Construction News

Kots Unveils Expansion Plans for 1 Million Square Feet, 14 New Projects, and Innovative Tenant Services

Kots, a leading residential leasing company revolutionising the rental home experience in Bangalore, is poised for substantial growth in 2024. With plans to introduce both furnished and unfurnished options in the studio, 1BHK, and 2BHK units across all micro-markets of Bangalore, the brand aims to double its inventory to an impressive milestone of 1 million square feet this year.

Embracing a digital-first strategy, the startup aims to lead India’s D2C rental housing market by leveraging technology to enhance customer experiences and streamline operations. This strategic shift is projected to drive Kots’ revenue growth by an astounding 100% year-on-year. To further enhance the tenant experience, Kots will introduce a curated marketplace featuring subscription services such as food delivery, vehicle wash, and EV charging. Concurrently, the company is strategically expanding its market presence with plans to launch 14 projects in high-growth real estate hubs like Bangalore Airport and IT corridors. Leveraging hyperlocal discovery phenomena through platforms like Instagram, Kots aims to penetrate new demographics while attracting top-tier talent through targeted content and educational initiatives, solidifying its position as a market leader and employer of choice in the real estate sector. Commenting on this, Vijeth Reddy, Co-Founder & CEO, Kots, said “In an era of transformative change, Kots remains dedicated to revolutionising the rental housing sector.

Prescon Group and House of Hiranandani unveils a new project ‘Belicia’ at Thane

Prescon Group, a renowned name in the real estate sector with a significant national presence, in collaboration with the esteemed House of Hiranandani, has unveiled ‘Belicia’, a new luxury residential project in Thane.

This grand 48-storey tower spans 1.5 acres and is set to redefine luxury and elegant living in the region. With a RERA possession date slated for June 2028, ‘Belicia’ promises to be Thane’s new beacon of luxury.

The project is just a stone’s throw away from the Nitin Company Junction and is situated on the prestigious Nitin Company Compound; a posh residential area considered as the Malabar Hill of Thane. Nitin Company is a historical landmark and the Company, Nitin Castings Limited, has been a significant contributor to Thane’s development story. The proposed project, namely Belicia, floated by Prescon Group (The real estate arm of Nitin Castings) and House of Hiranandani, abounds with all the ease and conveniences one could ask for.

Elevate your space with Alstone's classy range of Ventilated Fin Louvers

Alstone, a pioneer in the Aluminium façade industry, has made a significant impact with its new range of Ventilated Fin Louvers. Adding a personal touch and a sprinkle of sophistication to homes or offices, these louvers allow fresh air to enter the building and improve indoor air quality while also blocking direct sunlight and glare by providing adept shade.

While regular louvers have a streamlined look, Alstone Ventilated Fin Louvers have a more classic louver style with visible slats, providing a traditional aesthetic. The fins on the outside of the fin louvers help guide the wind over the hidden slats inside, allowing for more airflow compared to normal louvers. This increased airflow maximizes ventilation and improves air quality in any space. Another specialty of this range of louvers is that it reduces reliance on mechanical ventilation systems, which enhances energy efficiency while enhancing aesthetics. Mr. Sumit Gupta, Managing Director, Alstone Manufacturing Pvt. Limited said, “Our exclusive Ventilated Fin Louvers not only enhance airflow and aesthetics but also offer long-term durability. An ideal choice for modern buildings, they offer a distinct design that stands out from regular louvers, taking our commitment to innovation and customer satisfaction to new heights.”

CtrlS Unveils Upcoming Chennai Hyperscale Datacenter Park

CtrlS Datacenters Ltd, Asia’s largest Rated-4 datacenter operator, has unveiled their upcoming datacenter park in Chennai – their fifth hyperscale DC campus in India following Mumbai, Hyderabad, Noida and Bangalore.
CtrlS Datacenters will invest Rs 4,000 crore in the Chennai Datacenter Park, across phases. The company is expected to create about 500 direct jobs and over 9,000 indirect jobs.

