Mumbai’s Real Estate Launches Dip By 24% In January To March: Survey

Mumbai: The real estate project launches in Mumbai dropped by 24 per cent in the first quarter of 2017, a recent survey said.

Launches dropped by 24 per cent at 4,900 units against 6,500 a year ago, a study conducted by the property consultancy firm Colliers International found.

The trend may continue for a short term as developers are adjusting to the new Real Estate Regulation and Development Act (RERA) rules, it said.

Mumbai's Real Estate Launches Dip By 24% In January To March: Survey

“The developers have been selling projects and units based on the marketing plan and layouts, and super built-up areas often represent a loading on the nature of amenities a project offers. Since the FSI norms and rules have been differed from sale plan and chargeable areas of projects, it is posing a challenge for developers,” Colliers International Executive Director, Office Services and Investment Sales, Ravi Ahuja said.

Developers now have to upload on website all sanctioned and approved plans and the buyer can do diligence and be privy to artificial mark-ups in such super built-up areas that sometimes go as much as 40-60 per cent higher than carpet area.

“There is hesitation of under-construction projects sold prior to RERA to follow RERA rules,” Ahuja added.

The rules stipulate that all new under-construction projects must register with the authority by July 31, 2017.

After that date, developers without registration won’t be allowed to advertise or sell projects in the market.

“With the RERA becoming a reality now, it is important for developers to prepare for the changes promptly. The change in the real estate cycle may act as an entry barrier for small players and speculators. We believe improved project planning will help developers avoid delays and manage project funds efficiently,” Colliers International Senior Associate Director, Research, Surabhi Arora said.


Federal Bank Launches Rs. 2,000 Crore Share Sale To Institutions

Mumbai: Private sector lender Federal Bank Ltd has launched a share sale to raise Rs. 2,000 crore, with an option to increase the amount by Rs. 500 crore, according to a deal term sheet.

Federal Bank said in a regulatory filing on Wednesday it had launched a so-called qualified institutions placement of shares but did not give details.

Federal Bank Launches Rs 2,000 Crore Share Sale To Institutions

The bank is selling new shares in a price range of Rs. 111.50 to 116.70, equivalent to a 4.5 percent discount to the stock’s close on Wednesday at the bottom of the range.

Citi, Deutsche Bank, IIFL Holdings and Kotak Mahindra Capital are the banks on the deal.


ProtonMail Launches VPN Service for Everyone, Includes a Free Tier

Switzerland-based ProtonMail has officially released its VPN service, ProtonVPN, which includes a free tier for users apart from paid options. The new virtual private network (VPN) service comes from the provider of end-to-end encrypted email app, ProtonMail, which was made available last year to all on Android and iOS through an app. To recall, ProtonMail was developed by researchers at MIT and CERN.

As expected from a VPN service, the ProtonVPN is developed to let users browse the Web without being tracked as well as also bypass online censorship.

ProtonMail Co-Founder Andy Yen on the launch of new VPN service said, “In the past year, we have seen more and more challenges against Internet freedom, now more than ever, we need robust tools for defending privacy, security, and freedom online.”

ProtonMail Launches VPN Service for Everyone, Includes a Free Tier

ProtonVPN’s free tier offers servers in three countries, and allows usage on one device though bandwidth speed isn’t guaranteed. The Basic tier of the service has been priced at EUR 4 per month (and EUR 48 annual fee), and offers access to all ProtonVPN servers across 14 countries as well as high speed bandwidth. It also allows usage on two devices. The Plus tier has been priced at EUR 8 per month (EUR 96 annual fee), and offers features like high bandwidth, connection to up to five devices, access to Secure Core, and Tor servers. The ProtonVPN Visionary tier offers top tier features like up to 10 devices allowed, highest bandwidth on offer, secure core and tor server access, and ProtonMail Visionary included as an add-on. The Visionary tier has been priced at EUR 24 (or EUR 288 annual fee).

