Archives June 2023

Jaipur,24th June 2023. Jaipur’s versatile young talented Bhavini Bhargava has not only made Rajasthan, but the whole country proud with her achievements. She has been awarded the ‘Deakin Rajasthan Royals 100% Vice Chancellor’s Scholarship’ worth Rs 70 Lakhs by the world-famous Deakin University in Australia. This, she is currently doing a Bachelor in Sports Management course there. It is worth mentioning that after testing several stages, some youths from all over the world are selected for this scholarship.

Only two students including Bhavini Bhargava of Jaipur have been selected from India in this academic session. Under the internship with NGO Vasudha Jan Vikas Sansthan of Rajasthan, Bhavini was selected for this scholarship to make village girls aware about sports and on the basis of sports and academic achievements. She is the daughter of Dr. Puneet Bhargava (renowned dermatologist of Jaipur) and Dr. Seema Bhargava.

Motivation face of Indian education in Australia –

To motivate Indian students for their work in Australia, Union Education Minister Dharmendra Pradhan has chosen Bhavini Bhargava as the motivation face of education collaboration in India and Australia. Bhavini considers this honor a great responsibility and hopes that Indian students who go abroad for studies bring laurels to the country with their achievements across the world.

Aware village girls for making a career in sports –

A board topper in her school and currently sports ambassador of Deakin University, Bhavini has played many national tournaments in cricket, badminton, athletics and cycling. She has played National Badminton six times and has been included in the top-20 India ranking of doubles. Also, has played on behalf of the Rajasthan cricket team in the BCCI National Tournament.

Bhavini explained the importance of sports to the girls of the villages during her internship under the ‘Aao Gaon Se Juden’ project of NGO Vasudha Jan Vikas Sansthan and told how the possibilities of new jobs can be explored in sports. She aroused interest in sports among the girls of Thanagazi (Alwar) and many other nearby villages. Mona Sharma, director, of Vasudha Jan Vikas Sansthan, said that it is a matter of pride for us that a versatile talent like Bhavini joins our NGO, who has made the country proud. By performing well in both the fields of education and sports, she has become an example for the youth today. Through the project ‘Aao Gaon se juden’, we make rural girls and women aware of new career options by connecting young talents.

Bhavini’s book ‘Unheard’ became Amazon’s best-selling book –

Bhavini has written the English Poem Book ‘Unheard’, which is now Amazon’s best-selling book and has made Bhavini Amazon’s best-selling book writer. In this book, , through her writings, this young author has told how to overcome the ups and downs in life. Recently this book was launched in a program organized by Deakin University and Rajasthan Royals. It was launched by the Rajasthan Royals cricket team; Matthew Johnson, Australian High Commission’s South Asia Minister Counselor (Education and Research) in Delhi; Ravneet Paha, Global Vice President and CEO (South Asia), Deakin University, Australia; Dr. Puneet Bhargava, Dr. Seema Bhargava and Mona Sharma, Director, Vasudha Jan Vikas Sansthan. On this occasion, Bhavini shared the inspiration behind writing this book through video conferencing from Australia. For this, Bhavini has also been awarded the Best Upcoming English Writer Award by the country’s prestigious film magazine Filmfare Middle East Magazine. All India Doctors Sports Tournament ‘Tablinton India’ has also taken Bhavini’s poem on its theme page.

TORONTO, MUMBAI and LOS ANGELES 24th June 2023 QYOU Media Inc., (TSXV:QYOU OTCQB:QYOUF) a company operating in India and the United States producing and distributing content created by social media stars and digital content creators, has announced that Indian digital leader and strategist, Raj Mishra, has been added as a Nominee to join the Board of Directors of QYOU Media at the company’s shareholder meeting slated for July 17th, 2023. In addition, Mishra will immediately begin an assignment to provide strategic advisory services to the company, principally surrounding new product launches into the direct-to-consumer market in India.

Raj Mishra has established a distinguished track record of accomplishments and success driving businesses in India to profitability and exponential growth. An IMT alumni, the former Country Head at musical.ly, TikTok & Triller enjoys combining technology and trends to help curate substantial value propositions for users. He also worked with the core Bytedance team (owners of TikTok) and spearheaded strategy for their other suite of products and apps in India.

