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Business Wire India - Multimedia: Digest for June 02, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

The automobile industry has been experiencing a significant shift towards Electric vehicles (EVs) as a more sustainable and eco-friendly mobility solution. Among the leading players in this emerging market are Tata Motors and MG Motor India, both offering impressive electric SUVs.

The ZS EV, a well-known electric vehicle by MG Motor India has become a highly sought-after vehicle among car enthusiasts due to its impressive features and capabilities. It has proven to be a popular choice for drivers in search of an electric vehicle that can deliver high performance, efficiency, and sustainability. From the market's standpoint, Nexon EV and ZS EV have a head-on competition. However, ZS EV can be charged up to 80% in just 50 minutes using a fast charger, while the Nexon EV can be charged up to 80% in 60 minutes using a fast charger.

As per Droom analysis, it is observed that the ZS EV has the highest resale value vis-à-vis other competing SUVs in that price range. When compared to other vehicles in its segment, such as the Hyundai Creta, Kia Seltos, Tata Nexon, and Hyundai Kona, the MG ZS EV emerges as a leader with its instantaneous torque and a maximum power output of 177 PS, this helps the car reach 0 ~ 100 In 8 seconds. The MG ZS EV is a segment defying product and is equipped with an electric motor that generates 141 horsepower and 353 Nm of torque and comes with three driving modes (Eco, Normal, and Sport) to cater to diverse driving needs and maximise efficiency.

Most often than not, customers like to delve deeper into resale value before buying a vehicle. Hence, Droom compared the resale value of some of India's most loved SUVs both in ICE engines and EVs and here are the observations:
 
  Petrol Diesel Electric
Hyundai Creta 61% 67%  
Kia Seltos 65% 68%  
Tata Nexon 67% 77% 66%
Hyundai Kona     69%
MG ZS EV     77%
Working for 2020 Make, 30K Driven Delhi registered Vehicle

The MG ZS EV is an exceptional vehicle in its segment offering impressive performance, higher range and premium interiors making it the most admirable EV in India so far. Its powerful electric motor provides quick acceleration, smooth and quiet ride, while the electric powertrain allows high efficiency and very good mileage. Additionally, the ZS EV's regenerative braking system captures energy from braking and converts it into electricity, contributing to its overall efficiency.

In a head-to-head comparison with its electric counterpart, the Hyundai Kona, the MG ZS EV outperforms the Kona. In terms of range, the MG ZS EV comes out on top with an impressive 461 km on a single charge, compared to the Hyundai Kona's 452 km range. Additionally, the MG ZS EV has a fast-charging capability that allows the battery to be charged up to 80% in just 50 minutes, compared to the Kona's 64 minutes for the same charge percentage.

The MG ZS EV is loaded with several advanced safety features, such as six airbags, electronic stability control, and a rear-view camera. It has also secured a 5-star rating in the ASEAN NCAP crash test, providing owners with peace of mind on the road. With its superior performance, efficiency, and sustainability, the MG ZS EV is a compelling option for customers who want an eco-friendly vehicle that delivers on performance and style.
Business Wire India

Dosti Realty, synonymous with excellence in construction and innovation in the Mumbai Metropolitan Region, has once again demonstrated its capabilities by launching its latest project - Dosti Greenscapes in Hadapsar, Pune, just 2 mins before Magarpatta City. The new launch involves the development of 10,51,300 sq. ft. of Rera carpet area and is looking at a top-line potential of Rs. 1,100 Crore.
 
Dosti Realty recently announced its foray into the Pune real estate market, a significant step forward in creating elevated living spaces in Pune. Known for delivering projects that cater to the evolving needs of modern-day living, Dosti Realty's expansion into the Pune market is a testament to its commitment to providing quality homes to home-seekers across geographies.
 
