FOMO vs. FOBO – In A House Hunt, One Helps and the Other Hurts
By -Akash Pharande, Managing Director – Pharande Spaces
India’s real estate market provides many opportunities for home buyers. However, it is not easy to navigate, especially for first-time buyers. With so many options and also varying offers from developers, it is often difficult to decide which property purchase ticks all the right boxes for an individual buyer who has never purchased a property before.
Within this complexity, the psychological phenomena of FOMO – the Fear of Missing Out and FOBO – the Fear of Better Options – play big roles in homebuyer decisions. While FOMO can be advantageous in such decisions, FOBO leads to indecisiveness. This can have potentially harmful results.
FOMO and FOBO – Digging Deeper
FOMO is a state of anxiety induced by the fear that one is missing out on an exciting or lucrative opportunity. In real estate, FOMO is what drives timely purchase decisions. As we know, the best projects sell out quickly and prices are also constantly rising, so FOMO is a positive impulse.
On the other hand, FOBO – the Fear of Better Options – causes aspiring buyers and investors to overanalyze the available options. At any given time, more than just a few properties are available to homebuyers that meet their budget, ideal location and lifestyle expectations.
FOBO tends to paralyze the decision-making process because the buyer is constantly hoping to find a superior alternative even if they have already identified a very suitable option. There is, of course, nothing wrong with having plenty of options, but FOBO tends to get buyers stuck in an endless loop of indecision. This can cause them to miss out on perfectly good properties at acceptable price points.
FOMO Can Be Your Ally
Though FOMO has become a derogatory word on social media, it has its advantages. In the context of residential property, it can induce genuine buyers to make timely decisions. This is very important in a market where the best options are often sold out during promotional launches. Infrastructure development, demand, and escalating development costs are constantly pushing up property prices. Homebuyers who experience FOMO at the right time and act on it are often at an advantage in such a fast-paced market.
In many of our cities, projects in high-demand areas often have limited inventory. Once these options are sold and off the market, there may be no similar options available at such prices for a long time – or ever. FOMO helps buyers to overcome hesitation and act quickly when they see a property that meets their needs and budgets.
Likewise, home loan interest rates can be quite volatile, and they play a major part in the overall cost of acquisition. When interest rates are low, FOMO works to the benefit of buyers by driving them to apply for home loans and closing deals before interest rates go up once more. The same is true for periods of discounts, such as the festive season
First-time homebuyers undergo a lot of anxiety when the time comes to take the plunge. FOMO helps convert this anxiety into productive action. Once buyers finally make their commitment, the fear of missing out goes away and relief takes its place.
FOBO – The Fence-sitter Limbo
In contrast, a state of perpetual indecision leads to stress and regret if good options are missed out on. While FOMO can result in positive action, FOBO tends to freeze the decision-making process altogether. While scouting the housing market for a home, this can have catastrophic consequences.
FOBO results in an endless chase after a ‘better’ property, location, or deal. Buyers in this state of ‘analysis paralysis’ tend to see one favourable option after the other snapped up by someone else, or become too costly for them to buy.
With FOBO, a buyer who finds a home in a good area, in a project by a good developer, and at a price they can afford, will entirely miss the bus as they perpetually look for a better deal. By the time they circle back to the previous option, it is often too late.
The endless search for the ‘ideal’ option in a world where perfection is a myth only results in emotional distress and lost opportunities. Yes, the housing market is replete with options, but no single home buyer can – or should aspire to – inspect them all. Buyers with FOBO are invariably frustrated, confused people who cannot make up their minds on anything of significance.
In real estate, time is money and you can’t afford to lose either. A delay of even a couple of months can mean a substantial increase in property prices due to demand, inflation, or other market factors. FOBO’s inability to commit to a decision often results in missed chances to lock in properties at favorable prices or lower interest rates.
Over time, these costs add up, making the eventual purchase far more expensive than it would have been had the decision been made earlier.
Finding the Middle Ground
That said, there is also a healthy balance of FOMO and FOBO possible. It’s just a matter of finding that mid-point. Even if there is a sense of urgency, a buyer must not make hasty decisions and do his or her due diligence.
It is certainly important to see as many properties as is feasibly possible. This should not be a hurried process. It is best to set oneself a timeline within which a decision will be made. Usually, a month of dedicated searching is ample time. It is also important to factor in market conditions and to take professional advice before signing on any dotted line.
