Category business

Bengaluru, 23 February 2023: Manipal Centre for Biotherapeutics Research (MCBR) organized a five-day workshop entitled “Stem cell culture, functional characterization and potency assays”, which was inaugurated by Pro-Chancellor of MAHE, Dr H S Ballal. The workshop aimed to provide hands-on experience in various techniques involved in stem cell culture, functional characterization, and potency assays required to ascertain the efficacy potential of stem cells. Twelve participants from leading research institutions participated in the workshop.

During the inauguration, Dr Ballal emphasized the need for organizing such workshops in upcoming research fields like stem cells and regenerative medicine to build a talented workforce. He also appreciated the research work being carried out by MCBR and wished the participants a great learning experience.

Speaking about the workshop Dr H S Ballal, Pro-Chancellor of MAHE said, “Organizing workshops like this is crucial for the advancement of research in emerging fields like stem cells and regenerative medicine. I am glad to see the Manipal Centre for Biotherapeutics Research taking a lead in this area which will help build a talented workforce that will contribute to the growth of the healthcare industry.”

Dr VR Ravi, Director of Mothercell Regenerative Centre Pvt Ltd, Trichy said, “Stem cells have enormous potential to address various healthcare challenges. This workshop provides participants with valuable knowledge and practical experience in stem cell techniques, which is essential for developing stem cell-based therapies that can benefit patients.”

Dr Sharath Kumar Rao, Pro Vice-Chancellor, Health sciences, MAHE said “I am pleased to see the Manipal Centre for Biotherapeutics Research taking a proactive role in promoting research and innovation in the areas of cell, gene, protein, nanotechnology, regenerative medicine, and biomaterials. This workshop is an excellent example of the centre’s commitment to developing a skilled workforce and contributing to the growth of the healthcare industry.”

The workshop witnessed participation from twelve participants from leading research institutions. The inauguration function was graced by esteemed guests, including Dr H S Ballal, Pro-Chancellor of MAHE, Dr VR Ravi (MS Ortho), Director of Mothercell Regenerative Centre Pvt Ltd, Trichy, and Mr Manohar BN, MD & CEO, Stempeutics Research Pvt. Ltd., who shared their valuable insights on the importance of stem cell-based products and the challenges faced in the stem cell industry. The workshop aligns with MCBR’s vision to contribute to the advancement of science and technology and promote the development of the healthcare industry.

India, February 23, 2023: COGOS, India’s leading tech-logistics start-up has raised $1.2 million debt financing from Vivriti Capital, a fintech NBFC. The credit line issued will be utilised by COGOS as they head towards an aggressive expansion, since their operations are now active across the country.

Vivriti Capital is known for providing debt to mid-market corporations in India. COGOS, a rapidly growing intra-city logistics player has witnessed an uptick in its demand, and the debt funding raised from Vivriti Capital will be used to expand its national footprint and for hiring purposes.

Prasad Sreeram, CEO & Co-Founder of COGOS said: “City logistics is growing steadily and we are set to witness some high rise in demand, specifically from non-tier 1 cities. Immediate capital investment will help us combat this demand with complete efficiency. We are glad to have the support of Vivriti Capitals in issuing this credit line for us. We are determined to utilize it in our aggressive expansion plan, specifically in tier 2 and tier 3 cities.”

COGOS is backed by reputed Indian and US-based VC funds, WorldQuant Ventures, UAE-based Logistics major Transworld as well as Indian Angel Network (IAN), EV2 Ventures and Lets Venture.

Gautam Jain, Chief Business Officer at Vivriti Capital said: “We are happy to engage with COGOS and support their essential expansion into Tier II and III cities. This partnership moves Vivriti one step closer to achieving its goals since we see a big market opportunity in the mid-sized sector and are always striving to close the funding gap between these businesses and the resources that are available. We at Vivriti have been able to deliver a hassle-free flow of debt finance with maximum flexibility and short turnaround time because of the company’s strong technological and risk assessment foundation.”

