KONE Expands Bengaluru Branch and South Regional Office

KONE Expands Bengaluru Branch and South Regional Office KONE Elevator India has expanded its Bengaluru Branch and South Regional Office in Hebbal, strengthening its sales, installation, service and modernisation capabilities across Karnataka. The facility was inaugurated by Amit Gossain, Managing Director, KONE Elevator India & South Asia, along with Murali Malayappan, Chairman and Managing Director, Shriram Properties Limited. The expanded office will support KONE’s operations in Mysuru, Mandya, Kolar, Tumakuru, Chamarajanagar and other parts of Karnataka. It will also serve as a regional leadership hub for the company’s South India business. Designed as an experience centre, the facility will showcase KONE’s elevator solutions, digital technologies and People Flow innovations for customers, developers and industry stakeholders. “Karnataka continues to be one of our strategic growth markets, supported by urbanisation, technology ecosystems and investments across residential, commercial and infrastructure development,” said Amit Gossain. “This expansion strengthens our ability to support customers across the state while providing regional leadership for our South India business.” KONE has worked on a range of commercial, healthcare, technology park and mixed-use developments in Karnataka, partnering with organisations and developers including IKEA, Hewlett Packard Enterprise, Embassy Group, Sattva Group, Sobha Group, Shriram Properties, GE HealthCare and others. KONE has operated in India since 1984. Headquartered in Chennai, the company serves customers through more than 50 branches and employs over 5,500 people. Its manufacturing facility in Sriperumbudur supports markets including India, Bangladesh, Bhutan, Nepal and Sri Lanka. Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

Bansal Family Announces ₹10,000 Crore FY27 Investment Plan Through M3M India and Smartworld Developers

Bansal Family Announces ₹10,000 Crore FY27 Investment Plan Through M3M India and Smartworld Developers The Bansal Family has announced an investment roadmap of approximately ₹10,000 crore for FY27 through its real estate platforms, M3M India and Smartworld Developers. The planned investment will be directed towards construction activity and strategic land acquisitions, supporting the group’s continued expansion across the National Capital Region. The investment plan comes as the family strengthens its presence across luxury and premium housing, branded residences, retail, office and emerging commercial developments. The group has stated that the capital deployment will support both ongoing execution and future growth opportunities. Through M3M India and Smartworld Developers, the Bansal Family has built a real estate portfolio with a Gross Development Value of more than ₹1.28 lakh crore. It also holds a fully paid land bank of over 3,000 acres across NCR, of which around 26% has been utilised so far, leaving a substantial pipeline for future development. The group has delivered more than 30.6 million sq. ft. across 34 projects, including over 14,000 homes. It currently has 40 ongoing projects under development, covering approximately 57.2 million sq. ft., and plans to deliver another 1,000 homes over the next three months. The companies have also expanded beyond residential development. The Bansal Family says it has developed over 11.2 million sq. ft. of retail space, positioning it among North India’s largest retail developers. In Noida, M3M has added M3M The Cullinan Emporium, a nearly one-million-sq.-ft. premium retail development. Luxury and branded residences are expected to remain an important part of the future portfolio. The family’s branded-residences pipeline spans nearly 6.9 million sq. ft. and includes partnerships with global names such as The Trump Organization, ELIE SAAB and Jacob & Co. According to the group, this segment has revenue potential of over ₹20,000 crore. Its latest ultra-luxury initiative, The Billionaire’s Block at Smart City Delhi Airport in Sector 111, Gurugram, is being positioned as an integrated luxury district. The development includes M3M Residences by ELIE SAAB and forms part of a wider ₹3,500 crore investment in ELIE SAAB-branded residential projects. The ₹10,000 crore FY27 plan signals continued confidence in NCR’s residential, retail and luxury real estate markets, while giving M3M India and Smartworld Developers greater scope to add land, accelerate construction and expand their next phase of development. Economic Times Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

