Magnet Networks bullish on smart housing projects in India

Irish telecom solutions provider Magnet Networks is bullish on the growth of smart buildings and housing projects in India and plans to expand its team to meet increasing demand. Smart buildings have multiple sensors installed to manage power, water, security and other requirements efficiently. Magnet Networks is engaged in designing and laying out the network inside such buildings and projects. "We are working on 44 smart buildings and housing projects. Of these, we are working in detail on 5 projects. These projects are north of USD 200-250 million. If we are successful across some of the projects, at the end of 2 or 3 years we will have north of 100 staff," Mark Kellett, group chief executive officer of Magnet Networks told . He said smart buildings will require telecom networks that can meet the various requirements for the next 15-20 years at least.