Bhaskar T Nagendrappa Takes Over As The 15th President Of CREDAI Bengaluru

Bhaskar T Nagendrappa has taken over as the 15th President of CREDAI Bengaluru (2021-2023) during the 40th AGM held online on Friday 18th June 2021 and the baton was handed over by Mr. Kishore Jain, who served as President CREDAI Bengaluru from 2019 to 2021.

Suresh Hari will continue to be the Chairman of CREDAI Bengaluru for this term of the Board till 2023. The other team members ass Office Bearers and Governing Body of CREDAI Bengaluru are as below:

Amar Mysore President - Elect (Brigade Estates), Errol Fernandes Vice President  (Ferns Estates), Bimal Hegde - Secretary (Chartered Housing), Karan Shetty Joint Secretary (RJ Builders), R Krishna Treasurer (Nisarga Builders), Zayd Noaman  GB Member (Prestige Estates), Salman Dawood GB Member (Monarch Developers), K Ramesh  GB Member  (Kay Arr Builders), Supreetth Vimala Suresh GB Member  (Rainbow Properties), Rishi Sreedharan GB Member (Aditya Builders and Developers (Navami)), K S Satyanarayana Reddy , GB Member (DSR Infrastructure), Ratheesh Nambiar GB Member (Nambiar Builders), Kishore Reddy GB Member (Mana Projects), Mahaveer Mehta, GB Member (Samvitva Developers), Syed Faisal Rizvi, GB Member  (United Sustainable Developments), Abhishek Bhatewara GB Member (Rohan Builders), G.Madhusudhan GB Member (Sumadhura Constructions), Kishore Jain Immediate Past President, (Jain Heights & Structures).

Anil Nayak continues to be the CEO of the Organisation.

The AGM was moderated by Mr. Errol Fernandes, the Outgoing Secretary of CREDAI Bengaluru.

About CREDAI Bengaluru

Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body of private real estate developers, Established in 1999, with a vision of transforming the landscape of Indian Real Estate industry and a mandate to pursue the cause of Housing and Habitat. Since then the Membership has grown to more than 13,000+ Members, 21 State Chapters & 220+ City Chapters.

CREAI Karnataka which has over 550 plus members is one of the vibrant State Chapters in India which has 10 City Chapters.

CREDAI Bengaluru has 227 dedicated and reputed members. CREDAI Bengaluru has been striving hard for its Members and stakeholders for the existing and various other policy issues related to the Real Estate industry.

Reduction In Stamp Duty Can Improve Buyers' Sentiment: Magicbricks Consumer Poll

Government initiatives like reduction in stamp duty can significantly spur home buying as the latest Magicbricks Consumer Poll suggested that more than 80% of prospective buyers said that reduction of stamp duty by their respective states can influence them to buy a house.

Property registration and stamp duty charges range between 5%-9% on an average across the country and add significantly to the overall cost of the property and also act as a deterrent for many first-time home buyers.

But ever since the outbreak of the pandemic in 2020, state governments like Maharashtra and Karnataka have already taken the lead in cutting stamp duty. The Housing Ministry has also appealed to other state governments to reduce stamp duty too, which would lessen the burden on the home buyers.

In the latest poll conducted by Magicbricks, India's No.1 property site, an overwhelming 83% of the respondents feel that a cut in stamp duty would prompt them to buy a house, while 17% feel that it would have no impact on their purchasing decision.

Commenting on the consumer sentiment, Mr. Sudhir Pai, CEO, Magicbricks said: “We have witnessed a 114% rise in housing sales in Maharashtra during the period of stamp duty cuts, between September 2020 and March 2021. But ever since the expiry of the stamp duty period, we are seeing a dip in sales. This is contrary to the constant rise in demand for housing and home loans that we are witnessing on our platform. With Work-For-Home emerging as the new normal, people are looking for bigger size houses with an extra room and hence the state governments should consider offering stamp duty holidays that would lessen the burden on homebuyers.”