KONE, AIO Partner to Support Smarter Cities in Egypt

KONE, Arab International Optronics Explore Smart Mobility Collaboration in Egypt KONE has signed a Letter of Intent with Arab International Optronics (AIO) to explore opportunities in smart mobility, sustainable infrastructure and advanced industrial solutions in Egypt. The agreement was signed in Cairo in the presence of Egypt’s Minister of Industry, Khaled Hashem, and Finland’s Ambassador to Egypt, Riikka Eela. The proposed collaboration brings together KONE’s elevator, escalator and People Flow expertise with AIO’s local industrial and technology capabilities. The two companies will assess opportunities related to future-ready mobility systems, infrastructure innovation and sustainable urban development. For KONE, the move reinforces Egypt’s importance as a growth and manufacturing market in the region. The company said its local engagement aligns with Egypt Vision 2030, particularly the push towards smarter, more sustainable urban communities. AIO, which supports local industrial development and advanced technology initiatives, sees the agreement as an opportunity to combine international know-how with Egyptian capabilities. Ahmed Fathi, Managing Director of KONE Egypt, said the Letter of Intent is intended to create long-term value for the local market by developing reliable mobility solutions suited to Egypt’s changing urban landscape. The agreement does not yet outline specific projects or commercial commitments. Instead, it establishes a framework for the companies to evaluate future collaboration in areas including smart infrastructure, industrial technology and people movement solutions. Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

Bhutani Infra Sets Out Vision to Transform Noida’s Entertainment City

NCLT Order Brings Legal Clarity as Bhutani Infra Maps Revival of Noida’s Entertainment City The proposed redevelopment could reposition the 147.48-acre property as a major mixed-use destination combining entertainment, retail, hospitality and commercial development. A long-running ownership dispute surrounding Noida’s Entertainment City has moved closer to resolution following an order from the National Company Law Tribunal. The order provides Bhutani Infra with greater legal clarity as it begins mapping the proposed revival of the approximately 147.48-acre destination. The company envisions a comprehensive mixed-use development bringing together entertainment, experiential retail, hospitality, cultural venues and commercial spaces. Entertainment City is already home to some of Noida’s most recognisable leisure and retail assets, including The Great India Place Mall, Gardens Galleria Mall, Worlds of Wonder Theme Park, WOW Water Park and KidZania. The property also contains hotels, retail areas and other leisure attractions. What the NCLT Order Covers The NCLT’s New Delhi Bench directed Entertainment City Limited to register shares transferred by minority shareholders IIRF Holdings V Limited and Vistra ITCL (India) Limited to Parmesh Construction Company Limited. Parmesh Construction Company Limited is part of the Bhutani Infra Group. The transfer represents a combined 4.26 per cent equity stake, comprising 3.70 per cent from IIRF Holdings and 0.56 per cent from Vistra ITCL. The transfer had been opposed by Unitech Holding Limited over provisions related to its right of first refusal and other shareholder-agreement requirements. The tribunal ruled that the share transfer could not be refused and directed Entertainment City Limited to enter Parmesh Construction Company’s name in its Register of Members. The order has consequently removed an important legal obstacle affecting the property. ETLegalWorld Importantly, the order concerns the registration of the 4.26 per cent share transfer. It should not be interpreted as a separate regulatory approval for the entire proposed redevelopment. A New Vision for Entertainment City Bhutani Infra is now considering a large-scale redevelopment programme intended to restore Entertainment City’s position as a leading leisure and lifestyle destination in Delhi-NCR. The proposed roadmap could include the modernisation of existing infrastructure, expansion of Worlds of Wonder, development of new theme parks and creation of experiential retail zones. Premium hotels, hospitality facilities, public plazas, cultural centres and event venues are also among the components being considered. Smart and sustainable technologies are expected to be integrated into the wider development plan. If implemented, the redevelopment would shift Entertainment City from a collection of individual attractions into a more integrated urban destination where visitors can shop, work, stay, attend events and access entertainment within one connected environment. Financial Express Collaboration Will Remain Important Bhutani Group has acknowledged the role played by Unitech and other stakeholders in the development of Entertainment City and has expressed its intention to pursue the revival through collaboration. Ashish Bhutani, CEO of Bhutani Infra, described the NCLT order as an important step towards dialogue, cooperation and long-term value creation. With a shared vision among stakeholders, the company believes Entertainment City could be repositioned as one of India’s leading entertainment, tourism and lifestyle destinations. The proposed redevelopment could also help the property respond to changing consumer expectations. Modern mixed-use destinations are increasingly being designed around experiences rather than conventional retail alone, combining dining, hospitality, entertainment, public spaces and cultural programming. What the Redevelopment Could Mean for Noida Entertainment City occupies a significant location within one of India’s fastest-growing real estate markets. Reviving a property of this scale could strengthen Noida’s appeal as a regional destination for entertainment, tourism, retail and business. The redevelopment has the potential to attract national and international entertainment and hospitality operators, support employment and encourage further investment in the surrounding area. It could also provide new opportunities for architects, consultants, contractors, building-technology companies and infrastructure providers. For the elevator and escalator industry, a mixed-use redevelopment of this scale could create demand for high-capacity passenger movement, accessible vertical mobility, destination-control systems, escalators, service lifts and digitally connected maintenance solutions. The final opportunity will, however, depend on the approved master plan and execution programme. The Road Ahead The NCLT order represents legal progress, but the transformation of Entertainment City will depend on stakeholder alignment, statutory approvals, detailed planning and phased execution. Bhutani Infra has yet to release the final redevelopment master plan, construction schedule or confirmed investment structure. The currently discussed components should therefore be treated as part of a proposed vision rather than a final approved development programme. Even so, the legal clarity surrounding the share transfer marks a meaningful step towards unlocking the potential of one of Noida’s largest mixed-use properties. If the proposed revival moves forward, Entertainment City could emerge as a renewed urban destination and play an important role in the next phase of Noida’s commercial, hospitality and entertainment growth. Moneycontrol Accuracy note: Bhutani Group’s official management page identifies Ashish Bhutani as CEO, Bhutani Group, not Founder and CEO. I recommend using “Ashish Bhutani, CEO, Bhutani Infra” in the published creative. Bhutani Group   Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

