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L&T to develop commercial space with Hyderabad Metro

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L&T, AREVA

Hyderabad: L&T Metro Rail Hyderabad Limited (LTMRHL) plans to develop six million square feet of real estate at a cost of about Rs.2,300 crore under the first phase as part of Metro rail project, which is expected to be commissioned in July 2017.

Of this 1.1 million square feet of retail and office space is under construction and will be ready next year, announced LTMRHL chief executive and managing director V.B. Gadgil.

Gadgil said 40 percent of the commercial space under development has already been booked.

The construction major, which is building 71.16 km elevated Metro rail in public-private partnership, has already achieved financial closure for the first phase of Transit Oriented Development (TOD), which is scheduled to be completed with the commissioning of the Metro.

L&T also plans to take up development of 12.5 million sq.ft. of space over next 10 years. This may require more than Rs.5,000 crore. “We will raise this money from our internal accruals or borrowings,” Gadgil told reporters.

This will take the overall investment by the L&T in the integrated project to over Rs.20,000 crore.

In 2011, LTMRHL achieved financial closure for Rs.16,375 crore – Rs.14,132 crore for Metro rail system and Rs.2,243 crore for first phase of Transit Oriented Development (TOD).

The TOD is being taken up at multiple locations, including the land parcels given by the state government, Metro stations and depots.

Unveiling ‘Hyderabad Next’, the brand of TOD, Gadgil said it would offer office space, retail, hospitality, healthcare and mixed use.

By providing ample parking, work, shopping, leisure, entertainment and healthcare, the construction major promises to improve the quality and standard of living in Hyderabad.

“Hyderabad Metro rail will uniquely cater to the needs of commuters as well as the non-commuters of its adjoining/adjacent neighbourhoods due to its design as a foot over bridge, coupled with unique total retail space of about 0.45 million sq.ft. on all 64 stations,” he said.

Dominos, Politos, Medplus and Amul are among the brands which have already booked the space. State Bank of India (SBI) will have one ATM at each station while Bank of Baroda and Corporation Bank will have their ATMs at 20 stations each.

When fully commissioned, the developer expects 45-50 percent revenue from fare collection, 40 percent from TOD and 10 percent from advertisements.

Entertainment

Casino Days Reveal Internal Data on Most Popular Smartphones

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CasinoDays India

International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.

Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.

The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.

Desktops and Tablets Lose the Battle vs Mobile

The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.

CasinoDays India

The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.

“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.

Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings

Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.

 

CasinoDays India

Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).

Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.

The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.

Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.

Striking Android Dominance among South Asian Real Money Gaming Communities

The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.

On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.

Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.

“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.

The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.

 

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