In his earlier role as Country Manager at TikTok India (erstwhile Musical.ly), Mishra was instrumental in driving growth for ByteDance in India by creating the local team, liaising with business partners & the creator community in India, and identifying and incubating talent with the potential to help the company gain popularity on the app. Under his leadership, Musical.ly became the most downloaded app on both Android and iOS. Raj also spearheaded the transition from musical.ly to TikTok and was responsible for the end-to-end rebranding process after the acquisition in 2017. In 2019, he decided to take up a new challenge within Bytedance and was spearheading strategy for one of their newly launched suite of products, Helo.

QYOU Media CEO and Co-Founder, Curt Marvis commented, “Raj is a unique and special leader and we are thrilled to have him join our team at QYOU Media. He has proven his ability to establish process-driven methodologies that drive extraordinary user engagement and financial success. TikTok was the fastest-growing app in the history of India super apps and we welcome his help as we roll out our direct-to-consumer businesses. In addition, he possesses the creativity, relationships, and drive that we believe can provide a real boost to our combined business efforts in India. The QYOU Media board and all management across our various properties in broadcast, connected TV, influencer marketing, and gaming look to leverage his skills to help grow our entire India operations further.”

Raj Mishra added, “It has been exciting to see and learn more about the growing potential of the QYOU slate of companies and products that have come into the market in less than three years. It is clearly now time to turn those jets on even higher and I could not be more excited to add my experience and passion for growth and profit to the mix. I look forward to immediately jumping in to provide strategic help to the teams here in India while helping the distinguished board of QYOU Media further recognize and understand the potential for growth that we all know is possible in India in the years ahead.”

24th June 2023: AHH-owned Nova IVF Fertility, one of the largest fertility chains across India has acquired WINGS IVF which is one of the leading regional IVF chains in the country based out of Ahmedabad and founded by Dr Jayesh Amin, amongst the most respected IVF specialists in the country. WINGS IVF has 6 centres with dominating presence in Gujarat. With this acquisition, Nova IVF Fertility will expand its footprint to 68 centers in 44 cities aiming to be the leading provider of IVF services across South Asia. Nova IVF Fertility has grown exponentially since its investment by Asia Healthcare Holdings in 2019 to become one of the largest and fastest-growing IVF chains in the region.

WINGS IVF was launched in 2014 and since then has established its centres in Gujarat, Rajasthan, Bihar, and Delhi. The enterprise specializes in treating couples with recurrent implantation failures and has achieved 20,000+ live births through IVF pregnancies.

Commenting on the partnership, Shobhit Agarwal, CEO, of Nova IVF Fertility said, “The ethos of WINGS IVF and Nova IVF Fertility is deeply embedded in clinical science and providing international standards fertility treatments. Both the organisations have an inherent DNA for enabling couples to achieve pregnancies through the self-cycle technique. With the launch of the ART Act this focus has only increased and today 90% of our IVF cycles are through self-cycles. We are delighted to welcome WINGS IVF to the Nova IVF Fertility family.

“One in every six Indian couples struggles with infertility. Nova IVF Fertility echoes our belief in bringing the science of parenthood to the forefront by helping couples have their baby through their own eggs and sperm. Both the fertility chains have a stringent focus on ensuring the highest form of ethical standards and have been the early adopters of the day 5 embryo transfer movement in India displaying significant improvement in success rates in complex cases. With this partnership, we aim to bring in advanced newer technologies like Regenerative therapy which can help couples reduce their dependency on donor eggs said Dr Jayesh Amin, Founder & Director of WINGS IVF”. Dr. Amin has been in the field of IVF for over 18 years and is a recipient of the “Excellence in IVF Treatments” award by the Union Health Minister in 2016. He is also the Additional Secretary of the Indian Fertility Society.

Nova IVF Fertility has achieved over 55,000 pregnancies across 1,10,000 couples performing close to 15,000 cycles each year. The company has added 43 centres in the last three years.

As per data from Venture Intelligence, since 2018, the fertility sector has already attracted $318 million in investments from leading private equity (PE) and Venture Capitalists (VCs). India’s IVF services market was valued at $750mn in 2020 and is poised to grow to $3.7bn by 2030.

