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Feed: Vascon Engineers Ltd - AggScore: 16.0



Paper-Thin Architecture Captures


Photographically manipulated architecture may have been done before, but photo series such as Urban Forms set themselves apart by portraying important, social messages. In this case, the Urban Forms photo series explores the idea that these buildings are “symbols of vanity and fragility,” as put by the artist and photographer.
Shot by Xavier Delory, who is based in Bruxelles, Belgium, the Urban Forms photo series follows this particular theme by depicting buildings as paper-thin versions of themselves. Visually stunning, it is nevertheless not just about the looks. A thought-provoking project, Urban Forms is a critique on contemporary architecture in which modern interiors have taken over older buildings “without a link to the original architecture,” says Delory.

Source: http://www.trendhunter.com/trends/urban-forms
Date Published: May 14, 2012 - 1:27 am



Building Dreams - R. Vasudevan



Mr. Vasudevan’s exclusive interview has been featured in the ‘News’ Section of InfraWindow.com – India’s first Daily News Portal dedicated to the Construction and Infrastructure business.

Here is the log of the article. You can read the article by clicking here

With over 22 years in the business and 100 completed projects in his kitty, R. Vasudevan, the visionary behind the successful EPC and real estate company Vascon Engineers Limited, is the apple of the eye in the construction industry. In an exclusive interview with Debajyoti Samal, he speaks about his business, future plans, the current real estate scenario, rising interest rate, his life and his love for golf.

