Top 5 Interesting Construction History About Shapoorji Pallonji Group That You Might Not Know About

 

Shapoorji Pallonji group’s interests are in the field of construction, shipping, biotechnology and power, shipping, engineering, and real estate and they even have subsidiaries — SPRE {Shapoorji Pallonji Real Estate}, SP Infra, Afcons, SP International, Oman Shapoorji, Forbes & Co., Sterling and Wilson, NextGen, SP Fabs, Forvol and much more. SP group is considered “one of the most respected private houses of India”

The SP group was formed in the year 1895 and since then it has been building top-notch civil and mechanical engineering work of genius, from factories to auditoriums, from airports to road and expressways, from townships to skyscrapers, from constructing biotech facilities to various power plants — there is a huge list to add.

During the 1930s, the SP group won the bid to build one of their most challenging projects to date — Structuring the Mumbai Central Railway Station. British architect — Claude Batley and Ferro Concrete Company were also involved, and this project was completed within 21 months and with a total cost of 1.6 crore Indian Rupees.

Back then this type of architecture and the project delivery was quite hard and this really impressed the then Governor of Bombay. The early 70s saw the SP group build some of the iconic structures across Mumbai — Breach Candy Hospital, The Trident, Bank of India Building, and The Reserve Bank of India to name a few — this really helped the SP group to emerge as an International Brand

Let us look at some of the interesting constructions made by the SP group which people are not aware of -

The Brabourne Stadium -

Established in 1937 — during British rule. It has a capacity to accommodate 20.000 people. Owned by CCI (Cricket Club of India), Brabourne is recognized as a Grade IIB Heritage Structure. Loved by many big cricketers — it is one of the most stunning stadiums in the world

Malabar Hill Water Reservoir -

Malabar hill reservoir was constructed in 1887 with the aim to distribute water to Mumbai city. This was built at the highest peak on Malabar hill. The current reservoir capacity is 146 million liters of water (per day). This reservoir supplies water to prime locations — Malabar Hills, Colaba, Cuffe Parade, Fort, Altamount Road, Chowpatty, Churchgate, and Peddar road.

Al Alam — Palace of the Sultan of Oman -

This Palace was built in 1975 and is the first amongst many other international projects of the SP group. It involved building a sea wall and jetty, it even has a rooftop helipad and various wings for office and personal usage. This can be called a complex essence of Islamic architecture. It has huge white marble floors and is faced with four dissolute blue and gold columns.

India’s longest Vallarpadam Rail Bridge in Kochi -

A railway bridge connecting Vallapardam and Idapally in Kochi. It is an 8.66 km rail passage that helps connect ICTT (International Container Transshipment Terminal) which is on Vallarpadam Island to Idapally railway station (a suburb of Kochi). This passage is 4.62 km long and that makes it the longest rail bridge built in India

India’s first motor racing circuit -

Buddh International Circuit in Noida — This track is located in Noida (NCR) — the outer edge of Delhi. It is named after Gautam Buddha — who is a symbol of peace and calmness. Opened in 2011, this circuit has a clockwise track that is 5.14 km in length. Built on over 874 acres of land and designed by Hermann Tilke, this is one of the fastest circuits in India and in the Formula one championship. It even had the opportunity to host the formula one race for the first time in India and it did impress the event.

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Types of Solar Companies

 

Sun is the source of direct energy and this sunlight is utilized by solar power technologies for generating electricity, solar energy, etc. This is indispensable renewable energy which can be classified as active or passive solar energy.

Active solar energy utilizes mechanical and electrical instruments and passive solar energy is the substantial power from the sun that does not need any mechanical structure or other forms of energy. Everything depends on how this energy is captured and converted into solar power

This energy is an alternative to traditional energy sources like coal and natural gas. It provides clean, renewable power that doesn’t pollute the environment or emit greenhouse gases into the atmosphere. Solar companies are an essential part of this industry because they are responsible for providing solar panels for homes and businesses.

Types of Solar Companies:

Utility-scale — These are large companies that sell electricity from solar power plants to utilities or other electric power providers.

Commercial — These are businesses that use solar panels on their own properties or on properties they lease.

Residential — These companies install solar panels on residential houses and homes for the purpose of generating electricity and reducing their monthly electric bills.

Community-Scale — These are groups that come together to create a shared solar project which provides lower rates for members

Do you know about EPC solar company?

