How to start a construction company

 

India is one of the fastest-growing economies globally. Some reports suggest India will be the world’s second-largest economy by 2075. Naturally, such growth brings with it the need for a solid, well-developed infrastructural system. Any entrepreneur wondering what to venture into next might want to consider opening a construction company. The Indian construction sector was worth $701.7 billion in 2022 and is set to grow at an average annual rate of more than 6% between 2024 and 2027. 

If you are considering starting your own construction company, here are the steps you need to take. 

1. Market Research and Business Plan – 

Before even considering starting the legal process of starting your construction business, make sure you have a solid plan in place. Research the area where you want your project to be, find out if there is any gap in the market and try to fill it. Plan ahead for any obstacles that may arise. Finalise a budget, short and long-term goals, target audience, and procurement of raw materials. Be well-versed with all the rules and regulations that apply to your market. Know what are the upcoming projects in the area. These plans will prove to be the foundation for your business. 

2. Licenses and Registration – 

As a construction company, getting registered legally is perhaps the most important step. Without this, anything construction could be considered illegal. Under the Companies Act 2013, companies can be registered as public limited, private limited, sole proprietorship, partnership or limited liability partnership with the Ministry of Corporate Affairs (MCA). 

This needs to be followed by Salex Tax and GST Registration along with PWD License, TIN No., and EPF registration. A company bank account also needs to be set up. 

3. Infrastructure and Workforce – 

Construction companies require dedicated offices to plan, strategize and develop new properties as well as display the models for their properties. A corporate office is also required for any registration and legal paperwork that may arise. Also, arrange for transportation services needed to carry raw materials to and from the construction site. 

Also build a strong network of suppliers, contractors, builders, brokers, independent contractors, subcontractors and other such professionals who will support and promote the business. Take care to maintain these relationships long term as they will aid with business expansion. There will also be a need for trained professionals like architects, marketing professionals, etc 

4. Securing Funding – 

A construction company requires a large initial investment. Additionally, petty cash will be needed for the day-to-day activities of the business. To meet these needs, you can opt for business loans. 

5. Getting Insured – 

Construction companies are high-risk, high-reward businesses. To manage these risks, make sure you are properly insured against any calamities. Also, insure your workers to protect them in case of any accidents or disasters. This will drastically reduce the financial risk of running a construction business. 

Even though this sounds easy, please keep in mind that starting and operating your own construction company is a long-term process which will require a great deal of hard work, commitment, and perseverance. For examples of projects by successful construction companies in India, visit – https://www.shapoorjipallonji.com/

Originally Published at - https://realestateandepc.wordpress.com/2023/07/20/how-to-start-a-construction-company/

Top Real Estate companies in Mumbai

It is an undeniable fact that Mumbai’s skyline is unmatched by any other city in India. From the very beginning, infrastructural innovation has powered the heart and soul of the city. 

Here is a list of the top ten Real Estate companies that have made Mumbai the powerhouse it is today. 

1. Shapoorji Pallonji Real Estate – Shapoorji Pallonji Real Estate has committed to providing spaces that have a lasting impact on society. They have a solid belief in the power of engineering to solve problems.

Shapoorji Pallonji Real Estate has developed some of the most recognisable buildings in Mumbai’s skyline, including The Imperial. They also focus on redevelopment projects that promote sustainable living. 

2. Lodha Group – Lodha Group was founded by Mr. Mangal Prabhat Lodha in 1980. They have developed residential and commercial properties in and around Mumbai. Their commitment to quality and global standards has made them international, with properties in London as well. 

Lodha Group has developed some of the most sought-after properties in the city. Some of their most well-known projects include Lodha Altamount, Lodha Park, and Palava, an integrated smart city on the outskirts of Mumbai. 

3. Godrej Properties – Godrej Properties began in 1990 as a subsidiary of Godrej Industries Ltd. It has now grown to become one of the most trusted developers in the country. Godrej Properties has a legacy of excellence and a commitment to innovative design and technology. 

Their notable properties include Godrej Ascend and Godrej Urban Park, among others. 

4. K Raheja Corp – K Raheja Corp has delivered exquisite residential properties, adaptive workspaces, as well as hotels and convention centres all over India. They have built aspirational properties for over four decades. Their portfolio includes Mindspace Business Parks and Commerce. 

