25 Jun 2024

Vashi Public Hospital in Navi Mumbai has emerged as a frontrunner in adopting the Ayushman Bharat Digital Mission (ABDM), a government initiative aimed at revolutionising healthcare access and efficiency through digital tools. Mr. Dipti Gaur Mukherjee, CEO of the National Health Authority (NHA), recently visited the hospital to witness demonstrations of key functionalities such as Abha App Registration, Instant Token Generation, and Quick Retrieval of Medical Records. Dr. Kailas Shinde, Commissioner of the Navi Mumbai Municipal Corporation (NMMC), announced plans to computerise all hospital operations, highlighting benefits like reduced waiting times, improved care coordination, and portability of medical records. Mr. Mukherjee commended the NMMC's efforts and expressed support for further ABDM expansion. The visit also showcased Navi Mumbai's environmental initiatives, emphasising a holistic approach to a healthier future.Read more

24 Jun 2024

Whitefield, a rapidly developing IT and residential hub in eastern Bangalore, has become a prime real estate destination. With its robust infrastructure, excellent connectivity, and abundant social amenities, Whitefield attracts professionals and families seeking a comfortable lifestyle amidst the growing tech ecosystem. In May, Carmel Heights led the real estate market with the highest number of deals, followed by Prestige Palms and Amrutha Heights. The locality offers diverse housing options, from luxury apartments to budget-friendly choices, catering to a wide range of preferences and budgets. Whitefield's thriving real estate market underscores its appeal as a vibrant and sought-after locality.Read more

24 Jun 2024

Navi Mumbai Municipal Corporation (NMMC) honours Rajarshi Chhatrapati Shahu Maharaj's 150th birth anniversary with a special lecture on his educational vision. Abhijit Kamble, BBC Marathi Editor, will discuss Shahu Maharaj's pioneering reforms in free and compulsory education, particularly for women. The event, part of NMMC's "Vicharvedh" series at Dr. Babasaheb Ambedkar Memorial Auditorium, Sector 15, Airoli, aims to highlight Shahu Maharaj's legacy and his belief in education as a catalyst for societal progress. Open to the public, the lecture starts at 6:30 pm, offering attendees an insightful tribute to a visionary leader's enduring impact.Read more

24 Jun 2024

The Mumbai Metropolitan Region Development Authority (MMRDA) has clarified that recent cracks found on the Mumbai Trans Harbour Link (MTHL) bridge are limited to the approach road from Ulwe towards Mumbai. Discovered during a routine inspection on June 20th, 2024, these minor asphalt surface cracks pose no threat to the main bridge structure. Repairs by contractor M/s Strabag are underway and expected to conclude within 24 hours, ensuring no traffic disruptions. The MMRDA reaffirms its dedication to the safety and quality of the MTHL project through ongoing inspections and prompt maintenance.Read more

21 Jun 2024

Mumbai's office market is ablaze with activity following IMC Securities' record-breaking lease deal at INR 700 per square foot in Bandra Kurla Complex (BKC). The lease, signed for Maker Maxity 4 North Avenue, underscores BKC's status as Mumbai's premier business district, rivaling global hubs like New York City. This deal coincides with the entry of Wall Street giants into India, drawn by the booming derivatives market. Mumbai's Grade A office rents have surged 6% to INR 136 per sq ft, reflecting robust demand. With over 2.3 million sq ft absorbed recently, Mumbai's commercial real estate outlook remains bullish amidst strong investor confidence and ongoing infrastructure developments.Read more

21 Jun 2024

Goa is transforming from a retirement haven to a hotspot for young professionals and digital nomads, fueling growth in its second home market. Savills India reports high demand for spacious villas in gated communities, with properties ranging from 2,000 to 4,000 sq. ft. Investors are attracted by rental yields of 5-8% and significant capital appreciation, with Grade A villas seeing a 22% price increase in Q2 2024. Popular locations include Assagaon and Siolim. Savills India's Goa Home Fest 3.0 offers a platform for buyers and sellers, featuring both coastal and inland properties, including historic Portuguese homes.Read more

21 Jun 2024

The Navi Mumbai Municipal Corporation (NMMC) has adjusted its water supply schedule due to insufficient rainfall in the Morbe Dam catchment area. With only 99 mm of rainfall so far, the dam level has dropped to 68.95 meters. To manage resources responsibly, the NMMC will provide morning water supply daily, while evening supply will be limited to four days a week per area. This revised plan aims to ensure equitable distribution across Navi Mumbai. The NMMC urges residents to conserve water, emphasizing responsible usage to address the current water scarcity and maintain a balanced supply.Read more

20 Jun 2024

Amazon is significantly expanding its presence in Bengaluru, leasing over 1.1 million square feet of office space from Sattva Group. Located at Sattva Horizon business park near Bengaluru International Airport, the new 11-story building will accommodate over 7,000 employees and be operational by mid-2025. This lease follows Amazon's other major property deals in India, securing over 1.45 million square feet across Bengaluru, Gurugram, and Hyderabad. Additionally, Amazon Web Services plans a USD 12.7 billion investment in Indian cloud infrastructure by 2030, emphasizing the company's long-term commitment to India's digital and economic growth.Read more

20 Jun 2024

PNB Housing Finance's board is considering issuing non-convertible debentures (NCDs) worth up to INR 10,000 crore. This move underscores the increasing reliance on NCDs in India's housing finance sector. NCDs provide companies with capital without diluting equity, appealing for expansion and growth. Recently, Indiabulls Housing Finance raised INR 200 crore, while LIC Housing Finance and Can Fin Homes also leverage NCDs. For PNB Housing Finance, the successful issuance could mean more competitive home loan rates, broader product offerings, and improved operational efficiency. This strategic initiative highlights the sector's shift towards NCDs for sustainable financial growth.Read more

20 Jun 2024

Santacruz East, a vibrant neighborhood in Mumbai's western suburbs, is known for its diverse population and robust infrastructure. Home to educational institutions, hospitals, and shopping complexes, it offers a blend of urban convenience and pockets of greenery. The area has seen significant real estate growth, with high-rise developments catering to various buyer preferences. In May, Atmiya Centria Phase 2 led real estate activity, followed by transactions in Prabhat Residency and Navratnamala Apartment. Prices ranged from INR 65 lakhs to INR 7.6 crores, reflecting the locality's appeal to both value-conscious and high-end buyers. With excellent connectivity and a dynamic community, Santacruz East continues to attract families and professionals.Read more