In a spectacular awards ceremony hosted by Confederation of Indian Industry, the apex industry body, recognized Umber Ghar, RERA Compliance Management platform, among the top 25 companies in Service segments for their innovation excellence. While presenting the awards, Mr. Ratan P Watal, Member Secretary, Economic Advisory Council to the Prime Minister, Government of India said that Innovation awards is a noteworthy initiative and shall help facilitate in encouraging industry to develop world class innovations.
About Umber IT Solutions LLP:
Umber Ghar is a 100% women led Start-up from Pune and in its 2nd year of operation. The web application is a Cloud based SaaS Platform for RERA Compliance Management. The company has applied for Patent for its innovation. The whole platform is visualized, built and deployed with the Indian ecosystem in mind with a vision of “Seeing is Believing”. The software aims to bring in Social Innovation in the field of Real Estate and improve the counties ‘Transparency Index’. Umber Ghar is a user centered design solution for home buyers, builders and regulatory authorities and can be used by any states, and any scale of Project.
About the Innovation:
RERA compliance management offers ease in preparation of quarterly returns and auto generates forms as well as files data on government websites by RPA technology. Formation of data is done by ground-up method, in line with RERA requirement. In unorganised segment of builders, where technology is not accessible this web solution allows them to manage their business. Features like lead generation, post sales customer relation management, auto demand notes, payment follow-ups, and project tracking via CCTV, photo and videos enhances the transparency quotient of the housing project.
Home-buyer is the most important beneficiary of the system. He sees the project tracking and building progress, flat’s detailed progress, payments details etc.
Umber Ghar platform is a right tool for projects of PMAY and all Govt. undertaking housing projects. It improves faith and confidence in the sector and thus improves the country’s Transparency Index. Further with the help of the software, as it promotes visibility, funding and investors will be attracted towards the project and benefitted mutually.
Conclave Highlights: Prof. K Vijay Raghavan, Principal Scientific Adviser to the Government of India highlighted that for true world class innovation, industry, academia and society must come together and the trio can be facilitated by the government. To provide impetus to industrial innovations, Mr. Kris Gopalakrishnan, Past President, CII, Chairman, CII National Start-up Council and CII AI forum mentioned that innovation should be a movement because there is a need for existing businesses to become world class. He further elaborated that the rigorous process of CII Industrial innovation awards allows the external evaluation of the organization’s innovation capabilities.
About the award:
CII Innovation Award 2019 is held annually. The much-coveted industrial innovation awards instituted by CII celebrates innovation excellence in India. The top 25 award winners are selected after a rigorous assessment based on the innovation framework for firms developed by CII. A jury comprising of eminent experts in the country selected the category award winners. In this 6th edition of awards, the quality of applications has been an indicator of India’s rising performance with enhanced industrial innovation capacity and outputs.
Grand Jury for CII Industrial Innovation Awards 2019 was comprised of Mr. S Gopalakrishnan, Chairman – CII Start Up Council 2019 -20: & Co-founder Infosys, Chairman Axilor Ventures; Prof. Himanshu Rai, Director, Indian Institute of Management, Indore; Prof. Manoj Panda, RBI Chair Professor, Institute of Economic Growth; Mr Rajan Navani, Chairman, CII Council on Future Businesses 2019-20; Prof. Soumitra Dutta, Former Founding Dean, SC Johnson College of Business at Cornell University Prof. Tarun Khanna, Jorge Paulo Lemann Professor, Harvard Business School, Director, Lakshmi Mittal and Family South Asia Institute, Harvard University; Dr. V. Ramgopal Rao, Director, Indian Institute of Technology Delhi; and Prof. Y S Rajan, Board of Governing Council, National Institute of Technology, Manipur.