Month: July 2024

 

–       A global programme to nurture essential climate skills among India’s youth

–       Aims to create over 2,000 Climate Skills Educators, in the first two yearsglobally

–       Aims to create over 2,000 youth leaders from marginalised groups and 300 educators in India

 

British Council, the UK’s international organisation for educational opportunities and cultural exchange, in partnership with HSBC India, today launched the “Climate Skills: Seeds for Transition India” project. This initiative aims to equip young people and communities in India with the skills needed to be resilient to the impending impact of climate change and to contribute to theopportunities of the transition to net zero.

 

The programmeis part of British Council’slong-term international effort to establish a global climate skills approach that empowers youth, informs decision-makers about alternative climate education strategies, and addresses grassroots, national, and global climate challenges. It seeks to go beyond discussion and partner with governments, communities, and institutions to create tangible solutions for the future generation to better understand the impact of climate change across all aspects of lifeand equip them with the necessary skills needed in the wake of climate change.

 

The project works with young people aged 18-30 in five countries including India, Brazil, Indonesia, Mexico and Vietnam.

 

Scott McDonald, Chief Executive, British Council said, “At the British Council, we are committed to empowering young people with the skills and knowledge necessary to tackle the pressing challenges of climate change. Our partnership with HSBC on the ‘Climate Skills—Seeds for Transition India’ project reflects our shared vision of a more sustainable future. By equipping youth with essential climate resilience skills, they can lead the transition to greener economies and drive positive change in their communities. These skills are increasingly critical as we consider projections for the life of our planet and its natural resources.”

 

Speaking on the partnership,Hitendra Dave, Chief Executive Officer, HSBC India, said, “We have a long history of collaboration with the British Council and the co-creation of programmes that help achieve a larger social purpose. Our partnership on the Climate Skills programme will focus on youth and education, reflecting our joint commitment in equipping the younger generation to understandand adapt to climate change. Together, we aim to improve climate literacy and employability among marginalized youth communities in India.”

 

Running from July 2024 to February 2026, the project aims to raise awareness among key stakeholders, including government institutions, policymakers, higher educational institutions, and young people, encouraging participation and engagement. It seeks to directly engage 2,000 youth and train 300 master trainers in India/in each delivery country.

 

The initiative highlights the British Council's leadership in climate action and its upcoming global climate change strategy. This UK-led international collaboration aims to resource local organisations, empower youth to take climate action, and provide alternative climate education approaches.  A unique aspect of the programme is its focus on empowering both urban and rural youth by integrating youth-led social action with climate education. The programme's international connectivity aims to deliver locally led interventions and connects them with a global network across five countries.

 

The launch event, scheduled for July 11, 2024featured a climate film screening, an official launch by Scott McDonald, Chief Executive, British Council and Hitendra Dave, Chief Executive Officer of HSBC India. Lindy Cameron CB OBE, British High Commissioner to India, Alison Barrett, Director India, Monomita Nag-Chowdhury, Programme Lead of The Climate Connection from the British Council; Rajiv Gandhi National Institute of Youth Development; Yusuf Kabir, WASH Specialist I Focal Point for Climate, Environment & DRR, UNICEF; and Rishika Das Roy, Lead-Sectoral Strategy and Investment at India Climate Collaborative will be part of the discussions.

Inks MoU to upgrade the Government Veterinary Hospital in the presence of Chief Minister

 

• The Government Veterinary Hospital, Gurugram (Haryana) will be upgraded into a 24×7 multi-speciality animal hospital
• The MoU was signed between the Anil Agarwal Foundation, Animal Husbandry Department, Government of Haryana and Haryana State CSR Trust in the presence of Hon’ble Chief Minister Shri Nayab Singh.

Speaking on this occasion, Chief Minister Shri Nayab Singh said that he is delighted to witness this significant partnership between The Animal Care Organization and the State Government. The effort to transform the landscape of animal welfare in Haryana, earlier with the Faridabad shelter and now the initiative in Gurugram will vastly improve veterinary care services in our state which the residents of Gurugram as well as nearby cities can make use of. He said that “I look forward to seeing the positive impact this initiative will have on the well-being of animals and the overall health of our communities”.  The Chief Minister instructed the concerned officers to upgrade the care services for the animals in cow shelters.