EPC (engineering, procurement, and construction) company and this term are frequently used in commercial & residential solar business. A company providing start-to-end services that include designing, procurement, project management, consultative sales, consistent support, and solar panel installation is called an EPC company.

Sterling and Wilson Renewable Energy Limited are one of the best and most trusted solar companies throughout the world. They were founded in 1997 and have since grown to be a global leader in renewable energy.

SWRE is a solar company with expertise in engineering, procurement, and construction (EPC) for solar projects. They also offer different types of solar utility-scale, floating, hybrid energy storage, and solar operation and maintenance projects.

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Top 5 Solar Power Plants in India 2022

 

In the last few years, there has been a significant impression of solar energy development in Indian energy history. Solar energy establishment applications are regionalized and distributed in a manner that benefits millions of people to meet their daily energy (cooking, light, and others) requirements in an eco-friendly way. Over the years, this sector in India has materialized as a substantial competitor in the grid-associated power generation capacity. It backs the administrative plan of sustainable advancement while meeting the nation’s need for energy.

India has sped up the process of increasing the solar energy ability and we are now home to quite a few “largest power plants”. In terms of solar power production, India is in third place in Asia and fourth in the world — Accounting for 38% of total renewable energy.

Indian Government has prioritized meeting the ever-growing energy demands in the country which will be carried out via the National Solar Mission and providing lots of subsidies for both residential and commercial solar plants. The main aim is to accomplish a target of 20 GW for the total installed solar capacity by the end of 2022. The government has planned to install a solar capacity of 100 GW (including rooftop solar of 40 GW). During the first half of 2022, the total solar installed capacity stands at 57 GW (a rise of 7.2 GW)

We will now talk about the Top 5 Solar Power Plant in India — 2022 The below table will name the Top 5 Solar plants with their DC capacity

1) Bhadla Solar Park — Phalodi, Jodhpur — Rajasthan

a. The largest solar plant in the world which is located in India is spread over 14,000 acres of land in total

b. The temperature in this area is anywhere between 46–48 degree Celsius. This being a dry and sandy region, you can notice sand storms and hot winds blowing too frequently

c. Due to its climatic conditions, Bhadla is described as “Unliveable” (a place where you cannot live)

d. DC capacity of this plant is 2,245 MW

e. Soon the plant will be operating at its full capacity and would then become the world’s biggest completely commissioned PV project — the investment would rise up to 10,000 crore rupees — USD 1.3 billion

f. 580 MWp solar power plant in Bhadla, Rajasthan was set up by SWRE ( Sterling and Wilson Renewable Energy), mechanised robotic cleaning device was set up to boost power generation, and decreased operational cost and water consumption

2) Pavagada Solar Park — Pavagada, Tumkur — Karnataka

a. This solar plant was completed in 2019, spread over 13,000 acres of land (53 sq km)

b. Being the world’s second-largest PV solar plant (after Bhadla) with a capacity of DC 2,050 MW

c. Project cost 14,800 crore rupees — USD 2.1 billion

3) Kurnool Ultra Mega Solar Park — Panyam Mandal, Kurnool — Andhra Pradesh

a. Kurnool is spread across 5,932.32 acres of land

b. Owned by APSPCL (Andhra Pradesh Solar Power Corporation Private Limited), it was built on 29 thMarch 2017

c. Solar power developers, Central and state govt. invested around 7,000 crore rupee — USD 980 million on this project

d. DC capacity 1,000 MW

4) Rewa Ultra Mega Solar — Gurh, Rewa — Madhya Pradesh

a. Spread across 1,590 acres of land, this project was commissioned in December 2019

b. A joint venture between MPUVNL (Madhya Pradesh Urja Vikash Nigam Limited) and SECI (Solar Energy Corporation of India) is RUMSL (Rewa Ultra Mega Solar)

c. DC capacity 750 MW

d. The first project in India to supply solar power for railway traction

e. World Bank Group’s President’s Award for excellence awardee for its transaction structure

5) Charanka Solar Park (Gujarat Solar Park) — Charanka, Patan — Gujarat

a. Spread on 4,900 acres of land

b. Investment of 5,365 crore rupees

c. DC capacity 690 MWp. Here in Gujarat Solar Park, 143.50 MWp was set up by SWRE (Sterling and Wilson Renewable Energy) which required 5, 07,769 panels. It helped to power around 6,677 homes in the Charanka area

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Top 5 Residential Projects in Thane 2022

 

Thane is developing on a very large scale. It is also called “Lake City” and has some breathtaking views of the green mountain range — Yeoor & Parsik hill and it is bordered by the famous “Sanjay Gandhi National Park”. These are a few of the points which highlight Thane being the hub of residential projects. It has a maximum number of Public parks and gardens, and these factors have helped the people of Thane to have a better quality of air as compared to Main Mumbai. The climate here is quite pleasant.

