Third Mumbai to get a residential and lifestyle uplift with the upcoming Navi Mumbai Airport
By Mr. Bhavesh Shah, Joint Managing Director, Today Global Developers
As Navi Mumbai’s airport gathers pace for the completion of its first phase, its transformative impact on the region’s real estate and the rise of Third Mumbai is set to be unmatched. It will redefine urban life in the MMR, elevating the residential and commercial landscapes of Third Mumbai to new heights. Third Mumbai planned as a new city project promises to be the cusp of a renewed transformation of MMR. Anchored around the Navi Mumbai International Airport (NMIA), this ambitious project envisioned by the government proposes to deliver modern infrastructure, better connectivity, and unparalleled real estate opportunities. Covering an expanse of 323 square kilometres, Third Mumbai is set to become a vibrant urban hub, significantly contributing to the nation’s economy and its overall GDP.
• NMIA: A Catalyst for Growth
The Navi Mumbai airport will be more than a transportation hub for flyers—it is planned to symbolize MMR’s rapid advancement. Its impact on the real estate in the areas surrounding it like Kharghar, Upper Kharghar, Ulwe, Kamothe, and Panvel will be profound, with sweeping improvements in infrastructure, social amenities, and real estate. One of the key benefits that Third Mumbai and its surroundings will benefit from is the development of new roads, enhanced public transportation systems, and improved utilities, all aimed at bettering the quality of life for current and future residents.
The airport’s presence and easy connectivity are expected to spur the construction of new residential, commercial, and recreational facilities, transforming the area into a home for people seeking a modern living environment. Notably, property values are expected to improve due to the convenience of air travel and enhanced connectivity, making the region a lucrative prospect for real estate investors. This influx of demand will be matched by a rise in commercial development, with multinational corporations and startups likely to set up shop in the vicinity, thus creating a fertile ground for job creation.
• Aero City and Housing Boom
The strategic location of Third Mumbai, with excellent connectivity to key areas such as Mumbai, Thane, KDMC, and Navi Mumbai, significantly enhances its appeal. In line with global trends, the plan for an “aero city” around the Navi Mumbai Airport is also taking shape. This development has plans for hotels, retail outlets, entertainment complexes, and other amenities that cater to both travellers and residents. Beyond luxury living, the area is set to see a housing boom with options ranging from affordable homes to high-end apartments, catering to a wide spectrum of income groups.
As the population continues to grow, so will the need for a balanced mix of housing, which Third Mumbai is gearing up to deliver. It also provides well on the experience of best of urban living while enjoying tranquillity, with lush green surroundings, including forests and the nearby rivers, offering a rare connection to nature. This unique blend of the upcoming airport, developing infrastructure and natural serenity makes Third Mumbai a highly desirable choice for families and investors seeking a balanced, future-ready lifestyle.
• Connectivity as a Game Changer
One of the most significant infrastructure projects to complement the Navi Mumbai International Airport is the Mumbai Trans Harbour Link (MTHL), a 22-kilometer bridge that connects Navi Mumbai to South Mumbai. This new linkage is nothing short of a game changer. What was once a two-hour commute can now be completed in just 20 minutes, drastically improving the everyday travel experience for residents. Enhanced connectivity through metro lines and improved road networks will seamlessly integrate Third Mumbai with the existing MMR. This, in turn, will create a more cohesive urban landscape, allowing residents to enjoy the benefits of both modern and traditional Mumbai.
• A Vision of a Thriving New City
With careful urban planning and sustainable growth strategies, this new city has the potential to attract a diverse range of residents—from working professionals to young families—seeking a better lifestyle and proximity to a robust job market. As residential projects surge in areas like Navi Mumbai and Panvel, real estate developers are catering to the varied demands, offering everything from budget-friendly apartments to luxury homes.
