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YUVARAJYA BY BRAND ACRES : WHEN YOU DON’T JUST MARKET, YOU REIMAGINE THE MARKET

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WHEN YOU DON’T JUST MARKET, YOU REIMAGINE THE MARKET

The Ghost on Kolshet Road

Thane’s Kolshet Road has long been the battleground of India’s most powerful real estate brands. Lodha, Oberoi, and Godrej tower over the micro-market, setting benchmarks for scale and aspiration. In their shadow, however, stood a project that no one dared to speak of.

Three towers, nine hundred homes, launched with much fanfare nearly a decade ago. But conceived in the pre-RERA era, its design was stuck in another time—cookie-cutter flats, each 380 sq. ft., identical in size and soul. Ownership changed hands, promises were made and broken, brochures were printed and forgotten. What was supposed to be a kingdom for the common man had decayed into a carcass of concrete.

For seven long years, the towers stood abandoned—rejected by buyers, ignored by brokers, and shunned by the market. In a city where land is scarce and homes sell overnight, this project became the symbol of what no developer wants: failure.

The Last Throw of the Dice

When the promoters finally approached Brand Acres, it wasn’t with the expectation of a miracle. It was desperation. Multiple agencies had tried, armed with discount offers, freebies, and glossy ads, yet none had cracked the code. The project was on life support.

But where others saw a lost cause, Brand Acres saw a deeper story. To them, this was not a project problem—it was a positioning problem. “If we tried to sell this as another affordable housing block, it would never work,” recalls one of the strategists. “We needed to change not the floor plan, but the soul.”

The Wazir’s Move: Creating a Kingdom

The breakthrough came with a bold question: what if this wasn’t housing at all? What if the concrete towers were reframed as the foundation of something larger—a movement, an identity, a cultural statement?

That’s how Yuvarajya was born. Not as a project, but as an idea: India’s First Housing Movement for Millennials.

The very name carried the weight of reimagination. No longer a stuck relic, it became the Kingdom of Youth, a space that promised identity, freedom, and aspiration to a generation priced out of branded homes.

From a Stuck Project to Millennial Revolution

Once the name was coined, every element of marketing was re-engineered. The pitch wasn’t “Buy a flat.” It was “Claim your freedom.” Yuvarajya promised what the youth craved: not just four walls, but a lifestyle that understood them. The same project once dismissed as “unsellable” was now defining the micro-market’s conversation.

The Campaign That Became a Culture

What made Yuvarajya different was that it refused to rest after launch. Instead of brochures, there were Youth Housing Carnivals with music, art, and ideas. Instead of discount schemes, there was the Azadi Campaign: Azadi from rent. Azadi from insecurity. Azadi to build. Instead of dull launches, there was a Yuva Rap, written and performed by the youth themselves, turning the project into a cultural moment.

For the first time, a housing project in Thane didn’t look like real estate. It looked like a movement.

The Market Turns

The results were staggering. Within forty-five days, 1,200 expressions of interest poured in—a number unheard of for a stuck property. On launch day, over 700 channel partners gathered, not out of obligation but out of curiosity for the buzz they could no longer ignore.

They left astonished. In just ten hours, one hundred homes were sold. In three months, sales crossed three hundred units. Within a year, Yuvarajya had achieved what the branded developers dominating Kolshet had not anticipated: it outsold them in momentum.

Brand Acres ensured momentum stayed alive. The “Pura Thane Ghoom Liya” campaign turned Yuvarajya into a household name across the city. From tea stalls to tech parks, the name echoed. Channel partners regained faith. Buyers took pride. Yuvarajya was no longer just a project. It was an anthem.

The Lesson: Strategy Over Discounts

Yuvarajya’s success was not luck. It was a case study in the power of positioning. Where others tried to sell flats, Brand Acres sold identity. Where others cut prices, Brand Acres built pride. The wazir’s move was not in advertising spend but in imagination—seeing beyond what the market saw.

The Legacy of a Kingdom

Today, Yuvarajya is recognised as India’s first true millennial housing success story. More importantly, it is proof that real estate revival is not about brick and mortar but about meaning and storytelling.

