#Poddar Construction Company

[poddar123]

Are you ready for Challenging Careers in Maths?

Mathematics is a subject that has uses and applications in most career fields ranging from technology to medicine. Candidates who specialize in Mathematics and associated subjects like statistics often have strong job prospects. If you have an interest in this subject, you may benefit from knowing more about the career paths you can choose with a formal academic background in Mathematics. Poddar International College, one of the best College in Jaipur provides best UG/PG in Mathematics along with other diverse courses.

Auditor

Despite changing financial regulations, there's a shortage of auditors providing essential services. Auditors review financial accounts, ensuring legal and accurate financial statements. The role can also be advisory, suggesting risk mitigation and cost-saving measures.

 Statistician

With the data influx, the role of a Statistician has become one of the fastest-growing Maths careers. Statisticians analyze data to enhance operations, make business decisions, and predict outcomes, with job demand projected to increase by 33% in the following five years. 

There are many professional skill and soft skills enhancement sessions at Poddar International College.

Actuary

Actuaries analyze financial risks and uncertainties, using Maths to make accurate predictions. Their insights aid businesses in developing policies to manage risks, making them essential to the insurance industry.

Financial Analyst

High-paying Financial Analyst roles evaluate investment opportunities in various sectors. Responsibilities include assessing financial data, examining trends, and advising on future prospects. Gaining work experience and industry knowledge is crucial in this competitive field.

Budget Analyst

Almost all industries employ Budget Analysts to review budget proposals and help companies decide how to allocate funds for operation. They build budgets with the help of management officials and department heads by creating cost-benefit analyses. 

Economist

Economists study the relationship between resources and production, influencing policies such as tax laws and trade agreements. Their role includes research, data collection, and presenting findings to recommend solutions to economic issues.

Chartered Accountant

Chartered accountants offer financial advice, audit accounts, and provide insights into financial records. They play a pivotal role in maximizing profitability for clients and are in high demand due to their specialized skills.

Data Scientist

Data Scientists analyze vast datasets to identify patterns and suggest improvements. Their skills in machine learning and data mining enable them to present accessible data-driven suggestions to businesses.

Poddar International College enables students to be more professional and knowledgeable.

Research Mathematicians

Research Mathematicians contribute to our understanding of complex theories, applying them to solve real-world problems. They engage in abstract research that aids various industries. Many academic activities like Maths Olympiads are organized at Poddar International College.

Quantity Surveyor

Quantity surveyors manage construction costs, ensuring projects adhere to legal standards and budgets. Their role is crucial in the booming construction industry. With ever-growing reliance on data and technology, mathematical expertise is not only valuable but also essential for shaping our modern world. What is most important is to choose best College in Rajasthan like Poddar International College.

[wealthview]

Kaushalya Logistics IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

New Post has been published on https://wealthview.co.in/kaushalya-logistics-ipo/

Kaushalya Logistics IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

Kaushalya Logistics IPO: Kaushalya Logistics is a part of the Poddar Group, a diversified conglomerate involved in construction, warehousing, logistics, commercial space development, and e-commerce. The company offers integrated logistics solutions, including surface transportation, warehousing, and distribution services across India. It operates through a network of over 85 branches and 500 owned or leased vehicles.

Kaushalya Logistics IPO Key Details:

Issue dates: Open – December 29, 2023; Close – January 3, 2024; Listing – January 8, 2024 (tentative)

Offer size: ₹36.60 crore

Price band: ₹71 – ₹75 per share

Minimum order quantity: 1600 shares

Recent News Updates:

The IPO has garnered some interest due to the company’s strong revenue growth (from ₹63.59 crore in 2022 to ₹632.16 crore in 2023) and its association with the established Poddar Group.

However, it is important to note that the logistics sector is highly competitive and faces pressure from rising fuel costs and economic uncertainties.

The grey market premium (GMP) for Kaushalya Logistics IPO is currently at ₹30, indicating potential investor optimism.

Kaushalya Logistics IPO: Offer Details

Types of Securities Offered:

The Kaushalya Logistics IPO will offer only equity shares of the face value of ₹10 each.

Reservation Percentages:

Qualified Institutional Buyers (QIBs): 50%

Non-Institutional Investors (NIIs): 15%

Retail Investors: 35%

Minimum Lot Size and Investment Amount:

The minimum lot size for the IPO is 1600 shares.

At the upper price band of ₹75 per share, the minimum investment required would be 1600 shares * ₹75/share = ₹1,20,000.

Kaushalya Logistics Company Profile:

History and Operations:

Founded in August 2007, Kaushalya Logistics has over 16 years of experience in the Indian logistics space.

Originally focused on real estate, the company transitioned to integrated logistics and C&F services in 2012.

It operates through two main verticals:

Cement Logistics: Providing customized solutions for Dalmia Cement Bharat Limited, including transportation, packing, delivery, and documentation.

Retail and E-commerce: Distributing electronics and white goods across India through a major online platform.

Recently entered the commercial real estate leasing business in FY 2022-23.

Market Position and Share:

While precise market share information is not readily available, Kaushalya Logistics holds a leading position in the cement logistics segment within its region, serving a major player like Dalmia Cement.

Its e-commerce distribution vertical also provides an entry into a rapidly growing market.

Key Facts:

Network of over 85 branches and 500 owned/leased vehicles across India.

