Construction Industry News
BCD Group is launching a super luxury residential project in the third block of Koramangala with a total investment of Rs 100 crore and an area of 1.5 lac sq ft. The project will boast 30 premium apartments and residences and will be completed by 2025. As part of the multi-million dollar project, BCD India has been hired to execute turnkey contracts from excavation to completion.
Spread over 1.5 lac square feet, the project being developed at the city's popular billionaires' lane in Koramangala comes with high-end amenities. This comes at an opportune time as the luxury housing segment is witnessing a steady surge in demand with an increasing number of HNIs and Non-Resident Indians (NRIs) investing in premium housing associations to build high quality assets.
Angad Bedi, MD, BCD Group, said: “Luxury properties in India are one of the fastest growing segments of the real estate industry with homeowners and HNIs looking to invest in premium properties that provide them with a quality of life and valuable asset. We will undertake the construction of the entire project, which will emerge as the most preferred destination for a luxurious lifestyle.
Industry reports suggest that luxury sales make up about 10%-15% of total home sales and are growing rapidly despite the market swings. This increase is also driven by the availability of quality projects from seasoned developers, boosting homebuyers' confidence. Currently, it is developing more than 6 million square meters of turnkey projects for leading builders across the country, including Century, Ozone, Koncept Ambience, Legacy, Deep Blue City Lucknow.
As one of India's only debt-free contractors, with integrated capabilities from concept to delivery and a technology-first vision, the company has its own engineering data center, competence cells, advanced formwork systems, mechanized project execution, digitized project management and a large and talented pool of consultants, suppliers and employees.
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