Maharashtra - Business News Week

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Zomato celebrates Ganesh Utsav

Sep 9, 2024 by Sujata 0 Comments #Ganesh Chaturthi, #Maharashtra, #Zomato

9th September 2024: As Maharashtra celebrated Ganesh Chaturthi with traditional fervor, Zomato witnessed a surge in demand for festive delicacies and offerings, reflecting evolving consumer preferences during this festive season.

Option to order ‘Bappa cha prasad’ was available on the app: A new feature was rolled out to allow customers to order prasad from the top mandals in Mumbai & Pune.
Dagdusheth Halwai trust’s prasad was delivered along with the local renowned mandals of the city. On the day of Ganesh Chaturthi, 2K boxes of prasad were delivered within a couple of hours of go-live.
Modak sales soared like never before: Sales for modak picked up 2 days before Ganesh Utsav, Zomato recorded 50K searches of modak on 6th September, rising to 125K on 7th September.
On the day of Ganesh Chaturthi, 58 modak boxes were sold every minute.
To align with the tradition of purchasing modak in auspicious quantities, modak boxes of 11 and 21 were featured from its restaurant partners. 10+ types of most popular modak were available. Ukadiche Modak stole the show in Maharashtra with 39% of total Modak sales.
A customer from Mumbai placed an order for 42 modak boxes costing ₹11,352 on the day of Ganesh Chaturthi.

What else did Maharashtra eat on Ganesh Chaturthi:

Highest growth was seen in mithai and sweets with Mithai restaurants witnessing an all-time high of orders with 240% growth over a usual day.
One brand in Mumbai grew nearly 10X on Chaturthi day. Most popular snack was pav bhaji, few short of 10k were sold, followed by samosa and vada pav.

business

Pune Home Sales Soar 50% YoY in June; Average Prices Reach All-Time High: Square Yards

Aug 12, 2024 by Mansi 0 Comments #Maharashtra, #Pune, #Real e state market, #Square Yards

Pune, Maharashtra, August 12, 2024 – Pune’s real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards. The number of transactions registered with the IGR between April and June 2024 reached 39,961, up from 26,629 during the same period last year.

Pune Real Estate Summary – Q2 2024 (April-June)

Q2 2023

Q1 2024

Q2 2024

QoQ

YoY

Registered Real Estate Transactions

(No. of units)

26,629

57,105

39,961

-30%

50%

Of the total registered transactions in Pune, 20,190 were residential, amounting to a registered sales value of Rs. 13,995 crore, marking a 3% annual increase. Correspondingly, the average registered home sales value reached an all-time high of Rs. 69 lakh in the second quarter of 2024, recording a robust 17% year-over-year growth. This shift highlights a strong preference among homebuyers for high-end and premium properties, driving the average sales value to a new high.

Pune Residential Summary – Q2 2024 (April-June)
	Q2 2023	Q1 2024	Q2 2024	QoQ	YoY
Registered Sales Value (GTV) (Rs. crore)	13,637	17,837	13,995	-22%	3%
Average Registered Sales Value (Rs. crore)	0.59	0.66	0.69	5%	17%

“Pune continues to stand out as one of India’s top-performing cities, second only to Mumbai MMR,” says Suhas Paithankar, Associate Principal Partner, Square Yards. “The June quarter’s data highlights a healthy 17% annual increase in the average registered sales value, reaching an all-time high of Rs. 69 lakh. This underscores a robust demand for premium homes, fueled by rising employment opportunities, increased disposable incomes, and a shift towards aspirational lifestyle.”

He added, “Looking at the historical data trends of Pune, the second quarter is anticipated to give way to heightened residential activity in the latter half of the year driven by upbeat homebuyer sentiments owing to the upcoming Ganpati and other festivals.”

