Bentley Systems Partners with Google to Bring Powerful Geospatial Context and Capabilities to Infrastructure
October 16th, 2024: Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced a strategic partnership with Google to integrate Google’s high-quality geospatial content with Bentley’s infrastructure engineering software and digital twin platform to improve the way infrastructure is designed, built, and operated.
As a digital representation of the physical world, digital twins unlock meaningful value and insights throughout the infrastructure lifecycle, from project planning and design through construction and asset operation. By leveraging the engineering data created and managed in Bentley software alongside Google’s geospatial data, AI and analytics, and cloud technologies, engineers can design and manage infrastructure in context and at scale to address today’s most urgent challenges, from mitigating climate risk to maintaining aging infrastructure.
Through the partnership, Bentley software users and developers can use Google Maps Platform’s geospatial content, including Google’s stunning Photorealistic 3D Tiles, for real-world geospatial context and immersive 3D experiences in their digital workflows. The partnership complements Bentley’s recent acquisition of Cesium, the foundational open platform for creating powerful 3D geospatial applications. Cesium is the creator of the 3D Tiles open standard used by Google. Bentley is also collaborating with Google Cloud to deliver AI-driven insights for asset analytics.
Bentley CEO Nicholas Cumins said, “By combining Google’s extensive geospatial content and cloud capabilities with Bentley’s infrastructure engineering software and digital twin platform, infrastructure professionals can improve their work and ensure projects and assets are created and operated with greater resilience and sustainability. This partnership demonstrates how open standards, such as 3D Tiles, can help infrastructure professionals evolve their practices by leveraging the power of geospatial context.”
Chris Phillips, vice president and general manager of Geo at Google, commented, “Photorealistic 3D Tiles in Google Maps Platform power breathtaking immersive experiences and can transform workflows for architects, engineers, and urban planners. We’re excited to partner with Bentley to bring powerful geospatial context and capabilities that can dramatically improve how infrastructure is designed, built, and operated with data.”
Magicbricks: Capital Appreciation and Rising Rental Yields Boost Investor Confidence in Indian Real Estate
New Delhi, October 16, 2024: With expectations of capital appreciation and rising rental yields, the homebuyer sentiment continues to grow strong, revealed Magicbricks’ latest Housing Sentiment Index (HSI). Based on a survey of over 2100 customers, the report indicates that the customer housing sentiment has increased from 149 to 155 in just 6 months (April vs September 2024).
Investor sentiment was also notably robust in Noida and Greater Noida, both recording a high HSI score of 163, while cities such as Gurugram, Ahmedabad, and Hyderabad followed closely with scores of 160 each. Conversely, markets like Delhi (HSI score 151), Bengaluru, and Mumbai (HSI score 148) exhibited relatively lower sentiment, likely attributable to rising property prices.
Abhishek Bhadra, Head of Research at Magicbricks, offered a comprehensive analysis of the report’s findings: “Strong Housing Sentiment Index reflects growing confidence in the real estate sector, driven by factors such as increasing incomes and financial stability. The luxury segment, in particular, is gaining traction, and investors are prioritizing returns on investment, rental yields, and the long-term security of property ownership. Looking ahead, we expect this momentum to persist, fueled by ongoing urbanization, rising incomes, and favorable government policies designed to boost residential demand.”
The survey also underscored growing confidence among homebuyers and investors within the luxury segment, where properties priced between INR 3.5-5 crore showed an HSI score of 162.
The report further highlights that the HSI score for under-construction properties continued to improve from 157 in April 2024 to 161 in September 2024, indicating customer confidence towards upcoming developments and projects.