Hero Motors files DRHP for Rs 900 crore IPO

Chennai, Aug 27, 2024: South Asia Growth Invest backed Hero Motors, the flagship auto-components company of the Hero Motors Company (HMC) Group and one of India’s leading automotive technology companies, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 900 crore through an initial public offering (IPO).

The IPO is a mix of fresh issue of up to Rs 500 Cr and an offer for sale up to Rs 400 Cr by promoters. The OFS includes Rs 250 crore worth shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles.

The company, in consultation with the book-running lead managers, may consider a pre-IPO placement of Rs 100 crore prior to filing of the Red Herring Prospectus. If such placement is completed, the amount will be reduced from the fresh issue.

Proceeds from the fresh issue of shares will be used to the extent of Rs 202 crore for repayment or pre-payment, in full or in part, of certain of its outstanding borrowings availed by the Company, Rs 124 crore for funding capital expenditure towards purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility besides general corporate purposes.

Hero Motors is India’s leading automotive technology companies (Source: CRISIL Report) engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions provider to automotive OEMs in the United States, Europe, India, and the ASEAN region. The company’s product range includes both electric and non-electric powertrains for various vehicle categories including two-wheelers, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL.

Hero Motors operates in two segments – powertrain solutions, and alloys and metallics. It has six manufacturing facilities across India, the United Kingdom, and Thailand.

The Company has a diversified customer base including global brands such as BMW AG, Ducati Motor Holding SPA, Enviolo International Inc, Formula Motorsport, HUMMINGBIRDEV Inc, HWA AG, and leading global e-bike manufacturers.

Hero Motors is the only player manufacturing and exporting CVT hubs to global e-bike OEMs from India, and the only manufacturer of integrated electric powertrain products for e-bikes in India.

Hero Motors’ revenue from operations stood ₹1,064.4 crore in the fiscal 2024.

ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers to the issue.

DRHP LINK: https://www.bseindia.com/corporates/download/355016/1.%20DRHP%20Hero%20Motors%20Limited_23082024_20240823221948.pdf

Disclaimer: The information contained in this press release is provided by a third party and does not necessarily reflect the views or opinions of our organization. We do not endorse or guarantee its accuracy.

BOP sold over 180 commercial shops of GWSS worth Rs 150 crore in Greater Noida

Noida: BOP.in, in partnership with Gaurs Group, has proudly announced the overwhelming success of the “Kaun Banega Car-O-Pati” offer, unveiled as part of the Mega Property Carnival that ran from 26th July to 25th August 2024. This highly anticipated event, held at the Gaur World Smart Street in Greater Noida West, saw a remarkable turnout of property investors and homebuyers alike, with over 180 shops sold and ₹150 crore worth of property transacted during the carnival.

BOP.in, in partnership with Gaurs Group (1)

The carnival was an extravagant celebration, featuring a vibrant children’s play area, live music, dance performances, and various entertainment acts. This lively atmosphere allowed potential buyers and their families to enjoy the festivities while exploring lucrative investment opportunities in the Gaur World Smart Street project. The carnival and the Kaun Banega Car-O-Pati contest not only attracted investors but also proved to be a dream event for anyone seeking a second source of income through real estate.

BOP.in, in partnership with Gaurs Group (1)

Mr. Gaurav Mavi, Co-Founder of BOP.in, shared his thoughts on the success of the event, “We are thrilled with the incredible response to the Kaun Banega Car-O-Pati offer and the Mega Property Carnival. Selling over 180 shops and seeing such significant transactions proves the faith our customers have in the Gaur World Smart Street project. Our vision was to provide an opportunity for secure and profitable investments, and the enthusiasm shown by investors has surpassed our expectations. We thank everyone who participated, and we look forward to continuing to deliver value-driven projects that empower our clients to expand their financial horizons.”

The Kaun Banega Car-O-Pati offer, with a car on every booking, provided a range of exciting incentives, including a flat discount of ₹1,000 per square foot on all bookings, zero GST, no stamp duty i.e. 5% cost of stamp covered by the developer, and an exclusive Amazon gift voucher. These offers, coupled with the 9-year guaranteed income plan, provided a unique and rewarding investment opportunity for buyers.

