Eco Club Members visited to NMC to Propose Green Wall Installations in small scale apartments across Nashik

Eco Club Members visited to NMC to Propose Green Wall Installations in small scale apartments across Nashik
DPS Nashik students take a strong step towards sustainable urban living

Nashik, 17th August, 2024: Nashik’s journey towards sustainable urban living took a significant step forward as students of the Green Wall team from Delhi Public School Nashik visited the Nashik Municipal Corporation (NMC) office on 2nd August 2024. They met with Shri Kalpesh Patil Assistant Director Town Planning Department, Nashik Mahanagara Palika, Nashik and the Deputy Commissioner, Ajit Nikat of Godavari Sanvardhan to present a proposal aimed at integrating green wall installations in upcoming small-scale apartment buildings across the city.

During the meeting, the green wall team members passionately discussed the environmental benefits of green walls, such as improved air quality, thermal insulation, and enhanced urban biodiversity. They emphasized the importance of incorporating sustainable practices into urban planning to address the challenges posed by rapid urbanization. The Town Planning Officer and the Deputy Commissioner responded positively to the proposal, acknowledging the potential impact of green walls on the city’s landscape and environment. They encouraged the club to collaborate with experts to draft comprehensive guidelines for implementing the initiative in Nashik’s urban planning policies.

This meeting marked a significant milestone in the Eco Club’s ongoing efforts to make Nashik a greener city, underscoring the importance of community involvement in environmental conservation.

This initiative was inspired by a simple yet profound question from a grade 3 student at DPS Nashik: “Why can’t I have plants in my apartment like I see at school or in the garden?” This query highlighted the issue of space constraints in small-scale apartment buildings and sparked a movement within the school.

The student’s wish led to a collaborative project among the grade 3 students, who decided to create a vertical garden or “Green Wall” in their friend’s apartment. With the support of their school director, Mr. Siddharth Rajgarhia, facilitator Ms.Shwetha V. the students collected plants, soil, and reusable plastic bottles to build the first green wall. This successful initiative didn’t stop there; the students went on to install seven more green walls in various apartments across Nashik.

However, the journey was not without its challenges. Convincing apartment residents to allow these installations required persistence. The students wrote letters, persuaded their parents, and repeatedly requested permission to bring their green vision to life. Despite the limited broader community response, these young changemakers remained determined to spread their green wall project throughout Nashik.

The Green wall team’s visit to the NMC office represents the next phase of this movement, aiming to extend the impact of their efforts citywide. What began as a child’s simple wish has now evolved into a city-wide initiative, with the potential to inspire other cities to follow suit and rethink their relationship with nature.

Manmohan Singh joins Angel One as Group Chief Risk Officer to strengthen the Group’s Risk Management

New Delhi, 16th August 2024: Angel One Ltd, a leading player in the fintech sector, is pleased to announce the joining of Manmohan Singh as Group Chief Risk Officer. Angel One considers risk management essential to proactively identify and address potential threats and vulnerabilities that could impact the organization. In this role, Manmohan will be instrumental in shaping and implementing the company’s risk management strategy. His appointment accentuates Angel One’s dedication to enhancing its risk management framework and insulating its operations from emerging risks and challenges.

manmohan singh

With over 25 years of experience in risk management, Manmohan will oversee risk management across all operations of the group companies. He will establish resilient protocols to protect the company’s interests and drive strategic growth. Furthermore, he will ensure that risk management strategies are seamlessly integrated into business processes, enhancing overall operational efficiency and safeguarding long-term success.

Mr. Dinesh Thakkar, Chairman & Managing Director, Angel One Ltd., commented, “We are thrilled to welcome Manmohan to our team. His vast expertise and proven track record in risk management will be pivotal as we strengthen our framework and drive strategic growth in today’s dynamic financial landscape. Angel One is dedicated to prioritizing clients and regulatory interest at the helm, and we are confident that Manmohan’s onboarding will bolster our efforts in this direction.”

Mr. Manmohan Singh, Group Chief Risk Officer, Angel One Ltd, said, “I am honored to join India’s leading fintech player and look forward to contributing to the company’s growth and success. My focus will be on fortifying the risk management framework and ensuring that we are well-positioned to navigate the emerging complexities of the financial sector to take Angel One to newer heights.”

