The event was graced by esteemed dignitaries including Mr. Sanjay Singh, Member of Rajya Sabha, as Chief Guest, along with Mr. Sanjay Gupta, Chairman, AVG Group, and Mr. Atul Bal, Ex-Director, FICCI, Chief Patrons Founder Rajesh Sharma, Director Jagjit Singh, Director Anand Tushir.
Innovative Dual-Interface Experience
The Tempo 101 app introduces a seamless experience with two distinct interfaces:
User App: Simplifies parcel bookings with features like customizable vehicle selection, real-time booking reviews, and a user-friendly dashboard for managing delivery needs.
Driver App: Empowers drivers with advanced tools such as OTP-based parcel status tracking, real-time updates, and detailed delivery information.
Speaking at the event, Spokesperson] said, “Tempo 101 aims to bring transparency and efficiency to every parcel’s journey. We are proud to launch a platform that redefines logistics convenience and sets new standards for seamless deliveries.”
Key Highlights of Tempo 101:
Comprehensive vehicle options for various parcel requirements.
An easy-to-use interface available in multiple languages.
Real-time updates for both users and drivers, ensuring transparency and efficiency.
The launch event also included a live demonstration of the app’s features, showcasing its ease of use and versatility. Attendees lauded Tempo 101’s vision of bridging the gap between users and delivery professionals with a smarter, more streamlined approach.
Looking Ahead
Tempo 101 is now available for download on major app platforms. With its official debut, the platform is poised to revolutionize the logistics industry by offering smarter, faster, and more reliable solutions for parcel deliveries.
]]>Zenaud, the game-changing lineup of hearing aids: Uno, Ace, Nova, and Wave. These hearing aids come with cutting-edge technology and sleek, user-friendly designs. The affordability of Uno, the Auracast
broadcast audio of Nova, and the super-power adaptability of Wave make every model suitable for different needs with precision and comfort.
These devices redefine hearing technology with proprietary advancements like 2.4 GHz direct connectivity, made-for-iPhone stereo streaming, and cloud-based remote fine-tuning. Featuring custom rechargeable ITC devices, LE Bluetooth streaming, and the BeMore app for personalized sound, Zenaud devices deliver crystal-clear audio, all-day comfort, and up to 24 hours of battery life on a single charge, making better hearing accessible and effortless for all.
Mr. Raja.S, Chairman, Cofounder and CEO of Hearzap, Said: “Hearing care is essential to improving quality of life.The hearing industry has long faced challenges in providing solutions that are both accessible and innovative. With Zenaud, we’re breaking that barrier by introducing the first-ever rechargeable ITC hearing aids in India. Zenaud is not just about hearing better, it’s about reimagining hearing care with innovative technology and a stylish design that sets a new standard in the industry.”
Mr. Sunil Vinzanekar, CEO of GN Hearing, said: “Our journey began with a vision of a more connected world. With Zenaud, we reaffirm our commitment to breaking barriers in hearing care and ensuring no one is left unheard. This innovative solution underscores GN’s legacy of delivering ‘world’s firsts’ and demonstrates our dedication to transforming lives.”
Hearzap recently acquired a 51% Stake in Speech and Hearing Care Pvt Ltd aiming to boost revenue past ₹100 crore this fiscal year, securing a 30% market share in key regions. The company raised around Rs 50 crores in a funding round from 360 One Asset Management Ltd. in November 2023. Last year Hearzap appointed Sonu Sood as the ‘Ambassador for Cause’.
About HEARZAP
HEARZAP, a revolutionary service-oriented application, is designed to solve the unsolved challenges in hearing care. With a mission to create awareness about hearing health and eliminate stigma, HEARZAP offers virtual, personalized hearing services with impeccable accuracy and confidentiality. This platform bridges the gap between users and hearing professionals, reducing wait times and enhancing accessibility across India.
Availability
Zenaud products are available across India starting January 2nd, 2025, at an introductory price of ₹ 16,499. Customers can experience Zenaud at select hearing care centres and participate in live demos powered by HEARZAP. The Product will be accessible to approx 697.56 Million people across 11 states
]]>The importance of the event for the state’s economy was underlined by the presence of the State Government and leading businessmen and prominent corporate houses who attended the event, demonstrating the significance of the Association’s endeavor in boosting the State economy. Smt. Shashi Panja, Minister in charge, Child and Family Welfare, Govt. of WB; Sri. Sujit Bose, Minister of State for Fire, Govt. of WB and was also attended by several eminent personalities like Sri. Hari Kishan Rathi, President of WBGMDA; Sri. Vijay Kariwala, Senior Vice President of WBGMDA; Sri. Pradeep Murarka, Vice President of WBGMDA; Sri. Devendra Baid, Hony. Secretary of WBGMDA and many others.