For Brand Acres, the project stands as a defining moment. It is the story they tell when asked who they are. Because Yuvarajya wasn’t just a rebrand. It was a resurrection.

And in that resurrection lies the mantra of Brand Acres: “We don’t just build campaigns. We build movements.”

 

Steel Ministry Approves Rs 5000 Crore Scheme To Promote Low Emission Steel Production

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    Steel Ministry Approves Rs 5000 Crore Scheme To Promote Low Emission Steel Production
    Steel Ministry Approves Rs 5000 Crore Scheme To Promote Low Emission Steel Production

    The Ministry of Steel has approved a landmark Rs 5,000 crore incentive scheme aimed at accelerating low-emission steel production, with a strategic focus on India’s secondary steel sector. The plan is designed to encourage nearly 2,200 smaller steel units, which contribute about 47% of the country’s steel output, to adopt cleaner, sustainable technologies without the burden of upfront capital expenditure.

    According to officials, the scheme will provide performance-based incentives linked to reductions in carbon emissions relative to the previous year. This approach is intended to overcome challenges associated with tracking subsidies across a large number of smaller producers, who often lack the financial capacity to invest in high-cost emission-reducing technologies. Experts said this method ensures accountability while directly rewarding measurable environmental performance. The initiative forms part of the proposed National Mission for Sustainable Steel, a broader framework aimed at reducing industrial carbon emissions in alignment with India’s commitments under the Paris Agreement. Officials noted that India’s steel industry is a significant contributor to national carbon emissions and faces increasing pressures from global trade policies, including the European Union’s Carbon Border Adjustment Mechanism (CBAM). The CBAM will tie import tariffs to carbon intensity, potentially impacting steel exports if domestic production does not shift toward cleaner practices.

    Under the new scheme, 75–80% of the total funds are expected to benefit the secondary steel sector, with larger integrated steel producers receiving proportionally smaller support. The government will monitor reductions in emissions to determine incentive disbursements, providing smaller manufacturers a clear path to adopt low-carbon technologies while maintaining operational efficiency. Industry officials have highlighted the dual benefits of the plan: promoting environmentally responsible practices and improving the competitiveness of Indian steel in global markets. “By linking incentives directly to emissions performance, the scheme encourages continuous improvement while keeping fiscal responsibility in focus,” said a senior official at the Ministry of Steel.

    The low-emission initiative is also being positioned as a strategic measure to future-proof India’s steel sector against international regulatory pressures. With nearly half of national steel output coming from secondary units, incentivising this segment is critical to achieving meaningful reductions in industrial carbon footprints. Experts believe that if implemented effectively, the plan could accelerate India’s transition toward sustainable steel production while safeguarding jobs and supporting local economic development. The incentive scheme is expected to roll out over the next few months, with the government and industry stakeholders collaborating to ensure smooth implementation. Performance metrics will be regularly reviewed, and the program is designed to adapt as technology advances and as more secondary producers come online.

    Steel Ministry Approves Rs 5000 Crore Scheme To Promote Low Emission Steel Production

    Thane Real Estate Gains Boost As BNP Paribas Leases 1.45 Lakh Sq Ft Office

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      Thane Real Estate Gains Boost As BNP Paribas Leases 1.45 Lakh Sq Ft Office
      Thane Real Estate Gains Boost As BNP Paribas Leases 1.45 Lakh Sq Ft Office

      BNP Paribas India Solutions Pvt Ltd has finalised a lease for 1.45 lakh sq. ft. of premium office space at Hiranandani Centaurus in Thane West, marking one of the largest corporate real estate deals in the city this year. The agreement, which began on July 10, 2025, reflects the growing appeal of Thane as an emerging commercial hub for financial and technology firms.

