Latest news with #AnkurAggarwal
Time of India
4 days ago
- Business
- Time of India
BNW Developments targets Rs 20,000 crore worth of projects by next year
UAE-based BNW Developments, spearheaded by Ankur Aggarwal and Vivek Anand Oberoi, is set to launch projects worth Rs 20,000 crore next year, building on their existing Rs 10,000 crore portfolio. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads UAE-based BNW Developments , a company promoted by Ankur Aggarwal and Vivek Anand Oberoi , plans to launch projects worth Rs 20,000 crore next company has already launched projects worth Rs 10,000 crore and has 30 projects in its plans to add 10–15 more projects by next year.'We are acquiring ready-to-move-in buildings in Dubai and selling them again after refurbishing. There is a demand-supply gap, and we feel these projects are important for the region,' said Ankur Aggarwal, chairman and founder of BNW company has recently entered into a collaboration with FashionTV to launch a branded residential development on Al Marjan Island in Ras Al Khaimah—an area currently undergoing rapid development and positioning itself as a hub for tourism, investment, and luxury real estate within the million visitors are expected to visit Ras Al Khaimah every year by 2027, and the company is focused on branded residences to bridge the gap in demand and supply there.'Al Marjan Island, and Ras Al Khaimah as a whole, are no longer peripheral players. With strategic infrastructure investments, global hospitality interest, and visionary governance, this region is fast becoming a nucleus for new-world urbanism,' Aggarwal Indian Hotels Company (IHCL), in collaboration with UAE-based luxury real estate firm BNW Developments, had launched Taj Wellington Mews on Al Marjan Island in Ras Al development offers a total of 342 ultra-luxury units, comprising 185 studio apartments, 117 one-bedroom apartments, 26 two-bedroom apartments, eight three-bedroom apartments, and six retail global names like Wynn Resorts making their debut on Al Marjan Island, the area has seen a significant rise in demand, with projected rental yields reaching upwards of 8–14%, making it a lucrative choice for discerning investors.
Indian Express
04-08-2025
- Business
- Indian Express
How India's pesticide market is changing
Crop protection chemicals are commonly known as 'pesticides'. These are basically substances sprayed on crops to protect against insects ('pests') that cause damage, whether directly (by feeding on them) or indirectly (by transmitting disease). Take the white-backed plant hopper, a pest that both feeds on rice plants and also spreads the Fiji virus disease, resulting in their stunted growth. This 'dwarfing' disease has been reported by many paddy farmers in Punjab and Haryana during the current kharif growing season. The vector insect here injects the virus while sucking the sap from mostly young plants. But crop protection chemicals aren't limited to insecticides. They also include fungicides (to control fungal diseases such as blast and sheath blight in rice or powdery mildew and rusts in wheat) and herbicides (to kill or inhibit the growth of weeds). The fastest-growing segment India's organised domestic crop protection chemicals market is valued at roughly Rs 24,500 crore. The largest segment within that is insecticides (Rs 10,700 crore), followed by herbicides (Rs 8,200 crore) and fungicides (Rs 5,600 crore). As the accompanying chart shows, it is the market for herbicides that's growing at the highest rate – over 10% annually. Much of that is controlled by multinational companies: Bayer AG (which has an estimated 15% market share), Syngenta (12%), ADAMA (10%), Corteva Agriscience (7%) and Sumitomo Chemical (6%). While Bayer is German, Corteva is from the US and Sumitomo is Japanese, the Basel (Switzerland) and Ashdod (Israel)-headquartered Syngenta and ADAMA respectively are both owned by the Chinese state-owned Sinochem Holdings Corporation. However, the herbicide segment has Indian players, too, such as Dhanuka Agritech (estimated 6% share) and Crystal Crop Protection Ltd (CCPL: 4%). CCPL recently purchased the rights to Ethoxysulfuron, a herbicide used against broad-leaved weeds and sedges in rice and sugarcane, from Bayer AG for sales in India, Pakistan, Bangladesh and Southeast Asian countries. The deal, announced in January 2025, also covered the latter's 'Sunrice' trademark for mixture products containing this active ingredient. Earlier, in December 2023, CCPL had acquired 'Gramoxone', a broad-spectrum herbicide containing the active ingredient Paraquat, from Syngenta for sale in India. 