Before joining Angel One, Manmohan served as Head of Enterprise Risk Management (ERM), Operational Risk Management (ORM) and Credit and Market Risk at Aditya Birla Capital Group where he was responsible for leading the ‘Centre of Excellence’ for overseeing such risks across all businesses, including lending, insurance, broking and mutual funds. He has been pivotal in enhancing risk management practices and driving strategic initiatives for the Group.

Manmohan also held the position of Chief Risk Officer at Fincare Small Finance Bank Ltd and Head – Enterprise Risk at IDFC FIRST Bank Ltd. He also led the Credit Administration Department for Wholesale Banking at Yes Bank Ltd.

Manmohan is a Chartered Accountant (CA), Financial Risk Manager (FRM) and holds a Diploma in Information System Audit (DISA).

Nishka Choraria: The Marketing Maverick Behind Crest Ventures’ Real Estate Success and Social Impact Initiatives

16 August 2024: Nishka Choraria, 29, serves as the Vice President of Marketing at Crest Ventures, a prominent non-banking finance company (NBFC) with significant operations in real estate and financial services and investments. In her pivotal role, Nishka has been instrumental in shaping the company’s brand presence through her new and innovative marketing strategies and consumer-centric engagement initiatives. Her dynamic approach has not only elevated the Crest brand but also strengthened its market position.

Nishka Choraria, Vice President of Marketing at Crest Ventures

Nishka’s leadership extends beyond marketing; she has been a driving force in the company’s corporate social responsibility (CSR) efforts. Her commitment to creating meaningful change is evident in the numerous impactful projects she has spearheaded, demonstrating that age is no barrier to making a substantial difference. Nishka’s blend of resilience and empathy has been crucial in fostering a culture of social responsibility within the organization, underscoring her belief that real change is achieved through persistent effort and a compassionate outlook.

In the realm of real estate, Nishka has significantly contributed to the success of numerous high-profile projects, including Phoenix Marketcity and Palladium in Chennai, One Crest, and Crest Greens in Raipur. Her industry knowledge and commitment to understanding specific markets have been critical in driving these projects to success. Nishka’s marketing strategies also highlight the environmental benefits of Crest Ventures’ developments, such as energy-efficient technologies and green building certifications, while also emphasizing the enhanced quality of life and long-term cost savings for residents.

One particularly noteworthy achievement is the recent launch of Crest Oaks, a landmark development in Marol that has set a new precedent for lush and luxurious living. Nishka has demonstrated that effective multi-faceted marketing goes beyond promoting properties; it involves creating and communicating a vision of a better lifestyle. Crest Oaks has not only met its sales targets but also attracted a discerning clientele that values community, wellness, and an upgraded quality of life, highlighting her belief in not just selling homes but creating communities where residents can flourish and thrive.

Nishka’s impact extends far beyond her professional achievements. Her commitment to social responsibility shines through her leadership in Empowering Villages Everywhere (EVE), an NGO she founded at the young age of 15. EVE’s mission is to uplift rural communities by providing essential resources and opportunities for growth. Under Nishka’s guidance, EVE has distributed over 500,000 solar lamps, study materials, and conducted numerous health camps, profoundly improving the lives of countless individuals.

Additionally, Nishka’s involvement with the Mumbai Center of Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) underscores her dedication to social impact. BMVSS, India’s largest institution for fitting artificial limbs, has benefitted from her efforts to distribute prosthetic limbs across remote locations in India through the Mumbai Center. Nishka’s work has enabled thousands of disabled individuals to regain their independence and self-worth, significantly enhancing their quality of life.

Nishka seamlessly integrates real estate innovation with social impact, driving transformative change both within Crest Ventures and in the broader community. Her dual focus on advancing sustainable real estate solutions and implementing impactful CSR initiatives underscores her commitment to creating lasting, positive change across all facets of the business.

Reflecting on her journey, Nishka shares, “I am just trying to do my best. Our mission is to leverage effective storytelling to drive transformative change in both the real estate sector and our social impact initiatives. By crafting and communicating compelling narratives, I hope to reach a broader audience while deeply resonating with them, inspiring collective action and fostering a lasting, positive impact on society.”

