MAHE’s Commerce Dept Hosts Suresh Prabhu on Sustainable Development and Economic Policies
Manipal, August 12, 2024: The Department of Commerce at Manipal Academy of Higher Education (MAHE) hosted an enlightening interactive session today featuring Hon. Shri Suresh Prabhu, a respected leader and thought influencer in sustainable development and economic policies. Shri Prabhu, who currently serves as the Founding Chancellor of Rishihood University and Guest Professor at the London School of Economics, has an impressive legacy as a former Union Minister with ten portfolios and six terms as a Member of Parliament.
The talk drew enthusiastic participation from students and faculty of the Department of Commerce, as well as attendees from TAPMI and other MAHE institutions. Shri Prabhu delivered a powerful address on key global issues, focusing on sustainable development, climate change mitigation, and transformative economic policies in emerging markets. His insights, shaped by years of experience in both national and international policy arenas, provided attendees with a deeper understanding of these critical topics.
The event was further distinguished by the presence of Lt. Gen. (Dr.) M. D. Venkatesh, VSM (Retd), Vice Chancellor, Manipal Academy of Higher Education, who offered his support and encouragement for the academic discourse. Dr. Everil, who served as the Master of Ceremonies, skillfully guided the event, ensuring a smooth and engaging experience for all attendees. The session concluded with a vote of thanks from Dr. Sandeep S. Shenoy, Head of the Department of Commerce, who expressed his sincere appreciation to Shri Suresh Prabhu for sharing his expertise and inspiring the audience.
This interactive talk offered a rare opportunity for students and faculty to engage with one of the most influential figures in sustainable development and economic policy, deepening their understanding of the challenges and opportunities facing emerging markets today.
Unwrap the Nostalgia as Amazon miniTV unveils the trailer for Yeh Meri Family Season 4
Mumbai, 12 August 2024: Amazon miniTV, Amazon’s free video streaming service, unveils the official trailer for the eagerly awaited fourth season of Yeh Meri Family, powered by Mamaearth. Premiering on 16th August, the brand-new season will transport us back to the nostalgic 90s, a time of innocent joys, heartfelt connections, and unbreakable family bonds. Set in the Monsoon of 1995, Season 4 continues to explore the everyday adventures of the Awasthi family, while capturing the playful and heartfelt relationship between siblings Rishi and Ritika. Produced by TVF, the new season marks the return of fan-favourite cast, including Hetal Gada, Anngad Raaj, Rajesh Kumar, and Juhi Parmar in their beloved roles.
The trailer offers a delightful glimpse into the new season, beautifully contrasting the joy of family togetherness alongside various challenges, from Rishi’s mischievous antics to Ritika’s teenage struggles. It evokes nostalgia with its scenes of dancing in the rain and making paper boats, bringing to life the simple pleasures of childhood. Season 4 captures the essence of sibling love with Rishi and Ritika’s playful pranks and deep connection, showcasing how their bond remains strong despite the ups and downs. Filled with warmth, humour, and the magic of family moments, the new season is a heartfelt homage to the 90s, reconnecting viewers with cherished memories of their childhoods.
Expressing her delight of returning in the fourth season, Juhi Parmar, shared, “Neerja has been loved so much and I feel so grateful that I have had a character that takes us down nostalgia lanes as my debut to OTT. People have loved the simplicity of Neerja and as strict as she is on the outside, there’s a softness to her which every mother and woman in our country can relate to. I’m glad that with Yeh Meri Family we are being able to reconnect with our audience on the simple joys of life that used to exist once upon a time and I’m looking forward to all of us entertaining our audience again with another season full of lots of ups and downs, laughter, emotions and so much more.”
Amogh Dusad, Head of Content, Amazon miniTV shared, “Yeh Meri Family has gone on to become an integral part of our content offering and we’re proud to present the fourth season on Amazon miniTV. The authentic portrayal of the 90s family life is endearing and relatable for audiences across India. This season promises to be a delightful continuation of the beloved series, and we can’t wait for our audience to experience the magic of the 90s, once again with the Awasthis.”
“Yeh Meri Family continues to capture the heart of what it means to be part of a family, with its authentic portrayal of love, laughter, and life’s simple moments. Season 4, set in the nostalgic monsoon of the 90s, delves deeper into these timeless connections and celebrations, bringing back cherished memories for our viewers. We are excited to partner with Amazon miniTV to share these touching stories and offer a heartfelt tribute to the era that shaped so many of our lives,” added Vijay Koshy, President, TVF.
