Arena Animation Hyderabad Wraps Up ‘New Age Careers for New India: PERSPECTIVES Tour 2024
Hyderabad, September 24, 2024: Arena Animation, one of India’s leading animation institutes in the country, is delighted to announce the successful conclusion of ”New Age Careers for New India: PERSPECTIVE Tour 2024’ for the youth in Hyderabad. The seminar was held on September 23, 2024, at K.L.N. Prasad Auditorium, Hyderabad. This vibrant platform drew together luminaries from the media and entertainment industry to share their invaluable experiences and insights into the creation of captivating creative works. The event was attended by an over 400+ young aspirants and professionals across the city eager to learn and grow in this creative field, sparking an engaging exchange of ideas.
‘Perspectives’ provides a unique opportunity for participants to gain an insider’s view of the industry, marking a crucial moment for aspiring students. The event, known for attracting passionate participants year after year, hosted numerous students this year as well, who were interested in exploring careers in animation, VFX, multimedia, gaming and web design. Attendees were offered a series of thought-provoking sessions led by distinguished key opinion leaders alongside an insightful dive into the intricate processes behind top-tier animation, visual effects and filmmaking.
Distinguished industry experts, including Mr. Ravi Kothapalli, Managing Director from Hornbill Studios and Mr. K. Ramakrishna (VFX Supervisor), Mr. G Laxman & Mr. Meher Prasad J from Greengold Animation inspired attendees with their invaluable industry insights and in-depth technical knowledge.
Mr. Ravi Kothapalli, Managing Director from Hornbill Studios delivered a compelling session on “Making Aspirants Industry-Ready in the World of Visual Effects, Animation, and Gaming”.
Mr. K. Ramakrishna (VFX Supervisor), Mr. G Laxman & Mr. Meher Prasad J from Greengold Animation offered an intriguing perspective on the VFX Live Action Movie making of Chhota Bheem and the Curse of Damyaan
The event received an overwhelming response from the attendees, who praised the depth and relevance of the presentations. The discussions highlighted the transformative impact of emerging technologies and offered actionable insights for students and young professionals.
Mr. Sandip Weling, Chief Business Officer – Retail Business, Aptech Limited. ”We are thrilled with the success of ‘New Age Careers for New India: PERSPECTIVES Tour 2024’. The event has truly set a benchmark on how we engage and envision the future of careers in India. I trust that the participation of key opinion leaders and the thought-provoking discussions and insights has immensely benefitted the aspirants keen to pursue new-age careers. Arena Animation is committed to equipping students with new-age skillsets and we urge the young aspirants/ prospects to walk-in to our centres to explore their talent and unleash their creative potential.”
As the consumer increasingly gravitates towards superheroes and formidable creatures, India’s AVGC sector has witnessed unparalleled growth rates in recent years. According to the 24th annual Global Entertainment & Media Outlook 2023-2027 by PWC across 13 sectors in 53 territories, India’s Media & Entertainment industry is projected to grow at a 9.7% CAGR, reaching US$73.6 billion by 2027. This surge has attracted numerous international players seeking to tap into India’s talent pool for offshore service delivery.
With a legacy spanning over 25 years, Arena Animation stands as a testament to excellence, fortified by strategic alliances, stellar faculty, and cutting-edge technological tools. The mission remains clear – to equip youth with industry-relevant skills and hone their creativity, build resilience, and encourage teamwork, enabling them to succeed in the workplace where they will have to meet deadlines, deliver presentations, and network with industry peers. Arena Animations remains committed in cultivating a pool of highly employable and successful professionals, ready to make their mark in the dynamic world of media and entertainment.
Tuco Intelligent Raises dollar2 Million In Seed Funding From Fireside Ventures & Whiteboard Capital
September 24th, Bangalore: Tuco Intelligent, a kids’ personal care brand, today announced that it has raised $2 million in a seed funding round led by Fireside Ventures and Whiteboard capital. The round also saw participation of the Ashish Goenka led Suashish Group and angel investors like Vijay Nehra, Arjun Purkayastha, and early backers of brands like Mamaearth, Sugar, Pilgrim, Whole Truth and Mokobara.