Otis Brazil Completes Elevator Upgrade at Christ the Redeemer Monument

Global News Otis Brazil Completes Elevator Upgrade at Christ the Redeemer Monument Otis Brazil has completed the modernisation of three elevators at Christ the Redeemer in Rio de Janeiro, marking an important upgrade for one of the world’s most recognised landmark destinations. Otis Brazil has completed comprehensive technical upgrades to the three elevators that help carry visitors to Christ the Redeemer, the iconic monument located in Tijuca National Park, Rio de Janeiro. The elevators support visitor movement at Alto Corcovado for those arriving through the Corcovado Train, making them a key part of the monument’s access infrastructure. The project comes 22 years after Otis originally installed the elevators and escalators at the site in 2003. Since then, Otis has also been responsible for maintaining the equipment. The latest upgrade is aimed at improving performance, durability and accessibility for the millions of visitors who travel to the monument every year. What the Elevator Upgrade Includes As part of the elevator modernisation, the three Otis Gen2 elevators have undergone major technical improvements. The work includes replacement of machinery and controls, along with the installation of new signage, fixtures and buttons. These changes are designed to support smoother operation, improved reliability and a better visitor experience across the different access levels of Alto Corcovado. New Escalators and Inclined Elevators Also Planned The project is not limited to elevators. Otis will also install four new public escalators and two customised inclined elevators at the site. The new escalators are designed for outdoor environments, while the inclined elevators are being introduced to improve access for visitors with limited mobility, especially those who may not have been able to comfortably use stairs or escalators earlier. For landmark destinations such as Christ the Redeemer, vertical transportation is not only a support system. It is part of the visitor experience, accessibility planning and long-term public infrastructure. A Project Linked to Heritage, Tourism and Public Access The improvement project has been commissioned by Trem do Corcovado, based on a revitalisation plan established by the Chico Mendes Institute for Biodiversity Conservation, known as ICMBio, which manages the national park. This makes the project a strong example of how vertical transportation systems are becoming an integral part of heritage, tourism and public access planning. Why This Matters for the Elevator and Escalator Industry For the elevator and escalator industry, the Christ the Redeemer project highlights a larger shift. Modernisation is no longer only about replacing ageing components in commercial buildings. It is also about keeping high-footfall public landmarks accessible, safe and operational without compromising the experience of visitors. Tourist destinations such as monuments, museums, hilltop attractions and heritage sites often present complex mobility challenges. Equipment must function reliably under heavy visitor traffic, changing weather conditions and difficult site constraints. At such locations, elevators and escalators are not simply support systems. They become part of the visitor journey itself. Accessibility at Public Landmarks The addition of inclined elevators is especially significant from an accessibility perspective. Public spaces across the world are increasingly expected to serve a wider range of users, including senior citizens, wheelchair users, families with children and people with temporary or permanent mobility limitations. By improving access at a landmark like Christ the Redeemer, the project reinforces the role of vertical transportation in making public destinations more inclusive. Otis Brazil Marks 120 Years Otis Brazil’s work at the monument also comes in a milestone year for the company’s presence in the country. According to Otis, 2026 marks 120 years of its operations in Brazil. The Christ the Redeemer project therefore adds both technical and symbolic value to its long association with Brazilian infrastructure and public mobility. Globally, Otis says it moves 2.5 billion people each day and maintains approximately 2.5 million customer units across its service portfolio. Its work spans residential and commercial buildings, transport hubs and landmark structures around the world. The Bigger Picture The completion of the elevator upgrade at Christ the Redeemer is a reminder that vertical transportation is essential not only for high-rise buildings, but also for cultural, civic and tourism infrastructure. As landmark destinations continue to attract large visitor numbers, modernisation of elevators, escalators and inclined mobility systems will remain central to safety, accessibility and long-term operational performance. Source: Otis / PR Newswire Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

