The Pros and Cons of Investing in Commercial Real Estate

Rohit Maingi

By Rohit Maingi (DnR Realty)
In the realm of real estate investment, commercial properties stand out as lucrative opportunities for investors seeking long-term growth and stability. However, like any investment avenue, commercial real estate comes with its own set of advantages and challenges. To shed light on this topic, let’s explore the pros and cons of investing in commercial real estate, drawing insights from Rohit Maingi, a seasoned professional in the industry, and DnR Realty Consultants, a leading firm dedicated to providing comprehensive real estate services.

Pros of Investing in Commercial Real Estate:

Potential for Higher Returns: Commercial properties typically yield higher rental incomes compared to residential properties. Additionally, the appreciation of commercial real estate values over time can contribute to significant returns on investment.

Diverse Investment Options: Commercial real estate encompasses various property types, including office buildings, retail spaces, industrial facilities, and multifamily complexes. This diversity allows investors to tailor their investment portfolios according to their risk tolerance and financial goals.

Long-Term Lease Agreements: Commercial leases often span several years, providing investors with a stable and predictable income stream. Moreover, tenants in commercial properties typically assume a greater share of operating expenses, such as maintenance and utilities, relieving landlords of some financial burdens.

Portfolio Diversification: Investing in commercial real estate offers diversification benefits, helping investors mitigate risks associated with economic downturns or fluctuations in the housing market. A well-balanced portfolio that includes commercial properties can enhance overall investment resilience.

Cons of Investing in Commercial Real Estate:

Higher Initial Investment: Acquiring commercial properties typically requires a substantial upfront investment compared to residential real estate. Moreover, ongoing maintenance and operational costs can add up, particularly for large-scale commercial properties.

Market Volatility: The commercial real estate market is susceptible to economic fluctuations, geopolitical events, and industry-specific trends. Investors may face challenges during periods of economic downturns or shifts in consumer behavior, impacting property values and rental demand.

Tenant Turnover and Vacancy Risks: Finding and retaining tenants in commercial properties can be more challenging than in residential real estate. Vacancies or lease terminations can lead to income disruptions and increased expenses associated with marketing and tenant improvements.

Regulatory and Legal Complexities: Commercial real estate transactions are subject to a myriad of regulations, zoning laws, and contractual agreements. Navigating these complexities requires thorough due diligence and legal expertise to ensure compliance and mitigate potential risks.

In conclusion, investing in commercial real estate offers a range of opportunities for wealth creation and portfolio diversification, but it also involves inherent risks and complexities. By partnering with experienced professionals like Rohit Maingi and DnR Realty Consultants, investors can gain valuable insights and guidance to navigate the nuances of the commercial real estate market effectively. With a strategic approach and diligent risk management, investors can capitalize on the potential rewards of commercial real estate while minimizing downside risks.

Samsung Announces Never-Seen Before Price on Galaxy S23

BENGALURU, India –30th April 2024 – Samsung, India’s largest consumer electronics brand, today announced an exciting offer on Galaxy S23. Galaxy S23, originally priced starting INR 64999, will be available at a never-seen-before price of INR 44999 during Flipkart’s Big Saving Days sale. The offer includes a bank cashback of INR 2000, making this the best-ever offer for Galaxy S23.

Galaxy S23 now comes with Galaxy AI, enabling consumers to harness the transformative power of AI for their communications. With Galaxy AI, Galaxy S23 users will be able to take advantage of several features including Circle to Search, Live Translate and Photo Assist amongst others. The broader integration of Galaxy AI across the Galaxy ecosystem also enables a seamless user experience in day-to-day tasks on AI-supported models, driving new levels of efficiency.

Circle to Search with Google generates insightful, high-quality Google search results when you simply circle, highlight, or tap any image on your display.

Live Translate produces two-way, real-time voice and text translations of phone calls, making it easier than ever to book reservations while traveling or to chat with your grandparents in their native language.

Note Assist can create AI-generated summaries, pre-formatted templates, and cover pages, elevating your day-to-day productivity. Chat Assist can help perfect conversational tones by generating context-aware suggestions to ensure communication sounds as it was intended, whether it is a polite message to a coworker or a short catchy phrase for a social media caption.

Interpreters can instantly translate live conversations through a user-friendly split-screen view, allowing people standing opposite each other to read a text translation of what the other person is saying.