Revenue growth from ₹63.59 crore in 2022 to ₹632.16 crore in 2023.

Part of the established Poddar Group, with diverse business interests.

Prominent Brands and Partnerships:

Preferred partner of a major online e-commerce platform for electronics and white goods distribution.

Strong association with Dalmia Cement Bharat Limited.

Milestones and Achievements:

Consistent revenue growth over the past few years.

Successful diversification into new verticals like e-commerce and commercial real estate.

Strong relationship with a recognized brand in the cement industry.

Competitive Advantages and USP:

Experience and established presence in the cement logistics segment.

Diversification into high-growth markets like e-commerce.

Part of a diversified group with established market presence and resources.

Kaushalya Logistics IPO Financials:

Recent Financial Performance:

Revenue growth: Kaushalya Logistics has experienced impressive revenue growth, jumping from ₹63.59 crore in FY 2022 to ₹632.16 crore in FY 2023. This translates to a nearly 10-fold increase year-over-year.

Profitability: The company turned profitable in FY 2023, posting a net profit of ₹25.53 crore after incurring losses in previous years. However, it’s important to note that the profit margin is still relatively thin at around 4%.

Debt levels: Kaushalya Logistics has no significant debt on its books, giving it a financial advantage compared to some competitors.

Key Financial Ratios:

P/E ratio: Based on the IPO price band of ₹71-75, the P/E ratio would range from 2.84 to 2.96. This is significantly lower than the average P/E of the logistics sector in India, which hovers around 15. This lower P/E could be seen as a potential positive for investors.

EPS: The earnings per share (EPS) for FY 2023 is estimated to be around ₹3.40 based on the upper price band.

Debt-to-equity ratio: As mentioned earlier, Kaushalya Logistics has no debt, resulting in a debt-to-equity ratio of 0. This is considerably lower than the industry average, indicating a healthy financial position.

Kaushalya Logistics IPO Objectives:

Reasons for Going Public:

Kaushalya Logistics has outlined three main objectives for its IPO:

Repayment of unsecured loan: The company plans to utilize a portion of the raised funds to settle an existing unsecured loan. This would improve its financial health and reduce interest burden.

Funding working capital requirements: The IPO proceeds will help cater to the company’s growing operational needs by bolstering its working capital position. This enables smoother day-to-day operations and potentially fuels expansion plans.

General corporate purposes: The remaining funds will be used for general corporate needs, which could include investments in technology, infrastructure, marketing, or acquisitions, aligning with the company’s future growth strategy.

Kaushalya Logistics IPO: Lead Managers & Registrar

Lead Managers:

Khandwala Securities Limited: The sole lead manager for the Kaushalya Logistics IPO. While Khandwala has experience managing several small to mid-sized IPOs, its track record in handling logistics-specific offerings is limited. Some recent IPOs they managed include Anmol Chemicals Limited and Ajanta Pharma Limited.

Registrar:

Skyline Financial Services Private Ltd: The registrar for the Kaushalya Logistics IPO. Skyline is a well-established registrar with a good track record, handling hundreds of IPOs across various industries, including logistics companies like VRL Logistics Limited and TCI Express Limited. Their role involves maintaining the IPO records, processing share applications, and facilitating post-listing services like dividend payments and stock splits.

Kaushalya Logistics IPO: Grey Market Premium (GMP)

Current GMP and Comparison:

The current Grey Market Premium (GMP) for Kaushalya Logistics IPO as of today, December 27, 2023, is ₹30 per share. This translates to a premium of around 40% over the upper price band of ₹75 per share.

Compared to recent listings, this is a moderate GMP. For example, the GMP for Azad Engineering, which listed on December 22, 2023, was ₹300 per share, representing a 57% premium. Conversely, the GMP for Shanti Spintex, listed on December 21, 2023, was only ₹7 per share, indicating a subdued sentiment.

Kaushalya Logistics IPO Risks:

While the Kaushalya Logistics IPO presents potential opportunities, it’s essential to consider the associated risks before investing. Here are some key concerns to ponder:

Industry Headwinds:

The logistics sector in India faces competition from established players, rising fuel costs, and potential economic slowdown, which could affect the company’s growth and profitability.

Company-Specific Challenges:

Kaushalya Logistics’ dependence on a few key clients, particularly Dalmia Cement, raises concerns about vulnerability to client-specific risks.

Short track record with limited profitability and recent surge in revenue might warrant caution.

The reliance on the IPO proceeds for working capital needs could indicate potential resource constraints.

Financial Health:

While debt-free status is positive, the thin profit margin and limited financial data publicly available pose some opacity.

The use of IPO proceeds for loan repayment, working capital, and “general corporate purposes” might lack specific details for investors seeking clearer growth plans.

Be informed, analyze carefully, and invest wisely!

Also Read: How to Apply for an IPO?

[theblogging10112389posts]

Panvelkar Nisarg, Live the way you desire.

Fascination! it is the word that revolves around our lives now, all of us are looking forward to living a life that is fascinating, an apartment to live in that is fascinating, but the question is “do we have the wealth to pay for this Fascination”?

The answer is yes!

