Tuesday 7 July 2009 - All stories compiled and edited by Bhaswati Das
Indian realty firms are feeling the urge to invest in technology that will help them achieve optimum productivity, information access and regulatory compliance because of sales slowdown, stagnating capital values and a need to manage resources better.
End-to-end enterprise resource planning (ERP) solutions, that manage diverse projects across different locations, are slowly finding favour. ERP vendors are seeing increased enquiries pushing them to develop tailored solutions targeted at mid-market realty firms.
When Delhi realty firm RDS Projects’ standalone ERP deployment failed, it turned to a solution that provided efficient management of projects across locations and customers: Aurigo Brix. Similar was IDEB’s case, which used Aurigo’s product across realty projects in Southeast Asia and India.
Recently, global tech giant SAP said Maharashtra-based builder City Corporation has gone live on its ERP solutions to help accelerate business plans, such as building 50,000 houses across five townships in Pune including India’s first digital township, Amanora Park Town.
From tech biggies to mid-market IT firms, everybody is gunning for a slice of this market. While vertical-specific ERP figures are not available, the overall market is expected to top $250 million in 2009, growing at a CAGR of over 25.2 per cent between 2004 and 2009.
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