People were earlier skeptical of owning their own house in the city of Mumbai, but the recent development projects and big builders having their residential projects in Thane has given people a chance to afford their house here. The real estate cost in Thane is fairly low than in Mumbai and due to bigger space availability, there is hardly a single constructed building but more townships which gives the investors a better lifestyle.

There are several projects carried out in Thane — offering 1, 2, 3, & 4 BHK and even independent houses. With great homes, you can even enjoy high-grade amenities — open spaces, swimming pools, senior citizen and kids’ park, jogging track, football, and cricket pitch, clubhouses, restaurants, sky lounges, etc. along with these you can even have developers having hospitals, schools inside their townships and even in the nearby vicinity.

Let us have a look at the 5 best residential projects in Thane

An elite opportunity to become the owner of a spectacular home. It features a selection of 40+ lifestyle and sports facilities that are spread across 2 majestic clubhouses. These residences are made to ensure that the residents are able to receive sufficient daylight and a considerably designed cross-ventilation theme that gives more comfort to the one staying in these habitats. There are no shared walls which gives improved privacy. Possession — April 2028

Godrej Ascent offers 1, 2 & 3 BHK luxury residences Carpet area — 381.15 sq. ft to 863.05 sq. ft Price range — 81 lacs to 2+ cr

Amenities -

One of the tallest towers in Thane — with 51 storeys to it. Skyraa is a precisely curated standard of living specially made for people who enjoy finer things in life, these are selective Garden homes. A world of luxury awaits you on the 51 stfloor with a rooftop sky lounge, which has a breathtaking view of the city. It comes with 3 & 4 BHK apartments which are equipped with fresh air, purifiers, and marble flooring. You can have a beautiful view from the spacious balconies which one expects and to add to your instincts, a luxury retail space for you to enjoy. Possession date December 2027

Carpet area — 1,300 sq. ft to 1,695 sq. ft Price range — starting at 2.44 cr + and 3.00 cr + 2 BHK apartments are available in three variants -

• 551 sq. ft — price 1.41 cr
• 565 sq. ft — price 1.45 cr
• 574 sq. ft — price 1.46 cr

Amenities -

Lodha Amara — Thane gives you an amazing chance to own an exquisite home with 50ft sun decks (selected apartments). Amara comes with almost 50 top facilities which are only accessible to the local residents. The main clubhouse is spread over an expansive 25,000 sq. ft, along with 6 other clubhouses. There is even a private theatre and a Tai Chi dome — for self-reflection and discovery, a hammock garden, and a huge 5,000 sq. ft gym for the members. Lodha Amara is a brilliant combination of luxury and convenience that is uniform to all needs. Ready to move flats.

Lodha Amara offers 1, 2, 3 & 4 BHK extravagant residences Carpet area — 446 sq. ft to 1,444 sq. ft Price range — 88 lacs to 2+ cr (price on request)

Amenities -

Piramal Vaikunth, Thane is a gift to the Balkum area. An elite township with stunning homes that comes with maximum amenities and services. It’s been built on 32-acre land which is used for mixed development activity, it also includes 60,000 sq. ft of convenience space, up to 40% of the land is dedicated to open space and more than 12,000 sq. ft area for strategic retail development. Piramal’s Vaikunth has its own ISCKON temple inside the premises and this amazingly beautiful construction overlooks the Thane creek and advantageously supervises the Yeoor hills. Possession starts in December 2024.

