BCD Group, one of the oldest names in the Indian construction and design industry, crossed Rs 1,000 crore worth of projects, an increase of 30 per cent in the first quarter of FY24 as compared to the same period last year for under construction in Bengaluru.
Some of the key projects are residential and commercial development from builders, including Assetz Group,
Salarpuria Sattva, Puravankara and Century Group as Bengaluru continues its bull run in demand for residential properties.
The company, in the first quarter of FY24, received project construction orders worth Rs 300 crore for the civil construction of premium properties across central and secondary business districts.
Angad Singh Bedi, Managing Director, BCD Group “We are excited to witness the rapid growth and is seeing some of India’s biggest developers deliver state-of-the-art residential projects. We had already crossed the milestone order book of over Rs 1,000 crore in the first quarter and are quite bullish for the ongoing fiscal. Bengaluru has been one of the fastest-growing residential markets for us, and we have been at the forefront of developing the city by working with the largest developers in the country. We have several projects in the pipeline in the city and will continue to invest in the market.”This assumes significance as Bengaluru’s residential real estate market has grown significantly due to the city’s robust infrastructure, global companies offering immense employment opportunities and the growing importance of housing as an asset post-COVID-19.
According to a report by international property consultant Jones Lang LaSalle, residential sales in the top seven Indian cities rose to 215,000 units in 2022, the highest in over a decade, and a 68 per cent year-on-year (Y-o-Y) growth. Among the cities leading the sales included Bengaluru, Mumbai, Delhi-NCR and others.
BCD Group is further expanding its presence in the real estate sector by catering to the evolving nuanced requirements of homebuyers. The company, which 7 million sq ft of projects under development across luxury residential and commercial projects.