 

Priya Agarwal Hebbar, Chairperson of Hindustan Zinc Ltd, Non-Executive Director at Vedanta and Anchor, TACO stated, “We are delighted to collaborate with the Government of Haryana yet again to augment animal welfare infrastructure in the state. With an investment of 100 Cr for the upgradation of the Government Veterinary Hospital in Gurugram, the construction of a 24×7 multi-specialty animal hospital and our existing shelter in Faridabad, we are committed towards ensuring availability of state-of-the-art veterinary care in Haryana. I am thankful to the Chief Minister for his continued support as we work towards the vision of One Health.”

 

The MoU marks a monumental step towards the improvement of animal welfare services in Haryana with the state government inking a 10-year long collaboration with the Anil Agarwal Foundation. As part of the collaboration, TACO will also deploy an ambulance and an advanced mobile health van to provide emergency care services at doorstep.

 

Notably, TACO's initiatives encompass a holistic approach to ‘One Health’, recognizing the interconnection between people, animals, plants, and their shared environment. The organization's shelter in Faridabad, Haryana, is home to 160+ animals, including cows, bulls, and dogs, focusing on rescue, rehabilitation, advanced veterinary care and overall well-being. Since its inception in 2022, it has treated more than 60,000 animals through its health camps, rescued almost 5,000 animals during the Delhi and Haryana floods, and supported over 460 members of farmer community through animal OPD services. Furthermore, TACO's dedication extends to education and training through the TACO Academy, which conducts sessions for veterinarians and paraprofessionals. TACO also supports and strengthens veterinary healthcare services through OPD and ambulance services.

 

–      Dynamic, Performance and Superior variants allow customers enhanced choices suiting their individual lifestyles

–      The New ATTO 3 edition will also feature new Cosmos Black colour

–      Starting at an introductory Ex-showroom price of INR 24.99 Lakh, BYD India ups the value quotient of the BYD ATTO 3 

BYD India, a subsidiary of the world's leading New Energy Vehicles (NEV) manufacturer,announces the expansion of its product line with the introduction of new variants of the BYD ATTO 3. This premier Born EV pure electric SUV now includes the all-new Cosmos Black Edition, along with Dynamic, Premium, and Superior variants, all aimed at providing enhanced accessibility and a wider range of choices for customers.

This strategic expansion is a direct responseto the tremendous success and overwhelming customer interest in the original BYD ATTO 3, aiming to cater to a more diverse customer base and offering increased options to potential buyers. The new BYD ATTO 3 variants start with Dynamic, going up to the Premium and Superior variants. The Dynamic variant will be available at an introductoryEx-showroom price starting at INR 24.99 Lakh, making sustainable motoring more accessible.

Each variant has been meticulously crafted to meet the unique needs of BYD India customers and hasreceived certification from the Automotive Research Association of India (ARAI). The Premium and Superior variants offer an impressive range of 521km* ARAI tested and 480km* NEDCwith a battery capacity of 60.48kWh. The Dynamic model offers a commendable range of 468km* ARAI tested and 410km* NEDC, powered by a robust battery capacity of 49.92kWh.This showcasesBYD's commitment to delivering vehicles with exceptional performance and efficiency.

The homologation certificate from ARAI further reinforcesthecredibility and commitment of BYD Indiato its customers. With an expandingdealership networkcomprising 26 showrooms across 23 cities, BYD India is committed toproviding first-rate service to its customers across the country.

Mr. Rajeev Chauhan, Head of Electric Passenger Vehicles(EPV) Business at BYD India said, “Unveiling this extended lineup of three variants of the BYD ATTO 3 – Dynamic, Premium and Superior – is a significantmilestone for us and a pivotal moment in India’s electric vehicle landscape. We have also introduced the Cosmos Black Edition, adding an element of style and colour to our new lineup. Our diversified offerings not only expand our product portfolio but also pave the way for a more inclusive EV future. We aim to make premium electric mobility accessibleto a broader audience. With the launch of these new variants, we are one step closer torealizingthis vision.”

The three new variants of the BYD ATTO 3, equipped with the ultra-safe Blade Battery, are going to mark a new era in electric vehicles segment in India, offering a fine balance between accessibility and range. The range furthers customer choice with a battery capacity of either 49.92kWh or 60.48kWh. This lineup of Born EV SUVs offers rapid charging from 0% to 80% within 50 minutes. Its dynamic exterior, rhythmic interior, and advanced featurestailored to customer preference such as 7 airbags, a panoramic sunroof, and a 360° holographic imaging system, make the new variants of the BYD ATTO 3further the cause of sustainable motoring. 

