Otis India expects uptick in demand amid surge in housing sales
Real Estate

Otis India expects uptick in demand amid surge in housing sales

Otis Elevator Company India Limited is expecting an increase in demand for elevators on the back of an increase in housing sales and the push on investment for the government in infrastructure.

India is the second-largest in the elevator market after China, and the residential segment accounts for almost 80% of the Indian market, said Sebi Joseph, President of Otis India.

He said that the elevator market is expected to increase in the coming years, and major drivers for it would be residential and infrastructure. Although infrastructure contributes only 5%, it is growing with the pushing investment of the government.

Otis is anticipating more demand from the tier two cities as Covid-19 has increased the high-rise's acceptance.

Otis India has introduced a digital portal where people can customise their orders, get a live quote, and book their elevators from their mobile phones or laptops to cater to their needs.

Once the booking is completed, the online portal automatically sends a booking confirmation through email to the customer. Then a sales expert of Otis will contact the customer for order finalising and trigger the process of order fulfillment.

He further added that the Covid-19 has stimulated the momentum of digital disruption. India operates on a digital-first basis. So, we designed this system to meet our customers’ needs.

Image Source


Also read: Housing sales notes 75% growth in H1 2021: CBRE South Asia

Otis Elevator Company India Limited is expecting an increase in demand for elevators on the back of an increase in housing sales and the push on investment for the government in infrastructure. India is the second-largest in the elevator market after China, and the residential segment accounts for almost 80% of the Indian market, said Sebi Joseph, President of Otis India. He said that the elevator market is expected to increase in the coming years, and major drivers for it would be residential and infrastructure. Although infrastructure contributes only 5%, it is growing with the pushing investment of the government. Otis is anticipating more demand from the tier two cities as Covid-19 has increased the high-rise's acceptance. Otis India has introduced a digital portal where people can customise their orders, get a live quote, and book their elevators from their mobile phones or laptops to cater to their needs. Once the booking is completed, the online portal automatically sends a booking confirmation through email to the customer. Then a sales expert of Otis will contact the customer for order finalising and trigger the process of order fulfillment. He further added that the Covid-19 has stimulated the momentum of digital disruption. India operates on a digital-first basis. So, we designed this system to meet our customers’ needs. Image Source Also read: Housing sales notes 75% growth in H1 2021: CBRE South Asia

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement