Institutional investments in Q1 2024 Jan-March – Vestian

New Delhi, 15th April 2024: Q1 2024 reported institutional investments of USD 552 Mn, registering a decline of 55% on the year and 27% in the quarter. This steep fall could be attributed to the cautious approach of foreign investors amid global macroeconomic uncertainty.

On the other hand, domestic investors showcased resilience and accounted for 98% of the total institutional investments received in the current quarter. Although the share has increased from 36% a year earlier, investments in value terms increased by only 21%. Domestic investors invested around USD 541 Mn across multiple deals during Q1 2024.

Investor Type Value (USD Mn) % Change % Share
Q1 2023 Q4 2023 Q1 2024 Q1 2024 vs Q1 2023 Q1 2024 vs Q4 2023 Q1 2023 Q4 2023 Q1 2024
Foreign 791.4 299.8 11 -99% -96% 64% 40% 2%
India-dedicated 446.9 452.1 541.1 21% 20% 36% 60% 98%

Shrinivas Rao, FRICS, CEO, Vestian, “Domestic investors are bullish about India’s growth story, continue to pour in investments in the real estate sector. On the other hand, foreign investors are cautious due to global macroeconomic uncertainty and geopolitical tensions.”

Commercial assets (office, retail, co-working, and hospitality projects) garnered the highest investments of USD 232 Mn in Q1 2024, closely followed by residential assets at USD 225 Mn.

Despite an increase in the share of commercial investments to 42% in Q1 2024 from 39% a year earlier, they declined by 52% in value terms. Similarly, the share of residential investments also increased to 41% in Q1 2024 from 27% in Q1 2023. However, investments declined by 33% annually in value terms. Investments significantly decreased by 73% in the industrial and warehousing sector in Q1 2024 over the previous year.

Asset Type Value (USD Mn) % Change % Share
Q1 2023 Q4 2023 Q1 2024 Q1 2024 vs Q1 2023 Q1 2024 vs Q4 2023 Q1 2023 Q4 2023 Q1 2024
Commercial 484.8 571.0 231.6 -52% -59% 39% 76% 42%
Residential 337.7 63.0 225.0 -33% 257% 27% 8% 41%
Industrial & Warehousing 215.8 105.9 58.9 -73% -44% 18% 14% 11%
Diversified 200.0 12.0 36.7 -82% 205% 16% 2% 6%
Total 1,238.3 751.9 552.1 -55% -27% 100% 100% 100%

Bengaluru dominated the institutional investments in Q1 2024 with USD 299 Mn, followed by NCR at USD 110 Mn. Both the cities together accounted for around 74% of the total investments received in the current quarter. Edelweiss Capital turned out to be the most active investor during the quarter with over USD 300 Mn worth of investments across the asset classes and geographies.

Rao further added, “The Indian real estate sector is expected to garner increased investments in the coming months on the back of a strengthened economic scenario and robust demand.

Navratri Festivity Fuels Investment Optimism: Developers Eye Surge in Demand Across Real Estate and Infrastructure Sectors

Navratri holds a revered status in India for property acquisition, resonating with profound cultural significance heralding fresh opportunities and prosperity. It is deeply ingrained in the collective consciousness that engaging in significant endeavors such as property investment during Navratri brings forth auspicious outcomes.

In line with this enduring tradition, the millennials also espouse reverence for customary practices, demonstrating a penchant for property acquisition during Navratri. While staying attuned to pragmatic considerations such as market dynamics and financial viability, their adherence to age-old beliefs fortifies the robustness of the real estate sector.

As Navratri unfurls the tapestry of the festive season, there exists a palpable anticipation within the real estate market, poised for heightened consumer activity and transactional fervor. Real estate developers eagerly embrace this opportune moment, unveiling an array of enticing offers, discounts, and bespoke promotions, leveraging the buoyant spirit of the festivities to invigorate sales and engender prosperity in the marketplace.

