Balu Forge Q3FY25 PAT Up 134.09% Revenue Jumps 73.91% YoY
Mumbai,10th February, 2025: Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its unaudited Consolidated Financial Results for the quarter ended 31st December 2024, in the meeting of its Board of Directors held on 7th February 2025.
Consolidated Financial Highlights for the Q3 FY25:
1. BFIL registered a robust revenue growth of 73.91% YoY and revenue from operations stood at INR 2,557.83 Mn in Q3FY25 compared to INR 1,470.75 Mn in Q3FY24 because of the constant focus on client addition and continued demand for the specialized engineering products.
2. EBITDA grew by 106.95% and margins expanded by 422 bps from 22.24% in Q3FY24 to 26.47% in Q3FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins.
3. PAT grew by 134.09% and PAT margins improved by 528 bps from 16.95% in Q3FY24 to 22.24% in Q3FY25.
Commenting on the performance of Q3FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated:
We are pleased to report strong performance for Q3FY25, with revenue growing 73.91% to INR 2,557.83 Mn in Q3FY25, from INR 1,470.75 Mn in Q3FY24, driven by a robust demand for our specialized engineering products. EBITDA increased by 106.95% to INR 677.00 Mn in Q3FY25 as compared to INR 327.14 Mn, with EBITDA margins expanding by 422 bps from 22.24% in Q3FY24 to 26.47% in Q3FY25, supported by operational efficiencies and a focus on high-margin value added niche products.’
PAT grew 134.09% from INR 252.07 Mn in Q3FY24 to INR 590.06 Mn in Q3FY25, with PAT margins improved by 528 bps from 16.95% in Q3FY24 to 22.24% in Q3FY25.
For 9M FY25, revenue grew 64.03% to INR 6,539.71 Mn, compared to INR 3,986.85 Mn in 9M FY24. EBITDA increased 107.85% to INR 1,761.26 Mn in 9MFY25 as compared to INR 847.36 Mn in Q3FY24, with EBITDA margins expanding by 568 bps from 21.25% in 9M FY24 to 26.93% in 9MFY25. PAT grew by 116.34% to INR 1,411.67 in 9MFY25 as compared to INR 652.53 Mn in 9MFY24, with PAT margins improved by 504 bps from 16.13% in 9MFY24 to 21.17% in 9MFY25.
These results highlight our resilient business model and strong market positioning, setting the stage for continued growth. Our success stems from strategies like portfolio expansion, client diversification, and delivering solutions across key sectors. As the Indian forging industry benefits from China+1 and Europe+1, Balu Forge is investing in innovation and partnerships for sustainable growth and global expansion.
In addition to our financial performance, this quarter saw significant advancements in strategic initiatives:
- Strategic Partnerships for High-Growth Industries
We have signed a Memorandum of Understanding (MoU) with Swan Energy Limited to create a Special Purpose Vehicle (SPV) focused on serving global industries, including defence, aerospace, railways, and nuclear. This strategic diversification positions us as a prominent player in high-growth, technology- driven sectors. - Capacity Expansion with Advanced Technology
The integration of 7-axis CNC machining technology strengthens Balu Forge’s capability to produce intricate, high-precision components. This expansion, financed through internal accruals, is poised to fuel growth in the aerospace, defence and oil & gas sectors. - Focus on Critical Components
Our targeted focus on high-value, critical components such as aerospace components, critical defence and railway components demonstrates a strategic alignment with global market demands.
We are pleased to inform the stakeholders of the company that the green field manufacturing campus commissioning is in full swing & will house a fully automated plant with modern technology, larger integration of Industry 4.0, installation of a solar farm for energy saving, plant commissioning as per the latest ISO standards, Implementation of 5S & TPM practices & Implementation of OSHA standards.
In conclusion, our focus on cost optimization, enhanced production efficiency, and a more agile supply chain has established a robust platform for sustainable growth. Leveraging our advanced engineering capabilities and ongoing innovation, we are strategically positioned to capitalize on emerging market opportunities and generate long-term value. Our steadfast commitment to operational excellence and customer satisfaction reinforces our competitive advantage in the industry.
Management Guidance:
We continue to maintain the guidance for FY25 as below:
- Revenue is expected to grow in the range of 55% – 60% in FY25 over FY24, led by new customer addition in sectors like railway and defence.
