Keysight Technologies Will Hold Aerospace Defense Symposium In India From August 25-26, 2021

What:  Keysight Technologies enables customers to learn about the latest electronic test at the Aerospace Defense Symposium 2021 India. Keysight experts will present vital information relating to the next generation of aerospace defense technology, in addition to demonstrations of the company’s solutions for this dynamic industry, which include next generation spectrum analyzers, signal sources, vector network analyzers, ultra high bandwidth oscilloscopes, among others.

When:             August 25–26, 2021

Where:            Virtual: https://connectlp.keysight.com/Aerospace-Defense-Symposium-India-2021

Keysight will present on a wide variety of topics relevant to the aerospace and defence industry as follows:

Day 1:             August 25, 2021 | 10:00 a.m. IST - 1:00 p.m. IST

Topics include:

·        Understanding technological advances in ultra-wideband mmwave signal generation and analysis for radar and satellite

o   Millimeter-wave frequency bands provide wide available bandwidths that enable high-throughput data, range resolution, accuracy and low latency. Keysight will discuss how technological advances help facilitate rapid measurements with ultra-wideband mmwave signal generation and analysis for radar and satellite applications.

·        Deep dive into Multichannel radio frequency/radar analysis with time domain instrumentation

o   With the advancement in time domain instrumentation, traditional radio frequency (RF) measurements no longer “separate” from the digital design engineer. Time domain instrumentation like next generation multi-channel oscilloscopes can help with RF analysis. Keysight will showcase how multichannel RF/radar analysis can be executed with time domain instrumentation tools.

Modulation distortion, noise power ratio (NPR), phase noise measurements with next generation network analysis

o   Modern network analysis tools help speed state of the art measurements including NPR, modulation distortion, and phase noise measurements. Keysight will discuss how the company’s network analyzers will help customers achieve desired measurements.

Seamless test methodologies for modern deceptive jamming designs

o   Digital radio frequency memory (DRFM) takes RF signals, digitizes them, and then creates new RF energy based on the pulse received. With a fast turnaround time, it can be used to create multiple false targets. Keysight will explore DRFM and its advantages during this session.

Day 2: August 26, 2021 | 10:00 a.m. IST - 1:00 p.m. IST

Demystifying complex test scenarios for aerospace defense applications with Keysight’s PathWave Test Automation software

o   Keysight’s PathWave Test Automation software enables customer to save time with connected test workflows. In this session, Keysight experts will present how to address complex test scenarios in aerospace defense applications.

Compact mmWave receiver design for military satellite communication with Keysight’s PathWave Advanced Design System (ADS) software

o   First time right system design ensures that a customer’s system has a competitive advantage. Keysight will discuss how PathWave ADS helps seamlessly design mmWave receivers for military satellite communication.

Quantum and optical communication in aerospace defense | challenges and solutions

o   As the end of Moore’s law draws near, quantum technology provides the means to achieve breakthroughs in computing. The unique properties of superposition and entanglement enable previously unimagined performance in quantum applications such as computing, communications and sensing. Keysight experts will discuss how quantum technology and optical communication go hand in hand.

Sneak-peek into 5G technology advancements in Aerospace Defense & Military

o   The expansion of 5G design for military and tactical applications has created specific requirements for successful implementation. Whether it is radar or satellite, 5G will play a vital role moving forward. Keysight will deliver a sneak peek into how 5G technological advancements will be leveraged in aerospace, defense and the military.

About Keysight Technologies

Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments.  Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of $4.2B in fiscal year 2020.

Inmobi Exchange Integrates With In-App Header Bidding Solutions To Reduce Friction And Optimize Competition

* Industry-wide header bidding integration enables advertisers and DSPs to have visibility to available ad impressions and place competitive bids for that inventory

InMobi, a global technology, media and marketing solutions provider reaching billions of people around the world, today announced that InMobi Exchange is now offering in-app header bidding across substantially all major mediation platforms, including AppLovin MAX, Amazon Transparent Ad Marketplace, Fyber FairBid, Google Open Bidding, ironSource and MoPub Advanced Bidding. This enables app developers to access InMobi’s most premium demand on their preferred platform while giving advertisers frictionless access to quality in-app inventory at scale. 

