Mahindra Lifespaces: Carbon Calculator to drive awareness about CO2 footprint

01 Mar 2024 Long Read

Mahindra Lifespaces announced an initiative to raise awareness about factors contributing to climate change. By highlighting the impact of individual carbon footprints it aims to inspire collective action. For instance, one hour of scrolling on social media adds 70 g of carbon to one’s footprint while a 10-minute longer hot shower contributes about 2 kg. In this light, Mahindra Lifespace introduced a Carbon Calculator. Designed for user-friendly interaction, it allows individuals to assess their carbon footprint based on factors like food, transport and power consumption. With a process taking less than five minutes, users receive a clear and accessible graph illustrating their carbon impact.
Contact: Mahindra Lifespaces

Lux housing sees 75 per cent Y-o-Y growth across cities
As per the CBRE South Asia report, ‘India Market Monitor Q4 2023’ the luxury segment housing (units priced `40 million and above) recorded a 75 per cent Y-o-Y growth in sales in 2023. Around 45 per cent Y-o-Y increase in unit launches was recorded in 2023. The percentage share of the segment in residential sales stood at 4 per cent in 2023. Delhi-NCR recorded the highest surge registering a 197 per cent Y-o-Y increase followed by Pune, Hyderabad and Mumbai, registering an annual growth of about 144 per cent, 64 per cent, 24 per cent and 4 per cent respectively.
Contact: CBRE South Asia

Colliers to construct artificial intelligence extension hub in Ahmedabad
Colliers has won a significant assignment to construct the artificial intelligence and technology extension Hub in Ahmedabad for Infibeam Avenues. The Indian-based multinational fintech company plans to have an AI hub in GIFT City, Gujarat and the Ahmedabad campus will be an extension of that, set to be up and running in 18 months.
Spread across 400,000 sq ft, Colliers has won a cost-plus contract to complete the ambitious project. The AI and technology hub will have a framework that will facilitate higher synergy within the ecosystem. Tech firms can access a comprehensive system that enables collaboration and innovation.
Contact: Colliers

IIT Bombay, Mindspace REIT collaborate for weather stations in Airoli West
Mindspace REIT, developer of quality Grade A office portfolio, collaborated with IIT Bombay for a project centred on climate risk assessment. As a pilot project, it involves setting up on-site weather stations at Mindspace Airoli West in the MMR. These weather stations are IoT-enabled and allow monitoring and analysing of relevant climate variables, providing data that will be instrumental in forecasting
physical risks associated with extreme weather events like rising sea levels, changing humidity levels, wind speed and temperature fluctuations.
Contact: Mindspace REIT

Over 100 flat owners accept Godrej buyback offer in Gurugram
Over 100 homebuyers of a residential project of Godrej Properties (GPL) in Gurugram have chosen a buyback offer from the company after certain flaws were detected in construction quality of the project named Godrej Summit. Godrej Properties anticipates that it will spend Rs.1 to Rs.2 billion for the buyback. The project has 1,100 residential units housed in 11 towers.
The company in 2023 said it had announced a buyback for those wanting to exit the project. Repair work is expected to be done by the end of this year.
Contact: Godrej Properties

Shapoorji Pallonji unveils uber-luxury project, The Odyssey 
Shapoorji Pallonji Real Estate (SPRE) unveils its prestigious uber-luxury project, The Odyssey, off Marine Drive. This iconic venture marks the company’s historic return to South Mumbai, reaffirming its commitment to crafting extraordinary living spaces.
Designed by renowned Architect Hafeez Contractor, it aims to redefine opulent living in South Mumbai. The uber-luxury project offers breathtaking views of Marine Drive and the Arabian Sea.
Contact: Shapoorji Pallonji
Tel: 022-67490000

Meraqi landowner's guide for insights into transactions in Garden City
Meraqi, a leading real estate research, advisory and transaction firm, has launched its comprehensive and up-to-date Landowner’s Guide for a Joint Development Agreement (JDA) for residential and commercial projects in Bengaluru. The guide is aimed to provide solutions to real estate players operating in the city to tap growth amid soaring land prices. Land prices in Bengaluru along with Mumbai, NCR, Pune, Chennai, Ahmedabad, Kolkata and Hyderabad have skyrocketed
in three years. In Bengaluru, land prices have increased
20 to 30 per cent in the past three years.
Contact: Meraqi

Pushpam Group announces launch of their luxury Bali themed studio suites in Alibaug
Pushpam Group has announced the launch of its luxury Bali themed studio suites at its resort home Balibaug in Alibaug. A total of 14 spacious luxury studio suites will be developed, reflecting a Balinese interior. These suites will be fully furnished leading to a veranda offering residents a tropical view. These studio suites around 488 sq ft are priced at Rs.5.9 million and above. This project will consist of a large clubhouse, outdoor and terrace restaurant, party lawn, swimming pool, streetscapes, etc. Balibaug is being developed as a luxury boutique resort home spread across 2.2 acres of scenic surroundings, inspired by Bali’s temples and Palace architecture.
Contact: Pushpam Group
Tel: 020 6731 1900

BHIVE’s first-ever sale of hard commercial Grade A real estate in Bengaluru
BHIVE Properties which also runs the largest co-working brand of Bengaluru, BHIVE Workspace, announced its first-ever sale of hard commercial real estate of a Grade A commercial property in Bengaluru, allowing retail investors to earn attractive annual rentals of up to 10.6 per cent on their investment. The Grade A commercial property at Brigade Metropolis, a marquee property, spanning 22,940 sq ft amounts to a property value of about Rs.8,936 per square ft and has been pre-leased for 15 years, which will provide stable monthly returns. According to CBRE, the new office space supply across top 7 cities is expected to exceed 165 million sq ft between 2023-25 with Bengaluru accounting for 29 per cent of supply in India.
Contact: BHIVE Properties

Casagrand Laurels, India’s first-ever floor villa with exclusive plunge pool 
Casagrand announced the launch of India’s first exclusive floor villa community - Casagrand Laurels. Located in Thalambur, Chennai, this visionary project presents a groundbreaking concept of premium apartment towers coexisting with 126 exclusive 5 BHK floor villas with exclusive plunge pools. With prices starting from just `17.5 million, this innovative addition sets a new standard for luxury in real estate, transforming the way residents experience their living spaces. Nearly 60 per cent of home buyers prefer homes with more internal space and other high-end living experiences like an exclusive plunge pool,ultra-luxurious specifications, etc.  
Contact: Casagrand

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