How India Searched for Homes During The Pandemic Year 2020 – A Report by Magicbricks

Pune, Bengaluru and Mumbai India’s most searched cities for 2020

2X growth in searches for 4BHKs and above due to WFH

Affordability is the buzz word for real estate in 2020

Noida, December 2020: With Work From Home (WFH) emerging as the new normal due to the outbreak of the pandemic, the desire to have an extra room double resulted in doubling of searches for 4BHK and above during the Pandemic year,  reveals How India Searched for Homes During The Pandemic Year 2020 – A Report by Magicbricks.

How India Searched for Homes During The Pandemic Year 2020 also reveals that most searched cities for homebuyers were Pune, Bengaluru, Mumbai and affordability was the key to all house hunts.

As per the Magicbricks report: 57% of buyers wished to invest in Multi-storey apartments and on a micro-level Gurgaon witnessed almost 73% individuals seeking for 3BHKs or more. The top 5 localities that buyers were looking for in the rental category were: Noida Extension, Whitefield- Bengaluru, Andheri West- Mumbai, Sarjapur road- Bengaluru, Saket – New Delhi.

In the South, 40% of the buyer searched for Independent houses/plots and people looked for meditation centres as key amenity in societies. From a lifestyle point of view, highest searches for veg only properties came in from Ahmedabad.

It is enlightening to see how Indians have evolved through their home buying/renting journey and what key factors have influenced the final decision.

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Disaster Preparedness must focus on Children at the risk of losing Parental Care: SOS Children’s Villages of India

New Delhi, December 17, 2020: “As the world’s youngest democracy, and one that is most prone to natural disasters, India must be well prepared to rescue children who face the risk of losing parental care at the times of disasters and emergencies such as cyclones, floods, earthquakes, droughts, and pandemics,” urged experts. 

Participating in a virtual media briefing on ‘Impact of Natural Disasters on Children’, organised by SOS Children’s Villages of India (SOSCVI), India’s largest child care NGO providing family-like care for children without parental care, the experts: Mr. Sumanta Kar, Senior Deputy National Director, SOSCVI, and Mr. Anil Kumar Sinha, IAS (Rtd.), mentor and consultant on hazardous risk management, climate change adaptation & sustainable development, said that natural disasters and extreme weather events have become a growing threat to the well-being of children. Globally at least 175 million children are affected by such and other natural disasters every year. 

They pointed out that India’s unique socio-economic, and geo-climatic conditions make it one of the most vulnerable country to natural disasters. The Global Climate Risk Index Report 2019 ranks India as the 14th most disaster prone country in the world. Further, over 40% of its population is below 18 years of age. Given this backdrop, India ends up becoming one among the countries with the highest number of affected children.

The experts noted that in the event of a natural disaster children from poor families become more vulnerable to injuries – their risk of succumbing to injuries is high, in the absence of timely medical care. Natural disasters disrupt food supply. Hence children suffer from hunger and malnutrition. They get diarrheal illnesses owing to water contamination. 

They said that psychological damages to the children are worse, and may long last well into their adulthood. Disasters frighten the children and make them successful. Events like damages to their homes and possessions, displacements and migration of their families, the experience of watching the stress their parents undergo, and losing loved ones – all can leave children emotionally drained. Further, breakdowns in social networks and neighborhoods and loss of livelihood of parents can create a situation for neglect or abuse of children.

Talking about the education of vulnerable children, the experts said that when their families lose their livelihood or are displaced, the education of the children is disrupted. Many children from the vulnerable families hit by disasters are forced to take up work. 

On the core components of children-focused disaster preparedness, the experts said that it is not just about distributing food or hygiene kits, but also about building capacity at local communities, taking care of the emotional well-being of the children by setting up necessary physical infrastructure and securing the services of professional caregivers, and rebuilding livelihoods of parents and caregivers.

In his address, Mr. Anil Kumar Sinha, said, “Though natural disasters appear to affect everyone the same, in reality they affect children and women more as they are by far the most vulnerable. The impact is also high on and marginalised communities.  Children suffer tremendous psychological trauma – as evident from the ongoing pandemic, children are deprived of their basic freedom to play outdoors, interact with their peers and to learn. Hence it calls for effective risk communication and community engagement in response to management of disasters. SOS Children’s Villages of India is doing a commendable job on these two fronts. Other organisations working in this space can benefit by imbibing their good practices.”

