Sunstone’s advantages now available at Sri Sukhmani Institute of Management, Delhi

Sunstone, India’s leading higher education service provider with a presence across 15+ cities in 50+ institutions, now offers its benefits to Sri Sukhmani Institute of Management, Delhi, an All India Council for Technical Education (AICTE) accredited institute. Sunstone’s benefits would now be available to students enrolled in SSIM’s PGDM programme.

 

The Institute has collaborated with Sunstone to enable students to join industry-centric and employment-oriented courses and succeed in achieving their goals. Furthermore, Sunstone’s extensive network of 1000+ recruiters will provide students with a vast pool of placement opportunities in leading companies.  Sunstone’s expansion in Delhi, capital of the country, is a response to the city’s growing status as a hub for higher education. As a result, the city has become a magnet for students from across the states who aspire to pursue higher education.

 

Commenting on the announcement, Mr. Ankur Jain, Co-Founder and CBO, of Sunstone, said “We are glad to offer Sunstone’s benefits at Sri Sukhmani Institute of Management in Delhi. We aim to provide SSIM students with practical knowledge, exposure to relevant industries, and tech-driven training to make sure they are prepared for the workforce from day one. Sunstone is continuously working towards unleashing the potential of the youth of India by reducing the industry-academia gap in our country.

 

Sunstone offers a curriculum that is tailored to meet the requirements of the industry, providing students with the opportunity to acquire advanced-level certifications, participate in industry-integrated internships and projects, gain valuable IT skills, and build their professional portfolios. Students also receive training on life and soft skills and can access a range of interest-based organizations, sporting and cultural events, student exchange programs, and membership in a dynamic digital community of Sunstone’s student network. As a result, students receive a more comprehensive and well-rounded education.

 

On the announcement, Dr. Kanwaljit Singh, Chairman for SSIM, Delhi said,The collaboration with Sunstone would go a long way in providing global exposure to our students at our institute. We aim to offer a unique opportunity to our students to join courses, which primarily cater to the needs, and requirements of Industry 4.0 in the country. This partnership will also help the SSIM students in getting good placement opportunities. Our programs and Sunstone’s advantages will together provide students with critical industry-oriented learning thereby ensuring that they have placement assistance and sound career growth.”

 

Students enrolled at Sunstone campuses can take advantage of an industry-oriented curriculum by obtaining advanced certifications, participating in immersive industry-integrated internships and projects, gaining in-demand IT skills, and developing a professional portfolio. Sunstone also offers life skills and soft skills training, access to interest-based events, sports meets, cultural fests, student exchange programs, and membership to a dynamic digital community of Sunstone’s student network, among other things, for more holistic and comprehensive education.

 

High-end residential market sees a phenomenal 1.5X Year-on-Year increase in sales value for luxury homes worth over INR 50 crore in 2023: JLL

The luxury real estate market in India experienced a remarkable increase in the sales value of luxury homes priced at INR 50 crore and above, reaching INR 4,319 crore in 2023, a significant increase of approximately 1.5 times compared to the value of INR 2,859 crore recorded in 2022. This surge in sales value was accompanied by a rise in the number of transactions, with at least 45 luxury homes sold in 2023, compared to 29 homes sold in the previous year. Out of the 45 transactions, 58% were apartments and the rest 42% were bungalows.

The city of Mumbai emerged as the leader in this segment, witnessing a total of at least 29 luxury homes sold, with a combined value of INR 3,031 crore. Delhi NCR followed closely with at least 12 luxury homes sold, worth INR 1,043 crore. Bengaluru also witnessed at least 4 transactions in this segment, amounting to a sales value of INR 245 crore.

The luxury residential market showcased its resilience and vigour, with a combined sales value of around INR 7,177 crore for the years 2022 and 2023. This upward trajectory in sales reflects the strong economic fundamentals of the luxury real estate market and the rising demand for distinctive living experiences among affluent home buyers.

Mumbai witnessed most transactions, primarily in the Malabar Hill and Worli micro markets. Golf Links and Vasant Vihar were the top performing submarkets in terms of luxury residential sales in Delhi NCR. Gurgaon also saw a couple of luxury apartment transactions. The average size of apartments sold increased by 18% compared to the previous year, indicating a preference for larger homes.

Looking at the combined sales for the years 2022 and 2023, the luxury residential market recorded a substantial value of around INR 7,177 crore.

  2022 2023 % growth
No of homes sold 29 45 55%
Total Sales value (in crore) 2,859 4,319 51%

Source: JLL Research

Note: Luxury transactions include both bungalows and apartments. It encompasses both primary market and resale transactions.

Analysis is based on transactions available on various secondary sources and does not include any gift transactions and JDs/JVs.

According to Dr. Samantak Das, Chief Economist and Head Research & REIS, India, JLL, “The increase in number of luxury residential transactions in 2023 demonstrated the robust demand for such high-end properties in India.  Notably, out of the 45 luxury homes sold in 2023, 14 homes were in the price segment of INR 100 crore and above, with majority (79%) of them in Mumbai. The interest for such properties is expected to strengthen in future as there is both the aspiration for high-end bespoke living and the confidence of affluent buyers in the long-term value that these properties hold.”

