Author: RM Bureau

KONE introduces Health and Wellbeing Solutions for Lifts & Escalators

KONE Elevator India, a wholly-owned subsidiary of KONE Corporation, has introduced a suite of people flow solutions to help buildings and cities be safer and healthier places to live, work, and commute. The solutions are built on KONE’s deep expertise and knowledge of people flow, which is vital when addressing the challenges of adapting to a new way of life in the face of the current pandemic. As...

91springboard re-opens 12 co-working spaces across India

91springboard, one of India’s pioneer coworking spaces, has re-opened 12 of its 27 co-working spaces across India. These 12 office spaces are located in Delhi NCR, Gurgaon, Noida Bengaluru, Hyderabad, and Goa.  The rest of the 15 office spaces will reopen soon based on government advisories and 91springboard’s own assessment of health and safety. Anand Vemuri, CEO, 91springboard said, “ We are hap...

Flipspaces launches REBOOTSPACES to reinvent commercial interiors in the post COVID world

The Commercial design and build venture has launched a cutting-edge product and service suite to help businesses tackle COVID-19 while resuming their operations  The brand has also launched its work from home range to help brands create aspirational Home Offices for their teams Flipspaces, India’s leading commercial interiors venture has launched REBOOTSPACES, a line of products and services that ...

Shriram Properties partners SLV Infra to expand plotted development portfolio

Shriram Properties Limited (SPL), announced a further expansion of its plotted land development portfolio through a strategic partnership with SLV Infra Projects, which is engaged in plotted land development in Bangalore. This partnership will start with the launch of a ready-to-construct plotted development project off Magadi Road Bengaluru, under the brand name of “Raynal Gardens”. Starting at j...

(Re)searching the post-COVID-19 real estate landscape

– by Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants In a world drastically changed by COVID-19, the Indian real estate industry must move on, rebuild, reinvent and reimagine its future. Thanks to a microscopic virus, the world has become more connected, but the business landscape ahead is opaque and uncertain at best. Across industries, research teams hav...

Real Estate needs well-planned incentives from the Government: Ravi Saund

The current COVID19 pandemic has impacted the lives of millions of people across the globe. Many economies have also been impacted due to the lockdown called to prevent Corona Virus spread. India and its economy have also been hit hard. And one of the worst-hit sectors in India is the real estate and infrastructure; the pain was already there which got prolonged now. Can there be a way out? What t...

CREDAI seeks RBI’s intervention for Relieving Borrowers’ Pressure

CREDAI, the apex developer’s body has written a letter to Sh. Shaktikanta Das, Governor, Reserve Bank of India requesting to pass on the benefit of reduction in repo rates and reverse repo rates to NBFCs and HFCs. CREDAI Letter to RBI During the current crisis emanating from the COVID-19, RBI has announced various measures to infuse liquidity in the system, however, the real estate sector has not ...

Xanadu Realty announces order-book of INR 450 crore

As the economy acclimatizes to the post-COVID world, Xanadu Realty, one of the true pioneers of the Indian real estate sector, sets to restart its operations with a new objective. The organization has laid out a foundational approach to get back to business as usual and intends to target customers in five different markets across eight different projects, to achieve INR 450 Cr in order book over t...

COVID-19 – The Opportunity for NRI Real Estate Investors

– by Shajai Jacob, CEO – GCC, ANAROCK Property Consultants The writing is on the wall – the world is dealing with an unprecedented demand contraction. Buying decisions are being deferred and the major reason is financial insecurity. ANAROCK’s recent consumer sentiment survey showed that the major reason for postponed homebuying decisions is the fear of job loss or future unemployment. Global...

Re-connecting through Art during Corona Virus Lockdown

– by Meena Murthy Kakkar, Design Head & partner, Envisage Looking back to a few months ago, our world was running at a breakneck pace and we were struggling to keep up with it. We were running against time to meet deadlines, competing against our peers, and fighting to meet personal and professional goals. Our mental space revolved around our achievements and centered on numbers; busines...

Its time for the Banks to cut the lending interest rates and lower the EMIs

– by Santosh Sinha The real estate sector has, once again welcomed Reserve Bank of India’s decision to revise the Repo Rate and Reverse Repo Rate. The central bank, in its third presser since the COVID19 lockdown, announced a 40-bps cut in the Repo Rate, bringing it down to 4%. Simultaneously, for the second time in a month, the reverse repo rate has also been slashed by another 40-bps and n...

Aide et Action converts 19 iLEAD centres to help stranded migrants

Amidst the continuing fight against the COVID-19 pandemic, Aide et Action is supporting migrant workers by converting 19 iLEAD skills development centers in India into ‘Information and Resource centers’ at Gurugram, Pataudi, Sohna, Bilaspur, Jaipur, Udaipur among others.  The concerned person of each center will facilitate access to resources and services for the benefit of migrant workers. Beside...

