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Technology Innovations in Real Estate : Narendra Kharkhanis, Pashmina Builders

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Narendra Kharkhanis, COO, Pashmina Builders and Developers Pvt. Ltd.

Construction technology is fast evolving in the Indian real estate market. Construction industry is a major contributor to the country’s GDP (8% in Financial Year 2012) and one of the largest employment generators that currently employs around 33 million people. The real estate market which was primarily revolving around the Tier I cities which fundamentally constituted of vertical developments majorly due to lack of space in the recent years has moved exponentially to the suburbs, extended suburbs, Tier II & III cities. With space not limiting the development in the Tier II & III cities, we are now witnessing the growth of huge self-sufficient gated communities as well as modern commercial & retails projects with a wide range of offerings.

The exponential growth in the real estate development comprising of the high-rise buildings have been observing a long gestation period primarily due to the current conventional construction system being extremely time consuming and costly. These continuous delays resulted in cost escalation which was borne by developers who ultimately had little choice than to escalate the price of property. This in turn resulted in these properties being unattainable to many. Coupled with escalating costs and acute shortage of skilled man power led the developers to look at alternate technologies apart from time-tested/conventional methods.

Aluminium wall forms were the ones which suited this particular change. Proven to be economical as well as satisfactory for the overall construction environment, this technology is now used in countries like Europe, Gulf, and Asia including India

Aluminium wall formwork, commonly known as MIVAN technology is an excellent replacement to the conventional technology with marked advantages of quality, time & requirement of skilled resources, as the structure is generally designed as load-bearing walls and slabs & the whole assembly is shuttered and poured monolithically giving it a very distinctive advantage in terms of structural stability, both on lateral movements, seismic forces and effect of wind forces on high rise building.

The basic element of the MIVAN formwork is the panel, which is an extruded aluminium rail section, welded to an aluminium sheet. This produces a lightweight panel with an excellent stiffness to weight ratio, yielding minimal deflection under concrete loading. They can be manufactured in any size and shape to suit the requirements of specific projects. Once assembled, they are subjected to a trial erection in order to eliminate any dimensional or on site problems. Some of the visible advantages of the MIVAN technology are :

  • Reduces the TAT (Turn around Time) by almost half as compared to the conventional technique and help achieve a slab to slab cycle of 7 to 10 days.
  • With its checklists implemented eliminates the labour intensive activities like masonry and rendering.
  • MIVAN technology reduces the skilled resources deployed for the project.
  • Fundamentally with no construction joints and with free flow concrete used eliminates/greatly reduces the chances of seepage resulting in negligible maintenance.

Comparison of Aluminium Form Construction Technique over Conventional Forms :

  1. More seismic resistance: – The box type construction provides more seismic resistance to the structure.
  2. increased durability: – The durability of a complete concrete structure is more than conventional brick bat masonry.
  3. Lesser number of joints thereby reducing the leakages and enhancing the durability.
  4. Higher carpet area- is increased due to shear walls the walls are thin thus increasing area.
  5. Integral and smooth finishing of wall and slab- Smooth finish of aluminium can be seen vividly on walls.
  6. Uniform quality of construction
  7. Negligible maintenance – Strong built up of concrete needs no maintenance.
  8. Faster completion – Unsurpassed construction speed can be achieved due to light weight of aluminium form
  9. Lesser manual labour as the electric and plumbing work is also carried out at the casting stage itself

An extension of the structural load-bearing walls and flat slab system is the pre-cast technology wherein various modules of the structure are cast off-site in factories and then assembled on the site. The basic difference being MIVAN technology is a monolithic construction whereas the pre-cast is joining of pre-cast elements. This technology is mainly suited for low rise value homes as it provides a structural framing of load bearing walls & solid slabs ideally suited for residential apartments.

This technology offers higher efficiency close to zero wastage and a massive reduction in the skilled resources required for constructing the shell and core of the building thereby substantially bringing down the overall cost of the project. However this is a game of volumes, requiring large scaled projects with similar layouts in order to gain the cost-effective benefit.

The precast elements walls and slabs can be produced efficiently with controlled parameters in either captive precast plants or can be procured as building materials from established manufacturers. However manufactures supplying these pre-cast elements are very few hence major dependence is on setting up captive pre-cast plants.

Change is inevitable in the real estate industry. The new generation of developers are giving the required momentum to these new technologies in turn providing the much needed shape to the construction industry. With professionalism on the rise there is more and more emphasis given to quality consciousness and timely delivery of projects giving impetus to the switch from conventional to innovative methods.

As we talk about these innovations in the real estate market taking shape and changing the course of the conventional techniques used, there still lies a huge gap in the need and application of this technology. Some of the plausible reasons for this existing gap are the requirement of large projects consisting of repetitive volumes in order to make this technology cost-effective. Also in cases where the cost supersedes the time, in terms of priority this technology tends to become redundant.

In order to ensure that there is a conscious movement from the conventional to the unconventional methods, unskilled to skilled labour, time saving and superior quality output, there needs to be a greater application and acceptance of these technologies by various developers across India.

Source : Economic Times

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Appoint Housecraft App For Your Interior Designing Job

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Do you have a knack for interior designing? Did you always dream about being an interior designer but could never really get a head start at it? Is your home in a dire state for a revamp? Do you like to change your interiors often?

If your answer is yes then we have the perfect solution for you. The answer to your prayers is the refreshing Housecraft App. The app is available only on iPhone App Store for free.

