Telangana has extended its services with BuildNext, a Kerala based IT-enabled construction company. The Company manages and operates VR centres that provide a customer experience in the building industry. In a short span of three months, it succeeded in closing approximately 6 lakh sq ft of growth. It is fully functional at Banjara Hills and the second is expected to begin soon close to Hitech Town bringing additional constructional companies in Hyderabad.
Hyderabad BuildNext Development Centre
BuildNext is also increasing its activities in the city by opening a new Experience Center in the Financial District by the next fiscal year. The company is, powered by virtual reality and data analysis for individuals and developers of real estate development solutions. BuildNext is a leading innovation leader in the construction materials industry, allowing inventory-less retailing of all building materials. Their premium sales partners operate stores in their respective geographies to meet the entire construction material needs of contractors, architects and other builder material customers.
BuildNext officials said that at an initial cost of around Rs 50 lakh, the design and experience centre would emerge. The facility for production will work to improve the technology platform. BuildNext proposes low-cost, faster turnaround and durable buildings with a focus on using IT-based lean principles. It benefits from bypassing waste and improving workplace competence. There are currently 15 workers in their experience centre in the area, which will increase to a total of 45 with the upcoming centres.
BuildNext Pan-India Future Expansions
BuildNext founder V Gopikrishnan said that “Hyderabad has been an encouraging market for us. In our three-month trial period, we have achieved breakeven on our own. Foreseeing a construction boom here, we plan to open four to five Telangana Experience Centers by the end of 2020”. With more investors in Hyderabad he added, “We expect a turnover of more than Rs 100 crore in the first year of operations here, and aims to cater for 500 projects by the end of 2020 with its plan to open more centres of experience through pan-India including Tamil Nadu, Andhra Pradesh, Karnataka and Maharashtra.”
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