This Mumbai cafe by NUDES is made almost entirely from cardboard
Situated in Mumbai’s central business district, ‘Cardboard Bombay’ by NUDES literally explores ‘thinking outside the cardboard box’. The project by the architect uses the 100% Recyclable and Biodegradable material to form the interior of the cafe. The material has been selected as it is extremely versatile and also has excellent sound absorption properties. The entire landscape of ‘Cardboard Bombay’ including the dynamic free flowing geometries, bespoke furniture and light fixtures have been sculpted entirely from cardboard.more
This plush Mumbai apartment is a success story in sustainable interiors
Nupur Shah and Saahil Parikh of We Design Studio have a distinctive interior aesthetic that we have come to recognize and appreciate over the years. Muted tones of beige, buff and ivory, materialities that encompass wood, marble and concrete, and the natural elements of wind and sunlight playing stellar roles in shaping the visual vocabulary of the homes they design and have become mainstay of this Mumbai-based architecture and design studio.more
JSW Cement plans to double the capacity of its Salboni unit in West Bengal
JSW Cement, part of JSW Group, plans to double the capacity of its Salboni unit in West Bengal from 2.4 million tonne per annum (mtpa) at present to 4.8 mtpa. This was announced by Sajjan Jindal, chairman JSW Group on Thursday. Jindal was speaking at the Bengal Global Business Summit (BGBS). Jindal, however, did not mention the investment required for the capacity addition.more
India could extend deadline on steel import rules for automakers
India is considering extending by four months a compliance deadline on tougher import rules for steel that are aimed at forcing automakers to use locally made alloy, said two sources familiar with the matter. Compliance to the new rules had been set for Feb. 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India's auto industry, a federal minister has warned.more
SOM-Designed Chhatrapati Shivaji International Airport, Mumbai Is A Fusion Of Tradition & Modernity
Then in the year 2006, an internationally acclaimed firm of Skidmore, Owings & Merrill (SOM) was commissioned to redesign the airport on the same site. Construction of the new airport completed in 2014, and international operations from the new Terminal -T2 commenced on 12 February, 2014. The new Integrated Terminal Building (T2) now caters to both the international and domestic flights under one roof, optimizing terminal operations and reducing passenger walking distance.more
Not Just a Humble Hut: TN Org Shows How Mud Houses Can Be Viable in Cities Too!
Jayan is an organic farmer in the Attapadi village of Kerala. You can see him toiling away in his field, using natural fertilisers and pesticides to nurture his crops. His green, chemical-free field is his pride and joy. And it was this prized possession that made him decide to shift from his concrete, non-eco-friendly home to a mud house designed by Biju Bhaskar, the founder of Thannal Hand Sculpted Homes.more
Nippon Steel joint venture to be equity accounted: ArcelorMittal
ArcelorMittal and Nippon Steel's joint ownership of Essar Steel will be funded by a combination that will involve one-third equity and two-thirds debt, ArcelorMittal said Thursday, replying to investor queries after it announced fourth-quarter earnings. The two companies signed a joint venture agreement on January 22, and ArcelorMittal has said that its investment in the JV will be “equity accounted”.more
Prajay Chit Funds Office / Design Experiment
Intention and identity were the two challenges presented to design experiment When asked to renovate an old building for a chit funds office. The intention of the company was clear, to instill confidence in the chit funds offices' potential customers. The chit funds industry has been fraught with scandals, from owners shutting shop abruptly, to refusing to pay up to its customers, so the architects came up with a novel way to propagate trust amongst its patrons.more
Century-old ENT hospital building to get new look and old to get new look and old tower back
Charles Stevens, son of renowned architect Frederick William Stevens of the Victorian Neo-Gothic BMC headquarters and Vitorian Neo-Gothic BMC headquarters and Victoria Terminus fame, was known for designing iconic structures in the Fort business district too.
Interior architect Karan Desai designs a Mumbai home fit for a young couple
While the homeowners saw four barren walls that could be scaled up with interior design, Karan Desai saw an anchor to translate experiential architecture at every spatial arrangement for its residents. That is because for the 32-year-old interior architect—as well as the founder of his eponymous multi-disciplinary firm Karan Desai Home - texturing his sensibilities with Pritzker Prize awardee the late Zaha Hadid’s fluid architecture seems to appear atavistically.more
Charged Voids builds stone-clad Chandigarh home Residence 145 around courtyard
Living spaces at this house in the Indian city of Chandigarh are distributed around a full-height courtyard that allows natural light and breezes to reach rooms arranged around its perimeter.Locally based architecture studio Charged Voids designed Residence 145 project for a family comprising three generations, who wanted a home that provides a balance of communal and private spaces.more
The Objective Basket, Studio Wood, Kochi Biennale Foundation
Studio Wood displayed the multiple furniture adaptations of cane-woven baskets at the Kochi Muziris Biennale 2018. Basketry items, prevalent among Kochi’s artisans, are now interpreted as a single transformative item handy for everyday human activities. Studio Wood was commissioned by Kochi Biennale Foundation for a project and the alchemy of basketry displayed is the result.more
House with a Brick Veil by Studio Lotus
With increasing unplanned urbanization in several developing nations, most residential neighbourhoods have become jungles of concrete and noise – both visual and aural. Built within a congested locality in Central Delhi, the House with a Brick Veil seeks to negotiate the fine line between privacy and connectivity with neighbourhoods.more
Norwegian PM inaugurates unique Green Embassy building in Delhi
NEW DELHI: In a unique move a new green compound at the Royal Norwegian Embassy here was inaugurated by the Prime Minister of Norway, Erna Solberg. She is in the capital for a 2- day official visit.
The embassy has obtained a Green Rating for Integrated Habitat by the Government of India.more
JSW Steel looks for partner to bid for Bhushan Power
JSW Steel is likely to rope in a partner to bid for the stressed assets it is eyeing Bhushan Power & Steel, people aware of the development said. This will help the company insulate itself from the short-term risks involved in turning around the bankrupt steelmakers.
