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Tag: Hyderabad

PVV Infra Plans Rs 49.50 Crore Rights Issue to Boost Capital

Hyderabad, January 1, 2025: PVV Infra Limited, an Infrastructure Company mainly into solar power rooftop installations, at its Board meeting held today approved several strategic decisions aimed at enhancing the company’s growth trajectory and strengthening its operational framework.

Among the key decisions, the Board approved raising up to ₹49.50 crore through a Rights Issue of fully paid-up equity shares with a face value of ₹10 each, providing existing shareholders an opportunity to participate in the company’s growth. The specifics of the issue, including the price, entitlement ratio, and record date, will be finalized in due course, subject to regulatory approvals.

To support future growth and funding needs, the Board proposed increasing the authorized share capital from ₹60 crore to ₹120 crore, subject to shareholders’ approval via a postal ballot. Additionally, the Board approved alterations in the Object Clause of the Memorandum of Association (MOA) to incorporate activities related to solar and wind energy systems, LED manufacturing, EV products, and consultancy services, underscoring the company’s commitment to sustainability and green energy initiatives.

In a significant move, Mr. Sunil Jagtap, an expert in green energy with over 22 years of experience in the solar and wind energy sectors, was appointed as an Additional Director under the Executive Director category. His extensive expertise is expected to greatly enhance the company’s renewable energy endeavours.

The Board also appointed M/s Sambhu Prasad Hanumath Venkata Srinaga Mukkamala, a prominent firm of Practicing Company Secretaries from Visakhapatnam, as the Secretarial Auditor for FY 2024-25. Furthermore, the Board approved the circulation of a postal ballot notice to seek shareholder approval for these critical decisions.

Hyderabad to be host of the largest gathering of plumbing, water, sanitation, and building industry experts from around the globe – from November 21st to 23rd

Manoj Mathur_ K Bhaskar_Sanjay Bhilare_Thanu Kumar and Sravan Kumar of IPA seen unveiling the poster of the 30th Indian Plumbing Conference

Hyderabad, November 12th, 2024…..The 30th Indian Plumbing Conference, the largest-ever gathering of the Plumbing industry, will be held in the city this month from November 21st to 23rd at Hitex.

The theme of the conference will be Water-The New Currency

The theme emphasizes water’s vital role in sustainability and climate action, promoting initiatives like Green Credits and Water Credits to support India’s goal of achieving net-zero emissions by 2070. This conference aims to enhance water management, inspire innovation, and foster economic resilience by encouraging water-efficient technologies and aligning with national carbon reduction targets.

The conference will be organized by the 31-year-old Indian Plumbing Association (IPA), an NGO and an apex body of plumbing professionals in India.

Shri D. Sridhar Babu, Minister for IT, Electronics & Communications, Industries & Commerce, Government of Telangana will grace the occasion as the Chief Guest, and Shri Dana Kishore, Principal Secretary, Municipal Administration and Urban Development, will be the guest of honour.

The Keynote Speaker will be Mr. Søren Nørrelund Kannik-Marquardsen, Commercial Counsellor, Head of the Trade Council New Delhi & Regional Coordinator for South Asia, Embassy of Denmark in India

1500 plus delegates from across India and abroad will participate. Eighty exhibitors to showcase their products and services. More than 8000 visitors are expected to visit the conference cum expo.

The conference will host engaging technical sessions and panel discussions, including Water—The New Currency; Moving Towards Net Zero Water in the Built Environment; Water—Revitalizing the Heritage; High Challenges for High-Rise Buildings; Water, Sanitation, and Hygiene and Water Scenario in the Hospitality Sector

The conference will feature distinguished speakers, including Shri. Avinash Mishra, Chairman, Water Audit Council & Former Adviser, NITI Aayog; Dr. Rama Kant, Deputy Adviser (PHE), Ministry of Housing and Urban Affairs; Prof. Srinivas Chary, CEO, WASH Innovation Hub and Centre Director, ASCI; Shri. Stanley Samuel, Founder, Eco Soft PTE, Singapore; Shri. Nitin Bassi, Senior Program Lead, CEEW; Shri. Rahul Sachdeva, Senior Program Manager, NIUA; Shri. Goutam Reddy, Vice Chairman, RE Sustainability Ltd; Smt. Charu Thapar, Executive Director-Property and Asset Management, Asia Pacific JLL; Shri. HC Vinayaka, Vice President, Technical EHS and Sustainability, ITC; Shri. Prem Thakur, VP Technical Services, IHCL (Taj Group); Sh. Valluri Srinivas, CEO, Synergy Infra Consultants

The conference will have knowledge-sharing sessions on water management in built spaces such as Water, Sanitation, Hygiene, and others.

