New Delhi, September 20, 2024: New housing launch and sales in the third quarter of Calendar Year 2024 in top 9 cities showed a decline of 11% and 18% respectively, according to a data by real estate data analytics firm PropEquity.

The NSE-listed firm said that new launches in the July-September quarter of CY 2024 fell to 93,693 units from 1,05,655 units in the same period last year while sales fell to 1,04,393 units in Q3 CY2024 from 1,26,848 units in the same period last year.

PropEquity tracks housing supply and absorption data in NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

Commenting on the data, Mr. Samir Jasuja, CEO & Founder, PropEquity said: The demand for real estate continues to be robust as even in this quarter the absorption/sales is higher than the new launches and such marginal drops in this quarter is a historic trend and not symptomatic of any adverse situation. In Hyderabad and Navi Mumbai, the majority of new real estate launches are in plots rather than apartments, indicating a decline in supply and absorption of apartments in these cities. It is also important to note that Hyderabad witnessed a historical high of 94,629 units of supply in 2023 therefore reduction in new launches in 2024 is quite logical.”

According to the data, on Y-o-Y basis, only NCR, Mumbai and Thane saw rise in new supply at 221%, 18% and 11% respectively in this quarter compared to Q3 2023. Hyderabad (54%), Kolkata (48%), Chennai (23%), Bengaluru (19%), Navi Mumbai (19%) and Pune (12%) witnessed a significant drop compared to Q3 2023. However the drop is not steep when compared to the previous quarter i.e. Q2 2024.

The data further pointed out that, on Y-o-Y basis, the total absorption rose only in Delhi NCR (22%) and Navi Mumbai (4%) while falling in other seven cities with Hyderabad recording the highest fall at 42%, followed by Bengaluru (26%), Kolkata (23%), Pune (19%), Chennai (18%), Mumbai (17%) and Thane (10%).

Mumbai, September 20, 2024: ‘Belicia’ a luxurious residential project in Thane being developed by Prescon Group in collaboration with the esteemed House of Hiranandani has generated over 200 crores in revenue in Q1 of FY 2024-25, driven by the sale of more than 80 units.

Speaking on the occasion Mr. Vedanshu Kedia, Director of Prescon Group said, “We are thrilled at achieving this remarkable milestone which underscores the strong market demand and the unparalleled appeal of our luxury offerings. As we continue to redefine upscale living in Thane, this achievement not only reflects our commitment to excellence but also positions Belicia as a beacon of luxury and a promising investment opportunity. We look forward to maintaining this momentum and delivering even greater value to our esteemed customers and investors, going forward.”

Belicia, a landmark 48-storey tower sprawling across 1.5 acres, is redefining luxury living in the Thane region with a RERA possession date set for June 2028. Located on the prestigious Nitin Company Compound near Nitin Company junction, it offers a prime address with easy access to top tier local transport, esteemed schools, renowned hospitals, business centers, malls, and dining options.

Belicia offers luxurious 2, 3, and 4 BHK apartments ranging from 779 to 1546 sq ft, starting at Rs. 1.85 crore. Each unit features marble flooring, expansive decks, ample natural light, and ventilation, with select apartments including foyer areas for added privacy. Residents will enjoy panoramic city views and serene Yeoor Hills vistas, with the first habitable floor starting on the 7th level.

According to a recent report by PropEquity, a leading real estate data and analytics firm, Thane has emerged as a standout performer in the real estate market for the first quarter of the calendar year 2024. The city achieved significant sales momentum, recording 26,702 units sold during this period. This impressive figure places Thane among the top cities in terms of quarterly sales, highlighting its robust real estate activity and growing market demand. The strong performance reflects a continued upward trend in property transactions and underscores Thane’s prominence in the real estate sector.

The recent approval by the Union Cabinet for the Thane Integral Ring Metro Rail Project marks a significant milestone set to transform urban mobility and real estate in Thane. Set to become operational by 2029, this project will create vital connections between key residential and commercial hubs, driving substantial growth in the region. As a result, this will further epitomize Thane as an attractive market for investment and appreciation; significantly enhancing the area’s overall economic prosperity.

