Tag: Sanjay Sharma

News

Hundreds of Trees Planted on World Environment Day, People Pledged To Nurture Them

Jun 6, 2024 by Sujata Muguda 0 Comments #and Moharsari, #Ashoka, #Delhi-NCR, #Director of SKA Group, #DLF Mall of India, #Hundreds of Trees Planted on World Environment Day, #Jamun, #Neem, #Nurture, #Sanjay Sharma, #World Environment Day

Delhi NCR: To celebrate World Environment Day, various renowned organizations took significant steps to contribute to a greener future. DLF Mall of India conducted a tree-plantation drive to promote environmental awareness. During this program, over 1,000 saplings of various species, including Peepal, Amla, Jamun, Ashoka, Neem, and Moharsari, were planted around the mall as a pledge to keep the environment clean, green, and happy.

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The dedicated team from DLF Mall of India and students from Shankara Special School actively participated in the campaign. The students were also educated about protecting the environment and adopting a healthy lifestyle. Participants emphasized the importance of planting trees and committed to environmental conservation.

Meanwhile, in Greater Noida, SKA Destiny 1 and Paramount Golf Foreste Society also carried out a tree plantation drive to mark Environment Day. Over 1,000 saplings were planted along society grounds and footpaths. Saplings were distributed as gifts to residents, extending World Environment Day greetings and reinforcing the pledge to save the environment. Sanjay Sharma, Director of SKA Group, emphasized that tree planting is essential in combating global warming, which led to the planting campaign at SKA Destiny-1 Society. Residents of Paramount Golf Foreste Society also planted over 1,000 saplings.

Amid this celebration, Escon Infra Realtor organized a tree-plantation campaign at Panache on World Environment Day. Approximately 200 saplings were planted, including Peepal, Amla, Jamun, Ashoka, Neem, and Moharsari. This act of planting trees served as a message for environmental conservation.

Business

The RBI has once again opted to keep the repo rate unchanged

Feb 8, 2024 by Sujata Muguda 0 Comments #Ajendra Singh, #Ambience Group, #Amit Modi, #Ankush Kaul, #Ansal Housing, #Ashwinder R. Singh, #Axiom Landbase, #Bhartiya Urban, #CMD Gaurs Group, #County Group, #CREDAI NCR, #kushagr ansal, #Manoj Gaur, #Mohit Goel, #MRG Group, #Nayan Raheja, #Omaxe Group, #Pawan Sharma, #Pradeep Aggarwal, #Raheja Developers, #Rajesh K Saraf, #Rajjath Goel, #Sanchit Bhutani, #Sanjay Sharma, #Saya Group, #Signature Global (India) Ltd, #SKA Group, #Spectrum Metro, #Trisol Red, #Vikas Bhasin

The outcomes of the Reserve Bank of India’s (RBI) meeting have been announced by Governor Shaktikanta Das, confirming that there have been no changes to the repo rate, which remains steady at 6.5 percent. As a result, there will be no increase in loan EMIs. The real estate sector has welcomed this decision favorably.

Manoj Gaur, President CREDAI NCR and CMD Gaurs Group

Excellent decision by RBI. For the last one year, RBI has kept the repo rate unchanged at 6.5%. The real estate sector continues to exhibit a steady demand, the commercial segment is doing exceptionally well, and the country’s economy is growing from strength to strength. The residential segment will maintain the trajectory it took last year. I am sure that the sector will continue to show buoyancy as in the past quarters across the country.

Amit Modi, Director County Group

Once again, RBI has not made any changes in the repo rate, which is undeniably beneficial for the real estate sector. This will particularly uplift the morale of home buyers and investors. It clearly indicates that the country’s economy is consistently performing well.

Mohit Goel, Managing Director Omaxe Group

The RBI’s decision to maintain the repo rate at 6.5% aligns with its consistent approach and is welcomed. With a robust economy, high GDP growth, buoyant Sensex, stable crude oil prices, and easing inflation, the real estate sector is poised to sustain its strong performance in 2024. RBI’s decision aligns well with the country’s economic performance and signals stability, crucial for the ongoing realty sector’s robust growth.