Schindler India Launches TÜV SÜD-Certified Green Elevator Maintenance Contract

Industry News Schindler India Launches TÜV SÜD-Certified Green Elevator Maintenance Contract Schindler India has introduced the Schindler EcoLite Contract, described by the company as India’s first sustainable elevator maintenance contract certified to reduce carbon emissions by up to 35%. The new service combines real-time remote monitoring with smarter, data-led maintenance to lower the carbon footprint of elevator, escalator and moving-walkway servicing. According to Schindler India, the EcoLite Green Contract uses adaptive and preventive maintenance instead of a traditional fixed servicing approach. The company says this helps reduce unnecessary technician travel, improves maintenance planning and allows issues to be identified before they become major problems. The carbon reduction figure has been certified by TÜV SÜD, one of the global certification agencies. Connected Maintenance at the Core A key part of the offering is Schindler’s connected elevator technology. Through the Internet of Elevators and Escalators, connected units generate real-time data that can be accessed by Schindler’s technicians. This allows the service team to understand equipment condition before visiting a site, plan the right tools and spare parts in advance, and in some cases troubleshoot or maintain units remotely. Reducing Downtime and Service Emissions The company said the approach is designed to make maintenance more efficient, reliable and sustainable. By reducing repeat visits and enabling faster response, the contract aims to lower downtime while also supporting building owners who are looking to improve the sustainability profile of their properties. The launch also connects with Schindler’s wider sustainability direction. The company has stated a goal of becoming carbon neutral by 2040, while its climate transition plan identifies low-carbon service contracts as part of its broader decarbonisation efforts. Why It Matters for the Elevator Industry For India’s elevator and escalator industry, the EcoLite Green Contract reflects a wider shift in how maintenance is being positioned. Service is no longer only about uptime and safety, but also about data, predictive maintenance, energy efficiency and measurable environmental impact. As more commercial buildings, residential towers, transport hubs and mixed-use developments adopt sustainability targets, green maintenance models could become an important differentiator for building owners and facility managers. Schindler India’s launch signals that sustainability is now moving deeper into the lifecycle of vertical transportation systems, not just product design or installation. Source: Schindler India Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

Korea Lift Safety Institute Backs Two-Line Escalator Riding to Improve Safety and Crowd Movement

