German sports footwear and apparel company Adidas has signed a lease deal for its first Global Capability Centre (GCC) in India, taking up around 45,000 sq ft of space in Chennai. This is also the first centre by the company in Asia outside China. The company has taken up 700-seater space at flex operator Smartworks’ facility in Olympia Pinnacle. The office is located on the Old Mamallapuram Road, which is the largest IT corridor in the northern suburbs of the city. Earlier this year, there were reports of the company’s intent to establish its first GCC in India. Smartworks itself leased 0.2 MSF of space in Olympia Pinnacle last year.

Mumbai boasts 12 percent of over 2,000 LEED-certified Green buildings in country
Out of India’s 2,291 LEED-certified green structures, 276 are in Mumbai, making it the second city after Bengaluru which tops the list with 460. Leadership in Energy and Environmental Design (LEED) is the world’s most widely used green building rating system.

India is currently the fourth-largest market in the world for LEED and every day over 2.6 million square feet of space is certified using LEED. Building owners can improve their LEED rating through energy efficiency upgrades, water conservation measures and innovative design elements, supported by building analytics tools that provide real-time data on performance and opportunities for improvement. Besides 237 offices across over 60 MSF of the city, the gamut of green structures in Mumbai range from multiplexes such as Inox at Nariman Point to coffee shops such as Starbucks in Fort. Green-certified buildings promise a premium of 10 to 15 percent over regular housing.

Rustomjee launches premium residential project with anticipated GDV of Rs.13 billion
Rustomjee Group announced the launch of ‘Rustomjee 180 Bayview’, at Matunga West.
With this launch the real estate player is anticipating Gross Development Value (GDV) of approximate Rs.13 billion, with a target of achieving `4 billion of business within the first year of its launch. The project marks the entry of Rustomjee Group in Matunga West, the heart of Mumbai with a closed residential development aimed at nurturing community living. The property promises a stunning panoramic view of the majestic Arabian Sea from almost all the apartments along with providing all amenities necessary for an upgrade to an uber luxury lifestyle.
Contact: Rustomjee
Website: www.rustomjee.com

Sobha Realty elevates consumer experiences with first-of-its-kind holographic display
Sobha Realty, in a revolutionary move, unveiled an industry-first holographic display to enrich the consumer experience. This display uses mixed reality to provide customers with an immersive experience to envisage how life at Sobha developments would be, thus empowering them to make a more informed decision. This allows visitors to explore the nuances of the company’s developments while presenting the company’s projects in breath-taking detail. By leveraging mixed reality, the company now sets a new benchmark for the real estate sector, offering potential buyers a distinctive experience.
Contact: Sobha Realty
Website: www.sobharealty.com

Sumadhura Group embraces the ‘Foundation of Happiness’
Sumadhura Group announced a new logo and tagline ‘Foundation of Happiness’, reflecting the contemporary image that aligns with the company’s current growth, resonates with the target markets and strengthens the group’s position in the competitive landscape.
‘Foundation of Happiness’ is practically the personification of collective confidence that the company has earned through decades of experience and points to a deepened commitment not only to its customers but also to its employees and stakeholders.
Contact: Sumadhura
Website: www.sumadhuragroup.com

Tridhaatu Realty unveils its Green initiatives
Tridhaatu Realty unveiled their project Tridhaatu Morya at Chembur, which is designed with a robust commitment to environmental sustainability and energy efficiency. Understanding the importance of water conservation, it is equipped with water-saving fixtures such as low-flow toilets, faucets and showerheads. Additionally, implementation of rainwater harvesting systems and grey water recycling further minimises water usage, making it a model for sustainable water management.
Contact: Tridhaatu Realty
Tel: 022 67083000
Email: sales@tridhaatu.com
Website: www.tridhaatu.com

25ft E-waste mural at Orion Mall Brigade Gateway
The Orion Mall at Brigade Gateway in its continued effort to create awareness around e-waste, unveiled a 25-foot e-waste mural crafted by renowned artist and designer, Vishwanath Mallabadi Davangere, who specialises in art forms through e-waste. The installation built from e-waste such as keyboards, remote controls, ethernet cables, exhaust fans, video conference instruments, analogue audio cassette, cordless phones, CD’s, DVD, etc. will be a permanent feature of the mall for the next one year or so. To further its commitment of tackling the issue of e waste in the city, the group has tied up with Zolopik, a government authorised e-waste recycler to place recycle bins across all Orion malls in the city, to effectively collect e-waste.

MMR: High-rises over 40 floors to increase 34 per cent by 2030
Land-scarce MMR has few ways to go but up and unsurprisingly has the country’s maximum skyscrapers. The region that pioneered steep vertical growth in India keeps reaching for the skies - the latest ANAROCK data indicates that MMR will see 34 percent growth in skyscrapers with over 40 floors from 2024 to 2030. While other cities have lately shown a trend reversal, especially post-COVID-19, MMR’s affinity for skyscrapers shows no signs of slowing down. The region has 361 high-rise towers of over 40 floors each. Of these, 154 have already been completed and over 207 are scheduled to be completed between 2024 and 2030. Currently, there are around 61 high-rises in MMR that have more than 60 floors each.

JP Infra delivers homes before deadline at North Garden City in Mira Road
JP Infra, in an increasing trend of achievement in Mumbai’s real estate sector, has set a new benchmark by delivering over 2,000 fully completed units, well before the deadline in their prestigious gated community North Garden City at Mira Road. The project has received an occupation certificate (OC) for two of its prominent projects, Alexa, and Aviva, much before RERA timelines. Originally scheduled for completion in December 2025 for ‘Alexa’ and December 2026 for ‘Aviva’, the accelerated completion of these projects demonstrates the group’s focused dedication to delivery, efficiency and customer happiness. For those who invest hard-earned money in under-construction projects, there can’t be more delight than to see that dream come true much before the promised date.
Contact: JP Infra
Website: www.jpinfra.com

Assetz property group unveils ‘Promise of Spring’, a luxurious plotted development
Bengaluru’s renowned property developer, Assetz Property group, has unveiled their latest luxury residential plotted development ‘Promise of Spring’, in Devanahalli. This 23-acre project in the sought-after North Bengaluru location offers 320 plots ranging from 1,500 to 3,000 sq ft. Situated close to the serene landscape of Nandi Hills, residents can enjoy the tranquil beauty of lush natural surroundings. Developed in collaboration with Sambhav Ventures Realty LLP, it benefits from the expertise and shared vision of both companies, ensuring a high-quality living experience.
Contact: Assetz property group
Website: www.assetzproperty.com