Last year, the Maharashtra government had rolled out concessions in stamp duty for first sale transactions, following which, it became the first state to reduce the stamp duty charges in two slabs. This resulted in a significant rise in the number of property transactions and subsequent registrations in the state. Many real estate bodies and groups have been advocating for stamp duty subsidies and more states are expected to follow Maharashtra’s stamp duty model.

To boost real estate, the Karnataka government had also reduced stamp duty charges to 3% from 5% for properties priced between Rs.35 lakh and Rs.45 lakh. Thereafter, the Delhi government slashed the circle rates by 20% to reduce the financial burden. Above all, the central government officials in several interactions suggested that state governments reduce the stamp duty charges to boost the real estate sentiments and thereby boost realty sales in their respective states. 

About Magicbricks: India's no 1 property site

Magicbricks is India’s No.1 property site. With monthly traffic exceeding 20 million visits and with an active base of over 1.4 million+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content, and research services, which have helped us build the largest audience pool.

L&T Technology Services Dedicates COVID Care Center In Mysuru As Part Of Its CSR Initiative

L&T Technology Services (NSE: LTTS), a global leading pure-play engineering services company, announced that it has dedicated a rural COVID Care Center (CCC) in Saragur, Mysuru as part of its CSR initiative, in partnership with Swami Vivekananda Youth Movement (SVYM).

The center was inaugurated by the Honorable Deputy Chief Minister of Karnataka, Dr. C. N. Ashwathnarayan along with Mr. Amit Chadha, Chief Executive Officer & Managing Director of L&T Technology Services, who was present virtually from Washington D.C.

The CCC will serve a population of over three lakh tribals in the region. The 19-bed center has been built within 12 days using modular prefabricated technology. Each bed is equipped with oxygen supply, critical care medical equipment and all other necessary resources. The technology used here enables the safe management and care of patients, and the infrastructure is expected to benefit the local population for up to 15 years, enabling the people of Mysuru to continue availing the benefits of this key healthcare center.

Other dignitaries to grace the occasion included Mr. S. T. Somashekhar, Mysuru District In-charge Minister (Minister of Cooperation), Mr. Anil Kumar C, Member of Legislative Assembly, and Dr. R. Balasubramaniam, Founder-President of the SVYM.

Commenting on the occasion, Mr. Amit Chadha, CEO & Managing Director, L&T Technology Services said, “I take this opportunity to compliment the Government of Karnataka for their tireless efforts in containing the present pandemic and would like to thank Dr. Ashwathnarayan and other distinguished leaders of the Karnataka Government for their inspiring statesmanship. A special note of appreciation for SVYM with whom we have worked to transform and uplift the lives of the local rural population. Our association with Mysuru is decades old. We have been taking a lead role in driving technology adoption and employment generation in the region for years now. LTTS is committed to serve the people of Mysuru and the state of Karnataka. I am certain that together we can script the beginning of a new chapter of development for this important region.”

This latest initiative further marks LTTS’ commitment towards implementing pandemic relief measures in the state of Karnataka, such as providing isolation kits to the Mysuru City Corporation, donating two 24x7 free ICU ambulances for serving the underprivileged in Bengaluru, facilitating vaccination for people with physical disabilities, besides funding medical treatment for the economically weaker segments. The company is also partnering with NGOs to support children orphaned in this current wave, committing to their long-term support in line with established government norms.

LTTS has been focused towards contributing to the cause of tribal population in the region. The LTTS-SVYM alliance has, over the years, transformed over 500 tribal lives and livelihoods through technology adoption and employment generation initiatives.

Mr K.N. Prabhakaran, Head of CSR and Mr. Rabi Rout, Center Head of Mysuru, were present on the occasion from L&T Technology Services.

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,400 employees spread across 17 global design centers, 28 global sales offices and 69 innovation labs as of March 31, 2021. 