Escalator Safety News Korea Lift Safety Institute Backs Two-Line Escalator Riding to Improve Safety and Crowd Movement South Korea is reviving its two-line escalator riding campaign after 11 years, reopening a major public debate on safety, machine wear and transport efficiency in busy public spaces. South Korea is bringing back its two-line escalator riding campaign, a move backed by the Korea Lift Safety Institute and supported by experts who say the practice can help reduce accidents, limit uneven mechanical wear and improve crowd flow. The campaign returns after 11 years and comes at a time when the country is once again debating whether passengers should stand on one side of an escalator or use both sides. For decades, many commuters have followed the habit of standing on one side while leaving the other side open for people who want to walk. While this habit has often been seen as considerate, experts now say it creates a safety and efficiency problem. The concern is not only about how people move, but also about how escalators are designed to carry weight. The key message is simple: two-line riding can make escalators safer for passengers, healthier for machines and more efficient during crowded periods. A Policy That Has Changed Direction Before South Korea’s escalator policy has shifted several times over the years. Single-line riding was recommended in the late 1990s. The country returned to two-line riding in 2007, before the campaign was eventually scrapped in 2015. The latest revival is being described as a science-based decision rather than a simple etiquette campaign. Experts believe the change is necessary because the long-standing single-line habit has placed repeated stress on escalators and may have increased the risk of accidents. 46% Of 597 subway station fall incidents from 2020 to 2024 occurred on escalators, according to Seoul Metro. 95%+ Higher wear was found on right-side escalator components compared with the left side in a 2026 Korea Lift Safety Institute study. 30% Increase in carrying capacity was observed during a 2016 London Underground experiment at Holborn Station. Why Single-Line Riding Can Damage Escalators Mechanical engineers warn that escalators are precision machines designed to carry loads evenly across both sides. When most passengers stand on one side and the other side is used for walking, the machine experiences uneven loading. Kim Eui-soo, professor of mechanical engineering at Korea National University of Transportation, explained that continued single-line riding can cause one-sided wear of rollers and rails, along with unequal elongation between the left and right chains. Over time, these issues can increase the risk of serious mechanical failure. Another concern is dynamic load. When a person stands still, the load on the escalator is treated as a normal static load. But walking can raise the load to around three times that level, while running can increase it to nearly seven or eight times. This repeated impact can accelerate metal fatigue and place extra stress on the escalator system. Escalators are designed to move people safely, not to function as running tracks. Expert view highlighted in the report The Efficiency Debate Supporters of single-line riding often argue that keeping one side open helps people move faster. However, studies and crowd-flow experts suggest that this may not be true during busy periods. In practice, only about 25% of subway users walk on escalators. This means the standing side carries most passengers, while the walking side often remains underused. The result is a crowded standing lane and an inefficiently used walking lane. Michael Foo, a professor of mechanical engineering at the University of Maryland who studies crowd flow on escalators, noted that reserving one lane only for walkers creates a resource imbalance. Since the majority of passengers stand, using only one lane for them reduces the total movement capacity of the escalator. Single-Line Riding One side becomes crowded, the walking lane is underused and uneven load can increase mechanical stress on escalator parts. Two-Line Riding Both sides are used, weight is distributed more evenly and more people can move through the escalator during peak congestion. What Global Examples Show International examples support the idea that two-line riding can improve passenger movement in crowded systems. In 2016, an experiment at Holborn Station on the London Underground showed that asking passengers to stand on both sides increased carrying capacity by about 30% during the same time period. Taipei introduced two-line escalator riding in 2005 and is often cited as a successful example in Asia. In Japan, Saitama Prefecture introduced an ordinance in 2021 that reduced walking on escalators by 20%. However, because the rule did not include penalties, old behaviour gradually returned within a year. Researchers in Japan and China have also found that two-line riding becomes more beneficial as congestion increases. A 2020 statistical physics model by a Japanese research team and a 2018 simulation study by a Chinese group both reached similar conclusions. Experts Call for Flexible Rules Experts believe the success of South Korea’s campaign will depend on enforcement and practical design. Some have suggested that local ordinances with meaningful penalties may be needed if awareness campaigns alone do not change public behaviour. However, many also believe that a rigid one-size-fits-all rule may not be ideal. Instead, they recommend a conditional approach based on congestion levels, escalator length and real-time passenger flow. 1 Use two-line riding during peak congestion to increase carrying capacity and reduce bottlenecks. 2 Encourage passengers not to walk or run on escalators, especially in crowded stations. 3 Consider traffic light-style guidance that advises passengers based on real-time crowd conditions. 4 Support awareness campaigns with stronger local enforcement where needed. The Bigger Message South Korea’s renewed two-line escalator campaign is not only about changing commuter etiquette. It is about using safety data, engineering evidence and crowd-flow science to reduce accidents, protect equipment and move people more efficiently in public transport spaces.