“The IVF services market in India is powered by two national chains and multiple regional chains. We see the forces of consolidation beginning to shape the sector and in that context, Nova IVF Fertility and WINGS IVF coming together gives us an opportunity to strengthen our position in the North & West of the country” said Ritesh Pandey, Group CFO & Head BD at Asia Healthcare Holdings.

Bangalore, India;24th June 2023– Glenmark Pharmaceuticals Ltd. (Glenmark), an integrated, research‐led, global pharmaceutical company, launches “Coughayam” on the occasion of International Yoga Day, June 21st, ’23. This innovative initiative, developed in collaboration with “The Yoga Institute,” the world’s oldest yoga institute, aims to provide a dedicated yoga program for cough. The event took place from 8:00 am to 9:00 am on June 21st and was conducted through a combination of virtual sessions and physical engagements.

The virtual event allowed participants from across the globe to join the Coughayam program, providing a platform for individuals to learn and practice yoga techniques specifically designed to address cough-related concerns. Additionally, Glenmark’s Corporate Social Responsibility (CSR) team actively engaged in physical sessions at five locations – Best School Ahmedabad, YMCA Delhi, GH Raisoni College of Commerce, Science & Technology Nagpur, Ekya School JP Nagar Bangalore & Homi Bhabha Cancer Hospital & & Research Centre Muzaffarpur, Bihar along with 80 locations (West Bengal, Assam, Orissa, Bihar, UP, Punjab, Delhi, Hyderabad, Vijaywada, Kerala, Karnataka, Tamilnadu, Maharashtra, Mumbai, Gujarat) of Glenmark’s Majesta division’s field executive HQs. This collaborative effort aims to foster community engagement and promote overall well-being.

Through Coughayam, Glenmark strives to promote holistic health practices and enhance awareness about the benefits of yoga in managing cough-related issues. The event will feature expert instructors from The Yoga Institute, who will guide participants through various yoga asanas, pranayama (breathing exercises), and relaxation techniques, specifically curated to address cough-related discomfort.

Bangalore,24th June 2023: Shri Nitin Gadkari, Hon. Minister of Road Transport and Highways, Govt. of India and Mahindra Logistics Ltd. (MLL), one of India’s largest integrated logistics solutions providers unveiled a stirring book titled ‘Desh Chaalak’. The book serves as a tribute to the unsung hero community – the drivers of India. Mahindra Logistics Ltd. (MLL) reaffirms its unwavering commitment to empower drivers while recognizing their invaluable contribution to India’s economy. MLL’s holistic approach focuses on initiatives under skill development, wellness, family welfare, and emergency support embodying company’s steadfast commitment.

Speaking at the book launch, Hon. Minister of Road Transport and Highways of India, Shri Nitin Gadkari, expressed his admiration for the drivers of India and the vital role they play in the country’s economic progress. He stated, “As we gather today to launch the book ‘Desh Chaalak,’ I commend Mahindra Logistics for taking this initiative to honour these silent warriors of India. These tireless drivers are the true backbone of our nation, steering the country towards growth. With world-class roads and accompanying infrastructure, we are attempting to make the lives of these drivers better. ‘Desh Chaalak’ is a step in the right direction to make more people aware of the contributions made by the driver community for India”.

Mr. Rampraveen Swaminathan, Managing Director & CEO, Mahindra Logistics, said, “At Mahindra Logistics, we firmly believe that our drivers are not just the backbone of our operations but also the driving force behind the entire logistics industry. In recognition of their remarkable contribution, the book ‘Desh Chaalak’ serves as a heartfelt tribute to our drivers highlighting their resilience that keeps the wheels of the industry turning. The book stands as a symbol of our deep admiration and gratitude and aims to bring greater recognition to the drivers’ tireless efforts, ensuring that their indispensable contributions are acknowledged and valued by all”.