Relive the magic of the 90s while celebrating the enduring spirit of family values with Yeh Meri Family S4, streaming from 16th August exclusively on Amazon miniTV, available within Amazon’s shopping app, on Prime Video, Fire TV, Smart TVs, and Play Store.
Kyoorius Designyatra 2024: Brings The Academy of Play to Grand Hyatt Goa from 26th-28th September
12th August, 2024, Mumbai, India – Kyoorius Designyatra, India’s biggest anti-disciplinary design conference, presented by ZEE5, is all set to make a grand return in Goa on the 26th, 27th, and 28th of September 2024. The three-day conference continues to champion numerous facets of design – be it architecture, interiors, branding, communication, digital, experiential, graphic, motion, packaging, product, spatial or visual.
This year’s theme, Academy of Play, highlights the importance of playfulness in creativity and design thinking, and urges everyone in the design community and fraternity to assess, identify and build on the role of play in process.
The conference features an exceptional roster of “Professors of Play”, who are set to inspire, stimulate and educate attendees with insights, learnings and tips from their illustrious careers.
Among these distinguished speakers are Malika Favre, the French illustrator known for her bold and minimalistic style; Chip Kidd, the acclaimed graphic designer celebrated for his iconic cover design for Jurassic Park, as well as his memorable designs for Peanuts, Batman: The Dark Knight Returns, and Haruki Murakami’s 1Q84; Aaquib Wani, the highly popular talk-of-the-town Indian designer responsible for team India’s kits at the 2024 Olympics and on the international cricket field, amongst various other platitudes; and Nassia Inglessis, the innovative artist and engineer behind transformative interactive installations.
They will be joined by many other industry leaders, including Akanksha Deo Sharma, In-house Designer at IKEA; Amna Elshandaweely, Fashion Designer at Amna Elshandaweely; Eva Cremers, 3D Artist & Animation Director at Eva Cremers; Gianmauro Vella, VP & Head of Design APAC & AMESA; Habibeh Madjdabadi, Architect/Owner at HABIBEH MADJDABADI Architecture Studio; Johannes Torpe, Interior Designer, Product Designer, Furniture Designer, Industrial Designer, & Architect at Johannes Torpe Studios; Kaja Solgaard Dahl, Stone Sculptures and Product Design at Atelier Kaja Dahl; Kimya Gandhi, Typeface Designer at Mota Italic; Mark Williams and Joe Weir, Founders and Creative Directors at That Thing; Matt Alagiah, Editor-in-Chief at It’s Nice That; Moritz Waldemeyer and Nazanin Farahbod, Product Designer and Co-Founder at Studio Waldemeyer; Paul Cocksedge, Artist & Designer at Paul Cocksedge Studio; Rob Keller, Typeface Designer & Artist at Mota Italic; Somnath Bhatt, Designer, Artist, and Writer; Tanu Sinha, Head Of Design at PepsiCo India & South Asia; Wade Jeffree and Leta Sobierajski, Designer and Art Director at Wade and Leta and many others.
Rajesh Kejriwal, Founder and CEO of Kyoorius, shares his vision for this year’s theme: “At Kyoorius Designyatra 2024, the goal is to explore the role of play. In the Academy of Play, we’ll hear stories from top industry players and learn tips and tricks to improve our creative processes. ‘Play better’ is our mantra, and with our amazing Professors of Play, the conference will bring this theme to life.”
Kyoorius Designyatra 2024 promises to be an unmissable event for anyone passionate about design. Attendees will have the opportunity to participate in interactive sessions, workshops, and networking events, fostering a collaborative and enriching environment. The conference will conclude with the 2024 Kyoorius Design Awards Night, featuring the 2024 Kyoorius Young Blood Awards, celebrating emerging talent in the industry.
Experts Gather at RGCIRC’s Onco Critical Care Conference to Address Key Challenges in Onco Critical Care
New Delhi, August 12: Rajiv Gandhi Cancer Institute and Research Centre (RGCIRC) organized the second annual conference on Onco Critical Care which brought together leading experts, intensivists, nurses, and health professionals working in critical care areas from the national capital and neighbouring regions to explore the gaps in oncology care.
The conference featured expert-led sessions and panel discussions for healthcare professionals who are committed to advancing their knowledge and skills in field of critical care.
Highlighting the significance of the conference in pushing the boundaries of onco critical care, D. S. Negi, CEO, RGCIRC, said, “Our commitment is to advance onco critical care by not only improving our clinical practices but also by fostering a collaborative environment for ongoing education and research. We are dedicated to ensuring that cancer patients receive the intensive care they need, when they need it, to improve their chances of recovery and quality of life.”