      According to data from industry sources, the lease covers the 11th and 12th floors of Hiranandani Centaurus, developed by Roma Builders Pvt Ltd, with a carpet area of 99,831 sq. ft. and a total chargeable area of 145,384 sq. ft. The five-year agreement includes a monthly rent of Rs 94.95 lakh, translating to Rs 65 per sq. ft., with an annual escalation of 4.75 per cent. A security deposit of Rs 8.5 crore has been fixed, with rent payments set to commence on April 10, 2026. Officials highlighted that this lease underscores the strategic shift of large corporates towards Thane, driven by its connectivity, availability of Grade-A office infrastructure, and relatively competitive rental rates compared with Mumbai’s core business districts. Analysts say the deal signals growing investor confidence in Thane’s commercial real estate market, which has steadily evolved as a preferred destination for mid- and large-scale offices.

      “Thane has steadily emerged as a viable alternative to traditional corporate hubs in Mumbai, offering modern office environments, excellent connectivity, and infrastructure that aligns with global sustainability standards,” said an industry official. The Hiranandani Centaurus development is designed with eco-friendly and energy-efficient features, reflecting a broader trend in the city’s commercial real estate segment where sustainability is increasingly becoming a decisive factor for tenants. Experts note that BNP Paribas’ decision to expand here also aligns with corporate ESG priorities, including energy-efficient operations and reduced carbon footprints in leased office spaces.

      Industry observers add that Thane’s commercial real estate landscape is witnessing accelerated growth as more financial, technology, and service sector firms seek spacious, state-of-the-art facilities outside Mumbai’s high-cost central business districts. The expansion of corporate offices in Thane is expected to drive ancillary developments, including retail, residential, and transport infrastructure, supporting the city’s transformation into a fully integrated urban business hub. With this lease, BNP Paribas joins other multinational and domestic firms opting for sustainable Grade-A office spaces in Thane, reinforcing the city’s rising prominence in the Mumbai Metropolitan Region’s commercial ecosystem. Analysts predict that such marquee deals will continue to attract corporates seeking high-quality infrastructure, reasonable rental terms, and an integrated urban environment that balances business needs with sustainability and community welfare.

      Thane Real Estate Gains Boost As BNP Paribas Leases 1.45 Lakh Sq Ft Office

      Mumbai Metropolitan Region To Get New Rental Housing Policy Soon

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        Mumbai Metropolitan Region To Get New Rental Housing Policy Soon
        Mumbai Metropolitan Region To Get New Rental Housing Policy Soon

        The Maharashtra Housing and Area Development Authority (MHADA) is preparing a dedicated rental housing policy for the Mumbai Metropolitan Region (MMR), aimed at providing affordable housing solutions for economically weaker sections. The draft policy is expected to be finalised within a month and submitted to the MHADA authority for approval before being sent to the state government for clearance.

        Officials noted that the policy will initially focus on MMR, where housing demand is most acute, before being rolled out across other parts of Maharashtra. The initiative comes amid soaring property prices in Mumbai, Thane, and Navi Mumbai, which have increasingly placed home ownership out of reach for low-income groups. While MHADA’s housing lotteries remain in demand, available flats remain limited, highlighting the urgent need for rental housing options. The policy is being designed as a comprehensive framework, outlining allotment rules, rent structures, and maintenance responsibilities. It will facilitate rental housing development through both MHADA initiatives and private developer participation, ensuring greater housing availability for those unable to afford ownership.

        Officials emphasised that the move aligns with the Union government’s vision of developing MMR as an international growth hub, which is expected to drive a surge in population due to expanding employment and educational opportunities. Rental housing has been given strategic priority in this development framework to address the housing needs of incoming residents. In parallel, MHADA is advancing group redevelopment projects in Mumbai, including the renovation of MHADA colonies and cess-based buildings. These projects aim to generate additional housing stock while offering larger homes and more open spaces for existing residents, creating a more sustainable and equitable urban environment.

        Meanwhile, the annual Mumbai housing lottery has been deferred from the planned Diwali 2025 draw to March–April 2026. Officials cited insufficient housing stock, including approximately 2,500 flats from the Patra Chawl project, which had been stalled due to environmental clearances. With approvals now in place, construction is expected to resume shortly. The delay also accounts for upcoming civic elections and the enforcement of the model code of conduct. On the technology front, MHADA has introduced an AI-powered chatbot service, “MHADASathi”, on its official website. The tool is designed to provide citizens, lottery winners, existing residents, and tenants of cess-based buildings with simplified, interactive access to information about housing projects, allotments, and maintenance processes.

