Affordable Entry Points and High Returns Drive Growth in Tier 2 Cities Over Metros: Magicbricks
New Delhi, April 30, 2025: Magicbricks, India’s leading real estate platform, has released fresh insights highlighting a robust surge in real estate activity across North India’s Tier 2 cities—Kanpur, Lucknow, Jaipur, and Dehradun—driven by infrastructure development, employment opportunities, evolving buyer preferences, and increasing appetite for premium housing.
According to the platform, Kanpur recorded the highest YoY increase in property prices in North India at 24.53%, with the average rate reaching INR 6,986 per square foot (psf). The growth has been primarily driven by increased interest in the premium housing segment. The city also saw a 29.13% YoY rise in housing demand, attributed to rapid industrialization and improved connectivity. Professionals from textiles, manufacturing, and the education sector are increasingly investing in the city’s housing market. In terms of supply, Kanpur recorded a 4.73% YoY increase, including a 47% jump in the availability of multistorey apartments.
Lucknow continues to emerge as a high–growth city with a 22.61% YoY increase in property prices. Infrastructure upgrades such as the Lucknow Metro expansion, and enhanced inter-city connectivity via Agra-Lucknow and Purvanchal Expressways, have catalyzed a 20.69% YoY rise in housing demand. The city also led in new supply, witnessing a 12.73% YoY growth, with multistorey apartment listings surging 65% and residential houses 27%.
According to the portal, Jaipur posted an 18.61% YoY increase in property prices, largely due to a 56% rise in the supply of 3BHK units, catering to a growing base of mid-to-premium homebuyers. The city recorded a 78% YoY increase in multistorey apartment listings, contributing to an overall 11.77% increase in residential supply. Jaipur also stands out as the most budget-friendly market for 1 and 2 BHK units, offering affordability in a rapidly growing urban environment.
Dehradun, known for its lifestyle appeal and natural surroundings, observed a 4.90% YoY price appreciation, with multistorey apartments priced highest at INR 6,500 psf among all unit types. While the city experienced a 4.87% dip in overall residential supply, multistorey apartment listings grew 49% YoY, indicating shifting buyer interest. Dehradun also leads in supplying larger homes, with 26% of new supply in the 2,000–3,000 sq ft segment—more than any of the other cities.
Across these Tier 2 cities, the platform has observed that multistorey apartments are gaining traction, with average prices ranging from INR 5,600 to INR 6,700 psf. Over 50% of homebuyers prefer units larger than 1,250 sq ft, and units between 1,250–2,000 sq ft saw the highest demand. Lucknow and Jaipur lead in supplying spacious units in this range, while Dehradun has the highest share of even larger homes.
Elaborating on the same, Prasun Kumar, Chief Marketing Officer, Magicbricks said,
“North India’s real estate landscape is evolving rapidly. These Tier 2 cities are no longer secondary markets—they’re becoming prime investment destinations. With expanding infrastructure, increasing supply of modern housing, and rising demand from young professionals and first-time buyers, these cities are poised to play a major role in India’s real estate growth over the next decade.”
As infrastructure continues to improve and demand remains high, these Tier 2 cities are expected to drive a significant portion of India’s residential real estate activity, offering both end-users and investors lucrative opportunities.
Kamya Panjabi on Akshay Tritiya: New Beginnings Aren’t Date-Bound
Kamya shares a powerful message on embracing new beginnings with courage and a clear heart, “Akshay Tritiya is often considered one of the most auspicious days to begin something new whether it’s buying something special, taking a big leap, or making a life decision. While I personally don’t limit new beginnings to a particular date or muhurat, I deeply respect those who find strength and positivity in such traditions. I believe that every day is a good day if your intentions are pure and your heart is ready. What’s truly important is to not postpone your dreams out of fear or hesitation. Taking the first step no matter how small holds immense power. A fresh start doesn’t need a perfect day; it needs your courage and belief in yourself.”
The Ishq Jabariya actress further adds, “I believe in taking bold steps. Whenever the heart feels like doing something new whether it’s chasing a passion, starting a new project, or buying something meaningful we should just go for it. Life moves fast, and waiting for the “right moment” often becomes an excuse. What matters more is the intent and the action, not the date on the calendar. So to everyone who celebrates, may this Akshay Tritiya bring courage, abundance, and fresh beginnings. And to those who don’t follow the tradition still take this moment as a gentle nudge to start something you’ve been holding back. After all, the best time to begin is always now.”
Embassy REIT Grows Distributions by 8% in FY2025 and Projects Double-Digit Distribution Growth in FY2026
Chandigarh, India, April 30, 2025: Embassy Office Parks REIT , India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2025.
Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said,
“We’re delighted to report another excellent year for Embassy REIT as we mark six years since our listing in April 2019. In FY2025, we leased 6.6 msf, delivered 2.5 msf of new development and acquired a 5.0 msf high-quality asset. Notably, we increased distributions by 8% and are pleased to guide to double–digit distribution growth in FY2026. Our business is in excellent shape and our world-class office portfolio continues to see strong demand from leading companies across the globe.”
The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of ₹538 crores or ₹5.68 per unit for Q4 FY2025. With this, the cumulative distribution for FY2025 totals ₹2,181 crores or ₹23.01 per unit. The record date for the Q4 FY2025 distribution is May 3, 2025, and the distribution will be paid on or before May 9, 2025.
Business Highlights
· Leased 6.6 msf across 98 deals in FY2025 including 4.0 msf of new leases, 1.6 msf of renewals and ~1 msf of pre-leases
· Global Capability Centers (GCCs) across sectors accounted for ~60% of the annual leasing activity
· Portfolio occupancy stands at 91% by value* —Bengaluru at 92%, Mumbai at 100%, and Chennai at 95%
Financial Highlights
· Grew Revenue from Operations and Net Operating Income (NOI) by 10% YoY to a record ₹4,039 crores and ₹3,283 crores, respectively
· Delivered Distributions of ₹2,181 crores or ₹23.01 per unit, up 8% YoY for FY2025; Cumulative distributions of over ₹12,000 crores since listing
· Refinanced ~₹6,300 crores debt at an average rate of 7.98%; Continue to maintain a strong balance sheet with dual AAA/Stable credit ratings
Operational & Growth Highlights
· Delivered 2.5 msf new development in Bengaluru; Current development pipeline of 6.1 msf in Bengaluru & Chennai at 18% yield on cost
· Acquired 5.0 msf premium business park in Chennai; Actively evaluating inorganic growth opportunities including ROFO assets from the Embassy Sponsor as well as other assets from third parties
· Hotel portfolio performed strongly with 63% occupancy up 7% YoY, 12% ADR growth and growth in annual EBITDA by 25%
BRITA Group Expands in India with New Bengaluru HQ
Bengaluru, April 30, 2025 — Germany-based BRITA Group, a family-owned business and global leader in drinking water optimisation, today formally announced the inauguration of its India headquarters and Global Support Center in Bengaluru. The event was led by Kelvin Mow, Senior Vice President of Asia Pacific, BRITA Group, and Rajani Hankammer, a member of the founding family. Spread over 12,000 sq. ft. and located at Embassy Manyata Business Park, the newly inaugurated office is a modern, collaborative space that fosters innovation and teamwork.
Speaking at the inauguration, Kelvin Mow, Senior Vice President of Asia Pacific at BRITA Group, said, “Asia has rightly been identified as key to BRITA Group’s future growth, as several of the largest water filtration markets are located in this region. The regional HQ in Hong Kong was the first in a series steps arising from this insight, with the new India HQ in Bengaluru being the next.”
“We know Bengaluru represents the future of India, with aspirational customers who are open to experimentation and eager to embrace new innovations. It is also one of the region’s foremost hubs for technology and related talent. That’s why we chose to set up a Global Support Center here, with initial focus areas being IT and infrastructure,” he added.