The share of residential transactions for properties priced between Rs. 50 lakh–1 crore rose to 39% in the June quarter, up from 36% during the same period the previous year. Additionally, transactions for properties priced between Rs.1–2 crore nearly doubled, increasing to 14% from 9% year-on-year. Properties within the 500–1,000 sq.ft. range continue to dominate, representing 62% of all transactions as 1 BHK followed by 2 BHK remain most preferred configuration amongst homebuyers.

Pune – Area-wise Residential Transactions Q2 2024 vs Q2 2023 (April-June)			Pune – Budget-wise Residential Transactions Q2 2024 vs Q2 2023 (April-June)
Area (in sq.ft.)	Q2 2023	Q2 2024	Budget	Q2 2023	Q2 2024
Below 500 sq.ft.	27%	22%	Below INR 50 lakh	53%	44%
500–1000 sq.ft.	62%	62%	INR 50 lakh–1 crore	36%	39%
1000–1500 sq.ft.	8%	12%	INR 1–2 crore	9%	14%
1500–3000 sq.ft.	2%	3%	INR 2–3 crore	1%	2%
Above 3000 sq.ft.	1%	1%	Above INR 3 crore	1%	1%

Micro Market Performance

Pimpri Chinchwad and the Western suburbs continue to dominate residential market activity, particularly the localities along the Mumbai-Pune Expressway and NH-48. These micro-markets collectively accounted for 67% of overall registered transactions and 64% of sales value in the June quarter.

The highest average transaction value was recorded in Pune’s central suburbs at Rs. 1.08 crore, followed by the western micro-market at Rs. 88 lakh, driven by the extensive presence of IT companies. In contrast, Pimpri-Chinchwad remains an affordable alternative with an average transaction value of Rs. 56 lakh. This coupled with good connectivity via NH-48 has added to the popularity of this micro-market.

Pune Residential Micromarket Summary – Q2 2024 (April-June)
Micromarket	Registered Residential Transactions (No. of units)	Registered Home Value (Rs. crore)	Average Registered Home Sales Value (Rs. crore)
Overall Pune	20,190	13,995	0.69
Pimpri-Chinchwad	9,240	5,168	0.56
Pune West	4,270	3,755	0.88
Pune East	3,754	3,101	0.83
Pune South	2,443	1,449	0.59
Pune Central	483	522	1.08

Localities such as Wagholi, followed by Ravet, Punawale, and Tathawade led in total registered residential transactions in Q2 2024. In terms of registered sales value, Wagholi and Baner took the lead, with properties worth Rs. 991 crore and Rs. 679 crore sold during the June quarter.

Market Leaders and Key Projects

VTP Realty retained its top position in both total registered transactions and sales value. Their project, VTP Verve in Sus, stood third on the list of projects with the highest number of registered transactions and second on the list for sales value. Kolte Patil Developers followed closely, with substantial contributions from their project Life Republic in Hinjewadi. Godrej took the third spot, with Godrej Urban Retreat performing strongly in terms of transactions and sales value. Lodha’s project, Lodha Giardino in Kharadi, led in registered transactions value.

Top Developers by Registered Home Sales Value Pune Q2 2024 (April-June)
Rank	Developers	Registered Home Sales Value (Rs. crore)	Top Projects by Registered Home Sales Value
1	VTP Realty	525	VTP Verve, VTP Dolce Vita
2	Kolte Patil Developers	393	Kolte Patil Life Republic
3	Godrej Properties	352	Godrej Urban Retreat
4	Lodha Group	346	Lodha Giardino
5	Kumar Properties	199	Kumar Parc Residences, Kumar Palmspring towers
6	Krisala Developers	165	Krisala 41 Luxovert
7	Nyati Group	160	Nyati Equinox, Nyati Emerald
8	Pristine Properties	142	Pristine O2 World
9	Rohan Group	139	Rohan Leher, Rohan Anand
10	Pride Purple Group	124	Park Titan