Founded by Aishvarya Murali in 2023, Tuco Intelligent offers a range of natural and sustainable personal care products only for kids. The range includes soaps, lotions, creams, makeup and deodorants. All products are packaged in 100% landfill and ocean-reclaimed plastic, aligning with the brand’s commitment to a greener planet for children.
The range targets the unique personal care needs of kids aged 4-12, a demographic with growing needs at every stage. Ages 4 onward, kids start school and day care and along with it comes grime, dandruff, sun exposure, etc. At age 6-7, girls hanker after makeup, and at 8-9 years, pre-adolescent challenges like body odour, acne & oily skin emerge. Tuco Intelligent addresses these growing needs with products made from natural, time tested Indian ingredients like beetroot, turmeric, saffron, rosehip, reetha, etc. which are not only natural but also effective.
Commenting on the funding, Aishvarya Murali, Founder & CEO, Tuco Intelligent said, “I started Tuco Intelligent because I couldn’t find suitable solutions for my own kids. From skincare made with beetroot and cocoa extract to deodorants crafted from rose water, these products are inspired by recipes from our grandmother’s kitchen. The sustainable mission of 100% recycled plastic is dear to me and a guiding packaging philosophy in all ranges. We’re excited to have the backing of fantastic investors who are in it to build a meaningful and sustainable business. With the strong traction we’ve seen for our range, we’re now ready to scale.”
VS Kannan Sitaram, Co-Founder and Partner of Fireside Ventures, said: “The kids’ personal care market has remained largely untapped. While there are numerous brands for babies and adults, the 4-12 age group has limited options. We believe Tuco Intelligent, with its dedicated focus on this category, is well-positioned to serve the market. We were particularly impressed by their ability to build a strong base of repeat customers.”
Anshu Prasher, Partner at Whiteboard Capital, added: “Parents are increasingly looking for brands that understand the nuances of children’s skin and hair care, and Tuco Intelligent, with its natural, thoughtful approach, is uniquely positioned to meet this growing demand. The brand has experienced impressive growth over the past year, and we are excited to continue supporting them on this journey.”
Fastest-Growing US QE Company, QualiZeal, Targets Major India Expansion; Aims to Triple Workforce in 3-4 Years
India, September 2024 – QualiZeal, one of the fastest-growing Quality Engineering (QE) companies in the USA, recently announced its ambitious expansion plans in India, with a key focus on tapping into the country’s vast tech talent pool. Recognizing India as a strategic hub for skilled professionals, the company plans to triple its workforce over the next three to four years by adding 2,000 new jobs. This expansion is central to QualiZeal’s goal of significantly boosting its global capabilities and advancing toward its target of $100 million in annual revenue.
Headquartered in Texas, USA, QualiZeal has already established core capacity centers in Hyderabad, which have played a critical role in the company’s growth. The India expansion is not only aimed at increasing capacity but also at harnessing the country’s unparalleled tech expertise to fuel innovation and transformation in the Quality Engineering space. By leveraging India’s talent, QualiZeal seeks to solidify its position as a global leader in digital transformation services.
“We are deeply committed to India as a strategic talent hub,” said Mr. Pradeep Govindasamy, President & CEO of QualiZeal. “India’s tech talent is unparalleled, and with our planned expansion, we aim to harness this potential to drive innovation and transformation for our clients globally. This is an exciting time for QualiZeal, and we are on a trajectory to achieve unparalleled growth in the Quality Engineering services industry.”
QualiZeal‘s offerings span across Quality Engineering, Digital Engineering, Advisory and Transformation, and Emerging Technology Testing. Trusted by over 70 global enterprises, the company boasts an impressive record of more than 200 successful projects, supported by a team of over 750 elite software quality engineers. QualiZeal’s clients also benefit from AI and ML-powered predictive capabilities, which accelerate testing processes by 3x while reducing costs by 4x.
“By expanding our India operations, we are not just increasing capacity but also investing in the future of AI and GenAI-powered Quality Engineering,” said Mr. Madhu Murty Ronanki, Co-Founder & Head of India Operations, QualiZeal. “Our goal is to build a world-class workforce that delivers exceptional value to clients and contributes to QualiZeal’s mission of becoming the global leader in digital pure-play Quality Engineering.”
