According to the companies, while developers require fuel to run the construction sites smoothly, in the ready to move in societies, fuel is required to run the power backup system.
“We believe the door-step fuel delivery segment has huge potential for growth in the immediate short to medium term in the real estate segment. Oil marketing companies anticipate the market to be worth Rs 2,000 crore in the next 12 to 18 months,” said Rakshit Mathur, Founder and CEO, The Fuel Delivery.
The company is an app-based door-to-door fuel delivery service provider.
Apart from real estate, the construction sector is also witnessing growth in terms of activity. Developers of all the key infrastructure projects will require fuel at their project sites to run their machinery and equipment.
“The on-demand fuel delivery segment has potential beyond real estate like construction of highways, ports, urban infrastructure projects, logistics and, institutions, manufacturing, office parks, warehousing and many more. There exist gaps in between what they have, what they want, and what they need and we are here to fill these gaps,” said Mathur.
According to Jones Lang LaSalle (
) pulse real estate monthly monitor for February 2021, reports an increase in demand for office and retail leasing, coupled with new residential launches in Delhi NCR, Mumbai and Kolkata.
There were more than 54,000 new project launches across India during Q 4, 2020 with a growth of 173% quarter-on-quarter and 12% year-on-year. Delhi NCR alone has witnessed the launch of more than 5,000 new real estate projects during Q 4, 2020.