In his presentation on the disaster management activities of SOSCVI, Mr Kar said that his organisation had supported 15,000 children during emergencies and disasters in 2019. The NGO reached out to children and their communities during major disasters in the past, including earthquakes of Latur (Maharashtra, 1993) and Bhuj (2001), Tsunami (southern coast -2004) , Cyclone Fani (2019) and more recently Amphan, Nisagra, Nivar and Burevi, and COVID-19 (2020).

“As a response to COVID-19, we focused on safeguarding our own children (over 6,500) who live in our Villagesby safeguarding their health and emotional well-being as well as ensuring that they continue to get an education using digital means. We also looked after children (over 17,500) of the vulnerable communities, where we run our Family Strengthening Programme. The latter is an outreach programme that prevents ‘at risk’ children from losing parental care by securing and upholding family incomes sustainably by empowering women. During lockdown, we supplied essential food and hygiene kits to them. We are now working on the restoration of lost livelihoods or developing alternative livelihoods through capacity building and skilling. We also ensure that the children of vulnerable families continue to get digital education and activity based learning,” he said.

SOSCVI reached out to more than 26,500 children (including 2,500 new children) in 2020 through these interventions. It had set up two quarantine centres in Bhopal and Pune for abandoned children. It opened a Child Care Space at a Covid 19 First Line Treatment Centre in Puthur Panchayat in Kerala. By 2021, the NGO is planning to have increased its capacity adequate enough to reach out to 8000 new children. 

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Christmas:Indian Music Experience Museum plans a unique workshop, filled with interesting information, insightful ideas and inspiring music.

On the occasion of the Christmas time! Indian Music Experience Museum plans a unique workshop, filled with interesting information, insightful ideas and inspiring music is led by Tiara Oberoi with Ria Bhatnagar, Tiana Oberoi and Leeanne Besterwitch, students of Sandra Oberoi (Founding Director of Harmony-the music school). They bring to this workshop a combined expertise of having traveled internationally with The Harmony Chorus, performing across Russia and the UK, winning the UK Choir Festival for choral excellence; competing on Rising Star, a national level reality singing show on Colors tv, placing at India’s top 8, and participating in several music shows including Christmas events.

It’s #Christmas time! A time to celebrate, sing and spread joy. Discover some fascinating traditions from around the world while learning to sing your favourite Christmas carols. Learn a few tips on good vocal technique and how to care for your voice as well.
This Christmas Carols Workshop on 19th and 20th December, in collaboration with Harmony-The Music School, is not to be missed! Register now to book your slot!

Tickets available on BookMyShow: https://bit.ly/3mbZI7v

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Important To Distinguish Between Fantasy Sports And Online Games, say Industry Experts

IndiaTech elaborates the draft NITI Aayog guidelines on fantasy sports and how it can boost sports in India

National, December 16, 2020 : IndiaTech.Org (TSIA), a non-profit organization focused on building the world’s largest internet commerce ecosystem, recently organized a session to discuss the impact of NITI Aayog guidelines on the Indian Fantasy Sports industry. As a part of the session, leading stalwarts from the industry including Mr. Rameesh Kailasam, CEO, IndiaTech, Ms. Shwetasree Majumdar, Fidus Law Chambers and Mr. Bimal Julka, Chairman, FIFS recognized Fantasy Sports as a great sports engagement platform distinguishing it from online gaming.

The panellists interpreted the draft guidelines and discussed the need to promote self-regulation in order to ensure transparency, accountability and help bring clarity to the Fantasy Sports industry. They believe that, as fantasy sports are predominantly skill-based sports engagement platforms, this move will help differentiate fantasy sports from games of questionable legality in the guise of fantasy sports and create a safe-harbour with defined parameters and mechanisms. The panellists at the session additionally stressed upon the contribution of Fantasy Sports towards the Indian economy highlighting how the industry is expected to contribute INR 13,500 Crores in taxes to the Indian government in the next 5 years and create additional 12,000 jobs in the next few years.

