STUDENTS VACCINATION DRIVE AT

                             STUDENTS VACCINATION DRIVE AT VELAMMAL

In a bid to contain COVID & Omicron variants,  Velammal Main Campus organised a mega  vaccination drive for the students of classes X to XII on 4th January 2022.

 Around 4000 students enthusiastically gor vaccinated in this massive vaccination camp.

  Velammal Main Campus in Association with Greater Chennai Corporation organised this massive campaign for a noble cause.

 Parents were grateful to the management for taking a timely initiative to safeguard the students during this pandemic.

  Mr. Joseph Samuel, MLA, Ambattur Constituency inaugurated this vaccination drive.

  It was presided over by Shri M V M Velmohan, Correspondent of Velammal Educational Trust and Mrs.Sheela, District Health Officer, Ambattur.

   Mr. Mansoor and Ms. Sahana Sanitary officers were also present at this occasion.

JLL launches residential property portal

                                        JLL launches residential property portal JLLHomes.co.in

Portal showcasing pre-screened properties, allocating dedicated relationship managers to each homebuyer and creating a seamless home buying experience

JLL, the country’s largest real estate consultancy firm today announced the launch of its residential portal JLL Homes.co.in. The portal enables prospective homebuyers to choose from an array of residential projects that have been pre-screened by professionals from JLL.

With a focus on delivering an exceptional experience for homebuyers, the Firm leverages its in-depth research-backed knowledge and follows a ‘Relationship’ model. Each prospective homebuyer is assisted by one of JLL’s experienced relationship managers to identify relevant options and handhold them through their homebuying journey. This makes the home buying process seamless for the customer, who otherwise has to deal with the unorganized players in this sector, resulting in screening of often irrelevant information and multiple calls from multiple sources.

How do homebuyers’ benefit?

·           Pre-screened homes
·           Dedicated relationship managers
·           Best deals at zero brokerage (on primary transactions)
·           Clutter free site with no ads
·           Property listings verified by JLL
·           No incessant calls from multiple brokers

Due to restrictions on site visits and other safety protocols owing to the pandemic, homebuyers today are increasingly turning to online platforms for their initial home search. Owing to long term disruptions caused by COVID, JLL estimates that  with platforms such as JLL Homes, the trend of online home searches will continue to prevail.

“The inherent need to own a home due to the pandemic has given a boost to the residential segment in the country. As a result, we witnessed an 18% rise in sales in the first half of this year compared to the same period last year, which is proof that the residential market has emerged resilient from the pandemic. With JLL Homes, we offer a unique and customer-centric platform with over 4,000 projects backed by the trust of the JLL brand,” said Radha Dhir, CEO and Country Head, India, JLL.

“The world we live in today is a digital one and searching for a home is no different. Online searching maximizes the ability to compare potential homes by selected features. Most of this is done before a potential home buyer connects with a real estate agent. With JLL Homes, we address a lot of the pressing issues homebuyers face today, be it during online searches or offline transactions closures. We offer our customers a hassle-free home buying experience while respecting their privacy. Clients with purchasing power wants to look for larger homes, given the expanded space requirement for work from home, children’s online education and family recreation. For our NRI clients planning to invest in India, it will be convenient to browse and shortlist properties and we will also arrange virtual visits to offer a seamless experience.” said Siva Krishnan, Managing Director, Residential Services, India, JLL.

With a conducive policy environment and one of the lowest home loan rates in the last decade, this is a good time time to buy a home. The residential market in the country saw sales picking up in the last few months. In the second quarter (April-June) of 2021, sales increased by 83% as compared to Q2 2020, across the top seven cities in the country. By comparison, in Q1 2021, sales of residential units continued an upward trajectory, increasing by 17% on a sequential basis. During the first wave of COVID-19, residential sales dropped by a record 61% quarter-on-quarter to 10,753 units in Q2 2020. However, the impact of the second wave has been limited with sales in Q2 2021 dipping by 23% to 19,635 units.
 