- EBITDA margins are expected to conservatively be in the corridor of 25% -27% for FY25 on the back of increasing scale of operations and efficiencies thereon. The same will be at a sustainable level of 30% – 32% for FY26 after commercialisation of the new plant.
Swiggy Red FM Honor Delivery Partners with Breakfast Ride
Delhi, February 10th, 2025: Every day, Swiggy’s delivery partners navigate the city’s streets, ensuring that meals reach customers on time. But for once, the road wasn’t about deliveries, it was about celebration. (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, in collaboration with Red FM’s Riders Music Festival, hosted a special Breakfast Ride earlier this week, giving its delivery partners a rare chance to experience the joy of riding without the pressures of work. The ride, flagged off by popular Red FM RJs, ended with a scrumptious feast.
The objective of this collaboration was to recognize the unsung heroes who make everyday meals possible – delivery partners. The Breakfast Ride offered the delivery partners a rare opportunity to experience the joy of the open road – without the pressure of delivery orders. Instead, the ride was all about music, camaraderie, and a well-earned feast at the finish line. This collaboration was more than just about biking and beats; it was a meaningful celebration of those who keep the nation fed.
Speaking about the partnership, Rohit Kapoor, CEO, Swiggy, shared, “For our delivery partners, the road is their workplace. This Breakfast Ride was about giving them a moment to enjoy it differently—no orders, no rush, just the thrill of riding and the camaraderie of the journey. It is a small but meaningful way to express our gratitude.”
Speaking about this collaboration, Ms. Nisha Narayanan, Director & COO of Red FM & Magic FM, said, “Riders Music Festival has always been about passion, adventure, and music. This time, we wanted to turn the spotlight on delivery partners who work tirelessly every day. The Breakfast Ride was our way of giving them a well-deserved break – a chance to enjoy the thrill of the open road, free from orders, just pure fun, music, and a feast at the end. It was a small yet meaningful way to say thank you.”
Swiggy consistently works towards empowering its delivery partners through a range of initiatives designed to ensure their safety, financial well-being, and career progression. The Breakfast Ride is just one such initiative. Through Project Next, Swiggy provides delivery partners with pathways to transition into new roles within the company, such as sales executives, allowing them to build long-term careers within the ecosystem. Similarly, Swiggy Skills, in partnership with the Ministry of Skill Development & Entrepreneurship (MSDE), equips delivery partners and restaurant staff with training and certification opportunities through the Skill India Digital Hub (SIDH).
Understanding the importance of financial literacy, Swiggy recently partnered with the National Stock Exchange (NSE) to introduce an education program tailored for delivery partners, with a special focus on female partners. Led by SEBI-certified trainers, the program covers essential topics like budgeting, investment, and debt management, ensuring delivery partners are equipped to make informed financial decisions.
Safety remains a top priority at Swiggy, as evidenced by its Delivering Safely initiative. Swiggy conducts regular road safety awareness workshops in collaboration with traffic police departments across various states. It also provides its partners with Bureau of Indian Standards (BIS)-approved protective helmets, smart gear for visibility in harsh weather, and accident insurance coverage, setting a benchmark for industry standards in gig worker support.
The Breakfast Ride at the Riders Music Festival was more than just a moment of celebration—it was a testament to Swiggy’s unwavering commitment to its delivery partners. As these riders continue to crisscross the city, Swiggy remains dedicated to ensuring their well-being, growth, and recognition, both on and off the road.
Sehwag UAE’s Batting Tracks Make ILT20 Finale Thrilling
Chandigarh, February 10th, 2025: On the eve of Qualifier 2, DP World ILT20 Season 3, streaming exclusively on Zee Network, has reached a crucial juncture. Batting legend and commentator Virender Sehwag vouched to witness thrilling contest between Sharjah Warriorz and Desert Vipers on Friday, at the iconic Sharjah Cricket Stadium. The winner of this match will take on Dubai Capitals in the final on Sunday, 9th February to be played at the Dubai International Stadium.
Emphasising on the wickets here in UAE that are tailor-made for scoring big runs, Sehwag said, “UAE stadiums have some of the best batting tracks. Though I didn’t have the opportunity to play a lot here, I did play a couple of games for India and during the Indian Premier League (IPL) and I absolutely enjoyed batting here in Dubai, Sharjah and Abu Dhabi.”
