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Delhi, 23 December,24 : The Federation of Hotel & Restaurant Associations of India (FHRAI), the third largest hospitality association in the world, has shared its recommendations to the Ministry of Tourism, Government of India, aiming to address the ongoing human resource shortages and skill gaps faced by the hospitality industry. As one of India’s most vital sectors contributing to economic growth, employment, and cultural exchange, the hospitality industry is facing significant challenges, including declining enrolments in hospitality programs, skill gaps, workforce shortage and retention issues, along with policy gaps. These issues are hindering the sector’s growth potential and its ability to meet the demands of a rapidly evolving global tourism landscape.

The hospitality industry is currently facing several challenges that are limiting its growth and ability to meet global standards. These challenges include mismatch between the education system and industry needs, a lack of practical, real-world exposure for students, and insufficient collaboration between academic institutions and hospitality establishments. There is a shortage of skilled frontline workers, as many hospitality programs focus on training for managerial roles, leaving a gap in essential operational staff.

To address these issues, FHRAI has made several key recommendations, including establishing a central portal by NCHMCT to connect hospitality establishments with students for internships and placements. Stronger partnerships between academic institutions and the industry would enable structured internships, offering students exposure to multiple departments. FHRAI also recommends updating hospitality curriculums every 3-5 years to align with industry trends, introducing a feedback mechanism for internships, and balancing the allocation of seats for both managerial and frontline roles. Additionally, real-world projects like event planning and property management would help students gain practical experience and be more job-ready.

Mr. K. Syama Raju, President, FHRAI said, “The hospitality industry is a cornerstone of India’s economy, and addressing the HR and skill gaps is critical for its growth. These recommendations are not just solutions for today, but investments for the future. We urge the Ministry of Tourism to consider these actionable points, as they will help create a sustainable and competitive workforce for India’s hospitality sector, while aligning with the vision of ‘Atmanirbhar Bharat’. We are committed to working closely with the Ministry and other stakeholders to bring these recommendations to life, ensuring a brighter, more sustainable future for India’s hospitality sector.”

FHRAI Centre of Excellence (CoE) recently organised an HR Summit that brought together industry experts, educators, and regulatory bodies to discuss solutions to these critical issues. FHRAI CoE firmly believes that these reforms will not only resolve existing issues but also foster innovation, inclusivity, and competitiveness within the hospitality sector, aligning with India’s long-term tourism and economic growth goals.

India – Nov 26th, 2024: Ensuring safe travel for women remains a critical priority in India, especially for those journeying alone. From bustling metropolitan areas like Delhi, Bangalore, and Chennai to growing cities such as Bhopal and Agra, many women continue to express concerns about their safety while traveling. This is particularly evident during intercity journeys, highlighting the urgent need for transportation options that prioritize passenger security.

Recognizing this need, NueGo, a leader in the intercity bus travel sector, is placing women’s safety at the forefront of its mission. Operating across more than 150 cities in India, NueGo is revolutionizing the travel experience for women by implementing an extensive range of safety measures, including a 24/7 dedicated women’s helpline (1800 267 3366), high-definition CCTV surveillance, real-time GPS tracking, and mandatory driver Breathalyzer tests. NueGo’s staff undergo rigorous training, and its Driver Monitoring System ensures accountability and safety. Reserved seating for women is also available, featuring the PINK seat option, where female passengers are seated exclusively next to other women for added comfort. The buses offer clean and hygienic mid-point stops, supported by a 24×7 Command Control Centre, empowering women to travel with confidence.

NueGo’s marketing campaigns emphasize women’s safety, empowerment, and an enhanced guest experience. The #UnloadYourWorries campaign highlights NueGo’s dedication to addressing women’s safety concerns through its comprehensive safety measures. The ‘Breaking Barriers with NueGo’ campaign on National Girl Child Day celebrated the achievements of women coach captains and cabin hosts, challenging stereotypes in traditionally male-dominated roles. NueGo has also undertaken guest-centric campaigns, including sports collaborations with the Haryana Steelers Kabaddi team and Delhi Capitals, movie tie-ups offering travel discounts, and services like fares starting from ₹499 with food boxes on select routes—all designed to enhance the travel experience, promote gender equality, and build emotional connections with its guests.

By addressing the long-standing challenges faced by women travelers, NueGo is promoting greater mobility and independence for women across the country. As the company continues to expand its services, it sets a powerful example for the transportation industry, proving that safe and comfortable travel for women is both possible and essential for building a more inclusive society.