With the Navi Mumbai airport as its nucleus, Third Mumbai is set to become a city unlike any other in India. This project marks the beginning of a new chapter in urban development, showcasing how visionary planning and strategic infrastructure investments can create a city designed for the future. Looking at the future, Third Mumbai is only poised to become a bustling metropolis, where modern conveniences and smart city planning converge to create a liveable, vibrant community. It promises to be more than just an extension of Mumbai; it represents the future of urban development, one that is groundbreaking, sustainable, and future-ready.
Bhumika On Expansion Spree – Checks into Gurgaon MG Road
Bhumika Group, a leading real estate developer in northern India and the largest mall developer from Rajasthan, has signed a new commercial project on MG Road, Gurgaon, securing an approximately 1-acre land parcel. This strategic acquisition marks the Group’s official entry into the Gurgaon market, further strengthening its footprint in the NCR region. The overall topline expected from this project is approximately Rs 300 crore.
This comes after Bhumika Group’s previously announced plans to add 8.5 lakh sq. ft. of retail space in Delhi NCR in 2024, which includes a retail focused mixed land use project and Metro malls in Faridabad. The new Gurgaon project further underscores the Group’s commitment to developing premium commercial and retail spaces that cater to evolving consumer needs.
Uddhav Poddar, Managing Director, Bhumika Group stated, “We are excited to establish our presence in the Gurgaon market with our new commercial project at MG Road. This is our third major project acquisition in NCR in the past 6-12 months, following the mixed-use development in Faridabad, which integrates retail, hospitality, and residential spaces, and our transit infrastructure project with DMRC. Each of these ventures is a testament to our commitment to delivering dynamic commercial spaces that not only enhance the urban landscape but also contribute meaningfully to the region’s economic growth.”
Siddharth Katyal, CEO, Bhumika Group added, “As we continue to shape the retail landscape, our new MG Road, Gurgaon, project represents a significant milestone in our journey. Following our successful ventures such as Urban Square Mall in Udaipur and our collaboration with DMRC on the transit infrastructure project, we remain committed to innovation and quality. Each development is designed to stand out, creating exceptional experiences for our stakeholders and further cementing our position as a leader in the industry.”
Bhumika Group has already set a high benchmark with its Urban Square Mall in Udaipur, the largest shopping and entertainment destination in the region. The new project on MG Road is set to replicate this success, offering a blend of retail, dining, and entertainment options, making it a premier commercial destination in Gurgaon.
Enhanced Connectivity & Redevelopment fuels South Central Mumbai’s Real Estate Boom
South Central Mumbai; the heartthrob of the city of Mumbai as a residential micro-market is undergoing a remarkable transformation, with old buildings making way for luxurious high-rise structures. This rejuvenation is attracting home buyers due to its historic significance and strategic location, making it a prime real estate market. With a unique blend of rich local culture, exceptional connectivity, and promising infrastructure projects, this area is not just a place to live; it’s becoming a lifestyle choice for many.
According to Cushman & Wakefield’s Mumbai Residential Q2 2024 report, in the second quarter of 2024, Mumbai city’s residential sector saw launches of 17,514 units. South Central Mumbai submarkets witnessed a notable increase in launches, predominantly from high-end segment projects in areas like Mahim and Dadar. The newly operational coastal road (Marine Drive-Worli) and the upcoming Metro Line 3 (Andheri-Cuffe Parade) are enhancing the prospects for redevelopment projects in the South Central and Western Prime submarkets. Capital values have seen a rise of about 3-6% across all submarkets compared to the previous quarters, driven by significant progress in infrastructure projects. Enhanced connectivity from the newly operational coastal roads and advanced stages of the Metro Line 3 project is expected to further boost capital values in South, South Central, and parts of the Western Suburbs.
Highlighting the growing demand for housing, Mr. Anil Mutha, Chief Visionary & Co-Founder, Nandivardhan Group remarked, “We are seeing a definite trend of people opting to live in the heart of the city. They are looking at living in projects that provide them with luxurious amenities and the convenience of reduced travel time. Thus, areas like Dadar in South Central Mumbai are finding favor among home buyers due to improved connectivity and more realistic property prices.