Centre For Sight Comprehensive Eye Care now in Bhiwani

Centre For Sight Comprehensive Eye Care now in BhiwaniBhiwani, 16th August 2024: Centre for Sight, a renowned eye care hospital known for its cutting-edge technology and trusted team of doctors, today announced the launch of its world-class eye care centre in Bhiwani. Launch of this new centre aims to provide super-specialized eye care services to the residents of Bhiwani and adjoining areas, eliminating the need to travel to metro cities.

The grand inauguration ceremony witnessed the esteemed presence of Shri Bhupender Yadav, Minister of Environment, Forest and Climate Change of India as Chief Guest along with Shri Ghanshyam Saraf, Member of Legislative Assembly, Bhiwani as the Guest of honour, among several other notable dignitaries and luminaries from various fields.

Speaking on the occasion, Shri Bhupender Yadav, Minister of Environment, Forest and Climate Change of India welcomed Centre For Sight to Bhiwani and expressed delight in witnessing the hospital significant advancements in technology, expertise, and infrastructure available to the patients, making it an ideal one-stop eye care destination. He also highlighted the significance of the hospital’s opening, marking a new era of eye care in Bhiwani and bringing quality and affordable eye care to the region.

Shri Ghanshyam Saraf, Member of Legislative Assembly, Bhiwani said “I am delighted to witness the launch of Centre for Sight in Bhiwani, which brings advanced eye care services to our region. This centre is a testament to the progress we are making in ensuring that every citizen has access to high-quality healthcare, right in their vicinity. The state-of-the-art technology and expert team at this facility will undoubtedly benefit many and help in reducing the burden of preventable blindness in our community.”

Preventable blindness encompasses a range of conditions, including cataracts, refractive errors, glaucoma, and diabetic retinopathy. The good news is that many of these conditions are not only treatable but also preventable through timely intervention and public awareness.

Dr. Mahipal Singh Sachdev, Chairman, and Managing Director of Centre For Sight Group of Eye Hospitals, emphasized the mission to bring affordable world-class eye care to every corner of India, as one-third of the world’s Visually impaired population resides in India. Centre For Sight, they firmly believe that every eye deserves the best, and they are dedicated to serving the people of India with compassion and excellence. Our belief and dedication to the cause of eye health for all has been instrumental in bringing Centre For Sight to Bhiwani.

Dr. Mahipal, shared that the Smooth Incision Lenticule Keratomileusis (SILK) procedure offers new hope for myopia patients, allowing them to achieve clear vision without the need for glasses or contact lenses. It is a matter of pride that Indian ophthalmologists have contributed significantly to the development of this latest technology, which is now available at select centres across India.

He added, “At the Centre for Sight, we are proud to have been the first site in the world to perform SILK. This is testimony to the presence of Indian Ophthalmology at the World stage. Most of the early clinical data for this technology has been contributed by Indian Centres including Centre for Sight. We are proud to launch this technology in India and at Centre for Sight.”

With a network of 75+ locations spanning over 30 cities in India, Centre For Sight now extends its premium eye care services to Bhiwani. The centre specializes in providing comprehensive ophthalmic services, from advanced cataract solutions to glaucoma treatment, and a range of complex surgeries, all under one roof. Additionally, the centre will conduct Comprehensive Eye Check-Up camps for the local residents and house an optical wing, CFS Vision, providing complete eyewear solutions.

Equipped with state-of-the-art technology, the centre offers world-class eye care services. The advanced Micro-Incision Cataract Surgery (MICS) with phacoemulsification (phaco) is followed by the implantation of advanced lenses such as trifocal, multifocal, toric, EDOF, and advanced design intraocular lens (IOL). This stitchless, bloodless, and painless procedure ensures quick healing and post-operative recovery.

The group is actively involved in research and innovation in the field of eye care. Their commitment to advancing knowledge in ophthalmology has led to the development of new surgical techniques, treatments, and technologies that benefit patients worldwide.
Spread over 6500 sq ft., the Centre boasts Four consultation chambers and state-of-the-art modular operation theatres, providing a seamless and technologically advanced eye care experience.