About NueGo

NueGo is India’s leading premium electric bus coach brand from GreenCell Mobility. A guest-centric brand, NueGo which is currently operating in 100+ cities in India, runs through 25 stringent safety checks including mechanical and electrical inspections. These electric coaches can run over 250 kilometers on a single charge, with the air conditioners on, in traffic conditions. NueGo coaches are fitted with innovative technology, and comfortable seats and offer end-to-end convenience for inter-city travelers with a focus on safety, punctuality, and seamless guest experience. NueGo has well-trained staff and offers airport-like premium lounges in selective cities. For more information, please visit: https://www.nuego.in/

Delhi, India, September 5, 2024: SEMI, the global apex body representing the semiconductor and electronics design and manufacturing supply chain, is proud to announce SEMICON India 2024, the first-ever Indian edition of the globally celebrated event. In collaboration with the India Semiconductor Mission (ISM), Ministry of Electronics and IT (MeitY), Digital India, and Messe München India this landmark event will take place from September 11-13, 2024 at the India Exposition Mart Ltd. (IEML) in Greater Noida. The event promises to deliver key insights into innovations and trends driving the semiconductor industry, focusing on smart manufacturing, supply chain management, sustainability, and workforce development. Registration is now open and to register, visit SEMICON India 2024.

As the Indian semiconductor industry advances, it is set to play a crucial role in the global industry’s growth, projected to reach $1 trillion by 2030. At this critical juncture, SEMICON India 2024 will bring together the industry’s top minds and leaders to propel India’s semiconductor growth story. With robust support from the MeitY, ISM and Government of India, the event will underscore India’s growing capabilities in this semiconductor industry. State government representatives from Uttar Pradesh, Gujarat, Assam, Karnataka, Odisha, and Tamil Nadu will outline their strategies for expanding the semiconductor and display ecosystems. They will present progressive, industry-friendly policies designed to attract significant investments and foster growth.

“SEMI is thrilled to bring the collective power and expertise of our member companies from around the world to SEMICON India for the first time. The event marks a key milestone in our efforts to accelerate the growth of the semiconductor industry in this dynamic market following our historical success hosting annual SEMICONs in our seven other regions. India has long been a hub for semiconductor design, but with recent investments, its evolving role in global technology and the right policies, we are witnessing a significant shift. The Indian semiconductor market, projected to exceed $100 billion and generate over 600,000 jobs by 2030, is poised for tremendous growth. This event will be a catalyst, helping to unlock the market’s potential and drive India’s ambitions in the semiconductor space,” said Ajit Manocha, SEMI President and CEO.

Themed Shaping the Semiconductor Future, the maiden event is designed to accelerate technological progress in the semiconductor and electronics sectors while highlighting India’s strategic efforts to strengthen its ecosystem. Building on India’s decades of expertise in semiconductor design, where it contributes 20 percent of the global integrated circuit (IC) design workforce with over 125,000 professionals, expanding into semiconductor manufacturing would significantly enhance the country’s position in the global semiconductor value chain. As the largest gathering of its kind in Southeast Asia, SEMICON India 2024 will feature over 250 exhibitors and 650+ booths from across the global semiconductor supply chain. Co-located with electronica India and productronica India, it will provide the region’s most comprehensive platform for showcasing the latest advancements in semiconductor and electronics technologies.

Opening Ceremony and Keynote Program

The Hon’ble Prime Minister of India, Shri Narendra Modi, will inaugurate SEMICON India and the accompanying exhibition on September 11, 2024. The opening ceremony will feature keynotes by prominent industry leaders from SEMI, NXP, Foxconn, PSMC, Renesas, Tata Electronics, and CG Power. The ceremony will be followed by keynote sessions themed around smart manufacturing, supply chain management, sustainability, and workforce development:

• The keynote session on Wednesday, September 11 will feature the theme Creating a Vibrant Semiconductor Manufacturing Ecosystem in India and a roundtable discussion themed Academia Perspectives on “Opportunity India.”
• The session on Thursday, September 12 themed Global Market, Local Execution – The Benefits of Cross-Regional Partnerships will conclude with a roundtable looking at Perspectives on Lessons Learned from Greenfield Projects in Other Regions.
• In addition to government officials, company representatives from Applied Materials, Cadence, CG Power, KLA, Lam Research, Micron, NXP, Renesas, TATA Electronics, Tokyo Electron, and many other industry leaders will participate.

