Infrastructure vs. Construction: Understanding the Key Differences

 

Everything You Need to Know About Construction and Infrastructure. 

Outside the real estate sector, the words ‘infrastructure’ and ‘construction’ are often used interchangeably. However, if you wish to understand the business better, it is necessary to understand the difference between these two. 

In the most basic sense, infrastructure means all the physical and digital systems that are needed to run a country or region’s economy. Construction on the other hand refers to the process of building and maintaining these infrastructural projects. 

What is Infrastructure?

Infrastructure is the foundation of any city, town or community. It includes roads, bridges, schools, hospitals, airports, telecommunication systems, water systems, and other such systems which are required to sustain the social and economic life in the region. 

Broadly speaking, infrastructure can be broken down into three categories – construction, maintenance and upgrades. Construction involves building new physical assets. Maintenance keeps the existing infrastructure in good, working condition. Upgrades mean gradual improvements made to the existing infrastructure to make it more up-to-date. 

What is Construction?

Construction is the physical process of building and maintaining the infrastructure. It includes planning, designing, repairing, renovating, and maintaining infrastructure projects. It usually involves large upfront investments and requires a larger workforce. 

Construction is the implementation of planned infrastructural developments. It is a consequence of infrastructural planning. Thus, it is a more physically laborious process. It involves planning, acquisition of raw materials, construction, operation and maintenance. 

What is the importance of Infrastructure?

Infrastructure investments can significantly impact the quality of life and economy of a country or region. Planned infrastructural developments help improve the lives of ordinary citizens, create jobs, improve public security, and spur economic growth. 

Well-planned infrastructure projects could reduce costs and improve the efficiency of businesses and provide people with a smooth and secure life. It helps improve the overall productivity and output of a region or country. 

From a business perspective, infrastructure is a growing industry at the moment. According to Mordor Intelligence, the global infrastructure sector is estimated to be worth $2.57 trillion in 2023 and is expected to reach $3.48 trillion by 2028. This would mean that the industry has a forecasted growth rate of 6.27%. 

Shapoorji Pallonji Infrastructure Capital Company Pvt. Ltd. (SP Infra) has been part of the Indian infrastructure scene for more than two decades. The business was established in 1997 as part of the Shapoorji Pallonji Group to develop sustainable infrastructure assets that deliver value to local communities. Since then, SP Infra has made significant contributions to the infrastructural development of communities inside and outside India. With services in power, transportation, natural resources and ports and terminals, SP Infra is an industry leader in the infrastructural development sector in India. 

SP Infra’s work is complemented by the work done by Shapoorji Pallonji Engineering & Construction (SP E&C). SP E&C is India’s first ISO 9000-2001 certified construction company. It was also the first Indian company to execute a project overseas (in 1975). Some of SP E&Cs’ most notable projects include The Imperial, India’s tallest residential twin towers and The Aquatic Gallery in Ahmedabad, India’s largest public aquarium. SP E&C was ranked 54th in the top 250 International Contractors by ENR in 2021.

To find out more about the projects undertaken by SP Infra and SP E&C visit https://www.shapoorjipallonji.com/

Is it good to buy property in Gurgaon in 2023?

 

It is no secret that Gurgaon is the place to be for IT, Banking and Finance professionals. Its proximity to Delhi also makes it a desirable location for professionals and their families. Because of this, there is a rapid increase in the number of people relocating to Gurgaon for work. The residential market in Gurgaon has grown considerably over the years. But, does this mean that Gurgaon is a good place to buy property in India? All things considered, yes, and here is why. 

1. Prominent employment hub. 

Gurgaon is one of the most prominent IT and Finance hubs in the country. This has led to the development of robust social infrastructure necessary for living a well-rounded life. There are a plethora of good schools, hospitals and malls which give the people of Gurgaon a comfortable life. The closeness to Delhi also means that the students of Gurgaon have easy access to some of the best colleges and universities in the country. 

2. Above average quality of life. 

The presence of some of the biggest, most profitable Indian and foreign companies in the region has led to Gurgaon having a higher standard of living than the national average. This means that not only are your primary needs of food, clothing, shelter and education met but, your social and emotional well-being are also guaranteed. The city has ample job opportunities for both seasoned professionals and freshers. 

3. High rate of appreciation. 

Gurgaon has the highest percentage increase in the value of residential properties in the country, at 12%, beating out major cities like Bengaluru, Noida, Pune and Mumbai. The city has a large growth potential and can expand even further to support the growing population. This means that now is the right time to invest in Gurgaon and reap enormous profits in the future. 

