International consultancy and construction company, Mace, and India’s leading real estate services company, ANAROCK Group, have announced a collaboration to bring unique real estate services to immediately benefit the Indian market.
The two companies have signed an MoU to provide a new and integrated project management service to Indian developers, helping to deliver real estate projects and vital infrastructure.
This collaboration will bring about a quantum change in how Indian real estate is designed, constructed and operated, particularly during and post COVID-19 when technology will become instrumental. Focusing on innovation in management and construction, Mace has delivered some of the world’s major programmes and projects such as the London 2012 Olympic Games and the 2019 Pan American and Parapan Games in Lima.
ANAROCK, which has completed exclusive sales mandates for over 400 Indian residential projects, is coordinating with the country’s leading developers to give them a decisive edge by using these services.
Through the Mace-ANAROCK collaboration, the objective is to leverage technology such as virtual reality (VR), apps, and offsite technology and design for manufacture and assembly that can be used to improve safety and expedite construction timelines. By using data analytics, modern methods of construction and digital tools, Mace-ANAROCK will focus on innovative project delivery to upskill the workforce and train people for jobs of the future.
According to a joint press statement released by the two firms, the collaboration will focus on expert consultancy services for construction and project delivery across sectors including mixed-use office and retail developments, residential projects including student accommodation and industrial and manufacturing plants.
Anuj Puri, Chairman, ANAROCK Group said, “We are timing this collaboration for Indian real estate’s post-coronavirus reboot when the Indian construction sector will need tech-driven, cost-optimised solutions in the post-COVID-19 revival phase. We will be offering these solutions to real estate developers and government agencies focused on infrastructure deployment.”
Davendra Dabasia, International Managing Director, Mace added, “In a time of prolonged uncertainty, we aim to transform project delivery with an innovative approach to management and construction, helping our clients to accurately design, plan and deliver real estate assets. By collaborating with the leading real estate advisor on the Indian market, we are covering every stage of project delivery, integrating the full lifecycle of an asset with our combined expertise.”
In India, Mace has helped deliver residential schemes such as The Crest in Gurgaon, and major mixed-use developments such as My Pad in Lucknow, that have transformed their local areas into thriving communities. They were also instrumental in helping create the terminal of the Chhatrapati Shivaji Maharaj International Airport in Mumbai.
Mace has implemented the use of digital tools and safety processes in India, which has had a significant impact on improving the safety standards of not only all the project sites it operates on but also across the industry.
ANAROCK will use its local service experience in real estate, including residential and strategic advisory, land services and investment management to strengthen the partnership. ANAROCK has already signed up major names like Godrej Properties, Tata Housing and Shapoorji Pallonji for these consultancy-based services.
From investment and project management to construction delivery and fit-out, the Mace-ANAROCK collaboration will combine global best practices in construction and project management with local expertise to cover the whole delivery cycle for real estate assets.