It is interesting to note that in terms of transaction breakdown, apartments accounted for 58% of the total luxury deals, while bungalows made up the remaining 42%. Twenty-six apartment transactions were closed, majority (92%) of them in Mumbai. Whereas most of the bungalow transactions were recorded in Delhi NCR.

  Homes sold in 2023 priced INR 50 crore and above
Apartments 26
Bungalows 19
Total 45

Source: JLL Research

In the first two months of 2024, at least four homes priced at INR 50 crore and above have already been sold with a combined worth of INR 397 crore. We foresee an upward trend in luxury residential transactions in 2024. With a growing segment of high-net-worth individuals seeking exclusive and opulent living spaces, the demand for luxury properties is expected to surge. Moreover, with growing number of HNIs in the country, the demand for these homes will grow further” explained Ritesh Mehta, Senior Director, and Head (North and West), residential services and developer initiative, JLL India.

GD Goenka Group to Expand its Presence, Set To Establish 12 New Schools from April 2024

GD Goenka Group is delighted to announce the inauguration of its 12 new partner K12 schools across India from April 2024.

 

With a firm commitment to providing quality education and fostering holistic student development, the expansion marks a significant milestone in the group’s journey towards shaping the future of young minds.

 

“The new schools aim to cater to the growing demand for high-quality education while bringing GD Goenka’s renowned curriculum and teaching methodologies to more communities across the country. These exceptional campuses are equipped with modern facilities and amenities to enrich students’ learning environment,” said Mr. Nipun Goenka, MD – GD Goenka Group.

 

With this, the group aims to create a network of educational institutions that not only deliver academic excellence but also nurture well-rounded individuals equipped with the necessary skills and knowledge to thrive in Industry 4.0. Moreover, this will take the overall count of GD Goenka Schools above 130 Pan-India, with a presence in 20 states.

 

Expressing his enthusiasm about the expansion, Mr Gaurav Himkar, Group CEO, said, “The opening of these 12 new schools reflects our dedication to building a larger pool of mutual benefits for GD Goenka partner schools by being a member of a pan-India GD Goenka ecosystem.”

 

The new institutions will offer a wide range of academic opportunities tailored to the needs of students from diverse backgrounds and regions.

 

Sharing more details about the group’s expansion plans, Mr Vipin Jha, Director of partnerships, said, ”A lot of new generation entrepreneurs reach out to us for partnership and have built world-standard school setups in the past couple of years. We have a steady pipeline of such new schools at least until the end of this decade.”

 

Echoing his views, Mrs Bharati Sharma, Director of partnership Engagement, said, “The opening of these 12 schools underscores our commitment to expanding access to quality education. By providing state-of-the-art facilities and innovative learning environments, we aim to inspire and empower the next generation of leaders, thinkers, and innovators.”

This expansion is a crucial step towards achieving the vision of a nation where every child has access to quality education, laying the groundwork for a brighter and more prosperous future for generations to come.

ESAF Small Finance Bank opened Retail Asset Hub in New Delhi

ESAF Small Finance Bank, one of the leading small finance banks in India, has opened its Retail Asset Hub in New Delhi. The asset hub is expected to facilitate seamless collaboration among various teams – Business, Credit, and Operations. The establishment of Retail Asset Hub marks an important milestone in ESAF Small Finance Bank’s expansion strategy and demonstrates its vision of providing accessible financial services across the country.

 

John Samuel, Non-Executive Nominee Director of ESAF Small Finance Bank, inaugurated the Retail Asset Hub. Among the distinguished guests was Hemant Tamta, Executive Vice President, Shubhankar Sengupta, Sr. Vice President, ESAF Small Finance Bank, and Jata Shankar Mishra, BBH NW2 marked the commencement of the event. Durgeshwar Mishra, Managing Director of Shubh Lakshmi Finance, customers from MSME, Mobility, and Mortgage product segments, along with DSAs and vendors. During the event, sanction letters were handed over to customers across different product categories, symbolizing the bank’s commitment to meeting their financial needs.

Embrace innovation with Goldmedal Electrical’s Opus Prime BLDC fan: A perfect combination of style & performance

