KONE India expands operations with a new office in Udaipur, Rajasthan
KONE Elevator India, a leading provider of elevator, escalator, and automation solutions recently announced the expansion of their footprint in Udaipur, Rajasthan with the launch of their new office space. This expansion is another milestone in KONE India’s commitment to delivering high quality products and services to their customers across the country.
The company is proud to be associated with institutions such as The Oberoi Udaivilas, The Leela Palace, Indian Institute of Management, Celebration Mall, and Geetanjali Hospital in Udaipur. Many existing and upcoming projects will be managed from the new office. Strategically located at Sobhagpura, Udaipur this office is expected to cater to the growing demand for elevator and escalator solutions in Rajasthan. The office would also be an exhibition center for elevator design, features & technology. KONE India’s locally based Sales, Installation and Service teams will be dedicatedly working for customers in Udaipur, Rajsmand, and Chittorgarh.
At the office launch, Amit Gossain, Managing Director, of KONE India and South Asia, said, “We are excited to establish one of our network offices in Udaipur- a fast-growing city offering great prospects for our business. We believe this expansion will open many doors towards innovation and help contribute to the development of Udaipur and improve the livelihood of the citizens. We would also like to extend our heartfelt gratitude to Maharaj Kumar Sahib Lakshyaraj Singh Ji Mewar of Udaipur, for gracing us with his presence at the inauguration and lending his support and trust to KONE India.”
With a strong network of offices in major cities, KONE India aims to meet the diverse needs of customers in various sectors- including residential, commercial, and industrial.
Sustainability is at the core of their operations, and KONE India is committed to delivering cutting-edge technology and outstanding performance. The company’s focus on research and development ensures that its products and services remain at the forefront of the industry and well aligned with the evolving demands of the customers.
SAMIR SURLAKER CONFERRED LIFETIME ACHIEVEMENT AWARD
In a glittering function attended by over 400 professionals and ethical Waterproofers, on the sidelines of the National Waterproofers Conference 2024 (NWC 2024), Samir Surlaker, Director, Assess Build Chem Private Limited, was honoured by the Waterproofers Association of India (WAI) by conferring him with the most coveted “Lifetime Achievement Award” at Le Meridien Gurgaon, on 26th September 2024.
This award was presented to Surlaker for his contributions to the fields of Concrete Technology, Construction Chemicals and above all to Waterproofing, Repair and Rehabilitation. The citation to his award further states; “As a mentor to hundreds of waterproofing professionals, Surlaker has shared his vast knowledge and experience, inspiring many to reach new heights in their careers. His leadership and vision have guided the industry toward adopting modern, effective solutions for waterproofing challenges.”
Samir Surlaker is a Civil and Structural Engineer from VJTI with over 45 years of international experience in Concrete, Construction Chemicals, Concrete Repair & Protection, Injection Systems, Waterproofing, etc. across Europe, Asia & India. Mr. Surlaker pioneered the cause of Manufacturing of Construction Chemicals in India, with a German JV in the mid 1980s.
He co-authored Handbook of Advanced Concrete Technology, ICI Handbooks on admixtures, waterproofing and industrial floorings. He is member of the Bureau of Indian Standards (BIS) and the IRC B-8 Committee for Repairs and Rehabilitation of Bridges. He is the chairman of CIDC Codes Committee for Waterproofing, Repairs and Rehabilitation.
In addition to this award, Er. Samir Surlaker, was earlier conferred the prestigious CIDC Vishwakarma Award in the Category of “Industry Doyen”, as recognition of his 45 years of service in Construction Chemicals (CC) Industry. He received several awards including, the ACCE Gourav Award, Outstanding Contribution to Concrete Technology Award, 2005 (ICI), and ICI Outstanding Concrete Engineer Award amongst many others.
Assess Build Chem Private Limited is a reputed Manufacturer of over 200 Construction Chemicals and is known for its State-of-the-art technology and providing technical solutions to professionals. Waterproofing and Repair Professionals are trained by Institute of International Talent Development (IITD) and certified by Construction Industry Development Council (CIDC) under the aegis of National Skill Development Council. Mr. Sunny Surlaker, Director of Assess Build Chem Private Limited and IITD designs courses beneficial to professional waterproofers and personnel connected to the Construction Chemicals. The trainers are certified by CIDC including International Trainers for Advanced Training in Injection Technology.
