1. June 23-29, 2014 1
An MMR, Braj Binani Group Publication Volume 3 l Issue No 25 l June 23-29, 2014 l Price: Rs 100
Over 50 pc real estate buying
decision influenced
by Internet: Google
across 15 cities in India with over
6,000 respondents revealed that
74 per cent of real estate research
online was focused on residential
buying and 26 per cent focused on
residential renting.
Almost half the respondents were
indifferent to new or resale property
(47 per cent) as the criteria for
research focused more on their space
requirement, budget and location.
23 per cent respondents were in the
market for resale property only, and 30
per cent were looking for new property
under construction.
In the survey, respondents rated
Internet in the top three medium for
information for real estate research,
with 24 per cent respondents rating
Internet as the top destination for
information. Print media and sales-broker
offices were the rated as the
other top two information sources for
property information.
Google India released a study on
June 18 to understand the influence
of Internet on real estate purchase
decisions in India. The study compiled
by Google, basis a pan India offline
research conducted by Zinnov and
real estate related search query
trends on Google revealed that over
50 per cent of real estate buyers
decisions are influenced by Internet
research.
The phenomenon, of researching
online for real estate information,
was not limited to metros but also
extended to buyers in tier-2 cities.
The study revealed that the overall
influence of Internet today on real
estate transaction value of both
residential and commercial property
including rentals amounted to $43
billion, with $31 billion for residential
and $12 billion for commercial
properties.
The offline survey conducted
as the trends are consistent both in
metro and tier-2 cities” he added.
In tier-1 cities over 57 per cent
buyers were influenced by online
research and in tier-2 cities the
impact was equally high with 48 per
cent buyers saying that they used
Internet to research for real estate
purchase decisions. The usage
of mobile phones for accessing
real estate information online was
also significant with over 55 per
cent buyers using it to access the
information.
This f inding was consistent
with Google search, with mobile
contributing to over 40 per cent real
estate queries on Google search.
Mobile apps were preferred over
websites by buyers with 73 per cent
respondents saying they prefer to
use mobile apps.
Amongst the wishlist, respondents
highlighted the need for accurate
and updated information with details
of locality and amenities online.
Respondents also highlighted the
low availability of information for
commercial property information
online.
While respondents appreciated
the availability of contact details of
owners, they also highlighted the
problems of brokers pretending to
be owners and asked for sites to run
more detailed checks on listings.
Offering online chats, quick
turnaround to online queries and
providing exper ts counsel l ing
were highlighted as some of the
improvements they would like to
see from real estate players on the
Internet.
Amongst the top destinations on
the Internet for real estate information,
aggregator sites (62 per cent)
were rated as the top source for
information, followed by builder and
developers sites (52 per cent). Online
broker sites and real estate blogs
and forums (~45 per cent) were also
rated as popularly used destinations
for information.
Ease of comparison, large variety
of options, easy access to detailed
information about the property, market
trends, financing options and contact
details of the property owners were
rated as the top reasons for using
Internet for real estate research.
The report revealed that buyers
who contribute to over 90 per cent
of total real estate transactions in the
country have an annual household
income of over Rs 5 lakh; a majority
of which were already using the
Internet.
IGBC plans 10 b sq ft
Green areas by 2022
The Indian Green Building Council
(IGBC), part of CII, recently crossed
the milestone of 2 billion sq ft built-up
area of Green building projects
registered with the Council. The
larger plan and strategy of the IGBC
is to have 10 billion sq ft by 2022
when India will be 75 years post-independence.
The relationship between IGBC and
USGBC is further being strengthened
to work on increasing the uptake of
Green buildings in India. The license
agreement that IGBC had signed with
USGBC in 2004 comes to an end in
June 2014 and a new agreement is
being signed for the next 10 years
to work in the areas of advocacy,
knowledge exchange and market
transformation.
The Leed India projects which
are already registered with IGBC will
be certified by IGBC till end of 2018.
Starting July 1, 2014, Leed projects in
India will be registered and certified
directly by GBCI, the certification
institute appointed by USGBC
IGBC will continue to certify
projects under IGBC homes, IGBC
townships, IGBC factory buildings,
IGBC Sezs and IGBC landscaping.
Dr Prem C Jain, Chairman, IGBC
said,”Leed India rating, which is for
commercial buildings, forms about
25 per cent of total built-up area
registered with IGBC, for Green
building projects in India. Very soon
rating systems for Green schools and
affordable housing segments will be
launched. In light of the increasing
volumes of Green building projects
that IGBC is handling, IGBC feels it
will be better managed if the Leed
rating is handled by USGBC. Hence
IGBC has agreed with USGBC for
them to directly handle the Leed
certification.”
Mahesh Ramanujam, Chief
Operat ing Of f icer, USGBC &
President, GBCI said, “Over the past
10 years, IGBC has been instrumental
in mobilizing the Green building
movement in India and helping
establish Leed India as a key driver
for market transformation. We are
grateful for IGBC’s early support of
Leed India and its ongoing leadership
in India.”
Jamshyd N Godrej, Chairman, CII-Godrej
GBC, stated that energy and
water efficiency across all sectors
of the economy is of paramount
importance to India and IGBC would
give a major thrust in these areas.
Godrej added that by 2030 the
power deficit will be more than 12
Google search queries
data for 2013
The highest number of real
estate queries in tier-2 cities came
from Pune, followed by Lucknow,
Jaipur, Indore, Chandigarh,
Coimbatore, Nagpur, Kanpur,
Surat and Ahmedabad.
Among the top metros,
NCR followed by Mumbai,
Bengaluru, Hyderabad, Kolkata
and Chennai
Nitin Bawankule, Industry Director,
Google India, said, “It is clear that
Internet is emerging as the top
destination for researching before
finalizing any high value purchase and
the consumer behavior is no different
for real estate purchases.
“Real estate queries on Google
search have been growing consistently
registering over 3x growth in the past
three years, the rate of query growth
is even higher for tier-2 cities and
growing at over 350 per cent. Our
search query data shows that over
53 per cent search queries are done
with clear purchase intent.”
“It is estimated that the real
estate industry will grow to become
a $140 billion by 2017 and the
Internet audience base is expected
to reach over 450 million by then.
There is tremendous opportunity for
both online real estate aggregators,
brokers and developers to engage
the buyers online by providing
rich, meaningful and immersive
experience to buyers on the Internet,
including mobile ready online assets
per cent in peak load. To meet such
demand, we need to add a 500
mw power plant every week for the
next 10 years. This looks unlikely
considering the capacity additions
that have taken place during the
preceding 5-year plans.
IGBC applauds the new thrust
on renewable energy by the Govt of
India and several state governments.
“The decreasing trend in the cost of
RE power is an encouraging step in
the right direction. IGBC would work
on private sector investments by the
building sector so that the share of
Renewable energy by 2022 is 25 per
cent or more,” said Godrej.
ParasuRaman R, Founding
Chairman, IGBC, said that IGBC has
established its leadership role in the
building sector and the sustainable
built environment in particular. The
last 10 years of association with
USGBC have been of great help and
support. The next ten years would
be even more challenging and full of
new opportunities for which IGBC is
fully equipped.
S Raghupathy, Executive Director,
CII-Godrej GBC, highlighted that the
partnership with USGBC has been
extraordinary and highly productive,
since the first MoU was signed in
2001.