BYD continues to make its mark on the global stage, achieving an impressive total of 7.3 million sales worldwide. As a proud Fortune 500 company, BYD has demonstratedits market strength andcommitment to excellence. BYD’s sustained position within the Top 10 global automotive brands, as per the Kantar BrandZ Most Valuable Global Brands 2024 report, and a brand value exceeding US$10 billion, attests to the success and the trust customers have in the brand. The company will continue to accelerate the transition towards a greener future and contribute to its vision to ‘Cool the Earth by 1°C’.

 

• The moto g85 5G is the first moto g series device with a 3D curved endless edge, 120Hz pOLED display withsegment’s best CorningGorilla Glass 5 protection.
• It also offers the segment’s leading,shake free 50MP OIS –Sony LYTIA ™ 600 Camera for incredible pictures and videos in any light.
• The moto g85 5G comes out of the box with the revolutionary Smart Connect feature which ensures effortless connectivity between devices to enable easy share of files, stream phone apps and more across your phone, PC, tablet and more just with a swipe.
• The moto g85 5G also comes with the segment’s best in-built 12GB RAM + 256GB storage and is also available in 8GB + 128GB variant.
• To ensure an immersive multimedia experience, the moto g85 5G offers dual speakers with the multidimensional sound of Dolby Atmos® and Hi-Res audio.
• The device is extremely sleek (7.59mm) and lightweight (172gm) and comes in three premium colours and finishes, namely – Olive Green (Vegan leather) | Cobalt Blue (Vegan leather) | Urban Gray (Acrylic Glass – PMMA)
• The device will go on sale starting16th July, 12PM on Flipkart, Motorola.in and leading retail stores at an effective starting price of just Rs. 16,999*
• Consumers can either avail an instant bank discount of Rs.1000* OR exchange top-up of Rs. 1000* on the value of the old device to achieve the effective price. Further, consumers can also avail up to 9 month No Cost EMIs from leading banks – starting at just Rs. 1,889* per month.

Motorola, India’s best 5G smartphone brand^, today announced the launch of the moto g85 5G. The first ever moto g series smartphone with a groundbreaking 3D curved, endless edge display. The moto g85 5G offers numerous segment first and best features, such as the segment’s best 3D curved 120HzpOLED display with Gorilla Glass 5 protection and 1600 nits brightness. Segment’s leadingshake free 50MP OIS camera with the incredible Sony LYTIA™ 600 sensor, a sleek, lightweight and super-premium design with pantone curated coloursplus a disruptive software experience with the revolutionary Smart Connect. Along with this, the moto g85 5G also boasts the segment’s best 12GB RAM + 256GB storageand supportsincredible 5G performance with 13 5G Bands, support for VoNR and much more at an effective price of just Rs. 16,999* (8+128GB) and 18,999* (12+256GB).

 

The moto g85 5G brings details to life with an immersive 6.7″ pOLED endless edge display that gives a continuous view from edge to edge with infinite contrast and cinematic colour. The display delivers over a billion shades of film-quality colour owing to its 10-bit depth and DCI-P3 colour gamut and comes withthe segment’s best Gorilla Glass 5 protection. Its FHD+ resolution delivers images that are remarkably sharp and detailed without any pixelation, moreover,a super-smooth 120 Hz refresh ratemakes switching between apps, playing games, and scrolling websites smoother and seamless. The moto g85 5G’s display also comes with SGS Eye Protection and 1600 nits of peak brightness for a comfortable viewing experience and an on-display fingerprint protection.

 

The 50MP main camera on the moto g85 5G uses a powerful Sony LYTIA™ 600 sensor and Quad Pixel technology for 4x better low-light sensitivity, resulting in sharper and more vibrant photos, in all lighting conditions.Additionally, all-pixel focus provides 32x more focusing pixels for faster, more accurate performance in low-light environments and Optical Image Stabilization (OIS) automatically compensates against blurred images and videos due to unwanted camera movement. The secondary rear camera is an 8MP ultrawide + Macro vision camera which fits 4x more in the frame as compared to a standard lens and macro vision camera bringsusers closer to the subject than a standard lens to capture details they would otherwise miss. On the front, users get a 32MP high resolution selfie camera with Quad Pixel technology that combines every four pixels into one for 4× better low-light sensitivity and brilliant results.