Ashwinder R. Singh, Co-Chairman, CII, NR Committee for Real Estate, CEO Residential at Bhartiya Urban

With policy rates unchanged @6.50% and the RBI MPC’s commitment towards stable lending rates bodes well for India’s real estate sector, particularly in terms of home sales and home loans. With steady rates, prospective homebuyers can approach the market with confidence, driving increased demand for residential properties and facilitating easier access to home financing. This positive environment fosters growth and opportunity within the housing market, benefitting both buyers and developers alike.”

Nayan Raheja, Raheja Developers

The realty sector welcomes the RBI’s decision to hold the repo rate. This move will foster stability and bolster confidence among stakeholders, including home buyers and investors. However, the repo rate at 6.5% remains at a 4-year high, and a rollback would have boosted the affordable housing segment.

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

As expected, the RBI kept rates on hold. The prolonged pause, for the sixth time, since February 2023, is aimed at keeping inflation in check without hurting the economic growth momentum. With the reduction in policy rates would have been the best scenario for interest-sensitive sectors like the real estate sector, policy continuity is the next best outcome for both borrowers and developers alike. The decision allows homebuyers to make informed choices, which is expected to result in enhanced demand across all housing segments in line with the country’s overall economic progress.

Kushagr Ansal, Director Ansal Housing

The RBI’s decision to uphold the current repo rate is greeted with approval. While the real estate sector hoped for a slight reduction, this decision underscores stability. It is poised to enhance confidence among developers and homebuyers, providing clearer long-term financial commitments and EMIs.

Rajjath Goel, Managing Director of MRG Group, comments on

The RBI’s decision to sustain the repo rate at 6.5% for one more consecutive time, anticipating a positive surge in the housing market. Despite the rising housing costs, the unchanged home loan rates offer a semblance of relief to homebuyers. Consequently, both buyers and developers stand to benefit from stable interest rates, fostering increased consumer confidence and investment in the sector. The RBI’s decision is expected to bolster new launches and the expansion of projects in emerging hotspots.

Ankush Kaul, chief business officer – Ambience Group

“A commendable decision by RBI. It has been one year since the RBI decided to hit the pause button and keep the repo rate at 6.5%. It is expected to stimulate growth and boost the realty sector, providing a fillip to the premium housing and commercial segments. This decision presents the picture of the country’s resilient economy.

Sanchit Bhutani, MD of Group 108

This move is seen as a positive development, anticipated to stimulate growth in the real estate sector. The decision is expected to provide relief to the middle-income group, as they won’t have to bear the burden of higher interest rates on home loans. Additionally, there is a prediction that both commercial and residential property sales will experience an upswing. The Reserve Bank of India’s choice to maintain the repo rate reflects growing confidence in the sector.”

Rajesh K Saraf, Axiom Landbase, Managing Director, Axiom Landbase

The RBI’s decision to maintain the repo rate at 6.5% brings positive implications for the Indian housing and home loan sector. With interest rates remaining steady, prospective homebuyers can benefit from a favorable lending environment. This consistent stance instills confidence in the market’s reliability.

Pawan Sharma, Managing Director Trisol Red, comments that

The decision not to increase the repo rate is once again good news for the real estate sector. The fact that the repo rate has not increased in the past year has proven beneficial for the real estate sector in every aspect. This is undoubtedly excellent relief news for both home buyers and investors. Indeed, this will further benefit the market.

Sanjay Sharma, the Director of SKA Group

He emphasized that any hike in interest rates could adversely affect the real estate sector. The decision not to increase interest rates is expected to boost investor confidence and contribute to a rise in demand for residential properties.

Vikas Bhasin, Chairman & Managing Director, Saya Group

The RBI’s decision to keep the repo rate steady provides optimism to the real estate sector. This move underscores both macro and microeconomic stability, fueling year-end housing sales and bolstering the sector’s growth trajectory for 2024. It showcases the resilience of the country’s economy, poised to spur growth, particularly in premium housing and commercial segments.