2. Building materials June 23-29, 2014 2
Export: Cement, Cement Products & Building Materials
Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate
Lime Stone/ Marble/ Granite stone
3/1/2014 NATURAL PROCESSED STONE GUR NETHERLANDS 26000 168776.08 6.49
3/6/2014 NATURAL LIME STONE CHN FRANCE 100000 710921.36 7.1
3/9/2014 UNPOLISHED GRANITE STONES CHN DENMARK 10000 85107.59 8.51
3/11/2014 COBBLE STONES CHN USA 14400000 51150540.56 3.6
3/12/2014 TRIMMED GRANITE CHN SRI LANKA 22000 274493.9 12.48
3/16/2014 NATURAL STONE CHN JAPAN 84000 1180975 14.1
3/16/2014 UNPOLISHED GRANITE STONES CHN UAE 220000 1176621.28 5.3
3/16/2014 ROUGH GRANITE BLOCKS KAN CHINA 335532 8698667.1 25.9
3/17/2014 ALUMINIUM SILICATE MUN SPAIN 49000 395398.46 8.1
3/17/2014 GRANITE BLOCKS KRI HONGKONG 2438000 19972827.4 8.2
3/20/2014 MARBLE TILES PET BANGLADESH 21000 205251.14 9.77
3/22/2014 LIMESTONE CHN BELGIUM 57200 1086281.84 19.0
3/22/2014 NATURAL LIMESTONE CHN U K 252000 1859244 7.4
3/25/2014 NATURAL LIME STONE CHN CANADA 20250 388663.72 19.19
3/25/2014 NATURAL LIMESTONE CHN ECUADOR 100000 1210461.12 12.1
3/25/2014 UNPOLISHED GRANITE STONES CHN NORWAY 438000 995838.5 2.3
Total 18572982 89560069.05 4.8
Marble
3/5/2014 GREEN MARBLE MUN PAKISTAN 267220 2222222.62 8.32
3/5/2014 MARBLE BLOCKS KNA CHINA 11554730 90006866.24 7.8
3/8/2014 MARBLE BLOCKS KAN HONGKONG 5894720 38095839.04 6.5
3/16/2014 MARBLE BLOCKS MUN TAIWAN 3508920 40247516.16 11.5
3/20/2014 ROUGH MARBLE BLOCKS MUN THAILAND 51450 694611.5 13.5
3/22/2014 MARBLE BLOCKS MUN BANGLADESH 603510 2237039.2 3.7
3/22/2014 ROUGH MARBLE BLOCKS MUN ITALY 1345662 13424415.96 10.0
3/22/2014 MARBLE BLOCKS MUN EGYPT 3001660 17884323.84 6.0
Total 26227872 204812834.6 7.8
Natural Manganese
3/18/2014 NATURAL MANGANESE DIOXIDE POWDER MUM NETHERLANDS 0.2 22 110
3/25/2014 NATURAL MINERAL POWDER MICA MUM JAPAN 0.1 2 20
Total 0.3 24 80
Mica
3/1/2014 MICA FLAKES KOL EGYPT 160000 617373.9 3.9
3/1/2014 MICA POWDER CHN UAE 14000 681296 48.66
3/3/2014 MICA BLOCKS KOL GREECE 315 774605.5 2459.07
3/3/2014 MICA FLAKES KOL NETHERLANDS 725492 16590695.08 22.9
3/3/2014 MICA FINE CHN LIBYA 36000 370832 10.3
3/1/2014 MICA FLAKES CHN BELGIUM 2000 63517.97 31.76
3/1/2014 WET GROUND MICA POWDER CHN INDONESIA 9000 702694.3 78.08
3/5/2014 MICA ROUND KOL KOREA 40000 1345128.4 33.6
3/5/2014 MICA KOL AUSTRALIA 108000 1564609.2 14.5
3/6/2014 MICA BLOCKS CHN USA 10361.6 1627370.5 157.1
3/6/2014 MICRONISED MICA POWDER CHN MALAYSIA 17000 542247.48 31.9
3/8/2014 MICA BLOCKS KOL GERMANY 5740 670923.56 116.9
3/8/2014 MICA (WET GROUND MICA) CHN JAPAN 16000 1013760 63.36
3/8/2014 RUBY MICA SCRAP KOL ESTONIA 144000 4824000 33.5
3/10/2014 MICA BLOCKS KOL RUSSIA FED. 120 712451 5937.09
3/11/2014 MICA POWDERDETL KOL IRAN 200000 1116800 5.58
3/11/2014 MICA SCRAP MUN CHINA 162700 3898175.3 24.0
3/12/2014 MINERAL POWDER MUN MYANMAR 1000 19651.14 19.65
3/12/2014 MICA FLAKE KOL U K 308760 2933798.56 9.5
3/13/2014 MICA BLOCKS KOL TAIWAN 50 8536.33 170.73
3/13/2014 MICA BLOCKS PET BANGLADESH 520 11364.58 21.85
3/16/2014 MICA FLAKES MUN OMAN 153000 1892251.2 12.4
3/17/2014 MICA POWDER KOL S. ARABIA 18000 92293 5.13
3/17/2014 MICA KOL THAILAND 17000 49464.9 2.91
3/17/2014 MICA POWDER KOL POLAND 20000 225410.3 11.27
3/17/2014 MICA SCRAPASPER KOL ROMANIA 25000 894412.5 35.78
3/22/2014 MICA BLOCK CHN BRAZIL 88000 2903600 33.0
3/25/2014 MICA ROUND MUN KENYA 70 30850.77 440.73
3/25/2014 MICA BLOCKS KOL SLOVAKIA 1000 785527.5 785.53
3/25/2014 MICA POWDER JNP PAKISTAN 2000 166155 83.08
Total 2285128.6 47129795.97 20.6
Quartz (other than natural sands)
3/1/2014 QUARTZ GRITS MUN VIETNAM 450000 3362512.5 7.5
3/1/2014 SILICON DIOXIDE (QUARTZ) VIZ MALAYSIA 1369000 11180182.88 8.2
3/1/2014 QUARTZ POWDER MUN VIETNAM 383200 2220062.66 5.8
3/1/2014 QUARTZ SILICA KAN UAE 12000 47486.68 4.0
3/3/2014 QUARTZ POWDER CHN THAILAND 264000 5410442.1 20.5
3/1/2014 QUARTZ POWDER CHN S. ARABIA 5000 14323.87 2.86
3/1/2014 QUARTZ POWDER CHN UAE 5000 14323.87 2.86
3/1/2014 QUARTZ GRITS MUN ITALY 162000 1397088 8.6
3/5/2014 QUARTZ GRITZ MUN BANGLADESH 165000 1378492.5 8.35
3/5/2014 QUARTZ GRITZ MUN IRAN 165000 1378492.5 8.35
3/8/2014 SILICA RAMMING MASS KNA S. ARABIA 1264000 7231619.6 5.7
3/10/2014 QUARTZ LUMPS CHN MALAYSIA 1754000 5852008.7 3.3
3/10/2014 QUARTZ KRI USA 1134000 3769868.8 3.3
3/10/2014 QUARTZ POWDER KOL NIGERIA 1026000 6275971.7 6.1
3/11/2014 QUARTZ SAND MUN UAE 268000 1020264.9 3.8
3/11/2014 QUARTZ POWDER MUN TANZANIA 54000 240791.4 4.46
3/11/2014 QUARTZ POWDER MUN USA 54000 240791.4 4.46
3/11/2014 QUARTZ SILICA MUN UAE 3176000 12655464.72 4.0
3/11/2014 SILICA QUARTZ POWDER MUN MALAYSIA 222000 1503716 6.8
3/12/2014 QUARTZ POWDER KOL KENYA 172000 2401890.72 14.0
3/12/2014 SILICA RAMMING MASS KOL SRI LANKA 54000 340136 6.3
3/12/2014 SILICA RAMMING MASS KOL KENYA 54000 340136 6.3
3/15/2014 QUARTZ LUMPS CHN OMAN 172800 1443918.8 8.4
3/16/2014 QUARTZ POWDER CHN ITALY 40000 605089.5 15.13
3/16/2014 QUARTZ POWDER CHN JAPAN 40000 605089.5 15.13
3/16/2014 QUARTZ POWDER (SILICA POWDER) PET BANGLADESH 800000 3099330 3.9
3/18/2014 BUFF GREY QUARTZITE MUN ITALY 46900 390735.63 8.33
3/18/2014 QUARTZITE MUN ITALY 46900 390735.63 8.33
3/20/2014 QUARTZ POWDER KNA VIETNAM 27650 180785 6.54
3/20/2014 QUARTZ POWDER KNA BANGLADESH 27650 180785 6.54
3/20/2014 QUARTZ MUN OMAN 650000 4619835.02 7.1
3/20/2014 QUARTZ POWDER - MICRON SILICA PET BANGLADESH 512000 2328032.3 4.5
3/20/2014 QUARTZ POWDER CHN KOREA 20000 364609.2 18.23
3/20/2014 QUARTZ POWER CHN KOREA 20000 364609.2 18.23
3/23/2014 ARFURANE C POWDER AHM TUNISIA 19500 1274573.02 65.36
3/23/2014 ARFURANE C POWDER AHM MAURITIUS 19500 1274573.02 65.36
3/23/2014 QUARTZ POWDER MUN INDONESIA 216000 1126256.56 5.2
3/23/2014 SILICA SAND MUN MAURITIUS 212000 1950596.92 9.2
3/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.68
3/25/2014 QUARTZ LUMPS CHN CHINA 1000 15675 15.68
3/28/2014 QUARTZ GRITS VIZ VIETNAM 1104000 9192575.52 8.3
3/28/2014 ARFURANE C POWDER AHM MOROCCO 29600 522155.98 17.6
3/28/2014 QUARTZ GRITS MUN OMAN 736000 3752805.64 5.1
3/28/2014 QUARTZITE GRAINS & POWDER REX NEPAL 206000 1146599.98 5.6
3/28/2014 QUARTZ GRITS CHN KOREA 376000 3232624.3 8.6
3/28/2014 QUARTZ CHN JAPAN 3994000 39992520.38 10.0
Total 21530700 146346253.6 6.8
Kaolin and other kaolinic clays
3/1/2014 KAOLIN CLAY/ CHINA CLAY POWDER /KAOLIN POWDER MUN UAE 72216000 78152774.4 1.1
3/1/2014 CALCINED KAOLIN MUN NIGERIA 80000 2134440 26.68
3/1/2014 CALCINED KAOLIN MUN GERMANY 80000 2134440 26.68
3/1/2014 KAOLIN COC NETHERLANDS 24200 313990.68 12.97
3/1/2014 KAOLIN BCK POWDER COC TURKEY 24200 313990.68 12.97
3/8/2014 CHINA CLAY MUN KUWAIT 1008000 6108379.2 6.1
3/8/2014 KAOLIN LUMPS MUN TAIWAN 300000 1384187.6 4.6
3/8/2014 BENEFITS COC CHINA 1000 31006.3 31.01
3/8/2014 CHINA CLAY COC TURKEY 1000 31006.3 31.01
3/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC PHILIPPINES 25000 654476.63 26.18
3/8/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 25000 654476.63 26.18
3/9/2014 KAOLIN / CHINA CLAY KAN UAE 20000 80574.9 4.03
3/9/2014 KAOLIN / CHINA CLAY KAN KENYA 20000 80574.9 4.03
3/10/2014 KAOLIN CLAY MUN IRAN 175000 1363250 7.79
3/10/2014 KAOLIN CLAY MUN GERMANY 175000 1363250 7.79
3/10/2014 KAOLIN MUN KOREA 32000 193177.6 6.0
3/11/2014 CERAMIC INDUSTRIES ( KAOLIN LUMPS) MUN IRAN 350000 2329621.5 6.7
3/13/2014 KAOLENE - CHINA CLAY PET BANGLADESH 200530 1915968.1 9.6
3/13/2014 LIGHT KAOLIN JNP MAURITIUS 238325 5618029.92 23.6
3/16/2014 KAOLINIC CLAYS PET BANGLADESH 328000 2597391.3 7.9
3/18/2014 KAOLIN MUN ANGOLA 1120000 10374896 9.3
3/23/2014 KAOLIN PAN JORDAN 40000 416328 10.41
3/23/2014 KAOLIN PAN GERMANY 40000 416328 10.41
3/23/2014 KAOLIN POWDER MUN CHINA 144000 1017978.5 7.1
3/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC OMAN 28000 347966.71 12.43
Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate
3/25/2014 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 28000 347966.71 12.43
3/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC TURKEY 5000 94703.12 18.94