The theme of the conference resonates with the broader goal of improving patient outcomes and addressing the financial and emotional toll on cancer patients and their families.
Dr. Parveen Kaur, Consultant & Head MICU, RGCIRC and Organizing Chairperson of the conference, who emphasized the importance of such platforms for sharing knowledge and driving advancements in onco critical care saying, “Many cancer patients find themselves in the ICU due to complications from their disease or its treatment. The purpose of this conference is to raise awareness that cancer diagnosis is not a dead end. Intensive care is not just a reactive measure but an integral part of cancer care. Patients with cancer, irrespective of their stage, deserve the best possible intensive care.”
The sessions and panel discussions focused on topics including the “AI Maturity Roadmap for Effective and Sustainable Application in Healthcare,” “CAR T Cell Therapy: Pearls and Pitfalls,” and “Approach to Infections in Stem Cell Transplant Recipients.” The sessions also focused on addressing the complexities of providing organ support to cancer patients and how to optimize care based on individual needs and circumstances.
The Onco Critical Care Conference played a crucial role in advancing medical knowledge, fostering collaboration, and ultimately improving patient outcomes.
Asus unveils the AC65-05 GaN Charger, a pocket-sized powerhouse
India, 12th August 2024: ASUS, the renowned leader in innovative technology, has announced the launch of its latest breakthrough in charging technology – the ASUS GaN Charger AC65-05. Designed to cater to the fast-paced lifestyles of digital savvy users, this latest charger combines power, efficiency, and portability in an ultra-compact form. The ASUS AC65-05 GaN Charger will be available at the starting price of INR 2799 at Amazon, Flipkart, Asus Exclusive store, Asus E-shop.
Commenting on the launch, Arnold Su, Vice President, Consumer and Gaming PC, System Business Group, ASUS India, said, “At ASUS, we endeavor to bring the best of technology to all our customers, and we are committed to enhancing everyday experiences through reliable and innovative solutions. The new ASUS GaN Charger AC65-05 is a testament to how technology serves as a powerful, efficient, and versatile gadget for users. With the incredible efficiency of GaN technology, this charger delivers fast power with minimal heat, making it a standout in performance. Its dual USB Type-C ports simplify your life by letting you charge multiple devices simultaneously, while the compact design and rugged durability makes it ready for all your travel needs.”
The mini charger with mighty power
The ASUS AC65-05 GaN Charger displays the cutting-edge potential of Gallium Nitride (GaN) technology, a high-grade semiconductor celebrated for its superior electrical transfer properties. This marvel ensures blazing-fast, efficient charging with minimal heat buildup, making it the perfect solution to power-up your gadgets. It features dual USB Type-C ports, allowing you to fast-charge two devices simultaneously. Whether you need to power up your laptop, phone, or tablet, the ASUS AC65-05 GaN Charger eliminates the need for multiple chargers. It includes a 1.5-meter 5A USB-C-to-USB-C cable and can charge an empty phone’s battery up to 50% in just 30 minutes.
Smart load balancing for optimal performance
The ASUS AC65-05 GaN Charger offers up to 65 watts of power when charging a single device. During simultaneous charging, its Smart Load Balancing feature distributes the output efficiently between the two USB Type-C ports, ensuring optimal charging performance for all your devices.
Pocket-friendly and unmatched durability
The charger’s pocket-sized dimensions and lightweight design make it the smallest charger in the ASUS lineup. It’s perfect for those on the go, providing a powerful charging solution that fits right in your pocket. To ensure the highest standards of quality and durability, the ASUS AC65-05 GaN Charger has undergone rigorous testing. It features a built-in electronic marker chip (E-Marker) for compatibility with various devices and cables. The charger has passed a 3000-cycle cable bend test and a 10,000-cycle insert-and-removal test, guaranteeing long-lasting performance.
Patriotic Fervour Grips Realty Sector: Discounts & Offer Buyers
12th August 2024: With India’s independence day just around the corner, and like everyone else, the real estate sector is also caught in a patriotic fervour. The extended weekend, the pleasant weather and the RBI’s decision to continue with a low-repo-rate regime also make it an attractive time for buyers to go and look for their dream abode.
In the NCR, the timing is particularly favourable with healthy stock inventory, presence of developers with impeccable credentials, new project launches, both in residential and commercial segments including plotted development, ensure that the buyers have enough choice to suit their needs and investment temperaments.