Elaborating on how significant this conference is to Hyderabad Sanjay Bhilare, Chairman of the Hyderabad Chapter said it has blooming and robust real estate recording rapid growth. Infrastructure projects are flourishing, and there is a need for robust plumbing systems, water, waste management, recycling of treated water, and rainwater harvesting. Good plumbing not only ensures the longevity of our buildings but also enhances the quality of life for residents and communities, he added.

We will launch the Telugu version of ‘A Guide to Good Plumbing Practices’. It will be a Plumbing Engineering handbook, Sanjay said.

By 2030, India will have less than half of the total water demand. As per a NITI Aayog report, by then India will be able to supply 744 billion cubic meters of water against a demand for 1,498 billion cubic meters — a shortfall of over 50 percent. In recent incidences, we have seen Bengaluru and Chennai experiencing Day 0, Gurmit Singh, National President of IPA added.

“Day Zero” is the situation when a city’s water supply is almost completely depleted. When “Day Zero” is reached, taps run dry, and municipalities may enforce water restrictions and rations, Gurmit Singh, the Past National Chairman of the Indian Green Building Council. He is an expert on water conservation and reclamation. His domain knowledge includes achieving water use efficiency, water treatment, wastewater treatment, water refining, sewerage treatment, protection and preservation of water bodies, water audits, plumbing methods, and practices.

In the domestic water sector, the loss of water on account of leakages in mains, communication, and service pipes and valves is approximately 30 to 40% of the total flow in the distribution system, he added

India’s Increasing Water Footprint

Virtual Water Trade: India’s water footprint is also linked to the virtual water embedded in the goods it imports and exports. For instance, exports of water-intensive goods, such as rice, cotton, and sugar, indirectly lead to water depletion in regions that produce them, even if those regions are not consuming the water directly.

Exporting Water through Agriculture: India exports millions of tons of rice annually, which has a huge virtual water cost. 1 kg of rice requires around 3,000 liters of water to produce. Thus, India is, in a sense, exporting water to other nations through its agricultural exports, even as it faces its water crises.

The 30th Indian Plumbing Conference provides an important platform to discuss solutions and innovations that can help secure the future of water, ensuring its availability for all.

Water as an Economic Asset: Like money, water has intrinsic value. Its availability or scarcity can directly influence local economies, trade, and livelihoods. Communities that effectively manage water can gain a competitive edge.

Necessity of Reuse: As demand for water increases and sources become strained, water reuse and recycling are no longer optional—they are critical to sustainability.

Circular Economy Approach: Treating water as a “resource to be reused” fits well within the circular economy model, where the goal is to maximize the utility of resources—water being a prime example.

Plumbing’s Role in Water Efficiency

Plumbing Innovations: Advanced plumbing systems, such as low-flow fixtures, sensor-operated taps, smart water metering, and efficient pipe networks, are essential to both reduce water wastage and enable reuse.

Leak Detection and Prevention: Plumbing systems can be equipped with leak detection technology to prevent water loss, which accounts for a significant amount of water wastage in urban infrastructure.

Awareness and Best Practices: Plumbing professionals and the industry at large must play an educational role, in promoting water-efficient practices to the public and industries.

70 percent of communicable diseases spread through bad quality of water

Quambiant Global Grace Cancer Run 2024 held

Quambiant Global Grace Cancer Run 2024

Hyderabad, October 06, 2024…… Komatireddy Venkat Reddy, Minister for Roads, Buildings and Cinematography, Government of Telangana grace as chief guest at the prizes presentation ceremony at Quambiant Global Grace Cancer Run 2024.

