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Bengaluru-Based Brigade Group Venture Into Co-Working Business

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Brigade group – the Bengaluru based real estate Company ventured into the co-working business via the brand name BuzzWorks and plans to offer 2,200 seats by 2021.

The company BuzzWorks is planned to introduce over 200 seats at Whitefield and Rajajinagar. Both these campus calculates to 15,000 sq.ft. and the firm plans to offer co-working spaces in multiple locations like Kochi, Ahmedabad, Chennai and Hyderabad.

Nirupa Shankar, executive director at the Brigade group said that the BuzzWorks will be a natural arm-extension of our commercial office portfolio and a step forward for our business.

In 1986, the company started operations as a commercial space developer and then expanded the business to multiple real estate sectors that include residential and hospitality.

The business giants are taking interest in the co-working business as the sector is growing rapidly and the clients are also asking for these spaces.

According to the industry experts, in the co-working business, India has over 200 players that function in more than 420 co-working spaces all over the country. The experts also predict multiple fold growth for the co-working sector in the next two years.

The experts also feel that the Co-working sector will also witness nearly 30 percent growth on the yearly basis as the rental offices are on the rise in India while considering occupied spaces in Bengaluru, National Capital Region and Mumbai, followed by Hyderabad and Chennai as these cities offer growth opportunity.

Talking particularly about the Brigade Group, the experts feel that the company has focused on the commercial market at large. The company has 11 million sq. ft. office space that is under construction.

The company is also into a partnership with the Singapore-based private equity firm GIC Singapore for commercial properties.

Nisha Shiwani has worked in many companies in various capacities and in her free time loves to express herself through her articles. She is based out of the pink city Jaipur.

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Godrej Properties Bought Plot In Delhi For Worth Rs. 1100 Crore

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In a deal with Rail Land Development Authority, the Godrej Properties purchased a 27-acre plot in New Delhi’s Ashok Vihar locality area for worth Rs. 1100 crore, the sources said.

According to the sources, this company will construct flats free of cost for railways and 50% of the flats will be sold at market value for the economically weaker section. The payment for these dwelling units can be paid off in eight years at an interest rate of 12 percent.

However, the Godrej properties denied to comment on the deal and said that we cannot make a comment on the market value as per the company policy.

The sources however informed that two other bidders were the Adani Group and Eldeco. As a part of its expansion plan, the Godrej Properties is acquiring land directly or via joint ventures.

Last year, the company went into a joint venture with Hero Cycles to develop a 4-acre plot on Golf Course Road in Gurgaon.

In 2018, the Godrej Properties raised Rs.1,000 crore via the issuance of shares to GIC-managed investment company Gamnat Pte for funding of its expansion plan.

The Rail Land Development Authority planned six such vacant plots across the metro cities as the authority is responsible to generate revenue from vacant land. They are likely to earn approximately Rs. 10,000 crores via land monetization. The plots comprises of 16 hectares in posh Mumbai areas such as Bandra, Mahalaxmi and near Lokmanya Tilak Terminal. The authority also owns land in South Indian cities like Chennai and Hyderabad.

The RLDA [Rail Land Development Authority] figured approximately 45 sites for which bidding will be practiced in a phased manner. These sites have the potential to generate a revenue of over Rs. 42,000 crore

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New ‘Avengers: Endgame’ TV spot ‘honours’ fallen superheroes

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The latest TV spot for Avengers: Endgame gives a glimpse of Black Panther, Doctor Strange, The Wasp, The Winter Soldier, Star-Lord, Drax, and Gamora who were missing from the first trailer.

New 30-seconds-long video once more takes you down the memory lane, this time with Dr Steven Strange, T’Challa, Hope van Dyne, Bucky Barnes, Peter Quill and others.

Captain America aka Steve Rogers’ voice takes up narration as we see friendships, relationships fade away in the black and white montage.

“We lost. All of us. We lost friends, we lost family. Today we have a chance to take it all back. We will. Whatever it takes,” says Steve.

The lines are echoed by Ronin aka Clint Barton and none other than Iron Man aka Tony Stark. (Did Tony lose Pepper Potts after the snap or is he talking about bringing Peter Parker aka Spider-Man back?)

 

 

This is not all.

