FOMO vs. FOBO – In A House Hunt, One Helps and the Other Hurts
By -Akash Pharande, Managing Director – Pharande Spaces
India’s real estate market provides many opportunities for home buyers. However, it is not easy to navigate, especially for first-time buyers. With so many options and also varying offers from developers, it is often difficult to decide which property purchase ticks all the right boxes for an individual buyer who has never purchased a property before.
Within this complexity, the psychological phenomena of FOMO – the Fear of Missing Out and FOBO – the Fear of Better Options – play big roles in homebuyer decisions. While FOMO can be advantageous in such decisions, FOBO leads to indecisiveness. This can have potentially harmful results.
FOMO and FOBO – Digging Deeper
FOMO is a state of anxiety induced by the fear that one is missing out on an exciting or lucrative opportunity. In real estate, FOMO is what drives timely purchase decisions. As we know, the best projects sell out quickly and prices are also constantly rising, so FOMO is a positive impulse.
On the other hand, FOBO – the Fear of Better Options – causes aspiring buyers and investors to overanalyze the available options. At any given time, more than just a few properties are available to homebuyers that meet their budget, ideal location and lifestyle expectations.
FOBO tends to paralyze the decision-making process because the buyer is constantly hoping to find a superior alternative even if they have already identified a very suitable option. There is, of course, nothing wrong with having plenty of options, but FOBO tends to get buyers stuck in an endless loop of indecision. This can cause them to miss out on perfectly good properties at acceptable price points.
FOMO Can Be Your Ally
Though FOMO has become a derogatory word on social media, it has its advantages. In the context of residential property, it can induce genuine buyers to make timely decisions. This is very important in a market where the best options are often sold out during promotional launches. Infrastructure development, demand, and escalating development costs are constantly pushing up property prices. Homebuyers who experience FOMO at the right time and act on it are often at an advantage in such a fast-paced market.
In many of our cities, projects in high-demand areas often have limited inventory. Once these options are sold and off the market, there may be no similar options available at such prices for a long time – or ever. FOMO helps buyers to overcome hesitation and act quickly when they see a property that meets their needs and budgets.
Likewise, home loan interest rates can be quite volatile, and they play a major part in the overall cost of acquisition. When interest rates are low, FOMO works to the benefit of buyers by driving them to apply for home loans and closing deals before interest rates go up once more. The same is true for periods of discounts, such as the festive season
First-time homebuyers undergo a lot of anxiety when the time comes to take the plunge. FOMO helps convert this anxiety into productive action. Once buyers finally make their commitment, the fear of missing out goes away and relief takes its place.
FOBO – The Fence-sitter Limbo
In contrast, a state of perpetual indecision leads to stress and regret if good options are missed out on. While FOMO can result in positive action, FOBO tends to freeze the decision-making process altogether. While scouting the housing market for a home, this can have catastrophic consequences.
FOBO results in an endless chase after a ‘better’ property, location, or deal. Buyers in this state of ‘analysis paralysis’ tend to see one favourable option after the other snapped up by someone else, or become too costly for them to buy.
With FOBO, a buyer who finds a home in a good area, in a project by a good developer, and at a price they can afford, will entirely miss the bus as they perpetually look for a better deal. By the time they circle back to the previous option, it is often too late.
The endless search for the ‘ideal’ option in a world where perfection is a myth only results in emotional distress and lost opportunities. Yes, the housing market is replete with options, but no single home buyer can – or should aspire to – inspect them all. Buyers with FOBO are invariably frustrated, confused people who cannot make up their minds on anything of significance.
In real estate, time is money and you can’t afford to lose either. A delay of even a couple of months can mean a substantial increase in property prices due to demand, inflation, or other market factors. FOBO’s inability to commit to a decision often results in missed chances to lock in properties at favorable prices or lower interest rates.
Over time, these costs add up, making the eventual purchase far more expensive than it would have been had the decision been made earlier.
Finding the Middle Ground
That said, there is also a healthy balance of FOMO and FOBO possible. It’s just a matter of finding that mid-point. Even if there is a sense of urgency, a buyer must not make hasty decisions and do his or her due diligence.
It is certainly important to see as many properties as is feasibly possible. This should not be a hurried process. It is best to set oneself a timeline within which a decision will be made. Usually, a month of dedicated searching is ample time. It is also important to factor in market conditions and to take professional advice before signing on any dotted line.
