Our current order book position is close to Rs 3,000 crore.
ECONOMY & POLICY

Our current order book position is close to Rs 3,000 crore.

Jitendra Jain, CEO and Managing Director, Neev Group of Companies

Here's a group that knows what it's doing and where it's going! Neev Group of Companies has been in the construction space for the past three decades and has established expertise in the infrastructure and real-estate domains. Under the leadership of Jitendra Jain, CEO and Managing Director, the company has evolved from being a mere construction company to a development expert, providing quality and secure living to the citizens of Mumbai. 

Jain began his career in the construction industry 18 years ago as an assistant site supervisor. Neev Group of Companies was established by his father Chandulal Jain in 1978. Jain has been instrumental in executing some of Mumbai's key infrastructural projects. He has also added value in the development of roads for easy and quick transport services and setting up water supply and sewage projects. As an integral part of the company's commitment towards society, Jain has also taken up slum rehabilitation projects by providing self-contained flats to slum dwellers. He shares more details with Jayanthi Nararyan...

Current order book
The total order book of the company is close to Rs 3,000 crore. In the real-estate sector, Neev Group plans to launch around 10 to 12 projects in the next three years. We recently launched two new residential projects: Ivory Tower in Prabhadevi and Excella Residency in Parel. These are strategically positioned for buyers in two different market segments in Mumbai. Ivory Tower truly provides a global lifestyle while Excella Residency is a mid-income housing project.

Milestones achieved
We have undertaken some incredible work in healthcare, industrial complexes, slum rehabilitation and redevelopment. The group has completed over a hundred projects in the infrastructure space, including Bhabha Hospital, Nair Hospital, restoration work for KEM Hospital, the Worli school project, road development, KNP Market at Dadar, Jogila Market at Thane, and so on. The company has also undertaken the development of water supply network, sewage and storm projects. Besides, we are working with government bodies like the MCGM for future projects.

Water infrastructure
Currently, Neev is executing a Rs 130-crore water infrastructure project that will cover most of Mumbai, from Colaba in South Mumbai to Andheri in the suburbs. Our efforts have always been to strengthen the water distribution network in the city to avoid wastage owing to leakage and contamination. We are contracted by the hydraulic engineering department to carry out various works under the water distribution improvement programme for select zones. Some major works that will be undertaken include improvement of water supply, replacement of various diameters, water mains, connection to live mains etc. 

Restoration projects
One of the most challenging projects for us is a Rs 120 crore restoration project of KEM Hospital on behalf of MCGM. Neev Group has been contracted to renovate the main building, which is a heritage structure. This project, covering a vast stretch of 523,400 sq ft, will be completed in 36 months. The two buildings of KEM Hospital (G+2 and G+3 each) have become dilapidated in the past 80 years. It will be a huge challenge for us to work on the stone masonry walls and the heavily damaged structure. Besides, we have to work on the HVAC system, medical gas system, patient care equipment and other regular civil work.

Technology imperative
We keep in step with the latest technology with the help of our research department. A decade ago, the industry was highly labour intensive but, with changing times, there have been enormous changes in the field of technology. Multiple technologies and change in methodology have resulted in enhancing productivity three to five times, resulting in shorter operational cycles and better quality output. Though the initial investment in technology-driven equipment is high, the output is much higher, resulting in value for money.

The slowdown
Sectors like exports and manufacturing have been most affected by the global recession. The real-estate sector was also visibly impacted as there was a liquidity crunch in the market. Investors had stopped investing, buyers were not buying, and prices of projects were coming down. Fortunately, Neev Group was not as affected as other players. Our real-estate projects were already sold. And as a conscious strategic development, we focused more on infrastructure development projects where the potential was high. But now with the industry revival, we hope for better growth.

Growth strategy
We planned to focus on the huge potential in infrastructure development when there was an economic downturn. But, now with market revival, we are looking at real estate as an integral component of our corporate growth strategy. We are carving a niche here by customising our projects to suit consumer and market needs. We have always gone by industry and market demand and trends. For instance, the current market demand lies in affordable housing. We will accommodate this trend into our corporate strategy to avail new opportunities. In addition to new markets, Neev Group is also looking to leverage its expertise in public utility projects like bridges, skywalks, mass housing, irrigation projects, recreation parks, beautification and landscape enhancement projects, among others.

Driving factors
The infrastructure needs of India have been given top priority by the government for the next five years, with an allocated budget of more than Rs 100,000 crore. This will push the demand for basic materials like steel and cement, which will lead to a growth in job opportunities, thus driving the economy.

Expansion plans
Though our operations stemmed from megapolis Mumbai, we are focusing on deeper penetration of areas in and around the city's suburbs, as well as entering other markets in Maharashtra, Karnataka and Gujarat. Infrastructure development will continue to be our focus owing to its tremendous potential. In the real-estate space, within the next three years, we will launch about 10-12 residential projects.

Our USP
In the infrastructure space, our USP is timeliness and project execution skills. In the real-estate space, the USP is our value-for-money approach, which benefits our target audience immensely. Thus, in the past 30 years, with an exposure to wide and varied experiences, we have developed the expertise to handle complex and challenging projects, which has laid the foundation for our corporate growth.