IndoSpace commits to increasing investments upto 4500 crores in Tamil Nadu over the next three years as it looks to bolster its presence in the manufacturing sector
IndoSpace, India’s largest investor, developer, and operator of Grade A industrial and logistics real estate, today announced plans to increase its investments up to 4,500 crore in new logistics and warehouse parks in Tamil Nadu. Following an 2000 crores MOU with the Tamil Nadu government last year, this new announcement highlights the firm’s dedication to both the state and the Make in India initiative. These parks will support the growing manufacturing sectors like automobile and electronics in the state.
Significantly, this investment is expected to create 8000 + new jobs, accelerating economic growth and enhancing the state’s already credible industrial infrastructure.
Tamil Nadu continues to be a preferred destination for global Original Equipment Manufacturers (OEMs), with companies like Hyundai, Nissan, Foxconn, and Pegatron announcing significant expansions in the state. IndoSpace has helped in developing an ancillary ecosystem that supports these OEMs, facilitating seamless supply chain operations and enabling faster industrial growth. The company’s strategic parks, located across key industrial zones, have provided state-of-the-art infrastructure to industries, contributing significantly to Tamil Nadu’s growing prominence as a global manufacturing hub.
IndoSpace’s presence in Tamil Nadu: With a portfolio comprising 15 Grade A parks, IndoSpace has developed over 8.8 million square feet of completed infrastructure, with an additional 2 million square feet under construction and 4.6 million square feet planned for future development. These parks are spread across 649 acres of land and serve 66 unique tenants from a variety of sectors, including automotive, electronics, logistics, and engineering. IndoSpace’s total equity committed to the state as on date stands at USD 380 million, and the facilities offer a potential chargeable area of 15.4 million square feet, reinforcing IndoSpace’s strong presence in Tamil Nadu’s industrial ecosystem.
IndoSpace industrial and logistics park have supported Tamil Nadu’s ‘Make in India’ and ‘Make in Tamil Nadu’ initiatives through Plug-n-Play manufacturing solutions. These customizable, ready-to-use facilities have enabled businesses to set up operations quickly, thereby reducing time to market and enhancing manufacturing efficiency.
“Tamil Nadu’s industrial landscape has seen remarkable growth, and IndoSpace is proud to have played a key role in this transformation. Our ongoing investments, including a recently signed MoU with the Tamil Nadu Government, demonstrate our strong belief in the state’s potential as a global manufacturing powerhouse. Through innovative infrastructure solutions such as Plug n Play manufacturing facilities and customized industrial spaces, we are helping businesses thrive while also driving the state’s economic development. IndoSpace remains fully committed to supporting Tamil Nadu’s and thereby the larger national vision for industrial advancement and job creation,” said Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group.
Excentia Infra to Invest 650 Cr in an Uber-Luxury Project Tatva in Dehradun
Leading real estate developer Excentia Infra has launched Dehradun’s first uber-luxury residential project, Excentia Tatva, in the serene surroundings of Rajpur Road, Dehradun. The project will spread across 5 acres and feature exclusive low-density development with only 307 ultra-luxury units. The company plans to invest 650 crores in this premium project for which it has already received RERA approval.
Excentia Tatva will be Dehradun’s first IGBC Certified Gold-Rated green residential complex, offering a sustainable living environment in a low AQI zone. The project will be strategically located in close proximity to landmarks like Max Super Speciality Hospital and Taj Hotel.
“At Tatva we seek to offer a rare living experience in Dehradun, a city known for its lush forestry and natural beauty. It will combine luxury and sustainability in a way that reflects our vision for the future of residential real estate. This is an incredible opportunity for homebuyers looking for a luxurious, eco-friendly residence in a prime location like Rajpur Road,” says Manit Sethi, Director, Excentia Infra.
Tatva offers 3 & 4 BHK units ranging from 2000 sq ft to 4600 sq ft. with a starting price of about 2.9 crore. The project will feature world-class amenities such as a five star clubhouse, cascade pool, terrace facilities, a multi-cuisine restaurant, an infinity lap pool, a luxury spa, and a historic tree courtyard centred around a 200-year-old tree.
Tatva’s launch is a precursor to Excentia Infra’s broader expansion strategy, which includes several high-profile developments across Noida, Kota, and Dehradun. With over 38 years of experience, Excentia Infra has completed several residential and retail spaces and is currently developing 3.5 million sq ft across multiple projects.