“Our integration with the world’s leading in-app header bidding solutions removes friction from the buying process while optimizing competition for all available in-app impressions in a single destination,” said Kunal Nagpal, SVP and GM, Publisher Platform and Exchange at InMobi. “This shift in the in-app ecosystem is long overdue and enables any app developer to access demand from the world's most marquee advertisers. We thank our mediation partners for their continuous support and are thrilled to further foster the growth of the bidding-first ecosystem.” 

“With bidding, we are able to optimize our advertising revenue by placing all of our apps' inventory, including video and display, up for auction to be bid on by all demand sources, like InMobi, at the same time,” said Sergei Efimov, CRO of FunCorp, a leading global developer of entertainment tech products and apps. “By increasing competition for our inventory through in-app header bidding, we’re able to increase our eCPMs overall and thus increase advertising revenue.” 

“Header bidding has been a game-changer for our app monetization strategy,” said Mark Beck, CMO and CFO of London-based mobile game studio, Tripledot. “Through in-app header bidding, we are able to drive up competition for our inventory to increase yield while simultaneously improving operational efficiency which means less work for our team. Putting all of our demand sources on equal footing through header bidding ensures that we are always given a fair price for our impressions.” 

The buy side is seeing the benefits as well. “With header bidding, we have more flexibility in finding the required scale at the right price with our target users. And with a single integration path via InMobi Exchange, we can now look forward to simpler supply paths, optimized performance across a diverse set of publishers and greater return on our ad spends, all adding up to our supply path optimization (SPO) goals,” said Dennis Mink, SVP of Marketing at Liftoff. 

Cognizant’s Announces Healthy Financial Results For Q2 2021

Some key highlights:

Q2 2021 is Cognizant’s highest-ever quarterly revenue, and the largest-percentage quarterly growth since 2015

Cognizant beat expectations this quarter (revenue was $125 million above the high-end of the company’s guidance range)

Cognizant employs more than 300,000 for the first time in its history, marking the company’s highest-ever headcount to date

In addition strong financial performance, we also put an intense focus on helping our associates. We’ve vaccinated 160,000 of our associates and families and have set up nearly 1,000 COVID-19 hospital beds for communities in India.

Cognizant CEO Brian Humphries’ quote in the press release provides context: “We delivered a strong second quarter. Through targeted investments, we’ve been shifting our portfolio to faster-growing market segments while extending our capabilities and partnerships to help clients build modern businesses. I see a stronger, more competitive Cognizant emerging, with growing commercial momentum. We are bullish on the industry and our prospects within it.”

Cognizant CFO Jan Siegmund is also quoted:   

“Second quarter top-line results exceeded our guidance, driven by improved demand for our services and momentum in our digital revenue, and we increased our full-year 2021 revenue growth to 10.2-11.2%,” said Jan Siegmund, Chief Financial Officer. “To meet the strong client demand for our services, we have continued to scale our recruiting capabilities and invest in our people."

Additional highlights:

Revenue of $4.6 billion grew 14.6% year-over-year (12.0% in constant currency)

Digital revenue grew approximately 20% year-over-year

$1.5 billion deployed on acquisitions, share repurchases and dividends year-to-date

2021 revenue growth guidance increased to 10.2-11.2%, or 9.0-10.0% in constant currency.

SMRP BV Enters Into Partnership With Marelli Automotive Lighting For Smart Illuminated Exterior Parts Of Vehicles

Samvardhana Motherson Automotive Systems Group BV (SMRPBV),  (a Motherson Group company), has signed an MOU with Marelli Automotive Lighting to explore a new technological partnership focused on smart illuminated exterior body parts. This intends to focus on components such as front grills and bumpers, along with other car parts that can be illuminated. These components are expected to become a growing trend in the future of mobility, with the increased adoption of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) in the coming years.

