Merlin Group enters into Pune realty market
PUNE: Merlin Group, One of the nation’s leading real estate conglomerates focused on highly sustainable projects with a strong presence in eastern India and across some major states, has announced formally the entry of the group in the burgeoning Pune realty market on Thursday.
The group is all set to change the skyline of the city with an array of ambitious projects across the length and breadth of the vibrant city. Merlin group is one of the most trusted brands for nearly four decades and developers of over 20 million sq. ft. of projects in Kolkata alone with presence in Chennai, Raipur, Ahmedabad, Bhubaneswar and Colombo, Sri
Lanka. The group has established its trust and credibility across the country and beyond.
It has gone beyond buildings to win hearts and change lives through superior technology and quality craftsmanship.
The group is planning to set its footprint in the real estate landscape of Pune with over 30 lac sq. ft. of proposed inventory. The group is coming up with a host of premium residential and commercial projects in Koregaon Park Annexe., Wakad, Baner and Jambhulwadi.
To mark the entry, Merlin Group has announced the launch of 18 East, a plush commercial game changing project in office and Showrooms spaces at Koregaon Park Annexe. Strategically located on Pune’s highly premium location of Koregaon Park Annexe, the project is a commercial development which will host many corporate houses.
MUMBAI: Life Insurance Corporation of India on Thursday said its embedded value stood at Rs 5,41,492 crore at the end of March this year compared to Rs 95,605 crore in the yearago period.
At the end of September 2021, the Indian Embedded Value (IEV) stood at Rs 5,39,686 crore at the end of September 2021.
The embedded value is a measure of the consolidated value of shareholders’ interest in the life insurance business.
The IEV as of September 30, 2021 was significantly higher than the IEV of March 2021 due to the bifurcation of funds that was carried out by LIC following changes in the LIC Act during the FY 2021-22, the insurer said in a release.
The Value of New Business (VNB) for the year ended March 2022 has been determined at Rs 7,619 crore as compared to Rs 4,167 crore for the year ended March 2021.
For the year ended March 2022, the VNB margin was 15.1 per cent as compared to 9.9 per cent in the same period a year ago.