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Times Real Estate Conclave & Awards 2021 brings good news galore, best performers

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Times Real Estate Conclave & Awards 2021 brings good news galore, best performers

The Times Real Estate Conclave & Awards 2021 had a flurry of good news for developers and other constituents of the industry.

The chief guest of the event Dr Jitendra Satish Awhad, housing minister of Maharashtra, announced that the state government is likely to have an amnesty scheme wherein concessions along with a guarantee that there will be no Section 13(2) for five years will be extended to the defaulting developer companies. Section 13(2) is the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

One of the conditions that the developers will have to follow will be the rehabilitation of the residents of the existing colonies before the redevelopment procedure starts.

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“MHADA will lease open plots to the developers and they can go and get money on that. There will always be a tripartite agreement signed by MHADA. No builder will own an inch of land in MHADA. Builders can only redevelop the property but not own the property,” Awhad said.

Times Real Estate Conclave & Awards 2021 was held with all the usual pomp and glory at The Taj Palace, Colaba on December 20, 2021, and was attended by the best-known names in the real estate industry. The state minister’s announcement was whole-heartedly welcomed by the audience.

The annual event which the real estate industry eagerly awaits every year conferred 36 felicitations to the best performers in all categories of real estate development from townships to commercial space, retail malls to luxury brands, lifetime achievers to thematic projects.

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Maharashtra government is waiting for the President’s assent to a state government’s amendment of the law, explained Dr Awhad, which will allow the Maharashtra Housing and Area Development Authority (MHADA) to redevelop or repair dilapidated and cessed buildings.

The amendment of the law can revolutionize the real estate business in Mumbai. “It is not enough to just give government policy concessions and tax benefits to the industry. The state government is trying to build confidence so that all the stakeholders, viz: the consumer, the developers, and the state government benefit from the growth in the sector.”

The two panel discussions during the conclave were on the “government support through circle rate cuts and stamp duty reductions” and “commercial and residential real estate demand bouncing back.”

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In the first discussion the panelists were Boman Rustom Irani, President-Elect, CREDAI (Confederation of Real Estate Developers Association of India) and Chairman and Managing Director, Rustomjee; Rajan Bandelkar, President, NAREDCO and Founder and Managing Director, Raunak Group and Manish Bathija, Owner of Paradise Group.

In the second discussion, the panelists were Manan Shah, Managing Director, MICL Group Khilen Shah, SVP – Corporate, Hubtown Limited and Paarth K Mehta, Managing Director, Paradigm Realty India.

Also Read: The Top 10 cryptocurrency 2022 To Invest

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The winners of this year’s Times Real Estate Icons are:

> Iconic Outstanding Contribution to the Real Estate Industry: Rajan Bandelkar of Raunak Group

> Iconic Real Estate Brand of the Year: Birla Estates

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>Iconic Super Luxury Project: Rustomjee Elements Juhu by Rustomjee Group

> Iconic Realty Personality of the Year: Boman Irani of Rustomjee Group

> Iconic Committed Developer of the Year: Paradise Group

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> Iconic Township Project: Sarova by SD Corporation

> Iconic Residential Developer – Central MMR: Raunak Group

> Iconic Young Achiever of the Year: Manan Shah of MICL Group

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> Iconic Commercial Project for New Work Environment: “At” by AGM Vijaylaxmi Venture

> Iconic Township Project: Wadhwa Wise City by The Wadhwa Group

> Iconic Luxury Segment Project – Central Suburbs: Purva Clermont by Purvankara

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>Iconic Luxury Segment Homes – Western Suburbs: Raajvilas by The Laxmi Group

> Iconic Emerging Developer of the Year: Paradigm Realty

> Iconic Residential Project of the Year: Birla Niyaara by Birla Estates

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> Iconic Luxurious Real Estate Brand of the Year: Lodha Luxury

>Iconic Residential Project Launch Campaign: Birla Estates for Birla Niyaara

> Iconic Developer for Redevelopment Projects: Je & Vee Infrastructure

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> Iconic Residential Project of the Year – South Mumbai: Dosti Eastern Bay by Dosti Realty

> Iconic Residential Project – Thane: Rutu City by Rutu Group

> Iconic Super Luxury Project – South Mumbai: 25 South by HubtownIconic Innovative Market Brand in Real Estate: Justo

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> Iconic Women Achiever: Priyaa Gurnani by Moraj Infratech

> Iconic Super Luxury Project – Thane: Viraj Tower by Raunak Group

> Iconic Innovative Commercial Project: Goodwill Bizhub by Goodwill Developers

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> Iconic Township Project – Central Suburbs: Rutu Riverview Classic by Rutu Group