Nemetschek Teams Up with ImageGrafix to Expand AEC Software Reach in India
Nemetschek Group, a global leader in Architecture, Engineering, and Construction (AEC) software solutions, today announced a strategic partnership with ImageGrafix Software Solutions, one of India’s leading technology solutions providers. The alliance is designed to expand Nemetschek’s presence in India’s rapidly growing AEC industry, promoting a range of innovative software solutions enhancing efficiency, boosting sustainability, and accelerating digital transformation.This partnership will leverage ImageGrafix’s deep expertise of India, while facilitating Nemetschek to deliver its comprehensive suite of cutting-edge software solutions to AEC industry professionals across the nation. The tools would empower architects, engineers, and the construction workforce to respond to the increasing demand for digital adoption and practices from the fast-growing Indian urban landscape.
Nirmalya Chatterjee, Country VP, Nemetschek Group – Indian Subcontinent, commenting on the alliance, said, “We are excited to collaborate with ImageGrafix Software Solutions as we transform the Indian AEC sector. With India’s infrastructure boom in full swing, our cutting-edge software can significantly impact how projects are conceptualised, designed, and executed. By leveraging ImageGrafix’s deep-rooted local expertise and Nemetschek’s advanced technological solutions, we’ll create innovative offerings tailored to the specific needs of specialized sectors like Oil & Gas, Plant & Processing, and large civil infrastructures. Together, we’re committed to driving more sustainable and high-quality projects that shape India’s future.”
Currently, investments in India’s AEC industry have been going up with some upward traction, particularly with regards to the sectors of urban infrastructure, smart cities, and commercial real estate; the market size would cross $1 trillion by 2026, growing at 7.1% annually. To this end, the Nemetschek-ImageGrafix collaboration will help capitalize on this momentum through best-of-breed software tools there to deliver productivity gains through streamlined project management and sustainability.
Venkat S, Director of ImageGrafix Software Solutions concurred with the same, “We are more than happy to partner with Nemetschek Group as their solutions do strongly align with the emerging needs of the AEC industry of India. We are collectively looking forward towards helping Indian companies catering specific to oil & gas, civil infrastructure and continuous processing industries to include international standards in construction and design as India takes its step towards BIM technologies.”
It will bring together the local market expertise of ImageGrafix and the technical know-how of Nemetschek, thereby catalysing change in the industry towards an Indian digitalisation, project execution, and sustainability model.
Manideep Saha, GM & Head of Channel Sales, Nemetschek Group – Indian Subcontinent reiterated that “We are very excited about our partnership with ImageGrafix. Together we will significantly empower Indian infrastructure industry, especially in the Construction, Oil & Gas, Plant & Process and Large Civil Infrastructure sectors, with the tools they need to compete on a global scale. By combining Nemetschek’s cutting-edge technology with ImageGrafix’s deep domain expertise in these sectors, we aim to provide comprehensive solutions that address the unique challenges and opportunities of these sectors. Our collaboration will drive digital transformation, innovation, efficiency, and sustainability across all sectors”.
Arvind SmartSpaces Expands Bengaluru Portfolio with New High-Rise Development
Arvind SmartSpaces Limited (ASL) announced the acquisition of a new residential apartment project in Bengaluru, featuring a high-rise development situated on ITPL Road near Whitefield. This project is expected to generate a top-line potential of approximately 600 crore. Spanning 2.9 acres, the new development will offer a saleable area of 4.2 lakh square feet, marking ASL’s 12th overall project and its 8th high-rise venture in Bengaluru. The project will be executed on a joint development basis. This acquisition follows ASL’s recent signing of the Bannerghatta high-rise project in FY24. With this addition, the company’s cumulative new business development top-line potential for the year has now reached 1,010 crore. Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, expressed confidence in the real estate market, noting that the company is on track to expand its project portfolio across Ahmedabad, Bengaluru, and the Mumbai Metropolitan Region (MMR). The ITPL Road location provides convenient access to IT hubs, social infrastructure, and transportation links, including a nearby metro station, enhancing its appeal to potential residents.
KBC Global Unveils New Real Estate Project in Nashik
KBC Global, a prominent construction and real estate firm, has launched a new residential project in Nashik that features six commercial units and twenty-two residential units. This initiative underscores KBC Global’s commitment to enhancing local infrastructure and supporting the community.
Since April, the company has successfully handed over possession of over 135 residential and commercial units in Nashik. In addition, KBC Global, through its subsidiary KBC International, has signed a Memorandum of Understanding (MoU) with the Liberia Special Economic Zone Authority, marking a significant step in its international expansion.