Top Developers by No. of Registered Residential Transactions Pune Q2 2024 (April-June)
Rank	Developers	Registered Residential Transactions (No. of units)	Top Projects by No. of Registered Residential Transactions
1	VTP Realty	573	VTP Verve, VTP Dolce Vita
2	Kolte Patil Developers	422	Kolte Patil Life Republic
3	Godrej Properties	402	Godrej Urban Retreat
4	Lodha Group	315	Lodha Giardino
5	Kumar Properties	260	Kumar Parc Residences, Kumar Palmspring towers
6	Krisala Developers	202	Krisala 41 Luxovert
7	Nyati Group	180	Nyati Equinox, Nyati Emerald
8	Pristine Properties	170	Pristine O2 World
9	Rohan Group	165	Rohan Abhilasha, Rohan Ekam
10	Goel Ganga Group	147	Ganga New Town, Ganga Amber

New Launches

According to Square Yards, a total of 16,783 units were launched in Pune during the June quarter, spanning 177 projects and covering nearly 15 million square feet. Pimpri Chinchwad dominated Pune’s residential new supply, accounting for 47% of the total units launched in Q2 2024. The presence of an IT hub, connectivity via NH-48, and the availability of land parcels have attracted many developers to this micro-market.

Pune Residential New Supply Summary – Q2 2024 (April-June)
Micromarket	Total Launched Inventory (No. of units)	Total Launch Projects	Total Launch Area (Million sq.ft.)
Overall Pune	16,783	177	14.9
Pimpri Chinchwad	7,084	63	7.0
Pune West	3,935	38	3.2
Pune Central	396	20	0.4
Pune East	3,062	19	2.5
Pune South	1,094	15	1.1
Rest of Pune	1,212	22	0.6

Square Yards’ insights suggest that both local and national developers are experiencing successful project launches in Pune. The city’s diverse offerings in the mid-to-high segment cater to a wide range of buyers, ensuring sustained growth. With the festive season approaching, residential activity is expected to accelerate in the latter half of the year.

business

Adani Foundation Enhances Agricultural Sustainability in Dhakori with Cement Nala Bund at ACC Chanda Site

Aug 7, 2024 by Mansi 0 Comments #ACC Chanda Site, #Adani Foundation, #Dhakori, #Maharashtra

Maharashtra, 7 August 2024: ACC Limited, the cement and building material company of the diversified Adani Portfolio, along with the Adani Foundation are committed to sustainable water resource development and management. Through CSR efforts, the Company has recently completed the construction of a Cement Nala Bund (CNB) in Dhakori village near its ACC Chanda plant. This significant project aims to address water scarcity and promote sustainable agricultural practices in the region.

ACC CNB Dhakori (1)

Dhakori village, located in the Wani Block of Yavatmal, Maharashtra, has historically faced water availability challenges, impacting agricultural productivity and the overall life of locals. The newly constructed CNB in Dhakori boasts an impressive percolation capacity of up to 24,000 cubic metres during a single overflow event, significantly enhancing the village’s water storage capacity. The CNB provides regular water supply to approximately 220 acres of irrigation area, benefiting around 100 farmers.

This initiative contributes to increasing groundwater levels, supporting agricultural productivity, and fostering socio-economic development within the communities of the region. Furthermore, a more secure water source enables farmers to diversify their crops and increase yields, thereby improving food security and livelihoods.

ACC and the Adani Foundation are dedicated to achieving sustainable development and inclusive growth in the communities where they operate, by supporting the conservation and efficient use of precious resources such as water.

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Schneider Electric collaborates with Water Resources Department, Maharashtra for Efficient Water Management

Jul 31, 2024 by Mansi 0 Comments #Maharashtra, #Schneider Electric, #Water Resources Department

Mumbai (India), 31th July 2024: Schneider Electric, the leader in the digital transformation of energy management and automation, recently announced its collaboration with Water Resources Department, Maharashtra to sensitize officials on modernizing water and wastewater (WWW) management using the latest digital technologies. This partnership is a continuation to Schneider Electric’s support to the Ministry of Jal Shakti’s efforts to accelerate the technology adoption for sustainable water management in India.