What are the major projects that are being carried out by Vascon Engineers and what is the total area under development?
On the residential front, Vascon has ongoing projects of around 2.3 million sqft and upcoming projects of around 4 million sqft, to be launched in the next one year. Last year, we had achieved a target of about 7-8 million sqft of EPC development and this year, the company has targeted the same number, despite the slowdown. Currently, Vascon Engineers is working on two major projects in Pune. One is Forest County, a residential project at Kharadi in Pune with 2, 3 and 4 BHK apartments of 1,000 and 2,000 sqft each and the other one is Windmere Duplex and Windmere Apartments at Koregaon Park in Pune with 3,000, 4,000 and 8,000 sq. ft. apartments. The company is also planning to start Vista - Phase III at Nashik, with an area of 100,000 sq ft.  The company is also working on commercial projects such as Ruby Mills in Mumbai, V-Tech IT/Commercial Park in Nashik, Neelkanth Palacia in Mumbai and Legislative Assembly Complex in Chennai. Upcoming projects of the company include the Chennai Project of 1,573,570 sqft and Panache Heights of 584,850 sqft in Hyderabad.          
Vascon Engineers is responsible for a number of landmark projects in the city of Pune. Why is the 8th largest city in India so attractive for both commercial and private real estate customers?
Reason for this is the fact that Pune’s growth is driven by various sectors. Sectors like auto, auto auxiliary, IT and ITES have made their mark and played a major role in boosting the infrastructure development at every nook and corner of the city. Moreover, Pune has a number of educational institutions, which are best in the country and are definite crowd-pullers. The pleasant climatic condition of Pune and the close proximity to Mumbai, the financial capital of India, are two vital factors that make Pune the most preferred choice for both commercial and private real estate customers. While there are so many plus factors, there are some drawbacks also. Improvement in connectivity is needed, as the public transport system in Pune is in bad shape. Considering the fact that Pune has a number of MNCs, there is an urgent need for an international airport, within the vicinity of the city.
In the long-run, what kind of potential for urban development do you see in the growing metropolitan regions like Pune?
In terms of growth, Tier-II cities are way ahead of metros. Look at Navi Mumbai and Panvel, and even Pune, the way these satellite towns have been developed and at the fanatical pace they are growing, are the best examples of urban development. The huge land bank of these cities helps urban planners to work on the modalities easily and also reduces the pressure on land.
In one of the interviews you had mentioned that you have made a mark in construction of green buildings. Could you please tell us what are the green building projects you are working on currently?
One Earth, the new corporate headquarters that we have built for Suzlon Energy Limited has been awarded the highest level of LEED Certification – Platinum (from LEED India). At Vascon Engineers, we have always been inspired by a single vision – to make our world a greener, happier and abundant place. Building the greenest building in the world is merely another expression of that resolve. It is our way of committing to a future without harmful emissions, of reducing our carbon footprint, of creating a sustainable, profitable alternative, and of giving Pune a reason to walk tall. Some of our projects are recipients of Five Star rating, and awarded 96 out of 100 points from GRIHA.
It has been a year now that Vascon has taken over GMP Technical Solutions. Do you believe that this union has garnered any positive result so far? If so, how would you rate this success and can you also tell us how it will help the realty sector?
Vascon successfully took over GMP Technical Solution with a cash outflow of Rs 62.63 crore. I believe the union became extremely successful so far. GMP Technical solution is a company engaged in the manufacturing of modular clean room partitions and office partitions, apart from offering HVAC, electrical and building management solutions. Any union of this kind sets both long term and short term goals. In terms of achieving short term goals, it has been a valuable deal as we are using the services of GMP Technical Solution in all our construction activities in some form or the other. We also set long term targets, in terms of growth, wider productivity, operating speed etc. We have been strengthened by the technical and intellectual resources of a young company. I can rate 50% success for Vascon Engineers and 50% for GMP, so far.
Vascon Engineers is designing and constructing HDIL’s commercial complex in Kurla (Mumbai), which you intended to complete in 18 months. Did you meet the deadline?
No, the deadline of this project has not yet been met.
Why is the delay? Could you tell us the reason? Is the new deadline set?
The delay was due to some last minute design changes. Although, we were almost at the verge of meeting the deadline, the client insisted a change at the very last moment. No, not yet. But the project will be completed without any hitch now.
Could you elaborate impact of rising interest rates on the realty industry?
Yes, the rising interest rates are badly affecting the industry, especially, the EPC and the real estate segment. The buyers as well as the developers and builders are equally affected by the rising rates. For example, two years ago, the price which a buyer had to pay for a 1 or 2 BHK apartment has now been increased 10 to 20% and is now beyond the reach of the potential buyer in this segment. The escalation in property prices and interest rates in the last two years has brought the realty sector to a grinding halt. Neither the demand has decreased nor the supply. In fact, the soaring migration of people in big cities is taking the urban realty market by storm. But the rising interest rate has dampened the spirit of the potential buyers, who are now reluctant to buy property. As a result, the developers or builders have hit a roadblock. As far as reduction of prices by builders and developers are concerned, the builder is bound to stick to higher price, unless the government hikes the Floor Space Index (FSI). However, the state government's recent decision to hike the FSI by 0.33 in the suburbs is a welcome move.
So who do you think is responsible for this escalation?
No one. In my opinion, it's just a matter of time. I hope the interest rate will go down to its usual level. Government measures should be implemented to bring the rates down. In the interest of the industry, long term approach should be adopted.
Talking about Mumbai, where some of your bigger projects are being developed, the changing social fabric and the widening gap between the rich and poor has pushed the city to the back seat. As a developer, don’t you feel the poor and the middle class has the right to get their space under the urban skyline? Do you agree that it’s high time Mumbai needs an integrated plan for bridging this gap? Your views.
I have spent more than 25 years in Mumbai. In all these years, I spent a lot of time commuting to and fro, from my office. Lately, I have realized that the majority of Mumbaikars are forced to live in suburbs due to skyrocketing property price and are forced to spend a lot of their time, mapping long distances between their home and workplaces. Thus, the gruesome commuting affects their productivity.
Yes, I agree there is a wide gap between the rich and the poor. The government needs to think over this disparity. In order to get better infrastructure and better standard of living for the people, the government should encourage redevelopment or rehabilitation projects, which should have a clean and corruption-free approach. Land cost should also be reduced to make way for the construction of affordable housing. 
Do you also have plans to develop affordable housing schemes in Pune?
Building affordable housing depends upon how FSI has been fixed.
More and more developers nowadays are influenced by foreign architects and their designs. Do you think it’s worth hiring foreign architects for Indian projects? Do you favour such obsessive attitudes?
The knowledge must spread. We do not mind taking inputs on something which we never experienced. There is nothing wrong in sharing knowledge, thoughts, ideas and exploring new architectural elements while constructing a building. But in the hindsight, there are drawbacks also. Although, the designs the foreign architects make attract eye-balls, it is not always at par with the Indian climate and living conditions. For example, the glass façade they use extensively on most of the building construction in Dubai is mostly irrelevant in Indian living conditions.

