+
 Increased demand for EV charging stations from real estate, RWAs
POWER & RENEWABLE ENERGY

Increased demand for EV charging stations from real estate, RWAs

Charging station firms are witnessing an increased demand for electric vehicle (EV) charging stations from real estate developers and residents' welfare associations (RWAs).

Many companies that are in partnership with builders for the EV projects are still in the planning stage, while the demand is also increasing from housing societies and old colonies as they are willing to invest in EV charging stations.

The founder of ElectriVa, Sumit Dhanuka, told the media that the demand for EV has increased due to the government's push, but now people are also wanting to switch to eco-friendly modes of transportation, which is visible from the increased demand from housing societies and RWAs.

The company has acquired a contract from the government of Delhi to set up EV charging infrastructure at major locations.

Kazam is creating EV friendly infrastructure by installing EV charging stations in apartments and residential apartments in partnership with the government, plans to install 10,000 EV charging stations.

Co-founder of Kazam, Akshay Shekhar, said that the company has already tied up with partnerships in Bengaluru, Gurgaon and Pune and the residents are also willing to convert 10% of their parking space into an EV charging station. The company has invested about Rs 5 crore in the expansion project.

Another real estate developer, Kalpataru, is offering EV charging parking at its upcoming infrastructure project.

Managing Director of Kalpataru, Parag Munot, said that electric mobility is the future of transport and the company wants to achieve the target of net-zero carbon emissions. With the EV demand expected to increase in future, it is necessary to build EV friendly ecosystems in residential and commercial spaces.

The government of India is also encouraging automobile manufacturers to increase the production of EVs to reduce India's dependence on crude oil imports and cut down vehicular pollution.

Co-founder of EVRA Energy Limited, Chandresh Sethia, said that EV demand is increasing in many cities, including Mumbai, Pune, Delhi National Capital Region (NCR), Bangalore and Hyderabad.

Image Source

Also read: India to have 22,000 EV charging stations of 70,000 petrol pumps

Also read: CESL ties up with IIT Bombay to set up EV charging infrastructure

Charging station firms are witnessing an increased demand for electric vehicle (EV) charging stations from real estate developers and residents' welfare associations (RWAs). Many companies that are in partnership with builders for the EV projects are still in the planning stage, while the demand is also increasing from housing societies and old colonies as they are willing to invest in EV charging stations. The founder of ElectriVa, Sumit Dhanuka, told the media that the demand for EV has increased due to the government's push, but now people are also wanting to switch to eco-friendly modes of transportation, which is visible from the increased demand from housing societies and RWAs. The company has acquired a contract from the government of Delhi to set up EV charging infrastructure at major locations. Kazam is creating EV friendly infrastructure by installing EV charging stations in apartments and residential apartments in partnership with the government, plans to install 10,000 EV charging stations. Co-founder of Kazam, Akshay Shekhar, said that the company has already tied up with partnerships in Bengaluru, Gurgaon and Pune and the residents are also willing to convert 10% of their parking space into an EV charging station. The company has invested about Rs 5 crore in the expansion project. Another real estate developer, Kalpataru, is offering EV charging parking at its upcoming infrastructure project. Managing Director of Kalpataru, Parag Munot, said that electric mobility is the future of transport and the company wants to achieve the target of net-zero carbon emissions. With the EV demand expected to increase in future, it is necessary to build EV friendly ecosystems in residential and commercial spaces. The government of India is also encouraging automobile manufacturers to increase the production of EVs to reduce India's dependence on crude oil imports and cut down vehicular pollution. Co-founder of EVRA Energy Limited, Chandresh Sethia, said that EV demand is increasing in many cities, including Mumbai, Pune, Delhi National Capital Region (NCR), Bangalore and Hyderabad. Image Source Also read: India to have 22,000 EV charging stations of 70,000 petrol pumps Also read: CESL ties up with IIT Bombay to set up EV charging infrastructure

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code