The developer Gopalan Enterprises based in Bengaluru will start his first artificial intelligence-smart home project, which meets the growing demand from a thousand-year-old buyers. The company plans to build 3,000 units with an investment of £500 Crore, Managing Director C. Prabhakar told HT.com
These AI-controlled houses that are controlled between the price between AI £1.5-2 crore will cover around 1 million square meters and have AI-controlled devices and flexible furniture.
“We will develop two projects in the eastern IT corridor of Whitefield and two in Rajarajeshwari Nagar, South Bengaluru. £1 Crore, while 3BHK apartments are in the range of 1,800 to 2,500 m² in size £1.5 Crore, “said Prabhakar.
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Demand for intelligent houses
Prabhakar said that the company had recorded almost 70% of inquiries for smart home and AI supported technologies in the past 1-2 years.
Intelligent houses are gained in popularity, since AI and automation become an essential part of modern life. In view of the increasing demand for intelligent functions, developers integrate AI-controlled solutions to improve energy efficiency and sustainability.
“These centrally controlled houses operated with AI enable residents, devices, lighting and safety to manage mobile devices that offer unprecedented comfort.
He added that these houses contain flexible furniture solutions to maximize space that are inspired by the Japanese design. Foldable and multifunctional furniture enable residents to transform their living areas as required, which means that these houses are ideal for customizable living rooms.
Later in 2025, the company plans to get out of Bengaluru for its living segment. It will be a project in MySuru with ticket sizes of £70 Lakh too £1 crore.
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Commercial projects in the pipeline
Gopalan Enterprises has completed around 20 million m² of residential projects in Bengaluru and is now to launch a 1.5 million square meter office park in the city.
This year, the company is planning to deliver an additional 1.5 million m² of office space, with another 1.5 million square meters have already completed and rented. “We'll invest it £500 crore for the office space park. The IT park is located along the outer ring road and is based on Bengaluru's growing demand for Premium office rooms. With many IT companies that consolidate their business, the focus is on buildings in class A that offer modern infrastructure and high operating efficiency, ”said Prabhakar.
The rental prices for class A office buildings in Bengaluru are almost a third of those in Mumbai. “This cost advantage offers significant potential for the growth of the rentals of office space. With several new developments, especially in Whitefield and Electronic City, we expect the rent of office space to increase next year,” added Prabhakar.