He further added “As India aims to become a $5 trillion economy by 2024-25, connectivity and superior infrastructure along with skilled workforce will become more critical. India faces a pressing challenge with only 450 skilled drivers per 1000 trucks by FY23-24. The very essence of our economy rests heavily on the efficient machinery of logistics and transportation systems. At Mahindra Logistics, we harbor an unwavering belief that drivers constitute critical spoke of India’s vibrant logistics and transportation industry; deserving our utmost respect. Steadfastly maneuvering vehicles through arduous work and societal conditions, these unsung heroes ceaselessly toil to propel the wheels of India’s economy. As pioneers within this industry, we conscientiously recognize the pivotal role we play in bridging this gap and offering continuous support to the driver community. By empowering our drivers with the supportive ecosystem, we aim to lead the way in nurturing and uplifting this essential workforce”.

Mahindra Logistics is committed to empowering communities and fostering inclusive development. By prioritizing the well-being of the driver-partners, the company has uplifted livelihoods, enhanced skills, improved infrastructure, and raised awareness about hygiene and safety, making a significant impact.

To prioritize safety and security, Mahindra Logistics initiated a specialized training program under the Pradhan Mantri Kaushal Vikas Yojana (PMVKY). Over 20,000+ drivers are trained nationwide, fostering awareness and empowerment.

One notable program is Samantar, a comprehensive driver welfare program that enhances working conditions and supports the driver community. MLL conducts activities including health check-ups, safety awareness, insurance schemes, celebrating Driver’s Day across different cities, and the provision of scholarships for Drivers’ children. Over the past decade, around 235,000 drivers have benefited from this program. In addition, Mahindra Logistics disbursed INR 11 MN through the Sankalp scholarship program, supporting the education of drivers’ children.

Amid the Covid-19 lockdown, the HOPE (Helping Our People in Emergencies) initiative was launched in 2020, providing financial assistance to over 5,000 driver families.

Mahindra Logistics also upholds a strong commitment to fostering Diversity, Equity, and Inclusion (DEI) within its workforce. An outstanding testament to this commitment is Manju, our driver-partner from the LGBTQ community, who has dedicated the past 15 years to operating trucks with a resolute focus on safety, and maintaining an impeccable record.

Mahindra Logistics has wholeheartedly exemplified its dedication to empowering the driver community and ensuring they receive the respect they truly deserve. Its transformative initiatives have been instrumental in uplifting drivers and recognizing their invaluable contributions.

India – 24th June 2023– Arjun Kilachand, a leading brand in the menswear industry, is happy to announce the successful completion of its recent funding round, spearheaded by Malabar Capital Advisors. This marks a turning point for the brand as it secures the necessary resources to expand its operations, fortify its infrastructure, form strategic partnerships, and diversify its product categories.

Under the leadership of Mr. Deevyesh Desai (Managing Director & CEO) and Mr. Dhruv Mehta (Director), Arjun Kilachand has attracted a stellar lineup of investors who share the brand’s mission to drive growth and innovation. The infusion of funds will fuel the brand’s ambition to revolutionize the luxury retail sector and set new industry benchmarks.

The previous funding round witnessed the participation of renowned ultra-high net worth individuals (HNIs) and influential industry figures. Notable personalities such as Bahram Vakil, Founding Partner of AZB Law Firm and Board member of TATA Trent, and Varunn Mody of Hind Composites, along with other respected industry heads, have demonstrated their confidence and support for Arjun Kilachand.

Arjun Kilachand’s impressive growth trajectory has captivated the attention of investors and customers alike. With a remarkable threefold increase in revenue from the previous quarter, the brand has solidified its market presence, culminating in the opening of its flagship store in Mumbai. Furthermore, Arjun Kilachand has successfully expanded into tier 2 and tier 3 cities across India, captivating a diverse clientele that includes esteemed celebrities such as Salman Khan, Varun Dhawan, Ranbir Kapoor, Kartik Aryan, as well as renowned industrialists and businessmen.

The infusion of funds will have a transformative impact on Arjun Kilachand’s ability to cater to the growing demand of his products. The brand plans to channel the funding towards expanding its back-end infrastructure, enhancing its workforce capacity, and developing an integrated and omnichannel tech platform to cater to a global audience.

