Page 34 - Construction_Opportunities_September_2024

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CONSTRUCTION Infra.Market, one of India’s leading construction materials materials across India.”
INFRA.MARKET BECOMES INDIA’S LARGEST AAC BLOCK
MANUFACTURER, SETS NEW STANDARDS IN SUSTAINABLE
He further added, “At the heart of what we do is a deep
CONSTRUCTION
commitment to producing only Grade 1 AAC blocks that are
both strong and reliable. Our tagline, ‘Majboot Blocks, Majboot
companies, has reached a significant milestone, becoming
Deewarein,’ reflects our promise to deliver products that stand
India’s largest manufacturer of Autoclaved Aerated Concrete
the test of time, offering strength and trust you can depend on.”
(AAC) blocks. With nine plants across the country, the company
The company aims to significantly enhance its annual production
now boasts an annual production capacity of 3 million cubic
yet strong, energy-efficient, and environmentally friendly – a
metres, marking a significant step forward for sustainable
combination that is becoming increasingly vital in modern
construction in India, serving diverse regional markets effectively capacity in the coming years. AAC blocks are lightweight
and reducing transportation costs and environmental impact. construction. The green building certifications incorporate
AAC blocks, with their growing appeal as a greener alternative, recycled materials and offer superior insulation properties. Tech
currently represent 7-8% of the conventional brick market. advancements ensure consistent quality and efficient production
Their increasing adoption reflects a growing awareness of across all nine manufacturing facilities. The company’s R&D lab
environmental issues in construction and as a member of the further enhances product performance, focusing on innovation
Indian Green Building Council, Infra.Market is actively involved in and rigorous quality control. This aligns well with government
promoting sustainable construction practices. initiatives like Pradhan Mantri Awas Yojana (PMAY), which aims to
“Our growth in AAC block production is a response to the changing provide affordable and environmentally friendly housing solutions.
needs of India’s construction industry,” says Pankaj Phadnis, Infra.Market’s emergence as the top AAC block manufacturer
President-Retail, Infra.Market. “We’re proud represents a positive shift in India’s construction industry. It indicates
to offer a product that performs well and a growing preference for materials that balance performance
helps reduce the environmental impact of with environmental responsibility. With manufacturing facilities in
building projects. This expansion is backed Ahmedabad, Bangalore, Chennai, Hyderabad, Hubli, Kolhapur,
by significant investments in technology Mumbai, Panipat, and Pune, the company is well-positioned
and automation and will help meet the to play a vital role in driving sustainable building practices and
growing demand for sustainable building supporting the construction revolution across the country.

PURAVANKARA TO REDEVELOP HOUSING SOCIETY IN BREACH CANDY, SOUTH
MUMBAI
Bengaluru-based real estate developer Puravankara has secured the redevelopment rights for
the Miami Apartments located in South Mumbai’s upscale Breach Candy. The project, which
spans approximately 2,000 square meters, marks Puravankara’s debut in the high-end South
Mumbai market, where property rates are estimated between `1,25,000 and `1,40,000 per
square foot.
The company has recently expanded its operations in Mumbai, having previously acquired
redevelopment rights for two societies on 3 acres of land in Lokhandwala, Andheri West, in
November 2023. Puravankara has now been selected as the preferred developer for an
additional 1.3 acres, bringing the total project area to 4.3 acres. Property rates in this Andheri
West area are estimated between `40,000 and `45,000 per square foot.
Ashish Puravankara, Managing Director of Puravankara Limited,
commented, “Our entry into South Mumbai with the redevelopment of
Miami Apartments signifies a major milestone for Puravankara Ltd. This
project reflects our dedication to delivering unmatched luxury and our
vision to create iconic living spaces in prime locations. We look forward to
enhancing the luxury living experience in Breach Candy and reinforcing
our presence in other markets.”
Rajat Rastogi, CEO - West & Commercial Assets at Puravankara Limited, added, “The new
redevelopment projects in Breach Candy and Andheri West bolster our
portfolio in Mumbai and underscore our growing influence in the city’s
real estate landscape. We remain focused on acquiring landmark assets
in the Mumbai Metropolitan Region and Pune.”
In addition to its Mumbai projects, Puravankara has signed a Joint
Development Agreement (JDA) for a 1.95-acre land parcel in Bengaluru’s
Electronics City micro-market, adjacent to the Purva Westend project. This
parcel, with a saleable area of 260,000 square feet, is located just 100
meters from the Kudlu Gate Metro Station, providing convenient access to tech parks, hospitals,
and schools. Market rates in this area range between `12,000 and `14,000 per square foot.

34 CONSTRUCTION OPPORTUNITIES|SEPTEMBER 2024