Neeyamo Announces The Appointment Of Industry stalwarts Richard Jones And Ram Gupta To Its Board

* The global HR solutions provider has added 1000 employees in FY-21

Neeyamo, a market leader in platform-based global HR & Payroll Services, has announced the appointment of Ram Gupta and Richard Jones as independent board members. With a growing presence in 190 countries, Neeyamo has increased its active headcount of close to 3000 employees. 

With over 350 clients across the world, Neeyamo has touched the lives of 1.5 million people globally with its best-in-class HRO solutions. Recently, the company launched “Tailohr™” – a packaged solution, extensively designed to cater to the HR needs of multinational organizations with a geographically dispersed workforce. 

Commenting on the appointments, Ashok Bildikar, Chairman & Managing Director of Neeyamo, said, “I’m delighted to welcome Ram and Richard to Neeyamo’s board. Neeyamo is on an aggressive growth path and guidance from these two industry stalwarts will be invaluable as we continue to ramp up our presence globally and pursue our mission to serve the global HR fraternity effectively.”

Ram Gupta has over 25 years of technology strategy and execution expertise at fast-paced, innovative companies like Cast Iron Systems, PeopleSoft, WebMD, Silicon Graphics, IBM and TCS. Ram is one of the few technology executives with diverse technology experience from chip design to application software, including operating systems, networking, databases, middleware, multi-media, analytics, and cloud computing. Since 2007, Ram has served as a director on the boards of various public and private technology companies.

Commenting on his appointment, Ram Gupta said, “Based on Neeyamo’s existing customer base, the benefits of advances have mostly been limited to multinational organizations headquartered in North America and Western Europe. Neeyamo is now bringing its latest HR technology to cover the needs of 90 percent of the world. I am excited to join team Neeyamo on their mission."

With over 30 years of experience in technology and sourcing for US and European companies, Richard Jones offers CEOs/ Founders advisory services to help build IT-enabled service businesses. Areas of focus and expertise for Richard include robotics/automation, outsourcing, human capital management, finance & accounting, and CEO coaching, especially to European CEOs of American businesses. Richard was formerly a Commercial Director at IBM, a Partner with Accenture, and President (Europe) for Exult – a leading HRO organization that got acquired by Hewitt-Associates for US$ 794 Mn.  He has also served (and is serving) on several boards and executive advisory groups.

Speaking on the occasion, Richard Jones said, “I am excited to be joining the Neeyamo Board at this particular point of its evolution. The company has a unique and proven approach to one of the world’s most sought-after HR technology solutions in the marketplace of global businesses. I am thrilled to be associated with it.”

About Neeyamo

Neeyamo is a leading platform-based HR solutions provider focused on delivering global HR and payroll services to multinational organizations with operations across a long-tail of countries. With an extensive team of professionals serving clients across 190+ countries, Neeyamo leverages its unique service-based model and functionality-rich, next-generation portfolio of HR products to help organizations enable agile and scalable business. Neeyamo envisions to stand at the forefront of revolutionizing the global HR ecosystem and meet market-specific requirements including Global Payroll, Benefits, Workforce Administration, Background Screening, Global Compliance and Employee Helpdesk. Visit www.neeyamo.com to know more.

Bookings Opened For New Jaguar F-Pace SVR: Faster, More Luxurious And More Refined Than Ever

* Introducing new Jaguar F-PACE SVR: New pinnacle of the performance SUV range is quicker off the line, more agile, features the latest dynamic exterior design and a more luxurious and refined interior finish 

* Pinnacle of performance: Jaguar’s 405 kW V8 supercharged petrol engine delivers peak torque of 700 Nm

* Quick off the mark: Heightened torque output and new Dynamic Launch function delivers capability of 0-100 km/h in 4.0 s

* Enhanced dynamics: New steering rack with SV calibration and retuned dampers deliver a more connected driving experience with enhanced ride refinement

* Race-inspired exterior: New front bodywork influenced by SV’s significant motorsport experience reduces lift , lowers drag and amplifies F-PACE’s assertive stance

* Luxurious sports interior: All-new crafted interior features selection of exclusive performance-focused materials for a luxurious and sporting cabin environment

* Always connected: Technologies include Jaguar’s latest Pivi Pro dual-sim infotainment, accessed through an all-new 28.95 cm (11.4) HD curved glass touchscreen

Jaguar Land Rover India, today announced that the bookings have been opened for the new Jaguar F-PACE SVR in India. Sitting at the pinnacle of the Jaguar performance SUV range, the new F-PACE SVR is faster than ever and features motorsport-inspired exterior design, a luxurious interior and the latest connected technologies.

