27 February 2020

Table of Contents for Ticker Tapes

Ticker Tape -Construction



As per estimates drawn up by the National Skill Development Corporation (NSDC), India will need a workforce of around 76.5 million for the country’s booming Building, Construction and Real Estate sector from 2013-2022. The demand of skilled employment will be majorly due to demand for affordable housing which is expected to increase to 38 million from 29 million (present) by 2030, rapid growth in IT and financial services into Tier-II and Tier-III cities. Incidentally over the last 5 years, under NSDC, more than 5 million have been skilled and more than 15, 37, 657 placed. The construction sector is one of the largest seasonal employment providers in India next only to agriculture. Of the estimated 15.2 million short duration out-migrants, more than 36.2 per cent are employed in the construction industry alone and more than 80 per cent of the employment in the building and construction sector is minimally skilled workforce.






Omkar Realtors & Developers Private Ltd, (ORDPL), has bagged the mandatory consent of eligible tenants for redeveloping Saibaba Nagar SRA Coop Housing society (proposed), popularly known as the Mahalaxmi Dhobi Ghat project located in Mumbai through its subsidiary Omkar Realtors Projects Pvt Ltd. While the heritage washing area would retain its existing identity, the slums housing approximately 1118 families would be rehabilitated by the ORPPL. The company has successfully rehabilitated more than 40,000 slum dwellers with high quality housing across Mumbai over a short span of 10 years. The century-old Dhobi Ghat also known as world’s largest open-air Laundromat is situated near Mahalaxmi station and the race course. The heritage washing zone is also home to close to 8,000 slum dwellers.






Scania Commercial Vehicles India Pvt Ltd has launched its bus manufacturing facility at Narasapura near Bengaluru. The plant has a current capacity of about 1,000 units per year and will employ 300 people this year. The bus plant is also expected to serve as an export hub for Asia, Middle East and African regions. The company, in October last year, had inaugurated its truck manufacturing unit at the same location. Scania has collectively invested around Rs.300 crore in their truck and bus manufacturing facility. The current yearly capacity of the manufacturing plant is 2,500 trucks and 1,000 buses. Scania aims to double its production capacity by 2,500 units of buses and 5000 units of trucks and will recruit about 800 employees by the end of 2017.






Godrej Properties has unveiled its second residential project at Whitefield in Bengaluru. The project spans across approximately 79,000 sq m
of saleable area and will be developed as a modern residential development. This is Godrej’s eighth project in Bengaluru and second in the Whitefield area. Whitefield is emerging into a self-sustaining commercial and residential locality and involves numerous educational institutions, hospitals, malls and conveniences in close proximity. The plot has high visibility and is well connected to EPIP Zone and ITPL Business Parks.






Realty firm, M3M is looking to develop a new luxury housing project in Gurgaon. The project involving an investment of about Rs.1,000 crore is spread across 13 acre. The project named as M3M Marina is the company’s fifteenth project in Gurgaon and will involve 914 residential units. The timeline for complete project delivery is set as 42 months. The company has fixed the basic selling price (BSP) at Rs.7,500 per sq ft with a 30:70 payment plan. M3M has presently invested more than Rs.3,000 crore on different realty projects and is developing 11 million sq ft of area for its various projects.






India’s cement sector which has for long complained of overcapacities can breathe a sigh of relief with the roads ministry booking close to one lakh ton of cement for 290 contractors for government projects. This has been done vide the portal launched for procuring cement at cheaper rates last month. This follows a decision by the authorities to build concrete cement roads in place of traditional bitumen roads on grounds of cost-effectiveness and low maintenance. It is reported the cement has been ordered at a rate of Rs.120-140 per bag in comparison to the market rate of Rs.350 per bag.






Salarpuria Sattva has launched its latest project, Navaratna Residency, the first and biggest global lifestyle community format housing in Coimbatore. The project comprises over 500 units, in a combination of 2BHK (1240-1340 sq.ft), 3BHK (1640-2149 sq ft) apartments, duplex and pent house spread across 8 towers. The real estate firm aims to bring luxury living into Coimbatore with plush clubhouse facilities which include meeting rooms, banquet Hall, dining areas and lounge, outdoor lawn, gymnasium, swimming pool, Spa, Consulting Room, Yoga Studio, Snooker & Billiards, Cards Room and Library.