 

Google Photos is the home for all the photos and videos, which are automatically backed up and organised so they’re easy to view, edit and share. Plus, consumers get access to amazing editing and AI tools, including Magic Editor, Magic Eraser, Photo Unblur, and more.

 

Consumers can make a statement with the moto g85 5G with its super sleek (7.59mm) and lightweight (172gm) form and its endless edge design, the curved display and rear inlay that blend seamlessly for a sophisticated look that feels as good as it looks. Users can choose from vibrant colors with a luxurious vegan leather finish or a refined acrylic glass PMMA finish.

 

To ensure seamless cross device connectivity and amplify the device’s capabilities, the moto g85 5G comes with Smart Connect. Smart Connect creates an immersive experience with the power of a lightning-fast processor letting users enjoy their favorite mobile games on their big screen TV. Users can also connect a Bluetooth® controller for an even more exhilarating gameplay. Smart Connect gives a desktop computing experience right from the smartphone by allowing users to use all their apps on an external monitor and even connecting Bluetooth® keyboard and mouse. Furthermore, Smart Connect also makes other features and functionalities of the phone integrate seamlessly with other devices such as PCs and tabletsfor video chats, file sharing, app streaming, and even access to the smartphone’s camera.

 

The moto g85 5G offers 13 5G bands with VoNR support, 4×4 MIMO, and up to 4 carrier aggregation for an exceptional 5G performance. Further, moto g85 5G eliminates all performance and storage worries with the segment’s best 12GB RAM + 256GB storageconfiguration along with the latestSnapdragon 6s Gen 3 processor from Qualcomm. Storage can be expanded up to 1 TB using a microSD card and the RAM boost 3.0 feature temporarily turns storage into virtual RAM of up to 24GB whenever extra speed and processing is required.

 

Commenting on the launch,Mr. T.M. Narasimhan, Managing Director, Mobile Business Group – India, said, “This launch truly embodies our commitment to offering consumers industry-first innovations at the most accessibleprice points, aligning with our goal of democratizing technology for all. The moto g85 5G offers exceptional featuresfrom our popular edge series at an even more compelling price point. This product surpasses the current offerings in the Indian smartphone market, empowering individuals to explore unparalleled smartphone experiences and connectivity effectively.”

 

The moto g85 5G is the first g series smartphone to feature Motorola’s groundbreaking endless edge design and curved rear inlay that blend seamlessly together. The device is extremely comfortable to hold with its light, ultra-thin frame and 2 premium finishes- a vegan leather finish for a soft, tactile feel with an added touch of luxury and a PMMA finish that exudes elegance.

 

To ensure an immersive multimedia experience, the moto g85 5G also offers the multidimensional sound of Dolby Atmos® along with its marvelous display. Two powerful stereo speakers produce high-quality audio output with incredible richness and clarity with 4x more powerful bass and crisp, clean vocals. Additionally, the moto g85 5G fuels up fast with TurboPower™ 33 W charging and a massive 5000mAh battery offering over 34 hours of battery life. The smartphone runs on Android 14 out of the box with assured upgrades to Android 16with 2 OS upgradesplus 4 years of security updates.

 

 

Availability:

 

Moto g85 5G will be available in three premium pantone curated colours and finishes, namely – Olive Green (Vegan leather) | Cobalt Blue (Vegan leather) | Urban Gray (Acrylic Glass – PMMA). The device will be available in two storage variants – 8GB RAM + 128GB Storage or 12GB RAM + 256GB Storage and will go on sale starting 16^th July 2024, 12PM onwards on Flipkart, Motorola.in and leading retail stores across India.

 

Pricing & Launch Offers:

Launch Price:

8GB + 128GB: Rs. 17,999

12GB + 256GB: Rs. 19,999

Effective Price – Including Offers

 

8GB + 128GB: Rs. 16,999*

12GB + 256GB: Rs. 18,999*

 

 

Affordability Offers:

 

·         Rs. 1,000 Instant Discount on leading bank credit cards and credit card EMI transactions.