Ravi Saund, Founding Director of Emperium Realty Pvt Ltd said, “India’s real estate sector is outpacing global markets and is expected to continue thriving. The festive season will elevate the market even further, with a clear preference for spacious homes equipped with contemporary amenities such as dedicated workspaces, expansive balconies, fitness and wellness zones, play areas for children, serene prayer rooms, and numerous high-end facilities. Customers are displaying remarkable confidence in pursuing their dream properties, and we anticipate this trend to gain even more momentum during the festive season, extending well into the remainder of 2024. The surge in demand for real estate assets indicates the sector’s robust health, and we predict that it will continue to grow in the foreseeable future.

Varun Bassi, Head of Sales and Marketing Worldwide Realty said, “During Navratri, there is a noticeable increase in demand for various real estate offerings such as spacious homes, dedicated floors, SCO (Shop-Cum-Office) units, commercial office spaces, and land parcels suitable for initiating manufacturing units. This heightened interest provides developers with the perfect opportunity to showcase their offerings by rolling out attractive deals and unveiling new projects tailored to cater to this specific market sentiment.

The festive season acts as a catalyst, further propelling the real estate market to new heights, with consumers exhibiting a clear preference for property investments during this time. This surge in demand not only underscores the sector’s resilience but also serves as a testament to its robust health. As such, we anticipate sustained growth in the real estate sector in the foreseeable future, fueled by the buoyant market dynamics observed during Navratri and other festive periods.

Tapasaya Foundation and Lightsense Art Foundation Hosted RENAISSANCE Dance Festival at Triveni Auditorium, Mandi House, Delhi on 12th April 2024

Tapasaya Foundation

Delhi, India – Tapasaya Foundation, in collaboration with Lightsense Art Foundation, was delighted to announce the “RENAISSANCE” dance festival, which graced the prestigious Triveni Auditorium in Mandi House, Delhi, on 12th April 2024. Festival directors Milind Srivastav and Ajay Bhatt were eager to unveil their vision and mission behind this cultural extravaganza.

The “RENAISSANCE” dance festival aimed to foster a deeper appreciation of art and culture within society, particularly uplifting underprivileged individuals possessing remarkable talent but lacking avenues to showcase their artistry. This festival served as a platform to empower budding artists and provided them with the opportunity to display their dance prowess and dedication.

The festival’s lineup promised a captivating fusion of traditional and contemporary dance performances. Dr. Pallavi Lohani enchanted the audience with her Kathak performance, epitomizing the essence of Devi Durga. Renowned Kathak artists such as Himani Gautam, Gaurav Javda, and Deepak Javda, guided by Dr. Rekha Mehra, presented a mesmerizing “Taraana,” showcasing the intricate techniques of the Kathak dance form.

Acclaimed Odissi dancer Sushant Maharana showcased the rich cultural heritage of Odissi through his performance titled “Dashavatar.” Additionally, Sangeeta Mohanty captivated the audience with her rendition of “Devi Stuti” through the graceful movements of Odissi dance.

The festival also featured a captivating Chhau dance performance by Mayurbhanjh Chhau artists Abhishek and Anurag, presenting a duet performance on “Geeta Updesh” from the epic Mahabharata. Nikhil Pal, another talented Chhau dancer, presented a traditional dance item titled “Dandi,” narrating the journey of a boy into manhood and his path to becoming a celibate saint.

Collaborating organizations such as Urvashi Dance Music Art and Cultural Society and Amoli were pivotal in ensuring the success of the festival, contributing to its vision of celebrating and preserving the diverse tapestry of Indian art and culture.

“RENAISSANCE” was a celebration of talent, diversity, and inclusivity, showcasing the beauty and depth of Indian classical dance forms while providing a platform for emerging artists to shine.

Delhi, India – Tapasaya Foundation, in collaboration with Lightsense Art Foundation, was delighted to announce the “RENAISSANCE” dance festival, which graced the prestigious Triveni Auditorium in Mandi House, Delhi, on 12th April 2024. Festival directors Milind Srivastav and Ajay Bhatt were eager to unveil their vision and mission behind this cultural extravaganza.

The “RENAISSANCE” dance festival aimed to foster a deeper appreciation of art and culture within society, particularly uplifting underprivileged individuals possessing remarkable talent but lacking avenues to showcase their artistry. This festival served as a platform to empower budding artists and provided them with the opportunity to display their dance prowess and dedication.