QualiZeal’s impressive growth trajectory is underscored by industry accolades, including the Bronze Stevie® Award in the 2024 American Business Awards®, which highlight the company’s dedication to excellence in business performance and fostering an inclusive, diverse workplace on a global scale. With a robust growth strategy and a focus on building a world-class workforce, QualiZeal is well-positioned to lead the next wave of digital transformation in the years ahead.
GROHE’s Phantom Black sets new benchmark in the bathroom industry
New Delhi, September 24, 2024: GROHE, a leading global luxury brand for bathroom solutions and kitchen fittings, has introduced industry’s first darkest black collection —The Phantom Black, which is part of its popular Essence range. This elegant collection was launched Pan India on September 20, with special preview at GROHE’s experience centers in Mumbai, Delhi, and Bangalore. Phantom Black combines elegance and sophistication, designed to leave a lasting impression in modern bathrooms. The launch event attracted a distinguished audience from the architectural, design & trade community, highlighting the collection’s appeal and significance in contemporary design.
GROHE’s Phantom Black represents a significant evolution in design philosophy, acknowledging a notable market shift from the traditional chrome finishes to the sophisticated allure of solid dark black. This recent addition by GROHE not only reflects changing consumer preferences but also enhances the aesthetic appeal of modern bathroom spaces.
The GROHE Phantom Black collection is distinguished by its innovative lacquer technology, providing exceptional durability to its finish. Resistant to scratches, fading, and corrosion, the smooth matte texture radiates luxury while enhancing the beauty of any bathroom. A standout feature is its ability to repel fingerprints, water spots, and stains, ensuring easy maintenance and a consistently clean appearance. Versatility and elegance define the collection, as its sophisticated finish complements a wide range of interior styles—from contemporary to industrial—making it an ideal choice for both designers and homeowners alike.
GROHE is expanding its design horizons by closely monitoring market insights and evolving consumer preferences. The introduction of Phantom Black, following the successful Matte Black range, demonstrates GROHE‘s commitment to delivering innovative solutions that resonate with today’s design-savvy customers. By offering a curated palette of colors and finishes, GROHE empowers consumers to create personalized bathroom spaces that reflect their individuality. This strategic focus not only enhances aesthetic appeal but also ensures that products are durable and easy to maintain, aligning with the practical needs of modern living. Through this approach, GROHE continues to redefine luxury in bathroom design while addressing the diverse aspirations of its clientele
Priya Rustogi, the leader at LWT India and Subcon said,” The Indian market is evolving like never before, with consumers increasingly seeking innovative designs and fresh colors like Phantom Black that reflect their individuality and contemporary lifestyles. This shift highlights a desire for bold expressions that transform spaces into personal statements.”
Primus Partners: India-UAE Trade Set to Exceed Ambitious Target Early
Mumbai, 24 September 2024 – Primus Partners, India’s leading home-grown consultancy firm, has today unveiled an in-depth analysis of the India-UAE economic relationship, something that got strengthened with the recent visit of UAE President Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India. The analysis explores current trade patterns and future projections, indicating that bilateral trade between the two nations is on track to surpass the ambitious $100 billion target well before 2030. This impressive growth is underscored by a notable 12.7% year-on-year increase.
Key Insights:
- In 2022, the historic India-UAE Comprehensive Economic Partnership Agreement (CEPA) was enacted and came into force. Prime Minister Modi’s 7th visit to the UAE led to pivotal MoUs on trade, energy, infrastructure, culture & people-to-people initiatives
- UAE remains India’s 3rd largest trading partner and 2nd largest export destination (FY 2022-23)
- India solidifies its position as UAE’s 2nd largest trading partner (FY 2022-23)
- Bilateral trade reached $85 billion in FY 2022-23, expected to cross the 2030 target of USD 100 Bn well before the expected timeline
- Both countries lead the path for key Collaborative Ventures Including the India-Middle East-Europe Economic Corridor (IMEEC) as well as the India-Israel-UAE-US (I2U2) coalition
Nilaya Varma, CEO & Co-founder of Primus Partners, emphasized, “India-UAE trade relations are entering a new era, driven by structural reforms like CEPA that have dismantled long-standing barriers. This shows how this trade growth is not only strengthening existing sectors like gems, jewellery, and IT but is also paving the way for emerging industries such as green energy and food security. The partnership is now more strategic and forward-looking, setting the stage for both nations to leverage their complementary strengths and create an integrated trade ecosystem that will be critical in navigating the shifting dynamics of global commerce.” “As these initiatives unfold, we expect to see transformative impacts across the region and beyond, reshaping global trade dynamics in the coming decades,” concluded Nilaya Varma.