In the frame of the agreement, SMRP BV will contribute its strong expertise in the production of big plastic automotive parts through its operating subsidiaries, while Marelli Automotive Lighting will bring its extensive know-how in the field of automotive lighting and sensors integration to the collaboration respectively.

Alongside the lighting systems, smart illuminated grills and bumpers are expected to host a number of different sensors aimed at ADAS and Autonomous Driving functions (such as LiDARs, radars and cameras) together with communication functionalities which include displaying or projecting messages; thus, making them also a tool for sensing and V2X (Vehicle-to-Everything) communication. In terms of styling, illuminated parts have also a decorative function, as they can also integrate customised illuminated elements, which are being increasingly used in branding across vehicles.

SMRP BV is one of the world’s largest manufacturers of interior and exterior automotive components worldwide. The company through its operating subsidiaries, specialises in the development and manufacture of vision systems, and highly integrated polymer modules such as cockpits, door panels, front, and rear bumper modules etc. for the automotive industry. Marelli is one of the world’s leading global independent suppliers to the automotive sector. Marelli Automotive Lighting is the division of Marelli that develops solutions for external automotive lighting systems and sensors aimed at ADAS/AD.

Both partners also expect to further build on an existing long-standing relationship, which was started in 2008 through a joint venture to manufacture automotive lighting and related products, with four plants in India.

Commenting on this partnership, Mr Vivek Chaand Sehgal, Chairman, Motherson Group said, “Product innovation plays a very important role in meeting customer requirements. With the growing customer need to differentiate vehicles through styling elements, we have formed this relationship with our long-standing trusted partner Marelli Automotive Lighting. We are sure that this collaboration will help us develop exciting new products and thereby add value for our customers.”

Driving innovation and shaping the future of mobility together with our customers requires not only the ability to best respond to their current needs, but most of all the ability to anticipate forthcoming evolutions and rising market trends” stated Sylvain Dubois, CEO of Marelli’s Automotive Lighting division. “We are glad to join hands again with Motherson, as we already have a long-standing and successful partnership. We are sure that this new collaboration will be a solid step towards achieving new strategic developments in the evolution of the automotive market.”

About Motherson Group & Samvardhana Motherson Automotive Systems Group BV (SMRP BV)

Motherson Group is a diversified global manufacturing specialist and one of the world’s largest and fastest-growing automotive suppliers for OEMs. Motherson Group supports its customers from more than 270 facilities across 41 countries, with a team of over 150,000 dedicated professionals. The group recorded revenues of USD 9.8 billion for FY21 and is ranked 21st among the world’s largest automotive suppliers. Samvardhana Motherson Automotive Systems Group BV (SMRPBV) is a Motherson Group company, present in all major global automotive production hubs, with 72 manufacturing facilities spread across 25 countries. 

About Marelli

MARELLI is one of the world’s leading global independent suppliers to the automotive sector. With a strong and established track record in innovation and manufacturing excellence, our mission is to transform the future of mobility through working with customers and partners to create a safer, greener, and better-connected world. With around 58,000 employees worldwide, the MARELLI footprint includes 170 facilities and R&D centers across Asia, the Americas, Europe, and Africa, generating revenues of 1,266 billion JPY (10.4 billion EUR) in 2020.

76% Of The Nursing Staff Suffer From Back Pains And Other Musculoskeletal Disorders Finds A Godrej Interio Survey

* Launches a new hospital bed ‘Chrysalis Nova Activ’ to address the pressing needs of caregivers and aid in patient recover~

* Chrysalis Nova Activ is a premium product designed for the highest degree of care for patients in the spectrum of Intensive Care to Post-Operative Care 

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture solutions brand, in home and institutional segments, today launched the Chrysalis Nova Activ - The Intelligent Sense Bed for modern Healthcare spaces. With this new addition to the Chrysalis range of hospital beds, Godrej Interio is addressing the need for patient safety and the wellbeing of caregivers with the introduction of the Lateral Tilt Feature which can be accessed through the digital touch attendant control panel, among several other intuitive features.

