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Muskan Aggarwal

Muskan Aggarwal
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From November 12, Berger Paints to hike prices by 10%

By
Muskan Aggarwal
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Following cost pressure, in the third quarter, the paints major has detected a flat net profit. Abhijit Roy, the managing director of Berger Paints brought up that price hike was certain and most of its adversaries have already raised the price.

From November 12, Berger Paints to hike prices by 10%

From November 12, one of the country’s leading paint manufacturers, Berger Paints is all set to increase the product prices by 10%. Due to pressure from high raw material costs the organization has already raised the price by 6-7% in the last few months.

Following cost pressure, in the third quarter, the paints major has detected a flat net profit. Abhijit Roy, the managing director of Berger Paints brought up that price increase was certain and most of its adversaries have already raised the price.

Though, revenue from operations for the quarter was up by over 27.6% to Rs 2,225 crore from Rs 1,742 crore. For the first half, the revenue from operations noticed a 50% jump.

During the quarter, a maximum of the paints manufacturers have de-grown. He added “Last year, revenue was down but profit went up because raw material prices were low. This time the opposite has happened.”

This Fiscal (2021-22) year the Berger MD was optimistic that the company would cross Rs 8,000 crore turnover. For the last few years, Berger is witnessing an average CAGR of 18%. In 2024 the 100th year of the company he was optimistic that it should reach the Rs 10000 crore mark in terms of revenue.

Assets worth $115 to be sold by China Aoyuan

By
Muskan Aggarwal
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In the small developer’s units, Double Bliss, Mingwan Investments and Prestige Well an approximate loss of over HK$177 million ($22.7 million) were anticipated from disposal of shares and loans

Assets worth $115 to be sold by China Aoyuan

On Sunday, In Hong Kong Stock exchange filing, China Aoyuan the Chinese property developer said that it would dispose of some of the assets seized in its Hong Kong units for HK$900 million ($115.5 million). The HK$900 million comprises sales of shares and loans.

In the small developer’s units, Double Bliss, Mingwan Investments, and Prestige Well an approximate loss of over HK$177 million ($22.7 million) were anticipated from disposal of shares and loans.

In recent months China‘s property sector has been under serious pressure and attention as China Evergrande Group grapples with feasible insolvency.  It made a last-minute bond payment last week but that achieved little to appease concerns in the country’s broader property segment

“Having regard to the prevailing market conditions, the directors consider that the disposal represents a good opportunity to realize the value of the properties, enhance the liquidity of the group and generate additional working capital,” Aoyuan’s filing read.

On Sunday, Chinese developer Sunac China Holdings individually declared a HK$5.1 billion share sale in a stock exchange filing. It will also position shares in its property services unit for HK$2.3 billion.

The company statement said, “The purposes of the placing and the subscription are to further enlarge the company’s shareholder base and optimize the capital structure of the company.”

The world’s most indebted developer Evergrande has been falling from deadline to deadline as in liabilities it asserts with more than $300 billion, out of which dollar bonds are of $19 billion.

Ban on construction activity from November 14 to 17 due to increasing Delhi pollution

By
Muskan Aggarwal
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Due to rubble burning in neighboring states, the pollution level is increasing, said the Delhi CM and called upon all stakeholders to work together to withstand it. The chief minister said all the stakeholders should work together to confront the difficulty of air pollution in Delhi.

Ban on construction activity from November 14 to 17 due to increasing Delhi pollution

On Saturday, Delhi Chief Minister Arvind Kejriwal to deal with the pollution crisis faced by the city announced various emergency measures including a ban on construction activities, closure of schools and colleges for a week and government employees’ work from home.  After an emergency meeting, the Chief Minister told reporters that the proposal for lockdown will also be represented by his government before the Supreme Court.

Due to rubble burning in neighboring states, the pollution level is increasing, said the Delhi CM and called upon all stakeholders to work together to withstand it. The chief minister said all the stakeholders should work together to confront the difficulty of air pollution in Delhi.

