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We are focusing on cost-effective solutions

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Abhishek Jain, COO, Satellite Developers, looks at the repercussions of the rising costs of cement on construction projects and the effective means through which developers can work around it.

How has the rise in cement and building materials cost impacted your business?
We understand that most of our projects are close to completion and therefore, there will be minimal impact. However, for under construction projects, the rising costs of cement and building materials will have a significant impact. We are proactively planning and managing these costs to mitigate the impacts and provide customers with competitive prices and quality products and services.

As the costs are expected to remain volatile for a few more months, is there any change in your strategy or approach towards the launch of new projects?
We have taken several measures to address the volatility of cement and building materials costs. We have tried to lock the prices with our vendors in certain cases. We are also closely monitoring prices and adjusting our strategies accordingly throughout the launch of new projects. We are focusing on cost-effective solutions while still delivering high quality end products. Additionally, we are exploring alternate sources of materials to reduce our reliance on conventional materials.

Tell us about the impact on timely delivery of developer projects.
The rising costs of cement and building materials have had an impact on the timely delivery of developer projects. This is true for other developers as well. We are working to ensure that the increased operational costs do not affect the quality of services we provide. We are actively managing our resources and focusing on cost-effective solutions to ensure timely delivery of projects while still maintaining a high level of quality.

How has the consumer behaviour changed with change in property costs? Do you expect the demand to decrease?
We have seen a shift in consumer behaviour due to the increase in property costs. Consumers are more conscious of their budgets and are seeking value for money when investing in properties. Although the demand for properties may decrease in the short term, we believe that if developers can offer quality products at competitive prices, there will be an increase in the demand for properties in the long term.

What is the major challenge that you have come across with the rising costs and how are you combating the same?
The major challenge we are facing with the rising costs for our real estate projects is finding cost-effective solutions that still provide high quality results. We have been exploring different ways to reduce costs, such as utilising new technologies and materials, negotiating with suppliers to get the best deals, and looking into other alternative options.

How do you envision the future of real estate development and consumer behaviour with the rising cost of cement and other construction materials?
We believe that real estate development and consumer behaviour in the future will be heavily impacted by the rising cost of building materials. A certain section of the consumers will rely more heavily on existing real estate, such as rentals and second homes, to meet their needs instead of buying new properties. However, a bulk of them will certainly opt for their own houses as they have realised the value of owning a home post the pandemic. Developers and investors will focus on creating more efficient, cost-effective designs and materials and will look for ways to maximise their return on investments.

-Kanika Mathur

Concrete

NDMC Rolls Out Intensive Sanitation Drive Across Lutyens Delhi

Municipal body intensifies cleaning and monitoring across the capital

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The New Delhi Municipal Council has launched an intensive sanitation drive across Lutyens’ Delhi, aiming to raise cleanliness standards in the capital’s central precincts. The programme will combine enhanced manual sweeping with mechanised cleaning and systematic waste removal to cover parks, heritage precincts and prominent thoroughfares. Authorities described the initiative as a sustained effort to improve public hygiene and reduce environmental hazards while maintaining the area’s civic image.

Operational teams have been instructed to prioritise drain clearing and litter hotspots, with special attention to markets and transit nodes that attract heavy footfall. Coordination with city utilities and waste processing units will be stepped up to ensure timely collection and disposal, and supervisory rounds will monitor adherence to cleaning schedules. Officials also intend to use data-driven planning to deploy resources efficiently and to identify recurring problem areas.

The council plans to engage resident welfare associations and business stakeholders to foster community participation in maintaining cleanliness and to support behavioural change campaigns. Public communication will be amplified through notices and outreach to encourage responsible waste handling and to inform residents about collection timings and segregation norms. Enforcement measures for littering and unauthorised dumping will be reinforced as part of a broader strategy to deter violations and sustain cleanliness gains.

The move reflects a focus on urban sanitation that officials link to public health priorities and to the city administration’s commitment to maintaining civic amenities. Monitoring mechanisms will include regular reporting and inspections to review outcomes and to recalibrate operations where necessary, according to municipal sources. The council emphasised that continued community cooperation will be essential for the drive to deliver lasting improvements in the appearance and hygiene of the capital’s core areas.

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Concrete

UltraTech Appoints Jayant Dua As MD-Designate For 2027

Executive named to succeed current managing director in 2027

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UltraTech Cement has appointed Jayant Dua as managing director (MD) designate who will take charge in 2027, the company announced. The appointment signals a planned leadership transition at one of the country’s largest cement manufacturers. The board has set a clear timeline for the handover and has framed the move as part of a structured succession plan.

Jayant Dua will be referred to as MD after assuming the role and will be responsible for overseeing operations, strategy and growth initiatives across the company’s network. The company said the designation follows established governance norms and aims to ensure continuity in executive leadership. The appointment is expected to allow a phased transfer of responsibilities ahead of the formal changeover.

The decision is intended to provide strategic stability as UltraTech Cement navigates domestic infrastructure demand and evolving market dynamics. Management will continue to focus on operational efficiency, capacity utilisation and cost management while aligning investments with long term objectives. The board will monitor the transition and provide further information on leadership responsibilities closer to the effective date.

Investors and market observers will have time to assess the implications of the announcement before the change is effected, and analysts will review the company’s outlook in the context of the succession. The company indicated that it will communicate any additional executive appointments or organisational changes as they are finalised. Shareholders were advised to refer to formal filings and company releases for definitive details on governance or remuneration.

The leadership change will be managed with attention to stakeholder interests and operational continuity, and the company reiterated its commitment to delivery on ongoing projects and customer obligations. Senior management will engage with employees and partners to ensure a smooth handover while maintaining focus on safety and compliance. Further updates will be provided through official investor communications in due course.

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Concrete

Merlin Prime Spaces Acquires 13,185 Sq M Land Parcel In Pune

Rs 273 crore purchase broadens the developer’s Pune presence

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Merlin Prime Spaces (MPS) has acquired a 13,185 sq m land parcel in Pune for Rs 273 crore, marking a notable expansion of its footprint in the city.

The transaction value converts to Rs 2,730 mn or Rs 2.73 bn.

The parcel is located in a strategic area of Pune and the firm described the acquisition as aligned with its growth objectives.

The deal follows recent activity in the region and will be watched by investors and developers.

MPS said the acquisition will support its planned development pipeline and enable delivery of commercial and residential space to meet local demand.

The company expects the site to provide flexibility in product design and phased development to respond to market conditions.

The move reflects an emphasis on land ownership in key suburban markets.

The emphasis on land acquisition reflects a strategy to secure inventory ahead of demand cycles.

The purchase follows a period of sustained investor interest in Pune real estate, driven by expanding office ecosystems and residential demand from professionals.

MPS will integrate the new holding into its existing portfolio and plans to engage with local authorities and stakeholders to progress approvals and infrastructure readiness.

No financial partners were disclosed in the announcement.

The firm indicated that timelines will depend on approvals and prevailing market conditions.

Analysts note that strategic land acquisitions at scale can help developers manage costs and timelines while preserving optionality for future projects.

MPS will now hold an enlarged land bank in the region as it pursues growth, and the acquisition underlines continued corporate appetite for measured expansion in second tier cities.

The company intends to move forward with detailed planning in the coming months.

Stakeholders will assess how the site is positioned relative to existing infrastructure and connectivity.

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