Top 6 Construction Companies in India

 

With construction as India’s largest industrial sector and second-largest employment source after agriculture, we bring to you a comprehensive list of the best construction companies in India. 

As per projections, the construction industry will be growing at a CAGR of 11.7 percent between the years 2021 and 2025. It is anticipated that the country’s building production will reach an estimated US$ 842535.2 million by 2025.

With all this in mind, let’s take a look at the top contributors in the construction industry below.

Hindustan Construction Co. Ltd.

Founded in the year 1926, Hindustan Construction is one of the top companies in the country, with its segments in engineering, construction, real estate, urban development, and infrastructure. It provides solutions across various projects within these segments such as water, power, management, and transportation among others. 

Larsen & Toubro 

Founded in 1938 by Henning Holck-Larsen and Kristian Toubro, Larsen & Toubro is headquartered in Mumbai, Maharashtra, India. It deals in power, shipbuilding, heavy equipment, and electrical equipment. The company’s major services lie in construction, IT, financial services, and real estate. It has also formed a joint venture with Sapuracrest, Malaysia to provide offshore construction services. 

Shapoorji Pallonji Group

Headquartered in Mumbai, India, Shapoorji Pallonji offers a wide variety of services including real estate, infrastructure, security systems, industrial engineering, appliances, and power. It has a strong workforce of 70,000+ individuals who are guided by the slogan of “Either Safe Work or Refusal’. With their 150-year long journey, SPRE has built a reputation by building some of the most iconic buildings in India that have stood the test of time. They are also one of the top construction companies internationally, with their sub-verticals, SP International and Oman Shapoorji Co. They are a mix of thoughtful design, long-lasting construction, and the best of engineering that speaks of strength and stability.

Macrotech Developers Pvt. Ltd. (Lodha Group)

Popularly known as the Lodha Group, Macrotech is a real estate giant based out of Mumbai, India, and started in 1980. The company deals in both residential and commercial projects and has partnered with different companies across Interior Design, Architecture, Services, Finance, and more. 

Dilip Buildcon Pvt. Ltd. 

One of the top 10 construction companies in India, Dilip Buildcon, based out of Bhopal, has its presence across 17 different states. It has worked across various different sectors including roads and bridges, urban development, mining, water sanitation, sewage dams, and more. It employs around 400-500 people and has a YoY growth rate of 17 percent with its revenue standing at INR 29,292 million.

Jaiprakash Associates Ltd. 

Famously known as the Jaypee Group, the company was founded in 1979 and is based out of Noida, India. The company has various segments including engineering, construction, real estate, and cement. As one of the leading companies in construction and infrastructure, Jaypee aims to excel in every sector they operate in. 

Other honorable mentions in this list would be of NCC Ltd., Simplex Infrastructure, and GMR Infrastructure, all of which have been setting benchmarks in construction in India.

Originally published at http://realestateandepc.wordpress.com on November 23, 2021.

Top 6 Places to Invest in Bengaluru

 

Home to a constantly increasing migrant population, Bengaluru is a hub for great employment opportunities with good living standards and a modern lifestyle. Some may call it the perfect combination.

It is even well-connected and hosts good weather throughout the year. With all this, a question for people who want to settle in Bengaluru naturally arises – where should we buy a house in Bengaluru? And we have you covered!

In this article, we take a look at the best places to invest in Bengaluru. Are you ready to explore your options?

1. Hebbal

Image Source – Wikipedia

Located near Hebbal lake and Nagavara lake, Hebbal is considered one of the prime locations in North Bengaluru. It is surrounded by impressive infrastructure and several work opportunities with the presence of Manyata Tech Park. It is also home to good schools, colleges, and shopping malls, thereby making it an attractive area to invest in for home buyers. What’s more? It lies in close proximity to the airport.

2. Yelahanka

Image Source – MagicBricks.com

Known for its manufacturing industries, Yelahanka is a great place to invest in commercial properties, especially with its growing IT industry that attracts a lot of professionals in the area. It also has a lot of educational institutions and healthcare facilities that make it an ideal place to invest in. 

3. Electronic City

Image Souce – Wikipedia

One of the best choices for both commercial and residential investment, Electronic city is a zone that holds the country’s top corporates and IT Parks including Wipro, HP, BHEL, Infosys, and more. You can buy a residential property in Electronic city, starting 15-25 lakh.  

4. Binnypet

Image Source – etamall.in

Binnypet is located in the heart of Bengaluru, surrounded by commercial areas like Chickpet, Chamrajpet, and Okalipuram, making it one of the most desired localities to live in. It also houses quality education and healthcare facilities including St. Lords international School, Royale Concorde International School, Victoria Hospital, Apollo Hospital, and more. If you are looking to invest in a luxury 2 or 3BHK in Binnypet, then look no further than Parkwest 2.0 by Shapoorji Pallonji Group, starting at Rs.1.25 Cr.* and Rs.1.85 Cr.* respectively. It is the perfect blend of brilliant design, functionality, and a plethora of amenities and green spaces. 