Marvel Studios also released official synopsis forAvengers: Endgame. The official website features the overview that reads, “The grave course of events set in motion by Thanos that wiped out half the universe and fractured the Avengers ranks compels the remaining Avengers to take one final stand in Marvel Studios’ grand conclusion to twenty-two films, Avengers: Endgame.”

Directed by Russo Brothers, Avengers: Endgameis set to release on April 26 in English, Hindi, Tamil, and Telugu.

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Bollywood

Kalank’ song ‘First class’: This Varun Dhawan-Kiara Advani number is worth the wait

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The song you had been waiting for – Varun Dhawan and Kiara Advani’s ‘First Class’ is here and it was totally worth all the patience. ‘First Class’ marks Kalank’s second song. It features Alia Bhatt, Aditya Roy Kapur and Madhuri Dixit-Nene in glimpses.

The keyword ‘First class’ comes much later in the song but throughout Varun Dhawan doesn’t disappoint. The song begins with Alia Bhatt’s wedding to Aditya Roy Kapur, but the focus soon shifts to Varun, who prays his namaz and has gathered in a crowd of his Muslim friends. The actor says ‘Jaise ho Eid Mein Holi’ so many times that we wonder why isn’t that the name of the song instead of ‘First Class’.

Pritam’s music plays as much an important part in the song as does Varun Dhawan‘s dancing around. The actor also does the hook step of ‘Aaj Ki Party’ (we pointed the first time the step was copied when Varun revealed stills from the song).

 

Soon after, Kiara Advani is introduced at the lake side. A lady is blurred out on the boat. The lake side and boat definitely play an important part in the film. Kalank’s first announcement featured a still of the lake and a lady and a man (mostly Alia Bhat-Varun Dhawan) travelling on a boat.

Kiara Advani plays an eyecandy in the song. She tries hard but can match Varun Dhawan’s energy only in a few places. What comes as a delightful surprise soon after is Madhuri Dixit-Nene’s entry. She lets out a beautiful smile on seeing the environment of celebrations.

 

Producer Karan Johar has definitely shelled out behind creating a grand and beautiful manneur for the song. Remo D’Souza’s choreography and Varun Dhawan’s energy in the song are the perfect match. Arijit Singh and Neeti Mohan’s voice stays with you much after the song is over. Manish Malhotra’s simplistically designed clothes also grab your attention to an extent.

Overall, although ‘First Class’ is a random dance number and Kiara Advani not having a role more than an eyecandy disappoints, the song is something that people would soon groove to. Lyricist Amitabh Bhattacharya has also done a fabulous job in combining two festivals – Eid and Holi with the line, ‘Mere Tevar Mein Hai Tehzeeb Ki Rangeen Ranglo Jaise Ho Eid Mein Holi’. The film too seems to combine people of two different cultures – Varun Dhawan as a Muslim boy and Alia Bhatt as a Hindu girl. The movie could be their love story set in the pre-Independence era.

Kalank stars Alia Bhatt, Varun Dhawan, Madhuri Dixit-Nene, Sonakshi Sinha, Aditya Roy Kapur and Sanjay Dutt in lead roles. Directed by 2 States helmer Abhishek Varman, the movie is produced by Karan Johar’s Dharma Productions, Sajid Nadiadwala’s Nadiadwala Grandson Entertainment and Fox Star Studios. The epic drama is slated to release on April 19.

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Entertainment

Disha Vakani given a 30-day ultimatum to return to ‘Taarak Mehta Ka Ooltah Chashmah’?

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Taarak Mehta Ka Ooltah Chashmah’s Daya Ben — Disha Vakani — has been missing from the show since September 2017. The actress was blessed with a baby girl in November 2017 and she has been on a maternity break since then.

Recently, reports of her quitting the show made headlines however  producer Asit Kumarr Modiclarified in January that her contract still hasn’t been terminated. “Contract has not been closed. Character of Daya bhabhi is still there and we have not taken any actor to replace her. As and when she wants to come, we will see at that time. If mutually beneficial to both, we shall work together again,” he said in a statement.

However as per a latest report in SpotBoye Modi has now decided to give Disha the last 30 days to make up her mind and if she doesnot report back on the sets of ‘Taarak Mehta‘ within the said period, she will be replaced!