Looking forward, Primus Partners’ analysis outlines a series of strategic initiatives aimed at accelerating the India-UAE economic relationship that includes:
- Implementation of a master dashboard to oversee critical infrastructure projects, particularly within the IMEEC framework
- Establishment of a bilateral e-commerce marketplace for goods and services under the CEPA framework, potentially leveraging India’s Open Network for Digital Commerce (ONDC) model
- Creation of an online digital repository highlighting investable projects in identified strategic sectors
- Development of an International Water Credit Exchange Market to address water security challenges
- Introduction of a unified tourism booking platform and special enclaves catering to luxury, religious, and business travel
Nader Haffar, Director of Primus Partners UAE, stated, “The India-UAE economic relationship has evolved into a multifaceted partnership that is reshaping the future of regional and global trade. This highlights how both countries are not just increasing trade volumes but are aligning their strategic goals in key areas like digital innovation, energy sustainability, and infrastructure. This synergy between two of the world’s fastest-growing economies is creating new opportunities, fostering innovation, and building a foundation for long-term prosperity that could serve as a global model for emerging market partnerships. Managing these partnerships will create a stronger and more diverse bilateral relationship, one that is less dependent on traditional sectors and more oriented toward future development. “
The India-UAE trade relationship is experiencing robust growth across several key sectors, reflecting the strategic alignment of both economies. Technology and infrastructure development have become vital growth drivers, with both countries collaborating on projects like the India-Middle East-Europe Economic Corridor (IMEEC). This initiative encompasses railway lines, sea routes, road networks, electricity grids, optical fiber cables, and hydrogen gas pipelines, promising to revolutionize regional connectivity and trade.
Gems and jewelry, traditionally a cornerstone of trade, have seen increased activity under the Comprehensive Economic Partnership Agreement (CEPA). The metals, stones, gems, and jewelry sector is among India’s key exports to the UAE. Additionally, India’s agricultural exports to the UAE, including cereals, sugar, fruits, vegetables, and tea, contribute significantly to the trade basket, helping to address the UAE’s food security objectives.
While the growth trajectory is impressive, challenges like the need for water security in both nations remain critical. To address this, the analysis recommends establishing an International Water Credit Exchange Market, involving governments, the private sector, NGOs, and academia to promote sustainable water management practices globally.
The analysis further highlights the transformative potential of the IMEEC and the India-Israel-UAE-US (I2U2) coalition. These initiatives are expected to enhance efficiency, reduce costs, secure supply chains, and foster transformative integration across Asia, Europe, and the Middle East.
From Safety to Shopping: Why Spectrum@Metro is the Top Choice for Women in Noida
Delhi NCR, 24th September 2024: Spectrum@Metro Mall, situated in the heart of Noida, has quickly become the go-to shopping destination for women, thanks to its unique combination of safety features and a curated selection of top brands. As concerns around women’s safety continue to rise across the country, Spectrum@Metro is setting a new benchmark by prioritizing both security and convenience for female shoppers.
The mall is the only one in the region offering dedicated women-only parking spaces, making it easier and safer for women to access the mall. Female security personnel are also deployed throughout the premises to ensure a comfortable shopping experience.
Located on the main road of Sector 75, Spectrum@Metro is easily accessible and houses an impressive lineup of brands catering specifically to women. From popular fashion labels like Reliance Trends, BIBA, Max, and Aurelia to renowned beauty and fitness outlets like Javed Habib, Cult Fit, and Looks Salon, the mall provides a comprehensive shopping and wellness experience.
The mall also stands out as a hotspot for social gatherings, with restaurants such as Haldiram’s, The Flying Dutchman, and BBQ Company offering ideal settings for clubbing and kitty parties. Jewellery lovers can explore collections at Mia by Tanishq, BlueStone, and CaratLane.