'We are very bullish on herbicides. While the all-India market for this segment grew by 10% in 2024-25 (from Rs 7,460 crore to Rs 8,209 crore), our own sales rose over 47%, from Rs 229 crore to Rs 337 crore,' said Ankur Aggarwal, managing director of the Delhi-based company that recorded a turnover of Rs 2,201 crore from crop protection chemicals last fiscal. Weeds, unlike insect pests and disease-causing pathogens, don't directly damage or destroy crops. Instead, they compete with them for nutrients, water and sunlight. Yield losses happen because the crops are deprived of these essential resources. Besides growing at their expense, weeds sometimes even harbour pests and pathogens inflicting further harm. By keeping their fields free from weeds, farmers can ensure that the benefits of the fertilisers and irrigation water they give go to the crops and not these unwanted plants. Weed control has traditionally been through manual removal by hand or simple lightweight short-handled tools with flat blades such as khurpi. There are also power weeders with 3-10 horsepower engine capacity that can be run between rows of standing crops to remove weeds in and around those spaces. But manual weeding is time-consuming, with a labourer taking 8-10 hours to cover one acre. And since the weeds regrow, the process has to often be repeated during the crop's lifecycle. According to the Labour Bureau's data, the all-India daily wage rate for plant protection workers averaged Rs 447.6 in December 2024, as against Rs 326.2 five years ago. More than the cost though, labour isn't available when required by the farmer. Power weeders take only 2-3 hours per acre, but aren't effective in pulling out weeds with deep roots or growing within densely planted crop areas. That's where herbicides come in. The demand for these chemicals is growing mainly on the back of rising agricultural labour scarcity; the number of people in rural India prepared to do this work of bending, digging and uprooting plants for long hours are getting fewer by the day. In other words, herbicides have become more like tractors and other labour-saving farm machinery – a substitute for manual weeding. How the market is evolving Farmers generally spray insecticides and fungicides only when they physical observe and assess the pest population or disease incidence to be significant enough to impact crop yield and quality/marketability. There's a certain so-called economic threshold level, where the cost of controlling the pest/disease using chemicals is justified by the extent of anticipated crop loss. In herbicides, too, farmers tend to mostly spray only after the weeds appear and are seen, i.e. 'post-emergence'. In recent times, farmers have also been resorting to prophylactic application of 'pre-emergent' herbicides around or just after crop sowing. These stop the weeds from coming out, helping keep the field clean from the start. Alternatively, they may use 'early post-emergent' herbicides to control weeds at the crop's initial sensitive growth stage. In both cases, the spraying is preventive, as opposed to being reactive. Out of the estimated Rs 1,500-crore paddy herbicide market, the 'pre-emergent' sub-segment accounts for roughly Rs 550 crore. That share is about a fifth in the Rs 1,000-crore market for wheat herbicides. The 'pre-emergent' and 'early post-emergent' spaces are clearly the ones leading the growth, as farmers increasingly opt for timely and smart weed control amid rising labour shortages. Monopoly concerns Unlike seeds and fertilisers – where there are enough Indian public as well as private sector players – the crop protection chemicals industry is practically a multinational monopoly. There are some Indian companies, nevertheless, that are attempting to break through, by acquiring the rights to active ingredients and brands from big global majors or even introducing innovative formulations. CCPL, for instance, has collaborated with the Ohio (US)- based Battelle and Japan's Mitsui AgriScience to develop a new paddy herbicide called 'Sikosa'. Containing two active ingredients, Bensulfuron-methyl and Pretilachlor, in a patented oil-dispersion formulation, 'Sikosa' spreads quickly in water and works well when sprayed within 0-3 days after transplanting. 'With a single 500-ml bottle of this super spreader herbicide, farmers can control narrowleaf, broadleaf and sedge weeds in transplanted paddy. And the product cost is Rs 850-900 per acre, compared to Rs 2,000-plus with manual weeding,' Aggarwal claimed. But India is still some distance away from having a Sinochem Holdings Corporation. Harish Damodaran is National Rural Affairs & Agriculture Editor of The Indian Express. A journalist with over 33 years of experience in agri-business and macroeconomic policy reporting and analysis, he has previously worked with the Press Trust of India (1991-94) and The Hindu Business Line (1994-2014). ... Read More
