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Thursday, April 26, 2018

Bengaluru housing sector outstrips Hyderabad, Chennai in Q1 2018

Bengaluru housing sector outstrips Hyderabad, Chennai in Q1 2018

Addition of nearly 6,800 new units marks 127% increase over previous quarter

Emerging as the front-runner in the major South Indian markets in terms of new housing supply infusion, Bengaluru saw significant growth in new housing launches as well as absorption in Q1 2018. In fact, Bengaluru saw highest launches among these markets with nearly 6,800 new units supply in comparison to Hyderabad and Chennai, which saw the launch of 2,600 and 2,100 units respectively. Bengaluru also leads on the absorption front, with a total of 11,500 units sold in Q1 2018.

“Increased commercial activity, positive buyer sentiments, infrastructure upgrades and improved job opportunities in the city have given a major fillip to Bengaluru’s housing market,” says Anuj Puri, Chairman – ANAROCK Property Consultants. “This market is largely driven by the end-users who were in wait-and-watch mode so far. These buyers have now actively returned to the market on the back of the overall sentiment upsurge resulting from the Bengaluru’s rapidly improving market fundamentals.”

(Supply & absorption trends - Bengaluru, Hyderabad & Chennai)

Bengaluru realty on an upswing

“Even at a pan-India level, Bengaluru’s residential market is currently only second to the Mumbai Metropolitan Region (MMR) in terms of supply and absorption for Q1 2018,” says Puri. “This enhanced market performance is primarily led by increasing demand from the IT-ITeS sector, which has belied the fears of US President Trump’s policies putting a fatal dent into India’s InfoTech story.  Other factors at play in Bengaluru are the thriving start-up ecosystem across the city, the presence of excellent education and healthcare facilities, and constantly improving physical infrastructure.”

(Supply & absorption trends – Top 7 cities)

A closer look at the city-level data of a q-o-q launch analysis clearly reveals a massive increase in Bengaluru’s housing launch supply - from 3,000 units in Q4 2017 to 6,800 units in Q1 2018, accounting to nearly 127% increase. The data further reveals that unsold housing stock in the city declined by nearly 5% - from 96,000 units in Q4 2017 to 91,000 units in Q1 2018. Also, property prices have seen a marginal increase of 1% from Q4 2017 to Q1 2018, with the current average property prices in Bengaluru being ₹4,850/sq.ft. 

Besides housing many HNIs, the city is also home to several mid-level IT professionals who have added to the demand for mid-segment (₹ 40 lakh - ₹ 80 lakh) housing. Micro markets that have multiple options in this segment include Whitefield, Outer Ring Road, Sarjapur Road, and Electronic City, and also a few locations in North Bengaluru. Affordable housing options (< ₹40 lakh) are also fast catching up in the suburbs of Hosur Road, Mysore Road, etc.

Out of total 6,800 units launched in Q1 2018, nearly 84% (5,700 units) fall in the mid-segment category. Of these, the majority were launched in South Bengaluru and North Bengaluru (which accounted for 34% and 31% of the mid-segment supply respectively). The supply in the critical mid-segment category has seen a major uptick in Q1 2018 - from 1,400 units in Q4 2017 to 5,700 units in Q1 2018. Overall, the mid-segment housing category saw an increase of more than 300% in this quarter, while the ultra-luxury segment saw a decline.

Region-wise market drivers

  • In North Bengaluru, the proposed developments including the Information Technology Investment Region (ITIR), aerospace SEZ, Devanahalli Business Park, Global Financial District, etc. are driving growth. Proximity to the airport, the elevated expressway and metro rail corridor development have also upped the game for North Bengaluru.
  • Residential growth in East Bengaluru is driven by the presence of large IT hubs and several key infrastructure upgrades in recent times. The under-construction Purple Line extension of metro rail corridor up to Whitefield will ease traffic in the region and has caused an upsurge in homebuyer interest in East Bengaluru.
  • In West Bengaluru, availability of large land parcels, its industrial areas and metro rail corridor development have been the main residential market boosters. This region will see a major infusion of residential developments in the future.
  • South Bengaluru is largely driven by demand from the IT hub of Electronic City) and various infrastructure upgrades, including the under-construction metro project (proposed yellow line from RV road to Bommasandra). South Bengaluru is seeing a spurt in residential activity, particularly in the mid-segment category.