Goldmedal Electricals, one of India’s leading Fast Moving Electrical Goods (FMEG) companies, has announced the launch of the Opus Prime BLDC fan. This brand-new, super decorative ceiling fan not only accentuates modern décor but also offers efficient performance with its 28-watt BLDC copper motor.
The BLDC technology in the Opus Prime BLDC fan performs 40% more efficiently than conventional fans. Its elegant motor design ensures optimum airflow even at low voltages. The anti-dust feature reduces maintenance by preventing dust accumulation. It contributes to cleaner air quality, making the fan more user-friendly and long-lasting. Additionally, it features six LED lights to indicate speed levels and comes with a remote control for convenient operation from anywhere.
Other features:
1. Energy efficient: The BLDC technology in the Opus Prime BLDC significantly reduces power consumption. Its advanced technology ensures a greener, cost-effective cooling solution.
2. Silent operation: The motor of the BLDC fan operates silently, even when it is powered by an inverter.
3. Highly durable: The high-grade copper used in BLDC fans enhances efficiency, performance, and durability, thanks to its superior conductivity and heat dissipation qualities.
Commenting on the Opus Prime BLDC, Mr. Bishan Jain, Director, Goldmedal Electricals said, “Climate change and environmental sustainability are one of the most pressing global challenges today. Hence, it has become imperative that we actively choose energy-efficient technologies and solutions that not only consume less energy but also have a net-zero impact on the environment. We, at Goldmedal, have been striving to provide energy-efficient fans that offer performance and style at affordable prices. The BLDC technology has proven to possess remarkable features including environment friendliness, cost-effectiveness, low power consumption, durability, and much more. With the introduction of the Opus Prime BLDC, we aim to reduce your power bills and cut the carbon footprint emission on the environment for a greener planet.”
The Opus Prime BLDC is available both online and in retail stores for Rs. 5,999/-. It comes with a 5-year warranty.

IIM Calcutta & Emeritus launch Advanced Programme in Strategic Project Management to address modern project complexities

In today’s dynamic and competitive business landscape, organisations are increasingly relying on projects to achieve their strategic goals and objectives. However, effectively managing complex projects demands skills beyond traditional project management (PM) skills. Acknowledging the need to equip project managers with essential skills and effective tools and methodologies to navigate the complexities of modern projects, IIM Calcutta, ranked 4th by NIRF 2023, launched the Advanced Programme in Strategic Project Management in partnership with Emeritus, a global pioneer in offering accessible and affordable high-quality education to individuals and organisations.

This 9-month high-impact programme is meticulously designed for mid and senior-level executives aiming to spearhead strategic initiatives with a project-oriented approach. Additionally, it is also beneficial for individuals with direct or indirect experience of working on projects, aiming to transition between project management domains or prepare for more challenging roles in Strategic Project Management. It caters to those seeking a shift from project execution to steering project portfolios for business growth, aligning projects with organisational goals, fostering innovation through in-demand techniques, and honing their leadership skills for effective project and team management.  Graduate (10+2+3) or diploma holders (10+2+3) from AICTE or UGC approved university with a minimum of nine years of work experience and a minimum of 50% in Graduation/Post Graduation can apply for this programme.

According to the PMI Talent Gap Report 2021, project management-oriented employment in India is expected to witness a remarkable 36% growth from 2019 to 2030. The global economy needs 25 million new project professionals by 2030. To close the talent gap, 2.3 million people will need to enter PMOE (Project Management-Oriented Employment) every year just to keep up with evolving demands. The IIM Calcutta Advanced Programme in Strategic Project Management aims to equip participants with a comprehensive understanding of strategic project management principles, tools, and techniques. Through a combination of theoretical insights and practical applications, participants will gain the expertise needed to navigate the complex landscape of modern project management.

The IIM Calcutta Advanced Strategic Project Management Programme, designed by renowned IIMC faculty, includes live online sessions totalling over 120 hours delivered by top IIM Calcutta faculty. It features profound case studies, simulations for real-time project decision-making, real-world actionable insights, peer-to-peer learning, and 7-day in-campus immersions covered in two visits. Additionally, participants engage in a Capstone project. The modules of this program cover macro perspectives, tactical and operational issues, as well as behavioural aspects of project management.

This programme will enable participants to:

  • Evaluate the impact of organisational structure and culture on project success.
  • Assess and manage project risks proactively to minimise negative impacts
  • Develop effective project financing strategies to support project execution.

 

  • Gain a 360-degree view on project leadership in the 21st century
  • Develop and implement project monitoring and problem-solving strategies to identify and resolve issues promptly
  • Implement effective communication strategies to keep stakeholders informed, engaged, and aligned throughout the project lifecycle
  • Demonstrate proficiency in crafting and implementing strategic project portfolios aligned with organisational goals

 

Commenting on the launch of the programme, Mohan Kannegal, CEO, India and APAC, Emeritus, said, “Today’s fast-evolving business landscape demands agile leaders who can navigate complex projects with strategic foresight. We are confident that IIM Calcutta’s Advanced Programme in Strategic Project Management will address the pressing need for strategic project management expertise, providing participants with practical tools and insights to lead projects successfully. As organisations increasingly focus on achieving strategic objectives through projects, this programme becomes essential for professionals looking to enhance their project management skills and contribute effectively to their firms. We at Emeritus remain committed to bringing high-impact programmes in collaboration with an esteemed institution such as IIM Calcutta that not only empowers professionals with the skills but also helps them navigate the market transformations.”

The programme is all set to begin on March 30, 2024, at a fee of INR 3,87,000 + GST taxes. Participants will be awarded a Certificate of Completion from IIM Calcutta on completing all evaluation components with minimum pass marks in the respective evaluation components and having a minimum attendance of 75%. They will also be eligible for IIM Calcutta executive education alumni status.