Rohit Suri, President and Managing Director, Jaguar Land Rover India said, “The new F-PACE SVR is a marvel of precision engineering and promises to extend  the appeal of the Jaguar brand to drive enthusiasts looking for sports car like performance from their SUVs.”

New JAGUAR F-PACE SVR: Pinnacle of Performance

The new F-PACE SVR is available exclusively with Jaguar’s 405 kW 5.0 l V8 supercharged petrol engine which delivers 700 Nm torque and drives enhanced performance with capability of 0-100 km/h in 4.0 s.

Enabled by Jaguar’s advanced new Electronic Vehicle Architecture, the transmission and dynamics systems have benefitted from incremental tweaks. The uprated Dynamic mode features unique tuning, delivering a focused and honed driving experience. Jaguar SV’s engineers have recalibrated the software to provide sharper throttle response, stiffen the suspension set up, optimize steering and enhance the exhaust mapping.

Drivers also benefit from improved brake feel in the new F-PACE SVR. The front and rear two-piece disc brakes are now supported by a new Integrated Power Booster which, along with a recalibration of the system, delivers a sportier and shorter brake pedal. The 5.0 l V8 Supercharged petrol engine is paired with Jaguar’s ultra-responsive, smooth-shifting eight-speed automatic transmission which delivers rapid gearshifts for effortless performance, while adapting the way power is delivered to suit the driving situation.

Jaguar’s All-Wheel Drive with Intelligent Driveline Dynamics is fitted as standard. The technology has a rear-wheel drive bias for enhanced driver engagement and performance, with predictive and reactive software that can distribute torque to the front and rear axles independently, and almost instantly, to provide greater control and stability in low traction conditions.

Configurable Dynamics provides enhanced driver appeal by enabling the driver to set up the vehicle to suit their personal preferences, with a choice of Comfort or Dynamic settings applied to the throttle mapping, gear shift points, steering effort and suspension. A stopwatch, G-Meter and pedal graph also help the driver to monitor performance in Dynamic mode while Adaptive Dynamics continuously adjusts the dampers for enhanced comfort and refinement depending on road and driving conditions.

New JAGUAR F-PACE SVR: Purposeful race inspired exterior

The design of the new F-PACE SVR is inspired by SV’s motorsport experience, with enhanced airflow and aerodynamic benefits delivered through new apertures and vents for improved powertrain and brake cooling.Surrounding the new SVR-badged grille, the revised bumper design features X-shape and blade-like elements intersecting the lower side air vents and intakes. An enlarged lower intake improves airflow, to cool the F-PACE SVR’s 405 kW powertrain.

The super-slim all-LED quad headlights with ‘Double J’ Daytime Running Light (DRL) signatures are available with optional Pixel LED technology and deliver increased resolution and brightness. Adaptive Driving Beam capability evaluates the road ahead and automatically adapts the high beam light to mask oncoming traffic or traffic signs, the system can create varying light beam patterns by selecting different LED segments to optimize visibility and minimize risk of distracting other drivers.

New JAGUAR F-PACE SVR: Precision crafted interior

The interior of the new F-PACE SVR is comprehensively redesigned, with materials enhanced to heighten the dynamic character of the revised cabin and its controls.