Located in the Ambattur industrial area, the campus will include two datacenter buildings with a combined built-up area of almost 1 million square feet, and 72 MW IT load capacity.
The first datacenter building (Chennai DC 1) is fully booked, and will begin operations in Q2 2024. The second datacenter building (Chennai DC 2) is slated to be launched in the second half of 2024 – and is presently accepting bookings. Chennai DC 2 is a Ground + 10 floor structure, with an IT load of 27 MW.
The CtrlS Chennai DC Campus boasts of some advanced features such as:

• State-of-the-art 230 kV on-campus gas-insulated substation (GIS)
• AI-Ready with advanced cooling technologies
• Earthquake resistant – Structurally designed to withstand earthquakes up to a magnitude of 7.5 on the Richter scale
• Flood-proof – Positioned 14 meters above sea level. The DC buildings are further elevated by 2.2 meters, mitigating flood risks.

Sunkind Energy Shines Bright, Set to Energize Solar Infra Boost with 5 Major Rooftop Projects

Sunkind Energy, a pioneer in solar solutions, has secured five solar rooftop projects, paving the way for the growing renewable energy sector. By expanding its presence in commercial and solar installations through these important projects, Sunkind Energy has established itself as a leading player in solar engineering, procurement, and construction (EPC) services, especially in North India

The company has won projects of combined capacity of 10 MW in states like Punjab, Haryana, Rajasthan and Chhattisgarh. With its significant progress in the development of India’s solar energy infrastructure, Sunkind has left indelible green footprints encompassing diverse industries across the country. The company will work on these solar rooftop installation projects for the prestigious industry players such as Cedaar Textiles Private Limited, ABREL Solar Power Limited–subsidiaries of the Aditya Birla Group, Jindal Stainless Limited, Jindal Steel and Power Limited, and SBF Rapid (TMT).

JP Infra sets a new benchmark with homes delivered ~2 years ahead of time at North Garden City, Mumbai

In an increasing trend of achievement in Mumbai’s real estate sector, JP Infra has set a new benchmark by delivering over 2000 fully completed units, well before the deadline in their prestigious gated community North Garden City at Mira Road.

The project, symbolizing the epitome of modern living, has received Occupation Certificate (OC) for two of its prominent projects, Alexa, and Aviva, much before the RERA timelines. Improvising on previously set benchmarks, till date, approximately 6000 units have been delivered, further solidifying JP Infra’s position as one of the fastest growing real estate developers in the industry. Originally scheduled for completion in December 2025 for “Alexa” and December 2026 for “Aviva”, the accelerated completion of these projects demonstrates the group’s focused dedication to delivery, efficiency, and customer happiness. For those who invest their hard-earned money in under construction projects, there can’t be more delight than to see that dream come true much before the promised date.

Nuvoco Vistas Launches Its Second Ready-Mix Plant in Patna

Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group has widened its operational presence with the inauguration of its second state-of-the-art Ready-mix Concrete Plant (RMX) as Patna-II. Situated strategically at Ranipur Milki Chak, Begampur, bypass, this plant marks Nuvoco’s continued commitment for providing top-quality building materials to the Patna region.

Strategically located approximately 24 kilometers from the first plant, Patna-II is positioned as Nuvoco’s regional flagship plant. It capitalizes on untapped market potential by providing quick access to Nuvoco’s Cement Plant in the region. Its proximity to nearby Industrial, Commercial, and Residential developments guarantee high-quality concrete solutions on time. Mr. Prashant Jha, Chief of the Ready-Mix (RMX) Concrete and Modern Building Materials business at Nuvoco Vistas expressed his excitement at the inauguration of this latest plant, stating, “The launch of the Patna-II plant underscores Nuvoco’s dedication to providing innovative solutions to meet the evolving needs of the construction industry in Bihar. This new facility will not only strengthen our presence in the region but also enable us to serve our customers more efficiently.” The Patna-II facility has a capacity of 60 cubic meters per hour and features a Twin Shaft Mixer capable of producing all grades of concrete. This includes Value Added Products (VAPs) under the brands of XCON – Xpert concrete with Nuvoco mixes, CONCRETO visualizing Self-Compacting Smart Concrete, Light Weight Concrete (Structural & Non-structural grades), Fibre Enriched Concrete, High Strength Concrete, Water & Crack Resistant Concrete.