Since its establishment, this association has organized clothing fairs and business-to-business (B2B) exhibitions to help the country develop into a significant centre in the global textile supply chain and to support the expansion of a contemporary, vibrant, and competitive apparel industry that is largely made up of MSMEs. The non-retail Buyer Sellers Meet, or WBGMDA, has grown into a meeting place for the most reputable and well-known companies in the country’s east. This event creates a lot of jobs, which also makes a substantial contribution to the GDP.
On this occasion, Sri. Hari Kishan Rathi, President of West Bengal Garment Manufacturers & Dealers Association stated, “Due to the high demand for Bengal’s textile and apparel industries, the government has built several garment hubs and plans to build more, opening up a plethora of new opportunities. Throughout the year, we have been able to sustain exports, and our industry has attracted interest from clients worldwide, particularly from Europe and the Middle East. Our most recent gathering produced more profitable business than we could have ever imagined.”
The West Bengal Garment Manufacturers & Dealers Association’s Hony. Secretary, Sri. Devendra Baid, gave a speech regarding the occasion and stated, “Our association’s buyers and sellers meetings have achieved continuous success throughout five decades of doing business. This is one of the biggest B2B events, dedicated to readymade garments. Our Association has continued to expand and has given the readymade garment sector in this country one of the finest support possible despite erratic economic conditions and fluctuations in the industry. The MSME department has approved our meeting, making it the first of its type in our industry.”
About WBGMDA: The West Bengal Garment Manufacturers and Dealers Association stand as one of the foremost organizations in Eastern India, representing the ready-made garment sector and its trade. Established in 1962, the association provides specialized services aimed at fostering the development of the ready-made clothing industry. It operates under the auspices of the Bharat Chamber of Commerce. Governed democratically, the association is managed by a core committee alongside committee members and co-opted individuals, all committed to enhancing the organization and serving its over 570 members. The association organizes biannual Garment Buyers and Sellers Meets, conducts seminars, aids members in understanding governmental decisions and policies, facilitates blood donation drives and health screenings, and mediates in arbitration disputes. Additionally, it engages in cultural celebrations, including Holi and Diwali, to honour its members and supporters.
Other key committee members present at West Bengal Garment Manufacturers and Traders Association were: Sri. Kanhiyalal Lakhotia, Treasurer, Sri. Prem Kumar Sinhal, Jt. Treasurer, Sri. Amarchand Jain, Sri. Tarun Kumar Jhajharia, Sri. Ashish Jhawar, Sri. Manish Rathi, Sri. Kamlesh Kedia, Sri. Manish Agarwal, Sri. Kishore Kumar Gulgulia, Sri. Vikram Singh Baid, Sri. Sourav Chandak, Sri. Saket Khandelwal, Sri. Ajay Sultania, Sri. Rajiv Kedia, Sri. Sandip Raja, Sri. Brij Mohan Mundhra, Sri. Bhuwan Arora, Sri. Mohit Dugar, Sri. Sajjan Sharma and Sri. Anil Somani – Executive Committee Members and Former Presidents Sri. Hari Prasad Sharma and Sri. Chand Mal Ladha.
]]>AI Adda 2025 was inaugurated by Mr. Umesh Mehta, National President CIO Association; Dr. Sandip Pradhan, President of CIOA Kolkata Chapter, CIO Exide Industries and Mr. Debashis Sen, IAS Addl Chief Secy IT (retd). They were accompanied by Sanjeev Sinha, Treasurer, President – IT & D, India Power; Sanjay Goswami, Secretary, IT Head at Maithan Alloys; Samrat Banerjee, Vice President, CIO Emami, Pampa Basu, Jt Secretary, Senior Director, ITC Infotech; Rajesh Dutta, MC Member, CIO Usha Martin; Avaneesh Kumar, MC Member, Senior GM & Head – IT , Eveready Industries; Mitali Biswas, MC Member, CIO CK Birla Hospitals; Sanghamitra Pyne, MC Member, Head – IT, Generation, CESC and Rishikesh Kr Singh, MC Member, VP – IT at Grasim Industries.