Recognizing the immense potential that the OFS industry holds, Mr. Rameesh Kailasam said, “This endeavour by NITI Aayog is a welcome step in the direction of moving towards regulatory clarity for the Online Fantasy Sports sector. Such an effort would enable both the Centre and States to work in the direction of enabling this sunrise sector which is currently dependent on various court judgements for legitimacy to distinguish itself. With the absence of specific regulation, lack of policy clarity and discretionary interpretations by various State-wise regulatory regimes, the Online Fantasy Sports sector despite being acknowledged as a sunrise sector that engages with sports fans and enthusiasts suffers due to being misunderstood with many other forms of online games that are different. India also has a huge potential of creating more startups in this space that can take on the world.”

Talking about the legal status of fantasy sports, Ms. Shwetasree Majumdar, Managing Partner, Fidus Law Chambers said, “It is encouraging to see NITI Aayog lay emphasis on how fantasy sports should emulate real-world sports. Providing a distinct identity to Fantasy Sports will go a long way in gaining the consumers’ trust and ensuring that all OFS platforms function responsibly and remain compliant with the prescribed format. I believe, it is time that we see a necessary shift away from viewing fantasy sports as an exception to betting and gambling, to eliminate the extant ambiguity that the operators encounter at the state level.”

Talking about contribution of fantasy sports towards sports, Mr.Bimal Julka, Chairman, Federation of Indian Fantasy Sports, said, “The emergence of multiple sports and leagues coupled with rapid improvement in digital infrastructure is witnessing many sports tech innovations. Fantasy sports has emerged as one such innovative tool of engagement that has grown exponentially in the past few years. Fantasy sports has the potential to grow sports in India both – depth and breadth. OFS operators are partnering with not only international tournaments but also at the domestic level. Currently, OFS operators are hosting fantasy sports tournaments for over 10 sports that not only include mainstream sports like Cricket and Football but also upcoming sports like Kabaddi, Volleyball, Handball, Baseball and so on. India has become the largest fantasy sports industry in the world, surpassing the U.S.”

The format of fantasy sports is skill-intensive and non-addictive in nature and has constantly provided an opportunity for newer sports to become popular in the country among sports fans. The formalisation of these Guiding Principles will allow for the much-needed progressive reforms to take place and ensure that the OFS industry is well placed to grow responsibly and safeguard the user experience. IndiaTech in September 2020 had also authored and released a whitepaper on Online Fantasy Sports and the various facets attached to it.

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Aditya Birla Sun Life Insurance launches ABSLI Assured Income Plus

A plan that offers ‘Guaranteed Long Term Income’

December 2020: Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), today announced the launch of its new plan ABSLI Assured Income Plus. ABSLI Assured Income Plus offers guaranteed monthly income to fulfil monetary requirements of an individual and their family’s recurring needs for up to 30 years while building a financial safety net. 

This non-linked, non-participating individual savings plan offers several options providing enough flexibility to customize the product as per one’s requirements. It comes with two-income benefit options and allows the flexibility of three premium paying term options of 6, 8, and 12 years. While, the Income Only Benefit option (first in the industry) enables customers to fulfil their income needs, the Income Benefit with Return of Premium option helps in creating a legacy for the loved ones, in addition to recurring income. One may opt to receive the benefits annually, semi-annually, quarterly, or monthly for a period of 20, 25 or 30 long years, according to an individual’s financial milestones. It also offers flexibility to commute all future incomes and Return of Premium, if any, as lumpsum, to address an untimely monetary need. Additionally, the plan gives enhanced risk coverage with a comprehensive rider suite at a nominal cost.

Commenting on the launch, MD & CEO of Aditya Birla Sun Life Insurance, Kamlesh Rao, said, “ABSLI Assured Income Plus is a robust insurance policy aiming to offer guaranteed regular income that can cater to the customer’s short and long-term financial requirements. It is designed specifically for customers who are looking for an additional/alternate source of guaranteed long-term income. Besides these, the policy also offers a comprehensive life cover across the policy term. The goal of this product is to assist people to upgrade their lifestyle and fulfil their financial aspirations without compromise through a guaranteed inflow of recurring income stream”.

ABSLI Assured Income Plus also offers Sum Assured in a lump-sum to the nominee, in case of unfortunate death of the Life Insured anytime during the Policy Term. Moreover, The Nominee will have the flexibility to receive the amount of Death Benefit in Annual/ Monthly instalments instead of a lump-sum, over a period of 10 years.

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