– Signs Deal with Nitesh Estates During SAP Summit 2008 in Mumbai
India — In a clear demonstration of its continued momentum in the Engineering, Construction & Operations space, SAP today announced its association with Nitesh Estates to accomplish a 360 degree automation level. The announcement was made at SAP Summit 2008, India’s largest business-technology event, held in Mumbai, India, June 4-6, 2008.
Nitesh Estates to maximize growth with SAP ERP
The investment in SAP Solutions aims to streamline business processes, delivering key
benefits such as enhanced customer value, compliance and real-time monitoring of data. The
company is expected to go-live across all locations in about 6 months.
“Our priority is developing high quality projects which can be benchmarked with the global
best,” commented Carol Tait, Senior Vice President, Corporate Affaires, Nitesh Estates “A
flexible, adaptive and open IT architecture was a fundamental requirement to achieve this goal.
SAP is the partner of choice as it integrates the best product platform with knowledge and proven
references in the EC&O sector. By implementing SAP solutions, we are confident that we will
deliver on our value proposition to our stakeholders,”
Comments Ranjan Das, President & CEO, SAP Indian Subcontinent, “While real estate in India has seen an unprecedented growth, the sector is maturing at a healthy pace.. In order to differentiate, Nitesh Estates choose to partner with SAP to innovate and adopt an IT Platform that offers greater business agility, efficiency and insight. I am confident that with SAP, Nitesh Estates will be able to further power its growth.”
Capturing the Real Estate Boom in India
With India’s booming economy, favorable demographics and liberalized FDI regime, the real
estate market in India is on a high growth curve. Though still in a nascent stage, the market
provides enhanced opportunities for real estate developers. SAP for EC&O industries addresses
one of the sector’s most pressing technology challenges: the consolidation and management of
all assets and portfolio products into one single system. It combines proven SAP software with
SAP Best Practices and “quick start” accelerators to address all core industry business processes and enable all facets to run smoothly.