I am writing to you on behalf of Cult, from the house of Curefit, India’s largest fitness services and apparel provider, to announce the launch of Cult Gun Massagers, their latest range of innovation designed to enhance recovery for fitness enthusiasts. This range of massagers is a testament to their commitment to provide a holistic approach to fitness from start to end for optimal performance and overall well-being.

Fitness all-the-way

After the first or another intense workout at the gym, people experience muscle soreness and a lack of mobility that might have them questioning how to go back to working out, completely missing the concept of ‘post-workout recovery’. This is where Cult, being India’s largest fitness brand, steps in with its new range of massagers to talk about the holistic approach to fitness all the way.

Key Features and Benefits:

The Cult Gun Massager is engineered to provide a powerful recovery experience. With its advanced features, it caters to the needs of athletes and fitness enthusiasts alike. Key highlights of the range include:

● Recovery Massager: Designed to alleviate muscle tension and promote blood circulation, aiding in faster recovery post-exercise.

● Hot & Cold Massage Head Features: This innovative feature allows users to switch between hot and cold therapy, targeting muscle soreness and inflammation effectively. Hot therapy helps to relax muscles, while cold therapy reduces swelling and numbs sharp pain.

● Nitro Model: The Nitro variant of the gun massager is particularly favored by athletes for its powerful brushless motor and tri-positional rotatable arm, allowing for versatile massage angles and deeper penetration into muscle tissue.

Variations of the Gun Massager

The Cult Gun Massager comes in five distinct models, each tailored to meet different user needs:

Cult Volt:

· Segment: For entry-level

· Key USP: Compact and portable design, perfect for on-the-go recovery

· Features: 4 adjustable heads, 6 intensity modes, and a quiet operation (<45dB)

Cult Volt Plus:

· Segment: For entry-level

· Key USP: Premium design with a rubberized finish for better grip

· Features: Similar to Volt but with enhanced ergonomics

Cult Volt Pro:

· Segment: For Mid-level

· Key USP: Most powerful massager in its segment with 12 intensity modes

· Features: 4 adjustable heads, a larger battery (4500 mAH), and low noise operation

Cult Volt X:

· Segment: For Mid-level

· Key USP: Offers interchangeable hot and cold massage heads for versatile therapy

· Features: 6 adjustable heads and an LCD display for easy operation

Cult Nitro:

· Segment: For Professional

· Key USP: Designed for athletes, featuring a powerful brushless motor and tri-positional arm

· Features: 4 adjustable heads, 5 intensity modes, and a long-lasting battery (2000 mAH)

Expressing his excitement on the launch, Abhilash Panda, Business head, of hardlines, fitness products at Cult, said, “We are excited to own the recovery process with the launch of this new range. At Cult, we understand that effective recovery is just as important as the workout itself. Our massagers are designed specifically to help users relax, rejuvenate, and ultimately enhance their performance. With advanced features like hot and cold massage heads and the athlete-favorite Nitro option, we are committed to providing the tools necessary for a comprehensive fitness journey at all levels.”

With the launch of the Cult Gun Massager, Cult aims to redefine the perspective of fitness for the people of India. The Cult Gun Massager range is the ultimate partner in one’s fitness journey, helping them to achieve their goals while taking care of their body.

New Delhi, 10th September, 2024: Golden Growth Fund (GGF), a leading Category 2 Alternate Investment Fund (AIF), has successfully secured ₹25 crore in its first funding round, which concluded in mid-August. This initial capital infusion will be used to acquire a prime land parcel in South Delhi, marking a significant milestone for GGF. The acquisition is the first project under GGF’s strategic plan to develop high-end residential properties in the region, further supported by Grovy India Limited, which has completed over 100 real estate developments in Delhi.

Ankur Jalan, CEO of Golden Growth Fund, stated, “This first closing of the fund is a significant step forward in our mission to transform the luxury real estate landscape in Delhi. Our commitment to acquiring and developing premium land parcels in South Delhi is now being realized, and we anticipate that our ongoing funding efforts will further solidify our position as a leader in the market.”

Golden Growth Fund distinguishes itself in the field of alternative investment funds by focusing exclusively on real estate opportunities in the Delhi region, particularly in South and Lutyens’ Delhi. As a Category 2 AIF, GGF operates under the regulatory oversight of SEBI, ensuring a high level of transparency and security for its investors.

