Archives April 2023

The Sweetest Superfood: Exploring the Health Benefits of Dates

The Sweetest Superfood

April 13 2023  Dates are the fruit of the date palm trees. Grown in many tropical regions around the world, dates are majorly consumed as a staple in the Islamic community. As the holy month of Ramadan approaches, Muslims around the world have started to prepare for a time of spiritual reflection and prayer. During this month, they fast all day long and while breaking that fast during Iftar, the 1st bite consists of dates as it holds a cultural and a religious importance for them.

Apart from having a religious and cultural value the reason dates are eaten during Ramadan is because of their multiple health benefits. In this article, we will explore the same and why they are perfectly suitable in your diet during Ramadan.

 

The Health Benefits of Dates-
Dates are an abundant source of energy. They are rich in fiber and essential vitamins and minerals. Here are a few benefits you must know

A house of nutrients- Dates have an excellent nutrition profile. Rich in essential nutrients such as potassium, magnesium, and iron. Just a single date contains about 15% of the daily recommended intake of potassium, which is essential for maintaining healthy blood pressure, preventing heart disease and maintaining your bone strength.

Promotes Digestive Health: Dates are rich in fiber. This helps maintain your digestive health. Fiber helps keep the body’s digestive system running smoothly, preventing constipation and other digestive problems.

Boosts Energy Levels: Dates are high in natural sugars which include glucose, fructose, and sucrose. These sugars give you an instant boost of energy, thus, making dates an excellent snack to consume during Suhoor and Iftar.

Road to a healthy Heart: Rich in antioxidants and potassium, consumption of dates reduces inflammation and prevents the collection of plaque in the brain. This eventually regulates blood pressure and reduces the risk of heart problems.

Aids in Weight Management: Low in calories and fats, naturally sweet and rich in fiber, dates can be sometimes used as an alternative to sugar while baking and cooking. The high fiber content keeps you full for a longer period of time. Thus, dates are the best snacking option as well for those aiming for weight loss.

When it comes to buying dates during Ramadan, there is no better choice than APIS. A leading brand in the world of dates, Apis offers a wide range of high-quality dates that are perfect to eat at Sehri to start the day and be energized till Iftar.

The range includes Arabian Pearls Dates (Fard), Ajwa Dates, Khudary Dates, Select Dates, and Royal Zahidi Dates and a lot more.

These quality dates are handpicked, sorted, and packed with the best techniques and hygiene to ensure that only the best quality dates reach the consumers.

One of the reasons why APIS Dates are perfect during Ramadan is because of their fine quality. Better than any other dates in the market, these are a rich source of energy. This quality benefits specially during the day when you are fasting and your energy levels are low. These dates are also a good source of fiber which keep you full and satisfied throughout the day.

In addition to their nutritional value, APIS Dates are good in taste. They have a sweet and rich flavor that makes them a popular choice for snacking as well. Whether you are looking for an instant boost of energy during Sehri or a tasty treat to break your fast at Iftar, APIS Dates are the perfect choice.

Dates are a delicious and nutritious food item that is perfect for consumption during Ramadan. Rich in vitamins, minerals, fiber, and antioxidants, these aid in maintaining your health during the fast. APIS Dates are an excellent option for people looking for high-quality dates. So this Ramadan, make sure to include dates in your Sehri and Iftar.

Oberoi Mall Celebrates 15th Anniversary

Oberoi Mall, one of the trendiest retail destinations is celebrating its 15th Anniversary with a series of fun and exciting activities from the 14th – the 30th of April.

Two-week long anniversary celebration includes Shop, Play & Win Campaign with assured Gift vouchers, and 1 Lucky winner stands a chance to win the Mega prize (TV and sound bar)

The mall will be decorated with Cherry Blossom and Champagne Gold color design elements. The Mall has also organized an award ceremony for the retailers which will be followed by fun games and refreshments on 15th April.

There’s something for everyone!

We’d Love to see you all at Oberoi Mall!

