Page 60 - Construction_Opportunities_December_2024

TICKER TAPE
CONSTRUCTION Emami Realty, part of the Kolkata-based Emami Group, is set to Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement company,
EMAMI REALTY TO LAUNCH TWO NEW RESIDENTIAL
NUVOCO INTRODUCES ZERO M TILE ADHESIVE T5 -
PROJECTS IN CHENNAI.
REDEFINING DURABILITY AND VERSATILITY IN TILE FIXING
has launched the unique Nuvoco Zero M Tile Adhesive T5. This two-
develop two new residential projects in Chennai, covering a total
area of approximately 20 lakh square feet. These two projects are
component epoxy-based polyurethane (PU) adhesive is designed
part of the company’s broader plan to launch 12 residential and
to offer unmatched performance for fixing all types of tiles and
commercial developments, totaling around 220 lakh square feet,
stones on a variety of substrates in both interior and exterior
over the next seven years across major cities in India.
industry. The Nuvoco Zero M Tile Adhesive T5 sets new standards
The total estimated investment for these proposed projects, which
will be spread across West Bengal, Uttar Pradesh, Tamil Nadu, applications, setting new benchmarks in the Building Material
in versatility and durability for specialized installations. Its unique
Odisha, and Jharkhand, is approximately `10,000 crore. formulation makes it possible to easily fix tiles and stones to a
Nitesh Kumar, Managing Director and CEO of Emami Realty, variety of surfaces, including cement sheet, Bison panels, Wood,
highlighted the company’s growing Gypsum Board, PVC, and metal, as well as ceramic and vitrified
presence in Tamil Nadu, with a previous tiles, natural stone, glass mosaics, and porcelain
project delivered in Chennai three The adhesive conforms to IS 15477:2019 Type-5 ‘T’ S2 and EN
years ago and an ongoing project in 12004:2017 - “R2T”, ensuring adherence to the highest industry
Coimbatore. The two upcoming residential standards.
projects in Chennai will focus on upper-mid A standout feature of this adhesive is its ability to withstand
housing and are slated for completion by adverse environmental conditions. It is resistant to chemicals,
2028 and 2029, respectively. The first project high temperatures, impacts, and vibrations, ensuring longevity
will span 8.5 lakh square feet and is set to be finished by 2028, and preventing bond failures. It’s flexible yet robust composition
while the second will cover 11 lakh square feet and is expected accommodates minor movements in substrates without cracking
to be completed by the end of 2029. or delamination, making it a reliable solution for long-term
Additionally, Emami Realty holds approximately 100 acres of land installations.
in Hyderabad, though the company has not yet decided whether Chirag Shah, Head of Marketing, Innovation, and Sales
to develop projects there or sell the land. Excellence at Nuvoco Vistas Corp. Ltd said, “The Nuvoco Zero
Out of the 12 projects planned, five will be launched outside West M Tile Adhesive T5 is a testament to our focus on innovation
Bengal, and all will be developed on the company’s own land. and excellence. With its unmatched
These new projects are expected to generate total revenue of versatility and superior performance, it
around `15,000 crore, with an estimated investment of `10,000 addresses the growing demand for reliable
crore, which will be financed through internal accruals and the and durable building materials in the
sale of completed projects. construction industry. This launch reflects
our commitment to delivering solutions that
RAJASTHAN TO ESTABLISH NEW IT CITY 50 KM FROM meet the evolving needs of our customers.”
GURUGRAM The Nuvoco Zero M Tile Adhesive T5 comes in a convenient 4
Rajasthan has officially welcomed its first major company to a new kg bucket, comprising 3.65 kg of resin and 0.35 kg of hardener,
IT city located 50 kilometers from Gurugram, signaling a significant ensuring ease of use. It is readily available across key regions
step in the state’s push to become a tech and business hub. in North, West, and East India, including Punjab, Haryana, Delhi
The announcement was made by Rajyavardhan Singh Rathore, NCR, Gujarat, Maharashtra, Rajasthan, Chhattisgarh, West Bengal,
Rajasthan’s Industry and IT Minister. Jharkhand, Madhya Pradesh, and Odisha.
The new IT city is part of the state’s broader strategy to attract
investments and create employment opportunities in the BRIGADE TO INVEST `800 CRORE IN DEVELOPING 1
technology sector. Rathore emphasized that Rajasthan is MILLION SQ FT RESIDENTIAL PROJECT IN WEST CHENNAI.
positioning itself as a preferred destination for industries by offering Bengaluru-based real estate developer, Brigade Group, has
world-class infrastructure and a skilled workforce. entered into a Joint Development Agreement (JDA) to launch a
To support this initiative, the state government is collaborating with residential project spanning approximately 1 million square feet
the Tata Group to upgrade 100 Industrial Training Institutes (ITIs) in Chennai. The development, located in the rapidly expanding
across Rajasthan. The effort aims to enhance vocational training West Chennai area, is part of a larger 1.5 million square feet
and provide industries with a pool of skilled labor to meet their mixed-use project. The residential project is expected to have
demands. a Gross Development Value (GDV) of around `800 crore. While
“We are rolling out the red carpet for industries and ensuring they the company has not disclosed the identity of its development
have access to both infrastructure and talent,” Rathore said, partner or the exact project location, the initiative is set to enhance
highlighting the state’s commitment to fostering economic growth Brigade Group’s presence in the city.
and technological innovation. This strategic move further strengthens Brigade Group’s standing
The new IT city and the skill development initiative are expected to as a leading player in Chennai’s real estate market, contributing to
boost Rajasthan’s competitiveness and attract more investments the city’s dynamic growth with high-quality living and commercial
in the coming years. spaces, according to the company’s statement.

60 CONSTRUCTION OPPORTUNITIES|DECEMBER 2024