Archive: December 30, 2022

Year-End Real Estate Review and Outlook for 2023– Mr. Pritam Chivukula,

By – Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Treasurer, CREDAI-MCHI

Sector performance in 2022

The year 2022 started on a good note for the industry as the homebuyers took advantage of the relatively low home loan rates and closed their property deals. The low-interest rates, therefore, set a path for the property owners and developers. As the impact of the pandemic started receding, new launches were back in the market as the industry saw expanding interest in bigger homes with the predominant work-from-home and hybrid work culture, wherein the units with additional room and decks arose as the best-performing classification.

Post the pandemic, the industry started growing in terms of robust sales numbers along with new improved launches as the homebuyers were back visiting the properties physically for inquiries. The need for possessing a home, and low home loan costs alongside different payment plans from developers helped the property purchases throughout the year record the highest property sales. People who generally opted for rental as a choice began searching for a getaway from a deep-rooted rental web and understood the significance of possessing a home. These elements assist in boosting the sentiments of the homebuyers and were the key to driving the overall real estate demand.

Outlook for 2023

Various supply and demand patterns assessed over the last decade have already started putting upward pressure on residential property prices. Therefore, we will continue to urge the Government to extend further relaxations and beneficial incentives that will only help better the sector in 2023. Incentives like lower stamp duty and lesser premiums have benefitted homebuyers in the past as well. Residential sales momentum is expected to continue in 2023 as prospective homebuyers’ preferences for bigger homes, better amenities and attractive pricing will keep them interested to seal the deals. The reputed and trusted developers shall be witnessing comparatively better sales in the mid-income & affordable housing segments and shall continue to dominate in 2023 as well.

M3M Foundation distributes warm clothes to over 20,000 migrant workers and the homeless as a part of the ‘Share for Care’ initiative

Gurugram, December 2022: Celebrating New Year with the families of migrant workers and the homeless, the M3M Foundation distributed over 20,000 warm clothes and blankets under the ‘Share for Care’ initiative in Gurugram.

The distribution of blankets & sweaters to people who spend their nights on the sides of the road. The distribution was done at different locations of Delhi NCR which includes the Bus stand of Sheetla Mata Mandir, Iffco Chowk, Sec-4 Basai road, Patodhi chowk, Sohna road Sec-83,84, Miracle Garden, Mangar Land site, Vatika Chowk sec-55,56, NHS to Patodhi road, Sec-86, Rajender Park, Gurgaon Faridabad Road, sec-65, Roadside Slums, Sec-89, Sec-113, Wazirabad road, Village Tigra and Chamanpura Village.

The Earth Saviours Foundation, Guru Vishram Vridh Ashram, and Bhai Kanhaiya Manav Sewa Trust, among others, collaborated with the foundation to donate sweaters and blankets. The distribution drive was also conducted with the support of M3M Corporate teams, DC Office Gurugrm, Haryana CSR trust team, Ms. Anika Bansal, Mr. Piyush Bansal, Mr. Yashpal Yadav, Mr. Amit Raj, Ms. Kanchan Madan, Mr. Davinder Singh Malik, Mr. Navdeep, and the foundation team.

The week-long annual donation drive had been active at various locations where the migrant population is there in Gurugram and Delhi NCR and supported people to ease their hardships during the harsh weather conditions. A total of 15,000 sweaters and 5000 blankets were donated to those in need.

A migrant worker said, “I thank M3M Foundation for supporting us in these difficult times. It becomes extremely difficult, especially for women and children at night. These warm clothes will be of great use to us.”

“Happiness comes from helping others, by being with others in the time of crisis. Thousands of candles can only be lit with a single candle through sharing. “Share for Care” initiative under our program Kartavya is a step forward for spreading joy through helping those in need,” said Dr. Payal Kanodia (Trustee, M3M Foundation).

M3M Foundation, under its ‘Kartavya’ program, eases people’s suffering and supports communities in times of crisis. The “Share for Care” initiative is a part of this program.

It is to be known that the “Share for Care” initiative is an effort towards sharing happiness and the initiative was initiated by M3M Foundation’s founder Late Sh. Lal Chand Bansal Ji and is continued for many years now.

M3M Foundation, the philanthropic arm of M3M Group, is working towards equitable development with a vision of a brighter India. Its main areas are education, environment, health, disaster management, and socio-economic development. The Foundation believes in adopting an innovative approach to address social issues by developing a self-sustaining program.