The situation in Delhi -NCR due to air pollution is termed as an “emergency” situation. On Saturday, the Supreme Court asked the Centre and the Delhi government to take timely measures to enhance the air condition and recommended steps such as stopping vehicles and clenching a lockdown in the national capital.

From November 14-17 construction activities will be prohibited. No construction work should be carried out between these days. Kejriwal said for one week the schools will remain closed from Monday given high air pollution levels. Work from home will be carried out involving government offices and an independent advisory on it will be handed out for private offices, he said.

Kejriwal said, In the past few days, the pollution level has gone up and till 30 September data shows the air was clean with the air quality index below 100, but it has been increasing thereafter continuously due to crop residue burning in neighboring cities.

He said “This is not the time to point fingers. The Delhi government only wants to provide relief to Delhiites and children from emergency-like situations and ensure they breathe fresh air.”

Deputy Chief Minister Manish Sisodia, in a tweet later said, “All schools, colleges and educational institutes in Delhi will remain shut next week as pollution levels hit emergency level.” He said the Delhi government is not putting a lockdown but it will recommend a proposal in the Supreme Court after taking the central government into confidence and conferring with all central agencies as it will be a powerful step.

Nagpur civic body plans to construct Metro Mall in 30 months

By
Muskan Aggarwal
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Nagpur civic body plans to construct Metro Mall in 30 months

Recently, the NMC had shortlisted a private agency that has agreed to pay Rs10 crore more than the bid amount of Rs 45 crore.

The Nagpur Corporation has been holding the work of Metro Mall construction for almost two years.  Now the NMC (Nagpur Municipal Corporation) wants that within 30 months Metro Mall construction should be finalized. In this regard, the NMCs project department had submitted a proposal and a meeting was going to be held on 10 November.

In October 2019 the civic body had floated tenders in which a base price of Rs. 45 crore was fixed for the 35,000 sq. mt. land where the mall will emerge. Some private agencies have been shortlisted by the NMC lately which have decided to pay more than the bid amount which is Rs. 10 crore more than Rs. 45 crore decided earlier.

Praful Ved Infrastructure Company Ltd had been finalized by NMC for its project which agreed to pay 10 crores more which is Rs. 55.55 crore. Soon, MoU will be signed by the NMC with the organization.

Tenders to build eight floors have been floated by NMC. The floor will consist of a shopping mall, restaurant and multiplex with rooftop food court. The mall, which was the phase-I scheme of the Orange City Street project, will be a public-private partnership project.

Stage-wise payment will have to be made by the firm to the civic body says the project department. According to the proposal, in the first installment the firm will have to pay Rs. 2 crore within 60 days and Rs. 3 crore in next six months.

Besides this, by its chairman, Prakash Bhoyal 14 more proposals will be tabled before the standing panel meeting. Like previous standing panel meetings, the BJP-ruled NMC has recommended recarpeting 12 tar roads and converting tar roads into cement concrete.

For the other proposed works, NMC has proposed to spend Rs. 88.20 lakh which comprise laying of sewer line worth Rs. 49.88 lakh in Khalasi Line in Gaddigodam, construction of retaining wall of a nullah in Shivaji Nagar under Gandhibagh zone.

During Jan -Sep 4% drop noticed in office space leasing said CBRE

By
Muskan Aggarwal
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According to the report for the third quarter of the calendar year 2021 ”The India Market Monitor Market’, during the July-September quarter, CBRE said 13.5 million square feet of space was leased, up 140 percent from the previous quarter.

During Jan -Sep 4% drop noticed in office space leasing said CBRE

During January-September this year, office space leasing fell over four percent to 25 million square feet. According to CBRE, due to the negative impact of the second wave of the Covid-19, this drop was noticed across six prominent cities.

