Archives April 2025

Hyderabad, April 4, 2025: UGRO Capital Limited, an NBFC focused on MSME lending, today announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of ₹ 1,000 each. The Issue has a base issue size of ₹ 10,000 lakhs with an option to retain oversubscription up to ₹ 10,000 lakh, aggregating up to ₹ 20,000 lakh. The Issue opens on Thursday, April 3, 2025 and closes on Monday, April 21, 2025 with an option of early closure subject to compliance with Regulation 33A of the SEBI NCS Regulations.

 The NCDs are proposed to be listed on the Stock Exchanges and NSE is the Designated Stock Exchange for the Issue. The NCDs have been rated “IND A+/Stable” by India Ratings and Research Private Limited. Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.

 Tipsons Consultancy Services Private Limited is the sole lead manager to the issue and MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is the Registrar to the Issue and MITCON Credentia Trusteeship Services Limited is the debenture trustee to the Issue.

 This issue has tenor of 18 months, 24 months, 30 months, and 42 months for secured NCDs. Effective yield (% per annum) for NCD holders in all Categories ranges from 10.47% to 11.01%. Redemption Amount (₹ / NCD) on maturity for NCD holders in all Categories range is ₹ 1000.

 At least 75% of the Net proceeds of the Issue shall be utilized for the purpose of onward lending and financing business of the company in ordinary course of business (including for repayment / refinance of existing debts of the Company) and Not exceeding 25% shall be used for general corporate purposes.

 As on December 31, 2024 UGRO Capital’s CRAR, in accordance with the Limited Reviewed Financial Results was at 21.52%. Its AUM has grown from ₹2,96,890.60 lakh as of March 31, 2022, to ₹9,04,705.74 lakh as of March 31, 2024. As of December 31, 2024, the Company was operating from 23 prime branches and 201 Emerging Market branches with an AUM of ₹ 11,06,656.73 lakh and catering more than 1,35,000 lakh customers. Across the offered products, as on December 31, 2024, the average ticket size stood at ₹ 11.37 lakh and the portfolio yield stood at 16.65%.

Delhi, April 4, 2025: Startup MahaKumbh commenced today, bringing together entrepreneurs, investors, policymakers, and industry leaders to propel India’s startup ecosystem forward. The opening day featured thought-provoking discussions, insightful masterclasses, and key initiative launches aimed at revolutionizing India’s agritech sector.

A major highlight was the Inaugural Plenary Session: The Future of Agritech & Rural Commerce: Solving Bharat’s $1 Trillion Opportunity, featuring a keynote address by Shaji KV, Chairman, NABARD, and insights from Vikas Bali, CEO, Intellecap. The session set the stage for exploring transformative trends shaping India’s agritech landscape.

During the session, Shaji KV shared, “Overall, if you look at India’s growth story – India’s growing at around 7%. But if you look at the agriculture sector in recent times, you will see the production is higher in both the levy and tariff, and the rural sector growth is catching up with the urban sector growth. That means the fruits of growth also will percolate to the rural sector, so that almost 50% of the population which is dependent on agriculture will be paid. That is what our larger role is, improving the per capita income in a unified manner. We’re taking the farmers also along in India’s growth story.”

The Impromptu Pitch Competition, a key attraction, invited agritech entrepreneurs to present their groundbreaking solutions, offering them a platform to gain investor attention and industry validation. The winners of the Impromptu Pitch Competition were Everge Agroscience Pvt Ltd, which secured the top spot in the Aavishkaar Ultimate Agritech Pitch, winning a cash prize of 3 lakh rupees, while Agrolt Solutions Pvt Ltd emerged as the runner-up, receiving 2 lakh rupees.

Investment trends in agritech were explored in the Investor Pitch sessions – Business Models Investors Are Betting On – featuring leading voices Rema Subramanian (Co-founder & Managing Partner, Ankur Capital) and Arpit Agarwal (Investment Partner, Blume Ventures). The session provided valuable insights into the investment strategies shaping agritech innovation in India.

The Trailblazing Tales – Agri-Innovations from Sector Disruptors sessions featured pioneering entrepreneurs, including Anil Passary, Managing Director, Urvarak Industries Pvt. Ltd., Nidhi Pant (Co-founder, S4S Technologies), Srinivas Karavadi (President, Absolute AG), and Lt Cdr Naveen Nehra (Retd.), Founder, zestleyorganics, who shared their journeys in reshaping Indian agriculture through technology and innovation.

A critical discussion on Tapping the Carbon Markets for Smallholder Farmers was led by Sanchayan Chakraborty (Partner & CEO, Aavishkaar Carbon Platform) and Santosh Kumar Singh (Partner & Managing Director, Intellecap). The session explored the role of carbon markets in creating new revenue opportunities for farmers while promoting sustainable agricultural practices.