M9 Studio completes multi-purpose building in India with a Translucent Polycarbonate Facade
M9 Design Studio has completed ‘The Courtyard’, a two-story recreation building with a Cafe and multi-purpose event space in India, set in the garden of the clients’ grandparents house. Intended to minimize its impact on the existing structure, both during and after its construction, and create a connection with itmore
Industrial style Royal Enfield Garage Cafe in Goa is covered with Portuguese hand-painted tiles, by Studio Lotus
Studio Lotus’ approach to the Architecture and Interior Design of the Goan venue of Indian auto maker company Royal Enfield builds around the core values of the brand — timelessness, craftsmanship and the true love for motorcycling. The retail building with its Zinc Roof, Laterite Infill Walls and the Distinctive Charcoal Grey Metal and Glass Façade effortlessly bridges its setting with Industrial Craftsmanship.more
Cement prices may increase by up to 10% in next 6 months: CMA
Cement prices could go up by up to 10 per cent in the next six months in order to compensate for the increased fuel and transportation costs, according to a top official of industry body CMA. As per Cement Manufacturers Association (CMA), the industry has witnessed 14 per cent growth in the first half of 2018 -19more
31 Beautiful Computer Chairs That Are Comfortable And Stylish
The benefits of having a comfortable or better yet, an ergonomic computer chair are countless. The right chair can help ease back pain, loosen a stiff neck, and help prevent both muscular and nerve diseases all by keeping your body in the correct alignment. Since we find ourselves behind a computer desk more than ever, either for our job or personal use, a comfortable computer chair is absolutely imperative.more
sP+a constructs brick vaulted library for a school in india
Mumbai-based architecture firm sP+a has designed a brick vaulted library for a school in India. located in Kopargaon, a town in the state of Maharashtra, the structure’s narrow footprint is a result of the site, which sits between the school’s existing buildings. conceived as a formal extension of the ground plane, the scheme responds to children’s preference of landscape over man-made structures with an accessible roof.more
Sandstone house in Ahmedabad, India, by SPASM features secret gardens
Made of Dhrangadhra stone, a very common material in Ahmedabad, India, the private home designed by SPASM Design Studio is a cross in plan, which allows for easy ventilation and the possibility of a seamless connection with the outdoors. This frame allows the home to be immersed within the greens, considered imagery and landscape will form the surrounds of the construct.more
This Pune restaurant’s interiors shows us why concrete is still cool
Sprawling across a 2300-square-foot space, Barometer in Pune is most definitely not shy of space. Amoeba Design Studio wanted to create a comforting, rustic setting in the heart of the city that wouldn’t compromise on sophistication. Cleverly restricting the elements to concretemore
Bengaluru: This brand new brewmill was once an actual mill
Bengaluru is no stranger to breweries, but it’s a great new concept that can make all the difference. XOOX (pronounced Zooks) Brewmill is a ‘live craft brewing space,’ in Koramangala, spread across 15,000 square feet and three floors. Besides being able to see your beers being brewed in real time, the varied experiences across each of the seating zones and live entertainmentmore
Steel Minister asks PSUs to match pvt players to ramp up steel production
In order to emerge as a competitive force internationally in steel sector, Indian PSUs will have to follow practices of private sector firms that account for 80-82 per cent of the domestic production, Union Minister Chaudhary Birender Singh has said.more
JSW Steel crude steel output grows 8% in August
JSW Steel today said its crude steel output grew 8.3 per cent to 14.48 lakh tonne (LT) during August 2018. The company's crude steel production was at 13.37 LT in August 2017, it said in a filing to BSE. Last month, the production of flat rolled products was almost flat at 9.81 LT against 9.79 LT in August 2017
Aluminium producers seek parity in levies
Aluminium imports climbed by a fifth in the first quarter to more than half a million tonnes after the imposition of US tariffs, with more such shipments likely, triggering a demand from local producers for protective levies. The industry also wants preference for local aluminium in all government and Make in India projects, as with steel.more
Wooden Slats, Glass Walls and Modern Grandeur: Gallery House in India
Creating a refined urban retreat that is surrounded by greenery in Chhatarpur, New Delhi, the Gallery House is all about open design, luxury and visual connectivity between the interior and the outdoors. This expansive residence set on a lovely quarter-acre lot uses a variety of materials that give it a unique, yet curated appeal.more
NUDES wraps a mosque in india with a perforated skin of traditional islamic patterns
Mumbai-based architecture office NUDES explores traditional Islamic geometric patterns in the Mashrabiya mosque. Located on a compact plot in Pune, India, the structure is lifted on stilts, creating an all-weather social area on the ground floor, while spaces for prayer and ablution, service zones, and other social functions occupy the upper level.more
M9's studio in Bangalore features colorful murals with the designers at work
Set in an abandoned attic space in an industrial suburb of Bangalore, India, the new office of design studio M9 creates a personal, unique, and inspirational workplace for each employee. Seeking to reveal their style of architecture and design through the space, the designers have painted the raw concrete walls with colorful illustrations depicting themselves going through the design process with helmets, trolleys, and ladders.more
Vast grid of filter towers proposed across Delhi to combat toxic smog
Dubai-based architecture studio Znera has developed a concept for a network of 100-metre high towers that would absorb smog and clean Delhi's choking air. Called The Smog Project, the proposal envisions a grid of towers that could absorb pollution from the atmosphere, with each building creating a 1.2 mile radius of semi-clean air.more
Jindal Stainless Group aims 15-20pc jump in topline in FY19
The Jindal Stainless Group -- Jindal Stainless Ltd and Jindal Stainless (Hisar) Ltd -- is aiming at a 15-20 per cent jump in topline in the 2018-19 fiscal, betting big on higher value-added product mix. The Group's turnover during the last fiscal was around Rs 20,000 crore from sales of 1.4 million tonnes of steel products.more
GVK invites bids for engineering, construction at planned Navi Mumbai airport
The GVK-led Navi Mumbai International Airport (NMIA) has sought expressions of interest from companies for construction, procurement and engineering at the airport project. The last date for responses is September 10. The Rs 16,000 crore NMIA project, being set up in Panvel on the outskirts of Mumbai, will be built on 1,160 hectares of land in phases.more
SAIL scouting for location in 3 states to set up Rs 5,000 crore autograde steel plant
Steel PSU SAIL is considering locations in three states of Gujarat, Andhra Pradesh and Maharashtra to set up Rs 5,000-crore autograde steel plant in joint venture with ArcelorMittal, Steel Minister Chaudhary Birender Singh said today. "SAIL people say that there are three places they can consider for putting up that plant.more
L&T construction arm bags orders worth Rs 1,904 crore
Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,904 crore across business segments in the domestic and international markets. L&T said its power transmission and distribution business has bagged multiple orders worth Rs 1,723 crore.
Moderate risk of global trade war on domestic steel companies: Ind-Ra
India Ratings and Research (Ind-Ra) has said there is a moderate risk of global trade war with domino effect due to US trade restrictions on steel imports but rebounding steel margins could help domestic steel companies withstand the challenges.more
Old south Mumbai bungalows jostle for space among skyscrapers
The luxury property market may be waning in India’s financial capital, but there’s no dearth of takers for old, iconic bungalows in south Mumbai, typically priced between Rs. 200 and Rs. 400 crore. At least ten such marque bungalows are up for sale, especially at posh neighbourhoods such as Nepean Sea and Carmichael Road.more
NBCC may take up stranded projects of Jaypee, Amrapali
After years of frustration and disappointment, a possible solution may be in sight for the harried home buyers in Jaypee Infratech and Amrapali projects in Noida. State-run NBCC (India) is likely to take up the projects to ensure their completion, and hand them over to their bona fide owners, said government officials familiar with the development.
Kumar Mangalam Birla wants Ohio aluminum maker. Will Donald Trump approve?
On Thursday, the Aditya Birla Group, announced that its aluminum and copper subsidiary had struck a deal to buy Aleris for $2.6 billion, including the assumption of existing debt. The transaction would make the Birla subsidiary, called Hindalco, the second-largest aluminum producer in the world by volume, after China Hongqiao Group.
Hometown’s Mumbai office is a wooded wonderland for its employees
Clients don’t approach Samira Rathod, of Samira Rathod Design Associates, without doing their homework first. At least one hopes not. They’d simply be turned away. Rathod has no time, and very little patience, with demands for meaningless fluff in design. For her, it’s always about function.more
L&T bags Rs 3,000 crore construction jobs
Larsen & Toubro has bagged construction orders worth Rs 3,000 crore, the engineering major said in a statement Friday. The orders are for construction of buildings and factories.more
Explore 70 years of Indian handmade textiles at Jawahar Kala Kendra, Jaipur
An exquisite narrative on textiles seems to be unfurling at The Museum Galleries, ensconced within the Jawahar Kala Kendra, Jaipur. A beautiful water lily design, block-printed on cotton, by Anokhi, Jaipur, shares space with an ikat scarf, designed by Abraham & Thakore, which was part of their first collection.more
Bhushan power lenders choose Tata's bid
Lenders decided to toss out the plea of Bhushan Power & Steel promoter family - the Singals, and Liberty House to re-consider their bids for the company, and decided to go ahead with handing over the firm to Tata Steel which won the bid in bankruptcy court, said two people familiar with the development.more
Indiabulls realty arm to transfer 24 acres in Panvel to MMRDA
A unit of property developer Indiabulls Real Estate is transferring a 24-acre land parcel in Panvel near Mumbai to the Mumbai Metropolitan Region Development Authority (MMRDA) as part of the town planner’s rental home project under the affordable housing scheme.more
India's finished steel export slumps over 25% in April
India's export of finished steel slumped by 25.2 per cent to 0.558 million tonnes (MT) during April 2018, according to a report. The country had exported 0.746 MT finished steel during the same month a year ago, the Joint Plant Committee (JPC) said it its latest report.more
ICRA pegs wind energy capacity addition at 3-3.5 GW in FY'19
Wind energy capacity addition is estimated at about 3-3.5 GW in FY2019 and the viability of bid tariffs and inter-state connectivity will be key headwinds for developers, ratings agency ICRA said today.more
NUDES builds high school as monolithic mass 'punctuated' by voids in india
NUDES designs high school in Warangal, southern India, with fortified wall courtyards, linear planes and varying light conditions. The project features a monolithic building mass, punctuated with voids that harbor non-programmatic activities.more
NMDC, NLC to ink pact with Aussie ECT for USD 26 mn R&D project
NMDC Limited and NLC India Limited (formerly Neyveli Lignite Corporation) may invest over USD 26 million for setting up an R&D facility for developing innovative technologies in iron and steel making.
NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices
The National Company Law Appellate Tribunal (NCLAT) today declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process.more
Zowa Architects combines bamboo and glass for The Kumoan hotel in the Himalayas
Sri Lankan practice Zowa Architects has used bamboo canes to shroud the glazed walls of this boutique hotel in Uttarakhand, India, which cantilevers out to give optimal views of the Himalayas.more
Hotel chain Le Meridien channels tribal chic for its 146-room property in Goa
Usually, carpets are invisible requisites in hotel rooms. You don’t pay attention to it. But at Le Meridien Goa, Calangute, you should. Because they tell stories.more
Max Life buys office space in Pune for Rs 175 crore
Max Life Insurance Company has acquired an entire pre-leased commercial building spread over 1.79 lakh sq ft in Pune’s Magarpatta City from a high networth individual on an outright basis for about Rs 175 crore, said two persons with direct knowledge of the development.more
Supreme Court rejects Dalmia Bharat's plea challenging NCLT's Binani order
The apex court Thursday rejected a Dalmia Bharat plea that had sought a stay on an order allowing Binani Cement’s lenders to consider UltraTech’s revised bid, even as the resolution professional weighed the option of filing an appeal to seek the removal of ‘negative remarks’ contained in the May 2 directive.more
Rooftop solar panels must in all govt buildings in Haryana
The Haryana government is going to make it mandatory for all public buildings, like schools, health centres, offices etc., to have rooftop solar panels as part of a state-wide project that will be first implemented in Gurugram and Faridabad.more
A Colour Rich Indian Home With Concrete Architecture And Interiors
Designed by Dipen Gada & Associates, this modern house is composed of patterned concrete and exposed brick. Situated on a much loved 4010 square foot green plot in Vadodara, India, the ambitious goal of a 5350 square feet home was achieved by designing the dwelling as a 3 floor structure.more
Aster Cucine introduces an open kitchen concept dominated by curves
Italian kitchen brand Aster Cucine, known for its contemporary kitchen collections, has introduced a range of curvy, sinuous kitchen cabinets and modular finishes that can transform your kitchen from a functional space into one that’s bursting with sophistication. With the need for smart, compact designs in modern living spaces, open kitchens have become almost a mandate.more
Matra Architects creates holiday home with peaked roof and Himalayan views
The timber-clad roof structure of this house in the foothills of the Himalayas features a pointed peak incorporating skylights that allow daylight to flood an open-plan interior arranged over stepped levels.more
Offices in a converted warehouse centre around suspended concrete staircase
A concrete staircase overlooked by a glazed showroom and library forms the centrepiece of this headquarters for a textile brand in Mumbai designed by SJK Architects. The offices for Synergy Lifestyles are housed in a former warehouse in the mill area of the Indian city's Kalachowki neighbourhood.more
Dilip Buildcon signs agreement with NHAI for Rs 2,992 cr projects Read more at: //economictimes.indiatimes.com/articleshow/63901043.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Highways builder Dilip Buildcon today said its SPV has entered into a pact with NHAI for Rs 2,991.70 crore projects in Karnataka. A special purpose vehicle (SPV) Ashoka Mallasandra Karadi Road Private Ltd has entered into a concession agreement with National Highways Authority of India (NHAI) for four-laning of Tumkur -- Shivamogga section of NH 206 from Mallasandra to Karadi Village on hybrid annuity mode.more
Berger Paints to invest Rs 200 cr in an integrated paint plant in UP
Berger Paints today said its board has approved an investment of Rs 200 crore to set up an integrated paint manufacturing plant in Uttar Pradesh.more
Power litigation financial burden on Punjab: CII chairman Sachit Jain
The CII Northern Region chairman Sachit Jain told that the matter would top the agenda during the industry body’s forthcoming meeting with Punjab chief minister Amarinder Singh. Jain said that resolution in such cases will avoid financial burden on exchequer and promote additional investments in the state.more
We can easily get Rs 1.5 lakh crore by monetising 100 national highways: Nitin Gadkari
The government is planning to raise Rs 1.5 lakh crore by monetising all existing national highways, making it the largest ever divestment drive, road transport and shipping as told by minsiter Nitin Gadkari. The minister said he was also in talks with South Korean giants like Samsung to set up ship manufacturing facilities in India.more
IKEA supports marginalised women in India with handmade homeware collection
Banana-fibre baskets and handwoven textiles feature in IKEA's seventh Innehållsrik collection, made in collaboration with small-scale producers in India. The indigo-themed Innehållsrik collection is spearheaded by the Swedish brand's IKEA Social Entrepreneurs initiative – a programme set up in 2013 to establish long-term partnerships with social enterprises that help marginalised people all around the world.more
Building a fancier, yet sustainable future
Chennai, even before it came to be known as Madras, has been the hot bed for several styles of architecture. From Dravidian designs and colonial style to art deco and high-rises, the city boasts of various buildings that prove the land has witnessed style innovations. Over the years, we’ve lost many of the landmarks to time, and nature.more
This law office in Pune pushes the boundaries of design
Architecture firm Studio Course crafted a contemporary law office within a transparent, woodsy wonderland. While many law offices across India adopt a traditional décor, replete with oversized leather chairs, chunky wooden bookshelves and framed artwork, architecture firm Studio Course—helmed by Principal Architect Kalpak Shah—took a different approach when called on board to design a law office, MJ & Partners, in Pune.more
Shimla gets its first grid-connected solar plant
Himachal Pradesh Chief Minister Jai Ram Thakur recently inaugurated the first grid-connected solar power plant in Shimla having a capacity of 35 KW, installed on the rooftop of the Department of Environment, Science and Technology. The power generated by the solar plant would be consumed by the building and remaining power would be sold to the Himachal Pradesh State Electricity Board Limited.more
Amrapali needs Rs 2,000 crore to finish 9 NCR projects, Supreme Court told
The Supreme Court was told on Wednesday that real estate giant Amrapali will need to invest around Rs 2,000 crore to finish nine projects in Noida and Greater Noida, which are on the verge of completion, dampening the hopes of thousands of homebuyers to get possession of their flats any time soon.more
Zaha Hadid Architects to Design Navi Mumbai International Airport
Zaha Hadid Architects (ZHA) has won an international competition for the design of the Navi MumbaiInternational Airport (NMIA). A long-awaited infrastructural project for India’s largest city, the scheme addresses capacity issues for the existing Chhatrapati Shivaji International (CSI) Airport, which features a terminal designed by Chicago-based SOM.more
India to achieve 60 GW wind capacity before 2022, say manufacturers
The Indian wind industry is on course to achieve the government's 60 GW capacity target ahead of the 2022 deadline as it has already crossed 34 GW mark, the Indian Wind Turbine Manufacturers Association (IWTMA) said today.more
BHEL bags Rs 4400 cr contract from Uttar Pradesh
State-run Bharat Heavy Electricals Ltd has bagged Rs 4,400 crore order from Uttar Pradesh for setting up 660-mw supercritical thermal power plant. The order has been placed on BHEL by Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), an official statement said.more
