Infrastructure should precede residential development and not the other way round.

01 Jul 2019 Editorial Team

Sriram Mahadevan, Managing Director, JoyvilleShapoorji Housing, shares more on the potential of affordable housing in India and the company’s focus going forward with SHRIYAL SETHUMADHAVAN.

How do you view the availability of funds for project execution?

For corporate developers, availability of funds has never been a challenge. The situation has not changed much, even during the current liquidity crunch witnessed overall in the financial market.

How do you view the construction opportunities in the sector for the next five years?

Demand for affordable housing has always been there; this lends itself to huge construction opportunities. The healthy pipeline of construction activities in the affordable segment will keep generating employment opportunities that, in turn, will fuel the GDP growth rate going forward. Thus, construction of affordable housing will surely contribute positively to the overall growth of the economy.

Any recommendations to give a further fillip to the sector?

Building affordable housing in far-flung areas with scanty connectivity and social infrastructure is not desirable as the target segment may not like to displace themselves and move to such a place. The solution is to fuel the infrastructure of metros connecting the far-flung areas through an efficient mass transport system, which would ensure that an increasing amount of landis made available in the market for development. Infrastructure should precede residential development and not the other way round. Approval timelines have remained a challenge for the real-estate sector. Single-window clearance with defined timelines will surely help the viability of the business and ensure more supplies are infused in the market.

How do you view growth in affordable housing in the coming five years?

Joyville is catering to the mid-income segment, which is important in the overall growth story for the next five years in India. We are present in four metros in India so far and would like to focus on getting into other job-creating metros like Bengaluruand Hyderabad, apart from expanding in Mumbai, Pune and Delhi (NCR).

Sriram Mahadevan, Managing Director, JoyvilleShapoorji Housing, shares more on the potential of affordable housing in India and the company’s focus going forward with SHRIYAL SETHUMADHAVAN.How do you view the availability of funds for project execution? For corporate developers, availability of funds has never been a challenge. The situation has not changed much, even during the current liquidity crunch witnessed overall in the financial market.How do you view the construction opportunities in the sector for the next five years?Demand for affordable housing has always been there; this lends itself to huge construction opportunities. The healthy pipeline of construction activities in the affordable segment will keep generating employment opportunities that, in turn, will fuel the GDP growth rate going forward. Thus, construction of affordable housing will surely contribute positively to the overall growth of the economy.Any recommendations to give a further fillip to the sector?Building affordable housing in far-flung areas with scanty connectivity and social infrastructure is not desirable as the target segment may not like to displace themselves and move to such a place. The solution is to fuel the infrastructure of metros connecting the far-flung areas through an efficient mass transport system, which would ensure that an increasing amount of landis made available in the market for development. Infrastructure should precede residential development and not the other way round. Approval timelines have remained a challenge for the real-estate sector. Single-window clearance with defined timelines will surely help the viability of the business and ensure more supplies are infused in the market.How do you view growth in affordable housing in the coming five years? Joyville is catering to the mid-income segment, which is important in the overall growth story for the next five years in India. We are present in four metros in India so far and would like to focus on getting into other job-creating metros like Bengaluruand Hyderabad, apart from expanding in Mumbai, Pune and Delhi (NCR).

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..