Additionally, the strategic vision of SBI Foundation on supporting startups was outlined in a session titled SBI Foundation’s Strategic Vision on Startups through Innovators for Bharat, featuring Aman Bhaiya (VP & Head of Strategy, SBI Foundation).

Beyond discussions, the Agritech Pavilion showcased a lineup of innovative startups, presenting their cutting-edge solutions to investors, industry experts, and attendees. These startups are driving transformation in areas such as precision agriculture, supply chain optimization, farm mechanization, and climate-smart agriculture. Some of the leading agritech enterprises featured at the Agritech Pavilion included AgroStar, Agrozone Services Pvt. Ltd., AquaExchange Agritech Pvt. Ltd., Compositech Greensol Pvt. Ltd., Dehaat, Edge marketing Pvt Ltd, Heart in Hills Pvt Ltd. (Foreka), Marut Dronetech Pvt. Ltd., Maxgreen Tractors and Agro Equipments Pvt Ltd, and Vattam Health Foods Private Limited.

Mumbai, April 4, 2025: Ending the financial year on a positive note, Honda Motorcycle & Scooter India (HMSI) today announced its sales number for the month of March 2025.

The company’s total sales for March’25 stood at 4,27,448 units. This includes domestic sales of 4,01,411 units and 26,037 unit exports.

Noteworthy, the company sold 58,31,104 units during the FY’25, recording a 19% YoY growth. This includes domestic sales of 53,26,092 units and 5,05,012 units exports.

HMSI’s Key Highlights of FY’25:

• Electric Vehicles: Honda Motorcycle & Scooter India (HMSI) stepped into the electric mobility segment with the introduction of ACTIVA e: and QC1. Bookings for the same began on
  January 1, 2025, and their deliveries commenced from March 2025 onwards.
• Bharat Mobility Global Expo 2025: HMSI took the center stage at the Bharat Mobility Global Expo 2025, showcasing an exciting line-up of innovative and sustainable mobility solutions. The company announced the prices of the all-new ACTIVA e: and QC1. In addition, the CB300F flex-fuel, Honda’s portable electric scooter Motocompacto, Electric Racing Go-Kart and advanced battery swapping technology with the dedicated Honda Power Pack Exchanger e: were also on display.
• OBD2B Compliant Products: To further delight its customers, HMSI launched the OBD2B compliant models of Activa, Activa 125, Dio, Shine 100, Livo, Shine 125, SP125, Unicorn, SP160, Hornet 2.0 and NX200 with advanced features.

Honda’s Premium Motorcycle Business ‘BigWing’

• New Offerings: The company launched the all-new NX200 with OBD2B compliant engine and upgraded equipment. The company’s premium motorcycle portfolio has been further strengthened with the launch of latest editions of the CB650R and CBR650R.
• Flex-fuel vehicle: HMSI launched the new CB300F Flex-Fuel, marking a significant stride in the country’s transition to greener mobility solutions. The CB300F is India’s first 300cc flex-fuel motorcycle.

Business & Brand Milestones

• Business Milestones: Honda’s 125cc motorcycles ‘Shine & SP125’ crossed over 30 lakh customers in Eastern India and 10 lakh customers in Madhya Pradesh. The company also surpassed 2 crore sales in South India, highlighting its consistent growth and product appeal.

Road Safety

• To make Indian roads safer for all, HMSI organized road safety awareness campaigns in schools, colleges, and government organizations for both kids & adults. The initiative was spread to more than 120 cities across the country.
• HMSI also organized ten Road Safety Conventions in various cities with school principals & teachers as a part of their ongoing project – Mindset Development for our Future Generation. With this, the company has cumulatively educated more than 97 lakh Indian citizens on importance of road safety.

Corporate Social Responsibility

• Projects for Socio-Economic Upliftment: Honda India Foundation (HIF) continued with its flagship program Project Pragati under which it provides theory, simulator & practical training to both new and existing GDAs. HIF along with the Mizoram Youth Commission (MYC) and Visan Foundation launched “Project Buniyaad – Aathmanirbharta Ka Aadhar” that aims at providing employment to the unemployed youth from the marginal sections of society. HIF also commenced its “Stree charioteer…steering her own path” women empowerment initiative and completed training female cab drivers at its Institute of Driving Training and Research, Karnal.
• World Environment Day: HMSI celebrated Environment Month coinciding with the World Environment Day on June 5th. As part of the Environment month celebrations, HMSI is setting an inspiring example by planting 1 lakh trees across various regions of India.
• Project Annadata: With the aim to support and strengthen Farmer Producer Organizations (FPOs) in Uttar Pradesh, Honda India Foundation signed the Memorandum of Cooperation (MoC) with Government of Uttar Pradesh for ‘Project Annadata- Sashakt Kisan, Samridh Rashtra.’