Speaking to the media, Dr. Sandip Pradhan, President of the CIO Association Kolkata Chapter, said, “CIO Association is an initiative of the leading technocrats of the country, comprising CIOs, CISOs, and CDOs from varied industry verticals across India and the Middle East. More than 2000+ CIOs of various organizations in India are members of the Association. We are overwhelmed by the participation of over 150 CIOs representing 120 large organizations nationwide and over 15 IT companies coming forward for technology discussions. This year, with AI ADDA 2025 as the central theme, the spotlight was on Artificial Intelligence (AI) and Generative AI (Gen AI) as transformative forces driving the future of business and technology. Sessions delved deep into the role of AI in enhancing business efficiency, automation, and innovation across sectors, reinforcing its critical impact on shaping digital transformation. Most recent AI-driven technology trends and their usefulness to business were discussed, and many CIOs expressed a desire to introduce these cutting-edge technologies within their organizations. CIO Association intends to take the discussions forward by introducing more focused sessions on AI, Gen AI, Data Protection Laws, and Standards in India, ensuring continuous learning and adaptation to evolving technological landscapes.”
The CIO Association continues to serve as a dynamic platform for knowledge-sharing and networking, empowering digital leaders to unlock their potential by connecting with peers and gaining exposure to transformative technologies. Through collaboration, CIO Association members drive business growth and contribute to the Indian economy, championing initiatives like Make in India, Digital India, and Atmanirbhar Bharat. Governed by a central Governing Body (GB) and Chapter Councils, CIO Klub now operates 16 chapters across India and internationally. Indian chapters span Delhi NCR, Punjab, Ahmedabad, Mumbai, Nagpur, Pune, Goa, Hyderabad, Bangalore, Chennai, Coimbatore, Kerala, Kolkata, Rajasthan, and internationally in Dubai (UAE) and Bangladesh, with plans for further expansion in Singapore, Colombo, and the Philippines.
Kolkata Chapter covers the entire east of India and plays a crucial role in fostering AI adoption, smart city development, startup incubation, and cybersecurity awareness. It contributes to the regional technological growth and positions it as a hub for digital innovation and transformation.
The IT companies who participated in this event: PwC, SAP, Aumento Technologies, Acceleron, Canon, Manage Engine, Field Assist, DataRobot, Workmates and Aeonx. US based DataRobot launched their Indian operations yesterday.
In the evening, CIOs were treated to a melody of songs live by Bollywood singer Mr Babul Supriyo, who is also Hon Minister of IT&E and PE&IR.
]]>By integrating Ziptrrip’s AI-powered travel and expense management solutions into PeopleStrong’s HRMS platform, the partnership empowers HR and finance leaders with real-time visibility, streamlined workflows, and actionable insights. Data from corporate travel and expenses will flow seamlessly between the two platforms, allowing HR teams to efficiently track, approve, and analyze travel-related costs in real-time, significantly simplifying the overall workflow. Together, Ziptrrip and PeopleStrong are setting a new benchmark for managing corporate travel, fostering a unified and tech-enabled approach that delivers greater value to businesses and employees alike.
Shan Prabhakaran, Co-founder and CEO of Ziptrrip, shared his thoughts on the partnership, stating, “At Ziptrrip, we are committed to transforming the way companies manage travel and expenses, and this partnership with PeopleStrong reinforces that commitment. Combining Ziptrrip’s travel management tools with PeopleStrong’s HRMS platform offers a comprehensive solution that enhances efficiency and visibility into travel expenditures.
Beyond being a standalone product, the Ziptrrip integration will provide PeopleStrong users with a specialized, powerful solution. Travel and expense management will be directly linked to HRMS modules, resulting in enhanced functionality and greater control over expenses. Companies will benefit from automated expense tracking, real-time approvals, and detailed analytics—all within the PeopleStrong HR Tech 4.0 platform, which means more efficient management of corporate travel for businesses of any size.
