Tools like BIM can enhance overall project efficiency
Real Estate

Tools like BIM can enhance overall project efficiency

Transcon Developers, a Mumbai-based real estate company, is known for its luxury projects. For over 25 years, the company has delivered over 0.5 million sq ft of recreational spaces across projects. It has more than nine ongoing projects and has serviced over 2,500 happy families. Shraddha Kedia-...

Transcon Developers, a Mumbai-based real estate company, is known for its luxury projects. For over 25 years, the company has delivered over 0.5 million sq ft of recreational spaces across projects. It has more than nine ongoing projects and has serviced over 2,500 happy families. Shraddha Kedia-Agarwal, Director, Transcon Developers, discusses various aspects of project planning and execution, including challenges faced and the role of software and technology, with R SRININIVASAN. Excerpts: What challenges has the company faced while sourcing raw materials for projects and how were they overcome? Transcon Developers has encountered several challenges in sourcing raw materials, including supply chain disruptions, price volatility and quality assurance. To overcome these, we have established strong relationships with multiple suppliers to ensure a steady supply of quality materials. Additionally, we have invested in technology to monitor and manage our supply chain efficiently, allowing us to anticipate and mitigate potential disruptions. By adopting sustainable procurement practices and exploring alternative materials, we have also managed to keep costs in check while maintaining high quality standards. What role does software play in project monitoring to ensure timely deliveries? Software plays a crucial role in project monitoring by providing real-time data and analytics, enabling better decision-making and efficient resource management. Project management software helps track progress, allocate tasks and foresee potential delays, ensuring timely deliveries. Tools like building information modelling (BIM) and project management platforms allow for seamless collaboration among stakeholders, reducing the risk of miscommunication and enhancing overall project efficiency. Please elaborate upon the role of AI in reducing the time and cost of projects. AI significantly reduces the time and cost of construction projects by optimising various processes. AI-powered algorithms can predict potential issues, automate routine tasks, and enhance design precision through machine learning models. This results in faster decision-making and reduced human error. Additionally, AI-driven tools can streamline supply chain management, predict maintenance needs and improve site safety, ultimately leading to cost savings and timely project completions. What air monitoring measures (dos and don’ts) should be carried out at construction and demolition sites? To address air quality concerns at construction and demolition sites, the following measures should be implemented: Dos: Install air quality monitoring stations at strategic locations. Use dust suppression techniques like water spraying. Ensure proper storage and disposal of construction materials. Implement green cover strategies such as planting trees around sites. Regularly inspect and maintain machinery to minimise emissions. Don'ts: Avoid open burning of waste materials. Prevent unnecessary idling of vehicles and machinery. Do not neglect covering trucks transporting construction debris. Avoid the excessive use of diesel generators. Refrain from conducting demolition activities without dust control measures in place. What should be done for business houses in India to properly manage their construction waste? To properly manage construction waste in India, the following steps should be taken: Enforce stringent regulations and guidelines for construction waste management. Encourage the recycling and reuse of construction materials through incentives and awareness programmes. Adopt advanced technologies for waste segregation and processing. Provide training and educational programmes for workers and stakeholders on sustainable waste management practices. Foster collaborations between government bodies and private enterprises to develop efficient waste management infrastructure. Kindly comment on barriers to the usage of green steel and green cement in projects. The primary barriers to the usage of green steel and green cement include higher costs, limited availability and lack of awareness among stakeholders. Green materials often come at a premium price, making them less attractive for cost-conscious projects. Additionally, the supply chain for these materials is not as well-developed as for traditional materials, leading to availability issues. There is also a need for greater awareness and education on the benefits of green materials to encourage their adoption. Overcoming these barriers requires concerted efforts from industry stakeholders, policymakers and consumers to create demand and support for sustainable building practices.

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CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

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Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

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Norwegian Fund Invests $20 Million in IPO-Bound SAEL

SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions. The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capi..

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