For a developer coming up with a plotted project at Noida Expressway, the company is not only offering special rates but it also includes free lift installation and a gold coin.
“As Independence Day approaches, our offer celebrates luxury living at our project, Escon Panache Villas. It includes a special introductory price starting from just ₹2.02 crore, along with lift installation and 24 gm gold. It is our small way of adding extra value to the luxurious lifestyle. The project’s iSmart luxury spacious villas, with features like a Terrace Garden, Double Height Living Room, Private Pool, Zero % Loading, Vastu-friendly, and an Advanced Security System in a Gated Society, will elevate your lifestyle. We encourage our homebuyers to make the most of the opportunity and enjoy the pinnacle of luxury with Escon Panache Villas,” says Neeraj Sharma, MD, Escon Infra Realtor.
For other developers, it is time to honour the guardians of the nation and the defence personnel. Sushma Group’s Independence Day offer, which started with the Kargil Vijay Diwas on 26th July, will continue till the Independence Day at its project, Sushma Belleza. In the words of the developer, “It is a way to express our gratefulness to the Indian defence personnel who tirelessly guard our nation and ensure our security.”
“Their selfless service and unwavering dedication are a source of inspiration to us all. Through our offer, ’21 Days Salute to Service, ‘ we aim to express our heartfelt appreciation and respect for their sacrifices. This is our humble way of giving back to those who dedicate their lives to serving the country. We sincerely hope that this special offer helps them realise their dream of owning a home,” said Mr. Prateek Mittal, Executive Director of Sushma Group.
In the commercial segment, lucrative independence day deals are available in various projects in Gurugram, which includes among others low registration fee.
Ahead of the Independence Day celebrations, we offer a special opportunity to invest in strategically located shops bang on Dwarka Expressway. Our lockable society shops at India Rashtra 88A are available with a nominal registration fee of Rs. 49,000/-. Once your registration is successful in the draw of lots, you’ll be able to get the allotment after payment of the initial booking amount. With only 70 shops available for registration at India Rashtra.” It offers quite competitive prices with investment starting from Rs. 32.46 lacs. This is a lifetime opportunity and unparalleled offer on the occasion of Independence Day says, Mihir Jha, Project Sales Head, Next Generation Projects Pvt Limited.
Indeed the Independence Day is a time not only to dedicate ourselves to the nation but also avail to live in a house of one’s own. With developers offering deals it’s makes it the right time to invest in a property of one’s own.
Pune Home Sales Soar 50% YoY in June; Average Prices Reach All-Time High: Square Yards
Pune, Maharashtra, August 12, 2024 – Pune’s real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards. The number of transactions registered with the IGR between April and June 2024 reached 39,961, up from 26,629 during the same period last year.
| Pune Real Estate Summary – Q2 2024 (April-June) | |||||
| Q2 2023 | Q1 2024 | Q2 2024 | QoQ | YoY | |
| Registered Real Estate Transactions
(No. of units) |
26,629 | 57,105 | 39,961 | -30% | 50% |
Of the total registered transactions in Pune, 20,190 were residential, amounting to a registered sales value of Rs. 13,995 crore, marking a 3% annual increase. Correspondingly, the average registered home sales value reached an all-time high of Rs. 69 lakh in the second quarter of 2024, recording a robust 17% year-over-year growth. This shift highlights a strong preference among homebuyers for high-end and premium properties, driving the average sales value to a new high.
| Pune Residential Summary – Q2 2024 (April-June) | |||||
| Q2 2023 | Q1 2024 | Q2 2024 | QoQ | YoY | |
| Registered Sales Value (GTV) (Rs. crore) | 13,637 | 17,837 | 13,995 | -22% | 3% |
| Average Registered Sales Value (Rs. crore) | 0.59 | 0.66 | 0.69 | 5% | 17% |
“Pune continues to stand out as one of India’s top-performing cities, second only to Mumbai MMR,” says Suhas Paithankar, Associate Principal Partner, Square Yards. “The June quarter’s data highlights a healthy 17% annual increase in the average registered sales value, reaching an all-time high of Rs. 69 lakh. This underscores a robust demand for premium homes, fueled by rising employment opportunities, increased disposable incomes, and a shift towards aspirational lifestyle.”
He added, “Looking at the historical data trends of Pune, the second quarter is anticipated to give way to heightened residential activity in the latter half of the year driven by upbeat homebuyer sentiments owing to the upcoming Ganpati and other festivals.”