4. Favourable government policies. 

The Haryana Government and the Municipal Corporation of Gurgaon are taking active steps to make Gurgaon worthwhile for its residents and potential investors. In January 2023, the Municipal Corporation of Gurugram lowered the minimum requirement to register a plot from 200 sq. yards to 100 sq. yards, essentially increasing the number of properties that can be developed on the same piece of land. Similarly, in June 2023, the allotment rates were increased by an average of 20% to encourage further development by builders. 

Some of the best areas to call your home in Gurgaon include Sector 57, Sector 102, Sohna Road, MG Raod and Palam Vihar. With some of the best schools, colleges, hospitals and entertainment options around, Gurgaon is definitely a worthwhile place to buy property in 2023. You are sure to have a comfortable, fulfilling life in a rapidly developing city if you chose to invest in Gurgaon. 

Joville Gurugram is a development worth considering in Gurgaon. With grand 2 and 3 BHK Flats in Sector 102, Joyville Gurugram offers comfort, convenience and community. 30+ amenities in 9 pocket amenity spaces spread over 3 acres make your life a comfortable dream. Smart homes, equipped with high-speed internet in every room, a smart home hub, an emergency panic button, a smart indoor siren and a video doorbell await you at Joyville Gurugram. 

Visit https://www.joyvillehomes.com/joyville-gurugram/ to know more.


Originally Published at - https://realestateandepc.wordpress.com/2023/08/08/is-it-good-to-buy-property-in-gurgaon-in-2023/

5 Reasons Why You Should Consider Living in Hadapsar, Pune

In the eastern part of Pune, just 8 km from the Pune Railway Station, lies Hadapsar, a rapidly developing suburb. Home to important organisations like the Serum Institute of India, Hadapsar is one of Pune’s most promising regions. 

Hadapsar is also home to many of Pune’s historical locations, including Purandar Fort and Mastani Talav (lake). It is both a hub for industry and a haven of natural serenity. It is also very close to Kalyani Nagar and Koregaon Park. 

The modern development of Hadapsar began in the 1990s by pooling over 450 acres of farmers’ land to build a gated community, which led to further development of the region. Today, Hadapsar is one of the most sought-after regions in Pune for both residential and commercial purposes for the following reasons:

Connectivity 

Pune Railway Station, Lohegaon Airport, Koregaon Park, Swargate Bus Stand and Shivaji Nagar Railway Station all lie within a 15 km radius of Hadapsar, making it a prime location in Pune. The Pune-Solapur Highway and the Pune-Ahmednagar Highway pass through Hadapsar. The upcoming ring road connecting the Pimpri-Chinchwad area to Pune will further strengthen Hadapsar’s road network. 

Infrastructural Development

Hadapsar’s growing reputation as an IT hub and a significant improvement in its social infrastructure has drawn the attention of many. Many well-reputed schools, including The Lexicon School, GIIS International School, Pawar Public School, and Venus World School, provide quality education to the children of Hadapsar. Several multispecialty and specialised hospitals are also in Hadapsar. Many shopping malls, restaurants, and cinemas tend to the residents’ entertainment. Most of all, the easy accessibility to other parts of Pune gives residents endless options for recreation. 

Availability of Residential Property

Hadapsar is an important commercial area but has also gained a reputation as a sought-after residential location. The presence of many corporate offices has necessitated the development of residential properties for employees and their families. As such, Hadapsar is now a hub for prime residential and commercial real estate. 

Residential rates in Hadapsar, Pune

According to propertypistol.com, the property prices in Hadapsar can range from ₹5000 to ₹ 10,000 per sq. ft, depending on the location and type of property. Data from magicbricks.com shows that the properties in Hadapsar have appreciated by 40% since 2018. Thus, Hadapsar has proven to be one of the best regions in Pune for residential investment. 

Hapadsar has a mix of villas, plots and apartments for potential buyers. However, apartments are in high demand as young professionals working in the nearby IT offices seek to buy or rent their first homes. 

Best Residential Projects in Hadapsar, Pune

Joyville Hadapsar Annexe and Joyville Sky-Luxe are two properties which offer spacious, well-designed homes in Hadapsar. 

Joyville Hadapsar Annexe offers 1, 2 and 3 BHK flats starting at just Rs.45 lakh. The development spans approximately 21 acres of open living spaces with more than 60 amenities at your disposal. 

Joyville Sky-Luxe, on the other hand, is a luxury offering with 3 BHK Penthouses and 3 BHK Duplexes in Hadapsar that elevate your lifestyle. Spread over 9 acres with world-class amenities, Joyville Sky-Luxe is the luxury retreat your family deserves. 

Bask in Pune’s culture and history at Joyville’s Hadapsar Annexe and Sky-Luxe in Hadapsar. Visit www.joyvillehomes.com to know more.

Originally Published at - https://realestateandepc.wordpress.com/2023/08/08/5-reasons-why-you-should-consider-living-in-hadapsar-pune/

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. 

---

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/