Transcript Assist uses AI and Speech-to-Text technology to transcribe, summarize, and even translate voice recordings. Browsing Assist helps you stay up to speed on what is happening around the world while saving time by generating concise summaries of news articles or web pages.

Generative Edit gives you even more creative freedom to resize positions and align objects even after the photo is taken. Edit Suggestion gives you your own personal photo editor that uses AI to suggest perfectly suitable tweaks for each photo.

Galaxy S23 comes with an epic rear camera, featuring a 50MP primary camera, 12MP ultra-wide camera, and a 10MP telephoto camera with OIS & 3X optical zoom. Galaxy S23 features a 12MP front-facing camera with Super HDR technology for capturing truly cinematic Nightography videos. The Snapdragon® 8 Gen 2 Mobile Platform for Galaxy on Galaxy S23 ensures premium experiences, including reliable mobile gaming and fast mobile graphics. Galaxy S23 is certified for reduced environment impact.

Birla Carbon to participate at American Coatings Show 2024

Marietta, USA / Mumbai, India -30th April 2024: Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon-based solutions, will participate in the American Coatings Show 2024 from April 30th to May 2nd at the Indiana Convention Center, Indianapolis, United States. Birla Carbon will exhibit at booth number 1648.

Speaking about the participation, John Davidson, Chief Sales & Marketing Officer, Birla Carbon, said, “We are excited to join the American Coatings Show 2024 and showcase our range of sustainable carbon-based solutions for the paints and coatings industry. The event will serve to highlight Birla Carbon’s extensive selection of Raven, Conductex, Nanocyl, and Continua ™ SCM products, which together make us the go-to source for sustainable carbon-based solutions for coatings applications. At Birla Carbon, our goal is to achieve net zero carbon emissions by 2050, which allows us to lessen our environmental impact, partner with our customer’s sustainability journey, and at the same time maintain the same level of quality in our products.”

This year, Birla Carbon solutions to be displayed at the event include:

  • · Continua™ 8510P SCM and 8000 SCM: A scalable and sustainable solution designed to enhance product sustainability and circularity.
  • · Raven 3500, 5000 Ultra II, and 5100 Ultra series highlight its excellence in high-color blacks, offering superior dispersion and color performance in various engineering plastics applications, offering a comprehensive range of high-performance carbon blacks for plastics.
  • · Nanocyl brand of Multiwall Carbon Nanotubes (MWCNT) through NC7000™ for high electrical conductivity in all polymers and PLASTICYL™ high conductive thermoplastic MWCNTs.
  • · The Conductex e range of solutions is a key performance-enhancing carbon black additive that gives high conductivity and purity while enabling manufacturers the formulation flexibility required for a variety of lead acid battery applications.

The American Coatings Show 2024 will help showcase Birla Carbon’s performance-grade carbon black solutions while promoting sustainability and circularity at scale. It will also bring together experts and professionals from the coatings and paint industry to discuss the latest trends, technologies, and innovations in the industry.

NAREDCO Maharashtra’s Knowledge session – ‘All about Policy’ illuminates Mumbai real estate policy updates

NAREDCO

Mumbai, 30th April 2024: The National Real Estate Development Council (NAREDCO) Maharashtra in association with Practicing Engineers, Architects and Town Planners Association (PEATA) hosted a pivotal Knowledge Session ‘All About Policy’ which brought together distinguished experts from the real estate sector to discuss critical policy implications and their impacts on the Mumbai real estate market.

Mr. Prashant Sharma, President of NAREDCO Maharashtra, inaugurated the session with a warm welcome to all attendees, emphasizing the significance of such knowledge exchanges in understanding the intricacies of real estate regulations. “These sessions are crucial for all stakeholders to gain clarity on the rules governing our sector,” Sharma stated.

Mr. Manoj Dubal, President of PEATA, opened the discussions with a detailed examination of Sections 33(11), 33(20)B, and a comparative analysis of regulation 33. His insights covered essential topics such as permissible Floor Space Index (FSI) on plot developments, transit camp tenements for Slum Rehabilitation Authority (SRA), clubbing of schemes in case of unconsumed sale component of additional FSI, development of affordable housing, rehabilitation & resettlement on private plot or plot of authority other than government authority.