3/25/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GUATEMALA 5000 94703.12 18.94
3/26/2014 CHINA CLAY MUN KOREA 480000 3146449.9 6.6
3/26/2014 KAOLINIC CLAYS PET BANGLADESH 254000 1633589.8 6.4
3/26/2014 HYDROUS ALUMINIUM SILICATE COC SRI LANKA 58000 681084.44 11.7
3/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GERMANY 775800 10977641.92 14.2
3/26/2014 HYDRO CHLORIDE MUM CANADA 100 522.5 5.23
3/26/2014 HYDRO CHLORIDE MUM GERMANY 100 522.5 5.23
3/26/2014 KAOLIN- (PROCESSED CHINA CLAY) MUN S. AFRICA 532000 4144676.8 7.8
3/26/2014 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC INDONESIA 240000 4261407.1 17.8
Total 79073255 145411771.8 1.8
Clay
3/1/2014 CHINA CLAY MUN S. ARABIA 236000 1974780.2 8.4
3/1/2014 CHINA CLAY MUN UAE 23000 118389.73 5.15
3/1/2014 CHINA CLAY MUN CHINA 23000 118389.73 5.15
3/1/2014 REFINED CLAY JNP U K 2304 118332.29 51.36
3/1/2014 REFINED CLAY JNP IRAN 2304 118332.29 51.36
3/9/2014 CHINA CLAY PET BANGLADESH 156000 1609939.74 10.3
3/11/2014 FULLERS EARTH POWDER REX NEPAL 80000 364800 4.6
3/15/2014 CALCINED CHINA CLAY POWDER MUN YEMEN 17000 323025.5 19
3/15/2014 CALCINED CHINA CLAY POWDER MUN GHANA 17000 323025.5 19
3/18/2014 CLAY JNP GERMANY 600 1555.52 2.6
3/18/2014 PROCESSED CHINA CLAY COC GUINEA 16000 169736.16 10.61
3/18/2014 PROCESSED CHINA CLAY COC USA 16000 169736.16 10.61
3/23/2014 HYDROUS KAOLIN MUN KOREA 160000 1128280.3 7.1
3/27/2014 CHINA CLAY JNP SRI LANKA 228000 1398488 6.1
3/28/2014 CLAY/EARTH JNP KENYA 120000 1933244.56 16.1
Total 1097208 9870055.68 9.0
Natural Garnet
3/5/2014 GARNET VIZ JAPAN 40000 401555 10.04
3/26/2014 GARNET VIZ MALAYSIA 840000 8275260 9.9
3/16/2014 GARNET VIZ UKRAINE 54000 232702.8 4.31
3/16/2014 GARNET VIZ USA 612000 5947195 9.7
3/16/2014 GARNET VIZ CEI (BALTIC SEA) 784000 5699766.8 7.3
3/22/2014 GARNET VIZ QATAR 840000 8239483.5 9.8
3/22/2014 GARNET VIZ THAILAND 24000 292600 12.19
3/22/2014 GARNET VIZ AUSTRALIA 2122000 20792633.5 9.8
3/23/2014 GARNET VIZ ISRAEL 56000 574750 10.3
3/25/2014 GARNET VIZ UAE 4200000 34596293.8 8.2
3/26/2014 GARNET VIZ CANADA 56000 526680 9.41
3/28/2014 GARNET VIZ EGYPT 224000 2054888 9.17
Total 9852000 87633808.4 8.9
Fly Ash
3/2/2014 PROCESSED FLYASH JNP BAHARAIN 623340 1862761.36 3.0
3/6/2014 FLY ASH MUN UAE 485280 627758.21 1.29
3/15/2014 FLY ASH MUN QATAR 4872000 11865076.48 2.4
3/16/2014 SYNTHETIC ORGANIC MUM BRAZIL 2000 8192.31 4.1
3/16/2014 INSULATING POWDER LUD POLAND 25000 297878.25 11.92
3/17/2014 DRY FLY ASH MUN S. ARABIA 24132120 68803939.8 2.9
3/17/2014 FLY ASH MUN JORDAN 112000 432872.84 3.86
3/20/2014 FLY ASH PIP USA 224050 1101760.54 4.9
3/23/2014 ALUMINA AND SILICA - CERAMIC NAG KOREA 144000 8964288 62.3
3/25/2014 FLY ASH POZZOCRETE JNP EGYPT 2223480 8050149.38 3.6
3/28/2014 FLY ASH MUN BAHARAIN 2016000 5025713.96 2.5
3/28/2014 PROCESSED FLY ASH JNP OMAN 3638780 11636082.64 3.2
3/28/2014 FLY ASH VIZ MALAYSIA 22400 41841.8 1.87
3/28/2014 FLY ASH JNP THAILAND 1000 26799.39 26.8
Total 38521450 118745115 3.1
Alumina
3/3/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP THAILAND 40000 1192429.7 29.81
3/1/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP KOREA 20000 1897280 94.86
3/6/2014 ALUMINIUM OXIDE AHM USA 400 313174 782.9
3/7/2014 ALUMINA TRIHYDRATE ALUMINIUM HYDROXIDE JNP S. ARABIA 968000 17852237 18.4
3/8/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP URUGUAY 22000 391314 17.79
3/9/2014 ALUMINIUM HYDROXIDE AMORPHOUS MUM INDONESIA 110400 4977582 45.1
3/10/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP PAKISTAN 511000 7687384.7 15.0
3/11/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP KOREA 160000 4739146.1 29.6
3/12/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP MEXICO 100000 3482660.8 34.83
3/13/2014 DRIED ALUMINIUM HYDROXIDE JNP GHANA 24750 2237586.79 90.4
3/26/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP JAPAN 160000 3239363 20.2
3/15/2014 ALUMINIUM HYDROXIDE JNP GHANA 3000 371764.5 123.92
3/16/2014 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP SRI LANKA 48000 2181733.8 45.5
3/17/2014 ALUMINA TRIHYDRATE (INDAL ALUMINA) CHN PHILIPPINES 660000 8213040 12.4
3/18/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) JNP MALAYSIA 2068000 26928110 13.0
3/19/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP PAKISTAN 50000 4013503.34 80.3
3/20/2014 ALUMINIUM HYDROXIDE HYD IRELAND 20000 1091200 54.56
3/21/2014 DRIED ALUMINIUM HYDROXIDE GEL JNP MEXICO 45200 6035904.04 133.5
3/22/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN TAIWAN 2156000 25881428 12.0
3/23/2014 ALUMINIUM HYDROXIDE AMORPHOUS JNP AUSTRALIA 76000 7028550 92.5
3/24/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP OMAN 40000 790333.5 19.76
3/25/2014 ALUMINA COC SLOVAKIA 400 305196.42 763.0
3/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN INDONESIA 1408000 19036325 13.5
3/25/2014 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN KOREA 2800000 40535952.5 14.5
3/25/2014 ALUMINA COC GERMANY 150 160201.8 1068.01
Total 11491300 190583401 16.59
Barytes
3/1/2014 MINERAL POWDER MICRON BARYTES CHN MAURITIUS 20400 604758 29.65
3/3/2014 BARITE POWDER - API CHN U K 540000 5110798 9.46
3/1/2014 BARITE ORE KRI USA 98800000 342580952 3.5
3/1/2014 BARITE POWDER CHN NETHERLANDS 7 75.46 10.78
3/8/2014 BARIUM SULPHATE BARYTES CHN SINGAPORE 588000 5618104 9.6
3/9/2014 BARYTES POWDER CHN S. ARABIA 9455000 71367413.1 7.5
3/12/2014 MINERAL POWDER MUN MYANMAR 5000 148550.26 29.71
3/13/2014 MINERAL POWDER MUN TANZANIA 4009000 32037947 8.0
3/15/2014 BARITE POWDER API CHN UAE 810000 4291624.5 5.3
3/16/2014 BARIUM SULPHATE BARYTES CHN INDONESIA 24000 476760.75 19.87
3/17/2014 BARRITE POWDER CHN KUWAIT 1890000 8693214.22 4.6
3/19/2014 MICRON BARYTE BAR SPAIN 2000 77447.3 38.72
3/21/2014 BARITE POWDER CHN BANGLADESH 400000 3961547.4 9.9
3/22/2014 BARITE POWDER CHN VENEZUELA 756000 7257305.66 9.6
3/25/2014 BARITE POWDER CHN MOZAMBIQUE 1125000 8938680.75 7.95
3/26/2014 BARITE POWDER CHN OMAN 3240000 27288976 8.4
3/26/2014 MICRON BARYTER BAR AUSTRALIA 5000 153876.26 30.78
3/26/2014 BARITE POWDER - API CHN THAILAND 5130000 42501623 8.3
3/26/2014 MINERAL POWDER MICRON BARYTE CHN SRI LANKA 27000 715250.25 26.49
3/26/2014 BARITE POWDER TON KENYA 468000 8746650 18.69
Total 127294407 570571553.9 4.5
Bauxite
3/3/2014 CALCINED BAUXITE MUN S. AFRICA 198000 2142794.5 10.82
3/9/2014 CALCINED BAUXITE MUN JAPAN 1000000 19588672 19.6
3/12/2014 CALCINED BAUXITE MUN BAHARAIN 25000 308455.65 12.34
3/26/2014 CALCINED BAUXITE JNP ITALY 383720 4890717.5 12.7
3/18/2014 BAUXITE ORE JNP KOREA 162000 1084702 6.7
3/18/2014 BAUXITE JNP GERMANY 1546 8395.22 5.4
3/18/2014 BAUXITE (GROUNDED BAUXITE) KAN S. ARABIA 400000 2778123 6.9
3/25/2014 CALCINED BAUXITE AHM UAE 22000 470249.02 21.37
3/25/2014 BAUXITE CEMENT REX NEPAL 85840 77256 0.9
3/25/2014 CALCINED BAUXITE JNP SLOVENIA 1580840 17298862.08 10.9
3/25/2014 BAUXITE POWDER MUN OMAN 2800000 16093000 5.7
Total 6658946 64741226.97 9.7
Zinc oxide
3/1/2014 ZINC OXIDE BAR PAKISTAN 100 22763.85 227.64
3/1/2014 ZINC OXIDE BAR SINGAPORE 25000 1817375.95 72.7
3/1/2014 ZINC OXIDE BAR SPAIN 100000 8953005.6 89.5
3/1/2014 ZINC OXIDE BP MUM UAE 300 88484.24 294.95
3/10/2014 ZINC OXIDE JNP EGYPT 20000 1929545.9 96.48
3/15/2014 ZINC OXIDE CHN AUSTRALIA 40000 3427285 85.7
3/15/2014 ZINC OXIDE PET BANGLADESH 29000 3453402.22 119.1
3/15/2014 ZINC OXIDE JNP S. ARABIA 80000 7842364.36 98.0
3/16/2014 ZINC OXIDE REX NEPAL 2000 240750 120.4
3/16/2014 ZINC OXIDE BAR SRI LANKA 2000 226020.89 113.01
3/18/2014 ZINC OXIDE MUN TANZANIA 130500 11968120.62 91.7
3/25/2014 ZINC OXIDE MAM JAPAN 190000 19642395.9 103.4
3/25/2014 ZINC OXIDE BAR KOREA 50000 4847061.22 96.9
3/25/2014 ZINC OXIDE CHN PHILIPPINES 1000 180262.5 180.26
3/25/2014 ZINC OXIDE BAR VIETNAM 550000 39040252.92 71.0
Total 1219900 103679091.2 85.0
3. IN PERSON June 23-29, 2014 3
‘Sudden changes in govt norms
may hinder ongoing projects’
luxury project with a 30 ft waterfall
in each villa.