K Raheja Corp is also environmentally conscious, committing to construct green buildings since 2007. 

5. Kalpataru Group – Founded in 1969, Kalpataru Group has built its brand on consistency and quality. They have provided families with high-quality, well-thought-out homes for more than 50 years. 

Kalpataru Avenue is an example of the company’s finest commercial properties. Kalpataru Paramount and Kalpataru Elitus are some of their residential offerings. 

6. Oberoi Realty – Oberoi Realty has a wide range of projects ranging from residential buildings and towers to office spaces and even shopping malls. They aim to enhance the lives of their consumers with high-quality living spaces at global standards. 

They have developed over 42 properties across Mumbai including many luxurious high rises in Oberoi Garden City in Goregaon East. 

7. Runwal Realty – Founded in 1978, Runwal Realty strives to provide its customers with their dream homes. With over 10,000 happy families living in Runwal properties, they keep their customers as the focal point in the designing, planning, and construction of all their projects. 

Some of their notable works include Runwal Avenue which boasts residential and commercial spaces.

8. Rustomjee – Rustomjee’s portfolio boasts of two premier townships along with retail spaces, office complexes, and healthcare and educational institutions. They believe in “Better not cheaper” and aim to provide quality spaces for all their customers. 

Rustomjee Crown and Rustomjee Erika are some of the notable residential spaces created by the company. 

9. Hiranandani Developers – The Hiranandani Group was founded by Niranjan and Surendra Hiranandani in 1978 and envisions a new India with self-sufficient townships. They have provided quality living spaces and integrated communities for more than 40 years. 

The Hiranandani Gardens in Powai stand as a shining example of the company’s quality. 

10. JP Infra – JP Infra has revitalised Mumbai by undertaking redevelopment projects in the suburban regions. Through these, they have created sustainable living spaces for their residents. They aim to carry out development while maintaining an ecological balance. 

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Want to know more about where to buy your next home? Visit us at https://shapoorjirealestate.com/

Originally Published at - https://realestateandepc.wordpress.com/2023/07/20/top-real-estate-companies-in-mumbai/

Luxury Residential Projects in Hinjewadi, Pune

 

About Hinjewadi:

Hinjewadi, located in the north-western outskirts of Pune, has emerged as both a prominent employment hub and a residential locality. It is one of the most sought-after residential areas in Pune. 

It is well-connected to other areas of Pune and is served by public transportation, including buses operated by Pune Mahanagar Parivahan Mahamandal Limited (PMPML). The planned metro Line 3 is expected to further improve connectivity within the city. 

Hinjewadi offers a well-rounded, lively social infrastructure, including schools, hospitals, shopping centres, malls, eateries, and banks. Various residential township projects have their own shopping complexes, and there are additional retail options nearby. 

The area is home to the Rajiv Gandhi Infotech Park, which spans three phases and houses major IT/ITeS & BPO companies, as well as automotive and biotechnology firms. All these solidify Hinjewadi’s reputation as a significant job hub in Pune. 

With its convenient connectivity to major areas of the city, planned metro expansion, and availability of amenities such as schools and hospitals, Hinjewadi has become an attractive location for both professionals and residents.

Here is a list of the best luxury residential projects in Hinjewadi. 

Joyville Sensorium

1. Joyville Sensorium

Joyville Sensorium is a luxurious residential tower by Shapoorji Pallonji. It is nestled on the banks of the Mula River and offers stunning river views, lush landscaping, and spacious homes with all modern comforts. The tower is designed to help you connect with nature and escape from the hustle and bustle of daily life. It is spread across 10.5 acres (42,400 sq. m.) of sculpted landscape with more than 80% open space.

Joyville Sensorium offers world-class amenities such as a 24-hour water supply, 24-hour backup electricity, CCTV cameras, club house, covered car parking, landscaped garden, a lift, a party area, a play area, rainwater harvesting, security personnel and waste management.

Visit – https://www.joyvillehomes.com/sensorium/

Godrej Woodsville on 99 Acres

2. Godrej Woodsville

Godrej Woodsville is a 4.5-acre residential address that offers lavish 1, 2, and 3 BHK apartments with sleek kitchens, video door phones, pretty garden balconies and world-class amenities such as a clubhouse, swimming pool, gymnasium, children’s play area, jogging track, multipurpose hall and more.