Earlier Ms Jennifer Larson, Consular General US Consulate, Hyd; Sri VC. Sajjanar, IPS, MD TSRTC and Dr. Bart S. Fisher, IPS, Chairman, Give Life Foundation flagged off three different categories of runs—10K, 5K and 2K. A total of 20,000 people participated in the run.

Komatireddy Venkat Reddy along with other guests gave away prizes to the winners of “Quambiant Global Grace Cancer Run-2024”.

In the men’s 10K category, Mohit Chowdary stood first completing the 10K run in 33.22 minutes and earning Rs 12,500/- prize money. Bodupally Ramesh stood second by completing the run in 34.15 minutes and was awarded Rs 7500/- prize money and Ramesh Chandra came third by completing the run in 34.15 minutes and bagged Rs 5000/- prize money.

KOMATI REDDY

In the Women 10K run category Uma completed it in 40.41 minutes, Maheshwari in 42.45 minutes and Rajeshwari in 43.58 minutes and stood first, second and third and walked away with the prize money of Rs 12,500/-, 7,500/- and 5000/- respectively.

Speaking on the occasion the Minister appreciated the Grace Cancer Foundation and Dr Chinnababu for helping the poor by screening free of cost for cancer at their doorstep. It is a yeoman service. I am pleased to note that 20,000 have participated in the Hyderabad event, which may be the biggest in India as far as Cancer Awareness Runs are concerned. Also, I am happy to note that it is the world’s biggest cancer awareness run which is being organised in dual mode—both physical and virtual across 130 countries and well over one lakh participate in it.

Hyderabad is a health capital. 40 to 50% of drugs supplied to various countries are manufactured here. It is a Vaccine capital and health tourism hub. An event like this happening in such a happening city is praiseworthy. Early detection is the key to cancer treatment. We can save lives if diagnosed in the first or second stage. But, it will be difficult to save if diagnosed in advanced stages, the Minister said.

Health is wealth. Fitness is important for health. Everyone must take part in sports. Rightly our Chief Minister declared a Sports University in Hyderabad to encourage more and more to get into sports, he said. I am also a fitness freak. I get up at 4 am and run for 10kms every day except on Sundays, he shared and advised all to get fit.

The Congress Government initiated the Outer Ring Road in 2024. Now, the same Congress has started a Regional Ring Road, at a project outlay of Rs 30,000 crore. This will put Hyderabad on the world map for its infrastructure. The works of the same will begin in December, he said.

Kiran Tanuja, India’s first blade runner from Faridabad participated in the run. People from various walks of life and ages such as 3 years to 80 years participated in the run. The run was organized to raise funds for free cancer screening. Kiran said anything can happen in life. And don’t stop your efforts. Now with this blade, I run 21 kms. So believe in yourself, she said.

HYSEA, SCSC, CII, LIC and many other organisations supported the run. It was the 7th edition of the run. The run is planned to raise funds to deploy free cancer screening.

The run was organized with the theme “Run for Grace Screen for Life” disclosed by Dr. Chinnababu Sunkavalli, Senior Consultant Robotic Surgical Oncologist and the Founder of GRACE (Global Research and Cancer Education) Cancer Foundation.

The run was organised by GRACE Cancer Foundation, a Hyderabad-based non-profit organisation founded to alleviate the burden of cancer through education, early detection, treatment, rehabilitation, and cutting-edge research.

The objectives for the Run according to Dr. Chinababu are to make a meaningful impact on people’s lives by creating awareness about Cancer, to promote physical activity as a means to prevent and combat cancer in society and to help people lead active lifestyles and also to raise funds for screening the underprivileged right at their doorstep, for free.

Smart City Living Lab Unveils First Digital Twin for Water Network at IIIT-H in Collaboration with ZF

Hyderabad, September 26, 2024 – The Smart City Living Lab announces the launch of its innovative Digital Twin for water utility network. This project was initiated in collaboration with ZF Technologies, a CSR initiative five months ago, represents a significant advancement in smart city infrastructure management.

Ms.Anuradha Vattem, Chief Technology Architect mentioned that the idea of building a Digital Twin has been triggered when an MOU for establishing Centre of Excellence for Water (Water COE)with Hyderabad Metropolitan Water Supply and Sewerage Board(HMWSSB) last February and one of the problems discussed was the Digital Twin for Water and Sewerage Treatment Plant.