Projects like Hinduja Healthcare in
Khar in Mumbai, S2 and Kirabo are
some of our commercial projects.
Under the redevelopment vertical, we
have several projects like Gurukripa,
Natraj and Haribhavan in suburbs like
Khar, Bandra and Kalina in Mumbai.
In the residential and commercial
segment what is the total area of
development in completed projects
so far? Also give us estimation of
total development of projects in
planning and developing stages?
S Raheja Realty has been in
the real estate business for three
generations and has developed a few
lakh of square feet during the period.
Currently, we have approximately 3
lakh sq ft under construction.
As a prime developer what is your
take on the slow rate of approvals,
regulatory changes in the micro
market such as Mumbai, inflation
impacting cost structure, declining
demand due to increasing prices,
etc?
As already mentioned, the RBI and
government’s regulations, if changed,
should give builders intimation
beforehand or allow them time to
adapt to the change. Otherwise, a
lot of time is wasted in the approvals
process.
The slowdown of the market
impacts the whole fraternity and we
are no exception. The construction
costs have been rising due to hike
in cement prices and other ancillary
industries. The falling value of the
Hinduja Hospital, Mumbai
it have any impact on your future
development?
S Raheja Realty has earned the
trust of its buyers through honest
delivery of quality projects through
the past three generations. We
have earned the faith and respect
of buyers and government alike.
However, there is a lot of negative
perception about the real estate
market. Several reasons like builders
finding loopholes in the business and
using it to their advantage.
Also, a lot of times projects remain
unfinished and builders do not
deliver what was promised to buyers.
Negative impressions are easy to form
and therefore just like in any other
business, due to misdoings of a few,
the whole industry gets blamed.
The Ministry of Housing & Urban
Poverty Alleviation plans to ease
the norms for FDI in real estate up
to 100 per cent under the automatic
route in townships, housing, built-up
infrastructure and construction
development projects. Is it a boon
for developers or otherwise?
This is a huge step considering
the sheer population of our country
and the market size. It can be positive
and negative, depending on how it is
dealt with. The Reserve Bank of India
needs to be strict about the FDI so
“If the ruling body gives developers adequate time needed for internally
working on changes, it can be easier for the company and may
also prevent cost hikes,” asserts Ram Raheja, Director & Head-
Architecture & Design, S Raheja Realty, in an interview with Remona
Divekar
The real estate in India is highly
fragmented and capital intensive in
nature. The sector has close linkage
with economy and therefore highly
cyclical in nature. How does such a
situation impact developers?
The real estate sector is a
critical sector for any economy. It
is the second-largest employment-generating
sector after agriculture,
and contributes about 5-6 per cent to
India’s GDP. Growing at a rate of about
20 per cent per annum, it generates
a high level of direct employment,
and stimulates demand in over 250
ancillary industries such as cement,
steel, paint, brick, building materials,
consumer durables and so on.
The Indian real estate market is
highly fragmented, each city has its
own demand-supply mechanism and
even within the same city, every area
has a different demand. The positive
impact of this fragmentation is that it
keeps the cycle of demand & supply
going and sustains the market.
As a developer, if one considers
the dynamics of the micro market
when choosing location of a project,
there is usually no chance of a decline
in its demand. Thus, personally, I
consider this nature of the Indian
market as a boon.
A typical real estate project has a
gestation period of three to four
years and any adverse change
in macroeconomic factors in the
interim period can affect cash flows
of the developer. How do you as a
developer cope with such crises?
The uncertainty and sudden
changes in regulations and norms
by government and the RBI may
cause hindrance to ongoing projects.
If the ruling body gives developers
adequate time needed for internally
working on changes, it can be easier
for a company and may also prevent
cost hikes.
S Raheja Realty builds on personal
funding and financing from banks, and
all our projects are launched only after
100 per cent approvals. Usually, before
launching, all these factors need to
be taken into account as this helps us
cope with any changes in regulations
during the gestation period.
Tel l us about your project s
completed and those in stages
Cascade Natraj living room
of completion in the commercial,
residential sector, etc. In all how
much area are you developing?
S Raheja Realty is an integral
part of India real estate landscape.
The promoters are three generations
into real estate with a focus on
both residential and commercial
development in Mumbai. Our projects
fall under four verticals, namely, luxury
affordable projects like Raheja Prime
in Palghar and Raheja Residency in
Varanasi, second homes projects
like Cascades which is a 15 villa
rupee and the overall uncertainty
of the sector are factors we cannot
escape.
However, given that especially in
cities like Mumbai where the land
supply is limited and there is always a
demand for quality projects, choosing
a location wisely certainly helps to
combat the issues discussed.
Banks have tightened lending to
real estate companies, fearing
possible default on repayments
and increased risks perception of
developers amongst lenders. Would
that we do not face the same fate as
the US market in 2008.
What is your view on real estate
regulation and development bill
which has been passed recently?
Personally, I feel it is a boon though
the guidelines should be stringent
and transparent to avoid creation of
excess funds in the market. The FDI
is a positive step, but the regulatory
body should not be blind in allocating
powers as there is a chance of
concentration and misuse of power
by a group of people.
Natraj exterior
Cascade
4. INFARRSTUCERTU June 23-29, 2014 4
Centre to give extra `12,000 per
poor family to build homes
The Centre has decided to give
Rs 12,000 per household to the
poor for working on building their
homes, a measure that signifies the
biggest convergence of two social
welfare schemes and could provide
a boost to both rural employment
and consumption at a time when the
monsoon is expected to be below
average.
Two of the biggest welfare schemes
-- the Indira Awas Yojana (IAY)
and the Mahatma Gandhi National
Rural Employment Guarantee Act
(MGNREGA), which together have a
corpus of more than Rs 50,000 crore
-- will pool their resources as part of
the new government plan to provide
a roof to everyone. This is likely
to benefit cement, steel and local
building industries as more people
build their homes through IAY.
The idea is to incentivize rural
households to take up construction of
houses on their own, thereby saving
on labour cost, besides adding a
significant amount to their kitty and
reviving interest in MGNREGA.
The government provides Rs
75,000 for construction of a house
under IAY in hilly areas and Rs 70,000
for construction of houses in the
plains. Of this, 20 per cent is the
labour cost, which works out to nearly
Rs 14,000. The government feels that
the additional financial support of Rs
12,000 would substantially reduce
the burden on beneficiaries as they
could now demand construction of
houses under MGNREGA. The Centre
has allocated over Rs 17,000 crore
to be used for construction of nearly
25 lakh houses under IAY in 2014-
15. Economists say that considering
the fiscal constraints, this kind of
rationalization of the two schemes has
been a long-standing need.
President Pranab Mukherjee had
in his joint address to Parliament
Corridor linking
S Asia with Europe
on Modi’s agenda
In keeping with New Delhi’s
ambition to increase its share in
global trade, the government is fast-tracking
a proposal to link South Asia
with Europe by sea, rail and roads.
The trade route spanning Central
Asia, the Caucasus and Russia
-- the unique North-South Transport
Corridor (NSTC) -- is high on the Modi
government’s agenda.
Soon after the budget session
is over, the government is going to
launch India shows in key countries of
CIS to regain significant trade ground
in the former member states of the
erstwhile USSR. Also known as the
Eurasian countries, they are quite rich
in natural resources like oil, natural
gas, metals and minerals and are a
useful source of several other raw
materials of considerable importance
to India’s manufacturing industry.
According to officials, the NSTC
will not just improve relations with
CIS countries, but also reduce cost
of exports to Europe. Apart from
environmental and commercial
importance, this international transport
corridor has a tremendous strategic
significance, they said.
Interestingly, Nisha Desai Biswal,
the Obama administration’s point
person for South and Central Asia,
who recently concluded her visit
to New Delhi, had talked to Indian
officials about regional trade linkages
along the New Silk Road and the Indo-said
that the Narendra Modi-led NDA
government would improve basic
infrastructure such as roads, shelter
and power, and provide drinking water
in rural areas, besides emphasizing
the government’s vision to provide
pucca houses to all.
MGNREGA, which is the biggest
welfare scheme with a budgeted
corpus of Rs 34,000 crore this year,
is expected to undergo a significant
makeover to facilitate the goal. It could
include addition of new works under
the scheme with special focus on
agriculture and weekly monitoring of
wage disbursal to address the issue
of delays.
Pacific Economic Corridor.
Indian experts feel this route is
more realistic as it skips Pakistan.
Security issues associated with the
neighboring country are one of the
main reasons why the gas pipeline
projects have failed to progress
despite numerous meetings between
officials of all countries.
With India using the sea route to
reach Iran, bypassing Pakistan, it is
considered a more practical route.
But global concerns about Iran could
be one of the stumbling blocks over
its development.