In January 2023, COGOS was declared NSA winner by the Government of India on the occasion of National Startup Day under the category of Freight and Logistics services for their commendable work in the sector. In September 2021, they raised their pre-series A funding led by Transworld Group and Worldquant Ventures. COGOS very recently acquired the FMCG Modern trade business of Porter. They have aggressively increased their network, resulting in steady expansion.

New Delhi, February 23, 2023: NETGEAR, a leader in Pro AV solutions organized a grand event for the AV community in Mumbai to discuss the growth of AV over IP solutions and its adoption and acceptance by customers. The brand understands the importance of key affiliations and associations that make the Pro AV industry work. From integration partners around the world to AV companies helping to create new ways of working in a Pro AV environment, NETGEAR maintains relationships with a number of organizations.

The event was a huge success, witnessed by more than 100 attendees, including System Integrators, Partners, AV Professionals, and Consultants. During the event, NETGEAR presented a live Product demo and discussed how its Pro AV line of products not only solves complex configuration issues with plug-n-play AV switches but also provides Professional Services from network design to installation assistance to the customers, System Integrator partners as well as AV OEMs. NETGEAR also assured to provide necessary assistance to the customers in all aspects may it be in terms of network design, presales, post-sales or training.

Marthesh Nagendra, Country Manager – India, ME & SAARC, NETGEAR said “We are delighted to host such events to tap into the vast potential present in the AV market by showcasing Pro AV product lines. Our business in India is purely driven by the channel partners and therefore it is critical that we educate our partners about our offerings. We are committed to the consistent delivery of best-in-class connected network solutions for the professional AV market. From our industry-leading product suite and unmatched service and support, the NETGEAR promise is to meet and exceed our commercial partners’ requirements at any stage of their growth journey.”

The AV over IP is a fast-growing market and for good reasons: high quality, low latency video and audio distribution with increased scalability have far more room for innovation. The company has more than 200 switching products in the portfolio that can be leveraged to power cameras and other security and surveillance products. With such a large portfolio customers are able to customize and order exactly the combination of their needs with room to expand for the future. These switches also provide businesses the ability to connect any type of AV over IP device, which offers flexible speed options from 1 Gigabit up to 100 Gigabit per port.

NETGEAR’s AV-focused division has been recently launched to concentrate on the needs of both the commercial and residential custom integration AV markets. This includes products that are only available in the AV distribution channel, design teams for Pro AV and Pro Wi-Fi installations, and software to help configure and manage wired and wireless networks.

NEW DELHI, 23 February 2023 — Renewables will remain the darling of the global energy transition, yet risk managers will face multiple challenges arising from a ‘new trilemma’. It comprises the convergence of:

• · The need for net-zero energy security,
• · unsettled global macroeconomics, and
• · rising demand for renewable energy in an era of squeezed supply of inputs.

This trilemma will escalate risk management and ESG as key issues for the renewables industry in the year ahead, according to Renewable Energy Market Review 2023, published today by WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company.

The Review, subtitled Geopolitics, inflation, and the energy transition – Where do renewables go from here? includes contributions from more than two dozen international experts and specialists. Together they provide a comprehensive and up-to-the-minute analysis of opportunity, risk, and insurance for the global sector, from floating solar in Asia to battery storage in Ireland. Throughout, the need to balance risk and opportunity in a changed economic, political, and social environment comes to the fore.

Contributing author Margaret-Ann Splawn, Executive Director of the Climate Markets & Investment Association, says: “Macro events and trends such as inflation, cost increases, security, and supply chains are impacting the renewable energy industry, making the current business environment a challenging one for risk managers. Several important steps will help them to assess their own vulnerabilities in the transition to Net Zero and protect themselves from current and future ESG and climate-related risks.” In her contribution, Splawn advises risk managers to:

1. 1. Understand their own ESG and sustainability position.
2. 2. Adopt a reactive risk-response view.
3. 3. Play a strategic role across the company.
4. 4. Work in concert with relevant stakeholders.