3 businesses helping Indians get US Green Cards through real estate investments

27th August 2024: Every year, about 10,000 EB-5 visas are granted by the United States Citizenship and Immigration Services — A much sought-after route to obtaining permanent residency in the United States. Created to promote economic growth and job creation in the US, the EB-5 visa program provides a unique opportunity for foreign investors to obtain a green card by investing in new commercial enterprises or regional centers that generate employment opportunities. However, the lack of awareness of the US real estate market, and the distance between the two countries often make Indian investors apprehensive about making investments. Adding to the challenges is the fact that the process of obtaining a visa is a long-winded, complicated process, which further impedes investors from going this route. However, several businesses have taken the initiative to bridge this gap and make it possible for investors in India to obtain the EB-5 visa without much hassle.

Ashton Gray Investments

Ashton Gray Investments was born in 2011, from its Founder and CEO, Sumi Rengaraj’s personal quest for lucrative investments. Sumi was inspired to educate and empower more Indians to diversify their portfolio by investing in foreign real estate markets. Ashton Gray Investments’ EB5 Visa program represents a strategic gateway for Indian investors seeking to capitalize on residential real estate opportunities in the US, while securing a path to permanent residency. Since the EB5 Visa program requires investment in job-creating projects, the company leverages the opportunity to offer real estate ventures that align with EB5 criteria, ensuring investors meet both financial and immigration objectives.

The company has been successful in bringing to life projects with promising returns and job creation potential, meeting the EB5 program’s stringent requirements. With the company’s help, investors benefit from direct involvement in projects ranging from luxury developments to affordable housing initiatives, diversifying their portfolios while securing their permanent residence.

Peachtree Group

The Peachtree Group manages billions in capital across acquisitions, development, and lending, helping foreign investors secure permanent residency in the US through the EB-5 Immigrant Investor Visa program. From major cities like California to rural areas in the US, Peachtree Group is currently helping prospective green card holders invest in residential and commercial real estate projects. The company also works with renowned hotels such as Marriott and Hilton, and makes investments in constructing industrial parks, helping investors meet the stringent EB-5 Visa norms.

CanAm Enterprises

With decades of market experience and time-tested investment processes, CanAm is enabling foreign investors to identify quality projects that meet the USCIS requirements for the EB-5 Visa. The company simplifies the process, offering immigration insights, comprehensive documentation, consulate interview preparation and investment status reporting, helping investors every step of the way in obtaining permanent residency in the US. With hundreds of successful projects completed in Philadelphia, Florida, New York, Hawaii, California, Pennsylvania, Texas and Washington State, CanAm has helped numerous investors meet the investment and employment requirements under the EB-5 visa program.

MOU to enhance the education landscape in peri-urban and rural areas across the state 1 news

United Way Bengaluru Joins Hands with Karnataka Government to Transform Government Schools Under the SAMATVA Initiative

Bengaluru, August 26, 2024:  United Way Bengaluru (UWBe) as a part of the Department of School Education and Literacy (DoSE&L), the Government of Karnataka’s Samatva initiative signed a Memorandum of Understanding (MoU) with the department. This partnership aims to enhance the education landscape in peri-urban and rural areas across the state, with a particular focus on strengthening government schools.

Under the initiative called Samatva, the Department of School Education and Literacy (DoSE&L), the Government of Karnataka, envisions strengthening and transforming government schools into model institutions. These Karnataka Model Schools have been conceptualized to provide quality education to students from Lower KG (LKG) to Pre-University College (PUC) levels, all within a single campus. With upgraded infrastructure, facilities, and learning initiatives, the goal is to improve the learning and well-being of students. To achieve this, the DoSE&L has invited NGO and CSR partners for strategic collaboration.