India’s access to Central Asia states
through the North South corridor will
not only enable it to meet its energy
requirements and ensure its energy
security, it will also will impact major
commodities like oil, gas, uranium and
other metals at a cheaper import cost
for the country. Russia, at the centre
of the NSTC, will have a tremendous
economic and strategic advantage,
gaining a conflict-free entry into the
Persian Gulf and the Middle East,
which will allow for changing the
strategic set-up and the balance of
forces not only in the region, but also
in the whole world.
Once the deal is complete, NSTC
will offer very competitive rates for
shipment via the Suez Canal, slashing
costs and shipment time between
South Asia, Russia, Northern Europe
and the Persian Gulf.
Haridaspur-Paradip rail link by 2017
Officials of the Paradip Port Trust
(PPT) and East Coast Railways (ECoR)
said the much- awaited Haridaspur-
Paradip rail link would be completed
by 2017 as implementation of the
project has taken off the ground after
a few hiccups earlier this year.
According to official estimate,
about 19 million tons of traffic is
expected to move per annum on
this line which passed through three
districts establishing a direct link
between the iron ore rich areas of the
state and the Paradip Port, shortening
the chargeable distance by about
335 km, in comparison to the existing
route.
Although t h e p r o j e c t was
conceptualized about 20 years ago,
land acquisition for the project was
started in 1997. However, due to many
official and political reasons, the work
has not been completed till date. The
project requires 1,340 acres land.
T h e r a i l p r o j e c t i s b e i n g
implemented by a special purpose
vehicle where many private and public
companies have invested. Haridaspur
Paradip Railway Company Ltd is the
SPV with an equity base of Rs 275
crore of which the Rail Vikash Nigam
Ltd (RVNL) holds a major share of
48.43 per cent.
Besides RVNL, the three other
PSUs, which have signed the
agreement to develop the project
jointly, are the Paradip Port Trust, Steel
Authority of India Ltd (Sail) and the
Industrial Development Corporation
Ltd (Idcol) of Odisha.
The defence and road ministries
are close to an agreement for speedy
transfer of land parcels currently
with the three armed forces to the
National Highways Authority of
India (NHAI) so that a host of large
highway projects can take off.
Some of these projects have been
stuck for want of Defence Ministry
clearances (for land transfer) for up
to five years, taking a toll on highway
construction, which is also reeling
from the hit taken from the economic
slowdown and low investor interest.
According to official sources,
Minister for Road Transport &
Highways Nitin Gadkari has had
talks with the Defense Ministry
on the issue, and the latter has
responded favourably, given Modi’s
thrust on removing impediments for
infrastructure projects.
The Jammu-Udhampur project,
for instance, is pending with the local
army authority. Similarly, in the case
of the Deoli-Kota section, defence
clearance has been delayed by
almost three years.
The Hyderabad-Bengaluru
stretch has been delayed for five
years, with both army and air force
clearances pending. “In the case of
the Hyderabad-Bengaluru stretch, a
draft MoU has been made and the
army has informed the NHAI that
land of equal value (as the one to
be transferred to the NHAI) may be
soon identified in coordination with
the state government for transfer
to defence authorities,” said an
official.
The move comes in the wake
of Gadkari’s mandate for the NHAI
to prioritize completion of over two
dozen identified projects. To fast-track
decision-making, the minister had
also agreed, in principle, to empower
the NHAI board appropriately, tweak
the contract conditions or have in
place a new contract agreement.
These steps, it is believed, would
leave little scope for arbitration and
legal hassles.
Master Plan Delhi 2021
nearing completion
The Master Plan Delhi (MPD)
2021 is nearing completion as the
advisory committee, headed by Lt-
Governor Najeeb Jung, is clearing
the inclusion of two separate chapters
on environment and transportation.
After being under review for one-and-a-
half years, the manual for Delhi’s
development — MPD 2021 — is
expected to be rolled out within two
months.
“After a marathon three-hour
meet, the advisory committee has
cleared the inclusion of the chapters
on environment and transportation
in the Delhi Master Plan,” said
Balvinder Kumar, Vice Chairman,
Delhi Development Authority (DDA).
Now, both chapters will go to public
for objection and suggestion. “These
two chapters were left as most of our
work is done, and therefore we think
that the Delhi Master Plan should be
ready in the next two months,” added
Kumar.
Kumar is also the chairman of the
DDA, the urban body which prepares
the Master Plan for the Capital.
“Transport Corridor and Metro Corridor
have been discussed in it and we
are also discussing Transit-Oriented-
Development (TOD) in such areas,
that is, to take up the development
activities closer to transportation
facilities,” said a DDA official.
On the land use, the Master
Plan will also see a new concept of
‘land pooling’ as against just ‘land
acquisition’, so as to ‘increase the
partnership’ of farmers with the DDA,
said a senior DDA official.
“Earlier, farmers got compensation
for the land acquired from them. But
as per the new Master Plan, a group of
farmers, who own lands contiguous to
each other, can pool them together into
a unit as a landholder consortium, and
apply to the DDA as that consortium,
after which, the DDA will keep a certain
percentage of the land and the rest can
be used by the consortium for their
own development work,” the official
maintained.
NHAI, defence ministry soon
to clear armed forces roadblock
5. IN PERSON June 23-29, 2014 5
‘I use natural materials and forms
in my designs’
spaces for. While designing a space
my starting point is the flow of space
which caters to all the specifications
given. All my designs give me a high,
especially the happiness seen in my
clients.
Elements like wood, stone and
fabrics in silk and cotton have
significance in your projects.
What so much importance to
them?
Design is such a fluid thing,
and I love to experiment. Fusing
these materials gives me stylistic
influences which are very appealing
to the senses.
How do you plan out the budget of
each project, considering the cost
and cost over-runs?
Budgets can be controlled by the
choice of materials we use. We cut
down on space and the choice of
materials when faced with a block.
Nupur Madhav, Founder, Principal Interior Designer of Shankh
consultancy for design and manufacturing, in an interaction with Remona
Divekar, emphasizes that a vivid dialogue of materials, textures, hues and
colours teamed with modern silhouettes is capable of crafting customized
design solutions of utmost quality
Crafting furniture, furnishings
and accents for over 17 years,
Shankh offers consultancy for design
and manufacturing. When creating
design it is necessary to think of the
house in totality that is a series of
spaces linked together by halls and
stairways.
Interior design elements should
be the same, but they should work
together and complement each other
to strengthen the whole composition.
A way to create this theme or storyline
is with the well-considered use
of colour. The colour schemes in
general are a great way to unify a
collection of spaces.
How did you zeroed in on the
curious name, Shankh?
Shankh is a beaut i ful form
traditionally as well as visually -- a
pearl’s nest! Likewise, I create
nests -- residences and working
environments -- for my clients who
are as precious as pearls.
Tell us about the early days of
Shankh, its initial journey since
inception.
In the initial years to increase
visibility, Shankh had participated in
various exhibitions where quality and
finishing was always appreciated.
The st y l i zed inf luence in our
products always caught the eye of
customers.
I visited exhibitions and stores
across Europe to update myself
with the ongoing trends and then
incorporated the same in my style
cohesively.
How do you justify the idea of
using the purity of material in their
basic forms? Are the materials you
use based on sustainable lines?
I like purity in thoughts, hence the
use of natural materials and forms.
Pure cottons and silk, natural wood,
stone, etc are the materials used by
me. I consciously avoid artificial fiber.
India is a tropical country and the use
of these materials is cohesive to the
environment, weather conditions and
our culture.
Which was the first project you
accomplished?
My first project was a 4,000 sq ft
residence in South Delhi.
What do you basically focus on
and what kind of projects give
you a high?
My main focus while designing
is the person I am designing for. I
like to study the people I design the
Currently my projects involve a 5,000
sq ft apartments (four apartments
each) in Royal Retreat towers of
Charmwood village, two apartments
in Gurgaon, a bungalow of Chhavi
and Deepak Methi, Noida and a
bungalow of Manish Gaur, Noida.
I am also working on export
houses in Okhla, Noida and corporate
offices in Gurgaon, Okhla, Noida and
Trivandrum.
Which is the most challenging
project you have done so far?
All my projects are a challenge until
they are satisfactorily complete.
How do you overcome taxing
aspects of your work?
Staying within a budget is a
challenge, and chances of going
overboard are always high. The only
Which alternate materials have you
used in your projects?
Yes, I did a fusion of raw brick wall
with metal and glass for an export
house.
Tell us about your residential,
commercial, office and industrial
projects.
I have done numerous interiors
of residences in Delhi, Jaipur, Patna,
Ahmedabad and other cities, along
with a residence project for window
dressings in the Nether lands.
way to overcome them is by doing
your homework well and thorough
before execution. Designing any
space towards final details always
helps.
What new can we expect from
Shankh in coming days?
We are working on creating a
fusion look with rustic and modern
minimalistic styles. They would
be more visible in my coming
projects.
Prestige to develop
Hotel Leela’s surplus land
Hotel Leela Venture has signed
a joint development agreement with
Prestige group to develop its surplus
land in Bengaluru.
The project , Prest ige Leel a
Residences, will come up on Leela’s
land on Old Airport Road next to its
hotel Leela Palace, at an expected
DDA to roll out largest-ever housing scheme
The largest-ever housing scheme
of the Delhi Development Authority
will be rolled out for city dwellers by
July-end, offering over 26,000 flats
across various categories with most
of them being built with ‘Green’
technology, said a top official of the
housing body.
“We have 24,000 one-room
apartments and another 2,000-2,500
flats lined up in the DDA, 2014, housing
investment of around Rs 110 crore.
The deal is part of Leela Venture’s
strategy to monetize non-core assets.
Confirming the development, Venkat
K Narayana, Executive Director &
CFO of Prestige Group, said, “Leela
has offered us 8,027 sq m land next
to Leela Palace.”
scheme. The houses will be spread
across Rohini, Narela and Dwarka and
will be priced from Rs 14-15 lakh to Rs 1
crore. And we should be able to launch
the largest-ever scheme by July-end,”
said DDA Vice Chairman Balvinder
Kumar. The much-awaited scheme
comes four years after the DDA offered
over 16,000 flats in its 2010 scheme.