Despite the challenges, the renewable energy outlook in Asia remains promising, with significant capital injection expected into the sector. In particular, floating solar has gained traction and will play an important role in the energy transition of countries such as China, India, and South Korea. This also coincides with India’s shift towards alternative renewable sources and technologies such as Round the Clock (RTC), Battery Energy Storage Systems, and Wind Solar hybrid projects to meet its clean energy transition goals.

Renewable energy is a key growth area for insurers and premium rates are expected to increase. However, newer technologies could be met with reluctance and low-risk appetite from insurers due to their limited technical understanding and lack of historical loss data.

Ankush Gupta, Practice Leader – Renewable Energy, WTW says: “With the increase in Renewable Energy premiums, some large Independent Power Producers (IPPs) have started considering the possibility of a reinsurance program for their Solar portfolio. The Wind portfolio continues to be a non-preferred line of business, due to unfavorable loss ratios, OEM financial health, and the overall complexity in the nature of the operation. For non-traditional solutions such as Weather Derivate insurance cover and Module Performance Warranty, the market relies on reinsurers, with fronting by local partners. With lenders imposing a requirement for future-proofing these projects, we are seeing increased inquiries on these insurance covers.”

“The renewable energy sector in India has seen an influx of capital investment and for this trend to continue, the risk profile of the power plant must be satisfactorily managed during the entire life cycle of the project. As the sector grows to its full potential, the role of intermediaries and specialists becomes even more critical. WTW will continue to engage all key stakeholders in ensuring the right information and insight is made available to mitigate risk and minimize coverage restrictions.” adds Gupta.

Spectrum Metro has relaunched the second edition of its successful customer offer, “Book Your Luck 2.0 – Best Hua Behtar.” After the successful response received in the first edition, Spectrum Metro has announced that out of all the customers booking their retail spaces in Phase 2 of the project between February 10 and April 10, 2023, 125 lucky customers could grab exciting rewards. The offer would be applicable to all bookings, irrespective of plot sizes or prices. The rewards include valuables like a brand-new XUV. In addition to this, the investors will have a golden chance to win international holiday packages, electric bikes, iPhones 14, gold coins, LED TVs, air conditioners, and exciting gift vouchers.

Mr. Ajendra Singh, VP-Sales and Marketing, Spectrum Metro, said, “Spectrum Metro never misses an opportunity to unveil exciting offers to its existing and prospective buyers. “Book Your Luck 2.0 – Best Hua Behtar” is our strategy to present gratitude to our customers in the form of exciting gifts and vouchers on bookings. The results of the draw will be announced in April. The previous edition witnessed a massive response from buyers, and the same trend started emerging as soon as we launched the second edition. We are looking forward to having a long-term alliance with the customers and leaving them happy and satisfied with our offers and services.”

Spectrum Metro is a high-street commercial project located in Sector 75, Noida, and shares door-step connectivity with Aqua Line’s Sector 50 metro station. “Book Your Luck 2.0 – Best Hua Behtar” is announced in retail stores in Phase 2 of the High-Street Commercial project.

New Delhi, 23 February 2023: Hisense, a global leader in consumer electronics and appliances, is set to revolutionize the Indian market with its latest air conditioners, the IntelliPRO and CoolingXpert. These feature-rich ACs are packed with a wide range of features, such as a WIFI Voice Control, 5-in-1 Convertible Pro and many others, and also provide a 10-year warranty on the compressor. The IntelliPRO and CoolingXpert offer capacities ranging from 1 ton to 2 ton, with prices starting from Rs. 31,000/-, and are available at leading electronics stores across India.

Instilled with next-generation features, the new Hisense IntelliPRO comes with WIFI and voice control, easing up midnight remote hunting as it controls the temperature and modes with just a voice command. Equipped with a 4-way swing, the AC ensures uniform and consistent cool air throughout the room, making the user’s experience accessible and comfortable.

