We are focusing on creating dominant consumption hubs and best-in-class social infrastructurefrastructure
ECONOMY & POLICY

We are focusing on creating dominant consumption hubs and best-in-class social infrastructurefrastructure

SECTOR: Real Estate The Phoenix Mills The Phoenix Mills has been the pioneer in developing and operating city centric retail-led mixed-use consumption hubs. Shishir Shrivastava, Joint Managing Director, The Phoenix Mills, shares more......

SECTOR: Real Estate The Phoenix Mills The Phoenix Mills has been the pioneer in developing and operating city centric retail-led mixed-use consumption hubs. Shishir Shrivastava, Joint Managing Director, The Phoenix Mills, shares more... Major challenge faced in FY2018-19: Sometime in FY18, an economic slowdown seemed to be imminent. Thus, in FY18-19 we increased our efforts to capture a sizeable share of the consumers’ potentially shrinking wallet size. Our efforts, time and money were well spent on anticipating consumer aspirations resulting in an improved product and brand mix, improvement amenities for our mall visitors, focussed marketing, experiential events, mall interior design upgrades, an extraordinarily curated art programme, a well thought out live act and performing arts calendar, unique seasonal décor, etc. This strategy worked well. The biggest contributor to the company’s growth in FY2018-19: We attribute our growth in FY2018-19 to several short term strategies implemented during the year, and a few longer term strategies that were implemented during the previous years, the outcome of which was witnessed in FY18-19. Aside from the performance of our malls themselves, improving on account of increased consumption, we have seen growth in our income from the office portfolio, hotels and residential business in the said year. The impact of consolidating our stakes in various assets was also seen in last two years financial performance. Importantly, this team comprising the Phoenix family is one of the most important contributors to our performance. Our top management has been with us for several years and the wisdom and experience gained stays in-house.

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Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

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Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

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Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

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