The launch of Dosti Greenscapes in Hadapsar near Magarpatta spread across 12 acres sets new benchmarks in the Pune real estate market. The project is being undertaken as a joint-venture project between Dosti Realty and Indian Hume Pipe (IHP) with revenue sharing. IHP is the owner of the land. Phase one of Dosti Greenscapes comprises 5,42,779 sq. ft. RERA carpet area in phase one and 5,08,520 sq. ft. RERA carpet area. The project has been launched at a per sq. ft rate of Rs. 9500-10000. Phase two will also include a commercial development along with the residential towers. A top-line potential of Rs. 550 crores from Phase 1 and Rs. 560 Crores in Phase 2 are expected. Funded as per the construction requirement of the phase, Dosti Realty has made an initial investment of approximately Rs. 155 Crores towards the project, of which around Rs 70 Crores is from internal accrual and Rs. 85 Crores as construction finance from ICICI Bank.
 
Dosti Greenscapes exudes an aura of refinement that seamlessly blends aesthetics, innovation, and functionality, paving the way for a life of absolute luxury and convenience for its esteemed residents. Designed by world-renowned Architect Hafeez Contractor, the project offers thoughtfully designed 2, 3, and 4 BHK homes spread across a sprawling expanse. The 2 BHK Homes range from 475 sq. ft. (44.14 sq. mt) to 779 sq. ft. (72.35 sq. mtr), while the 3 BHK Homes range between 924 sq. ft. (85.84 sq. mtr) to 1082 sq. ft. (100.52 sq. mtr) and the 4 BHK is 1395sq.ft (129.61 sq. mtr).
 
The exquisite craftsmanship of Dosti Realty is reflected in every corner of this opulent project that is curated to cater to the needs of modern-day living. Some of the things one finds here are green views, 35+ lifestyle amenities, spacious homes, and serene, peaceful surroundings.
 
They are specially curated, keeping in mind the tech community of the Pune micro market. The project also offers co-working space in the club with working desks for working from home, meeting rooms to attend meetings and conferences online, Wifi hotspots in the building's ground floor lobby, clubhouses, and across select spots at the podium level, provision for Home Automation and many other unique features.

Located close to a host of schools, colleges, hospitals, religious places, shopping malls, entertainment zones, commercial hubs, gardens, hotels, and restaurants, Dosti Greenscapes is ideal for those looking for a comfortable and convenient lifestyle. The project offers excellent connectivity with existing and upcoming infrastructure, making it a perfect investment opportunity for home-seekers and investors. One added advantage is the upcoming Pune Metro line 3 passing on Sholapur Road at Hadapsar just outside Dosti Greenscapes.
 
Hadapsar, near Magarpatta City, is a bustling locality well connected to other parts of Pune, with easy access to major highways such as the Mumbai-Pune Expressway and Pune-Solapur Highway. Hadapsar is also home to the Hadapsar Railway Station, which connects it to various parts of Maharashtra and India. The Pune Airport and Swargate Train Station are just a short drive away, and there has been significant development over the past few years. Its proximity to commercial hubs such as Magarpatta City and SP Infocity has also made it a preferred destination for working professionals.
 
Speaking on Dosti Greenscapes in Hadapsar, Pune, Mr. Deepak Goradia, Chairman and Managing Director- Dosti Realty, says, "After our recent announcement of entering the Pune real estate market, we have our first project being launched with Dosti Greenscapes which is just 2 mins from Magarpatta City. Pune is a rapidly growing market, and we believe that our expertise and commitment to quality will enable us to deliver exceptional residential projects that cater to the needs of our customers in this micro market as well. With Dosti Greenscapes, we aim to set a new benchmark for the city by providing our customers with a comfortable and convenient lifestyle."
 
There are a host of outdoor amenities such as a Tennis Court, Multipurpose Court, Rock Climbing Wall, Elderly Fitness Zone, Walkway/Jogging Track, Lap & Kids Pool, Jacuzzi, Alfresco Dining, Picnic Lawn, Children and Toddlers Play Area, Party Lawn, BBQ Pavilion and various other landscaping features that Site Concepts International Limited has aesthetically designed.
 
The project also boasts a host of amenities spread across two clubhouses, such as a Gymnasium, Rooftop Yoga, Billiards/Pool Table, Chess & Carrom Area, Mini Library, Tech-enabled meeting rooms, Conference Room, Co-Working Spaces, Rooftop Seating, Banquet Hall and Multipurpose Hall which combine to provide residents with the luxurious and comfortable lifestyle that they truly deserve. Dosti Greenscapes is, therefore, the gateway that will bridge the desires of end-users and investors alike.
Business Wire India

The Indian real estate industry's stars gathered at the illustrious 5th edition of the Global Real Estate Brand Awards 2023. Held at Hotel Ritz Carlton, Bengaluru, this prestigious event provided a remarkable platform for Real Estate industry leaders to come together, share knowledge, network, and honor exceptional achievements within the Real Estate fraternity.
 