The festival’s lineup promised a captivating fusion of traditional and contemporary dance performances. Dr. Pallavi Lohani enchanted the audience with her Kathak performance, epitomizing the essence of Devi Durga. Renowned Kathak artists such as Himani Gautam, Gaurav Javda, and Deepak Javda, guided by Dr. Rekha Mehra, presented a mesmerizing “Taraana,” showcasing the intricate techniques of the Kathak dance form.

Acclaimed Odissi dancer Sushant Maharana showcased the rich cultural heritage of Odissi through his performance titled “Dashavatar.” Additionally, Sangeeta Mohanty captivated the audience with her rendition of “Devi Stuti” through the graceful movements of Odissi dance.

The festival also featured a captivating Chhau dance performance by Mayurbhanjh Chhau artists Abhishek and Anurag, presenting a duet performance on “Geeta Updesh ” from the epic Mahabharata. Nikhil Pal, another talented Chhau dancer, presented a traditional dance item titled “Dandi,” narrating the journey of a boy into manhood and his path to becoming a celibate saint.

Collaborating organizations such as Urvashi Dance Music Art and Cultural Society and Amoli were pivotal in ensuring the success of the festival, contributing to its vision of celebrating and preserving the diverse tapestry of Indian art and culture.

“RENAISSANCE” was a celebration of talent, diversity, and inclusivity, showcasing the beauty and depth of Indian classical dance forms while providing a platform for emerging artists to shine.

Discover the Richness of Tamil Cuisine at Café Pride’s Chithirai Thirunal Virundhu

Discover the Richness

Café Pride at The Pride Hotel Chennai is hosting a special food festival, Chithirai Thirunal Virundhu, to celebrate Tamil New Year with an exquisite culinary experience. This all-day dining café is renowned for its diverse food choices and exotic flavors, featuring a wide range of global cuisines prepared by master chefs.

“We are thrilled to host the Chithirai Thirunal Virundhu food festival at Café Pride, The Pride Hotel Chennai. We aim to offer an authentic culinary experience that celebrates the rich cultural heritage of Tamil Nadu during this auspicious occasion. We invite guests to indulge in the vibrant flavors and immerse themselves in the joyous spirit of Tamil New Year,” said Shailendra Singh, Corporate Chef, Pride Hotels Group

The Chithirai Thirunal Virundhu festival will showcase authentic Tamil dishes, such as Pongal, Vadai, Payasam, and more, meticulously crafted to offer a true taste of the rich Tamil culture. The festival is a unique opportunity for food lovers to indulge in the vibrant flavors of Tamil Nadu and immerse themselves in the joyous spirit of Tamil New Year.

Café Pride’s minimalistic design and 24×7 operating hours make it an easily accessible and welcoming space for guests to enjoy their meals at any time of the day or night. The festival is a testament to The Pride Hotel Chennai’s commitment to providing personalized services and promoting cultural celebrations.

Dates: 12th April to 14th April

Venue: Café Treat, The Pride Hotel Chennai

Address: 216, E V R Periyar Salai, Poonamalle High Road, near Sangam Cinema, Kilpauk, Chennai, Tamil Nadu 600010

Swami Purnatmanandaji Maharaj’s Centennial Celebration Radiates Spiritual Splendour in Kolkata

Swami Purnatmanandaji Maharaj's

Kolkata, 15th April 2024: The 100th birth anniversary of His Holiness Swami Purnatmanandaji Maharaj, a luminary in the realm of spiritual leadership, was celebrated by his disciples and devotees on Saturday, 13th April 2024 at the Bharat Sevashram Sangha, Garia Branch. The event witnessed the gracious presence of revered dignitaries including Swami Purnatmanandaji Maharaj himself (Working President, Bharat Sevashram Sangha); Swami Girishanandaji Maharaj (Maharaj in charge of Garia Branch of Bharat Sevashram Sangha); and Dr. Sukumar Mukherjee (Retired Professor and Head of Medicine Medical College, renowned doctor and recipient of the various awards) alongside disciples, devotees, supporters and believers of Bharat Sevashram Sangha. This occasion not only honors a remarkable individual but also celebrates a lifetime dedicated to service and spirituality.