Zawya
01-08-2025
- Business
- Zawya
BNW Developments banks on Ras Al Khaimah's real estate boom to fuel growth
Ras Al Khaimah real estate remains significantly underpriced relative to its potential, with off-plan sales expected to maintain strong momentum, Ankur Aggarwal, Chairman and Founder of BNW Developments, told Zawya Projects. 'With the island's tourism strategy, Wynn's resort, and major infrastructure upgrades, we expect off-plan demand to remain strong, not just for end-use, but as long-term lifestyle investments,' he said. The company, which currently manages a portfolio exceeding 22 billion UAE dirhams ($6 billion) in assets under development, acquired the land for its latest AED 1 billion ($272 million) Aqua Arc project on Al Marjan Island in June 2022. The handover is expected on or before the third quarter of 2027. Although inflationary pressures are a concern, Aggarwal said strong alliances, such as one with MAN Construction, and early procurement strategies allow for buffering potential risks. Excerpts What market factors compelled you to launch Aqua Arc on Al Marjan Island? Al Marjan Island is rapidly transforming into one of the UAE's most dynamic waterfront destinations, and our decision to launch Aqua Arc here was fundamentally driven by the accelerated tourism boom in Ras Al Khaimah, a phenomenon supercharged by visionary government-led infrastructure investments, most notably the highly anticipated Wynn Gaming Resort. This confluence of factors didn't just create an economic inflection point; it ignited a seismic shift in the region's potential. We weren't merely reacting to existing market momentum; instead, we strategically chose to invest and build in a place poised to redefine the global destination map, aligning with its long-term macro vision and the significant tourism boom that is actively being built. Our choice wasn't just about presence; it was about prescience. Rather than simply building in an already established area, we are planting our flag in a region destined for exponential growth. What process did you follow to appoint MAN Construction as the contractor? Our selection process for a construction partner for a flagship project like Aqua Arc is exceptionally rigorous. We sought capabilities beyond typical construction, looking for a partner who deeply understood the intricate demands of ultra-luxury waterfront development and shared our commitment to pioneering excellence. MAN Construction, a subsidiary of the Masah Group, emerged as the definitive choice. Their Tier-1, Class A status, and formidable engineering command were pivotal. They consistently deliver landmark projects that are architectural marvels and engineering triumphs, uniquely grasping the nuanced complexities of Aqua Arc's ambition. Their keen eye for detail and robust structural expertise ensure our design vision is flawlessly executed. When did you acquire the land for Aqua Arc? Are you now seeing an increase in land prices on Al Marjan Island? We strategically secured the land for Aqua Arc in June 2022, driven by our keen foresight into Al Marjan Island's burgeoning potential. Since then, land prices have seen a significant increase, directly validated by market data. This surge reaffirms the island's strategic location and the catalytic impact of transformational developments, such as the Wynn Gaming Resort. Our early investment was about identifying an undervalued opportunity, positioning BNW at the forefront of a premier global destination. This validates our vision and strengthens foundational value for our investors. What is Aqua Arc's USP in terms of design? The project's architect is Al Wasl Al Jadeed Consultants (AWAJ Consultants). The project has been envisioned as an architectural tribute to fluidity, the rhythm of the sea and the calm of luxury. From its cascading balconies to double-height lobbies and private pools, every design detail aims to evoke serenity while maintaining structural power. The project's design philosophy is rooted in creating immersive, sea-oriented living spaces that feel as natural as they are elite. What will be the sustainable elements of the project? Sustainability is a core pillar of the Aqua Arc project. For us, going green isn't just an environmental strategy; it's our blueprint for responsible development, proving