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NAREDCO launches India’s first e-commerce housing portal-HousingForAll.Com

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NEW DELHI: National Real Estate Development Council (NAREDCO), an apex body, formed under the aegis of Ministry of Housing & Urban Affairs, Government of India, today announced the country’s first e-commerce housing portal – ‘HousingForAll.Com’, to create a trusted, secured and seamless journey for home buyers in India and abroad, along with giving a boost to Prime Minister Narendra Modi’s ‘Housing for All’ and ‘Digital India’ initiatives.

Launched by Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs, Government of India today, along with the NAREDCO’s leadership, the e-commerce housing portal will host a 45-day All-India Online Home-Buying Festival for ready-to-move-in homes, with over 1,000 projects expected to be listed.

The initiative was proposed and announced by Hardeep Singh Puri, Minister of State (I/C) for Housing and Urban Affairs during the First National RERA Conclave on November 4, 2019 in Lucknow to come up with a housing e-commerce platform.

Under the guidance of the Ministry, NAREDCO is happy to announce and launch this e-commerce platform which is a joint industry effort supported by various Industry Bodies, Members of National Real Estate Development Council (NAREDCO), CREDAI-MCHI, Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), Associated Chambers of Commerce and Industry of India (ASSOCHAM), Builders Association of India (BAI), and Indian Merchant Chambers (IMC).

Created by the Industry for the Industry, this platform seeks support from respective state governments, RERA authorities, developers, banks and housing finance institutions to create a transparent and seamless journey for home buyers.

The first-of-its kind online home buying initiative for projects that have received occupancy certificates (OCs) is directed towards creating a seamless, safe and transparent home-buying experience for home buyers and creating positive sentiment for the real estate industry, boosting confidence and faith amongst home buyers, enhancement of liquidity flow in the industry and contributing to growth of the economy.

After the launch, the portal will be open for one month only for the real estate developers to register their projects (January 14, 2020 to February 13, 2020). The portal will be opened for home buyers with a 45-day SALE Period starting from February 14th, 2020. For the initial 15 days, buyers will be able to view offers and shortlist their homes and will be able to start making the purchase of homes from March1, 2020 till March 31, 2020.

The portal will help buyers in accessing best priced inventory by builders for a limited time to take full advantage of best pricing. Buyers can also shop in comfort of home and book directly online. Buyers will be able to view complete listing info including floor plans, room dimensions, video tours of units and external views looking out from windows / balconies. They will also be allowed to create and save custom micro searches and properties to list of favourites.

Buyers will also be able to directly book/reserve a unit from the portal with a refundable payment of only Rs 25,000. They will also get ‘Money Back Guarantee’, where their initial buyer deposit made on portal is completely secured and fully refundable in case buyer elects not to purchase the unit. Customers will be immediately notified if any units they have shortlisted are already sold.

According to the industry reports, more than 1 lakh ready-to-move-in homes are available at present in the market and nearly 2.75 lakh new ready-to-move-in homes are expected to be added to the market over the next one year. NAREDCO expects this entire ready-to-move-in inventory to be available on sale through this e-commerce platform.

The event also unveiled the Knight Frank–FICCI–NAREDCO Real Estate Sentiment Index Q4 2019 survey, which revealed that after staying in the pessimistic zone (below 50 mark) for two consecutive quarters, the current sentiments of the real estate stakeholders in India has revived to the optimistic zone of 53 in the October-December quarter of 2019 (Q4 2019).

The report further indicates that the future sentiment score that had gone in the red for the first time in the preceding quarter of Q3 2019 has bounced back to 59 in Q4 2019. Though in the optimistic zone now, the outlook of stakeholders remains cautious with a majority of them opining that the market will stay at the same levels and not go down further in the coming six months.