        With this new rental housing policy and technological initiatives, MHADA is positioning itself to address the acute housing shortage, support low-income residents, and contribute to the development of a sustainable, inclusive urban housing ecosystem across the Mumbai Metropolitan Region.

        Mumbai Metropolitan Region To Get New Rental Housing Policy Soon

        Smartworks Leases 5.57 Lakh Sq Ft Office Space At Intellion Park

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          Smartworks Leases 5.57 Lakh Sq Ft Office Space At Intellion Park
          Smartworks Leases 5.57 Lakh Sq Ft Office Space At Intellion Park

          Mumbai’s commercial real estate landscape is set to witness a major expansion as Smartworks Coworking Spaces Ltd finalises a lease of 5.57 lakh sq ft at Intellion Park, Navi Mumbai. The move marks the company’s largest managed office campus in the city, responding to rising demand for flexible and scalable workspaces from corporates across sectors.

          Officials from Smartworks highlighted that this addition takes the company’s leased portfolio in Mumbai past the 10 lakh sq ft milestone. The campus, developed by Tata Realty and Infrastructure Ltd, is designed to accommodate mid-to-large enterprises seeking integrated solutions combining speed, scale, and experience under one roof. Experts say the facility reflects a growing trend among enterprises to seek adaptive work environments that can support hybrid operations and sustainability goals. Industry analysts pointed out that Mumbai remains a strategic market for managed office operators, with enterprises increasingly seeking modern, eco-friendly campuses that reduce operational footprint while enhancing productivity. The Intellion Park campus aims to deliver energy-efficient design, green building standards, and flexible workspace solutions that align with sustainable urban development objectives.

          Smartworks currently operates a portfolio spanning 12 million sq ft across 14 cities in India and Singapore. Its client base, numbering over 730 enterprises, includes multinational corporations, Indian conglomerates, Forbes 2000 companies, and startups. The Navi Mumbai campus is expected to reinforce Smartworks’ position as a key player in India’s rapidly evolving coworking sector. Officials from Tata Realty emphasised that the partnership with Smartworks reflects a shared commitment to creating future-ready work environments. Intellion Park is poised to become Navi Mumbai’s largest IT park, setting benchmarks in the region’s commercial real estate market through scalable enterprise-grade infrastructure, advanced amenities, and sustainability-focused design.

          Experts added that managed office spaces have become increasingly critical as businesses rethink their real estate strategy post-pandemic. Facilities like Intellion Park not only provide flexible seating and collaboration zones but also integrate digital solutions, energy-efficient systems, and eco-conscious amenities to meet corporate sustainability mandates. With the new campus, Smartworks aims to address the growing need for large-scale, operationally ready office spaces in Mumbai, reducing lead times for enterprises while supporting workforce comfort and productivity. Urban planners note that such developments also contribute to equitable city growth by optimising land use and enabling concentrated business hubs that reduce commuting emissions.

          The Smartworks-Tata Realty collaboration signals a wider trend in India’s real estate sector, where co-working and managed offices are increasingly integrated with sustainability and operational efficiency frameworks. As enterprises continue to embrace flexible workplace models, projects like Intellion Park are likely to shape the next generation of urban commercial infrastructure.

          Smartworks Leases 5.57 Lakh Sq Ft Office Space At Intellion Park

          Agami Realty Partners With Kiara Powar For Fan First Cricket Show

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            Agami Realty Partners With Kiara Powar For Fan First Cricket Show
            Agami Realty Partners With Kiara Powar For Fan First Cricket Show

            Agami Realty, a leading Mumbai-based developer with over four decades of experience, has entered a strategic partnership with Bat, Ball aur Baatein, a cricket talk show conceptualised by one of India’s youngest female sports presenters. The collaboration aims to amplify fan engagement during the ongoing 2025 Asia Cup by creating content that prioritises superfans’ perspectives, while blending insights from cricket experts and insiders.