A source close to the development informed SpotBoye about the producer’s decision,  “Bas, ab ho gaya. Modi waited ethically how much he and his cast-crew could. Now,  Modi says he will just give a concession period of a month, starting today. There has been absolutely no contact between the two parties ever since Dayaben’s last day at shoot. Team Taarak Mehta  Ka Ooltah Chashmah  has no problems if she wants to look after her baby but some of her demands that they would imply if she was to return, were just not easy to accept when her husband last has a word with us.”

Disha’s character Daya Ben was shown to have left for her mother’s house in 2017 and it has been more more than a year since she has been there. Her character can’t even be killed considering it’s a comedy show.

“You are forgetting that Taarak Mehta Ka Ooltah Chashmah is a comedy daily serial,  so they can’t bump off her character and plus they have shown that she has gone to her mother’s house. How long can Dayaben be shown to be staying in her maika?”

The source concluded, “Seems, Disha wanted to hanker for a bit of publicity in the media. So, she put a some throwback video. Toh dekhte hain kya hota hai. We will still welcome her warmly if she returns without unacceptable do’s and don’ts. Else we are going ahead with another actress after 30 days, max 35.”

It may be recalled how Disha’s husband Mayur Padia’s unreasonable demands complicated things further between the actor and the producers in January this year. He apparently wanted his wife to shoot for only four hours per day, and that too just for 15 days a month. The couple also wanted a 100 per cent hike, the source revealed.

Just in case Disha doesn’t revert in 30 days, who do you think should replace her – Rashami Desai, Gia Manek or Deepika Singh? Vote Now and tell us!

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Business

Lenders drag road developers to NCLT, push for asset sales

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Around 15% of the total operational build-operate-transfer (BOT) road assets are struggling due to mismatch in cash flows, leading to issues with the servicing of debt, according to Rajeshwar Burla, assistant vice-president – associate head, Icra Ratings. In the last few months, lenders have taken some road asset special purpose vehicles to National Company Law Tribunal (NCLT), and in certain cases they have initiated process for sales to recover money from the defaulting road developers. Recently, Oriental Bank of Commerce had pressed for insolvency proceedings against L&T Halol Shamlaji Tollway Ltd, a special purpose vehicle of L&T Infrastructure Development Projects at NCLT’s Chennai Bench. Earlier this month, L&T Halol Shamlaji Tollway informed the NCLT that its debt has been restructured and is being timely serviced. An order is awaited in this case. “Asset sale transactions in the recent past are also driven by lenders. In 2018, three assets were sold through substitution route. Of these, one was initiated by the lenders (classified as non-performing asset) as a distressed asset sale and two were initiated by the concessionaire through harmonious substitution,” Burla said. Some of the assets on the block currently are available through substitution at attractive valuations, and hence investors prefer this route. According to an industry player, a few assets or special purpose vehicles are likely to be put on the block in the near future as several road projects are under stress with mismatch in revenues and debt payments. “The total quantum of loans not getting serviced and stressed plants in the power sector is much higher. But the public sector banks are under pressure due to multiple factors and in different sectors. For such lenders, it is important to initiate proceedings against the defaulting SPV or concessionaire,” said a Mumbai-based analyst. On the other hand, some developers with a weak credit profile, have disposed of their assets at a loss as liquidity took precedence over revenues

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UEFA fines Juventus star Cristiano Ronaldo for Atletico celebration

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Juventus forward Cristiano Ronaldo was fined 20,000 euros ($22,712) by UEFA for a gesture he made while celebrating in their Champions League victory over Atletico Madrid last week, European soccer’s governing body said on Thursday.

Ronaldo escaped a ban and will, therefore, be free to face Ajax Amsterdam in the quarter-finals, with the first leg to be played in the Netherlands on April 10.

Ronaldo, who scored a hat-trick as the Italian champions overturned a 2-0 deficit from the first leg to win 3-2 on aggregate against Atletico, gestured towards his groin with two hands.

Atletico coach Diego Simeone had celebrated in a similar way after his team’s opening goal in the first leg in the Spanish capital.

The Argentine coach was fined the same amount by UEFA’s Control, Ethics and Disciplinary Committee.