Hybon and Tonino Lamborghini

Press Release Hybon and Tonino Lamborghini Unveil India’s First Fashion Elevator Collection A landmark design-engineering collaboration introduces four premium cabin collections, redefining luxury vertical mobility for India’s premium real estate, hospitality and institutional spaces. The New Rise Launch Overview The Hybon Tonino Lamborghini Collection marks a new chapter in India’s luxury elevator market, bringing together Italian design sophistication and Indian engineering precision. Hybon Elevators & Escalators Pvt. Ltd. unveiled the Hybon Tonino Lamborghini Collection on June 27, 2026, marking India’s first luxury elevator collaboration with Tonino Lamborghini, the Italian design and lifestyle house. The exclusive gala at XS Club by A Dot brought together architects, developers, international delegates, media personalities and industry leaders to witness a transformation in how vertical mobility is experienced in India’s premium real estate landscape. Designed for ultra-premium residences, luxury hospitality and landmark institutional projects, the HTL Collection positions the elevator experience as an integral part of architectural identity. The collection transforms functional infrastructure into a curated journey, where sensory design, material authenticity, technology and precision engineering come together inside the cabin experience. The Four Luxury Cabin Experiences The Hybon Tonino Lamborghini Collection introduces four distinctive luxury cabin experiences, each designed to serve premium architectural spaces with a unique design personality. SOMMO Embodies minimalist luxury with refined detailing and recessed lighting, creating an atmosphere of understated elegance. MARTE Integrates biomimetic steel and acoustic precision, balancing futuristic design with immersive comfort. DINAMICO Expresses movement through kinetic material transitions and adaptive spatial design. IMPERIO Stands as the ultimate statement of grandeur with sculptural forms and handcrafted detailing. Collection Highlights The HTL Collection brings together design, performance, safety, comfort and connected service intelligence for a new luxury vertical mobility experience. 1.75 m/s Speed and Performance Designed to deliver faster premium mobility across key building formats, with high-rise capability positioned for luxury developments. 39″ Full LED Touchscreen A large interactive interface with custom themes, custom floor labels and a cabin experience inspired by premium automotive design. 15 Years Warranty and Service The collection highlights long-term parts warranty and round-the-clock service support for luxury ownership confidence. 3D Advanced Door Sensing Safety and comfort features include 3D sensing designed to detect users before they reach the door line. App Connected Ownership Owners can monitor health and status, operate from the app, raise concerns and experience seamless ownership. 24×7 Service Intelligence Remote monitoring, auto ticket generation, live engineer ETA and status notifications support a more proactive service model. “ This partnership redefines what elevators represent. We are not simply engineering vertical mobility, we are bringing fashion to the journey between floors. Mr. Ratan Singh Sehgal, Managing Director, Hybon Elevators & Escalators Pvt. Ltd. Launch Event The unveiling took place at XS Club by A Dot in Gurugram. The event brought together architects, developers, media personalities, international delegates and industry leaders. Rajiv Makhni, renowned tech and innovation commentator, led key presentations at the event. The evening also featured Pavleen Gujral, Sophie Choudry, Lekka and entertainment by DJ Wiked. International Representation Tonino Lamborghini was represented by Ms. Lorenza Lavezzi, Head of Business Development & Licensing. Mr. Nicola D’Addabbo, Head of Real Estate & Hospitality for APAC and North-Central America, also represented Tonino Lamborghini. The presence of the Italian Embassy’s delegation emphasized the bilateral nature of the Indo-Italian collaboration. Luxury Mobility for Modern India The collaboration arrives at a time when India’s premium real estate sector is increasingly prioritizing design-led, personalized experiences and architectural differentiation. Founded in 2013, Hybon Elevators has established itself in India’s ultra-premium elevator manufacturing segment. Backed by the Sehgal Group’s manufacturing legacy since 1975, the company has brought innovation and global standards to India’s luxury mobility sector. The Hybon Tonino Lamborghini Collection expands this vision into luxury residential towers, hospitality destinations and institutional spaces. Tonino Lamborghini’s involvement signals growing international recognition of India’s evolving luxury market. Every material, every texture and every detail in the Hybon Tonino Lamborghini Collection has been designed to reflect the aspirations of contemporary India. With the HTL Collection, Hybon and Tonino Lamborghini are shaping the future of vertical mobility, one cabin at a time. About Hybon Elevators & Escalators Pvt. Ltd. Founded in 2013, Hybon is India’s premier ultra-premium elevator manufacturer, combining engineering innovation with design excellence for luxury residential, hospitality and institutional segments. About Tonino Lamborghini Tonino Lamborghini is an Italian luxury design and lifestyle brand renowned for distinctive architecture, interiors and premium design expression across global markets. “`