OR

·         Rs. 1,000 exchange top-up (only on Flipkart. Applicable only on exchange of old devices)

·         Upto 9 month No Cost EMIs starting at just Rs. 1,889 per month from leading banks.

 

To know more about the product visit: https://www.flipkart.com/motorola-g85-5g/p/itm1c4b849213a0e?pid=MOBHY9PQMNCMDVCD

 

Operator Offers:

Total Benefits worth Rs. 10,000 from Reliance Jio (Applicable on pre-paid plan of: Rs. 449)

– Cashback worth Rs. 2000

– Partner coupons worth Rs. 8000

 

To know more about the offer: https://www.jio.com/en-in/jio-motorola-g85-offer-2024

 

Disclaimers:

*Including all offers

^As per TechArc report 2023

Certain features, functionality and product specifications may be network dependent and subject to additional terms, conditions, and charges. All are subject to change without notice. MOTOROLA, the Stylized M Logo, MOTO and the MOTO family of marks are trademarks of Motorola Trademark Holdings, LLC. Android is a trademark of Google, LLC. Corning and Gorilla are registered trademarks of Corning Incorporated.The High-Res Audio logo is the registered trademark held by Japan Audio Society. Hi-Res Audio Logo standard defined by Japan Audio Society. The Logo is used under license from Japan Audio Society. “LYTIA” is a registered trademark or trademark of Sony Group Corporation. Qualcomm Snapdragon® is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm and Snapdragon® are trademarks of Qualcomm Incorporated, registered in the United States and other countries.  All other trademarks are the property of their respective owners. ©2024 Motorola Mobility LLC. All rights reserved.

Detailed Specifications: moto g85 5G

Operating System	Android™ 14
Memory	8GB / 12GB with RAM Boost 3.0
Storage	128GB / 256GB built-in | Non Expandable
Body	PU Vegan Leather / 3D PMMA
Dimensions	161.91 x 73.06 x 7.59mm
Weight	Around 172 g
Water protection*	IP52
Display	6.67″
Display Technology	pOLED 3D Curved Display| 120Hz refresh rate | 10 bit | 100% DCI P3 | 1600 Nits | Punch Hole | LTPS | SGS protection
Display Protection	Corning® Gorilla® Glass 5
Display Touch Sampling Rate	Normal 240Hz | Game 360 Hz
Dsiplay Certifications	SGS Low Blue Light | SGS Low Motion Blur
Display Resolution	Full HD+ (2400 x 1080p) | 395ppi
Display Aspect Ratio	20:9
Display Screen-to-body ratio	Active Area-Touch Panel (AA-TP): 93%
Battery	5000mAh
Charging	TurboPower™ 33W
Bands (by model)*	13 5G Bands, 3CA, 4X4 MIMO, VoNR 5G: NR band n1/n3/n5/n7/n8/n20/n28/n38/n40/n41/n77/n78 | 4G: LTE band 1/2/3/5/7/8/18/19/20/26/28/32/38/40/41/42 | 3G: WCDMA band 1/2/5/8/19 | 2G: GSM band 2/3/5/8
Main Rear Camera	50MP OIS Sony LYTIA 600 f/1.8 aperture 0.8 μm pixel size | Ultra Pixel Technology Quad PDAF – All Pixel Focus Optical Image Stabilization (OIS)
Camera 2	8MP Ultrawide angle (119° FOV) Macro Vision | Depth f/1.67 aperture 1.12μm pixel size PDAF
Flash	Single LED flash
Rear camera software	Ultra-Res Dual Capture Spot Color Night Vision Macro Vision Portrait Live Filter Panorama AR Stickers Pro Mode (w/ Long Exposure) Smart Composition Auto Smile Capture Google Lens™ integration Active Photos Timer High-res Digital Zoom (Up to 8x) RAW Photo Output HDR Burst Shot Assistive Grid Leveler Watermark Barcode Scanner Quick Capture Tap Anywhere to Capture
Rear camera video capture	Rear main camera: FHD@30fps, FHD 20:9@30fps 1920×864, FHD@60fps, FHD 20:9@60fps 1920×864 Rear macro camera: FHD@30fps, FHD 20:9@30fps 1920×864″
Rear camera video software	Dual Capture Spot Color Timelapse (w/ Hyperlapse) Macro Slow Motion Video Stabilization Video Snapshot Efficient Videos
Front camera hardware	32MP f/2.4 aperture 0.7μm pixel size | Quad Pixel Technology for 1.4μm
Front camera software	Dual Capture Spot Color Portrait Live Filter Group Selfie Pro Mode (w/ Long Exposure) Auto Smile Capture Gesture Selfie Active Photos Face Beauty Timer Selfie Animation RAW Photo Output HDR Assistive Grid Leveler Selfie Photo Mirror Watermark Burst Shot Tap Anywhere to Capture
Front camera video capture	9@30fps%201920×864%22” style=”color:rgb(5,99,193)”>FHD@30fps, FHD 20:9@30fps 1920×864″
Front camera video software	Dual Capture Spot Color Timelapse (w/ Hyperlapse) Face Beauty Video Snapshot Efficient Videos
SIM Card	Dual SIM (2 Nano SIMs)
FM Radio	No
Smart Connect	Yes
Speakers	Stereo speakers with Dolby Atmos + Hi-Res sound
Microphones	2
Headset Jack	NA
Bluetooth® Technology	Bluetooth® 5.1
Wi-Fi	Wi-Fi 802.11 a/b/g/n/ac | 2.4GHz & 5GHz | Wi-Fi hotspot
Ports	Type-C port (USB 2.0)
NFC	No
Location Services	GPS, A-GPS, LTEPP, GLONASS, Galileo, QZSS,
Sensors	Fingerprint on display, Proximity, Accelerometer, Ambient Light, Gyroscope, SAR sensor, Sensor Hub, E-Compass
Security	Fingerprint on display, Face unlock
Inbox Accessories*	Protective cover, 33W charger, USB cable, guides, SIM tool
SW Upgrade Policy	2 Years OS Upgrade 4 Years SMRs
System Architecture / Processor	Qualcomm SD 6s Gen 3 (6 nm), Octa-core (2×2.30 GHz Cortex-A78 & 6×2.0 GHz Cortex-A55), Adreno 619 900 Mhz
My UX	Personalize: Theme, Wallpaper Display: Peek Display, Attentive Display Gestures: Quick Capture, Fast Flashlight, Three-Finger Screenshot, Flip for DND, Pick Up to Silence, Lift to Unlock, Swipe to Split, Quick Launch Play: Media Controls, Gametime Tips: Take a Tour, What's New in Android 14
Voice control	Google Assistant
Colors (Internal Name)	Olive Green (Vegan Leather) | Cobalt Blue (Vegan Leather) | Urban Gray (Acrylic Glass – PMMA)
Device name	moto g85 5G

