Grohe Hurun India Real Estate Rich List 2017 Revealed

Oct 13, 2017

Hurun Report a leading luxury publishing and events group which is globally recognised for its comprehensive evaluation of the world’s wealthiest individuals today unveils the list of richest real estate entrepreneurs in India. This is the first time a serious attempt has been made to understand about the real estate entrepreneurs and to highlight their achievement through the rich list as a medium.

Key Findings:

  • Delhi based Tycoon Kushal Pal Singh (86) of DLF is the real estate king of India
  • Kushal Pal Singh tops the list with a wealth of INR 23, 460 crores, followed by Mumbai based Mangal Prabhat Lodha from Lodha group with wealth INR 18,610 crore and Bengaluru based Jithendra Virwani from Embassy Property Developments with a wealth of 16,700 crore
  • Smitha V Crishna (66), of Godrej properties, is the richest woman with a fortune of INR 2,210 crore
  • The Menda family owns and runs RMZ Corp the most valuable commercial space developer in South India, valued at INR 19,230 crore
  • Average wealth of GROHE Hurun India real estate rich list 2017 is INR 1,969 crore
  • 60% of the list is first generation entrepreneurs
  • Average age 56. The top 10’s average age is 60. The youngest is Kunal Menda (23) with a net worth of INR 660 crore and the oldest is Prithvi Raj Singh Oberoi (88) of East India hotels with a net worth of INR 3,120 crore
  • 7 under 40 and 4 individuals above 80
  • Philanthropists: Ajay Piramal and Yusuff Ali MA also featured in Hurun India philanthropy list 2017 by donating INR 111 crore and INR 19 crore respectively
  • With 38 individuals, Mumbai is the preferred city followed by New Delhi and Bengaluru with 19 and 17 individuals respectively.

 

Cera Launches New Brand Jeet For Affordable Segment

Oct 13, 2017

CERA, India’s premium home solutions brand, has launched a new brand of sanitaryware, Jeet, aimed at the fastest growing affordable segment.  Jeet was unveiled by Deepshikha Khaitan at Ahmedabad, in the presence of the top management team and the entire sales force of CERA. “Jeet will capitalize on the growing need for an affordable range in sanitaryware,” said, Atul Sanghvi, Executive Director, CERA after the launch event. Jeet is aimed at sanitation for all. Jeet will consist of basic sanitaryware—EWCs, Orissa Pans, Wash Basins in different sizes and Urinals. Despite the recent market aberrations, CERA has been growing steadily. While CERA is well-placed in the mid and premium segments, it already has Italian luxury designer sanitaryware ISVEA for the luxury segment.  With the launch of JEET for the mass segment, CERA now reaches out to all segments.

Danfoss India Conferred With The Frost & Sullivan – 2017 India Building And Hvac Segment – Lv Drives Enabling Technology Leadership Award

Oct 11, 2017

Danfoss Industries Pvt. Ltd was conferred with the prestigious Frost and Sullivan – 2017 India Building and HVAC Segment – LV Drives Enabling Technology Leadership Award under the category of novel developments in the Industrial Automation and Process Control Sector at the Frost and Sullivan 2017 India Best Practices Awards Banquet that took place at the ITC Maratha, Mumbai. 30 years ago, Danfoss launched the world’s first dedicated HVAC Drive and today, after years of constant innovation, we are happy to launch the nextGen Danfoss HVAC Drives. The results were announced post an extensive analytical research process that seeks to recognise the benchmark created by companies against the highest standards in the industry, through outstanding achievements and performance in a range of regional and global markets with superior leadership, technological innovation, excellence in customer service and strategic product development. Danfoss Drives a world industry leader in energy & climate solutions, have been pioneers in the AC drives business since 1968. With over 5000 drives experts who are focussed on newer innovations, Danfoss technologies allow for maximised process control, drive down costs and minimized emissions. With over 2.5 million installed HVAC Drives (38 million in total), Danfoss is focussed on making its Drives - stronger and smarter, providing reliable operations even in the harshest conditions. The company invests over 4% of its global revenue in R&D and files 1 patent every day; to offer products of high quality, reliability and innovation that help deliver operational and energy efficiency in a varied range of industrial applications.

