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  Rapid growth of the Dwarka Expressway, increased availability of RTM homes, and the involvement of reputable builders boosted inquiries According to a recent study by 99acres.com, residential transactions in Gurugram increased by more than 10% due to spillover demand from the previous quarter and developers' flexible payment schemes. Due to the limited number of new home buyers in the market, residential enquiries in Gurgaon fell by about 15% QoQ in January-March 2021. “Gurugram has a high job potential, based on its consistently improving ranking because both the service and manufacturing sectors are thriving. Many reputable builders and developers are bringing groundbreaking residential and commercial projects to this area. There are developments where buyers can enjoy green acres away from the pollution of the area,” says Pawan Sharma, Director, Value Homz. According to the Proptiger.com data, the city saw the launch of 448 units in Rs 3-5 crore, nine units above Rs 7 crore, a...

  All India Gem & Jewellery Domestic Council (GJC) urges Maharashtra Chief Minister to allow jewellers to operate on Gudi Padwa & other summer festivals as well as the auspicious wedding season in April-June. GJC requests Maharashtra CM to give relief to MSME jewellers and avoid 2nd successive year when jewellers/ consumers will have to operate in lockdown. Mumbai, April 2021:  All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry, has written to the hon. Chief Minister (CM) of Maharashtra Shri Uddhav Thackeray ji to allow lakhs of jewellers to operate on the auspicious festive occasion of Gudi Padwa (New Year for Maharashtrians) and other summer harvest festivals such as Ugadi, Chaitra Navratri, Jhulelal Jayanti on Tuesday April 13, 2021; Mesha Sankranti, Solar New Year, Puthandu, Vishu Kani, Masik Karthigai, Ambedkar Jayanti and Baisakhi on Wednesday, April 14, 2021; and Gauri Puja, Gangaur, and Pohela Boishak...

  USED CAR RETAILING PLATFORM   SPINNY RAISES USD 65 MN IN SERIES C ROUND LED BY GENERAL CATALYST   Mumbai, Wednesday - 8th April 2021 Spinny, a full stack used car retailing platform in India, announces the closure of USD 65 Mn Series C funding round from new and existing investors. The round was led by silicon valley based venture capital firm General Catalyst - early backers of Airbnb, Stripe, Snapchat, Vroom, Cazoo, etc. Other new investors in the round include Feroz Dewan’s Arena Holdings, and Think Investments. In addition to these, the round saw participation from existing investors Elevation Capital (the Fundamentum Partnership, and others. The additional funding takes the overall funds raised by Spinny till date to more than USD 120 Mn. Over the last 12 months, Spinny has constantly added multiple industry-first initiatives such as Spinny360 - interactive inventory viewing, Assured Buyback program - tenure based flexible car ownership, online booking, and doorste...

  Driving two-wheeler industry recovery in Q4, Honda sells total 411,037 units in March’21     April 1, 2021:  Building on the demand momentum despite renewed COVID challenges, Honda Motorcycle & Scooter India Pvt. Ltd. closed March 2021 on a positive note.   Honda’s domestic sales in the month of March grew from 245,716 units last year to 395,037 units in March’21. With 16,000 units exported during the month, Honda total sales (domestic + export) closed at 411,037 units in the month.   Overall, Honda closed FY2020-21 (April’20 to March’21) with total sales of 4,073,182 two-wheelers. This includes domestic sales of 3,865,872 units and exports of 207,310 units.   Honda 2Wheelers India closed Q4 of FY’2020-21 with 31% growth, contributing the maximum - that is nearly every 3 rd  incremental two-wheeler sold in India .   Giving an overview of fiscal year 2020-21,  Mr. Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Moto...

    JCB India launches its range of CEV Stage IV Backhoe Loaders   National: 31 st  March 2021   India’s leading manufacturer of Earthmoving and Construction equipment, JCB India Ltd flagged off its new range of CEV Stage IV Backhoe Loaders at its Headquarters at Ballabgarh (Delhi-NCR). The range includes the new 3DX Plus, the 3DX Xtra, the 3DX Super & the 4DX to meet a wide range of applications for customers.   The new Backhoe Loader range is powered by the well-established and reputed 55kW JCB ecoMax diesel engine. This CEV Stage IV engine is environment friendly and comes with well-proven CRDI technology, a Waste-Gate Turbocharger & a Two-Stage cooling EGR system. A unique feature of this engine is that it has a state-of-the-art combustion system that eliminates the need for any After-treatment, DOC (Diesel Oxidation Catalyst) or a DPF (Diesel Particulate Filter). This engine also has no deration at higher altitudes thus greatly benefitting cust...

  Sunteck Realty Ltd enters JV to develop 7 acres of waterfront residences at Borivali West in Mumbai; Estimated to see a revenue generation of over INR 1750 crores   Project to see a potential development of approximately 1mn sq ft Revenue generation of Rs 1750 crore (Rs17.5 billion) envisaged for the next 4-5 years Luxury residential development with premium sea view living JLL India was the exclusive transaction partner   Mumbai, March 31, 2021:  Sunteck Realty Limited, the BSE and NSE Listed premium property developer in Mumbai has secured a marquee ~7 acre land parcel at Borivali (West). Sunteck Realty Limited would develop a luxury residential project in the upmarket residential locality. JLL India was the exclusive transaction partner for the JV.   Acquired under the asset light JDA model the residential project in the western suburbs of the city is spread across 7 acres and will have approximately 1 mn sq. ft of development potential. It is expected to g...