Rajesh Krishnan, CEO of United Way Bengaluru, stated, “The partnership with the government represents a path-breaking initiative aimed at transforming the educational landscape for students from kindergarten to pre-university college. Together, with our CSR partners and government stakeholders, we are dedicated to creating a nurturing learning environment, ensuring access to quality education and essential resources, particularly for the growth and development of children from marginalized communities.”

Since 2008, UWBe has been actively working with government and government-aided schools. With the support of CSR partners, it recently strengthened the Karnataka Public School in Nandagudi, Hoskote, Bengaluru. This school serves approximately 1,200 children, primarily from families of migrant and wage labourers. Key enhancements under this initiative included the construction of new classrooms and renovation of existing infrastructure, upgrading of toilet facilities, setting up STEM labs and science laboratories, and the installation of solar panels to promote sustainability and energy efficiency. Additionally, teachers have received training in STEM education, enabling them to integrate innovative teaching methods into their classrooms.

The modern laboratories have attracted more students to enrol in science disciplines, significantly benefiting 250 PUC students at KPS Nandagudi. Previously, these students faced challenges due to inadequate lab facilities, often having to travel over 20 kilometres to take practical exams at another centre.

United Way Bengaluru will continue to expand its efforts under the Samatva initiative. This will include setting up STEM, digital classrooms, and English Labs in more than 100 schools and strengthening school infrastructure, including integrating WASH elements based on identified needs. UWBe will also focus on teachers’ skills development and training them on reproductive health and gender sensitivity.

UWBe is an NGO focused on social issues that seek immediate and long-term attention. United Way Bengaluru marked a significant milestone this year as it completed its 15-year journey. As a part of the global network, United Way Worldwide, the largest network of non-profit organizations with 1,100 chapters in 37 countries, United Way Bengaluru carries a global image with a ‘local heart’ committed to creating meaningful change in the lives of the local communities. True to the organization’s mission “To improve lives by mobilizing the caring power of communities around the world”, UWBe catalyzes unified efforts from corporates, civic bodies, and citizen associations to bring about visible and sustainable change in the lives of the communities. The organization works in four key areas – environment, education, healthcare, and rural development.

Amit Kumar Appointed as Cluster General Manager of Renaissance Ahmedabad Hotel & Fairfield by Marriott Ahmedabad

Ahmedabad, 25th August 2024 – Renaissance Ahmedabad Hotel and Fairfield by Marriott Ahmedabad are pleased to announce the appointment of Amit Kumar as the Cluster General Manager to lead both hotels in the Heritage City. With over 20 years of diverse experience in the hospitality industry across India and the United Kingdom, Amit brings extensive knowledge and expertise to his new role, where he will oversee the operations of both Renaissance Ahmedabad Hotel and Fairfield by Marriott Ahmedabad. His dynamic approach to leadership and passion for delivering exceptional guest experiences will undoubtedly contribute to the continued success of the two brands.

Amit Kumar

Amit began his illustrious career with Hyatt Hotels International, where he honed his pre-opening skills in hotel management. He later joined Marriott International as a part of the pre-opening team at JW Marriott Mumbai Juhu. Throughout his career, Amit has demonstrated a strong ability to lead teams, drive revenue growth, and enhance guest satisfaction. One of his significant achievements include his role as the General Manager at Courtyard by Marriott Raipur. In 2016, during the hotel’s first year of operations, Amit successfully launched and established the city’s first Marriott hotel as the primary choice for business, leisure, and social travel solutions in the region. His leadership in this role set a strong foundation for the hotel’s future success.

His most recent position as General Manager at Courtyard by Marriott Pune Chakan was marked by exceptional accomplishments, including significant improvements in market share, revenue, guest engagement, and profit margins. With his able guidance, the hotel received several prestigious awards, such as the Marriott Select Brands Diamond Circle Award in 2023 and 2022, the Marriott Select Brands Platinum Circle Award in 2019, the Hotel of the Year Award in 2019, and the JW Marriott Jr. Diversity and Inclusion Award of Excellence in 2019.