Wipro Lighting Wins ‘india Led Lighting Visionary Innovation Leadership’ Award 2017

Oct 11, 2017

Wipro Lighting, part of Wipro Enterprises (P) Limited and a leading player in lighting in India, has received the “India LED Lighting Visionary Innovation Leadership” Award at the 2017 Frost & Sullivan India Best Practices Awards. The ceremony was held in Mumbai recently. Frost & Sullivan Awards recognizes companies across India and global markets for outstanding achievement and performance, superior leadership, technological innovation, customer service and strategic product development. Wipro will continue to bring new & advanced LED lighting technology for energy efficient smart lighting & data enabled new age lighting solutions to drive the sustainable future. In its constant pursuit of innovation, Wipro Lighting has now kick-started its efforts to add a new revolutionary LiFi lighting concept to their portfolio of innovative products with the help of pureLiFi who are global leaders in LiFi technology and commercialisation.

Akzonobel Launches Dulux Velvet Touch Autograph Collection

Oct 11, 2017

AkzoNobel, the leading global Paints and Coatings Company and the makers of Dulux Paints in India, recently launched their latest offering in the super premium paints category – the Dulux Velvet Touch Autograph Collection, a limited period emulsion with a collection of 50 exclusive colours co-curated by their brand ambassador Farhan Akhtar. Developed at Dulux’s Global Aesthetic Center, the Autograph Collection is the only celebrity co-curated emulsion in the paint industry. Recently, Velvet Touch has also won the prestigious “Product of the Year 2017” award in the paints category. “Product of the Year” is an internationally recognized certification that celebrates and rewards the best innovations in consumer products and services and is the world’s largest consumer-voted award for product innovations. The receipt of “Product of the Year” award bears testimony to the innovative products which Velvet Touch has always brought to the market and the launch of Autograph Collection has just added another feather to its cap. The Dulux Velvet Touch Autograph Collection will come in 3 pack sizes – 1 litre, 4 litres and 10 litres and will be priced at Rs 588 per litre. It will be a limited period product available only for this season in select Dulux stores across the country.

Maishaa Launches Its Latest Furnishing Fabrics Collection

Oct 11, 2017

Maishaa – the brand which has given a new dimension in luxury home fashion textile, has unveiled its latest furnishing fabric collection. Give a warm and cosy look to your house this winter with Furnishing Fabrics by Maishaa. These winter furnishing fabrics with their appealing designs can help create a cosy and comfortable haven for customers. The exotic fabrics by Maishaa have a soft and smooth look with sheen texture with beautiful patterns and depth of colours like turquoise and kale green that makes it more gratifying. The furnishing fabrics are available in various textures and materials, keeping in mind, the trends and needs of this season. The choices at Maishaa are aplenty! The uniqueness of the collection of Furnishing Fabrics by Maishaa lies in the fact that these fabrics are not specific to only one section of your home. It gives you the freedom to express yourself as creatively as you choose to be!

Mirage Ceramics Gives A Stunning New Twist To Its Successful Metallic Range

Oct 11, 2017

Mirage Ceramics’ Glazed Vitrified Tiles range has been its signature collection since its inception. The superior quality tiles are sold at attractive prices. Until Mirage’s GVT tiles hit the market, ceramic tiles were largely seen as hygiene products. With their sleek designs and elegant looks, Mirage Ceramics’ GVT made them products of beauty. Available in a range of finishes and quality, Mirage Ceramics’ tiles work equally well both, indoors and outdoors. In just a few years, their GVT became a rage and has managed to keep that edge to date. Now, Mirage Ceramics has added further sheen to its already sparkling GVT metallic line. In addition to its current bestsellers like Ferro Wood, Ferro Flame, Ferro Cobalt, Ferro Lapis Beige and much more, Mirage has added three new finishes – Gold, Silver and Rose-Gold. These tiles come in the industry-standard sizes of 600x600mm and 600x1200mm to provide for all kinds of residential and commercial requirements. Owing to their rustic looks, they work perfectly as highlighters and help spunk up space.