Unique features such as the sleep mode, which automatically changes the temperature, and the 5-in-1 convertible mode paired with an inverter compressor that adjusts energy usage save up to 36% on energy usage, making the home more environmentally friendly. Additionally, both ACs have 100% inner-grooved copper tubes that provide long-term use and excellent cooling efficiency for much-needed seasonal changes.

Supporting health in a harmful environment, both IntelliPRO and CoolingXpert come with a PM2.5 health filter that protects your health by filtering out harmful PM2.5 pollutants in the room, as well as an auto-clean mode that prevents mold, moisture, and dust from accumulating in the indoor unit, giving a strong and odour-free cooling home.

Stating on the launch, Mr. Steven Li, MD of Hisense India, said, “Hisense India is focused on bringing innovative and high-quality products in various categories to offer the best quality products and services to attract Indian customers. The launch of the IntelliPRO and CoolingXpert air conditioners is a continuation of this commitment and a step towards providing customers with unparalleled comfort and convenience at home. The AC’s features not only provide customers with a delightful experience but also help save energy and maintain a healthy home environment. We are excited and looking forward to bringing more world-class products in various categories.”

Next-Gen Hisense AC features include –

Wi-Fi & Voice Control

The IntelliPRO comes equipped with WIFI Smart controls, making it easy to operate the air conditioner from anywhere with your smartphone, tablet or with just voice using Google Assistant. The access-free benefit enables users to set temperature, change modes, set temperature, etc.

Health Filter and Auto Clean

IntelliPRO and CoolingXpert come with a PM2.5 health filter which protects your health by filtering out harmful PM2.5 pollutants in the room. Auto clean mode prevents mold, moisture, and dust from accumulating in the indoor unit, allowing the user to enjoy strong and odour-free cooling at home.

Quick Chill

Stepping in from a hot and humid environment the Hisense QSD technology brings Intelligent Inverter Compressor high speed running for a quick and effective chill on demand.

5-in-1 Convertible Pro

Both ACs have 5 modes which can be chosen depending on how much cooling power is needed. Starting from 50%, it goes up to 110% in quick time, giving a powerful and instant chill room.

Corrosion Shield

The Ac’s are equipped with indoor and outdoor unit’s hairpin coating technology and blue fins to prevent rust and ensure durability and longevity.

Smart Modes

Swap between different modes as per room requirement to make the most of your AC rather than fumbling between temperature and fan speeds. The AC automatically selects the best temp and fan speed based on that mode for best performance.

Stabilizer-Free Performance

Even at extreme temperatures, this air conditioner operates smoothly in voltage circumstances ranging from 140V to 290V. This saves the expense of purchasing a separate stabilizer.

100% copper & Eco-friendly Refrigerant

This air conditioner’s evaporator and condenser are composed of 100% inner-grooved copper tubing for improved operational safety, increased hardness, easier maintenance, long-term use and high-efficiency heat exchange. Air conditioner uses the R32 eco-friendly refrigerant, which emits fewer greenhouse gases and requires less refrigerant.

Smart Diagnosis

The smart diagnosis mode will show an error code for easy problem diagnosis and quick resolution. Offering a comfortable feel at home. Hisense ACs are a must-buy for the cool season knocking on the door.

Hikvision India has Introduced the Eco IP Video Door Phone(VDP) DS KIS302 P Series to meet the evolving security and communications needs in the market. VDP products address a crucial part of the security, communications and convenience needs in both residential and business sectors. They have evolved over time alongside the rapid development in technologies created for better and safer living environments.

The Eco IP VDP Kit with 1 IP indoor station and 1 four-wire HD door station. It has a User-friendly control with a convenient touch screen. It offers convenient management via the Hik-Connect mobile client. It has more cost-effective. Easy installation as the doorbell requires no exclusive power supply.