Amit’s passion for travel, reading, and exploring new cuisines aligns with the vibrant and diverse offerings at Renaissance and Fairfield by Marriott. This appointment heralds a new chapter with confidence that his leadership will elevate the guest experience and further solidify both properties as leading hotels in Ahmedabad.

Housing prices in top eight Indian cities saw a steady 3% QoQ growth: CREDAI – Colliers – Liases Foras

Gurugram, India, 26th August 2024: Positive homebuyer sentiment and steady demand have kept the momentum strong in residential market across major Indian cities. Average housing prices across the top eight Indian cities witnessed a 3% QoQ growth in Q2 2024. Interestingly, quarterly price movements at India level have been almost similar at about 3% for the last four quarters. This stability in price growth is reflective of steady underlying demand over the last few quarters. On an annual basis too, average housing prices at the end of Q2 2024 have showed a 12% growth across the eight major cities. Interestingly, 7 out of 8 cities under review witnessed annual price appreciation, with Delhi NCR witnessing the highest price rise at 30% YoY closely followed by Bengaluru.

While unsold inventory remained stable on an annual basis at a pan India level, it dropped marginally on a quarterly basis amid healthy sales in housing units. At 5%, Kolkata saw the highest sequential decline in unsold inventory levels followed by Pune with 3% dip. As of Q2 2024, there was an availability of over 10 lakh housing units across the primary market of eight major cities, with MMR alone having about 40% share in unsold inventory levels. Despite yearly increase in number of unsold units in Hyderabad and Bengaluru, both cities saw a modest dip on a sequential basis. As the festive season approaches, developers are likely to closely monitor new launches and overall housing stock in prominent residential catchment areas.

Mr. Boman Irani, President of CREDAI National stated, “Indian Real Estate has been somewhat experiencing a bull run in the past few quarters, substantiated by the volume of transactions across Top 8 cities as well as the prevalent positive sentiments towards housing. There has been a direct impact on housing prices – signifying not just the underlying demand but the definitive shift towards real estate as a preferred asset class. With the upcoming festive season – coupled with the Government’s focus on infrastructure and a relatively stable lending eco-system – we project this momentum to be further have an impact on both prices and unsold inventory levels, as the industry’s demand-supply dynamics change.”

“Housing demand has continued to remain healthy over the past few quarters. Concurrently, stable interest rates and recent positive budgetary announcements, have provided tailwinds for the housing market of the country. Notably, average housing prices have witnessed a consistent double-digit annual growth rate (12% in Q2 2024,) adding buoyancy to the sustained growth story in residential real estate. Additionally, the upcoming festive season will further invigorate the housing market with heightened sales and new launches. We thus envisage a strong finish for the housing market in 2024.”, addedBadal Yagnik, Chief Executive Officer, Colliers, India

 

Pan India residential price trends (Q2 2024) (in INR/sq ft) –

City Average Price Q2 2023 Average Price Q1 2024 Average Price Q2 2024 QoQ Price change (Q2 2024 vs Q1 2024) YoY Price change (Q2 2024 vs Q2 2023)
Ahmedabad 6,507 7,176 7,335 2% 13%
Bengaluru 8,688 10,377 11,161 8% 28%
Chennai 7,653 7,710 7,690 0% 0%
Delhi NCR* 8,652 9,757 11,279 16% 30%
Hyderabad 10,530 11,323 11,290 0% 7%
Kolkata 7,315 7,727 7,745 0% 6%
MMR* 19,111 20,361 20,275 0% 6%
Pune 8,540 9,448 9,656 2% 13%

Source: Liases Foras, Colliers

All the prices are based on carpet area

*NCR- National Capital Region

**MMR- Mumbai Metropolitan Region

 “Sales across India’s cities have maintained growth despite the price rise. The current quarter also showed a remarkable 33% increase in new launches in the affordable segment. NCR’s growth in sales and new launches augurs that the market will stay on a growth trajectory.”, said Pankaj Kapoor, Managing Director, Liases Foras.