Whenever we think of living a fancy life, we consider every fancy element from lavish facilities to the enthralling surroundings that we think are only accessible in the metropolitan area. But what if I suggest that we can live the same fancy and luxurious life at a low cost with extra benefits. Obviously, it’s a statement that makes us lost in wonder, but there is an explanation for it. 

“Thane” is the place! 

Yes, Thane offers us the fascinating life we desire for. It puts forward the property and life we want to live in it at a cost that we can afford. In addition to that, it also offers us the calm and greenery surrounding accompanied by all the modern amenities.

In order to fulfill this need, ‘Panvelkar Group’ has come up with a wonderful project called “Nisarg” located at Badlapur, Thane.

Nevertheless, when it comes to investing the money we have to look beyond the fascinating looks and lifestyle. So, let us gain some information on the Panvelkar Group.

The Panvelkar Group is a well-known developer who creates exclusive apartments with a distinctive character. The group has a strong emphasis on value-based housing catering. Panvelkar Group's experience in land acquisition, consent & construction, project assistance, and leasing & distribution.

Over the years, the company has undertaken more than 80 projects around the suburbs of Mumbai, creating over 67,14,991 sq. ft. Municipal and agricultural landscapes. Since then, the organization has extended its portfolio to include numerous vertical venues such as banquets, premium resorts, water parks, excavations, city clubs, etc.

They have solid financial resources and a high degree of corporate governance. And with more than 30 years of experience in real estate, they have a good track record, delivering more than 80 projects across the suburbs of Mumbai, spanning over 67,14,991 sq. ft. It also provides seasoned and skilled management with a high bandwidth management project.

Now that we know enough to gain confidence in the developer and the project delivered by them. So, let’s move on to the knowledge about the apartment offered by them.

Panvelkar Nisarg in Badlapur (East), Mumbai is a residential project of the Panvelkar Builders Community. The project provides apartments with a great mix of modern architecture and amenities to guarantee a comfortable life. Panvelkar Nisarg is spread over a total area of 1,61 acres of land and consists of three towers. The building has 8 floors. The project is made up of 119 units.

The 1 BHK and 2 BHK apartments in Badlapur East have been built for convenience, superior features, and amenities. Nisarg has facilities such as a swimming pool, lifts, a children's playground, a gymnasium, and much more. 

The Panvelkar Nisarg Builders Community is geographically situated in East Badlapur,

and the following locations are located in near proximity to it: Poddar Brio International School - 2.7 km, Axis Bank - 3.4 km, Chhatrapati Shivaji Maharaj Hospital - 3.1 km, Badlapur Train Station - 4.6 km, Adarsh College of Arts & Commerce - 3.4 km.

Whether you want to reside, give it on rent, or looking for a property to invest in. The project offered by Panvelkar Group is not just available at an affordable price but also comparatively budget-friendly making “Nisarg” a worthy and non-negligible property to invest in for all the desired purposes.

  Now, Live a Luxurious and fascinating life with your Family at Nisarg.

[poddarhousing]

Poddar Housing however offers low budget homes in Chembur like Poddar Spraha Diamond which proves to be the epitome of tranquillity as it is just a stroll away from the Diamond Garden. This property has efficient security systems along with usage of latest engineering technique of aluminium formwork technology

[alvydental]

Which Infra projects could influence your home purchase?

As per Knight Frank research, Metro Line 3 passes through some of the most congested markets of South Mumbai (such as Kalbadevi, Girgaon, Grant Road, among others). It will aid people travelling to commercial business districts such as Lower Parel, BKC, Andheri East and SEEPZ. As this Metro Line passes through already established saturated markets, not many vacant land parcels are available for new development. However, some established markets are likely to witness further demand. For instance, BKC lacks connectivity through railways, and Metro Line 3 is the first project to bring rail connectivity to BKC. Corporates are setting up base here due to the infra developments, price affordability and availability of mid-segment and luxury properties. The Marol-MIDC belt will also get a boost because of this Metro project. Once implemented, Metro Line 3 would reduce traffic on the corridor by about 35 per cent or by 4.5 lakh vehicles leading to decongestion of roads. Lower Parel will also benefit from this Metro line, especially since it is home to several luxury projects, reputed educational institutes, retail and entertainment destinations, fine dining restaurants and more.

Mumbai Trans-Harbour Link Length: 21.8 km  Connectivity: It will connect Sewri in Mumbai to Nhava Sheva in Navi Mumbai Current status: As of March 2021, 38 per cent of the construction work was completed

As a result of the MTHL, micro-markets such as Dronagiri, Ulwe and other neighbouring localities in the Nhava Sheva region will see greater residential demand. It will also open up land parcels for real estate developments, especially for affordable housing projects. “About 5,579 residential units have been launched in the Navi Mumbai belt in 2020 and this region is also accessible, affordable and has appreciation potential with good social infrastructure and workplace hub integration. Besides, the presence of green surroundings gives it an edge if you are looking to live in the city and yet be away from congestion,” says Rohit Poddar, managing director of a leading real estate company.

Coastal Road Length: 22.2 km  Connectivity:This freeway would run along Mumbai’s western coastline connecting Marine Lines in the south to Kandivali in the north  Current status: The BMC has completed 330 metres of tunnelling work till April 2021

As per Knight Frank research, the premium markets such as Colaba, Napean Sea Road, Worli and Bandra West will witness a further price rise as the commute time will shrink significantly along the route. Also, Malad, Charkop and Goregaon west will benefit from this project. “Construction of the Coastal Road will not only help to decongest the city, but also minimise the escalating traffic woes by easing connectivity between the south and the western suburbs. These suburbs have an edge over other micro-markets because of rightly priced property, modern amenities and supporting infrastructure,” adds Subhankar Mitra, managing director, advisory services (India), Colliers.