Jaguar’s new Drive Selector has a more performance-focused feel for the F-PACE SVR, finished in dimpled leather with heritage logo-inspired detailing and debossed SVR logo underlining the new model’s attention to detail. The outer rim of the bespoke SVR split-rim steering wheel wears the same leather finish, while the inside of the wheel features a unique Mars Red SVR stitch detail.

At the heart of the precision crafted and luxurious interior, with its new sporty centre console, incorporating an optional wireless device charger and improved console stowage, is the seamlessly integrated centrally-mounted 28.95 cm (11.4) curved-glass HD touchscreen, which sits within an elegant magnesium alloy casing and provides access to the intuitive new Pivi Pro infotainment.

A series of advanced technologies ensure the health and wellbeing of all occupants. Cabin Air Ionization improves interior air quality through Nanoe technology, which removes allergens and unpleasant odours. The system now also features PM2.5 filtration, which captures ultra-fine particles to improve occupant health and wellbeing. Customers activate the system simply by pressing the ‘Purify’ button within the infotainment.

New JAGUAR F-PACE SVR: Cutting edge connected technologies

The new F-PACE SVR features Jaguar’s advanced Electronic Vehicle Architecture supporting a range of new technologies to ensure the future-ready vehicle is connected and up to date.

The latest Pivi Pro infotainment technology is accessed through the all-new 28.95 cm (11.4) curved glass HD touchscreen. Key benefits include enhanced clarity – the display is three times brighter and 48% larger – and the simplified menu structures allow drivers to access or view up to 90 per cent of common tasks from the home-screen in two taps or less.

The collection of new convenience technologies includes Software-Over-The-Air (SOTA) capability, which ensures the performance SUV is always using the latest software. 

The technology means that owners don’t have to visit retailers to receive software updates for the vehicle.

Jaguar’s latest 3D Surround Camera technology delivers advanced 3D functionality using the latest camera technology to deliver more detail and a choice of real-time viewing when maneuvering the vehicle. The selection of settings include Junction View, 3D Perspective View, and ClearSight Plan View.

TBWA, PHD Of Omnicom Group Wins Creative And Media Mandate For EdTech Major LEAD School

LEAD School, a major K-12 EdTech player, today announced the appointment of TBWA and PHD, as its integrated creative and media partner. The mandate, won during a multi-agency pitch, will be managed from Mumbai.

TBWA and PHD are part of US based Omnicom group, a global leader in developing marketing communications for over 5,000 clients in 100 countries. While TBWA will develop a strong communication, creative strategy and campaign for the brand across television, outdoor and digital media platforms, PHD will be responsible for media buying and planning focused on building a resilient digital footprint for the EdTech enterprise.

LEAD School’s Integrated System is a one-of-its-kind solution that provides tangible results in student and teacher performance across 2,000+ schools catering to over 8 lakh students across the country. Over the next five years, LEAD School is on a mission to make excellent learning affordable and accessible to over 10 million children across 25,000+ affordable private schools in India.

Anupam Gurani, Chief Marketing Officer, LEAD School said, “TBWA and PHD are admired globally for their campaigns that are testimony to their disruptive and digital-first brand storytelling and creative thought process. We are confident that this synergy will create a strong brand story for LEAD School which complements with our proposition of delivering a highly enriching and personalized educational experience to students, parents through our partner schools and teachers. We are excited to partner with TBWA and PHD in our journey of building LEAD School as India’s most loved education brand.”

Govind Pandey, CEO, TBWA India said, “It is inspiring for us to partner with LEAD School in creating a disruptive brand with the purpose that every child deserves an excellent education. We look forward to this journey together of fulfilling this vision.”

Parixit Bhattacharya, Managing Partner-Creative, TBWA said, “The Edtech category is ripe for a disruption. We look forward to creating an inspiring brand with the energising team at LEAD School. After all, it is not every day that you get to work on the future of the nation.”

TBWA brings a unique dimension to creativity by using the ‘Disruption thought process’. Named one of the World's Most Innovative Companies by Fast Company for 2019 & 2020, TBWA’s global clients include Adidas, Apple, Gatorade, Henkel, Hilton Hotels, McDonald’s, Nissan, and Singapore Airlines. 

