Max Estates Launches First-of-Its-Kind Intergenerational Project in Gurgaon

Key Takeaways from the Launch

• Max Estates Limited has launched Estate 360, an intergenerational residential community in Gurgaon.
• Antara Senior Living will manage the senior living residences within this community.
• The project has received over INR 1,100 crore in pre-sale bookings for senior living spaces.
• Antara has the potential to earn around INR 140 crore in revenue from this project.
• The senior residences will feature amenities designed specifically for seniors, promoting safety and comfort.

Antara will manage the senior living residences within the community, establishing itself as a pioneer in creating a comprehensive care ecosystem for seniors. Overall, it has the potential to rack up revenues of up to approximately INR 140 crores through the course of its lifecycle.

Estate 360 hosts six residences—two of which are exclusively dedicated to senior living. Max Estates Ltd. has announced that the senior living spaces attracted good interest since they secured almost INR 1,100 crore in pre-sale bookings from the total project sale of INR 4,100 crores. In light of this response, Max Estates has revised the gross development value of Estate 360 nearly to the tune of INR 4,800 crores and expects this figure to be booked in the financial year 2025. They have speculated that the pre-sales for the senior living residences may be close to INR 1,500 crores in the financial year 2025.

Antara will be in charge of the senior living residences and common spaces, which will deliver requisite medical services under their management agreement with Max Estates. All residences will include senior-friendly features, including panic alarm buttons, anti-skid tiles, glare-free lighting, and wide doorways and corridors, making it safe and convenient to live in. These spaces will also give seniors primary medical care, emergency response backup, and recreational programs that will keep them physically and mentally active. 

Estate 360 boasts additional amenities designed to promote wellness and an active lifestyle, including a golf putting area, an outdoor gym, and a sports block featuring both indoor and outdoor sports facilities. The landscaped areas are meant to enhance the residents' well-being. The Antara Club, a dedicated space for seniors within Estate 360, offers a variety of facilities, such as all-day dining with personalized and nutritious meals, along with wellness zone to encourage healthy living. All amenities have been carefully designed in alignment with Antara's wellness principles.

Commenting on the launch Rajit Mehta, MD and CEO, Antara Senior Living, said, “Through an understanding of the generational needs of all, Estate 360, imagined and developed by Max Estates, where senior living is managed by Antara, offers a vibrant ecosystem that honours the interests of adults, families with children, and seniors. Our existing senior living residential communities include a thriving operational community in Dehradun and a soon-to-be operational community in Noida. The company is also exploring more opportunities in the second phase of development in Gurgaon, and in new geographies to realize its commitment to develop 1.5 million square feet every year for the next 4-5 years.", 

About Antara

Founded in 2013, Antara is the senior-care division of the well-established Max Group, which has been operating for 40 years. Antara offers a comprehensive ecosystem for senior care, focusing on two primary areas: residences for seniors and assisted care services. The first senior residential community in Dehradun accommodates nearly 200 families, addressing their social, recreational, wellness, and healthcare needs. In 2024, Antara will launch a second community in Noida’s Sector 150, featuring 340 apartments in its first phase.

Additionally, Antara AGEasy is an online and offline store that offers products and solutions specifically designed for seniors to help manage chronic health conditions.

About Max India Limited 

Max India Limited was established in June 2020 following the merger of Max India's healthcare assets into Max Healthcare. At that time, Max India demerged its senior care and related businesses into a new wholly owned subsidiary called Advaita Allied Health Services Limited, which was later renamed Max India Limited. Max India serves as the holding company for the Max Group’s senior business, Antara, which provides comprehensive solutions for senior care. The company operates through two main areas: Antara Senior Living, offering independent living residences for seniors, and Assisted Care Services, which include Care Homes, Care at Home services, MedCare products, and AGEasy, expert-assisted solutions for managing chronic conditions.

Key Takeaways from Paras Defence and Space Technologies Order Win:

• Controp-Paras Technologies has received an order from Larsen & Toubro.
• The order is part of a larger contract valued at approximately Rs 305 Crores (including taxes).
• The contract involves the manufacturing and supply of 244 units of the Sight – 25HD Electro-Optics System, along with extended warranty and Integrated Logistics Support (ILS) for the Close-In Weapon System (CIWS) program.
• Both contracts are domestic orders, with the execution timeline for the L&T contract set for within 47 months.