The highlight of the event was a panel discussion titled “Navigating the Future: Policy Priorities for the Real Estate Sector,” featuring industry stalwarts like Mr. Niranjan Hiranandani, Mr. Rajan Bandelkar, Mr. Kamlesh Thakur, Mr. Manoj Dubal and Mr. Manoj Daisaria, with moderation by Aarti Harbhajanka.

Panelists debated the need for government support in light of substantial profits earned from the realty sector. Dr. Niranjan Hiranandani, Chairman Emeritus, NAREDCO Maharashtra said “The real estate sector is the most taxed industry, and unless we ask the government to fulfill our industry demands; they will not be met. The government is earning substantial profits from the realty sector and therefore we expect them to support us as well. There was a time when people said that the now defunct Urban Land Ceiling (ULC) would never get scrapped, but it did get scrapped after we followed up for its removal.”

“There is a huge parcel of vacant land in Mumbai which is unutilized. We need to awaken the government and tell them that if you want affordable housing then open these land parcels and reduce the cost of development to fulfill the government’s obligation to provide affordable housing to all,” added Mr. Hiranandani.

Mr. Rajan Bandelkar, Vice Chairman, NAREDCO stressed on the need for the industry to stay within its limits. “In the past we have seen a section of the industry going far beyond and have not delivered on its promises to customers. This is the reason why the government has brought in the Real Estate Regulatory Authority (RERA) bill, in its bid to control the sector, bring more transparency and safeguard home buyer interest. It’s imperative that our industry adheres to its commitments to ensure trust and sustained growth.”

“The successful implementation of the Pradhan Mantri Awas Yojana (PMAY-U) has helped the needy and poorer sections of society; we would request the government to undertake in the same way similar schemes for other sections of society as well,” Bandelkar added.

Conversations also touched upon the need for innovative urban planning. Mr. Kamlesh Thakur, Vice President, NAREDCO Maharashtra opined that we need to create smart cities as there will be a reverse migration of Indians from abroad; will our cities survive till then is the question we need to ask ourselves. In addition, the government should encourage greenfield developments instead of brownfield developments, which we are presently doing.

Architects Karan Daisaria & Devansh Daisaria, Design Principal, Daisaria Associates gave an insightful presentation on the elevation features of new developments. They spoke on the challenges faced by architects in the planning and designing of buildings given the strict norms and guidelines laid down by the competent authorities. Having studied and worked abroad with international brands, they have tried to merge these features into the Indian construction framework.

The session concluded with a collective affirmation on the necessity of regular policy discussions to foster a more transparent and robust real estate market in Mumbai.

Internet of Behaviors (IoB) Driving Digital Transformation through Behavioral Data Analysis

In today’s interconnected world, data has become the cornerstone of digital transformation across industries. Among the myriad forms of data, behavioral data stands out as a powerful catalyst for understanding consumer preferences, habits, and decision-making patterns. The amalgamation of this data with emerging technologies has given rise to the Internet of Behaviors (IoB), a concept that is reshaping the landscape of digital transformation.

The Internet of Behaviors (IoB) is an evolving paradigm that leverages the collection, analysis, and interpretation of data related to human behaviors. It encompasses a wide array of sources, including social media interactions, online browsing habits, purchase history, location tracking, and even biometric data from wearable devices. By harnessing this wealth of behavioral data, organizations gain invaluable insights into consumer preferences, sentiment, and engagement levels.

Market Overview: Internet of Behaviors (IOB) Market

The Internet of Behaviors (IoB) refers to the collection, analysis, and application of data-driven insights to influence or understand human behavior. It extends beyond the Internet of Things (IoT), focusing on behavioral data derived from various sources, such as social media, mobile devices, sensors, and other connected platforms. According to Persistence Market Research’s projections, the global Internet of Behaviors market is expected to experience significant growth, with a projected CAGR of 22% from 2021 to 2031. This rapid expansion is fueled by the convergence of big data analytics, artificial intelligence, and IoT, providing organizations with insights to drive customer engagement, improve operations, and tailor personalized experiences.

Driving Factors behind IoB Adoption:

Several factors contribute to the growing adoption of IoB across various sectors:

Technological Advancements: The proliferation of advanced analytics tools, artificial intelligence (AI), machine learning (ML), and big data platforms has empowered organizations to extract actionable insights from vast volumes of behavioral data in real time.