Bharat Sevashram Sangha, a religious and spiritual organization focused on humanitarian work, was founded in 1917 by the illustrious patriot saint Acharya Srimat Swami Pranavanandaji Maharaj. It is purely a philanthropic and charitable organization with a non-sectarian, non-communal, and non-political character and outlook. The headquarters of the Sangha is situated in Kolkata, West Bengal with more than three hundred branches in India and overseas.

Born in the humble village of Bangaon, West Bengal, Swami Purnatmanandaji Maharaj’s spiritual journey began under the guidance of Swami Satchidanandaji Maharaj, fondly known as Baro Swamiji. His early encounters with spirituality laid the foundation for a lifetime commitment to service.

One of the defining moments of Swami Purnatmanandaji Maharaj’s journey was his participation alongside Mahatma Gandhi during the historic pilgrimage from Ahmedabad to Noakhali in 1946. This experience ignited his passion for humanitarian work, leading him to Kolkata, where he joined the Bharat Sevashram Sangha and dedicated over 75 years to its mission.

Under the divine blessings of Sangha Guru Swami Pranavanandaji Maharaj, Swami Purnatmanandaji Maharaj’s unwavering devotion has been instrumental in the establishment and flourishing of Bharat Sevashram Sangha centers worldwide. These Sangha centers in the USA, UK, Canada, Australia, Fiji and West Indies stand as beacons of the Sangha’s spiritual ethos, spreading its deep philosophy of service, devotion and selflessness far and wide.

Swami Purnatmanandaji Maharaj’s commitment to the Sangha’s sacred mission remains resolute even when nearing the remarkable age of 100. With tireless efforts, he continues to oversee every branch, both in India and abroad, with profound diligence and unwavering dedication.

Reflecting on the significance of this milestone, Swami Purnatmanandaji Maharaj remarked, “It has been a journey of immense blessings and divine guidance. As I step into my 100th year, I am overwhelmed with gratitude for the opportunities to serve and spread the teachings of Srimat Swami Pranavanandaji Maharaj globally.”

Dr. Sukumar Mukherjee who graced the event, inaugurated a biography chronicling Swami Purnatmanandaji Maharaj’s life journey. He stated, “Swami Purnatmanandaji Maharaj’s life unfolds vividly in ‘As I Saw, As I Heard … Life of my Guruji,’ authored by one of his disciples, Smt. Dola Dasgupta Lahiri, based in Dubai. This compelling biography encapsulates the essence of Swami Purnatmanandaji Maharaj’s spiritual odyssey, offering profound insights into his teachings, trials and transformative experiences. His contributions to society through the Bharat Sevashram Sangha have left an indelible mark on countless lives.”

As his disciples and devotees celebrate the birth centenary of Swami Purnatmanandaji Maharaj, his exemplary leadership and steadfast devotion serve as a guiding light for generations to come, inspiring individuals worldwide to embrace the values of service, compassion, and spiritual enlightenment.

Exhibition ECOTONE At The Bridging Culture And Arts Foundation (B-CAF)

Exhibition ECOTONE

What: Exhibition ‘ECOTONE’ – ECOTONE

About The Exhibition – A Collection of Exclusive ArtWorks by Artist Koustabh Chakraborty resonating a deep-rooted connection to the Land, the Community & the timeless rhythms of Nature

Date: 14th April, 2024 to 30th April, 2024

Time: 4 PM to 8 PM

Venue: Bridging Culture & Arts Foundation, 176/14/163, Regent Apartments, Ground Floor, Kolkata – 92

Granules India’s Unit V facility in Visakhapatnam Successfully Completes US FDA Inspection with Zero 483 Observations

Granules I

Hyderabad, 15th April 2024 Granules India Limited, announced that the Company’s Unit V facility located at Anakapally, Visakhapatnam, Andhra Pradesh, India has successfully completed the US Food and Drug Administration (FDA) inspection between 8th and 12th April 2024, resulting in zero 483 observations.

This audit was a Pre-Approval Inspection (PAI) and cGMP audit for Active Pharmaceutical Ingredients (APIs) and Formulations (FDs) for oncology and non-oncology products.