Monaz Todywalla, CEO, PDH Media said, “We are excited to partner with LEAD School for its national media mandate. Customization is the keyword of the decade and LEAD School is bringing that to education by seamlessly integrating it with technology but through a unique platform that enables the entire ecosystem. We hope to bring their mission to life with our resources and lead LEAD School to a resounding digital growth.”

PHD Media with a strong tech affiliation and expertise in digital-first mandates will be responsible for media buying and planning to build a resilient digital footprint for the EdTech brand. Some of the successfully executed media campaigns of PHD for global brands include Rammed with Confidence for Volkswagen and What a Coinci-Dance for Skoda.

About LEAD School

LEAD School is promoted by Leadership Boulevard, one of the fastest growing EdTech companies in India. It combines technology, curriculum and pedagogy into an integrated system of teaching and learning, thus improving student learning and teacher performance in schools across the country. LEAD School partners with 2000+ schools with an estimated 8 lakh+ students in more than 400 cities, including tier 2 to tier 4 cities, in 20 States.                     

About TBWA\Worldwide

TBWA is The Disruption® Company: the cultural engine for 21st century business. Named Adweek’s 2018 Global Agency of the Year, we create disruptive ideas that locate and involve brands in culture, giving them a larger share of the future. Our collective has 11,300 creative minds across 275 offices in 95 countries and also includes brands such as AUDITOIRE, Digital Arts Network (DAN), eg+ worldwide, GMR, The Integer Group®, TBWA\Media Arts Lab, TBWA\ WorldHealth and TRO. Global clients include Adidas, Apple, Gatorade, Henkel, Hilton Hotels, McDonald’s, Michelin, Nissan, and Singapore Airlines. 

About PHD Media

PHD is a growth-obsessed agency that believes in the remarkable power of imagination. Since it was founded in London in 1990, as the first media agency to offer strategic and creative planning, PHD has been helping clients achieve disproportionate growth. Using its proprietary gamified operating system: Omni Studio by PHD, which connects the network’s 6,000 minds, PHD creates and harnesses ideas that go beyond expectations; ideas that enable brands to move beyond incremental improvements and make the leap above their competitors. PHD is ranked in the top four most globally awarded networks in the world (according to the 2020 WARC Media 100). The PHD network is part of the Omnicom Media Group, a division of Omnicom Group Inc. (NYSE: OMC). PHD | Make the Leap | www.phdmedia.com

Microsoft India Announces Winners Of Cloud Champions 11 Program

* Recognizes 11 Microsoft Cloud Solution Providers for accelerating SMB cloud growth

Microsoft India today announced the winners of the inaugural edition of Cloud Champions 11, a unique engagement program designed to strengthen its commitment to partners in India. The program recognized 11 Microsoft Cloud Solution Providers (CSPs) for accelerating cloud growth for SMB customers between December 2020 and March 2021. The program received over 1000 registrations from 777 partner organizations across 92 cities in India. Open to all active Microsoft partners in the country with CSP business, or direct and indirect resellers catering to SMB customers, the program evaluated participants basis their cloud business growth across Microsoft Azure, Modern Work and Security as well as Business Applications.

Harish Vellat, Senior Director, Small and Mid-Corporate Business, Microsoft India said, “Our partners have been at the forefront of delivering cloud innovations to help customers transform and become more agile. Through the Cloud Champions 11 program, we acknowledge the resilience, commitment and customer obsession of our partners to empower our SMB customers in these challenging times.”

The winners received special recognition at a virtual Champions’ Night on June 17. The Champions Night attendees also gained access to a business session by entrepreneur Ankur Warikoo. The prize winners will receive professional mentoring from business coach Mitali Chopra. They will also receive a choice of virtual experiences, especially curated from across the globe, including sessions on positive thinking, family fitness, piano meditation, cooking masterclasses, and interactive music festivals.