Motorsports

• Honda India Talent Cup: Displaying exceptional racing prowess, Mohsin Paramban clinched the top position and won the 2024 IDEMITSU Honda Indian Talent Cup NSF250R.
• Asia Road Racing Championship: Making a significant mark on international soil, IDEMITSU Honda Racing India’s Kavin Quintal and Mohsin Paramban raced in the Asia Road Racing Championship finale. The IDEMITSU Honda Racing India team earned a total of 13 points for the season in the Asia Production 250cc (AP250) class.
• MotoGP: Repsol Honda Team rider Joan Mir attained the 21st position, while his teammate Luca Marini stood at 22nd position in the MotoGP 2024 championship.
• Dakar Rally: There was a double celebration in Saudi Arabia with a second consecutive Dakar Rally double podium for Monster Energy Honda HRC as Tosha Schareina and Adrien Van Beveren took 2nd and 3rd place at the 47th edition of this world-famous motorsport event.

Nagarnar, 4th April 2025: NMDC Steel Limited’s (NSL) integrated steel plant at Nagarnar achieved a significant milestone in its stabilization journey, producing over two million tons of hot metal in the financial year 2024-2025, ending March 31, 2025. This milestone marks a 100% increase in hot metal production compared to the previous fiscal (2023-24), when the Plant produced 966,468 tons in its first seven and a half months of operation.

 Having attained 60% of its rated capacity in its second year, the Plant is well-positioned to reach its rated capacity of 3.3 million tons per annum (MTPA) of hot metal production in the current fiscal. Commissioned on 15th August 2023, NSL’s steel plant has been steadily progressing towards its rated capacity, demonstrating a strong growth trajectory and underscoring the company’s commitment to operational excellence.

 NSL has also made significant progress in consolidating its market presence. Despite navigating a challenging market landscape for most of the last fiscal, coupled with a twoweek production and dispatch disruption due to transporters protests at the Plant gates, NSL achieved the remarkable feat of marketing over 1.45 million tons of Hot Rolled (HR) Coils and Sheets during the last fiscal. This represents a substantial increase of over 300% in sales volume compared to the previous fiscal (2023-24), highlighting NSL’s expanding customer base and strengthening market position.

 NSL set another record by dispatching a record 2,29,874 tons of Hot Rolled Coils (HRC) in March 2025, marking the highest monthly dispatch since commencement of production. It was the strategic engagement of 4 Liberalized Special Freight Train Operator Rakes (LSFTO Rakes) which dispatched around 40,000 tons of HR coils in March 2025 that contributed to the significant surge in dispatch capacity. The March milestone represents a 63% increase from the previous monthly best of 1,41,207 tons achieved in February 2025.

 NMDC STEEL LIMITED: Registered Office: NMDC Iron & Steel Plant, Nagarnar, Bastar, Chattisgarh – 494001, India With plans to add more LSFTO Rakes, NSL is poised to further bolster HR coil dispatch capabilities, paving the way for enhanced efficiency, and thereby increased customer satisfaction.

 Buoyed by the team’s performance in a tough market, Shri Amitava Mukherjee, CMD, NMDC & NSL, also affirmed his confidence in NSL, “Our steel team is gaining in strength and crossing milestones with each passing day. I am confident that with their dedicated effort and enthusiasm we will soon reach rated capacity, even as we are inching towards becoming EBIDTA positive.”

 It has been a year of notable achievementsforNSL.Not content with obtaining 4 ISO Licenses and 7 BIS Certifications to cement its position in the domestic market, this fiscal NSL went on to obtain the prestigious “Conformite Europeenne”(CE) Certificate that opened up the European market for its’ produce.

 An elated Shri Joydeep Dasgupta, Director Production, NMDC & NSL said, “Team NSL has successfully surmounted several challenges to surge forward with greater confidence. Strategic moves meant to improve Systems and sustain the momentum have yielded results. This augurs well for NSL and is a harbinger of many more achievements by NSL”.

 Shri MNVS Prabhakar, Executive Director & Head of NSL Steel Plant, Nagarnar was appreciative of his team’s accomplishments; he asserted, “We are committed to producing the best quality Hot Rolled steel for our discerning customers. We are also firm in our resolve to further consolidate our position and contribute to the national goal of Atmanirbhar Bharat”.

Hyderabad, April 4: In a solemn and historic ceremony attended by thousands, Warangal, Telangana born Most Rev. Udumala Bala was officially installed as the new Archbishop of Visakhapatnam on Thursday. The installation was led by the Papal Ambassador to India and Nepal, His Excellency Most Rev. Leopoldo Girelli, at a grand Eucharistic celebration held at St. Peter’s Cathedral Grounds, Gnanapuram.