His Persona
altWhat’s your favourite hobby? If we are not mistaken you play a lot of Golf.
Mr. Vasudevan:
As I have said earlier, when I was in Mumbai, I spent most of my time travelling to my workplace. I had little time to do any recreational activity. But here, in Pune, the situation is different. Now I have more spare time to follow my fitness regime. Yes, I do play Golf, and spend at least two hours every day for fitness activities.   
You are a successful industry person… Is there anything that you miss in life?
Time. I have devoted a lot of quality time to my work. I miss time when it comes to giving it to my personal space.  
What is the most important thing that changed your life?
Venturing into business from general office work was the biggest life changer for me.
What is your most cherished possession?
The company I formed is the most cherished possession in my life. It has grown from one to 800 people. This gives me immense satisfaction. 
What skill do you think every man should have?
Compassion and care are two things that a man should give unconditionally to people. Be it an employee or client, you need to make all of them happy.
How much of a perfectionist are you?
I am passionate about my work. I love my work and on the basis of that if you call me a perfectionist, then I am a perfectionist indeed. 
Are you a tough boss?
Considering my last two answers, I would say I am a tough boss in this regard (laugh).
Three things you can’t live without.
Family, friends and loved ones.
Not any material thing? Like your Blackberry.
(Laugh) For me material things are irrelevant.
The entrepreneur, who has inspired you the most.
I don’t have a role model as such. But to be successful one needs to have an eye for detail and has to be a good PR or HR person. That makes one a good entrepreneur.

Date Published: Feb 01, 2012 - 12:35 pm



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This green project offers two and three BHK apartments, spacious Row Houses and Villas comprising of 1215 to 4400 Sq ft area; something that many builders in Pune do not offer usually.

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Date Published: Jan 09, 2012 - 1:37 am


25 Glorious Years of Vascon Engineers



Vascon is acquiring new heights with each passing day effortlessly. This 25 years’ journey has been très interesting, if not easy. Let us take an overview about our much-talked Tivoli project, all the coveted awards and other lots more interesting facts in this.

Established in 1968, Vascon has a come long way since. It won’t be an exaggeration to say that we have conquered every real estate sector ranging from residential to hospitality. Though we have received tremendous success in every real estate sector, and though have been applauded time and again for being one of the best top real estate developers in Pune; we have not forgotten our professional ethics and values. Thanks to which we have gained the popularity and awards that till date. At Vascon we still practice our tagline, “Development with Conscience” in each and every project. Talking about our projects; Vascon has a varied number of ongoing projects currently in each sector.

Ongoing Projects
As earlier stated, Vascon influences almost each sector of the real estate industry. Vascon is not only one of the best top ten builders in Pune, it is also a trend-setter. Whichever flats in Pune that Vascon has constructed have some or the other special feature. Like for example, it’s ‘ForestCounty’ township is a well-known eco-friendly project. Currently the project which is making news is our Tivoli Township in Nagpur. Tivoli is an epitome of luxury and style. Set amidst carefully designed green landscape, Tivoli offers every facility one could ask for. It is a perfect blend of technology and comfort. Recreational amenities like club house, home theatre, pool table, gymnasium, swimming pool and so on are provided by Tivoli. The awareness about overall nature is seen in this project too. We have provided facilities like rain water harvesting, solar water heater and garbage chute with treatment plant etc. for maintaining a balance between luxury and nature. Besides Tivoli, Vascon is also working on many other residential projects like Altimo, Xotech, Tulips, North Town for Unitech and Arihant Vista in various parts of India.

In the commercial sector, Vascon is working on Ruby Mills (Highrise), Commercial Building for Apex Computers, Nucleus, Legislative Assembly Complex and so on in major metros of the country. Vascon, Weikfield IT Citi InfoPark, V Tech I.T. Park, Neelkanth IT Park and Phoenix are the major I. T. projects that we are working on currently.

Achievements Appreciation
Vascon’s glory is not hidden from the real estate industry. We have been awarded a number of awards in 2011 for our outstanding performance in the area of properties in Pune. Recently it was awarded with “BAIUniversal Award” (WBSC 2011 Pune) for residential project ALTIMO, Altamount Road Mumbai in the well Mechanized Project category, “Zee Business-RICS Real Estate Award 2011” for our residential project ZIRCON in Best Residential project - West category, “Asia's Best Employer Brand Award” from Employer Branding Institute on Managing Health at Work category etc. Besides the above mentioned awards, there are many more and we believe there are many more yet to come, as Vascon will strive to keep up the high quality work in the coming years too.

