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Greetings! It gives me immense pleasure to invite you at that UPES School of Law third International Seminar on the theme “Latest Development in Corporate Legal Affairs” to be organized at its picturesque campus in Kandoli, Dehradun (Uttarakhand) during November 1-2, 2018. The University of Petroleum and Energy Studies (UPES) was established in the year 2003 through the UPES Act 2003 of the State Legislature of Uttarakhand, with a strong belief of being a University with a Purpose. With an ambitious vision and unique approach, UPES has emerged as an innovative institution offering industry-focused specialized graduate, postgraduate and doctoral programs in key areas such as Energy, Infrastructure, Transportation, Information Technology, Design, Planning & Architecture, Public Policy and Legal Studies. The UPES School of Law has been a pioneer in grooming modern-day legal professionals with a multidisciplinary edge since its inception in 2007 and offers specialized law courses in Corporate Law, Energy Law, Taxation Law and techno- legal courses with an emphasis on Intellectual Property Rights and Cyber Law. The development in the realm of Corporate Law has been exponential in the last couple of decades across the world, both at the national and trans-national levels, thus, contributing to major introductions and modifications for intra and international corporate matters in the areas of securities, investments, insolvency etc. apart from the National Policy on the same. This gives us an impetus to assess and analyze the existing legal framework for varied contemporary aspects of Corporate Law, from the perspective of the different stakeholders. Thus, in pursuance of the vision and mission of the University and the Law School, the UPES School of Law is organizing the 3rd UPES International Seminar on “Latest Developments in Corporate Legal Affairs” which will be held in our campus in the picturesque valley of Dehradun (UK) India from November 1-2, 2018 Please find attached the Call for PAPERS which we are intending to convert into an edited book. We would request you to kindly send your abstract as per the timelines. If you have any further questions, please feel free to get back to us at the e-mail id. issol@ddn.upes.ac.in. Looking forward to your active participation at the International Seminar and also a request to kindly disseminate this information amongst your students and colleagues. With Best Regards, Convenor, International Seminar upes-new-logo Prof. (Dr.) Vijay Kumar Singh HOD – Department of Energy Law UPES School of Law Knowledge Acres, PO Kandoli Via PremNagar, Dehradun – 248007 Email vksingh@ddn.upes.ac.in, vrsingh.vk@gmail.com Contact: 0135 - 2770137 (Extn 2087) Mobile: (+91) - 9891500707 cid:image004.png@01D3E2E6.E109AEE0 With Best Regards, Ashish Jain Assistant Professor (Law) Convenor, Moot Court Association (MCA) UPES School of Law, University of Petroleum & Energy Studies (UPES), Kandoli Campus, Dehradun-248007 Email: ashish.jain@ddn.upes.ac.in / jainadvocate@gmail.com Mobile: (+91) - 9268255663 ------------------------------------------------------- Daily Pointer Logo 09 November,2018 Domestic Indices 07-Nov-18 Index Chg Chg(%) Nifty 10,598.4 68.4 0.7 Sensex 35,237.7 245.8 0.7 Mid Cap 14,846.8 118.8 0.8 Small Cap 14,586.7 171.3 1.2 Global Indices Index Chg Chg(%) Dow Jones 26,191.2 10.9 0.0 Nasdaq 7,530.9 -39.9 -0.5 S&P 100 1,249.1 -3.4 -0.3 Hang Seng 26,147.7 71.2 0.3 Nikkei 225 22,085.8 -87.9 -0.4 FII & MF Activity (Rs in Crore) 06-Nov-18 Buy Sell Net Cash 3,753.5 4,253.3 -499.7 Index Futures 2,416.0 1,976.0 440.1 Stock Futures 10,722.3 11,513.0 -790.7 DII 2,749.8 2,631.1 118.7 Top Gainers & Losers Gainers Close Price Chg Chg(%) Mahindra & Mahindra 792.9 14.5 1.9 HPCL 229.6 3.3 1.5 Infosys 675.5 9.1 1.4 BPCL 288.8 3.7 1.3 Indian Oil Corp. 139.0 1.6 1.2 Losers Close Price Chg Chg(%) Zee Entertainment 446.9 -1.4 -0.3 Axis Bank 606.9 -0.6 -0.1 Market Breadth Advances Declines No Chg BSE 1,944 211 12 NSE 147 13 2 Commodities & Currency (MCX Futures) 08-Nov-18 Value Chg Chg(%) Gold 31,406.0 -183.0 -0.6 Silver 37,613.0 -644.0 -1.7 INR/USD 73.0 -0.1 -0.1 Commentary Sensex on Wednesday closed 245 points up at 34,237. Among sectors, Auto, Oil & Gas & FMCG gained 0.95% to 1.08%. Among stocks, Mahindra & Mahindra, Infosys & Tata motors gained 1.17% to 1.97%. Market breadth was positive with 1970 advances and 414 declines. Nifty closed 68 points up at 10,598. Today we expect the markets to open on flattish note on the back of flattish global cues. US Markets closed on a mixed note. Dow closed 0.042% positive and