+
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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?