“Proudly family-owned, BRITA has been driving innovation in the global drinking water optimisation market—starting with the first-ever mobile filter for domestic use in 1966. Travelling across Asia, I have observed that each country in this region has unique water consumption needs and preferences—and I’m sure India does as well. We will continue to invest in understanding the evolving Indian consumer better, to ensure we have the right strategy for this high-growth, high-potential market,” said Rajani Hankammer, Shareholder and member of BRITA Group’s promoter family.
An elated Prashant Dayal, Managing Director, BRITA India, said, “I am truly grateful to the Hankammer family and the regional management for their continued, long-term commitment to India and their significant investments in its evolution and growth. The new office marks the next chapter in BRITA’s journey here. Our goal is to deepen market penetration and rapidly expand access to BRITA’s high-quality water solutions. Expect a slew of product introductions and marketing campaigns in the near future.”
Axis Finance launches Disha Home Loans for EWS and LIG homebuyers
Chandigarh, April 29, 2025: Axis Finance Limited (AFL), one of India’s fastest-growing non-banking financial companies (NBFCs), today announced the launch of Axis Finance Disha Home Loans on the auspicious occasion of Akshaya Tritiya. The product is aimed at catering to the needs of aspiring homebuyers from the Economically Weaker Section (EWS) and Low-income Group (LIG) segments.
Disha Home Loans aim to provide customized home loan solutions across various geographies, with a seamless experience throughout the loan lifecycle – backed by best-in-class talent and agile systems to ensure speed in execution and responsiveness to customer needs
This product caters to a diverse range of employment types, covering the entire spectrum of salaried (resident & NRI) and self-employed customers. It addresses the needs of individuals who have formal, semi-formal or informal income documents and are looking for financial assistance. The loan can be availed for the purchase of ready / under-construction / resale property, plot + construction, self-construction, home renovation / extension and more.
Speaking on the launch, Sai Giridhar, MD & CEO, Axis Finance, said, “The launch of ‘Axis Finance Disha Home Loans’ on the auspicious occasion of Akshaya Tritiya reflects our commitment to making home ownership more accessible. This product aims to empower individuals from economically weaker sections by bridging the financial gap and in making their dream of owning a home a reality. This is in line with the government’s relentless efforts to enhance access to housing finance in this segment. Disha Home Loans provide a wide range of customised solutions to meet the diverse needs of customers across geographies.”
He further added, “We aim to provide solutions that customers are looking for, along with superior service and transparency in our dealings. Technology and data science will be our backbone as we enter different markets across the country. Providing easy access to housing finance with a seamless experience will be our focus.”
Axis Finance has a long and successful presence in secured mortgage products with existing systems, processes, technology, talent, underwriting capabilities and a strong distribution.
85-Year-Old Dialysis Patient Survives Massive Brain Haemorrhage
Mumbai / Kolkata, April 29, 2025 – At an age when most people are expected to slow down, an 85–year–old man has redefined what it means to fight for life. Frail in appearance but strong in spirit, the long-term dialysis patient arrived at Manipal Hospitals, Dhakuria, unconscious and battling an acute brain haemorrhage—his survival chances slim. Yet today, he is awake, speaking, and standing with support, preparing to return home. His story is a powerful testament to modern medicine, multidisciplinary teamwork, and the unyielding will to live, proving that age, however advanced, is no longer a limit to recovery.
A known hypertensive with prior cardiac stenting and chronic kidney disease (stage 5 dialysis–dependent), and a history of seizure-related hospitalizations, the patient had already weathered numerous health storms. His condition took a sudden and alarming turn when he lost consciousness at home. On arrival, doctors noted that one of his pupils was dilated — an ominous sign — prompting immediate action.