AC makers Voltas, LG expanding production by up to 20% to meet demand this summer
Air-conditioner makers such as Voltas, LG, Daikin and Godrej are expanding their production by up to 20% with warm temperature in west and south pushing demand by over 15% in February and Met office forecasting a harsh summer this year. The white goods industry, which has been battling poor sales for over six months, expects air-conditioner sales to grow almost 20% this summer based on early sales trend and forecast by India Meteorological Department (IMD) of average temperature being above normal by more than one degree Celsius in most of the country from March to May.more
Samsung brings world's first 'wind-free' air conditioner to India
Samsung India on Thursday announced to bring the world's first "Wind-Free" air conditioner to the country, starting from Rs 50,950. The AC provides ideal condition to room temperature with the help of 21,000 micro air holes, without the discomfort of direct airflow and also reduces energy consumption by up to 72 per cent, the company said in a statement. "In the air conditioning segment, direct cold air dispersion and sky-rocketing electricity bills are two problems.more
India Power Conferred with Innovation Award in ISGW 2018
India Power Corporation Limited has been awarded in the Special Category of ISGF Innovation Awards 2018, recently held in New Delhi. ISGW 2018 (India Smart Grid Week) is the fourth edition of the Conference and Exhibition on Smart Energy and Smart Cities, organized by India Smart Grid Forum (ISGF).more
L&T construction arm bags orders worth Rs 2,597 crore
Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 2,597 crore across business segments. L&T, in a BSE filing, said its transportation infrastructure business has secured an order worth Rs 1,047 crore.more
Godrej Appliances wins Rs 207 crore contract by the Energy Efficiency Services Ltd
Godrej Appliances has won a contract worth Rs 207 crore by the Energy Efficiency Services Ltd (EESL) to supply, install and commission 52,000 inverter air-conditioners for government and railway establishments. EESL is a joint venture of NTPCBSE 0.06 %, Power Finance CorporationBSE -2.20 %, Rural ElectrificationBSE -7.37 % & Power Grid CorporationBSE 1.46 % and works under ministry of power.more
How Asian Paints leveraged digital innovations to become customer centric
Asian PaintsBSE -0.35 % is a company that reinvents itself every generation. To those growing up in the 70s-80s, Asian Paints was India’s largest paint manufacturer. A generation later, in the early 2000s, the company expanded its product portfolio from paints to decorative coating. Vertical integration then saw the company diversifying into chemical products which are used in the paint manufacturing process.more
Pergo introduces engineered wood flooring collection – Wood Parquet
Pergo first introduced and invented laminate flooring 35 years ago and has been refining its exceptional qualities ever since. The company adds yet another feather to its hat by unveiling its latest product, Wood Parquet. Pergo has always aimed at making the best use of natural resources in its products.more
RAK Ceramics to build third plant to double capacity in India
RAK Ceramics, among the world’s top five producers of ceramic tiles, plans to build a third plant in India to almost double its production capacity there next year, according to the company’s chief executive.more
Junckers launches Beech Sylvared Flooring
Junckers, the premium solid hardwood flooring brand from Denmark has launched exclusive and exquisite Beech Sylvared collection of flooring to accentuate the living space.
The Beech Sylvared collection is especially exotic wood species which has a warm reddish colour that is high in demand in the market.more
Fungus used to build arching pavilion in Kerala
A group of Indian and Italian architects has built a pavilion in southwest India using mushroom mycelium, to demonstrate how the material could be used to create temporary venues for major events.Asif Rahman of Indian studio Beetles 3.3, and Giombattista Arredia and Mohamad Yassin of Italian architecture studio Yassin Arredia Design teamed up to create the Shell Mycelium installation in Fort Kochi, in the state of Kerala.more
The Astonishing (Vanishing) Stepwells of India
For nearly fifteen-hundred years, stepwells were perhaps the most significant structures in their communities, but their importance didn’t guarantee them a secure future. Only a relative handful have been preserved and carefully maintained, one of which—the incomparable Rani ki Vav in Gujarat—was designated a UNESCO World Heritage Site in 2014.more
Daikin starts operations at second factory in Neemrana
Airconditioner-maker Daikin has commenced operations at the second factory in Neemrana, Rajasthan, in which the company has invested around Rs 750 crore, it said in a statement today.more
French furniture brand opens flagship store in India
French luxury furniture brand Maison has launched its first store in India. Spread across 4,000 sq. ft, the brand will showcase a blend of classic, timeless, clean curves combined with straight lines with a contemporary twist.more
Modo designs' open house is a resort-like retreat developed in a classy indian locality
This weekend house is meant as a retreat place for a Guajarati family and is located in the western locality of the Ahmadabad in India. One of the specifications given by the client was to develop the residence as a small resort. Keeping this essential brief in mind, the house is designed as two blocks separated by open to sky space.
Modo designs‘idea is to allow natural elements flow into the blocks and engage the users, thereby connecting them to nature. The front block has the living, dining, and terrace area which are more public in nature and are interpreted by a glass pavilion. The rear block houses the private bedroom spaces and kitchen,
made in earth completes concrete block music and art center in india
naples-based practice made in earth shared with us images of the new music and art center (M.A.C) in the southern town of tiruvannamalai, india, designed and executed in collaboration with the non-profit terre de hommes core trust. part of a larger network of local interventions that make up the ethos of the design firm, the cultural center is the newest and largest addition to the community. the design began as a study of pragmatism, looking at the available materials and local skill labor – which would construct the project – as well as a form that functioned efficiently and maintainedmore
KiTEC R & D Unit Recognition
The Department of Scientific and Industrial Research (DSIR), Government of India, issued the Certificate of Registration on TU/IV-R&D/4138/2016 w. e. f. 21 March 2017 recognizing KiTEC R & D arm as “In House R & D Unit”. The certificate is valid from 21 March 2017 to 31 March 2019 meaning three financial years. Innovation is a continuous process and a major growth driver formore
This Concrete Furniture Hardware is Inspired by Carlo Scarpa's Architecture
Material Immaterial Studio has unveiled MIRAGE, a series of concrete furniture hardware inspired by the works of architect Carlo Scarpa.
The MIRAGE series is made up of concrete handles, knobs, and robe hooks, all of which aim to create character through light and shadow. Some of the pieces, with a zigzag pattern,more
North Chennai project on final stage of approval
Mahindra Lifespace Developers Ltd, through its subsidiary Mahindra World City Developers Ltd has signed a Joint Venture with Japan's Sumitomo Corporation to set up an industrial park at Ponneri in North Chennai.
"Our North Chennai project is in the last leg of approval. It is actually in NH-5. First phase will be of 250 acres", Mahindra Lifespace Developers Ltd, CEO.