The event was marked by the presence of over 25 bishops and archbishops from across the country, including His Eminence Cardinal Anthony Poola, Archbishop of Hyderabad, and Bishop Emeritus Gali Bali, who delivered the homily. Also present were outgoing Apostolic Administrator Bishop Jaya Rao, along with more than 500 priests, 500 nuns, and an estimated 10,000 lay faithful who gathered to witness this significant moment for the Catholic Church in Andhra Pradesh.

In his first address as Archbishop, Most Rev. Udumala Bala described the occasion as a spiritual journey from “Dhanya Bhoomi to Punya Bhoomi.”

“While Warangal is my Dhanya Bhoomi, Vizag is now my Punya Bhoomi,” he said. “I express God’s special blessing in choosing me from Warangal—the blessed land of prime missionaries—to Vizag, the holy land of MSFS missionaries. The people here have a heart as vast as the sea, and I am truly excited to serve in this land of superabundant graces.”

Archbishop Bala called for unity, peace, and collaboration across all faiths and communities, emphasizing a shared responsibility in shaping a more harmonious society.

“I thank all the Catholics of Vizag and people of all religions for their love and welcome. Together, let us build a better Vizag, a better Andhra Pradesh, and a better India. This city and its people are blessed, and I pray for God’s grace upon the Metropolitan Archdiocese of Visakhapatnam,” he added.

Vatican Ambassador Praises Vizag’s Vibrant Communities, Highlights Pressing Issues

At the solemn and joyous occasion of the Installation of Most Rev. Udumala Bala as the Archbishop of Visakhapatnam, Apostolic Nuncio to India and Nepal, Archbishop Leopoldo Girelli addressed the faithful with heartfelt words of encouragement and blessing. He said, “I am pleased to be with all of you on this joyful occasion of the Installation of Most Rev. Udumala Bala as Archbishop of Visakhapatnam, and to give thanks to God for the gift of a new Chief Pastor to the Archdiocese of Visakhapatnam.”

He warmly congratulated Archbishop Bala on assuming his new pastoral responsibility and expressed confidence in his leadership. Archbishop Girelli reflected on the vibrancy of the Archdiocese of Visakhapatnam, noting that it has been blessed with a Catholic population of over one lakh, supported by a strong presence of priests, women religious congregations, and active lay participation in parish activities. He praised the involvement of the laity in pastoral work, the role of catechists in youth faith formation, and the vitality of various pious associations such as the St. Vincent de Paul Society, the Youth Association, and the Altar Servers Association. He also observed that the faithful are deeply engaged in sacramental life and devotional practices, especially in Marian shrines, which reflect the spiritual depth of the region.

However, the Papal Nuncio also acknowledged the challenges faced by the Archdiocese, including economic difficulties, unemployment, the condition of migrants, and environmental vulnerabilities. He said these issues, while serious, are also opportunities for the Church to radiate the light of Christ more brightly and meaningfully.

In particular, Archbishop Girelli praised the newly installed Archbishop Bala for his intellectual and pastoral qualities. He highlighted Archbishop Bala’s richness of knowledge in Moral Theology, his pastoral sensitivity, teaching abilities, and his experience as Chairman of the CCBI Commission for Seminarians, Clergy, and Religious from 2015 to 2023. He expressed hope that these gifts would greatly benefit the Archdiocese in its journey ahead.

The Apostolic Nuncio also expressed gratitude to Archbishop Emeritus Prakash Mallavarapu for his long and dedicated service to the Archdiocese and thanked Bishop Jaya Rao for his pastoral leadership during his tenure as Apostolic Administrator.

The ceremony was graced by the presence of several senior Church leaders from across the country, including Archbishop Emeritus Prakash Mallavarapu, Archbishop Victor Henry Thakur of Raipur, Archbishop Peter Machado of Bangalore who is also the Vice President of the CCBI, and Archbishop Raphy Manjaly of Agra, along with other archbishops and bishops.
The day began with a grand procession from St. Joseph’s College for Women Grounds, Waltair R.S., to St. Peter’s Cathedral. The installation ceremony was followed by a felicitation program and a festive dinner, with clergy and faithful joining in joyful celebration.

Archbishop Bala previously served as the Bishop of Warangal and has held several significant roles within the Catholic Bishops’ Conference of India. A scholar trained in Rome, he brings with him a deep pastoral experience and a vision rooted in compassion and inclusive growth.

His appointment signals a new chapter for the Church in Coastal Andhra, one rooted in service, dialogue, and dedication to the spiritual and social well-being of all people.

National, April 4, 2025: Hansa Research has released its 5th edition of the Insurance CuES report that tracks the experience, perceptions, attitudes, and behaviour of consumers in India, with a particular focus on life insurance.