Jitendra Jain, CEO and Managing Director, Neev Group of Companies Here's a group that knows what it's doing and where it's going! Neev Group of Companies has been in the construction space for the past three decades and has established expertise in the infrastructure and real-estate domains. Under the leadership of Jitendra Jain, CEO and Managing Director, the company has evolved from being a mere construction company to a development expert, providing quality and secure living to the citizens of Mumbai.  Jain began his career in the construction industry 18 years ago as an assistant site supervisor. Neev Group of Companies was established by his father Chandulal Jain in 1978. Jain has been instrumental in executing some of Mumbai's key infrastructural projects. He has also added value in the development of roads for easy and quick transport services and setting up water supply and sewage projects. As an integral part of the company's commitment towards society, Jain has also taken up slum rehabilitation projects by providing self-contained flats to slum dwellers. He shares more details with Jayanthi Nararyan... Current order bookThe total order book of the company is close to Rs 3,000 crore. In the real-estate sector, Neev Group plans to launch around 10 to 12 projects in the next three years. We recently launched two new residential projects: Ivory Tower in Prabhadevi and Excella Residency in Parel. These are strategically positioned for buyers in two different market segments in Mumbai. Ivory Tower truly provides a global lifestyle while Excella Residency is a mid-income housing project. Milestones achievedWe have undertaken some incredible work in healthcare, industrial complexes, slum rehabilitation and redevelopment. The group has completed over a hundred projects in the infrastructure space, including Bhabha Hospital, Nair Hospital, restoration work for KEM Hospital, the Worli school project, road development, KNP Market at Dadar, Jogila Market at Thane, and so on. The company has also undertaken the development of water supply network, sewage and storm projects. Besides, we are working with government bodies like the MCGM for future projects. Water infrastructureCurrently, Neev is executing a Rs 130-crore water infrastructure project that will cover most of Mumbai, from Colaba in South Mumbai to Andheri in the suburbs. Our efforts have always been to strengthen the water distribution network in the city to avoid wastage owing to leakage and contamination. We are contracted by the hydraulic engineering department to carry out various works under the water distribution improvement programme for select zones. Some major works that will be undertaken include improvement of water supply, replacement of various diameters, water mains, connection to live mains etc.  Restoration projectsOne of the most challenging projects for us is a Rs 120 crore restoration project of KEM Hospital on behalf of MCGM. Neev Group has been contracted to renovate the main building, which is a heritage structure. This project, covering a vast stretch of 523,400 sq ft, will be completed in 36 months. The two buildings of KEM Hospital (G+2 and G+3 each) have become dilapidated in the past 80 years. It will be a huge challenge for us to work on the stone masonry walls and the heavily damaged structure. Besides, we have to work on the HVAC system, medical gas system, patient care equipment and other regular civil work. Technology imperativeWe keep in step with the latest technology with the help of our research department. A decade ago, the industry was highly labour intensive but, with changing times, there have been enormous changes in the field of technology. Multiple technologies and change in methodology have resulted in enhancing productivity three to five times, resulting in shorter operational cycles and better quality output. Though the initial investment in technology-driven equipment is high, the output is much higher, resulting in value for money. The slowdownSectors like exports and manufacturing have been most affected by the global recession. The real-estate sector was also visibly impacted as there was a liquidity crunch in the market. Investors had stopped investing, buyers were not buying, and prices of projects were coming down. Fortunately, Neev Group was not as affected as other players. Our real-estate projects were already sold. And as a conscious strategic development, we focused more on infrastructure development projects where the potential was high. But now with the industry revival, we hope for better growth. Growth strategyWe planned to focus on the huge potential in infrastructure development when there was an economic downturn. But, now with market revival, we are looking at real estate as an integral component of our corporate growth strategy. We are carving a niche here by customising our projects to suit consumer and market needs. We have always gone by industry and market demand and trends. For instance, the current market demand lies in affordable housing. We will accommodate this trend into our corporate strategy to avail new opportunities. In addition to new markets, Neev Group is also looking to leverage its expertise in public utility projects like bridges, skywalks, mass housing, irrigation projects, recreation parks, beautification and landscape enhancement projects, among others. Driving factorsThe infrastructure needs of India have been given top priority by the government for the next five years, with an allocated budget of more than Rs 100,000 crore. This will push the demand for basic materials like steel and cement, which will lead to a growth in job opportunities, thus driving the economy. Expansion plansThough our operations stemmed from megapolis Mumbai, we are focusing on deeper penetration of areas in and around the city's suburbs, as well as entering other markets in Maharashtra, Karnataka and Gujarat. Infrastructure development will continue to be our focus owing to its tremendous potential. In the real-estate space, within the next three years, we will launch about 10-12 residential projects. Our USPIn the infrastructure space, our USP is timeliness and project execution skills. In the real-estate space, the USP is our value-for-money approach, which benefits our target audience immensely. Thus, in the past 30 years, with an exposure to wide and varied experiences, we have developed the expertise to handle complex and challenging projects, which has laid the foundation for our corporate growth.

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