Project report for Modular kitchen
Emphasizing on the mantra of timeless spaces that are designed to make the everyday extraordinary, The firm has made its way within the industry of delivering bespoke turnkey interior designs that are unique, dynamic and infused with passion and creativity. With state of the art facilities, acquired skills, and the ability to transform visions into reality, the company creates highly functional and equally exquisite interior spaces which caters the needs of their clients ranging from corporate to retail and hospitality to residential.
The firm has been successful in providing avant garde environments for all their clients by their unique systematic conceptual designs. With their rich experience and highly talented team of professionals Intech aspires to offer all their clients a wide variety of modular spaces and customized interiors that transform dream design into a visually impressive environment.
With an aim to uplift the standards of day to day living Intech thrives to design and develop destinations that leave a long lasting insignia of flawless artistry ingrained with the company’s ethos and rapidly expand their foothold to be the leading design studio in providing the best turnkey and engineering consultancy services globally.
Our team-based approach ensures the cross-pollination of ideas and insights. Our staff is encouraged to gain experience across markets and we are committed to providing the highest quality continuing education and profile . A Young & dynamic team of engineers, interior designers, graphic designers and project managers. We understand the client's need and deliver the service up to their expectation. We provide creative as well as cost effective design, construction, engineering, and management services .
Our firm sets the path for companies large and small to meet their goals faster, more efficiently and with higher-quality results - whether embarking on a major capital project or developing a new facility, brand or a critical initiative .
Scope of the project
There’s a very good reason why India has been earmarked as becoming the world’s third largest construction market by 2030: the sheer volume of building work going on. From tip to toe, new homes, office blocks, essential infrastructure upgrades, and more, are under construction.
In residential construction alone, over 11 million homes are expected to be built by 2025.
That means the interiors market is expanding at a rapid rate. But not all sectors are created equal; some are growing much faster than others.
India’s furniture market is worth around Rs.56000 Cr.– and kitchens, plus associated fittings, represents 40% of this. 10,000 readymade, modular kitchens are sold in the country every month and the market has been witnessing 50% growth year-on-year since the turn of the decade.
By 2019, it is estimated the Indian modular kitchen market will have grown at a compound annual growth rate of 51.87% since 2014. Expect it to keep growing wile India keeps building.
As mentioned above, India’s furniture sector is a multi-billion dollar industry – one that is growing between 25-30each year. In fact, a report from TechSi Research predicts if it keeps expanding at its current rate, the Indian furniture segment will be worth a huge $32 billion by 2019.
To give an indication of the types of market opportunities available in India, the nation imported $816 million worth of lamps and light fittings in 2015, alongside $403 million in chairs alone. Imported furniture constitutes 85% of the total market.
India’s furniture tastes are far reaching. It imports products from Germany and Spain, although Asian countries get a good showing too. China, Korea, Malaysia, the Philippines, and Indonesia are amongst the biggest suppliers of furniture to the Indian market.
Product / Services & process
The proposed products of the unit are residential and commericial furniture products. Major products/services are
Wardrobes made of wood
All Kind of wood or steel based furniture for Schools, Offices, Industrial units and Home furniture.
The products are, generally made as per orders from customers. Materials used are normal steel, Prelamianted Boards, Particle Board, MDF Board Commercial Plywood, Laminates, Veeneers and Laminate Paper.
The raw materials such as steel, Prelamianted Boards, Particle Board, MDF Board Commercial Plywood, Laminates, Veeneers and Laminate Paper are procured from nearby wholesale dealers. With the help of drawings and designers, the products are fabricated with the help of skilled workers. The work order is collected directly through marketing executives. An advance amount will be collected at the time of receiving the work order, to ensure the commitment. Experienced workers are required for the measurements and designing. Only skilled workers can do the cutting and fabrication works accurately. The work is time bound and without the help of skilled labour, the order cant execute in time. The step by step process is:
Collection of work orders
Design as per measurements
Material selection and procurement
Production/fabrication process at unit
Installation of products at site
After the successful installation of the product, balance amount will be collected to settle the deal.