Updating India’s Land Laws to Spur Economic Growth

– by Anuj Puri, Chairman – ANAROCK Property Consultants As India continues to confront the COVID-19 crisis, there are also opportunities to not just weather the crisis but also revive economic growth. One of the ways to do this is by urgently resolving the impediments in the country’s land regulations, as this is a primary means to attract global manufacturers and businesses. India’s s...

Mahindra Lifespaces appoints Arvind Subramanian as MD & CEO

The Board of Mahindra Lifespace Developers Ltd. in its meeting on May 14, 2020, approved the appointment of Mr. Arvind Subramanian as Managing Director & Chief Executive Officer of the company with effect from July 1, 2020.  He will succeed Ms. Sangeeta Prasad who, after a distinguished career of over eleven years with the Mahindra Group, has decided to pursue other interests and had tendered ...

Will CLSS Push to Affordable Housing Boost Real Estate Demand

– by Santosh Sinha Giving an extension to the Credit Linked Subsidy Scheme (CLSS) by the Finance Minister Nirmala Sitharaman by a year till March 31, 2021, is indeed welcome news for the real estate sector. It directly impacts the affordable housing segment. Developers expect this move will encourage demand for affordable housing which is, otherwise, lying low for quite some time. “The exten...

Atmanirbhar Bharat: Is this the end of fund crunch for real estate?

– by Santosh Sinha In continuation of the Rs 20 Lakh Crores relief measures announced by PM Narendra Modi, FM Nirmala Sitharaman on Wednesday (May 13) laid down the first set of details. Along with other major announcements, she also announced relief to real estate developers by extending the deadline for completion of projects by up to six months in the wake of the COVID-19 outbreak. She as...

Corporates expect economic normalcy to take nearly 17 months

A fortnight after it released a survey on consumer insights, TRA Research, a consumer insights and brand analytics company today released its second report “TRA’s Coronavirus Corporate Insights 2020”, a whitepaper from a research conducted across 16 cities with 101 corporate respondents from 8th April to 4th May 2020. The TRA survey indicates that corporates, on average, perceive it wi...

How COVID-19 Is Changing Real Estate Brokerage

Even as lockdowns are gradually being lifted to aid economic recovery, both property sellers and buyers will remain wary of doing things the old way. Real estate broking firms across the globe now rely heavily on technology to continue doing business to the backdrop of a major pandemic with no clear end in sight. Real estate is fundamentally a people business based on relationship-building –...

ReNew Power wins India’s first round-the-clock renewable energy tender

ReNew Power, India’s largest renewable energy company was declared the winner of India’s first e-Reverse Auction for 400 MW RE (Renewable Energy) Project with round the clock supply. Renew Power won the bid on the first-year tariff of  ₹ 2.90/kWh with a 3% annual escalation for the first 15 years of the 25-year term of the Power Purchase Agreement (PPA). The bidding was conducted by Solar Energy C...

Kamdhenu Paints continues distributing essential items in Jammu

Kamdhenu Paints, a leading manufacturer of high-quality paints in the country is continuing its outreach to the public during these challenging times. The Kamdhenu Team had been doing a commendable job of reaching out and distributing essential items to those in need. The outreach by Kamdhenu Paints is a continuous process and will provide essential items to more people as the lockdown condition c...

A.O. Smith India announces launch of #AOSmithCares Challenge

– Company will donate Rs 500 to PM Cares Fund for each pledge and contribution In an effort to applaud the work of the people who are helping and reaching out to communities during these trying times and to extend support towards the crusade against COVID-19, A. O. Smith India, a leading water heater and water purifier company, has announced the launch of its campaign, #AOSmithCares Challeng...

COVID-19 Era: Wellness-Centered Real Estate in Focus

– by Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants As evidenced by ANAROCK’s recent COVID-19 edition of its consumer sentiment survey, homebuying sentiment is on a distinct rise. The world we live in has suddenly been sharply redefined. In times of unprecedented job insecurity, rent is a burdening expense, property ownership is a vastly more attrac...

Role of luxury interiors in real estate

– by Pooja Ashley & Arbaysis Ashley, Co-founders, Ashleys The silver lining of luxury creates an indulging experience, a state of comfort, elegance, and status. Gone are the days when luxury was a mere perk offered at star hotels or a rarity found in an expensive royal palace. The luxury lifestyle, today, is nothing but a contented part of a routine lifestyle, part of a much wider spectr...

Investors Clinic hands over Disinfection Tunnel to Noida Police

Investors Clinic (IC), the leading real estate consulting company is committed to fighting against COVID 19. The company announced that it has handed over a Disinfection Tunnel to Sector 135, Noida Police Station. Earlier, Investors Clinic has also offered 100 rooms in its project Beetle Lap for the quarantine facility. On a weekly basis, the company is contributing grains to local staff for distr...