“Hopefully the next two games (Qualifier 2 and Final) will be a cracker. The match between Dubai Capitals and Desert Vipers went down to the last ball and I am sure the next two games will be thrilling contest too.”
Having been part of the DP World ILT20 as a commentator since its inception, Sehwag highlighted the growth of this league and factors that makes it one of the top cricket leagues in the world. “I think the DP World ILT20 is one of the best leagues. Like IPL is good for the development of Indian cricket, similarly, DP World ILT20 is good for UAE players and the Middle East. But the good part is that you can’t see nine international players playing in one team in any other league.”
He further added, “This is the third year for me in DP World ILT20 as a commentator. And I’m seeing that a lot of good international players are coming and playing this league, which is benefitting UAE’s youngsters. They’re getting good experience with international players. And this year, if you look at all the matches, they have been very close and very interesting and there were a lot of games that saw 200-plus runs being scored too.”
On being asked if there was any batter, he would love to have a partnership going here in the DP World ILT20, Sehwag named Australia’s David Warner who scored a blistering 93 unbeaten against Abu Dhabi Knight Riders to put the Dubai Capitals in the play-offs.
When asked if he would like to see Indian players in this league, he said, “I would love to see Indian players here. If any Indian player who has just retired from International cricket or IPL and if they want to play, like Dinesh Karthik is playing right now, it would be great, I would love to see Indian cricketers play here and if there was one player I would have particularly liked to watch here is the sixer-man Yuvraj Singh,” he signed off.
TCL Signs MoU with BSDT’s ICTRC for Cancer Research
Chandigarh, February 10th, 2025: Tata Chemicals Limited (TCL) a leading sustainable and science-led chemistry solutions company has signed a Memorandum of Understanding (MoU) with Bharatiya Sanskriti Darshan Trust (BSDT) – BSDT’s Integrated Cancer Treatment and Research Centre (ICTRC) in Pune. This collaboration aims to explore the beneficial effects of TCL’s prebiotic, soluble dietary fibers, and their derivatives on gut health and overall wellness. This initiative underscores Tata Chemicals’ and BSDT’s shared commitment to delivering science-backed nutrition solutions that enhance quality of life.
The MoU was signed in the presence of Tata Chemicals’ R&D team, led by Dr. Richard Lobo, and the BSDT team, led by Dr. Sushrut S. Sardeshmukh, Trustee, BSDT, and Dr. Vineeta V. Deshmukh, Deputy Director, ICTRC. This partnership will focus on integrating scientific research with Ayurvedic principles to develop advanced solutions for health and wellness.
Speaking on the occasion of signing the MoU, Dr. Richard Lobo – Head – Innovation, R&D, Business Excellence and Chief Ethics Counsellor at Tata Chemicals said “This is a momentous occasion for us as BSDT’s Integrated Cancer Treatment and Research centre’s mission and its values are closely aligned with that of Tata Chemicals. We are committed to working together in understanding and improving the functionality of our science-differentiated products in Ayurvedic formulations, for improving the quality of life & alleviating pain through Ayurvedic disciplines.”
Dr. Sushrut S. Sardeshmukh , Trustee at Bharatiya Sanskriti Darshan Trust added “We are very pleased to be working closely with Tata Chemicals. At BSDT, our mission has always been to integrate Ayurveda with modern science to enhance patient care and improve quality of life. This collaboration is a significant step towards advancing research in Ayurveda integrated in wellness products with science-backed innovations. By combining our expertise in holistic healing with Tata Chemicals’ commitment to Innovative products, we aim to further explore solutions that support holistic well-being.”
BSDT, through its expertise in Ayurveda, has been instrumental in improving the quality of life and alleviating cancer-related suffering for thousands of patients. By combining Tata Chemicals’ nature-driven innovations with BSDT’s traditional healing approach, this initiative aims to advance nutritional science, expand the scope of holistic wellness, and develop impactful solutions that bridge tradition and modern healthcare advancements.
AlphaGrep and IIIT Hyderabad Forge Partnership for Advanced Quantitative Research Lab
Hyderabad, 10 February 2025: AlphaGrep announced a strategic academic collaboration with IIIT Hyderabad’s Precog group of researchers who study, analyse, and build various aspects of AI (including social) systems.
