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Business Standard
15-05-2025
- Business
- Business Standard
Assetz aims to launch Rs 7,500 crore GDV residential projects in FY26
Bengaluru-based real estate firm Assetz aims to launch luxury residential projects with a Gross Development Value (GDV) of Rs 7,500 crore within FY26, while targeting a pre-sales compound annual growth rate (CAGR) of 45 per cent over the next three years, backed by sufficient land parcels to support launches during this period. The total GDV of unsold inventory and upcoming launches for the current year is estimated at around Rs 10,000 crore. The company also told Business Standard that it is 'evaluating IPO plans' for the future, though it did not provide a specific timeline. Sunil Pareek, Executive Director, Assetz, said, 'We have delivered over 40 per cent CAGR in pre-sales over the past three to four years, and we have strong visibility of sustaining the momentum going ahead.' Backed by the likes of the National Investment and Infrastructure Fund (NIIF), JP Morgan, and Apollo Global Management, Assetz operates across domains such as residential, commercial, warehousing, and data centres. 'Real estate has evolved from simply constructing buildings to offering a complete lifestyle. Developers who understand this shift—and adapt to the changing needs of today's homebuyers, primarily millennials and Gen Z—are succeeding.' Assetz revealed that it has secured approximately 600 acres of land for residential projects over the past decade, with around 250 acres currently under active development. The company has also developed commercial assets that were subsequently acquired by Singapore-based Mapletree Investments and Blackstone. 'We primarily secure land through joint development agreements. We also selectively purchase land when valuations align with our unit economics. Additionally, we strategically pursue development management contracts to gain access to prime land parcels.' As part of its geographical expansion strategy, the company plans to enter South Bengaluru and aims to launch approximately 6,000 homes over the next 15 to 18 months. 'You scale quickly if you can deliver a superior product at a fair price. Based on pre-sales performance alone, we believe we're on track to be among the top five developers in Bengaluru—not by legacy, but by current market demand.' In line with its goal of capturing 6–7 per cent of Bengaluru's real estate market over the next three years, the realtor plans to increase its land holdings to 27 by acquiring 10 additional parcels in the near term.
Yahoo
08-02-2025
- Health
- Yahoo
Researchers make critical discovery that could prevent supermarket scarcity: 'Crucial for global trade and food security'
While breakthroughs in refrigeration have significantly extended the shelf life of perishable foods, certain foods, like tropical fruits, are disparately damaged when stored in cool temperatures. New research is hoping to change that, however. The discovery comes from a new study by researchers at the National Institute of Food Technology Entrepreneurship and Management, who analyzed the main pathways involved with adenosine triphosphate — a molecule that supplies energy to living cells. They discovered ATP's intracellular and extracellular forms interact to mediate chilling stress, with the γ-aminobutyric acid shunt pathway and the cytochrome pathway playing principal roles in the production of the molecule. Researchers also found a way to stimulate protective responses against oxidative damage from cold with coenzyme nicotinamide adenine dinucleotide and the signaling role of extracellular ATP. The physiological process involved in produce being damaged in the cold, called postharvest chilling injury (PCI), hampers electron transport and ATP, affecting the taste and quality of fruit and accelerating spoilage. PCI is a significant problem for the horticulture industry, leading to considerable food waste. Dr. Sunil Pareek, lead author of the study, believes the discovery could have major implications for the horticulture industry. "Our review underscores the pivotal role of ATP in postharvest fruit management. By understanding ATP's regulatory mechanisms, we could revolutionize the preservation of fruit quality, especially in cold storage, which is crucial for global trade and food security," said Pareek, per Reducing the amount of food impacted by PCI would not only make food more accessible, but it would also reduce food waste, a significant contributor to global warming. When food is sent to landfills, it rots and releases planet-warming methane gas. After carbon dioxide, methane is the second-largest contributor to global warming, exacerbating extreme weather events, disrupting ecosystems, and threatening the health of all life on our planet. What's your biggest motivation in trying to reduce your personal food waste? Saving money Helping the planet Not being a wasteful person I don't think about reducing food waste Click your choice to see results and speak your mind. Methane gas is also dangerous because of the ozone it creates as it oxidizes. Ozone, a harmful gas pollutant, can contribute to numerous health issues, such as coughing, shortness of breath, worse asthma or bronchitis symptoms, and irritation and damage to airways, per the Environmental Protection Agency. Farms and manufacturing make up 21% and 13% of all food waste, respectively, but luckily, studies like this one and organizations utilizing creative ways to combat food waste are helping to reduce the amount being sent to landfills. One such solution is a new program being piloted in Japan. Instead of sending food waste to landfills, veterinarian Koichi Takahashi and a team of researchers developed a fermentation process to create an eco-friendly feed for pigs. In California, an organization called ExtraFood tackles food waste by redistributing food from grocery stores. Instead of going in the dumpster, ExtraFood collects the food and delivers it to nonprofits and food pantries, ensuring the food goes to people in need instead of a landfill. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
