IndusInd Bank launches five new PIONEER branches strengthening its wealth management biz
At the heart of the PIONEER proposition is the Client Ownership Model, where each client is served by a dedicated duo - a Relationship Manager and a Service Relationship Manager, trained to manage every aspect of the client's banking journey. This relationship-led approach is backed by over 900 certified RMs, 150+ SRMs (Service RMs), and 100+ domain specialists, ensuring both personalized attention and domain expertise. Clients also benefit from INDIE, the Bank's digital platform that enables one-touch access to their relationship team, real-time event-based updates, and seamless service requests such as doorstep banking, locker bookings, or card upgrades.
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Business Standard
29 minutes ago
- Business Standard
India needs $2.4 trn to build climate-resilient infra by 2050: World Bank
India would need an estimated investment of over $2.4 trillion by 2050 and $10.9 trillion by 2070 to meet climate-resilient infrastructure and service needs for around 951 million people living in its urban centres, the World Bank said on Tuesday. With India's urban population expected to nearly double from 480 million in 2025 to 951 million by 2050, the report stated that climate change events, such as erratic rainfall, heatwaves, and rising sea levels, could leave urban areas in the world's most populous nation increasingly vulnerable. In its report titled Towards Resilient and Prosperous Cities in India, prepared in collaboration with the Ministry of Housing and Urban Affairs, the international financial institution recommended that the central government develop a dedicated national urban and state resilience programme addressing flood risks and extreme heat. It recommended the implementation of integrated urban flood risk management at national and state levels, with sustainable stormwater management at the city level, along with heat mitigation actions. 'Such plans across Indian cities could increase the gross domestic product (GDP) by up to 0.4 per cent and save up to 130,000 lives a year by 2050,' the report added. The World Bank claimed that India has yet to build over 50 per cent of the urban infrastructure required for 2050, providing it with a critical opportunity to drive resilient urban infrastructure development. Highlighting the high cost of retrofitting urban infrastructure, the Bank also emphasised the need for cities to strengthen defences against climate shocks while embedding resilience into future growth. Such a shift, it said, is essential to improving quality of life and ensuring sustained economic momentum. To counter this, the government has been advised to improve access to urban finance through better private sector engagement. 'Invest in resilient infrastructure and municipal services, energy-efficient and resilient housing, modernise solid waste management, and make urban transport flood resilient,' it added. The report also proposes setting up a national multisectoral task force consisting of representatives from key ministries to develop a new national programme on urban resilience. 'The task force can assess ongoing policies and schemes at the central, state, and municipal levels, and assess what works well and what can be improved,' it added. The Bank, however, warned of severe consequences if timely action is not taken. 'Cities could face escalating losses from more frequent and intense climate events such as floods, extreme heat, and water scarcity,' it stated. The report projects that urban pluvial or stormwater flooding-related losses, which currently cost between 0.5 and 2.5 per cent of the country's GDP annually, could double under a global high-emission scenario.
Time of India
3 hours ago
- Time of India
Sales of affordable, mid-income flats drop 32 pc in Jan-Jun across 7 cities: JLL
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's seven major cities have witnessed a 32 per cent drop in sales of apartments costing below Rs 1 crore, while demand for premium homes rose 5 per cent during the first six months of this year, according to Tuesday, real estate consultant JLL India released its report for housing market, which showed that sales of apartments fell 13 per cent annually in January-June 2025 to 1,34,776 units across seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Kolkata, Chennai, Hyderabad, Bengaluru, and includes only apartments. Rowhouses, villas, and plotted developments have been per the data, sales of apartments (below Rs 1 crore category) fell 32 per cent annually in January-June to 51,804 sales of premium apartments (each above Rs 1 crore) rose 6 per cent to 82,972 units in the first six months of this calendar year."Apartments valued at Rs 1 crore and above represented approximately 62 per cent of total sales during the first half of 2025, marking a significant increase from their 51 per cent market share during the same period last year," JLL India segment's (sub-Rs 1 crore) share dropped to 38 per cent during the first half of 2025 from 49 per cent in the year-ago period."The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment," said Samantak Das, Chief Economist and Head of Research, JLL Sterling Developers CMD Ramani Shastri said the real estate market is set for steady growth supported by reduced home loan interest rates, continued policy support, and infrastructure Suraj, Founder of InfraMantra, noted that Gurugram has seen huge supply in the luxury segment and a consequent demand from HNIs, NRIs and new-gen wealth estate and construction firm BCD Group CMD Angad Bedi said the record leasing of office spaces is helping drive housing demand across top-seven Kothari, Founder & CEO of Property First Realty, noted that there is a growing trend of premiumisation in the residential real estate Kumar, Marketing Head of M5 Mahendra Group, said, "India's growing economy has led to an increase in high-net-worth individuals (HNIWs) and ultra (HNIWs), especially in urban hubs."These major cities are seeing a surge in demand for high-end homes that offer luxury, exclusivity as well as connectivity, he added. PTI
News18
3 hours ago
- News18
Sales of affordable, mid-income flats drop 32 pc in Jan-Jun across 7 cities: JLL
New Delhi, Jul 22 (PTI) India's seven major cities have witnessed a 32 per cent drop in sales of apartments costing below Rs 1 crore, while demand for premium homes rose 5 per cent during the first six months of this year, according to JLL. On Tuesday, real estate consultant JLL India released its report for housing market, which showed that sales of apartments fell 13 per cent annually in January-June 2025 to 1,34,776 units across seven cities — Mumbai Metropolitan Region (MMR), Delhi-NCR, Kolkata, Chennai, Hyderabad, Bengaluru, and Pune. Data includes only apartments. Rowhouses, villas, and plotted developments have been excluded. As per the data, sales of apartments (below Rs 1 crore category) fell 32 per cent annually in January-June to 51,804 units. However, sales of premium apartments (each above Rs 1 crore) rose 6 per cent to 82,972 units in the first six months of this calendar year. 'Apartments valued at Rs 1 crore and above represented approximately 62 per cent of total sales during the first half of 2025, marking a significant increase from their 51 per cent market share during the same period last year," JLL India said. Mass segment's (sub-Rs 1 crore) share dropped to 38 per cent during the first half of 2025 from 49 per cent in the year-ago period. 'The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment," said Samantak Das, Chief Economist and Head of Research, JLL India. Bengaluru-based Sterling Developers CMD Ramani Shastri said the real estate market is set for steady growth supported by reduced home loan interest rates, continued policy support, and infrastructure upgrades. Shiwang Suraj, Founder of InfraMantra, noted that Gurugram has seen huge supply in the luxury segment and a consequent demand from HNIs, NRIs and new-gen wealth creators. Real estate and construction firm BCD Group CMD Angad Bedi said the record leasing of office spaces is helping drive housing demand across top-seven cities. Bhavesh Kothari, Founder & CEO of Property First Realty, noted that there is a growing trend of premiumisation in the residential real estate market. Yathish Kumar, Marketing Head of M5 Mahendra Group, said, 'India's growing economy has led to an increase in high-net-worth individuals (HNIWs) and ultra (HNIWs), especially in urban hubs." These major cities are seeing a surge in demand for high-end homes that offer luxury, exclusivity as well as connectivity, he added. PTI MJH TRB view comments First Published: July 22, 2025, 16:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