The new project in Liberia aims to provide residential complexes, low-cost housing, and commercial spaces within the Special Economic Zone. Construction is set to commence in the second quarter of 2025, with an expected completion date within three years. In June, KBC Global secured a $20 million civil engineering contract with CRJE (East Africa), a subsidiary of the China Railway Construction Group. Additionally, in September, the company fulfilled key payment obligations to Capri Global Capital, securing a waiver on non-financial penal interest, which has reduced its outstanding balance with Capri to 3.50 crore.
Interarch Building Products Limited acquires 51,926 sq. mts. of land in Gujarat, for its new manufacturing facility
Interarch Building Products Limited, a leading player in the Pre-Engineered Building (PEB) Industry, recently announced the acquisition of 51,926 sq. mts. of land in Gujarat.
The land has been procured at an investment of 7 crore. This strategic move is part of the company’s long-term vision to expand its national footprint and meet the increasing demand for high-quality Pre-engineered buildings across the country.
The recently acquired land in Gujarat will boost the company’s utilizable capacity, allowing it to meet the increasing demands of its discerning customers.
This strategic investment underscores the company’s commitment to enhancing its supply chain capabilities in Western India while ensuring it remains close to its customers for exceptional service. Moreover, Western India, particularly Gujarat, is emerging as a hub for new-age industries such as semiconductors, data centers, renewable energy etc. Interarch is poised to capitalize on these opportunities.
Interarch has successfully executed several large projects in Gujarat for customers like Asian Paints, Timken, Micron (through Tata Projects Limited), Asahi Glass, MG Motors, and many more.
Commenting on the development, Arvind Nanda, Managing Director, Interarch Building Products Ltd. said, “This land acquisition in Gujarat is a significant milestone for us as we continue to expand our operational base across India. With this investment, we aim to boost our production capabilities and cater to the rising demand for high-quality pre-engineered building solutions in key markets. Our endeavour has always been to provide customer delight, and this is a significant step in that direction”
The company currently has four fully integrated state-of-the-art manufacturing facilities: One in Athivaram, Andhra Pradesh, One in Sriperumbudur, Tamil Nadu; One in Pantnagar, Uttarakhand; and One in Kichha, Uttarakhand.
Metro Group to Invest 3,500 Cr, Impetus on Luxury Projects
Metro Group, a leading name in MMR real estate, is set to make a landmark investment of over 3,500 crore in the emerging micro-markets of Thane and the Kalyan-Shil Corridor. For 2024, Metro Group has allocated 1,000 crore towards Thane, emphasizing both Uber Luxury Residential and High-End Commercial spaces. This includes a significant 200 crore investment in a celebrity-inspired limited-edition tower.
Over the next three years, the company plans to launch 12 projects, encompassing new projects and additions to existing developments, covering a total of 6.6 million square feet with a projected revenue potential of 9,860 crore.
In Thane, Metro Group will focus on Uber Luxury and Commercial spaces. This includes over 3 million square feet of luxury residential projects and 1 million square feet of commercial space, with an estimated revenue potential of 5,000-6,000 crore. In contrast, the Kalyan-Shil Corridor will see an emphasis on affordable luxury, with 2.6 million square feet of residential space planned, targeting a revenue potential of 3,000-4,000 crore.
Mahesh Gala, Director of Metro Group, highlighted the company’s ambitious vision for these micro-markets. “We envision Thane evolving into India’s First 15-Minute City, where all aspects of life—work, home, play, education, shopping, and health—are within a 15-minute reach. Similarly, the Kalyan-Shil Corridor is poised to become the Next Mumbai, with 30-minute connectivity to major financial and industrial centers, creating a vibrant market for aspirational semi-affordable housing. As a responsible real estate developer, we see huge potential in the range of the products that we are already offering.”
“However, there will be a difference in our approach as we prioritize sustainability and community wellbeing as the prime focus of our development. Gala emphasized, “We are dedicated to crafting luxury spaces that embody sophistication while integrating eco-friendly practices. Our upcoming projects will feature certified construction tags with a five-year leak-proof guarantee, also in some of our projects, we will be offering live construction access for home buyers. In one of our Thane projects, we plan to introduce India’s first carbon-neutral interiors using zero chemical and toxic materials.” he added.