Mosaics Fine Art Festival Holds 28th Annual Event

Nearly 100 juried artists from throughout the country to participate in the St. Charles fair

(St. Charles, Mo., April 13, 2023) Mosaics Fine Art Festival will host its 28th annual event on Fri., Sept. 15 from 4 to 9 p.m., Sat., Sept. 16 from 10 a.m. to 8 p.m., and Sun., Sept. 17 from 11 a.m. to 4 p.m. The family-friendly event, which is free and open to the public, will be held along several blocks of North Main St. in Historic St. Charles, Mo. where more than 30 restaurants and over 75 shops are located.

Mosaics Fine Art Festival artist applications

The three-day festival includes approximately 100 juried artists from more than 15 states who will exhibit artwork available for purchase. Media categories include clay, drawing, glass, leather, metal, pastel, oil/acrylic, photography, printmaking, sculpture, watercolor, and wood. A total of $5,000 will be awarded to the top nine artists.

The Children’s Village area will feature hands-on art experiences for children to create their own make-and-take art masterpieces. Hours are 11 a.m. to 4 p.m. on Sat. and Sun.

The Mary Hediger Memorial Art Shop for Kids is a kids-only gallery where children ages 14 and younger can buy professional artwork. Designed to foster art appreciation at a young age, all pieces are donated by participating festival artists and can be purchased for a nominal fee.

The H. Robert Pank Memorial Music Stage will showcase a variety of performing artists throughout the weekend. The Artists for Adoption Pet Pavilion, located at the north end of the festival, will be open to families interested in adopting pets from Stray Paws Adoptables.

The Joyce Rosen Founder’s Scholarship art display will include select high school students’ works of art. Scholarships will be presented in memory of Joyce Rosen, the original festival founder and a longtime supporter of St. Louis artists and events.

The Mosaics Fine Art Festival is a nonprofit organization that showcases local and regional artists while educating the community’s children and adults in how art can enhance their lives. The festival features a wide array of artwork produced by a mix of emerging, mid-career and established artists in all media. For more information, call (314) 406-2067 or visit Mosaics Fine Art Festival.

AAIBA Design Wins Silver Award at NYX Awards 2023 for Screen Writers Awards Campaign

AAIBA Design Wins Silver Award

Mumbai, 13/4/23: AAIBA Design Private Limited, an integrated creative and digital agency helmed by Saurabh Chandekar and his wife Rasika Chandekar, has won the Silver Award at the NYX Awards, 2023. AAIBA won the award in the Design – Poster Series category for the creative digital campaign the agency had carried out for the Screen Writers Awards (SWA) 2020.

The NYX Awards 2023 winners were announced after extensive evaluation by an eminent global jury comprising professionals such as Masanori Eto (Japan), Markus Pargfrieder (Austria), Vitaliy Yakin (United States), Jimmy Landaburu (Ecuador), Ronn Lee (China), Patrizia Burra (Italy), and more. The jurors chose from a massive entry list of over 1500 names before deciding the eventual winners.

The latest award win is for AAIBA’s innovative, engaging, and highly impactful digital campaign for the Screen Writers Awards, a path-breaking event organized by the Screen Writers Association (SWA), India. AAIBA won the award for its superior creativity, which ade the judges identify it as one of the best entries in the category. The clarity of design and creativity of vision was deemed to uphold the best standards of excellence and execution.

SWA is the governing body representing Screen Writers across the country’s large, small, and OTT screen formats. The organization aims to ensure fair representation of the entertainment industry writers and give them due recognition and honor. SWA organized the Screenwriters Award 2020, and AAIBA successfully amplified the initiative through its well-executed end-to-end digital and social media promotions for the landmark event. With the 2 nd Award win for the SWA campaign at the NYX Awards 2023, AAIBA has once again proved it is the best player in its category.

Speaking about this, Saurabh Chandekar, Founder of AAIBA Designs, said, “Winning an international award is always a special achievement, and with this win at NYX Awards, 2023, we have added the second trophy to this landmark campaign. It was a very special campaign and a major creative endeavor for us as we aimed to combine the depth that the art of writing requires with the glamour and playfulness that the entertainment industry offers. We collaborated with SWA to understand their vision and created a flawless, holistic, unique, impactful brand identity. I am glad that the jury at the NYX Awards, 2023, also found AAIBA’s efforts worthy of this global recognition.”