Goregaon-Mulund Link Road Length: 12.7 km  Connectivity: It will connect Film City in Goregaon to Mulund Current status: The BMC has re-invited tenders for the construction of the road 

The BMC in its Budget this year allocated Rs 1600 crore to the Goregaon-Mulund Link Road (GMLR) project. The BMC has undertaken this project to ease traffic on the east-west corridor. Once completed, the GMLR will connect Film City in Goregaon to Mulund, and a journey that currently takes over an hour will be reduced to 15 minutes. “Mulund has connectivity with the business districts of Thane, Powai, Andheri, Airoli and BKC as well as South Mumbai via LBS road, JVLR, Eastern Express highway, SCLR and the Eastern freeway. Reputed real estate developers have already established their footprint here, thus providing buyers with multiple options. Mulund also boasts of excellent social infrastructure such as hospitals, well-known educational institutes and malls. Once GMLR is completed, it will further propel the demand for real estate in and around this locality,” elaborates Rohit Garodia, managing partner, Pecan Reams. 

[rajsinghj]

Bhumika group raises Rs 100 crore, in talks to raise more for Udaipur mall

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Bhumika group raises Rs 100 crore, in talks to raise more for Udaipur mall

NCR: The company is in talks to raise another Rs 200 crore debt to fund the construction of phase 2 of its 3.5 lakh sq. ft. retail space in Udaipur based Urban Square mall. Majority or phase 1 has already been leased out.

NCR-based realty developer Bhumika Group has raised close to Rs 100 crore between debt and two Lease Rental Discounting (LRD) transactions, said Uddhav Poddar, MD of Bhumika Group.

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The company is in talks to raise another Rs 200 crore debt to fund the construction of phase 2 of its 3.5 lakh sq. ft. retail space in Udaipur mall. Majority of phase 1 has already been leased out.

The tenants have started fit outs in the mall that will be the largest in Udaipur and will become operational in August 2022.

“Keeping in mind the demand for more space, we have advanced the construction of phase 2, which will be of a similar size. In addition to the retail area, there will be a hotel and office tower as well,” Poddar said.

Companies that operate rental assets raise money from banks through lease rental discounting using rental receipts as collateral. In LRD, the bank considers the long-term rental income of the company and loan repayment is done using the rental income.

“In the next phase of our mall in Udaipur, we will invest another Rs 400 crore at the group level. We also have a logistic business and the funding will be used to expand that business,” Poddar said.

The group is in talks for a joint development agreement with the land owner to develop villas and low-rise buildings in Udaipur and Alwar.

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The residential township in Udaipur and Alwar will be spread across 15-20 acres.

“We are also planning a retail project in Jaipur. Post pandemic, tier 2 cities have emerged as the main destination for retail stores. Many luxury brands are also willing to open stores in these cities,” said Poddar.

Urban square is one of the few projects in Udaipur, where construction is going as per the schedule timelines.

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“The mall’s utility is demonstrated by the regular attention displayed by prominent brands in it. We’ve always talked about positioning, and this mall will help brands achieve their goals.

The goal is to provide the greatest lifestyle for the city’s residents, while also catering to the international tastes of visitors,” Poddar said.

Bhumika Group also has plans to expand in cities like Jaipur, Jodhpur, Kota, Bikaner, Ajmer & Delhi NCR.

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[developerspashmina12]

5 Reasons To Buy Luxury 2Bhk & 3 Bhk Flats in Pashmina Developers  Powai

In recent years, Powai has attracted the attention of several companies, wholesale chains and real estate developers. This place is the heart of Mumbai. Everyone who visits Powai is amazed by the beautiful neoclassical architectural style. Pashmina Developers Powai Introducing new projects of 2 and 3 bhk in Powai. The project offers an Apartment with the perfect combination of contemporary architecture. Lake Riviera Powai is the best bet for those who wish to live a luxurious lifestyle in a modern residence with the above attributes of Powai. Proximity to malls such as Andheri, Powai and BKC contributed to its growth and development. Before we start listing the reasons why you should stay in Powai, think about what comes to your mind when you hear “powai”. Yes, that's why you live here. Let's see if you can find it here:

 1. Easy travel and connectivity

Lake Riviera Flats in Powai  have an excellent road network and are connected to the business and IT areas of Andheri East, Eastern & Western Express Highways. Sakinaka is the closest metro station to Powai and in 2-3 years Powai will have its own Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg metro line.

 2. Recreation and greenery

Pashmina developers powai  promises a breath of fresh air even in the midst of high levels and commercialization. Nirvana Gardens, mountain views, green open spaces and last but not least, Powai Lake is the most popular green tourist destination representing an escape from the busy world. Powai not only ensures lush greenery and relatively low pollution, but also ensures the use of recycled water for gardening and construction, and carries out proper waste management to maintain an ecological position.

 3. Shopping, facilities and entertainment

Thriving nightlife and a variety of shops, restaurants and fashion districts - Powai  have it all. Regular events and cultural programs organized by various cultural groups make it the heart of Mumbai during the festival season.