04th September 2024, New Delhi: Greenlam Industries, among the top 3 manufacturers in the world for surfacing solutions, recently inaugurated its display center at Chirag Enterprise showroom at Kirti Nagar, New Delhi. The display will feature an exclusive range of Greenlam Laminates 1.00mm, offering such a diverse collection in the laminate segment.

Greenlam Industries has been known for creating high-quality surface solutions integrated with elegance. Its legacy of unflinching passion for excellence, along with exceptional artistry and finesse, is clearly visible in its flagship brands’ offerings. Its diverse range offers an extensive assortment of textures, colors, and designs for Greenlam’s customers. This multi-functional gamut of products is meant to give Greenlam’s consumers flexibility while designing their spaces and enhance the creativity of their interiors.

Greenlam manufactures each laminate with meticulous attention to detail, ensuring that only superior laminates of international standard, trends, and the highest quality are delivered. From wood grain patterns to solid surfaces, each decor is designed to perform faultlessly in residential, commercial, and public environments. The laminate sheets also come with several distinct properties such as antibacterial, fire retardant, heat, scratch, and impact resistant while also offering a wide variety of product categories in their laminate and compact collections. These include anti-fingerprint surfaces, HD-gloss surfaces, countertop laminates, unicore laminates, digital or custom laminates, compact boards, cladding solutions, and restroom cubicles, among many others. The display center was inaugurated by Mr. Rajeesh Jain (Owner of the Showroom) along with contractors and customers.

Commenting on the inauguration, Mr. Anuj Sangal, Country Head, Greenlam Laminate & Allied at Greenlam Industries said- “At Greenlam Industries, we are committed to delivering top-quality surface solutions that transform and beautify residential and commercial spaces. Our display center will showcase an extensive collection of laminates for interior spaces, offering customers the perfect opportunity to explore and immerse themselves in a diverse range of Greenlam Laminates, all conveniently located under one roof. With the chance to touch and feel our product in full-sheet format, we aim to make the purchasing process exceptionally convenient and hassle-free, providing our valued customers with an unforgettable product selection journey.”

Delhi, Aug 9, 2024: MovingTech, the company behind the Namma Yatri app, has launched its lifetime zero-commission cab rides under the brand “Yatri” in Delhi NCR. Yatri, part of the ONDC Network, is India’s first open and community-driven app for cabs and autos. After a successful pilot with autos, the app is now fully launching its services under the revamped “Yatri” brand.

Yatri and its family of apps, including Namma Yatri, operate on a community-first, zero-commission model. It empowers drivers with higher earnings while providing affordable and convenient transportation for the people of Delhi NCR. Drivers typically earn 15-20% more with the Yatri App, enabling them to better maintain and keep their vehicles clean. The Yatri app also prioritizes safety, offering best-in-class safety features.

Shri Sanjiv Singh, Jt Secretary, DPIIT, Ministry of Commerce, inaugurated the services. He interacted with cab drivers and presented them with awards and financial support. He added, “I am excited to launch Yatri cabs in Delhi NCR. The app’s 100% open and community-first approach is commendable. Its expansion on the ONDC Network is crucial as we aim towards enabling an open, affordable and sustainable transportation ecosystem in India.”

Yatri is India’s first app that is 100% open source, open network, and open data. It offers fast booking through the dynamic ‘Book Any’ feature and smart dispatch processes. The app provides Auto, AC Mini, AC Sedan, and AC XL Cab services at low prices and lifetime zero commission. ONDC Network, already established in food, grocery, and e-commerce, aims to integrate all modes of transportation, solidifying its vision of a nationwide multi-modal network.

Shireesh Joshi, Chief Business Officer of ONDC, said, “ONDC’s open architecture and network-centric approach are paving the way for better affordability and accessibility of transportation options. It brings in a level playing field for drivers with higher earnings. We remain committed to catalyzing such community-driven initiatives that put people at the center while driving India towards a future of smart, efficient, and inclusive mobility solutions.”

Shan M S, Co-Founder of MovingTech, shared, “We’re excited to expand our cab services in the heart of the nation. Yatri is more than an app; it is a movement committed to transforming the lives of drivers and citizens. Yatri fosters close collaboration between Samaaj, Sarkar, and Bazaar to create a more connected and empowered city. In our commitment to support the EV mission, we won’t charge any subscription fees or commission for Electric Autos & Cabs in Delhi NCR till Mar 2026.”

