Bajaj Auto unveils the all-new 2018 Avengers

  • India’s No. 1 cruiser brand, unveils its leading models Cruise 220 and Street 220 in an all-new 2018 look
  • Both models get new all new LED DRL headlamps, visors, digital consoles and graphics.

Bengaluru, 16th Jan’18:   Bajaj Auto has launched the all-new 2018 Avenger range in Cruise 220 and Street 220 variants. The all-new 2018 Avenger series re-defines the cruiser bike segment to offer contemporary styling whist retaining the Avengers classical silhouette.

Photo

The Avenger 220 Cruise comes with a new classic design headlamp with integrated LED DRL’s flanking the sides. The windshield also gets new contemporary styling. The new console incorporates a blue coloured backlit full function digital display.

The sporty and youthful Avenger Street 220 boasts of an all new roadster design headlamp with LED DRLs incorporated in the bottom section, a bikini fairing and roadster style rear grab. Matching the vibrant look of this bike is an amber coloured backlit full function digital display.

Both the 220 cc bikes come with a completely revised tail fender and an all new halo-effect tail lamp. The rear suspension has been significantly improved with 12 % additional travel whilst retaining the tight wheel and fender packaging of the cruiser style.  The styling and feature changes coupled with new body colours, graphics and a larger Avenger badge come together to impart the new 2018 Avenger 220’s a distinctive premium international look.

Moon White

Avenger Cruise 220 will be available 2 classic colors, Auburn Black and Moon White. Avenger Street 220, on the other hand, will come in contemporary and stylish Matte Black and Matte White colors.

Avenger 220 has been known for its outstanding performance and comfort. These winning technical specifications have been retained. The Avengers come with Bajaj’s trusted 220 cc DTS-i engine to deliver great performance statistics – 19 PS power and excellent low to mid-range grunt with torque of 17.5 Nm.  Both bikes come with an oil cooler to ensure un-interrupted all day riding irrespective of external conditions.

Commenting on the launch Mr. Eric Vas, President – Motorcycles Business, Bajaj Auto Ltd, said “Avenger created and leads the Cruiser bike segment in India. The 2018 Avengers break new ground in the evolution of this style. With its distinctive appearance and rich ride performance, the Avenger 220 shall continue to be the gold standard for Cruiser bikes in its class well into the future.”

Avenger has become a lifestyle statement and choice of the discerning rider, whether for his daily commute or the weekend sojourn. The brand connects deeply with its riders through its ‘Feel Like God’ promise. Bajaj Auto recognises the passion customers have for their Avengers and has encouraged it by organising over 500 breakfast rides and 30 marque FLG tours which has engaged more than 6000 Avenger riders in the last two years.

 

 

 

 

LAHARI.K.B.

Realty Round up for the year 2017 and Outlook 2018

Mr. Adarsh Narahari, Secretary CREDAI Bengaluru

The real estate industry over the year 2017 has seen several ups and downs. Some of the positive highlights of the year are:

RERA, which is a landmark act making the industry more transparent and consumer, focused which will improve the standards of the industry. The act aims to make the industry a more organized sector from a relatively unorganized sector.

GST as a uniform tax code across the country helps in sourcing more organized vendors and suppliers who can ensure better product delivery and higher level of compliance

Additionally, there have been huge office space absorptions of about 30 mn sq ft across the country over the year which leads to more employment creation along with their various benefits

Large investments made in real estate with a long term view by large foreign equity funds such as CPPIB ,GIC ,Black Stone etc which is an assurance of the india growth story

The downs for the industry were:

Demonetization – The demonetization of old currency had a perceived notion of real estate prices dropping due to which most customers held back on purchases.