During the second wave of the COVID-19 pandemic, the lack of healthcare infrastructure took its toll on the patients, it also pushed tired nurses and caregivers to their limits. This extended physical toil, especially across the extended shifts that nurses had to work during the peak of the pandemic and this can lead to developing long-term musculoskeletal disorders. According to a study conducted during the pandemic by Godrej Interio's Workspace and Ergonomics Research Cell, this strenuous work environment and culture leads to back pains and other muscular skeletal disorders in 76% of the nursing staff. Further, in case of patients, long stay in ICU wards can result in bed sores and other skin ailments.

Apart from the long hours, their work as caregivers can be quite physical. They need to turn the patients so they don’t develop sores, or move them to different beds. If a patient needs to be moved to the ICU or another ward, nurses need to physically shift them. An upgrade in infrastructure can cut down that statistic, drastically. For the same reason, companies in India are today manufacturing cleverly-designed, easy-to-use hospital beds that can improve outcomes for all stakeholders - from patients to caregivers.

As a solution to this problem, hospital beds like Godrej Interio’s Chrysalis Nova Activ comes with an intelligent technology which aids in the overall positioning of the bed, facilitates lateral tilt function which is accessible via a digital touch attendant control panel. Such technology makes room for hospitals to effectively manage their time and infrastructure, thereby enabling them to treat more patients. In addition to addressing the needs of nurses and caregivers, it improves patient comfort as the lateral tilt relieves pressure from sores and ulcers. Furthermore, it also ensures patient safety, tilting only when the sideboards are closed, and activating an alarm in the event the bed does not sense weight. The Chrysalis range is a premium and feature-loaded solution designed for ICCU, ICU, and super-specialty hospitals requiring high care.

On the new product launch, Anil Mathur, Chief Operating Officer Godrej Interio said, “At Godrej Interio, it has been our mission to enrich the quality of life every day everywhere. The Indian healthcare sector is growing at a brisk pace due to its strengthening of its coverage, services, and increasing expenditure by public as well as private players. However, it lacks in healing environments that focus on providing utmost comfort and safety to patients while handling challenges faced by caretakers especially in high care areas like the ICCUs, ICUs. At Godrej Interio, we continue to work on innovations that address the unique challenges faced by the healthcare industry and the Chrysalis Nova Activ is testament to it. This bed is designed with intuitive features such as the Lateral Tilt which eases the physical toll that would otherwise be borne by the dedicated nursing staff and provide healing environments for enhanced patient care. At Godrej Interio, we take great pride in continuously innovating to uplift the quality of experience at healthcare facilities.”

Sameer Joshi, Associate Vice President, Godrej Interio said, “The healthcare revenue in India is expected to reach $372 billion in 2022, posting a compounded annual growth rate (CAGR) of about 22% since 2016, according to the World Health Organization. However, the healthcare facilities in India are often incompatible with changing needs. Godrej Interio’s Healthcare business focuses on creating environments that support patients and families in process of healing. These ergonomically designed healing environments focus on the efficiency, empathy, and wellbeing of all stakeholders including patients, caregivers, and doctors. The newly launched Chrysalis Nova Activ hospital bed highlights our design philosophy which is based on adopting a human-centric approach and using adaptive space solutions for improved patient-doctor interaction.”

Chrysalis Nova Activ is a one stop solution for the areas in the super specialty hospitals requiring high care – ICCU, ICU, etc. This bed has the potential to drastically reduce the weight of a caregiver’s workload especially during the crunch cases, especially those battling COVID-19.