Consumer-Centric Approach: In today’s hyper-competitive marketplace, understanding and catering to consumer preferences is paramount. IoB enables organizations to personalize their products, services, and marketing strategies based on individual behaviors and preferences, thereby enhancing customer satisfaction and loyalty.

Regulatory Environment: With the implementation of data privacy regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), organizations are compelled to adopt transparent and ethical practices in data collection and usage. IoB facilitates compliance with these regulations by providing mechanisms for obtaining informed consent and ensuring data protection.

Pandemic-Driven Digitalization: The COVID-19 pandemic accelerated the digital transformation journey for many businesses, leading to an increased reliance on digital channels for communication, commerce, and entertainment. IoB enables organizations to adapt to shifting consumer behaviors and preferences in the post-pandemic landscape.

Applications of IoB in Digital Transformation:

The IoB has far-reaching implications across various domains, including but not limited to:

Marketing and Advertising: By analyzing consumer behavior across online and offline touchpoints, marketers can tailor advertising campaigns to target specific demographics with personalized content, thereby improving conversion rates and ROI.

Healthcare and Wellness: IoB facilitates remote patient monitoring, personalized healthcare interventions, and early detection of health risks by analyzing biometric data from wearable devices and IoT sensors.

Retail and E-Commerce: Retailers leverage IoB to optimize product placements, enhance the shopping experience, and offer personalized recommendations based on past purchase history and browsing behavior.

Financial Services: Banks and financial institutions use IoB to detect fraudulent activities, assess creditworthiness, and personalize financial products based on an individual’s spending habits and financial behavior.

Smart Cities and Urban Planning: IoB enables city planners to optimize traffic flow, enhance public safety, and improve infrastructure based on real-time data insights derived from sensors, cameras, and IoT devices deployed across urban environments.

Challenges and Ethical Considerations:

While IoB offers tremendous potential for driving digital transformation, it also presents several challenges and ethical considerations:

Privacy Concerns: The collection and analysis of sensitive behavioral data raise privacy concerns regarding consent, transparency, and data security. Organizations must adopt robust privacy policies and compliance measures to safeguard consumer rights and mitigate the risk of data breaches.

Data Bias and Discrimination: Biases inherent in data collection and analysis algorithms may lead to discriminatory outcomes, perpetuating inequalities and exacerbating social injustices. Organizations must strive for fairness, accountability, and transparency in their IoB initiatives to avoid unintended consequences.

Regulatory Compliance: Compliance with data protection regulations such as GDPR, CCPA, and emerging frameworks like the proposed Data Protection Bill in India poses compliance challenges for organizations engaged in IoB initiatives. Failure to adhere to regulatory requirements can result in severe penalties and reputational damage.

Data Quality and Accuracy: The accuracy and reliability of behavioral data depend on various factors such as data sources, collection methods, and analytical techniques. Organizations must invest in data governance frameworks and quality assurance processes to ensure the integrity of IoB insights.

The Internet of Behaviors (IOB) represents a paradigm shift in the way organizations harness and leverage behavioral data to drive digital transformation. By analyzing consumer behaviors across various touchpoints, IoB enables organizations to personalize products, services, and experiences, thereby enhancing customer satisfaction, loyalty, and business outcomes. However, the widespread adoption of IoB also raises significant challenges and ethical considerations related to privacy, bias, and regulatory compliance. Moving forward, organizations must strike a balance between innovation and responsibility to realize the full potential of IoB while upholding ethical standards and protecting consumer rights.

Transforming Broken Tiles into Trendsetting Style,Somany Ceramics collaborates with K.R. Mangalam University on World Design Day

Transforming Broken

Gurugram, 30th April 2024 SOMANY Ceramics Ltd., a leading name in the ceramic industry, collaborated with K R Mangalam University on World Design Day, April 27th, 2024 on a project titled “Transforming Broken Tiles into Trendsetting Style,” this innovative initiative is aimed at promoting recycling of waste tiles into pieces of art and captivating murals, fostering a culture of sustainability while addressing waste reduction. Over 20 talented architecture students showcased their art and technical expertise in repurposing discarded tiles into breathtaking works of art, serving as a testament to their commitment to sustainability and innovation.

