MAM
NeoNiche’s vision for 2020 to become the best in People Practices, Customer Excellence and Revenues in India
MUMBAI: NeoNiche Integrated Solutions Pvt. Ltd. (NeoNiche) is an experiential marketing company in Mumbai. Starting off as an event management company in 2011, the company quickly started focusing on developing event planning and experiential marketing solutions for clients and today is one of the fastest-growing experiential marketing companies.
A young and a highly innovative team of experts that help brands create a seamless end-to-end experience for their audience and deliver immersive experiences that lead to unforgettable memories. NeoNiche has branches in Mumbai, Delhi, Chennai and Bangalore. The company’s growth has been above the industry standards since their inception in 2011 with a 100% year on year growth in their initial 3 years and since then they are consistently achieving 45% growth on a yearly basis.
Apart from Mr. Prateek N Kumar being the Founder and CEO of NeoNiche, there are other industry stalwarts at NeoNiche, like Mr. Ashish Sedani, Co-founder and Director –Experiential Deliveries; Mr. Valay Lakdavala, Co-founder and Director –Client Relations and Mr. Fayzad Wadia, Director – Business Acquisitions.
NeoNiche has encompassed the entire integrated solutions spectrum, from working on experiential marketing campaigns to events. They have created several memorable experiences for clients by implementing global best business and design practices with cutting edge technology like Augmented Reality, Virtual Reality and Artificial Intelligence to drive engagement and create content for their events. They use their own proprietary tool to bring in data intelligence for competitor analysis and also integrate machine learning for better planning and decision-making.
Speaking about the company’s rapid growth, Mr. Prateek N Kumar, Founder and CEO, NeoNiche said, “Business is an amalgamation of art and science and requires one to have the fundamentals in place. Our journey from being an event management agency to becoming an experiential marketing company today has undergone constant adaptability and understanding of how to become better than the others in the market. Having the right industry experts at various levels helped us achieve all our targets. At NeoNiche, we have continuously worked towards mastering the fundamentals of business by being customer centric and providing value to all our stakeholders through everlasting experiences.”
NeoNiche has 100+ professionals with diverse expertise and caters to over 40 plus esteemed clients and has activated over 1,00,000 plus audiences. NeoNiche believes in the core value of H.E.A.R.T (Honesty, Excellence, Accountability, Respect and Trust) and replicates the same amongst all its employees through several benefits and policies. Neovitalise is one such initiative practised at NeoNiche for the benefit of the employees and their families – wherein employees are given mandatory leaves twice a year to go for a holiday with their family and loved ones, additionally there are various other initiatives undertaken for employees to have a work life balance and efficiency at work– like flexible working hours, all paid medical check-ups, and having enjoyable days like bringing kids and pets to work, etc.
NeoNiche offers a range of products and services like Integrated Marketing, Digital Marketing and Experiential Marketing as their core offerings. NeoNiche is constantly looking for ways to innovate and provide seamless end-to-end experiences through their activities like – Event Planning, Event Operations, Creative Services, Brand Marketing, Digital Marketing, Audience Acquisition, Database Management, Product Launches, Corporate Seminars, Conferences and more.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
