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Ticker Tape January 2024

Ticker Tape Construction January 2024

CCMA Spectacularly Executes 4th International Suppliers Conference 2023 on “Construction Chemicals for the Next Gen”
Construction Chemical Manufacturers Association (CCMA) organized 4th International Suppliers Conference 2023 on “Construction Chemicals for the Next Gen” on 4th and 5th December, 2023 at Taj Vivanta, Navi Mumbai, India.
Focused on the next-gen raw materials for construction chemical industry, specialty additives, smart & sustainable manufacturing technologies and equipment, green and lean packaging materials and state of the art application equipment, this two-day event brought around 250 participants from manufacturing companies and suppliers of construction chemicals from different parts of the country and abroad where distinguished technocrats and erudite academicians from the civil engineering, construction chemicals fraternity and the dynamic construction industry convened.
The honourable Chief Guest was Dr. P. R. Swarup, Director General, Construction Industry Development Council (CIDC).
Himanshu Kapadia, President, CCMA, and Chief Business Officer, Pidilite Industries Limited, highlighted that “Construction Industry has greatly benefitted from adaptation and advancement in construction chemical technologies that have enabled faster construction and optimisation of resources”. He further stressed the need for accelerating the usage of sustainable technologies with further enhancement in performance and efficiency.
The conference culminated with a panel discussion on “Construction Chemicals: Sustainability, Performance and Economy – Strategies to Maximize Output” chaired by Mr. Kartheck Pandiyan, General Secretary, CCMA and Director, Southern Chemicals India Pvt Ltd. where the industry leaders shared their views on the topic followed by a very interactive question and answer session. The CCMA decided to prepare standard specifications which will help users in selecting and testing appropriate construction chemicals and prepare white paper on reflective roof coatings and other sustainable technologies.
This conference provided a great platform for like-minded stakeholders to interact, learn and exchange ideas and disseminate further knowledge on the topic. Attendees gained valuable insights into the market potential for Construction Chemicals, Sustainability, Performance and many more. The participants also shared their expectation and willingness to associate with CCMA and contribute in a more meaningful manner.

Shraddha Prime Projects Ltd launches ‘SHRADDHA PARADISE’, redevelopment project in Borivali West
Shraddha Prime Projects Limited one of the largest redevelopments in western suburbs – Borivali West, having carpet area for sale over 1,48,000 square feet with a potential to generate revenue of Rs 400 crores in next 3 years.
The company is redeveloping a sprawling residential project in one of the prime locations of Borivali West.
Commenting on this development, Sudhir B. Mehta, Managing Director said, “We are focused to enter and expand development in western suburbs of Mumbai. Borivali has been the new hub and epicentre of development with huge demand for residential flats. The acquisition of this project in Borivali is a big achievement for the company. The land parcel of this redevelopment project sprawls to over 2 acres and is set to touch the new skyline of Borivali West. The project is named as “SHRADDHA PARADISE” and full Intimation of Disapproval (IOD) has been taken for the project along with Plinth Commencement Certificate. This landmark project has the potential to develop 1,48,000 square feet of sale area and is expected to generate potential revenues of over Rs 400 crores in the coming 3 years. The work has commenced on site and the completion of plinth work is in process. We have launched the project for sale and bookings have commenced. This project is set to achieve a new jewel in the crown of Shraddha Prime Projects Limited and will strengthen our financial performance over the coming quarters.”

Brigade Enterprises launches Brigade Sanctuary
Brigade Enterprises has launched Brigade Sanctuary, a residential project designed to seamlessly integrate contemporary living with the serenity of natural surroundings. Spread across 14 acres on the Whitefield-Sarjapur Road, Brigade Sanctuary is a joint development comprising 1275 units with 1, 3 & 4 bedroom homes and has a gross revenue potential of Rs 2,000 cr. The total development area will be around 2 million sq. ft.
Strategically located with convenient access to Sarjapur, Varthur, Whitefield, and the outer ring road, the development is designed with meticulous attention to comfort, functionality, and aesthetics. The project is uniquely situated amidst renowned international educational institutions and is in close proximity to the upcoming Dommasandra metro station.
Pavitra Shankar, MD, Brigade Group, said, “There has been a notable surge in demand for premium residences in Bengaluru. The appeal of homes and community living has risen significantly, especially among millennials. Brigade Sanctuary with its innovative design, commitment to sustainability, and a host of amenities,
promises a living experience that blends the comforts of contemporary living with the tranquility of natural surroundings.”
Brigade Group is committed to retaining over 500 trees within the project, preserving the natural beauty of the landscape. The project will have over 80% of open spaces, provide a diverse range of recreational and wellness options for residents including a 32,000 sqft clubhouse, and over 35 modern amenities catering to residents of all age groups. Embracing nature, the development includes a wooded Area, orchard, hammock garden, outdoor camping site, aromatic garden, and a rainwater harvesting pond. The RERA date for completion is December 2028.