In continuation with that, the team started understanding and thinking on how Digital Twin can be applied and used for Utility networks like water. And ZF has facilitated and fuelled our idea in building the first Digital Twin for a water network in IIITH Smart City Living Lab.

In brief about the product, an area of water network in the Kohli research Block was identified where Different nodes (water quality, water flow, water level and motor control) were deployed. After extensive research into existing software options and exploring all possibilities, the team opted to develop its own software stack, tailored specifically for this project. It has used the standard stack used for smart city solutions (including the oneM2M interoperable layer).

The ZF Team is led by Mr. Krishnaswamy Jambunathan, Vice President and Head – of Tech Center India at ZF Group and Rakesh Mishra, Head Of Finance. has graced the official launch of the Digital Twin at the Campus. Mr. Krishnaswamy Jambunathan appreciated the team’s effort towards developing the platform.

The successful implementation of the Digital Twin technology has garnered immense satisfaction from the ZF Team. Today’s launch event marks the culmination of this collaborative effort and paves the way for wider adoption of this groundbreaking solution.

After the Launch, Mementoes were given to the team who worked on the Digital Twin Project as a token of appreciation.

Dr Deepak Gangadharan says “The Water Network Twin project with ZF is very timely, given the National initiative of Sangam Digital Twin by DoT. This demonstrates the commitment and expertise of IIIT-H in being one of the major contributors in the Digital Twin space for Smart City solutions”.

Following the launch, the Smart City Living Lab and ZF technologies teams engaged in discussions regarding the various activities to be planned as a part of the future collaboration. ZF team mentioned that they were happy with the progress made on the campus and are very much interested in working on more future collaborations.

Dr. Karthik Vaidhyanathan expressed that The biggest takeaway from this project has been in taking the concept of digital twin from lab to land thereby contributing towards the goal of sustainable smart cities. This experience has enabled our team to move towards the development of a platform that enables city stakeholders in building digital twins for different smart city use cases

Ms. Anuradha Vattem reiterated that this visit from ZF to the Smart City Living Lab proved fruitful and it marks the beginning of many more engagements with ZF in the coming years.

KIMS Hospitals, Hyderabad announces lease and operations and Management agreement with Sreechand Speciality Hospital, Kannur

Kannur, 12 September, 2024: Krishna Institute of Medical Sciences Hospital (KIMS), well known and large healthcare chain has entered into a lease and operations and management agreement with Sreechand Speciality Hospital situated in Kannur town, Kerala. The Hospital started operations in the year 2020. Hospital is currently functioning with 189 beds, 6 OTs and 1 Cath Lab. The agreement was entered into by KIMS through its wholly-owned subsidiary KIMS SWASTHA PRIVATE LIMITED.

The hospital will be rebranded as KIMS Sreechand Specialty Hospital and will be expanded into a 350-bed quaternary care unit with high end facilities across all departments with added focus on Transplants, Robotic Surgeries and Comprehensive Cancer Care.

Distinguished and efficient individuals will take charge of Kerala’s operations indicated the press note.

Dr Abhinay Bollineni, CEO of Krishna Institute of Medical Sciences Hospital opined that the management will be adding more such Asset Light Hospitals in Kerala.

Mr. Anup Kallalathil, Director, Sreechand Hospital expressed his happiness to be associated with a well renowned group like Krishna Institute of Medical Sciences Hospital.

Himalaya Kajal Unveils Festive Campaign with Kalyani Priyadarshan: A Celebration of Eyes and Tradition

Hyderabad, 10th September 2024: Himalaya Wellness is thrilled to announce its collaboration with popular South Indian actor Kalyani Priyadarshan for their Kajal, this Onam. As an integral part of a woman’s festive attire, kajal holds a special place in the hearts of women across Kerala. Kajal is more than just a cosmetic – it is a cultural icon in Kerala, symbolizing beauty, tradition, and the spirit of Onam celebrations. This collaboration with Kalyani Priyadarshan celebrates this timeless connection and brings a modern take to a cherished tradition.