Prakash Rao, President – Customer Success, PeopleStrong emphasized the value of the integration, noting, ” At PeopleStrong, our mission has always been to simplify work life through innovative HR technology. Corporate travel and expense management is often a significant administrative challenge for organizations, and by integrating Ziptrrip’s advanced capabilities into our HRMS platform, we are equipping our customers with a powerful solution to streamline these processes. This collaboration not only reduces the complexity of tracking and managing travel expenses but also provides deeper financial visibility and compliance. We are excited about how this integration will help businesses optimize their travel operations while enabling HR and finance teams to focus on more strategic initiatives.”
In addition to this partnership with PeopleStrong, Ziptrrip continues to expand its ecosystem. The company has already forged collaborations with experience package creators, offering corporate team engagement activities and personal leisure travel packages for employees through its platform. Moving forward, Ziptrrip is exploring potential partnerships with fintech companies to further enhance its corporate payment solutions, offering streamlined financial management for businesses and unlocking new market opportunities for fintech partners.
This transformative partnership between Ziptrrip and PeopleStrong revolutionizes corporate travel and expense management by seamlessly integrating cutting-edge solutions into PeopleStrong’s HRMS ecosystem. As corporate travel demand surges, this collaboration empowers PeopleStrong to deliver unparalleled value to its customers, optimizing operations and catalyzing new avenues for innovation and growth within the HR and finance landscape
About Ziptrrip:
Ziptrrip is a corporate travel startup dedicated to optimizing travel costs and time for companies while revolutionizing the travel booking experience through digitization. The platform enables corporations to automate travel bookings, streamline the approval process, and implement dynamic travel policies using intelligent algorithms. By eliminating reliance on traditional travel agents, Ziptrrip offers zero markup, best-in-industry pricing, and access to corporate fares with minimal cancellation fees, along with a suite of other benefits. Leveraging advanced technology and AI, Ziptrrip analyzes customer travel patterns and policy compliance to deliver the most valuable fares through a meta-supply backend. Available across four access modes—web platform, mobile web, Android app, and iOS app—Ziptrrip ensures seamless and efficient travel management for modern businesses. For more information, visit Ziptrrip’s website and follow on LinkedIn and Facebook.
About PeopleStrong:
PeopleStrong is Asia Pacific’s leading, and the most comprehensive Human Capital Management SaaS platform. The HR technology company focuses on delivering a unique employee experience, data-driven decision-making, and agility for businesses.
Voted as a Great Place to Work, PeopleStrong has simplified worklife at over 500+ large enterprises across the emerging economies of Asia Pacific, empowering the lives of 2 million+ employees with a mobile-first, AI and ML-powered talent operating system. Their tech capabilities span across the employee lifecycle from hire to exit, including Human Capital Management, Payroll, Talent Acquisition & Management, and Collaboration.
PeopleStrong is rated among the Top 5 in the Asia Pacific at Gartner’s Peer Insights and voted as Customers’ Choice of HR Tech in the Gartner ‘Voice of Customer’ Report for 1000+ employee enterprises for 3 consecutive years (2022, 2023 & 2024). It is also awarded as the Solution Provider of the Year by Economic Times Human Capital Awards.
]]>With the theme, “India’s Insurance Vision: Challenges and Way Forward,” ASSOCHAM’s 16th Global Insurance Summit & Awards brought together industry leaders, policymakers, and innovators to discuss the future of the insurance sector in India. By highlighting critical areas such as customer-centric digital transformation, sustainable growth, and emerging risks and accessibility for wider insurance penetration the summit shed light on the journey towards achieving the IRDAI’s ambitious goal of “Insurance for All” by 2047.
Mr. Amit Agarwal, CEO of Howden Insurance, expressed his gratitude while receiving the award and reasserted the Howden’s vision to keep contributing to the sector and mentioned “We are deeply honoured to win the Insurance Broker of the Year award at such a prestigious platform. With over two decades of presence in India, this acknowledgment reaffirms our commitment to delivering innovative and specialized solutions that address the evolving needs of our clients. This achievement would not be possible without the trust of our clients, the relentless dedication of our people, and the unwavering support of our valued stakeholders. We are truly humbled and delighted by this recognition, which serves as both a moment of pride and a reminder of the responsibility we carry. We remain committed to continually raising the bar and making meaningful contributions to the growth of the Indian insurance landscape.”
As the Indian Insurance industry is undergoing rapid transformation, Howden will strive to continue to work cohesively with the public and private entities in the insurance sector to offer accessible and user-friendly environment for all the stakeholders.