Panch Pakhadi in Thane (W) saw an 11% price appreciation and 3.02% rental yields in 2022, outperforming other Thane micro-markets. Limited housing supply, superior infrastructure, and upcoming projects are driving this growth. The area’s vibrant commercial hub around Nitin Company further boosts demand. With continued urban development, Panch Pakhadi offers strong investment potential and expected future returns.

Belicia in Panch Pakhadi, Thane is a prestigious address due to its strategic location near the Eastern Express Highway, Thane Railway Station, and upcoming Metro Line 4. Its rapid infrastructure development and connectivity make it highly desirable for both residential and commercial real estate, positioning it as one of the region’s top addresses.

Visakhapatnam, September 20, 2024: Brandix India Apparel City (BIAC) is pleased to announce its rebranding as Adhistan Integrated Industrial Park, marking the beginning of a new chapter in its journey. Since its inception in 2006, BIAC has evolved into a vertically integrated hub, employing over 100,000 employees. The rebranding to Adhistan represents a strategic shift towards creating a more inclusive environment for its diverse local and international customer base.

A Vision for Growth and Partnership

With its world-class infrastructure, Adhistan is uniquely positioned to foster opportunities for businesses seeking to thrive in a well-connected, integrated industrial environment. Spanning 1,000 acres, the Park will serve as a hub for industries beyond apparel, offering seamless connectivity, cutting-edge facilities, and access to a highly skilled workforce. This transformation aims to create a vibrant and diverse ecosystem, driving sustainable and inclusive growth.

Commitment to Sustainability

While diversifying its industrial focus, Adhistan will uphold BIAC’s legacy of sustainability, by continuing to prioritize environmentally responsible practices. Adhistan remains committed to supporting its partners and the wider community through sustainable industrial development.

Adhistan’s strategic location, world-class infrastructure, and unwavering focus on sustainability offer businesses a solid foundation for growth, collaboration, and long-term success.

Faridabad: Faridabad is gradually emerging as a prime destination for real estate investment, particularly attracting interest from developers who are traditionally focused on the saturated markets of Noida and Gurugram. As Noida and Gurugram reach their limits regarding available land and infrastructure capacity, Faridabad is stepping up as a viable alternative, offering promising opportunities and high returns on investment.

Faridabad: Faridabad, strategically located in the National Capital Region (NCR), has long been known for its robust manufacturing base, with notable players like JCB, Escorts, Cisco, Honeywell, etc., being present in the city. However, the landscape is evolving. Faridabad is increasingly being recognized not just for its industrial prowess but also as a growing hub for the service sector. This shift is drawing the attention of major real estate developers, who are increasingly investing in land parcels to capitalize on the city’s growth potential.

The city’s real estate market is currently witnessing a flurry of activity, with big developers from Noida acquiring extensive land parcels. Reports indicate that several developers are now buying 100-200 acres of land in Faridabad. These land acquisitions are primarily for developing a mix of commercial spaces, mixed-use complexes, and large-scale township projects. This influx of investment is set to transform Faridabad into a vibrant and dynamic urban centre, offering diverse opportunities for businesses and residents alike.

One significant example is Bhutani Infra, a well-known name in the real estate sector. Bhutani Infra recently made a notable move by taking a stake in the World Trade Center (WTC), Faridabad project. This investment highlights the growing confidence in Faridabad’s real estate market and its potential as a major commercial hub. Bhutani Infra’s involvement underscores a broader trend of developers recognizing Faridabad as a fertile ground for large-scale projects.

