Tag: Founder & Chairman

Business

CarTrade Tech To Deploy Up To USD 100 Mn (INR 750 Crores) For Strategic Acquisitions And Investments In The Automotive Ecosystem

Dec 17, 2021 by Rekha Nair 0 Comments #CarTrade Tech, #Founder & Chairman, #Mr. Vinay Sanghi

Hyderabad: CarTrade Tech Ltd, one of India’s leading automotive platforms, plans to deploy up to USD 100 mn (INR 750 crores) to strategically acquire and invest into companies in the automotive space. The group wants to strengthen its position as a leading automotive platform in India by acquiring and investing in companies which will help it to either enter a new market / segment or bring new products and technologies to existing customers.

The group is actively looking to acquire and invest in companies that are driving innovation in all aspects of the automobile ecosystem which include auto finance, leasing, insurance, servicing, car ownership, electric vehicles and new age tech to digitize the auto buying and selling journey. In addition to capital, CarTrade Tech will bring unique value to these companies through synergies with group companies, and access to customers and technology, thereby helping these companies scale rapidly.

CarTrade Tech over the last few years has successfully acquired and integrated CarWale – a leader in the online new and used car space, Shriram Automall (SAMIL) – a leader in the auto auction space, BikeWale – a leader in the 2 wheeler online space and Adroit Auto – a leader in auto inspections and valuations.

Commenting on the same, Mr. Vinay Sanghi, Founder & Chairman, CarTrade Tech added, “We want to completely digitize the process of buying and selling vehicles and continue to be a key enabler in the growth of the auto ecosystem. To facilitate this, we are looking to deploy up to USD 100 mn for acquiring and investing into companies that are driving innovation in the auto ecosystem, so that we can offer the consumer a great online auto shopping and ownership experience. We have been very successful in growing our business organically and inorganically and want to acquire and invest into companies which will help us accelerate the digital transformation process. We are very excited about partnering with entrepreneurs who share the same vision and passion.”

Health, News

Apollo Hospitals’ vital post-vaccination study shows COVID vaccines provide protection in more than 95% of healthcare workers

Jun 17, 2021 by Rekha Nair 0 Comments #Apollo Group, #Apollo Hospitals Group, #Dr Prathap C. Reddy, #Dr. Anupam Sibal, #Dr. K Hariprasad, #Dr. Raju Vaishya, #Founder & Chairman, #Group Medical Director and Senior Pediatric Gastroenterologist, #Hospitals Division, #Mr. SV Kiran, #President – Hospitals Division, #Senior Consultant Orthopaedics and Joint Replacement Surgeon, #Senior Vice President & Head - Human Resources

Hyderabad: Apollo Hospitals, New Delhi today released the results of a multi center study of healthcare workers across India to evaluate the incidence of post-vaccination infections (PVIs). The study that took place over four and a half months, from January 16th to May 30th, 2021, and covered 31,621 healthcare workers who had received either both doses or the first dose only of the Covishield and Covaxin Covid vaccines.

Commenting on the study, Dr. Prathap C Reddy, Founder Chairman, Apollo Hospitals Group said, “This study reiterates the fact that our mainstay against Covid-19 is mass vaccination. Vaccines are not only safe, but they also help prevent severe manifestations of Covid-19 and will help save lives. The results of this large study across India make for a compelling case for citizens above the age of 18 to come forth and get vaccinated in order for us as a country to tide over the Covid-19 crisis”.“With greater availability of the vaccines in the coming weeks, the number of vaccines administered each day should increase. We should aim, to vaccinate 5 million Indians per day consistently. The main conclusions from the study are that post-vaccination infections are usually minor and vaccination helps to prevent severe infection, ICU admissions, and death”, Dr Reddy added.

Speaking on the details of the study, Dr. K Hariprasad, President – Hospitals Division, Apollo Hospitals Group said, “This is one of the largest cohorts of vaccinated healthcare workers (HCWs) analyzed in the country, so far. The 31,621 HCWs covered under the study were from 43 units of the Apollo Hospitals group across 24 cities in the country. The HCWs covered various categories including doctors, nursing, paramedical as well as support and administrative staff. We thank them for participating in this study, which has helped highlight the role of vaccines in our fight against Covid19”. “While the study emphasizes the fact that COVID-19 vaccines are effective, it is important to continue with COVID safe behavior even when fully vaccinated such as wearing a mask, sanitizing hands, maintaining appropriate social distance, and avoiding crowds” added Dr Hariprasad.

