Concrete

Mumbai, the top pick for realty investors: Knight Frank

Published

13 years ago

November 25, 2012

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Buyers across India looking at realty for pure investment reasons should consider Mumbai as the top pick, says real-estate consultant Knight Frank. According to Knight Frank’s investment advisory report released last week the top three investment destinations from across India where prices have risen more than 125 per cent are from Mumbai – Ulwe, Chembur and Wadala.

Ulwe topped the list of 13 destinations where prices may rise between 91 per cent and 145 per cent over the next five years. Prices in the area are expected to jump from an average of Rs 4,000 a sq. ft in 2012 to a forecasted average price of Rs 9,800.

The consultant rated Ulwe as the top pick, as Ulwe will immensely benefit by the upcoming Seawood urban-suburban rail network, which shall connect it to prominent office hubs through a mass rapid-transport system.

With property options ranging from Rs 3,200 a sq. ft to Rs 15,000 a sq. ft and investor returns in the range of 18.6 per cent to 29 per cent a year, residential real estate will emerge as a promising asset class for the next five years, said Gulam Zia, Executive Director (Retail, Advisory And Hospitality), Knight Frank.

From Mumbai, Delhi-NCR, Bangalore, Chennai and Pune, 13 destinations were identified from over 100 urban centres in the country based on assessment of real-estate drivers including employment, physical infrastructure, connectivity to important locations, access to social infrastructure, planned development, proximity to premium office spaces and land availability.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.