Assetz Property Group, one of Bengaluru’s leading real estate developers, in collaboration with Inspira Builders, announced the launch of its premium plotted development named ‘Melodies of Life’. Amongst the numerous magnificent launches that Assetz has planned for the future, the grand arrival of Melodies of Life further strengthens its presence in the illustrious region of South-East Bangalore. Situated in the bustling hub, off Hosa Road, the project is spread across 39 acres.
Contact: Assetz Property Group
Website: www.assetzproperty.com
India housing up to 17 percent of the world’s elderly population by 2050
CBRE South Asia in its report, ‘Golden opportunities from the silver economy – analysing the future of senior care in India’, highlights that the world’s elderly population is surging, with India expected to be the fastest-growing, housing up
to 17 percent of the world’s elderly population by 2050. The total estimated target for senior living facilities in 2024 is around 1 million, projected to increase to 2.5 million in the next 10 years. Currently, there are approximately 150 million elderly individuals in India, a number that is expected to rise to 230 million over the next 10-12 years.
Contact: CBRE South Asia
Website: www.cbre.co.in
Indian real estate to be worth $1.5 trillion by 2034 as demand soars: Report
India's real estate sector will be worth $1.5 trillion by 2034 as it grows three-fold from $482 billion now as residential and commercial demand grows. The sector’s share in the country’s economic output may rise to
10.5 per cent in next 10 years from 7.3 per cent, according to the ‘India Real Estate: A Decade From Now’ report by Confederation of Indian Industry (CII) and real estate consultancy Knight Frank. The residential market is expected to be worth $906 billion by 2034 and the office sector $125 billion. The report estimated that in 10 years 42.5 per cent of Indians will be living in urban centres. To meet the requirements of this population, India will need 78 million more housing units in the next 10 years.
A large number of the population will be in the lower middle and upper middle-income bracket that would need affordable housing as it transitions towards the
mid segment.
Construction management software market size worth USD3.9 billion in 2030
The worldwide construction management software sector is experiencing notable expansion as a result of the rising need for more efficient construction procedures and enhanced project supervision. The construction management software industry is expected to increase at a compound annual growth rate (CAGR) of over 9.43 percent between 2021 and 2030, from an estimated USD 1.8 billion in 2021 to USD 3.9 billion by 2030. It is forecast that Asia Pacific will exert considerable influence over the worldwide construction management software sector, which can be ascribed to swift urban expansion and infrastructure enhancement witnessed in China, India and Japan. A key driver behind this trend is the growing preference for cloud-based solutions within construction firms.
Prescon and House of Hiranandani unveils a new project ‘Belicia’ in Thane
Prescon Group in collaboration with the esteemed House of Hiranandani, has unveiled ‘Belicia’, a new luxury residential project in Thane. This grand 48-storey tower spans 1.5 acres. With a RERA possession date slated for June 2028, ‘Belicia’ promises to be Thane’s new beacon of luxury. ‘Belicia’ offers luxurious apartments in 2, 3 and 4 BHK configurations, featuring carpet areas ranging from
779 sq ft to 1546 sq ft, starting at `18.5 million onwards. Each apartment with marble flooring in the living, dining and bedroom areas is complemented with select residences featuring foyer areas for enhanced privacy.
Contact: Prescon Group
Website: www.prescon.in
Prestige group raises Rs.20.01 bn to build housing projects in 4 cities
Bengaluru-based Prestige Group has raised `20.01 billion from the Abu Dhabi Investment Authority (ADIA) and Kotak AIF to develop greenfield residential projects across four cities - Bengaluru, Mumbai, Goa, and NCR - with a combined Gross Development Value (GDV) of over Rs180 billion. The collaboration with ADIA and Kotak AIF represents a considered move towards adopting strong and organic growth for Prestige Group.
The group has so far completed 300 projects.
Contact: Prestige Group
Website:www.prestigeconstructions.com
Experion Developers foray into Noida realty market
Experion Developers, a fully FDI-funded premium real estate developer and a wholly-owned subsidiary of Experion Holdings, Singapore, has announced its latest venture in Noida, Uttar Pradesh. The company has acquired prime land parcels in Noida’s Sector 45. Offering a signal-free commute from Delhi, the project’s location ensures unparalleled connectivity and convenience for residents. At the heart of this project lie twin towers. Spanning across 4.7 acre with dual frontage, the project will include GRIHA-rated green buildings designed to minimise environmental impact. It will include 3 BHK++ and 4 BHK++ units. Experion Developers’ foray into Noida underscores its dedication to catering to the evolving needs of homebuyers in the Delhi-NCR region.
Contact: Experion Developers
Website: www.experion.co
BCD JV with Maiwir Engineering to accelerate construction speed
BCD Group, established in 1952, announced a joint venture with Maiwir India to offer an accelerated construction speed to its clients through a unique blend of use of futuristic technologies and building infrastructure modelling for real estate projects in Bengaluru. Through this partnership, BCD aims to develop over 100 million square feet of real estate over the next 5 years as it looks to strengthen its order book. According to the report ‘India Real Estate: Vision 2047’, developed by Knight Frank India in association with NAREDCO, India’s real estate sector is expected to expand to $5.8 trillion by 2047.
Contact: BCD Group
Website: www.bcdindia.com
Tata Realty secures first-ever Platinum level WELL core certification in India
Tata Realty & Infrastructure (TRIL) Intellion offices said its two major buildings have achieved the prestigious WELL Core certifications by the International WELL Building Institute (IWBI). TRIL has achieved WELL Pre-certification for seven buildings and WELL Health-Safety Rating for three buildings. Ramanujan Intellion Park, Chennai campus has been awarded the Platinum level WELL Core Certification. Notably, they stand as the first buildings in the country to attain this highest level of WELL Certification, among the top 100 projects globally with this distinction. WELL is the premier building standard to focus on enhancing people’s health and well-being through the buildings where we live, work, learn and play.
Contact: Tata Realty & Infrastructure
Tel: 22 6661 4444
Website: www.tatarealty.in
Construction sites in Delhi to get pollution colour codes to tackle air pollution
Delhi’s environment department has prepared a colour-coded [Yellow, orange, red and purple]four-stage warning system for all construction and demolition (C&D) sites in the Capital. In the first or yellow stage, if PM 10 levels are higher than the threshold an auto-generated SMS will be sent to the builder, which will escalate to the second or orange stage if four yellow alerts are issued within one week. Then if four orange alerts are issued in 30 days the C&D site will be placed under the third or red stage and if an action report is not submitted within three days, the site will be placed in the fourth or purple stage. Sites may be shut down in this purple stage.