Nasdaq closed 0.5% negative. Today, US markets will see data releases on Core PPI, Final wholesale price & Prelim Uom Inflation ... More... Market Technicals Equity Derivatives Currency Derivatives Market Trends Trading with Multiples (TWM) Mutual Funds & Promoters Activities Value Picks Event Calendar SLBS Ventura Research Reports News Analysis Aditya Birla Capital consolidated net profit declines 29.24% in the September 2018 quarter Net profit of Aditya Birla Capital declined 29.24% to Rs 170.39 crore in the quarter ended September 2018 as against Rs 240.81 crore during the previous quarter ended September 2017. Sales rose 33.04% to Rs 3590.46 crore in the quarter ended Septembe ... MRF Q2 net profit falls 12% to Rs 263 crore MRF reported a 12 per cent fall in its net profit at Rs. 263 crore for the quarter ended September 30 when compared to a profit of Rs. 300 crore in the same period last year, on the back of increased expenses including higher raw material costs. Tota ... Power Grid Corporation of India reports 8% rise in Q2 net profit The company has reported 7.87% rise in its net profit at Rs 2,309.49 crore for the quarter under review as compared to Rs 2,141.04 crore for the same quarter in the previous year. Total income of the company increased by 15.98% at Rs 8,689.95 crore f ... PNB Housing Finance reports 33% rise in Q2 consolidated net profit On the consolidated basis, the company reported a rise of 33.12% in its net profit at Rs 252.99 crore for the quarter as compared to Rs 190.05 crore for the same quarter in the previous year. Total consolidated income of the company increased by 41.8 ... Voltas reports 9% rise in Q2 consolidated net profit On the consolidated basis, the company has reported a rise of 9.33% in its net profit at Rs 103.46 crore for the quarter as compared to Rs 94.63 crore for the same quarter in the previous year. Total income of the company increased by 35.04% at Rs 1, ... APL Apollo Tubes reports 34% fall in Q2 consolidated net profit On the consolidated basis, the company has reported a fall of 34.45% in its net profit at Rs 26.68 crore for the quarter as compared to Rs 40.70 crore for the same quarter in the previous year. However, total consolidated income of the company increa ... Sadbhav Infrastructure Project report consolidated net loss of Rs 68.43 crore in Q2 On the consolidated basis, the company has reported a net loss of Rs 68.43 crore for the quarter under review as compared to net loss of Rs 90.87 crore for the same quarter in the previous year. Total income of the company jumped over 2 folds to Rs 8 ... Eveready Industries Q2 net profit slips 32% The company has reported 32.16% fall in its net profit at Rs 24.66 crore for the quarter under review as compared to Rs 36.35 crore for the same quarter in the previous year. Total income of the company decreased by 4.46% at Rs 392.74 crore for Q2FY1 ... Shivam Autotech reports 79% fall in Q2 net profit The company has reported 78.76% fall in its net profit at Rs 1.20 crore for the quarter under review as compared to Rs 5.65 crore for the same quarter in the previous year. However, total income of the company increased by 12.25% at Rs 162.42 crore f ... Sagar Cements reports 40% growth in cement production in October Sagar Cements has reported the cement production and sales figures for October 2018. The company's consolidated cement production/purchase for October 2018 stood at 273,216 million tonnes (MT), up by 40.06% compared to 195,066 MT produced in Octob ------------------------------------------------------- Dear Investor, With reference to SEBI circular ref no. SEBI/HO/MIRSD2/CIR/P/2016/95 dated September 26, 2016 and SEBI/HO/MIRSD/MIRSD2/CIR/P/2017/123 dated November 29, 2017, Stock Brokers are required to upload clients fund balance and securities balance. Information pertaining to your fund and securities balance, securities pledged and last settlement date as on end of Aug-18 provided by VENTURA SECURITIES LTD. along with the details of securities ISIN wise is attached. Please note that negative number in the file represents debit balance/balance payable by you. Also, the funds and securities balances provided are what is maintained with your broker and does not include balance in your personal bank account, demat account and Portfolio Management Services (PMS) balance maintained with any DP/PMS provider including your broking entity. Please follow the procedure given below for opening the attachment: 1. Click on the attachment provided with this mail 2. You will be prompted for your password. 