Mishra,said “India has been rapidly improving on the Ease of Doing Business index. Technology adoption and prowess has made it possible across sectors. Real estate is not isolated. The sector has evolved and has become regularised and professional. As we continue to move ahead with developments, there was a huge requirement for an authentic source of information on the existing projects and the inventory. The portal, www.housingforall.com, will not just bring authentic information to all but will also offer a credible and real time property related data from around the country. The site that is dedicated to homebuyers will allow them to take an informed decision. I congratulate the entire sector stakeholders on the launch and also express my gratitude to the NAREDCO team, who has been instrumental in bringing the portal to consumers.”

Citing the achievements of the ‘Housing for all’ scheme, he added, “This also compliments the target of the government’s mega scheme, ‘Housing for all’. The target of housing for all seems to be closer and achievable. 1.03 crore housing units have been sanctioned. Of this, construction of over 60 lakh units has already begun under the Scheme. 32 lakh units have been delivered for possession.”

Dr. Niranjan Hiranandani, National President, NAREDCO, said, “The sector has gone through turbulent times so far. With improving sales and a recovery that we have witnessed in the past year, it is time that the industry joins hands and helps the consumer quickly make a purchase decision. The portal is designed for the all industry stakeholders with a powerful backend platform which manages and displays the most accurate inventory data in the market, and allows buyers to book their flats directly online.”

Buyers will have the ability to see floor plans, aerial videos, amenities, unit specifications, even video walkthroughs for each project.

According to government data, out of 1.12 crore demand of urban affordable houses, 1.03 crore houses have been sanctioned, 60 lakhs houses have been grounded and 32 lakh houses have been completed. “The launch of the e-commerce portal indicates the growth and evolution of the organised space, and how the discerning homebuyer of today is looking for a complete disclosure of the project details,” added Dr. Hiranandani.

Rajeev Talwar, Chairman, NAREDCO, said, “The rising levels of transparency and professionalism in the India’s real estate market has made it attractive for domestic as well as global investors. Reforms like the implementation of RERA and GST, and the introduction of REIT have increased the returns potential of this market. Reforms have not only revived the consumer sentiment but have also helped in raising capital. HousingForAll.Com is yet another effort in garnering support of today’s smart consumer, who wish to buy in quality projects. This way, developers have a platform, where homebuyers will have an option to buy from some of the finest projects of reputed developers”.

Commenting on other benefits that builders can achieve, Parveen Jain, Vice-Chairman, NAREDCO, said, “Through the listings, builders have been given a platform, which can create a ‘Call-to-Action’ from buyers. Builders will have the ability to create ‘special promotional sales’ and have a communication channel with all buyers, whose requirements match the project. This way, they can achieve huge savings on the marketing cost. Channel Partners can automatically register Buyers directly with the Builder for protection of compensation and elimination of future disputes.”

Rajan Bandelkar, President, NAREDCO Maharashtra, said, “The aim of this event and the platform would be to not just generate sales but also inspire confidence in the minds of the consumers, developers, banks and HFIs and other stakeholders and allied industries. Such an exercise in long run would have a far-reaching effect and positive impact on the economy of all the States and Union Territories, hence the nation at large.”

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Yotta’s Cloud Data Center in GIFT City, Gujarat goes live

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NEW DELHI: Yotta Data Services, an end-to-end Digital Transformation service provider, has announced that its state-of-the-art data centre facility, “Yotta G1”, located in GIFT city, Gandhinagar is ready for service (RFS).

The opening of this data center marks the debut of Yotta in Gujarat and progresses the company’s mission to provide digital services in India’s high-growth markets.

G1 is Yotta’s fifth data center facility in the country. It joins four large operational data centers, two of which, at Navi Mumbai and Greater Noida are part of hyperscale campuses. Yotta G1 is uniquely located inside the International Financial Services Center (IFSC) zone of Gandhinagar’s Gujarat International Finance Tec-City (GIFT city).

G1 represents an investment of more than INR 500 cr. over five years across critical non-IT and IT / Cloud / AI compute infrastructure. The data center has a capacity of over 350 high-density racks and 2 MW power (which can be scaled further as per demand). The facility is designed to meet the most demanding digital needs of its customers, who may be located within GIFT City or anywhere in the world, by seamlessly delivering fault-tolerant facility infrastructure, high-performance Cloud compute and storage infrastructure, advanced physical and cyber security, unmatched connectivity, and steadfast sustainability.