Sharing her thoughts on the SWA 2020 campaign creatives winning the prestigious NYX Award, Manisha Korde, Chair of SWA Awards, said, “This campaign was a humongous task as we had to create a visual brand identity for the entire SWA Awards campaign, and held a lot of discussions with AAIBA about the world of screenwriters and our aspirations about the positioning of the awards, which are the first of its kind in India. AAIBA and SWA put their best foot forward. I am ecstatic that AAIBA’s vision for SWA Awards 2020 has fetched yet another international recognition through this win at the NYX Awards, 2023.”

The NYX Awards is a leading international awards program that recognizes, celebrates, and provides acknowledgment favoring all who possess extraordinary caliber across all facets of industries and mediums, specifically in the fields of marketing, communication, advertising, creativity, public relations, graphic design, print, digital, video, and audio. NYX simulates monumental achievements of boundless industries, viewed as a symbol of the highest standards for those who bear it.

Bollywood Star Ayushmann Khurrana unveils India’s first full-size fold smartphone TECNO PHANTOM V Fold

TECNO PHANTOM

Mumbai, 13th April 2023: TECNO the premium technology brand has launched its first-ever foldable smartphone, the PHANTOM V Fold 5G in a starry unveiling ceremony in presence of the revered Bollywood star and Brand Ambassador Ayushmann Khurrana at JW Marriott, Sahar. The actor has been associated with the brand for the past two years and has played a pivotal role in enhancing the brand imagery and recall among the Indian youth and further establishing TECNO as a disruptive smartphone brand. The advent of the ‘Beyond the Extraordinary’ Phantom V Fold marks TECNO’s entry into the foldable device market, under its flagship PHANTOM product line.

TECNO PHANTOM V Fold 5G, priced at INR 88,888 comes with the Industry-first Full Sized Fold with largest 7.85″ 2K+ LTPO display. The phone boasts a dual-screen display and a 5-lens Ultra HD camera system, promising an immersive visual experience and exceptional image quality. The PHANTOM V Fold 5G aims to enhance user experience in various smartphone aspects, it achieves this through its flagship dual LTPO screens, which offer a 10bit display for sharper and more detailed visuals and an adaptive 10-120Hz high refresh rate, enabling smooth motions and fluid transitions both when folded and unfolded. The smartphone is available in two colors – Black and White. The back cover is 100% Renewable Fiber made of emerging environment-friendly organic material from plastic waste.

Furthermore, TECNO’s Foldable offering redefines the Fold segment by introducing the largest 5000 mAh battery coupled with a power-packed 45W charger. Also, the phone is supported by the specially designed HiOS based on Android 13 for providing an efficient UI that could also be adapted to work on large displays. The users can enjoy seamless multitasking and productivity with amazing features like Split screen, Parallel Window, Smart touch, Multiple windows etc. Additionally, the Fold is packed with the most advanced MediaTek 9000+ 5G processor based on 4-nanometer fabrication.

Commenting on the launch of PHANTOM V Fold, Arijeet Talapatra, CEO TECNO Mobile India, said, “By addressing the new-age consumer needs and leveraging our vast ecosystem to offer best-in-class technology on our smartphones, we are shifting our gears to consolidate our product portfolio in the ultra-premium segment with the Phantom series, ranging from 25K up to 100K. The Phantom series is the culmination of all the technological innovations at TECNO, reflecting our continuous commitment to user insights, research and development. Be it through Phantom X2 pro, which stands out as the only smartphone in the industry with World’s First Retractable Portrait camera. And now with Phantom V Fold, we foray into the foldable phone category with the best-in-class screen size, battery, camera & flagship processor in the segment. As a company, we have always been working towards bringing advanced technology to our consumers at disruptive prices and with PHANTOM V our aim is to change the fold market segment in less than 100K. This phone is a great device for people yearning for multitasking, new form factor and lifestyle.”