 4. Health and education institutions

Powai comprise a number of prestigious schools and institutions including the most prestigious “IIT Bombay” in Powai along with institutions such as Hiranandani Foundation School, Nahar International School, Pawar Public School, S.M. Sheti and Poddar Gymnasium.

 5. Commercial area

Powai is a center for trade and business, especially in the IT sector. Powai has various corporate offices such as Wipro, L&T, Deloitte, Colgate-Palmolive, JP Morgan, TCS, Sanofi and others which make Powai a strong business center. Powai is also fast becoming a city launch hub and is expected to soon become India's next Silicon Valley. Powai also offers a wide selection of collaborative workspaces. And the list can be continued indefinitely. Powai is a blend of sophistication combined with a choice of greenery, business and entertainment.

[poddargroup]

Reasons Why Kalyan Is One of the Conducive Places to Live

Thane district has thrived to stand on the same podium as that of the other prominent commercial hubs in Mumbai City. In the past decade, a variety of industries and companies have set their base in this district owing to the efficient infrastructure development undertaken by the Maharashtra govt to provide an alternative to the core Mumbai areas.

The major factor for the successful execution of this development is that each ward is managed by individual municipal corporations. With the common guidelines for the district, each region has been officially transformed into a self-sufficient urban city.

This has opened a whirlwind of opportunities for homebuyers for affordable, feasible, and secured living.

Kalyan is one such city that has become a preferred location for setting up a business and rooting your family in. As the 7th largest city in Mumbai, the scale at which the city operates gives you an estimate of the burgeoning real estate market of the city.

Here are a few factors that substantiate this claim:

Narrowing the Gap Between the Main City and the Extreme Outskirts

Kalyan is conveniently situated as a three-way connecting point– CSMT, Kasara, and Khopoli. Its proximity to Thane city has allowed the residents to access the main adjoining employment hubs of Mulund and Thane.

Apart from this, Kalyan station is a layover for journeys towards outstation cities, with direct trains running to Nashik and beyond. People seeking the thrill of quick travel plans can access modes of transport easily from Kalyan.

The direct Central Line of the Mumbai Suburban Railway network is the key factor in enhancing the real estate value of Property in Kalyan. The rest of the city can be accessed in under an hour.

While the developed cities such as Bhiwandi, Badlapur, Titwala, Ulhasnagar, Ambernath rely on Kalyan station to connect them to the main city.

Inclusion in the Project of Smart City

The Kalyan-Dombivali twin cities have been included in the initiative of incorporating smart cities in Mumbai. Located in the Western half of Maharashtra, the Kalyan Dombivali project was initiated with one mission in focus– to develop abundant areas into smart cities that can assimilate a large marginal population.

The first target was to enhance the real estate of this area with three main components.

~Retro-fitting to restore the existing infrastructure, integrating with upgraded technology.

~Redevelopment to uproot the existing structure from the foundation and create new high-rises and quality architecture to assure more robust structures.

~Greenfield Projects in Kalyan are more cost-effective than in other areas due to spacious grounds for construction.

Other important benefits that have facilitated the residential growth are:

~ Due to excellent rail connectivity, over 10 lakh commuters are benefited daily. Also, the low vehicular density(145 per 1000) relieves the traffic issue.

~Affordable housing with the lowest property rates has encouraged more homebuyers in the last 5 years, with surging demand for Flats in Kalyan.

~ Moreover, all the essential supplies are accessible 24/7. The water supply network coverage suffices the city.

~Under Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Kalyan Dombivali has achieved 100% of city-level reforms.

~Traditionally compact, mixed-use, and transit-oriented development have been implemented under the smart city Kalyan Dombivali initiative.

Introducing New Residential Projects Frequently

Real estate developers have monetized on the potential of this city as a variety of new projects are launched that are under construction. Such projects are a perfect investment opportunity at the ground level, offered at lower rates.

Poddar Housing Kalyan has recently launched Lakshya City Kalyan-Shahad. This extensive project is spread across 18 acres with over 50 amenities, curated by six world-class brands. Check out this affordable project offering 1 BHK in Kalyan at the starting price of just INR 29.9 lakhs. Get more information on their website to experience the epitome of this smart city.

[mad4india]

Abhishek Banerjee, a 22-year-old Construction Engineering student from Kolkata came up with a Make in India solution to plastic recycling and make use of the plastic waste to make plastic bricks. According to a report, India produces over 25,000 tonnes of plastic waste daily, much of which results in landfills. After immense research and teaming up with his fellow mates, Abhishek started Plastiqube, a construction brick made entirely from plastic waste.

Founder’s Background

Abhishek Banerjee pursued his undergraduate degree in Construction Engineering from Jadavpur University, Kolkata. And he is currently pursuing his M.Sc in Management from Nyenrode Business University, Netherlands. He also completed his global management program from S.P. Jain Institute of Management and Research, Mumbai, India.

Abhishek also has work experience of 2 years in the construction industry as a technical consultant driving sales for fire protection products in East India.

An Initiative

During a high school field trip to a brick kiln in West Bengal, the poor working conditions and risks in the brick clay industry caught his attention. He was also surprised by the environmental implications of this industry. For instance, burnt-clay brick production is a high pollution industry using fundamental production technologies that consume 35-40 million tonnes of coal every year.