Though we are active in a very competitive and busy industry, we have not forgotten our roots. Vascon Moorthy Foundation has taken various social initiatives in the past like AIDS awareness programs, street plays for making people aware of the ill-effects of various addictions, immunization camps, enrolling children of migrant construction workers in schools, scholarship loans and so on.

We believe that the overall development of our society is our responsibility. We are thankful to our clients, followers and investors for having trust in us and giving us numerous opportunities to prove ourselves. Thanks to your support, Vascon will keep taking its share in the society’s development in the coming years also. 
Date Published: Jan 04, 2012 - 3:12 am


Vascon Engineers win the "Tower Project of the Year" award by Construction Week.


Vascon Engineers win the "Tower Project of the Year"2011  award by Construction Week.
Date Published: Dec 29, 2011 - 11:23 pm


Vascon Engineers Recieve the BAI Award


Vascon Engineers have Recieved "Builder's Association of India" Universal Award for the Project ALTIMO, Mumbai in category "Well Mechanized Project".


Date Published: Dec 29, 2011 - 1:11 am


India’s Most Admired Companies



India’s Most Admired Companies (as per Construction & Architecture) are:

§  AFCONS Infrastructure (Shapoorji Pallonji Group)
§  RPP Infra Projects
§  Vascon Engineers
§  RNA Corp.
§  Lokhandwala Infrastructure
§  Jaycee Homes
§  Sanghvi Group of Companies
§  Puranik Builders
Date Published: Dec 03, 2011 - 11:56 pm


Vascon Engineers among the Rated India's most admired company


In a recent publication of Construction and Architecture Weekly, the publication rated Vascon amoung the most admired companies in India. Here is an abstract from the article.

"Specialist in Innovative Project Design
R. Vasudevan - MD Vascon Engineers.
Vascon Engineers, a well-reckoned name in the real-estate business is famous for its efficient engineering practices and for various landmark developments in the country, under the focused leadership of R. Vasudevan, Managing Director, Vascon Engineers.

Vascon Engineers is an EPC and Real Estate Company having more than 25 years of experience in conceiving, developing, constructing and managing varied projects. It is active in multiple sectors including residential, industrial, IT parks, malls and multiplexes, hospitality and community. Since its inception in 1986, Vascon Engineers has remained committed in applying the art of value based aesthetics into the Science of construction through efficient engineering. The Vascon team consists of engineers who are backed up by highly qualified specialists from various fields of management, right from planning and procurement to testing.
Specialist of innovative project development and execution, every Vascon professional follows well-documented system and procedure. The company's EPC operations are spread across India, providing high quality and timely delivery of innovative projects in diverse areas like pharma, hospitals, construction of factories, educational institutions, construction of government buildings, MES, construction of hospitality buildings and so on. The real estate projects leverage Vascon's EPC expertise and operates on a cost-efficient development model through Joint Ventures (Ns) and Joint Development Agreements (JDAs).. The company has a Pan India presence in developing Real Estate Projects. Vascon Engineers have also partnered with renowned hospitality brands to operate the hotel properties. Mr. R. Vasudevan, Managing Director, founded the EPC business in 1986 and diversified it into Real Estate and Hospitality sector. Recipient of various prestigious awards for excellence in EPC and Real Estate, Mr. Vasudevan holds a first class Bachelor's degree in Civil Engineering from Pune University, and has completed his Owner / President Management Program from Harvard Business School. He has been awarded the 'Top Management Consortium Award of Excellence’ for the year 2005 and the 'Construction World - Top Builder Award’ in 2007. He has over 35 years of experience in the Construction Industry.

Mr. Vasudevan started his career with Maharashtra Industrial Development Corporation as a Junior Engineer and since has worked in various organizations which include HCC Limited, Atul Constructions Company Limited, Beck Engineer Company Private Limited and Cipla Limited. He is responsible for the over-all management of the Company.

Projects: (completed, in development, upcoming in residential, commercial, retail and townships)" 



Date Published: Dec 03, 2011 - 11:42 pm


Vascon Infrastructure and Raisoni Group Launch Tivoli



Vascon Infrastructure and Raisoni Group Launch Tivoli, a high end Project which brings style & royalty in living to Nagpur.

