Large real estate developers enter holiday home mode

According to property consultants, big real estate developers are entering the holiday home market as the pandemic has prompted well-to-do people to look for second homes in hills or beach destinations.

Whereas

The country’s largest real estate developer is planning residential developments in Goa and Kochi for 2022, with several other developers eyeing sites in Himachal Pradesh and Uttarakhand.

“Developers have tapped into the demand for holiday homes in such cities with innovative offerings with world-class amenities. Organized players who have a remarkable track record, have an advantage over others due to their vast experience and understanding of laws that govern do real estate in such markets,” said Akash Ohri, group executive director and chief business officer, DLF Home Developers.

Homebuyers have been investing in high value holiday homes set in the lap of nature for the past two years, as they seek social distancing, safety and comfort all in one place. Hill stations have always been considered as a favorite destination for vacations, especially for early departure from the metropolis.

“While Dehradun, Kasauli and Shimla have always been popular for quick access from Delhi NCR, cities close to these hills have also received a big boost, for example, New Chandigarh, Panchkula. Within a few hours’ drive from metro cities. Strategic location within. Spectacular views of Shivaliks, pleasant climate and tranquility are the hallmarks of these cities.”

Nearly 70% of the people who took the Seville poll said they want to buy a second home for less than ₹2 crore, and 57-70% want to buy a second home in the next two years.

Shweta Jain said, “Second home market is slowly growing. Unlike earlier, when capital appreciation and rental income were the governing norms, an additional dimension of a safe home away from the hotspots of the pandemic has become an important consideration. ” , MD, Residential Services, Sevilles India. According to the survey, Goa is at the forefront of home demand for second homes, with one fifth of the respondents interested in buying a second home in the popular beach destination. Realty developer Tata also has a project in Kasauli, while Eldeco, another listed developer, is planning to enter the holiday home segment soon.

Pankaj said, “We will enter the segment with projects in Kasauli, Rishikesh and Goa. We will do a joint venture and develop high-end villas. With our presence in Tier 2 cities, we are getting a lot of demand from our existing customer base. Get it,” Pankaj said. Bajaj, Chairman and MD, Eldeco Group.

Uttarakhand leads the domestic demand for second homes in the northern part of the country, while Himachal Pradesh has seen limited demand for second homes.

Chandigarh-based Sushma’s ED Prateek Mittal said, “Holiday homes are the talk of the town today. The lockdown has made everyone realize the importance of peaceful rejuvenation. People find a way to re-energize themselves regularly for their busy routines.” want the place.” Group.

Originally published at Pen 18

congress: Assam Congress’ Ripun Bora quits, joins Trinamool

Just weeks after losing the Rajya Sabha election from Assam, former state Congress chief Ripun Bora on Sunday quit the party and joined the Trinamool Congress (TMC).

“From today I have started my new political journey!” Bora wrote on Twitter.

The Congress leader along with his wife and son met TMC national general secretary Abhishek Banerjee in Kolkata and formally joined the party led by West Bengal Chief Minister Mamata Banerjee.

Abhishek Banerjee later wrote on his social media handle, “A very warm welcome to Shri Ripun Bora, a stalwart and accomplished politician who has joined the AITC family today.” “We are extremely pleased to have you on board and look forward to working together for the betterment of our people!”

TMC Rajya Sabha members Derek O’Brien and Sushmita Dev were present in the meeting.

Dev, who was a former president of the All India Mahila Congress, joined the TMC in August last year.

In his resignation letter to Congress interim president Sonia Gandhi, Bora said: “I am deeply saddened to inform you that it is an open secret in Assam that instead of fighting against the BJP, the senior most leaders of the Assam PCC are fighting. A section is making secret pacts with the BJP government, mainly the Chief Minister.” He said Congress leaders are fighting amongst themselves, giving the BJP enough space to expand. Bora wrote to Sonia Gandhi, “After the disastrous defeat in the 2016 Assam Assembly elections, you gave me the responsibility of PCC President, Assam.”

Originally published at Pen 18

Office pre-leasing in top cities sees a big jump

Corporates are locking down large office spaces across the country as they revive expansion plans and prepare for employees to return to offices in full force following a sharp drop in COVID-19 cases across the country.

Big technology, consulting, and financial services firms such as Google, Deloitte, Amazon, Qualcomm, and Wells Fargo have pre-committed large office space in major cities in the first quarter of this year.

Badal said, “Office expansion plans and positive sentiment for occupiers have been witnessed across cities. The surge in new leased locations and pre-commitments, especially in the top markets, will boost the growth of the office market for the coming quarters. Indicates confidence and a healthy pace.” Yagnik, MD, Tenant Representation, Cushman & Wakefield India.

At a pan-India level, the pre-commitment of office space is 3.18 msf, an increase of 77% annually, indicating that occupants are looking for space in quality supply.

Among the top 8 cities, Bengaluru market witnessed the highest pre-commitment, followed by Chennai and Pune. In Bengaluru, pre-leasing accounted for 30% of the total gross leasing activity during the quarter, indicating an improvement in occupant sentiments.