Notably, Golden Growth Fund’s focus on brownfield projects offers a distinct advantage over other realty funds, which primarily target greenfield developments. GGF’s project turnaround time is anticipated to be between 15-18 months, significantly shorter than the 60-72 months typically seen in greenfield projects. Additionally, GGF’s projects face no time escalation, construction cost escalation, or government regulation uncertainties, unlike the high risks associated with other realty funds. Furthermore, the infrastructure surrounding GGF’s projects is fully developed, reducing sale uncertainty and price volatility, which remain high in greenfield projects.

Golden Growth Fund is dedicated to transforming real estate fortunes in Delhi by equipping investors with actionable insights and flexible investment options. This commitment to transparency, coupled with a focus on high-end residential development in prime locations, positions GGF as a leader in the market.

The ₹25 crore raised in the first closing is just the beginning, as GGF plans to close additional funding rounds in the coming months. This capital will be crucial in supporting GGF’s ongoing and future projects, which aim to transform the luxury real estate market in South Delhi. With multiple proposals already in the pipeline, GGF is set to play a key role in reshaping the region’s real estate landscape.

Looking ahead, Golden Growth Fund anticipates continued growth and expansion as it finalizes additional funding rounds and explores new investment opportunities. The leadership team, with decades of experience in real estate and investment management, is committed to executing its projects with precision and delivering superior value to its stakeholders. GGF’s strategic focus on acquiring and developing prime land parcels in South Delhi highlights its commitment to driving high returns for its investors while contributing to the transparency of the region’s luxury real estate market.

Mumbai, September 10th, 2024: CRIF High Mark, a leading Indian credit bureau, launched the fourth edition of its flagship report, How India Lends, today. The report deep dives into Consumption Lending, MSME Lending, and Microfinance Lending for the last five years (FY20 to FY24) with an emphasis on key insights into the industry and consumer trends.

Consumption Lending includes Home Loans, Personal Loans, Two-Wheeler Loans, Auto Loans, Consumer Durable Loans and Credit Cards. MSME lending includes Entity and Individual loans. Entity MSME Loans are defined based on entity-level credit exposure of up to ₹50 Crore. Individual MSME Loans include Business Loans, Property Loans, Commercial Vehicle Loans and Construction Equipment Loans. Corporate Loans refer to loans given to Mid and Large-size entities with credit exposure of more than ₹50 Crore and are reported to the Commercial Bureau.

Insights into Trends and Patterns Shaping Major Lending Product Categories in India

Consumption Loans: Portfolio outstanding of Consumption Loans increased by 15.2% YoY to ₹90.3 Lakh Cr as of Mar’24, however, portfolio growth has decelerated (from 17.4% as of Mar’23) primarily driven by the slowdown in the Home Loans segment (40.1% of consumption loans portfolio by value)

• Home Loans:
• Portfolio growth slowed down to 7.9% YoY (vs. 23% YoY as of Mar’23) due to muted growth in originations (9.2% in FY24 vs 18.2% in FY23)
• Shift in Originations (by value and volume) from ticket size ₹ 5L – ₹ 35L to ₹ 35L +
• Growth of 32% in Average Ticket Size (ATS) from ₹20.1L in FY20 to ₹26.5L in FY24

Personal Loans:

• Robust Portfolio growth (26% YoY as of Mar’24) despite recent regulatory reforms
• ₹10L+ Ticket Size loans continue to increase their share in originations by value, while <₹1L Ticket Size loans continue to dominate by volume
• Banks dominate Originations (by value) and NBFCs dominate Originations (by volume)

Two-wheeler loans:

• Growth accelerated to 34% YoY (from 30% as of Mar’23) primarily driven by the shift in originations to Higher Ticket Size loans,
• espite lower origination volume growth YoY (13% in FY24 vs. 32% in FY23)
• Shift in Originations (by value and volume) with a 4.6x growth can be seen for ₹75K+ from FY20 to FY24

Auto Loans:

