The collaboration between infrastructure development and outcomes. Well-planned transportation networks, such as highways and metro systems, serve as magnets for investments and businesses. These metro projects not only enhance public markets, thereby stimulating demand in the elevator industry.
The introduction of new metro lines improves accessibility and connectivity within and beyond urban areas, fostering urbanization and economic growth, particularly in Tier II and Tier III cities. Accessibility to airports, highways, and metro stations is crucial for homebuyers and businesses seeking strategic locations.
Impact of metro connectivity on elevator industry
India's metro network is expanding at an unprecedented pace. Currently construction work is in progress on metro rail projects covering 986 km in various cities such as Navi Mumbai, Pune, Kanpur, Agra, Meerut and Surat. The country's metro network boasts of a daily ridership of around 1 crore and has brought about a transformational change.
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ASK PROPERTY FUND, KREEVA, AND SPRE COME TOGETHER For a residential project
ASK Property Fund, Kreeva (the real estate arm of Kanodia Group) and Shapoorji Pallonji Real Estate have announced joint development of a residential project in Sector 46, Gurugram, with a joint initial investment of Rs 270+ cr. Spread across 1.74 acres, the project shall generate top-line revenues exceeding Rs 1,200+ crore over the next five years.
SWREL BAGS GUJARAT SOLAR PV PROJECT Will include O&M
Sterling and Wilson Renewable Energy (SWREL) has received LoI for a new order totaling approx. Rs 1,200 crore in Gujarat.
HOW RICH PEOPLE ARE MAKING THEIR MONEY
Dr Prashant Thakur, regional director & head, research, Anarock Group, highlights some USPs
THE SURGE OF PLOTTED DEVELOPMENT IN REAL ESTATE
Rohit Cariappa, director, sales & CRM, Assetz Property Group, on some trends
BRIGADE CITRINE WILL BE INDIA'S FIRST NET-ZERO RESIDENTIAL DEVELOPMENT
Brigade Group has launched Brigade Citrine, a residential project that sets new benchmarks in sustainable living.
FAR-SIGHTED?
Industry veterans look into the crystal ball and voice their thoughts
TREADING CAREFULLY
Off-the-road tyres are not being taken lightly anymore
IN A LEAGUE OF ITS OWN
bauma ConExpo India 2024 held its own with cutting-edge technologies and innovations
INFRA COMPANIES
In a significant move to alleviate traffic congestion and enhance connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) appointed contractors for key road infrastructure projects in Mumbai and Thane.
Global standards
Glass Wall Systems has been revolutionising the facade industry