that doing good is inherently good business. We've thoughtfully integrated cutting-edge green technologies and design principles to significantly minimise our environmental footprint while ensuring a healthy, comfortable, and luxurious living space. Our sustainable elements include: Intelligent building systems: Automated HVAC, lighting, and water management optimise energy efficiency and resource conservation. Bioclimatic design: Features such as expansive natural daylighting and optimized shading drastically reduce heat gain and the need for artificial light. Our biophilic landscaping further integrates nature. High-performance materials: We utilise materials with superior U-values and solar reflectance index meeting stringent LEED and BARJEEL certifications for enhanced energy efficiency. Advanced water conservation: Efficient irrigation systems and native landscaping species minimise water consumption and promote biodiversity. By intelligently incorporating these elements, we are creating an environmentally responsible sanctuary that sets a new benchmark for sustainable luxury development on Al Marjan Island. Are you concerned about rising construction costs in RAK? As developers, we're mindful of inflationary pressures, especially with raw material volatility and a booming real estate sector. But we believe that controlled partnerships, like our alliance with MAN, and early procurement strategies allow us to buffer these risks. What matters most is not just cost management, but value management. What are the biggest challenges you see in the coming years and how are you planning to overcome them? Macroeconomic cycles are inevitable. But real estate, particularly in high-growth, high-tourism zones like Ras Al Khaimah, behaves differently. Our strategy is twofold: diversify the asset base and deepen investor relationships. We focus on lifestyle-driven locations, utility-led design, and strategic alliances that buffer against single-market dependencies. That's how you build staying power, not just sales momentum. How extensive is your project portfolio in the UAE? We currently manage an active portfolio exceeding AED 22 billion in assets under development. This includes over half a dozen luxury projects across Ras Al Khaimah and Dubai, with multiple residential and branded projects in various stages of planning and construction. Any new projects planned for this year? Yes. We have multiple landmark developments in the pipeline, including branded residences, themed architecture collaborations, and vertical communities. Our focus is on both expansion and distinction; each project must contribute meaningfully to our legacy and the region's urban fabric. Are you continuing to increase your land bank in neighbouring emirates? Our plan is definitely to keep expanding this land bank, both within these emirates and by carefully looking at opportunities in other promising neighbouring markets. We're seeing incredibly strong, consistent demand from our investors globally – they have immense confidence in the UAE's real estate trajectory. So, for us, it's about making sure we're always positioned with the right assets to meet that evolving demand and keep contributing to the region's remarkable growth story. Are there plans to enter other markets in the Middle East? Ras Al Khaimah has been our proving ground. But the vision has always been regional. As mentioned during our partnership with Masah, Saudi Arabia is a market we're actively preparing to enter by 2026. It's a competitive space, but with the right alliances and differentiated offerings, we're confident in replicating our success. What is your outlook on the UAE real estate market, especially RAK's off-plan segment, for 2025–2026? I believe Ras Al Khaimah is still significantly underpriced relative to its potential. With the island's tourism strategy, Wynn's resort, and major infrastructure upgrades, we expect off-plan demand to remain strong, not just for end-use, but as long-term lifestyle investments. The shift toward branded luxury, wellness living, and coastal accessibility will define the next wave of growth. We're positioning to lead that curve, not follow it. (Reporting by P Deol; Editing by Anoop Menon) (
Time of India
15-07-2025
- Business
- Time of India
From balance sheets to building skylines: Ankur Aggarwal's journey from CA to CEO