            The show’s debut coincided with India’s opening match against the UAE on September 9, 2025, and the second episode highlighted the India-Pakistan fixture, generating significant traction online. Unlike traditional commentary that focuses primarily on statistics, the platform highlights personal stories, match insights, and the emotional connection fans share with the sport. For Agami Realty, the partnership is an extension of its forward-looking ethos. Known for sustainable urban development, technology adoption, and innovative housing projects, the developer views cricket as a cultural touchpoint that strengthens communities. Senior executives highlighted that the collaboration is more than sponsorship—it reflects shared values of innovation, audience engagement, and fostering community narratives.

            Experts and officials involved in the show contribute analytical perspectives alongside fan voices, creating a holistic viewing experience. Guests across episodes include sports psychologists, strength and conditioning coaches, pitch curators, professional cricketers, and journalists, allowing the show to merge technical expertise with fan enthusiasm. Agami Realty officials emphasised that the collaboration resonates with the brand’s larger philosophy of community-building through forward-thinking initiatives. “Our focus is on creating spaces and experiences that connect people, and cricket represents a unifying cultural force. Through this partnership, we aim to foster engagement that is both inclusive and innovative,” said an official.

            The initiative reflects a broader trend where real estate brands in India are extending their influence beyond infrastructure, actively engaging in cultural and sports initiatives that resonate with city residents. By investing in a fan-centric platform, Agami Realty not only enhances its brand visibility but also reinforces its commitment to sustainable, inclusive urban living. As the Asia Cup progresses, the partnership is expected to deepen, with upcoming episodes scheduled to explore new fan narratives and insights from professionals in the cricket ecosystem. This model of collaboration underscores the convergence of entertainment, sports, and corporate social responsibility, creating a benchmark for how urban developers can engage with communities in culturally relevant ways.

            Agami Realty Partners With Kiara Powar For Fan First Cricket Show

            Bollywood Actor Sanjay Mishra Buys Sea View Flat In Mumbai Madh Island

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              Bollywood Actor Sanjay Mishra Buys Sea View Flat In Mumbai Madh Island
              Bollywood Actor Sanjay Mishra Buys Sea View Flat In Mumbai Madh Island

              Bollywood actor Sanjay Mishra has entered Mumbai’s luxury real estate market, acquiring a sea-view apartment in Madh Island’s Raheja Exotica Cyprus building for ₹4.75 crore. The purchase positions Mishra alongside other high-profile residents, including playback singer Jubin Nautiyal, who owns a nearby apartment in the same tower. This transaction reflects the growing appeal of Mumbai’s premium coastal properties among celebrities seeking exclusivity, panoramic views, and modern amenities.

              Mishra’s 15th-floor apartment spans 1,701 sq ft of RERA-approved carpet area with an additional 201 sq ft of deck space, bringing the total usable area to over 1,900 sq ft. According to property registration documents, the actor paid a stamp duty of ₹28.50 lakh and registration fees of ₹30,000, with the deal formally recorded on July 11, 2025. Experts in the real estate sector note that Raheja Exotica Cyprus has emerged as a preferred destination for the film and entertainment fraternity, offering a combination of luxury, strategic location, and connectivity. The project also houses apartments owned by actors Vikrant Massey, Pankaj Tripathi, and Archana Puran Singh, creating a niche celebrity enclave. Officials highlight that the building’s proximity to the city’s western suburbs, coupled with sea-facing views, adds to its long-term value and investment appeal.

              Luxury analysts point out that the trend of Bollywood actors investing in high-value Mumbai properties is intensifying. Coastal residences such as those at Madh Island not only offer exclusivity but also potential capital appreciation, especially in developments with controlled occupancy and premium amenities. Real estate experts suggest that properties with panoramic sea views in Mumbai consistently outperform standard city apartments in terms of resale value and rental yield. The development also underscores a shift in Mumbai’s luxury housing market towards smaller, well-appointed homes in gated communities rather than sprawling bungalows. Urban planners note that such high-rise luxury developments, when executed sustainably, can reduce urban sprawl and encourage more environmentally responsible living practices in high-density areas.

