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Project site staff find our platform beneficial and frictionless
Real Estate

Project site staff find our platform beneficial and frictionless

Sashi Kiran, Founder and Director, FALCONBRICK Technologies tells CW about company plans.What inspired you to launch FalconBrick Technologies and what specific inefficiencies in the constructi...

Sashi Kiran, Founder and Director, FALCONBRICK Technologies tells CW about company plans.What inspired you to launch FalconBrick Technologies and what specific inefficiencies in the construction industry were you looking to address?The idea emerged when we wondered why the $ 600 billion Indian construction industry is plagued with project delays and cost overruns. Digging deeper, we found that projects were being managed in very outdated ways, leading to huge chaos during execution. We believed technology had a clear answer and with our collective experience in construction and technology, we set out to build this.How does FalconBrick’s platform enhance transparency and efficiency on construction sites? Our construction management platform is a single unified system with a mobile app for  site staff and a suite of live dashboards and predictive data analytics for senior management. It benefits projects in three ways: real-time monitoring, thus quicker project completion; quality improvement leading to reduced rework costs and defect-free handover; and seamless coordination between all stakeholders, including contractors, builders, architects, external consultants and third parties.What has been the adoption journey like? Have there  been any challenges in convincing the industry to embrace this technology?Earlier, we did face adoption challenges, especially among site staff. For this, we introduced specific features, such as zero-internet usage functionality, customisation to specific project needs, and a very robust support system via our customer success team. As a result, our growth today is mainly driven by onsite users, who find it beneficial and frictionless to use.Who can benefit from FalconBrick beyond builders? Does it cater to contractors, developers or  other stakeholders?Today, FalconBrick is being  used in 300+ projects across  10 cities by developers (large and small) such as Prestige, Embassy, MyHome, Aparna Constructions and K Raheja; PMCs such as JLL, CBRE and Colliers; and contractors such as L&T, NCC and Capacit'e Infraprojects. Also, it has been implemented across a variety of segments such as residential, commercial, industrial, institutional and infrastructure as well as fitouts and interiors. With digital adoption growing in construction, how do you see the future of tech-driven solutions shaping the industry?Undoubtedly, technology will play a key role if the sheer scale of construction projects being conceptualised has to become a reality. However, the main problem crippling the industry is the severe shortage of critical execution skills such as project estimation, budgeting, agile project management, and schedule and cost control. Hence, technology innovations that can address these specific areas will prove to be the key differentiators.

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Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

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Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

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Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

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