Tushar Mangl

In India, the real estate industry stands second to the agriculture sector in employment generation. The India real estate market is expected to exhibit a CAGR of 9.60% during 2022-2027 and is set to experience around 5% capital value growth in 2022 in the residential segment. Few reports suggest that the frequency of sales is increasing in 2022 as prospective homebuyers continue to prefer larger homes, better amenities and affordable pricing. Moreover, the increasing need for modern office spaces and the emerging trend of urban and semi-urban living spaces are acting as another key factors influencing growth. The investors in the real estate segment have trusted commercial real estate as a rewarding investment choice as it provides high ROI and additional income opportunities. Aliso have made some predictions such as Investors are willing to pay 20 to 25% higher prices for ultra-luxury products. The transparency level in the country’s real estate sector has only been possible bec...

The Energy Department has issued the Circular as ‘Advisory on Installation of the Fire Evacuation Lifts in the High Rise Buildings having height 70 Meters and above.” Making the ‘Fire Evacuation Lift’ mandatory is seen as a visionary step in providing Safer and Faster route for Fire Officers to reach the higher floors to save lives and assets. Meanwhile, it is one of the safest and fastest modes for evacuating people stranded in emergency situations of fire in High Rise Buildings. Maharashtra has become the first State in India to make Fire Evacuation Lifts mandatory for buildings 70meters and above since January 2018 in what is termed as the solution to mounting emergencies during fire-fighting. As part of the evacuation solutions, many Developers of High - Rise Buildings in the cities like Mumbai have installed or are currently opting to install non-standardized or low graded Fire Evacuation solutions/Lifts. However, these Non-standard Fire Solutions/ Evacuation Lifts may not provid...

India’s leading plywood company, Century Plyboards (India) Ltd., held their board meeting today to announce the company’s Q1 financial results for the quarter ending June 30th, 2022. Highlights: · Net Revenue from operations for the Quarter, ending 30th June, 2022 were Rs. 881.48 crores; an increase of 96.4% over corresponding period of last financial year Rs. 448.88 crores. · Earnings before Depreciation Interest and Tax for the last quarter of Financial Year 2022-23 was Rs. 151.26 crores, an increase of 128.8% over corresponding period of last financial year Rs. 66.11 crores. · Profit After Tax for the quarter ending 30th June, 2022, was Rs. 96.47 crores; showing an increase of 184.68% over corresponding period of last financial year Rs. 33.89 crores. · We have performed exceptionally well across our product portfolio during the quarter under review Commenting on the company’s performance, Sajjan Bhajanka, Chairman, Century Plyboards (I) Ltd said “Q1F...