3. The password is your PAN number in upper case. In case you find any discrepancy, we advise you to take up the matter immediately with your Broker. You may contact DWARIKA PRASAD SINGH at compliance@ventura1.com or Telephone/Mobile No.022-67547000; The data is being provided to the clients on an "as is" and "what-is" basis as provided by the trading member. The Exchange shall not be liable for any delays, errors, omissions, commissions, inaccuracies in rendering the data. In no event shall the Exchange be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Exchange through this facility. This is a system generated email, do not reply to this email id. Thanks and Regards, National Stock Exchange of India Limited ------------------------------------------------------- Dear CIOs and Friends, Let me start by apologizing for my long hiatus. As many of you know, life has been taking me on a different adventure, but that's a story for another day... CIO Association of India (CAI) has been serving the CIO community in India for more than 10 years, we are now on the cusp of launching our latest initiative - the CXO Investors Circle. The equity market has been quiet volatile over the past few weeks, this is an opportune time for such an initiative. Before we can launch, we would like your inputs so that the platform is relevant to the community. We would really appreciate five minutes of your time to fill in this short survey: https://cxoinvestors.questionpro.com/ Survey respondents will be first to receive invitations to join the CXO Investors Circle. We have partnered with Capital Quotient for this survey, I have been really impressed with their passion for investor education, they will help us glean the best insights from the feedback we receive. Of course, as always, your responses will be kept completely confidential and shared only in aggregate. I look forward to hearing from you. Warm Regards, Tapan 'Ananta' Garg Founder and CEO CIO Association of India +91-9972590368 ------------------------------------------------------- Meet 200+ Digital CXOs at #NPC2018 John Santelli, CIO, UnitedHealth Group; EVP, Optum Technologies Deep Thomas, Chief Data and Analytics Officer, Aditya Birla Group Kush Saxena, Chief Technology Officer, Mastercard Anand Thakur, Chief Digital Officer, Jubilant FoodWorks Ltd. Deepak Sharma, Chief Digital Officer, Kotak Mahindra Bank Munish Mittal, Group Head-IT & CIO, HDFC Bank Ltd Sanjay Padmakar Narkar, Chief Technology Officer, IDFC Bank Ltd Dr. Gopichand Katragadda, Chief Technology Officer, Tata Group Sarajit Jha, Chief Business Transformation & Digital Solutions, Tata Steel Tina Singh, Chief Digital Officer, Mahindra Finance Sridhar B, Chief Digital Marketing Officer & New Media, Diageo Anjali Malhotra, Chief Customer, Marketing & Digital Officer, Aviva India Sundi Balu, CIO - Enterprise and International, Telstra Nathan Bell, Chief Digital Officer - Digital & Transformation, Telstra Suvo Sarkar, Senior Executive Vice President and Group Head - Retail Banking and Wealth Management, Emirates NBD And many more…. Don’t miss the opportunity to Learn, Interact and Network with them. ------------------------------------------------------- Registrations 9:15am Product Mission 2020: Welcome to the NPC Stage 9:40am Building Global SaaS Companies from India 10:10am Innovating with a Purpose: How Cutting-Edge Tech is Solving the Biggest Challenges in Health Care 10:30am FinTech Roundtable: Blockchain, ICOs and latest Fintech Trends 10:35am Are Mega Funding Deals eating the Lean Startups? 11:00am Networking Tea/Coffee 11:15am CXO Roundtable (Invite Only) 11:30am GTM Summit:- Welcome and Introduction Devices & IoT Summit:- Building a Device Business in India FinTech Summit:- The path to a cash-less economy - goals and ground realities Disrupt! HealthTech Summit:- Fire side chat - Future of HealthTech AI Roundtable Investor Connect 11:40am GTM Summit:- How do CIOs make buying decisions? 11:50am Devices & IoT Summit:- Building a Device Business in India FinTech Summit:- How AI is transforming insurance The four superpowers of Massive Computing: Mobile, Cloud, IoT, and AI 12:00pm HealthTech Summit:- Docs Vs Geeks - What drives medical innovation. 