 

Clarke & Clarke Launches Its New Collection Of Furnishing Fabrics

Oct 11, 2017

Clarke & Clarke, one of the fastest growing editor brands in England, launched its new collection of Furnishing Fabrics that can transform a room into a dignified look and create an ambience. The Cipriani fabric collection shows us that geometric shapes can be absolutely stunning. High geometric patterns give this collection a masculine edge. Contemporary plains and semi-plains soften the bold look to create an adaptable, clean look for modern homes. Textured weaves, and chenille fabrics produced with marled and contract coloured yarns give a luxury finish to the six designs available in eight colour groups. Cipriani includes a brick pattern that is similar to pavers in a garden. A combination of muted colours and distressed texture make this a unique choice for urban and modern décor. Giacomo adds an organic touch with uneven rows that rise and fall like mountain ranges in Antique, Charcoal, Damson, Ink, Olive, and Putty. For a more straightforward look, Luciano offers subtle texture in a series of neutral shades. Clarke & Clarke has a dedicated strategy of bringing high-quality fabrics & wallpapers to customers at affordable prices. Customers have embraced this philosophy and Clarke & Clarke is now present in more than 75 countries around the world, which are serviced from their UK headquarters in Haslingden, Lancashire.

Pepperfry Launches Sofa Trial Service At Home Is Set To Transform Sofa Purchasing In The Country

Oct 07, 2017

Pepperfry.com, one of India’s No.1 Furniture and Home marketplace, announced the launch of Sofa Trial service for customers in key cities across the country. Customers in Mumbai, Delhi, Gurugram, Bengaluru, Pune and Hyderabad can now book sofa trials on Pepperfry. By availing this service they can experience the aesthetics and comfort level of sofas in their homes before placing their order. A pioneer in the home and furniture segment, Pepperfry is known for introducing innovative services to enhance customer experiences. In the last 5+ years, Pepperfry has worked with more than 10,000 merchants to build the largest online catalogue of 1.2 lakh home and furniture products. Pepperfry is the only store in the country where consumers can choose from an exhaustive collection of over 18,000 furniture designs. Pepperfry has built a comprehensive portfolio of sofas sold by leading retail furniture brands and through Casacraft, Pepperfry’s house brand on the marketplace. With the launch of Sofa Trials, Pepperfry is making sofa purchase even more convenient for consumers to buy sofas. Now, they will be able to experience a select range of sofas before purchasing them. The Sofa Trial service is positioned to change the way Indians buy sofas. Pepperfry’s Sofa Trial service presents consumers with the convenience of trying-out a select range sofas at home. They can try up to 9 different sofa styles for every trial session for a nominal fee of Rs. 500 (for every 3 sofa’s). Pepperfry will offer customers a gift card for the trial amount that can be redeemed against any purchase on the Pepperfry website. The trial sofas will be accompanied by colour swatches to offer a wider selection. Additionally, Pepperfry delivery team has been trained to assist customers with their queries and thus, offer them a superlative service experience.  

3rd Edition Of International Real Estate Expo (irex) 2017 To Be Held In Mumbai

Oct 07, 2017

The third edition of International Real Estate Expo (IREX) will be held from 6th to 8th October 2017 at the Dome at NSCI, SVP Stadium, Worli, Mumbai. The first two editions of the show were held in New Delhi. IREX is an annual show that presents investment avenues for high net worth and wealthy individuals who intend to invest in international real estate and premium luxury properties. IREX 2017 will have a participation of leading international real estate developers and marketing companies and is expected to draw more than 4000 visitors. IREX will present investment opportunities in Residential, Commercial, Retail, Hotel & Leisure sectors. Leading international companies involved in community and master development, residential & commercial complexes and hospitality groups will be exhibiting their latest projects. Real Estate Investment opportunities in the US, UK, Europe, UAE, Mauritius, Malaysia, Thailand, Australia and New Zealand will be showcased at the show. Some of the major participants at IREX 2017 are Berkeley Homes, UK; Royal Atlantis, UAE; American Life and Lightstone, USA; Central Equity, Australia; R&F Properties, Malaysia & Australia; Aristo Developers, Dominica, Prospect Development, Cyprus; Ayala Land, Philippines; Global Housing & Real Estate, Sri Lanka; Haute Property, Malaysia; Siamese Asset, Thailand; etc. Indian residents are increasingly looking for good realty investment opportunities abroad. Due to the downturn in the Indian real estate market, investors are exploring new avenues to invest. As per the recent wealth report of a reputed London based firm Knight Frank, India’s high net-worth individuals are heavily investing in real estate in other countries; and their numbers have grown 290% in the last 10 years. Almost 50% of all India’s UHNWI & HNI have foreign real estate in their portfolios, which is highest in the world.