Based on customer experience, the report ranks the top life insurance companies in India and has captured feedback from more than 3600 customers across 13 life insurance brands in the country. The 2025 Life Insurance CuES report provides important insights that can help companies prioritize and better position their business strategies and investments in the year to come.

In a shift from 2024, the life insurance industry has witnessed a significant leap in customer experience, marking a notable departure from last year’s stagnation, particularly in communication, customer support, and the initial purchase and on boarding journey. Hansa Research’s latest Life Insurance CuES 2025 report reveals that customers are associating life insurance brands more positively, especially in aspects like ‘trust and transparency,’ ‘innovation,’ and being ‘customer-oriented.’ This improvement has resulted in a significant increase in the industry’s Net Promoter Score from 54% to 58%.

Over the past five years, the Net Promoter Score (NPS) for the insurance industry has seen a remarkable increase of 20 points, rising from 38% in 2021 to 58% in 2025. This improvement can be attributed to insurers effectively meeting customer expectations in key areas such as operational efficiency, transparency, and post-sales service support. Additionally, there has been a notable shift in customer expectations, evolving from mere transactional interactions to fostering deeper relationships with their insurers.

Furthermore, a significant trend observed over this five-year period is the narrowing gap in NPS between leading and lesser-performing brands. In 2021, the difference in NPS between the top quartile and the bottom quartile brands was 17 points; by 2025, this gap has decreased to just 10 points. This trend suggests an overall improvement in service quality across the industry and underscores the importance of continuous enhancements in customer engagement strategies. As brands strive to enhance their offerings, it is evident that companies are increasingly prioritizing customer satisfaction and loyalty, ultimately benefiting consumers with improved service experiences.

Sharing some insights on the Hansa Research, Life Insurance CuES report, Praveen Nijhara, CEO, Hansa Research said, “The Life Insurance companies have consistently demonstrated strong performance over the last five years. However, differentiation in customer experience is diminishing, making the next few years crucial for establishing brand leadership. Delivering experiences and products tailored to the diverse needs, preferences and communication styles of India’s fragmented demographics especially customers in non-metros, millennials and women will drive leadership.”

Key Highlights

• ICICI Prudential Life Insurance and Axis Max Life Insurance have achieved impressive Net Promoter Scores (NPS) of 65% and 64%, respectively, significantly exceeding the industry average of 58%. Both brands are recognized as innovators, delivering exceptional brand and customer experiences.
• Tata AIA and Kotak Life Insurance have tied for the third spot alongside HDFC Life Insurance, displaying an improvement in their customer experience offerings.
• SBI Life Insurance has also made significant strides improving its NPS, and ranking high on trust and affordability. Additionally, LIC, SBI Life Insurance and HDFC Life Insurance continue to lead in brand awareness among non-life policyholders. image.png

Piyali Chatterjee, Executive Vice President, CX, Hansa Research said, “To thrive in the future, brands must focus on addressing financial literacy, behavioural biases, and simplifying product complexity. Success lies in aligning products with customer needs and profiles while delivering seamless, personalized experiences. Over recent years, customer expectations have shifted from purely transactional interactions to relationship-driven engagement—a trend that continues to strengthen and shape the industry’s evolution.”

In 2025, five key trends emerge, which will play a fundamental role in shaping the industry.

1. Economic Influence on Financial Investment Decisions: Consumers are increasingly influenced by economic factors when making financial investments. However, concerns about lack of information and transparency, as well as the difficulty in understanding financial products, persist. Our findings from the study show that simple-to-understand products and plans are critical for both acquisition and customer retention. Infact, 40% of respondents (non-life policyholders) in the survey mentioned that they did not find it easy to understand the features, terms and conditions of life insurance product & policies.

2. Evolution of Life Insurance needs: While ensuring ‘financial protection for the family’ was the key motivator for purchasing life insurance among the current policyholders (34%), there is an increased focus on savings and retirement among the customers. Insurers need to start aligning their products to meet the evolving needs of the customers, especially with the impending demographic shift towards maturity in the near future in India. Brands can fine-tune their marketing and communication plan by targeting specific products towards existing customers. Infact, when asked about their primary reason for purchase, twice as many customers aged over 40yrs mentioned a need related to their children’s education.

3. Millennial Expectations: The millennial customer is emerging as the most ‘at risk’ in terms of brand stickiness and is more likely to explore alternative options. They prioritize experiences over brand reputation and rank aspects such as affordability, easy access, 24/7 customer support, frequent advisor

engagement and seamless digital solutions for purchasing and managing their policies – high on their list of expectations.