Himalaya Wellnes_Onam Kajal Release (1)

In a captivating TVC featuring Kalyani Priyadarshan, we witness how Kajal transforms her eyes into a canvas of emotions, mirroring the joy, love, and spirit of the festival. Just as a smile lights up a face, Kajal brings a sparkle to the eyes, a silent language that speaks volumes letting your eyes tell the story of your celebrations with Himalaya Kajal.

The swipe of Kajal is often compared to a smile. Through this campaign, Himalaya invites you to give your eyes a reason to ‘Sm-eye-le’ since they believe that when your eyes smile, your face will. Himalaya Kajal is a 100% natural black, smudge-proof, and waterproof product enriched with almond oil, known for its nourishing properties, and damask rose, which cools and soothes the eyes giving the perfect festive-ready look.

Speaking on the collaboration, Ragini Hariharan, Marketing Director – Beauty & Personal Care, Himalaya Wellness, said, “Kajal has always been more than just a cosmetic product; it’s a symbol of tradition, beauty, and confidence for women. Eyes are such a critical part of your expression. Our approach is grounded in the concept of “sm-eye-le,” which highlights that when the eyes smile, the entire face brightens. By fostering this effect, we ensure the whole face radiates. This festive season, we are excited to bring the concept of ‘Sm-eye-ling’ to life through our association with Kalyani Priyadarshan. Her grace and charm perfectly align with our brand values, and we are confident that this partnership will resonate deeply with our audience in Kerala making Himalaya Kajal the go-to choice for festive makeup.”

Leading south Indian actress, Kalyani Priyadarshan, who is very excited about the association stated, “I’m thrilled to be part of this beautiful campaign with Himalaya. The linking of smiling eyes (sm-eye-ling) to a smiling face resonated deeply with me. Kajal has always been an essential part of our cultural attire and Onam traditions, and Himalaya being a brand close to so many of our homes and with its natural ingredients, made this association even more special.”

The Himalaya Kajal campaign featuring Kalyani has officially launched and will be seen across various platforms in Kerala. This campaign is crafted to connect with the women of Kerala, where Kajal is not just a beauty essential but a cultural tradition, deeply woven into the daily lives of everyday women, and celebrated as a timeless symbol of elegance and heritage. Himalaya Kajal is widely available across South India and in urban metros, ensuring that women everywhere can experience the natural, nourishing benefits of this trusted product.

Free Homeo Camp in Hyderabad to Address Fever Outbreaks

Free Homeo Camp

homeo1

Hyderabad, September 08, 2024: Free Homeo Camp is organised in the backdrop of the city being gripped with Dengue, Chikungunya, Malaria & Viral Fevers.

The top Experts from Allopathy & AYUSH will address the Prevention, Treatment & Post Fever Care etc. It will be held at the Federation House in Red Hills on 12th September at 4 pm.

There will be a Free Homeopathic Consultation & Medicine distribution by the Experts from the Govt Medical College from 2 pm to 5 pm on the same day.

Health-conscious people are urged to attend with their spouse.

5K Curtain Raiser for 13th NMDC Hyderabad Marathon: 8,000 Runners, 14 NGOs Join

Hyderabad, August 26, 2024: The 5K- Curtain Raiser” of the 13th Edition of NMDC Hyderabad Marathon powered by IDFC FIRST Bank was held at Hitex on Saturday morning, August 24, 2024.

marathona1

The 5K run organized by the Hyderabad Runners Society, India’s first institutionalised running group was flagged off by Mr Jayapal Reddy – Executive Director, Shri. Nirish Lalan

Head Branch Banking South, IDFC FIRST Bank, Abhijeet Madnurkar President of Hyderabad Runners and Dr. Madhumati Sanjay, Assistant Race Director, NMDC, Rajesh Vetsa, Race Director of Hyderabad Marathon 2024.

The 5K run was organised by the Hyderabad Runners Society, that was founded with the idea of helping people lead active lifestyles and making running a preferred form of fitness activity. The society is built on the three pillars of advocacy, training, and events. It promotes healthy living and community fitness through its unique training programs, partnering with diverse sections of society.

marathon4

8000 runners participated in today’s 5K – Curtain Raiser to the 13th edition of the NMDC Hyderabad Marathon powered by IDFC FIRST Bank informed Mr. Rajesh Vetcha, Race Director – NMDC Hyderabad Marathon 2024.

