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AT A GLANCE
Real Estate

AT A GLANCE

LED Expo is set to enter its 21st edition, scheduled to be held from November 14-16, 2019, in Greater Noida; the record-breaking edition will feature 350 exhibitors with eight international contingents. Prama Hikvision has inaugurated among India鈥檚 first and largest integrated world-...

LED Expo is set to enter its 21st edition, scheduled to be held from November 14-16, 2019, in Greater Noida; the record-breaking edition will feature 350 exhibitors with eight international contingents. Prama Hikvision has inaugurated among India鈥檚 first and largest integrated world-class security and surveillance facility, in Mumbai; with a total investment commitment of Rs 5 billion, the plant will fulfill over 35 per cent of the domestic market demand on a monthly basis. CERA has opened its expanded company display centres, CERA Style Studio, in Thiruvananthapuram and Bengaluru; the studio at Thiruvananthapuram is spread over 8,000 sq ft while the one at Bengaluru, spread over two floors, admeasures over 8,000 sq ft. The studios display the company鈥檚 full range 鈥� sanitaryware, tiles, faucets, wellness, mirrors, sinks and water heaters, along with its premium offering SENATOR sanitaryware, faucets, mirrors and wellness, in addition to its luxury Italian range of ISVEA sanitaryware and cabinets. The Smart Asia 鈥� Expo & Summit 2019, organized by The Taiwan External Trade Development Council (TAITRA), in association with FICCI, recently concluded in Mumbai, with focus on smart city solutions, smart technology applications, and city development products and services. Co-working space player Awfis has launched a new centre in the Pune market; spread across 33,000 sq ft, it is the 10th centre in the city. Leading industrial and automotive supplier Schaeffler India, with its focus on supporting railway modernisation, showcased a range of products for the changing needs and high capacity demands of the country鈥檚 railway industry at International Railway Equipment Exhibition 2019. CREDAI recently organised Warangal鈥檚 first-ever Property Show 2019. The 26th edition of the Indian Plumbing Conference, inaugurated by Deputy Chief Minister of Karnataka CN Ashwath Narayan, was attended by 700 delegates; it had an exhibition arena with 45 exhibitors. Indian Plumbing Association (IPA) is exploring collaborations with the Government of Singapore to work with it on water conservation initiatives. CREDAI-MCHI, along with CREDAI MCHI-Thane, KDU, Raigad and Navi Mumbai units, hosted BIZNET 鈥� the business and networking event in Mumbai, with its objective of creating a highly interactive interface between Mumbai鈥檚 well-known developers, procurement heads and top allied industry players; the event witnessed over 170 well-known owners with their teams and procurement directors and 25 allied industry players offering innovation, technology, affordable green products, etc.

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Real Estate

Kolkata鈥檚 luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

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Infrastructure Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

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Infrastructure Transport

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

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