              With increasing celebrity interest and growing demand for high-end coastal properties, Madh Island and similar precincts in Mumbai are likely to see heightened investment activity. Developers and market analysts anticipate that the trend will continue to attract affluent buyers seeking a blend of lifestyle, privacy, and strategic connectivity.

              Bollywood Actor Sanjay Mishra Buys Sea View Flat In Mumbai Madh Island

              SEBI Acquires Luxury 5BHK Apartment In Prabhadevi At Seven Lakh Per Month

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                SEBI Acquires Luxury 5BHK Apartment In Prabhadevi At Seven Lakh Per Month
                SEBI Acquires Luxury 5BHK Apartment In Prabhadevi At Seven Lakh Per Month

                The Securities and Exchange Board of India (SEBI) has secured a high-end 5-BHK apartment in Prabhadevi to accommodate its chairman, leasing the unit at a monthly rent of Rs 7 lakh. The decision underlines the regulator’s preference for centrally located, fully furnished residences that provide both convenience and comfort for senior officials.

                The apartment, located on the 51st floor of Tower A in the Rustomjee Crown complex on Gokhale Road South, spans approximately 3,000 sq. ft. of carpet area. The flat comes equipped with four covered car parking slots and is leased on a fully furnished basis, including fixtures, fittings, and essential appliances, designed to ensure a seamless move-in experience. SEBI has entered into a three-year leave-and-license agreement with the property owners, which includes a security deposit of Rs 42 lakh and an annual rental escalation of 5 percent. The arrangement ensures both legal compliance and transparency, reflecting the regulator’s adherence to governance standards in real estate dealings.

                Officials confirmed that the residence will be exclusively used by the chairman and his family. While the selection of such a prime location signals a focus on accessibility, comfort, and safety, experts note that the lease terms also represent a balanced approach, factoring in both market rates and the requirements of senior officials. The Rustomjee Crown complex is strategically positioned in Mumbai’s Prabhadevi area, offering connectivity to key city hubs, business districts, and transport links. The choice of this residence aligns with broader urban trends in Mumbai, where senior executives and government officials increasingly opt for premium, centrally located apartments to combine lifestyle, work accessibility, and modern amenities.

                Real estate analysts suggest that such high-profile leases can influence local rental trends, particularly in premium developments, while highlighting the importance of governance and transparency in the leasing process for institutional clients. Urban planners also note that ensuring sustainable living spaces, even for short-term leases, can contribute to better energy efficiency and urban equity, aligning with broader city sustainability goals. SEBI’s move underscores a growing preference for environmentally considerate, fully serviced residences that support a high-quality living standard without the need for extensive retrofitting or additional infrastructure. By selecting a ready-to-use apartment, the regulator minimises the environmental footprint associated with construction and renovation while providing secure and efficient housing for its senior leadership.

                As Mumbai continues to witness a rising demand for premium housing in central locations, such institutional leases highlight both market dynamics and the need for sustainable, well-planned residential developments catering to senior officials and executives.

                SEBI Acquires Luxury 5BHK Apartment In Prabhadevi At Seven Lakh Per Month

                Mahindra Lifespace Announces Two Chembur Redevelopment Projects With One Thousand Seven Hundred Crore Potential

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                  Mahindra Lifespace Announces Two Chembur Redevelopment Projects With One Thousand Seven Hundred Crore Potential
                  Mahindra Lifespace Announces Two Chembur Redevelopment Projects With One Thousand Seven Hundred Crore Potential

                  Mumbai is set to witness a transformative wave in residential real estate as Mahindra Lifespace Developers Limited (MLDL) announces two high-value redevelopment projects in the Chembur area, with a combined gross development potential of approximately ₹1,700 crore. Spanning 2.6 acres and 1.8 acres respectively, the projects aim to deliver modern, sustainable living spaces with advanced amenities, enhanced connectivity, and long-term value creation.

