BCD Group’s interior designing arm
01 Jun 2024
Long Read
Casadilusso to strengthen its offerings BCD Group launched its interior design arm, Casadilusso, to strengthen its forward integration and offer an end-to-end service for real estate developers and home buyers. This assumes significance as developers are increasingly looking at vertically integrated contractors who can offer design, engineering, construction, and more, all under the domain of a single entity to enhance productivity and efficiency. With the launch and integration of Casadilusso, the group aims to become a preferred contractor for all developers with its integrated capabilities of ‘concept to delivery’ and a technology-first outlook. 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 $5.8 trillion by 2047.
Contact: BCD Group
Tel: 6366302587
Website: www.bcdindia.com
India’s data centre capacity is set to cross 1800 MW by 2026
India tops major APAC countries with the highest data centre capacity of ~950 MW in the Asia-Pacific region (excluding China), overtaking major countries like Australia, Hong Kong SAR, Japan, Singapore and Korea, as per CBRE’s South Asia report ‘Asia Pacific Data Centre Trends Q1 2024’. Moreover, India is likely to record the highest capacity addition of ~850 MW during the 2024-2026 period, higher than major APAC countries. After India, Japan recorded the second-highest data centres (DC) capacity with 892 MW followed by Australia at 773 MW, Singapore at 718 MW, Hong Kong at 613 MW and Korea at 531 MW.
Construction estimating software market is poised for robust growth by 2032
The construction estimating software market is poised for significant growth, with projections indicating a robust trajectory from 2022 to 2032. Valued at US$ 340.0 million in 2021, it is estimated to experience a year-on-year increase of 5.1 percent, reaching US$ 357.4 million in 2022. Over the forecast period, the market is expected to garner a substantial sum, hitting US$ 556.0 million, with a compound annual growth rate (CAGR) of 4.5 percent. Key drivers fuelling this expansion include the rapid digitalisation sweeping through the construction sector. With the advent of technologies like cloud computing, there’s been a notable surge in demand for construction estimating software market.
Aerocity near Delhi's Indira Gandhi Airport to get India’s biggest mall by 2027
Plans are underway for unveiling of India’s largest mall, spanning over 2.8 million square foot (MSF), within the premises of Indira Gandhi International Airport‘s Aerocity by 2027. This project, known as Worldmark Aerocity, is part of a $2.5 billion expansion aimed at establishing India’s first aerotropolis—a dynamic urban area centred around an airport. Forecasts suggest that it will experience an eightfold growth in the next five years. It offers 1.5 MSF of leasable space with intentions to expand to over 10 MSF by 2029. The successful implementation of Phase 1 has attracted prominent corporate entities such as Airbus, EY, IMF, KPMG, Emirates and Pernod Ricard.
Assetz Property Group’s Sora & Saki with Large Living Balconies
Assetz Property Group, one of Bengaluru’s leading real estate developers, has launched an uber-luxury residential project Sora & Saki with the concept of large living balconies. The highlight of these homes is the large living balconies that measure up to 160 sq ft. These expansive homes come with wooden finish UPVC windows, marble finish flooring, and top-of-the-line fixtures and fittings in the bathrooms to elevate one’s living experience. The project is expected to be completed by September 2028.
Contact: Assetz Property Group
Email: enquiries@assetzproperty.com
Website: www.assetzproperty.com
Sumadhura Group strengthens its residential portfolio
Sumadhura Group announced a strategic land acquisition of 40 acres in the city, setting the stage for a revenue potential of up to `60 billion residential project pipeline to cater to the burgeoning demand for housing units in Bengaluru. This assumes significance as housing prices in Bengaluru rose by 18 percent year-on-year. Built on the philosophy ‘everyone deserves a better life’, the group has delivered over 50 projects in the last 30 years.
Contact: Sumadhura Group
Email:enquiries@sumadhuragroup.com
Website: www.sumadhuragroup.com
Dextrus co-working spaces builds third facility in Bandra Kurla Complex
A premium name in the co-working space market, Dextrus announced its third facility at One BKC in Bandra Kurla Complex. The launch marks the third centre of Dextrus in the city and the second centre in BKC. With the new launch, the company further strengthens its commitment towards offering high quality workspace solutions in the city. Dextrus, One BKC will help create an ambiance where individuals and teams can totally focus on work and productivity. Currently, Dextrus offers over 1000 seats in Mumbai across BKC and Lower Parel.
Contact: Dextrus
Email: info@dextrus.in
Website: www.dextrus.in
Settl expands its co-living footprint to 4,000 beds in FY 2023-24
Co-living operator Settl reported strong growth in the financial year 2023-24, expanding its operational bed capacity by a significant 100 per cent to reach 4,000 beds across Bengaluru, Hyderabad, Chennai and Gurugram. This marks a jump from the 2,000 beds the Bengaluru-headquartered company operated in the previous year. The company offers beds for rent ranging from `11,000 to `24,000 per month, depending on the location, city and available amenities and about 80-90 percent of its occupants are working professionals between 25 to 35 years of age.
Contact: Settl
Tel: 080458 83450
Email: hello@thesettl.com
Website: www.thesettl.com
Prestige Group sells Rs.13 billion worth uber luxury residences in South Mumbai
Prestige Group has made a strong entry into South Mumbai’s uber luxury segment with the extremely successful pre-launch of their iconic development, Prestige Ocean Towers. Located at Marine Lines with spectacular uninterrupted views of the Queen’s necklace and the Arabian Sea, it stands as an epitome of luxury living with just 169 canvas residences across two towers nestled in a two-acre plot. Prestige Ocean Towers has a developable potential of 0.462 million sq ft carpet area with an estimated revenue potential of approximately `410 million. Every detail has been curated to cater to the discerning tastes of those who seek the finest in life. The group has completed 300 projects.
Contact: Prestige Estates Projects
Email:properties@prestigeconstructions.com
Website: www.prestigeconstructions.com
Casagrand HolaChennai, an expansive 30-acre township community
Offering the zenith of luxury, Casagrand launched Casagrand HolaChennai, a 30-acre township community in Sholinganallur. Located in the heart of OMR, the township community houses 1,818 premium residences including 2, 3 and 4 BHK apartments, 5 BHK floor villas and 4 BHK signature villas with 160+ world class amenities. Moreover, the Tropical and Miyawaki forest within the community contributes to environmental sustainability by absorbing 165 tonnes of carbon dioxide and releasing 600 tonnes of oxygen annually.
Contact: Casagrand HolaChennai
Website:www.casagrandholachennai.com
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