Aiming to address the local consumption requirements, Hitachi Automotive Systems India has launched its new manufacturing unit for electrical auto components in Chennai. The Rs.313 crore factory is a part of Hitachi Automotive’s plan to expand its local production business. The unit will be initially producing ignition coils and valve timing control systems. Though the focus primarily is to cater to domestic requirements, the facility will also cater to the international market demands. Brazil, Europe and Asean regions are the export markets that will be catered through the facility.






The Modi led government has decided to put on hold the ambitious plan of developing low cost airports in non metro cities. It is reported of the 50 centres identified by the United Progressive Alliance (UPA) government in 2013, work will now continue only on five low-cost airports which have already been sanctioned. During 2014-15 work has started on five of the proposed airports at Hubbali and Belagavi in Karnataka; Kishangarh in Rajasthan, Jharsuguda in Odisha and Tezu in Arunachal Pradesh. The cost of developing each of these airports was estimated at Rs.100-Rs.150 crore.






Eden Group has unveiled its new residential project Eden Richmond Park in Kolkata. The project involving 300 flats has units ranging in sizes from 844 sq ft to 1318 sq ft. Eden through its new project offers advanced features like 24 hour power backup, generator back up of 600 W for 2 bedroom flats and 800 W for 3 bedroom flats. Considering the security requirements, the project is also equipped with highly advanced CCTV cameras, intercom facility and 24/7 security personnel. Apart from this, to efficiently manage the usage of water resources, the project has underground and overhead storage tanks and borewell facilities.






Indian Green Building Council (IGBC), which is part of the Confederation of Indian Industries, has announced that it has registered over three billion sq ft area of green building projects so far. The body now aims to rope in 10 billion sq ft of green space by 2022. This has further consolidated India’s leadership position as the second country in the world with largest green building footprint after the US.






India’s infrastructure and construction boom driven by the government’s thrust for smart cities will lead to a manifold increase in the demand for construction chemicals leading the industry to catapult from Rs.3500 crore in 2013-14 to Rs.7000 crore by 2018-19, as per a knowledge paper by Tata Strategic Management Group and is expected to grow by 15 percent per annum over the next five years.


The opportunity exists owing to the inability of the domestic industry to keep pace with the demand with two-thirds of construction chemicals being imported. The industry can turn this challenge into an opportunity and the gap bridged by local construction chemicals manufacturers.







Techno India University, Kolkata and Tekla India have signed a Memorandum of Agreement to collaborate in research and development with the goal of increasing the number of local graduates with Building Information Modelling (BIM) skills, and boost the adoption of BIM in construction industry in eastern India. Tekla & Techno India will jointly conduct certification course, which will be available for any engineering students or professionals in the area. Techno India University is a full-fledged university whose programs includes Engineering & Technology.It has decided to include Tekla’ s BIM technology in their curriculum of Structural & Civil engineering Course. Tekla will provide Techno India University, Kolkata with Tekla Structures. The software offers an accurate and information-rich 3D modeling environment that contractors, structural engineers, and steel and concrete detailers and fabricators can share.






VGN Developers Pvt. Ltd. has entered the luxury apartment space with the launch of its Rs.500-crore VGN Presidency project. Spread over 1.5 acre in Chennai the project has 72 three-BHK apartments of around 3500-sft space in 15 floors, including a club house. The company has already received bookings for 15 apartments before the official launch, and is expecting demand from customers in Mumbai and from overseas, including Singapore, Malaysia and the Gulf. The company is also planning to develop a large project in Guindy at the cost of Rs.700 crore. IT is reported the company’s Managing Director Pratish Devados said part of the project financing was from Edelweiss






CHD Developers have announced plans to launch a serviced apartments project CHD Resortico at an investment of Rs.350 crore. The project to come up in the Sohna region in Haryana is spread across 13 acres and we will offer 1,379 serviced apartments in the first phase of development. The project is expected to have high-street retail, club amenities, and a business centre. It is expected to be completed by 2019.


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