Human Flag, a unique way to celebrate the 78th Independence Day

Hyderabad, August 14, 2024….Lodge Keys No 297, a primary unit of 3000 years old global organisation, Freemasonry organised a unique celebration of 78th Century Independence Day

HUMAN FLAG FORMATION BY LODGE KEYS NO 297_ A PRIMARY UNIT OF FREEMASONRY TO CELEBRATE INDEPENDENCE DAY UNIQUELY 007

To mark the occasion, celebrate the same and inspire fellow citizens they embarked on a unique initiative called ‘Human Flag’

Its members with families numbering about 40 formed a Human Flag with the men dressed in saffron, ladies green, children and others dressed in white kurtas and made a huge human flag.

All members gathered at Goshamahal Baradari Masonic Building on Wednesday morning and formed a Human Flag and the same was captured.

HUMAN FLAG FORMATION BY LODGE KEYS NO 297_ A PRIMARY UNIT OF FREEMASONRY TO CELEBRATE INDEPENDENCE DAY UNIQUELY 004

We have embarked on this initiative to celebrate this Independence Day uniquely said Radhey Shyam Tiwari, the President (Worshipful Master) of Lodge Keys.

The members who participated include Radhey Shayn Tiwari, Kalpana Tiwari, Shlok Tiwari, Proddaturu Veerabhadrudu, Proddaturu Sunitha, Madhusudhan Bojja, Anitha, D. Ramchandram, Kalpana, Y. Lakshminaryana, PS. Ramesh, Perla Prabhakar, Vijay Kailash Beerwal, Kiran Kumar Methuku, Jyothi Methuku, Nagaraju Bandameeti, Praful Sahgal, Shradda Bandameeti, Arun Selgam, Mayurika Selgam, Sreenivas Gunda, Meena Ramesh, Katakam Sai Sukrant, I. Koteshwar Rao, Vijay Saradhi and others.

The Rise of Real Estate in Thane & Kalyan: Quality, Sustainability, and Affordability

By Deepak Mehta, Director of Mehta Group

14th August 2024: Mumbai is called the Financial Capital of India, but the two nearby cities, Thane and Kalyan, considered to be the distant suburbs of Mumbai, have undergone a remarkable transformation over the past decade. Thane has evolved as the most perfectly balanced metropolitan city in India, with its rapid industrial as well as infrastructural development. These two markets are becoming the new hub for home buyers and developers to invest. The ease of connectivity, job opportunities, the metro station, Highway Connectivity, and the Mumbai trans-harbor link have made Thane one of the most resilient markets in MMR.

On the other hand, Kalyan, the founding city of MMR, has been shortlisted to develop as a Smart City. The Mumbai Metro Line, Kalyan Ring Road, and the revamp plan of the railway junction have boomed the residential demand. With this tremendous growth, the Thane and Kalyan Market is known for its affordable, sustainable, and high-quality homes. These elements have shaped the market dynamics and attracted both developers and homebuyers to this burgeoning city.

Quality

Redevelopment Projects: Quality housing goes beyond the mere provision of shelter. It includes safe, durable, and energy-efficient structures that improve residents’ quality of life. Many old buildings in Thane and Kalyan are undergoing redevelopment to ensure the quality of well-being.

Premium Amenities: Thane has seen a surge in demand for lifestyle-oriented residential projects. Homebuying has become attractive for middle-income buyers as they get sophisticated living experiences and get to upgrade their living standards. Developers focus on innovative design, functional efficiency, and modern amenities tailored to all age groups. Apart from this, the developers have ensured to meet the safety standards making it a safer living for the home buyers.

Sustainability

Sustainability in housing involves designing and constructing homes that minimize environmental impact and maximize energy efficiency. All the new projects are evolving with sustainability for a better future with a healthy environment.

Eco-Friendly Housing Projects: There is a rising trend of incorporating green features such as rainwater harvesting systems, solar panels, and energy-efficient designs into real estate projects in Thane.