It is a fairly easy app that can be used to design any interior living space with the choice of several pre-fed furniture and décor items. You can use your phone’s camera and watch the power of augmented reality to place fully rendered 3D models anywhere in your world.

For example if you want to redo your living room. All you have to do is open your phone camera and scan the room. You would be surprised at how accurately it takes measurements. It then lets you drop all the furniture you can think of. You can resize each object so you can customize it according to your room. Plus, you can admire objects from any angle, in any light! Once you achieve a set-up that you like, you can save it for later reference.

The app is a break through at many levels. To start with you design your own home and test it on the app so you can actually see the outcome of your design. For people who like to mix and match and change décor items on a regular basis can use this app for better visualization of their ideas. It is easy to save room configurations and try them out anywhere. Thus great help in apartment hunts, reorganizing a room, testing how new furniture will look, and more. With their video recording feature you can share your creations with your friends or family.

Also Read: 5 Real Estate Tech Startups in India You Can’t Ignore

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5 Real Estate Tech Startups in India You Can’t Ignore

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5 Tech Startups in India You Can’t Ignore

The real estate sector is one of the biggest contributors to the country’s economy. It is no wonder that the sector is booming with newest technologies that are changing the age-old industry norms and raising industry standards. Here are five tech start ups that you need to take note of:

NESTAWAY

5 Tech Startups in India You Can’t Ignore

If you have ever faced a rental problem and most of us have, this is the thing that you need. NestAway is India’s home rental network for singles that offers rental solutions via latest technology and best design.

Founded in January 2015, NestAway is an app that lets you find, book, pay, move-in and out of a rental home anywhere in India. They basically manage both parties in a rental situation and turn unfurnished houses in to furnished homes and offer them at affordable prices on sharing basis. Deepak Dhar, one of NestAway’s four cofounders, says “It’s a new concept for owners and a solution for tenants. Plus we’re solving the youth housing crisis of upwardly mobile urban migrants in cities.” It began in Bengaluru and today is spread in 9 metro cities of India.

Website: nestaway.com

NoBroker

5 Tech Startups in India You Can’t Ignore

A Bangalore based real estate search portal, NoBroker eliminates broker and directly connects flat owners and tenants. Founded in 2014, NoBroker claims to work on the basis of technology that identifies and abolishes brokers. Started as a rental platform, they have now forayed into brokerage free buy/sell property as well. They verify each listing to make sure they are owners and no middlemen. They offer maximum information in the most accessible format, thus saving you time, money and energy to actually go physically hunting for house.

Website: nobroker.in

SmartOwner

5 Tech Startups in India You Can’t Ignore

Find the biggest market for investors here; all the opportunities that you won’t find on general market. SmartOwner brings forward some of the carefully curated investment opportunities from the fastest growing cities in India. Projects are vetted by law firm after meticulous checks. It verifies all the listing to make sure the pricing and specifications are in line with the market trends. Thus it offers well calculated risk and returns. People benefit from the curated high-return opportunities.

Website: smartowner.com

Approach

5 Tech Startups in India You Can’t Ignore

Approach helps you to conveniently and accurately manage scientific data which enables you to grow your business strategically instead of hit and miss methods. Real estate is a growing sector and it needs such solutions where management can take accurate decision based on solid data. Approach lets you manage your inventory from any location. Cloud telephony lets you track all your campaigns and calls from anywhere. Automated SMS and Email Marketing allow you to connect with your audience and also offer in-depth analytics of click-rate and subscriber activity. You can now even calculate the returns on investment from all your media spending and campaigns.

Website: approach.one

GrabHouse

5 Tech Startups in India You Can’t Ignore

Established in 2013, Grabhouse is a no broker website that helps people find flats, flat mates and tenants quickly and without much effort. It is the first venture that is a 100 percent broker free house renting platform. It is able to achieve this by using powerful technologies that allow stakeholders to enhance their business. Their target group lies between 18-28 years; they are mostly students or young professionals who are looking for decent places to stay while saving a buck. Even on-ground assistance is provided after lead generation for a nominal fee.

Website: grabhouse.com

 

Also Read: Technology And Real Estate: Reaching New Heights

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Alibaba Now Enters Housing Rental Market In China

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Alibaba Now Enters Housing Rental Market In China

Alibaba, the Chinese e-commerce giant, signed an agreement with Zhejiang province to use the company’s technology in order to build an online system for house rentals. As per the agreement, this system will include all the apartments that are put up for rent by an individual, government, developers as well as agents.

The Xinhua news agency reported that the Hangzhou City in Zhejiang province will be able to use this application to seek houses on rent. The website by Alibaba will help people at every stage of the procedure, right from searching for a home to apartment contract signing and later payments.    

Han Junqing, director of Hangzhou Real Estate Registration Center, said, “Information on apartments, user reviews, and credit ratings of owners, renters, and agents will all be shared.”

The system is called the Smart House Renting System and will be supported by Alibaba’s technology, data, and commerce credit system. The government sources have revealed that it can prevent fraudulent deals.

At present, the housing rental market in China is dominated by real estate agents, and fraud and disputes are not uncommon in all the major cities. There are big real estate players with their own apps however that information is not shared with others.

People seeking homes for rents often have to refer to different apps and compare their offers as these companies lack the Zhima Credit from Alibaba subsidiary Ant Financial’s which is a much more mature credit system.

The government of China is prioritising the rental market’s development to rein in runaway home prices in the country’s big cities. The Central government chose Hangzhou among the first 12 cities to take bold reforms to boost the rental market.

Also Read: Technological Solutions That Are Helping The Commercial Real Estate Industry

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