Other than Kartavya, M3M Foundation’s “iMpower” program is an initiative for the holistic development of the families of migrant workers. “Lakshya”, is a program to nurture young talent in sports, especially amongst marginalized sections of society. “Sankalp” is an initiative towards environment conservation. Committed to ensuring youth entrepreneurship and employability through “Kaushal Sambal.” Tapping SDG-4, addressing the core issue of inaccessible and unaffordable education through “Saakshar.” “Mashaal” is an initiative to create change makers aligned with SDG 2030. A step towards integrated village development and empowerment through “Sarvoday.”

New Year’s Eve Celebrations at Hotel Sahara Star

Mumbai, December 2022- Welcome the New Year with great energy and cheerful memories with delectable delights specially curated by our culinary masters at Sahara Star.

New Year’s Eve Celebrations at The Earthplate

Enjoy your New Year’s Eve celebration while you savor flavors that will surprise and delight your palate with a specially curated buffet showcasing offerings from across the globe accompanied by regional and international live counters. Paired with this extensive buffet is an unlimited select beverage collection for the night. Let your heart out on the dance floor with your favorite tunes this New Year.

New Year’s Eve at Namak

The team at Namak offers a four-course medley of delicacies filled with Awadhi and Hyderabadi flavors. Accompanied by exciting desserts and select beverages, Namak creates a truly fulfilling experience for you and your family this New Year. Dance to the beat of the in-house DJ and welcome the new year.

New Year’s Eve at Mabruk

Count down to the New Year in style at the iconic award-winning restaurant Mabruk which captures the culinary odyssey that flourishes through the Mediterranean coasts. With a delightful view of the magnificent tropical lagoon relish an extensive buffet featuring signature dishes hand-crafted by Chef Jihad-al-Chami paired with premium spirits. Dance to the beat by the in-house DJ, in a luxurious and elegant ambiance.

New Year’s Eve at EAST

Bask in EAST’s breathtaking, Asian-inspired design and usher in the New Year by tantalizing your taste buds with a delightful festive buffet menu at EAST. Dance to the beat by the in-house DJ, in an elegant ambiance.

New Year’s Eve at Ocean – Private Dining Room

Explore a private luxury dining experience this New Year’s Eve at the mesmerizing ocean Private dining room with family and friends. With a specially curated menu, premium alcoholic beverages, and a personalized message service by the Scuba diver, surrounded by an exorbitant background of oceanic treasures.

New Year’s Eve Room Stay Packages:

Celebrate the festive season in the lap of luxury and make this a magical and unforgettable experience with this season’s packages available from 31 December 2022 through 1st January 2023.

Starting from Rs 19,000 plus taxes per room, per night on single/double occupancy

NEW YEAR’S EVE RESTAURANT CELEBRATION PACKAGES:

The Earthplate: Rs. 7000 plus taxes per person – Multi-Cuisine Buffet with select alcoholic beverages
Namak: Rs. 7000 plus taxes per person – Four Course set menu with select alcoholic beverages
Mabruk: Rs. 8500 plus taxes per person – Buffet menu with premium alcoholic beverages
East: Rs. 7000 plus taxes per person – Buffet menu with select alcoholic beverages
Ocean- Private Dining Room: Rs. 110,000 plus taxes includes a customized set menu and premium alcoholic beverages for a maximum of 10 people
New Year’s Day Brunch at Earthplate:

On New Year’s Day, wake up to a grand Brunch in a joyful ambiance to share the spirit of the holidays for you and your loved ones. Indulge in the festive buffet spread with the multi-cuisine offerings along with decadent choices for dessert and mesmerizing live music.

Date: 1 January 2023

Time: Noon to 4.00 pm

DoubleTree by Hilton Pune Chinchwad welcomes you to a sparkling NYE party

Pune, December 30, 2022: It’s time to raise a toast to new beginnings as we look forward to ringing in the new year with much verve and excitement to make it special DoubleTree by Hilton Pune Chinchwad welcomes you to their New Year’s Eve party! An evening under the starry sky filled with bubbly conversations, and some appetizing food.

This year, DoubleTree by Hilton Pune Chinchwad looks forward to hosting you for an unforgettable NYE party as they have an array of options lined up for your entertainment. From specially curated meals to groovy music which will have you dancing the night away, to delicious beverages, and much more! There is a little something for all.

If a quiet dinner with your loved ones is something you’re looking for then their in-house restaurant, 3 Spices is just where you want to be. This chic, buffet-style restaurant will be serving some soulful, heartwarming local and international specialties this NYE. Known for featuring some irresistible and delicious preparations and for having an extensive selection of wine and spirits, 3 Spices will certainly elevate your dining experience this NYE!