Global Luxury Realty Conclave: Window to Global Luxury Real Estate
Fluctuating market dynamics and unpredictable global situations are the key factors that impact and influence the Real Estate industry. North India Sotheby's International Realty will debate and discuss the future of the Global Luxury real estate market at its first ever Global Luxury Realty Conclave in association
the villa dodia by NUDES 'sails' through the indian countryside
NUDES architecture and design studio has constructed a ship-like house in lonavala, near mumbai, india. flanked by picturesque hillside terrain and a natural water catchment area, the design aims to prioritize open, outward facing elements over more enclosed, indoor spaces. according to the studio, the unique design is intended to ‘transport the users and sail through stunning landscapes’.more
the villa dodia by NUDES 'sails' through the indian countryside
NUDES architecture and design studio has constructed a ship-like house in lonavala, near mumbai, india. flanked by picturesque hillside terrain and a natural water catchment area, the design aims to prioritize open, outward facing elements over more enclosed, indoor spaces.more
Andhra Pradesh Water Resource minister encourages builders to make housing affordable
Water resources minister Devineni Umamaheswara Rao said real estate developers have the responsibility to bring housing within common man's reach, especially now as land prices have fallen after demonetisation. He said builders should use latest technologies and bring down construction expenditure.more
Citizens back petition for buyer-friendly RERA rules in Maharashtra
Over 1,000 representatives of societies in Pune gave their views on the state’s Real Estate (Regulation and Development) Act (RERA) rules stating that it was “pro-builder”. The members and activists said the central rules should be followed and they should favourmore
Startups home in on 'co-living' trend in metros
A bunch of startups – in Gurgaon and Bengaluru – is growing a market for organised rentals. They take over properties, furnish them and then rent them out to people. You can take one room, or share it with someone — the choice is yours.more
India ranks third globally in LEED certified green buildings with 2,386 projects
India ranks third in US Green Building Council's annual ranking of the top 10 countries for Leadership in Energy & Environmental Design (LEED) certified buildings. The country had around 15.90 million gross square meters (GSM) of LEED-certified space.more
Blackstone buys 50% stake in Pune’s Westend Mall
US private equity major Blackstone Group acquired 50% stake in a 3.7-lakh sq ft retail mall Westend Mall in Pune's Aundh locality. With Blackstone's entry, the project is being proposed to be significantly expanded further.
Demand from commercial sector to drive turnkey solutions market
With the steady growth in the demand from commercial real estate, the interior turnkey solution market has witnessed a progressive trend in their sector. As commercial space demand surges, the sectormore
Demonetization will weed out fly-by-night developers: Rohit Gera, VP, CREDAI Pune
The real estate sector welcomed the Union government’s decision to put the brakes on black money and confirmed that the move would go a long way in cleaning up the real estate industry.Pointing out that the real estate sector is often identified with blackmore
Since demonetization, property registrations dip 37% in Maharashtra
There has been a 37% decline in property registrations across the state since the demonetization of Rs 500 and Rs 1,000 currency notes.As per the inspector general of registration and controllermore
Currency ban: Luxury realty sales to be affected most
While the currency demonetisation is expected to impact almost all the property segments, it is the luxury where the impact is expected to be accentuated. Experts expect a price correction in the coming months in the premium segment.
Home, land prices set to go down as govt bans old Rs 500 & Rs 1,000 notes
The much-awaited trigger for making homes affordable for end users is here. The government’s decision to ban Rs 500 and Rs 1,000 currency notes is expected to hit the real estate sector hardest. As a sector that’s known for menace of black money, real estate is now likely to move towards improved transparency.more
JJ colleges, sanctuaries of art & architecture, get autonomy
MUMBAI: The city's sanctuaries of art and architecture, long groaning under indifference, just got a new lease of life. The state government has decided to grant them autonomy, the freedom to design their own curricula, to raise finance and decide who should be on their advisory committee.more
Pune's Inorbit mall empties out, Amazon likely to move in
E-commerce giant Amazon is likely to occupy prime commercial space which has been vacated by nearly all the brands in Inorbit mall on the Pune-Ahmednagar road, according to sources.
Kharghar to be governed by Cidco, not PCMC: State
Kharghar residents, who were opposing the node’s inclusion in the newly-formed Panvel City Municipal Corporation (PCMC), have a reason to cheer. The latest draft notification by the Urban Developmentmore
Smart' makeover proposed for Pune railway station
Smart City Plans for the city may potentially impact the railway station and allied services. As a result, the railway station and adjoining areas will be redeveloped on Smart City lines to enhance passenger amenities, easy access, enabling optimalmore
Mumbai offices may see acceleration in rentals
The city’s office space occupiers will face upward revisions in rents in the coming years, said a JLL Global Real Estate Outlook report."Compared to Q2 2015 when Mumbai’s rental values had bottomed outmore
BKC land leaseholders in Mumbai seek 2 more years to complete projects
Leaseholders of plots in Mumbai's commercial business district Bandra-Kurla Complex (BKC) have requested the Mumbai Metropolitan Region Development Authority to review and revise the stipulated four years' time for completion of projects by another two years because of delay in receiving various approvals.more
Why buying ready-to-move-in house is better than under-construction property
The resale housing market, particularly the brand new, ready-for-possession segment, offers home-buyers a chance to side-step the risks of buying under-construction properties that are prone to inordinate delays. The usual 10-15% cost premium of ready-to-move in properties,more
Bidding for new Navi Mumbai airport closes on November 7
The two-part technical and financial bidding for the Rs 16,000 crore second international airport closes on November 7.Four parties that qualified for the technical bid will submit their documents early next month, said senior Cidco PRO, Mohan Ninawe.more
Real estate startup NoBroker forays into Pune
The Bengaluru-based property startup NoBroker on Thursday set foot in the city's property sales market. According to the startup - which already has a presence in the property rental segment - Pune residents needed a platform to buy property without having to pay brokerage charges.more
Largest office deal: Brookfield buys Hiranandani's Powai office portfolio for Rs 6,700 crore
Brookfield Asset Management has concluded the agreement to acquire Hiranandani Group’s offices and retail space in the tony Powai suburb for around $1 billion or Rs 6,700 crore, making it India’s largest office space transaction.more
Nashik property expo attracts over 1,000 visitors, 8 flats booked
The three-day property expo 'Punji- 2016', organised by the Confederation of Real Estate Developers Association of India (CREDAI), Nashik and its youth wing has attracted over 1,200 visitors.more
Land allocation for $100 billion DMIC project to begin in October; Ikea, Kia Motors eye plots
The $100-billion Delhi Mumbai Industrial Corridor, one of India's most ambitious infrastructure projects, will kick off land allotments next month and those eyeing plots are said to include big global investors like Ikea, Kia Motors and China Railway Construction Corp.more
Land allocation for $100 billion DMIC project to begin in October; Ikea, Kia Motors eye plots
The $100-billion Delhi Mumbai Industrial Corridor, one of India's most ambitious infrastructure projects, will kick off land allotments next month and those eyeing plots are said to include big global investors like Ikea, Kia Motors and China Railway Construction Corpmore
Solar cos, landowners going for leasing model
Solar project developers have found a solution to the land acquisition issue dogging the sector. Instead of buying land for their projects, these developers are entering into 25 to 30 years lease rental agreement with landowners.more
New smart city list a huge boost for realty sector: NAREDCO
Realtors' body NAREDCO today hailed the government's announcement of 27 more cities for the development of smart cities, saying the move would provide business opportunities for the real estate developersmore
Haryana notifies VAT at 1% on real estate developer, contractor
Putting an end to speculation over value added tax (VAT), which has emerged as problem area for home buyers and developers, the Haryana government has notified VAT at the rate of 1% for real estate projects built till March 31, 2014.more
Delhi International Airport invites bids for building a hotel close to Terminal 3
Operator of Delhi airport has called for bids for construction of a hotel adjacent to Terminal 3, kick-starting what could be a fiercely competitive race to bag the contract for the country's first airport terminal hotel that will be open to all.