With an impressive rating of 4.8, the Yatri family of apps is India’s top-rated mobility solution, serving over 4.1 lakh drivers and 72 lakh customers across the country. It has enabled drivers to earn over ₹700 crores without any commission. Yatri’s announcement to launch cabs marks a new chapter in building a community-first, sustainable mobility solution in Delhi NCR. It is committed to deepening its integration with Delhi’s transportation network and offering a seamless, efficient, and inclusive travel experience for all.

9th August 2024: Mumbai, known for its culinary ingenuity, has another surprise brewing in its bylanes. Sampan, at Novotel Mumbai Juhu Beach, Mumbaikars’ favourite Chinese food destination, is collaborating with Honk, a signature pan-Asian restaurant at Pullman New Delhi Aerocity. The restaurant will welcome Honk’s culinary maestros, led by Director of Culinary Sandeep Kalra, who will ‘take over’ the Sampan kitchen from the 9th of August 2024 to the 25th of August 2024, promising to offer a unique dining experience to its guests.

Sampan, beloved for dishes like dry Jin Chicken, Cha Chu Prawns, Yam Potatoes, Mongolian Chicken, Prawns in Chili Basil Sauce, and Three-Colour Lobster, would be introducing more culinary delights like Chong Qing Chicken, Pao Jiao Tiger Prawns, Lotus Stem, Water Chestnut with XO Sauce, Chengdu Lamb, Vietnamese Steam Vung Tao Fish, and Silken Tofu with Bamboo Shoot and Shimeji Mushroom during this association with Honk.

Mr Vishal Gupta, General Manager of Novotel Mumbai Juhu Beach, said, “This collaboration between Sampan and HONK will help us cater better to Mumbai’s diverse and ever-evolving palate, with much loved pan-Asian delicacies. Our intent is to craft experiences that resonate with the city’s sophisticated diners, who crave both tradition and innovation on their plates.”

Neelabh Sahay, Director of Operations, Novotel Mumbai Juhu Beach, said, “As Sampan invites HONK to take charge of its kitchen, we are excited to see how our diners respond to the new flavours and cuisine. This partnership is a testament to our commitment to gastronomic excellence and our belief that great food, like great art, knows no boundaries.”

“We are thrilled to bring Honk’s unique flavours and culinary artistry to Sampan at Novotel Mumbai Juhu Beach. This collaboration is a fantastic opportunity to share our signature pan-Asian dishes, spread across eight Asian cuisines, with the vibrant food community in Mumbai. We look forward to delighting guests with an unforgettable dining experience that merges the best of both our culinary worlds,” said Sandeep Kalra, Director of Culinary, Pullman New Delhi Aerocity.

The event, therefore, promises to unfold a new chapter in Sampan’s history and bring to the people of Mumbai Pan-Asian delicacies that will leave them wanting more.

Delhi, 07/08/2024: Hotelogix, a leading global cloud-based hospitality technology provider, and its distribution brand, AxisRooms, are hosting a special hospitality event—Hotelogix & AxisRooms Connect 2024. This unique event is dedicated to domestic hospitality brands. With Booking.com as its principal sponsor, the event is scheduled for September 5, 2024, starting at 5:30 PM at The Ballroom, Roseate House, Aerocity, New Delhi.

Currently, homegrown hotel brands control about 60% of the total branded rooms available in the country. Riding high on rising religious, medical, leisure, and cultural tourism, these brands are doing better and thriving year-on-year. In 2023, the majority of property signings in the hotel market were spearheaded by domestic hotel operators, accounting for a remarkable 72% of the total signings, with each property having around 70 keys on average, a testament to their success and growth and their deep insights into the local market, culture, and guest behavior. They have effectively connected with domestic travelers, especially the growing middle and upper-middle class with higher spending power. Their ability to rapidly expand into tier 2 and 3 cities is awe-inspiring, and their success is a source of pride for the entire hospitality industry.

Aditya Sanghi, CEO of Hotelogix, said, “Recognizing the power of homegrown hotel brands is essential, as these champions are the heart and soul of India’s vibrant and diverse hospitality industry. We take pride in working with many such leading brands and we aim to unite them and the minds driving their growth to discuss the shared challenges, trends, success, and opportunities specific to this segment.”

