Bengaluru, October 18, 2024 – AiDash, an enterprise SaaS company helping critical infrastructure industries become climate resilient and better prepared for the energy transition with satellites and AI, today unveiled an end-to-end system addressing utilities’ most urgent challenges in the wake of climate threats like storms and wildfires. Its new Full Stack Platform for Grid Inspection and Monitoring provides utilities with the data and insights needed for proactive, preventative maintenance to keep the grid operational, safeguard communities, and reduce costs. AiDash CEO Abhishek Singh debuted this first-of-its-kind solution at the company’s Evolve 2024 conference in New Orleans.

“In an era of super storms and wildfires, keeping the power on is more challenging than ever. Climate change, growing power demands, and the need to expand grid capacity highlight the urgent work ahead to ensure safe, reliable, and affordable power,” said Abhishek Singh, CEO of AiDash. “With our Full Stack Platform for Grid Inspection and Monitoring, we’ve combined all of our capabilities and integrated new data sources, giving utilities the most accurate information to enable swift, decisive action.”

The Full Stack Platform for Grid Inspection and Monitoring launches as the U.S. utility landscape now includes over 7 million miles of power lines, approximately 250 million poles, a billion devices or assets, and billions of trees. Inspecting, monitoring, and maintaining this at scale is beyond human capacity. Technology adoption is the only path forward for utilities to minimize outages, reduce costs, and improve grid reliability.

“If every asset is inspected with the right remote sensing technology, at the right frequency, and problem areas are addressed quickly, utility-caused fires and outages can be drastically reduced, if not eliminated,” said Singh. “Our solution empowers utilities to be more proactive, adaptive, and resilient, leading to safer communities, better working conditions, and improved bottom lines.”

First-of-its-Kind Platform Makes Utilities More Climate Resilient

Over the past five years, AiDash has committed itself to using the latest in satellite technology and AI to respond to utility companies’ most pressing needs in the face of the unprecedented effects of climate change. The company’s new system is designed to make an even greater impact on their operations and maintenance (O&M), as AiDash’s full suite of products has been brought together in one cohesive platform.

With the AiDash Full Stack Platform for Grid Inspection and Monitoring, utilities can perform a satellite scan of their entire network to identify potential vegetation issues, pinpoint asset locations (poles and conductors), and assess road accessibility and terrain.

Based on these satellite insights and depending on use cases, budget, and criticality, utilities can then opt for ground-based LiDAR or visual inspections for road-accessible assets, aerial scans (visual/LiDAR) for broader areas, and drone scans for limited, hard-to-reach regions.

This multi-pronged approach delivers detailed, large-scale visual inspections of all assets and surrounding vegetation using a single platform. Data is consolidated, and advanced AI quickly identifies, prioritizes, and predicts issues. This enables swift, proactive actions to tackle current and future grid challenges while reducing the average cost per mile of scans. The platform also makes the grid more intelligent and ready for the energy transition.

The Full Stack Platform for Grid Inspection and Monitoring enables utilities to:

• Inspect and monitor assets and surroundings at scale and with the required frequency
• Model system and climate risks, as well as sustainability impacts
• Predict tasks and their criticality for routine and ad hoc O&M
• Apply business constraints to analyze scenarios, create and prioritize digital plans
• Execute tasks and log progress using the AiDash Field Application
• Track progress and audit completed work

“By leading with satellites and complementing them with ground-based LiDAR and on-ground patrols, we achieve what no single data source could—and do it more cost-effectively. Sharing data between our vegetation management and asset management teams improves coordination, enhancing reliability for our customers,” said Bert Stewart, Manager of Vegetation Strategy at National Grid.

Securing Tomorrow Together

The Full Stack Platform for Grid Inspection and Monitoring marks the next stage of AiDash’s growth in transforming how utilities protect and maintain their assets. To achieve its mission of making critical infrastructure more adaptive and climate-resilient, AiDash is collaborating with all entities involved, such as utilities, regulators, and partners, including consulting firms, system integrators, and technology and data partners. The company plans to expand this ecosystem, recognizing that climate challenges are too large for any single company—collaborative solutions are essential.

 by Ashish Shelar, a prominent Mumbai political leader during a joyous handover event

Mumbai, October 17, 2024: Transcon, a leading real estate developer, proudly announces the successful delivery of 148 SRA units to the residents of Sai Durga SRA Co-operative Housing Society, Santacruz (W), Mumbai. This momentous event was marked by a ceremonial handover attended by Shri Ashish Shelar, a prominent political leader and advocate for urban development, highlighting the company’s dedication to improving urban living standards.