Spanning several areas, including Applied Machine Learning, Responsible and Safe AI, Natural Language Processing, and Social Network Analysis, Precog develops solutions that contribute to society’s greater good.
As part of this collaboration, AlphaGrep has committed ₹3.5 crores to support groundbreaking research, skill-building, and real-world applications of AI/ML in quantitative finance. The initiative, spearheaded by Prof. Ponnurangam KumaraguruPK, Mr. Mohit Mutreja, and Mr. Hemang Mandalia, will facilitate faculty and student-driven research, foster technical advancements, and strengthen the bridge between academia and industry.
“We are excited to expand our academic partnerships and work with IIIT Hyderabad’s Precog to push the boundaries of machine learning research in quantitative finance,” said Mohit Mutreja, Managing Director, AlphaGrep.
“By providing students with access to adequate resources, mentorship, and real-world problem-solving opportunities, we aim to drive impactful innovation in AI and quantitative research.” This initiative marks AlphaGrep’s second major academic partnership, reinforcing its commitment to advancing Artificial Intelligence (AI) and Machine Learning (ML) research.
Commenting on the collaboration, Prof P J Narayanan, Director, IIITH said, “Quantitative finance is a highly data-intensive area. Given its strengths in AI and data analytics, IIIT Hyderabad can achieve much by partnering with a top company in that space like AlphaGrep. I am looking forward to the activities emanating from the collaboration.”
Laduree India Unveils a Romantic Parisian-Inspired Collection for Valentine’s Day
New Delhi, February 2025— Ladurée India is delighted to announce the launch of its exclusive Valentine’s Day collection, bringing the timeless charm of Parisian romance to India. This limited-edition collection celebrates love with elegance and indulgence, offering exquisite creations that are perfect for gifting or sharing with loved ones.
Amour Toujours – Love Always
Romance knows no bounds, and every moment is an opportunity to express affection. Ladurée honors the sweetness of feelings with creations crafted to be given or enjoyed together:
Heart-Shaped Box of 15 Macarons: A grand gesture of love, this selection is perfect for expressing heartfelt emotions.
Quilted Box of 8 Macarons: Adorned with delicate golden hearts, this box is reminiscent of Parisian elegance.
These exclusive offerings are available for a limited time across all Ladurée boutiques in India, including our locations in Delhi, Gurgaon, Mumbai, Pune, and Kolkata.
“We are thrilled to bring Ladurée’s Valentine’s Day collection to India,” said Chandni Nath Israni, Managing Director and Co-Founder of CK Israni Group. “Our collection is a tribute to love, indulgence, and the art of gifting, encapsulating the essence of Parisian romance.”
DreamFolks Services Limited Announces Strong Q3 & 9M FY25 Performance
Gurugram, Haryana (India), 10th February 2025 – Dreamfolks Services Limited (herein referred to as “DreamFolks”), India’s largest travel and lifestyle service aggregator, today announced the financial results for the third quarter and nine months ended 31st December 2024.
Ms. Liberatha Kallat, Chairperson and Managing Director, commented on the performance: “During the first nine months of FY25, the two main revenue drivers i.e. Air Traffic and Credit card growth, grew by 6.7% and 13.7% respectively. Dreamfolks revenue grew by 14.5%, beating industry growth, on account of addition of new clients. Our strategic focus of expanding our services beyond travel to lifestyle services will provide tailwinds to our topline growth in the coming years.
This quarter, we have added a significant number of enterprise clients, with organisations like MakeMyTrip, TBO, and 11 others joining our client base. Furthermore, we have also welcomed new banking clients, some of whom transitioned to us from competitors, demonstrating our excellent service quality and offerings.
The revenue contribution of “Services other than India Airport Lounge” increased to 6.9% in 9MFY25, as compared to 5.2% in 9MFY24. This growth of the other services is a testament to our strategic focus on expanding our service portfolio, to become a complete travel and lifestyle services aggregator.
During this period, bank clients continued to increase their minimum spending threshold on cards thereby maximising their return by spending money on right set of users, leading to a slight change in our volume mix and hence our Gross Margins. However, Gross Margin remain within the guidance of 11-13% for FY25. We are witnessing structural change by our bank clients as part of the Spend based program implementation, so as to offer the benefits to the right set of users.
