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.”

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

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.

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.

The Mall of Faridabad recently organized a vibrant, flameless cooking competition in collaboration with Cornitos to promote community engagement and foster family participation. The event saw a huge participation from local families and children, who showcased their culinary creativity through traditional dishes. The activity not only brought together different generations but also allowed families to celebrate their cultural roots through food.

Commenting on the event, Mr. Abhishek Bansal, Executive Director, Pacific Group, said, “We are thrilled with the overwhelming response from the community. The flameless cooking event was designed to inspire creativity and celebrate our rich culinary heritage. It was heartwarming to see families come together and share their traditions through the art of cooking.”

The delicious dishes made by the participants reflected their dedication and captured the essence of the culinary experience. This engaging initiative is part of the mall’s ongoing efforts to create meaningful experiences that unite the local community.

Pranav Agarwal and Raghav Bagai’s inclusion marks a pivotal achievement for young entrepreneurs and the advertising industry at large. 

National, 2 October 2024: Pranav Agarwal and Raghav Bagai, co-founders of SW Network, have secured a coveted spot on Hurun India’s prestigious Under35s list of young entrepreneurs, an accolade that underscores their outstanding contributions to India’s growing entrepreneurship ecosystem. The list celebrates the country’s most innovative young leaders whose ideas and drive are shaping the future of entrepreneurship in India. This recognition of Pranav and Raghav highlights not only their personal success but also signals a broader shift in how entrepreneurship is fueling India’s economic and social evolution.

As dynamic leaders, Pranav Agarwal and Raghav Bagai have transformed SW Network into a thriving integrated advertising agency, leading with foresight and innovative business strategies that reflect the changing demands of the modern landscape of brands and audiences. Despite not coming from traditional advertising backgrounds, they started off by doing things differently, challenging the status quo and often being considered the underdogs in the industry. Their unconventional approach has been key to their success, helping them push boundaries and rethink how advertising works in the digital age. Their spot on the Hurun Under35s list is a testament to their commitment to innovation, building a business that is not only financially successful but also influential in shaping new standards of growth and creativity in India.

Reflecting on the recognition, Raghav Bagai, Co-Founder of SW Network, remarked, “Being included in the Hurun Under35s is both humbling and inspiring. It reinforces our belief in the power of entrepreneurship to drive change, and we are motivated to continue exploring new horizons in business. In the advertising and marketing industry, we see immense potential to not just help brands grow but to redefine how businesses connect with their audiences in a digital-first world. Our goal is to keep pushing the envelope and create campaigns that leave a lasting impact on both the business and cultural landscape of India.”

Pranav Agarwal, Co-Founder of SW Network, added, “This achievement isn’t just about us; it’s a reflection of India’s entrepreneurial spirit. As young entrepreneurs in the advertising space, we are part of a larger movement that is reimagining the future of entrepreneurship in India, where innovation, resilience, and leadership are crucial to drive progress. The advertising and marketing industry plays a critical role in this transformation, offering creative and impactful solutions that help brands/businesses thrive in today’s competitive market. We are proud to be leading this change, helping brands tell their stories in ways that resonate globally.”

The Hurun Under35s list celebrates the country’s brightest entrepreneurs, offering a glimpse into the emerging generation of business leaders who are poised to redefine India’s economic trajectory. The recognition of Pranav Agarwal and Raghav Bagai not only reinforces their status as top innovators but also shines a light on the broader advertising and marketing landscape, where digital transformation, innovation, and creative solutions are rapidly reshaping the nation’s future.

Moreover, Indian companies led by young entrepreneurs are increasingly going global, leveraging their talent and innovation to compete on the world stage. This trend is positioning India as a hub of entrepreneurial excellence, with businesses expanding their reach beyond domestic borders and making a mark internationally.

As India evolves into the next global advertising hub, Indian agencies are proving their mettle by competing with the best in the world. Through innovative campaigns, creative prowess, and cutting-edge digital strategies, these agencies are not only establishing a global presence but also solidifying India’s place as a key player in the advertising industry worldwide.