About Godrej Interio: 

Godrej Interio (GI) is India’s premium furniture brand in both home and institutional segments with a strong commitment to sustainability and centers of excellence in design, manufacturing, and retail. 

Led by the largest in-house design team in the country in the furniture category and awarded with 37 India Design Mark Awards to date, GI aims to transform spaces with its thoughtfully designed furniture to create brighter homes and offices with products that have the highest design quotient in aesthetics, functionality, and technology. With a consistent pursuit of excellence and a special focus on health and ergonomics, GI’s product portfolio comprises a massive range. 

Today, we design and manufacture furniture for office spaces, homes, educational institutes, healthcare facilities, laboratories, and more. Along with furniture, we offer Audio Visual, and 360 Degree Turnkey solutions. Each of our product range revolves around comfort and aesthetics while delivering well-designed, fun, and functional furniture solutions. Briefly, Godrej Interio transforms dream spaces to life!

Godrej Interio has 7 manufacturing facilities situated at Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. GI’s Shirwal Plant is Green Co Platinum Certified, and Mumbai Plants are Green Co Gold Certified. GI is widely known for its comprehensive sustainability certifications for its products in the furniture category. 

GI's commitment to the environment has resulted in manufacturing products with a lesser environmental footprint. Our pioneering efforts include designing less environment burdening products, usage of eco-friendly materials and setting up less polluting and consuming processes, ensuring eco-friendly packaging and transportation, and finally the extended responsibility of recycling/reuse of used furniture and scrap, thus ensuring a lifecycle approach to the green. GI has the widest range of green choices for our customers which not only includes products but also services such as green interiors and recycling. 

Currently present in over 650 cities with 250 exclusive showrooms and 800 dealers, GI is one of the largest businesses of Godrej and Boyce Mfg. Co. Ltd., part of the Godrej Group, one of India's largest engineering and customer product groups.

The brand boasts of noteworthy awards received so far- CII Exim Bank Award for Business Excellence 2016, Superbrands 2017-18, Reader’s Digest Most Trusted Brand 2018 Gold (Home Furniture and Modular Kitchen), TRA’s India’s Most Consumer-focused brand 2019, GreenCo Star Performer Award 2019, National Energy Leader Award at CII National Award for Excellence in Energy Management 2018. 

Worldline Partners With STAAH To Provide Next Gen Payment Gateway Solution

Worldline [Euronext: WLN] the European market leader in payments and transactional services and #4 worldwide has partnered with STAAH, a leading hospitality technology solutions provider to integrate its Next Gen Payment Gateway solution to enhance customer experience in India by offering comprehensive payment options for both domestic and international payment acceptance.

Worldline is incorporating its fully integrated payment product suite, Next Gen Payment Gateway with industry best success rate and seamless checkouts to provide end-to-end seamless payment experience to STAAH’s 12,000 partners. 

Apart from the Next Gen Payment Gateway’s standard and comprehensive payment options like UPI, Net Banking, Debit and Credit cards and Wallets, Worldline is tailoring the payment suite for STAAH by introducing payment options like corporate cards, corporate Net Banking to boost their international payment acceptance by including options like Multi-Currency Gateway (MCC), Dynamic Currency Conversion (DCC) and Foreign Cards (F-Card).

Ramesh Narasimhan, Head - Digital Commerce, Worldline India, said: "We are very proud to extend our partnership with STAAH, which is a clear sign of trust and appreciation. Our tailored payment offerings with comprehensive payment options for both domestic and international acceptance with the best success rate of our NextGen Payment Gateway will immensely benefit their customers. We look forward to continuing supporting STAAH with our 360-degree payment product suites for both online and offline payment acceptance in the future and to be their innovative and pro-active partner for the accelerating digital transformation.” 

Dhyey Sheth, Chief Business Development – India, STAAH said: “We are pleased to partner with a global leader, Worldline to avail tailored solutions to make payment experience seamless for our customers. The integration of NextGen Payment Gateway was a hassle-free process and we have observed a significant uptick in success rates. We look forward to working closely with team Worldline to further enhance our payment journey.” 