The company’s strategic focus on diversification has led to notable expansion in services, client base, and geographic reach. In the realm of services, we introduced new services – Baggage Wrapping and Coffee at Malls during the quarter. Additionally, our domestic lounge presence has grown with the addition of 2 new airport lounges at Ayodhya Airport and Goa Dabolim Airport, bringing the total to 76 airport lounges.
Our global presence has increased notably, with the addition of 16 global lounges to our network. This was complemented by 18 new airport F&B outlets in the Middle East and our M&A service extending to more than 380 airport terminals worldwide.
Our strategic endeavours in diversifying services, expanding our clientele, and extending our global reach are stepping stones to a future where our brand is synonymous with excellence, innovation, and customer satisfaction. We are building a business that sets new benchmarks in the industry and focuses on sustained growth of the company.”
Key Financial Highlights of the Quarter (Consolidated):
| Particulars (Rs Million) | 9MFY25 | 9MFY24 | Growth
(YoY) |
Q3FY25 | Q3FY24 | FY24 |
| Revenue from Operations | 9,777 | 8,539 | 14.5 % | 3,401 | 3,051 | 11,350 |
| Gross Profit | 1,150 | 1,017 | 13.1 % | 383 | 383 | 1,368 |
| Adjusted EBITDA* | 771 | 761 | 1.4 % | 258 | 297 | 1,033 |
| Profit After Tax | 501 | 507 | (1.2) % | 169 | 200 | 686 |
Zaggle’s Q3 Profit jumps 30% YoY to Rs. 20 cr. operating revenue surges 69% YoY
February 10, 2025, Hyderabad – Zaggle Prepaid Ocean Services Limited, a SaaS fintech player which provides spend management products and solutions, has announced its unaudited Financial Results for the quarter & nine months ended December 31, 2024.
| (₹ Million, unless stated
otherwise) (standalone) |
Q3FY25 | Q3FY24 | YoY | Q2FY25 | QoQ | 9MFY25 | 9MFY24 | YoY |
| Revenue from operations | 3,364.4 | 1,995.1 | 68.6% | 3,025.6 | 11.2% | 8,912.0 | 5,022.3 | 77.4% |
| Adjusted EBITDA | 314.6 | 228.6 | 37.6% | 295.2 | 6.5% | 865.6 | 584.0 | 48.2% |
| Adjusted EBITDA Margin | 9.4% | 11.5% | 9.8% | 9.7% | 11.6% | |||
| ESOP Cost | 20.1 | 24.7 | 28.2 | 79.8 | 150.3 | |||
| Reported EBITDA | 294.4 | 203.8 | 44.4% | 267.1 | 10.3% | 785.8 | 433.7 | 81.2% |
| Reported EBITDA Margin | 8.8% | 10.2% | 8.8% | 8.8% | 8.6% | |||
| Profit After Tax | 202.4 | 152.2 | 32.9% | 185.6 | 9.0% | 555.2 | 248.6 | 123.3% |
| PAT Margin | 6.0% | 7.6% | 6.1% | 6.2% | 5.0% | |||
| Cash PAT | 262.1 | 195.0 | 34.4% | 238.2 | 10.0% | 720.2 | 461.1 | 56.2% |
Q3 & 9MFY25:
- The YoY growth in the topline is attributed to:
- A notable 54% rise in program fees resulting from an expanded portfolio of prepaid and credit cards along with rise in clients spending
- Strong 86% growth in the propel revenue platform, fueled by increased redemptions on account of festive season
- The rise in employee costs is primarily due to an expanded workforce aimed at supporting business growth
- The increase in incentives, cash-back expenses, and operational expenditures aligns with the overall expansion of the business
- The total ESOP expenses in FY25 are expected to be INR 95 Mn to 100 Mn
Commenting on the performance Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid Ocean Services Limited said,
“This has been a milestone quarter for us with our highest ever quarterly & nine monthly performance, in terms of Revenue, Adjusted EBITDA and PAT.