Speaking about being a part of the unveiling ceremony of PHANTOM V Fold 5G, Brand ambassador Ayushmann Khurrana, said, “I am thrilled to be a part of TECNO’s momentous journey. The foldable segment is going through an exciting disruption and with PHANTOM V Fold, the brand is truly redefining the experience. I am also excited to see how this big fold smartphone will change the way we interact with our devices and have a transformative impact on the consumers.” 

Beyond the Extraordinary offers

Pre-booking Offers ·         Free Trolley Bag worth Rs. 5000 for Limited Stock

·         Applicable for retail touchpoints only

·         Pre-booking starts from 22nd April

On-purchase Consumer offers ·         Free Protection Plan worth INR 8,888 (Free One-time screen replacement within 6 months, Free Pick & drop service,  1-year Extended Warranty)

·         Cash back offer of INR 5000 available with HDB Financial services

Early Bird Offer ·         Amazon buyers can buy at INR 77777 for limited Stock

·         Early Access sale starts from 12th April

Key USPs of TECNO Phantom V Fold:

  • Two Flagship Screens With New Form Factor to Create New Possibilities

Unfolded, PHANTOM V Fold reveals an outstanding 7.85-inch display with an optimal 8:7 aspect ratio and 2K+ resolution on an ultra-flat screen with a virtually invisible crease, which also lets the user work on 2 different apps simultaneously. Empowering users to discover greater smartphone fluency, whether gaming, watching movies or at work, PHANTOM V Fold’s flagship dual LTPO screens have 1100nits of maximum brightness, HDR10+ support and TUV A-rated 36months of display fluency. The phone’s 6.42-inch sub-screen has a unique micro-curved design and a 21:9 aspect ratio for a classic single-screen flagship smartphone experience. The result of extensive research into usage scenarios and global smartphone use, the sub-screen’s dimensions are optimal for single-handed operation, sitting naturally in the palm while allowing the users to comfortably take command using just a thumb.

 TECNO’s Technologies Inspire A Robust and Industry Minimum Screen Crease

PHANTOM V Fold’s main inner screen is enhanced by the results of TECNO’s continuous pursuit of the next best technologies. The brand’s self-developed, aerospace-grade drop-shaped hinge creates an ultra-flat main inner screen surface that is virtually crease-free. The hinge’s innovative reverse snap structure significantly improves the phone’s structural stability, while its aerospace-grade material creates strength with a light weight. The device hinge has gone through a testing of 200,000 + fold /unfold crease and measures just 0.11mm.

  • MediaTek Dimensity 9000+ SoC Delivers Multitasking  with Ultimate Performance

PHANTOM V Fold is the world’s first foldable smartphone to be powered by MediaTek’s flagship Dimensity 9000+ 5G processor for delivering an exceptional performance that allows ultra-efficient multi-tasking and seamless switching between screens. The AI processing unit of the phone is designed to achieve maximum effective performance in the latest AI-accelerated trends including AI-multimedia, gaming, camera, and social video experiences. PHANTOM V Fold has a mighty 21GB RAM (12GB LPDDR5x + 9GB) via Memory Fusion 2.1 Technology and up to 512GB internal storage.

  • Five Ultra HD Lenses for Unprecedented Image-Making

PHANTOM V Fold’s ultra-clear 5-lens photography system creates an unprecedented image-making experience with lenses to meet a wide range of uses. With three rear lenses and two front lenses, users can explore a new world of photography. Enabling spectacular night-time image making, PHANTOM V Fold’s 50MP Super Night main camera features a super light-sensitive custom 1/1.3-inch sensor and 7P composition. Making up the other rear lenses are a powerful 50MP telephoto lens with 2X 50mm Golden Portrait Focal Length, and a 13MP ultra wide-angle lens. PHANTOM V Fold also has a 32MP front camera embedded in the secondary screen and a 16MP front camera featured in the primary screen. Additionally, click selfies with 50MP ultra flagship rear camera, Real time preview while clicking image features of Phantom V Fold phone too.

