Smart Cities, Smarter Elevators
SMART CITIES

Smart Cities, Smarter Elevators

Rapid urbanisation has driven Smart City development in India. Over 100 cities have joined the mission, with 91 per cent of 8,075 projects (Rs 1.47 lakh crore investment) completed as of December 2024.The construction sector is driving the shift toward a connected, sus...

Rapid urbanisation has driven Smart City development in India. Over 100 cities have joined the mission, with 91 per cent of 8,075 projects (Rs 1.47 lakh crore investment) completed as of December 2024.The construction sector is driving the shift toward a connected, sustainable society, shaping residential, commercial, and public spaces. Metro cities lead in redevelopment, optimising land use and tackling infrastructure challenges. A key aspect of this transformation is vertical transportation, with rising demand for advanced elevators as cities grow upward.Elevators are no longer known for convenience, but as a modern urban fabric for high-rise buildings. Recent projections estimate that the Indian elevator market is expected to reach approximately US$ 7.79 billion by 2030.The integration of new technology and mechanical components are not only for elevator safety but also an enhanced passenger experience. Modern elevators are equipped with sensors and cloud-based monitoring platforms to enable real-time data analysis. These systems can predict maintenance needs and reduce elevator downtime by up to 50 per cent for uninterrupted service in high-traffic environments.Similarly, the TWIN elevator system can operate two independent cars within a single shaft. It doubles capacity without the need for additional space. This design is especially beneficial in densely populated urban areas where optimising space becomes essential.The growth of the elevator industry is closely linked to broader economic development goals in India. Increased investments in urban infrastructure coupled with local manufacturing initiatives under the ‘Make in India’ campaign have boosted employment, innovation, and sustainability in the sector.Modern elevators can contribute to sustainable urban development – alongside innovation for the more functional (e.g., superior user experience) and visual (e.g., sleek design) aspects of vertical mobility, in contemporary cities. For example, the introduction of regenerative drives and LED lighting has reduced energy consumption and cut costs already.As India continues to build smarter, more connected cities, the role of advanced elevator systems will become highly prominent. Investments in cutting-edge technology, combined with a commitment to sustainable practices are necessary to help the overall equality of urban living and to support efficient mobility within buildings.

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Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

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Real Estate

Patra Chawl lottery held, 663 families allotted homes

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Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

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