You want to leverage the urgency of FOMO and turn it into positive energy – but set realistic criteria. A buyer should have a list of ‘must-haves’ to refer to, and should not over-extend their budget. Set a limit to how big your shortlist should be.
If it starts getting endless, FOBO has taken over and it is time to snap out of it. You’re looking for a home that makes you happy, which you can afford, and which will appreciate well over time. Once you’ve found this home, make sure that you know that your hunt is over.
About the Author:
Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience
HOMETHON Property Expo 2024 sees 77 New Launches with over Rs 10,000 crore inventory for sale
Mumbai, October 07th, 2024: In a spectacular showcase of the Mumbai Metropolitan Region’s vibrant real estate sector, more than 77 new projects were launched at the third edition of HOMETHON Property Expo 2024 organised by NAREDCO Maharashtra, which began at Jio World Convention Centre in Mumbai today. Over ₹10,000 crore worth of inventory has been launched in the MMR region and is being showcased at the expo. This mega event presents buyers with an once-in-a-lifetime opportunity to invest in Mumbai’s most dynamic real estate market. The inventory features a comprehensive range of properties, from affordable housing to luxury residences and premium land parcels, catering to diverse buyer needs.
The expo will be on till October 6, 2024 and has already witnessed a spurt with over 75,000 homebuyers registered for the three-day exhibition to explore various options of property buying in Mumbai Metropolitan Region and other parts of Maharashtra. This year’s registration numbers are almost triple over the last year indicating a huge demand for home ownership by the buyers for housing properties at different locations with multiple price points coupled with attractive offers. Mr Prashant Sharma, President, NAREDCO Maharashtra revealed the fact on the occasion of inauguration of HOMETHON Property Expo 2024.
Mr. Sharma also announced the launch of NAREDCO Maharashtra’s yet another ambitious initiative of ‘Redevelopment Council’ whereby a special window has been set up in the Expo to solicit the enquiries of housing societies from all across the MMR and rest of Maharashtra and facilitate a complete advisory and execution of redevelopment proposals made by the incumbent societies. Until now, over 4000 housing societies have already registered to seek redevelopment proposals.
HOMETHON Property Expo 2024 also saw a unique initiative whereby NAREDCO MAHARASHTRA has put forth its plans to sign a Memorandum of Understanding (MoU) with the Government of Maharashtra to promote eco-friendly and sustainable urban development and instill green building practices among the real estate fraternity. For the same, NAREDCO Maharashtra will soon sign an MoU with Maharashtra State Agriculture Price Commission chaired by Shri Pasha Patel, informed Mr. Rajan Bandelkar, Vice Chairman, NAREDCO.
Commenting on the significance of the expo, Mr. Prashant Sharma, President of NAREDCO Maharashtra said, “The HOMETHON Property Expo will be a game changer for the MMR real estate sector. With over 10,000 crore of inventories up for sale and 77+ new projects launched, this expo will play a pivotal role in addressing the region’s housing demands. It’s the perfect platform for developers and buyers to connect, and with such a diverse range of offerings, we believe there’s something for everyone.”
Dr. Niranjan Hiranandani, Chairman, NAREDCO says, “The housing market is currently experiencing a vibrant surge, fueled by greater job stability, increased disposable incomes, and rising aspirations. Against this backdrop, and with the added excitement of the festive season, this property exhibition is uniquely positioned to help home buyers achieve their long-cherished dream of owning a home.”
Mr. Rajan Bandelkar, Vice Chairman, NAREDCO says, “NAREDCO Maharashtra is dedicated to creating a robust ecosystem marked by trust and transparency, which has significantly bolstered home buyer confidence. This property expo offers an exceptional opportunity for developers to showcase their premium projects and connect with prospective buyers. With exclusive discounted rates and a wide range of options, this event is designed to make the home-buying process more accessible and rewarding for all. We are excited to facilitate this vital connection and support our vision of making home ownership a reality for many.”
This mega event presents buyers with an once-in-a-lifetime opportunity to invest in Mumbai’s most dynamic real estate market. The inventory features a comprehensive range of properties, from affordable housing to luxury residences and premium land parcels, catering to diverse buyer needs. HOMETHON 2024 will also provide visitors with the opportunity to engage in one-on-one consultations with real estate professionals, offering personalized guidance on the home-buying process.
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.