  • HiOS13 Fold Provides a Super-Optimized Software Experience

The large-screen foldable smartphone experience offering has often been hampered by having operating systems unsuitable for the devices. As a result, TECNO developed HiOS13 Fold – a highly optimized and customized operating system based on Google’s Android 13, specially designed for foldable device, and further optimised 2000+apps for big Fold display, and top 1000 apps 90% adapted for Split Screen Mode & Multi Windows Mode.

JACK&JONES India steps into the future with the METAVERSE themed capsule collection

JACK&JONES India

13th April 2023: Bringing the best of high-street fashion in an all-new avatar, JACK&JONES unveils a Metaverse-themed capsule collection as part of their SPRING/SUMMER 2023 collection. Bridging the gap between style and augmented reality, the new collection boasts an array of bright and playful colors that are ideal for Summer. This limited-edition capsule is an innovative play on 3D augmented reality, taking the shopping experience at JACK & JONES to an elevated digital realm.

Fashion, much like technology, is advancing in ways that are bold, unpredictable, and limitless. Inspired by this thought the new Metaverse collection highlights a range of fresh new styles and designs, in bold hues with splashes of neon and reflective colors, they add a futuristic flair to all outfits. Taking a step forward and giving consumers a 360-degree experience, JACK&JONES has incorporated a technology-led approach that allows consumers to step into a whole new world and avatar while trying on a garment from the collection.

The new Metaverse-themed capsule collection embraces the futuristic and high-tech aesthetics of the virtual world and blurs the lines between the physical and virtual worlds.

Available in stores across India in early April 2023, the new JACK&JONES METAVERSE collection is now available in all stores and is priced at INR 1499 onwards. The in-store experience is not to be missed if one wants to encounter a one-of-a-kind experience.

AEC ed-tech Startup Oneistox announces $1.2 million in seed funding from Y-Combinator, Powerhouse Ventures, Soma Capital and notable angels

Delhi, 13th April 2023: Oneistox, a homegrown ed-tech startup transforming the AEC (Architecture, Engineering, and Construction) industry, announced that it had raised $1.2 million in seed funding from Y Combinator, Powerhouse Ventures and Soma Capital with participation from notable angels like Amit Ranjan, co-founder of Slideshare, Deepak Menon, VP-Microsoft among others. With the vision to disrupt the AEC industry and enable better opportunities for AEC professionals, Harkunwar Singh along with his co-founders Vipanchi Handa, Mehul Kumar, and Chaithanya Murali launched the ed-tech platform, Oneistox, in 2021. The platform offers a range of courses and upskilling programs tailor-made for AEC professionals to help them build industry-relevant new-age skills and stay ahead of the curve.

The AEC industry makes up 12% of the world’s GDP. Yet it is the second least digitized industry in the world after agriculture. Due to the lack of technological development, the AEC space worldwide looks exactly as it did 20 years ago. Oneistox came into existence to enable working professionals with tech-first skills and maximize their potential. The startup aims to bridge the gap between traditional AEC education and the fast-evolving technological landscape, empowering learners to become future-ready professionals. With its seed funding round, the startup has been able to achieve 30% month-on-month growth in the last 12 months whilst doubling down on its platform infrastructure, developing more new-age courses for learners, and expanding its team.

Harkunwar Singh,

Harkunwar Singh, Co-founder, of Oneistox said, “The AEC industry is ripe for disruption, and Oneistox aims at leading the charge with cutting-edge upskilling courses. We are thrilled to have amassed the support of such an eminent investors panel over the last year. Our goal is to ensure that the next generation of AEC talent is armored with future-ready skills to meet the ever-evolving demands of this industry.”

Gustaf Alstromer, Group Partner at YCombinator quoted, “The AEC industry needs what Oneistox is building. I’m proud to be an investor in the company and look forward to the disruptions they bring in the industry.”