Several participants from 14 NGOs such as Amma Social Welfare Association, Blood Warriors, who support Thalassemia Children; Gift of Sight, Goonj, Alokit which supports the education of children in urban slums, Community Poor Water, Cardiac Rehab and others and raised awareness for their causes.

The children of Amm Society Welfare spread a thought-provoking message such as if you are tired of running, run with heart; “In both running and learning, progress comes one step at a time. The distance you cover today, builds the strength tomorrow” etc.

The main event, the Running Festival will be held tomorrow, August 25, 2 . Full and Half-marathons will be flagged off at 4.30 a.m. and 5.30 a.m. respectively at People’s Plaza, Necklace Road. The 10K run will also be flagged for tomorrow at 7 a.m. at Hitex, Madhapur, he added

Speaking on the occasion, Mr. Rajesh Vetcha said, “Hyderabad Runners Society is proud to lead the active lifestyle movement and the 13th edition of the Marathon is a step in that direction with the World Athletics Basic Label placing it on the international running calendar. This year, we have seen a growth in the number of participants to about 25,500, coming from almost 30 states and UTs as well as international Elite Athletes participation. We are eager to make them experience world-class race facilities on this World Athletics Label Race. The Prize money across all categories is about ₹48 lakhs”.

5-Year Price Surge – Top 7 Cities See 45% Hike, Some Markets Over 90%

Mumbai, 26 August 2024: Residential prices have been rising significantly across cities in the last few years, amid buoyant demand and increased new supply. ANAROCK Research has analysed the price trends in the top 3 micro-markets of the top 7 cities, based on maximum new supply seen in the last 5 years.

Among the shortlisted localities, Bengaluru’s Bagaluru recorded the highest price appreciation of 90% between 2019 and H1 2024.

Anuj Puri

”With new supply of approx. 17,065 units in the period, the average residential prices at Bagaluru jumped up from INR 4,300 per sq. ft. in 2019 to approx. INR 8,151 per sq. ft. in H1 2024,” says Anuj Puri, Chairman – ANAROCK Group. “A deeper dive reveals that of the total new supply launched in this micro market since 2019, over 94% was in the price bracket of INR 40 lakh to INR 1.5 Cr – the mid and premium segments. The remaining 6% was in the luxury segment priced >INR 1.5 Cr. Tellingly, there was no new affordable supply in this locality.”

Hyderabad’s Kokapet came close behind with overall price appreciation of 89% in this period. The area saw approx. 12,920 units of new supply in the period, and prices rose from INR 4,750 per sq. ft. in 2019 to INR 9,000 per sq. ft. in H1 2024. A whopping 52% of the new launch share was in the ultra-luxury category priced >INR 2.5 Cr, followed by a cumulative 30% in the mid and premium segments. The remaining 19% supply was in the luxury price bracket of INR 1.5 – 2.5 Cr.

Bengaluru’s Whitefield ranks 3rd, recording an 80% rise in residential prices in the period. The area witnessed saw approx. 18,600 units launched between 2019 and H1 2024 – over 66% was in the mid and premium budget category, and the remaining 34% was in the luxury homes segment. Average prices here increased to INR 8,600 per sq. ft. in H1 2024 from INR 4,765 per sq. ft. in 2019.

  • NCR’s Dwarka Expressway ranks 4th with a 79% price appreciation. Avg. prices increased from INR 5,359 per sq. ft. in 2019 to over INR 9,600 per sq. ft. in H1 2024.
  • Bengaluru’s Sarjapur Road clocks in at #5 with a 58% price jump. Avg. prices here rose from INR 5,870 per sq. ft. in 2019 to INR 9,300 per sq. ft. in H1 2024.
  • Hyderabad’s Bachupally came in 6th with avg. property prices increasing by 57% in the period – from INR 3,690 per sq. ft. in 2019 to over INR 5,800 per sq. ft. in H1 2024.
  • Hyderabad’s Tellapur ranks 7th with a 53% jump in avg. property prices in this period – from INR 4,819 per sq. ft. in 2019 to INR 7,350 per sq. ft. in H1 2024.
  • MMR’s Panvel ranks 8th with a 50% price rise in the period – from INR 5,520 per sq. ft. in 2019 to INR 8,300 per sq. ft. in H1 2024.
    NCR’s New Gurugram – in the 9th spot – saw avg. property prices rise by 48% – to INR 9,000per sq. ft. in H1 2024 from INR 6,100 per sq. ft. in 2019.
  • MMR’s Dombivli saw a 40% price rise in this period – from INR 6,625 per sq. ft. in 2019 to INR 9,300 per sq. ft. in H1 2024.