Dr. Anupam Sibal, Group Medical Director and Senior Pediatric Gastroenterologist, Apollo Group said, “The results showed that COVID vaccines provided protection in more than 95% of the recipients and that post-vaccination infection (PVI) occurred in only 4.28% (1355 / 31621) of the vaccinated healthcare workers. The finding also showed only 90 cases or 0.28% (90 / 31621) of cases required hospitalization, with only three cases 0.009% (3/31621) requiring ICU admission. The most important finding of the study was that there were no deaths in case of COVID infection after vaccination”. “Covishield was administered to 28,918 HCWs (91.45%), while 2703 (8.55%) received Covaxin. 25,907 or 81.9% HCWs were fully vaccinated, having received both doses of the vaccine, while 5,714 or 18.1% had received only the first dose. Out of the fully vaccinated workers, 1061 or 4.09% reported post-vaccination infections, while 294 or 5.14% of the partly vaccinated workers tested positive”, Dr Sibal added.

Dr. Raju Vaishya, Senior Consultant Orthopaedics and Joint Replacement Surgeon and one of the key authors of the study, said, “Of the 90 cases who required hospitalisation, 48 were males and 42 were females with the majority i.e., 83 cases being below 50 years of age. Of the 3 ICU admissions, 2 were males and 1 was female, between the ages of 25 to 39 years, with 2 fully vaccinated and 1 partially vaccinated. The incidence of PVI in those who had been administered Covishield was 4.32% and in those who had received Covaxin was 3.85”%. The findings of the study are under consideration for publication in a peer-reviewed medical journal.

“The majority of infections occurred after two weeks of the last vaccination dose, at an average of 6 weeks. 43.6 % of infections occurred in HCWs below the age of 30 and 35.42 % in those in the 31 – 40 year age group. This study period covered the second wave and the maximum infections occurred in April and May 2021. Despite the high infection rate in the community during this period, the vaccinated HCWs were protected.” said Mr. SV Kiran, Senior Vice President & Head – Human Resources, Hospitals Division, Apollo Hospitals Group.

Business World

Gurugram leads in affordable housing

May 5, 2021 by Neel Achary 0 Comments #ASSOCHAM, #Chairman, #Founder & Chairman, #Housing and Urban Development, #National Council on Real Estate, #Pradeep Aggarwal, #Signature Global Group

By Pradeep Aggarwal, Founder & Chairman, Signature Global Group, Chairman, ASSOCHAM, National Council on Real Estate, Housing and Urban Development

With improved demand and supply in the affordable housing market, the real estate sector, which has been going through a rough patch for the past few years, is gaining traction in Delhi-NCR. According to a report by property consultant Anarock, affordable housing — defined as units costing less than Rs 45 lakh — has seen the highest demand since the pandemic hit the nation. In 2020, affordable housing accounted for 40% of demand, up from 31% in Covid-19 — a 9% rise. Nearly 38 percent of the overall affordable housing demand in the country came from Delhi-NCR. Affordable Housing in Gurgaon accounted for 32 percent of total demand in the Delhi-NCR region, led by Greater Noida (24 percent).

Between 2018 and 2020, 79,840 affordable units were introduced in Delhi-NCR. Nearly half of these were in the affordable category. Last year, a total of 18,540 units were available, with affordable housing accounting for 61% of the total. The supply and demand are in harmony. Gurugram has the most affordable housing stock, with 6,590 affordable units out of 11,180 new units launched last year. Between 2018 and 2020, Signature Global, a leader in affordable housing, launched 19 affordable projects. Gurugram has the highest demand, with 32 percent, followed by Greater Noida (24 percent), Noida (18 percent), Delhi (12 percent), Ghaziabad (8 percent), and Faridabad (6 percent).

According to the most recent update to the Affordable Housing Policy, each dwelling unit now has one free parking space. Furthermore, the state government’s increase in the project area cap through this amendment would encourage many reputable real estate players to come forward and create affordable housing, which has long been in demand. An increase in the commercial area of a project, which means more margins for developers coping with low income, is another boon to the sector.