12:10pm Devices & IoT Summit:- Hardware Architecture Workshop FinTech Summit:- Creating open innovation & collaboration ecosystem Is the promise of Blockchain real? GTM Summit:- Pricing Your SAAS Product 12:30pm FinTech Summit:- Disrupting the investment landscape Pivoting to a Unicorn Devices & IoT Summit:- Startup Showcase 12:40pm GTM Summit:- Building & Nurturing Communities 1:00pm Lunch Press Meet 2:00pm Devices & IoT Summit:- KPIs and Metrics important to Investors HealthTech Summit:- Elevating the Healthcare Consumer Experience GTM Summit:- Predictable Lead Generation Tactics Candid Conversation with VCs: Decoding the anatomy of a Deal FinTech Summit:- Masterclass - UPI 2.0 LIMITED 2:15pm Fixing the Fundamentals early for B2B SaaS: Deep Insights Workshop for SaaS Founders ( Less than $100k ARR) FULL 2:20pm Devices & IoT Summit:- Scaling-up hardware operations HealthTech Summit:- Debate -Regulations, Privacy and Security – the boon or bane for HealthTech in India 2:30pm GTM Summit:- Building a Power Brand in the Experience Economy 2:40pm New Retail & New Tech, the Perfect Storm - A Fireside Chat 2:50pm GTM Summit:- Managing a Consistent and Delightful Customer Experience 3:00pm Devices & IoT Summit:- Business Model Challenges for a device venture Reimagining Insurance with Big Data FinTech Summit:- Setting up for success - Making Startup-Banking relationships work HealthTech Summit:- HealthTech Startups - Show and Tell Cloud/SaaS Roundtable 3:10pm GTM Summit:- Selling to SME's In India 3:20pm Devices & IoT Summit:- Hardware Architecture Workshop Design, Differentiate, Disrupt: What keeps the Digital CXOs awake? 3:30pm FinTech Summit:- Fintech and Aadhaar 3:40pm Devices & IoT Summit:- Showcase GTM Summit:- CDOs as the new age CMO HealthTech Summit:- Reverse Innovation 4:00pm Networking Tea/Coffee HealthTech Roundtable 4:30pm Founders, Startups and Community 4:50pm Design-First Disruption: A Tale of Two Unicorns 5:10pm Fireside Chat: Getting to Tango: Services + Products, Corporates + Startups 5:30pm Product Mission 2020: Build for India and scale for the world 6:00pm Emerge 50 Awards: The League of Ten 6:30pm Founder Satsang Friday, October 26 8:00am Registrations 9:15am Recap of Day 1 and What to Expect day 2 9:20am Pune to Sunnyvale: Global Model of Success – The Druva Story 9:45am Fireside Chat: Building superstar teams at super scale 10:00am Industry - Academia Collaboration Roundtabble 10:05am SaaS Nation - India's Trillion Dollar Opportunity 10:25am Security Tokens: The New IPO 10:30am IoT and Devices Roundtable 11:00am Networking Tea/Coffee 11:30am Bharat Summit:- Introduction - Purpose and way forward Transportation & Logistics Summit:- The Future is Mobility The two tenets – innovate and scale: Show and Tell RetailTech Summit:- The Road Ahead for Retail - Preparing for the Future of Retail GTM Summit:- Doing Enterprise Sales for Global SAAS companies Vertical RoundTable - China's Pursuit of AI Leadership CXO Roundtable (Invite Only) Enterprise Connect 11:40am Bharat Summit:- Digital Bharat: Opportunities for businesses to build inclusive growth 11:50am Transportation & Logistics Summit:- Logistics Evolution 12:00pm RetailTech Summit:- The "Future" of Innovation is Open - Going from Ideas to Solutions at India's Largest Retailer AI and the future of work 12:05pm Bharat Summit:- Bharat Opportunities: Opportunities and challenges in Bharat GTM Summit:- How to get 0 to 100 customers for your SAAS company 12:20pm RetailTech Summit:- Building products that win: Lessons learned from the world’s largest (and smallest) retailers 12:30pm Advanced technologies in accelerating innovation Bharat Summit:- In the trenches: Learnings from operating in Bharat Transportation & Logistics Summit:- Startup Showcase 12:40pm GTM Summit:- Product/Market Fit Investor Perspective 12:45pm Intelligent Cloud and Intelligent Edge Working Together 1:00pm RetailTech Summit:- Innovation Case Study Lunch DeepTech Club Meetup (Invite Only) 2:00pm GTM Summit:- Legal Considerations while going Global The Future of the Cloud Bharat Summit:- Bharat Startups Showcase: Journeys of Bharat-focused startups RetailTech Summit:- Tech Tide - Riding the wave of innovation to build the Store of the Future Transportation & Logistics Summit:- Business of Mass Transportation 2:20pm GTM Summit:- Partnership Hacks for SAAS Companies 7 Lessons from Israeli Startups 2:25pm Bharat Summit:- Investing in Bharat: What does it take to nurture Bharat centric businesses 2:30pm RetailTech Summit:- Redefining Customer Experience in the Digital Age - Innovations in Marketing 2:40pm GTM Summit:- B2C Marketing Transportation & Logistics Summit:- Role of Data science in future of transportation in India AI Research in India: Solving for India 2:45pm RetailTech Summit:- Leveraging AI to create demand forecasting models, automation of merchandise financial planning and assortment 2:55pm Bharat Summit:- Bharat Speak: Crossing the language divide 3:00pm RetailTech Summit:- Redefining Customer Success through Chatbots, AI and Machine Learning GTM Summit:- Building Inside Sales for Selling Globally Transportation & Logistics Summit:- Vehicles