According to the report for the third quarter of the calendar year 2021 ‘The India Market Monitor Market’, CBRE said during the July-September quarter 13.5 million square feet of the area was leased, up 140 percent from the previous quarter.

The consultant said, “Space take-up of 25 million square feet recorded in 2021 YTD (year-to-date), a marginal drop of 4 percent year-on-year.”  Nearly 34.3 million square feet of supply addition witnessed in 2021 YTD, marginally up four percent year-on-year, it said.

Anshuman Magazine, chairman and CEO (India, Southeast Asia, and Middle East & Africa) of CBRE, said, “India’s real estate market has proven to be resilient over the last year. The overall outlook for the Indian real estate continues to be positive – back of an accelerated vaccination drive, policy reforms, and increasing urbanization.”

“Looking ahead, as mobility improves and a comeback to the physical office environment picks up, overall absorption is expected to grow marginally compared to 2020,” the report said. On the outlook, as compared to last year overall absorption of office space is expected to grow marginally CBRE said.

With more allotment to ‘we’ space over ‘me’ space the layout of the workplace is possible to change, as occupiers comprehend the importance of the physical office as a base for collaboration, relationship, and culture, the consultant said

“Occupiers are expected to incorporate more flexible spaces while re-optimizing their portfolios with the realignment of ‘core + flex’ themes,” it said.

In July-September 2021 housing sales jumped nearly 46 percent q-o-q (quarter-on-quarter) to 50,000 units and during January-September this year sales backfired considerably by about 86 percent y-o-y.

$300 million to be invested by Experion Developers in student housing

By
Muskan Aggarwal
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In two years the Indian arm of Experion Holdings Pvt. Ltd. Singapore, aims to reach 50,000 beds. With 750 bedrooms, Experion is going to launch its first property in Greater Noida. And after this, the organization plans to expand its properties in areas like Jalandhar, Hyderabad, Bengaluru, Pune and Mumbai.

$300 million to be invested by Experion Developers in student housing

A top official said that famous Real estate developer Experion Developers Ltd will invest $300 million in the country’s student housing market. The investment is accomplished as demand for co-living has recovered following the Covid-19 disruption. The first property is probably likely to be open by the next academic year.

CEO AND board member of Experion, BK Malagi said “We plan to open our first property in the next academic year, which will begin in June 2022.”  He added, “We’ll go with an asset-heavy approach in which we own and operate the property.”

In two years the Indian arm of Experion Holdings Pte Ltd, Singapore aims to reach 50,000 beds. With 750 bedroom Experion is going to launch its first property in Greater Noida. And after this, the organization plans to expand its properties in areas like Jalandhar, Hyderabad, Bengaluru, Pune, and Mumbai.

Malagi said “At the moment, the majority of co-living operators acquire or lease existing buildings that were not built with this segment’s needs in mind,”

He added further, “However, we intend to build it for student housing or co-living.”

To provide students with all facilities the organization is partnering and discussing with various universities. It is agreed on to build and operate student housing facilities on campuses only. Malagi said, “There will be a combination of on-campus and off-campus facilities.”

“We are in talks with numerous colleges about campus facilities, and one of the largest, with 28,000 beds, might be completed shortly,” he said.

Feng Shui wealth items that will boost your luck!

By
Muskan Aggarwal
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Feng Shui wealth items that will boost your luck!

There are a bunch of time-honored beliefs and playthings speculated to bring you good luck and eliminate bad power from your area.  Feng Shui is simply a way of persuading positive power (known as chi) by positioning objects in a specific order. Feng shui is also known to establish energies around you which enable you in your luck of wealth. To accomplish that, there are certain feng shui items for wealth for your home. These cheap feng shui items are not guaranteed to bring you wealth but will give you the required support to achieve wealth.

So here we have some of the best feng shui items for wealth for you –

Peony

The peony flowers used to pertain to the Chinese royal family only, and not everyone can have access to these wonderful flowers. So the peony is related to high social status, good prosperity, and charm. It is extremely familiar to see a Chinese ink portrait of peony flowers in a living room or family room. The flowers tend to be relatively large and bright. They can bring joyous energy and happiness.