700 old buildings in Mumbai's Kamathipura may turn into 24 swank towers
Kamathipura is losing its character. If all goes according to plan, within a few years it will have traded its hovels for snazzy high-rises. The proposed cluster redevelopment includes two-thirds of this central location, but leaves out most of the infamous red-light section.more
Want to build a sustainable house? Opt for a mud hut
Traditional mud huts make for beautiful imagery in rural landscape. But very few actually exist. What's more, there are just a handful of people who know how to build them. Those who live in handmade mud huts are the poorest in the village.more
Green ministry wants NCR forest cover at 20%
The environment ministry wants the forest cover to be increased to 20% in National Capital Region (NCR) from the present 6%. It also wants the most polluting industries, which have been put under 'red' category, to be shifted out of populated areas.
London delegation meets Ludhiana mayor on housing scheme
A delegation from London met city mayor, Harcharan Singh Gohalwaria on Thursday and offered consultancy under the housing for all scheme. The delegates were from a consultancymore
Soil testing a must before allotment of plots for group housing’ of NGY region
he district administration has written a letter to all the three authorities for ensuring the compliance of Disaster Management Act 2005 in development of any group housing society. District magistrate (DM) N P Singh said that themore
Slow take-off for Chennai Smart City
The Chennai Smart City project is expected to be delayed as local body officials said that the project feasibility remains to be studied. This could push the implementation of pan citymore
Ghaziabad entrepreneur pledges to turn city balconies green, one apartment at a time
Living in the heart of a high rise apartment complex, one fine day Anushree Singh had a brainwave of sorts. Why can't the high rise residents convert their balconies to resemble gardens? At least that would give them a semblance of being close to nature. The sheer disconnect with nature wasmore
Residents' welfare association in Kochi, bags award for zero waste
Union urban development minister Venkaiah Naidu conferred the award for the best resident's association in India to Jawahar Nagar Residents' Welfare Association in Kochi.more
Realty firm Brigade's incubation centre to focus on nano technology, logistics start ups
Property developer Brigade Group said it is focusing on nano technology, logistics and supply chain management among others in its planned real estate accelerator programme at its incubation centre.more
Homes that help start new life at 60
Raghav Prabhu finally lived his dream before an appreciative audience of 50-odd neighbours at their senior housing campus last month. Now he's thinking of starting a band.more
Luxurious amenites prove to be a costly affair for housing societies
Luxurious amenities like swimming pools, club houses, gyms that were used to lure home buyers into pruchasing flats in plush complexes have now either being gathering dust or being shut for lack of usage.more
Commercial realty’s current demand recovery more sustainable than seen in 2011: JLL India
The recovery in demand for commercial real estate being witnessed across the country since 2015 more sustainable and long-term in comparison with the one witnessed inmore
Real estate investment by ultra HNIs rise to 28% in FY16 on sluggish equity market
The number of Ultra High Networth Households (UHNH) in India increased 7% to around 146,600 in FY16, according to the latest report Top of the Pyramid by Kotak Wealth Management.
Process to build 21,365 flats under Housing For All scheme begins in Nagpur
The Nagpur Improvement Trust (NIT) has started the process to construct 21,365 flats for lower income group (LIG) people under the centralmore
Apple leases more than 40,000 sq ft office space in Bengaluru
Apple has agreed to lease more than 40,000 square feet of office space in Bengaluru, where the US-based iPhone maker intends to set up a development centre, three people familiar with the matter said.more
Rs 200 crore likely to be spent on Indore Smart City plan in FY17
Authorities have started working on the Rs 5,108 crore-worth Indore Smart City project and nearly Rs 200 crore are expected to be spent on it this financial year.
Startups coming up with virtual reality solutions as companies embrace new technology
Consider this: you have just purchased a parcel of land to construct your dream house.Now, imagine being able to walk into your yet-to-more
Eco-friendly homes, but costly too
It seems the mantra of 'go green' has struck gold and people are now keen to own houses that use non-toxic paints, burnt bricks, stones, wood and clay as construction materials. But to own an ecomore
Mussoorie Dehradun development body's master plan 2025 includes 10 villages
As part of its plan to tame unplanned urbanization in the outskirts of the city, the Mussoorie Dehradun Development Authority (MDDA) recently decided to bring 10 villages under its overall master plan 2025.more
Online building plans of two commercial projects in Jaipur approved
In a smart move towards the smart city, the urban development and housing (UDH) department approved online building plans of two commercial projects on Tuesdaymore
Goa CM says 90% of constructions in state are unauthorized
In a shocking revelation, Goa Chief Minister Laxmikant Parsekar on Sunday said 90 per cent of total constructions in the coastal state are "illegal" and people staying in them live under fear of demolition.more
Mumbai civic body to survey all properties to widen tax net
The Brihanmumbai Municipal Corporation (BMC) has decided to soon start a survey to assess properties to increase the tax net. Using the Light Detection and Ranging (LiDAR) technology and video-recording with a 360 degreemore
Govt to promote regional planning for housing demand
Government will promote regional planning for construction of houses in satellite townships, peri-urban and peripheral areas to meet the housing demand in urban areas. Housing minister Babul Supriyo inaugurated an international workshop onmore
General launches new range of ACs for India
General launched a new ,range of hyper-tropical, energy saving and eco-friendly air-conditioners perfectly suited for Indian climate. The new range was launched in a glittering event held in Hyderabad on 25th February. The new range of air-conditioners includes Hot & Cold Inverter Split ACs, 5-Star Hyper tropical Split ACs...more
Govt ignoring key tips on building rules: IIA Goa
Goa chapter of Indian Institute of Architects (IIA) said important suggestions and recommendations regarding the Goa land development and building construction (amendment) regulations, 2010, have not been incorporated by the government, weeks after town and country planning (TCP)more
Curbs mooted for houses in coastal buffer zone in Kerala
The state government has proposed restrictions on house construction by fisherfolk in coastal buffer zone, as a preventive measure to avoid damage to life and property. "Only such a step could prevent destruction due to coastal erosion especially during monsoon season," said fisheries minister J Mercykutty Amma.more
300 foreign companies keen to help Pune for Smart City projects
Nearly 300 companies from 35 different countries are keen on joining hands with the Smart City projects of Pune.
These firms will provide solutions with respect to traffic, garbage management, water supply, sanitation and drainage.
Price of river sand goes up post election, realty industry blames political nexus
A sudden spike in the price of sand has affected the construction sector in the region. However, industry sources claim that the price rise is an artificial creation.
Learning portal to be launched for city officials planning Smart City projects
In its bid to help cities and municipal bodies learn and adopt best practices for implementing Smart City projects, the urban development ministry is now launching "SmartNet", an interactive web portal featuring database of global, national and local solutionsmore
Now, BMC allows construction activity till 10pm, activists decry expected rise in din
The city is going to get noisier. Builders can now carry out work on their construction sites till 10 pm. On Tuesday, municipal commissioner Ajoy Mehta issued a circular stating that work on building projects will be allowed between 6am and 10pm.more
New building code aims at access for the disabled
The new National Building Code (NBC) will, for the first time, have a detailed chapter on making buildings and urban sites "accessible" and "barrier-free" for the elderly and persons with disabilities.more
Architects oppose Mumbai civic body's move to grade them
he BMC's decision to grade architects on the basis of their past performance has not got down too well with them. Protesting the civic body's decision, an association of architects from the city stated that it will challenge the decision before the appropriate authority.more
4,700 acres of Sahara land put up for sale
In perhaps the biggest pan-India sale of land, over 4,700 acres held by the Sahara Group across 14 states have been put on the block by HDFC Realty and SBI Capital Markets.