Before he became a real estate developer in Dubai, Ankur Aggarwal was a boy in Delhi tutoring younger kids to help his single mother make ends meet. His father had passed away when he was six. With financial hardships came responsibilities. He began earning at eleven, and with that, the resolve to build something of his own one day was born. Chartered Accountancy entered the picture through a cousin's suggestion. The course, with its intense training and relentless focus on discipline, enabled Ankur to refine his technical proficiency and develop valuable habits, including attention to detail and the ability to assess the value in people, ideas, and timing. With a ₹70,000 loan from his sister, he started his own CA practice, where he built his clientele by fostering meaningful connections that lasted for years to come. Armed with financial knowledge, frameworks to assess risk, and the ability to think beyond the short term, he began with a brokerage business built on a truly cosmopolitan ethos and a global clientele. As Bricks and Woods (a name given by his wife) soared to new heights, Ankur decided to aim even higher and left behind the role of a broker, setting his sights on becoming a developer — determined to reach new heights. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 4BHK+Family Lounge+Utility room at 4.49Cr (All Incl)* ATS Triumph, Gurgaon Book Now Undo One of his first land investments, on Al Marjan Island in Ras Al Khaimah, increased in value sixfold within two years. The decision, like most he makes, was backed by data and instinct. Today, he heads a real estate company with a growing footprint in the UAE, managing assets worth ₹22 billion under development. But ask him what matters, and the answer is still rooted in the principles he learned early: ethics, consistency, and shared growth. 'You can't run far if you run alone,' he says. 'Your team, your clients, your investors, and your family carry you forward.' To those at the beginning of their journeys, especially CAs, he suggests anchoring ambition in preparation: 'Make short-term goals with long-term thinking. Your job is to build systems that last longer than you do.' On National CA Day, his story reflects what this qualification can offer beyond a job title. The training builds discipline, perspective, and the ability to see value where others may not. For Ankur, it became the foundation for something much bigger, and much more valuable.
Gulf Today
06-07-2025
- Business
- Gulf Today
BNW Developments and Masah Group sign AED 1 billion deal to launch flagship ‘Aqua Arc' in Ras Al Khaimah
In a strategic move poised to elevate the luxury real estate landscape of Ras Al Khaimah, BNW Developments has signed a landmark construction partnership valued at AED 1 billion with Masah Group. The agreement appoints MAN Construction, a subsidiary of Masah, as the principal contractor for Aqua Arc, BNW's ultra-luxury waterfront development on Al Marjan Island. This milestone unites two industry leaders—BNW, one of the region's fastest-growing private developers with a project pipeline exceeding AED 22 billion, and Masah, a GCC-recognized Tier 1 contracting firm renowned for its turnkey capabilities and engineering expertise. The signing ceremony welcomed key stakeholders from both companies. Representing Masah Group were Mr. Mohammed Abdul Nayeem (Chairman, Masah Holdings & MAN Construction), Mr. Mohammed Alhabib (Vice Chairman), Mr. Althaf Kazi (CEO & Managing Partner, MAN Specialized Contracting), Mr. Mirza Naseem Beg (CEO, Alpha Metals), and Mr. Mohammed Misbah (Advisor to the Chairman). From BNW Developments, Mr. Ankur Aggarwal (Chairman & Founder) and Mr. Vivek Anand Oberoi (Managing Director & Co-Founder) were present to mark the alliance. 'Partnering with BNW for Aqua Arc is a proud milestone for Masah,' said Mr. Nayeem. 'This reflects a shared vision to build iconic communities that represent both regional identity and global excellence.' Aqua Arc: Precision Meets Elegance Poised to become a landmark on Al Marjan Island, Aqua Arc combines contemporary architecture with panoramic sea views and sustainable design. With a focus on detail, execution, and elegance, the project aims to redefine coastal luxury living. 'At BNW, design ambition must be matched by delivery,' said Ankur Aggarwal. 'Masah's engineering depth and commitment to timelines make them an ideal partner.' 'Masah are not just builders—they're masters of scale and structure,' added Vivek Anand Oberoi. 'Their ethos perfectly aligns with ours: excellence, transparency, and long-term value creation.' Expanding Beyond Borders This collaboration marks a pivotal moment in BNW's regional growth, with plans to expand into Saudi Arabia in 2026. With a shared commitment to innovation and sustainability, BNW and Masah are set to deliver projects that reflect ambition, quality, and regional pride.