India’s construction sector levels up as housing demand spurs economy
If India needed any more proof that it was in the midst of a huge housing boom, it got in this week’s GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed.
That helped India expand at a forecast-beating 7.6%, making it one of the world’s fastest-growing major economies. In contrast, Western economies have been squeezed by high interest rates and energy prices, while China has been hobbled by a debt crisis in its property sector. The long-awaited boom – which has created millions of jobs – comes after about six years of debt and pandemic-induced downturn before the construction sector began improving last year and hitting its stride this year. It has been driven by rising incomes for many Indians, a severe housing shortage in big cities and strong population growth.
The world’s most populous nation had an urban housing shortage of around 19 million units last year – and that is expected to double by 2030, according to government estimates.
“The robust growth in construction has significantly contributed to the economic growth – and is likely to play the same role in next couple of quarters,” said Sunil Sinha, an economist at India Ratings and Research, an arm of rating agency Fitch.
Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic.
“The housing market could continue to perform well for another three to four years,” Sanjeev Jain, Managing Director at Parsvnath Developers, a leading real estate company, noting that India is in the initial stages of a housing growth cycle.
Home sales in India’s seven largest cities, including Mumbai, New Delhi and Bangalore, rocketed 36% in the July-September quarter from a year earlier to more than 112,000 units, despite an 8%-18% increase in prices, according to real estate consultancy Anarock.
There was also a 24% increase in new residential projects being launched, data from the consultancy showed. “The home sales are driven by first-time buyers, and nearly 80% of the houses have been bought by end users,” said Prashant Thakur, head of research at Anarock, adding that there was also strong demand from existing home owners to move to more spacious apartments.
In Mumbai, for example, demand has been strong despite an increase in interest rates of about two percentage points, according to Jayesh Rathod, director of Mumbai-based Guardian Real Estate Advisory. His company has sold over 5,500 flats in Mumbai and on its outskirts in Thane so far this year, a jump of more than 50% compared to the same period a year ago, he said.
Underpinning demand has been salary hikes for workers in big cities. Average hikes for sectors such as e-commerce, healthcare, retail and logistics have remained above 10% for a second straight year, according to EY estimates.
Home prices in India are expected to rise faster than consumer inflation next year, according to a Reuters poll, with property analysts saying growth will be driven by higher earners snapping up newly built luxury residences in cities.

Yamuna expressway real estate skyrockets by 48% in a single year
The Yamuna Expressway region is unfolding as a dynamic and promising real estate destination, urging investors to seize the opportunities within this futuristic landscape. Upcoming projects and the promise of lucrative returns are shaping the region into a coveted hub for real estate development. As the real estate market evolves, investors are turning their attention to the promising opportunities presented by the Yamuna Expressway location. Renowned for its strategic positioning and robust infrastructure, the Yamuna Expressway corridor has become a hotspot for real estate investment. The Yamuna Expressway property market caters to both affordable and luxury property seekers, evident in the diverse price range of properties it presents. Targeting the mid-segment of property buyers, several properties at Yamuna Expressway are priced between Rs 45 lakh to Rs 90 lakh, while luxury segment prices soar to Rs 2.25 crore. The region boasts investment growth of over 63.9% in the last five years, with some real estate projects witnessing high growth as much as 48% in just one year. Investors are flocking to this location, drawn by the region’s strategic development initiatives, growing economic influence, and increasing demand for real estate. At the forefront of this growth is the anticipated game-changer – the upcoming Noida International Airport at Jewar, poised to be Asia’s largest airport. The confluence of transformative developments and the vision of a thriving future position the region as a prime choice for those seeking dynamic real estate opportunities. Situated in close proximity to Delhi-NCR, the Yamuna Expressway offers unparalleled connectivity, making it an ideal location for real estate development and investment. Its strategic placement ensures seamless access to key business hubs, educational institutions, and healthcare facilities.
From residential complexes to commercial spaces and industrial zones, the Yamuna Expressway corridor presents diverse investment opportunities for both first-time and seasoned real estate investors. The ongoing infrastructure developments, including world-class roads, transportation facilities, and smart city initiatives, enhance the region’s investment appeal, instilling confidence in its potential for long-term growth and value appreciation.The Yamuna Expressway is rapidly transforming into an economic hub, attracting major industries and fostering job opportunities. This economic vibrancy significantly contributes to the demand for residential, commercial, and industrial spaces, creating a lucrative environment for real estate investors.
The government’s proactive policies and incentives further bolster the investment potential of Yamuna Expressway. Investors can take advantage of favourable conditions, including tax benefits and streamlined approval processes, making it an attractive destination for those seeking a secure and rewarding investment. Even the analysts predict a continued positive trend in property appreciation in the coming years. As the infrastructure matures and economic activities flourish, the Yamuna Expressway is poised to provide investors with substantial returns on their real estate investments.
In a pivotal development for the Yamuna Expressway corridor, Ace Group, a revered name in real estate, is set to make a profound impact with its highly anticipated upcoming project.

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