For more information and to experience the site, please visit www.jllhomes.co.in

Kellogg South Asia Reinforces Commitment to Being a

 Kellogg South Asia Reinforces Commitment to Being a Strong Employer Brand
with the launch of Employee Value Proposition

Defines its EVP as ‘Nourish Your Grrreat’

Kellogg South Asia today announced the launch of its ‘Employee Value Proposition’, extending its promise as an employer to existing and potential talent. With an overarching EVP statement ‘NOURISH YOUR GRRREAT’, Kellogg South Asia promises to help its employees realize true potential by providing opportunities to thrive. The EVP will come to life through three strategic pillars, namely, ‘Be the Real You’, ‘Make a Mark’, and ‘Do a World of Good’ and will be shared with all employees across corporate, retail, and the shop-floor in an engaging format, and simultaneously reflect in the company’s external communications across all its major platforms moving forward.

The EVP will give shape to Kellogg’s fundamental ethos, which is being a ‘people first’ organization. This has already reflected in myriad ways in recent years where the workforce required greater attention. Established programs around COVID emergency response preparedness such as ‘Kare’, ensuring the holistic growth of employees without physical limitations, 80% of employees covered in training programmes in the last one year, and serving 1.1 million meals to people in need amidst the lockdown, all stand testament to this fact. The EVP will reiterate Kellogg’s commitment to give employees numerous opportunities to make their mark, leverage a culture where they can be themselves, and do a world of good to the consumer and community around them.

Kellogg South Asia’s EVP came together authentically through the work of a cross functional team with representatives from different departments of the organization to provide the most holistic perspective. Over the course of one year, close to 850 interactions within the company and the FMCG sector were studied via deep-dive interviews and surveys, to ensure the EVP was rooted in what employees and external partners felt about the organization. The team also scanned social and third-party platforms to gauge general consensus in the talent market about Kellogg as an employer.

Commenting on the launch of Kellogg’s EVP, Mohit Anand, Managing Director, Kellogg South Asia, said “The launch of our EVP is a celebration of everything Kellogg stands for. While the core principles of our EVP were always ingrained in our organization, the external articulation of our EVP will help us recruit, onboard and engage the brightest minds in the industry. Our goal for EVP is to attract and retain people who know would be valued, supported with compassion, and where the culture aligns with their own beliefs and purpose.”       

Also commenting on the launch of EVP, Nimisha Das, Director HR, Kellogg South Asia said, “Kellogg is a strong consumer brand that has made its way to the hearts of many consumers, and our EVP gives us a chance to tell our story as an employer and give the brand a new identity. This is the most significant step towards nurturing and building an exceptionally strong talent pool. We are certain that the principles which form the bedrock of our EVP will not only help us attract the best talent but will also allow us to celebrate and build pride in the organization for our existing employees.”

Vinay Thakker, Founder, CEO, Oddinary said, "Creating the Employee Value Proposition for Kellogg's was an emotional journey for us. It involved multiple rounds of discussion and a deep dive into the culture that makes the company what it is today. The pride and love for the company was palpable even as the team briefed us. The K family is one big unit dedicated to moving ahead together, supporting each other at every step of the way. There is constant effort to work towards the betterment of consumers, employees, the community and the planet. Once this understanding and brief sunk in with us, the campaign practically wrote itself."

Sankalp Beautiful World and Save

                            Sankalp Beautiful World and Save Shakti Foundation
                                feeds street animals during covid lockdown

With Covid Second wave hitting very hard and Government declaring lockdown most of the street Animals have been left unattended. Sankalp Beautiful World in association with Pedigree India has taken up the initiative to feed the voiceless during lockdown.

Pedigree India has donated 3.5 tons of dog and cat food to Sankalp Beautiful World to feed these voiceless during lockdown. Sankalp Beautiful World and Save Shakti Foundations are working together to feed the voiceless since the lockdown started. For last 15 days the volunteers of Sankalp Beautiful World and Save Shakti Foundation have been feeding dogs and cats across Chennai.