 Leading the top eight cities, Delhi NCR saw a 16% QoQ rise in housing prices

At 16%, average housing prices in Delhi NCR witnessed the highest quarterly price appreciation. Within Delhi NCR, Dwarka Expressway and Greater Noida witnessed impressive price appreciation at 35% and 24% QoQ in average housing prices respectively. This is the highest quarterly price rise for these micro markets in last few quarters and is led by the recent pick up in luxury segment launches. Furthermore, preference for spacious housing units in luxury & ultra-luxury segments led up-to 12% QoQ growth in average price of 3-4BHK configurations in Delhi NCR.

Bengaluru too witnessed significant price appreciation, with average housing prices in the city breaching the INR 11,000 mark in Q2 2024. Average residential prices in the city increased by 8% on a quarterly basis. Within Bengaluru, Inner East micro market saw the highest quarterly rise at 25% followed by Periphery & Outer East micro market at 10%. Additionally, led by heightened demand in luxury segment, Inner East and Periphery & Outer West micro markets, have witnessed significant surge in average housing prices for ready units.

Unsold inventory declined on a quarterly basis in 7 out of the 8 cities

Excluding MMR, unsold inventory levels have declined by up to 5% on a quarterly basis across all cities under review. While MMR witnessed healthy sales in residential units during Q2 2024, a significant surge in new launches led to a marginal rise in unsold units. On an annual basis with a 13% YoY drop, Pune particularly witnessed the highest annual decline in unsold units. Annual declines in unsold inventory levels have been significant in Ahmedabad, Chennai and Kolkata too with 6-8% drop.

“Within the residential market, demand growth has been the strongest in luxury & ultra-luxury segments including second & vacation homes which is evident with price growth in select micro-markets of Delhi NCR and Bengaluru. Average housing prices for spacious dwelling units, particularly 3-4BHK configurations in these cities have increased up-to 30% on an annual basis. Additionally, the government’s recent partial rollback pertaining to long term capital gains arising out of sale of land and buildings retrospectively is expected to boost investors and homeowners’ sentiment and thus, the real estate sector at large,” said Vimal Nadar, Senior Director and Head of Research, Colliers India. 

Social Beat Wins Mandate to Drive Business Outcomes for Cialfo

Chennai, 26, August 2024: Cialfo, a leading global edtech company, has assigned its digital mandate to Social Beat, a premier digital marketing agency known for its innovative strategies and driving business outcomes. Social Beat will focus on increasing lead inflow through LinkedIn campaigns and improving organic ranking via comprehensive SEO strategies. Additionally, the agency will explore platforms like Meta and Google to boost brand awareness, targeting metrics such as cost per quality lead, keyword rankings, website visits, and keyword search volume.

Suniel Chawla, Co-Founder, Social Beat(1)

 

 

Mr. Suneil Chawla, Co-Founder of Social Beat, said, “We are thrilled to partner with Cialfo, a pioneer in the edtech space. Our goal is to drive meaningful business outcomes by leveraging our expertise in digital marketing to enhance their lead generation and organic presence. We look forward to a successful and impactful collaboration.”

Pooja Gupta, Sr VP, Strategic Operations, Ciaflo

 

 

 

 

Pooja Gupta Pasari, Sr. VP of Strategic Operations at Cialfo, stated, “Our partnership with Social Beat marks an important step in our growth journey. Their deep understanding of digital marketing and commitment to excellence aligns perfectly with our vision. We are excited to work together to achieve our objectives and expand our reach.”

Signature Global Elevates Festivity with Special Janmashtami Offer

Gurugram, August 26th, 2024: Signature Global, India’s leading real estate brand announced an exclusive Janmashtami offer on its premium independent floor project ‘Signature Global City 63A’ located at the prominent Golf Course Extension Road, Sector 63A, Gurugram. This offer presents a unique opportunity for homebuyers to secure their dream home with significant savings and special benefits.

Under this limited-time offer, customers can book a unit with a nominal amount of just ₹1 lakh and avail of benefits worth ₹5 lakh. In addition, every booking will come with assured gold coins worth ₹2.5 lakh, adding a divine touch to this festive season. This exclusive offer is available only until August 30, 2024.