The share of residential transactions for properties priced between Rs. 50 lakh–1 crore rose to 39% in the June quarter, up from 36% during the same period the previous year. Additionally, transactions for properties priced between Rs.1–2 crore nearly doubled, increasing to 14% from 9% year-on-year. Properties within the 500–1,000 sq.ft. range continue to dominate, representing 62% of all transactions as 1 BHK followed by 2 BHK remain most preferred configuration amongst homebuyers.
| Pune – Area-wise Residential Transactions
Q2 2024 vs Q2 2023 (April-June) |
Pune – Budget-wise Residential Transactions
Q2 2024 vs Q2 2023 (April-June) |
|||||
| Area (in sq.ft.) | Q2 2023 | Q2 2024 | Budget | Q2 2023 | Q2 2024 | |
| Below 500 sq.ft. | 27% | 22% | Below INR 50 lakh | 53% | 44% | |
| 500–1000 sq.ft. | 62% | 62% | INR 50 lakh–1 crore | 36% | 39% | |
| 1000–1500 sq.ft. | 8% | 12% | INR 1–2 crore | 9% | 14% | |
| 1500–3000 sq.ft. | 2% | 3% | INR 2–3 crore | 1% | 2% | |
| Above 3000 sq.ft. | 1% | 1% | Above INR 3 crore | 1% | 1% | |
Micro Market Performance
Pimpri Chinchwad and the Western suburbs continue to dominate residential market activity, particularly the localities along the Mumbai-Pune Expressway and NH-48. These micro-markets collectively accounted for 67% of overall registered transactions and 64% of sales value in the June quarter.
The highest average transaction value was recorded in Pune’s central suburbs at Rs. 1.08 crore, followed by the western micro-market at Rs. 88 lakh, driven by the extensive presence of IT companies. In contrast, Pimpri-Chinchwad remains an affordable alternative with an average transaction value of Rs. 56 lakh. This coupled with good connectivity via NH-48 has added to the popularity of this micro-market.
| Pune Residential Micromarket Summary – Q2 2024 (April-June) | |||
| Micromarket | Registered Residential Transactions (No. of units) | Registered Home Value (Rs. crore) | Average Registered Home Sales Value (Rs. crore) |
| Overall Pune | 20,190 | 13,995 | 0.69 |
| Pimpri-Chinchwad | 9,240 | 5,168 | 0.56 |
| Pune West | 4,270 | 3,755 | 0.88 |
| Pune East | 3,754 | 3,101 | 0.83 |
| Pune South | 2,443 | 1,449 | 0.59 |
| Pune Central | 483 | 522 | 1.08 |
Localities such as Wagholi, followed by Ravet, Punawale, and Tathawade led in total registered residential transactions in Q2 2024. In terms of registered sales value, Wagholi and Baner took the lead, with properties worth Rs. 991 crore and Rs. 679 crore sold during the June quarter.
Market Leaders and Key Projects
VTP Realty retained its top position in both total registered transactions and sales value. Their project, VTP Verve in Sus, stood third on the list of projects with the highest number of registered transactions and second on the list for sales value. Kolte Patil Developers followed closely, with substantial contributions from their project Life Republic in Hinjewadi. Godrej took the third spot, with Godrej Urban Retreat performing strongly in terms of transactions and sales value. Lodha’s project, Lodha Giardino in Kharadi, led in registered transactions value.