India, a country grappling with a staggering ~40% water loss due to leaks, is confronting significant strain on its water table, posing a threat to its economic advancement. In response to this pressing challenge, Schneider Electric has made its mission to confront the complexities of water management and address the urgent need for fostering sustainability, efficiency, and resilience in the water sector.

With this strategic partnership with the Government of Maharashtra, Schneider Electric has reaffirmed its commitment to championing responsible water management. As part of this collaboration, the company aims to drive awareness among stakeholders, encouraging the adoption of innovative digital technologies to elevate efficiency, productivity, and sustainability in water management processes.

Schneider Electric’s end-to-end IoT platform, EcoStruxure, offers real-time data, analytics, and professional services to increase water consumption efficiency, decrease leaks, and optimize water distribution. EcoStruxure also offers advanced diagnostics and seamless IT/OT integration to future-proof operations.

The event was attended by key dignitaries including Sanjay Khandare, IAS, Principal Secretary, Water Supply & Sanitation Department, Government of Maharashtra, Sanjay Belsare, Secretary, Project Coordination, Water Resources Department, Government of Maharashtra and Aman Mittal, IAS, Deputy Secretary, Water Supply & Sanitation Department, Government of Maharashtra. These dignitaries gathered to discuss the pressing need to embrace digital technologies in the facilitation of a more sustainable water network.

“Integrating digital solutions into water management practices can lead to more efficient, resilient, and sustainable use of water as well as energy resources, thereby addressing the growing challenges posed by factors such as population growth, urbanization, and climate change”, said Sanjay Belsare, IAS, Secretary- CAD, Water Resources Department, Government of Maharashtra.

Emphasizing the significance of digital solutions for effective water management during a keynote address Aman Mittal, IAS, Deputy Secretary, Water Supply & Sanitation Department, Government of Maharashtra suggests a creation of mass awareness about the true potential of digital technologies, that is critical to address issues related to water resources. Digital solutions encompass various technologies such as data analytics, IoT (Internet of Things) sensors, remote monitoring systems, and predictive modelling algorithms. AI and machine learning algorithms can analyse water-related data to improve water distribution, predict droughts or floods, and make better water management decisions. Drone images and remote sensing could help map traditional water bodies, assess their health, and identify replenishment or restoration needs. Also, Chatbots and solutions built around them could serve as virtual water conservation aides, offering personalised advice and raising awareness about the judicious use of water and resources.

Addressing the gathering on the occasion, Mr. Arvind Kakru, Vice President – Industrial Automation, Greater India at Schneider Electric, said, “At Schneider Electric, we strongly believe that India’s journey toward water conservation and innovation is crucial for realizing its developmental aspirations. The significance of water in our progress cannot be overstated, and the impact of leakage on our water resources and energy usage cannot be ignored. Water conservation directly translates to energy conservation and secures our future. Through our collaboration with Water Resources Department, Maharashtra, Schneider Electric is committed to engaging stakeholders in breaking the cycle of waste and establishing a circular system for efficient energy and water management. Together, we are dedicated to maximizing the value of every drop, driving innovation to combat energy and water wastage, and paving the way for a more sustainable future.”

Schneider Electric has also collaborated with the Ministry of Jal Shakti to prepare a skill development program that empowers eco-warriors to become proficient in using next-gen technology. The curriculum focuses on technologies in water governance, efficient operations, management of water and wastewater treatment plants, sustainable water management, technology for water conservation, and efficient desalination processes using digital technologies.

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Mondelez India, NSDC Launch Youth Skilling Program in MP & Maharashtra on World Youth Skills Day

Jul 16, 2024 by Mansi 0 Comments #Dr. Archana Patankar, #Maharashtra, #Mondelez India, #MP, #Ms. Ophira Bhatia, #World Youth Skills Day

India, July 16, 2024: Mondelez India, in collaboration with National Skill Development Corporation (NSDC), has commenced a youth skilling program at two skill development centres in Bhind, Madhya Pradesh, and Pune, Maharashtra, in observance of World Youth Skills Day.

