WEB NEWS

  Launches 18-East - a plush commercial project at Koregaon Park Annexe by Priya J Pune, July , 2022:   Merlin Group, One of the nation’s leading real estate conglomerates focused on highly sustainable projects with a strong presence in eastern India and across some major states, has announced formally the entry of the group in the burgeoning Pune realty market today. The group is all set to change the skyline of the city with an array of ambitious projects across the length and breadth of the vibrant city. Merlin group is one of the most trusted brands for nearly four decades and developers of over 20 million sq. ft. of projects in Kolkata alone with presence in Chennai, Raipur, Ahmedabad, Bhubaneswar and Colombo, Sri Lanka. The group has established its trust and credibility across the country and beyond. It has gone beyond buildings to win hearts and change lives through superior technology and quality craftsmanship. The group is planning to set its footprint in the re...

by Priya J Historically Highest ever launch of new homes in Pune residential realty market at 1,15,996 - a surge of 80% Highest ever sales for the year at 1,05,625 homes, an increase of 24% Average rates per sf up to Rs. 5,208 per sqft, an increase of 8.11% Inventory available for sale drops 30% below peak of 1,07,402 apartments seen in Jun ’16 Pune, July, 2022: The residential real estate segment gained significant momentum in the first half of 2022. In a bid to meet the supply deficit in Pune’s residential realty market triggered by stalling of projects due to Covid-19 pandemic, developers continued the trend of an increased number of new homes being brought to the market as per the Gera realty Report. For the half year ending Jun’21, a total of 26,611 units were brought to the market.  This has risen by 106% to 54,845 homes being brought to market in the first half of 2022. For the 12 months from July 2020 – July 2021, a total of 64,671 homes were brought to the market. This inc...

Wonderla signs agreement with Odisha Government to lease 50.630 acres land by Priya J National, June 30, 2022:  Wonderla Holidays Ltd, India's largest amusement park, announced the signing of an agreement with Odisha government for the development of an amusement park project in Bhubaneshwar, on Wednesday. Wonderla has leased a 50.630-acre land for 90 years in the village of Kumarbasta, Khorda district in Bhubaneshwar, Odisha.  Wonderla is planning for a 115-crore investment project based on an asset -light business model. “The Odisha Government had invited Wonderla Holidays to their state to set up a park in Bhubaneshwar and have been very helpful. They have been giving us a lot of favourable terms and a lot of incentives are being given for us to set up the park in Bhubaneshwar. The funding for the same will be a combination of internal accruals and some debts according to internal reports,” said Mr. Arun K Chittilappilly, Managing Director, Wonderla Holidays. Wonderla Holid...

by Priya J Bangalore, July :  Indian Ultra Runners stole the show in the Ageas Federal Life Insurance IAU 24H Asia and Oceania Championships, winning the Men’s Individual and Team titles here at the Kanteerava Stadium on Saturday-Sunday. Led by the formidable Amar Singh Devanda, the Indian’s men’s team clocked a combined total of 739.959 km over the scheduled 24 hours, starting from 8 am on Saturday, to comfortably clinch the gold medal. Amar Singh managed a personal best of 258.418 km, which was over 18 kilometres more than his previous most, to outshine the field. He was followed home by Saurav Kumar Ranjan (242.564) and Geeno Antony (238.977), to make it a clean sweep for India in the Individual Championships. Australia (628.405) and Chinese Taipei (563.591) clinched the second and third positions. “We are delighted that India’s runners came up with such a strong performance. Our congratulations to each of the winners who showed true grit and courage to stay on the track for 24 ...

  ›     Sells record-breaking 6,023 cars in June 2022 ›     Overtakes 2021 annual sales at half-year mark in 2022: 28,899 sales in H1 2022 higher than 23,858 annual sales in 2021 ›     On track to register 2022 as Biggest Year for sales in India by Priya J Mumbai,July 2022  – While the monsoons are just about setting in across the country, it’s raining records at ŠKODA AUTO India. INDIA 2.0, an endeavour that began in 2018, is seeing the company break its own sales records and set new ones month after month. June 2022 has seen 6,023 ŠKODAs find new homes across India. This is after breaking a decade-old record with 5,608 units in March 2022. Year-on-Year, June 2022 is a rise of 721% compared to the 734 cars sold in June 2021. Above all, ŠKODA AUTO India have crossed the annual sales of 23,858 units in 2021 with 28,899 units already sold in H1 2022. Zac Hollis, Brand Director, ŠKODA AUTO India , said, “Both our INDIA 2.0 product...

Located in Ghatkopar (W), this will be the first IKEA store to be housed in a shopping mall in India by Priya J Mumbai, 2022 :  Continuing its omnichannel expansion in India, IKEA, the world’s leading Swedish home furnishings retailer, today announced the location of its second small-format city store in India. The new store is slated to open in Mumbai’s famous retail destination, R CITY Mall at Ghatkopar (W). IKEA R CITY will be the first in-mall store for IKEA in India. This store will strengthen IKEA’s commitment to expand its omnichannel presence in Maharashtra and become more accessible to the many people of Mumbai. Spread across 72000 sq ft of retail space, the store will be opened to the public in the coming months. The store will be located on the 3 rd  floor of the shopping mall. It will offer customers a range of  7000+  well-designed, affordable, sustainable, and functional products. It will be connected to IKEA’s restaurant with 130 seating capacity that ...

by Priya J National, June, 2022  – Shell today launched a used oil management service, a new initiative to organise India’s waste oil disposal system and to increase the rate of re-refining, as it aims to achieve circular economy goals while reducing waste. This is part of Shell’s overall commitment to achieve net-zero emissions by 2050. As part of the initiative, Shell has partnered with used oil re-refiners to initiate collection and re-refining of used oil on a pan India basis. These partners share the vision of driving circular economy for the lubricants industry. Shell plans to strengthen its network of partners to further scale-up the initiative in the coming years. The service aims to create an ecosystem for transitioning used oil disposal, which is acknowledged as being the biggest challenge in promoting circularity in the industry, to a formal setup. Shell intends to create awareness about best practices for waste oil management and help set standards for RRBO in collabora...