• Marginal slowdown in Portfolio growth to +20% YoY (vs. 22% as of Mar’23) buoyed by Shift in Originations to ₹10L+ Ticket Size loans
• but dampened by lower growth in overall origination volumes
• 5% growth in Originations Volume (vs. 21% in FY23) and 12.5% growth in Originations Value (vs. 37.3% in FY23)

Consumer Durable Loans:

• Robust portfolio growth of 34% YoY (vs. 26% YoY as of Mar’23) driven by the shift in originations to ₹25K+ ticket size loans, which offset the muted growth in originations volumes (8.5% in FY24 vs 38.2% in FY23)
• 21% growth in Originations by value, and 8.5% growth by volume in FY24
• Private banks gained origination share from FY20 to FY23, however NBFCs regained some of their lost share in FY24

Credit Cards:

• 16.5% growth in Active cards from Mar’23 to Mar’24
• Credit card balances reached ₹3.0 lakh crore, with 999.1 lakh cards in circulation as of Mar’24

MSME Lending: Individual MSME segment growth outpaces that of Entity MSMEs, both in terms of portfolio growth (28.9% YoY vs 6.6% YoY) and originations growth (12.6% YoY vs 3.1%).

Individual MSME Loans

• Portfolio outstanding of Individual MSME Loans stands at ₹35.7 Lakh Cr as of Mar’24 with growth accelerating to 29% YoY (vs. 15% YoY as of Mar’23)
• Witnessed Y-o-Y growth in Originations by value at 12.6% and by volume at 19.4% in FY24
• Individual MSMEs witnessed improvement in delinquency across all Ticket sizes and Lender types

Entity MSME Loans

• The Portfolio outstanding of Entity MSME Loans stands at ₹28.4 Lakh Cr as of Mar’24 with growth decelerating to 6.6% YoY (vs. 17.2% as of Mar’23)
• The sector witnessed Y-o-Y growth in Originations by volume at 18.9%, while 3.1% by value, with the Micro Segment being the largest contributor

Microfinance Lending:

• Portfolio growth accelerated to 27% YoY (vs. 21% YoY as of Mar’23) with the Microfinance Loans portfolio outstanding of ₹442.7 K Cr as of Mar’24.
• The average ticket size for MFIs increased by 11% from ₹40.9K to ₹45.4K between FY23 and FY24
• PAR 31-90% and PAR 91-180% were stable as of Mar’24 compared to Mar’23

Commenting on the report Mr. Sanjeet Dawar, Managing Director, CRIF High Mark, said, “The fourth edition of the report ‘How India Lends – FY2024’ provides a comprehensive overview of the evolving lending landscape in India. This year’s report highlights the continued dominance of Home Loans and the notable growth in Personal Loans and Two-Wheeler Loans. We also observe a significant rebound in NBFCs’ market share and a marked expansion in the Microfinance sector. The stability in delinquencies and the strong performance across various lending categories underscore the ongoing resilience and vitality of the Indian credit market.”

Bengaluru, 09th September 2024: Expanding aggressively in India and overseas, Royal Orchid Hotels Ltd. (ROHL) announced the launch of ‘Regenta Resort and Spa, Chitwan’ in Nepal. This will be ROHL’s second property in the Himalayan country following the opening of their inaugural property ‘Regenta Place Sabrina’. Situated along the banks of the revered Narayani River and encircled by the picturesque Mahabharata Mountain panorama, the resort has been designed to cater to both corporate and recreational visitors who appreciate convenience, comfort, and value.

Chitwan, renowned for its abundant flora and fauna, accommodates a wide variety of species, including rare ones such as the Bengal Tiger, Gharial, Rhinoceros, Leopards, Mugger Crocodile as well as the Indian Rock Python. As the preeminent wildlife destination in Nepal, it attracts a substantial influx of visitors throughout the year. Regenta Resort and Spa, Chitwan is strategically located a short walk away from Chitwan National Park- a UNESCO World Heritage Site and offers guests an opportunity to visit one of the best-preserved national parks in Asia and embark on thrilling adventures through the dense forests. Making the most of the resort’s stunning location, guests can also immerse themselves in the rich cultural heritage and traditions of the neighborhood by visiting local attractions including Devghat, Jalbire Waterfall (Lamo Jharana), Chitwan Tharu Village, Bishazari Tal, and Elephant Breeding Centre that are just a short drive away.