The SRA component of Transcon’s commercial project, Ramdev Plaza, symbolizes the company’s ongoing commitment to providing quality housing solutions for the community. During the event, Shri Ashish Shelar expressed his admiration for Transcon’s efforts, stating, “This initiative marks a significant step toward transforming the lives of these residents. Access to safe and adequate housing is crucial for creating a better future, and I commend Transcon for their unwavering commitment to this important cause.”

Ms. Shraddha Kedia-Agarwal, Director of Transcon Developers, shared her enthusiasm, saying, “We are excited to deliver these SRA units to the residents of this community. Our goal has always been to provide quality housing solutions that not only meet the immediate needs of the community but also promote long-term sustainability. We believe that every individual deserves a safe and dignified place to call home, and this project exemplifies our commitment to making that a reality.”

The newly constructed homes in Santacruz are designed with a focus on functionality and comfort, providing residents with access to essential amenities and a secure living environment that enhances their overall quality of life. This milestone reinforces Transcon’s dedication to social responsibility and its efforts to positively shape the urban landscape of Mumbai.

Transcon’s commitment to social housing aligns with its broader mission to enhance urban living through innovative and sustainable development practices. The company remains committed to collaborating with government authorities and community stakeholders to deliver impactful projects that support the overall growth and development of Mumbai.

The successful completion of the SRA component of the Ramdev Plaza project stands as a testament to Transcon’s dedication to creating positive change in the communities it serves. As Transcon continues to expand its portfolio, it remains focused on delivering high-quality, affordable housing that empowers residents and enriches their lives.

Mumbai’s real estate sector is set for a significant transformation with the launch of the first phase of the Mumbai Metro Line-3. During a recent visit to the city, Prime Minister Shri Narendra Modi inaugurated this crucial infrastructure project, marking a new era of connectivity for India’s financial capital. The first phase of the Metro Line-3 connects Bandra Kurla Complex (BKC) to Aarey, spanning the JVLR section. As Mumbai’s first underground metro, the Aqua Line will revolutionize travel in the city, featuring 10 new stations, including key transit hubs such as T2 and Santacruz, thereby easing congestion and reducing travel times.

The full 33.5 km route of the Aqua Line connects Aarey to Cuffe Parade, incorporating 27 stations along its path. The recently launched first phase spans 12.5 km between Aarey and BKC, offering an important boost to the city’s transport network. Moreover, this metro line will integrate with Mumbai Metro Line 1 at Marol Naka, offering improved connectivity across Mumbai’s key regions.

Mr. Anil Mutha, Chief Visionary & Co-Founder, Nandivardhan Group highlighted the transformative nature of these developments, stating, “The government’s commitment to improving Mumbai’s infrastructure is commendable. The launch of Mumbai Metro Line-3 is a transformative milestone for urban transportation. This will drastically improve connectivity and help ease congestion in vital corridors. Once the Metro 3 is fully operational, it will enhance accessibility for residents commuting between Dadar in south-central Mumbai and the northern suburbs, significantly benefiting daily commuters. Additionally, the operational metro corridor is expected to stimulate holistic development in the South Mumbai real estate market, particularly around Dadar, by improving connectivity to key areas like BKC, Worli, and Marine Lines.”

Elaborating on benefits to SoBo residents, Mr. Vedanshu Kedia, Director of Prescon Group stated, “South Mumbai is back on the real estate map with high-impact infrastructure projects that are announced and ongoing such as the Coastal Road, Bandra-Worli Sea Link Extension, Sewri-Worli Elevated Corridor, as well as Metro Line 3. There will be significant advantages for residents of Mahim, Dadar, Matunga, Worli, who will benefit from enhanced connectivity to the rest of Mumbai and Navi Mumbai. These micro markets have significant scope of redevelopment potential due to their large stock of ageing real estate. Once these initiatives are operational, property values and volumes are anticipated to increase significantly. We feel that the market share for these micro-markets will significantly improve in the residential and commercial property transaction pie of MMR Region.”

Commenting on the impact on the region, Mr. Rohan Khatau, Director, CCI Projects added, “The Metro 3 and Metro 7 along with the Western Express Highway will significantly ease connectivity in the Kandivali-Borivali belt. This will inevitably lead to a surge in housing demand, as the area becomes more accessible and attractive for potential homebuyers seeking well-connected residential options.”

Reflecting on the benefits for homebuyers, Mr. Umesh Jandial, Chief Business Officer, Omkar Realtors & Developers shared, “There is already significant demand for housing in the western suburbs, especially in the Malad-Goregaon belt. The convergence of Metro Line 3 with existing Metro lines 1 & 7 will further fuel housing demand in this region. Improved connectivity, lifestyle amenities, and the convenience offered by projects in the western suburbs will greatly enhance the lifestyle for homebuyers along this metro corridor.”

Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers emphasized the strategic importance of these developments, stating, “These infrastructure initiatives are pivotal for Mumbai’s future. The focus on underground metro systems and freeway extensions represents a forward-thinking approach to urban planning. Areas like Santacruz, Andheri, and Malad along the western line will see heightened demand, with the improved mobility expected to stimulate both residential and commercial growth, making Mumbai a more competitive global city.”

Mr. Himanshu Jain, VP – Sales, Marketing & CRM, Satellite Developers Pvt. Ltd. highlighted the Malad-Goregaon region’s growth potential noting, “The combined impact of Metro 3 and Metro 7 will drive residential and commercial development in the Malad-Goregaon region. For millennial homebuyers, the proximity of their homes to workplaces is a crucial factor. Compact homes and studio apartments near their workspace allow them to maintain a balanced lifestyle, offering more quality time with their families.”

Looking ahead, additional infrastructure projects like the extension of the Santacruz-Chembur Link Road (SCLR) and the forthcoming Phase II of Metro Line-3 are set to further enhance Mumbai’s transport network. These initiatives are critical for alleviating congestion and meeting the needs of the city’s growing population and economic aspirations.

As Mumbai embraces these transformative changes, the impact on daily commuting and the city’s global standing will be profound. By 2025, the seamless integration of air, road, and metro networks is expected to position Mumbai as a world-class urban center, prepared to tackle the challenges of its expanding population and dynamic economy.

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.”

New Delhi, October 15, 2024: “Shapoorji Pallonji Real Estate (SPRE), one of India’s most trusted real estate developers, today announced that it has entered a joint venture with Kanodia’s real estate venture KREEVA to develop a luxury residential project in Sector 46, one of the most premium residential localities within Gurugram.

Spanning across 1.74 acres, the project will consist of luxury apartments, targeting discerning homebuyers in the National Capital Region (NCR). The project will offer a perfect blend of modern design, superior construction quality, and state-of-the-art amenities, offering a new standard of urban living to the residents of Gurugram.

Commenting on the partnership, Mr. Venkatesh Gopalakrishnan, Director Group Promoter’s Office, MD & CEO, Shapoorji Pallonji Real Estate (SPRE), said, “We are excited to partner with KREEVA (Kanodia Real Estate Venture Arm) to bring our expertise in real estate development to Gurugram’s Sector 46. This collaboration is in line with our vision of expanding our footprint in key markets across India while delivering high-quality residential projects that cater to the evolving needs of homebuyers. This is our second project in Gurugram, and we aim to create a landmark that will redefine the skyline of the location and provide an unparalleled living experience.”

Dr Gautam Kanodia, Founder, KREEVA and Co-Founder, Kanodia Group, added, “We are delighted to collaborate with Shapoorji Pallonji Real Estate to bring this luxurious residential project to life in Gurugram. By leveraging the combined strengths of both companies, we are confident in delivering an unparalleled, world-class living experience that sets a new standard for luxury in one of Gurugram’s most prestigious locations.”

Strategically located in Sector 46, the project offers seamless connectivity to major business hubs, healthcare facilities, educational institutions, and entertainment options in the NCR. The prime location, coupled with spacious apartments and world-class amenities, makes it an attractive investment opportunity for both homebuyers and investors.

New Delhi, October 15th, 2024: The average price of new launch projects in India’s top 10 cities have surged 88% in the last five years, according to real estate data analytics firm PropEquity.

According to the report, the average housing price have surged the most in Gurugram from Rs 7500 psqft. in 2019 to Rs 19,500 psqft. in 2024, a jump of 160% and the lowest in Mumbai at 37% from Rs 25820 psqft to Rs 35,500 psqft.

During this period, 15,000 projects were launched comprising apartments, floors and villas in top 10 cities namely Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Thane, Navi Mumbai, Pune, Noida and Gurugram.

Commenting on the data, Samir Jasuja, Founder & CEO, PropEquity said: “Real estate prices have gone up exponentially across all major cities in the last 5 years. The massive infrastructure development, growing interest from NRIs, HNIs/UHNIs and stock market gainers looking to create wealth and generate income through real estate investment, rising homeownership sentiments and overall shift towards luxury/super luxury homes as a result of rising aspiration and affluence are the contributing factors for such a steep rise.”

According to the report, the highest rise in prices was seen in Gurugram, followed by Noida (146%), Bengaluru (98%), Hyderabad (81%), Chennai (80%), Pune (73%), Navi Mumbai (69%), Kolkata (68%), Thane (66%) and Mumbai (37%).

In terms of per sq. ft. prices, Mumbai continues to be the costliest with average price at Rs 35,500 psqft. followed by Gurugram at Rs 19,500 psqft. and Noida at Rs 16,000 psqft.

The data further highlighted that in 2019, only Mumbai had average price of new launch projects upwards of Rs 10,000 psqft. In 2024, except Hyderabad, Chennai and Kolkata, all seven cities saw average launch prices rise upwards of Rs 10,000 psqft.