These overall market indicators showcase strong Q1 2018 growth in the Bengaluru residential real estate market. Appreciation of capital and rental values is certainly on the cards for this city in the foreseeable future.

Arun Chitnis
Media Relations
ANAROCK Property Consultants Pvt. Ltd.

Office No. 901A 9th Floor, ONYX,
Next to Westin Hotel, Koregaon Park,
Pune – 411001

M: +91 9657129999

Microsoft India is the India’s most attractive employer brand, Amazon India second: Randstad Employer Brand Research 2018


Microsoft India is the India’s most attractive employer brand, Amazon India second: Randstad Employer Brand Research 2018

·         Importance for competitive salary and job security increases
·         46% of the workforce indicates that they plan to change their employer this year

Chennai, 25th April, 2018: 

Microsoft India, the technology giant, is India’s most ‘attractive employer brand’, reveals the findings of Randstad Employer Brand Research (REBR) 2018, the world’s largest independent employer branding survey conducted by Randstad, one of the country's leading HR service providers. Amazon India emerged as runner-up; a first for the e-commerce firm in the top two. Microsoft India also emerged as the winner of the 8th edition of Randstad Award, based on REBR 2018. The company had previously won the most attractive employer brand title from 2011-14. 

The sectoral specific winners for the most attractive employers this year are Tata Consultancy Services for IT, Larsen & Toubro for Infrastructure & Construction and Hindustan Unilever for FMCG.

The Randstad Employer Brand Research, covering 75% of the global economy with 30 participating countries and more than 1,75,000 respondents worldwide, clearly reveals that in 2018, salary and employee benefits continue to be the top driver among the Indian workforce across all profiles while choosing an employer, followed by work-life balance and job security.

It is interesting to note that the importance accorded to salary and job security as factors considered while choosing an employer has increased even further compared to 2017, across all work profiles. Respondents from the manufacturing industry reflected this trend more than others by rating salary and benefits (52%) and job security (48%) as their top two factors while choosing an employer, followed by strong management (44%) and work-life balance (42%).

Presenting the survey insights, Paul Dupuis, MD & CEO Randstad India said, “Employer Branding has never been more important than it is now. Candidates have choices, not only where they decide to work but in what capacity. Organizations must have a story, a greater purpose and a clearly defined North Star which defines why they exist”.
“The rise of the gig economy, especially among the millennials poses a challenge for more traditional organizations. Adjusting to the emerging trends and motivational buttons of the ‘new breed of candidate’ gives an organization a keen edge on attracting and leveraging the best talent. As people work for cultures, not companies, their perception of you as an employer is of paramount importance”, he added.
Top 5 influencing factors while choosing an employer & EVP driver importance by gender:

Salary and employee benefits (48%), work-life balance (44%), job security (42%), career progression (39%) and strong management (39%) are the top 5 influencing factors for the Indian workforce while choosing an employer.

Salary and benefits, work-life balance and job security are the top 3 criteria for men and women alike while choosing an employer. Interestingly, men prefer organizations with strong leaders while women find employers who offer robust training programmes more attractive.

Top 10 most attractive employer brands in India for 2018:
(In alphabetical order)

·         Amazon India
·         Hindustan Unilever
·         IBM India
·         ITC Group
·         Larsen & Toubro
·         Mercedes-Benz India
·         Microsoft India
·         Samsung India
·         Sony India
·         Tata Consultancy Services

Other key findings from the Randstad Employer Brand Research 2018

Top reasons Indian employees stay or leave:

Job security emerged as the top factor for an employee to stay with the current employer, with 45% of the survey respondents indicating this. Providing increased career growth opportunities could be a great asset for organizations to attract at least 43% of the workforce, who said they left their employers for this reason.