> Iconic Thematic Project: Provident Palm Vista by Provident Housing

> Iconic Real Estate Launch Campaign of the Year: Rustomjee Bella by Rustomjee Group

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> Iconic Residential Project Thane: Northern Lights by Shapoorji Pallonji Real Estate

> Iconic Strategic Partner Affordable Housing: Stallions

> Iconic Residential Developer – Kalyan MMR: Saket Group

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> Iconic Excellence in Location: Swaminarayan City by Swaminarayan Group

> Iconic Budget Homes: MMR Shreeji Nisarg by Shreeji Developers

> Iconic Affordable Weekend Homes: Majestic Meadows

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> Iconic Developer of Balance Lifestyle Township: Siddharth Group

> Excellence in Customer-Centric Developer – Central Suburbs: Rajshree Builders

> Iconic Real Estate Consultant: Jignesh Hirani

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DISCLAIMER: Times Real Estate Conclave and Award 2021

Research Methodology

The objective of this research was to arrive at Times real estate conclave and Award 2021in their respective categories. The survey had these modules i.e. Desk Secondary Research, Approach for sharing fact file, Factual survey (Participatory Survey) to arrive at the analysis & identify final results of top performers in different categories.

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A secondary/ desk research was conducted to make an exhaustive list of real estate players in Mumbai. The various sources used for the generation of real estate entities list included: Directories of Credai Mumbai, BAI, REDAI, NAR, etc.

More than 400 real estate players were sent the factual data questionnaire and then rigorously followed up through telephone, email and personal visits.

The study was conducted in Mumbai for 4 weeks, starting from the 2nd week of November 2021. The final score for each entity was weighted to an average of Factual Score. Based on the final score, results were drawn in respective categories.

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Some caveats/assumptions:

Best efforts were made to reach maximum every real estate player in the respective categories. Any entity which expressly stated that it did not wish to participate in the survey was excluded from the survey.

* If the nomination for any specific category was not received, those categories were dropped and categories with single nominations were given unanimously.

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* Only those business entities were considered who have submitted their participatory factual sheet

Note: Present survey has been conducted by an independent Research Agency named Avance Insights Pvt. Ltd using a stated methodology for arriving at given results This story is provided by Mediawire. ANI will not be responsible in any way for the content of this article.

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Passionate news enthusiast with a flair for words. Our Editorial Team author brings you the latest updates, in-depth analysis, and engaging stories. Stay informed with their well-researched articles.

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More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

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More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

Trouble for Microsoft and OpenAI over copyright infringement is not coming to an end, as they face several lawsuits for violating copyrights.

On Tuesday, eight US newspaper publishers sued Microsoft for illegally reusing articles in AI products.

The 98-page long lawsuit further accused the tech companies of attributing erroneous information to the publishers.

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The eight newspapers that have filed the lawsuits include the New York Daily News and the Chicago Tribune.

They allege that OpenAI’s ChatGPT used their copyrighted articles to perfect its language models without permission.

The lawsuit was filed in a New York federal court on Tuesday. The publishers claim that OpenAI’s large language models, GPT-2 and GPT-3, were perfected using datasets containing text from their newspapers.

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The language models are designed to produce text based on human inputs and reproduce copies of the publishers’ works. Microsoft has been indicted for using newspapers for its Bing search index but seldom provided links to the original articles. Four months ago, The New York Times also filed a lawsuit against OpenAI, accusing the tech giant of using data from its past content. It also asked for consent for usage, criticizing the use of full article excerpts in chatbot responses.

The latest lawsuit filed by the eight news outlets also demanded consent and fair value for using their content to perfect the AI language models. The lawsuit alleged that the AI tools literally regurgitate their content without directing users to the content source.

The lawsuit filings stated, “This lawsuit arises from defendants purloining millions of the publishers’ copyrighted articles without permission and without payment to fuel the commercialization of their generative artificial intelligence products, including ChatGPT and (Microsoft’s) Copilot.”

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The eight newspapers that instituted the lawsuits are as follows:

  • The New York Daily News and The Chicago Tribune, both owned by Alden Global Capital
  • The Orlando Sentinel
  • The Sun Sentinel
  • The San Jose Mercury News
  • The Denver Post
  • The Orange County Register
  • The St. Paul Pioneer Press

OpenAI’s Response

OpenAI did not directly respond to the accusations but stated that it takes great care to support the news and media outlets. It also stated it is in continuous partnerships and conversations with various news outlets around the world to explore new opportunities, discuss problems, and seek out solutions.

Microsoft also stated that OpenAI has entered into fruitful partnerships with a number of publishers, which includes The Financial Times, The Associated Press, Spanish conglomerate Prisa Media, and Germany’s Axel Springer.

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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