4. What Women Want: Women are driving growth in the industry, highlighting the need for tailored products that emphasize affordability, seamless on boarding, and effective communication. Their need for interaction and engagement with the advisor before and after purchase is higher than that of men. Their product needs differ from those of men. While protection remains a key motivator, their needs gravitate largely towards ‘savings/ income for future/ retirement’ and ‘child plans/ savings safety net for your kids’ future’.

5. Digital Services: Interestingly while digital services and support in life insurance continues its wide, spread adoption among customers especially those in Metros, its role as a differentiating factor between brands is reducing as it is becoming a standard expectation rather than a unique selling point. Brands need to move beyond using digital services and support options for efficiency and instead leverage it for building value for customers.

Bengaluru, April 4, 2024: Knight Frank India in its latest report, India Real Estate: Residential and Office (January – March 2025) Bengaluru witnessed an exceptional office transaction volume of 12.7 million square feet (mn sq ft) in Q1 2025, with pre-commitments accounting for 7.4 mn sq ft. This unprecedented surge positioned the city as the leader among India’s top eight[2] office markets. Marking its strongest quarterly performance to date, Bengaluru recorded a staggering 259% year-on-year (YoY) growth from 3.5 mn sq ft in Q1 2024. The city contributed 45% of total office transactions across major Indian markets, reaffirming its status as a dominant commercial hub.

All India Office Transaction and New Completion (Q1 2025)

End-User CategoriesBengaluru’s office market witnessed a surge in demand, primarily driven by Global Capability Centres (GCCs), which contributed to 65% of all transactions. The city recorded a remarkable 345% YoY growth in GCC transactions, underscoring its appeal as a key destination for Global Capability Centres.

Viral Desai, Senior Executive Director, Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets and Retail Agency, Knight Frank India, said “Bengaluru’s commercial real estate market continues to thrive, supported by strong occupier demand, expansion by technology firms, and a growing footprint of GCCs. The city has reinforced its position as a preferred destination for corporate occupiers, particularly in flex office spaces, which have seen unprecedented growth. Moreover, the strong pre-commitment activity in upcoming Grade A developments reflects forward-looking confidence in Bengaluru’s long-term potential. On the residential front, premium and mid-segment properties are seeing strong traction, driven by improving affordability and a growing preference for larger homes.”

Residential Market Update: January – March 2025

The residential market experienced marginal decline of 5% YoY in sales, with 12,504 units sold in Q1 2025 compared to 13,135 units in Q1 2024. Despite this, average residential prices soared to INR 7,116 per sq ft—the highest since Q1 2018—reflecting a 16% YoY increase. The quarter also witnessed the launch of 16,524 new units, reflecting sustained developer confidence in Bengaluru’s housing market.

Bengaluru Residential Market Summary

Home Price Ticket Categories

Bengaluru’s higher ticket-size residential segment INR 50–100 mn recorded the highest YoY growth in sales in Q1 2025, surging 133% from 80 units in Q1 2024 to 187 units in Q1 2025. The INR 10–20 mn category remained the dominant segment, accounting for 36% of the city’s total transactions. A total of 4,507 units were sold in this bracket, marking a 3% YoY increase.

Ticket-Size Split of Sales

Shantanu Mazumder, Executive Director Bengaluru, Knight Frank India, said “The residential market in Q1 2025 experienced a slight dip in YoY sales volume. However, the average residential price soared with a significant 16% YoY increase reflecting healthy market dynamics. This reflects a robust demand despite the slight decline in overall YoY sales.”

4th April 2025, India – T-Hub, one of the world’s leading startup incubators, in collaboration with Atal Innovation Mission (AIM) has today announced the launch of the 5th cohort of AIC T-Hub Healthcare Program. The program has selected 20 promising startups from a competitive pool of over 209 applications.

This three-month hybrid program is designed to accelerate innovation in MedTech, digital health, and healthcare accessibility by providing startups with mentorship, market access, investor engagement, and regulatory guidance. Among the selected startups are Artyem Care, Bioscafil, Chqup, Cloud Palliative Care, Dag2IL, Epirelief, Dr. DICOM (GLOCAL DIGITAL), Kashi Medicos, Nahush Pharma, Oui Medical, Planytics, Reyansh Technologies, Sigma Mozak, Signel Biomedical, Skinska, Tap Health, thebabyland, TurocratesAI, 365Veda, and Warkas. These startups were selected based on their proof-of-concept readiness, technological innovation, regulatory compliance preparedness, market potential, and the strength of their founding teams.

Throughout the program, they will benefit from one-on-one mentorship with industry veterans, strategic introductions to hospitals and corporates, and exclusive investor networking opportunities to help secure funding and business collaborations. Through this program, startups will gain access to leading hospitals and healthcare institutions for real-world validation and pilot studies, ensuring their solutions are market-ready and clinically viable. They will also receive expert guidance on navigating domestic and international healthcare regulations, which is critical for scaling in a highly regulated industry.