 

·         53% of the developers saw a rise in buyer enquiries and engagement in 2023 compared to 2022

·         About half of the surveyed developers feel that residential demand would remain stable in 2024

·         Developers confident of an upward trajectoryofhousing prices in 2024

·         Nearly two-thirds of developersare willing to explore alternate segments like plotted developments, branded residencesetc. within housing

Over the last 2-3 years, the housing market has seen an uptick in demand across the tier I and II cities of the country and developers are optimistic that the momentum is likely to continue in 2024. As per theDeveloper Sentiment Survey conducted by CREDAI and Colliers, during April-May 2024, about half of the surveyed developers are confident of buoyant residential demand in 2024.Amidst strong demand, about 52% of the developers panIndia expect housing prices to rise in 2024. During 2023, averagehousing pricesacross the eight major cities of the country saw a 9% YoY rise.The trendpersisted in Q12024 with a 10% YoY rise and is likely to continue for the rest of the year, albeit at a steady softer pace.

Boman Irani, President, CREDAI, shares his remarks “India's ambition to become a USD 7 trillion economy by 2030 is driven by the transformative power and multiplier effect of infrastructure and real estate. This has also been validated in the past few quarters with Real Estate’s robust growth and volume of transactions being reflected in the strong QoQGDP growth numbersclocked by the Indian economy.As we approach the 2024-25 financial budget, the “Real Estate Developers’ Sentiment Survey 2024” comprehensively leverages the strong network of developer members of CREDAI and encapsulates their insightful perspectives to potentially enhance the conduciveness of the current real estate eco-system in India, and cohesively build towards the collective vision of ‘Viksit Bharat’. The survey suggests thatthe current developer sentiment remains largely positive with more than half of the respondents feeling bullish about the sustenance of the current market dynamics in 2024. However, tackling rising construction costs and rationalization of taxes remain key expectations from the new Government, with more than 50% of Developers seeking constructive solutions for the same.”