In the last few decades, the economic growth in Gurgaon has supported accelerated urbanization and growth of the migrant population coming to the millennium city offering maximum employment opportunities. Rapid development in on MG Road and Cyber City created a ripple effect and pushed developments to new Gurgaon and the southern parts of Gurugram; this led to the emergence of new areas like Southern Peripheral Road (SPR) and Sohna Road – taking you to the Sohna town. Sohna’s real estate market is led by affordable and mid-segment housing. Emphasis on affordable housing is also pushing further the development of this region where more than 40 percent is under Rs 50 lakh.

Talking of Affordable Housing in Gurgaon, sector 95 is the area that is popular and Signature Global Aspire is a project which opens for application till 18 April 2021. The project offers 2BHK units in 22.45 lakh and offers all major amenities.

Signature Global has two projects in South of Gurugram — Serenas and Signature Global Park, under Haryana Affordable Housing Policy and Deendayal Awaas Yojana respectively. Serena’s has been sold out and SG Park’s first phase is ready for delivery.

Business World

3 BHK floors on Sohna Road is in demand

Apr 13, 2021 by Neel Achary 0 Comments #ASSOCHAM, #Chairman, #Founder & Chairman, #Housing and Urban Development, #National Council on Real Estate, #Pradeep Aggarwal, #Signature Global Group

By Pradeep Aggarwal, Founder & Chairman, Signature Global Group, Chairman, ASSOCHAM, National Council on Real Estate, Housing and Urban Development

The demand for 3 BHK floors has increased in the post Covid-19 situation as people are looking for spacious properties. The realization of the importance of one’s home has dawned on people as they have seen the difficulties faced in problematic situations such as this global pandemic where many tenants faced a hard time dealing with the landlords. Gurugram is seeing maximum sale in this segment; 3 BHK floors in Sohna Gurgaon are getting attention due to the competitive pricing and impeccable locational advantage.

People are specifically looking for gated complexes that have a retail hub, swimming pool, open green areas, kids play area, multipurpose court, skating rink, and seating areas. Another advantage of 3 BHK floors on Sohna Road is that soon-to-come-up Badshahpur elevated road is in the vicinity, Delhi-Mumbai Industrial Corridor and multiplexes around this area will soon be operational. Educational institutions (GD Goenka, Pathways, DPS, KR Mangalam), hotels (The Taj Gateway Resorts, The Westin – Sohna Resort and Spa, Country Inn at a distance of 5 min), hospitals, and malls are close by. Signature Global has Signature Global Park in Sector 36, Sohna, South of Gurugram is situated at a distance of just 20 minutes from Rajeev Chowk, the premium project is being developed under Deen Dayal Jan Awas Yojna. The varied options in the project include Independent Premium Floors, Stilt car parking + 4 Independent Floors of 2 BHK (951.43 sq ft) and 3 BHK (1081.67 sq ft). The project has perfect location as more than six reputed Schools are within a 15 km radius, Sohna Elevated Road (under construction), Shopping Malls with leading brands are 15 km away, hotels in 15 km Radius, 11 Multiplex Screens to be functional soon, Office Complexes and Business Hubs in the neighborhood, adventure park in the vicinity, and lush green environment.

The Group has been showing seriousness towards ‘Housing for All’ target, and is making significant contribution to meet the housing need of people by providing homes that suit their requirement. Till date, the Group has already launched 22094 units under Haryana Affordable Housing Scheme & Deen Dayal Jan Awas Yojna, and have delivered 2983 units to date.

Gurugram has been performing extremely well due to Haryana Government’s constant support. The State Government brought in amendments in Haryana’s Affordable Housing Policy. Haryana has a model policy that is most suitable for the development of this segment. Haryana Cabinet’s decisions to push affordable housing has led to an increase of total limit for grant of Affordable Group Housing Colony in a sector to 30 acres, also extending the Deen Dayal Jan Awas Yojna to Gurugram Development Plan. The biggest advantage in DDJAY floors is that each floor is separately registered and a buyer can avail benefits of CLSS according to his/her eligibility on securing a floor.

Business World

Gurugram realtors calls for rationalizing of circle rates

Apr 13, 2021 by Neel Achary 0 Comments #ASSOCHAM, #Chairman, #Founder & Chairman, #Housing and Urban Development, #National Council on Real Estate, #Pradeep Aggarwal, #Signature Global Group

In a sudden move, the Gurugram administration decided to increase the circle rate by up to 90% at some of the posh localities of the city, at a time when the real estate sector is still recovering from the setback by COVID19. The revived circle rate came into effect on April 8. The city realtors called out to the administrators to look into the matter and roll back the increase as it can have cascading effects on the city’s growing sales, which have been better than the neighbouring cities in NCR.