Sustainable Design in Commercial Real Estate: The commercial real estate market also emphasizes sustainability, with developers incorporating green technologies and sustainable design features in new buildings

Affordability in Housing

The sudden surge in demand due to affordable housing projects with world-class amenities has become a dream come true for home aspirants. Thane offers various budget-friendly homes that cater to middle-income families, making it a favorable option for first-time homebuyers. Developers are creating projects that provide affordable luxury, combining quality living with cost-effectiveness.

Government Initiatives and Policies: Various government policies, such as the cluster policy and TDR policy, alongside infrastructure development projects, have made it easier for developers to build affordable housing, thereby attracting more investment in the area.

Quality, sustainability, and affordability are interlinked components of a holistic approach to housing. Thane and Kalyan’s real estate market has prioritized these aspects, to create homes that not only provide shelter but also enhance the well-being of residents, reduce environmental impact, and ensure economic stability. With the real estate sector witnessing this positive shift, these two markets will continue to attract significant investments and maintain their upward trajectory in the coming years. It has underscored Thane and Kalyan’s potential as a real estate hotspot.

One Point One Solutions achieves record Q1 FY25 performance with significant growth across key financial metrics

Mumbai, August 14, 2024: One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced its financial results for the first quarter ending June 30, 2024, demonstrating exceptional performance across key financial indicators.

Financial Performance 1

Revenue: Grew to ₹61.15 crore in Q1 FY25 from ₹52.36 crore in Q4 FY24, marking a 16.79% sequential growth and a substantial 71.12% year-on-year increase from ₹35.73 crore in Q1 FY24.

EBITDA: Increased to ₹17.84 crore in Q1 FY25, up from ₹15.53 crore in Q4 FY24, representing a 14.87% growth and a 39.27% rise compared to ₹12.81 crore in Q1 FY24.

PAT: Rose to ₹7.60 crore in Q1 FY25, up from ₹6.66 crore in Q4 FY24, reflecting a 14.13% sequential increase and a 75.93% year-on-year growth from ₹4.32 crore in Q1 FY24.

Business Highlights:

• Increased the authorised share capital from Rs 50 crore to Rs 70 crore and an issuance of equity shares and warrants

• Signed a non-binding term sheet to purchase 100% stake in a BPO firm in Latin America

• Secured a strategic client win with a pioneering medical device company based in Tampa, Florida, USA

• New clients signed include, one of India’s largest integrated power companies and a leading NBFC, dedicated to providing customer centric financial solutions

• One Point One Solutions Limited (OPOSL) subsidiary, ITCube Solutions won a prominent global client specialising in combatting brand threats through cutting-edge AI-driven tools

Management Comment:

Commenting on the results, Mr. Akshay Chhabra, Managing Director said:

“We are thrilled to report a record-breaking start to FY25, with exceptional growth in revenue, EBITDA, and PAT. This performance is a testament to our unwavering commitment to delivering value to our clients through cutting-edge BPM solutions and a strategic focus on operational efficiency. The strong momentum from this quarter provides a solid foundation for sustained growth throughout the year.”

Mr. Chhabra added, “Our efforts in business transformation, leveraging Generative AI and Robotic Process Automation (RPA), are beginning to yield significant results. We are particularly excited about our first acquisition this year, which strengthens our presence in the North American market. This strategic move will accelerate our growth in the American region and adds new verticals in healthcare, finance & accounting, and IT software development, positioning us as a full-stack player in the industry. We remain confident in our ability to continue driving substantial value for our shareholders while expanding our leadership in the BPM sector.”

The Financial results for the quarter ended June 30, 2024 are available in the Investor Relations section of our website www.1point1.com

About One Point One Solutions Ltd.

One Point One Solutions Ltd is a full-stack solutions provider across BPO, KPO, IT Services, Technology & Transformation and Analytics. Over the last two decades, the company has established its expertise in offering comprehensive solutions across technology, accounting, skill development and analysis to clients in a wide variety of sectors. Following the recent acquisition of- ITCube Solutions Pvt Limited, One Point One Solutions has consolidated its solutions in the IT, BPM and KPO domains. The company now has centres in Pune and Cincinnati, Ohio apart from its existing ones in Navi Mumbai, Gurgaon, Chennai, Bangalore, Indore and Pune. One Point One USA Inc, the organization’s wholly-owned subsidiary in Delaware in the United States marks its international foray while in the acquisition of ITCube Solutions has already strengthened its presence in England, Netherlands, Germany, Kuwait Oman m UAE, Qatar, India, Singapore and Australia, apart from the USA.