Upon arrival at the hospital, a CT scan revealed a massive acute subdural haemorrhage—an internal brain bleed that had plunged him into a coma. Given his critical condition, compounded by chronic kidney disease requiring regular dialysis and the use of antiplatelet medication, which is known to significantly heighten bleeding risks, the outlook was bleak. Nevertheless, after extensive discussions with the family, the medical team decided to fight for his life.
Led by Dr. Nirup Datta, Consultant – Neurosurgery, high-risk, two-hour decompressive craniotomy was performed the same day under the observance of Dr. Ritesh Kauntia, Consultant, Nephrology, Transplant Physician, and Dr. Prakhar Gyanesh, Consultant, Anaesthesiology.
“The surgery was a race against time,” said Dr. Nirup Datta, Consultant – Neurosurgery, Manipal Hospital, Dhakuria, who led the neurosurgical team. “There were so many variables stacked against him. Given his advanced age, chronic kidney disease, dual antiplatelet therapy, and poor neurological status, the surgery carried extreme risks. However, we believed he deserved a fighting chance, so we gave it everything. Luckily, the patient’s family also supported our decision after we explained the risks to them. We removed a large clot and preserved the bone flap in his abdomen for future replacement.”
The days following surgery were fraught with complications. The patient developed a serious infection and went into septic shock, requiring intensive critical care, close renal monitoring, and advanced antibiotic support. A tracheostomy was considered but ultimately avoided, thanks to his gradual improvement and successful early extubation—a crucial milestone in reducing recovery time and complications.
Dr. Ritesh Kauntia, Consultant – Nephrology, Transplant Physician, Manipal Hospital, Dhakuria stated, “Managing dialysis in such a critically ill patient was extremely challenging. His kidneys needed ongoing support, even as his body fought the infection and trauma. Close coordination between the neurology, nephrology, and critical care teams ensured continuity of care at every step. Despite the odds, the patient slowly began to show signs of progress—first regaining consciousness, then following simple commands, and later attempting to speak. With sustained physiotherapy and medical support, he regained enough strength to sit up and stand with assistance.”
Dr. Prakhar Gyanesh, Consultant, Anaesthesiology, stated, “Because of his chronic kidney disease and dialysis dependency, we could only administer about a third of the usual medications safely. Managing this delicate balance between treating his brain injury and protecting his kidneys was immensely challenging — but essential. Despite all limitations, his spirit pulled him through.”
Despite his frailty and high risk of re-bleeding (due to antiplatelet medications), the patient recovered enough to stand with support and breathe spontaneously without assistance. He was discharged after 14 days with a structured homecare plan: ongoing dialysis thrice weekly, regular physiotherapy, and scheduled follow-ups. A second surgery to replace the bone flap is planned after two months, once his condition stabilizes further. This extraordinary case stands as a beacon of hope for families of elderly patients, showcasing that even the most fragile lives can bounce back with the right care.
Dia Mirza’s Everyday Climate Rituals Go Viral in This AI-Powered Campaign with Tata Tea Jaago Re
Chandigarh, April 30, 2025: Ever wondered what an eco-conscious Bollywood star cooks up in her kitchen? This month, it’s not just delicious meals but also a recipe for climate action, Dia Mirza teams up with Tata Tea Jaago Re. The campaign showcases how simple, everyday choices can collectively create a significant positive impact on the environment.
Forget elaborate initiatives – Dia is opening her home to show how easy it is to make a difference. “It’s all about those small shifts,” Dia shares. “Like simply putting a lid on your pot while cooking – it saves more energy than you think!” (As revealed in her recent campaign video.)
Teaming up with Tata Tea Jaago Re, Dia is excited to be a part of a refreshing initiative. “We are all feeling the effects of climate change. This initiative personalizes the fight, allowing us to see the difference we’re making. That gives me hope, and I want everyone to feel empowered to act.”
With her signature grace and grounded charm, Dia is making climate action look cool — and she’s urging her fans to join the movement, one eco-snap at a time.
