Power generator manufacturers in Pune are expecting increased demand from the data sector segment, following the growth of telecommunications and technologies such as artificial intelligence (AI). Cummins India has projected potential orders worth Rs 500 crore in a year from data centres. Kirloskar Oil Engines is also in talks for higher capacity genset orders from new data centre clients. The power consumption of data centres is expected to increase by 678 MW to 1,400 MW in three years.
PropTech startup Crib invests $1 million in Crib Plus to digitize India s student housing and co-living market, serving over 1000 landlords managing 2500 properties and 1,50,000 beds. Founded in 2021, Crib targets an annual rental exceeding Rs 2,500 crores and aims to cater to large-scale student housing and co-living brands. India s residential rental market exceeds USD 20 billion, with the co-living market projected to double by 2024, indicating significant growth potential. Crib has raised over 2M$ from investors like Rebright Partners, PayTM s Vijay Shekhar Sharma, and Cred s Kunal Shah.
Bhiwandi has emerged as one of the most preferred warehousing markets, given its strategic location, stable rentals, and proximity to major city hubs in Thane and Mumbai. | Mumbai news
While home loan borrowers were hoping for a rate cut that would have reduced their EMIs, the RBI decided to maintain the status quo. Experts believe that a stable repo rate will keep the residential momentum going.
Metro Brands Ltd, one of India s leading footwear and accessory retailers, has secured its largest warehousing space to date. The company has leased a custom-built 3.25 lakh square feet warehouse in Bhiwandi, near Mumbai, as part of its expansion strategy. The lease, directly from RK Builders, spans a duration of five years. This move underscores Metro Brands commitment to enhancing its operational capabilities and meeting the growing demand for its products in the market.