“Over the past year, Oneistox has achieved remarkable milestones, with exponential growth and scale. The biggest contributor to the company’s success has been their unmatched understanding of the AEC industry and their strategic positioning as an ed-tech that challenges the status quo. We believe they are the game-changers the industry was looking for.” said Kshitij Golwalkar, General Partner, Powerhouse Ventures

The idea of Oneistox came to life when the founding team put together model-making workshops across the country. As they started visiting multiple venues and meeting architecture grads across the country, they felt that there was a gap in the architectural education that most institutions offered. As 50 student workshops grew to 50+ workshops with 1000+ learners, Harkunwar and his co-founders understood that the problem of upskilling AEC professionals was a real-life business problem that the industry was yearning for.

Ar. Tripat Girdhar has been facilitated Most Admired Architect In Punjab by ACES of Punjab

Ar. Tripat Girdhar has been facilitatedPunjab 13 April 2023: Tripat Girdhar, the founder and Principal Architect of The Design Studio, Chandigarh, was bestowed with the title of Most Admired Architect in Punjab on 7th April 2023. At an event hosted by the Sarva Rithu Seva Foundation at the Hotel Raddison Red in Mohali, the award was presented by Shri Harpal Singh Cheema (Finance Minister Government of Punjab, Punjab Vidhan Sabha). The awards ceremony was attended by the jury members, Padma Shri Ar. C.N. Raghavendran and Padma Shri Sudhir Kumar Jain, as well as the honorable minister of housing and urban development of Punjab, Sh. Aman Arora, and the honorable spokesperson and member of parliament for Punjab, Sh. Raghav Chadha.

ACES of Punjab is an event organized by Sarva Rithu Seva Foundation, A non-profit organization that has three wings – Medical, Education, and Service, based in Punjab. The foundation was inaugurated in 2019 and running by Dr. Saajan Sharma, Arun Hooda, and Anmol Luthra, Directors of SRSF.

The award has been presented to Ar. Girdhar as his remarkable design of Architecture not only for Punjab but for our country. Ar. Tripat’s inventive designs not only reinterpret India’s architectural roots and traditional acumen in a contextual vocabulary but also dwells Indian architecture on a world stage. The Design Studio is an Architectural, Engineering, and Interior Design firm with prominence in the verticals of Urban Planning, Commercial, Residential, Educational, and Industrial Architecture. Headquartered in Chandigarh, The Design Studio comprises a team of over 23 dynamic architects and engineers and currently working on projects across 6 Indian States and also handling assignments internationally including Australia & New Zealand. Ar. Tripat has also been awarded the title of ‘CREDAI Destination Punjab 2019’ by the Hon’ble Minister of Housing & Urban Development, Punjab – Sukhwinder Singh Sarkaria, for the project Address Boulevard which is the tallest building in Punjab.

ACES of Punjab is one of the single platforms for knowledge and intelligence for the Real Estate & Allied Industry. And it’s an Initiative to discuss trends, data, research, and analysis in the trade to create an unparalleled knowledge source from the most respected consulting and market study organizations. It offers an extensive mapping, business trends for the future, success stories of the brands, benchmark figures, and retail market strategies across the segments, opportunities for business, and growth of real estate in Punjab

Trane® by Trane Technologies Celebrates 110 Years of Pioneering Innovation

Mumbai, April 13, 2023 – Trane® – by Trane Technologies (NYSE: TT), a global climate innovator – is celebrating its 110th anniversary as a world leader in creating comfortable, energy-efficient indoor environments for commercial buildings, industry, and homes.

The Trane Company was incorporated in 1913, 28 years after James Trane and his son Reuben started a family plumbing business in La Crosse, Wisconsin. It established its position as a pioneer in climate control in the 1930s with the patent of its first air conditioner and the launch of Turbovac, a water chiller that fundamentally altered the industry’s approach to large-building air conditioning systems. Today, the company’s solutions can be found in renowned landmarks such as New York City’s Grand Central Station and the Burj Khalifa in Dubai, the world’s tallest building, as well as numerous buildings and homes around the world.