About Howden:
Howden is a leading global insurance intermediary group with employee ownership at its heart. Founded in 1994, it provides insurance, reinsurance and underwriting services and solutions to clients ranging from private individuals to the largest multinational companies.
The Group operates in 55 countries in Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employs 19,000 people and manages premiums totalling USD 42 billion on behalf of its clients.
Further information can be found at www.howdengroup.com and www.howdengroupholdings.com.
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Crown Basmati Rice is renowned for its long, fragrant grains and superior quality, making it a household staple and a preferred choice for special occasions. With its availability on leading quick-commerce platforms, customers can now enjoy the convenience of receiving premium-quality rice delivery directly to their doorstep in a couple of minutes. All variants of Crown Basmati Rice are already available on Amazon and Flipkart and now expanded in the category of quick commerce platforms, receiving their orders instantly to create culinary masterpieces.
Commenting on this milestone, Mr. Vikram Marwaha, Joint Managing Director, DRRK Foods, stated, “We are excited to bring Crown Basmati Rice closer to our customers through Zepto, Blinkit, and Swiggy Instamart. This partnership reflects our commitment to providing premium-quality basmati rice with the convenience that today’s fast-paced lifestyles demand. With this expansion, we’re ensuring that authentic taste and quality are always within reach.
The rise of quick-commerce platforms has transformed the way consumers shop, placing a premium on speed and convenience. By collaborating with leading platforms, Crown Basmati Rice is poised to meet this growing demand while upholding its promise of delivering excellence in every grain.
About Crown Rice
Crown Rice, a flagship brand of DRRK Foods, is renowned for its commitment to quality and innovation in the basmati rice industry. With a focus on delivering premium products, Crown Rice is catering to both retail segments and the HORECA (Hotel, Restaurant, and Catering) sector while bringing Indian grain to an international audience.
]]>The conference will feature esteemed leaders from NAREDCO, including Mr. G Hari Babu, National President; Dr. Niranjan Hiranandani, Chairman of Hiranandani Group and NAREDCO; and Mr. Rajan Bandelkar, Vice Chairman of NAREDCO, Mr. Parveen Jain, Chairman Emeritus. Together with policymakers, industry experts, and global visionaries, they will lead discussions on the transformative potential of cross-border collaborations to redefine urban development and sustainable growth.
The conference will feature a series of insightful panel discussions, including “Advances in Construction Technology – Quality & Sustainability,” which will explore innovations in sustainable building materials, digitalization in construction, and the role of quality workmanship in ensuring long-term durability. The “Bridging Boundaries: Harnessing UAE’s RERA Strengths for India’s Real Estate Future” panel will focus on regulatory frameworks, market transparency, and consumer protection, offering insights into best practices from both India and the UAE. Another panel, “Innovation in Urban Development: Effective Town Planning and Clearances,” will address the role of innovative town planning and single-window clearance systems in accelerating sustainable urban growth. Additionally, the presentation on “Rise of A.I. and the Future of Real Estate Regulation” will highlight the growing impact of artificial intelligence on real estate regulations and industry practices.
In addition to the panel discussions, the conference will feature fireside chats such as “Scaling with Impact: Knest’s Journey from Startup to Industry Giant,” which will offer insights into the challenges and strategies for scaling a real estate business. The “Exploring Real Estate Opportunities” fireside chat will explore investment landscapes and emerging trends in India’s real estate market, focusing on strategic growth and cross-border investment opportunities.
The Abu Dhabi Real Estate Conference will spotlight the future of real estate with a focus on innovation, sustainability, and investment opportunities. It will serve as a key platform for networking, collaboration, and exploring growth opportunities in both the Indian and UAE real estate markets.
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Dubai, UAE – November 20, 2024: ANAX Developments, a subsidiary of ANAX Holding, launched its second project, Evora Residences, at a first-of-its-kind gala unveiling event at the Jumeirah Beach Hotel, in the presence of VIP guests, stakeholders and media representatives. This was a historic property launch that left the real estate community wowed with its showcase of a life-size apartment ready for viewing built at the event venue, against the backdrop of the iconic Burj Al Arab. Inspired by the many firsts of Dubai, known for its ‘wow’ factor, this launch was planned as a larger than life showcase of ANAX Developments’ commitment to the real estate community. An exact replica of the Evora Residences sales gallery at Aspin Commercial Tower, was built within 24-hours on site to bring to the viewers, investors and brokers a glimpse of the quality by unveiling a real feel of the project in front of a huge audience.
