+
How Advanced Elevators are Key to an Urban India
ECONOMY & POLICY

How Advanced Elevators are Key to an Urban India

A rapidly growing population and increasing urbanisation have necessitated the development of Smart Cities in India. In fact, the Smart Cities Mission has seen participation from over 100 cities in India already – with 91 per cent of the 8,075 projects representing an investment of Rs.1.47 lakh crore, completed as of December 2024. The construction sector is at the centre of this transformation to a more connected and sustainable society. From residential complexes to hospitals, commercial centres and retail spaces, this industry is focused on creating spaces for people to live, work, and thrive.

The key priorities include the redevelopment and modernisation of existing buildings – and metro cities are the trendsetters here. These cities are optimising land use and addressing infrastructure challenges efficiently. Perhaps the biggest component of this transformation is vertical transportation to ensure safe and smooth movement within buildings. As cities expand upwards, there is a significant rise in demand for advanced elevators.

Elevators are no longer known for convenience but as a modern urban fabric for high-rise buildings. Recent projections estimate that the Indian elevator market is expected to reach approximately $7.79 billion by 2030. The integration of new technology and mechanical components is not only for elevator safety but also for an enhanced passenger experience. Modern elevators are equipped with sensors and cloud-based monitoring platforms to enable real-time data analysis. These systems can predict maintenance needs and reduce elevator downtime by up to 50% for uninterrupted service in high-traffic environments.

Similarly, the TWIN elevator system can operate two independent cars within a single shaft. It doubles capacity without the need for additional space. This design is especially beneficial in densely populated urban areas where optimizing space becomes essential. The growth of the elevator industry is closely linked to broader economic development goals in India. Increased investments in urban infrastructure, coupled with local manufacturing initiatives under the ‘Make in India’ campaign, have boosted employment, innovation, and sustainability in the sector.

Modern elevators can contribute to sustainable urban development – alongside innovation for the more functional (e.g., superior user experience) and visual (e.g., sleek design) aspects of vertical mobility in contemporary cities. For example, the introduction of regenerative drives and LED lighting has reduced energy consumption and cut costs already. As India continues to build smarter, more connected cities, the role of advanced elevator systems will become highly prominent. Investments in cutting-edge technology, combined with a commitment to sustainable practices are necessary to help the overall equality of urban living and to support efficient mobility within buildings.

The article is authored by Manish Mehan, CEO & MD, TK Elevator India

A rapidly growing population and increasing urbanisation have necessitated the development of Smart Cities in India. In fact, the Smart Cities Mission has seen participation from over 100 cities in India already – with 91 per cent of the 8,075 projects representing an investment of Rs.1.47 lakh crore, completed as of December 2024. The construction sector is at the centre of this transformation to a more connected and sustainable society. From residential complexes to hospitals, commercial centres and retail spaces, this industry is focused on creating spaces for people to live, work, and thrive. The key priorities include the redevelopment and modernisation of existing buildings – and metro cities are the trendsetters here. These cities are optimising land use and addressing infrastructure challenges efficiently. Perhaps the biggest component of this transformation is vertical transportation to ensure safe and smooth movement within buildings. As cities expand upwards, there is a significant rise in demand for advanced elevators. Elevators are no longer known for convenience but as a modern urban fabric for high-rise buildings. Recent projections estimate that the Indian elevator market is expected to reach approximately $7.79 billion by 2030. The integration of new technology and mechanical components is not only for elevator safety but also for an enhanced passenger experience. Modern elevators are equipped with sensors and cloud-based monitoring platforms to enable real-time data analysis. These systems can predict maintenance needs and reduce elevator downtime by up to 50% for uninterrupted service in high-traffic environments. Similarly, the TWIN elevator system can operate two independent cars within a single shaft. It doubles capacity without the need for additional space. This design is especially beneficial in densely populated urban areas where optimizing space becomes essential. The growth of the elevator industry is closely linked to broader economic development goals in India. Increased investments in urban infrastructure, coupled with local manufacturing initiatives under the ‘Make in India’ campaign, have boosted employment, innovation, and sustainability in the sector. Modern elevators can contribute to sustainable urban development – alongside innovation for the more functional (e.g., superior user experience) and visual (e.g., sleek design) aspects of vertical mobility in contemporary cities. For example, the introduction of regenerative drives and LED lighting has reduced energy consumption and cut costs already. As India continues to build smarter, more connected cities, the role of advanced elevator systems will become highly prominent. Investments in cutting-edge technology, combined with a commitment to sustainable practices are necessary to help the overall equality of urban living and to support efficient mobility within buildings. The article is authored by Manish Mehan, CEO & MD, TK Elevator India

Next Story
Infrastructure Urban

Transrail PAT Doubles to Rs 1.06 Billion in Q1 FY26

Transrail Lighting Limited, a leading Indian EPC firm specialising in power transmission and distribution (T&D), reported robust financial performance for the quarter ended 30 June 2025 (Q1 FY26).The company recorded a consolidated operational revenue of Rs 16.6 billion, marking an 81 per cent year-on-year increase. EBITDA rose 66 per cent to Rs 2 billion, while Profit After Tax (PAT) more than doubled to Rs 1.06 billion, representing a 105 per cent growth from Q1 FY25. PAT margin improved to 6.33 per cent, up 46 basis points from the previous year.Key Operational Highlights:Strong executi..

Next Story
Infrastructure Urban

Allied Digital PAT Grows 40 per cent YoY to Rs 140 Million in Q1 FY26

Allied Digital Services Limited (ADSL), a leading global provider of IT services and solutions, reported strong financial performance for the first quarter ended 30 June 2025.For Q1 FY26, consolidated revenue rose by 22 per cent year-on-year to Rs 2.19 billion, while EBITDA increased 16 per cent to Rs 220 million. Profit After Tax (PAT) grew 40 per cent YoY to Rs 140 million, reflecting robust operational execution.Revenue Breakdown:India revenue surged 31 per cent YoY to Rs 800 million, underlining its role as the company’s primary growth driver.Revenue from Rest of World (RoW) grew 18 per ..

Next Story
Infrastructure Energy

Gujarat Gas PAT Rises 14 per cent QoQ to Rs 3.27 Billion

Gujarat Gas Limited has announced its financial and operational performance for the quarter ended 30 June 2025 (Q1 FY26), reporting record CNG volumes and quarter-on-quarter growth in both EBITDA and net profit.Financial Performance – Q1 FY26Revenue from operations stood at Rs 11.07 billion, down from Rs 11.62 billion in Q1 FY25.EBITDA rose to Rs 5.79 billion, compared to Rs 5.74 billion in the same quarter last year and up 11 per cent from Q4 FY25.Profit After Tax (PAT) was Rs 3.27 billion, showing a 14 per cent increase from Rs 2.87 billion in Q4 FY25, though marginally lower than Rs 3.30 ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?