of Future Blockchain Roundtable 3:15pm RetailTech Summit:- Innovation Case Study - RetailTech Startup Showcase 3:20pm Bharat Summit:- Winning in Bharat: Is there a winning business model for Bharat The Intertwining of Business & Technology 3:30pm GTM Summit:- Communicating for Results RetailTech Summit:- The Investment Perspective – Where are the future opportunities in RetailTech 3:45pm Bharat Summit:- Closing Keynote 4:00pm Networking Tea/Coffee RetailTech Roundtable 4:30pm Mission 2020: Young Innovator Perspective 4:50pm Intelligence Augmentation: A New Frontier for Humankind 5:15pm Dreaming Big for Indian Football ------------------------------------------------------- There are hoards of proxy websites—Hidester, Hide.me, Whoer.net, and Anonymouse—for that. ------------------------------------------------------- Bengaluru: Bengaluru has witnessed the highest drop in unsold residential inventory among the top seven cities, on the back of good home sales, particularly in the mid-segment price range, says a new report by Anarock Property Consultants. Also known as the country’s information technology (IT) capital, the southern city saw its unsold residential stock decline by 25% to 76,550 units at the end of the July-September quarter (2018) compared to 1,02,740 units in the corresponding quarter a year ago. Pune and National Capital Region (NCR) witnessed 10% and 9% declines, respectively, in unsold inventory over the last year. According to the report, Mumbai Metropolitan Region (MMR) has the maximum number of 2,23,125 unsold housing units, surpassing even India’s largest housing market NCR, which has 1,90,650 unsold units. “Burgeoning commercial activity, a cutting-edge start-up culture and realistic property prices dictated by end-user demand have kept Bengaluru’s real estate market vibrant, and generally more resilient than in other cities,” Anuj Puri, chairman of Anarock Property, said. The residential sector of Bengaluru complements its booming commercial office space market, which has attracted global investors and continues to see high demand despite the evidently challenging infrastructure issues. Also Read: Why millennials don’t like real estate The city’s residential supply has continued to thrive owing to much-in-demand mid-segment housing in the Rs 40-80 lakh range, something that Mumbai, for instance, is finding tough to achieve given the high land prices. The share of affordable housing in Bengaluru’s residential supply, too, has risen dramatically in the last two years, increasing from 16% in 2016 to 25% in 2018. “…In fact, Bengaluru’s housing sales increased by 26% in July-September over the same period last year, the highest amongst all cities. Overall unsold stock declined by 32% and stood at 76,550 units in Q3 2018 in contrast to 1,12,995 units in Q3 2015,” Puri said. While MMR and Hyderabad saw a marginal drop of 1-2 % in unsold inventory, Chennai and Kolkata actually saw an increase in unsold stock by 7% and 1%, respectively. ------------------------------------------------------- India’s young, unmarried, and mobile professionals have long been viewed with suspicion by landlords for their perceived exuberance and brashness. However, their housing nightmares may not last long, given the slew of startups betting on co-living as a solution to young urban Indians’ home-rental woes. On Oct. 22, Softbank-funded hospitality startup OYO announced the launch of OYO Living, its new co-living vertical that targets young professionals in four Indian cities. The Gurugram-based company is the newest addition to a growing list of firms joining the co-living segment. Co-living, or community living, involves tenants sharing common areas such as the kitchen and the living room while still having some privacy—generally a personal bedroom. Over the last five years, co-living startups such as NestAway, Zolo, and CoHo have entered major Indian cities with backing from well-known investors like Sequoia Capital and Goldman Sachs. These firms are emerging as an alternative for an increasingly mobile generation—bred on technology, with no fixed home. Millennials are good for business Most co-living startups are targeting young professionals and university students, a rejected lot in India’s traditional rental market. Housing complexes often put up signs banning “bachelor” tenants, perceived as not being traditional enough to live alongside families. “Millennials are accustomed to convenience. They are willing to pay for premium services for a frictionless experience,” says Uday Lakkar, co-founder of the home-rental app CoHo. “But that convenience is missing when it comes