“While 24,000 flats will be low-cost,
the remaining 2,000-2,500 flats will
The project is spread over 0.36
million sq ft. “The Prestige has 60
per cent interest in the project and
we plan to take up construction
this fiscal,” he added. Similarly, the
company has signed an agreement
with the Bhartiya Group for managing
a Leela Hotel, near the international
airport, with 250 guestrooms and
a convention centre for 1,500
people. As part of its non-core asset
monetization drive, the company had
sold its 3.5-acre plot at Banjara Hills,
Hyderabad.
be available across LIG, MIG and
HIG categories. We will soon hold a
meeting to discuss whether the one-room
flats would be made available to
all or only to the economically weaker
sections,” said Kumar said.
Talking about the features of the
flats, he said, “Most of the houses
are pre-fabricated and have Green
features, used for the first time in the
DDA houses.
Donald Trump to scout
for fresh tie-ups
New-York based real estat e
moghul Donald Trump will make
his maiden trip to India this year in
August.
Though his India itinerary is being
firmed up and under tight wraps,
cementing two new realty deals and
scouting for fresh tie-ups to expand
his company, Trump Organization’s
global footprint into India is set to
be the high point of Trump’s India
agenda.
One of the two deals includes
a yet-to-be announced residential
project wi th ex i s t ing par tner
Panchshil Realty in Pune. The formal
inking of the Trump Tower deal in
Mumbai, announced earlier with
Lodha Developers, is also part of
the agenda.
The new Trump Tower project to
be announced in Pune with Panchshil
Realty would comprise 6,000 sq ft
size river-front apartments spread
across 1.2 million sq ft, while the
Lodha project comprises a 77-storey
residential Trump Tower in Worli, in
Mumbai.
The latter would be the signature
tower in The Park project, which is
part of Lodha’s 17.5 acre township
in Worli. Sources indicated that
the Lodha-Trump deal is valued
at around Rs 160-170 crore. Both
the ultra-premium luxury projects
would be owned, developed and
promoted by local developers, with
Trump lending only his brand name in
return for a fee, as part of the brand
licencing deal arrangement.
According to industry watchers,
brand licencing tie-ups are a win-win
strategy for both sides, as it involves
zero investment by the foreign
party, and allows local developers
to leverage their Indian brand at a
global level.
6. PROJECST UPADET June 23-29, 2014 6
Phase-1 of Mumbai’s
new int’l airport ready by
Dec’18: Cidco
The first phase of the proposed
Rs 14,500-crore global airport at Navi
Mumbai would be ready by December
2018, said the City & Industrial
Development Corporation (Cidco)
of Maharashtra Vice Chairman &
Managing Director Sanjay Bhatia.
The body is the nodal agency for the
project.
Bhatia said settlement of disputes
with almost all villages for smooth
land acquisition was Cidco’s priority.
The agency is developing a 600-
square-metre township for the airport,
he added. Other than the airport,
Cidco has started infrastructure
development of Rs 20,000 crore for
the nodes managed by it in Navi
Mumbai.
The other key infrastructure projects
Cidco has undertaken in Navi Mumbai
include the Rs 2,100-crore metro rail
one, the Rs 1,412-crore Nerul-Belapur-
Uran railway one, the Rs 1,450-crore
Balganga dam to ensure drinking
water to the city and several others
like coastal roads and bridges.
Cidco has prepared a three-year
plan for development of 13
schools, four professional colleges,
one degree college, 32 hospitals, 34
religious and spiritual centres and
77 social welfare centres, including
hostels, indoor sports facilities and
community centres in the nodes being
developed by it. Cidco has chalked
a plan to construct 6,000 affordable
houses.
On links between Mumbai and
Navi Mumbai, Bhatia said the state
government was reactivating the
Mumbai Trans Harbour Link, while
the Jawaharlal Nehru Port Trust was
doubling its capacity to handle large
ships.
Kargil tunnel project to get fillip
with Centre push
Wi t h f a s t t r a c k i ng borde r
infrastructure high on Narendra Modi
government’s priority, a crucial road
link project that will provide round
the year connectivity between the
strategically important areas of Kargil
and Leh and the rest of India through
a 14 km long tunnel across Zojila --
one of the highest mountain passes in
India -- has got a fresh impetus.
Road Minister Nitin Gadkari is
pushing for expediting the Zojila
tunnel project, which despite getting
approved by the cabinet last October,
failed to take off because of differences
between the Road Ministry and the
Planning Commission over its funding
model.
The proposed Rs 9,000-crore Zojila
project along with another 6.5 km long
tunnel at Z-Morh in Sonmarg -- where
work started in 2012 -- will provide
round-the-year road connectivity to
Kargil and Leh.
High-speed trains
proposal being revived
The two-year-old plan favouring off-the-
shelf purchase of high-speed train
sets has been revived in the run up
to new railway minister DV Sadanand
Gowda’s maiden budget presentation
in Parliament next month.
Proposals mooted are that two
train-sets (costing between Rs 170-
300 crore a piece) be purchased
to provide India the quantum
technological jump that it needs
to fulfill its ambition of joining the
high-speed club – without having to
re-invent the wheel.
Capable of clocking 300-350 km
per hour, the train sets are proposed
to be run at speeds of 130 km per
hour on the existing tracks to reduce
the travel time between Delhi and
Mumbai and Delhi and Howrah by an
estimated three hours.
A presentation – envisaging the
possibility of purchasing these on
lease from the Japanese, French or
German vendors – was recently made
to the railway minister, sources said.
The ‘anti-import’ lobby opposes
the idea of ‘splurging money’ on
acquiring ‘fancy toys’ at a juncture
Representation only
when the crying need was to address
bread and butter issues of providing
for safe affordable travel to 2.3 crore
Indians who travel by train on a daily
basis.
They also point to the absurdity
of running the train tracks on ‘mixed’
Indian tracks, which carry both
passenger and freight trains.
The price of one coach of a high-speed
train is estimated between Rs
9 and Rs 12 crore. “For the money
that India will spend on importing train
sets, the entire fleet of the LHB-design
coaches can be upgraded to enable
them to run at speeds of 160km per
hour,” said an official.
The contrary view is that the
railways can get a jump-start in high-speed
technology by importing the
train sets. Proponents of this idea
point to studies conducted by the
UIC (International Organisation on
High Speeds), which show that the
train sets are capable of reducing
energy consumption by 29 per cent
and reduce travel time by 30 per cent,
besides providing for a 44 per cent
increase in average speeds.
While the completion target for
the first phase of the project which
involves building the 6 km long tunnel
at Z-Morh at an estimated of Rs 2,700
crore is 2018, the Zojila tunnel will take
seven years to be completed once
work starts.
“Be c a u s e o f i t s s t r a t egi c
importance, Gadkari does not want
any further delay and he is keen that
all formalities related to awarding
the project should be completed
within the next two months,” said an
official.
Indian road builders stand chance
to bid for Ghana projects
Major highway builders in India
have an opportunity to bid for 13 PPP
road projects in Ghana, including a few
that are being built through assistance
by the World Bank, said officials.
The potential projects on public
private partnership (PPP) mode in
the East African nation, as per the
Road Transport & Highways (RTH)
Ministry, include Accra-Takkoradi Road
in which the World Bank is assisting
the government to Ghana (GoG) to
prepare feasibility reports.
“Indian Mission at Accra (Ghana)
has sent a list of PPP projects in Ghana
to be circulated among potential Indian
companies who may be interested
in investing/participating,” said RTH
Ministry in a letter to the National
Highways Authority of India.
The NHAI will circulate the list to
the companies concerned. Besides,
there are several projects for setting
up toll booths.
Govt mulls new PPP mode
to spur infra projects
The government is mulling a
special platform to allow infrastructure
players to renegotiate already bid
public-private partnership (PPP)
projects, a move aimed at giving a big
push to infrastructure development in
the country.
Discussions have begun on
creating a ‘resolution panel’ in
line with global practices as the
government looks to breathe new life
into PPP implementation.
“A number of issues keep cropping
up in PPP, allowing renegotiation after
a project is bid out has emerged
as a crucial challenge in most
infrastructure sectors,” said an
official at an infrastructure ministry,
who is privy to deliberations on the
issue.
Most countries have a provision
for renegotiation of contracts under
the PPP mode. For example, South
Africa’s PPP unit is empowered to
approve changes in conditions.
Similar models are followed in many
other countries.
In India, renegotiation of contracts
has been done very selectively. C
Rangarajan, who was chairman of the
Prime Minister’s Economic Advisory
Council until last month, was asked
to look at resetting of premia for
road projects when a number of
projects got stuck in the economic
downturn.
The Finance M i n i s t r y had
recently called a meeting to discuss
what needs to be done for the
PPP framework to support the new
government’s big infra push.
“Renegotiation is necessary in
PPP. It happens all over the world and
is needed. It is humanly impossible
to make accurate forecast for 30-40
years,” said Vinayak Chatterjee,
Chairman, Feedback Infra Pvt Ltd.
A number of private players had
bid aggressively for road projects
but then sought reset of premia as
economic growth fell. The issue has
also been taken up by industry bodies
including CII with the government
time and again.
7. June 23-29, 2014 7
INFRASTRUCTURE
Call for innovative car parking systems
With land in metros
and ‘A’ grade cities
becoming scarcer and
dearer and plots getting
smaller, conventional
parking is proving
infeasible
India, the second most populated
country in the world, houses more
than 40 million vehicles and is the
only country which saw a growing car
sales even during the recession and
recorded the highest sales volume
during 2009 and 2010.
Since it has a strong domestic
market, the growth is expected to
be sustainable and to increase over
the next few years since India’s car
per capita ratio is currently among
the lowest in the world’s top 10 auto
markets.
However, the infrastructure
available for vehicles like roads
parking spaces has been a challenge
in most Indian cities.
Demand for parking
Our cities face a severe problem
of congestion due to runway growth
of personalized vehicles. The traffic
management in many cities is marked
by introduction of a series of one-way
traffic system. The one–way traffic
system has, however, implications
on pedest r ian safety and fuel
consumption.