You want to leverage the urgency of FOMO and turn it into positive energy – but set realistic criteria. A buyer should have a list of ‘must-haves’ to refer to, and should not over-extend their budget. Set a limit to how big your shortlist should be.
If it starts getting endless, FOBO has taken over and it is time to snap out of it. You’re looking for a home that makes you happy, which you can afford, and which will appreciate well over time. Once you’ve found this home, make sure that you know that your hunt is over.
About the Author:
Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience
Storyblok partners with Deloitte Digital
Deloitte Digital uses Storyblok to complete tailored experience delivery tasks in 2 hours instead of 2 days
New York, NY – 10am EST – September 30, 2024 – Storyblok, the modern content management system (CMS) for all teams, has added global creative consultancy Deloitte Digital as a Certified Partner. Storyblok’s Certified Partners are a selected group of agencies that are best-equipped to help brands implement the CMS to accomplish digital transformation projects.
Deloitte Digital started its journey with Storyblok while building a Sustainability & Climate website for its parent company, Deloitte. The agency wanted to use an efficient CMS that fits the mission and message of the website.
Thanks to the flexibility of Storyblok, Deloitte Digital was able to meet its efficiency goal by using Storyblok for content creation, editing, and then exporting the published content to a monolithic CMS used for hosting the website.
Once the developers and content team experienced the productivity benefits of Storyblok and its easy-to-use Visual Editor through this project, they started using it to quickly develop website concepts for new customers using composable components.
Christian Hartkemeyer, Senior Manager at Deloitte Digital, said: “It only takes 2 hours to complete the delivery of tailored experiences in Storyblok that used to take 2 days in other CMSs. The more we use Storyblok, the more we want to use it for other internal and customer projects. Being a Storyblok Certified Partner means that our customers can trust us to deliver similar results for them.”
Barry D’Arcy, VP of Partners at Storyblok, said: “Deloitte Digital’s expertise in digital innovation underscores Storyblok’s flexibility as a powerful CMS. From strategic digital initiatives to comprehensive transformations, their proven experience allows us to deliver exceptional content solutions globally. Together, we are empowering more brands to embrace modern content management and unlock the full potential of their digital experiences.”
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America’s Most Welcoming Holiday Cities Ranked
| City Name | Population | Number Of Hotels | Number of Hotels with 4* and above rating | Percentage of High-Rated Hotels | Average Hotel Price | Happiness Score | Recreation Score | Food & Entertainment Score | Traffic Index | Crime Index | Safety Index | Highest Temperature C | Lowest Temperature C | Composite Score |
| Gilbert, AZ | 247,542 | 139 | 69 | 49.64% | $191.88 | 62.99 | 152 | 144 | 115 | 14 | 86 | 26 | 15 | 99 |
| Fremont, CA | 232,206 | 185 | 113 | 61.08% | $168.54 | 74.16 | 145 | 176 | 113 | 42 | 58 | 22 | 11 | 90 |
| Irving, TX | 236,607 | 129 | 66 | 51.16% | $300.78 | 51.93 | 167 | 140 | 107 | 37 | 63 | 26 | 15 | 81 |
| Garland, TX | 236,897 | 121 | 49 | 40.50% | $127.05 | 50.87 | 134 | 154 | 106 | 36 | 64 | 26 | 15 | 79 |
| Chula Vista, CA | 277,096 | 49 | 20 | 40.82% | $75.19 | 61.75 | 159 | 179 | 170 | 56 | 44 | 22 | 15 | 78 |
| Chandler, AZ | 280,663 | 168 | 94 | 55.95% | $225.58 | 60.9 | 128 | 93 | 135 | 23 | 77 | 26 | 15 | 77 |
| Laredo, TX | 264,473 | 73 | 37 | 50.68% | $134.83 | 45.52 | 117 | 170 | 158 | 36 | 64 | 29 | 18 | 76 |
| Hialeah, FL | 237,069 | 145 | 82 | 56.55% | $197.06 | 52.91 | 107 | 165 | 151 | 45 | 55 | 29 | 22 | 75 |
| Irvine, CA | 330,521 | 120 | 71 | 59.17% | $222.99 | 68.22 | 57 | 131 | 73 | 26 | 74 | 24 | 12 | 74 |
| Riverside, CA | 319,504 | 153 | 72 | 47.06% | $570.44 | 56.69 | 124 | 141 | 99 | 40 | 60 | 26 | 12 | 73 |
The Importance of Compliance Management in Businesses to Mitigate Risk & Ensure Security
As regulatory requirements evolve, businesses face increasing pressure to comply with laws and industry standards. Continuous compliance Management can help organisations to prevent lawsuits and policy violations. Compliance management software has emerged as a vital tool to help organisations efficiently manages these challenges.