Ajendra Singh, Vice-President (Sales & Marketing) Spectrum Metro

Not making changes in the repo rate signifies that the Indian Economy is strong. Compared to the Global Economy, India’s economic situation is better. The steps taken by the RBI are beneficial for the commercial and residential real estate sector in every aspect. We hope that this entire year will prove to be suitable for investors.

Business

MTR Foods forays into an all new category of fresh Idli and Dosa batter with the launch of MTR Minute Fresh

Dec 17, 2021 by Rekha Nair 0 Comments #CEO, #MTR Foods Pvt. Ltd, #Sanjay Sharma

India: MTR Foods Pvt. Ltd, the pioneer of packaged food products in India, announced its foray into the fresh Idli and Dosa batter category with the launch of MTR Minute Fresh today. The Minute Fresh range has been developed on the basis of MTR’s extensive knowledge and legacy in ethnic Indian food, along with the consumer insight that Idlis and Dosas are different products and hence the same batter cannot be utilized to make both.

A superior-quality range of products under the brand’s hyper-convenient Minute portfolio, the new fresh batter formats will be available in three distinct variants.

Unveiling the Minute Fresh category, Sanjay Sharma, CEO, MTR Foods Pvt. Ltd, said, “The surge in this category post the lockdown cemented our decision to introduce the Minute Fresh range of Idli, Dosa and MTR Signature Dosa batters this year. Owing to the unique demands of the fresh category, we have started a customized manufacturing unit, cold chain with a dedicated sales team that will cater only to MTR Minute Fresh. We are confident about the success of this new addition to the MTR portfolio.’’

Based on an extensive consumer study, MTR Foods understood that the consumer wants convenience without compromising on authenticity and taste. This insight led to the development of separate batters for Idli and Dosa.

Commenting on the launch Anupam Nair, General Manager, MTR Foods said, “We developed the products and tested them with the consumer at every step, to create the three variants. Today we can very confidently state that these products will deliver to our consumers the same taste of home-ground idli and dosa batters.”

The MTR Minute Fresh range of batters will be available across Bangalore.

Business World, News

Aye Finance strengthens leadership team, appoints Ujual George as Chief Risk Officer

Jan 22, 2021 by Rekha Nair 0 Comments #Chief Risk Officer., #Managing Director of Aye Finance, #Sanjay Sharma, #Ujual George

New Delhi: Aye Finance, India’s leading fintech lender to the MSME Sector announced the joining of Ujual George as Chief Risk Officer. Ujual, an alumnus of Indian Institute of Management Bangalore, has held various leadership positions in his career of over 25 years in banking and financial services. His last assignment was with RBL Bank, where he served on its management committee and led the transformation agenda of the bank. In his new role as CRO, Ujual will be responsible for strengthening the risk management capabilities and driving operational transformation at Aye Finance.

Sanjay Sharma, Managing Director of Aye Finance commented on the new appointment “Our rapid growth in scale, rising customer expectations, ubiquitous technology and evolving regulatory environment have increased the complexities of managing our business. It is essential that we keep a sharp focus on risk identification and management – both in conventional and emerging areas. I am glad that an experienced professional like Ujual with multifunctional expertise and established track record is joining us to further strengthen our risk culture.”

Ujual George also commented on joining the Aye’s leadership team “I am delighted to join Aye Finance. It is a company that has transformed thousands of micro enterprises in the country in a very short time while building a profitable business.  I look forward to working with the Board and Management to establish a robust risk management framework that will enable and empower the organization to achieve its ambitious business plans.”

Aye has been transforming the micro enterprise lending landscape since its inception in 2014 having designed innovative credit assessment methods to lend to a segment that was historically ignored by formal financial institutions. Having established an innovative paradigm in micro enterprise lending in India through its “Cluster Based Credit Assessment” methodology, Aye has now developed various Artificial Intelligence / Machine Learning models to extend credit to a much larger population of micro enterprises, establishing a tighter control on its asset book quality along with bringing improved efficiencies in its processes.

The lender has maintained adequate liquidity even during the economic disruption caused by the pandemic. The company closed its Series E equity round, which was led by CapitalG (Alphabet Independent growth fund) of Rs 210 cores in June 2020 and raised multiple debt rounds from leading global impact investors all through the year.