The secret ingredient? An AI–powered climate calculator on JaagoRe.com. Snap a photo of your green action (covering that pot, choosing public transport, etc.) and upload it. The AI quantifies your CO₂ savings, providing instant gratification and motivation. Plus, for every 10 green actions logged, a tree gets planted in your name.
Dia sums it up: “It all starts with small actions done regularly. With the help of Jaago Re, we can start making a difference and leave behind a better world.” As she shares in the campaign, “Every small action counts… because collectively, they can create a big impact and help us improve the future for our children.” And the best part? “Thanks to Tata Tea Jaago AI, I can see the impact of my green actions – and that’s what gives me hope.”
A global outlook : Cambridge Schools in Delhi- NCR celebrate World Dance Day 2025
New Delhi, 29th April 2025: Cambridge School, New Friends Colony, marked World Dance Day 2025 with a special assembly. The event celebrated the different dance traditions from around the world as the students presented a volley of dances. The performances included Indian classical, folk, contemporary, and fusion styles.
World Dance Day was established in 1982 under the auspices of UNESCO. It marks the birthday of Jean- Georges Noverre (1727-1810). He was a French dancer, ballet master, and is considered the creator of modern ballet.
World Dance Day celebrations at Cambridge School began with a traditional performance that symbolised a call to invoke the universe. The presentation involved the use of the various mudras (starting point of dance skills) and Abhinaya (a higher-order skill in Indian classical dances). It was followed by solo and group dances on songs like Monkey Dance (contemporary freestyle), Staying Alive (popular disco), Uptown Funk (hip hop style), Ramti Aave Maadi (garbha) and so on. Over a hundred students participated in the celebrations. The dance performances were followed by a quiz on the significance of World Dance Day. The event concluded with a grand finale in which everyone – students, teachers, and staff – joined in.
Speaking on the occasion, Sunandita Ganguly, Headmistress, Cambridge School, New Friends Colony, said “World Dance Day at Cambridge Schools is not another day in the school calendar. It is about understanding dance as a medium of expression and a reflection of cultural heritage. Our students tell stories through their performances. Besides this, the day also serves as a reminder of how dance can be an effective exercise to achieve physical and mental fitness.”
The Cambridge Schools in Delhi– NCR propagate an environment in which their students learn to recognise and celebrate the diversity of cultures across the globe. Here, music and dance are not merely co-curricular activities but are deeply embedded in the core functioning of the schools. Festivals are frequently organised to celebrate music, dance, art, literature from different cultures, while recognising the underlying universal emotions and elements of harmony, balance and grace. Expert artists are often invited to interact with the students.
All the branches of Cambridge School – Srinivaspuri, New Friends Colony, Noida, Indirapuram and Greater Noida, celebrated World Dance Day 2025 with great fervour.
Mindstec Transforms NOC Operations with Dual KVM Integration
Bangalore, 29th April 2025 – Mindstec Distribution Pvt Ltd, a leading distributor of professional AV solutions, has unveiled a transformative dual KVM (Keyboard, Video, Mouse) integration strategy designed to elevate the efficiency, ergonomics, and responsiveness of network operations centers (NOCs). By enabling seamless control both at the operator desk and through an interactive large-format touch wall, Mindstec is setting a new standard for real-time system management and collaborative decision-making in mission-critical environments.
Mindstec Innovative Dual KVM Deployment
As part of its commitment to empowering operational excellence, Mindstec has successfully implemented a dual KVM solution that centralizes control and maximizes situational awareness. This forward-thinking integration allows operators to switch between multiple servers from a single keyboard, monitor, and mouse at their desks, while also enabling control transfer to an interactive touch wall for enhanced data visualization and team collaboration.
“Our goal at Mindstec is to simplify complexity in high-pressure environments like NOCs. With our dual KVM setup, we’ve given operators the ability to seamlessly shift from individual control at their desk to dynamic, team-based decision-making at the touch wall. It’s about merging flexibility with functionality to support smarter, faster, and more coordinated operations,” said Sabarish N, Managing Director at Mindstec Distribution Pvt Ltd.