Tivoli is centrally located at Sadar on Mangalwari Bazar Road. This elegant property offers elite 4BHK Apartments & penthouses areas ranging around 4500sq.ft onwards on a single level.

Vascon has included several solicitous   facilities ‘Luxury along with security ‘ being given the top most priority with CCTV monitoring system for common areas and luxuries like club house, gymnasium, swimming pool , squash Court , home theater and a pool table, piped line in kitchen, rain water harvesting , solar water heater and garbage chute with treatment  plant and fire fighting system.

Vascon Infrastructure Ltd. Is a highly respected project management solutions company headquarter in Pune offering a highly diversified range of services which include land acquisition, property investment, project management, property leasing & purchase, project marketing etc.

For details contact Deepti Kiran, Vascon Engineers Limited, Pune, Ph. 9922018221 or Nivedita Pendharkar , Shells advertising Inc.Nagpur, Ph. 9422805595.


Date Published: Nov 09, 2011 - 5:07 am


VASCON ENGINEERS—ONE OF THE TOP TEN BUILDERS IN PUNE


The legacy of 25 years that symbolise success and glory can be attributed to Vascon’s temerity towards excellence in construction domain. With wider industry recognition and prestige Vascon has created a self portray that depicts perfection for better living. Being among the top ten builders in Pune, Vascon with its solidarity and innovation has been leading the industry with a nation wide recognition.

As the infrastructure and development story started in Pune, it took no time to catch the wild fire among the top builders in Pune to fabricate the city with many iconic projects both in residential and commercial segment. Some of the most lucrative areas like Baner, Koregaon Park, Viman Nagar, Kalyani Nagar are seeing some high rises that reflects the vying competitors to bring more and more premium projects.
The external migration for better career prospect and higher studies are pushing further the demand for luxurious apartments and flats. The commercial sectors especially the IT industry inspired many IT parks like Magarpatta City, Eon IT Park, Hinjewadi IT Park reflects the glimpses of strong growth in commercial real estate sector. With the retail segment opening up many entertainment avenues, shopping malls, multiplexes, eateries and other recreational destinations this sector is also contributing to the overall real estate euphoria.

Being one of the top ten builders in Pune, Vascon has demonstrated some of the world class eco-projects which earned it laurels form wider audience. Number of awards have already been conferred to Vascon for taking initiatives and implementing the green building concept to many of its premium projects.

The setting up of many international IT and financial MNCs’s offices in Pune open up a plethora of opportunities for top builders in Pune. Many state sponsored plans are at the back of supporting the initiatives taken by many renowned builders in Pune. Recently with the growth of the city the top builders in Pune must strategise some sustainable growth structure which can fuel a robust growth for the overall city infrastructure and can provide a blueprint for roadmap of development for the oneness of community.

Date Published: Oct 31, 2011 - 12:40 am


The Roadmap of Pune Real Estate Development


The renaissance of real estate development in Pune can be attributed to many facts. The industrial revolution coupled with the emergence of IT sector and intellectual migration for pursuing higher education has fuelled a paradigm shift in portraying the image that was once known for its defence base and Pensioners’ Paradise. Top property developers in Pune could feel the pulse of this new wind that was blowing with an air of development and propel the real estate industry to invite a new dawn that promises better living and spells prosperity.

Every industry requires manpower and manpower needs accommodation. The inhabited cluster of people will expect retail shopping centre along with entertainment avenues. Thus the overall real estate industry grows. With the advent of IT industry the demand for housing development sector received an aggravated momentum with the constant support of top developers in Pune. This also acted as a high octane fuel for the commercial real estate with the construction of Hinjewadi IT Park, Magarpatta and Eon IT Park.

The employment migration further boosted this self-perpetual development. With attractive pay packages, life styles of the young migrants have changed. People are now looking for luxury and premium properties at prime locations like Koregaon Park, Viman Nagar, Kalyani Nagar, Baner and so on. Top developers in Pune are grabbing this opportunity to showcase many of their iconic projects both in residential and commercial segment. Prosperity cannot be confined to a particular locality—it immediately impacts its surrounding area. The same is true with Pune’s real estate growth story. 