Designed as a tranquil retreat that embodies an urban lifestyle while providing excellent connectivity to the city, the Evora Residences are scheduled for completion in Q3 2026. Evora Residences will be located within the rapidly growing, lush green expanse of Al Furjan, minutes away from Dubai’s renowned recreational landmarks, including Legoland, IMG Worlds of Adventure, and Ibn Battuta Mall, among others. The tower features 10 residential floors and offers a range of one, two, and three-bedroom apartments; each one featuring spacious balconies with a fusion of modern elegance and contemporary design throughout its layout. Evora Residences will offer an end-user focused 30/70 payment plan with prices starting at AED 1,068,777 for one-bedroom apartments.
The thoughtfully designed apartment tower embodies the ANAX Developments ethos of “Live Large”, embracing a life of impact and abundance. The philosophy is extended to creating spaces with purpose—designed for residents to live well, enjoy robust investments, and expansive amenities. Evora Residence also ensures that sustainability is a key feature amidst the modern comforts and serene living, with solar panels to support energy consumption, and the highest standards of Smart Home Automation. Residents will enjoy amenities designed to elevate their living experience. Each apartment is equipped with top-of-the-range fittings like Bosch kitchen appliances, and sanitary ware by TEKA. The development beautifully integrates lush greenery with urban panoramas within the vibrant Al Furjan community. Residents will benefit from an extensive network of modern amenities, including retail hubs, adventure parks, fitness clubs, a well paved jogging track around the residences and other recreational areas, ensuring a harmonious lifestyle.
Mr. Satish Sanpal, Chairman of ANAX Holding, commented: “Upholding our philosophy, our vision is to create spaces which allow residents to live large, create impact and where one truly feels at home. With Evora Residences, given its location in the family-friendly Al Furjan community, our priority was to combine urban living and peaceful surroundings. We have strived to capture this essence throughout our design process, a philosophy that will continue to dominate across all our future projects as we continue to build with ANAX Developments and bring more than 2,000 homes to the market in the next twelve months.” With a pipeline of upcoming projects, ANAX Developments has planned to bring in a cumulative project value of USD$ 1 Billion to the market in the next year.
Commenting on the launch, Mr. Ravi Bhirani, Managing Director of ANAX Developments added: “This project, along with our upcoming developments in Meydan, and Dubai Islands reinforces our commitment to enhancing Dubai’s residential landscape with elevated living across each of our new ventures. We strive to cater to a diverse audience at various price points ensuring that exceptional residential experiences are accessible to a broad spectrum of investors and home buyers.
“With Al Furjan being an emerging and highly desirable destination for families seeking a peaceful environment with green spaces and modern amenities, along with a promising ROI, launching a project here was a strategic decision to steer our efforts towards our goals,” added Mr. Bhirani.
Conveniently located, Evora Residences is well-connected by two Metro Stations and offers easy access to Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road. The development’s location in Al Furjan ensures proximity to Dubai’s premier leisure and retail destinations, bringing comfort and convenience closer to home.
ANAX Holding:
ANAX Holding is a leading investment firm that specializes in managing a diverse portfolio of strategic businesses across multiple industries such as real estate, technology and hospitality. With a strong focus on delivering sustainable and long-term value, ANAX Holding aims to create exceptional investment opportunities and drive a positive impact in the markets it operates in.
Through our diversified portfolio of investments, ANAX Holding actively engages in the development and management of companies that align with our core values of innovation, integrity and social responsibility. We believe in making a positive difference in the communities we operate in by supporting initiatives that promote economic growth, philanthropy and social well-being.
Born from a desire to drive growth and innovation, ANAX Holding is led by Chairman Mr. Satish Sanpal, and is currently comprised of ANAX Developments, and ANAX Hospitality.
ANAX Developments:
Anchored in a strategic investment approach, ANAX Developments is a dynamic and highly innovative real estate and development company with a strong commitment to revolutionizing urban living. With a motto to deliver Larger Than Life, the company aims to design spaces that go beyond the conventional with top-notch modern, innovative design; our homes are not just places to live but sanctuaries of comfort and inspiration. With a focus on excellence, community, and sustainability, we aspire to enhance lives, foster deeper connections to places and people, and make a lasting impact on the destinations we call home. With excellence and innovation at the heart of what we do, we strive to redefine the future of real estate, setting unprecedented standards for contemporary living. Our commitment to delivering groundbreaking living solutions, implementing sustainable practices, ensuring highest quality standards, and fostering a strong sense of community are the core values that make us distinct. Expanding into Dubai and beyond, our vision is to craft lasting legacies, embodying the perfect fusion of luxury, convenience, and a strong sense of belonging wherever we operate.