Top 3 actions Indian employees take in order to stay employable:

49% of the workforce indicated that in order to stay employable and engaged at work, they tend to be open, flexible and also showcase a willingness to change. An equal number of survey respondents (47%) mentioned that they undergo skill development trainings, courses etc. to keep their skills up to date and also adopt the latest techniques and technologies to stay employable.

As per the survey findings, men are more likely than women to be open and flexible to change and women are most likely to keep their skills up to date by trainings or courses.

Top 3 sectors in India by awareness and attractiveness:

The survey also highlights that the Indian workforce prefers to work for companies operating in sectors like IT & ITeS (69%), followed by Automotive (68%) and Retail & FMCG (67%).

About Randstad Employer Brand Research (REBR) programme:

The Randstad Employer Brand Research programme is based on a robust research platform that gives unique insight into the key drivers of talent attraction within our country and across the world. The 30 participating countries are from Europe, Asia Pacific and the Americas, where Randstad has active presence. In each country, 150+ large companies are chosen for the survey. 

This company list is presented to a representative cross-section of relevant respondents: around 3,500 potential and employed workforce between the age group of 18-65. There is more emphasis on people aged between 25-44 years. Unlike similar surveys, HR officers, staff members or experts are not invited to take part in the survey, which guarantees maximum objectivity. 
The respondents are asked to identify the companies they recognize and then to indicate whether or not they would like to work for them. In the next step, they evaluate the relative attractiveness of each of the selected companies based on key factors. 

About Randstad India:

Randstad India offers the broadest HR services portfolio ranging from Staffing, Search & Selection to Recruitment Process Outsourcing (RPO). The organization has a vast network of offices across the country to be within the reach of clients, candidates and flexi workers. The company, previously called Ma Foi is a leader in the HR services industry in India for the past 25 years and became part of Randstad through its global acquisition of Vedior in 2008. 

The Randstad Group is one of the leading HR services providers in the world, active in 39 countries across the globe. Randstad India continues to focus on developing customized and innovative HR services, leveraging on its unique strengths of geographical presence and end-to-end capability across all HR service functions.

For more information:

About Randstad:

The Randstad Group is a global leader in the HR services industry and specialized in solutions in the field of flexible work and human resources services. We support people and organizations in realizing their true potential. 

Our services range from regular temporary Staffing and permanent placements to Inhouse Services, Professionals, and HR Solutions (including Recruitment Process Outsourcing, Managed Services Programs, and outplacement). Randstad has top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Italy, Mexico, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, the UK, and the United States, and major positions in Australia and Japan. At year-end 2017, Randstad had 38,331 corporate employees and 4,858 branches and Inhouse locations in 39 countries around the world. In 2017, Randstad generated revenue of € 23.3 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information, see

For any further queries, please contact:
Manjulakshmi:  +91 9916993240 |
Abhijit Ganu: +91 9769268386 |
Richa Seth: +91 9930143531 |
Va Shivaranjne M: +91 94449 52652 T:  044 28297497

Wednesday, April 25, 2018

How blockchains can bring about social impact


How blockchains can bring about social impact?

In a recent report, the World Economic Forum defined blockchain technology as a ‘mega-trend’ that will shape society and the economy in the next decade. 

Grand View Research, a market research company, estimates the total global market size for blockchain technology at $7.74 billion in 2024. According to the Swiss financial institution UBS, blockchain technology will add as much as $300 billion to $400 billion of annual economic value globally by 2027.

Global investments in blockchain technology are on the rise as the successful implementation of use cases demonstrates the disruptive potential of the technology across various industries. In parallel, international institutions, governments, incubators and accelerators, as well as private companies and non-profits, are discovering how the technology can bring about positive social impact in multiple ways:

First, by creating trusted permanent records. Consider identity management. According to the World Bank, over a billion people are not officially recognized by any government today. 

This means they cannot enjoy the protection and services afforded to citizens of a state. Microsoft and Accenture are addressing this issue under the framework of Identity 2020, a private-public partnership promoted by the United Nations. These two companies have created a tool that processes biometric data and creates a permanent and universal identity by registering it on the blockchain. In other applications, trusted permanent records can positively impact sectors such as land regulation. 