The transition from analog to IP technologies
The VDP market is witnessing a significant transition from analog to IP. Traditional analog systems feature relatively poor audio and image quality and limited functionality. For example, they cannot be accessed using a mobile app or networked management systems. Although analog systems are often a more economical option, more manufacturers and installers have recommended their customers shift to IP-based VDPs for their wider range of capabilities – including higher image resolution, mobile control, remote operation, and a series of smart functions.

IP VDPs bring a new level of convenience
Mobile control
IP VDPs let owners receive calls, play video, and open locks from anywhere through just a simple touch. For example, people often receive calls on their mobile devices for package deliveries or other services when they’re not at home. IP VDPs, however, allow users to give temporary access remotely to those who need it, just using a simple mobile application. This is more convenient and much safer than manually giving out passwords or key cards.

User-friendly interfaces
IP VDPs commonly provide a user-friendly screen with a clearly visible interface, simple touch interaction, intuitive operation, and multi-functional information display (e.g., weather, news, announcements, etc.). These easy-to-use features help get modern consumers accustomed to using IP VDPs since they operate very similarly to mobile phones.

High image quality
Compared to purely analog solutions, IP VDPs provide excellent imaging with higher resolutions and wider field of view. Wide Dynamic Range (WDR) and night vision are also supported to help users see clearly despite challenging light conditions, such as direct sunlight or high contrast environments during the day and darkness in the evening and night time.

IP VDPs provides excellent imaging with higher resolutions and wider field of view
All-in-one management
IP VDPs also offer opportunities for integration with other security systems, such as video and alarms. A unified control center ensures all-in-one linkage among various devices and systems and facilitates convenient device operation and management, improving security for businesses and homeowners.

Enter Hikvision
Hikvision’s IP VDPs serve a wide range of scenarios including apartment buildings, single-family homes, and SMB offices. In residential applications, these advanced VDPs combine a better user experience with elegant design to suit any decor, as well as a touch-friendly screen for easy operation. Users can remotely open doors and talk to visitors by simply tapping the Hik-Connect mobile app on their smartphone or tablet.

For Business applications, Hikvision’s IP VDPs enhance safety levels and management efficiency with strong integration capabilities. Hikvision’s All-in-One Indoor Station Series controls and manages all Hikvision access control, video security, and alarm devices through the built-in Hik-Connect app. The product series can also be converged with third-party applications to satisfy customized or personalized needs.

McCoy was promoted to Personal Lines Manager for Alliance’s sister company Powers Insurance & Risk Management

(St. Louis, Mo., Feb. 23, 2023) Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, recently promoted Thomas “TJ” McCoy IV to Personal Lines Manager for VIAA’s sister company Powers Insurance & Risk Management, one of the largest family owned and operated independent insurance agencies in the bi-state region,

McCoy’s responsibilities include managing and overseeing the agency’s personal lines service team. He also will service a high net worth book of business, as well as assist in the training and best practice standards supervision of eight team members.

McCoy previously served as a Personal Lines Service Coach for VIAA. He earned his Bachelor of Science degree in Business Administration from Marian University in Fond du Lac, Wisc. McCoy holds licenses for both Life Insurance, as well as Property & Casualty Insurance. He is actively involved in the community and is a member of the Cystic Fibrosis Foundation Gateway Chapter for Tomorrow’s Leaders.

“TJ has been a tremendous asset to our alliance, so we look forward to all he will accomplish at our sister company,” said VIAA’s co-founder Henry Powers. “TJ is a leader who has built strong relationships throughout his career, and we are proud to have him at the helm of our growing personal lines team.”

Founded in 1991, Powers Insurance & Risk Management provides personal and business insurance, surety, risk management, and employee benefits. Founded in 2006, sister company Valley Insurance Agency Alliance generates more than $600 million in written premium and is the regional founding member for the Strategic Insurance Agency Alliance (SIAA), a $11 billion national alliance. The companies are headquartered at 6825 Clayton Ave. For more information, call (314) 725-1414 or visit www.powersinsurance.com or www.viaa4u.com.