Sanjeev Arora, Director, 360 Realtors, says, “Instead of increasing the circle rates by 90%, the administration should have stayed only with its decision of November 2020 of imposing additional tax liability where the differential between market price and circle rate is up to 20%. The current decision will dent the real estate market, which is in the revival mode after the COVID situation. In all our dealings with the buyers, we have concluded that they are looking for respite. Right now, the developer community is using all means to help the buyer realize their dream of owning a real estate asset, but the community needs support from the government. The rates in Gurugram are already high, and we hope that the administration realizes it.”

The Gurugram administrations’ decision to increase circle rates cannot be justified when other states are reducing stamp duties. For quite some time, the developer community has been demanding a cut in circle rates to infuse confidence in the market; the circle rates were already very high, and this increase will prove detrimental for the realty sector. Achal Raina, COO, Raheja Developers, says, “We have to look at states that are trying to help the buyers save money in these challenging times. We have examples where states have reduced stamp duty, and Gurugram has gone ahead with an increase in circle rates. We request the administration to deliberate on the ways to help the real estate sector in the city. The demand in the city is high, and we have been witnessing a good number of sales; this will automatically mean good revenue. However, increased circle rates will force the buyers to go into the shell, which will affect the revival.”

The real estate market has been in the revival mode as buyers have been thronging to get hold of a real estate asset. According to JLL Q1 Residential Market Update – Q1 2021 report, the Delhi NCR market has performed much better than all other major cities in terms of new launches, as the region witnessed a jump of 111% in Q1 2021 over Q4 2020. Compared with Q1 2020, NCR added approximately 6,750 units in Q1 2021, a Y-o-Y increase of 9%; out of the total, approximately 52% of the new supply was in the affordable segment, according to ANAROCK’s Q1 2021 data. The number of launches in Gurugram is better, which points to the demand for property in the city.

When Maharashtra reduced the stamp duty, it recorded around 12,000 property registrations in March; the state also decided to maintain a status quo on circle rates. The state government decided in August 2020 to reduce the stamp duty on selling deed documents registered between September 1 and December 31, 2020, by 3%. From January 1 to March 31, 2021, the relaxation proceeded with a 2% reduction; Resultantly, Mumbai saw a surge in property registrations.

Pradeep Aggarwal, Founder & Chairman, Signature Global Group, Chairman, ASSOCHAM, National Council on Real Estate, Housing and Urban Development, says, “This year, the Delhi government has decreased the circle rates. We were expecting that the Haryana government would decrease the circle rates. The move to hike the rates would discourage investors from buying properties. The sector needs support from the government, and buyers are also looking at ease of buying. On its part, the real estate sector has kept the prices subdued for years now despite rising raw material cost; buyers constantly looking for some respite in prices, which is only possible through a reduction in circle rates and stamp duty. We urge the administration to look into the matter and take preventive measure.”

Business World, News

Transasia Bio-Medicals’ largest IVD manufacturing facility of its kind in Asia at AMTZ, inaugurated…

Apr 9, 2021 by Rekha Nair 0 Comments #Dr. Jitendra Sharma, #Dr. Manoj Chugh, #Founder & Chairman, #MD &CEO of AMTZ, #R&D Reagents, #Suresh Vazirani, #Transasia Bio-Medicals Ltd., #Transasia-Erba International Group of Companies, #Vice President

