Bengaluru, 05th September 2024: Marriott International Inc. announced that six properties owned by SAMHI Hotels Ltd will convert from franchise to managed entities, enhancing Marriott’s managed portfolio across key business cities in India. The transition of Fairfield by Marriott Mahindra World City, Four Points by Sheraton Chennai OMR, Four Points by Sheraton Jaipur, Four Points by Sheraton Pune, Fairfield by Marriott Hyderabad, and Fairfield by Marriott Ahmedabad to the managed portfolio is expected to complete by October 2024.

By leveraging Marriott’s expertise and robust management capabilities, including the company’s extensive global sales and distribution channels, managed properties reach a wide and diverse audience, enhancing their visibility and revenue potential. Additionally, access to over 210 million Marriott Bonvoy members globally provides a loyal customer base, driving consistent and value led business opportunities.

Pranay Verdia, Area General Manager, Marriott International commented – “This strategic transition marks a pivotal step in our commitment to elevating guest experiences. Over the years we have laid a strong foundation of success with SAMHI Hotels and are now poised to build upon that legacy.

“We have a long-standing relationship with Marriott and integrating these hotels further strengthens that. We are very excited about the prospects of these hotels as they reposition, taking advantage of Marriott’s strong management capabilities,” commented Ashish Jakhanwala, CEO of SAMHI Hotels.

The Fairfield by Marriott brand is known for its comfortable, value-driven accommodation options, providing seamless workspaces and restful stays tailored for the ever-evolving global traveller. Complementing this, Four Points by Sheraton delivers functional guest rooms that strike a perfect balance between work and relaxation, enriched by its signature ‘Style via Comfort’ feature.

Guests at these six hotels will enjoy enhanced benefits and offerings under Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, that gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy’s portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Additionally, the properties will undergo upgrades to align with Marriott International’s high standards for quality and service, ensuring a consistent and memorable stay for all guests.

This transition reinforces Marriott ‘s dedication to providing exceptional experiences at every stay, while guests can expect the highest levels of comfort, service, and innovation at these newly managed hotels.

New Delhi, September 04th, 2024: PropEquity, India’s largest real estate data analytics company, has launched a new business vertical “PropAlert” to provide real-time updates and actionable intelligence of construction activities of real estate projects to home buyers of under-construction properties.

PropAlert is the first and only solution in India specifically designed to safeguard the interests of homebuyers after purchasing under-construction properties. Through this innovative service, PropAlert proactively protects homebuyers from the risk of losing their lifetime savings by identifying and addressing potential issues with stalled projects before they escalate. This ensures that buyers are better equipped to make informed decisions and avoid falling into financial traps.

According to a recent report by PropEquity, more than 5 lakh homes across nearly 2,000 projects are stalled. The government is also making significant efforts by already setting up a dedicated committee under the chairmanship of Mr. Amitabh Kant (Ex-CEO, Niti Aayog). The committee has already held five meetings involving various stakeholders, including state authorities, regulators, real estate developers, homebuyers, and financiers. A recent report released by the committee further highlights the dire state of the situation.

The NSE-listed firm said PropAlert is expected to generate a revenue of Rs 12 crore and gain subscribers upwards of 10,000 by September 2025.

PropEquity is already providing the same project monitoring services to over 70 institutions & banks in 100+ cities & towns.

Commenting on this development, Mr. Samir Jasuja, Founder and CEO, PropEquity said, “PropAlert will usher in an era of enhanced transparency, relevant information & real time alerts for the homebuyer of under-construction properties. With an objective to protect the savings of homebuyers, PropAlert endeavours to bridge the knowledge asymmetry that exists between homebuyers and real estate developers. It will facilitate not just homebuyers

in India but also NRI investors to monitor the progress of their under-construction properties at the click of a mouse.”

PropAlert operates on an unbiased audit conducted by in-house civil engineers who perform on-ground visits, capturing real-time pictures and collecting data across over 100 data points. This thorough process ensures that the information provided is accurate and reliable.

Key offerings include:

● Real-Time Construction Progress Alerts, keeping buyers informed about the status of their projects.

● Project & Developer Alerts for Defaults & Delays, helping buyers anticipate and address potential issues.