According to Dr. Krishna Prasad Chigurupati, Chairman & Managing Director, Granules India, “We are very proud to reiterate that our focus on high-quality standards is comparable to the best global benchmarks as we receive zero observations from US FDA audits. We will continue to move ahead and manufacture products that will enhance health care.”

M3M Foundation’s Lakshya Scholar Aradhana Singh from Delhi Clinches Victory at Australian Junior Open Under 11 Category

M3M Foundation’s Lakshya Scholar

New Delhi: Aradhana Singh, a youngest Lakshya scholar supported by M3M Foundation, has made history today by triumphing at the Australian Junior Open Under 11 category. In a stunning display of skill and determination, Aradhana secured her victory by defeating Sashana Istritharan of Malaysia with a remarkable score of 3-0 (11-4, 11-5, 11-2).

10 years old, Aradhana Singh has become one of the youngest Indians at her age to claim the prestigious title at the Australian Junior Open, marking a significant milestone in her promising career. Her exceptional performance on the court not only showcases her innate talent but also underscores the effectiveness of the rigorous training and support provided by M3M Foundation under Lakshya Programme.

The journey to success for Aradhana Singh has been made possible through the invaluable assistance of the M3M Foundation, which has generously provided her with a scholarship. This support has enabled Aradhana to pursue her dreams with unwavering focus and dedication, ultimately leading to her remarkable victory on the international stage.

Speaking after her victory, Aradhana expressed her gratitude to the Lakshya Programme by M3M Foundation, stating, “I am incredibly grateful for the support and opportunities provided to me by M3M Foundation. This victory is not just mine but belongs to all those who have believed in me and supported me throughout my journey.”

Dr Payal Kanodia, Chairperson & Trustee, M3M Foundation said, “We are very happy to share that today players from every corner of India are benefiting from our Lakshya program and are making their name proud in sports. Aradhana has made the entire Nation proud by winning Australian Junior Open Under 11 Category. I congratulate on her victory.”

Aradhana’s success serves as an inspiration to aspiring young athletes across India and beyond, demonstrating that with passion, perseverance, and the right support, anything is possible. Her achievement at the Australian Junior Open underscores the immense potential within the Indian sporting community and highlights the importance of nurturing talent from a young age.

As Aradhana Singh celebrates her historic victory, reaffirm their commitment to encouraging the next generation of sporting champions and empowering them to reach new heights of excellence.

The Art Exchange Project presents their 6th Group Art Show from April 13th to 16th, 2024 at The Stainless Gallery, New Delhi

The Art Exchange

The Art Exchange Project presents its 6th Group Art Show, Evoke – Ignite, Awaken, Stir at The Stainless Gallery, Mira Corporate Suites, Mathura Road, New Delhi. The exhibition will showcase works by 16 artists in the medium of their choice and will be on from Saturday, April 13th, 2024 until Tuesday, April 16th, 2024. The show was inaugurated by Dr. Shankari Murali, the Additional Controller General of Accounts on Friday, April 12th, 2024.

Curated by Founder of The Art Exchange Project and Visual Artist, Aarti Uppal Singla, the show will be a collection of paintings, digital art, collages, photographs, and enamel pieces created by 16 artists from Delhi NCR, Haryana, and Rajasthan.

Chief Guest Dr. Shankari Murali, the Additional Controller General of Accounts said, “Evoke – a beautifully put together show in an elegant gallery. Deriving inspiration from a range of themes – trees, seasons, wetlands, flora, fauna, the cosmos, divinity, the very universe, the works of these brilliant artists share a bit of their perspectives shaped in different media. Each wonderful piece of art beckons us not merely towards itself but also within ourselves to chart the landscapes that they Evoke within each of us.”

“Evoke” serves as a testament to the profound impact art can have in eliciting a response from the depths of our being. With each stroke of the brush, each intricate detail meticulously created, “Evoke” beckons forth a kaleidoscope of sensations. Here, the definition of evoke finds its truest expression as viewers are transported into a realm where the boundaries between perception and reality blur.

The show presents works of 16 artists in different mediums and styles. Each artist takes up a subject matter close to them and evokes in the onlooker their personal connection with that art.