Schindler Launches ReStore and ReNew Modernization Packages for Aging Hydraulic Elevators in the U.S.

Schindler Launches ReStore and ReNew Modernization Packages for Aging Hydraulic Elevators in the U.S. Morristown, New Jersey, May 2026: Schindler Elevator Corporation has introduced two new modernization packages, Schindler ReStore and Schindler ReNew, aimed at upgrading aging hydraulic elevator systems across the United States. The launch comes at a time when many older buildings are looking for faster, more practical ways to improve elevator performance, safety, reliability and code compliance without opting for a complete elevator replacement. Both packages are pre-engineered solutions designed to reduce the time required from order placement to completed modernization. The focus is on helping building owners replace outdated elevator controls with modern microprocessor-based technology and updated components. Schindler ReStore is positioned as the entry modernization package. It includes a new Schindler controller with softstarter, standard hall fixtures and car station, hoistway and machine room wiring, digital connectivity and an optional door operator upgrade. Schindler ReNew builds on the ReStore package by adding a submersible power unit with a hush kit noise suppressor. This makes it a more comprehensive option for properties looking to improve both performance and passenger experience. According to Schindler, the packages are designed to help building owners take a more proactive approach to elevator modernization. Instead of waiting for repeated breakdowns, parts obsolescence or rising maintenance costs, owners can plan upgrades in a more controlled and cost-efficient manner. Joe Bera, Senior Vice President of Modernization Sales at Schindler Elevator Corporation, said the new solutions are intended to improve reliability, reduce unexpected costs and give customers better control over planning and budgeting. The company’s modernization work is already present across several major facilities and transit environments in the U.S., including Miami International Airport. With ReStore and ReNew, Schindler is strengthening its modernization portfolio for the hydraulic elevator segment, a category that continues to represent a large installed base in low- and mid-rise buildings across the American market. The move also reflects a broader industry trend: elevator companies are increasingly focusing on modernization as buildings seek safer, more connected and more efficient vertical transportation systems without replacing existing equipment entirely. Disclaimer: This article is published for informational and editorial purposes only. Views expressed may not reflect those of ISEE Papers. We do not guarantee accuracy or completeness. For full details, please read our complete disclaimer here: ISEE Papers Website Disclaimer

FY26 Pre-Sales Show India’s Listed Real Estate Developers Are Entering a Scale Phase