TeamLease Regtech CEO and Co-Founder Rishi Agrawal has simplified compliance management, ensuring businesses stay on top of regulations, avoid penalties, and increase operational efficiency.
Here are the ways to stay compliant and how it can help businesses streamline their processes:-
1. Streamlining Compliance Processes with Automation
Manual compliance processes are often complex, time-consuming, and prone to errors. Compliance management software, such as TeamLease Regtech, automates tasks like tracking regulatory updates, generating reports, and monitoring compliance status. This reduces the administrative burden on teams and ensures more consistent compliance practices.
2. Real-Time Monitoring and Alerts
Keeping up with the constant changes in regulations is one of the biggest challenges businesses face. Compliance software provides real-time monitoring of legal updates and automatically alerts businesses of relevant changes. TeamLease Regtech ensures organisations are immediately notified of any regulatory shifts, helping them stay compliant at all times.
3. Reducing Legal and Financial Risks
Failure to comply with regulations can result in hefty fines, lawsuits, and reputational damage. Compliance management software helps mitigate these risks by ensuring businesses follow all necessary legal guidelines. TeamLease Regtech offers tools that assess and track risk exposure, allowing companies to take proactive measures and reduce the likelihood of non-compliance.
4. Customizable for industry-specific needs
Different industries are subject to different regulatory frameworks. TeamLease Regtech allows organisations to customise their compliance management system to fit their specific needs, ensuring they meet industry-specific regulations such as GDPR, PCI-DSS, or HIPAA. This adaptability makes it easier for businesses to manage multiple layers of compliance.
5. Simplified Reporting and Audits
Regulatory audits require thorough documentation and preparation. Compliance management software automates the reporting process, making it easier for businesses to prepare for audits. TeamLease Regtech generates detailed reports and keeps a comprehensive audit trail, reducing the time and effort required to stay audit-ready.
6. Ensuring Data Protection and Privacy
In the age of data breaches and privacy concerns, staying compliant with data protection laws is critical. Compliance management software helps businesses safeguard customer and employee data by ensuring adherence to privacy regulations. TeamLease Regtech offers features that monitor data handling practices and ensure compliance with privacy laws, reducing the risk of data breaches.
How Sustainable Technologies Are Transforming Commercial Office Elements and Building Practices
Mr Sunil Bedi, Founder, JMD Group
The drive towards sustainability has become a defining characteristic of modern architecture and commercial building practices. As environmental concerns take center stage, businesses and developers are increasingly adopting sustainable technologies that not only reduce their carbon footprint but also enhance efficiency and long-term cost savings. This transformation is reshaping the way commercial spaces are designed, constructed, and maintained.
The Rise of Sustainable Building Practices
Sustainable building practices involve the integration of eco-friendly technologies and materials into the construction and operation of commercial buildings. These practices are guided by principles such as energy efficiency, resource conservation, and minimal environmental impact. The result is a new generation of office buildings that are not only environmentally responsible but also healthier and more productive for occupants.
Key Sustainable Technologies in Commercial Spaces
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Energy-Efficient Lighting and HVAC Systems: One of the most significant areas of transformation is in lighting and heating, ventilation, and air conditioning (HVAC) systems. Modern commercial buildings are increasingly incorporating LED lighting, which consumes significantly less energy and has a longer lifespan compared to traditional lighting. In addition, smart HVAC systems use sensors and automation to optimize temperature and airflow, reducing energy consumption and enhancing comfort.
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Green Building Materials: The choice of materials plays a critical role in sustainable construction. Materials like reclaimed wood, recycled metal, and low-VOC (volatile organic compound) paints are becoming standard in green building projects. These materials not only reduce the environmental impact but also contribute to better indoor air quality and occupant health.
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Water Conservation Technologies: Water efficiency is another crucial aspect of sustainable office buildings. Technologies such as low-flow fixtures, water recycling systems, and rainwater harvesting are helping commercial spaces reduce their water consumption. These innovations are essential in areas where water scarcity is a growing concern and contribute to the overall sustainability of the building.