Laughing Buddha

It is one of the most common and cheap feng shui items known to us. And for bringing wealth, a laughing Buddha made up of bronze is kept in houses. In living spaces, it should be kept near the entrance or a place that is direct to the entrance door. It is also very beneficial to keep it on your work desk as it greatly helps in your career and relieves stress.

Try a salt lamp

These decorative lights are excavated out of pink Himalayan salt and are known for their range of health advantages. Using a salt lamp supposedly cleans the air in your home, soothes allergies, boosts your mood, and even promotes more restful sleep

Feng Shui coins

Also known as old Chinese coins, feng shui coins are an old and powerful way of attracting wealth. The shapes of these coins (square and circle) symbolize heaven and earth. To use these coins what you have to do is tie three coins together with a red thread. Then hang these tied coins inside the entrance of your house to display that you already have wealth!

Turtle Drago

Turtle dragon is one of the ancient feng shui items for prosperity in history. It has the assortment of energies of both the dragon and the turtle. Maintaining this in your house brings numerous advantages like increased income, career improvement, business success, etc.

Lucky bamboo

Lucky bamboo is very identical to the bamboo outdoors. It is one of the “4 gentlemen” plants in Chinese culture. That comprises plum blossom, orchid, bamboo, and chrysanthemum. They are usually depicted together in Chinese ink paintings, symbolizing people of high virtues and moral standards. Bamboo is usually related to scholars and literary arts. In feng shui, the lucky bamboo is often used to enhance intelligence and exam luck.

Gold Ingots

Gold has always been a symbol of wealth and prosperity. Gold ingots are a feng shui item for wealth, which have been used traditionally over the years. They have a boat shape and are ancient Chinese currency. The best way to get the positive results of gold ingots is to keep them in front of a laughing Buddha or turtle dragon.

Dragon Head Sailing Ship

The sailing ship is considered to bring wealth from the wind and water. And that is the reason why many businessmen keep this feng shui item for money in front of their offices and stores. The placement of this ship should be in such a way that it is fact to face the entrance of the place where it is kept. This symbolizes that the ship is going inside.

Fish Figurine

According to feng shui, fish is a symbol of profusion. Likewise, flowing water also attracts wealth. And a combination of both, which is the aquarium, is kept by people in their homes. But sometimes, it becomes difficult to maintain the aquarium, and then comes fish figurines. And therefore, many people keep fish figurines instead of living fish to attract wealth.

0.05℅ hike in home loan rates by Kotak Mahindra Bank

By
Muskan Aggarwal
-

As per an official statement home loan which was earlier 6.50 percent, will now be offered by private-sector lenders at 6.55 percent which indicated a rise of 0.05%.

0.05℅ hike in home loan rates by Kotak Mahindra Bank

On Monday Kotak Mahindra Bank declared a 0.05 percent hike in its interest on mortgages. Kotak Mahindra Bank is the first mover in starting belligerent play on home loan rates. As per an official statement home loan which was earlier 6.50 percent, will now be offered by private-sector lenders at 6.55 percent which indicated a rise of 0.05%.

A rate decline in September was announced by the lender as a basis of a festive time move. Later on, this was interpreted by other lenders and industry players as well. To meet the competition right now other lenders are providing loans of 6.45 percent.

Ambuj Channa, president of consumer business said “Our special 60-day festive season offer has been deeply appreciated by home buyers and we have seen very strong demand momentum – both in fresh cases and balance transfers.” The new rates will be applicable till December 10, the statement said.

It can be remarked that industry players have been worrying that the rates – which are at a decadal low right now – are at a furrow right now.

The central bank is widely anticipated to begin revoking its ultra-accommodative standards launched in the imprint of the pandemic, which led to a liquidity flush and reduced lending rates.

