Mahindra Group launches India’s First Home-Buying Experience on Metaverse
Mahindra Lifespace Developers Limited (MLDL), a subsidiary of the Mahindra Group specialising in real estate and infrastructure development, has introduced India’s inaugural Metaverse home-buying experience. This novel offering, known as Bastion at Mahindra Citadel, marks the launch of Phase 2 of the project. Last night, 600 drones illuminated Pune skies to form a QR code, launching India's first metaverse home-buying experience.This achievement is the result of collaboration between @life_spaces & @tech_mahindra, exemplifying our commitment to synergy & innovation.… pic.twitter.com/6GqxXdLZ8F— Mahindra Group (@MahindraRise) October 26, 2023 What Does Metaverse Bring? The announcement was made through a drone display held at the project site in Pimpri-Chinchwad. Over 500 drones illuminated the night sky, showcasing key features of the project, including the ecotone design and home automation capabilities. Prospective buyers can explore their potential future homes prior to making a commitment. Users also have the ability to engage with various elements within these virtual homes and customise the interiors according to their preferences. Amit Kumar Sinha, MD & CEO of Mahindra Lifespace Developers Ltd, expressed enthusiasm for the launch and its relevance to Pune, which is a significant market for Mahindra Lifespaces. He emphasised Pune’s dynamic real estate environment and its propensity for innovation, underscoring the immersive and interactive nature of the Metaverse experience Future-Forward The initiative is a first-of-its-kind where a home-buying experience is brought to a Metaverse, in India. However, it’s not the first time for the Mahindra group to enable business via Metaverse. In 2022, the company announced that it is working on 60 metaverse projects, spanning over projects in ed-tech, retail, automotive dealer management, and others. Last year, Mahindra also launched a metaverse platform called XUV400Verse for buyers to experience a virtual showroom for their upcoming car XUV400. In yesterday’s Q2 earnings call, C.P Gurnani, CEO of Tech Mahindra had also emphasised on how the company will continue to innovate and diversify into different vertices.
MLDL launches a first-of-its-kind home-buying experience on Metaverse, continuing Mahindra’s commitment to integrate Metaverse for retail projects
MLDL launches a first-of-its-kind home-buying experience on Metaverse, continuing Mahindra’s commitment to integrate Metaverse for retail projects
["Metaverse", "Tech Mahindra"]
["Tech Mahindra", "programming_languages:R", "AI", "Metaverse", "innovation", "ML", "automation", "R"]
["AI", "ML", "R", "automation", "innovation", "programming_languages:R"]
As a rare blend of engineering, MBA, and journalism degree, Vandana Nair brings a unique combination of technical know-how, business acumen, and storytelling skills to the table. Her insatiable curiosity for all things startups, businesses, and AI technologies ensures that there's always a fresh and insightful perspective to her reporting. She now hosts her tech segment 'Point Break' on AIM Tv.