Mr. Devender Aggarwal, Co-founder & Joint Managing Director, Signature Global (India) Ltd. says” At Signature Global, our primary focus is on enriching the lives of our customers by providing value-driven offerings that go beyond just real estate. This Janmashtami, we are delighted to present an offer that not only makes luxury living more accessible but also adds significant financial benefits for our buyers. Our premium independent floors at Golf Course Extension, Gurugram, are designed to offer the perfect blend of modern amenities and serene living. We understand that purchasing a home is a significant decision, and with this special offer, we aim to make it a rewarding experience for our customers. We encourage homebuyers to seize this limited-time opportunity to secure their dream home in one of Gurugram’s most prestigious locations and enjoy the festive season with added joy and benefits.”

The premium independent floors at ‘Signature Global City 63A’ located at Golf Course Extension Road, Sector 63A, are designed to provide luxury living with modern amenities, ensuring a high standard of comfort and style. This prime location offers excellent connectivity and proximity to essential services, making it an ideal choice for discerning homebuyers.

Technical Briefing for Elite Runners of NMDC Hyderabad Marathon Powered by IDFC First Bank held

Police to make elaborate arrangements to ensure the smooth conduct of the event

Hyderabad, August 23, 2024: A Technical Briefing was done to Elite runners both International and Indian runners who will be participating in the 13th Edition of NMDC Hyderabad Marathon Powered by IDFC First Bank at Hotel Park Hyatt on Friday evening.

Norrie WilliamsonHanif Iqbal_ Ulf Anders Saletti_ Hari Prasad_Rajesh Vetcha_Avinash Palavancha and elite runners seen at the technical briefing-pic 01

The briefing was done by Mr Norrie Williamson, World Athletics Technical Delegate; Mr Hanif Iqbal, Indian Athletics Technical Delegate; Mr Ulf Anders Saletti, World Athletics Certified Delegate, Mr. Hari Prasad, ACP, Punjagutta; Mr Rajesh Vetcha, Race Director, Mr Avinash Palavancha, Assistant Race Director of NMDC Hyderabad Marathon 2024

A total of 52 elite runners are participating in the Marathon.

They were briefed about World Athletics rules, doping control, route details, aid station facilities, competition bibs, shoes, competition rules and other race-relevant details

Competition shoes must be in accordance with the Worth Athletics rule 5. Spot checks could be made and wearing unauthorized shoes will result in disqualification, they were told.

Doping tests will be conducted among the top finishers in the male and female divisions. The athletes will be chosen at random by the World Athletics Technical delegates, it was informed.

The Marathon will have 9 elite-specific aid stations. Apart from these 9 stations, there will be 12 water and sports drink-only aid stations. It is forbidden to receive drinks on any other part of the course, the elites were told.

16 Ambulances and Bike ambulances will be put into service.

Mr Hari Prasad, ACP Punjagutta, representing the Police Commissioner and additional commissioner of Hyderabad Traffic said elaborate arrangements will be made to ensure that the event goes smoothly with the least inconvenience to commuters.

The event is being organised for the public good. The event’s mission is to promote active lifestyles amongst the public and make running the preferred form of fitness activity. Hence, the police extend their fullest cooperation. He urged people to come out in large numbers, cheer and encourage participants. He said the Police will also issue a public advisory on the traffic restrictions.

NMDC Hyderabad Marathon powered by IDFC First Bank is a certified “World Athletic Label race” for 2024 and is organized in accordance with the World Athletics competition rules and technical rules informed Rajesh Vetcha, Race Director.

The main event is on 25th August 2024. Full Marathon will be flagged off at 4:30 a.m., Half Marathon and 5:30 a.m. (from People Plaza, Necklace Road) and 10K Run at 7.00 a.m. from Hitex, Madhapur.

Landmark Collaboration between Royale Estate Group & Mohali Industries Association (MIA) on Mohali Industrial Economic Zone (MIEZ)

Royale Estate Group and Mohali Industries Association enter into a landmark affiliation as a new initiative to welcome industry on board. This amazing development is bound to give a big boost toward making MIEZ the best and the biggest Industrial Township in the region.