Brigade Group to expand its Residential and Hospitality Portfolios in Chennai

Leading real estate developer Brigade Group, has announced expansion plans in the residential and hospitality sectors in Chennai. The company has signed a joint development agreement with PVP Ventures Limited to develop 2.5 million square feet, high-rise residential project, spread across 16 acres in the bustling neighbourhood of Perambur, Chennai with a revenue potential of about Rs. 2000 Crores. Brigade has also signed a 45-year lease agreement to build a 250-room resort on East Coast Road (ECR), and is in talks with leading hoteliers for management of operations.

“Bengaluru, Chennai, and Hyderabad are key focus markets for Brigade and this strategic expansion in the residential and hospitality sectors are an integral part of the overall growth plan. The residential sector is showing sustained growth across the country, with Chennai gaining momentum from the increased presence of IT/ITeS, BFSI, manufacturing, automotive, and GCC companies in the region.

Hybon Announces 25 Crore R&D Investment in Elevator Sector Witnessing a 20% Hike, Sets Eyes on Global Expansion

Hybon Elevators and Escalators, a leading brand in the Elevator and Lift industry, has announced a strategic investment of 25 Crore INR towards product research and development at its state-of-the-art 75,000-square-foot manufacturing plant in Noida.

Witnessing a surge in demand by 20% in the elevator market, this investment aims to double the company’s production from 900 to 1800 units annually, focusing on enhancing the quality and standards of Hybon’s technology. The company aims to achieve a projected revenue of 200 Cr INR in FY24 -25. Aligning with its vision to establish a global footprint and drive growth, Hybon Elevators and Escalators aims to explore international markets in Russia and Central Asia, while expanding its national presence in key cities such as Dehradun, Jaipur, Lucknow, Hyderabad, and Bangalore.

Godrej Properties to develop township project in Bengaluru

Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has entered into definitive agreements to develop a large township project in North Bengaluru under a profit-sharing model.

Spread across ~62 acres, the land is located in a prime area of North Bengaluru. The project will offer ~ 5.6 million square feet of saleable area comprising primarily premium residential apartments of various configurations. The project will cater to the aspirations of customers who are looking for a high-quality living experience with modern amenities and design with outstanding connectivity. This land parcel is strategically located in one of the most sought-after locations in Bengaluru offering excellent connectivity to the Kempegowda International Airport, upcoming metro station, multiple upcoming residential and commercial developments, Special Economic Zone, and social infrastructure.

GRAFF @ Salone del Mobile.Milano 2024

Envisioning a sanctuary surrounded by angels, award-winning designer Davide Oppizzi has created an evocative, transcendent space, a hallowed place of respite and relaxation, for the booth of luxury bath and kitchen fixture manufacturer GRAFF at Salone del Mobile 2024.

GRAFF’s new Wellness Sanctuary Collections, to be unveiled at Salone, will include a modern rainforest-inspired shower among the exciting new designs.

The booth’s ambience will be that of a natural haven, a soothing retreat, cocooned from the stresses of an overly urbanized world. An elegant, tranquil space of soft, natural colors and gentle curves evoking water, nature, and wellbeing, Oppizzi’s design invites discovery of GRAFF’s new Wellness Sanctuary Collections.

GRAFF President and CEO Ziggy Kulig comments, “Our new Wellness Sanctuary Collections transform the bath space into a luxurious escape, embracing and celebrating natural elements. Our booth at Salone will be an experiential expression of the GRAFF philosophy, which honors nature, water, and wellbeing.”

Sugee Group Marks Successful Completion of homes promised before its scheduled time to 160+ Families at ‘Sugee Atharva’

Sugee Group, one of the leading real estate developers of Mumbai, has marked yet another milestone in its journey by successfully delivering homes well before its scheduled time to 160+ families at its 23-storeyed premium residential development project ‘Sugee Atharva’ located in Dadar West, Mumbai.