Anshuman Chakravarty, Head of Marketing at Somany Ceramics, expressed his enthusiasm for the collaboration, “We are happy that future architects of India are having a passion for recycling and sustainability. We in Somany Ceramics have always been a pioneer in promoting sustainability in our products, infact our entire production of tile adhesive is done through waste tiles. We as citizens also need to sensitize our communities on reducing construction waste and debris and look for recycling and reuse. We are thankful to the K. R. Mangalam University management and students for partnering with us for this initiative and promoting the thought of artistic reuse of waste tile and supporting environment sustainability”

We are collaborating with Somany Ceramics Ltd. on an art installation project to celebrate World Design Day. This collaboration provided students with a unique opportunity to apply their design skills in a real-world context. Through these tile art projects, students gained hands-on experience in sustainable design practices while making a positive impact on the environment said Dr. Tanaya Verma, Dean of the School of Architecture and Design at K.R. Mangalam University.

The SOMANY Ceramics and K R Mangalam University collaboration was a resounding ode to the power of partnerships in driving positive change. By utilizing the creativity and innovation of students, the initiative aimed to raise awareness about the importance of recycling and inspire future generations to become responsible stewards of the environment.

IIL’s Comprehensive Sustainability Report Spotlights ESG Standards and Strategic Initiatives

New Delhi, 29th April 2024 – Insecticides (India) Limited (IIL), a prominent player in the nation’s crop protection & nutrition industry, has released its Sustainability (ESG) Report FY23. The comprehensive report, titled “Accelerating Innovation to Foster a Resilient Tomorrow,” sheds light on IIL’s commitment to environmental, social, and governance (ESG) aspects which are of paramount importance to the organization.

The Sustainability (ESG) Report provides valuable insights into IIL’s strategic approach, endeavors, and performance concerning relevant ESG material aspects. This initiative, in addition to the annual report, reflects IIL’s persistent journey towards a sustainable future. For FY23, the report discloses non-financial information, activities, and sustainability initiatives adhering to the Global Reporting Initiative (GRI) Standards. External Assurance, provided by Ernst & Young Associates LLP, lends credibility to the ESG disclosure, aligning with International Standards on Assurance Engagements 3000 [ISAE 3000 (Revised)].

IIL, known for its wide array of crop protection and nutrition products, including fungicides, insecticides, herbicides, and Biologicals & Plant Growth Regulators (PGRs), has also expanded its offerings to include biologicals few years back, emphasizing sustainable growth. The report highlights IIL’s commitment to being a solution provider through specialized products, catering not only to the Indian market but also having a foothold in more than 24 countries worldwide.

Mr. Rajesh Aggarwal, Managing Director of Insecticides (India) Limited, expressed, “Our ESG journey reflects our understanding of the challenges posed to the industry. By adopting a sustainable approach, we aim to navigate these challenges and thrive in the evolving scene of customer demands. Our commitment lies in developing high-quality, sustainable products, implementing process improvements, and fostering a culture rooted in respect and ethics. We think that businesses that adopt a responsible and sustainable method of working will prosper in the future by keeping up with the quickly evolving demands of the customers.”

“The report outlines IIL’s ESG performance. Some of the key initiatives put forward by organization are: – 30% Green belt conforming to air quality standards; 590.29 MT and 21.44 KL of hazardous waste disposed of; zero liquid discharge in 3 plants, 1,473.31 MW solar power plants contributing 9% of total electricity; and CSR spent.” Added Mr. Sandeep Aggarwal, CFO.

As a stepping stone in this journey of sustainability, we conducted our first materiality assessment to identify and prioritize the issues that have a direct or indirect impact on us and our ability to create value for our stakeholders. Some of those issues include energy and emissions, water, diversity, etc. We have put forward various initiatives for these material issues as mentioned below.

In embracing digital transformation, IIL has streamlined processes at its Dahej plant, replacing manual paper-based reporting with online systems. This initiative resulted in time savings, reduced paper usage, and enhanced real-time process assessment, showcasing the positive impact of technology on operations.

Diversity and equal opportunity are integral to IIL’s culture, reflected in policies that promote a workplace free of discrimination and harassment.

Recognizing farmers as key stakeholders, IIL engages in awareness campaigns and training workshops. The CSR wing – IIL Foundation – actively partners with diverse NGOs & organizations to implement targeted programs focusing on raising farmer awareness, promoting education, and delivering preventive healthcare. In the fiscal year 2023, IIL dedicated  CSR initiatives, including Project Kisaan Jagrukta Abhiyan, aimed at empowering farmers, and Project Vidhya, designed to enhance educational access for underprivileged children. Employing the “Sahi ka Mantra” (right time, right product, right dosage, right method) approach, the company stresses the importance of the accurate utilization of their crop care products.