This endeavour builds upon the Memorandum of Understanding (MOU) signed between Mondelez India and NSDC in November 2023, aimed at empowering 660 young people across Pune and Bhind. The initiative is an extension of Mondelez India’s national CSR program, Shubh Aarambh, which has positively impacted the lives of 100,000 beneficiaries over the last ten years through various initiatives, including youth skilling.

JOY

Ms. Ophira Bhatia, Senior Director, India & Lead, India & Lead, Asia Pacific, Middle East and Africa, Corporate & Government Affairs – Mondelēz International, stated, “Over the decade, through Shubh Aarambh, our national CSR program, we have empowered nearly 1000 young individuals with our youth skilling programs. The commencement of the youth skilling program at Bhind and Pune, in collaboration with NSDC, marks a significant stride in our continuous endeavour to empower India’s youth. Through our association with NSDC and leveraging expert partnerships, we aim to provide training and unlock avenues to real career prospects. Our objective is to foster a sustainable positive impact by equipping young people with the necessary skills to thrive in today’s job market and contribute to their local economies.”

Sharing her insights on the initiative, Dr. Archana Patankar, Vice President, Research & Impact, NSDC stated, “On World Youth Skills Day, we are proud to celebrate the commencement of our youth skilling programs at our two skilling centers in Bhind and Pune, in collaboration with Mondelez India. This initiative reflects our commitment to equipping young individuals with industry-relevant skills, enhancing their employability, and contributing to local economies. By providing targeted training in key sectors such as management, hospitality, retail, IT-ITeS, and logistics, we are bridging the skills gap and opening doors to meaningful career opportunities. Together, we are building a future-ready workforce that can thrive in a dynamic global market.”

The candidates will be trained in sectors such as management, hospitality & tourism, retail, IT-ITeS, and logistics, that have been identified based on job assessments and skill related demands from local industries and job markets. In Bhind, more than 300 candidates will receive training for roles in security, retail, front office, etc. Simultaneously, in Pune, over 300 candidates will receive training for roles in office, documentation, customer care, etc.

The training will encompass Short-Term Training (STT) using Qualification Pack (QP)- led training modules specifically designed for the job roles in the identified sectors. The candidates will receive training in soft skills and skill orientation on respective job roles, tools, and work methodology. It will be followed by assessment, certification, and connecting the candidates to employment opportunities.

The project will leverage NSDC’s skilling ecosystem, which includes training partners, assessment partners, and others. The training partners will be responsible for mobilising youth, forming and initiating training batches, setting up training premises, conducting training modules, facilitating third-party assessments, and organising placement drives for certified candidates.

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Apraava Energy’s Solar-Based Community Initiatives Light Up Close to 60,000 Lives in India

Jun 6, 2024 by Gayathri Pariti 0 Comments #Apraava Energy, #Apraava Energy’s Solar, #Dr. Priyesh Modi, #India's leading integrated energy solutions provider, #Madhya Pradesh, #Maharashtra, #Solar-Based Community

National, June 06, 2024: Apraava Energy, India’s leading integrated energy solutions provider, has positively impacted close to 60,000 people from disadvantaged communities across India through its five-year-long solar development program. With people and planet at its core, these initiatives have been implemented in partnership with SELCO, in close to 40 villages and reduced over 130 tonnes of CO2 emissions every year which is equivalent to planting 6500 trees per year.

From enhancing the safety of young girls in schools to electrifying healthcare centres and creating employment opportunities for differently abled individuals and women, these community interventions have ensured all-round development.