One-way traffic is generally
d e s i r a b l e w h e n t h e r e a r e
complementary roads and additional
traveling distance is not more than
300m as per IRC. Hence, whenever
such systems are int roduced,
the interests of public transport
modes and pedestrians are duly
addressed.
The demand for parking in CBD
areas of our cities is twice the supply.
Acute shortage of parking supply is
witnessed in commercial areas and
indiscriminate parking impedes free
flow of traffic and cause accidents.
Automatic multi-storey car parks
provide lower building cost per
parking slot, as they typically require
less building volume and less ground
area than a conventional facility with
the same capacity.
However, the cost of mechanical
equipment within the building that is
needed to transport cars internally
needs to be added to the lower
building cost to determine total costs.
Other costs are usually lower too;
for example there is no need for an
energy-intensive ventilating system,
since cars are not driven inside and
human cashiers or security personnel
may not be needed.
Automated car parks rely on
similar technology that is used for
mechanical handling and document
retrieval. The driver leaves the car
in an entrance module. It is then
transported to a parking slot by
a robot trolley. For the driver, the
process of parking is reduced to
leaving the car inside an entrance
module.
Multi-level parking
A multi-level car parking system
is meant to maximize car parking
capacity by utilizing vertical rather
than horizontal space. However, with
land in metros and ‘A’ grade cities
becoming scarcer and dearer and
plots getting smaller, conventional
parking is proving infeasible.
It is often found that ramps or car
lifts consume so much parking area
that no increase in parking capacity is
possible. In such cases, mechanized
car parking systems make creation of
extra parking capacity feasible.
The Equivalent Car Space (ECS)
that can be accommodated at a
parking site would vary with the
technology used. Types of multilevel
parking currently available are as
follows:
Convent ional mul t i - level :
Conventional multilevel parking
system can be underground, above
ground or both under and above
ground.
The open parking structure is
preferable to enclosed structures for
above ground parking, as it does not
require mechanical ventilation and
specialized fire protection systems.
Automated multi-level: As
against cars being driven on ramps
or carried in car lifts to different levels
in conventional multilevel parking,
luggage occurs at the entrance and
exit location rather than at the parked
stall. This loading blocks the entrance
or exit from being available to others.
Whether the retrieval of vehicles is
faster in an automatic car park or a
self-park car park depends on the
layout and number of exits.
Multi-level car parking
initiatives
New Delhi Municipal Council:
A modern integrated multi-level
car parking complex was recently
opened in the busy Sarojini Nagar
area to decongest this popular
marketplace. This project is to be
developed by DLF for New Delhi
Municipal Council (NDMC).
The parking would accommodate
824 vehicles at an investment of INR
The car parking system will have
two 11-storey tower car parks for
accommodating 22 cars each and a
three-level puzzle park for 43 cars. At
Vashi Civic Hospital, there will be three
11-storey towers accommodating 22
cars each and a 7-storey puzzle car
park for 110 cars.
The total parking capacity will be
263 cars. In the tower system, a lift
ferries cars to a height and parks
them. In the puzzle system, which is
wider than taller, cars are fitted into
various vacant slots. Seven more
mechanized car parks have been
planned for; five of the multi-level lots
will follow the tower system and two
the puzzle system.
A h m e d a b a d M u n i c i p a l
Corporation: Kolkata-based Simplex
in the city where there is immense
space and parking crunch.
Restrict parking
International case studies prove
that providing innovative solutions
to parking problems and introducing
mass transit systems do a lot more
than just solve traffic problems. Such
solutions also result in increased
real estate values in a city, since
consumers are willing to pay more
for the convenience.
One method of addressing the
escalating shortage of parking
spaces in shopping areas would be
to restrict parking at few locations
and imposing heavy parking
fees. This would go a long way in
creating space availability, making
the pathways outside malls more
pedestrian friendly and generally
enhancing the livability of the city’s
urban environment.
Automated multi-level car parking
facilities at important locations are
also a viable way of addressing
parking requirements. They can
contribute significantly in reducing
traffic congestion.
These should ideally be developed
near public transit points, within
walking distance of key destinations.
International property consultancy
JLL is now actively advising many
city authorities and developers on
such solutions. MLCPs are now being
implemented on a design, build,
operate and transfer model via public
private partnerships.
Commercial scope
In order to make such projects
financially viable, the Strategic
Consulting division at JLL India
suggests that certain portions of
the development be laid open for
commercial exploitation. Incentives
such as additional FSI and a revision
in existing parking fees need to
be offered to private developers in
order to increase their interest levels
in participating in MLCP projects.
There is definitely scope for making
these developments, which should
now qualify as vital infrastructure,
more popular.
The concerned authorities need
to impose strict penalties on owners
of commercial buildings who do not
provide adequate parking facilities.
At the same time, more FSI could
be offered to developers for new
developments in certain locations if
they contribute free parking spaces.
Meanwhile, the recent introduction
of automated parking meters in
four of Chennai’s key locations has
the potential for introducing a new
dimension of parking discipline.
However, there is still a general
lack of awareness about these
parking meters and the purpose
they serve. Along with awareness
and compliance enforcement, the
number of such meters also needs to
be increased in various commercial
areas of major cities.
Above all, policy reforms and
their implementation are the most
effective tools in providing efficient
parking solutions and management.
In the long run, citizens will need to
revise their perceptions about the
use of private vehicles and exhibit
an increasing preference for public
transportation.
A Shankar
Head–Strategic
Consulting Chennai,
Coimbatore and
Colombo JLL
cars are driven at only one level for
parking or retrieval.
Cars are parked in steel pallets -- a
target pallet rides up or down to the
driveway level at the press of a button
for parking or retrieval. Technologies
used for automated parking systems
are of the following types:
Puzzle Type or Modular; Elevated
Type or Tower; Multi-Level Floor
Parking; Multi-Level Circulation
Automated Parking System; Rotary
type; TD (Stacker) System.
Lower building cost
Automatic multi-storey car parks
involve lower building cost per
parking slot, as they typically require
less building volume and ground area
than a conventional facility with the
same capacity.
However, the cost of the mechanical
equipment that is needed within the
building to transport cars internally
needs to be added to the lower
building cost to determine total costs.
Other costs are usually lower too;
for example, there is no need for an
energy-intensive ventilating system,
since cars are not driven inside and
human cashiers or security personnel
may not be needed. Automated car
parks rely on technology similar to
that used for mechanical handling
and document retrieval.
The driver leaves the car in an
entrance module, and it is then
transported to a parking slot by
a robot trolley. For the driver, the
process of parking is reduced to
leaving the car inside an entrance
module.
At peak periods, a wait may be
involved before entering or leaving
because loading passengers and
80 crore on a Built-Operate-Transfer
basis. Similar car parking facilities are
being planned at Baba Kharag Singh
Marg and Kasturba Gandhi Marg.
Municipal Corporation of Delhi:
A fully automated multi-level car
parking complex is planned at
Mandalia Chowk in Kamla Nagar.
The parking complex is planned to
accommodate 828 cars and 300 two-wheelers
and will be constructed by
the Municipal Corporation of Delhi at
a cost of INR 110 crore within a period
of two years.
The MCD has identified 24 sites
that will be developed into parking
sites at Lajpat Nagar, Rani Bagh,
Greater Kailash-I, Defence Colony,
Karol Bagh, South Extension, Mori
Gate, Greater Kailash-II, Qutub Road
and Rajouri Garden.
Delhi Development Authority
(DDA) has already invited tenders for
nine plots to build multi-level parking
lots in the Capital. These plots will
be developed on a Public Private
Partnership (PPP) basis, similar to the
model followed by the agency for its
Nehru Place multi-level parking lot.
The parking lots, which will
have anywhere between three to
seven levels depending on size and
location, will be built at community
centres or district centres in Dwarka,
Janakpuri, Hari Nagar, Wazirpur,
Okhla, Motia Khan, Mayur Place and
Yamuna Vihar.
Nav i Mumb a i Mu n i c i p a l
Corporation has planned to set up
a multilevel car parking system at
Vashi, Navi Mumbai, at two locations
-- Sector 17 and near the Civic
Hospital -- with a project cost of INR
10 crore.
Projects Ltd has received offers to
set up an automated multi-level car
park here. Simplex Projects has to
its credit the country’s first multi-level
car parking system Parkomat at New
Market in Kolkata.
The design and technology for car
parking systems are acquired from
the Netherlands, Italy, Switzerland
and Korea and are usually assigned
projects on a built-own-operate-transfer
basis.
Bengaluru Mahanagar Palika is
planning to construct five new multi-level
car parking complexes over the
current year, 2014 at an estimated
cost of INR 20 crore. Around 15 such
new car parking complexes will be
built at an estimated cost of INR 60
crore.
Car parking complexes have
been planned in various parts of the
city such as MG Road, Commercial
Street, Shivaji Nagar, KG Road,
Gandhi Nagar, KR Market, Mysore
Road, Jayanagar Shopping Complex,
Malleswaram and Seshadripuram.
The BMP has already taken steps
to construct three multi-level car-parking
complexes on JC Road,
Kempegowda Road and Magarath
Road.
Hyderabad Urban Development
Authority (Huda) is planning a multi-level
car parking complex in private
partnership, close to the NTR Garden
on the Buddha Purnima Road. An
extent of 2.5 acres of area has been
earmarked for the complex that would
accommodate about 1,000 cars,
besides 500 two wheelers.
Kolkata Municipal Corporation has
been tying up with private companies
to venture into automated MLCP
8. AELR AEESTT June 23-29, 2014 8
A tale of 2 states
The investor community
has expressed optimism
over the future of both
the newly formed states
of Telangana and the
new Andhra Pradesh
Hyderabad emerged as a dominant
growth narrative of post-liberalization
India, between the late ‘90s and the
mid-2000s, attracting significant
investments from global technology
majors such as Microsoft, Google and
General Electric.
During 2005-08, the city’s organized
office space market grew by a CAGR
of approximately 23 per cent, touching
nearly 23 million sq ft by 2008. Following
the political upheaval over the creation
of a new state (Telangana), however,
growth slowed down to almost 11 per
cent between 2008 and 2013. Foreign
investment into the parent state of
Andhra Pradesh also nosedived from
$1.2 billion in 2008-09 to $848 million
in 2011-12.