Streamlined Desk-Based System Management
At the operator desk, Mindstec’s KVM setup minimizes hardware clutter and enables instant switching between systems, creating an ergonomic and focused workspace. This design is particularly vital in high-pressure environments where swift responses are crucial. “Efficiency is key in our industry. Our KVM solutions allow teams to maintain peak performance without the distractions of a disorganized workspace,” added Sabarish N.
Interactive Touch Wall Integration for Collaborative Control
The integration of KVM technology into a large-format touch wall further amplifies operational agility. Operators can visualize and manipulate data from multiple sources on a single collaborative platform—supporting faster, more informed decision-making and enhancing cross-functional teamwork.
Key Benefits Delivered by Mindstec’s Dual KVM Integration:
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Reduced Desk Clutter: Centralized control leads to a cleaner, more ergonomic workspace.
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Fast, Seamless Switching: Operators gain real-time access across systems without physical reconnections.
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Enhanced Visualization: Large displays present an operational overview critical for rapid analysis.
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Collaborative System Control: Touch-enabled interaction fosters teamwork and problem-solving.
Redefining the Modern NOC
By delivering this integrated control ecosystem, Mindstec equips NOCs with the tools to remain agile, responsive, and future-ready. This dual KVM approach not only enhances operational performance but also ensures that both human expertise and advanced technology work in harmony to manage complex, high-stakes environments.
Bhartiya Urban to Expand Nikoo Homes with 5,000 New Units in Bangalore
Bangalore, April 29, 2025: After the phenomenal success of Nikoo Homes within Bhartiya City, Bhartiya Urban, one of India’s leading real estate developers, is all set to take its much-loved residential brand across Bangalore’s most vibrant and fast-growing neighborhoods. Over the next 15 months, the company plans to launch multiple new Nikoo Homes projects across North, South, and Central Bangalore, delivering more than 9 million square feet of thoughtfully designed living spaces and over 5,000 new homes.
This ambitious expansion reflects the rising demand for homes that combine contemporary design, community living, and modern luxury — the very ethos that Nikoo Homes has come to represent. The new expansion will offer luxurious and environmentally friendly houses designed to blend seamlessly with the surrounding natural beauty, creating an environment that is both exclusive and inviting. Residents will enjoy access to premium facilities, including a grand clubhouse ‘The Black Swan Club’, swimming pool, fitness center, and much more, all designed to offer a fulfilling lifestyle.
“Nikoo Homes is more than just a residential concept—it’s a way of life, thoughtfully designed around the five pillars of family, community, culture, health, and learning. Our goal has always been to offer homes that bring together functionality, aesthetics, and a strong sense of community,” said Mr. Snehdeep Aggarwal, Chairman of Bhartiya Group. He further added, “With this expansion, we’re excited to extend that experience to more people in Bangalore, adapting to the evolving aspirations of modern urban dwellers.”
Nikoo Homes began as a bold vision within Bhartiya City — Bhartiya Urban’s flagship 125-acre integrated township near Hebbal. Designed to be a city with the warmth of a village, Bhartiya City is home to residences, tech parks, a shopping mall, The Leela Bhartiya City, and a world-class school. With nearly 17 million sq. ft. of built-up space, it is one of the largest integrated urban developments in India.
Within this ecosystem, over 6,600 families have chosen to live in Nikoo Homes — from smartly designed studios and lofts to spacious 4-bedroom homes. These homes offer a blend of style, function, and smart living — with parks in the sky, walk-to-work environments, and public spaces designed to bring people together.
By expanding Nikoo Homes as a distinct and independent brand, Bhartiya Urban is doubling down on its vision to make high-quality urban living more widely available across Bangalore’s key growth hubs.
Further announcements regarding project locations, launch timelines, and home configurations will be made in the coming months.