Equipment

"Revolutionary Tech Advancements in Self-Driving Cars"

Excon, South Asia's largest exhibition for construction equipment, organised by the Confederation of Indian Industry (CII), is scheduled to be held from 12 to 16 December 2023, at the Bangalore International Exhibition Centre (BIEC) in Bengaluru. The Government of Karnataka is the host state for Exc...

Excon, South Asia's largest exhibition for construction equipment, organised by the Confederation of Indian Industry (CII), is scheduled to be held from 12 to 16 December 2023, at the Bangalore International Exhibition Centre (BIEC) in Bengaluru. The Government of Karnataka is the host state for Excon 2023. The event will be spread over 3000 billion sq ft of display area and is expected to attract over 1,200 exhibitors from India and abroad including countries like Austria, China, Czech Republic, France, Germany, Italy, Romania, Russia, South Korea, Spain, Sri Lanka, Turkey, United Arab Emirates, United Kingdom, United States of America. Speaking about the event, Deepak Garg, Managing Director, Sany Heavy Industry India, said, “We are excited to present the 12th edition of Excon, embracing the theme ‘Building India's Tomorrow’. This theme encompasses the core principles of technology, globalisation, sustainability and inclusiveness. Excon 2023 is more than just an event; it serves as the driving force behind India's continuous progress, symbolising our robust infrastructure development and solidifying India's prominent position as a global hub for construction equipment manufacturing.” In 2023, the construction industry is on the cusp of a technological revolution, driven by several key innovations. Generative Artificial Intelligence, an advanced technology, is optimising the design process, generating highly efficient and innovative designs. Technology plays a pivotal role in facilitating gradual expansion and improving efficiency in the sector. Moreover, the construction equipment industry is positioning itself for remarkable growth, targeting over 15 per cent year-on-year increase in the next five years. This ambitious goal underscores their commitment to provide cutting-edge machinery and equipment, which is needed to support the industry’s transformation, ensuring that construction projects across the nation are not only innovative but also executed with enhanced efficiency and precision with a focus on sustainability. India’s economic progress is closely linked with the infrastructure sector’s vitality, which has garnered significant government focus. Demonstrating a strong commitment to this cause, the government has earmarked a substantial allocation of Rs 10 trillion, equivalent to an impressive $130.57 billion, to strengthen this sector. The government has recognised the immense size and potential of technology within the construction landscape. As part of a technology submission under PMAY-U, they have identified 54 innovative global technologies, heralding the dawn of a new era in the Indian construction technology sector. This initiative is expected to pave the way for a more inclusive roadmap for all stakeholders. Excon 2023 boasts a multitude of highlights, including an exclusive focus on Alternate Fuels, Artificial Intelligence Pavilion, Aatma Nirbhar Bharat, Skills, Women operating construction equipment and machinery, conferences on defence and paramilitary, green construction focusing on sustainability and Internet of Things, and automation in the construction engineering sector, among others. Excon serves as a dual-purpose platform, offering opportunities for both marketing and education to all stakeholders. Government officials and senior bureaucrats have leveraged it as an educational forum for multiple departments, including public works departments (PWDs) and civil engineering departments, private contractors, builders, road and infrastructure developers, smart city and urban planning experts, the army and Border Roads Organisations. This platform enables them to observe the latest displays of technology, equipment and machinery, facilitating the nation's accelerated infrastructure development requirements. The event will highlight leading construction equipment manufacturers as they showcase the adaptability of their machinery and the advancement of construction technologies. Of utmost significance, these exhibitors will present economical solutions aimed at accelerating project execution for builders and contractors, placing a strong emphasis on upholding standards of quality, safety and environmental sustainability. The Indian Construction Equipment Manufacturers’ Association (ICEMA) is the sector partner for Excon 2023. Infrastructure Equipment Skill Council (IESC) and the Builders Association of India (BAI) are supporting partners.

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Technology

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

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Resources

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

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Real Estate

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

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