Vizag: Transasia Bio-Medicals Ltd., India’s No. 1 In-vitro Diagnostic Companytoday announced the formal inauguration of its state-of-the-art medical devices manufacturing plant at the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam. The largest of its kind facility in Asia spread over 35000 sft. will manufacture ErbaLisa COVID-19 IgG ELISA test kits, RT-PCR kits and rapid test kits for India and other emerging markets. The new facility was virtually inaugurated today byShri MekapatiGoutham Reddy, Hon’ble Minister for Industries, Commerce& IT, Andhra Pradesh;Dr. PDVaghela, Chairperson, Telecommunications Regulatory Authority of India (TRAI)and Dr. ArabindaMitra, Scientific Secretaryto Principal Scientific Adviser,Govt. of India; Sri R. KarikalValaven, Special Chief Secretary to Government, Industries & Commercein the presence of Dr. Jitendra Sharma, MD &CEO, AMTZ,Suresh Vazirani, Founder&Chairman,Transasia-ErbaInternational Groupof Companies and Dr. Manoj Chugh, Vice President, R&D Reagents, Transasia Bio-Medicals Ltd.Transasia’s5thmanufacturing facility in India besides plants in Baddi, Daman, Sikkim and Mumbai, the new facility entailed initial investment of over 30crore. Truly integrated, the facility with an annual capacity of 2 million Molecular & Serology test kits has face recognition system, cold room, storage area,clean rooms of BSL-II/BSL-III grade, large lyophilizers, protein purification equipment, advanced QC equipment and automated machines. The facility will significantly reduce India’s current import dependence for such testing kits.

In his comments, Suresh Vazirani, Founder & Chairman, Transasia-Erba International Group of Companies, said,“We are truly delighted to partner AMTZ under the visionary leadership of Dr. Jitendra Sharma, in contributing our bit to realize the dream of making Indiaatmanirbhar and a global export hub for IVD products and solutions. With world class infrastructure for manufacturing, testing and certification of medical devices available in the park, the facility would play a key role in import substitution of medical devices. The new facility reinforces Transasia’s track record of enabling better healthcare outcomes for over 40 years by offering total solutions for clinical diagnosis.”

“We are pleased that Transasia chose AMTZ to set up Asia’s largest IVD manufacturing facility. It gives me further pleasurebeing there for the inauguration of Transasia’s world-class IVD manufacturing facility. Addition of this facility further enhances AMTZ appeal as an ecosystem with huge upsides for industry players. Wholeheartedly congratulate Mr. Vazirani and the Transasia team for thisworldclass facility,” added Dr. Jitendra Sharma, MD &CEO of AMTZ.

In his comments, Dr. Manoj Chugh, Vice President, R&D Reagents, Transasia Bio-Medicals Ltd., said, “Several new offerings are on the anvilas we step up to meet the diagnostic needs of doctors and patients. The plant will have the flexibility to scale up manufacturing capabilities on demand, while driving greater operational efficiency.”

Operations will start immediately at this new plant with product roll outs expected in early September. The new facility has the capacity to produce 6 lakh Elisa-based antibody detection test kits per day besides RT-PCR and rapid test kits.To address the growing need for serological tests as disease prevention spurred by greater awareness of infectious diseases due to covid-19, this facility will manufacture testing kits for other immunology products as well. To meet the growing demand, Transasia will significantly invest in R&D and manpower at the facility for its immunology products with total hiring estimated at 500 employees as of now.

Business World, News

We’re kind but not weak, says Dr Malini Saba, Founder & Chairman, Saba Group On International Women’s Day

Mar 8, 2021 by Rekha Nair 0 Comments #Dr. Malini Saba, #Founder & Chairman, #Saba Group

Dr Malini Saba, Founder & Chairman, Saba Group says: ‘Being a woman is about multitasking whereas finding balance. We’re kind but not weak; strong but gentle; intelligent but humble; passionate but rational to turn our dreams into visions. We still have a long way to go for equal wages, violence against women and girls persists & we still fall behind men in terms of education, healthcare, and equal opportunities. I focus on hiring mainly women to create a culture in male dominated spaces.

We should never put ourselves second to someone else, sometimes we might be the only person standing in the way to our success. Never allow your husband’s fears or your fears to keep you from reaching for the stars, stick through your vision no matter what someone else says to you. If you fail do it again, do not sell your values & soul to be accepted, and never give up. You will get there and it would be beyond your wildest dreams. I believe that media plays an important role to show the strength of millions of women who have achieved success despite hardship and drive the path for women’s leadership.Being bold for change means having the courage to stand up and speak up — not just for yourself, but for others.Stand firm and be proud that we have come this far despite the hurdles and kept being better at what we do. Stop trying hard to fit in – you’re born to stand out.”

News

Nineteenth Vasant Utsav Celebration Sai ka Aangan, Gurgaon…

Feb 19, 2021 by Rekha Nair 0 Comments #Dr. Chandra BhanuSatpathyji, #Founder & Chairman, #Shirdi Sai Global Foundation

Vasant Utsav, the annual programme of Sai KaAangan, Gurgaon,was celebrated for the nineteenth year on Basant Panchami, February 16, 2021. The event was organized under the aegis of Shirdi Sai Global Foundation.