Policy paralysis – Certain states had several changes in policies relating to the process of plan sanction and the timelines associated therein, which made it difficult to get approvals for launching new projects

For 2018 we are expecting recovery for the industry with all the pent up demand coming into play. We are expecting the prices to go up as there have been very few launches in the previous year and a fair amount of ready to move projects

Personally, I expect more corporate players to enter the real estate industry and expect the fly by night players to leave the industry. I also expect more equity investments to enter various real estate verticals such as residential, commercial, retail etc.

Furthermore, I expect the new verticals in the industry such as senior living, student housing and co living spaces to become more mainstream.

Mr. Viswa Prathap Desu, Sr Vice President Sales & Marketing 2017

The year 2017 has been an eventful year for the real estate industry. It saw the advent of GST in lieu of VAT and ST thus creating a temporary ruffle in the business but promising to result in a lower cost for the consumer. We then had the RERA Act being implemented across most of the states. The RERA has been brought in to ensure greater transparency for the end consumer. RERA also created a temporary respite in sales as developers were recouping and customers were waiting for things to settle down. So, as the “dust settles down”, We see the customers coming back in droves.

Brigade Group, as always, took up the leadership position by extending special prices to new customers coming on board post GST and running a special campaign to provide the confidence to customers who were hesitant in investing into a new home. The trust of a big brand like Brigade which stands for “Building Positive Experiences” definitely gives the customer the much needed comfort.

The Year 2018 will be a year with a positive outlook. We expect the real estate prices to start showing a slow but steady increase in the rates. Prices in 2017 have been stable, but now with increased costs(due to implications of RERA etc) and in general increase in the offtake would reflect in prices going up. Quite a few developers including Brigade Group are planning to launch new projects. The current trend of customers to invest in ready to move in or nearing ready possession apartments is ensuring the inventory coming down. This will ensure we get new inventory in the market which will be regulated by the RERA and hence instill confidence in the customer.

In 2018, we also expect the Pradhan Mantri Avas Yojna Credit subsidy scheme to get publicised more by the Financial Institutions and developers. This will help the first time buyer to aspire for a bigger home and with a lesser burden.

To sum up, we hope to have a much brighter 2018 with lot of action and revival of the real estate industry.

Mr. C N Govindaraju, Chairman & Managing Director, Vaishnavi Group

The Real Estate industry witnessed substantial turmoil in 2017. Multiple factors such as demonetization and implementation of RERA & GST impacted the sales of residential real estate. This in turn resulted in an overall increase in the quantum of unsold inventory. 2017 also saw fewer launches and a slew of offers from developers to incentivize prospective homebuyers and thus clear available inventory. There was also a marginal fall in prices in some micro markets.

The positives that clearly emerge from 2017 are:

RERA, being a very customer centric Act protects the interest of the customer while also ensuring developer accountability

The Act ensures that only the credible, committed and long-term players are here to stay. This again works favorably for the customers.

New launches have recommenced from the last quarter of 2017 (calendar year)

In terms of trends and milestones for Vaishnavi Group, there is a renewed focus on strategically located land parcels. Most of the buyers are first-time home buyers and the volume of second-time buyers and investors have come down drastically.

We are intensely focused on developing residential projects that are strategically located and well connected. We are emphasizing on offering the customer right-sized and optimally designed homes with better efficiencies. We will be substantially adopting the latest precast technology which will ensure faster delivery and better quality. Our residential projects will offer thoughtful amenities and superior specifications while being right-priced and therefore offering an irresistible value proposition to our customers.

The following area has been sold and developed by us:

Residential: 600 apartments

Commercial: Approx. 0.4 million sq.ft

The Bangalore real estate market has demonstrated very good resilience. The absorption of commercial real estate continues to be encouraging. The steady demand for commercial real estate will in turn act as a feeder for residential real estate.

Residential project launches will pick up, albeit at a slow pace. There will be more focus on the sales of available inventory. A clearer understanding of RERA and GST by the customer will give them the added comfort level and help in quicker decision making which in turn will augur well for the residential real estate sector in 2018.

 

 

 

 

 

LAHARI.K.B