Luxora and its procurement strategies
Luxora Infrastructure Pvt Ltd is jointly promoted by the Aanya Group and Luxora Group.  Ensaara Metropark is an iconic 300 acre township project in Nagpur, with this project they aim to set an example for other builders in Nagpur. The organisation has over 30 years of experience in residential real estate development, with a particular focus on producing high quality developments, which feature beautiful, modern designs built to exacting standards.

The two groups combine intelligent building design and international best practice to create progressive, socially-responsible developments. They share a vision of creating residential housing and multi-use metroparks, which exceed expectations and are symbolic of modern India.

Aanya and Luxora are also collaborating on other projects in Maharashtra, including recently launched Crystal Spires – a luxury development in Thane under construction and developments in areas of the Mumbai metropolitan region.

According to Niraj Bhatia, General Manager – Commercial, Luxora Infrastructure Pvt Ltd, a procurement strategy has to support organisations agenda on achieving its goal, it has to optimise the returns on spend through continuous valuable contributions and procurement operations.

Commenting on the company’s procurement strategy, he said, “Our procurement strategy is in line with set organisational goals, comprehensive budgets derived from spend forecast, continuous market or economic data review for business decisions, periodic monitoring and measuring the effectiveness. At present with the global volatility in the currency and commodities we are re-structuring our procurement strategy to have a balance by renegotiating import contracts and maximising the cost benefit provided by current low cost of commodities.”

Capital equipment – rent or buy?
Bhatia lists some of the decisive factors to determine whether to rent or buy capital equipment as:
• Initial investment cost and ROI against cost of rental charges
• Lead time to buy and space requirement for storage
• Quantum, tenure of work and future utility
• Frequency of technology update
• After-sales service
• Skilled manpower and subject matter expertise availability to maintain the bought out equipment
• Scrap value.

Challenges in procuring building materials
When asked about the mistakes project developer makes while procuring building materials or construction chemicals, Bhatia said, not having clarity on specifications and requirements is the mistake a project developer may make while procuring building materials or construction chemicals. “Procuring from new entrants may be a threat to quality. Not following the prescribed method of application due to unavailability of skilled labour or conventional methods of application can be a major debacle,” he adds

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Not having clarity on specifications and requirements is the mistake a project developer may make while procuring building materials or construction chemicals.

Niraj Bhatia, General Manager – Commercial, Luxora Infrastructure