Worldline is providing these services through Ingenico ePayments India which is part of Worldline since October of 2020 and is offering merchants smart, trusted and secure solutions to empower e-commerce.

ABOUT WORLDLINE

Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2020 Worldline generated a proforma revenue of 4.8 billion euros. worldline.com

ABOUT STAAH

STAAH Ltd is a New Zealand-based technology company that specialises in cloud-based channel management and booking engine for accommodation providers to maximise online revenue. Founded by Gavin Jeddo in 2008, a pioneer in the field of distribution technology, STAAH’s industry-leading technology powers a property’s distribution through online travel agencies (OTA), direct bookings and digital marketing services. STAAH works with more 12,000 partner properties in more than 90 countries through its operations in New Zealand, Australia, India, Malaysia, Philippines, Thailand, Indonesia and UK.

Omidyar Network India & BCG Survey: RERA Has Created An Implicit Trust In Indian Real-Estate Consumers

* Survey also chalks out important next steps on improving awareness of the law & its provisions as well as the process of grievance redressal

Key Highlights:

High implicit trust in the idea of RERA

Thanks to effective promotion of RERA registration, awareness is high and that has led to the trust in the legislation

The work now needs to be done to build on that trust:

Four areas of improvement: more in-depth consumer understanding & widespread awareness, easy to navigate websites that share project & developer details, swifter grievance redressal, standardised RERA dashboards

Omidyar Network India (ONI) in partnership with Boston Consulting Group (BCG) today launched a report - “Five Years On: An assessment of RERA - The Road Ahead For a Stronger On-ground Regime” which gauges its impact on the crucial real estate sector since its enactment 5 years ago.

The report has found that the law has created an implicit trust in homebuyers because of two factors:  marketing by developers - primarily due to the usage of ‘RERA registration’ of properties as a marketing tool, and financial transparency – because developers must keep consumer payments made towards each project in a separate escrow account. However, the survey has also highlighted that while overall consumer awareness is high, the specific provisions of the law are still not well understood. It also shows that the implementation of the grievance redressal process still has many gaps.

Based on in-depth interactions with over 1300 customers, developers and regulatory authorities, the report highlights the impact of the legislation with each of these stakeholders. The report assesses RERA performance in 5 Indian states across key dimensions — customer awareness & education, transparency, accountability, timely grievance redressal, and overall confidence in the real estate sector. It examines whether the law has been able to address challenges of lack of transparency and efficiency at a micro (householder) and macro (real estate sector) level

According to stakeholder perspectives from Maharashtra, Uttar Pradesh, Madhya Pradesh, Orissa, and Karnataka, RERA has been effective in increasing consumer confidence and greater accountability:

●          76% of consumers who were aware of RERA only plan to buy RERA registered properties

●            5 out of 6 consumers seek redressal through RERA

●            Among developers, 64% of those surveyed were highly satisfied with the RERA authority

●          77% of all eligible projects have been registered under RERA

●            55% of developers surveyed were also able to secure loans more easily due to RERA

However, the report also pointed out that there is a lot of work to be done to streamline the understanding of the provisions of RERA, increase stakeholder confidence through even greater transparency and improve the grievance redressal process:

●            30% of consumers surveyed were still unaware of RERA’s role as a regulator

●            1 in 2 (50%) consumers reported being aware of just two benefits of the Act -the mandatory registration of the relevant projects and RERA as a grievance redressal forum  

●            Only 14% of all potential homebuyers have visited their relevant RERA site, and 24% of these consumers said that they were satisfied with the online experience

●            Meanwhile, 45% of all developers surveyed reported dissatisfaction with the RERA website

●            Only 22% of the consumers involved in a grievance redressal process were satisfied due to the uncertain timelines involved

With RERA now having been implemented in 26 states and UTs, this data also urges state RERAs and other policy stakeholders to build on consumer education and awareness, streamline processes and drive adherence across states; evaluate and steer policy-level shifts and thereby, facilitate growth and promotion of the sector.