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Bharti Realty-Led Consortium To Construct Commercial Project At Delhi Airport

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In a recent development, DIAL i.e. Delhi International Airport Limited, the operator for Delhi airport informed that the rights for commercial development are granted to a consortium led by Bharti Realty that will make an annual payment of Rs 363.5 crore towards lease rentals till 2036.

Apart from this, Bharti Realty will make one-time payments of approximately Rs. 1,837 crore, the Delhi International Airport Ltd (DIAL) informed in the press release.

In a joint venture with the GMAR group, DIAL [Delhi International Airport Limited] manages operations at Delhi’s Indira Gandhi International Airport.

The press release states that Bharti Realty has been awarded the right to design, develop, finance, construct, operate, manage and maintain a commercial development project at Gateway and Downtown Districts of Aerocity.

In the first phase, the Bharti Realty-led consortium will pay to DIAL an annual lease rent of Rs 363.5 crore per annum till 2036 (to be escalated by 50 percent for the extended term of 30 years till 2066) and other one-time payments to the tune of (around) Rs 1,837 crore.

The Delhi International Airport limited also initiated the second phase of its airport land development that is popular as Aerocity, at the airport.

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Research studies confirm Ayurvedic treatments help kidney ailments

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Two separate studies published in Internation journals by Indian researchers have confirmed benefits of using ‘Punarnava’, an Indian herb, for kidney ailments. The extract from the plant can help with both preventing and managing kidney disease, said researchers, and added that one can definitely help slow the disease’s progression and treats its symptoms and complications by using formulations containing ‘Punarnava’ and a careful diet.

According to a case study conducted in Banaras Hindu University (BHU) which has been published in the World Journal of Pharmacy and Pharmaceuticals Sciences, a woman kidney patient was given Punarnava based syrup for a month. It was found that the creatinine level and urea level in her blood had gone down significantly to a healthy level. Not only this, but her hemoglobin level had also improved. Hence, it was concluded that Punanrva based drugs not only make the kidney’s health but also improves the hemoglobin level.

Similarly, another study published in the Indo American Journal of Pharmaceutical Research too talked about the efficacy of Punarnava based herbal formulations including lotus leaves, patharchur, and other major herbs when given to the subjects. It was found that the drug had helped in maintaining a histological parameter of kidneys, apart from reducing high levels of uric acid and electrolytes, The study said that “the syrup (Neeri KFT) is a potent neuroprotective formulation, protecting kidneys from nephrotoxins including oxidative damage induced by lead acetate.”

“Herbal formulations in Neeri KFT can be an alternative to dialysis to some extent. In fact, because of limited options in allopathy for kidney treatment, which is witnessing increasing trend due to changing lifestyles, now the emphasis is on Ayurveda drugs,” said Professor KN Dwivedi, Head of Department, Department of Dravyaguna, BHU.

Chronic Kidney Disease (CKD) is a global epidemic. Nearly 850 million people are known to suffer from kidney diseases from varied causes, worldwide. Chronic kidney disease (CKD) causes about 2.4 million deaths per year and is among the top five causes of deaths worldwide. India contributes to around 10% of the CKD burden of the world. The estimated prevalence of CKD is 1 in 10 (10%)  in India. The most common cause of Chronic Kidney disease in India is Diabetes mellitus, which contributes to around 55-60% of CKD.

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Uttarakhand shelves hydropower plans on eco-sensitive Bhagirathi

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The Uttarakhand government has, for now, shelved its plans to build small hydropower projects in the fragile Bhagirathi Eco-Sensitive Zone (BESZ) — created to protect River Ganga’s most pristine stretch between Gaumukh and Uttarkashi town.

In a March 6 meeting at the environment ministry, the Uttarakhand government stated that as there was no consensus among members drafting zonal master plan of the BESZ on hydropower projects, the state government has decided to restrict hydropower projects up to 2 MW.

“Government of Uttarakhand decided to honour the provisions of BESZ notification and also to reiterate its commitment to conserve and maintain the ecology and sanctity of holy river Bhagirathi, by restricting hydro-electric project up to two megawatt, sacrificing the investment potential of around Rs 739.96 crores and the sunk cost of about Rs 90.16 crores,” the minutes of the meeting showed.