In India, the Governments of Telangana and Andhra Pradesh have launched pilots aiming to record land ownership in the blockchain, with the aim of resolving issues related to the acknowledgment of land rights and land property disputes.

Second, by transforming the way international aid is distributed. When a government is unable to provide essential services to its population due to a natural disaster or a civil war, the international community catalyzes funds to bring relief to the affected communities. 

Despite this noble aim, foreign aid is often subject to scrutiny by civil society due to numerous cases of financial leakages, high cost of operations and lack of transparency about how funds are spent. Blockchain technology provides this much needed transparency and ease of operations. 

In a refugee camp in Jordan, a startup graduated from the World Food Program accelerator is applying blockchain technology to distribute food rations to Syrian refugees.  In real time, the technology tracks the cost of the aid program, informs donors on how their money is spent and guarantees that the rations are distributed to the right beneficiaries. The same solution is being deployed in another camp in Pakistan and aims to scale to 100,000 recipients by the end of the year. 

The blockchain technology improves the efficiency of the program and enhances the reputation of the international aid agency, thanks to the transparency offered to its donors.

Third, by making financial inclusion truly universal. Microfinance has proved to be a fantastic tool to bring large sections of the unbanked population into the realm of financial services. However, high rates of interest and operation costs associated with the disbursement and repayment of the loans, along with cumbersome procedures to assess identity and credit-risk, have still left more than two billion people unbanked according to World Bank figures. Blockchain technology can support financial inclusion by using verified individual data to assess identity and creditworthiness, hence making opening and operating a bank account fast, easy and cost-effective. 

Additionally, blockchain technology can unleash new business models based on micro-payments due to low transaction costs and reduced settlement time, thus facilitating the creation of new products and services in segments such as insurance, loans, savings and investments.

In India, blockchains are attracting the interest of both government and the private sector. In the public sector, Niti Aayog has recently announced that it is building IndiaChain, a blockchain network infrastructure that would complement IndiaStack and could even use Aadhaar. The announcement is extremely welcome as it puts the country on a similar path as that of the most advanced nations. Estonia, for example, has built its competitive advantage on its blockchain infrastructure and the public services offered through it.

In the private sector, Indian and international banks have come together under the BankChain Consortium to explore, build and implement blockchain-based solutions. The consortium is focusing on developing use cases for KYC identification, contract management, loan syndication and peer-to-peer payments, among others.

The Indian market presents unique opportunities to identify globally scalable solutions, such as in the remittances sector. India is the largest recipient of personal remittances in the world, and at YES BANK, we are looking at blockchain technology to make international transfers fast, secure and affordable for all. To achieve this goal, we are partnering with Ripple, a US-based company, to realize the enhanced efficiencies of blockchain for real-time cross-border payments.

Blockchains will bring about a massive transformation in traditional business models and generate new opportunities to create social impact. 

Through progressive government initiatives such as IndiaChain and the ethos of D.I.C.E. (Design, Innovation and Creativity-led Entrepreneurship), India has the opportunity to leverage its unique characteristics as a large, fast-growing, emerging economy, its immense IT talent, and the potential of the blockchain technology to achieve a more inclusive and sustainable economic growth for the coming decade.

Tuesday, April 24, 2018

SREI Equipment Finance NCD 9.6% April 2018 – Can I invest?

SREI Equipment Finance NCD 9.6% April 2018 – Can I invest?

SREI Equipment Finance NCD April 2018 – Who can invest?
After 10 months, SREI Equipment finance is coming up with NCD’s which offers up to 9.6% yield.

SREI Equipment Finance is one of the leading non-banking financing companies in the organized equipment financing sector in India with a principal focus on financing infrastructure equipment.  

Coastal Development Rules Mumbai : Coastal Development Rules


Coastal Development Rules Mumbai : Coastal Development Rules

Will Draft Coastal Development Rules Be A Boon For Mumbai Realtors?
In a Bombay city where space crunch has led to real estate developers look for greener pastures in far flung peripheries and while authorities are building infrastructure to cater to those who settle far away from the city centre, it may come across as good news that the draft coastal development rules are out and allow some relaxation to the developers.