Raw materials / Consumables
The Wood processing industry requires many raw materials, most of which are of processed wood origin. Most of them are of wood made, such as Prelaminated boards, Particle board and commercial plywood products. Stainless steel products are also used as per requirement. In addition to that a number of other materials like emery paper, paints etc are also required. The major raw materials required are:
Hardware Fittings Like hinges, Lock, tray, and accessories.
MS Sheet, Pipes and Angles etc.
In addition to the above major raw materials, need many minor raw materials also, but of course they are very important in the fabrication. They are:
Grease/ lubricates etc.
All of the raw materials are of different types depending on the material, quality, gauge, size, price, brand etc. They are selected as per requirement of the customer, quality and price.
Plant & Machinery / Equipments
The plant and machinery including tools include welding set, drilling machine, grinding machine, cutting tool, hammer, vice, chisels, furniture etc. Regarding welding sets, both gas welding as well as electrical welding sets are required. For out door works, light weight induction welding machine is also needed. The proposed machines and tools are procured from reputed machinery and tool suppliers with utmost care. The machinery/equipment required are:
Name of Machine/ Equipment
Rate (in Rs.)
|PANEL SAW 3200 IN||454300||1||454300|
|MANUAL EDGE BANDING J3000 IN||241900||1||241900|
|DUST COLLECTOR DC-52||76700||1||76700|
|4||AUTO EDGE BANDER J 4700-IN||949900||1||949900|
|5||COLD PRESS J 50-T||495600||1||495600|
|6||MULTI BORING DC-32||74000||1||74000|
|7||HAND HELD DRILLING MACHINES||12000||4||48000|
|8||40 KVA STABILIZER||94000||1||94000|
|9||10 HP SCREW TYPE COMMPRESSOR||265500||1||265500|
|10||HAND HELD TOOLS||8000||4||32000|
Market potential & Strategy
The Indian furniture sector has witnessed a remarkable growth over the last few years driven by increased investments in infrastructure. The Interior sector, being closely associated with theinfrastructure sectors, is of strategic importance to India’s economy.India on its quest to become a global superpower has made significant strides towards the development of its housing sector. Rapid urbanisation in big cities like Delhi, Mumbai, Ahmedabad, Bangalore, Chennai, Kolkata, Hyderabad, Pune, etc. has changed the Indian lifestyle drastically. There is also a noticeable growth in the income & purchasing power of the Indians and the homeownership rates. This is the reason now many Indians spend more on the interior design of their homes to make them unique, well equipped, and sophisticated.
Although there is an upsurge of influence from different countries in the Indian way of life, still Indians never wish to entirely replicate anything. People love to give their spaces an indigenous and unique touch. Also, different homes need different things, so the trend of customising everything right from the design, décor and the furniture, is growing these days. The use of standard furniture is on a decline. Also, several people are developing an interest in choosing theme-based designs for their homes or commercial spaces. Myriad of themes like the Mediterranean Style, the European Style, the Ethnic Indian Style of Design and Decor are getting common these days. All these developmental trends and lifestyle changes with Indians are leading to a remarkable growth of the interior design industry in India. From the past few years, the industry has been expanding by 30-40%. Demand in the domestic market also increasing in a fast pace. A market study in this regard reveals the high potential of furniture requirement due to the flourishing construction activities in the area and scarcity in the supply of quality products with fixed timelines. Numerous industrial, educational, commercial, service and financial institutions are located around the unit. Most of the people living around the unit belong to middle class and they have sufficient purchase power.
Marketing is the decision making factor of any enterprise and by knowing this, the promoter has taken all possible ways to market his products and services by canvassing works from builders, contractors, social media , digital platforms and house owners. The small contractors as builders, electricians, plumbers etc. will be canvassed for work orders on commission basis. The promoter will use his wide personal contacts also for grabbing orders. The promoter can easily understand the taste and needs of the customer due to his several years of experience, which will help him in marketing his products and maintain customer satisfaction.