Chander K. Baljee, Chairman and Managing Director, ROHL, commented, “India and Nepal have a long standing connection of history, culture, tradition, religion and more. We extend our deepest gratitude to the welcoming communities of Nepal for their unwavering support. We are on a rapid expansion spree, having added 481 keys this calendar year alone, taking the total keys under operations to 6397. We look forward to capitalising on this extraordinary location to elevate the hospitality landscape of Nepal and leave a lasting impression on our visitors and the communities.”

Spanning an expansive 4.6 acres, Regenta Resort and Spa, Chitwan offers a serene sanctuary amidst the natural environment and reflects the tapestry of local architecture and culture. The property houses a total of 51 well-appointed rooms including Plunge Pool Suite Rooms, unique Quad Rooms for backpackers and Premium Family Rooms with sweeping views of the jungle and Narayani River. Alongside featuring the spacious and elegantly crafted rooms, the newly launched hotel features a wide range of facilities for business and leisure travellers alike. ROHL’s in house multi cuisine restaurant “PINXX” offers guests an authentic gastronomical experience with Nepalese cuisines and cocktails alongside continental, Indian and Chinese food. The in-house spa allows guests to relax, unwind and rejuvenate with a wide range of massage therapies and treatments.

Philip Logan, COO of Royal Orchid Hotels Ltd, added, “Tourism is a significant contributor to Nepal’s economy and India has remained at the forefront of the inbound. Regenta Resort and Spa, Chitwan is another testament to our continuous endeavour to support neighbouring countries and create a thriving ecosystem in the hospitality industry.”

Regenta Resort and Spa, Chitwan, a perfect confluence of comfort and luxury, also provides an idyllic setting for business conferences, workshops, small functions and weddings or large-scale events with a choice of 3 different venues including Orchid Hall, Kitty Hall and a board room. The property is complete with a well-equipped fitness centre, a rejuvenating swimming pool and indoor and outdoor play arena.

New Delhi, September 09, 2024: Signature Global, India’s leading real estate player, has conferred the construction contract of 1144 crore rupees to Ahluwalia Contracts (India) Ltd., a renowned construction, infrastructure, and engineering company, for its first premium residential project, ‘De-luxe DXP,’ located in Sector 37D, Dwarka Expressway, Gurugram, is expected to redefine luxury living in the region.

Mr. Lalit Kumar Aggarwal, Vice Chairman of Signature Global (India) Ltd., says that “We are elated to embark on the construction of our first premium project, De-luxe DXP, which reflects our vision of creating iconic residential spaces that seamlessly blend luxury and sustainability. Our collaboration with Ahluwalia Contracts guarantees a project that sets new benchmarks in design, amenities, and quality, offering a truly distinctive living experience for our customers.

We observed an overwhelming response from NRIs and corporate professionals during its launch, with each buyer being allotted only one unit, reflecting strong market sentiment toward real estate investment. Despite being our first premium project, De-luxe DXP created a stir in the Gurugram realty market, achieving a record pre-sale of over ₹3600 crore within just a few days of its pre-launch. With excellent connectivity to key areas, the project is designed to meet modern living expectations, providing a unique combination of comfort, practicality, and accessibility.”

Mr. Shobhit Uppal, Deputy Managing Director, Ahluwalia Contracts (India) Ltd says “We are honored to be chosen by Signature Global for this prestigious project. Our commitment to excellence aligns with their vision of delivering high-end residential spaces. We look forward to creating a landmark that stands as a testament to the best in construction and design.”

Ahluwalia Contracts aims to complete the De-luxe DXP project within stipulated regulatory timeframe I.e. 5 years.

Spread over 16.65 acres in Sector 37D, Gurugram, along the vibrant Dwarka Expressway, De-luxe DXP is poised to become a prime destination for luxury living. The project will offer 1008 units across 8 elegantly designed towers, featuring 3BHK, 3.5BHK, 4.5BHK apartments, and penthouses. It boasts a sales potential of 28.12 lakh sqft and is designed by renowned international architects AEDAS, with landscape design by Sanju Bose and Executive Architects is DFI, Structure consultant by Mahimtura, MEP consultant is Sanelac

The project is IGBC Gold-rated, ensuring sustainable living. De-luxe DXP offers a range of premium amenities to enhance the lifestyle of its residents. The project includes two clubhouses spanning 80,000 sq. ft., seven swimming pools, podium parking, VRV air conditioning, and four apartments per core. The spacious units come with large decks balconies, offering breathtaking views. De-luxe DXP also features one of the largest jogging track in the region, and a Miyawaki forest to promote environmental sustainability.