Here is the Executive Summary of the report for reference.

The report was released by Shri Surendra Bagde, Additional Secretary (Housing), MoHUA, Government of India, Shilpa Kumar, Partner, Omidyar Network India and Neetu Vasanta, Managing Director and Partner, Boston Consulting Group and will be distributed to the Prime Minister’s Office, Niti Aayog, Chief Ministers, State ministries, RERA authorities and Secretaries amongst other dignitaries in the public and private sector.

Commenting on the launch of the report, Shilpa Kumar, Partner, Omidyar Network India said, “An average Indian household maintains 75% of all its assets in real estate. Combine this with the fact that 66% of civil cases in India are on land & property disputes, and it is obvious that RERA has a critical role to play. Our report shows that in the last 5 years, RERA has begun moving in the right direction, increasing consumer confidence in the real estate sector. However, the report also points to need for more focus on greater consumer awareness, better RERA websites & focussed grievance redressal to further improve consumer confidence in the sector.  This can drive better household balance sheets as well as India’s growth trajectory. Further, the report shows the direct impact good legislation can have on its constituents.”

“It is great to see the boost in consumer confidence that has been created by RERA over the last 5 years in the Real Estate Sector. However, there is still headroom to improve customer experience and unlock efficiencies in the sector by bringing in increased transparency and systemic accountability. A well-executed RERA can further improve private investments by 5-7% and potentially create 4-6 million additional jobs in the sector and related industries.”, Neetu Vasanta, Managing Director and Partner, Boston Consulting Group.

Speaking at the report launch event, Shri Surendra Bagde, Additional Secretary (Housing) MoHUA, Government of India, said “The real estate sector’s contribution the country’s GDP is significant and our vision is to grant further impetus to the industry and make it a 1 Trillion USD sector by 2030. The real-estate industry shows immense potential to grow once regulated by norms that instill confidence in homebuyers and developers alike. We appreciate the effort undertaken by Omidyar Network India and Boston Consulting Group to present a detailed picture of the on-ground reality and highlight the sector’s unrealized prospects. We believe that the report’s holistic analysis of the RERA ACT, its impact, shortcomings and pragmatic recommendations will resonate with all the relevant stakeholder and thereby propel transformation that will boost the development of the sector.”

ABOUT METHODOLOGY:

Viewpoints of 1300+ stakeholders were included through Primary Research Sources:

1.            RERA consumer research (N=1100+ real estate buyers/intenders) across 5 states: Maharashtra, Uttar Pradesh, Madhya Pradesh, Orissa, and Karnataka

2.            RERA developer research (N=150+ real estate developers) across 5 states: Maharashtra, Uttar Pradesh, Madhya Pradesh, Orissa, and Karnataka

3.            In-depth 1:1 interviews with state-RERA officials

Furthermore, to supplement the findings from the primary research, global and state-level benchmarking was conducted.

About BCG

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation — inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures — and business purposes. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

About Omidyar Network India

Omidyar Network India invests in bold entrepreneurs who help create a meaningful life for every Indian, especially the hundreds of millions of Indians in low-income and lower-middle-income populations, ranging from the poorest among us to the existing middle class. To drive empowerment and social impact at scale, we work with entrepreneurs in the private, nonprofit and public sectors, who are tackling India’s hardest and most chronic problems. We make equity investments in early-stage enterprises and provide grants to nonprofits in the areas of Digital Society, Education, Emerging Tech, Financial Inclusion, Governance & Citizen Engagement, and Property Rights. Omidyar Network India is part of The Omidyar Group, a diverse collection of companies, organizations and initiatives, supported by philanthropists Pam and Pierre Omidyar, founder of eBay.