On this special occasion, Royale Estate Group announced an exclusive offer on industrial plots at the Mohali Industrial Economic Zone (MIEZ) for members of the Mohali Industries Association (MIA), during an interactive session held at The Mohali Club on August 21, 2024. The event witnessed the esteemed presence of key stakeholders, industry leaders, and approximately 300 industrialist members of the MIA.

Royale Estate Group & Mohali Industries Association

The event highlighted the benefits of the new offer which includes a comprehensive support system for every industrialist and plot owner, ensuring a hassle-free experience. From layout approvals to construction processes, the offer provides assistance at every step, along with access to government subsidies through a Single Window Support system. This initiative underscores Royale Estate Group’s commitment to fostering industrial growth in Mohali by providing top-tier industrial infrastructure at competitive rates.

MIEZ is a unique industrial initiative by Royale Estate Group which will prove to be a game-changer in terms of industrial revolution in the Tri-city and across the states of Punjab, Haryana, Himachal and J & K. Spread over 150 acres with a vision to eventually take it to 500 acres over the next 3 years, MIEZ’s proximity to an International Airport, biggest Railway Junction of the region and close to the Dry Port of Shambhu barrier, augmented by great advantage of connectivity to all the 4 states, makes it the best Industrial Township ever in Tri-City. With unparalleled facilities and amenities like Convention Centre, centralized Reception lobby, Meeting Rooms, Conference Hall, Food Court, Fully Equipped Laboratory, Skill Development Centre, Housing for Migrant Labours, a Labour Contract centre, Staff Canteens and so on, this industrial township is surely going to an industrial destination to reckon with.

Mohali Industries Association (MIA) has immensely contributed towards growth & development of the industrial township through valuable affiliations and collaborations. MIEZ enjoys all benefits given by the Govt of Punjab under the “Invest Punjab” initiative and by the Govt of India under the MSME “Make in India” initiative.

Sh. Neeraj Kansal, Managing Director, Royale Estate Group, expressed and shared his vision for MIEZ, “We are excited to launch this exclusive offer for our esteemed MIA members. Mohali Industries Association has played a very significant role in bringing MIEZ to its current shape and status. Our goal is to create an environment at MIEZ where industries can grow and prosper, backed by our unwavering commitment to quality and service. Through this offer, we aim to initiate a significant step towards enhancing industrial growth in Mohali. It allows our members to invest in prime industrial plots with added benefits, reinforcing our vision of a strong industrial hub in the region.”

Mr. Ashish Mittal, Director, MIEZ, said, “At MIEZ, more than 60 reputed industries are already on board and are in the process of setting up their respective industries ranging from pharmaceuticals, packaging, food processing, agro and agriculture, engineering, tractors and autoparts, metal and bath fittings, machines, furniture, marbles and granites and so on. A few names from these industries are Comments Industry, Zenus Metal Manufacturers, Gopal Sweets, VK Engineering Works, Making Ways Auto Industries, Boparai Auto Industry, Woodcraft, Ethnic Biotech, Forgo Pharmaceutical Pvt Ltd, Swastik Lifesciences Pharmaceuticals, Raj Steel Furniture, Woodcraft and many more.”

Further, Col. Inderjeet Suri, President, Royale Estate Group, gave a detailed presentation on MIEZ and enlightened the attendees about the journey of Royale Estate Group. He highlighted how, in the new industrial revolution of Tri-City, the group had developed the MIEZ Industrial township through its innovative approach and vision. “The group envisions providing employment to around 50,000 skilled and unskilled people across the region at MIEZ, besides boosting the economy of the state of Punjab”, he added.

The interactive session also served as a platform for attendees to engage with industry experts, discuss the future of Mohali’s industrial landscape, and explore the potential of MIEZ as a prime investment destination. The event concluded with a networking dinner, providing an opportunity for participants to share vision and discuss future prospects of MIEZ and the advantages of the new offer.