The sale is expected to fetch around Rs 6,500 crore.more
Snapdeal partners with Puravankara Projects to sell ready-to-move-in homes on its platform
Snapdeal, one of India's largest online marketplace, has partnered with Puravankar Projects, one of the country's top 5 listed real estate developers, and property consultancy firm JLL India, to sell apartments on its e-commerce platform.more
30% recreation area in all Mumbai buildings must be kept in natural state to boost ground water: Draft DP
The BMC proposes that builders must keep 30% of every building's recreational open spaces (ROS) on the ground in a natural state without paving it to ensure rain water percolates and maintains the ground water level.more
Registration of property to be a click away in AP soon
Property registration in Andhra Pradesh will soon become a simple, short, and hassle-free process. The entire registration process will be completed within an hour.more
Chinese agency may help Aurangabad Municipal Corporation develop greenfield area
Chinese experts may help the Aurangabad Municipal Corporation develop a greenfield area here under the smart city project.more
Rashtrapati Bhavan to turn 'smart' with IBM solution
Rashtrapati Bhavan has partnered with IBM to transform the Presidential Estate into a smart township. IBM has setup an Intelligent Operations Center (IOC) to monitor and enhance the efficiency of critical infrastructure and utilities at Presidential Estate spread across 330 acres of land.
Builders increase focus on commercial realty
Real estate developers are increasing their focus on commercial real estate, which saw a record sale of around 36 million sq ft last year.
The rising interest is also generated by falling vacancy rates and constrained supply of grade A office spaces as most developers have not launched any major commercial project since 2009.
Transparent wood could be the construction material of the future
Wood is the preferred choice of construction material for numerous things, including furniture, wall panels and flooring. However, it could be soon used for fabricating windows, optical equipment and a lot more as welmore
Rainwater harvesting drive to be launched in Nagpur on May 27
Sudhir Raut, standing committee chairman of Nagpur Municipal Corporation (NMC), has decided to launch rainwater harvesting drive in the city. It will start from May 27 on the occasion of birthday of union transport minister Nitin Gadkari in Ramna Maroti ward. Other localities in central Nagpur will be covered in the coming days. In the second phase, other parts of the city will be covered.more
Delhi-NCR witnesses 62 percent rise in new home launches in Jan-Mar
Launches of new homes increased by 62 per cent to 4,600 units in Delhi-NCR during January-March period despite sluggish demand and huge unsold stocks, according to property consultant Cushman & Wakefield.
Of the total launches, over 40 per cent were seen in the affordable housing segment.more
Mumbai civic body proposes parking slots for even 1BHK flats
The Brihanmumbai Municipal Corporation (BMC) will give builders the option to construct parking slots even for a compact 1BHK flat free of floor space index (FSI) across the city. Earlier, it was limited to specific areas. Experts feel it will not benefit middle class home buyers, and builders may manipulate it for extra earnings.
Builder must specify delivery date in deed: Court
A property developer is legally bound to mention a firm date of delivery of possession of flat in the agreement for sale with the buyer. Such dates can not be the date before the developer secures completion certificate for the property from the local body.more
DDA invites private firms for theme parks
The Delhi Development Authority (DDA) plans to develop some of its district parks as theme-based urban parks. For this, the land-owning agency has invited expression of interest from private firms.
Officials said that these parks will be developed as per the international standards on self-sustaining financial model.
New rules mandate Nagpur civic body to recycle construction waste
Construction and demolition materials can be seen dumped by builders or individuals by the roadside, open places, open plots etc. Nagpur Municipal Corporation (NMC) lifts, transports and dumps this material at Bhandewadi dump yard by paying private operator Kanak Resources Management Ltd.more
Dharamshala to get its own expressway
Dharamshala town which is home to spiritual leader Dalai Lama and known for its scenic cricket stadium will now be connected via the Dhauladhar expressway and is set to receive Rs 360 crore from the Centre for development of the project. Dharamshala, the third most visited hill town in the state will be under the Dhauladhar tourist circuit. Annually, over 15 lakh tourists visit the town. A large number of them foreigners.more
Smart city project: 40 cities to be selected in second round
Forty cities will be selected for the second phase of the Smart City Mission, which is likely to be announced by June, Rajya Sabha was told on Thursday.
The first batch of 20 cities, including Bhubaneshwar, Pune, Ahmedabad, Chennai, Bhopal and NDMC area of Delhi, were selected for Narendra Modi government's flagship smart city project in January.
No room for further cuts in home prices, say realtors
Responding to Reserve Bank of India Governor Raghuram Rajan's call to builders to cut home prices to stimulate housing demand, real estate developers and industry experts said there is very little wriggle room for any further price cuts.
All residents must have access to common areas: Court
Common areas in a housing block like terrace or parking space cannot be under the exclusive control of just one flat owner. These areas should be available for the use of all those who live in the same block, a trial court has said.
The court's order assumes significance as there is no legislation regarding the usage of such areas.more
Three co-founders quit Housing.com, plan to start new venture
A month after co-founder Advitiya Sharma left real estate portal Housing.com, three more founders Abhishek Anand, Ravish Naresh and Sanat Ghosh have put in their papers, according to Livemint.
Anand was the chief technology officer of Housing.com, Naresh was the chief executive officer of IREF (Indian Real Estate Forum), which was acquired by Housing.com last year, and Ghosh was the assistant vice-president of product.
With no takers for Dharavi redevelopment, deadline extended
The state government's ambitious Rs 22,000 crore Dharavi redevelopment project has not received a single bid. The Dharavi Redevelopment Authority (DRA) had invited global tenders and April 20 was the last date for submission of bids.
"At 1 pm, the deadline for submission, we had not received a single bid
Google leases 1 lakh sq ft office space in Bengaluru
Google has taken 1 lakh square feet office space on lease in Bengaluru's Bagmane World Technology Centre to expand its business in India as part of chief executive Sundar Pichai's plans to tap into the local market and engineering talent.
The American search engine company struck the deal for the office space recently, three people aware of the matter said on condition of anonymity.more
New Delhi’s Lutyens Bungalow Zone set to shrink in size; 8 posh areas to be excluded
New Delhi's Lutyens Bungalow Zone arguably India's most privileged urban enclave is set to shrink, and the country's capital will witness a real estate paradigm shift. Lutyens Bungalow Zone (LBZ) houses the country's political super elite as well as residences of some of India's richest business barons. But the Delhi Urban Art Commission (DUAC) a body that takes big calls on the city's development has dismissed objections from conservationists and prominent Delhiites and has recommended that eight super-posh residential areas be excluded from LBZ.
Click and buy: Why India’s surfing on online real estate deals
Real estate and gold-two most conventional forms of 'savings' for Indian mindset-have set the order since ages. They are what signify great economical well being, and planning for the future is never a disappointment when you bet your money on them.
The great Indian middle class that has been riding on the prowess vested in them by the neo economical windfall, has been equally enticed by conventional methods of investments.more
Zara leases largest retail space by foreign brand in India
In the largest ever space transaction by any international retailer on high streets across the country, Spanish fashion chain Zara has picked up 50,000 sq ft carpet space in South Mumbai's most prime location of Flora Fountain, said two persons familiar with the development.
The world's biggest fashion retailer has leased the space on the ground floor of Ismail Building diagonally opposite HSBC's India head office located in Fort.
Nagpur civic body taxing 90% of your floor area instead of 85%
The property tax has increased up to 2-3 times for residential properties and 5-6 times for commercial properties under new tax system based on ready reckoner value. However, NMC has also quietly increased property tax for everyone by reducing the standard deduction for floor area from the earlier 90% to 85% in the new system.more
Entrepreneur Tanmay Bathwal's Beetle Smartotels to roll out portable hotels
Entrepreneur Tanmay Bathwal of Hirise Hospitality Pvt Ltd has rolled out the first of his Beetle Smartotels chain of portable hotels in Gujarat.