The participating artists are Aarti Uppal Singla, Harsh Jalendra, Indraneel Ghose, Kavita Lomror, Khushroo Kalyanwala, Madhav Bhardawaj, Reena Chopra, Ritu Chopra, Sarla Chandra (Senior Artist), Shivam Sehgal, Shravani Dang, Sujata Khanna, Sushil Bhasin, Sushil Thakur, Tushar Nath and Winnie Singh.

“Evoke is a testament to the profound impact art can have on us. We are thrilled to present a collection of works by 16 talented artists that will evoke a variety of sensations and transport viewers into a realm where perception and reality blur. This show is a celebration of the power of art to move, transform, and connect us all” – Aarti Uppal Singla, Founder of The Art Exchange Project and Curator of Evoke – Ignite, Awaken, Stir

The gallery will give the viewers an opportunity to be enveloped by the evocative power of art. As one wanders among the art pieces on display, they may find themselves stirred, moved and ultimately transformed by the profound beauty that lies within.

Making the experience more interactive, workshops, talks, and movie screenings will be conducted to instill the real essence of the art show, the schedule is as follows:

– Saturday, April 13th, 2024: Movie Screening of Tolma Village a documentary film by Ritu Chopra (Official selection for CBFF 2022) @ 3.30 pm

– Sunday, April 14th, 2024: Enamel Jewellry Making by Kaita Lomror @11.30am –2.30pm

– Sunday, April 14th, 2024: Bohemian Art by Shivam Sehgal @3.30pm – 5.30pm

– Monday, April 15th 2024: Artistic gift wrapping by Ankush Agarwal @2.30pm – 4.30pm

Art transcends mere materials; it’s a fragment of the artist’s soul, forever connected to its creator. Each piece carries a story, whispering emotions, dreams, and desires. This exhibition invites you to be part of this dialogue. As you engage with the art, a unique dance unfolds – a personal exchange where boundaries blur and connections spark. The artists yearn to evoke feelings of oneness and well-being, a reminder that despite diverse themes, we share this journey on our tiny blue planet.

Bharatvarshiya Digamber Jain Tirtha Sanrakshini Mahasabha’s Jain Dharohar Diwas & Sethi Trust’s Nirmal Kumar Jain Sethi Memorial Award

Bharatvarshiya Digamber Jain T

Kolkata, 15th April 2024: Shri Bharatvarshiya Digamber Jain Tirtha Sanrakshini Mahasabha convened a significant press conference to unveil a momentous initiative aimed at the preservation and promotion of Jain culture, monuments and festivals on Saturday, 13th April 2024 at Press Club, Kolkata. The event was graced by esteemed members including Mr. Dharmendra Jain, Trustee of Sethi Trust, Mr. Vinod Kumar Kala, President, Gunayatan and Mr. Rajkumar Sethi, Secretary, Shri Bharatvarshiya Digamber Jain Tirtha Sanrakshini Mahasabha among others.

During the press briefing, it was revealed that the Mahasabha will mark ‘Jain Dharohar Diwas’ nationwide on April 27th, dedicated to the memory of the revered Shri Nirmal Kumar Sethi Jain. Shri Sethi, an esteemed figure in the Jain community, was renowned for his lifelong dedication and leadership in preserving Jain heritage and contributing to social welfare. His tireless efforts included exploration of archaeological sites and inspiring the younger generation to delve into Jainism and its historical evidence. In recognition of his invaluable service, Jain Dharohar Diwas will serve as a tribute to his legacy. This year’s celebration holds special significance as it coincides with the 2550th death anniversary of Lord Mahavir, venerated by the Jain community, adding an extra layer of uniqueness to the occasion.

Moreover, Shri Dharmendra Jain, Trustee of Sethi Trust announced the ‘Nirmal Kumar Jain (Sethi) Memorial Award’, honoring individuals who have made exceptional contributions in two categories philosophy and literature, & in art and archaeology.

Speaking on this occasion, Raj Kumar Sethi emphasized “Jainism is a precious legacy that we must preserve and cherish, Shri Nirmal Kumar Sethi devoted his life to protecting Jain culture and reli