Arjun Kilachand’s commitment to delivering exceptional customer experiences through cutting-edge technology has played a pivotal role in attracting investors and securing their unwavering support. The brand’s unique value proposition, combined with its consistent revenue growth and extensive customer base, sets itself as a well-positioned brand in the men’s wear fashion industry. Arjun Kilachand is poised to make significant strides as a lifestyle brand and set new standards for luxury retail.

Hyderabad, 24th June 2023….. Technology for the sake of technology will not survive. Digital Transformation must improve user experience, customer experience, bottom line and behaviour said Chief Guest, Mr SGK Kishore, Executive Director (South) and Chief Innovation Officer – GMR Airports at GMR Group, (Ex. IAS) at the Impetus, a full-day innovative conclave held at HICC on Friday, aimed at driving digital transformation and empowering industries held on Friday at HICC.

He was delivering a keynote address on Digital Transformation and gave his perspective. He described the event as unique and timely. It is an opportune time, he said and that the day-long conference was planned for discussions on new technologies, embracing technologies and digital transformation. And a good part of the conclave, he said, that most of the participants are MSMEs, for whom technology is an essential part of their business. It is important for them to remodel their business.

There are three aspects to Digital Transformation as I understand, the top official of GMR Airports said. We keep hearing three different buzzwords—Digitization, Digitalization and Digital Transformation. Digitization is the initial step in using digital tools. Digitalization is about bringing in products and solutions. Mother of all these two is Digital Transformation. It is about how an organization transforms using digital technologies. It is more about their behaviour, their culture. The end objective is to improve their bottom line, culture, user engagement etc.

At GMR we have been focusing on new-age technologies. Our chairman is an ardent fan of embracing new-age technologies. With digital transformation, every business leader must behave like a technology leader. Digital Transformation is a continuous process. It is like fitness. It is a continuous effort. It is about non-technology companies also behaving like technology majors.

It should make everyone in an organization feel that he is an entrepreneur and ensure entrepreneurial behavior.

Drawing a parallel to Hindu Mythology, the bureaucrat turned business leader, SGK Kishore said Lord Brahma is the creator, Vishnu the sustainer, and Shiva destroyer and restorer. The modern businessman has to view digital transformation as creative destruction. Whatever you have created must destroy for good and better. They must think differently. Look at collaborative efforts, he added.

People own GMR Airport. They think it is theirs. It is a people’s airport. The leadership has been successful in transforming the airport into what it is today in the last ten years and digital transformation is one of the key factors for what it is today. The digitally transformed airport resulted in increasing process speed, storage capacity and better services. Aviation is a highly regulated sector. Minute details must be dealt carefully. Digital Transformation is very important to all sectors. He congratulated the joint organisers, FTCCI and HYSEA for identifying a very topical subject for the conclave.

Welcoming the gathering Mrs Manisha Saboo, President, HYSEA, and Vice President, Infosys said collaboration is the way forward. Today is a special day. Two great organisations HYSEA and FTCCI have come together first time to host jointly this conference. She talked about the power of collaboration. Chat GPT, an artificial intelligence chatbot developed by OpenAI which is the talk of the world is a collaborative effort.

Anil Agarwal, President of FTCCI said the kind of digital transformation happening in the last decade is an eye-opener. But, somehow MSMEs are left behind in this race. If you need to be globally relevant in a time when our economy is fast developing and hoping to be the world’s number one by the year 2047, we must encourage more and more MSMEs to embrace technology and transform their businesses digitally. Though covid accelerated this process, more impetus must be given to that sector, he observed.

Sri JA Chowdary, Founder, ISF, and former President of HYSEA said he heard when he was an IT advisor to Chief Minister Shri Chandra Babu Naidu, an SBI chairman saying ‘we are a technology company and we also do banking”. This is how one should look at their company and transform digitally. I also know of an incident where a PSU has taken one and half years to build a mammoth Data Logger, which later failed to work. Later the PSU imported a tiny machine, which did its job. Taking failures like this into account many refrained from getting digitally transformed, he said. Unless you are digitally transformed, you cant survive. Today many banks have fewer branches and more transactions. And they work 24×7, 365 days. That is the power of digital transformation he added. The theme is very apt and it is an ideal time to the organisation a one-day conference on the same.

