Growth Of Smart Home Products Slow In The Indian Market

May 30, 2017

High costs of smart home products are deterring it from picking up the pace in the Indian interiors solutions market. This introduction was made around the same time during the financial crisis, and it never picked up pace. Since then, the interiors furnishings segment has also seen a slump in sales. Although the products were introduced with much vigour, people aren’t actively implementing these new technologies in their homes. Security and data privacy is another concern of the buyers. 

Sternhagen Opens Its Second Store In India

May 30, 2017

Sternhagen, sanitaryware and bathroom fittings brand opens a store At Atria Mall in Mumbai. Through its showrooms, it offers bathroom suite designs to customers making the technique unique. Their award-winning suites are inspired by elements of nature, reinvented through technology and engineering. It launched 3D facets coupled with matching faucets and other bathroom accessories. 

4g Lte Smarthub by Verizon Connects To Smart Home Products

May 29, 2017


Verizon recently took another step ahead in providing a cutting edge solution for its range of products by introducing the 4G LTE SmartHub, This product can be connected to a 4G LTE Wi-Fi hotspot that connects to home controllers to run smart home devices. The SmartHub will have a backup battery and a touchscreen display. Beside fortifying Verizon 4G LTE web speed it will also show the Wi-Fi password and data stats. Verizon is a multinational telecommunication organisation that provides remote correspondence items and services.

Kaer Pte Ltd Opens An Office In India

May 29, 2017

Singapore-based Air Conditioning as a Service supplier, Kaer Pte Ltd, opened its regional office in Mumbai, India. In partnership with Nexstep Discovery Pte Limited, Kaer will be entering the air conditioning segment in India. India poses to be one of Asia’s largest market for the segment at an estimated Rupees 2 billion. The company is present in Singapore, Malaysia and Indonesia.

Slow Growth For The Online Furniture Market In India

May 29, 2017

The slow growth of the online furniture business has made retailers rethink their growth strategies. Urban Ladder Home Décor Solutions Pvt. Ltd and Pepperfry, the segment’s premier retailers are introducing low priced products and investing in offline stores in an attempt to increase sales. While gross monthly sales at Urban Ladder is Rs 20-25 crore, Pepperfry is at  Rs 40-45 crore. Due to the high margins, the segment is still popular among e-tailers however, the marginal growth has been 1% to 1.5% in the past year. 

The Royal Architectural Institute Of canada announces Short List For 2017 Prize.

May 27, 2017

The Royal Architectural Institute of Canada (RAIC) announced its 2017 Moriyama RAIC International Prize shortlist of 8 House, Copenhagen, Denmark by Bjarke Ingels Group; Fuji Kindergarten, Tokyo, Japan by Tezuka Architects; Melbourne School of Design, Melbourne, Australia by John Wardle Architects and NADAAA; “The Village Architect”, Nova Scotia, Canada by MacKay-Lyons Sweetapple Architects. The prize, introduced in 2014 is awarded every two years. The prize recognises architectural structures that are ‘transformative within its societal context’. It also recognises designs that promote human values like inclusiveness and social justice. This prize is open to all globally with no restrictions on nationality. The winning project will be granted CAD $100,000 prize.

Like That Décor And Furniture App Launched By Olivetheory.com

May 27, 2017


OliveTheory.com, a platform for home decor launches Like That Decor and Furniture, an Android application. The app is simple to use: all one has to do is click a picture of the desired object and the results are displayed. The app promises to complete the experience of buying furniture by providing thousands of similar products from over 10 lakh partner retailers. Like That Décor and Furniture is the Shazam for home decor solutions. It already has over 20,000 downloads and is increasingly becoming popular as it redirects the user directly to the seller’s website.

Italian Furniture Brand Cierre, Now In India

May 27, 2017

In collaboration with Stanley Furniture, Italian Furniture brand Cierre entered the Indian market. The furniture mall, Global Living Emporio recently launched in Banglore promoted by Stanley Furniture, hosts Cierre among 60 other international and national brands. Unlike the western market, the Indian luxury furniture market is still growing. There has been a rise in demand for the luxury furniture segment, promising high returns to the international débutantes in India.

Indiabulls Group Enters The Led Lighting Market

May 26, 2017

Indiabulls group entered the LED Lighting market with its listed entity SORIL Infra Resources. This is its first move into the product business that will target the B2B segment. With its main interests in the commercial and infrastructure segment, it is moving fast to enter the Rs 6,500 crore market. The low gestation period and investments for this segment make it more viable as opposed to the infrastructure business that the group already has. It will source LED lighting items from third parties and offer them under the brand name 'IB LED'.   

Private Equity Investment In Land Fell 4.6 Per Cent In The First Quarter Of 2017

May 26, 2017

Even as the office segment saw the most elevated inflow since 2009, private equity investment in land fell by 4.6 per cent to about Rs 9,600 crore amid the January-March time of this year. Office section saw private value ventures worth Rs 5,600 crore in the primary quarter of 2017 as against Rs 2,900 crore in the past year. The most extreme decrease was found in the retail segment as financial specialists are exceptionally careful about putting in cash here. Most engineers are extremely cautious about making retail spaces because of the changing flow of the market.