Below are the key highlights of the impact on the community through Solar Solutions across five states including Maharashtra, Madhya Pradesh, Karnataka, Haryana, and Telangana:

Solar lighting installations in villages and schools have provided a sense of safety and security to the people, whether moving about in the evenings or protecting themselves from venomous creatures such as snakes and scorpions.
Solar electrification in primary health centres has ensured uninterrupted functionality of essential facilities such as labour rooms, baby warmers, and vaccine cold supply chains.
E-Shala, solar-based fans, and lighting have enhanced access to and the quality of pre-primary education (Anganwadi) in rural areas.
Digital education kits have enhanced the quality of learning and increased enrolment.
Interactive learning tools with curated educational content have benefited teachers.
Solar-powered appliances such as fridges, copiers, scanners, printers, and roti-rolling machines have created employment opportunities for differently abled individuals and women.

Commenting on the success of the initiatives, Dr. Priyesh Modi, Head of Corporate Social Responsibility at Apraava Energy, said, “We are proud to bring our core value of sustainability through responsibility into action by creating solar-powered solutions for the communities that reside around our operations. These interventions have not only focused on all-round community development, but also helped reduce significant greenhouse emissions. Apraava remains committed to working with the communities to address their needs and contribute to building a sustainable future for India.”

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Juniper Green Energy Inks Power Purchase Agreement With Tata Power for Wind -solar Hybrid Power Project in Maharashtra

Apr 23, 2024 by Sujata 0 Comments #Juniper Green Energy, #Maharashtra, #Wind -solar Hybrid Power Project

Delhi NCR, 23rd April 2024: Juniper Green Energy has inked Power Purchase Agreement (PPA) with Tata Power for the development of 85 MW wind-solar hybrid power project in Maharashtra.

This project is the first wind-solar hybrid power project for the company and will utilize both wind and solar resources by combining 51 MW of wind energy and 34 MW of solar power.

The project is expected to generate a total of 215 MUs of electricity per year. Together, they are projected to offset the state’s carbon emissions by approximately 200,455 tonnes of CO2 annually. Additionally, they will collectively contribute to the electrification of about 42,753 households, advancing the region’s shift toward more sustainable energy solutions.

business

Chaiops opens another outlet in Maharashtra, at Nagpur

Jun 16, 2022 by Praveen 0 Comments #Chaiops, #Maharashtra, #Nagpur

Chaiops- a Delhi based tea café chain best known for it’s Kulhad Chai & Kulhad Pizza brings another outlet in the state of Maharashtra in Shop No. 5 Mughal Complex, Mangalwari Bazar Rd, Sadar, Nagpur, Maharashtra 440001. The city showered so much love during the grand opening of the outlet & received positive feedback from all the customers who loved the taste of Kullad Chai & Kullad Pizza which was being served at the opening.

Mr. Jeetendra Motwani, the Franchise Outlet Owner says, “I am extremely delighted to see the responses of the citizens of Nagpur during the launch of the Outlet. They are loving what Chaiops is offering them at such a viable price. I am glad to have this opportunity & want to thank Mr. Nitin & Mr. Satvir, Co-Founder, Chaiops for all the support.”

Chaiops is always looking for new opportunities to break the established protocols & bring about changes that improves & excites people’s life. In the country with strong Chai culture, Chaiops brings to you 50+ organic flavorful teas & looking at the blistering heat, the brand has also launched summer special beverages like mojitos & mocktails to give respite from the heat. Mr. Nitin & Mr. Satvir, Co-Founder, Chaiops, aims to have its presence in every city of India in the coming years, they look forward to spreading happiness, generating at least thousand’s of employment opportunities & helping pottery makers in India till March 2023.

Started with the first outlet in Gurugram to more than 50+ outlets across India, the brand has been successfully welcomed by many cities & is on the mission to cover many other regions. They are promptly growing every month & to strengthen the brand portfolio, Chaiops plans to open 200+ outlets till March 2023. The brand has entered the International Market & targets to expand Chaiops in 6 countries which is Maldives, Nepal, Bangladesh & UAE to name a few. They are available in 50+ cities, including, Dehradun, Hyderabad, Gwalior, Mumbai, Gurugram, Shillong, Ahmedabad & others.

Tag: Maharashtra