Beetle Smartotels are ideal for remote locations and industry clusters. They utilise discarded or unusable containers. These are repaired for any major structural damages and provided with three levels of heat insulation before being fitted with best-in-class interiors that come along with a hotel room.more
Base 2 FSI for entire Mumbai city?
A base floor space index (FSI) of 2 may be fixed for the entire city and the civic authority may allow transfer of development rights (TDR) to be used anywhere in greater Mumbai. Currently, the base FSI is 1.33 in the island city and 1 in the suburbs, while TDR is allowed to be used only north of the plot from where it is generated. These are some of the drastic changes the BMC has made while revising the city's draft development plan (DP), which it plans to publish next month for public discussion.more
Rajasthan feels the heat as Gujarat cuts tax on ceramic industry to 5%
In a bid to retain its leadership position and thwart competition emerging from Rajasthan, Gujarat government has reduced VAT on ceramic products from 15% to 5% in the Budget 2016-17. The move could undercut the recent efforts of Rajasthan aimed at building a vibrant ceramic industry as the tax rates in the state still remain high at 14.5%.more
Dwarka Expressway: Landlosers' way to new homes cleared
The revised layout plan of Sector 110 A has been approved by Huda, paving the way for allotment of alternative plots to oustees for the Dwarka expressway project and clearing a major hurdle in the way of the completion of the much awaited new corridor between Gurgaon and Delhi.
Huda officials said that with the green signal to the new plan, a draw of lots will be held at the end of next month to accomodate families displaced by the construction, said officials.more
At Rs 24,000 per sq ft, this is the costliest location in Bengaluru
he city's new elite address is Cunningham Road, which has beaten fiveyear topper UB Towers as the toniest locality in town. The road was recently given a facelift under the TenderSURE project.
The guidance value of the stretch between Hotel Chandrika and Queen's Circle on Cunningham Road on Friday touched Rs 24,000 per sqft, with new values coming into effect.more
Larsen & Toubro sells entire stake in L&T Infocity to Ace Urban Developers
Infrastructure giant Larsen & Toubro (L&T) on Thursday said it has sold its entire 89 per cent stake in L&T Infocity Ltd (LTIL) to Hyderabad-based Ace Urban Developers Ltd for Rs 191 crore.
L&T Infocity Ltd is an special purpose vehicle (SPV) formed by the infrastructure major in partnership with Andhra Pradesh Infrastructure Investment Corporation (APIIC) to develop IT infrastructure in the statemore
Greater Noida to go greener in revised master plan
The greenery in Greater Noida will increase if the city implements a new master plan that it has drafted.
The Greater Noida Industrial Development Authority is gearing up to implement the environment management plan (EMP), a comprehensive environment-friendly land-use strategy to protect the environs, and increase the ground coverage of recreational green areas in the city.more
Land for housing: UP to go for e-way model
After successful experiment of acquiring land through mutual agreement for its ambitious Lucknow-Agra expressway project, the Akhilesh Yadav government has formalised a similar policy for land acquisition to fulfil housing needs.more
Godrej Properties raises $275 million under new fund management business
Godrej Properties, the real estate development arm of the Godrej Group, has set up a dedicated funds management business--Godrej Fund Management--in India and Singapore. The subsidiary has raised a $275 million or Rs 1,900 crore capital with Dutch pension fund asset manager APG Asset Management NV as the lead investor.more
Builders get new brand ambassadors in 'Trees'
One of the reasons, developers are now willing to spend on these trees is that these trees can become the USP of their project.With 'Go Green' being the mantra in vogue, exotic and rare trees flown in from far off land have turned into the new brand ambassadors of residential projects in Hyderabad. Right from the unique Baobab tree of Africa to over 400-year-old olive trees from Europe, these exotic species are seen cropping up within the swank premises of top-notch gated communities in Gachibowli and adjoining areas.more
Over Rs 7,290 crore allocated for AMRUT, 'Smart Cities' in budget
The government today allocated about Rs 7,296 crore for two central schemes -- Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and 'Smart Cities' Mission.
The general budget 2016-17 earmarked an amount of Rs 3,205 cr for the development of 100 smart cities across the country by 2020, while nearly Rs 4,091 crore for AMRUT.more
The Mumbai International Airport receives ‘GreenCo Gold Rating’
The Mumbai International Airport (MIAL) has become the first brownfield airport to receive the ‘GreenCo Gold Rating’ by CII–Sohrabji Godrej Green Business Centre based on a site assessment carried out by a team of GBC.
‘GreenCo Rating’ system is a first of its kind framework evolved by CII to assess and analyse the environmental performance of a company’s activities and operations so as to achieve ecologically sustainable business growth. It is an industry benchmark for exemplary work in the areas of Environmental Management (water conservation, waste management, greenhouse (gases emission), Energy Management (efficiency and renewable energy), Green Supply Chain, Material Conservation, Recycling and others.more
Demand for warehousing space hit all time high of 10 million sq ft in 2015
Third party logistics (3PL) players emerged as the largest demand drivers, leasing close to 2.9 million sq ft of space in 2015, followed by e-commerce companies
Demand for industrial & warehousing space has touched an all-time high of 10 million sq ft in 2015, registering a 40% year on year growth, according to property consultant CBRE.
Third party logistics (3PL) players emerged as the largest demand drivers, leasing close to 2.9 million sq ft of space in 2015, followed by e-commerce companies.
Go green, get 1% rebate on property tax
Those residing in south Delhi may get an 1% rebate on property tax if they maintain greenery around their houses. Ashish Sood, leader of the House of South Corporation, made this announcement while presenting the final budget estimates for 2016-17.
The same is applicable for people involved in commercial activity. "People have to maintain greenery around their areas either by planting a few saplings or maintaining a garden. They can earn a rebate of 1% in property tax, which will also help in keeping the area green.more
Singapore based Ascendas India trust acquires building for Rs. 294 cr in Hyderabad
Ascendas Property Fund Trustee Pte Ltd, a Singapore-based trustee manager of Ascendas India Trust (iTrust), on Friday said it has completed the acquisition of aVance 3, a multi-tenanted IT building for Rs 294 crore (S$63 million).more
Govt. encouraging architects to design green buildings
Confederation of Real Estate Developers’ Associations of India (CREDAI) has pointed out that none of the buildings in the city complies with all norms to be certified as a ‘Green Building&rsquo. Builders and architects in Nagpur who had taken initiative to construct energy efficient buildings have failed to follow almost 20% of the norms, about which they might not even be aware, which rsquo;s why none of the structure could obtain green certification, said Prashant Sarode, Maharashtra president of CREDAI, while offering help to encourage builders to obtain green ratings.more
Transparent swimming pool to bridge Indian tower blocks 12 storeys up
Developers in London claim to be building the world's first sky pool, but an even more extreme suspended glass-bottomed swimming pool is already underway in India (+ movie). The five-tower Twilight Star development in Surat, Gujarat, will feature a 20-metre-long, seven-metre-wide suspended swimming pool that is entirely transparent. It will link two residential blocks in much the same way as the design revealed earlier this week for London's Nine Elms sky pool.more
Solar power at a cheaper rate if you rent your rooftop
Commercial buildings, malls and others are the target for these operators who would set up solar rooftops for free and sell you power at rates that are cheaper than the local utilities. Give us your rooftop and we will give you cheap solar power - this is the model being used by many solar power companies to rake up their rooftop solar installation capacities.more
Coimbatore's journey towards smart city begins
The civic body is gearing to form a special purpose vehicle (SPV), which will be a 39;public limited company39;, that will plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate all smart city development projects. In a move likely to be replicated in Chennai soon, Coimbatore Corporation has begun preparations for the smart city transformation.more