Both shocked and inspired by the social conditions he came across in this industry, Abhishek decided to set out on a journey to change the world. He set his eyes on plastic recycling and tackle plastic waste.

Plastiqube – Mission to Change the World

Qube, a social enterprise, was started by four budding entrepreneurs named Abhishek Banerjee, Agnimitra Sengupta, Ankan Poddar, and Utsav Bhattacharya. Their primary aim is to change the world, one brick at a time. The major focus of the company is to develop construction bricks made of plastic waste by recycling plastic waste. By doing so, they are addressing the plastic waste disposal issue and empowering the workers subjected to abysmal working conditions in the traditional burnt-clay brick sector in India.

Qube has teamed up with several waste collectors to gather plastic waste from dustbins and junkyards from the locality. After the collection of the plastic waste, the further process such as cleaning, shredding, and heating is done and then compressed into bricks.

Suggested For You Who is Ranjeet Singh Disale? First Indian to win Global Teacher Prize worth $1 Million

Qube is grateful for being supported and endorsed by Jadavpur University as well as India’s Ministry of Micro, Small and Medium Enterprise. Each Plastiqube brick costs Rs. 5 – 6 which is 8 cents whereas average clay bricks cost around Rs. 10 which is 10 cents. One unique quality of Plastiqube is that they don’t use mortar-like traditional bricks.

The Product

Starting with a mission in mind to change the way we build, Plastiqube started making bricks out of plastic wastes. The best part about these bricks is that they do not need the use of any mortar as it has an interlocking effect. We can interlock it because of the presence of grooves on its surface. The mechanism of these bricks is like that of Lego bricks.

Some additional features of the Plastiqube bricks are:

Light-weight [50% lighter]

High durability [Non-biodegradable]

Plastic agnostic [Recycles all grades of plastic]

Water repellent [No efflorescent]

Thermal and sound insulating properties

Plastiqube requires no plasterwork and uses less cement. They help in faster construction work using fewer workers. As the entire process is done at a comparatively lower cost, which makes it cost-effective and is eco-friendly too. The energy required for making Plastiqube is around 70 percent less than that of traditional bricks.

The Success Story

Abhishek’s praiseworthy hard work and dedication have earned him deserving recognition. He was a regional finalist for the United Nation’s 2018 Young Champions of Earth Awards. All the four founders were named among Forbes “30 under 30” Social Entrepreneurs for Asia. He’s also a part of Yunus and Yunus Global Fellowship, which trains and supports young social entrepreneurs.

To know more about Plastiqube, please check – Website, Facebook, YouTube, and LinkedIn.

To know more about Abhishek Banerjee, please check – LinkedIn.

If you know more inspirational stories about a person, company, new idea, or social initiative, and want us to write it on mad4india.com, share such information with us on Facebook and LinkedIn.

[amitbwadhwani]

Union Budget 2019: Here's a wish list from the real estate sector

Real estate contributes 7 percent to the country's GDP and generates 14 percent of employment.

The government is urged to create a stressed asset fund for completing delayed projects.

The newly formed National Democratic Alliance government led by Prime Minister Narendra Modi is getting ready to present its first Union budget on July 5. Various industries are pinning high hopes on Finance Minister Nirmala Sitharaman, who is already saddled with multiple issues including the slowing economy, liquidity crunch owing to the non-banking financial companies (NBFC) crisis, increasing unemployment and rising non-performing assets (NPAs) of banks.

Real estate contributes around 7 percent to the country's GDP and generates 14 percent of total employment. Despite the Modi government's efforts to improve the sector, real estate industry continues to see de-growth with homebuyers complaining about delayed projects and unfulfilled promises.

Many home buyers and industry representatives have been urging the government to take steps for the creation of a stressed asset fund to deal with the issue of incomplete projects and provide an EMI holiday to those whose houses have been facing undue construction delays.

"The expectations from industry stakeholders revolve mainly around redressing liquidity crunch, which is imperative to fuel India’s growth engine. The choking of liquidity is taking a toll on the health of realty companies and further inflicting financial damage. Quick corrective steps should be undertaken by apex bodies and the government to pump in enough liquidity in the system to bring economic growth on track," said Niranjan Hiranandani, national president of Naredco and managing director of Hiranandani Group.

"The industry also looks for measures such as tax rationalisation by subsuming stamp duty in the GST, extending Input Tax Credit to the commercial segment, reducing corporate tax and abolishing of MAT to provide thrust to SEZ developments," he said, adding that "another expectation is to frame National Rental Housing Policy to meet the target of housing for all by 2022."

Amit Wadhwani, co-founder of Sai Estate Consultants, has agreed with Naredco president's views. “The rationalism of taxes by subsuming stamp duty in the GST is certainly one of our biggest expectations from the Union Budget 2019-20. The liquidity crisis due to NBFC defaults and rising NPAs of banks, along with the piled up unsold inventory due to weaker consumer sentiments on the back of unemployment, can hamper growth in the industry. The government is expected to carefully evaluate these aspects and take remedial measures," he opined.

However Wadhwani remains optimistic. "The cut in the repo rate by 25 bps to 5.75 percent ahead of this year’s budget can be marked as a positive sign for the sector, as this reduction will surely boost the demand for housing," he noted.