The event will offer attendees a unique platform to exchange compelling narratives of triumph over mutual obstacles, drawing inspiration from successful brands. Furthermore, as hotels in this segment must look at a technology stack with best-in-class solutions to gain a competitive edge against global brands, every department should use a specialized solution that enables it to function at its full potential. The event will have an assemblage of such leading solutions, including Restroworks for F&B, PayU for payments, KePSLA for reputation management, and HostBooks for finance, as promoters of the event. Their participation and support underscore the significance of this event and highlight the strong partnerships that drive the hospitality industry forward.

In commemoration of the Silver Jubilee of Kargil Vijay Diwas, a nationwide plantation drive, “Zara Yaad Karo Kurbani” has begun.” This initiative is aimed at honoring the soldiers who sacrificed their lives during the Kargil War, with a heartfelt wish for peace and remembrance of the fallen heroes.

As a tribute to India’s bravehearts, Oceanic Divas, an environment, and CSR organization, has started a nationwide initiative to plant 527 seedlings, each representing a soldier who made the ultimate sacrifice in the Kargil War. This effort was inspired by the team’s recent visit to the Kargil and Drass War Memorial, which left a deep impact on them.

During their visit to Kargil, Oceanic Divas founder Varsha Rajkhowa, along with her father, Ex-Air Force Officer Wg Cdr Atul Chandra Rajkhowa, and some locals, planted a few seedlings near Kargil airport. They also participated in a Himalayan Clean Up Drive, an initiative by an NGO in Ladakh, near the Kargil War Memorial on June 5, 2024. These activities familiarized Varsha with the terrain and brought her closer to the stories of the fallen soldiers.

The experience served as a profound reminder of the sacrifices made by India’s heroes and their families. “This visit and the initial planting near Kargil airport sparked the idea to expand the plantation drive nationwide, raising awareness about Kargil Vijay Diwas and the sacrifices of the fallen heroes,” said Varsha, who is a Climate Reality Leader, environmental engineer, international beauty queen (Miss Scuba International 2016), youth icon, social worker, and a TEDx speaker.

After the first successful plantation drive near Kargil airport, the organization set out to broaden the effort nationwide, aiming to plant 527 seedlings—each representing a soldier who made the ultimate sacrifice. “Our goal for this year is to plant over 20,000 seedlings under this initiative,” shared Varsha.

Through “Zara Yaad Karo Kurbani,” Oceanic Divas seeks to keep the memories of the fallen heroes alive and ensure their sacrifices are never forgotten. The drive has already been executed in Kottayam, Thiruvananthapuram, Bengaluru, Delhi, NCR, and Goalpara (Assam). Supported by the Forest Department and veteran volunteers across India, the plantation drive is now set out to cover Jaipur, Leh, Gwalior, Bhubaneswar, Pune, and other parts of the country.

“The Soldiers do not fight for their own cause but for the safety and pride of their country and men who stand behind them.”

Jai Hind

July 2024 – Delhi, India – Praxis Global Alliance, a leading global management consulting firm, has unveiled its latest report, “AI & DeepTech,” offering a deep dive into the transformative landscape of AI and Deep Tech in India. This landmark report reveals a significant surge in funding for Indian Deep Tech startups, with FY22 seeing a remarkable tenfold increase over FY18.