Mumbai, October 15th, 2024: Iraah Lifespaces, a prominent new entrant in the ultra-luxury villas development space, has unveiled its exquisite collection of bespoke properties in two of Maharashtra’s most sought-after destinations; Alibaug and Lonavala. With a vision to redefine destination living in the neighbourhood of celebrities with a second home or investment perspective, Iraah Lifespaces is poised to cater to the discerning tastes of ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), CXOs, and NRIs who seek unparalleled luxury in their homes.

The project is situated in the vicinity where Indian celebrities like Shahrukh Khan, Virat Kohli have their villas. These villas are an embodiment of sophistication and elegance matching the vibes of the neighbouring celebrity homes. Each villa has been meticulously designed to offer an unparalleled living experience, seamlessly blending contemporary aesthetics with the natural beauty of the surroundings. Nestled in lush landscapes, the properties provide a serene retreat while still being in close proximity to vibrant urban life.

“Our mission at Iraah Lifespaces is to craft bespoke properties that cater to the elite,” said Mr. Vikas Sutaria, Founder at Iraah Lifespaces, the think-tank and the person who has conceptualized the project. “We understand that our clients are not just looking for a home; they are seeking a lifestyle. Our villas are designed to reflect their aspirations for luxury, privacy, and exclusivity,” he added.

The newly unveiled collection features an array of architectural styles and layouts, each tailored to meet the unique preferences of potential buyers. From expansive living spaces and state-of-the-art amenities to stunning outdoor areas, every detail has been thoughtfully curated to enhance the experience of luxury living.

Iraah Lifespaces is particularly excited about the increasing interest from UHNIs, HNIs, and CXOs in these lifestyle destination homes. As more individuals and families prioritize wellness, relaxation, and the ability to escape to peaceful surroundings, the demand for such properties has surged. Alibaug and Lonavala, known for their picturesque landscapes and serene ambiance, are emerging as top choices for those looking to invest in uber luxury villa homes.

Mr. Sutaria went on to add, “Alibaug and Lonavala are not just destinations; they are paving the way for destination living in India. We are committed to offering a unique blend of modern luxury and natural beauty, providing our clients with a sanctuary that they can all call home.”

As per industry reports, the Indian luxury market experiences significant growth and is projected to soar from USD 38.02 billion currently to USD 101.92 billion by 2029.

Iraah Lifespaces’ commitment to excellence is reflected in its dedication to sustainability and eco-friendly practices. The company is integrating green technologies and sustainable materials in its projects, ensuring that the luxury experience does not come at the expense of the environment.

As the ultra-luxury market continues to evolve, Iraah Lifespaces is uniquely positioned to lead the way, offering not just homes, but lifestyle destinations that resonate with the elite. With the launch of these exquisite villas, the company is setting new standards in luxury living, making it an exciting time for both the brand and potential buyers.

As reported by Anarock, out of the 328,400 residential units introduced in the top seven cities last year, around 8,610 were villas. This marks a rise from the 8,420 villas out of 357,640 units launched in 2022. The growing interest in luxury villas is expected to persist and expand in the upcoming years. There is a growing preference for villas over high-rise apartment complexes, and investors are also gravitating towards more spacious homes, leading to an increase in the launch of luxury villas.

Mumbai, October 14th, 2024: Arkade Developers Limited, today announced its results for the first quarter of FY25. The Company has recorded Consolidated Revenue of Rs. 12,538.13 lakhs for Q1FY25 as against Rs. 6,177.16 lakhs for Q1FY24 and Rs. 12,288.60 lakhs for Q4FY24. The Consolidated Profit Before Tax for Q1 FY25 is Rs. 4,088.74 lakhs as against Rs. 942.60 lakhs for Q1 FY24 and Rs. 2,521.53 lakhs for Q4FY24. The Consolidated Profit After Tax for Q1 FY25 is Rs. 3,021.89 lakhs as against Rs. 657.63 lakhs for Q1 FY24 and Rs. 1,961.27 lakhs for Q4FY24.

Commenting on the Q1 FY25 results, Mr. Am it Jain, Chairman and Managing Director, Arkade Developers Limited said, “India’s robust economy and proactive policies have positioned itself as a global leader. The Indian real estate market, particularly the luxury housing segment, has witnessed strong demand driven by urbanization and rising incomes. We are pleased to announce successful results for the quarter. We successfully launched Arkade Views & Vistas and have given possessions of over 380 homes to satisfied customers at Arkade Aspire and Arkade Crown in the last quarter. We are also preparing to launch Arkade Rare in Bhandup West and are expanding presence through strategic land acquisitions in MMR. Our promise to sustainable growth and creating value for all stakeholders remains constant”