The IT-BPM sector had a high share of leased space (37%) during the quarter, followed by engineering, manufacturing, telecommunications and media sectors which contributed 22% and 16%, respectively.

“We see that demand will outpace supply in key markets, and we will be back to our 2019 numbers this year, if there is no more fear,” said Jugi Marwah, CEO of Prestige Office Ventures. With new supply hitting markets for two quarters now, the occupiers are likely to largely take advantage of the stable rental position and further strengthen expansion plans.

Bijay Aggarwal, MD, Salarpuria Sattva said, “There is no speculative construction as builders are focused on completing existing projects. Pre-leasing commitments remain largely intact and there are limited downsizing activities by large corporations.” Leasing activity also witnessed a sharp jump on the back of large pre-commitments and growth in fresh leasing.

January-March Q1 2022 all-India net absorption was 6.7 msf, which is 95% higher than Q1 2021.

Cushman & Wakefield said cities such as Delhi NCR, Bengaluru and Pune account for about 68% of the total net absorption.

Originally published at Pen 18

KGF 2 Beats Baahubali 2, Sanju, Dangal, Tiger Zinda Hai With First Weekend Collection – Yash Wins Box Office – Pen 18

KGF: Chapter 2 – Box Office Baahubali, KGF: Chapter 2 Starring Yash and Sanjay Dutt in stellar roles, the film has raked in ₹143.64 crore nett at the box office in India. Action saga helmed by Prashanth Neel sets a new milestone by breaking the previous collection of Bahubali 2 – Conclusion Which was a total of Rs 127 crores. In whose favor does the holiday benefit work according to business experts? KGF: Chapter 2, However, it was Thursday-Saturday and Sunday without it so everything is pretty much the same. Check out this tweet by trade analyst Taran Adarsh:Also Read – Sanjay Dutt Opens Up About His Drug Addiction, Says ‘I Was Very Shy, So…

#KGF2 [#Hindi] All set for a record-smashing weekend… Day 3 is super-solid – Metro rocking, mass circuit strong… Day 4 [Sun] will compete from day one [Thu]… it’s a #bo Demons… Guru 53.95 crores, Venus 46.79 crores, Saturn 42.90 crores. Total: ₹ 143.64 crore. #India Business pic.twitter.com/Dy1XPOqtQn

— Taran Adarsh ​​(@taran_adarsh) April 17, 2022

Also Read – Lock Up Host Kangana Ranaut Feels KGF Star Yash Is Big B’s New Angry Young Man!

Yash Vs Salman: Fight for 100 Crore Club!

The Kannada period action saga has also been dubbed in Hindi and has done well on the Hindi speaking belt. According to entertainment industry tracker Ramesh Bala, the third day collection in Hindi belt is Rs 40 crore. The Hindi version reportedly cost Rs. 100 crores till now KGF: Chapter 2 8th is a net weekend grosser of Rs 100 crore and is now moving towards the target of Rs 150 crore. So far, four out of the Rs 100 crore weekend clubs belong to actor Salman Khan. with KGF 2 Leaving Weekend Collections Behind tiger is alive, sultan, Bajrangi Bhaijaan And Prem ratan dhan payo At the box office, the action drama is definitely catching the bull by its horns. Check out the box office weekend history of Hindi movies in terms of net collection as follows: Also Read – KGF Chapter 2 ready for release on OTT, streaming platform, release date, all you need to know

• KGF: Chapter 2 – Rs 1,43,64,00,000
• Baahubali 2: The Conclusion – 1,27,28,00,000
• Sanju – 1,19,33,00,000
• Tiger Zinda Hai – 1,14,91,00,000
• Sultan – 1,05,55,00,000
• Dangal – 1,04,53,00,000
• Bajrangi Bhaijaan – 1,01,42,00,000
• Race – 1,00,64,00,000
• Thugs of Hindostan – 98,45,00,000
• Prem Ratan Dhan Payo Prem – 97,63,00,000

KGF Saga knocks at the box office!

Both RRR And KGF: Chapter 2 Had a polite visit at the ticket counters to fill the cash register. So, currently the top two weekend grossers are from the South. Experts feel that branding plays an important role and since both the predecessors were blockbusters, it helped KGF: Chapter 2 And Bahubali 2 – Conclusion at the box office. Despite having a star like Vijay the Beast, it lost out to Yash starrer at the box office as the run-of-the-mill easily loses its luster in no time. The trade contrast figures of both the films are proof that the box office numbers depend on the audience engagement and entertainment quotient. Check out this tweet from Andhra Box Office:

#KGF2 : a monstrous second day loading #KGFCChapter2 Most Likely ₹100 Crore+ GBOC Days! pic.twitter.com/cavx2BXB9o

— andhraboxoffice.com (@AndhraBoxOffice) April 15, 2022

Yash starrer beats RRR at Kerala box office!

The monstrous Rocky Bhai Kerala is unstoppable at the box office as well. According to industry tracker Manobala Vijaybalan KGF: Chapter 2 Has broken SS Rajamouli’s lifetime business record RRR in the state. The KGF sequel surpassed the Rs 23 crore collection of the Jr NTR-Ram Charan starrer in God’s Own Desh. Check out this tweet by Manobala:

#KGF2 beats #RRRToday Life Time Gross ₹23 Cr at Kerala Box Office.