Shri K Mohan Raidu, CEO, of Informatics India, and Chair of the IT Committee, FTCCI in his introductory remarks stressed the importance of digital transformation, which he said will put technology at the core of the business strategy. This would reduce operating costs and increases efficiency.

Pankaj Diwan, Founder and CEO, of Ideas labs Future Tech Ventures, who later in the day moderated a celebrity fireside chat with Raja, Chief Executive Officer, of Biliti Electrics, said, the Impetus was an effort to bring the business leaders from Traditional, Core Industries who are primarily members of FTCCI and IT Solution Providers who are primarily members of HYSEA come together on one forum. The purpose is to create and promote awareness of Digital transformation and implementation of digitalization in the core business processes.

The inaugural of Impetus was followed by four different tracks focused on industries such as Agri-tech, Food Processing, Manufacturing and Pharma and Healthcare industries. They focused on ‘Unlocking the Potential by Adapting and Accelerating Digital Transformation & Digital Innovation”.

UTOMATR a product developed by a startup was launched during the inaugural function.

In conjunction with the program, an expo was also scheduled to explore digital
solutions by participating delegates.

It was a distinguished gathering of over 250 industry leaders, government officials, and technology enthusiasts. It will be a platform for meaningful networking and knowledge sharing.

Gurugram: Enviro (Facility Management Company) organized International Yoga Day events in Vatika India Next, Gurugram, to aim yoga as a health-promoting method. Over 300 participants from various communities, including City Homes, Seven Lamps, Gurgaon-21, and Lifestyle Homes participated in the event. The morning sessions began at 6 a.m., with City Homes hosting the event, followed by Seven Lamps at 7 a.m. and Gurgaon-21 at 6 a.m. The event was a success, with participants expressing gratitude for the agency’s efforts.

Speaking about the occasion, Mr. AK Singh, CEO of Enviro Maintenance Agency stated-“highlighted the detrimental impacts of our rising sedentary lifestyles on our health. He emphasized the value of introducing yoga into hectic schedules to preserve physical and mental wellness. According to Mr. Singh, people may improve their general well-being by devoting time to yoga, which can start with basic asanas.”

The celebration aimed to inspire more people to embrace yoga and raise awareness about its numerous benefits. The event included a group meditation session, bringing together students, yoga enthusiasts, and members of the working class. Participants praised the program’s role in promoting yoga integration into everyday life and fostering a culture of wellness, making a positive impact on community members’ lives.

Creating a milestone moment for the Indian comedy industry once again, India’s pioneering stand-up comic Zakir Khan is gearing up for a once-in-a-lifetime showcase at the Madison Square Garden in March 2024. Subsequent to this showcase, he is also expected to perform at iconic venues such as Sydney Opera and Palais Theatre later this year.

His most recent tour in support of ‘Tathastu’ that sold over 1,00,000 tickets, saw him trek across USA, Singapore, Canada, Dubai and Australia and now he is bringing a series of brand-new headlining shows to Singapore, USA, New Zealand and Australia over the course of the next few months.

Khan, who is one of the few comedians to do stand-up almost entirely in Hindi, has successfully attracted full houses at Soho Theatre, Edinburgh Fringe, Dubai Opera, The Beacon Theatre.

Commenting on the same, Zakir Khan who is one of the hottest selling live acts currently emerging from the South Asian scene states, “The Sydney Opera House and Madison Square Garden…just uttering these names gives me goosebumps. These legendary venues have played host to some of the greatest performers in history, and to get an opportunity to be counted among them is a dream come true. Itne toh maine khwab dekhe bhi nahi the jo poore ho rhe hain . It is humbling to realise that I would stand in the footsteps of giants and make people laugh from those hallowed stages. None of this would have been possible without the unrelenting support and love of my incredible fans, who have stood by me through thick and thin from my beginning years. I am forever grateful to them for allowing me to live my dream and share my stories and art with the world.”

Zakir Khan became a well-regarded personality in India’s comedy circuit in 2012 after winning the title of ‘India’s Best Stand Up’, a comedy competition organised by Comedy Central. He later became an internet sensation by releasing three standup series Haq Se Single (2017), Kaksha Gyarvi (2018) and Tathastu (2022) on Amazon Prime Video and is now dominating the live arena.