As a hallmark of Sugee Group’s commitment to timely delivery for homebuyers, the keys of the residences were handed over to the homebuyers at the hands of ‘Maharashtra Bhushan’ and an ace Actor Shri Ashok Saraf. Celebrated actresses such as Ms. Sonali Bendre and Ms Nivedita Saraf graced the occasion with their glittering presence. Leading Marathi film actors Mr. Siddharth Chandekar and Ms. Mitali Mayekar were also present as anchors of the event. Shri Nishant Deshmukh, Founder and Managing Partner of Sugee Group said, “We are delighted to hand over one more redevelopment project successfully to our prestigious homebuyers well before the completion schedule.

Casagrand launches a very well-connected and masterfully crafted project Casagrand Linore in Kattupakkam, 5 minutes from Porur

Introducing a state of luxury that embodies the perfect fusion of a well-connected location and masterfully crafted homes, Casagrand, one of the leading real estate developers of South India, announced the launch of Casagrand Linore.

Located in a vibrant neighborhood of Kattupakkam, a mere 5-minute drive from Porur, this latest residential marvel promises an unparalleled living experience, offering 275 uber luxurious 2, 3 & 4 BHK apartments with 70+ amenities starting from just Rs. 69 lakhs. Kattupakkam, an emerging hotspot within Chennai, has witnessed significant infrastructural growth and connectivity enhancements, making it a prime destination for homebuyers and investors alike. Casagrand Linore, strategically located in this prime locale, offers easy access to key parts of the city like, Koyembedu, Mogappair, and Arcot Road. Furthermore, the project offers unparalleled connectivity to major IT/ITes hubs such as RMZ, Raheja, ASV, Prestige, DLF, and L&T IT Parks, all within a convenient 8 to 10-minute drive. The upcoming metro station in Kattupakkam, located just 5 minutes from the project, further enhances connectivity, making Casagrand Linore the perfect choice for homebuyers seeking convenience and accessibility. Sprawled across 4.87 acres, Casagrand Linore stands as a testament to luxurious living, with each residence crafted to exude sophistication and style.

ACE YXP stands out as the Best Project to Invest on Yamuna Expressway

The Yamuna Expressway has become a vibrant hub for real estate projects. Its strategic location, infrastructure development, state-of-the-art real estate developments and the availability of international quality projects attract end-users and investors alike to this region.

Leveraging on this encouraging trend, Ace Group has come out with ACE YXP, a most-sought-after commercial and lifestyle destination. Touted as the best commercial project on Yamuna Expressway, ACE YXP stands out offering the best return on investment, convenience, luxury, and unparalleled accessibility. The project enjoys seamless connectivity to the entire Delhi-NCR and is located in close proximity to the upcoming Noida International Airport.

Mumbai Trans Harbour Link, A Game Changer For Real Estate In Panvel

Prime Minister Narendra Modi will inaugurate the Mumbai Trans Harbour Link (MTHL), the country’s longest sea bridge, on January 12, 2024. The 21.8 km long MTHL would cater to 70,000 vehicles daily connecting Sewri at Mumbai to Chirle at Navi Mumbai.

The inauguration of the Mumbai Trans Harbour Link (MTHL) is set to revolutionize the daily commute, slashing the travel time from the current 2 hours to a mere 20 minutes. This remarkable improvement in connectivity is anticipated to fuel a surge in housing demand and a corresponding increase in property values in Panvel region. The MTHL will make reaching Panvel more convenient from Central and South Mumbai than accessing Andheri in the western suburbs or Ghatkopar in the central suburbs, where real estate prices are currently 3 to 4 times higher. With improved connectivity and reduced travel time, home buyers will find it beneficial to buy larger homes here in Panvel and at a much reasonable cost, rather than buying more expensive and smaller homes in the Mumbai suburbs which are already densely populated with inadequate infrastructure and lifestyle.