The Draft issued by the Centre has not been...

Sunday, April 22, 2018

SARE Homes launches their Premium Serviced plots, OMR Chennai


SARE Homes launches their Premium Serviced plots, OMR Chennai

SARE Homes, one of India’s fastest growing real estate companies recently launched their Premium Serviced plots at their SARE Crescent ParC Township, Old Mahabalipuram Road (OMR), Chennai. The plots are strategically located between East Coast Road and Old Mahabalipuram Road link road, the dedicated IT Corridor and emerging residential hub of Chennai and are a part of SARE’sintegrated township. A total of 113 -premium serviced plots are offered at the premium and regular categories at two different sizes 1200-2400 sq ft.

Vineet Relia, Managing Director, SARE Homes said, ‘The premium serviced plots enable the buyers to build their dream home and also be a part of the SARE community and avail the benefits of amenities at the township. Buyers have the flexibility to design their home according to their choice and needs. We wish to provide our patrons, a quality lifestyle and houses they consider homes.For plot investors, there is potential for great appreciation.”

The buyers of Premium serviced plots will also enjoy the exclusive amenities pro
vided at the SARE Crescent ParC Township including round the clock security with closed circuit cameras, High Mast lighting, street lights, ATM, internal road connectivity, stormwater drains, shuttle bus services, gymnasium, reading room, swimming pool and Indoor games room. A 37,000 sq ft mega clubhouse is under construction. The township provides pedestrian friendly roads that are demarcated and kept away from areas with vehicular movement. Sewage water treatment plants and departmental stores are some of the necessary amenities extended.

The township also comprises of Dewy Terraces, (1, 2 & 3 BHK: 604–1,536 sq ft) which are ready-to-move apartments, built on stilt + four storeys with lift. The exclusive features include private balconies, reserved car parking, power back-up, panoramic landscaping and more. Expandable Villas (2 & 3 BHK: 1,297–2,308 sq ft) - Vaastu-compliant homes are also part of the township. There is provision for additional space that one can expand any time later, as the family grows.

ELSS Fund - Aditya Birla Sun Life Tax Savings Fund merges into ABSL Tax Relief ’96..!


ELSS Fund -  Aditya Birla Sun Life Tax Savings Fund merges into ABSL Tax Relief ’96..!

Aditya Birla Sun Life Mutual Fund has decided to merge their two tax-saving schemes to comply with mutual fund sector regulator SEBI’s new norms of mutual fund categorisation.
The mutual fund company released a notice announcing the merger of Aditya Birla Sun Life Tax Savings Fund into Aditya Birla Sun Life Tax Relief ’96.
Both the schemes were tax-saving schemes  (ELSS) with a 3 year lock-in period
The effective date of this merger will be May 21, 2018
 After the merger, Aditya Birla Sun Life Tax Relief ‘96 will remain an ELSS scheme with a target allocation of 80% equity and 20% debt and money market securities.
“In terms of prevailing regulatory requirements, unitholders of the Merging Scheme are given an option to exit i.e. redeem their units or /  switch to any other scheme(s) of Aditya Birla Sun Life Mutual Fund by submitting request for redemption or switch to any of existing schemes of the Fund at the prevailing NAV without payment of exit load during exit option period from April 19, 2018 till May 18, 2018 (both days inclusive and up to 3.00 pm on May 18, 2018 at designated Official Points of Acceptance of Transactions of the Fund,” the company said in the notice.

Got a salary hike? Increase your mutual fund SIP investments ..!

Got a salary hike? Increase your mutual fund SIP investments ..!
Appraisal season is here. Many salaried persons have already finalised how they would spend the extra money that would accompany a salary hike.
However, some financial advisors are reaching out to their clients to increase their investments to achieve their financial goals without any trouble.
 Got a salary hike? Increase your SIP investments in mutual funds
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