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Renewable Energy Integration: The integration of renewable energy sources, such as solar panels and wind turbines, is becoming increasingly common in commercial buildings. These technologies enable offices to generate their own clean energy, reducing dependence on fossil fuels and lowering greenhouse gas emissions. In some cases, buildings can even produce surplus energy that can be fed back into the grid.
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Smart Building Management Systems: The rise of the Internet of Things (IoT) has given birth to smart building management systems that allow for real-time monitoring and control of energy usage, lighting, security, and more. These systems provide valuable data that can be used to optimize building operations, reduce waste, and improve overall efficiency.
The Impact on Office Design and Employee Well-Being
Sustainable technologies are not just about reducing environmental impact—they also enhance the quality of the work environment. Natural light, improved air quality, and comfortable temperatures contribute to a healthier and more productive workspace. Studies have shown that employees in green buildings report higher levels of satisfaction, well-being, and productivity, leading to better overall business performance.
Furthermore, the adoption of sustainable technologies aligns with the growing demand for corporate social responsibility. Companies that prioritize sustainability can enhance their brand image, attract top talent, and meet the expectations of environmentally conscious clients and investors.
Conclusion
The integration of sustainable technologies into commercial office elements and building practices is no longer a trend—it’s a necessity. As businesses and developers recognize the long-term benefits of sustainability, we can expect to see even greater innovations in this field. From energy efficiency to smart building management, these technologies are transforming the commercial real estate landscape, paving the way for a more sustainable and prosperous future. The commitment to sustainability is not just about protecting the environment; it’s about creating spaces that foster well-being, efficiency, and success.
Ganga Realty’s ‘Anantam’, Gurugram’s Tallest Residential Tower, Receives Overwhelming Response During EOI Phase
Ganga Realty, a prominent real estate developer based in Gurugram, has recently unveiled ‘Anantam’, the tallest residential tower in the city, located in Sector 85. The project’s Tower A, launched under an exclusive Expression of Interest (EOI) phase, received an extraordinary response from homebuyers in a remarkably short period. Ganga Realty is offering a limited-time Expression of Interest (EOI) with a special inaugural rate. The first 50 buyers can secure units at Rs 16,500 per sq ft, providing significant savings compared to the introductory price of Rs 17,500 per sq ft. With an EOI deposit of ₹10 lakhs, buyers can enjoy benefits worth over ₹25 lakhs. This exclusive opportunity is available for a short period and will be ending on October 11th. Additionally, the company is extending further benefits by waiving the first transfer fee, provided buyers complete 30% of the total payment booking.
On September 16th, Ganga Realty held a Bhumi Pujan at the Anantam site to seek divine blessings and helm the project on an auspicious note.
Apart from encompassing the tallest residential towers in the development landscape of Gurugram and Delhi, boasting G+59 floors, Anantam is also overloaded with voguish amenities such as a 1 lakh sq ft state-of-the-art Clubhouse, along with separate Indoor & Outdoor Sports Clubs, a Business Centre, a Dynamic Socio Club, a Museum, a Jewellery Cafe Lobby, and a Knowledge Park.
Talking about the EOI phase for Anantam’s Tower A, Vikas Garg, Joint Managing Director, Ganga Realty, commented, “We are delighted to conclude the opening of the EOI Phase for Tower A of our uber-luxury offering, Anantam. We would like to thank all the homebuyers who showed a vociferous interest in our project. Our project is an amalgamation of our founding philosophy and high-tech technologies to provide skyline living to our customers. We are happy to have received rave reviews about our newly launched project and are equally pleased that our buyers resonated with the concept of Dubai-based living experience we are aiming to recreate with this outing.”
Anantam’s Clubhouse will feature endless recreational amenities such as 4 Infinity Pools, a Gymnasium, a Yoga Room, an Observatory Deck, a Wave Pool, a Sun Lounger, an Open Air Bar, and a Restaurant with a Cafe. Alongside that, the Indoor Sports Club will feature elaborate spaces for new-age sports and fitness regimes such as Table Tennis, Billiards, Squash, Pilates, and a Meditation Room. The Outdoor Sports Club will entail a Cricket Pitch, a Badminton Court, a Jogging Track, a Basketball Court, a Skating Rink, a Kids’ Play Area, a Yoga Deck, a Meditation Area, a Reflexology Area, a Panchtatva Park, a Pet Park, an Open Gym, and a Climbing Wall.