● Actionable Intelligence, such as exit options, to safeguard buyers’ investments.

● Developer Record Checks to verify the credibility of developers.

● Legal Checks on both projects and developers to ensure compliance and transparency.

● Comparisons of Nearby Projects to help buyers make informed decisions.

● Historical Price Changes, allowing homebuyers to understand market trends and assess project viability.

The company said it has invested over Rs 200 crore in the last 17 years in P.E Analytics Limited, the parent company of PropEquity and will continue to invest Rs 2 crore every month towards monitoring, tracking, and generating intelligence on projects and developers.

PropEquity’s long history of trust, bolstered by 17 years of comprehensive historical data, positions the company uniquely to address the growing challenges faced by homebuyers in India. No other company is equipped to provide such extensive data and insights to the general homebuying public. As a result, PropAlert is poised to tap into this market single-handedly, offering a solution that no competitor can match in terms of depth and reliability.

Renowned Bollywood actor Ajay Devgn has recently leased out his commercial office space in Mumbai’s bustling Andheri area for a monthly rent of Rs. 7 lakh, as per a transaction reviewed by Square Yards. The ‘Leave and License’ agreement, formalized this September, incurred a stamp duty of Rs. 1.12 lakh. Devgn’s office is situated in Signature Tower, is developed by Lotus Developers.

The project is located along the Veera Desai Road in Oshiwara, one of a prime location in Mumbai’s Western Suburbs. It offers seamless access to major highways, metro station, and is just a short distance from the international airport, making it a highly sought-after area for businesses looking for well-connected office spaces. The locality’s vibrant mix of retail, dining, and entertainment options further elevates its status as a business hub.

Square Yards reports that the leased property spans 3,455 sq. ft. (~ 321 sq. m.) and includes three car parking spaces. The agreement, secured with a Rs. 30 lakh deposit, is for a 60-month (5 years) lease term. The actor, along with his wife, is known to own multiple properties within the same project. They are among several Bollywood celebrities, including Amitabh Bachchan, Sara Ali Khan, and Kartik Aaryan, who have also invested in commercial spaces in Signature Tower.

Ajay Devgn is one of India’s most successful and respected actors, boasting two National Film Awards and the prestigious Padma Shri. His performances in films like Singham, Drishyam, and Tanhaji have cemented his reputation as a powerhouse in Indian cinema. Recently, he has continued to capture audiences with standout roles in Bhuj and Maidaan. The actor has Singham Again, Raid 2, and De De Pyaar De 2 in pipeline.

Noida, Uttar Pradesh, September 2024 – Brick&Bolt, India’s leading tech-enabled construction company known for its innovative solutions, is proud to announce the launch of its first Experience Centre (EC) in Noida. Located at Sector 10, Gautam Buddha Nagar, this state-of-the-art facility marks a significant milestone in the company’s ambitious growth plan to revolutionize the construction industry across the nation.

 Spanning 2,740 sq. ft., the new Experience Centre, combined with office space, is designed to provide customers with an immersive experience of Brick&Bolt’s offerings. Property owners from Noida, Delhi, Greater Noida and Ghaziabad, looking for high-quality construction services but want a more transparent, trustworthy and efficient partner, can walk in to the Experience centre to explore a comprehensive range of products and solutions tailored to meet various construction needs, including the Basic Package, Classic Package, Premium Package, Royal Package, and the Dahlia Package.

 Founded in 2018 by Mr Jayesh Rajpurohit and Mr Arpit Rajpurohit, Brick&Bolt was established with the mission of redefining the construction experience for property owners. The company offers a comprehensive suite of services from design to execution, ensuring seamless delivery, exceptional quality, and customer satisfaction. Key features include over 3,200 customizable floor plan options, 100% money safety with an ESCROW payment mechanism, and a trademarked Quality Assessment System (QASCON) that involves 3 levels of auditing with 470+ quality checks on every project.

 Speaking about the launch, Mr. Jayesh Rajpurohit, Co-Founder and CEO of Brick&Bolt, said, “We anticipate strong engagement from the Noida and NCR market, with the launch of our first Experience Centre in Noida. This region holds immense potential, and our goal is to attract new customers by providing a seamless, omnichannel experience that blends the best of both online and in-person interactions. By showcasing our comprehensive solutions and personalized services, we aim to establish a robust presence and drive significant footfall to the Experience Centre, ensuring that our brand becomes the go-to choice for home and commercial construction in this region.”