Additionally, by engaging with venture capitalists, healthcare firms, and policymakers, startups will have opportunities to forge strategic partnerships and secure funding. Market access will be a key focus, with curated introductions to hospitals, corporates, and healthcare organizations that can facilitate growth and adoption of innovative solutions.

Speaking on the launch, Rajesh Adla, CEO of AIC T-Hub Foundation, said, “At AIC T-Hub, we are committed to driving healthcare innovation by equipping startups with the resources they need to scale and succeed. The 5th cohort of our Healthcare Program is a testament to our ongoing efforts to build a thriving healthcare ecosystem in India. By fostering innovation, we aim to improve healthcare accessibility, affordability, and efficiency.”

Since its inception, AIC T-Hub has successfully supported 53 healthcare startups across four previous cohorts in MedTech, digital health, and healthcare accessibility. These startups have collectively raised over ₹60.46 crore in funding from investors and grants, facilitated more than 180 market access opportunities with hospitals, corporates, and healthcare institutions, and participated in global healthcare conferences that have significantly boosted their visibility and industry connections. Through initiatives like Doctors & Hospitals Roundtables, startups have been able to showcase their products to key stakeholders, further enabling collaboration and adoption.

Looking ahead, AIC T-Hub is strengthening clinical validation opportunities through collaborations with hospitals, research labs, and pharmaceutical companies. The program also aims to onboard one or two international startups to introduce them to India’s healthcare ecosystem, fostering cross-border innovation. Additionally, AIC T-Hub is building a robust network of doctors, hospitals, and sector-focused investors to support startup success. The program will conclude with a Demo Day & Investor Connect in June 2025, where participating startups will present their solutions to industry leaders and potential investors.

Alibaug, Mumbai: A recent Magicbricks Insights report states that over 13% of Alibaug’s current residential supply is priced above Rs 3 crore, down from 23% the previous year, indicating a shift in market dynamics in 2024. The report also noted that in Lonavla and Khandala, over 50% of residential properties are valued above Rs 3 crore, a decline from 75% at the start of 2024, showcasing active investor participation in these premium locations.

Concentrated on Metro Cities

Traditionally, real estate investment in India has been concentrated in metro cities like Mumbai, Delhi, and Bangalore. In recent times, due to untapped markets, new properties, and convenience, Alibaug and Lonavla are emerging as luxury real estate hotspots. This trend is driven by evolving buyer preferences, strategic locations, and improved infrastructure.

Mohit Malhotra, Founder & CEO, NeoLiv, said, “Alibaug is no longer just a weekend escape, it is fast emerging as Mumbai’s answer to the Hamptons. Enhanced connectivity through the Mumbai Trans Harbour Link (MTHL) and Ro-Ro ferry services has transformed this coastal town into a high-demand real estate destination. What was once a quiet retreat is now a thriving hotspot for luxury living and investment. The region is witnessing an unprecedented surge in demand, driven by ultra-luxury villas, premium plotted developments, and second homes. With its serene landscapes, pristine beaches, and close proximity to Mumbai, Alibaug is attracting high-net-worth individuals, celebrities, and investors looking for long-term value appreciation.”

He further added, “As the preference for open spaces, sustainable living, and private residences grows, Alibaug is becoming the go-to destination for those seeking an escape from the city’s hustle while still staying well-connected. With infrastructure development on the rise and property values steadily appreciating, the town is poised to be the next big real estate goldmine, offering both lifestyle appeal and strong investment potential.”

Alibaug: The Next Best Destination in MMR

Alibaug’s investment potential is maturing rapidly, with land purchases picking up over the past year. With investors homing in on this emerging market, prospective buyers have access to a wide range of options, including plot investments and ready-to-move-in homes. Known for its pristine beaches and peaceful environment, Alibaug has become a popular destination for high-net-worth individuals, investors, and celebrities seeking premium homes for vacation and leisure purposes.

Developers are increasingly investing in new housing projects featuring open spaces, sustainable amenities, and private residences—everything an affluent homebuyer may seek. With a vision to redefine destination living in the town, developers are catering to the discerning tastes of buyers seeking unparalleled luxury in their living spaces, with modern architectural styles and amenities.

Unmatched Connectivity

Better connectivity and anticipated infrastructure projects have further enhanced Alibaug’s appeal. The Virar Alibaug Expressway, scheduled for completion by 2030, is expected to be a game-changer for the city. The 126 km-long project, estimated at Rs 55,000 crore, will significantly improve connectivity across Maharashtra and reduce travel time, especially between Virar and Alibaug.

