Tag: Nitin Gupta

Business

Pre – budget 2024-’25 Quotes – New York Academy, Bharat Founders Fund, Maestro Realtek, and TresVista

Jan 29, 2024 by Sujata Muguda 0 Comments #Bharat Founders Fund, #Devrath Banerjee, #Maanav Sagar, #Maestro Realtek, #New York Academy, #Nitin Gupta, #TresVista, #Viranica Manchu

PFB the quote by Mr. Devrath Banerjee, Director, TresVista on the expectation from the Union Budget 2024 for HR Sector

In anticipation of the 2024 Union Budget, the HR sector looks forward to reforms that would simplify and effectively implement labor laws, making them more adaptable to the modern workplace. Labor laws, up till now, have been described as cumbersome, rigid, and difficult to follow. The government’s proposal to consolidate the 29 existing laws into 4 codes will go a long way in helping simplify and modernize labor regulations. But, this expectation comes with the announcement that the implementation of the labor codes passed by parliament between 2019 and 2020 has been pushed yet again. The controversial codes, which were set to take effect before the general election in 2024, have been held up for various reasons, including opposition from state governments and talks between the unions and union labor ministry. A key expectation from the 2024 budget is that it will revisit these laws, ensuring the workforce’s well-being without compromising take-home pay by focusing on flexible working arrangements and remote work policies. These laws will also play a critical role in defining the country’s ease of doing business strategy. While welcome, the new changes to the labor laws will need a major overhaul to be effectively implemented, with swift and decisive action taken to push stakeholders to unleash the potential of these reforms. Additionally, expectations run high for relief benefiting salaried employees through amendments in sections 80C and 80D, foreseeing an increased investment limit and medical insurance deductible limit under the two sections. Overall, the HR industry looks forward to initiatives promoting a harmonious work environment and economic stability.

Pre- Budget Quote by Mr. Nitin Gupta, Founder and Managing Director, Maestro Realtek

Lower interest rates: Over the past two years, customer EMIs have witnessed a substantial surge of 30-40 per cent. A strategic reduction in interest rates can not only alleviate this burden on consumers but also substantially enhance buying power, thereby fueling growth in the real estate sector.

Increased home loan deduction slab: To position real estate as a preferred investment, it is imperative to elevate the home loan deduction slab across diverse sections of society. This move encourages homebuyers and stimulates economic activity within the real estate market.

Grant infrastructure status to the real estate sector: The real estate sector also wants the government to grant it infrastructure’ status that will ensure easier access to institutional credit and help reduce developer’s cost of borrowing.

Changes in definition of affordable housing: The real estate sector has also recommended standardization and rationalization in the definition of affordable housing across government schemes and financial institutions can help homebuyers qualify for cheaper financing options in the particular category. The definition of affordable housing, which was capped at ₹45 lakh, was given in 2017 and is yet to change since.

Pre-budget Quote on Energy and Carbon fuel sector – Bharat Founders Fund

“Given India’s heavy reliance on Coal and other carbon fuel sources, I am keen to see the budget focus on facilitating the transition to a more sustainable energy mix. This could be through subsidies, incentives, schemes, GST, waiver funding to related sectors, and also transition financing which is becoming extremely critical for the renewable energy solution providers and the subsequent consumer adoption. Working with the startup ecosystem, I see a massive value add for companies in the clean tech sector. Companies such as Solar Square could definitely get some benefit out of the budget, hopefully. So really looking forward to the Budget 2024 and to a brighter future.” – Maanav Sagar, Partner at Bharat Founders Fund

Mrs. Viranica Manchu_Founder & Director_New York Academy

PFB the quote by Mrs. Viranica Manchu, Founder & Director of New York Academy, on the expectation from the Budget 2024:

“As we anticipate the upcoming budget, finding a delicate balance between in-school and after-school learning becomes crucial, leveraging the benefits of technology. Our vision is for education to be synonymous with ‘Fun and Learn together,’ characterized by increased technology involvement to make learning more engaging and dynamic.

The primary focus should be on transitioning learning pedagogy from theoretical concepts to practical applications. Allowing students to engage in real-life projects throughout their courses fosters independence and the development of practical skills.