 While the Noida EC offers the same high-quality products and solutions available at other Brick&Bolt locations nationwide, the company ensures that its offerings cater to diverse tastes and needs suited to the region. “We maintain a uniform brand standard to ensure that every customer, regardless of location, receives the same high-quality experience and offerings,” added Arpit Rajpurohit, Co-Founder and CTO of Brick&Bolt. “While we take note of local preferences, our core products and solutions remain aligned with our brand values.”

 Brick&Bolt has been at the forefront of driving the shift from an unorganized to an organized construction sector, setting new standards for transparency, efficiency, and quality. Since its inception, the company has completed 7.54 million sq. ft. of construction, encompassing 4,500 units across top-tier cities such as Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Pune, Bangalore, Hyderabad, Chennai, and Mysore.

 In the near future, Brick&Bolt aims to expand their residential and commercial construction projects across India’s top 25 cities, including Kolkata, Lucknow, Kochi, Nagpur, and Coimbatore, among others, with a goal of delivering

over 35,000 units during this journey. By leveraging technology, they aim to revolutionize urban living and contribute to the development of vibrant, modern communities. Through this expansion, they aim to enhance their market presence while also catering to the growing demand for quality construction in India’s rapidly urbanizing landscape.

Column written by: Badar Rashid AlBlooshi, Chairman of 3DXB Group

September 2, 2024 – Dubai, UAE: Dubai is undergoing a profound transformation in the way it designs its public spaces, with outdoor furniture becoming a key element in enhancing quality of life and achieving sustainability. With the city’s population expected to reach 5.8 million by 2040, there is a growing need for innovative solutions that meet residents’ needs while promoting environmental sustainability.

Sustainability at the Core of Outdoor Furniture Design

Sustainability has become a top priority in outdoor furniture design in Dubai. The city increasingly relies on environmentally friendly and recyclable materials to manufacture these pieces, helping to reduce carbon footprints and promote ecological balance. Dubai’s 2040 Urban Master Plan aims to create green urban spaces that contribute to improving quality of life and fostering social interaction.

Technological Innovation: 3D Printing as a Game Changer

One of the most impactful innovations transforming outdoor furniture design in Dubai is 3D printing technology. This technology offers several advantages:

Design Flexibility: 3D printing allows for the creation of custom furniture pieces that precisely align with the unique needs of each urban space, whether it be public parks, schoolyards, or recreational areas. This flexibility enables designers to create environments that cater to diverse user requirements while enhancing the aesthetic appeal of spaces.

Waste Reduction: The precision of 3D printing significantly reduces material waste. Each piece of furniture is produced according to exact specifications, minimizing surplus and ensuring more efficient use of resources.

Accelerated Production: 3D printing technology accelerates the production process for outdoor furniture, allowing for the rapid fulfillment of project demands. This is particularly crucial in a city like Dubai, where urban development is moving at a rapid pace.

Innovative Designs: 3D printing offers virtually limitless design possibilities, enabling the creation of unique pieces that reflect Dubai’s distinctive architectural identity. Designers can now push the boundaries of traditional design and explore new avenues of creative expression.

Dubai 2040: A Vision for a Sustainable Urban Future

Dubai’s 2040 Urban Master Plan is built on the foundation of developing infrastructure that supports sustainable mobility and increases the city’s green spaces. This ambitious plan seeks to enhance the quality of life by transforming public areas into spaces that encourage social interaction and physical activity. 3D-printed outdoor furniture plays a vital role in this vision, contributing to the creation of sustainable and attractive urban environments.

3DXB’s Commitment to Supporting Dubai’s Vision

In light of these transformations, 3DXB Group is committed to supporting Dubai’s 2040 vision by providing innovative and sustainable outdoor furniture solutions. Leveraging 3D printing technology, the group delivers custom-designed furniture pieces that meet the diverse needs of Dubai’s urban spaces, enhancing the city’s aesthetics and helping to achieve its strategic goals.