Visit – https://www.99acres.com/godrej-woodsville-hinjewadi-pune-npxid-r397709

Kasturi Apostrophe on 99 Acres

3. Kasturi Apostrophe 

Kasturi Apostrophe offers luxury 2 BHK residences in Hinjewadi. The project offers different amenities including gym, co-working spaces, childrens’ play area, community hall, recreation zones, swimming pool and more. The project boasts spacious houses with large balconies, furnished modular kitchens, and well designed bedrooms and bathrooms.

Visit – https://www.99acres.com/kasturi-apostrophe-moshi-pune-npxid-r112199

Rohan Prathama on 99 Acres

4. Rohan Prathama 

Rohan Prathama is a residential project located next to Radisson Blu in Hinjewadi. It offers 1 and 2-BHK apartments with world-class amenities such as a landscaped garden, clubhouse, swimming pool, gymnasium, children’s play area, jogging track and more.

Visit – https://www.99acres.com/rohan-prathama-hinjewadi-pune-npxid-r321167

Park Astra on 99 Acres

5. Park Astra

Park Astra is a residential project located in Marunji. The property is developed by Pride Purple Properties and offers 2 and 3 BHK apartments with world-class amenities such as a clubhouse, a well-maintained swimming pool, children’s play area, gymnasium, jogging and strolling track, business centre, and more.

Visit – https://www.99acres.com/park-astra-marunji-pune-npxid-r351977

Rama Melange on 99 Acres

6. Rama Melange

Rama Melange, developed by Rama Group offers premium 2 RHK residences in the heart of Pune. The property also provides amenities such as multi-purpose courts, a clubhouse, a forest trail, a green amphitheatre, gazebos, an aroma garden and more. The property is well-connected with the Wipro-Hinjewadi Phase 2 Bus Stop, Chakan Airport, International Airport and the Pune-Mumbai highway.

Visit – https://www.99acres.com/rama-melange-residences-hinjewadi-pune-npxid-r142207

VTP Bellissimo on 99 Acres

7. Magnite VTP Bellissimo Phase 2

VTP Bellissimo is spread across 8 acres of land with lush greenery and natural spaces all around the property. It offers 2 and 3-BHK apartments with modern amenities such as a clubhouse, swimming pool, gymnasium, children’s play area, jogging track and more. It also provides green amenities for the disposal and treatment of sewage, rainwater harvesting, and conservation of water.

Visit – https://www.99acres.com/vtp-bellissimo-hinjewadi-pune-npxid-r388179

Lodha Hinjewadi on 99 Acres

8. Lodha Hinjewadi

Lodha Hinjewadi offers lavish residences with sunlit decks, a sports club in the sky, a scenic riverside promenade, a golf course, cricket pitches and so much more. The property also has more than 70% open spaces. Lodha Hinjewadi houses 2, 3 and 4 BHK homes.

Visit – https://www.99acres.com/lodha-panache-hinjewadi-pune-npxid-r405131

Kohinoor’s Sportsville on Housing.com

9. Kohinoor Sportsville

Kohinoor’s Sportsville is located in the heart of Hinjewadi and offers superior and expansive homes at reasonable prices. The project features 20+ floors with over 40,000 sq. ft. of sports areas. Kohinoor Sportsville is located close to the Hinjewadi IT Park and has a number of schools, hospitals and other social infrastructure in its vicinity. 

Visit – https://housing.com/in/buy/projects/page/259476-kohinoor-sportsville-by-kohinoor-group-in-maan

Megapolis Sunway on 99 Acres

10.  Megapolis Township

Megapolis Sunway offers a range of 1, 2 and 3 BHK flats near Hinjewadi IT Park. The project offers premium and smart homes within walking distance from major office spaces. It is located at a convenient distance from schools, hospitals, daycare centres and other such facilities. The projects in the township offer amenities such as a rooftop swimming pool, meditation and yoga space, landscaped gardens and walkways. 

Visit – https://www.99acres.com/megapolis-sunway-hinjewadi-pune-npxid-r43658

To know how to own and become a part of this thriving locality, visit https://www.joyvillehomes.com/.

Originally Published at - https://realestateandepc.wordpress.com/2023/07/20/luxury-residential-projects-in-hinjewadi-pune/