]]>DELHI NCR, NOVEMBER. 14, 2024 – India’s senior population—defined as individuals aged sixty and above— is poised to more than double, from 156.7 million in 2024 to an astounding 346 million by 2050. This demographic shift will make India home to the world’s second-largest elderly population, presenting both significant challenges and immense opportunities. The most pressing of these opportunities lies in improving the quality of life and well-being for this growing segment of society. In response to this, The Association of Senior Living India (ASLI) is set to host a landmark event that could reshape India’s emerging senior care industry, often referred to as the “Silver Economy.” The 5th ASLI Ageing Fest, scheduled for December 6, 2024, in Bangalore, will explore the critical question: Is India’s senior care sector ready for take-off?”
“With the senior population in India projected to surpass 300 million by 2050, making up nearly 20% of the total population, the demand for comprehensive senior CARE solutions is set to increase dramatically. Presently only 5% of India’s elderly have access to institutional care, and over half live without social security. With a significant gap in geriatric healthcare services as well — less than 0.7 hospital beds per 1,000 elderly — it is imperative that we build inclusive, accessible, and sustainable senior care models. Wellness and Healthcare should be a key focus, integrated seamlessly with housing solutions that prioritize safety, comfort, and community support. Social integration must be emphasized to combat isolation and foster well-being and connectedness among the elderly. By doing so, India can build a framework that not only meets the needs of its aging population but also enriches their quality of life, making their golden years joyful,” said Mr. Rajit Mehta, Chairman, ASLI and MD & CEO, Antara Senior Care.
In recent years, India’s senior care sector has undergone a dramatic transformation. It has evolved from a nascent industry into a dynamic field, offering tailored solutions to meet the diverse and ever-changing needs of its elderly population. This transformation is taking place at a crucial moment in the country’s demographic shift. To highlight the vast potential of this rapidly expanding market, ASLI has partnered with JLL to unveil a comprehensive report on senior living. The inaugural report, “Elevating the Golden Years: Senior Living Opportunities in India’s Evolving Market,” launched at today’s curtain-raiser event for the 5th ASLI Ageing Fest. The report’s first instalment focuses on the burgeoning independent living market and provides critical insights for investors, developers, and policymakers navigating this exciting sector. As India stands on the brink of a senior care revolution, the need for innovative, scalable solutions has never been more urgent. The 5th ASLI Ageing Fest marks a pivotal moment in the growth of India’s senior care industry, offering a platform to explore new opportunities, exchange ideas, and lay the foundation for a future that ensures dignity, care, and fulfilment for the elderly.
“The Longitudinal Ageing Study of India (LASI) reveals that 26.7% of urban elderly live either alone, with only their spouse, or with people other than their spouses or children, highlighting the pressing need for specialized senior living solutions. This trend is especially significant given the rising number of single seniors, particularly women, who have longer life expectancy, and a shift in societal attitudes toward more independent living arrangements. As awareness and acceptance of senior living solutions rises, this sector which is currently at just 1.3% market penetration presents an unprecedented opportunity for developers and investors alike to build quality-driven solutions. As per JLL-ASLI report a compound annual growth rate of approximately 27% is projected, which presents a unique opportunity for India to develop a robust, compassionate senior care ecosystem that not only meets the evolving needs of its elderly population but also fosters sustainable, long-term industry growth” said Mr. Ankur Gupta, Co-Founder, ASLI and Joint Managing Director, Ashiana Housing.
This evolving market offers a diverse range of housing solutions and services tailored for individuals in this population bracket, focusing on fostering independence, social interaction, and ease of living. The care spectrum encompasses diverse options, from independent living communities to assisted living facilities, specialized memory care units for those with cognitive challenges, and comprehensive Continuing Care Retirement Communities (CCRCs). This comprehensive approach enables seniors to seamlessly adjust their level of support as their requirements evolve, ensuring they can age gracefully in a supportive setting.
Senior population in India set to more than double by 2050.