to long-stay accommodation, where they are back to the good old world of brokers and judgemental landlords.” Brokerage fees, as well as hefty security deposits and long-stay commitments, are added hassles for a floating population of urban dwellers who are estimated to switch jobs and homes every 20 months. “We help our residents save on brokerage, lock-in periods, and the hassle of searching house helps and support services involved while moving to a new residence,” says OYO’s chief growth officer Kavikrut. But it is not just the hunt for a home that the startups say they’ll simplify. Tenants can pay rent digitally, and request maintenance and repairs on the startups’ apps. In keeping with the flexibility of millennial lifestyles, CoHo lets tenants choose weekday meal plans if they prefer eating out on the weekends, and OYO will be offering “weekday accommodations to avoid the daily commute.” Business model India’s residential rental market is estimated to be worth $20 billion (Rs14,665 crore), 67.5% of which is in cities. The country is also home to the world’s largest population of young people, one in three of whom is a migrant. Shared housing is not new to young Indians. For decades, university students and young professionals on a budget have been staying as paying guests and in hostel accommodations, but co-living startups are revamping what until now had been a largely informal sector. These firms work in either of two ways. They can serve as middlemen between tenants and landlords, charging a commission on monthly rent. NestAway, for instance, acts more like a listing service for both shared and private accommodations, along with providing tenants with additional services such as on-demand housekeeping. On the other hand, firms like CoHo and Zolo are leasing entire apartment buildings and converting them into co-living spaces. At higher rates, tenants can include services like regular housekeeping in their monthly deal. OYO is also taking the second route and is initially leasing more than 35 properties to customise them for co-living. “It is a value-addition on the side of the asset owner as well. Because they have their property maintained as well as earn a fixed revenue,” says Ujjwal Chaudhry, engagement manager at RedSeer. “The agreement is such that the owner gets a rent from the companies every month irrespective of whether the property is occupied.” No man’s an island Though its scale is to be fully ascertained, India is staring at a loneliness epidemic. In 2004, a government survey by the National Sample Survey Office found that 4.91 million people were living alone and suffering from loneliness. Migration of young professionals and students to cities has only risen since then. A Nielsen survey reported that single-person households have increased by about 35% between 2007 and 2017, mainly in cities. While developing a social circle in a new city can be daunting, co-living startups say they can provide a sense of community. From home events to simply having another young person down the hall for a quick chat, it could be a convenient way to find company. “Someone will text and ask other house members on the WhatsApp group if they want to play badminton in the evening. We’re doing a cards game and a movie this weekend at one of our houses,” says Kevin William David, a 29-year-old marketing executive who stays at a private apartment in a building managed by a co-living startup in Bengaluru. “But frankly, I haven’t been to any of these events,” he adds. What’s next Co-living firms are still just nibbling at the market share. “95% of the competition is still uncles and aunties renting their houses,” said CoHo’s Lakkar. “There is a large market for these services, though more of it is concentrated in the metros. But there can also be specific markets, like cities in south India which have a large number of colleges,” Chaudhry said. But not all signs are optimistic. Startups are also burning through funds amid mounting losses. FellaHomes and Wudstay, both headquartered in Gurugram, shut shop last year after mass layoffs proved inadequate. Mumbai-based Grabhouse, which only a year before had secured $12.5 million funding from Sequoia Capital and Kalaari Capital, was acquired by Bengaluru-based property listing platform Quikr in 2016 after cost-cutting measures. Retention of customers too can be tricky. “Most of these young people are going to be there for a short time before they start a family and want to move into a private home,” said Vijay Anand, founder of The Startup Center, a Chennai-based startup accelerator. Perhaps that’s why the firms are also beginning