Led by Founder-Chairman Akshay Chhabra, the company serves a broad spectrum of industries including Banking and Finance, Retail and E-commerce, Consumer Durables & FMCG, Travel & Hospitality, and Insurance & Healthcare. A 5600+ strong team focused on providing efficient services caters to the company’s growing clientele.

The company’s services include Organisations, Customer Services, Sales, Collections, Construction Bid Management, Medical Record Retrieval and Summarization, Tech Helpdesk, BackOffice, Accounting, Litigation, Recruitment, Design and Development among others. By leveraging next-gen technologies including GenAI and intelligent automation, the organisation has been able to develop and deploy innovative solutions that have delivered considerable value to the company’s 50+ clients.

Enakshi Priyam Appointed as Chief Operating Officer at Assotech Group, a Leading Real Estate Innovator

13 August 2024 – Assotech Group, a pioneer in real estate innovation with over 38 years of excellence, proudly announces the appointment of Enakshi Priyam as its new Chief Operating Officer, effective July. Enakshi brings a wealth of experience and expertise in finance and operational leadership to her new role.

Armed with a Bachelor’s degree in Finance from Durham University, UK, Enakshi has been an integral part of Assotech for the past 7 years. Her tenure has been marked by transformative contributions, including the establishment and enhancement of Assotech’s legal department, and successful leadership of the NCR division over the last 4 years.

“Enakshi Priyam’s appointment as Chief Operating Officer underscores Assotech Group’s commitment to operational excellence and strategic growth,” said Mr. Sanjeev Srivastva, Chairman & Founder of Assotech Group. “Her demonstrated leadership, combined with her deep understanding of our business and industry, will further strengthen Assotech’s position as a leader in the real estate sector.”

enakshi

Enakshi Priyam expressed her excitement about her new role, stating, “I am honored to take on the role of Chief Operating Officer at Assotech Group. I look forward to leveraging Assotech’s strong foundation and reputation for innovation to drive our mission of delivering superior quality and innovative real estate solutions. Together with our dedicated team, I am committed to advancing Assotech’s legacy of excellence and setting new benchmarks in the industry.”

Assotech Group continues to expand its portfolio with residential, commercial, and hospitality projects across multiple states. Enakshi Priyam’s leadership is poised to enhance Assotech’s reputation as a forward-thinking organization dedicated to sustainable growth and customer-centric innovation.

With nearly 75% share in H1 2024, occupier interest growing in green office spaces

Bengaluru, 13 August 2024: With an unwavering focus on sustainable built spaces, occupiers’ preference to lease in green certified buildings has gained momentum in key office markets across India. During Q2 2024, about 13 mn sq ft of office space in the top six cities has been leased in green-certified buildings. This represents a 24% YoY increase and accounts for an impressive 82% share in overall leasing during the quarter. This rapid growth is an indication of the rising awareness amongst corporate occupiers with respect to the role that built structures have to play in containing issues related to climate change through reducing carbon footprint. The share of Bengaluru followed by Mumbai remained significant, together accounting for over 50% of the leases in green-certified buildings in Q2 2024. Interestingly, of the 13 mn sq ft of leases signed in green buildings, about 60% were in relatively newer developments which have come in the last 5 years.

Currently, LEED, GRIHA and WELL are some of the prominent green certifications available in the Indian market, which validate buildings as ‘green’ by assessing various parameters including energy consumption, waste generation and alignment of design with health and wellness aspects. Real estate developers are increasingly aligning their offerings with global sustainability standards, simultaneously presenting various tangible benefits to their tenants including lower operational costs, improved indoor air quality and enhanced employee productivity.

Technology and Engineering & Manufacturing companies at the forefront

About 80% of leasing by technology and engineering & manufacturing firms since 2023 were in green-certified buildings. Moreover, it is noteworthy that 62% of the flex players prefer space take-up in green-certified buildings. Overall, at an India level, technology sector accounted for about 27% share in the cumulative space take up in green-certified buildings since 2023, followed by occupiers from Engineering & Manufacturing and BFSI sectors with about 19% share each.