 

 

You may be aware that consequent to the lock down imposed due to the Covid-19 outbreak, there is a drastic reduction in human activity across Chennai. This reduced human activity has resulted in lack of food for the community/ street animals. The lack of food for these community/street animals might result in reduced immune status resulting in death of these poor animals or induce some behavior changes like increased aggression etc. Either way this would be deleterious to the society. Says Goutham Chander, Founder, Sankalp Beautiful World.

HEALTH CONNECT SUPRA Industry’s most preferred top up

HEALTH CONNECT SUPRA Industry’s most preferred top up product from Liberty General Insurance

·         Critical Illness Cover

·         Helpful in COVID

·         Wide range of Sum Insured from Rs. 3 lakh to 1 crore

 

Liberty General Insurance’ HEALTH CONNECT SUPRA POLICY is a Super Top-Up product for all health emergencies in this pandemic. It offers best top-up plan for individual and the family with sum insured option of up to Rs. 1 crore coverage.

Supra has been Liberty General Insurance’s best-selling product within its product basket as well as the industry because of various reasons. Firstly, the product has a super competitive premium and has features including no co-pay, no sublimit and no room rent restrictions. All day care procedures are covered which are approved by IMA and the product offers a Sum Insured option up to 1 crore. The policy offers several other benefits to the policyholders such as In-patient Hospitalization, Pre-Hospitalization, Medical expenses incurred prior to the Covered Hospitalization for 30 DAYS and 60 DAYs for Post-Hospitalization, Day care Procedures, Loyalty Perk of 10% every claim free year, Preventive Care, among others.

Mr. Roopam Asthana, CEO & Whole Time Director, Liberty General Insurance said, “As the unfortunate COVID-19 tragedy persists, hospitalization is resulting in hefty bills.  A super top-up product with adequate sum-insured keeps the family financially protected even when medical emergencies arise with huge medical expense. With its reload option, the base Sum Insured availability is doubled during the year if exhausted for the same or even an unrelated medical event in the policy year. Through this product the Insured has to spend a comparatively smaller amount to get higher Coverage on their Health Insurance Plan.”

Key Features:

·         Option to choose unique features like Reload, AYUSH and Emergency world-wide coverage.

·         Entry Age: Adults: 18 years – 65 years Children: 91 days to 25 years

·         Tenure: 1/2/3 years

·         7.5% discount for 2 years and 10% discount for 3 years

·         10% discount for direct policy purchase

·         Avail 5% loyalty discount if you already have a Health Policy of Liberty

·         10% family discount if 2 or more family members are covered on individual Sum Inured basis

·         Tax savings under section 80D of the Income Tax Act 1961

·         Assured policy renewal for life without exit age.

Rishina Kandhari steps up and becomes Maharashtra's

        Rishina Kandhari steps up and becomes Maharashtra's COVID warrior 

COVID Pandemic's second wave has hit the country hard. All the industries including entertainment are suffering the effects of the pandemic. The lockdown has been in effect for the past 15 days and the shoots are on hold. 

Some actors are using the time to spread positivity and love on social media and some are using it to help the people get the right medicine, blood type, plasma and oxygen along with sometimes even helping them get beds at the hospital or shelters. 

Actress Rishina Kandhari takes a step up and joins hand with Punyakarma Foundation to help the families fighting covid. Rishina is known for her work in Diya Aur Bati, Uttaran, Yeh Un Dino ki Baat hai and many more hit Tv series. The actress recently shared on social media how to virtually be there for the people struggling with the virus but she still found and heard a lot of cases rising and families fighting for their loved ones live. 

The actress reached out to multiple shelters and distributed medicines that people were struggling to buy. Her major donation to the NESCO shelter was praised by the doctors and staff members. She along with her volunteer friends reached out to maximum people and helped as many as they could this year. 

