Real Estate’s Young Turks Of 2021

Realty+ 40 Under 40 inaugural edition this year listed the top real estate professionals for the year 2021 that are paving the path for change and innovation in the sector. Having found Magicrete at age of 24, Sourabh led it to become a leading brand in the building materials and construction technology space. Magicrete Building Solutions manufacturer’s lightweight concrete (AAC) blocks, a technology that has turned over a new leaf in the construction industry. “The company was found with the vision of helping people build their homes better, faster & cheaper by use of innovative construction technologies. With immense success of our flagship product AAC Blocks, Magicrete has over the years ventured into a wide range of construction solutions including Wall Panels, Construction Chemicals & Modular Buildings,” shared Sourabh. Magicrete won the Global Housing Technology Challenge (GHTC) organized by the Ministry of Housing & Urban Affairs (saw participation from more than 150 construction technology providers from across the globe) to use its MagicPod technology (3D Modular Precast) to build 1000 homes over 12 months. “We believe in triple bottom-line approach. On the social front, Magicrete provides employment to close to 1000 people. On the environmental front our product, AAC Blocks consumes 70% less energy & resources compared to clay bricks thereby reducing carbon footprint. In India itself, AAC Blocks have the potential to avert 200 mn tons of CO2 emissions into the environment,” Sourabh added. Future of construction is Modular (houses built in factory), and we are innovating yet again with our MagicLite ALC Wall Panels & MagicPod 3D Modular Precast construction technology. With these technologies Magicrete is uniquely positioned to lead the modular construction industry which is expected to be USD 50 Billion by 2030