                  These projects, located in the Diamond Garden region of Chembur, leverage the strategic positioning of the area, which offers seamless access to key business districts and eastern suburbs. With proximity to the Eastern Freeway, Thane, Navi Mumbai, and other parts of the city, these developments are designed to meet the growing demand for premium residential options in well-connected urban pockets. Mahindra Lifespace emphasises sustainability and resident-centric design in the redevelopment initiatives. The company will focus on modern architectural solutions, energy-efficient construction practices, and thoughtful community planning. Residents can expect upgraded living standards, improved public spaces, and connectivity enhancements that integrate seamlessly with existing transport infrastructure, including the Diamond Garden Metro Station on Line 2, nearby Monorail links, and railway networks.

                  Connectivity to major business hubs such as Bandra-Kurla Complex (BKC) and Powai further positions the developments as a prime choice for professionals seeking convenient urban living. “Redevelopment continues to play a crucial role in our growth journey, enabling us to deliver high-quality residential projects in areas where demand remains strong,” said an official from Mahindra Lifespace. “We are committed to creating sustainable communities while enhancing long-term value for residents.” The redevelopment aligns with broader urban planning initiatives permitting higher redevelopment potential, offering Mahindra Lifespace an opportunity to integrate modern infrastructure while retaining the cultural and social essence of the Chembur neighbourhood. Analysts suggest that the infusion of modern, eco-conscious housing solutions in such strategic locations is likely to set a benchmark for sustainable redevelopment across Mumbai.

                  As the projects move forward, industry experts expect Mahindra Lifespace to leverage innovative construction techniques, energy-efficient building practices, and community-friendly designs to create an urban residential experience that balances sustainability with modernity. With approvals secured and planning underway, these Chembur redevelopment projects are poised to redefine urban living standards, positioning Mahindra Lifespace as a key driver in Mumbai’s real estate growth story.

                  Mahindra Lifespace Announces Two Chembur Redevelopment Projects With One Thousand Seven Hundred Crore Potential

                  QUALITY IN MOTION, VISION IN ACTION

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                    Q: Can you take us through Mitsubishi Elevator’s journey in India and how your offerings have evolved to address the growing demands of urban infrastructure?

                    Mitsubishi Electric began its elevator journey in 1921, and since then, our elevators have stood as a symbol of human ingenuity and vertical growth. For over a century, we have engineered solutions that echo the essence of “Quality in Motion.”

                    In India, our story began in 1995 in Mumbai, leading to the establishment of a wholly owned subsidiary in 2012 and our first operational factory in 2016. These milestones reflect our firm commitment to the Indian market.

                    We’ve introduced products such as NEXIEZ-LITE and DeLITE, specifically developed for the Indian landscape — tailored to suit both high-rise and low-rise building requirements. At Mitsubishi Elevator India, we don’t just build elevators — we elevate experiences across generations and help shape the skyline of tomorrow.

                    Q: How would you describe the evolution of the vertical mobility sector in India over the past decade, and what role do you see Mitsubishi playing in its next phase?

                    India’s vertical mobility landscape has been transforming rapidly, propelled by urbanization, infrastructure expansion, and smart technologies. The rise of IoT, the push for electrification, and a growing focus on sustainability and convenience are all reshaping the industry.

                    In response, Mitsubishi Elevator India continues to introduce technological innovations and advanced industrial solutions. We are especially focused on expanding our presence in the premium and mid-market segments with intelligent, efficient, and socially responsive VT (vertical transportation) systems.

                    India is now the second-largest market for elevators and escalators globally, after China. We aim to strengthen our market share by offering forward-looking solutions that match the evolving needs of multi-storey residential, commercial, and industrial infrastructure across the country.

                    QUALITY IN MOTION, VISION IN ACTION

                    As India races toward a high-rise future, vertical mobility is no longer a luxury—it’s a necessity. At the heart of this transformation stands Mitsubishi Elevator India Pvt. Ltd., a brand rooted in global engineering excellence and deeply committed to India’s evolving urban infrastructure.

                    In this exclusive conversation, K. Suresh, Deputy Managing Director, shares insights into the brand’s journey, its breakthrough innovations, and how Mitsubishi is shaping the next era of intelligent, sustainable, and high-performance elevator solutions for India’s growing skylines.