During Q3FY25, the company delivered a topline of INR 3,364 Mn, growing by 69% YoY basis, adjusted EBITDA of INR 315 Mn, increasing by 38% compared to Q3FY24. The Adjusted EBITDA margins stood at 9.4%. The PAT increased by 33% YoY to INR 202 Mn.
We successfully completed of our QIP of Rs. 5,950 Mn in line with our growth strategy of inorganic expansion.
With respect to strategic collaborations, we signed a 3-year partnership with the largest private bank in India, HDFC Bank, to provide the credit card solution. Additionally, we stitched a long-term referral partnership program with Mastercard, which will extend our reach in the market.
Banking on our comprehensive product portfolio, we expanded our customer base to 3,300+ and signed contracts with several major brands including Blinkit, CanFin homes, BigBasket, Mumbai Metro One, Mahindra First Choice Wheels, and Hitachi India.
For FY25, we are confident of achieving a 58-63% growth in our top line. We are also evaluating inorganic growth opportunities to expedite this growth and the discussions are at advanced stages.”
Kochi’s Commercial Real Estate Market Thrives with Increased Office and Retail Demand
Kochi, February 08th, 2025: CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, and CREDAI Kerala, today released a joint report titled, ‘Kerala’s Ascent: The Pulse of India’s Progress’, at the CREDAI Kerala Statecon 2025. The report comprehensively analyses Kerala’s dynamic real estate landscape, highlighting Kochi’s growing prominence as a promising destination. According to the report’s findings, Kochi boasts a vibrant commercial real estate market, with the office and retail sectors demonstrating a notable upward trend over the past few years. The city’s total office space stock grew by ~28% in the last three years and stood at 17 mn. sq. ft as of December 2024; the total retail space stock in Kochi grew at a CAGR of ~9% since 2020 and stood at 3.4 mn. sq. ft as of December 2024.
Kochi’s office sector
In CY 2024, technology firms led the city’s office leasing activity with a 44% share in the overall space take-up. In addition to technology firms, research, consulting, and analytics (RCA) firms accounted for ~25% of the leasing share in Kochi’s office market, followed by flex space operators at 12%, the aviation sector at 11%, banking, finance, and insurance (BFSI) companies at 4%, engineering,g and manufacturing (E&M) at 3%, and other sectors contributing 1%.
The report further indicates that domestic companies were the leading contributors to office space leasing in 2024, accounting for 57% of the overall leasing activity, followed by American-origin companies at 29%, EMEA firms at 11%, and APAC companies at 3%. Additionally, small-sized transactions (less than 50,000 sq. ft) dominated the office absorption, accounting for 78% of total space take-up in CY 2024.
The report highlighted key factors to Kochi’s office real estate growth story and highlighted the state government-led initiatives positioning the city as a cost-effective destination for Indian & global technology companies. Notwithstanding competition from other established centres in South India, Kochi is progressively solidifying its position as a future IT hub. Kochi Infopark Special Economic Zone (SEZ), Supportive government policies, transforming infrastructure, and a growing pool of skilled professionals underpin the city’s attractiveness to IT firms.
Kochi’s evolving retail landscape
Kochi’s retail landscape is supported by a growing consumer base with high disposable incomes, fuelling demand for premium products and lifestyle services. The city’s organised retail sector features several large-format malls offering a diverse selection of domestic and international brands.
As of December 2024, Kochi’s retail stock stood at 3.4 mn. sq. ft., reflecting a notable growth of ~42% since 2020. The retail leasing in the city in CY 2024 was primarily driven by the fashion and apparel segment, which accounted for a 55% share in total retail leasing. This was followed by homeware and department stores, contributing 27%, while hypermarkets constituted an 8% share. The luxury segment and health and personal care held a 3% and 2% share, respectively. This diverse retail composition highlights the evolving consumer preferences and the city’s expanding retail landscape.
Kochi’s Residential Growth Story
Total residential unit stock in Kochi stood at over 17,000 units by the end of 2024, driven by its status as a key port city and commercial hub. As a major port city and the commercial nucleus of Kerala, Kochi attracts a significant influx of professionals employed in the IT, shipping, and trade industries, thereby generating substantial demand for residential properties. Moreover, the city’s robust social infrastructure and comprehensive transportation network, comprising highways, a metro system, and an international airport, play a crucial role in maintaining the vitality of its residential real estate sector.