According to Ashok Mohanani, chairman of EKTA World, schemes like 80-IB, permitting input tax credit (ITC) in GST, removing deemed rent on unsold inventory and scrapping the Rs 45 lakh cap for affordable housing at least in metros will stimulate growth.

Farshid Cooper, MD of Spenta Corporation, hopes that the new government's first budget will put the economy and middle class at the forefront and takes a holistic approach to augment job growth in the real estate sector. "They should focus on affordable housing and all industry stakeholders are willing to support the government to ensure that 'housing for all' mission will regain momentum," he added.

Amit Ruparel, managing director, Ruparel Realty, is of the view that in the upcoming Union Budget, the finance minister should grant infrastructure status to the housing sector which will be encouraging for developers. "Furthermore, it will be an ideal situation if the GST is revised for construction materials such as cement to make them more affordable. Having a single window clearance is what we look up to, which will be beneficial for both the developers and the consumers, ” he observed.

Rohit Poddar, managing director, Poddar Housing and Development Ltd said: "A reduction in interest rates will help resolve the existing liquidity crisis and will ensure the monetary flow in banks and NBFCs. A clear road map for regulations is needed and further corrective measures should be taken to rationalise the GST."

“The reality of realty sector is that the industry is facing three major problems.  Increasing input cost due to abolishment of ITC and exorbitant development premiums, excruciating liquidity crisis due to NBFC defaults and rising NPA’s of banks and piling up of unsold inventory because of weak consumer sentiment and high unemployment. It is one of the worst phases for real-estate as an asset class, underperforming by leaps and bounds vis-à-vis others. Hence the wish list of the sector is long which was left ignored in the interim budget due to the government's focus on populist policies ahead of election,” Parth Mehta, managing director, Paradigm Realty said.

Shishir Baijal, chairman and managing director, Knight Frank India, suggested that the government should consider providing Industry status to real estate which would enable developers to raise funds at lower rates and augment their execution capabilities.

"Besides real estate, another prominent area of intervention is urban mobility. The government should accelerate its initiatives for infrastructure development which will provide cheaper land for housing and ensure better affordability. Further to meet urban housing requirements government should consider promoting the development of an institutional rental market," he added.

This article was originally published in English

www.cnbctv18.com

All rights reserved. Any act of copying, reproducing, or distributing this newsletter whether wholly or in part, for any purpose without the permission of Amit B Wadhwani is strictly prohibited and shall be deemed to be copyright infringement.

[simon-india]

Simon India Limited is a renowned Engineering, Procurement and Construction (EPC) and EPCM Company with head quarter in Delhi/NCR. The company belongs to 3 Billion USD Adventz group led by Mr Saroj Kumar Poddar.. The ADVENTZ Group is an Indian conglomerate with global ambitions that participates in and contributes towards India’s economic growth and prosperity through transformational change.

[zavings]

Poddar Housing signs JDA with Sarthak and Shantishobha Ventures

Poddar Housing signs JDA with Sarthak and Shantishobha Ventures

The company is entitled to receive fully constructed 33,706 sq. ft. net usable carpet area.

[theblogging10112389posts]

Live at Rohan Abhilasha by your own Code

One of the well-known players in the market for residential real estate is Rohan Builders. With more than 25 years of experience, this business has made a mark with its excellent quality of work. They have over 10 projects in Pune and Bangalore pending, and 15 have been completed. They are recognized for their dedication to 'What You See Is What You Get'. Rohan Abhilasha that attracts your attention is one such Rohan Builders project. This residential project is an icon of the coming city, standing tall in one of the Lohegaon-Wagholi Road that the real estate markets.

Rohan Abhilasha is a construction project for multi-family apartments spread over 30 acres of land. Beautifully designed homes with wide-open spaces to ensure that you enjoy your room and time. The developers have made sure that there are enough green spaces of significant size that provide a breathing space to the city. Two green verticals were created at their intersection with a clubhouse standing when conducting such exploration. The project is designed to provide a spacious feeling between the blocks with the character for each one. The architecture facilitates ample wind flow between the blocks and offers excellent ventilation.

The location of the project also serves its purpose, with proximity to the major landmarks of the city. It provides excellent access to well-established cultural, educational, and critical healthcare institutions. The entertainment hubs are Phoenix Marketcity, Inorbit Mall, Hyatt Regency, and Novotel. Nearby workplaces include EON IT Park and Magarpatta Area. One of the largest and most famous hospitals, Columbia Asia Hospital, is also nearby. Adjacent educational centers are Poddar International School and Lexicon International School. Pune International Airport is only 9 km away, and the nearest train station is 15 km away.

Rohan Abhilasha has fresh equipment to load on. In every way possible, the developers have ensured the tenants remain happy and lively. The group offers projects for all to enjoy, whether they are children or the elderly. From the squash court to the patio garden, from the swimming pool to the party lawn, as well as the fitness center and clubhouse. Those indulgences would probably rob you over and over again. Many facilities include a cricket pitch, tourist accommodation, a multi-activity court, a daycare center, and the list goes on. The concept of green living has also been given attention by Rohan Builders. With wet waste collection plants, rainwater harvesting systems, and solar power for street lighting, architects have tried to be as green and energy-efficient as possible. Rohan Group is a respected company in the industry with its strong financial strength and exemplary corporate integrity. They were awarded for their ability to execute projects in compliance with the stated requirements and the deadlines given. They also engage in different social projects, apart from creating comfortable residential and industrial environments.