to branch out. NestAway acquired rival app Zenify last year to offer home rentals to families. Bengaluru-based Zolo’s Select programme is targeting single women over the age of 40. OYO has just entered the segment, but it too is looking at other demographic groups. “We aspire to eventually offer OYO Living spaces to newer target audience segments, like retirement homes for the growing population,” Kavikrut said. ------------------------------------------------------- Ram came to visit us with his father three years ago for financial planning. Both father and son thought their goals were met and the father was ready to step into retirement with a comfortable “notional” property value of ₹6 crore. On the source of income the father would use to maintain his living expenses for the next 30 years, they mentioned a few savings. A month ago, Ram visited us for his regular goal review and told me his father is looking at selling a property to fund his retirement as he is in need of regular income and the earlier savings created for retirement were exhausted. Ram enquired about the various guaranteed income options available to help fund his father’s regular income needs. There are three distinct mistakes seen here. One, investing in real estate thinking it’s the best bet for sunset years and hence having a skewed asset allocation to immovable assets and not having any liquidity. Two, not building a corpus for retirement during the retirement accumulation phase with inflation-adjusted investment options. Three, believing that, in a declining interest rate scenario, guaranteed interest saving options like fixed deposits would sustain living expenses in the retirement distribution phase. Perhaps, the Zamindari System of land ownership in parts of India in the 1700 and 1800 created the false pride of ownership of land among the descendants of baby boomers. Mind set and beliefs of Millennials Today’s millennials are different. Their investment decisions are based on socially responsible investing patterns and environmental factors. According to a study, more than 60% of millennials would rather save their money for travelling than to start a family. Experiences are said to outweigh material possessions or the need to portray an outwardly sense of pride of ownership. Millennials who invest in property: Millennials are late to enter the real estate market and are ready to take on more “calculated” risks after an educated and informed analysis of the property. Unlike traditional site visits that people do, 65% of millennials’ decisions are based on a 3D image view seen on their mobile phones before they actually visit a site. Millennials have a more “investor” mindset when it comes to purchasing a property. They look for amenities, value add and benefits that would improve the overall experience of their home. Millennials are ready to spend more provided they get quality for what they invest in. 43% of millennials will make their homes smart homes, and want the latest in gadgets and technology to aid comfort. Location, amenities, hospitals, schools, commuting play a vital role in the decision making of millennials. The average period of stay in a home for millennials is six years compared to 10 years for generation X. Millennials will take the plunge only when they have carefully evaluated all options and have a sense of financial security before taking the plunge. They want the best advice and are willing to pay a premium for a trustworthy advisor. Millennials who live away from parents: Millennials “live entirely different lifestyles from their parents, often holding different sets of beliefs”. Millennials who live overseas due to work requirements and have family back in India prefer not to take the burden of managing properties that parents have bequeathed to them. Many of them may not want to return to India and realise the challenges of liquidity, legal issues, red tapism and corruption in selling their parents’ estate in India. They rather have the parents sell the immovable asset and hand over cash to them. Investment beliefs: Financial assets give them more stability, flexibility and power to manoeuvre their goals over time. Their goals are short-term, well-articulated and they don’t believe in saving beyond 5-7 years. In conclusion, millennials are more inclined to invest in financial assets over physical assets for ease of management of investment, control and easy accessibility. Millennials who grew up during the financial crisis periods of 1987, 2001 and 2008 are risk averse and don’t invest in risky assets. They believe in the need for a trusted investment advisor and are willing