| Top Developers by Registered Home Sales Value
Pune Q2 2024 (April-June) |
|||
| Rank | Developers | Registered Home Sales Value (Rs. crore) | Top Projects by Registered Home Sales Value |
| 1 | VTP Realty | 525 | VTP Verve, VTP Dolce Vita |
| 2 | Kolte Patil Developers | 393 | Kolte Patil Life Republic |
| 3 | Godrej Properties | 352 | Godrej Urban Retreat |
| 4 | Lodha Group | 346 | Lodha Giardino |
| 5 | Kumar Properties | 199 | Kumar Parc Residences, Kumar Palmspring towers |
| 6 | Krisala Developers | 165 | Krisala 41 Luxovert |
| 7 | Nyati Group | 160 | Nyati Equinox, Nyati Emerald |
| 8 | Pristine Properties | 142 | Pristine O2 World |
| 9 | Rohan Group | 139 | Rohan Leher, Rohan Anand |
| 10 | Pride Purple Group | 124 | Park Titan |
| Top Developers by No. of Registered Residential Transactions
Pune Q2 2024 (April-June) |
|||
| Rank | Developers | Registered Residential Transactions (No. of units) | Top Projects by No. of Registered Residential Transactions |
| 1 | VTP Realty | 573 | VTP Verve, VTP Dolce Vita |
| 2 | Kolte Patil Developers | 422 | Kolte Patil Life Republic |
| 3 | Godrej Properties | 402 | Godrej Urban Retreat |
| 4 | Lodha Group | 315 | Lodha Giardino |
| 5 | Kumar Properties | 260 | Kumar Parc Residences, Kumar Palmspring towers |
| 6 | Krisala Developers | 202 | Krisala 41 Luxovert |
| 7 | Nyati Group | 180 | Nyati Equinox, Nyati Emerald |
| 8 | Pristine Properties | 170 | Pristine O2 World |
| 9 | Rohan Group | 165 | Rohan Abhilasha, Rohan Ekam |
| 10 | Goel Ganga Group | 147 | Ganga New Town, Ganga Amber |
New Launches
According to Square Yards, a total of 16,783 units were launched in Pune during the June quarter, spanning 177 projects and covering nearly 15 million square feet. Pimpri Chinchwad dominated Pune’s residential new supply, accounting for 47% of the total units launched in Q2 2024. The presence of an IT hub, connectivity via NH-48, and the availability of land parcels have attracted many developers to this micro-market.
| Pune Residential New Supply Summary – Q2 2024 (April-June) | |||
| Micromarket | Total Launched Inventory
(No. of units) |
Total Launch Projects | Total Launch Area
(Million sq.ft.) |
| Overall Pune | 16,783 | 177 | 14.9 |
| Pimpri Chinchwad | 7,084 | 63 | 7.0 |
| Pune West | 3,935 | 38 | 3.2 |
| Pune Central | 396 | 20 | 0.4 |
| Pune East | 3,062 | 19 | 2.5 |
| Pune South | 1,094 | 15 | 1.1 |
| Rest of Pune | 1,212 | 22 | 0.6 |
Square Yards’ insights suggest that both local and national developers are experiencing successful project launches in Pune. The city’s diverse offerings in the mid-to-high segment cater to a wide range of buyers, ensuring sustained growth. With the festive season approaching, residential activity is expected to accelerate in the latter half of the year.
Flat Sizes Surge 32% in Top 7 Cities Over 5 Years; NCR Leads with 96% Growth
Mumbai, 12 August 2024: Despite a significant jump in residential prices across the major cities, bigger homes continue to attract homebuyers. Latest ANAROCK research indicates that average flat sizes in the top 7 cities grew by 32% in the last five years – from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024.
In 2023, the average flat size across the top 7 cities was 1,420 sq. ft. – indicating a 7% jump in the last six months alone.
A deep-dive into data from the top 7 cities shows that NCR saw the highest growth – a staggering 96% – in average flat size in the last five years: from 1,250 sq. ft. in 2019 to 2,450 sq. ft. in H1 2024.
A person in a suit and tie
Description automatically generatedSanthosh Kumar, Vice Chairman – ANAROCK Group, says, “This significant jump in NCR’s average flat size is largely due to the increased new supply of luxury apartments in the last one year. Developers here are responding to the higher demand for spacious luxury homes with appropriate supply.”
This is significant, considering that affordable housing previously dominated NCR’s supply. In fact, affordable segment supply in NCR has been declining steadily in the last few years.
“As expected, MMR saw the least growth in the average flat sizes in this five-year period,” says Santhosh Kumar. “The average flat size in MMR rose from 784 sq. ft. in 2019 to 825 sq. ft. in the first half of 2024 – a mere 5%. In this five-year period, only 2020 saw a notable 21% annual rise in the region’s average flat size against 2019. Since 2020, the average size here was the highest in 2022 – at 840 sq. ft. It fell by 5% in 2023 against the preceding year.”
Among the top 7 cities, NCR overtook Hyderabad to record the highest average flat size of 2,450 sq. ft. in H1 2024. In Hyderabad, it was 2,010 sq. ft.
Average flat sizes in the other major southern cities – Chennai and Bengaluru – are 1,450 sq. ft. and 1,630 sq. ft. respectively in H1 2024.
Kolkata’s average flat size stands at 1,125 sq. ft. while in Pune, it is 1,103 sq. ft.
While 5-year trends indicate a significant jump in flat sizes across cities because of the pandemic-specific demand profile, the rise on a half-yearly basis highlights this continued consumer preference – despite life returning to normalcy and prices rising across cities.