IIL’s commitment to sustainability, innovation, and social responsibility highlights its dedication to creating a resilient and thriving future.

Shyam Metalics Unveils SEL Tiger Foil

Shyam Metalics

Kolkata, 29th April 2024 – Shyam Metalics and Energy Ltd, the leading and fastest growing metals manufacturing company in India, proudly unveils its latest development, the “SEL Tiger Foil”. Crafted with a deep dedication to preserving food freshness and increasing sustainability, SEL Tiger Foil is a testament of excellence in household food safety.

Driven by the strong demand and a projected 7.4% CAGR growth in the aluminum foil segment by 2030, Shyam Metalics is poised to benefit from increased demand and business opportunities in this sector.

SEL Tiger Foil is being manufactured in Giridh, Jharkhand by Shree Venkateshwara Electrocast Private Limited, a step-down subsidiary of Shyam Metalics and Energy Ltd is available in 2 categories, microns, 11 microns, and 18 microns. Each variant is tailored to meet diverse food storage needs. A range including 9-meter rolls for occasional needs and 72-meter rolls provides an ample supply of aluminum foil for everyday culinary endeavors, with an ideal size for regular use. This launch also heralds a new, nature-friendly box design, underscoring Shyam Metalics’ dedication to sustainable practices.

Mr. Sheetij Agarwal, Director of Shyam Metalics and Energy Ltd., stated, “SEL Tiger Foil continues our tradition of relentless innovation to meet consumer and environmental needs. By introducing this new line of products, we’re not just offering convenience; we’re also delivering freshness and eco-consciousness to households worldwide. It is our belief that SEL Tiger Foil will not only maintain food freshness and safety but will also contribute to a more sustainable future.”

SEL Tiger Foil offers superior food protection, long-lasting use, and eco-conscious packaging. The non-stick material is crafted from 100% organic cellulose and features grease-proof properties, making it ideal for an array of culinary applications. It has been rigorously tested and certified for food safety. Moreover, SEL Tiger Foil is recyclable, aligning with the principles of responsible consumption.

Peoples Forum for Rise of South Asia- Pffrosa Launched

Peoples Forum for Rise

New Delhi,29th April 2024: “This is a century of Asia and South Asia with India as a leader has an important role to play in global scenario for overall peace, harmony and progress, as enshrined in our age-old Indian ethos of Vasudhev Kutumbkam”, said Mr. Sanjay Bhalla, General Secretary of ARSP Foundation (Indian Council of International Cooperation) while launching ‘Peoples Forum for Rise of South Asia- PFFROSA’, a two days’ summit at Vishwa Yuvak Kendra in New Delhi. It’s a joint initiative of ARSP Foundation, Yuvsatta (youth for peace)-NGO, Gandhi Smriti & Darshan Samiti, New Delhi under the Ministry of Culture, Government of India and Atmashakti Trust. Supported by Harijan Sewak Sangh, Gandhi Global Family & South Asia Peace Alliance.

Mr Pratap Singh, President of ARSP Foundation said that they’re focussing on building South Asia from the bottom-up with a focus on four key areas of ‘Trade, Tourism & Technology, encashing the demographic dividend, ensuring gender equality at all levels in our society and harnessing of water resources for environmental sustainability and action.”

Participating in the debate Mr Mahaveer Singhvi, IFS, Joint Secretary, Ministry of External Affairs, Government of India added that no developmental goal is unsurmountable if developing nations emerge as one with a focus on 3T’s i.e. Travel, Trade & Technology.

In this two-day summit, powered by collaboration with Manav Rachna University and LAVA Mobiles, many prominent people are participating namely include Mr Shailendra Kumar, Chairman of TIOL Knowledge Foundation, Mr. Nitesh Raj, Advisor TV9 Digital, Prof. (Dr.) Sankar Kumar Sanyal, President, Harijan Sewak Sangh, Prof. Monica Munjial Singh, Member, CCPCR-Chandigarh Commission for Protection of Child Rights, Mr Vijay Bhartiya, Director, South Asia Peace Alliance-SAPA, Mr Bhaskar Koirala, Former Director of Nepal Institute of International and Strategic Studies, Dr. Jwala Prasad, Director, Gandhi Smriti & Darshan Samiti and Sh. Anupam Shrivastava, former CMD of Bharat Sanchar Nigam Limited (BSNL).