The event received tremendous support from esteemed partners, including Care Edge Ratings as the Association Partner, Zee Business as the Telecast Partner, National Real Estate Development Council Karnataka Chapter as the Conference Partner, The CEO Magazine as the Print Media Partner, and Insight Success Magazine as the Magazine Partner.
 
The highlight of the day was an engaging panel discussion on the topic "Impact of Increasing Repo Rate on Housing and Real Estate Sector," skillfully moderated by Mr. Manoj Lodha, Vice Chairman Designate of NAREDCO Karnataka. Mr. Manoj's optimistic view on the real estate sector in India resonated with attendees. Mr. Sourish Pal, Director of Cushman & Wakefield, emphasized the industry's robust demand and the importance of continuous development. Mr. Aakash Jain, Director of CARE Edge Ratings, highlighted the sustained demand for residential properties, particularly pent-up demand. Mr. Shyam Mareddy, President of NAREDCO Karnataka Chapter, acknowledged the potential impact on affordable housing due to the repo rate increase but expressed confidence in the continued demand for mid-range and luxury properties. Mr. Mukesh Kanodia, Senior Executive President of Piramal Capital & Housing Finance, provided insights into the potential consequences of the repo rate hike on borrowing costs for developers and project costs, which could affect housing demand.
 
The event commenced with Mr. Aakash Jain, Director of Care Edge Ratings, welcoming the dignitaries and recognizing the resilience of the Indian real estate sector over the past year. The evening concluded with a glamorous red carpet walk featuring the winners of the highly esteemed Global Real Estate Brand Awards.
 
The central theme of the awards ceremony revolved around acknowledging exceptional leadership, innovation, design and growth within the industry. Approximately 20 businesses and entrepreneurs were recognized for their outstanding contributions to their respective sectors. The esteemed awards were presented by chief guest Veteren Ar. Krishna Rao Jaisim and renowned Architect Mr. Indrajit Kembhavi, creating a memorable evening of celebration and networking opportunities for attendees to connect and exchange ideas.
 
The winners across various categories at the Global Real Estate Brand Awards 2023 are as follows:
​
  • Property Award of the year - Luxury     
    Solitaire World , Solitaire Group
     
  • Property Award of the year – Affordable
    RRL Nature Woods, RRL Builders & Developers Pvt Ltd
     
  • Property Award of the year - Fluid Homes
    Iconest , Icon Homz  
     
  • Property Award of the year – Retail
    LVNG Design Studio at Spectra One, Spectra Construction
     
  • Most Admired Affordable Project of the Year
    Vanamali, Eswar Construction   
     
  • Most Admired Project of the year
    Trifecta Retto, Trifecta Projects Private Limited 
     
  • Most Innovative Ultra Luxury Project of the year
    Frangipani, SPA Group
     
  • Most Admired Luxury Project of the year
    Cornerstone Akhinta Residences – Cornerstone Group 
               
  • Best lifestyle Developer of the year        
    SNN Raj Corp    
     
  • Best Launch & Strategic Partner of the Year        
    Houzbay Consulting      
     
  • Best Themed Project of the year             
    SPA Ecocity, SPA Group
     
  • Real Estate Professional of the year - Female                   
    Ms. Reeza Sebastian Karimpanal, Executive President- Residential, Embassy Group
     
  • Real Estate Professional of the year - Male          
    Mr. Prashant Chaubey, CFO, Sunteck Realty Limited
     
  • Young Achiever of the year                       
    Mr. Anuj Sanjay Shah, SNN Raj Corp
     
  • Women Achiever Award of the year
    Ms. Vyoma Pandit, Co founder- Flow Realty India
     
  • Most Enterprising CEO of the year          
    Mr. Pawan Sawhney, CEO, Address Maker
     
  • Lifetime Achievement of the year             
    Mr. P. Dayananda Pai - Century Real Estate
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