“The Sewri Worli Elevated Corridor’s strategic alignment establishes a crucial link between Mumbai Trans Harbour Link and Bandra Worli Sea Link along with the partially operational Coastal Road, ensuring direct and signal-free connectivity between the two sea links. This has enhanced access to northern suburbs and will provide direct access to Navi Mumbai and the upcoming Navi Mumbai International Airport,” added Mr. Mutha.
As per Knight Frank India, there’s a noteworthy rise in property registrations in August 2024 in areas such as Central and South Mumbai. This indicates a potential diversification within the city’s property market.
Discussing the transformative impact of connectivity and redevelopment, Mr. Vedanshu Kedia, Director of Prescon Group, stated, “The Mahim-Matunga-Dadar Belt in Central–South Mumbai is experiencing a remarkable transformation as a micro-market. Strategically located equidistant from prime CBD’s of BKC and Lower Parel and bounded by two high priced residential markets of Bandra to the North and Worli to the South – showcases the tremendous opportunity for redevelopment in this micro market. Furthermore, the large stock of ageing infrastructure, provides an opportune time for residents to opt for redevelopment. The current redevelopment wave is revitalizing the housing landscape, offering long-time residents the chance to enjoy an enhanced lifestyle, while attracting Mumbaikars in search for a well-priced, yet strategic location. The South Central Mumbai market is our focal area for redevelopment projects due to its existing social infrastructure, upcoming infrastructure connectivity and a large stock of ageing infrastructure.”
“Moreover, this region boasts excellent connectivity to the rest of the city via the Western Express Highway, the Bandra-Worli Sea Link, the Coastal Road, and the upcoming Metro Line 3, which will significantly improve access. The location embodies the vibrant culture of South Mumbai, paired with unparalleled connectivity to the rest of the city,” Mr. Kedia added.
South Central Mumbai retains the timeless charm of the old city while exuding a youthful vibrancy. This region offers a harmonious blend of recreational options and social amenities, showcasing a lively social infrastructure that includes inviting diners, trendy cafes, and an array of shopping malls.
In conclusion, South Central Mumbai emerges as a dynamic real estate market that offers far more than just residences; it provides a lifestyle enriched with opportunities, culture, and convenience. With ongoing improvements in connectivity, the area is set for even greater growth. For homebuyers and investors alike, South Central Mumbai represents not only a place to live but also a gateway to a vibrant urban experience. Its unique combination of modern living, rich heritage, and excellent educational opportunities makes this region a prime destination in the ever-evolving real estate landscape.
HomeLane to Acquire DesignCafe, Creating Combined Entity Worth USD INR 3,000 Crore
Bengaluru, 26th September 2024
Homevista Decor & Furnishings Private Limited, the parent company of interior brands HomeLane, Doowup, Cubico and Wrapzap, today announced its offer to acquire DesignCafe, a prominent player in the home interiors market. This acquisition, subject to regulatory approvals, will result in the creation of the largest entity in the interiors category in India, in terms of projects delivered.
Post-acquisition, the combined entity is expected to achieve a revenue of ₹1,000 crore in FY25, up 33% from Rs. 761 crore in FY24, and be EBITDA profitable. HomeLane, Doowup and DesignCafe will continue to operate as distinct end-to-end interiors brands, each catering to different segments of the market.
Strategic Synergies to Drive Growth and Profitability
The acquisition is poised to unlock significant synergies across areas such as manufacturing, design, procurement, and technology. These synergies will not only enhance operational efficiency but will also drive innovation and customer satisfaction across the combined entity’s offerings.
“We are incredibly excited and see immense potential in combining our tech-driven approach with DesignCafe’s design expertise, to create a true powerhouse in the home interiors industry,” said Srikanth Iyer and Tanuj Choudhry, Co-Founders of HomeLane. “The combined entity is already at a Revenue ARR of ₹900Cr, is cash profitable and at -2% EBITDA.”