The meeting on March 6 was held to consider the zonal master plan of the BESZ. The ministry panel is mandated to appraise proposals to demarcate buffer zones around national parks and wildlife sanctuaries.

The minutes of the meeting also stated that the expert panel also deferred consideration of the zonal master plan as it awaited comments from the Ministry of Water Resources, River Development and Ganga Rejuvenation, one of the major stakeholders.

A 2012 notification of the environment ministry had notified a 100-km stretch between Gaumukh and Uttarkashi, spread over 4,179 sq.kms as an ESZ to protect the fragile watershed of the Bhagirathi river, one of the chief headstreams of River Ganga. The notification banned riverbed mining, construction on slopes, polluting industries, commercial tree felling and new hydropower projects, except micro or mini hydel power projects to serve the interests of local communities and only after conent of the gram sabhas.

Following a 2017 order of the National Green Tribunal (NGT) order, an expert panel of Uttarakhand government official and independent experts is drafting the zonal master plan of the Bhagirathi green zone to regulate development and to promote sustainable development in the area.

The Uttarakhand government’s submission before the ministry’s expert panel comes in the backdrop of its repeated attempts to push for construction of ten hydropower projects with a total installed capacity of 82MW. In fact, last May, the state government had once again made a push for new hydropower projects above 2MW.

Last April, the Centre had also relaxed provisions of the BESZ notification based on requests of the Uttarakhand government. The environment ministry amended the notification to allow limited land use conversion to improve civic amenities and infrastructure development for the public and national security in Uttarakhand. It also relaxed provisions to allow infrastructure works even on steep slopes, after environmental impact studies.

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Bollywood

Critical of Didi, no takers for ‘Bhobishyoter Bhoot’ film

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Even after the Supreme Court, in a directive on March 15, asking West Bengal government to ensure smooth screening of ‘Bhobishyoter Bhoot‘, makers of the film are still struggling to find an exhibitor in Kolkata.

Talking to DNA, one of its producers, Kalyanmoy Chatterjee said they had written to exhibitors, but to no avail. “None of them responded. We will have to report it to the Supreme Court,” Chatterjee said. He said films normally meet 80-90 per cent of expenditure during the first two weeks of the film’s release, which the film has lost already.

Exhibitors said there was no screen available in the city. “It is already showing in places like Sodepur in North 24 Parganas and Howrah. In Kolkata, I think it is too late. There are films like Captain Marvel and Badla already doing very well and Kesari is all set to be released on Friday,” said a city-based exhibitor.

Arijit Dutta, exhibitor and owner of Priya Cinema spoke on the same lines. “If BhobishyoterBhoothad not been screened at all, it would have been a separate question; but now, it can’t be called a new film,” he said and added that makers should opt for other platforms for its release. “As the film has had the publicity it needed, it can as well be released on Netflix and other digital platforms. Producers can also talk to TV channels,” Dutta said.

However, on condition of anonymity, an exhibitor said the film is critical on Mamata government in the state. Exhibitors apparently didn’t want to take a risk by annoying Didi’s supporters.

The film, written and directed by Anik Dutta and starring Sabyasachi Chakraborty, Chandrayee Ghosh and Kaushik Sen, is about the struggle for existence for some ghosts who were trying to figure out a way to live either in cyberspace or meatspace. Dutta takes a dig at nearly all major political parties but the TMC bears a major part of the brunt. Phrases like ‘Anupreronai’ (inspired by), ‘unnayon’ (development), ‘Imam bhata’ (honorarium to Muslim clerics) and other jargons which are typical to TMC have been liberally used.

The lyrics of one of the songs said, ‘Unnoyon er koper theke naiko poritran’, which means ‘You can’t escape the predicaments of development’. The song also talks about ‘Utsav’, ‘Khela’, ‘Mela’, things that Opposition parties said Mamata was consumed with, overlooking the governance in Bengal.

The film also talks about paintings being sold for crores of rupees, hinting at Mamata’s paintings allegedly bought by chit fund company owners. One of the actors of the film had stark resemblance with TMC district president from Birbhum, Anubrata Mondal, who has been famous or infamous for his acerbic comments against the Opposition leaders and to carry out polls with the help of his musclemen.

Interestingly, Moon Moon Sen who is a TMC MP played a cameo in the film but when called up refused to comment on the issue.

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