Godrej Properties Ltd. (GPL), today announced the addition of a new group housing project in Gurgaon. This project will offer approximately 1.05 million sq ft of saleable area and will be developed as a modern group housing development. The project is located just 5 km from NH 8 and is easily accessible via a network of main sector roads. This is GPL’s eleventh project within the National Capital Region (NCR). Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.32 million square meters (136.34 million square feet) in 12 cities. The group has also signed a development management agreement to develop a premium group housing project on Magadi Road in West Bangalore. This project will offer approximately 600,000 sq ft of saleable area and is located in close proximity to the Central Business District, Race Course, Majestic and Rajarajeshwari Nagar. This is GPL’s first project in the micro market of West Bangalore and its eleventh project in Bangalore.
China Nantong Sanjian Construction Group Co. Ltd(CNTC) a Beijing-headquartered Construction giant has entered into the Indian real estate space. Today it has inked a partnership with Golden Gate Properties, amongst Bangalore’s leading Real Estate Developers and announced its strategic Joint Venture. The newly formed entity will be called Golden Gate|CNTC. Golden Gate|CNTC will initially embark on two residential projects namely ‘The Presidential Tower’ with an investment outlay of Rs.1500+ Crore and ‘The Grand Tower’ with an investment outlay of Rs.1000Crore. A 1 Billion USD investment plan for India over the next two years, Presidential Tower, envisions to develop more projects in India that will comprise of commercial, residential and mixed-use projects.
Havwoods International opened a 5000 sq ft showroom located in the Interior Design district of South Mumbai. Havwoods International has a global presence with a network of showrooms across four continents. Over 300 shades in real wood flooring are displayed in the showroom The store promises premium quality products available for every design and budget parameter. Havwoods International has been in the global market with four decades of expertise in hardwood. It boasts of clientele like Harrods, Breitling, Harley Davidson, Paul Smith, Jamie Oliver, Marks & Spencer, Nando’s etc.
Aerin Lauder, the granddaughter of the owner of Estée Lauder Companies enters the interior design segment. After two decades of a cosmetic company, Aerin explores new frontiers for the company which stems from her own hobbies. In her new collaboration with Willams-Sonoma inspired by the effortless, beachside aesthetic of Lauder’s Palm Beach pad, the collection features a variety of fresh prints and patterns to beautify spaces. The tabletop items clad in breezy blues and white designs to florals on linens, lighting, and china, each piece delivers a sophisticated feel reflective of the beach house.
Bradley Corp developed an all in one washing system that offers a touchless solution. The products have been introduced to the commercial washroom industry. The product called Verge has a wash bar with intuitive handwashing space. The products have so far won the platinumAward for Design Excellence ), a gold award for Best of NeoCon, a Gold Excellence in Design award, a silver Product Innovation Award, and a finalist Product Award/Bath Category. The rinse, clean and dry technology provides an innovatively luxurious experience. The WashBar also features a one-gallon soap container that requires fewer refills. When the low level LED indicator illuminates, the soap container is replaced with a new full container. The dryer is engineered to balance airflow and noise and works in tandem with the bowl to minimise water splashes on the user and floor, maximising user safety.
Livspace, a home interior design and execution platform has opened four flagship Design Centres. By integrating thousands of online Livspace looks, visualisation through virtual reality and an offline, tactile experience, the company expects the Design Centers to solidify its leadership position in the home design space in India. A sum of Rupees 25 crore has been set aside for this expansion through 2018 which will expand the brand's reach to around 25 centres in the next 18 months. These flagships serve as an addition to the existing network of a total of 11 Design Center and Experience Apartments, spread across Delhi-NCR, Bengaluru, and Mumbai.
Eaton has unveiled the All-Pro MS180BT sensor, a Bluetooth-enabled motion sensor for controlling outdoor security lighting from an iOS or Android smart device mobile app. The Bluetooth-enabled sensor allows users to conveniently adjust motion and photocell sensitivity; duration settings; and to control a fixture wirelessly, including bypassing the motion function to temporarily put the fixture in flood mode, without touching the light fixture or a switch. The sensor offers an 180-degree detection area and is compatible with most Eaton outdoor LED security lights, as well as other compatible security floodlight fixtures. The product comes in white or bronze.
Indiabulls Real Estate on Tuesday declared that it has obtained the whole minority stake of 10.08% in Indiabulls Infraestate Ltd. (IIL), a majority share possessed auxiliary of the organisation. The organisation has procured IIL from IL&FS Fund substances specifically IIRF India Realty XXI Limited, Little Fairy Limited and Vistra ITCL (India) Limited, its minority investors. The total money paid for the procurement was Rs 358.44 crore, which incorporated interests of Rs 94.85 crore as against their total aggregate venture of Rs 250 crore.
Knock on Wood won the prestigious Best Stall Design Award for RR Decor, one of India's leading textile designers and exporters at the renowned Heimtextil 2017. The expo was held in Delhi from June 20-22, 2017 at Pragati Maidan. The Expo saw over 180 companies participate from all around the world. The stall presented an industrial look with a nine-feet-long shuttle at the entrance. The steel along with raw burnt wood was a perfect foil against the velvets used in the stall. The raw look was accompanied with a tall ceiling and dim lighting.
India's software and services hubs are expected to witness a 10-20 percent reduction in housing rents over the next three-quarters beginning July, as the IT sector experiences a slump. Tenants are seeking better options and no hike in the monthly outgo, quoting the adverse industry state. With better options, the market is tilting in favour of the tenants, especially those paying rent above Rs 50,000 per month. Going forward, the rentals may ease at least by 10-15 percent in Bengaluru, Chennai and Hyderabad, while the decline may be steeper, up to 20 per cent in Pune, in the next three-quarters.