“Housing price growth accelerated after the pandemic, particularly if we consider the last two years,” says Puri. “As per our data, the top 7 cities collectively saw over 44% of price appreciation in the last five years. At a city level, Hyderabad recorded the highest jump of 64% between 2019 and H1 2024, followed by Bengaluru with a 57% increase. The lowest price growth of 25% was seen in Kolkata. NCR and MMR both witnessed a 48% price appreciation each in this period.”

The commonly held notion that high new supply in a market tends to curtail price growth is not entirely true; many of these active residential micro-markets have seen significant price appreciation over the last five years. For instance, Greater Noida West in NCR – which has the 5th highest supply in the region in last five years – saw a whopping 129% price appreciation.

 10 Micro-markets for New Supply – MMR’s Dombivli Leads

The past five years have seen a massive infusion of new supply across the top 7 cities – more than 16,32,650 units between 2019 and H1 2024. City-wise, MMR witnessed the highest supply with approx. 5,25,430 units in this period, followed by Pune with over 2,95,550 units. In terms of micro-markets, MMR’s Dombivli remained the most active market in this period, with the highest new supply.

  • Dombivli (MMR) ranks first on the list of the most active residential micro-markets in terms of the number of new units launched in this 5-year period. It saw more than 44,990 new unit launched since 2019, with average property prices hovering around INR 9,300 per sq. ft. on built-up area as of H1 2024 – a 40% increase. At least 77% of the new supply was in the INR 40 lakh to INR 1.5 Cr price bracket, and the remaining 23% in the affordable category.
  • Sarjapur Road (Bengaluru) saw the second highest new supply of approx. 36,150 units, of which 74% was in the mid and premium segments and 18% in the luxury category. Just 8% was affordable housing.
  • Panvel (MMR) saw 34,400 units added in the period, of which 64% was in the INR 40 lakh to INR 1.5 Cr price bracket, 32% in the affordable segment, and 3% within the INR 1.5 Cr to INR 2.5 Cr price band.
  • Thane West (MMR) ranks 4th with approx. 34,020 new units added with the average price at INR 13,500 per sq. ft. as of H1 2024 (from INR 10,317 per sq. ft. in 2019) – a 34% price hike. Of the total new supply here, 77% was in the mid and premium segments, 21% in the >INR 1.5 Cr bracket, and just 2% in the affordable category.
  • Greater Faridabad (NCR) came in 5th with approx. 32,740 units launched in the period. At least 56% was in the affordable category, 24% in the luxury price bracket, and the remaining 20% in the mid and premium segments. Average property rates here rose from INR 3,500 in 2019 to INR 4,700 per sq. ft. in H1 2024 – a 34% jump.
  • Hinjewadi (Pune) came in 6th with new supply of 25,140 units between 2019 to H1 2024; a whopping 95% was in the mid and premium segments (INR 40 lakh to INR 1.5 Cr), just 4% in the affordable segment, and 1% in the luxury category. The area has seen prices appreciate by 39% in the last five years.
  • New Gurugram (NCR), clocking in 7th, saw approx. 21,125 units launched in the period – 52% in the affordable category, 29% in the luxury segment, and 19% in the mid and premium segments. Average prices here rose by 48% in the last five years – from INR 6,100 per sq. ft. in 2019 to INR 9,000 per sq. ft. in H1 2024.
  • Dwarka Expressway (NCR) ranks 8th with approx. 20,250 units launched between 2019 to H1 2024, of which over 55% was in the affordable category priced INR 1.5 Cr bracket.
  • Whitefield (Bengaluru) ranks 10th with approx. 18,600 units launched, of which 66% was in the mid and premium segments and 34% in the luxury category. There was no new affordable housing supply here.