In addition to the luxurious amenities, the project includes 1 lakh sq. ft. of high-street retail space, making it a self-contained urban ecosystem. The location of De-luxe DXP ensures excellent connectivity with the Dwarka Expressway, NH-8, and Southern Peripheral Road, as well as proximity to Delhi, IGI Airport, the upcoming Global City, and a new metro line. This combination of connectivity, amenities, and design makes De-luxe DXP an ideal choice for prospective homeowners and investors.

Mumbai, September 05, 2024: Siddha Group, a leading real estate developer with a national footprint, along with partner Sejal Group is excited to open the EOI Phase of their fifth and final tower; Code named “WOW OR NEVER” at their landmark project, ‘Siddha Sky’ located at Sion NX. Prospective buyers can avail Express of Interest (EOI) benefits worth Rs 21 Lacs, if booked within the offer period of August 29, 2024 to October 3, 2024.

‘Siddha Sky’ is centrally located at Sion NX and comprises 5 towers of 39 storeys’ each; with all the towers connected by Mumbai’s First Rooftop Skywalk. This project offers 2 & 3 Bed Lifestyle Residences. The project also offers 4+ Acres of open spaces, 22,000 sqft of Resident’s Club, and a range of amenities to help residents rejuvenate in a pollution free environment. With amenities like Sky Lounge, hammock seating, amphitheatre, Yoga and telescopic star gazing point, and many more on the Rooftop Skywalk – the occupants will have amazing experiences to cherish.

Mr. Samyak Jain, Director of Siddha Group, said, “We are extremely excited to announce the opening of EOI Phase for the final tower at Siddha Sky. Featuring Mumbai’s First Rooftop Skywalk, this tower is a testament to our unwavering commitment to excellence and our vision of blending modern opulence with timeless comfort. We are very happy at the response received so far. This is the opportunity of the season for buyers to make huge savings by booking now during the EOI Phase!!”

Sion NX is rapidly emerging as a sought-after residential locale in Mumbai, thanks to its proximity to the Eastern Expressway, Freeway, and the forthcoming 32 km Metro 4 corridor linking it to Thane. Furthermore, Atal Setu, connecting Sewri to Nhava-Sheva, has significantly cut travel times to Navi Mumbai, boosting property demand in the area and anticipating a rise in property values.

Siddha & Sejal Group invites home seekers to take advantage of this remarkable offer and become part of a landmark project.

Mumbai, September 5, 2024: As Ganesh Chaturthi approaches, the excitement among the people of Maharashtra is palpable. In celebration of this beloved festival, Group Satellite is offering special, limited-time deals that cater to those eager to buy a new home. With property prices on the rise, these exclusive offers provide a unique opportunity for prospective buyers to invest in their dream home during this auspicious season.

This Ganesh Chaturthi, Group Satellite presents an enticing home buying opportunity at their project Aarambh Avyaan. Amid a thriving real estate market, they are offering 1 BHK homes starting at an all-inclusive price of ₹54.50 Lacs. Homebuyers can make a down payment of just 10% plus Stamp Duty and financial freedom for the entirety of 2024. For every home purchase buyers stand to gain a 10 GM Gold Coin and a Modular Kitchen, merging luxury with practicality. This offer is valid till 18th September 2024 only.

Mr. Himanshu Jain, VP of Sales, Marketing & CRM at Satellite Developers, stated, “Ganesh Chaturthi heralds the beginning of the festive season in Maharashtra, a period when many people are inclined to invest in their dream homes. During this time, developers offer compelling deals, including significant discounts, fully furnished homes, and even holiday packages. With ongoing infrastructure developments across Mumbai, particularly in the western suburbs, both home buyers and investors are drawn to these areas for their strong potential for price appreciation and attractive returns on investment.”