Birla Estates launches category redefining initiative with its ‘Real Advise’ on real estate campaign with Vicky Kaushal
New Delhi, 28th August 2024 – Birla Estates Pvt Ltd, the real estate arm of the Aditya Birla Group and a wholly-owned subsidiary of Century Textiles and Industries Limited, launches “Real Advice,” a ground-breaking campaign that marks one of India’s first initiatives to raise awareness and educate Indian audiences on the Real Estate sector. The “Real Advice” campaign by Birla Estates provides insights, and information, and also educates and empowers individuals to make informed decisions concerning real estate.
The campaign features a series of short films, a microsite, and digital content addressing common real estate challenges and questions that many people encounter. Films featuring Vicky Kaushal are designed to make Real Estate easy and simple for a wide audience. From demystifying Real Estate jargon to highlighting nuances of property evaluation, this campaign offers practical advice for anyone interested in the Real Estate market.
The content of the conversation includes the home buying process, real estate terminologies, insights on interiors, and more. With this campaign, Birla Estates aims to empower viewers with knowledge while also promoting greater understanding and clarity within the Real Estate space. Through ‘Real Advice,’ Birla Estates is setting a new standard for consumer education in Real Estate, making the journey clearer and more informed for all.
Mr. K T Jithendran, MD & CEO of Birla Estates, remarked, “At Birla Estates, our core values are built on a customer-first approach, where transparency, trust, and integrity are paramount. This campaign reflects our commitment to these principles, aiming to empower our customers with the knowledge they need to make informed decisions. As the real estate sector continues to thrive, with more and more people investing in their dream homes, initiatives like ‘Real Advice with Vicky Kaushal’ play a crucial role in ensuring that buyers feel well-supported and informed throughout their journey”
Ms. Anitha Krishnan, Head – Marketing at Birla Estates commented saying, “The intent of the ‘Real Advice’ campaign, is to empower the consumer with the power of knowledge and information. We intend to do this with a holistic approach through microsites with blogs, podcasts, chatbots, as well as films. We’ve created a seamless ecosystem where real estate knowledge is always within reach and the intent is to keep evolving this. This initiative not only reflects our customer-first approach but also introduces a fresh way to engage with the evolving world of real estate”
With ‘Real Advice with Vicky Kaushal,’ Birla Estates aims to create a new benchmark in real estate engagement, further demonstrating its commitment to empowering buyers and fostering a transparent, informed home-buying journey.
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Creating a Positive Tenant Experience in Apartment Living: A Comprehensive Guide
By Sujata Muguda,
Apartment living may be a particularly exciting and enjoyable experience while both tenants and asset managers collaborate to create welcoming and harmonious surroundings. High-quality tenant enjoyment goes beyond virtually imparting an area to stay; it’s about fostering a feel of home, network, and belonging. Below are a few strategies that property managers can put in force to ensure a wonderful tenant experience in an apartment.
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Clear and Concise Lease Agreements
The foundation of a wonderful tenant-landlord courting begins with a clear and nicely dependent hire agreement. This record needs to detail all terms, situations, and duties in straightforward language, leaving no room for confusion or misunderstanding. An obvious hire agreement helps prevent disputes and guarantees that each event is on the same page from the start.
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Prompt Response to Requests
Responding quickly to upkeep requests and tenant issues is critical in showing tenants that their comfort and well-being are a priority. Whether it’s a minor restore or a full-size trouble, addressing issues in a timely way builds trust and pride. Tenants who experience heard and valued are more likely to have a fantastic dwelling experience and continue to be in the assets longer.
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Respect for Privacy
While asset managers must be worried about the upkeep of the property, respecting tenant privacy is vital. Property managers ought to strike stability between being attentive to the needs of the tenants and giving them the space they want to feel snug in their houses. A regular conversation about visits or inspections, with ok observation, demonstrates appreciation for the tenant’s privacy.
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Fair and Consistent Treatment
All tenants ought to be handled with fairness and consistency. This consists of the same enforcement of network guidelines and obvious conversation regarding any modifications or updates. Favoritism or inconsistent rule enforcement can lead to dissatisfaction and a sense of unfair remedy, which can harm the general tenant experience.
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Efficient Repair and Maintenance
A properly maintained asset is a happy property. Quick and green upkeep exhibits a dedication to maintaining the property and making sure that tenants stay in a secure and cushy environment. Regular renovation not only addresses instant issues but also allows you to save your large, dearer problems down the road.