Gita Ramanan and Shezaan Bhojani, Co-Founders of DesignCafe, added, “Joining forces with HomeLane propels our vision of democratising design for Indian homeowners even further. We are thrilled to continue our journey together with HomeLane, and look forward to jointly building India’s most-loved house of interior brands.
“I believe that this transaction marks the start of an exciting chapter, as it brings together two strong teams that are now the clear leaders in the Home Interior space,” said Sandeep Singhal, managing partner of Westbridge Capital and investor in DesignCafe. “Both teams have shown strong execution in the past, and together, we believe that they will deliver industry-leading performance for all stakeholders. We are excited to invest in & continue to be a part of this journey.”
INR 225 Crore Fundraising Round
In conjunction with this acquisition, HomeLane also announced a ₹225 crore funding round. This round features contributions from both existing investors of HomeLane and DesignCafe, as well as external investment from Hero Enterprise.
The participation of Hero Enterprise highlights their strong confidence in the strategic vision and growth potential of the combined entity. Commenting on the investment, Mr. Sunil Kant Munjal, Chairman of Hero Enterprise, said, “We are delighted to support HomeLane in this ambitious expansion. Our investment reflects confidence in their business model and it also presents meaningful synergies with Hero Realty. We look forward to seeing the innovation and growth that this partnership will bring.”
How Technology is Revolutionizing Festive Season Home Buying
by Yogesh Awasthi, President, Strategic Initiatives, Jenika Ventures
Today, technology impacts every aspect of an individual’s life, and one industry that has drastically transformed due to technology is the Indian real estate market. From ‘Smart Cities’ to smart homes, technology is making lives easier and more convenient, especially during this festive season. The festive season, in particular, is a time when the real estate market sees a significant uptick in activity. Buyers are eager to make purchases, incentivized by special offers, discounts, and the cultural significance of buying homes during this auspicious period.
Virtual Tours to Properties
Gone are the days when potential homebuyers had to visit multiple properties physically before making a decision. Now, with the help of virtual reality (VR) and 360-degree video technology, buyers can take a virtual tour of homes from the comfort of their living rooms. Virtual tours not only provide the convenience of narrowing down choices before scheduling in-person visits but also save a lot of time and effort for both buyers and sellers. Moreover, it opens up possibilities for buyers living abroad or in distant cities to participate in the festive season’s home-buying rush without traveling.
Use of AI in Property Search
AI (Artificial Intelligence) has become one of the major key players in revolutionizing the overall home-buying experience. AI-driven algorithms now can help potential buyers find homes that match their specific preferences, budget, and location in a more targeted and efficient way than ever before. AI-powered chatbots are also widely used to assist homebuyers 24/7, answering queries, setting up appointments, or even guiding them through the buying process. During the festive season, when the influx of interested buyers increases, these AI tools become invaluable in handling high volumes of inquiries and ensuring seamless communication between buyers and sellers.
Blockchain and Secure Transactions
One of the most critical aspects of home buying is the legal and financial transactions involved. Traditionally, this has been a time-consuming and sometimes insecure process. However, blockchain technology is now providing a secure and transparent way to handle property transactions. Blockchain ensures that all transactions, from property titles to financial agreements, are recorded on a tamper-proof ledger. This reduces the risk of fraud and speeds up the closing process. During the festive season, when many transactions are happening simultaneously, blockchain’s ability to provide quick and secure transactions is invaluable, helping to ensure that deals are completed smoothly.
Automated Valuation Models (AVMs)
Another significant technological advancement in real estate is the use of Automated Valuation Models (AVMs), which employ statistical algorithms to estimate a property’s value. AVMs draw on data from previous property transactions, factoring in variables such as location, property type, age, and more to provide an accurate estimate of a property’s market worth. AVMs are not only fast and cost-effective, but they also help buyers and sellers avoid potential pitfalls. For instance, AVMs can identify discrepancies in property tax assessments or flag possible zoning violations, making them a valuable tool during the festive season rush. With AVMs, buyers can quickly assess whether a property is fairly priced, while sellers can use these models to set competitive prices, ensuring a smoother transaction process.