Mumbai, 23 February 2023: LoveChild, the cosmo-wellness and beauty brand by multi hyphenate entrepreneur & actor Masaba Gupta, has launched the perfect beauty pick-me-up this wedding season for flushed cheeks and contoured cheekbones! Adding to its existing products categories like lipsticks, eye makeup, skincare, fragrances and wellness, the brand is now stepping into the face makeup category with a splendid new range of products to reinforce the brand’s commitment to growing their portfolio with inclusive products.

Infused with the goodness of nourishing oils and skin loving ingredients, Highlighted Nakhre and Band Baaja Blush are formulated keeping all Indian skintones and undertones in mind. Inspired by the joy of self-love and the grandeur of Indian weddings, these products bring to life the energy and vibe of such celebratory moments through the packaging design. All formulations and shades are tailor-made for every mood and occasion, paving their way to strengthen the makeup category at LoveChild.

In a bid to penetrate the ever-evolving and dynamic beauty segment, LoveChild has partnered with leading e-commerce destination, Myntra Beauty, to launch the all–new Highlighted Nakhre highlighter palettes and Band Baaja Blush crème blushes. With 1400+ brands and 75,000+ products, the Beauty and Personal Care category has been one of the fastest growing categories on Myntra and continues to rampantly scale its scintillating selection of international, domestic as well as D2C brands with an emphasis on catering to the various need states and niches of consumers.

Commenting on the association and new launches, Masaba Gupta (Founder, of LoveChild) said “These two new launches are my current favourite beauty products – nothing like a good highlighter and some blush! Each shade has been curated to suit everyone from a light skinned girl to the brown kudi! With immense love from across the country, this time around we have partnered with Myntra to drive discoverability for the brand across the country & to emerge as a powerful player in the beauty segment. I am thrilled to kick off this association & what better way to enter the face makeup category with ‘band,bajaa & a 100 watt glow!

Touching upon the addition of Lovechild’s new range on Myntra, Sharon Pais, Chief Business Officer, Myntra said said, “We are excited to be Lovechild’s destination of choice as they step into the face makeup category with the launch of their stellar highlighter palettes and crème blushes. Youth icon Masaba Gupta’s signature style truly reflects in the products that are poised to strike a chord with our thriving base of beauty enthusiasts looking for high-quality, conscious and trendy make-up and wellness choices at accessible price points. Myntra Beauty has been witnessing an uptick in demand in the makeup and wellness category and we are certain that Lovechild’s new launches are set to elevate our portfolio, further strengthening our relationship with our shoppers.”

‘Highlighted Nakhre’ is available in 2 exciting palettes ‘Chandni’, which is specifically formulated for fair to medium complexions and ‘Sitara’, specifically formulated for dusky skintones. These palettes are each priced at INR 1,800 each. These luxurious highlighters melt like butter on your cheeks, thanks to their special cream to powder texture. Its unique 3D rainbow reflection leaves you with a 100 watt glow so you always ‘Slay the Spotlight’. This wedding season, show some nakhre, and get ready to shine bright, the Chandni and Sitara way.

‘Band Baaja Blush’ is a range of highly pigmented creme blushes, available in 6 vibrant shades that are suitable for all Indian skintones. The never seen before shades include ‘Bubblegum Baraat’, ‘Shocking Sharbat’, ‘Lal Lal Land’, ‘Cinnamon Choli’, ‘Brown Kudi’, and ‘Peach Puchka’ and are priced at INR 750 each. Made with nourishing oils and infused with HA, Squalene and Shea Butter, these blushes give you a dewy finish with a long lasting matte effect.