Besides seeing the highest rise of 96% in average flat size in the last five years, NCR has also recorded the highest rise in the last six months. They rose by 30% – from 1,890 sq. ft. by 2023-end to 2,450 sq. ft. in H1 2024, essentially due to the increased new supply in the luxury segment in this period.
Of approx. 24,300 units launched in NCR in H1 2024 across different budget segments, luxury homes comprised the maximum share of 77% – approx.18,600 units.
City Highlights
An analysis of the five-yearly trend of average flat sizes in the top 7 cities shows a rise of over 32% – from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024. In the last six months alone, average flat sizes rose by 7% jump, with Hyderabad the only city to see flat sizes decrease in this half-year period.
- In NCR, the average flat size increased by 96% in the last five years – from 1,250 sq. ft. in 2019 to 2,450 sq. ft. in H1 2024. In the last six months, avg. sizes increased by 30% in the region. In 2023, the avg. flat size here was 1,890 sq.
- ft. In both periods, NCR saw the highest jump among the top 7 cities.
- In Hyderabad, the average flat size increased by 18% in this five-year period – from 1,700 sq. ft. in 2019 to 2,010 sq. ft. in H1 2024. Contrastingly, between 2023 and H1 2024, Hyderabad is the only city to see the average flat size decrease – by 13%.
- Bengaluru saw a 27% five-yearly jump in avg. flat size – from 1,280 sq. ft. in 2019 to 1,630 sq. ft. in H1 2024.
- Between 2023 and H1 2024, the city saw average flat sizes increase by 10%.
- In Kolkata, the avg. flat size increased by 13% in five years – to 1,125 sq. ft. in H1 2024 from 1,000 sq. ft. in 2019. In 2023, the avg. flat size here was 1,124 sq. ft.
- In Pune, the avg. flat size saw a 21% five-yearly increase – to 1,103 sq. ft. in H1 2024 from 910 sq. ft. in 2019. In the last six-months period, there has been a mere 1% jump in avg. flat sizes in the city.
- Chennai saw a 32% jump in avg. flat sizes in the last five years – from 1,100 sq. ft. in 2019 to 1,450 sq. ft. in H1 2024. In the six-months period, there has been a 15% jump.
- In MMR, avg. flat sizes continue to be the lowest among the top 7 cities – at 825 sq. ft. in H1 2024. However, there has been a 5% increase in H1 2024 against 2019, when it stood at 784 sq. ft. In the six-months period, the region saw avg. flat sizes see a 4% yearly increase.
2nd CREDAIbility-themed Property Show Inaugurated
Hyderabad, 10th August 2024: CREDAI, the Confederation of Real Estate Developers’ Associations of India, the country’s apex body of private real estate developers, after the mega success of the property show at Hitex to organize the 2nd CREDAIbility-themed property show at Shree Convention Centre in Kompally from 9th to 11th of August 2024. At the property show, the best projects featuring Apartment complexes, Villas, Plots, and Commercial Spaces in the areas of Balanagar, Kompally, Shamirpet, Medchal, Alwal, Patancheru, etc will be on display under one roof.
Mr. V. Rajashekar Reddy, President of CREDAI Hyderabad, said, “Hyderabad’s real estate industry is strong and expanding rapidly with an Annual growth (CAGR) of 29% in total value of unit sales from H1-CY19 to H1 CY24. The city has registered a 257% increase in value of units sold for H1-CY24 Vs. H1-CY19 and 148% growth in housing unit sales with 38.643 units sold in H1 – CY24 vs H1-CY 19. These numbers highlighted in Hyderabad Housing Report by CREDAI Hyderabad in association with CRE Matrix highlight the rapid momentum and positive sentiment on ‘Brand Hyderabad.’ Hyderabad is rapidly evolving into a global city, marked by ambitious infrastructure projects such as the construction of new radial roads under SRDP, expanded metro and MMTS network, plans for rapid transit corridors to enhance last-mile connectivity. The Musi Riverfront initiative aims to establish a vibrant recreational space, while advancements in digital technology will further propel the city’s modernization. The Government under the leadership of Hon’ble CM Shri A. Revanth Reddy, is acting fast and decisively to accelerate the growth and investment in the city while preserving the heritage and promoting sustainable development in the city.”
Mr. Reddy further added “The proactive government policies have ensured a 360o growth across the city, preventing congestion in one area while the other parts lag behind. North Hyderabad is known for its e-commerce warehouses, Medical Devices Park and ‘Genome Valley,’ – a hub for life sciences and medical research. To highlight this region, that has a vast array of real estate projects, we’re hosting a property show in North Hyderabad from August 9th to 11th, 2024, and anticipate a strong response.”