Beyond shopping and dining, Spectrum@Metro has a full range of wellness services, including clinics for gynaecology, skincare, dentistry, and homeopathy, making it a truly all-encompassing destination for women.
Ajendra Singh, Vice President of Marketing and Sales at Spectrum@Metro, highlighted the mall’s unwavering commitment to women’s needs: “We’re constantly evolving to ensure Spectrum@Metro is not just a shopping destination, but a space where women feel secure and valued. Women’s safety is a top priority, and we will continue to develop our facilities accordingly.”
Chennai based realtor Casagrand Premier Builder Limited files DRHP for Rs 1,100 crore IPO
Chennai, 24 September 2024: Casagrand Premier Builder, the largest developer in the residential sector is a well-known residential brand in Chennai (Tamil Nadu) with a market share of approximately 24% in terms of launches and approximately 20% in terms of demand during the period January 1, 2017 to March 31, 2024, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,100 crore through an initial public offering (IPO).
The IPO with a face value of Rs 2 per equity share is a mix of fresh issue of up to Rs 1,000 crore and an offer for sale of up to Rs 100 crore by Promoter Selling Shareholders.
The offer for sale consists of the sale of equity shares up to Rs 50 crore each by Arun MN and Casagrand Luxor Private Ltd.
The company, in consultation with the book-running lead managers, may consider a further issue of equity shares through a preferential offer or any other method aggregating up to Rs 200 crores, as pre-IPO placement shall not exceed 20% of the size of the fresh issue. If such placement is completed, the fresh issue size will be reduced.
The Offer is being made through the book-building process, wherein not less than 75% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, and not more than 15% shall be available for allocation to non-institutional bidders. Not more than 10% of the offer shall be available for allocation to retail individual investors.
The proceeds from the fresh issue to the extent of Rs 150 crore will be used for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company; Rs 650 crore for prepayment or repayment, in full or part, of all or a portion of certain exceptional borrowings availed by its wholly owned Subsidiaries namely CG Magick, CG Civil Engineering, CG Garden City, CG Milestone, CG Grace, CG Horizons, CG Smart Value Homes, CG Bizpark, CG Everta, CG Hyderwise, CG Lotus, CG Zingo, and wholly-owned step-down Subsidiaries namely CG Anchor and Danub Homes, through investment in such wholly owned Subsidiaries/ step-down Subsidiaries; and general corporate purposes.
Incorporated in 2003, under the leadership of Arun MN, Casagrand has expanded its presence across key micro-markets in Chennai (Tamil Nadu), offering a diverse range of residential projects. These include apartments of various sizes and independent villas, catering to luxury, mid-range, and affordable segments, all under the “Casagrand” brand, with a particular focus on mid-range offerings.
It has developed in-house capabilities for every stage of the project development life-cycle, commencing from identification and acquisition of land parcels to execution, which involves designing, planning, construction, marketing, and sales and culminating in project delivery.
Casagrand has also extended its operations to other South Indian cities like Bengaluru (Karnataka), Hyderabad (Telangana), and Coimbatore (Tamil Nadu). As of May 31, 2024, the company had completed 101 projects with a saleable area of 21.45 million square feet, was working on 42 ongoing projects spanning 33.60 million square feet, and had 17 upcoming projects with an estimated saleable area of 13.15 million square feet. In FY 2024, it achieved pre-sales volumes of 7.24 million square feet of saleable area.
According to a CBRE report mentioned in the DRHP, Casagrand is recognized for its residential brand in Chennai (Tamil Nadu), known for delivering high-quality, product-driven solutions within set timelines. Among its ongoing projects are ‘Casagrand Vivacity’ in Bengaluru’s Chikkanagamangala Village, ‘Casagrand Suncity Phase I’ in Melakottaiyur, Chennai, and ‘Casagrand Casablanca’ in Bengaluru’s Mallasandra Village. Its completed projects include ‘Casagrand Supremus’ and ‘Casagrand Zenith Phase I,’ both in Chennai.