On the occasion some exemplary social leaders were honoured with PFFROSA Youth Leadership Awards and they were Mr. Vishal Sehgal, Co-founder & Director, LAVA Mobiles, Mr. Rajnish Kumar, Secretary, Rajghat, Dr Geeta R. Thakur, Dean Students Welfare, Manav Rachna International University, Mr. Vedabhyas Kundu, Programme Officer, Gandhi Smriti & Darshan Samiti, Dr. Om Prakash Kansal, Country Advisor-India, Global HPV Cancer Free, American Cancer Society, Ms. Jaya Bharti- Programme Lead, Atmashakti Trust, Ms. Ankita Thakur, Programme Manager, JISA-Japan India Sustainability Alliance, Mr. Chheku Dukpa ‘Jackson Dukpa’, Founder, Global Village Connections (GVC), Bhutan, Mr. Abdul Hamid Bhatt, CEO, Rahim Greens alias Treeman of Kashmir, Mr. Sundar Ghimre, Secretary, CPN UML, Ramechap Municipality, Nepal, Mr. Nagendran Kathegan, Mannar District, Northern Province, Sri Lanka, Mr. Bashyal Deepak, Jagriti Child & Youth Concern-JCYCN, Nepal, Mr. Bawi Hlei Hu from Myanmar, Mr. Rajesh Nepali, General Secretary, Nepal National Oppressed Student Union, CPN- UML, Nepal, Mr. Uday Shankar Singh, CEO, Vishwa Yuvak Kendra.

Mr Sanjay Bhalla, Secretary General ARSP Foundation along with Mr Pramod Sharma, founder of Yuvsatta-NGO, who are the organizers of this initiative concluded the summit by sharing that perseverance and continuity matter for the ultimate success of any campaign for the good of all. They plan to hold such initiatives at the PFFROSA Summit twice a year with the next one slated to be organized after six months at friendly Sri Lanka.

Programme culminated today with an interactive session at Gandhi Darshan on ‘Revisiting Mahatma Gandhi’s ideas of social change and prayers by all participating delegates for the solidarity of South Asia at Rajghat-the national memorial (Samadhi) of Mahatma Gandhi.

Mahindra First Choice-backed car & bike launches a new Pre-Owned car store in Navi Mumbai

Mahindra First Choice

Navi Mumbai(S.N): The Mahindra First Choice-backed auto content and commerce portal car&bike recently launched a used car store; car&bike Select in partnership with Bhavna Automobiles in Navi Mumbai. Located in Vashi, Navi Mumbai, the store will offer customers a wide variety of certified pre-owned cars to choose from. Customers can avail of a guaranteed buyback, get India’s most comprehensive two-year used car warranty, and reserve the car online for a free home test drive.

car&bike Select – Navi Mumbai, will provide customers an all-inclusive superior car-buying experience combining the best of the digital as well as the brick-and-mortar formats. Pre-owned cars of all the popular OEMs like Hyundai, Maruti, Honda, Kia, Mahindra, Toyota, and others will retail at the store.

“The newly opened store promises a superior pre-owned car buying experience throughout the car buying journey. Our online portal, meticulously inspected vehicles, expert guidance, 24/7 support, and welcoming showrooms, offer the consumer much-needed support in this journey. With the growing demand for personal vehicles, there is a growing need for a partner like us who can guide the consumers buy their dream car with confidence.” said Ashutosh Pandey, MD & CEO, of Mahindra First Choice Wheels Ltd.

“We are happy to be associated with car&bike by Mahindra First Choice and launch our used car store in Vashi. We look forward to serving our customers both through our superlative customer experience and a stringent inspection process that ensures only the best cars are sold from our store” said Rajesh Shah, MD – Bhavna Automobiles, Dealer Principal – car&bike Select, Vashi, Navi Mumbai

The all-new facilities offered at the car and bike store include a free home-test drive for customers, a seven-day easy return option, guaranteed buy-back anytime during the tenure of ownership, and free RC transfer. Navi Mumbai residents should head to this new store to buy their own certified pre-owned vehicle.