“Over the last few quarters, developers, investors & occupiers in the office market have increasingly embraced adoption of sustainable elements in their portfolios. With 13 mn sq ft of leasing in green- certified buildings in Q2 2024, a significant 82% of occupiers were inclined towards green-certified buildings. This also reflects occupiers’ strong commitment to align their sustainability goals with the broader sustainability targets of the country. Since 2023, about 70-80% of the space uptake by Engineering & Manufacturing, Technology and BFSI players has been in green-certified buildings. The trend is expected to further accelerate in the next few years. Moreover, SEBI’s mandatory sustainability reporting further provides a thrust to occupiers, investors and developers to increasingly consider green portfolios while meeting their ESG targets, “says Arpit Mehrotra, Managing Director, Office services, India, Colliers.

More than two-thirds of Grade A office stock in India is currently green certified

In tandem with the rise in demand for green-certified building, green building stock is also seeing an increase. According to Colliers, as of June 2024, about 67% of the Grade A office buildings across the top six cities were green certified. Bengaluru and Delhi NCR account for about half of the green office stock in the country. Of the 13.2 mn sq ft of new Grade A office completions in Q2 2024, almost 70% are green-certified. In the next two-three years, majority of the over 150 mn sq ft Grade A office developments in various stages of construction across the six major cities are likely to be green certified, expanding Grade A green stock to over 600 mn sq ft.

“With increased inclination amongst occupiers for green-certified buildings, several Grade A developers are increasing sustainable offerings in their commercial portfolios. During the second quarter of 2024, almost 70% of the new supply was green-certified. With growing demand, developers are also retrofitting ageing office stock and incorporating sustainable elements in overall building design & construction. About 300-350 mn sq ft of commercial building stock older than 10 years hold the potential to get refurbished in the next few years and add to the green-certified office stock of the country.” says Vimal Nadar, Senior Director and Head of Research, Colliers India.

BAYSIDE CORPORATIONS Partners with ICCPL, Aims to Achieve a GTV of INR 500-700 Crores in FY 24-25

13th August 2024: BAYSIDE CORPORATIONS (BCS), a leading name in luxury real estate consultancy with a strong presence in Goa and Chandigarh-Tricity, has announced a strategic partnership with Integrated Centre For Consultancy Pvt. Ltd (ICCPL), a renowned PR firm specializing in real estate. This collaboration aims to generate a Gross Transaction Value (GTV) of over INR 500-700 crores in FY 24-25.

Under this partnership, BCS will be responsible for converting leads into actual sales, while ICCPL will handle marketing and lead generation for luxury properties. The joint effort targets luxury housing markets in Goa and Chandigarh-Tricity, with plans to market and sell over 16 projects in both regions. The portfolio includes properties ranging from Rs 3 crores to Rs 15 crores, including 3BHK units to 1-acre farmhouses.

An official spokesperson for the partnership stated, “The Indian luxury housing market is expanding rapidly, extending beyond metros to major tourist destinations like Goa and emerging cities such as Mohali and Panchkula. With this potential, it is crucial to have organized and structured brokerage firms to consolidate smaller brokers and amplify sales in these markets.”

The spokesperson added, “Through this strategic partnership, we aim to build a robust network of independent investors, brokers, and professionals interested in investing and earning from real estate.”

ICCPL is a diversified media and communications firm with a strong presence in Northern India, as well as cities like Mumbai, Bengaluru, and Goa. The firm is also a leading digital marketing agency through its wholly-owned subsidiary DIGICOMM and handles marketing designs through its subsidiary STUDIO 360. ICCPL was a pioneer in the proptech segment with the launch of FIND MY CO-WORK (FMCW) in 2018, which was later integrated with one of its subsidiaries.

On the other hand, BAYSIDE CORPORATIONS (BCS) has been a prominent player in the luxury real estate market in Goa since 2021 and expanded into Tricity in 2024. Recently, BCS made headlines with plans to hire over 400 employees in FY 24-25.