As of May 31, 2024, Casagrand has a sales team of 825 people and opened an office in Dubai in November 2016 to serve non-resident Indians interested in properties across its operational cities. The company also has a history in warehousing through its former subsidiary, Casa Grande Distripark Private Limited, which completed two projects in Chennai at Mappedu and Mahindra World City Industrial Park in 2018, covering a total leasable area of 2.23 million square feet. As of May 2024, it had four additional warehousing projects in Chennai, alongside a commercial office project of 0.59 million square feet acquired in September 2023. Two other commercial office projects in Chennai, totaling 0.51 million square feet, are under construction.
Casagrand Premier’s revenue from operations increased at a CAGR of 18.02% from ₹ 1,876.82 crore in Fiscal 2022 to ₹ 2,613.99 crore in Fiscal 2024. Profit after tax increased from ₹ 146.08 crore in Fiscal 2022 to ₹ 256.95 crore in Fiscal 2024 at a CAGR of 32.63%.
JM Financial Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers to the issue and KFin Technologies Limited is the registrar to the offer.
Indian real estate set for breakthrough: 16% annual growth to propel market to USD 10 trillion by 2047: Colliers-CREDAI Report
Sydney, Australia, 23rd September 2024: India continues to be the fastest growing economy driven by strong domestic demand, improving business environment and supportive as well as forward-looking developmental policy initiatives. As India heads towards its centenary year of independence, real estate will play a pivotal role in economic growth trajectory of the country. This long-term growth in real estate is underpinned by six salient growth levers which includes, rapid urbanization, infrastructure development, digitalization, demographic shifts, sustainability and investment diversification; all of which will form the bedrock for a quantum leap in Indian real estate by 2047. These long-term growth ingredients will be pivotal in the expansion of Indian real estate – from under a trillion currently, to potentially a USD 10 trillion market by 2047, accounting for a 14-20% share in the country’s GDP.
The interplay between real estate and India’s economic growth journey over the next few decades is explored in the latest report “Indian Real estate: The Quantum Leap” by Colliers in collaboration with the Confederation of Real Estate Developers’ Associations of India (CREDAI) and released at the CREDAI NATCON event in Sydney. Most importantly, the quantum leap will create multiple real estate hotspots in its wake. Along the accelerated journey till 2047, various real estate segments will evolve and continue to proliferate, growing and maturing by varying degrees. Core assets such as office & residential real estate are likely to mature further and alternative assets such as data centers & senior living will embark upon strong growth trajectories. Market consolidation, fair-pricing and institutionalization will become more pervasive across asset classes, especially in the industrial & warehousing segment.
Likely transformation of real estate segments in India (2024 to 2047)
Lifecycle Stage | Nascent | Growth | Mature | ||||||
Scale | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Residential | |||||||||
Office | |||||||||
Industrial & Warehousing | |||||||||
Retail | |||||||||
Hospitality | |||||||||
Data Centers | |||||||||
Other alternate assets * |
Shifting demographics and rising urbanization to spur long-term real estate demand
With shifting demographic pattern in India, the median age is likely to increase from ~30 years to ~40 years by 2050. Further, half of the Indian population is projected to live in urban agglomerations by 2050. With rapid urbanization and supporting factors like infrastructure growth & employment opportunities, real estate traction is likely to expand beyond the tier I cities and create dispersed growth centers in smaller towns & cities. Peripheral areas of established cities and tier II & III cities of the country will particularly witness accelerated real estate development across asset classes.
Shifting demographics will drive real estate activity, especially in housing and retail asset classes. With a significant portion of the Indian population likely to fall in the sweet spot of ‘First-time homebuyer’ age-bracket, healthy traction across housing categories is expected in the next few decades. Additionally, population with a significant share of older people can potentially speed up investments in the senior living market.
“With the interplay of dynamic factors such as rapid urbanization, rising median age, and technological advancements, we are on the brink of a quantum leap, entering a new era of growth and diversification. By 2047, an estimated 50% of India’s population will reside in urban centers, creating unprecedented demand across residential, office, and retail spaces. Alternative segments like senior living, co-living, and data centers will also witness exponential growth, driven by evolving consumer preferences and technological integration, with a focus on sustainability and energy efficiency becoming a standard across developments. As India navigates this exciting trajectory, the real estate sector will continue to attract institutional investments, fostering transparency, fair pricing, and global competitiveness. Being a leading industry body, CREDAI looks forward to working with various stakeholders to ensure that Indian real estate witnesses sustained and sustainable growth in the decades to come,” said Boman Irani, President, CREDAI National.