Piramal Vaikunth offers 2, 3 & 4 BHK lifestyle residences Carpet area — 550 sq. ft to 1,370 sq. ft Price range — 1.25 cr to 1.93 cr

Amenities -

Northern light is spread over 4.8 acres of land with comes with 60 plus amenities. It is a well-built life at the most preferred location of Thane. This site has close proximity to all the landmarks and famous spots. These spaces will brighten up your dull day and you won’t complain of getting bored for even a day

Carpet area — 543 sq. ft to 981 sq. ft Price range — starting at 1.43 cr 2BHK apartments are available in two variants -

• 543 sq. ft — price 1.35 cr
• 618 sq. ft — price 1.48 cr
• Living & dining room
• Master bedroom + master toilet + master bedroom wardrobe
• Bedroom
• Common toilet
• Kitchen
• Dry balcony
• Service slab

Amenities -

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.

Understanding The Potential of Real Estate as an Investment

 

Various types of investment options are readily available for you to choose from. If you are a seasoned investor, you would know and if you are new to investment then you should know that each and every venture involves some risk. Talking about this, have you ever given thought to invest in real estate?

No/Yes.?

Well investing in real estate is said to be one of the safest & smartest investment options (globally). There are people who have spread this rumor or they themselves fear to invest that this is not a “Safe investment choice” and it requires a huge amount of money, none of it is correct and just to make sure that you are satisfied — we will give you some of the best reasons as to why investing into real estate is a good decision.

Owing a property in India is considered to be a “great deal”; this comes with a lot of emotional contentment and the instincts are quite strong. Having a property (land/ apartment) is real evidence of the asset and its concrete worth.

Below pointers will give you a fair idea as to why investing in real estate is the safest option to secure your hard-earned money. Benefits of real estate investment

1. Safe compared to investing in stocks

The real estate market is more dependable and viable as compared to the always uncertain stock market. If you are a professional and one who can analyze stocks very easily, then you win in this market and make money, or else trading here is a risky affair. But then again, real estate is physical proof that you own a property — no cat and mouse race.

Investing in stocks can make you lose your money due to its uncertainty, but that’s not the case in real estate — if the documents are proper and authentic, you are all set for investment and it comes with an assurance that you will get a higher value of the amount invested and if not than you will receive the actual value (capital). In the stock market, there are various factors that impact the whole investment — interest rates, changes in government policy, fluctuations in the market, and many others, but real estate is more established and real.

2. Steady cash flow

If you own a real estate property and you think of renting it out. You will receive a said amount every month as rent. In commercial units, people even have gaming zones for extra monetary benefits. The deposit earned from a rental property is invested in another assignment for a particular duration, which again helps get extra money and it is rolled the same way again.

3. Tax-Free — Property valuation

The property that you invest your money into eventually increases from its original cost. And there are no taxes applicable on this profit of yours. You earn extra and when you wish to sell and invest again in another property, this extra amount comes in handy

4. Low Tax deduction

Devaluation is an element that can be submitted for income tax aim but isn’t really an overhead

Devaluation is an element that can be submitted aiming at income tax but this not being an overhead expenditure, won’t hit you financially. Investors have been using their devalued property to lower the tax amount.

5. Total expense & Income from rent

After a period of giving your property on rent, there is usually a raise in the rent amount. Even in case you have taken a loan and paying EMIs for the same, eventually, this amount helps you pay it off quickly and create a good profit margin.

6. Real Estate Investment drawbacks

Not everything goes as planned; investing in real estate at times can be a bit tricky as well. We will now check some pointers which you can consider while investing in a property.

7. Initial profit hurdle

The initial phase of renting out a property might or might not give you the monthly profit to ease down the load. People who’ve invested by paying a hefty down payment will have to wait till the recovery is done from the rent amount.

8. Smaller leaps

Do not look at what others have achieved and do not expect that your profits will be on the higher side like other investors.

9. Tax effects

Always remember that the government is closely watching on every bit of profit that you make, you might end up paying for the extras that you’ve earned

10. Staggering income

Do not see your investment as an operating cloud kitchen where very less amount is needed to start your business. You might or might not see a substantial percentage hike on the investment made.

11. High business cost

Your plan to Invest in a business and sell it at a higher value in the future might shake a little. Irrespective of the increase in the actual property value, once you crack the deal you might see that there is no definite profit as the business cost would flatten most of your proceeds

Investing in real estate in India can be lucrative and the potential buyer has to study the market thoroughly before investing — just to be a little safe. Investors can make a small down payment and the rest they can pay at ease. Once a property is put on rent, investors can add this amount to the loan which will help them greatly. At a later stage, this property can be sold off for a higher value and reinvested in another one.

Originally published at http://realestateandepc.wordpress.com on September 28, 2022.