Beauty is also a top-performing category on Myntra’s live commerce proposition, M Live with 100% engagement rates being witnessed across its sessions coupled with a significant growth in its live streaming traffic too. LoveChild’s Founder, Masaba Gupta will also be participating in a M Live to interact with her beloved fans and beauty enthusiasts alike on 22nd February as she showcases the brand’s latest launches ‘Highlighted Nakhre’ and ‘Band Baaja Blush’ which shall be simulcasted on Myntra Studio, Myntra’s Instagram page, Myntra Beauty’s Instagram page, Lovechild’s Instagram page and Masaba’s Instagram page.

All LoveChild products are PETA certified, vegan and cruelty-free, and are available online at lovechild.in, Myntra Beauty and at House of Masaba stores across India.

New Delhi, 23 Feb 2023: The National Real Estate Development Council (NAREDCO) announced to unveil the ‘FUND CITY’ on the sidelines of the upcoming NAREDCO Finance Conclave to be held at New Delhi on 3rd February. The Fund City is a consortium of Fund Houses, Banks, specialized funds, and other financial institutions. The Fund City will work in partnership with NAREDCO to address the financial requirements of the real estate sector in India.

The main aim of Fund City is to address the funding requirements of stalled as well as new real estate projects across all segments of real estate development in the country. The Fund City also consists of investment bankers and consultants who will analyze and assist in the processing of these stalled or new project funding.

Fund City is very similar to the TV show Shark Tank, with a group of fund houses eager to invest. Developers seeking funding must apply to Fund City, and proposals will be selected by fund houses on a first-come, first-served basis. The pressure of peers will encourage quick completion of selected proposals.

Fund City’s main objective is to secure funding for all stalled, stressed and new projects without any discrimination of size , geography or stage The terms and conditions of funding will be determined by the relevant fund houses and project promoters. Our aim is to assist in completing projects without imposing any specific conditions. Most projects have a positive cash flow upon completion, although negative cash scenarios can occur in rare cases. In such situations, promoters and home buyers may negotiate an arrangement with specific escalation terms, while ensuring definite returns to the lending funds.

NAREDCO Fund City provides new project financing through a specialized approach in order to support deserving real estate projects. Leveraging a network of banks and fund houses, the organization focuses on identifying projects that can create value for stakeholders such as developers, investors, and end-users. By recognizing the unique challenges faced by the real estate sector, NAREDCO Fund City offers customized solutions that cater to the specific requirements of each project, utilizing their expertise to make it happen.

NAREDCO Fund City aims to disburse funds to a significant number of projects and promoters to bring them out of the red. The Fund City also aims to rescue a significant number of home buyers, repay and close a considerable number of loans, and close indirect liabilities. The Fund City will also aim to encourage entrepreneurship in the real estate sector, ease of business, and increase the happiness quotient.” Said Mr. Rajan Bandelkar, President, NAREDCO

“The launch of NAREDCO Fund City is expected to have a great impact on the Indian economy, employment market, organizing the unorganized market, creating CAT A developers of all sizes, working as a financial think tank and encouraging best practices. The Fund City will also reduce the cost of funds for projects, which will impact an increase in profits or reduction of sales prices for buyers and become competitive.” Mr. Sathish Kumar, Chairman, NAREDCO Finance Committee

Developers of all sizes, across all tiers of cities, will have access to Fund City. This initiative is poised to bring about a revolution in the Indian real estate market, with significant secondary and cascading positive effects.

Getting funds from Fund City will be a simple process, with just a single-sheet application needed to express interest from the fund houses. Within 7 days, funds will provide their expression of interest, and once promoters have completed all the necessary formalities, the full process of allocation by the chosen fund house will typically be completed within 30 working days. NAREDCO Fund City has a committed group of banks and fund houses, with more expected to join soon. The full group of fund houses will be shared after the conclave. This initiative is a win-win for all stakeholders, including bankers, builders, government, and most importantly, home buyers. NAREDCO Fund City aims to revitalize the real estate sector and contribute to the growth of the Indian economy.