One of the key factors driving this real estate boom in Faridabad is its favourable economic environment and infrastructure developments. Connectivity through some of the major expressways such as Delhi Mumbai Industrial Corridor (DMIC), and Faridabad Jewar Expressway cuts down the travel time drastically. Especially the proximity to the upcoming Jewar Airport will give Faridabad the same edge that Gurugram once enjoyed with IGI Airport. The city is not only becoming a preferred location for global multinational corporations (MNCs) but is also witnessing the establishment of their head offices. This trend is indicative of Faridabad’s growing importance as a business hub, providing both a conducive environment for corporate operations and a high quality of life for employees.

Shailesh Kumar Gupta, NCR Property expert, remarked, “In addition to its appeal to MNCs, Faridabad’s real estate market is benefiting from its existing industrial base and the increasing demand for service sector facilities. The city’s infrastructure improvements and ongoing urban development projects are enhancing its attractiveness as a location for both commercial and residential investment.”

The contrast between Faridabad’s emerging potential and the saturation of neighbouring cities like Noida and Gurugram is stark. While Noida and Gurugram have experienced rapid growth, leading to higher land prices and increased competition, Faridabad offers a more balanced and promising investment environment. The availability of large land parcels at relatively lower costs compared to its counterparts makes Faridabad a compelling choice for developers looking to maximize returns. The influx of major developers, investment in large-scale projects, and the establishment of global MNCs’ head offices are clear indicators of the city’s evolving status. For real estate investors and developers, Faridabad represents a golden opportunity to invest in a market that promises substantial returns and long-term growth.

Gurgaon, 19th Sep 2024—Taggd, India’s leading digital Recruitment firm, has been named a Star Performer and Major Contender in the prestigious Everest Group’s RPO PEAK Matrix® Assessment 2024—Asia Pacific. This recognition underscores Taggd’s consistent commitment to innovation, operational excellence, and the ability to deliver global cutting-edge talent solutions.

As a Star Performer, Taggd has demonstrated outstanding performance improvements, and its positioning as a Major Contender highlights the company’s strategic growth and impactful contributions to reshaping the talent landscape. Taggd’s technology-driven approach and deep industry expertise have helped businesses attract, engage, and manage talent more effectively, positioning it as a trusted partner for Fortune 500 companies and emerging businesses.

On this achievement, Devashish Sharma, Founding Member and CEO of Taggd, expressed his views:
“This recognition by Everest Group is a testament to our unwavering focus on meeting the evolving talent acquisition needs of our clients. We are here to make each hiring manager successful and every single initiative – whether it is our investment in technology, Data, AI or our Customer focus – is to ensure that. We are incredibly proud of this achievement and are excited to continue our journey.”

“Taggd has established a strong foothold in the Indian RPO market, with deep experience in serving buyers from industries such as manufacturing, hi-tech and telecom, and pharmaceuticals and life sciences. Its prudent investments in creating its own technology stack, data layer, and candidate communities have helped it garner market success,” says Arkadev “Arko” Basak, Partner, Everest Group. “These factors have contributed to its positioning as a Major Contender and Star Performer in Everest Group’s Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment 2024 – Asia Pacific.”

This accolade follows several other recent achievements by Taggd, reinforcing its leadership in recruitment. As businesses across the globe grapple with an increasingly competitive job market, Taggd’s role as a strategic partner continues to be recognized by industry leaders and influencers alike.

Join The Jalsa, Discover Insider.in’s Ultimate Lineup of Navratri Events Across India

India-wide, 19th September 2024: Halo re Halo! As the scent of joy and celebration fills the air, and the nation eagerly awaits the arrival of Navratri, Insider.in, is bringing forth a curated selection of the most spectacular events to soak in the spirit of Navratri right in your city. So, gear up to revel in the nine epic nights of Garba and Dandiya filled with vibrant live performances from popular singers, high-energy dhol beats, and an atmosphere of divine reverence accompanied by delectable cuisine, games, and much more. Grab your tickets on Insider.in before they sell out and make this Navratri an unforgettable ride of memories with friends and family!