One of the biggest highlights of the ProtonVPN is its secure core architecture which the maker claims routes users connection through encrypted tunnels. “ProtonVPN’s advanced security features ensure that an attacker cannot eavesdrop on your connection. It also allows you to access websites that might be blocked in your country. This means an advanced adversary who can monitor the network traffic at the exit server will not be able to discover the true IP address of ProtonVPN users, nor match browsing activity to that IP,” says the maker.

ProtonMail reveals that the secure core servers for the ProtonVPN are located in hardened data centres in Switzerland, Iceland, and Sweden. ProtonVPN was being tested for few months ahead of final launch by the ProtonMail community consisting of over 10,000 members.




Kirtilals launches an exclusive collection of uber-cool jewellery that’s chic and versatile

What if that expensive diamond necklace you bought also becomes a bracelet? Or a glittery pendant that can also be worn as ear studs? Giving a whole new dimension to concepts in jewellery making, Kirtilals has come up with a breathtaking collection of bespoke diamond jewellery that’s not just about the aesthetics or ornamental value, but also multi-utility and functionality of the piece.

“The collection is a precursor to how jewellery is becoming more than just an ornament the world over. Every single thing you wear is being made into something functional. Necklaces are engineered to become more than a string of diamonds to be worn on the neck,” says Monish Kannan, the Production Manager at the Coimbatore plant of Kirtilals, who has also conceptualised and executed the collection. “The process of making versatile jewellery is complicated. It’s like a crossover between engineering and jewellery making.” The brand has launched over 100 designs in the first set of collection, of which nearly 50 have been displayed at the Madurai showroom. “Since Madurai is a traditional place where people buy a lot of jewellery, we wanted to test the grounds for an avant-garde collection like this,” says Natarajan, General Manager.

“Multi-functional jewellery is a value addition for people who spend so much on buying diamonds. If suppose you buy a pendant for over Rs.1,00,000, how cool if it also becomes ear studs? All you have to do is to unscrew and put the piece back in a different fashion. You get to wear the same piece in various ways for different occasions.” Magnetic bangles is another concept where a set of thin bangles can be worn as a single thick kada or vice verse. The collection contains rings, earrings, chains, pendants and bangles that are light-weight, unique and modern. The price range starts from Rs.40,000 upwards.


Zinarya launches jewellery for the modern bride

Zinarya, an exquisite jewellery brand, introduces products truly worth of every woman’s bridal trousseau. The brand unveils modern and unique designs that feature pieces crafted in 18 karat gold and gemstones. Leveraging the power of 3D jewellery printing, Zinarya creates jewellery accents such as Pendants, Earrings and Rings, which are elegant and contemporary at the same time.

Zinarya specializes in joint less hollow structures and thin filaments, which make them light weight consequently making them lighter on the pocket. Since they are created using 3D printing technology, the products are created in one single piece, without the need of solders or joints. Each piece is a unique work of art crafted in India by the new fangled technology of 3D printing and use of algorithms and mathematics that effectively brings out the brilliance of superior quality gold, milky white pearls and glittering gemstones.

Celebrating the unique spirit and beauty of every women, Zinarya has curated mesmerising collections, which can be personalised and are available in different 18 karat gold finishes – white, yellow and rose gold and a variety of gemstones.

Swapnil Eaga ,Co-Founder at Zinarya said, “Today, every wedding has a sangeet and a reception, where brides and bridesmaids increasingly prefer western or Indo-western attire. The traditional jewelers are currently not catering to these requirements of the modern bride. Zinarya fills in this gap by offering truly exclusive pieces for the modern brides and bridesmaids.” Pioneering with this philosophy, Zinarya believes in making the modern bride feel beautiful and special. Therefore, we introduce our exquisite gold jewellery collection that combines beauty of contemporary, sophisticated themes and is presented with a distinctive outlook.” He further added, “We take great pride in our products which display unmatched quality, design and style. Today, when everybody is talking about customised jewellery; we present to you personalised jewellery.”

On the Zinarya website, a customer can choose the metal and the gemstone to create a customized combination.

Zinarya is a brand where first class craftsmanship, high quality and excellent design come together, making it a one-stop-shop for trend-setting and authentic designer modern jewellery.