Pinarayi Vijayan, Chief Minister of Kerala, said “The Kerala government is ready to implement the changes in building regulations. We are committed in ensuring that development remains sustainable. It is essential to consider the carbon footprint, its impact on future generations, and ways to mitigate such effects. We expect the construction sector to contribute to the Nava Kerala Nirmanam (New Kerala Development). Instead of traditional expansion, we should explore vertical habitats, like vertical gardens, to accommodate the growing population.”
Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE, said, “Kochi’s commercial real estate and residential sector is witnessing sustained momentum, driven by the presence of technology firms. As we move forward, continued investments in office spaces and the expansion of Global Capability Centres (GCCs) will further strengthen Kochi’s position as a key commercial hub in South India.”
Ram Chandnani, Managing Director, Advisory & Transaction Services, CBRE India, said, “Kochi’s retail landscape is undergoing a significant transformation, fuelled by rising consumer demand and increasing urbanization. Looking ahead, strategic developments in connectivity, sustainability, and smart urban planning will be crucial in shaping Kochi’s next growth phase.”
Other emerging cities in Kerala
Thiruvananthapuram: A Prominent Urban Centre
Thiruvananthapuram, the capital of Kerala, is rapidly evolving into a significant urban centre, driven by a confluence of key factors. The city’s IT sector is expanding, spearheaded by Technopark, one of India’s largest IT parks, attracting a large pool of skilled professionals and fostering a vibrant tech ecosystem..
Thrissur: A Thriving Real Estate Market
Thrissur’s central location within Kerala presents various advantages — the city benefits from robust connectivity via road, rail, and air networks, providing convenient access to major urban centres such as Kochi, Thiruvananthapuram, and Kozhikode.
Kozhikode: A Vital Hub for Investment and Growth
Kozhikode’s strategic advantages, including its coastal location on the Malabar Coast, proximity to key cities such as Kochi and Bengaluru, and robust transportation network, position it as a growing investment destination.
PVR INOX Kicks Off Valentine’s Season with Loveyapa & Ravi Kumar’s Thrills at Special Pricing
National, February 7, 2025: PVR INOX, India’s largest and most premium cinema chain, is setting the stage for an electrifying Valentine’s season with the release of two highly anticipated films – the heartfelt romance Loveyapa and the action-packed spectacle Badass Ravi Kumar. As love and adrenaline take center stage, audiences can expect an exhilarating movie experience featuring fresh faces, iconic performances, and unforgettable storytelling.
Loveyapa, directed by Advait Chandan, marks the grand debut of Aamir Khan’s son, Junaid Khan, and the big-screen debut of Sridevi’s daughter, Khushi Kapoor. This refreshing rom-com takes a lighthearted yet thought-provoking look at modern relationships. The film delves into themes of love, trust, and the ever-evolving dynamics of romance in the digital age. Loveyapa has already sparked major industry buzz, positioning itself as a must-watch for Gen Z audiences seeking romance and relatability on the big screen.
Adding an electrifying contrast to the season’s love stories, Badass Ravi Kumar brings back Himesh Reshammiya in a never-seen-before avatar. A spin-off of The Xposé, the film blends high-energy music with action-packed spectacle as Ravi Kumar takes on ten formidable villains. Featuring Prabhu Deva, Kirti Kulhari, and Sunny Leone, it promises gravity-defying stunts, grand monologues, and a nostalgic nod to over-the-top entertainers of the 80s—now with a modern twist. With its trailer already taking social media by storm with viral story threats and millions of views, anticipation is sky-high for this nuanced larger-than-life cinematic experience.
Speaking on the upcoming releases, Mr. Gautam Dutta, CEO, Revenue and Operations, PVR INOX Ltd said, “Valentine’s season at PVR INOX is all about giving audiences an unforgettable time at the movies. With Loveyapa bringing fresh love stories and Badass Ravi Kumar delivering high-voltage action, we are thrilled to offer a lineup that blends heart and adrenaline. We invite movie lovers to come together, celebrate, and experience the magic of cinema on the big screen.”
Be it romance, thrill, or sheer entertainment. As a special treat, movie tickets for Loveyapa and Badass Ravi Kumar will be available at just ₹149 on February 7th, making it the perfect opportunity for audiences to experience these films on the big screen.