The order involves the manufacturing and supply of 244 units of the Sight – 25HD Electro-Optics System, along with extended warranty and Integrated Logistics Support (ILS) for their Close-In Weapon System (CIWS) program.

Additionally, the order for the Indian Content (IC) of this project is valued at around Rs 293 Crores (plus taxes). Both the contracts are classified as domestic orders, and the execution timeline for the L&T contract is set for within 47 months. 

About Paras Defence and Space Technologies Limited:

Paras Defence & Space Technologies provides a diverse range of products and solutions tailored for defence and space applications. The company operates through two main divisions: Optics & Optronic Systems and Defence Engineering, which includes Defence Electronics, EMP Protection Solutions, and Heavy Engineering. With over 40 years of consistent growth in Defence and Space Engineering, Paras Defence is engaged in various technologies such as rockets, missiles, naval systems, electronic warfare, and surveillance, as well as electromagnetic shielding. Through its subsidiaries, the company also explores advancements in drones, RF and microwave technologies, anti-drone systems, EO/IR systems for avionics, and quantum communication.

The company boasts a modern manufacturing facility and a workforce of over 600, enabling it to provide turnkey solutions from design to commissioning for both small and large systems. By emphasising technology development and research, Paras Defence positions itself as a genuine IDDM (Indigenously Designed, Developed, and Manufactured) entity within the Indian defence sector. The firm's strategy focuses on delivering quality products promptly and competitively, fostering a reputation as a reliable partner. With strong principles, ethical business practices, and a customer-centric approach, Paras Defence aims to become a leading player in the Indian defence and space industries.

About Larsen and Toubro Limited:

Larsen & Toubro is an Indian multinational company involved in EPC projects, high-tech manufacturing, and services, operating in over 50 countries worldwide. With a strong focus on customer satisfaction and a commitment to quality, L&T has maintained leadership in its core business sectors for more than eight decades. The company is engaged in high-impact areas of the economy, offering integrated capabilities that cover the entire process from design to delivery. L&T is characterised by professionalism and high corporate governance standards, with sustainability integrated into its long-term growth strategy. Its manufacturing presence spans eight countries beyond India, supported by numerous international offices and a global supply chain.

Key Takeaways from the Announcement

• L&T DES has secured a significant mandate for implementing energy management systems in South India, enhancing grid management capabilities.
• The firm is expanding its footprint in the U.S. with upgrades to complex transmission control rooms, showcasing its commitment to modernising energy management.
• Advanced systems are being employed in both India and the U.S. to effectively integrate renewable energy sources, enhancing grid reliability.
• L&T DES continues to lead in innovative energy solutions, engaging in major projects that aim to reshape the energy landscape in California and beyond.

L&T DES is working on a project for energy management systems at the regional and state load dispatch centres in Andhra Pradesh, Kerala, Puducherry, Tamil Nadu, and Telangana. The assignment encompasses twelve control room installations with a focus on seamless integration, ensuring that the existing operations continue without any interruptions. This will be power-efficient real-time supervision and control of energy flow across the electricity transmission network to ensure secure and reliable grid operation with the L&T-Spark-CRIM™ (Control Room Integration Middleware) platform.

Additionally, in the United States, the L&T DES team will upgrade power and transmission control rooms with more than 15 EMS hosts configuration. This initiative is intended to improve situational awareness for operators, eventually improving reliability on the grid. In conjunction with it, L&T is putting forth modern grid projects throughout India, integrating 270  extra high voltage (EHV) transmission substations in Regional and National Transmission Asset Management Centers.

The team is also actively engaged in renewable energy integration, implementing the L&T-Spark-HECSTM (Hybrid Energy Management and Control System) for a solar plant in Bihar, which has a capacity of 185 MW combined with a 254 MWh energy storage facility. This effort aligns with L&T's global strategy to manage renewable energy plants effectively. It has recently powered the 700 MW ArRass solar plant in Saudi Arabia, using L&T-SPARK-PPCTM (Solar Power Plant Controller) technology to oversee over 200 solar inverters for compliance with real-time deployment signals. 