In short, technology’s impact on the home-buying experience during the festive seasons is highly profound. From virtual tours to secure transactions, these technological advancements are making the process more efficient, secure, and buyer-friendly. In a market where timing is crucial, especially during the festive season, technology is proving to be a game-changer, empowering buyers to make smarter, faster, and more informed decisions.
Residential Demand Surges 12.3% QoQ Amidst 8.3% Capital Appreciation, Reveals Magicbricks’ PropIndex Report
New Delhi, September 25, 2024: Between July and September 2024, residential demand (searches), increased 12.3% quarter-on-quarter (QoQ), amidst an 8.3% increase in residential prices, according to the recently released PropIndex Report (Jul-Sep 2024) by Magicbricks, India’s leading real estate platform.
Drawing on preferences from over 20 million customers on the Magicbricks platform, the report further detailed that cities such as Noida (16.9% QoQ), Gurugram (15.5% QoQ), and Greater Noida (15.1% QoQ) saw the highest increases in residential prices during this period.
According to the report, the average rate in Noida reached INR 11,625 psf as compared to INR 9,945 psf in the previous quarter. Average property rates in Gurugram reached INR 14,650 psf, and in Greater Noida, it increased to INR 7,752 psf between July and September 2024.
Commenting on the trends, Abhishek Bhadra, Head of Research at Magicbricks, shared, “The residential real estate market is witnessing strong interest for both primary homeownership and investment. Demand is increasing at its highest pace in the past two years, with satellite cities around major urban centers such as Delhi and Mumbai attracting significant attention. Possibly there is also a fear of missing out (FOMO) among investors, which continues to drive market activity. However, as more supply enters the market, residential prices are expected to continue rising in the short term, though at a more moderate pace.”
The report further observed that growing interest in under-construction (UC) properties has resulted in a capital appreciation of 11% QoQ across the tracked cities, with significant growth seen in Thane (19.5% QoQ), Gurugram (17.3% QoQ) and Noida (14.5% QoQ). Additionally, the report indicated that demand for 3BHK units continues to dominate, accounting for 50% or more of total demand in most cities, except for Chennai, Navi Mumbai, and Thane, where 2BHK units remain the preferred choice.
Address Advisors curated 100+ residential projects at the 2nd Edition of their Property Expo: Property Buffet 2024
Bengaluru, 25th September 2024: Address Advisors, an 8-year-old service and research focused real estate consultancy, witnessed 3000 visitors in its one-of-a-kind expos, Property Buffet 2024 held in their Bommanahalli office. The crowd was demonstrated to all kinds of residential projects from ultra luxury apartments, plots, villas, to farmlands specifically curated for buyers. They also facilitated many on-the-spot bookings and potential transaction of 150 CR in a span of two days.
Aligned with Address Advisors’ expertise in being a one stop solution for real estate services, the specific focus of the expo was on providing buyers with the best properties suited for them. The event provided a real on-ground experience to all kinds of visitors, from business owners to individual aspirants, to learn about real estate trends and high potential real estate opportunities. The visitors were able to understand property features, interacted about their requirements with businesses and sales heads of all top developers like Godrej Properties, K Raheja Corp, Birla Estates, Sobha, Mahindra Lifespaces, Purvankara, Sumadhura, Assetz to name a few.
Commenting on the expo, Mr. Sunny Mogra, Co-founder and CEO, Address Advisors, said, “Our endeavour is to provide a platform to potential buyers, in a very orgainsed manner, supporting, building communities and achieving holistic growth for the residential market in Bengaluru. Our customers are at the heart of our business, and we are proud to be consistently setting benchmarks for service and transparency.”
Commenting on the expo, visitors said, “Address Advisors Property Buffet was a fantastic experience! It’s great to discover a variety of property options we hadn’t considered before, and everything is curated under one roof. The end-to-end service will be a real game changer, especially with the on-site visits making it easier to visualize the choices. It’s impressive that the team was able to educate about the market while also matching our requirements so effectively.”