On Sunday the bank’s chief executive and managing director Uday Kotak had tweeted “Central banks and sovereigns globally have 1 medicine for all problems: print money. Distorts value and values. Like climate change, it is the future generation’s problem. We need to solve it, not kick the can. The future is here. Future is now.”

Let your stars decide best colours for your rooms

By
Muskan Aggarwal
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Let your stars decide best colours for your rooms

When perpetrating to a paint color that will fashion your surroundings, it’s significant to reckon how different complexions make you feel. At the end of a lengthy day, do you strive for the satisfaction of a smooth blue or the power boost of a fiery red? When concluding the perfect right paint color for your environment, it’s useful to think about your personal needs established on your astrological sign. What if we assist you by advising you that you can select a relevant color according to your zodiac sign! Colors have the instant propensity to influence your mood and behavior. And if this tendency gets complimented with your stars, it’ll be like the icing on the cake! Because whether it be your ‘’everyday horoscope’’ or checking out romantic compatibility, if we always consult the zodiac signs then why not for bedroom interiors also!

Aries (March 21-April 19): Persimmon Orange

When it comes to excitement and heroism, you already know we’re talking about you, Aries. You’re unfailingly brought out to influential colors, such as red or orange, which is no wonder due to its association with energy and power. Arranging an orange-red complexion on your walls may appear like a powerful choice, but selecting a shade like Persimmon Orange enables you to feel in your aspect without coming off too hard. And this hue won’t make others feel intimidated or driven away.

Taurus (April 20-May 20): Quiet Green

Taurus like things to be at peace, compiled and put together—exactly like you. Earth tones favor to suit you adequately since they give you an understanding of being rooted and calm, even when everything else is violent and beyond your supervision. Going with a color such as Quiet Green will re-energize you and provide you with the emotion of being attached to the Earth and all the enthusiasm that comes with it.

Gemini (May 21-June 20):- Yellow

Gemini people are recognized for their social, witty, and vibrant nature which makes them flexible to nearly everybody. And which color can be animated than our very own foamy yellow! Since yellow never goes out of fashion and never comes to be boring, it serves excellent for their otherwise easily-bored personality.

Cancer (June 21-July 22):- ocean blue

If emotion was water, then Cancerians would be reckoned an ocean! That is the amount of sensitivity and soft-heartedness they retain. Quiet and imaginative by nature, the color light blue distinguishes their personality the best! It facilitates their soul without being too faint for them.

Leo (July 23-August 22):- Purple

If we speak about drama or severe emotions and do not take Leo’s name, it would be just outrageous! So the color complementary to their drama and creativity is the color of royalty which is purple. They entertain and spice up everybody’s life with their magnetic presence everywhere they go and with the purple color of their bedroom, their personality will just enhance!

Virgo (August 23-September 22):- Creamy colors

Known for their intelligent and wise personality, Virgos have an instant liking for the color cream! Cream color in Virgos’ bedrooms works in favor of their practical side in making decisions and also makes them look even more meticulous than they already are!

Libra (September 23-October 22):- nature green

Libras are the most loving people one will ever meet! And the most balanced too! They perfectly know where to give their heart & soul and where to draw a line. Going by these traits, the color green which is the most balanced color works best for them! It suits your soft side which keeps appreciating beauty!

Scorpio (October 23-November 21):- Cold Brew

Anyone who remembers you is aware of your fascination and enthusiasm, and you want your space to express those characteristics as well. You are brought out to all aspects bold and impressive, so choosing a shade such as Cold Brew isn’t problematic or odd for you. You know having a space that lets you retreat from the rest of the world and enables you to reflect is significant, and darker tones give you that peaceful, yet intense atmosphere you flourish so well in.

Sagittarius (November 22-December 21): Chocolate Color

Never to mince with words, Sagittarians are full of wisdom and meaningful words. They can instantly lift your mood with their words. And guess who else lifts your mood? Yes, you guessed it right, CHOCOLATES! And that is the color for them! Chocolate color enhances their ‘agony aunt nature!