For large global enterprises operating in the GIFT City IFSC zone, the G1 data center functions as a potential data embassy, whereby their data stored is subject to the laws and regulations of their home country, thus allowing them to maintain sovereignty over their data, even when stored in India. By storing data in a physically different location, global enterprises can ensure continuity of operations in case of major disruptions within their borders. The data center’s location also ensures compliance with the IFSC regulations, providing businesses in the zone with distinct advantages like free foreign exchange convertibility, a liberalised regulatory environment, and business-friendly policies. It also helps enterprises adhere to IFSC’s compliance requirements, including being mandated to host their data within the IFSC zone.

Commenting on the announcement, Darshan Hiranandani, Co-founder and Chairman, Yotta Data Services, said, “The state of Gujarat, with GIFT City, has been at the forefront of providing a viable and sustainable platform for global businesses to set up base in India. The setting up of the IFSC zone is a further testament to their vision for financial services companies. We are proud to support this vision of the Gujarat government with a state-of-the-art data center within the IFSC zone, providing the latest and best in cutting-edge technologies to help businesses set up and scale their businesses while also adhering to all regulatory requirements.”

Adding to this, Sunil Gupta, Co-Founder, MD & CEO, Yotta Data Services, said, “Yotta’s G1 marks a pivotal milestone in delivering high-end data center, Cloud, AI compute, storage, connectivity and cybersecurity services to enterprises both on a global and local scale in the Gujarat region. Besides serving the domestic enterprises within and outside GIFT City, our data center shall serve as a potential data embassy for global enterprises, enabling them to adhere to their respective country’s laws while offering a dependable and secure locale for offshore data storage.”

G1 data centre stands distinct in GIFT city for being a data center offering more than just colocation services. True to Yotta’s stature as the end-to-end digital transformation partner of choice for enterprises, G1 brings forth a suite of key features, ranging from advanced data security and customised business solutions to an indigenous hyperscale cloud offering, AI-GPU compute offering, state-of-the-art infrastructure, cybersecurity expertise, seamless integration with managed IT services, 24/7 customer support, cost optimisation, and an overall competitive edge.

This announcement follows on the heels of Yotta’s recent launch of its cloud services – Shakti Cloud and Yntraa Cloud. Powered by NVIDIA’s top-of-the-line GPUs, Shakti Cloud is India’s largest & fastest AI-HPC supercomputer, delivering cutting-edge GPU computing infrastructure, platforms, and services, including Infrastructure as a Service, Platform as a Service, and Software as a Service. Yntraa Cloud, on the other hand, is a truly indigenous hyperscale cloud platform at par with global cloud platforms, offering an exhaustive range of cloud products and services.

 

 

 

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Optiemus Infracom joins hands with Corning International

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NEW DELHI: Domestic contract manufacturer Optiemus Infracom has entered into a joint venture with US-based speciality glassmaker Corning International to set up India’s first manufacturing facility for producing high-quality finished cover glass parts for the mobile consumer electronics industry.

The collaboration between both the companies will help expand India’s electronics manufacturing ecosystem, as the Indian government strengthens its Make in India initiative. As a part of the joint venture, the companies strategically aim to set up a world-class manufacturing facility in India, powered by cutting-edge technologies and processes.

Driven by a shared commitment to innovation and technological excellence, this collaboration will pave the way for the manufacturing of “Made in India” finished cover glass parts for use in mobile consumer electronic devices, and other cover glass applications, to meet the needs of next-generation mobile consumer electronic devices.

The joint venture signifies a powerful synergy between Optiemus’s deep domestic industry and manufacturing knowledge of electronics and telecom market and Corning’s globally-acclaimed expertise in advanced glass technology. By combining these strengths, the joint venture aspires to not only establish cover glass manufacturing capabilities and capacity in India, but also to contribute significantly to the creation of jobs and skill development within India’s thriving technology sector, the companies said in a statement.