Each year, renowned artists are given a platform at the Aangan to offer their skills at the Lotus Feet of Shri Sai. Visitors not only from India but from different parts of the world, get to enjoy a plethora ofcultural presentations in the form of dance and music. This year however, the celebration was virtual, considering the government restrictions on social gathering due to the pandemic. It was broadcasted for the audience through Zoom and the Aangan’sYouTube channel.

After a formal virtual welcome of Dr. Chandra BhanuSatpathyji, Founder Chairman, Shirdi Sai Global Foundation, the ceremonial light was lit to begin the festivities. Vocal music offerings in RaagPahaadi by AnamyaMongia from USA,ushered in the springtime merriment. The in – house staff of the Aangan carried out Shri Sainath’sPaalki procession following all government norms and social distancing.This was followed by melodious devotional musical renderings of Dr. Satpathyji’s compositions by Shirdi Sai Global Foundation Children’s Choir. With the environment thus filled with a festive adoration, a documentary reel on the experiences and reflections of the children of the Aangan, was set rolling. The cultural show ended with a vibrant Kashmiri dance performance by Aangan devotees.

In his discourse for the audience, Dr. Satathyji highlighted the customary celebration of Vasant Utsav at Sai KaAangan since 2003, wherein prominent artists have been recognized for their aptitudes. He mentioned that the Aangan is a ‘parivaar’ and children have undergone a holistic development while singing, learning, playing, painting and participating in various activities in its premises. This, in turn, has taught them to live life fruitfully. He thanked all who contributed towards the organization of the virtual Utsav.

The programme, which was compered by Smt. Jyotsna Rai and Shri Abhijit Narayan, ended with the Vote of Thanks by Ms. Kumkum Bhatia.

Business World

Union Budget Reaction: Agriculture, Real-estate, Healthcare, Startup, welfare and business

Feb 1, 2021 by Neel Achary 0 Comments #Dr. Malini Saba, #Founder & Chairman, #Saba Group

Agriculture Quote:

Dr. Malini Saba, Founder & Chairman, Saba Group says: ‘’The expansion of PM’s ‘SWAMITVA Scheme’’ will help farmers a long way in settling their property rights, tax regimes and for taking bank loans. The increase in the agricultural credit target will enhance their confidence to sow crop and realisation of income after production. The enhancement of ‘Rural Infrastructure Development Fund’ & ‘Operation Green Scheme’ will boost economically backward districts in India, with stronger impacts in electricity, road-intensive industries and to increase value addition in agriculture and allied products and their exports.

The setting up of 1,000 mandis integrated with e-NAM and the change in MSP regime will ensure increased credit flows, increase farmer’s sustainability and help agriculture business value chain in a big way.’’

Healthcare Quote:

Dr. Malini Saba, founder & Chairman, Saba Group & Anannke Foundation says: ‘Great announcements in these unprecedented times to provide relief to the pandemic-hit common man as well as to focus more on driving the economic recovery.

Rs 35,000 crore for Covid-19 vaccination is a comforting step forward to save lives amidst the century’s biggest pandemic. This Healthcare budget has got a healing touch, Rs 64,180 for the Pradhan Mantri Atma Nirbhar Swasthya Bharat Yojana, which is going to be operated in addition to the existing National Health Mission, will strengthen the country’s healthcare infrastructure over the next six years. The scheme will definitely develop capacities of primary, secondary and tertiary healthcare systems as well as existing national institutions and ensure patient education and wellness. The FM’s plan towards creating new institutions for the detection and cure of new and emerging diseases will push us towards a future that will be rooted in faster adaptation and enhanced resilience and strengthening preventive care, curative and well-being of the population’

Real-estate Budget Quote:

Dr. Malini Saba, Founder & Chairman, Saba Group says: ‘’Given that the economy is well on its path to recovery, Union Budget 2021 has focused on enhancing expenditure while keeping the fiscal targets at bay in the short term.

This Budget focuses on augmenting infrastructure with a special focus on expediting urban infrastructure projects which will act as a strong catalyst in driving real estate in urban areas. The proposed easing of restrictions on leverage by InvITs/REITs will attract more REITs listings and thus higher investments into real estate. The monetisation of surplus land of government and government bodies is a welcome move; however, the implementation will need to be monitored. The continuance to promote affordable rental housing schemes by providing tax exemption for notified rental housing projects is a great effort. This will accelerate the pace of investments in this scheme and is likely to fall in line with achieving the overall objective of ‘Housing for All’.