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Incentives for Long-Term Leases
Offering incentives for lengthy rental periods can attract both tenants and landlords. For tenants, it offers balance and the guarantee that they receive the need to relocate often. For landlords, it reduces turnover and the associated charges of finding new tenants. Incentives ought to encompass rent reductions, improvements to the condominium, or other perks that upload value to the tenant’s dwelling revel in.
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Building a Community
Fostering a feel of network among tenants can notably decorate their dwelling revel in. Organizing network activities, along with excursion gatherings, film nights, or fitness instructions, encourages high-quality interactions among acquaintances and allows build a supportive and friendly atmosphere. A sturdy community can make an apartment complex feel like a true home, in preference to simply a place to live.
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Utilizing Technology
Incorporating virtual systems into belongings management can streamline conversation and enhance tenant experiences. A tenant portal or app can offer a valuable place for tenants to report issues, pay rent, and obtain critical updates. This comfort no longer enhances the tenant’s enjoyment but also lets property managers manipulate responsibilities more successfully.
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Safety and Security
Ensuring the safety and security of the belongings is a pinnacle of precedence for any assets supervisor. This includes installing stable locks, keeping properly lit common regions, and, where viable, offering safety to employees or surveillance structures. A steady environment gives tenants peace of mind, which is a vital component of a positive living revel in.
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Quality Amenities
Providing best amenities can drastically decorate a tenant’s day-by-day life. This includes current appliances, sufficient garage area, on-hand parking, and well-maintained communal areas like gyms, pools, or lounges. Quality amenities upload value to the belongings and can be a figuring-out aspect for tenants when selecting where to stay.
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Regular Inspections
Conducting regular inspections allows for identifying and coping with potential problems earlier than they turn out to be big issues. These inspections ensure that the assets remain in pinnacle situation and that tenants are dwelling in a safe and well-maintained environment. Inspections ought to be performed with appreciation of the tenant’s privacy, with proper notice given in advance of time.
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Positive Attitude
A nice and proactive mindset from property management can greatly have an impact on the tenant. Being approachable, friendly, and answer-orientated could make tenants feel valued and supported. A control group that listens to tenant concerns and works diligently to address them can foster a positive atmosphere that enhances universal pride.
By enforcing those strategies, asset managers can create a surrounding in which tenants feel valued and glad to call their condo home. It’s a collaborative attempt that no longer only improves the first-class lifestyles for tenants but also advantages belongings managers by way of fostering a stable and engaged tenant base. A wonderful tenant revels in ends in longer rentals, fewer vacancies, and a more potent network, in the long run contributing to the success of the belongings.
These systems provide complete recommendations on a way to increase the usual of condominiums residing for tenants, making sure a superb and profitable experience for all worried.
BharatPe to offer secured loans to its merchant partners: Announces partnership with OTO Capital and Volt Money
BharatPe to facilitate Two-wheeler loans and Loans Against Mutual Funds
Mumbai, India, August 20, 2024 – BharatPe, India’s leading name in the fintech industry, today announced its foray into facilitation of secured loans for merchant partners on its platform. The company has launched facilitation of two-wheeler loans and Loans Against Mutual Funds (LAMF) for its existing merchant partners in the first phase. BharatPe has partnered with OTO Capital, an emerging digital commerce and lending platform, for enabling two-wheeler loans. Additionally, the company has partnered with Volt Money to facilitate Loans Against Mutual Funds to its merchant partners. The company plans to expand this to a multi-product and multi-lender offering in the next phase.
BharatPe’s merchants can now avail two-wheeler loans of up to Rs. 2.5 lacs, at competitive interest rates, for their next two-wheeler purchase from OTO Capital. The loan application process is 100% digital and merchants have the option to choose the repayment period between 12- 48 months. With the launch of Loans Against Mutual Funds (LAMF) in partnership with Volt Money, BharatPe’s merchants can also avail loan of up to Rs. 1 crore against Mutual Funds.
Speaking on the launch, Nalin Negi, CEO, BharatPe, said, “BharatPe started out in 2018 with the objective of empowering millions of offline merchants with new-age fintech products that deliver value to their businesses. In 2019, we ventured into the facilitation of unsecured loans with the motto of addressing the US$ 0.5 trillion MSME credit gap that has acted as a blocker to the growth of this industry. Over the course of the last few years, we have made great progress and have facilitated unsecured loans of over Rs. 15,000 crores to our merchant partners. I am excited about the launch of the secured loans offerings as this further bolsters the credit portfolio enabled by BharatPe and underscores our commitment to enable credit access to our merchants. I would like to thank OTO Capital and Volt Money for joining hands with us to enable credit for our 1.3 crore+ merchant partners.”