“India has set its sight on becoming a USD 10 trillion real estate market, driven by the sector’s ability to adapt and innovate. Landmark initiatives such as RERA and REIT regulations have enhanced transparency, improved investor confidence, and streamlined operations across the sector. These reforms, alongside critical programs like PMAY and Gati Shakti, are creating a conducive environment for sustained real estate development. The government’s focus on affordable housing, infrastructure modernization, and industrial corridors have transformed both urban and rural landscapes, driving growth beyond traditional hubs. This transformation is creating vibrant opportunities for developers, investors, and homebuyers alike. As we move forward, real estate will continue to be a catalyst for employment generation, economic resilience, and sustainable urbanization, reinforcing its role as a key pillar in India’s economic growth story,” said Manoj Gaur, Chairman, CREDAI National
As India commences on a period of expansion across most economic sectors, real estate is set for a ‘Quantum Leap’, with multiple growth opportunities arising along the accelerated journey phase. Favorable demographics and urbanization trends are likely to accentuate the emergence of over hundred – million plus cities by 2047. This in turn presents a case for emergence of multiple real estate hotspots dispersed across the country. Residential, office and retail segments, particularly, are expected to mature significantly in the next few decades, creating substantial opportunities for investors, developers and occupiers,” said Badal Yagnik, Chief Executive Officer, Colliers India
Infrastructure enhancement & supportive regulatory framework, imperative for fostering long-term real estate growth
Infrastructure augmentation and policy-level push have enabled the Indian real estate to sail through multiple ebbs and flows of property cycles. Throughout last few decades, key regulatory frameworks and acts such as the RERA Act, PMAY, and REIT Regulations have provided a boost to investor and end-user participation. Policies and regulations for Logistics and Data Centers have been instrumental in the accelerated growth of newer real estate frontiers. Furthermore, flagship programmes such as the Golden Quadrilateral Project, PM Gati Shakti Master Plan, ‘Make in India’ Programme and National Infrastructure Pipeline have positively impacted multiple real estate segments across the country, particularly the industrial & warehousing segment. With high-volume freight movement along industrial corridors, we can anticipate amplified requirement for warehouses, logistics hubs, and manufacturing units across multiple smaller locations in the country.
Over the next few years, asset classes under REITs/SM REITs will expand beyond office and retail to include warehouses, hotels, and rent-yielding residential properties. In the long-term, such financing avenues will become prevalent in alternate real estate verticals such as data centers, hospitals, educational institutes, senior and student living accommodations etc.
Alternate investments to become mainstream
Over the years, driven by strong domestic growth prospects, improvements in ease of doing business, and continual FDI relaxations, foreign capital inflow has grown significantly across diverse sectors. Institutional investments in the real estate sector in the last decade has crossed USD 60 billion, with majority being funded by foreign players. The anticipated spurt in foreign capital and equally strong contribution from domestic investors will fast-track the adoption of alternate funding strategies in Indian real estate. Green financing in the form of bonds & credit issuances and relatively newer financing avenues such as social-impact, distressed, special situation, and venture capital funds will become more prevalent in the next few years.
Digitalization & Sustainability will be the central themes in the future of real estate
Over the next few years, the Indian real estate sector will increasingly embrace digitalization across aspects ranging from planning, design & construction to property & facilities management. PropTech and Metaverse are likely to mature and elevate Indian real estate to global standards of operational efficiency, transparency and accountability. Increased data consumption, growing internet penetration, rise of online services, digitalization of businesses, and stricter adherence to data localization regulations are expected to spur demand for co-location and edge data centers closer to demand hubs.
Advanced technologies will also play a major role in decarbonizing the real estate sector. With focus on built spaces, developers will incorporate sustainable elements at every stage of construction. Green-certifications in the office market will particularly become a hygiene-factor and green-adoption levels are likely to increase from about 60-70% to almost 100% over the next few years.