to pay a premium provided there is no breach of trust. ------------------------------------------------------- India is all set for the techno-haul coming up in real estate owing to the official permission of commercial use of drones from December 1, 2018. This will surely bring revolution in real estate as aerial photography and videography becomes a useful medium to represent a property effectively for providing a larger than life perspective. Additionally, given the cut-throat competitiveness nature of real estate business, effectual pictures to show a bird’s eye view of the property helps showcase a project’s surroundings better. One can examine the social infrastructure of the property such as markets, parks, etc. which again provides a wholesome experience to the buyer. In this digital era, almost every buyer is searching for properties online and to stand out from the rest of properties, one has to keep up with innovation. The power of video marketing In this digital era, almost every home buyer scrutinizes real estate projects online, hence upgrading and utilizing right technology tool is the only way forward in order to sustain in the market. For under-construction properties, 360-degree views from the building at various heights can give buyers a sense of the actual views from their apartments. Beyond the marketing purview, drones can helps in quality-control and inspection at construction sites. When it comes to planning stage, technology has helped immensely to conceptualise what development is going to be. This is because, visual representation is more informative than set of plans. Lastly, precise and well-timed assessments of property conditions by utilizing drone technology helps in reducing investment risk. That is, property managers, owners and insurers make key decisions about their properties using the technology. Property mapping via drones According to a recent survey by PwC, the use of drones for the purpose of property mapping is becoming prominent, since it is easier to draw 3 dimensional maps of buildings providing details such a built up area and number of floors. Also, the technology is cheaper now compared to some years ago, and cost same to augmented reality (AR) and virtual reality (VR). The data collected using drones can also be used to compare original plans with the ongoing construction work to showcase potential buyers how a site is making progress. Moreover, this technology can help scrutinize different stages of an under-construction project and help managing resources. Also, all the third party websites are equipped to support high-end technology which showcases such videos. The NRI buy-in The technology is also well – received by NRI community whose interest in real estate has already increased tremendously in past two years post implication of RERA and GST. More recently the real estate investment sentiments have turned even more positive for NRI community owing to depreciating value of rupee against dollar. Hence, streamlining the buying and selling process by providing more visual information at a reasonable cost has fueled purchasing decision of this segment. Also with this set of demography, any opportunity to further educate the buyer about the property they’re purchasing is a win-win situation. The Millennial Connect A survey by CBRE (real estate and investment firm) says that 82% of Indian millennial stay with their parents and more than 23% of these are likely to move out of their family homes within the next two to five years. These stats point out to an encouraging fact – that the millennial are serious about their future and consider owning a home as an important investment. Also, since the segments is extremely informed and have a ready checklist, drone videos comes handy in order to speculate the project properly. Already, 32% of people in the market to buy a new home are actually first-time homebuyers. Being able to look at some futuristic aerial photos and videos could help sellers close deals with this younger demographic. In Conclusion The best from the real estate fraternity already know that presentation is the key in attracting and engaging with serious buyers. Real estate investors base their investment on many factors. Hence, using the drones can help in selling land and existing properties, especially when investors are located in another state or country. With the aerial capabilities of a drone, surveying is quicker than the traditional methods. Also with drones, one can capture what most people would never see, and that will give them much more to go on when they are making the decision to buy their next home.