Existing infrastructure highlights such as the Mumbai Trans Harbour Link (MTHL) and Ro-Ro ferry services have transformed this quaint city into a thriving luxury real estate destination.

Future Outlook

This destination is ideal for homebuyers and long-term investors, offering exclusivity, tranquility, and potential capital appreciation. The rising demand for luxury villas, premium plotted developments, and beachfront properties indicates a shift in investor sentiment toward high-value locales outside Mumbai.

Homebuyers now have a plethora of options for ready-to-move-in homes. The development of gated communities, premium villas, and wellness retreats is attracting both investors and second-home buyers. Alibaug is seeing increased demand for vacation homes due to its pleasant climate, proximity to Mumbai and Pune, and a flourishing luxury real estate market. These properties also offer long-term value appreciation, an added bonus for potential investors.

Gurgaon, 03 April 2025: Institutional investments in Indian real estate have seen a strong start to 2025, with inflows reaching USD 1.3 billion in the first quarter—a 31% year-on-year (YoY) increase. This growth was primarily driven by domestic investments, which accounted for 60% of the total inflows during the quarter. With USD 0.8 billion inflows, domestic investments saw a 75% annual rise and were largely focused on industrial & warehousing and office segments.

Office segment drove one-third of the institutional inflows during the first quarter of 2025, at USD 0.4 billion worth of investments. Hyderabad attracted over half of the total inflows in the office segment in Q1 2025. At the India level, Industrial & warehousing and residential segments too witnessed significant traction, cumulatively accounting for 47% of the total inflows during Q1 2025.

“Institutional investors in Indian real estate continue to exhibit confidence, as investments rose by 31% YoY to USD 1.3 billion in Q1 2025. This growth highlights the resilience of the Indian real estate and the untapped opportunities it presents. Both foreign and domestic investors remained committed towards core assets, with office, residential and industrial & warehousing segments cumulatively accounting for 80% of the institutional investments in Q1 2025. The momentum is expected to persist through 2025, supported by strong economic growth prospects, robust demand across asset classes and optimistic business sentiment. Anticipated easing of monetary policy in the near future and proactive government policies are likely to ensure capital deployment in both core and alternative real estate assets throughout the year,” said Badal Yagnik, Chief Executive Officer, Colliers India.

Investment inflows were limited for Retail assets in Q1 2024 and Q1 2025

The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs, listed REITs and sovereign wealth funds. The data has been compiled as per available information in the public domain

Residential investments surge in Q1 2025, ~3X times compared to Q1 2024

During Q1 2025, institutional investments in the residential segment was almost thrice the inflows in the corresponding period of 2024. The segment with USD 0.3 billion inflows, accounted for 23% of the total quarterly investments, almost at par with the inflows in industrial & warehousing segment. Interestingly, foreign investments accounted for over half of the total inflows in residential segment during the quarter, led by select large deals.

“Residential real estate in India has been witnessing strong end user demand in recent years. Institutional investments in the segment grew multi-fold to the tune of USD 0.3 billion during Q1 2025, on an annual basis. Amidst evolving capital deployment trends, leading global investors are increasingly partnering with domestic developers, forming joint venture platforms to capitalize on growing opportunities in the residential segment. Sustained growth in residential prices, rising demand for luxury housing, and ongoing infrastructure developments will continue to boost institutional investments in residential real estate in the upcoming quarters. Concurrently, likely reduction in repo rates can potentially fuel residential demand and thereby investments in mid & affordable housing as well,” said Vimal Nadar, Senior Director & Head of Research, Colliers India.

In continuation to the growth momentum set in 2024, the Industrial & warehousing segment also saw over USD 0.3 billion of investments in Q1 2025, a notable 73% YoY increase. Improved investor confidence is reiterated by strong performance of high frequency macro-economic indicators including Manufacturing Purchasing Manager’s Index (PMI) and Index of Industrial Production (IIP). India’s Manufacturing PMI touched 58.1 in March 2025, the highest since mid-2024 indicating strong expansion in the manufacturing sector, driven by robust demand, increased production output, and improved business confidence.

Investments in alternate assets remained healthy at USD 0.07 billion during the quarter. Amongst alternate assets, data centers particularly witnessed strong traction in Q1 2025, led by capital deployment in a proposed hyperscale data center in Mumbai.

Mumbai followed by Bengaluru attracted majority of the inflows in Q1 2025

While multi-city deals corresponded to an overall 31% share, Mumbai, with about USD 0.3 billion inflows accounted for 22% of the real estate investments in the country during Q1 2025. Bengaluru and Hyderabad followed closely with 20% and 18% share respectively. While Mixed-use assets accounted for over half of the quarterly inflows in Mumbai, the residential segment drove 55% of real estate investments in Bengaluru during Q1 2025.