the decades and centuries ahead”, said Prof. (Dr.) Rama Prosad Banerjee, Chairman & Director, EIILM-Kolkata.
3 years, 600,000 Plus Passengers, 450 Plus Sailings: Cordelia Cruises Redefines Indian Cruising
Mumbai, September 30, 2024 – Cordelia Cruises, India’s premier cruise line, is thrilled to commemorate three years of delivering unforgettable experiences and exceptional services, redefining the cruising landscape in India. Operating the Empress, Cordelia has completed over 450 sailings, hosted more than 600,000 guests, delivered 2,500+ live shows, and called at 10 beautiful ports across the country and beyond.
Over the past three years, Cordelia Cruises has set new industry standards by offering an Indian-inspired cruising experience that goes beyond captivating destinations. Aboard the Empress, guests enjoy a vibrant mix of Bollywood-themed shows, live music, and rock climbing, alongside indulgent dining, lounges, and spa services. With family-friendly activities and world-class entertainment catered to diverse age groups, Cordelia Cruises has become the premier choice for travelers seeking relaxation and adventure on the high seas.
Since 2021, Cordelia Cruises has been the sole cruise line offering consistent voyages to Lakshadweep, facilitating Indian travelers’ discovery of this untouched paradise. In addition to providing a unique travel experience, Cordelia Cruises significantly contributes to the local economy through shore excursions at the island, fostering positive relationships with communities and boosting regional economic growth.
In just three years, Cordelia Cruises has transformed the once widely held notion that cruising was an exclusively Western, luxury experience. By creating a cruise landscape in India that is “built by Indians for Indians,” Cordelia has made luxury cruising more accessible and relatable for Indian travelers. Today, India has a trusted, home-grown luxury cruise operation, where guests not only explore breathtaking Indian and international destinations but also enjoy a world-class experience and varied entertainment options. Cordelia Cruises has firmly established itself as the preferred choice for Indian travelers seeking a seamless blend of comfort, adventure, and cultural relevance at sea.
Cordelia Cruises has been steadily expanding its horizons by expanding its fleet, destinations, and onboard offerings, while embracing technology and sustainable practices. Plans for longer cruises to destinations such as Southeast Asia, Australia, and Middle East are under consideration, with a possible 10-night Chennai to Singapore itinerary being explored for the coming year. Additionally, Cordelia is looking at increasing frequencies on key routes and introducing new domestic itineraries, including potential calls at Visakhapatnam and Puducherry, while continuing efforts to expand cruising options in Lakshadweep. All future plans are being carefully evaluated as we continue to enhance the cruising experience for our guests.
Jurgen Bailom, President and CEO of Waterways Leisure Tourism Pvt Ltd, Cordelia Cruises said “As we celebrate three remarkable years at Cordelia Cruises, I am filled with immense pride and gratitude. Our growth, and the overwhelming support from our guests and partners, are a testament to our mission of bringing world-class, uniquely Indian cruising experiences to life. This journey would not have been possible without the dedication of our team, the loyalty of our guests, and the support of our partners. Together, we are redefining what it means to cruise in India, and the future holds even more exciting opportunities for us all.”
The cruise line’s operations include a mix of weekend and weekday itineraries across both the western and eastern coastlines of the Indian subcontinent. As of August 2024, Cordelia Cruises offers sailings to various domestic and international destinations: Mumbai, Kochi, Goa, to Lakshadweep, and from Chennai to Jaffna, Trincomalee, and Hambantota in Sri Lanka. Cordelia Cruises stands out for its one-of-a-kind itineraries which provide more than simply a journey but also an immersive cultural and environmental experience.