— Manobala Vijaybalan (@ManobalaV) April 17, 2022

Directed by Prashanth Neel KGF: Chapter 2 Kolar follows Rocky after taking over the Gold Fields. The film stars Yash, Sanjay Dutt, Srinidhi Shetty and Raveena Tandon in lead roles, with Prakash Raj, Malavika Avinash, John Cocaine and Saran providing support.

Watch this space for more Box Office updates on KGF Chapter 2!

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Originally published at Pen 18

bjp: Wait for findings: BJP as its leaders allege ‘conspiracy’ in Jahangirpuri clash

A day after violence broke out during Hanuman Jayanti procession in Jahangirpuri area of ​​the national capital, BJP leaders took a defensive stand saying that since the police is probing the matter, the party will comment only after the investigation is completed.

Delhi BJP President Adesh Gupta visited the area late on Sunday night. He is planning to meet Union Home Minister Amit Shah to apprise him of the situation.

BJP spokesperson Sambit Patra, in response to questions from media persons on the issue, said, “The matter is under investigation and we should wait for the findings.”

On Saturday, soon after the incident, Gupta and other Delhi BJP leaders like Manoj Tiwari called the violence a conspiracy.

During the media briefing, the BJP attacked the opposition leaders over a joint statement that was later issued expressing concern over incidents of communal violence.

“On Saturday Sonia Gandhi, some Left leaders and Farooq Abdullah made an appeal on the rising incidents of communal violence. I condemn this selective outrage and politics of appeasement which was going on for the last 70 years. It is politics that divided hai society,” Patra said, adding that the opposition leader was silent on the incidents of violence in Rajasthan’s Karauli.

Meanwhile, in a social media post on Sunday, UP BJP President and Minister of State Swatantra Dev Singh accused Delhi CM Arvind Kejriwal of inciting violence to seek political mileage. Patra and Gupta, however, focused on the corruption allegations against Delhi minister Satyendar Jain during a media briefing at the party headquarters.

For the past one week, the party has directed its MPs, MLAs and other leaders in Delhi to visit the capital’s schools and expose the claims of reforms made by the AAP government in the state.

Originally published at Pen 18

csk: GT beat CSK by three wickets

Gujarat Titans defeated Chennai Super Kings by three wickets in an IPL match here on Sunday. Invited to bat, CSK posted 169 for five thanks to Ruturaj Gaikwad’s 48-ball 73 and Ambati Ruyudu’s 31-ball 46.

In reply, David Miller hit an unbeaten 51-ball 94 while stand-in captain Rashid Khan smashed a 21-ball 40 as GT chased down a total with one ball to spare.

Earlier, Gaikwad returned to form with a scintillating innings that hit five sixes and as many fours while Rayudu hit four fours and two sixes.

Alzarri Joseph (2/34) took two wickets for GT, while Mohammed Shami (1/20) and Yash Dayal (1/40) took one wicket each.

Brief Scores:

Chennai Super Kings: 169 for 5 in 20 overs (Ruturaj Gaikwad 73; Alzarri Joseph 2/34).

Gujarat Titans: 170 for 7 in 19.5 overs (David Miller 94; Dwayne Bravo 3/23, Mahesh Thekshana 2/24).

Originally published at Pen 18

‘Shaadi Mubarak’: Rockstar Ranbir Kapoor Returns To Work Post Wedding With Alia Bhatt-Watch – Pen 18

Ranbir Kapoor resumes work: Actor Ranbir Kapoor will work with Alia Bhatt post marriage as shutterbugs wished him all the best. As the actor got out of his car, the shutterbugs started shouting ‘Mubarak Shaadi’. In a video clip that went viral, Kapoor’s descendant was seen going inside a building. Check out this post shared by photographer Viral Bhayani:Also Read – Inside pics from the neon-lit party of Ranbir-Alia’s wedding!

Also Read – Karisma Kapoor beams with joy as sister-in-law Alia Bhatt’s Kalira Falls – see pics!

Ranbir gives thumbs up to the paparazzi!

In the video, Ranbir can be seen wearing a black cap and a dark blue mask. The actor wore a casual blue plaid shirt paired with beige pants and white shoes. As soon as Ranbir came out of his car, the photographers raised slogans of Mubarak Shaadi. The actor showed his thumb as he clicked and went straight inside the building. Check out this post by Viral Bhayani: Also read- Soni Razdan gifted Ranbir Kapoor a watch worth Rs 2.5 crore, Alia chose Kashmiri shawl for the guests at the wedding

Alia will work with Wonder Woman!

On the evening of April 16, the Brahmastra actor and wife Alia attended a post-wedding party. Neetu Kapoor, Riddhima Kapoor, Karisma Kapoor and Akanksha Jain Kapoor joined the pair. Alia will soon start working on her Hollywood project with Gal Gadot.

Watch this space for more updates on Ranbir and Alia.

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Originally published at Pen 18