5. Sarjapur Road

Image Source – PropTiger.com

Surrounded by prime locations like Koramangala, Whitefield, Electronic city, and more, Sarjapur road is the new hotspot for realty investments. Due to the rising number of people moving in this area, it has a lot of new real estate projects coming up, and rightly so as it has a variety of educational and healthcare institutions within the vicinity.

6. Whitefield

Image Source – Wikipedia

Located in East Bengaluru, Whitefield provides you with a host of high-end living options. It is surrounded by well-established corporations and is very well-connected via purple metro rails, train services, and bridges. What makes it even better is that it also has a lot of options for recreation such as the Phoenix Market City, VR Bengaluru, Inorbit Mall, and more.

Originally published at http://realestateandepc.wordpress.com on November 22, 2021.

The top 10 biggest conglomerate companies in India

Decades after the Indian market went through privatization, and companies expanded their goals to global success, the presence of leading conglomerates based in India is stronger than ever. Each of these multi-industry companies has a substantial influence on the market and is a part of consumers’ lives across industries. Their legacy only propels their growth as they focus on expanding their impact to newer industries.

So, let’s take a look at the powerhouses that can be considered India’s top ten conglomerates.

1. Tata Group

Founded in 1868 by Jamshedji Tata, this is one of the biggest and oldest industrial groups in India. The conglomerate has a number of affiliate companies and has also acquired a variety of international companies with a market capitalization of US$325 billion as of October 2021. These companies fall across various industries including FMCG, retail, energy, engineering, chemicals, iron and steel, finance, realty, and more.

2. Reliance Industries

This Fortune Global 500 company is a powerhouse not just in India but across the globe. It is a leader across a number of industries as the largest public-traded company in India with a market capitalization of US$243 billion as of October 2021. The company accounts for a whopping 8% of India’s total merchandise exports and has a leading presence in telecommunications, energy, mass media, retail, petrochemicals, natural gas, and more.

3. Aditya Birla Group

Another Fortune 500 company from India, this group operates in 36 countries with a legacy spanning over seven decades. It is active with global or national leadership in as many as 14 sectors including cement, fashion, finance, carbon black, textiles, mining, metals, chemicals, and more.

4. Shapoorji Pallonji Group

This powerhouse private group has a long-standing legacy of over 150 years. The company is an icon in Indian real estate and has developed notable landmarks and megastructures across the country. The group also delivers end-to-end solutions in various other business segments including real estate, infrastructure, construction, water treatment, solar energy & power, and financial consultant.

5. Adani Group

Founded in 1988 as a commodity trading business, this conglomerate is now the largest private sector power generation company in India. As of April 2021, it has become the third Indian conglomerate to cross $100 billion in market capitalization. It has business in various sectors including port management, electric power generation, and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure.

6. Bajaj Group

Starting with a small sugar plant in 1926, this group now has 34 companies among which Bajaj Hindustan Sugar Ltd ranks as Asia’s number 1 sugar manufacturing company. Meanwhile, Bajaj Auto is ranked as the world’s fourth-largest two and three-wheeler manufacturer. The group also has business in home appliances, lighting, iron and steel, insurance, finance, and more.

7. Larsen & Toubro

Founded by two Danish engineers taking refuge in India, this company is now among the top construction companies in the country as well as globally. It has 118 subsidiaries, 6 associates, 25 joint-venture, and 35 joint operations companies. Its business span across engineering, construction, realty, manufacturing, IT, and finance.

8. Godrej Group

Established in 1897, this group is managed and majorly owned by the Godrej family. It has businesses in a diverse range of sectors including real estate, appliances, engineering, security, and agricultural products. The group has also partnered with the Indian Space Research Organisation (ISRO) for aerospace and precision engineering projects.

9. Sahara India Pariwar

This leading Indian conglomerate has a diversified presence in sectors such as finance, media and entertainment, healthcare, life insurance, manufacturing, real estate, and more. The company has a strong presence in the sports industry as a title sponsor of the Indian national cricket team, Indian national hockey team, Bangladesh national cricket team, and the Force India Formula One team, among other sports.

10. ITC Limited

Renamed from India Tobacco Company Limited to ITC Limited in 1974, this company has expanded from the cigarette industry to a variety of other sectors including hotels, FMCG, packaging, agribusiness, and more. It has 13 businesses and exports its products to 90 countries. As of 2020, the company has a market capitalization of US$35 billion.

Originally published at http://realestateandepc.wordpress.com on November 17, 2021.

5 Commonly Asked Questions about Solar Energy

A lot of people have been moving towards considering solar energy as a reliable substitute for their electricity for multiple reasons lately. However, the big question remains – where do we start? If you are one of these people, then you have landed at the right place. In this article, we try to answer some of the most commonly asked questions about solar energy, from the hows to why and pricing. Dive in to find out!

Q1: What is solar energy and how does it work?

Solar energy is the energy extracted from the sun by using solar panels and plants. The energy is then used to create solar power by converting it into electricity. This electricity can be used to power appliances in your home in place of your regular electricity source. 

The solar panels can be installed on the roofs of independent houses or farms where they are exposed to the sun. They capture current from the sun and flow it through the panels to an inverter, which is then converted from DC power to AC power to be used in your home. 