The report Real Estate Developers’ Sentiment Survey 2024presentsdevelopers’ assessment regarding the performance of residential segmentin 2023 and the likely trajectory of the housing market in 2024. Responses from over 550 respondents from 18 states across India were compiled and analyzed using stratified sampling method.

Key survey results –

53% of the developers feel that buyer enquiries and engagement increased in 2023 compared to 2022

45% of the developers saw a 10-20% rise in construction costs in 2023 amidst rising input costs

About half of the developers feel that residential demand would remain stable in 2024, followed by 27% who feel that the demand would increase by up to 25%

52% of the surveyed developers expecthousing prices to increasein 2024

25% of the developers are willing to explore plotted developments as an alternative business model, followed by branded residences which were preferred by 21% developers

More than 80% developers believe that NRI demand for residential properties will increase

Almost 50% of the developers wish for significant reduction in costs either through tax rationalization or decrease in interest rates

Source: Colliers, CREDAI

“With over 50% of surveyed developers witnessing a rise in homebuyer enquiries,residential real estate has been on anupswing throughout 2023. This strong streak is expected to continue in 2024 largely led by stable interest rates, continued inclination for home ownership and positive market sentiment. Going ahead, developers anticipate a rise in housing prices, which reflects their confidence in the residential market. With significant new launches over the last two years, unsold inventory levels have expanded; thuslaunches are expected to moderate in the near-midterm.Developers are likely to carefully monitor the market trends andbe more strategic while launching new projects.”said Badal Yagnik, Chief Executive Officer, Colliers India

Plotted developments and branded residences on developers' cards

With evolving demand trends and lifestyle patterns, about 66% developers are keen to explore alternatebusiness segments like plotted developments, branded residences, senior living etc. Factors such as privacy, green spaces and spacious dwellings have accelerated demand for plotted developments in urban areas, especially in tier II cities. Furthermore, branded residences are picking up pace across the tier I cities of the country led by increased affinity for unique living experiences, aesthetics, and luxurious amenities.Interestingly, about 30% of the developers are willing to explore and diversify into other asset classes including developments like warehousing/logistics parks and data centers.

Developers positive about NRI demand for housing

Over 80% of the surveyed developers are confident of an increase in housing demand from NRIs during 2024, led by the country’s attractive investment landscape, a favorable regulatory environment and potential for investment gains. To cater to this growing demand, developers are likely to launch upscale residential projects in relevant micro-markets across cities.

Tax rationalization, sops for affordable housing, single window clearanceare the major expectations of developers

As per the survey, majority of the developers expect tax rationalization, sops for affordable housing and single window clearance from Budget 2024.Furthermore, GST related input tax concessionandinterest rate reductioncould provide financial elbowroomto developers and improve financial viability of projects.Moreover, about 30% developers expect improvements in ‘Ease of doing business’, facilitated by an improved regulatory framework, supportive governmentpolicies and streamlined approvals. Such all-encompassing measurescan further improve the investment landscape of thecountry and the housing demand.

Enabled on the ‘Impact Whey Protein' packaging, customers will have the ability to verify authenticity and access product information

 

Myprotein, India’s foremost online sports nutrition brand, announces a significant enhancement to their overall commitment to the Indian market. Introducing the innovative ‘Authentication QR Code’ feature, consumers can now easily verify and confirm the authenticity of their purchases. This feature provides access to important data such as authenticity, country of origin, best before date, and batch number.

 

Strategically positioned on the back of every unit of Impact Whey Protein, the QR code provides customers with convenient access to essential product information. Through proactive measure and understanding the sentiments of customers in the country, Myprotein aims to safeguard customer health and combat counterfeit products in the market.

 

Commenting on the development, Sudeshna Saha, Regional Manager India, Myprotein said,”We're thrilled to introduce the authentication QR Code feature on our Impact Whey Protein packaging. This innovative addition not only reinforces our dedication to delivering high-quality products but also empowers our customers to make informed purchasing decisions. Our customers can now enjoy their favorite protein products with confidence, knowing they are receiving genuine, high-quality nutrition.”

 

To further educate consumers about this new feature, Myprotein has released an informative video across social media platforms, outlining the simple steps to authenticate their product. Link