Capricorn (December 22 – January 19):- Grey

Always ready with plans even after 5 years, they have a reserved and hardworking personality. Always being neutral and at peace, the color grey seems to be just meant for their bedroom. It complements their serene nature.

Aquarius (January 20 – February 18):- Orange

Liberation is what characterizes them the best! They never shy away from attempting new things which may look extraordinary to others and this makes the orange color suit their identity according to their zodiac sign! People may find orange a little bizarre for a bedroom, but Aquarians have played a huge role in making orange the new black!!

Pisces (February 19 – March 20):- Blue

Like Cancerians, Pisces is also compassionate. And that is the reason they are interested in blue color, though a darker version of it. They are creative and imaginative which makes them a little dreamy. And therefore, blue for Pieces works best for them having a calming effect on them!

Get positive energy in your study room with these Vastu tips

By
Muskan Aggarwal
-

Get positive energy in your study room with these Vastu tips

Studying requires a lot of awareness, attention, and focus; also, this procedure of learning needs, or mandates a place where one sits with a calm, composed, and open mind, a place where the grasping strength of the mind is heightened; a place which improves retention capability of the brain; a place where one is relaxed and can study undisturbed.

This place is what you call a “Study Room”.

Accordingly, here are some Vastu tips for the study room to be followed to be able to study peacefully and with unmatched concentration. So we bring for you these really simple tips to make your study room a Vaastu Compliant one

  1. Study room in the east direction

The east direction should be the main choice for the study area. Because the source of energy, the Sun, wisdom, educational power, surges in the east. So, if you want these facets of the Sun in your child, according to Vastu shastra, this direction is excellent.

  1. Avoid placing mirrors in the study room

Vaastu Shastra says that there should not be any reflectors in the study room. Mirrors give the misconception of the workload being double what it is. This may establish excessive tension and anxiety for the person who is studying.

  1. Arrangement of study table

How can a study room be complete without a study table? It is an essential part of a study room. So, placing the study table according to Vastu rules and guidance is necessary if you want maximum benefits from your Vastu-compliant study room.  It is recommended not to scatter your things here and there on a study table. Make it clean and clutter-free. You can put glass-framed inspirational ideas or posters on the study table, as these posters or pictures always inspire a student while studying. If you need a table lamp, better choose the southeast portion of the study table for it.

  1. Adequate light for studying

Proper lighting of the study room is pivotal for concentration and the potential to study. Dim lights should always be avoided as they hinder the focus of the student. Sunlight symbolizes positivity and thus, the windows of the study room should be in the north or east of the room. Table lamps are also a source of bright light that can be used for concentration. It should be kept on the southeast side of the table.

  1. Placement of Bookshelves as per Vastu

As you may have noticed by now, the favorite directions of study are North, east, and northeast! Bookshelves also follow the same path and demand to be placed in the same directions! Cleanliness being the most important, the bookshelves should not be cluttered and scattered with books as they cause uncalled-for confusion. Placing bookshelves above the study table is a common practice which is avoided because it brings needless or dispensable stress to the student.

  1. No bright colors in the room

As appealing as bright colors may seem to be, but they should be avoided for the study room. The walls of the study room should be painted in light colors such as white, light green, blue, cream, etc. These light colors are considered auspicious and help in building the retention and memory power of the child.

  1. Room shape is important

If possible, first the study room should be of pyramidal shape to get desired and positive outcomes as per Vastu rule for study rooms. But sometimes it is not possible so you can go for the usual rectangular and square shapes.

Referred above are some fundamental Vaastu tips for a Vaastu Compliant study room. However, it is precisely instructed to talk with a Vaastu expert to make modifications in your study room as the Vaastu Shastra is applicable as per the location and direction of the house, its entrance, and other aspects.

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