Having over 1000 plus shows under his touring repertoire, Zakir Khan is a seasoned professional of comedy. Truly an embodiment of the globalisation of stand-up, his captivating work has delighted audiences worldwide. Renowned for his ability to highlight comic elements in everyday life, Zakir’s ‘uniquely Indian’ style of comedy involves him impeccably capturing the emotions that are common to every Indian household.

Receiving standing ovations from audiences across the globe , Zakir Khan is quickly cementing himself as a pillar of stand-up comedy. He became an internet sensation with the release of his comedy specials ‘Haq Se’ Single (2017), ‘Kaksha Gyarvi’ (2018) and ‘Tathastu’ (2022) which premiered on Amazon Prime Video.

The commercial real estate market in Delhi NCR is experiencing a significant upswing, particularly in the retail sector. The latest data from CBRE India’s ‘India Market Monitor Q1 2023’ report reveals a remarkable surge in leasing activity, signalling a promising retail revolution in the region.

“The leasing of retail spaces in Delhi NCR has witnessed a remarkable surge, indicating a strong revival in consumption and demonstrating the increasing ambition of retailers to expand their presence in the region. This surge is a testament to the growing confidence in the market, as retailers recognize the immense potential of Delhi NCR’s consumer base and its position as a thriving economic hub,” says Sanchit Bhutani, Managing Director, Group 108.

As per the CBRE report, the leasing of retail spaces more than doubled in the first quarter of 2023, reflecting a revival in consumption and the growing aspirations of retailers. The region’s booming economy, rising disposable incomes, and shifting consumer preferences have contributed to this surge.

“Delhi NCR’s strategic location, combined with its large consumer base and well-developed infrastructure, positions it as an attractive market for retailers and investors seeking to tap into the potential of the commercial real estate sector. The region’s dynamic economic environment and growing population provide a fertile ground for retail expansion and long-term business growth,” says Ajendra Singh, VP-Sales and Marketing, Spectrum Metro.

Despite Ahmadabad taking the lead in absorption, Delhi NCR holds a 26% share in leasing retail spaces. The region’s strategic location, vast consumer base, and robust infrastructure make it an attractive destination for retailers and investors. Emerging retail hotspots like Noida, Greater Noida (West), Yamuna Expressway, and Faridabad are witnessing rapid commercial development, offering prime opportunities for businesses to establish a presence.

With developers launching captivating mega structures as commercial centres, claimed as the tallest in the country, the future of Delhi NCR’s commercial real estate market looks spirited. Further, the report also indicates that retail supply in 2023 is expected to surpass the previous year, driven primarily by the addition of pent-up supply and several projects getting operational this year.

“Primary leasing is projected to be the main demand driver for retail space in 2023, further contributing to market growth. Retail supply is expected to surpass previous levels in 2023, fueled by the addition of pent-up supply and the launch of investment-grade projects. This presents an opportune moment for retailers and investors to capitalize on the burgeoning market. Primary leasing is anticipated to be the primary catalyst for retail space demand, further fueling market expansion,” stated Vikas Bhasin, Managing Director, Saya Group.

Innovation and technology are revolutionizing the retail sector, and Delhi NCR is at the forefront of this transformation. Retailers in Delhi NCR are leveraging these advancements to create immersive and personalized shopping experiences, blurring the lines between online and offline retail. This innovative approach attracts customers and creates new avenues for growth in the commercial real estate sector.

“Delhi NCR is witnessing a paradigm shift in retail as innovation and technology redefines the shopping experience. Newly developing regions also present an untapped potential for expansion. Niche markets are also emerging, catering to specific consumer needs and preferences. Moreover, the demand for experiential retail spaces is rising, offering businesses opportunities to create immersive and memorable shopping environments,” says Sanjay Sharma, Director of SKA group.

Delhi NCR’s commercial real estate market is witnessing an unprecedented surge, particularly in the retail sector, presenting immense opportunities for retailers and investors. It is reinforcing its position as a thriving hub for commercial real estate and establishing new benchmarks for retail experiences.