Ashok Kumar Gupta, Chairman, Optiemus Infracom, said, “It is a matter of great pride for us to actively contribute to the growing manufacturing ecosystem in the country. With this joint venture, initiated in line with the vision of Hon’ble Prime Minister of India of ‘Make in India’ programme and the “Atmanirbhar Bharat” initiative, we are committed to make available world-class high-quality products for global and local brands.”

“Embarking on this new journey, we intend to emerge as one of the top manufacturers of finished cover glass parts for use in mobile consumer electronic devices in the next five years. Our collective expertise in innovation, design, and manufacturing, will provide holistic solutions for the brands,” Gupta added.

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MediaTek Catch-up with Tech: Infinix Zero 30 5G with Dimensity 8020 launched

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NEW DELHI: Chipset maker MediaTek, which claims to power more than two billion connected devices every year, hosted ‘Catch-up with Tech’ in collaboration with handset brand Infinix on August 28 to share insightful and engaging conversations about the new-age smartphones and innovative technologies powering everyday lives.

The meet-up threw the spotlight on the MediaTek Dimensity Auto, Satellite solutions and Generative AI along with an extensive showcase of newly-launched Infinix Zero 30 5G powered by MediaTek Dimensity 8020, Infinix GT 10 Pro powered by MediaTek Dimensity 8050, and Infinix QLED TV powered by MediaTek.

In terms of specs, the Infinix Zero 30 5G is tailored for young storytellers and creators, featuring the first-ever smartphone to deliver 4K 60fps video recording from its 108 MP OIS rear camera and ultra-high resolution 50MP front camera. The Zero 30 series powered by MediaTek Dimensity 8020 is said to be a game changer for the front camera vlogging experience along with being the slimmest curved AMOLED smartphone in the segment with glass and a vegan leather back panel. It also claims to be one of the most premium-looking devices in the segment.

The event witnessed a panel discussion moderated by Anuj Sidharth, Deputy Director Marketing & Corporate Communications, MediaTek and included expert panelists from Infinix, MediaTek and two renowned professional photographers.

“With the fifth edition of Catch-up with Tech, we aim to bring consumers closer to the technology and enable them to make informed buying decisions based on their diverse needs. In collaboration with Infinix, this meet-up is in-line with MediaTek’s vision of technology democratization and making innovative technology accessible to everyone,” said Anku Jain, Managing Director, MediaTek India. “The MediaTek Dimensity 8020 in Infinix Zero 30 5G brings faster displays, brilliant cameras and ultra-fast performance. Further, MediaTek Imagiq technologies enrich the capture experience by combining dedicated AI, imaging processors and accelerators to provide incredible results,” he added.

Anish Kapoor, CEO, Infinix Mobile India, said, “Featuring India’s first 50MP 4K 60 fps video recording, Infinix Zero 30 5G is primed to redefine smartphone imaging capabilities, setting a new standard for the creators and vlogging enthusiasts. Our collaboration with MediaTek has played a pivotal role in shaping our exceptional smartphone portfolio, and the Zero 30 5G stands as evidence of our unwavering commitment to innovation and delivering unmatched experiences to our users. The display and design of the device represent a leap forward in smartphone technology. As Infinix Zero 30 5G hits the shelves, we are positive that our customers will find this new offering as exhilarating as we do, further empowering creators to capture their story like never before.”

Radhakrishnan Chakyat, a photography evangelist, founder and host of Pixel Viilage, said, “Infinix Zero 30 5G smartphone powered by MediaTek Dimensity 8020 chipset has amazing hardware features, an excellent camera, dual-view video mode and is primed for optimal content creation and saves a tremendous amount of editing time.”

Aarzoo Khurana, a wildlife photographer, said, “Over the last few days, I clicked various pictures and recorded a few videos with the newly-launched Infinix Zero 30 5G powered by MediaTek Dimensity 8020, and the experience has been truly inspiring. Infinix’s smartphone’s OIS feature helps content creators click shake-free pictures and the front camera, which is extremely sharp and detailed, enables content creators to click countless selfies.”

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