More than 90 per cent consolidation in Indian real estate at project-level; only a few (such as Indiabulls) consider exiting realty business altogether. After DeMo wiped out fly-by-night and many small developers, liquidity crisis led Big Boys to take up stuck or delayed projects. Preferred consolidation models include JVs, alliance, development management contract, land monetisation.
The government’s move to promote affordable housing by setting up a special fund is welcome. It will boost buyers’ sentiments and help revive the real estate market. We expected the government to give industry status to real estate sector, though its efforts to support infrastructural development is laudable.
Finance Minister impetus on ‘Housing for All by 2022’ by way of given affordable housing an infrastructure status is indeed a welcome step and will bring in the momentum towards achieving the goal. The allotment of infrastructure status would also boost investment from private players in the affordable housing campaign
Jairam Panch, Managing Director, Turner Project Management India, shares some key safety issues that arise on high-rise construction projects in addition to the usual issues: “Fire considerations – evacuation procedures, protected staircases and temporary alarm systems; wind issues – hugely increased wind speeds on taller structures effecting workers, stored materials, and temporary structures including lightweight scaffolds; open shafts – lifts
Crane and hoists are essential for the vertical transportation in a high-rise building. While hoists are generally used for manpower transportation, cranes are used to transport major materials such as steel, etc, and sometimes for shuttering.
While high-rise buildings are gaining prominence in India, challenges in execution remain, especially with breaking the old rules of construction and limitations in introducing the latest technologies. For this, adopting the right materials in high-rise construction is of utmost importance
The shuttering system is the heart of a high-rise. Advancement in formwork has made it easier for every process owner involved – architects, project manager or structure designers. It has provided the flexibility with much evolved accuracy that architects were looking for ages.