Intellectual capital needs a warehouse to nurture and upgrade its knowledge and skills and Pune being the Oxford of the East can provide necessary infrastructure in terms of reputed educational institutes for technical and management studies. This has opened up the doors to external migrants while preserving its talent pool. Because of this intellectual influx the demand for temporary abode i.e. rentals witnessed a multi-fold growth fuelling the real estate band wagon to move further. 

The overall market sentiment is positive and now it’s time top developers in Pune really needed to shoulder with each other to take this growth to the next quantum level.

Date Published: Oct 19, 2011 - 3:17 am


Koregaon Park—An Emerging Hot Spot For Top Real Estate Developers in Pune


Cosmopolitan cultural confluence, strategic location, centre of attraction for tourists, numerous avenues for entertainment make Koregaon Park the most sought after hot spot among the top real estate developers in Pune to showcase their well crafted projects both in residential and commercial real estate segment. Vascon –one of the top real estate players in Pune has already launched many projects both in residential and commercial segment in Koregaon Park.
 
Koregaon Park—a posh location in Pune has been witnessing increased buoyancy in construction segment for residential, commercial and retail real estate. Many top real estate developers in Pune are vying for occupying the best location in this area for respective projects. Vascon has already successfully launched many of its iconic projects like ‘Orchids’, ‘Woods’, ‘Rivernest’ in Koregaon Park.
 
With a robust economy in place the employment opportunities are heading northwards making it essential for companies to open up new office space and this can further boost the commercial real estate in Pune. Reports reveal that the total absorption of office space in Pune last year (2010) was approximately 2.5 million square feet which has ignited the commercial space development with a new spark. This can be attributed to the reason of Koregaon Park being brimming with new commercial spaces.
 
With the stabilization of rentals top real estate developers in Pune are now aiming to go on a space occupying spree for undertaking many projects. A number of retail developments are already lined up for completion by 2011. Koregaon Park is essentially an area every builder will love to decorate with their engineering expertise for its strategic location within the city. This will further boost up confidence among international brands like Zara, Blue O and Spar to open up a new line of fashion and entertainment avenues in Pune.
 
The prevalent market sentiment is positive and Pune’s office market is expected to experience a significant growth in the next two years. It is time for top real estate developers in Pune like Vascon to support this growth story with sustainability and affordability.
 
Date Published: Oct 17, 2011 - 1:02 am


Vascon Engineers—Emerging Top Builder in Pune





After spending more than two decades in the construction domain Vascon Engineers has created a niche for the entire real estate segment in Pune and rest of the country. The last 25 years of construction demonstrates Vascon’s expertise in terms of quality, affordability, timely execution and effective cost management that places it at the zenith of top builders in Pune.
In today’s competitive market where options are available more than requirement, it is imperative for any business enterprise to make and maintain a separate identity that spells trust and quality. During the last 25 years of transforming many dreams into reality, Vascon, today has reached at a stage where the name itself fosters customer confidence and trust. Despite cut-throat industry competition Vascon engineers has been able to evolve as a lodestar among the top builders in Pune by delivering projects that surpass existing trends and creates its own aura.

It takes a lot of courage and business acumen to set trends in the industry and Vascon has rightly amalgamated the same with its meticulous project planning, seamless fund management and flawless project execution. Makers of many iconic projects in residential, commercial, hospitality segment Vascon has manifested its true repertoire and versatility in the construction field, thus proclaiming its status among the top builders in Pune.

One of the reasons why Vascon remained the preferred choice of customers over two decades is its innovative designs and adherence to all environmental regulations. Its initiative in Green Building concept and implementation of the same in number of projects truly reflects their dedication and commitment towards environmental awareness. Being the top builders in Pune, Vascon has epitomized time and again the idea of shaping the perfect more perfect.

Another criteria which made Vascon the market leader, is the quality of its projects. The intrinsic parameter of any Vascon project is its co-habitation with nature. It designs its projects keeping in mind the necessary interface with nature that gives you a feeling of completeness and a refreshing air all around you. Vascon has crafted many award winning projects during the last two decades which earned a nation wide reputation as the top builder in Pune.
Date Published: Oct 12, 2011 - 4:07 am


Construction Ethics






"We don't just construct; we engineer success."
"We don't just build the future; we perfect it."
Date Published: Oct 05, 2011 - 3:53 am


 
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