KFC’s India Sahyog program pledges support to 100 businesses in Hyderabad
Hyderabad, 24th September 2024: After successfully supporting 800 local restaurants across Mumbai, Bengaluru, Delhi, Guwahati and Kolkata, KFC’s India Sahyog program is back for the second time in Hyderabad.
As part of the program, having trained 100 restaurants in Hyderabad in 2021, KFC will now work with 100 more local restaurants & food joints in the city, helping them in business growth through training modules in food safety & hygiene, customer service, profitability and more. KFC’s India Sahyog program was launched in 2020; and is conducted in association with the National Restaurant Association of India (NRAI) and the Food Safety and Training Certification (FoSTaC) program of FSSAI; and aims to support 1000 restaurants across India by the end of 2024.
Speaking about the continued effort to augment the growth of the food industry in India, Moksh Chopra, General Manager, KFC India & Partner Countries, said, “The food industry has been going through a dynamic change, and it’s important for food businesses to keep pace with the changing trends, customer preferences, and demands. As part of our India Sahyog program, we have been working with FSSAI & NRAI over the last few years, to support 1000 independent restaurants across the country by 2024. This chapter in Hyderabad is another step in that direction, where we will be training and sharing knowhow with 100 local restaurants in the city.”
Appreciating the efforts of the brand, Sh. R V Karnan, I.A.S, Commissioner of Food Safety Telangana said, “Food consumption patterns have evolved significantly in the past few years. Food safety and hygiene have now become the top priorities for consumers. As local restaurants play a crucial role in the urban economy, it is their responsibility to ensure the highest standards of safety and hygiene. And it is good to see these training modules that have been tailored in a way to reduce the risk of unsafe food consumption and contribute to a healthier, safer dining experience across the state.”
Federation of Telangana Chambers of Commerce and Industry (FTCCI) President, Suresh Singhal also addressed the attendees, offering valuable insights into the broader industry perspective and emphasizing FTCCI’s commitment to supporting various sectors, particularly the retail and food service industries. He underscored the chamber’s dedication to driving excellence and ensuring that businesses are well-prepared to meet the stringent demands of food safety compliance.
The program was further enriched by the presence of key industry association leaders, Sh. Gautam Jain, Director of Legal Compliances at the Retailers Association of India. Their involvement highlighted the importance of a unified approach to elevating food safety practices across the sector.
KFC has been continually making efforts to grow the local food industry in the country. In the past, KFC India and FSSAI have pioneered a street food vendor, training over 1500 street food vendors across 4 states on food safety parameters. Additionally, the brand also undertook a Food Safety Officers capability enhancement program along with the State Food Safety Authorities.
New Relic Names Larissa Crandall Channel Chief and VP of Partners and Alliances
Bangalore, September 24, 2024—New Relic, the Intelligent Observability Platform, announced the appointment of Larissa Crandall as Channel Chief and Group Vice President of Partners and Alliances to further develop and strengthen the company’s partner strategy and channel programs worldwide. In this role, Crandall will grow the partner organization, expand multiple parts of the company’s alliance and partner ecosystem, and help enterprises around the world realize the benefits of New Relic in driving innovation, improving reliability, and delivering more perfect customer experiences.
“With worldwide spending on public cloud services forecasted to double between 2024 and 2028, and AI adoption continuing to rise, the need for intelligent observability has never been greater,” said New Relic Chief Revenue Officer Chris Jones. “As these industry trends continue to drive demand for our platform, engaging our partners on a global scale will be vital to New Relic’s continued success. Larissa is joining the company at a pivotal moment, and I’m thrilled to have her lead our channel and alliances program into its next stage of growth.”