The global demographic landscape is undergoing a significant shift, with the elderly population experiencing unprecedented growth. India, celebrated for its youthful demographic, is no exception to this phenomenon of population ageing. As of 2024, India’s over-60 population stands at a staggering 156.7 million – the world’s second-largest elderly cohort – despite comprising only 11% of the nation’s total populace. This number is projected to skyrocket, more than doubling to an estimated 346 million by 2050. As India navigates this unprecedented transition, the country stands poised to become a global leader in senior living solutions, potentially setting new standards for aging populations worldwide.
More than 20,000 senior living units established nationwide
In a testament to its burgeoning potential, India’s senior living sector has witnessed a remarkable surge over the past decade, with more than 20,000 specialized units now established across the nation. This milestone marks a pivotal moment in the country’s approach to senior care and real estate development.
The landscape is dominated by independent living facilities, which make up an impressive 85% of the total inventory, reflecting the growing demand for autonomy among India’s senior citizens. Recognizing the potential in this niche market, senior living developers and operators are now consistently expanding their portfolios with an array of senior-friendly housing options, tailored to meet the diverse requirements of India’s ageing population.
Southern India leads senior living revolution with 60% market share
In a testament to regional demographic shifts, Southern India has emerged as the epicentre of the country’s senior living boom, commanding an impressive 60% of the national market share. The southern states, long at the forefront of India’s development trajectory, are experiencing accelerated population aging due to sustained lower fertility and mortality rates. Secondly, these regions are home to a larger proportion of parents whose children are Non-Resident Indians (NRIs). These demographic and cultural factors have cultivated a fertile ground for the senior living sector to flourish.
Potential demand of 2.3 million senior living units by 2030
India’s senior living market stands on the cusp of a revolution, with its current 1.3% penetration rate revealing a vast, untapped potential. This figure pales in comparison to mature markets like the United States and Australia, where penetration rates soar beyond 6%, highlighting an immense opportunity for growth and innovation in India.
“India’s senior living sector is on the cusp of a revolution. By 2030, we are looking at a target market of 2.3 million households, up from 1.57 million in 2024. This is not just about numbers; it is about a new generation of seniors who are redefining retirement. They are independent, financially secure, globally aware, and socially active. We are forecasting a doubling of senior living inventory in just six years, with market penetration jumping from 1.3% to 2.5%. But here is the kicker – even this dramatic growth will not meet the surging demand. This gap is not just a challenge; it is a golden opportunity for long-term growth in this vibrant, emerging sector,” said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL
The next big investment frontier with the potential for significant returns
“India’s senior living market is at a transformative juncture, presenting a landscape ripe with opportunity. With a current penetration rate of just 1.3%, compared to over 6% in mature markets like the United States and Australia, we are witnessing the dawn of a new era in senior care led real estate development. This rapid expansion is underscored by the establishment of over 20,000 specialized units across the nation in the past decade, marking a significant shift in India’s approach to elder care. Despite over USD 40 million in institutional investments in the last two years, the market remains in its nascent stages. The sector’s current developmental phase, characterized by regulatory, operational, and awareness challenges, only enhances its appeal to strategic investors looking for high-growth potential. The coming years will see innovative solutions, increased investment, and a fundamental reimagining of senior living in India,” said Karan Singh Sodi, Senior Managing Director – Mumbai MMR & Gujarat, and Head – Alternatives, India, JLL
Today’s senior citizens, unlike previous generations, seek to redefine retirement and senior living, opting for fulfilling lifestyles that align with their personal aspirations. This evolving landscape offers a promising investment frontier, particularly in markets like India where the supply of senior living facilities significantly lags the growing demand. The substantial gap between current offerings and market needs creates an attractive entry point for investors. By developing innovative senior living communities, investors can not only address this unmet demand but also potentially realize significant returns in this expanding market segment.
As this evolution progresses, the Indian senior living market is anticipated to approach penetration levels similar to those observed in more established markets globally, reflecting a transformative period in India’s eldercare landscape. India’s demographic shift presents complex challenges that require innovative solutions for a sustainable and inclusive future across all generations. This transition demands forward-thinking policies, upgraded infrastructure, and strategic long-term planning. India’s senior living sector is not just an investment opportunity – it is a chance to be at the forefront of a social and economic revolution.
*Senior living stock refers to the total inventory of housing units available for older adults
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