Navratri in Maharashtra is all set to dazzle! Your very own events like ‘Radiance Dandiya’, and ‘Rangilo Re’ (with Parthiv Gohil) bring in the perfect blend of traditional Navratri with Mumbai’s unique vibe of glam and culture! The party doesn’t stop there— the ‘MBCA Dandiya Night’ is coming through with a 3-day, action-packed celebration! Also, ‘Boisar Raas Rang Season 3’ will be treating you with top-notch performances from traditional and contemporary artists, cultural displays, exquisite local cuisine and exciting giveaways.

Folks of Gujarat, it’s time to rock your ghagra-choli, kediyu, and kafni, and hit the grounds for some Garba with your gang and groove to the tunes of Sanne Do as the ‘Vadodara Navratri Festival’ returns for its 8th edition, bringing you the best of Gujarati culture and tradition.

Join the biggest ethnic Dandiya bash in Bengaluru with ‘Marathahalli’s BIGGEST DISCO DANDIYA NIGHT’. Pick up your fancy dandiya sticks and sway to the infectious beats and an explosion of festive flair!

Delhities, dive into the electrifying energy of ‘Rock N Dhol Shubharambh 2024’, the city’s ultimate Dandiya and Garba festival! Enjoy an incredible evening of dance, music, food, shopping activities, surprise appearances from your favourite social media stars and a lot more! Don’t miss out on the fun!

Apart from all these, you can pick from a myriad of sizzling Navratri events across the country, all set to enthral you! To make the celebrations even more exciting, Insider.in is offering up to ₹1000 off (T&C applied) on selected events. So, round up your squad and join the Jalsa where India grooves to Navratri’s rhythm!

With a legacy spanning over 25 years, KAFF has mastered the art of blending innovation, style, and performance — making them a trusted name in India’s kitchen appliances sector. And when you would want to witness the best of KAFF’s engineering, nothing makes a statement quite like KAFF’s Series Nordic of premium built-in gas hobs. The series gas hobs are the perfect embodiment of this legacy, offering both luxury and functionality in one sophisticated package.

Designed to turn heads, KAFF’s Series Nordic gas hobs bring a new level of elegance to any kitchen. With full brass burners, these hobs ensure uniform heat distribution, making every meal you cook a masterpiece. The frosted rock glass and crystal black glass finishes not only offer sleek, modern aesthetics but are also incredibly practical. These surfaces are easy to clean, ensuring your kitchen maintains its pristine charm after every use. And let’s not forget the added durability that comes from the stainless steel molded strip, which not only protects the front edge but enhances the overall premium feel of the hob.

Cooking should be a joy, not a stress, and KAFF has taken safety to heart with the Series Nordic. Every hob in this range is equipped with a Flame Failure Device (FFD) that automatically cuts off the gas supply if the flame is accidentally extinguished. This feature offers peace of mind for those with busy households or for anyone who values safety in their kitchen. Adding to the security, the heavy-duty cast iron pan supports provide rock-solid stability for even the largest cookware. These supports come with an integrated flame protector, giving you an added layer of protection against accidental flare-ups.

When it comes to control, the Nordic Series does not disappoint. The dual-colour metal knobs are not just a design choice — they offer precise control, allowing you to adjust the flame effortlessly to suit whatever you’re cooking. KAFF has also eliminated the need for lighters or matches by integrating electric ignition. With just a simple turn of the knob, you can ignite your burner instantly, making the entire cooking process smoother and more convenient.

No two kitchens are the same, and KAFF understands that. That’s why the Series Nordic comes in two sizes to cater to different kitchen layouts. The dimensions of the Series Nordic hobs are meticulously designed to fit seamlessly into your kitchen, offering a sleek built-in look. With models like MARMOR and CRYSTAL NOIR, available in two sizes each, you have the flexibility to choose the best fit for your space while ensuring that every feature is optimized for ease of use and performance. KAFF’s Series Nordic of premium gas hobs are more than just kitchen appliances — they are a lifestyle upgrade. Not to forget, they’re efficient, and infinitely more stylish.