Looking ahead, our commitment is to ensure that the learning experience remains meaningful and enriching. It is imperative to nurture, challenge, and empower all students for success through transformative initiatives. The future of Indian education will be defined by innovation, inclusivity, and a dedication to preparing students to face the challenges and opportunities that lie ahead. We expect that the forthcoming budget will allocate significant public investment in education, supporting the growth of young India”.

Mantra Properties
Business

Mantra Properties gears up to launch new high-end Project- Codename Benchmark

Oct 20, 2021 by Rekha Nair 0 Comments #CEO, #Mantra Properties, #Marketing and CRM, #Mr. Rohit Gupta, #Nitin Gupta, #President – Sales

Pune…Mantra properties. One of Pune’s leading real estate developers has geared up for the development of yet another premium project in Akurdi, PCMC, Pune. Following the phenomenal success of their premium projects, Codename Infinity and Codename Wonderland, Mantra Properties is pleased to announce the launch of Codename Benchmark. The project is in Akurdi, the most prestigious location in PCMC due to its proximity to the prominent employment hub of Hinjewadi.

Codename Benchmark, spread across 3 acres, will offer buyers 2 BHK & 3 BHK, 3 BHK Sky Villas, and 4.5 BHK homes to choose from. The project will consist of six towers linked by a central podium packed with amenities, with four flats per floor. The project will include a Temple Court, Outdoor Gym, Children’s Play Area, Indoor Gym, Yoga / Zumba Room, Library, Co-working Spaces, Creche, Multipurpose Hall, Indoor Games, Multipurpose Play Court, Club House, Party Lawn, and Swimming Pool.

Commenting on the project launches, Mr. Rohit Gupta, CEO, Mantra Properties said “After the grand success of Codename Infinity and Codename Wonderland, We are proud to be presenting home buyers with yet another best in class, premium project- codename benchmark in Akurdi, PCMC, Pune. We want residents to enjoy the convenience of living in a township with large expanses of lush greenery and all of the amenities just a short walk away. The excellent location of Codename Benchmark and the endless amenities in and around it will ensure that residents enjoy a lush and comfortable lifestyle with the highest standards of luxury, convenience, and entertainment. It provides a compelling value proposition in terms of emerging location, cutting-edge infrastructure, and thriving socio-civic amenities, all of which combine to provide holistic living at all-inclusive destinations.”

Nitin Gupta, President – Sales, Marketing and CRM, Mantra Properties said, “The company had achieved peak performance during the pandemic by recording highest sales and has continued to show positive outcomes. Mantra Properties has become a beacon of light to the Pune realty sector especially in the aspirational mid-segment housing. In 14 years, Mantra Properties has grown at path-breaking speed. We have sold over 300 apartments in the Codename Infinity and Codename Wonderland launches, and we are now accepting Expressions of Interest for another Benchmark project in Akurdi. Our new project Codename Benchmark is intended to meet the growing lifestyle desires of people of all ages. We believe in constructing assets that are both valuable and likely to appreciate in value over time. In terms of infrastructure, connectivity, and amenities, the project is a complete package. The exciting new launch has already begun to attract the attention of prospective homebuyers. We are confident that with these new pre-launches. We will once again set a positive tone for the Pune real estate market and re-ignite the momentum.”

The vicinity provides its residents with all kinds of social amenities to live a happy and peaceful life. They include various major educational institutions like D Y Patil College of Engineering, VIBGYOR Roots & Rise School, IICMR College, Orchids the International School Nigdi, and many more. Also several hospitals and Health Institutions such as Dr D. Y. Patil Hospital, Aditya Birla Hospital, and many more state-of-the-art medical facilities.

Apart from these, it also offers the convenience of recreational facilities such as malls, multiplexes, restaurants, hotels, banks & ATMs, and so on. Residents also have access to a number of high-end shopping centres in the area. In Akurdi, physical infrastructure includes the government-built Metro Railway and the ongoing Bus Rapid Transit System.

The project will have larger apartments, thoughtfully designed with zero wastage, and will be located in the best location in Akurdi. These premium apartments will be well ventilated and naturally lit, with only four apartments per floor. It will be constructed with two basements, a podium, and 22-story buildings. It will also feature an 18-storey Integrated Retail Boulevard. The proposed location is close to a metro station and is well connected to the Old Mumbai Pune highway.