Last year Rishina Kandhari and the foundation fed 2 lakh migrant workers in 60 days who were away from their homes. Rishina said, "With the increase in the demand of heavily priced medicines and oxygen cylinders around us, we understood how we can help and hence we donated antibiotics and sanitization kits which would help the families."

To help the infected people in the rural area of Maharasthra she also has planned ahead and quotes, "The virus has now reached the rural areas of Maharashtra and we are here to help the ones incapable of helping themselves. Our agenda is to reach out to the doctors who are in touch with the families of the infected people and get them the right medicines within the first 7 days of the virus being detected so that the situation gets under control and the oxygen cylinders aren't required as the shortage is really a big issue. 

The actress in the coming week will be visiting the rural areas such as Karjat, Safale and Wada to give the required help. She urges, "please stay indoors and stay safe. Mask and sanitiser are a must whenever you step outside for an emergency."

Mahindra’s Farm Equipment Sector Sells

 

Mahindra’s Farm Equipment Sector Sells
26130 Units in India during April 2021

 

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for April 2021.

 

Domestic sales in April 2021 were at 26130 units, as against 4716 units during April 2020.

 

Total tractor sales (Domestic + Exports) during April 2021 were at 27523 units, as against 4772 units for the same period last year.

 

Exports for the month stood at 1393 units.

 

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 26130 tractors in the domestic market during April 2021 with a growth of 454% over last year. High growth witnessed in April 2021 is due to low base due to nationwide lockdowns in April last year. There have been disruptions in supply chain due to localised lock downs and availability of oxygen along with dealerships in few states getting closed impacting demand momentum. All agri related fundamentals continue to remain strong, with bumper rabi crop harvest and forecast of a normal monsoon. We expect that tractor demand will bounce back as farmers start preparing their land for Kharif crops in the ensuing weeks. We continue to monitor evolving Covid situation across the states with key focus on safety of our people and partners. In the exports markets, we have sold 1393 tractors, a growth of 2388% over last year and have a strong order book.”

 

 

Farm Equipment Sector
	April
	F22	F21	%Change
Domestic	26130	4716	454%
Exports	1393	56	2388%
Total	27523	4772	477%

 *Exports include CKD

Pune witnessed 55% rise in new residential launches in

Pune witnessed 55% rise in new residential launches in Q3; sales grew 58% sequentially: JLL

 

·         Locations like Kharadi, Hinjewadi, Wakad and Hadapsar accounted for more than 50% of the launches

·         A total of 1,344 units were sold in Q3, a 58% rise from Q2 2020

·         Home buyers preferred projects of developers with established track record

 

Pune witnessed 1,756 new unit launches in Q3 2020, an increase of 55% over the previous quarter, according to JLL Research. This strong growth was on a low base of Q2 2020 which was significantly impacted owing to the severe lockdown restriction in the wake of ongoing pandemic. Prominent locations such as Kharadi, Hinjewadi, Wakad and Hadapsar saw increased momentum and accounted for more than 50% of the launches during the quarter.

 

With economic activities gradually getting back on track, the city is likely to see a strong recovery in sales after the slump in Q2 2020. Housing sales grew by 58% on a sequential basis clocking about 1,344 units. Home buyers preferred projects from developers who have an established track record and which are closer to prominent office locations. There are also a higher number of enquiries for completed and nearing completion projects as compared to those which have recently launched. There is growing acceptance of digital platforms amongst home buyers to complete their home purchase process from raising an enquiry to making the payment through the developer’s online window.     