In a landscape that is increasingly characterized by digital disruption and global competition, their commitment to pushing boundaries not only propels their agency forward but also inspires countless aspiring entrepreneurs across the nation. The future of India’s entrepreneurial ecosystem looks bright, fueled by fresh ideas, innovative strategies, and a determination to reshape industries.

Chennai, October 2, 2024: Indian Overseas Bank (IOB) proudly participated in the Swachh Bharat Diwas celebrations on October 2, 2024, at Besant Nagar Beach, reaffirming its commitment to cleanliness and community welfare. The event was led by the bank’s Managing Director & CEO, Shri Ajay Kumar Srivastava, along with the Executive Directors, Shri Joydeep Dutta Roy and Shri Dhanaraj T. They were joined by several senior bank executives and employees who participated in the mass cleanliness drive.

The celebrations commenced with a Swachhta pledge, taken by the bank’s top management and staff, emphasizing the importance of a clean and hygienic environment. Following the pledge, the participants took part in a large-scale cleanliness drive at the beach, demonstrating the bank’s active involvement in supporting the Swachh Bharat mission.

As a mark of respect for their invaluable contribution, Shri Srivastava and the Executive Directors felicitated the housekeeping workers who work tirelessly to maintain the cleanliness of public spaces. The bank recognized their dedication and hard work, emphasizing the crucial role they play in the Swachh Bharat movement.

In line with its Corporate Social Responsibility (CSR) initiatives, Indian Overseas Bank made a significant donation of two Battery Operated Vehicles (BOVs) to the Greater Chennai Corporation and a wall painting at Chennai Primary School, near greams road. BOV will assist the Corporation in improving garbage collection and ensuring a cleaner city. This gesture underscores IOB’s commitment to sustainable environmental practices and its contribution to the welfare of the community.

Speaking on the occasion, Shri Ajay Kumar Srivastava, MD & CEO, said, “At Indian Overseas Bank, we believe in not just financial service, but in service to the community. Our participation in Swachh Bharat Diwas reflects our deep-rooted commitment to cleanliness and sustainable development. We are honored to contribute to the city’s cleanliness efforts through the donation of these Battery Operated Vehicles.”

Indian Overseas Bank continues to be a responsible corporate citizen, actively contributing to initiatives that benefit society and the environment. The Swachh Bharat Diwas event is a testament to the bank’s enduring commitment to creating a cleaner, greener, and healthier India.

Shaitani Rasmein, a show that has captivated audiences with its battle between good and evil, is set to take a thrilling turn with the introduction of Sumit Singh as Pinni. As the storyline progresses, Sumit joins the cast in a major role, and she couldn’t be more excited about this new journey.

Speaking about her entry into the show, Sumit says, “I’m more than happy to be playing Pinni. This show isn’t your typical saas-bahu drama; it’s on a completely different level. The storyline, the themes, and the incredible co-actors I’m working with make this an amazing experience. The actors before me set a very high standard with their amazing talent and left the audience in awe. I’m worried about whether I can reach or surpass that level. The cast and crew have been so welcoming and have made me feel comfortable, allowing me the space to grow. Honestly, with each episode, you’ll see me evolve, and I’m learning so much along the way. Pinni is a naive girl who’s unaware of what the world holds for her, and playing her is both challenging and rewarding.”

She adds, “I’m extremely excited about the upcoming shoots. The way the plot unfolds and how the team works so hard to bring everything to life is inspiring. My character, Pinni, still has so much to discover, especially the hidden side of her personality that even she doesn’t know exists. That will be the most intriguing part for the audience. I promise, as Pinni’s journey unfolds, it will keep you hooked to your screens. This is such an exciting start to my journey, and I can’t wait for the audience to see my new character and the layers she brings to the show.”

Tune into Shaitani Rasmein on Star Bharat from Monday to Saturday at 10 PM to witness this exciting chapter.