“Since 1913, Trane has been pioneering innovation that advances industries and improves lives and communities,” said Donny Simmons, president, of Commercial HVAC Americas, Trane Technologies. “Today, Trane Technologies continues to challenge what’s possible for a sustainable world – a purpose built on more than a century of big ideas, bold action and extraordinary impact.”

Through industry-leading action and innovation, Trane Technologies is decarbonizing buildings, industry and the cold chain. The Trane business has been granted more than 6,000 patents to date worldwide, and is helping customers succeed with new innovative solutions such as the Thermal Battery™ Storage-Source Heat Pump System, which eliminates the need for fossil fuels by making all-electric heating and cooling possible in commercial buildings even in cold climates and dense urban environments.

“I’m pleased to congratulate everyone involved with Trane on the celebration of 110 years of business success,” said Jill Billings, Wisconsin State Representative, 95th Assembly District. “Trane Technologies is certainly a leader in industry innovation and furthers the values and legacy of its founders. Trane continues to work to make buildings safer, comfortable and energy efficient, to the benefit of people worldwide.”

By advancing its 2030 Sustainability Commitments, including the Gigaton Challenge, Trane Technologies was the first in the industry and among the first across all sectors to receive validation from the Science Based Targets Initiative (SBTi) for its near-term 2030 emissions reduction targets and its long-term 2050 net-zero target. Trane Technologies was named 18th and first in its industry category in the 2023 JUST 100 and is among FORTUNE Magazine’s World’s Most Admired Companies and Forbes’ America’s Best Large Employers.

A momentous year for Homesfy Realty Ltd. FY23 pre-sales rise by 32% to over ₹1,787 Crores

Mumbai,13th April 2023: Homesfy Realty Ltd. India’s 1st tech-enabled real estate brokerage listed on NSE Emerge – records its best annual performance ever. Pre Sales value for Q4-FY23 grew by 51% with a value of ₹599 Crores over Q3-FY23 and 15% compared to Q4-FY22. This is particularly notable in light of the challenging global environment and the rising cost of home loans in the domestic market. This is Homesfy’s first operational update since listing on NSE Emerge, and it has been informed to the exchange.

For FY23, the average unit price stood at ₹ 91 Lacs, with an improvement of 7.5% over last year’s price of ₹ 84 Lacs. Mumbai’s sales volume was up by 42%, and Bangalore’s sales volume was up by 37% compared to FY22.

Top developers in FY23 include Lodha, Runwal Group, Prestige, Godrej, and L&T, significant contributors to high sales value and volume growth. Mumbai region contributed about 70% of total sales volume, followed by Bangalore, comprising 20%. Presales value contribution by our broker aggregation platform mymagnet.io grew 53% to ₹222 Crore from ₹145 Crore. Cash flow from collections has increased by 51% to ₹47.38 Crore.

The increasing sales and new launches indicate that the Indian housing sector is growing substantially. In the last quarter, January-March 2023, housing sales in India rose by 22% to 85,850 units across eight cities from 70,630 units in the Q4 of the previous financial year. New launches grew 86% to 1,47,780 units — the highest in a quarter — from 79,530 units. (source REA India)

Mr. Ashish Kukreja,

Mr. Ashish Kukreja, Founder & CEO, Homesfy.in & Mymagnet.io, mentioned that “This is what we call transformative years for the sector. The last quarter in FY23 ended well for Homesfy and the real estate sector, that too when we witnessed one of the fastest-ever rises in interest rates. It is possible to see a rate hike in the first half of 2023-24 and a cycle stop in the second half. But, the industry expects to continue to see strong demand for quality tier-1 branded homes.”

He also added that “the government has been investing in infrastructure mega-projects like highways, and new airports, with significant policy initiatives such as “Housing for All”. This increases the possibility that the real estate market in Tier 2 and Tier 3 markets will also snowball, generating substantial returns for investors. These factors will stimulate both real estate holdings’ quantitative and qualitative growth.”

The sector’s performance in Q4 indicates a genuine interest in housing, and the momentum is expected to continue despite global uncertainty.