                  

	Q2 2020	Q3 2020	Growth (%) – Q3 2020 over Q2 2020
Launches (units)	1,135	1,756	55%
Sales (units)	851	1,344	58%

 

Source:  Real Estate Intelligence Service (JLL), 2020, JLL Research

 

 

“Pune witnessed a growth of 55% in terms of new launches over the last quarter. Developers continued to align new supply with demand and majority of these launches were in affordable and mid segments. Further the city has also witnessed healthy traction in the luxury segments which was earlier not visible ” said Sanjay Bajaj, Managing Director, Pune, JLL India. “In the subsequent quarters, the translation of demand into sales will primarily hinge on enhanced consumer confidence, which in turn depends upon the continued implementation of progressive government policies amidst the gradual revival of the Indian economy at large.” “Pertaining to residential, the scenario for Pune has improved significantly in the last few months, sales has certainly increased owing to reduction in the stamp duty by the government, low bank intrest rates, attractive schemes by builders, and competitive rates. The onset of the festive season will help drive sales, and in addition to the reasons stated above we have reached approximately 75% of sales of pre COVID levels and this quarter will see steady growth as well. Recent trends indicate projects that are near completion stage are witnessing larger traction. Buyers are purchasing assets from more renowned developers with a proven track record, added product value and ability to deliver,” he added.

 

Residential market activity all over India, is also being supported by renewed interest from NRIs in Q3 2020,  resulting in more pent up demand in the market and increased enquiries received by developers.

 

“The further easing of lockdown restrictions and the upcoming festive season might help in bringing buyers back to the market. An assessment of years to sell reveals that the expected time to liquidate stock has increased from 3.6 years in Q2 2020 to 4 years in Q3 2020. While the residential space remains unpredictable, favourable supply dynamics could deliver potential upside for both home buyers and developers in the medium-term,” said, Dr. Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.

 

Focus on mid and affordable segment continues in the country

New launches were restricted with 12,654 units launched in the third quarter, a decline of 14% quarter-on-quarter. Developers focused on completion of under construction projects and clearing their existing inventory. Hyderabad and Mumbai accounted for over 60% of the total new launches in the quarter. The drop in new launches was driven by Bengaluru, which witnessed a substantial decline of over 80% as compared to Q2 2020. Development focus on mid and affordable segments continued in Q3 2020 with nearly 75% of the new launches in the sub INR 1 crore category. Moving ahead, the focus on these price segments is expected to continue with developers focusing to reap the benefits of strong pent up demand.

 

	Q2 2020 (in units)	Q3 2020 (in units)	Growth (%) – Q3 2020 over Q2 2020
Bengaluru	6,135	1,074	-82%
Chennai	182	1,487	717%
Delhi NCR	Negligible	699	-
Hyderabad	5,034	5,396	7%
Kolkata	Negligible	Negligible	-
Mumbai	2,294	2,242	-2%
Pune	1,135	1,756	55%
Total	14,780	12,654	-14%

 

 

Mumbai includes Mumbai city, Mumbai suburbs, Thane city and Navi Mumbai

Source: Real Estate Intelligence Service (REIS), JLL Research

 

Unsold inventory dips across the country

Q3 2020 witnessed sales outpacing new launches as unsold inventory across the seven markets (Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata ) decreased marginally from 459,378 to 457,427 units. Mumbai and Delhi NCR together account for more than 50% of the unsold stock which are at various stages of construction.

 

	Q2 2020 (in units)	Q3 2020 (in units)	Growth (%) – Q3 2020 over Q2 2020
Aggregate (7 cities)	459,378	457,427	-0.4%

 

Top 7 cities include Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata

Mumbai includes Mumbai city, Mumbai suburbs, Thane city and Navi Mumbai

Source: Real Estate Intelligence Service (REIS), JLL Research

 

Over the last few years, residential prices in most markets have remained stagnant. Developers have been operating with low margins and the chances of a significant reduction in prices is unlikely. In Q3 2020, prices remained largely stable across all the seven markets when compared to the previous quarter. However, it is important to note that developers in certain markets are providing moderate price discounts to kickstart sales, thereby facilitating cash flows to tide over the crisis in the short term. Moreover, developers are offering flexible payment schemes such as no EMIs for a year and other schemes to attract prospective homebuyers who pressed ‘pause’ in the last few months. This could be the first signs of a broader recovery of the residential market in the country.

 

NOTE: *The comparison pertains to only last two quarters since the current crisis has no parallel and has infused uncertainty which we have not witnessed in the past decades.