If you like any of the apartment configurations and want to buy them, you can get around half of the total down payment needed through this home down payment assistance program as a zero-cost EMI loan. This program focuses on helping first time home buyers financially to purchase their dream home early rather than late. For home buyers, HomeCapital has pioneered an interest-free Down Payment Assistance (DPA) program. They believe that everybody should get an opportunity to buy their dream house.

[poddarhousing]

Affordable Housing Projects for Sale in Mumbai

Mumbai attracts people from various cultures and cities seeking better career and business opportunities. It is a city of dreams as well as the financial hub of our country. But, renting or owning a home in Mumbai often takes a toll on most people. Fortunately, some real estate developers make available affordable housing projects.

There are several housing projects available in Mumbai at affordable pricing. If you’re planning to purchase a residential property, the following are a few affordable housing projects for sale in Mumbai, you could lookup.

1.Samruddhi Evergreens This project offers you affordable luxury apartments. Located in Badlapur, the property lies amidst nature. It is located minutes away from the Kalyan-Badlapur highway and Badlapur station. Samruddhi aims at enriching lives by providing several amenities such as a football ground, jogging track, badminton court, cricket pitch, kids’ area, skating rink and what not! It offers you beautiful 1BHK, 2BHK, and 3BHK apartments in Badlapur, Mumbai.

2.Balaji Estate   Dombivli is gaining a lot of buzz and admiration from realty developers, customers, and the government, alike. Balaji offers you luxurious and spacious yet affordable, 1 and 2 BHK houses in Dombivli. It offers a range of amenities such as clubhouses, indoor games, a gymnasium, swimming pool, children play area and much more which are economically priced. Located near railway stations like Nilaje, Kopar, and Dombivli, the property is also strategically located near the upcoming Navi Mumbai Airport.

3.Omkar Vive For those looking to invest in Mumbai, Omkar Vive makes available affordable properties in the city, one being in Bandra Kurla Complex. Omkar Realtors also makes available residential properties in areas that nestle around top-notch commercial buildings. Most of the properties are located near: Phoenix market City, Lilavati Hospital, Eastern Express Highway, Santa Cruz - Chembur Link Road (SCLR) and Western Express Highway.

Choosing the right property in Mumbai is certainly never easy. We hope that through this blog, you’ll be able to choose the right developer. We also hope to have made the task easier for you by listing the top 3 affordable housing projects.

[vsplusonline]

Affordable housing to cement a place in realty sector

New Post has been published on https://apzweb.com/affordable-housing-to-cement-a-place-in-realty-sector/

Affordable housing to cement a place in realty sector

The announcements by Finance Minister Nirmala Sitharaman for providing rental housing facility for urban poor and migrant labourers as well as extending the credit linked subsidy scheme (CLSS) under PMAY by one more year will give impetus to affordable housing and kick-start consumption of construction materials, according to analysts and developers.

Ashok Mohanani, chairman, Ekta World and president (elect) NAREDCO, Maharashtra, said “The announcement whereby the Centre would be providing ₹11,000 crore to the States that will help provide basic necessities such as food, water and shelter will give a temporary relief to the migrant workers. This measure will stop 60 to 65% of reverse migration which, in turn, will revive the construction activities. The extension of CLSS with the infusion of ₹70,000 crore will help in boosting the housing sector.”

Anshuman Magazine, chairman and CEO, India, south east Asia, middle east and Africa, CBRE said, “The announcement on affordable rental accommodation for urban and migrant workers under PPP partnership will open newer avenues for the construction industry.

“For middle-income group, the extension of CLSS up to March 2021, will further strengthen demand in the affordable housing segment.”

“The extension of CLSS for another year will help demand for the affordable housing sector to inch back as and when the economy starts to revive. This, in turn, will help the construction sector to restart operations at the earliest,” said Shishir Baijal, CMD, Knight Frank India. Sharad Mittal, CEO, Motilal Oswal Real Estate Fund, said, “The scheme on providing affordable rented houses to migrant labour under the PMAY scheme will provide long-term stability for them and may help in reinstating their faith during this current crisis.”

Mrinal Kumar, partner, general corporate, Shardul Amarchand Mangaldas & Co., said the government- funded housing in cities being converted to affordable rental housing complexes through PPP will give the much required impetus to revive the real estate sector and other related industries.

“The affordable rental scheme is a step towards addressing the issue of housing of urban poor and migrant workers and will provide them with access to quality accommodation and security to encourage these workers to not return to their native places in a crisis like COVID-19.”

He said extension of CLSS will become a key driver for boosting the economy and attract foreign direct investment into the sector. Rohit Poddar, MD, Poddar Housing and Development Ltd. said, “We look forward to the affordable rental housing complexes for migrant workers and urban poor as it will help address housing problems of these workers.”

Murali Malayappan, CMD, Shriram Properties Ltd., said the extension of CLSS is a breather for the affordable housing sector as it will boost the sale of affordable housing units as home buyers will continue to get loans from banks and housing finance companies at a subsided interest rate. “It will also fuel related sectors such as building materials, cement and steel,” he added.

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