Added Nalin “The launch of secured loans for BharatPe’s merchant partners will open a new monetization channel for us and also help us drive engagement with our merchants, by offering them an extensive portfolio of loan options to choose from. In the coming months, we will be adding new products in the secured loans category so as to cater to a wide set of requirements. I am confident that secured loans will have a significant contribution to our overall revenue in the coming months. We stay committed to empowering our merchant partners and will continue to roll out disruptive products that are relevant for them.”
Speaking on the launch of two-wheeler loans, Sumit Chhazed, C.E.O, OTO Capital, said, “We believe in the power of mobility to transform lives. Our mission is to make two-wheeler ownership accessible and affordable for every aspiring entrepreneur in India. Together, we are committed to providing accessible mobility solutions that will help businesses thrive. Our partnership with BharatPe is rooted in our shared commitment to empowering India’s entrepreneurial spirit. Together, we’re building a future where every business has the opportunity to thrive.”
Speaking about the launch of loans against mutual funds, Bharat Lamba, Co-founder & CBO at Volt Money, “We cannot be more excited about this strategic partnership with BharatPe. As a company, we closely identify with BharatPe’s mission of financial inclusion for Indian merchants. By providing instant loans against Mutual funds, we are uniquely positioned to meet the short-term liquidity and working capital needs of MSMEs, thus enabling and empowering them financially. This collaboration represents a significant step forward in our commitment to providing low-cost 100% digital financing solutions to Indian businesses by unfurling them to BharatPe’s diverse large base of merchants.”
Both the two-wheeler loans and Loans Against Mutual Funds will be enabled on BharatPe platform. The loan disbursal and collections will be taken care of by the partner at their end. BharatPe is set to expand its offerings over the next three months, introducing a diverse range of products and lenders to meet the needs of merchants.
Green Building Practices: The Future of Sustainable Real Estate
By Mr Sunil Bedi, Founder, JMD Group
The real estate industry is undergoing a significant transformation, driven by the growing importance of green building practices. As sustainability becomes a key factor in decision-making for both developers and consumers, the adoption of eco-friendly construction methods is reshaping the market. Green building practices not only address environmental concerns but also offer economic and social benefits, making them a vital component of modern real estate development.
Defining Green Building Practices
Green building practices refer to the methods and principles used to create structures that are environmentally responsible and resource-efficient throughout their lifecycle. These practices focus on several core aspects:
Energy Efficiency: Utilizing advanced technologies and designs to reduce energy consumption in buildings.
Sustainable Materials: Incorporating materials that have a minimal environmental impact, are recycled, or are sustainably sourced.
Reduced Environmental Impact: Implementing strategies to minimize the ecological footprint of buildings, such as using renewable energy sources and improving water efficiency.
Impact on Property Values
Green building practices significantly influence property values. Buildings that incorporate energy-efficient systems and sustainable materials often command higher prices in the market. For example, properties with LEED (Leadership in Energy and Environmental Design) certification are highly sought after due to their proven commitment to sustainability. As consumer awareness of environmental issues grows, so does the demand for green buildings, leading to a positive effect on property prices.
Development and Investment Opportunities
The green building sector presents emerging opportunities for developers and investors. Successful green building projects demonstrate that eco-friendly construction can be both profitable and sustainable. For instance, the Bullitt Center in Seattle, known as the greenest commercial building in the world, has set a benchmark in the industry. Such projects attract investors looking for long-term gains and reduced risk, as green buildings tend to have lower operating costs and higher tenant retention rates.
Enhancements in Urban Living
Green building practices contribute to significant improvements in urban living. They promote healthier indoor environments through better air quality and natural lighting. Energy-efficient designs lead to reduced energy costs for occupants, while the use of sustainable materials ensures a lower environmental impact. These enhancements not only improve the quality of life for residents but also drive demand for green properties as more people seek out sustainable living options.
Conclusion
The future of real estate lies in embracing green building practices. As sustainability continues to shape the industry, developers, investors, and consumers must recognize the long-term benefits of eco-friendly construction. By focusing on energy efficiency, sustainable materials, and reduced environmental impact, green building practices offer a pathway to a more sustainable and prosperous future in real estate.