In Puerto Rico, L&T DES is involved in an interconnection simulation study and control engineering project that encompasses eight grid-interactive renewable hybrid substations. Following the successful completion of the engineering design phase, the team will implement the L&T-Spark-HECSTM, marking a significant milestone in integrated solar and energy storage solutions.

L&T DES is acknowledged in the United States as a place of excellence in advanced consulting, including resilience planning and cybersecurity compliance work across an array of digitalisation and decarbonisation projects. The team has recently bagged grant projects from the California Energy Commission to develop a community microgrid integrating all-electric systems with advanced vehicle EV charging infrastructure.

Lastly, L&T DES is set to deliver 300 MW of Balancing Authority (BA) services in the western United States. This service is crucial for integrating renewable plants while adhering to NERC (North Electric Reliability Council) standards. The project will be executed through the Hybrid Energy Network Operation Centre (HENOC) in Fairfield, California, enabling efficient energy transactions that optimise trades while ensuring compliance with reliability standards.

Mr T. Madhava Das, Whole-Time Director & Senior Executive Vice President (Utilities)—Larsen & Toubro, commented: “In line with L&T’s ethos of technology for sustainable growth, and banking on our deep domain expertise in Power T&D and Renewable generation areas, we are happy to speed up the data driven transition of our customers.”

About Larsen and Toubro Limited

Larsen & Toubro (L&T) is a leading Indian multinational company with a revenue of USD 27 billion. The company is involved in Engineering, Procurement, and Construction (EPC) projects, high-tech manufacturing, and various services, operating in multiple countries around the world. For over eight decades, L&T has maintained its leadership in key business areas by focusing on customer satisfaction and consistently striving for top-quality standards.

Key Takeaways from Tata Motors GroundBreaking Ceremony:

• Tata Motors Group has launched the construction of a manufacturing facility in Panapakkam, Ranipet district, focusing on next-generation cars and SUVs for Tata Motors and Jaguar Land Rover (JLR).
• The company plans to invest around Rs 9,000 crores in the project, which is designed to produce over 250,000 vehicles annually.
• The new facility is expected to create more than 5,000 jobs, both directly and indirectly, while also enhancing local community skills.
• The plant will operate using 100% renewable energy, aligning with sustainable manufacturing practices.

Tata Motors plans to invest approximately Rs 9,000 crores in this greenfield project, which is designed to produce over 250,000 vehicles annually. Production is set to begin in phases over the next 5 to 7 years, gradually reaching full capacity.

N Chandrasekaran, Chairman of Tata Sons said, “We now intend to build our advanced vehicle manufacturing plant here using cutting-edge manufacturing technology and world-class sustainability practices. We will endeavour to have a high share of women employees across levels, in line with our focus towards greater empowerment of women.” 

The new facility is expected to create over 5,000 jobs, both directly and indirectly, and aims to enhance skills in the local community. Additionally, the plant will operate sustainably, using 100% renewable energy.

About Tata Motors Limited:

Tata Motors Limited, part of the USD 165 billion Tata Group, is a prominent global automobile manufacturer with a valuation of USD 44 billion. The company produces a wide range of vehicles, including cars, utility vehicles, trucks, and buses, and is a leader in India’s commercial vehicle market while ranking among the top three in passenger vehicles. With the brand promise of ‘Connecting Aspirations,’ Tata Motors focuses on innovative design and advanced research and development, maintaining centres in India, the UK, the US, Italy, and South Korea.

The company is at the forefront of India's Electric Vehicle (EV) transition, committed to sustainable mobility solutions. Tata Motors emphasizes engineering and tech-driven automotive solutions tailored to future mobility needs. With a strong market presence in regions including the UK, South Korea, and Southeast Asia, Tata Motors operates numerous subsidiaries, joint ventures, and associates, allowing it to effectively market its vehicles across Africa, the Middle East, Latin America, and beyond.