Level 12, popular for its panoramic view of the city, this rooftop resto-lounge is widely loved by those who like to celebrate special moments under the moonlit sky and enjoy a starry night. And if NYE is not the time to soak in this view, then when! Ring in the NYE with your friends and family at this breathtaking rooftop resto-lounge to spice up your party vibes!

What are you waiting for then? Gather your close ones and make your way to DoubleTree by Hilton Pune Chinchwad for a groovy welcome to 2023!

Pacific Group Brings In Christmas Cheer At Its New Delhi Malls With Cartoon Network’sholiday Hangout

The activities around the ‘Cartoon Network Holiday Hangout’ were held on the 17th and 18th of December at Pacific Mall, Tagore Garden, and on the 24th and 25th of December at Pacific D21 Mall, Dwarka. Specially curated for kids, the holiday celebrations engaged and entertained mall visitors by enabling them to enjoy the spirit of the season alongside the coolest Cartoon Network toon stars– We Bare Bears and Ben 10.

As part of the activation, kids interacted and danced alongside the awesome bears, Grizzly, Panda, and Ice Bear from the globally popular Cartoon Network series ‘We Bare Bears and ‘Ben 10’. The activities also had kids participate in exciting games and workshops such as cupcake making, nail painting, Christmas tree making, tattoos to remember the activity, and much more. The colorfully designed setup with iconic and popular Cartoon Network shows raked up children’s enthusiasm and nostalgia for parents and families.

The ‘Cartoon Network Holiday Hangout’ at Pacific D21 Mall Dwarka added a new flavor to the ‘Pacific Christmas Carnival with Santrina-Meet and Greet, an adventurous raptor show, magic show, drawing competition, Christmas flea market, and Fun Tattoo Booth serving as prominent attractions.

Abhishek Bansal, Executive Director, of Pacific Group, said, “We were glad to partner with Cartoon Network and host the Holiday Hangout event at our malls. Kids are the most loyal consumers, and we were happy to welcome them in great strength to our malls and organise fun-filled evenings for them along with ‘We Bare Bears’ and ‘Ben 10’. Their faces were glowing with enthusiasm and happiness, and we are happy we could contribute to it.”

Skipper Limited wins new orders of Rs 2,570 crores for BSNL 4G Telecom Projects

Mumbai, December 30th, 2022: Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER), one of the world’s leading manufacturers for Power Transmission & Distribution structures and a prominent manufacturer of Telecom and Railway structures is proud to announce that it has secured fresh new orders valuing Rs 2,570 Crores from Bharat Sanchar Nigam Ltd. (BSNL).

New Order Details

· The contract has been awarded by BSNL for Supply and erection of Ground Based Telecom Towers, Infrastructure as a Service Provider (IaaSP) for supply, installation of Infrastructure Items and subsequent O&M for 5 years extendable to 5 more years in the uncovered villages of India under 4G saturation projects.

· The total contract value awarded to Skipper under these projects is approx. 2,570 crores to be executed under capex and opex model over 5 years. The works are to be executed in the states of Rajasthan and Orissa.

· The telecom sites will be set up to provide 4G connectivity as part of the 4G saturation projects in areas still uncovered with any sort of mobile communication or are currently having only 2G/ 3G Connectivity.

· The Project will be executed using the home-grown 4G Stack and will be funded through Government of India USOF (Universal Service Obligation Fund), which is a 55,000 Crores strong cash reserves meant for providing connectivity in rural and remote areas.

Director Speaks

Commenting on the release Mr. Sajan Kumar Bansal, Managing Director Skipper Limited said “We are glad that we are playing a crucial role and contributing our bit towards India’s infrastructure development and proud to be part of government vision to provide mobile connectivity in rural areas. The project will promote the delivery of various e- governance services, banking services, telemedicine, teleeducation etc through mobile broadband and promote employment in rural areas”

“Our company is the largest manufacturer of Telecom Tower in India, Backed by our forte in executing projects for the Telecom sector; this is another significant win for us. Our large engineering capacity to support captive manufacturing of telecom structures and decades of experience in building Tower sites on turnkey basis will vastly complement the execution of this prestigious project and will establish our company as a front runner in this domain”

He further added “Going forward, the marketplace looks exciting and ripe with opportunities and the company has a positive outlook based on strong traction in domestic telecom on account of future 4G up-gradation and 5G Rollout to support high bandwith usage requirement which will draw more Infrastructural capex into the sector. Additionally we are witnessing strong traction in Power T&D and Polymer market segments”.