Startup, Women, welfare and business

Dr. Malini Saba, Founder & Chairman, Saba Group & Anannke Foundation says: ‘By incentivising the ‘One Person Companies’ (OPCs) & increasing the thresholds for Paid-up capital and turnover will truly help women-led start-up to ease their compliances requirement and grow without any restrictions. Strengthening of NCLT framework & e-Courts system through Data Analytics, AI and Machine learning will play a major role in facilitating case proceedings, Curb corruption, and Bring transparency in the matter.

‘Minimum wages’, ‘Stand up India’ schemes and the insurance cover under ‘Employees State Insurance Corporation’, is a commendable step and will increase the participation of women in all the categories and to set up new businesses. The Government’s decision to boost entrepreneurship and digital payments in India is a testament to its commitment to realize its vision of an economically self-reliant nation.

The household tap connections, under The Jal Jeevan Mission to provide safe and adequate drinking water, will definitely help in eliminating the problem of decades-old sanitation and health problems.

Tea plantation and production plays a noteworthy task in the Indian economy and by providing `1,000 crores for the welfare of Tea workers especially women and their children in Assam and West Bengal will play an essential role in enhancing the health and efficiency of the plantation workers, generate livelihood and boost the economy.’’

Business World

Signature Global conducts E-draw of Golf Greens 79 and Orchard Avenue 2

Sep 5, 2020 by Gouri Achary 0 Comments #E-draw of Golf Greens 79 and Orchard Avenue 2, #Founder & Chairman, #Mr. Pradeep Aggarwal, #Signature Global Group

Signature Global, the pioneers of affordable housing, held an e-draw for their projects Golf Greens 79, sector 79, Gurugram and Orchard Avenue 2, sector 93, Gurugram at The Pllazio Hotel, Sector-29, Gurugram. The event was successfully conducted in the presence of Senior HUDA officials. Signature Global Group followed all the safety norms including social distancing and sanitization to prevent the global pandemic COVID-19. The e-draw was live on YouTube for those who wanted to attend the same from their home. For Golf Greens 79, during the e-draw of Flats, 852 units were allotted as against 1632 applications as it was oversubscribed by the people. During the re-draw of Orchard Avenue 2, 278 units were allotted against 315 applications. In the last three months, Signature Global has executed e-draws of five projects. In these five projects, the total number of units was 3169 against which around 13927 applications were received.

Golf Green 79 is located at the foothills of Aravalli Range in sector 79 and is well connected to NH8, Southern Peripheral Road, and KMP Expressway. The project which has 1 and 3 BHK options comes under the Haryana Affordable Housing Policy. The prices at Signature Global ‘Golf Greens 79’ start from Rs 14.46 lakh for 1 BHK and Rs 25.80 lakh for 3 BHK. Some of the landmarks around include ITC Grand Bharat, Hyatt Regency, Golden Green Golf & Resorts, Heritage Village Resorts, water and amusement park Aapno Ghar. Seamless connectivity through nearby highways to areas like Manesar, Faridabad, and Delhi acts as the catalyst for the growth of real estate in Sector 79 which has a lot of greenery and away from the hustle-bustle of otherwise crowded Gurugram.

On the other hand, Orchard Avenue 2 has 2 BHK units and is located in Sector 93, Gurugram, which is one of the most rapidly developing areas in Gurugram. Located on Dwarka Expressway, the area has many reputed schools, colleges and universities situated in and around it. Industrial Model Township is the nearest employment hub as IMT Manesar has many manufacturing companies and many other industries.

Speaking during the e-draw, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global Group and Chairman, ASSOCHAM, National Council on Real Estate, Housing and Urban Development said, “The demand for affordable housing has increased manifold. In the post-COVID-19 situation, people wish to get hold of good property to call their home. Today we are happy to announce the lucky customers who have been selected in e-draw and would like to congratulate them all. Our customers are our brand ambassadors and customer satisfaction is our asset.”

To date, the company has launched 21 residential with 19711 units and one commercial project. Going forward, Signature Global has already aimed at launching 100,000 units across India by 2022 to contribute to ‘Housing for All’ mission.