Adding to this Mr. N. Jaideep Reddy, President-elect of CREDAI Hyderabad, said, “A city’s real estate growth hinges on government policies that promote industrial and infrastructure development. Under the proactive leadership of Hon’ble Chief Minister Shri A. Revanth Reddy, sustainable growth is encouraged, and future bottlenecks are addressed. His efforts to acquire defence lands for elevated corridors will significantly boost the Northern part of the city and drive real estate growth. Hyderabad remains a global business hub, attracting MNCs and fostering a vibrant local entrepreneurship ecosystem. The CREDAIbility property show, from August 9th to 11th, will showcase how premium housing now incorporates smart home technologies and eco-friendly features, aligning with the modern buyer’s expectations in North Hyderabad.”
According to Mr. B. Jagannath Rao, Secretary of CREDAI Hyderabad, “To ensure 360o growth across the city, industrial corridors are spread across Core Urban Region (CUR) of Hyderabad. North corridor has benefitted from this. To elevate this region to the level of the west, the tallest IT Tower at Kandlakoya, capable of hosting 100 companies and employing 50,000 people, is being built. This region is also a hub for bio-medical R&D, with over 200 companies and 15,000 employees, including global giants like Novartis and GlaxoSmithKline. The Hyderabad-Nagpur Industrial Corridor (HNIC) will further accelerate growth, driving up demand for housing.”
“North Hyderabad has seen a 179% increase in units sold in H1 CY24 as compared to H1 CY19, with a 23% CAGR in the total value of sales. Properties priced between ₹1-2 Cr saw a 264% surge, while those under ₹1 Cr grew by 128%. Even the ₹2 Cr – 5 Cr segment saw a 157% increase in sales. The average unit value in H1 CY24 has risen by 35% from H1 CY19 to ₹1 Cr. These trends show a significant spike in demand and property values in North Hyderabad. With further price increases expected, now is the time for homebuyers to explore the #CREDAIbility property show at Sree Convention Centre, Kompally, from 9th to 11th August 2024, and secure their dream home before prices soar.”
Snapshot of Hyderabad Real Estate
Hyderabad Housing Report by CREDAI Hyderabad in association with CRE Matrix: July 2024:
- The Hyderabad Real Estate market has experienced a substantial Compounded Annual Growth Rate (CAGR) of 29% in total value of unit sales from H1-CY19 to H1-CY24
- Rs.58,841 Cr. is the Total Value of homes sold in Hyderabad for H1 – CY24 – Highest ever yearly sales value
- Rs. 1.5 Cr is avg. value of flat sold in the city for H1- CY24 which is up by 44% vs H1-CY19 whereas Rs. 1 Cr is avg. value of flat sold in North Hyderabad.
- Maximum sales in Hyderabad for properties in price segment of less than Rs. 7000/sq ft. However, customers prefer larger flats as compared to other metros
- Hyderabad Registered a 449% growth in segment of Rs. 5 – 10 Cr. Valued at Rs. 7,427 Cr. in H1 CY24
Kolte-Patil Developers Ltd – Q1 FY25 Financial Result
Commenting on the performance for Q1 FY25, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said,
“In a rapidly evolving real estate industry, we have been persistent in delighting customers with product offerings that enrich their lifestyle resulting in pre-sales of Rs. 711 crore and volumes of 0.96 million square feet for the quarter. Strong execution and timely deliveries resulted in our highest-ever quarterly collections of Rs. 612 crore, marking a 19% year-on-year growth. Sustaining the sales momentum, our flagship Life Republic project in Pune recorded sales volumes of 0.46 million square feet in Q1 FY25.
For the year till date we have launched projects with saleable area of close to 2 million square feet translating into top-line potential of about Rs. 1,500 crore across customer segments. I am glad to share that all the projects are receiving encouraging response from the market. The launches schedule is largely on track and we hope to be able to launch projects with top-line potential of Rs. 8,000 crore during the current financial year.
The underlying structural demand drivers remain strong, as customers continue to favour developers and projects that offer reliability, credibility, and a proven track record. The focus on housing, infrastructure development, and
urban planning is expected to provide sustained support to the housing sector. With a growing project development pipeline, under-borrowed Balance Sheet, a validated governance structure, and a strong brand connect associated with trust, we believe that Kolte-Patil is attractively placed to deliver sustainable growth across the coming years.”