Festive Season Drives Surge in Indian Real Estate Demand, Record Sales Anticipated
Mumbai, 23rd September 2024 – As the festive season kicks off, the Indian real estate market is poised for record growth, with buyer demand hitting new highs. Traditionally regarded as an auspicious time for investments, this period is marked by heightened activity from both developers and homebuyers alike. Favorable market conditions, including low-interest rates, government incentives, and the rise of first-time homebuyers, are fueling this boom, particularly in prime locations and affordable housing segments. A significant uptick in inquiries and bookings has been reported, as the auspicious periods of Diwali and Dhanteras approach—key moments for home-buying in India. Industry experts believe this surge is set to continue throughout the season, with developers offering tailored schemes to attract buyers.
Shitij Kaushal, Head of mymagnet.io, a channel sales arm of Homesfy Realty Limited, commented on the trend:
“This year, we’re seeing flexible payment plans requiring only 10% to 20% upfront, this was the trend especially around Ganesh Chaturthi. These plans are encouraging buyers to make purchases with minimal down payments—a trend that first gained traction last year. During the previous festive season, property registrations jumped by 30% compared to 2022, with this time being seen as a prime opportunity for purchasing homes and starting new ventures. Developers are in sync with consumer sentiment and have strategically planned new launches to coincide with the festive period.”
According to a report, sales in H1 2024 reached 1,73,241 units across the top 8 cities, marking the highest volume in the past decade. Market sentiment remains optimistic for the second half of the year, as developers prepare to align their offerings with the festive spirit. Additional incentives, such as stamp duty waivers, construction-linked payment plans, and promotional giveaways like gold coins and electronic devices, are expected to be rolled out to entice potential buyers.
Shitij Kaushal further added, “The prediction is that this positive momentum will continue even after the festive season, with developers leveraging value-driven incentives to maintain buyer interest. The Indian real estate sector is set for sustained growth throughout 2024, driven by consumer-friendly schemes, favorable market conditions, and a strong inclination towards homeownership.”
With favorable payment options, rising consumer confidence, and strategic offers from developers, the festive season is projected to solidify the sector’s upward trajectory well into 2025, cementing the Indian real estate market as a key driver of economic growth.
Antica Ceramica Unveils Stonet Outdoor Tile Collection for Stunning and Durable Exterior Spaces
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Antica Ceramica, a leading tile manufacturer in India, has launched its latest innovation, the Stonet Outdoor Tile Collection, designed to transform exterior spaces such as patios, terraces, and poolside areas into beautiful and functional environments. The collection combines durability, slip resistance, and eco-friendliness with aesthetic appeal, making it a perfect choice for modern outdoor living.
With outdoor spaces becoming essential extensions of homes, the right flooring is crucial. The Stonet Collection provides tiles that not only enhance the beauty of outdoor areas but also ensure long-lasting performance. Designed to withstand harsh weather conditions such as rain, heat, and frost, the tiles offer resistance to wear and tear, ensuring they retain their appearance and functionality over time.
Safety is a key consideration for outdoor surfaces, especially around pools or garden pathways. The Stonet tiles feature slip-resistant surfaces, providing better grip even in wet conditions, reducing the risk of slips and falls. Additionally, the tiles are low maintenance, resisting stains, mold, and mildew, and can be easily cleaned, making them ideal for high-traffic areas.
The collection offers a wide range of styles, materials, colors, and textures, allowing homeowners to create unique and visually appealing outdoor spaces. From rustic stone finishes to sleek modern looks, the Stonet tiles cater to a variety of design preferences. For environmentally conscious buyers, the collection includes eco-friendly options made from natural stone and sustainable materials, offering a green solution for outdoor design.
Rahul Bhugra, Director of Antica Ceramica, commented on the new launch: “With the Stonet Outdoor Tile Collection, we aim to give homeowners and designers a versatile, high-performance tile solution that enhances the beauty and safety of outdoor spaces. We believe this collection will inspire new ideas in exterior design and deliver long-lasting value.”
Antica Ceramica’s Stonet Collection also includes outdoor-grade ceramic tiles, providing a budget-friendly option for those looking to enhance their outdoor areas. These tiles come in a variety of patterns and colors, offering decent performance in moderate climates.
As a trusted name in the tile manufacturing industry, Antica Ceramica continues to innovate and set benchmarks with its premium tile solutions. The Stonet Outdoor Tile Collection reaffirms the company’s commitment to creating products that blend style, functionality, and durability for both residential and commercial projects.