Global technology led construction company to design, build and deliver the 1.6 million sq. ft. office space in 19 months
Mumbai, August 19, 2019: Katerra, a leading design, and technology-driven global construction company announced yet another project win with Bengaluru-based real estate developer Embassy Group. Embassy 3A, a 1.6 million square feet, commercial building will be the latest addition to Embassy’s sprawling office park, Embassy Tech Village in Bengaluru. The project is designed by KGD – A Katerra Design Partner and all building components for the project will be factory-made at Katerra’s 42 acres, fully-integrated offsite manufacturing facility in Krishnagiri, Tamil Nadu.
Embassy 3A will feature 10 floors of office space, a beautifully designed ground floor with lobby, two basements floors and a multi-level car parking. Capitalizing on Katerra’s unique offsite construction technology, this project is scheduled to be designed and built in the next 19 months, bringing in 50% time saving.
Sharing his thoughts, Mr. Nejeeb Khan, Head Design and Business Strategy - India, Katerra said, “High performance and sustainably built commercial spaces are a growing requirement in urban India. At Katerra, we are developing design and technology-driven solutions to deliver smarter, better, and faster commercial spaces for our clients. Embassy Group holds a leadership position in collaborating and adopting new technology and ideas, in office spaces, and we are excited to work together with them on the new 3A project.”
This is Katerra’s second project with Embassy Group having earlier built Embassy 7B, a 1.7 million square feet office building in 2018.
Backed by Soft Bank’s Vision Fund, Katerra is a fully integrated construction company, providing end-to-end building services as a single partner, with robust technology systems connecting - building design, factory manufacturing of components and site assembly and building together.
Speaking about the project, Mr. Aditya Virwani, COO - Embassy Group said, “We are happy to partner with Kattera for the construction of Embassy 3A at Embassy TechVillage. The new precast technology adopted for this construction will speed up delivery and increase efficiencies. The synergies with Kattera and Embassy Group is helping us build a mutually rewarding partnership for the construction of our Grade A Office Parks”
A Silicon Valley technology driven, offsite construction start-up, Katerra has grown rapidly since 2015. Today, the company has over 7,500 employees, 6 operational factories and 700+ projects in progress across India, Middle East and America. Katerra has strong business plans to rapidly expand its operations in the Indian market aiming to revolutionize its construction sector by introducing advanced global practices.
About Katerra:
Katerra is a technology company optimizing the way buildings are designed and constructed. We are a technology company at heart. We are bringing the tested systems approaches of industrialized global industries to bring greater efficiency to building design and construction.
Founded in 2015, by Michael Marks, today Katerra has over 700+ projects in progress and 6 factories across the globe. Headquartered in Silicon Valley, we have operational offices across America, India, China and the Middle East employing more than 7500 people.
About Embassy:
Founded in 1993, Embassy Group is one India's largest real estate conglomerates with a broad portfolio of over 54 million Sq. Ft. of prime commercial, residential and industrial space in India. Across all asset classes, Embassy lays strong emphasis on high standards of quality, delivery, world class service environmental management and safety. Embassy has partnered with global investors including Blackstone and Warburg Pincus at the group and project levels. In many areas, Embassy has been a pioneer of new practices; Embassy was a sponsor of India's first REIT, the largest office REIT in the Asia pacific. As an extension if its vision to create world class urban infrastructure, the company has also contributed in the field of education. The Group's community outreach program empowers over 7000 children across 17 schools to create a positive social impact in urban India.
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