Channel veteran to strengthen and accelerate partnerships globally
Crandall has spent her entire career leading channel and sales teams in the technology sector. She joins New Relic from Veeam, where she held the position of Vice President of Global Channel and Alliances. During her tenure, Crandall successfully built the company’s first global partner program, rebuilt the certification and enablement program, and accelerated partner-initiated revenue. Prior to Veeam, Crandall led the Global Channel and Alliances organization at Gigamon and held senior partner roles at Scalr and Unitrends.
Crandall is a highly awarded, collaborative leader with a stellar track record in building and leading high-growth partner programs. Her accolades include recognition by CRN for numerous awards, including top Channel Chiefs, Woman of the Channel, Power 100 – Top Most Powerful Woman in the Channel, and Inclusive Leadership Award. Crandall also serves on the Baptie & Company Channel Advisory Board, a leading global community for individuals running sophisticated channel ecosystems.
“New Relic is a market maker and a pioneer in the observability space. I am excited to join the company as it continues to innovate and lead the sector with a compelling product, business model, and team dedicated to delivering customer success,” said Crandall. “With the amazing partnerships we have developed, I embrace the opportunity to lead the global channel and alliances organization at New Relic as the company enters its next phase of growth.”
New Relic to grow multiple parts of the ecosystem
Crandall will build on New Relic’s channel presence worldwide by working with global and regional partners, MSPs, GSIs, and hyperscalers to strengthen best practices and catalogs for advancing the observability journey and augmenting growth with new partners. She will also focus on empowering the partner ecosystem with resources and tools, and further simplifying doing business with New Relic for partners and customers.
Partnerships and alliances are at the center of New Relic’s growth strategy. Most recently, New Relic formed the Secure Developer Alliance with FOSSA, Gigamon, and Lacework to help secure cloud infrastructure and close the gap between security and engineering teams when shipping code. New Relic also continues to demonstrate its commitment to its partner ecosystem with several key initiatives, including the expansion of New Relic Instant Observability, an open source ecosystem of nearly 800 quickstarts and integrations that help engineers instrument, dashboard, and alert their entire stack. Recent collaborations involve AWS, Microsoft, and NVIDIA.
Fracspace Launches Game-Changing In-App Features for Interiors and Real Estate Enthusiasts in Hyderabad and Bangalore
India, 24 September 2024: Fracspace, a pioneer in real estate innovation, is thrilled to announce the launch of two revolutionary in-app features aimed at enhancing the experience of interiors and real estate enthusiasts in Hyderabad and Bangalore. These new offerings represent a significant step forward in Fracspace’s mission to simplify real estate transactions and interior design processes for users.
The first in-app feature, Interiors & Construction Solutions, offers a robust set of tools tailored to help users design and execute their home or commercial projects. Whether planning a small renovation or a large-scale construction, users can access expert resources and manage projects effortlessly. From selecting materials to managing project timelines, this feature provides end-to-end support, ensuring users can seamlessly create their dream spaces.
The second feature is an In-App Listing of Residential and Commercial Properties across India. This streamlined platform allows users to buy, sell, and lease properties with ease. With a comprehensive listing of properties, Fracspace enables users to explore the real estate market efficiently, facilitating smooth property transactions for everyone—from first-time buyers to experienced investors. The app’s intuitive interface guides users through the process, making property transactions simpler and more transparent.
“With the introduction of these in-app features, Fracspace is empowering users to take full control of their real estate and interior design projects,” said Unnath Reddy, CEO & Founder of Fracspace. “Our app is becoming a one-stop solution for all real estate needs, allowing users to manage everything from property transactions to interior design and construction. These tools make it easier for users to navigate complex processes and turn their ideas into reality.”
Fracspace is also known for its innovative fractional ownership model, which allows users to invest in high-end real estate properties and enjoy luxury vacations while earning a minimum of 8% rental yield annually. The app offers easy exit options, comprehensive property management services, and the ability to build diverse real estate portfolios, making real estate investments more accessible and affordable for everyone.
With these new in-app features, Fracspace continues to evolve as a comprehensive platform for real estate enthusiasts, empowering users to simplify transactions and bring their design visions to life.