FY26 Pre-Sales Show India’s Listed Real Estate Developers Are Entering a Scale Phase FY26 has closed on a strong note for India’s listed real estate developers. Despite higher borrowing costs, global uncertainty and a cautious economic environment, the country’s residential real estate market has continued to show remarkable strength. The latest pre-sales numbers underline one clear trend: India’s organised real estate players are not merely surviving market cycles. They are scaling faster, consolidating demand and strengthening their position across key housing markets. According to data from ANAROCK Research & Advisory and RealtyNXT, Godrej Properties led the FY26 pre-sales leaderboard with ₹34,171 crore, followed by Prestige Estates at ₹30,024 crore. Lodha recorded ₹20,530 crore, DLF stood at ₹20,143 crore, while Sobha reported ₹8,135 crore. FY26 Pre-Sales Leaderboard Godrej Properties: ₹34,171 crore Prestige Estates: ₹30,024 crore Lodha: ₹20,530 crore DLF: ₹20,143 crore Sobha: ₹8,135 crore Source: ANAROCK Research & Advisory, RealtyNXT Godrej Properties topping the chart is a significant development. However, the larger story is not only about which developer ranked first. The real story lies in what these numbers say about the changing behaviour of the Indian homebuyer. Trust Is Becoming the Biggest Differentiator The Indian homebuyer is becoming more informed, more selective and more cautious about who they buy from. Location, carpet area and pricing still matter, but they are no longer the only deciding factors. Today, buyers are increasingly looking at the strength of the developer behind the project. They want a builder with a strong balance sheet, a clear delivery record, transparent approvals, regulatory discipline and the ability to complete projects on time. This shift is one of the biggest reasons listed and organised developers are pulling ahead. In the past, many buyers were willing to take chances with smaller or lesser-known developers if the price looked attractive. That behaviour is changing. After years of delayed projects, regulatory concerns and financial stress in the sector, buyers are placing a higher premium on credibility. A trusted brand is no longer just a marketing advantage. It has become a business advantage. Premium and Luxury Housing Continue to Drive Demand Another important signal from the FY26 numbers is the strength of demand in premium and luxury housing. Despite higher interest rates and affordability concerns in some segments, demand at the upper end of the residential market has remained strong. This reflects a broader change in urban India. Buyers with higher incomes are upgrading to larger homes, better locations, stronger amenities and more reliable developers. For many families, the home is no longer seen only as a necessity. It is also a lifestyle decision and a long-term asset. This has worked in favour of large listed developers, especially those with access to prime land parcels, established brands and the ability to launch high-value projects in major cities. The Organised Real Estate Gap Is Widening The gap between organised and unorganised developers is no longer a small difference. It is becoming structural. Large listed developers have several advantages. They have better access to capital, stronger execution systems, larger land pipelines, better governance and more confidence among buyers, lenders and institutional investors. This allows them to launch bigger projects, sell faster, raise capital more efficiently and expand across multiple cities. As a result, the Indian real estate market is gradually moving towards consolidation. Smaller developers may still remain relevant in local markets, but the strongest demand pools are increasingly moving towards branded players. Redevelopment and Land-Light Growth Are Changing the Game Beyond pre-sales, another major trend shaping the future of large developers is the shift towards redevelopment and land-light growth models. Instead of locking large amounts of capital upfront into land acquisition, many developers are exploring joint development agreements, society redevelopment and asset-light partnerships. These models allow faster scaling with lower capital intensity. Mumbai is one of the biggest examples of this opportunity. The city’s redevelopment market remains massive, and large developers with execution capability, financial strength and brand trust are well placed to benefit from it. Redevelopment is not just a real estate opportunity. It is also an urban transformation opportunity. Ageing buildings, limited land supply and rising demand for modern housing are creating a strong case for organised players to participate more aggressively in this space. Infrastructure Is Adding Further Momentum India’s residential real estate growth is also being supported by infrastructure development. Metro expansion, expressways, airport connectivity, business districts and urban renewal projects are opening new growth corridors across major cities. Better infrastructure improves accessibility, increases land value and creates new housing demand. For large developers, this means more opportunities to launch projects in emerging micro-markets. For buyers, it creates greater confidence in long-term value appreciation. When infrastructure growth combines with trusted developers and rising urban aspirations, the result is a stronger and more organised housing market. Institutional Capital Is Watching Closely The performance of listed developers is also important from an investor perspective. Strong pre-sales, disciplined execution and improved governance make the sector more attractive to institutional capital. Real estate has always been a capital-intensive business. Developers that can demonstrate consistent sales, strong cash flows and project delivery discipline are likely to attract more investor confidence. This could further strengthen the position of leading listed developers over the next few years. The Bigger Question: Who Will Lead FY30? FY26 has given the industry a clear leaderboard. But the bigger question is not only who sold the most this year. The bigger question is who is building the strongest platform for the next five years. The developers that can combine land access, execution speed, financial discipline, redevelopment capability and buyer trust will be best positioned to dominate FY30 and beyond. Godrej Properties has made a strong statement with its FY26 performance. Prestige Estates continues to show scale. Lodha and DLF remain powerful names in premium markets. Sobha continues to stand for quality and delivery in a highly competitive space. But the next phase of Indian real estate will not be won by sales numbers alone. It will be won by