• Key Highlights from the Report:
  Nascent yet Thriving Ecosystem: Early-stage deals constitute about 93% of investments, indicating a rapidly growing sector poised for further expansion as funding momentum picks up.
• Tech Startups Boom: Over 26,000 tech startups in India are driven by affordable tech talent and robust collaboration with premier institutions like IITs and IISc, fueling innovation and commercialization.
• Investment Thesis for DeepTech: Several AI and Deep Tech ventures have the potential to cater to a large segment of the market. Globally, the cumulative valuations of Deep Tech startups stand at US$ 450 – 500B. Many groundbreaking Deep Tech solutions are being commercialized, and successful exits continue to increase. The global Deep Tech unicorn exits from 2018 to 2022 have increased by 550%.
• Regulatory Support & Government Schemes: The evolving regulatory landscape in India is fostering AI and Deep Tech innovation. Initiatives like the National Deep Tech Start-up Policy (NDTSP) and the Next Generation Incubation Scheme (NGIS) are pivotal in providing funding, resources, and infrastructure, enabling startups to thrive in a supportive environment.
• Deep Tech vs. Regular Startups: Deep Tech startups, characterized by extensive R&D phases, differ significantly from regular startups focused on quicker market entry. This prolonged R&D phase unlocks exponential potential, offering transformative solutions with significant industry and societal impact.
• Role of Academic Institutions: Academic institutions are crucial in nurturing AI and Deep Tech ventures, providing a fertile ground for innovation through resources, expertise, and collaboration opportunities that transform scientific research into practical, market-ready solutions.
• Rapid Growth in AI & Deep Tech: India’s AI and Deep Tech landscape is burgeoning, with significant innovations across biotech, AI/ML, robotics, advanced materials, blockchain, and quantum computing. The vibrant ecosystem mirrors the e-commerce boom of the mid-2010s, signaling a promising future for AI and Deep Tech in India.
• Industry Impact: AI and Deep Tech are transforming various industries, including agriculture, e-commerce, consumer goods, automotive, energy, finance, healthcare, logistics, manufacturing, and pharmaceuticals.
  Explore the Full Report: To delve into the detailed findings and insights of the “AI & DeepTech” report, download the full report here.

Commenting on the launch of the report, Mr. Aryaman Tandon, Managing Partner & Cofounder at Praxis Global Alliance, said, “Over the last decade, India’s technological advancements have undergone a significant shift. The AI disruption has touched almost every sector, from Biotech and Mechanics to Aerospace and E-commerce. With this report, we aim to highlight various investment opportunities and government initiatives driving the Deep Tech and AI landscape.”

Delhi, 16^th July 2024: Accessing any real estate company’s performance based on ESG becomes crucial as the real estate sector is the 2^nd largest employer in India, accounting for 39% of carbon emissions. The government’s constant push to achieve net zero emissions by 2070 is likely to play a pivotal role in shaping the real estate market in India.

As per Vestian Research, over 65% of Grade A office space across India’s top 7 cities is green-certified. Moreover, among 1,362 Grade A buildings, 805 (or 59%) boast of green certifications, highlighting India’s growing commitment to sustainable construction.

As India’s office market attracts global occupiers, developers are increasingly prioritizing international certifications. This trend is reflected in the dominance of LEED certification, which accounts for a remarkable 74% share as of Q2 2024. Moreover, Gold is the most prominent certification in the Indian office market as 49% of buildings are certified gold under LEED and 51% are accredited gold under IGBC.

Note: Data for Grade A buildings considered for the analysis

Source: Vestian Research

City-wise Analysis

Southern cities (Bengaluru, Chennai, and Hyderabad) account for 58% of the total green stock pan-India. Bengaluru accounts for the highest, 172 Mn sq ft, green stock amongst the top seven cities of India.  Chennai accounts for the highest percentage share, 83%, of green stock out of the city’s total Grade A stock.

Despite having the lowest stock for Grade A office buildings in pan-India, 62% of the area is green-certified in Kolkata. On the other hand, Pune has the lowest percentage, 56%, of green-certified office buildings despite the prominence of MNCs in city leasing.

Built-up Area-wise Analysis

Grade A office buildings with a built-up area of less than 5 lakh sq ft account for 47% of the total number of green-certified buildings. On the other hand, office buildings with a built-up area of more than 10 lakh sq ft account for only 19% of the total number of green-certified buildings. Despite this, 90% of the total projects within this category still qualify as green buildings, showcasing a strong focus on sustainability. Notably, green certification is rare in office buildings with a built-up area of less than 1 lakh sq ft. This signifies lower preference for sustainability practices amongst small and medium-scale developers and occupiers.

Green-certified Projects Command Premium in Rental Values

Note: Data for Grade A buildings considered for the analysis

Source: Vestian Research

Green-certified buildings command a 12% to 14% premium on average over non-green buildings. This demonstrates that developers are rewarded for initial investment in costly sustainable development, as they can charge a premium from occupiers.

Bengaluru leads the pack with a premium of 23-25% with Chennai and Hyderabad following behind at 12-14% and 13-15%, respectively. This suggests a strong focus on sustainability in these tech hubs, where companies are willing to paya premium to promote environmental responsibility and enhance employee well-being. Developers in Mumbai and Pune charge 8-12% premium in rentals for green-certified buildings compared to non-certified areas.