Gala said that the funding for the forthcoming investment to the tune of 3500 crore, will be derived from a blend of equity, working capital, and customer advances. With an eye on the future, the company plans to complete these developments before 2027, with a substantial 70 per cent of the projects dedicated to Uber 3 & 4 BHK luxury homes in the ticket sizes of 2 crore to 5 crore in Thane.
The remaining 30 per cent of the development will be on commercial, semi-luxury, and high-end retail spaces. The company’s diverse portfolio includes greenfield developments, society redevelopment projects, and potential SRA redevelopment in Thane and Kalyan. With an existing investment of 500 crore and plans for an additional 3,500 crore over the next five years, Metro Group aims to reshape the MMR real estate landscape. Their presence extends to other emerging markets like Kalyan, Dombivli, Navi Mumbai, Palghar, and Vasai, addressing a broad spectrum of housing needs.
Agami Realty’s CEO Prashant Khandelwal Appointed as President of CREDAI-MCHI: Palghar-Boisar Chapter
In a significant development for the real estate industry in the Palghar region, Agami Realty’s CEO, Prashant Khandelwal, has been appointed as the new President of CREDAI-MCHI’s Palghar-Boisar Chapter. This strategic appointment, announced by the chapter’s executive board, highlights Mr. Khandelwal’s commitment and expertise in driving sustainable growth and development in the region. He will succeed Dinesh Dube, ushering in a new phase of leadership.
The official handover was marked by a ‘Change of Guard’ ceremony, featuring renowned architect Reza Kabul as the Chief Guest. The event also saw the participation of esteemed industry leaders such as Chitranjan Kaushik (CEO, Ecofrist), Boman Irani (President, CREDAI National), Dominic Romell (President, CREDAI-MCHI), and Dhawal Ajmera (Secretary, CREDAI-MCHI).
Prashant Khandelwal, CEO of Agami Realty and President of CREDAI-MCHI: Palghar-Boisar Chapter, said: “It is a tremendous honor to be entrusted with this responsibility at such a crucial time for the real estate sector in Palghar-Boisar. The region holds immense potential for growth, and my vision is to build on the strong foundation laid by my predecessors. I aim to promote sustainable practices, improve collaboration among developers, and work closely with the government bodies and other stakeholders to create a thriving real estate environment.”
He further added, “By leveraging innovative strategies and focusing on community-driven growth, we aim to launch new initiatives that not only boost the local economy but also enhance the quality of life for residents. I am confident that together we can drive positive transformation and establish Palghar-Boisar as a benchmark for sustainable and inclusive real estate development. I am excited to lead this chapter into a new era of growth and innovation.”
“It was an honor to be a part of the ‘Change of Guard’ ceremony and witness this pivotal transition of leadership at CREDAI-MCHI’s Palghar-Boisar Chapter. With Prashant Khandelwal at the helm, I am confident that the chapter will continue to drive innovation, sustainable development, and growth in the region. His vision and commitment will undoubtedly strengthen the real estate sector here, and I look forward to seeing the positive impact this leadership change will bring to Palghar-Boisar,” said Architect Reza Kabul who was present as the Chief Guest.
Under Khandelwal’s leadership, the Palghar-Boisar Chapter is expected to continue fostering sustainable development, enhancing partnerships with key stakeholders, and introducing initiatives that support the growth of the local real estate market. His experience at the helm of Agami Realty, combined with his passion for transforming the real estate landscape, will play a crucial role in achieving these goals.
Nuvoco Vistas secures key limestone blocks at competitive rates strengthening its operational efficiency in Rajasthan
Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group, has been declared the preferred bidder for three significant limestone blocks (NB-01, NB-02, NB-03) located at Nimbol, Tehsil Jaitaran, District Beawar, Rajasthan, during the recently concluded auctions held by the Government of Rajasthan. These auctions were conducted via the MSTC e-auction portal. The auction saw participation from major cement players and other industries. The blocks cover 41.37 hectares, have limestone resources estimated at 28.43 million tons, and are located near our cement manufacturing facility in Nimbol, Rajasthan, which provides a strategic advantage. Furthermore, these blocks were secured at a highly competitive price compared to other cement players. By having access to these deposits, the company can ensure the long-term sustainability of its operations through increased limestone availability.
Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., commented, “By acquiring these limestone blocks, the Company ensures access to high-quality resources to strengthen its operations. This strategic move will boost our production capabilities, allowing us to more effectively meet the increasing demands of the cement industry. It reinforces our commitment to maintaining our position as a leading building materials company while driving excellence and sustained growth.”
