{"id":24822,"date":"2013-10-03T10:50:27","date_gmt":"2013-10-03T05:20:27","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=24822"},"modified":"2020-06-15T03:37:24","modified_gmt":"2020-06-14T22:07:24","slug":"24822-otis-group-ventures-into-indian-real-estate","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/24822-otis-group-ventures-into-indian-real-estate\/","title":{"rendered":"Otis Group Ventures into Indian Real Estate"},"content":{"rendered":"

\"otis\"One of the leading manufacturers of elevators, the OTIS group is expanding its verticals by venturing into Indian real estate<\/a>. Despite of the economic backset, the company firmly believes in the fact that the construction industry of India will become the next big thing to bet on. The rate at which Indian real estate is growing; it seems that prominent countries will be pushed to the second place. If India happens to sustain this growth rate then for the next 30 years a new Chicago will be created each year. Foreseeing such great prospects, OTIS is setting foot into the Indian real estate industry by providing infrastructure for development.OTIS has already bonded with India centuries ago with its ventures in Kolkata. Now it will be doubling the manufacturing capacity of its Bangalore plant from 5,000 to 10,000 and is also setting up a second manufacturing plant in India. The plans are under pipeline since OTIS is yet to decide on the location for setting up the second plant.At present the Bangalore plant caters to the Indian needs but will soon become a global hub for manufacturing and exports. Almost 70% of the elevators manufactured are from the base plant in China. The country tops the list of elevator consumption as well with India in the second position. Demand for real estate is North America has reached saturation whereas Indian realty has come under the spotlight. OTIS will be venturing into Indian real estate with the launch of the Hyderabad and Delhi Metro rail projects<\/a>. OTIS has received orders for the delivery of 222 escalators for Delhi Metro\u2019s phase III development. Hyderabad Metro development will kick off with OTIS delivering 670 escalators and elevators for the project.Thus the OTIS group will be venturing into the Indian real estate by associating itself with the development of infrastructure.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the leading manufacturers of elevators, the OTIS group is expanding its verticals by venturing into Indian real estate. Despite of the economic backset, the company firmly believes in the fact that the construction industry of India will become the next big thing to bet on. 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