                    Q: What are some of the most notable technological innovations Mitsubishi has introduced recently in elevators and escalators?

                    We’ve introduced several advanced technologies designed to enhance safety, efficiency, and user comfort. Some of our key innovations include:

                    • DOAS (Destination Oriented Allocation System) – This technology registers a user’s destination floor via their smartphone or access card, optimizing elevator allocation and reducing waiting times.

                      ID card when they pass through a security gate, thereby reducing boarding times and elevator congestion. M’s BRIDGE Global Remote Maintenance Service – Offers real-time diagnostics and predictive maintenance. MelEye Supervisory System – Uses advanced networking to monitor elevator and escalator traffic flow, allowing building managers to respond dynamically. ELEMOTION & ESMOTION Renewal Menus – Enable modernisation of existing elevator and escalator systems with minimal disruption. Traction Machines with Permanent Magnet Motors – Designed to improve energy efficiency, reliability, and operational smoothness.

                      Q In high-rise buildings and high-traffic environments, how does Mitsubishi ensure optimal safety and operational reliability? We employ advanced control systems and state-of-the-art installation techniques that ensure smooth and quiet rides with precise landing accuracy. Some key measures include: Permanent Magnet Motors, Super High-Rise Rope Mechanics, Active Roller Guides. These features not only enhance user comfort but also ensure long-term durability and safety in demanding operating conditions.

                      Q How do Mitsubishi products comply with Indian and international safety standards such as EN 81, ISO, and NBC norms? Safety, quality, and sustainability have always been the pillars of our brand. All Mitsubishi Elevator products meet stringent global standards like EN 81, ISO regulations, and NBC codes. As new norms and safety regulations are introduced, we remain proactive in implementing necessary upgrades to ensure compliance and reliability.

                      ity-enhancing features include: Regenerative Converter – This allows energy generated by the elevator’s traction machine during operation to be fed back into the building’s electrical grid. Permanent Magnet Motor – The joint-lapped stator enables denser winding, which increases energy efficiency and reduces motor size. Eco-mode Functions – These include automatic shut-off of lights and fans when the elevator is idle, and Variable Traveling Speed Systems, which allow the elevator to run faster or slower depending on passenger load, thereby improving efficiency. These innovations position Mitsubishi Elevator as a leader in sustainable vertical mobility.

                      Q With rising demand from Tier 2 and Tier 3 cities, how are you making your products more accessible, cost-effective, and easy to maintain?

                      Q What initiatives has Mitsubishi undertaken to reduce energy consumption and the carbon footprint of your VT systems? Sustainability is integral to our design philosophy. Mitsubishi Electric has been a pioneer in introducing green elevator technologies that reduce energy consumption without compromising performance. Our energy-efficient features include: Regenerative converters, Permanent Magnet Motors with joint-lapped stators, Automatic car light and fan shut-off, LED lighting, Energy-efficient door motors. By incorporating these technologies, we not only lower operational costs but also contribute to broader environmental goals.

                      Q Could you elaborate on regenerative drives and other eco-mode features that support sustainability? Certainly. Some of our core sustainabil. Recognizing the growth in emerging urban centers, we developed DeLITE, a product specifically designed for the Indian market. It balances global performance standards with local affordability and simplified maintenance. This solution enables us to serve the expanding needs of Tier 2 and Tier 3 cities—without compromising on quality or user experience.

                      Q Looking forward, what trends or disruptions do you foresee in the vertical mobility space, and how is Mitsubishi preparing for them? India’s luxury and high-rise real estate segments are seeing tremendous growth, fueled by increasing urbanization, rising incomes, and demand for smart infrastructure. Key future trends include: Smart VT systems integrated with IoT and AI, Predictive maintenance and remote diagnostics, Sustainable and energy-efficient operations. India’s position as the second-largest elevator market globally places us in a strategic role. Mitsubishi Elevator India is committed to driving this next chapter with intelligent, efficient, and future-ready mobility solutions.