Otis Powers Vertical Mobility in My Home Group's Hyderabad Ultra Luxury Projects

Rhea-AI Summary

Otis (NYSE: OTIS) announced on October 15, 2025 that Otis India will supply 169 high-speed elevator systems to three My Home Group luxury residential projects in Hyderabad: My Home 99 (one tower rising to 234 m), My Home Akrida (12 towers), and My Home Grava Residences (seven towers, one over 54 stories).

The systems are described as next-generation solutions engineered for performance, reliability and a premium ride experience. The deal continues a long-standing commercial relationship between Otis India and My Home Group and reinforces Otis's presence in Hyderabad's premium residential market.

Positive

• Order for 169 elevator systems secured
• My Home 99 includes a 234-meter tower
• Contracts cover 20+ towers across three projects
• Strengthens Otis India presence in Hyderabad premium market

Negative

• None.

Insights

Infrastructure Commercial Strategy Expert

Otis secured a sizeable supply contract for 169 elevators across three luxury Hyderabad projects, reinforcing its premium residential foothold.

Otis will provide 169 high-speed elevator systems to three named luxury residential projects in Hyderabad including My Home 99, My Home Akrida, and My Home Grava Residences, which include towers rising above 54 stories and one at 234 meters. The contract represents a clear commercial win that aligns Otis' core manufacturing and service capabilities with large, high-spec residential builds, supporting recurring service potential after installation.

Key dependencies include timely project construction schedules, compliance with local approvals, and on-schedule commissioning to realize revenue recognition and follow-on service margins; the release gives no financial terms or timelines, so operational execution drives materiality. Watch installation milestones and service contract start dates over the next 12–24 months for indicators of revenue flow and utilization of Otis’ service network in Hyderabad; monitor any disclosed financials for the projects on or after Oct. 15, 2025.

- Provides 169 cutting-edge elevator systems, supporting smarter & smoother living

- Continues long customer relationship in reshaping luxury residential landscape

HYDERABAD, India, Oct. 15, 2025 /PRNewswire/ -- Otis India, a subsidiary of Otis Worldwide Corporation (NYSE: OTIS), the global leader in the manufacture, installation, and servicing of elevators and escalators, has secured a major deal with My Home Group to provide next-generation elevator solutions for three of their luxury residential developments in Hyderabad.

Otis India will supply 169 high-speed elevator systems engineered for performance, reliability, and premium ride experience for:

• My Home 99 (rising to 234 meters)
• My Home Akrida (12 towers)
• My Home Grava Residences (seven towers, one rising to over 54 stories) 

"Seamless vertical mobility is at the heart of what our customers want to provide for modern urban living. These projects mark another step in shaping the future of the city through comfort, safety and modern design," Sebi Joseph, President, Otis India, said. "We are proud to see these new projects build on our long-standing relationship with the My Home Group, a name that has stood for thoughtful urban design and excellence for over 35 years. Together, we're exploring what's possible when design ambition meets engineering excellence.

"Otis India has played a key role in shaping Hyderabad's luxury residential landscape through long-standing affiliations with key developers across the city and continues to strengthen its presence in Hyderabad's premium residential market, delivering solutions that match the city's growing aspirations and reflect the expectations residents have for modern living."

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, YouTube, Instagram and Facebook @OtisElevatorCo.

Media Contact keya.muriya@otis.com +91 9819635036

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SOURCE Otis Worldwide Corporation

FAQ

How many elevators did Otis (OTIS) agree to supply to My Home Group on October 15, 2025?

Otis agreed to supply 169 high-speed elevator systems to three My Home Group projects.

Which My Home Group Hyderabad projects will receive Otis elevators and what are their sizes?

The projects are My Home 99 (tower to 234 m), My Home Akrida (12 towers), and My Home Grava Residences (seven towers, one over 54 stories).

What features did Otis highlight for the elevators supplied to My Home Group (OTIS)?

Otis described them as next-generation, high-speed systems engineered for performance, reliability and a premium ride experience.

Does the October 15, 2025 Otis-My Home deal change Otis India’s market focus in Hyderabad?

The company said the deal strengthens Otis India's presence in Hyderabad's premium residential market.

Who is the Otis India executive commenting on the My Home Group agreement dated October 15, 2025?

Sebi Joseph, President, Otis India, provided comments about the agreement and its impact.