Q2: Can solar energy help in saving money?

Solar power helps you save on the cost of electricity that you would pay otherwise and also saves you on the rising cost of electricity in the future. Buying a solar power system is like having your own mini power station that would save you a large amount of money every month. 

Q3: How does solar energy help the environment?

Solar energy is a renewable and sustainable form of energy, thereby making it environment-friendly. This is because it turns the sun’s rays into electricity and helps you power your home. The simple fact is that sunlight is not going anywhere, unlike water and fossil fuels, which means that we are not exhausting any nonrenewable sources of energy when we are using it.

Using sunlight for electricity also reduces our reliance on the traditional methods of burning fossil fuels that release nitrogen oxide in the air, contributing to the formation of smog and acid rain. It also reduces the risk of oil spills, damage to landscapes, and depleting water supply. 

Q4: What happens to solar energy on cloudy or snowy days?

Solar panels do not need direct sunlight to harness the sun’s energy, and so they can easily work even on cloudy days. However, they do need light, so they only work through the day and do not capture energy during the night. 

On the other hand, if there is snow settled on your solar panels, chances are they won’t work to generate energy as they cannot absorb the sunlight. Having said that, the good thing is that on days like these, you still do not have to experience a power outage, as your solar panel inverter stores energy for later use, which comes in handy whenever there is bad weather or snow conditions.

Q5: How affordable is it to get solar energy panels

Solar power is as affordable as your electricity bill, which is to say if you can afford to pay your electricity bill, then getting a solar panel shouldn’t be a problem. Lately, the government has also been launching various new subsidy schemes for homes that are looking to move towards solar, which makes it even easier to get solar panels. 

The reason why solar power is considered the best power is that it is clean, renewable, and emissions-free, unlike the fossil fuels that are used for generating electricity. It does not emit any greenhouse gases like carbon dioxide into the atmosphere and does not weigh too heavy on the pocket either. If you want to know more about solar power, panels, and how they work, you can head on to Sterling and Wilson Solar which has been bringing sustainable change across the globe since 2011. 

Originally published at http://realestateandepc.wordpress.com on November 17, 2021.

What is the real impact of solar panels on the environment?

 

The constantly evolving solar power industry is changing the way we produce electricity, for the better. As an efficient option for consumers to make the switch to renewable sources, it has gained an appreciation and has been accepted into communities all over the globe. However, with this popularity, there is also speculation about just how sustainably efficient solar power systems really are. There are positive as well as negative arguments about this ‘green’ source of electricity and both perspectives do have validity. So, let’s take a look at the pros and cons when it comes to the environmental impact of solar panels.

Let’s begin with the little-known negative impacts that the use of solar panels and the construction of solar power systems can have on the environment. Like every other type of infrastructure, solar panels do have their downside. A majority of it comes down to the materials and the manufacturing process of creating solar panels. This negative impact can be tracked to 3 major areas.

1. Energy consumption

While solar panels are a renewable source of energy, they are not completely free of any negative impact. The manufacturing of solar panels involves the use of a significant amount of energy. This is majorly evident in the mining aspect for materials used including quartz (processed into silicon), aluminum, and copper or silver, etc. A variety of not very environmentally friendly materials and processes are required to create the components of a single solar module. Quartz also needs to be processed under very high heat which further consumes energy.

2. Disposal of chemicals

This process of heating the quartz in a high-temperature furnace also includes reacting it with various chemicals. Similarly, other processes for solar modules tend to make use of or develop hazardous chemicals. The negative environmental impact, in this case, takes place if these chemicals are not disposed of properly. Like any other industry, this lies in the hands of the manufacturers where certain companies are not concerned about the impact on the environment while others are leading the path towards sustainability.

3. Recycling old panels

At this stage of the evolution of solar panels, there are still modules that might need replacement at later stages. Since a majority of all solar panels are new, the problem of how to recycle old modules will emerge in the coming decades. These discarded solar modules come in the category of e-waste. This means that countries and communities that are able to provide a robust system to recycle e-waste are better off while other ones are at high risk of negatively impacting the environment.

All of these problems can be tackled with the innovation of alternative manufacturing and the standardization of robust, sustainable processing systems.

Meanwhile, the benefits of switching to solar power systems are unmistakable in the current environment. Unlike any other form of power generation, solar power contributes to no air or carbon pollution, emits no ash or other waste products, and requires only sunlight as a source. In fact, the switch to solar panels for electricity is capable of improving the environmental impacts of the businesses, communities, and homeowners that utilize it while also being a cost-effective solution for these users.

There is also constant progress in the solar industry with innovative and technological advancements, making this electrical source more broadly available and more affordable to diverse economic backgrounds.

Rooftop solar EPC has seen a reduction in different aspects of pricing because of the growing networks of solar installers and financial partners interested in embracing this effective resource. Organizations have utilized rooftop solar systems to reduce their operating costs while homeowners embrace reducing their carbon footprint at minimal costs. There are also third-party ownership options where customers pay little to nothing upfront under solar leases or power purchase agreements to get electricity over a long period at attractive fixed rates.

Originally published at http://realestateandepc.wordpress.com on November 15, 2021.