After the creation of the state of
Telangana, numerous infrastructure
proposals such as a Metro rail project,
Information Technology Investment
Regions (ITIRs), and other political
initiatives, have been lined up to
resuscitate Hyderabad as yet another
dominant driver of India’s economic
growth narrative. The paper, ‘A Tale
of Two States’,places the spotlight
on Hyderabad, and its resurgence
on the national radar. It examines the
impact of the bifurcation on the joint
state capital—as an investment hub,
as well as a real estate narrative. The
viewpoint also touches upon potential
opportunities the region is likely offer,
going forward.
Optimism over the future
The long standing demand for
a separate state for the Telangana
region was finally addressed with
the passage of ‘The Andhra Pradesh
Reorganization Act-2014’ in both the
houses of Parliament in February 2014.
The formally appointed date for
the creation of India’s 29th state
was June 2, 2014. This development
has evoked mixed responses from
industry stakeholders within, as well as
outside, the erstwhile state of Andhra
Pradesh.
The investor community at large
has expressed optimism over the
future of both the newly formed states
of Telangana and the new Andhra
Pradesh (comprising Seemandhra
and Rayalaseema), amid anticipation
of a stabi l ized socio-pol i t ical
environment.
Against this backdrop, CBRE has
briefly examined the impact that the
bifurcation has had on the status of
the joint state capital of Hyderabad
as an investment hub, as well as a
real estate story. This brief report also
touches upon issues concerning the
bifurcation process, besides the extent
of potential opportunities the region
would likely offer, going forward.
Hyderabad growth story
Hyderabad’s real estate growth
timeline amid the bifurcation
process may be broadly classified
into two phases—the pre-2008 era,
characterized by strong growth,
and the post-2008 era of subdued
performance.
Strong growth era (2005-2008):
The emergence of a skilled and
mobile workforce (aiding robust
demand levels) in the city worked as
a positive externality for the residential
segment too, with the city’s organized
apartment stock witnessing a CAGR
of approximately 37 per cent during
this period.
This was led by the Western regions
largely directed by low rental values
(which declined in 2009 and 2010)
instead of the other way around (as
was the case during 2005–08).
The overall cautious sentiment
impacted the residential segment too,
with the city’s organized apartment
stock witnessing a CAGR of 15 per
cent during this period, as developers
slowed down on new launches amid
stable demand levels.
Foreign investments too were
impacted due to the prevailing
uncertainty, with FDI in the state
witnessing a y-o-y decline to reach
$848 million in 2011-12. Although
investments did improve in 2012-13,
they were still at a level lower than what
was witnessed in 2008–09.
Common capital
A key contentious issue at the centre
of the state bifurcation process was
the status of Hyderabad. The Andhra
Pradesh Reorganization Act 2014
has notified the Greater Hyderabad
Municipal Corporation (GHMC)
purview area as the common capital
for the states of Telangana and Andhra
Pradesh for a period not exceeding 10
years, ending the uncertainty looming
over the capital city. A large section
of industry stakeholders feel that this
clarity will now provide that much-needed
impetus to propel investment
flows into the city.
Destination for investors
With more lucidity having been
achieved on the political dynamics
now, the inherent strengths of both
the successor states—together with
several initiatives proposed by the
Central government —are expected
to present significant opportunities
for potential investors interested in
Hyderabad.
As the city boasts of having one of
the finest infrastructure settings in the
country today (featuring an eight-lane
Outer Ring Road expressway, among
others), and with it having crossed
the erstwhile unstable socio-political
climate, a sustained growth phase is
expected to begin in the near future.
If the economic initiatives witnessed
in and around the city during 2005-08
were a testimony to the attractiveness
of the city for investors, the days to
come will surely offer opportunities for
the investor community.
The city continues to further
augment its leadership position in
infrastructure with the execution of
large scale initiatives, such as the
Hyderabad Metro Rail project. The
three-line network spanning 71.16
km is aimed at easing congestion
and providing seamless connectivity
between the city’s key nodes, with
the initial Nagole–Mettuguda stretch
of Line 3 to become operational by
March 2015 (project completion is
expected by 2017).
T h e o t h e r k e y adv a n t a g e
of Hyderabad is the affordability
spectrum of its real estate. Currently,
capital values for land as well as for
commercial real estate are among the
lowest compared to other metropolitan
centres such as Bengaluru, Mumbai
and New Delhi.
Coupled with a skilled workforce,
a highly valued IT sector, and a first-mover
advantage in sectors such
as pharmaceuticals, bio-technology,
semi-conductors and other services,
this is expected to drive retail as well
as large-scale institutional investors
into the city in the near future.
Economic initiatives
Already announced economic
initiatives include the setting up of the
Information Technology Investment
Regions (ITIR) in Hyderabad and
Visakhapatnam to attract large
investments into IT and allied
sectors.
Other inves tment s include
the development of two National
Investment and Manufacturing zones
(NMIZ) at Prakasham and Chittor
districts of Andhra Pradesh, together
with one in Medak district of Telangana,
among others.
New economic/administration
centres for the new state of Andhra
Pradesh are yet to be identified. Different
districts from the Rayalaseema and
Coastal Andhra regions are vying for
potential new economic/administration
centers in the hopes of garnering
investments and infrastructure that, in
turn, could spur growth and trigger a
rise in real estate prices.
These centres will be developed
with facilities such as an assembly,
secretariat, and high court, among
others—highlighting the magnitude
of opportunities such a division could
bring along. The development of
these centers is increasingly seen as
the gateway to economic prosperity.
Some of the leading districts/regions
that could qualify are Visakhapatnam,
the Vijayawada-Guntur region, Ongole,
Tirupati, and Kurnool, among others.
Multi-pronged approach
With a gradual improvement in
the global economic scenario, and
the anticipated political stability at
the Centre and at the state level after
the General and Assembly Elections,
respectively, Hyderabad is expected
to show improvement in activity in the
real estate sector.
Going forward, the ability to adopt a
multi-pronged approach for achieving
overarching growth would be critical to
the economic success of the region,
as well as the city. This approach
should ideally focus on rejuvenating
economic sentiments, improving
infrastructure, as well as ensuring
prolonged political stability to attract
investments to the region.
Socio-economic transformation amid
political stability: Growth fundamentals
driven by a strong institutional base,
encouraging government policy
framework, private sector participation,
large scale infrastructure initiatives—
such as transport corridors, special
economic zones (Sezs), and promising
demographic dividends of sustained
socio-economic transformation—
paved the way for significant expansion
of the real estate sector in the city.
From the late ‘90s to the mid-2000s,
Hyderabad evolved as one of post-liberalization
India’s global growth
narrative, attracting investment from
technology majors such as Microsoft,
Oracle, Google and General Electric.
The development of HITEC City
(comprising software technology parks
and Sezs), as an integrated technology
township offering infrastructure
support to propel the growth of the
regional IT industry, led to significant
development in locations such as
Madhapur, Gachibowli, Kondapur,
Manikonda and Nanakramguda.
Consequently, the total available
commercial office space (led by
IT/ ITeS) in the ci ty grew at a
compounded annual growth rate
(CAGR) of approximately 23 per cent
between 2005 and 2008 to touch
more than 23 million sq ft, with almost
comparable absorption levels. Such
healthy demand-supply dynamics
amid positive market sentiments,
drove office rental values northwards
with the market peaking in 2008.
of Kondapur and Madhapur, among
others (owing to their proximity to
the commercial hub in the west). The
city’s growth narrative was further
strengthened by the inflow of foreign
capital during this period; and foreign
investment flows received by Andhra
Pradesh (led by Hyderabad) during
this period touched approximately $1.2
billion in 2008–09.
Setback to growth (2009-2013):
Bifurcation amid weak global economic
scenario: The announcement to
create a new Telangana state in
2009 and the events unfolded post
the announcement, amid a global
economic downturn, significantly
altered the growth prospects of the
city—marking the beginning of a
period of subdued growth in the
middle of cautious investor and end-user
sentiments.
Demand-supply dynamics
Slowdown in construction activity
and low commitment levels led to a
decline in new space addition in the
commercial office market, which grew
by a CAGR of only about 11 per cent
post 2008, to touch approximately 39
million sq ft at the end of 2013.
Increased vacancy levels were also
witnessed in suburban and peripheral
micro-markets, with total occupied
space growing by just about 13
per cent during the period to touch
approximately 34 million sq ft.
While the market grew, albeit at
a slower pace, the demand-supply
dynamics during this period was
Anshuman
Magazine
Chairman &
Managing Director,
South Asia CBRE
9. EQIUPEMNT June 23-29, 2014 9
APAC CE market to grow
by 22 pc during 2013-18
vendors to differentiate themselves
from other vendors by providing
innovative and value-added services.
Therefore, construction equipment
vendors are offering equipment on
lease.
Hence, some construction
equipment vendors have started
of f e r i ng equ ipme n t s u c h a s
excavators, wheel loaders, motor
graders, crawler cranes, truck cranes,
and truck mounted cranes on a rental
basis.
T h i s a l l o w s c o s t - d r i v e n
organiza t i o n s i n developing
countries to opt for the latest
technology construction equipment
at minimal cost, thereby improving
their operational productivity. Thus,
the option of renting construction
equipment encourages customers
to use a wide range of construction
equipment.
The infrastructure industry in key
developing countries such as China,
India, and South Korea is expected to
attract a high level of investment based
on its various planned construction
projects to develop the countries´
transportation, housing, and energy
infrastructure facilities.
Further, a major challenge in the
market is the increasing cost of
construction equipment. The prices
of construction equipment are
increasing due to the rising prices of
raw materials.
First Grove RT550E supplied
in Singapore
Daiya Engineering & Construction
Pte Ltd has taken delivery of the first
Grove RT550E rough-terrain crane in
Singapore. The 45 t capacity crane,
which offers the highest capacity and
longest boom in its class, at 39 m, has
already been commissioned to build
luxury villas in downtown Singapore.
Manitowoc’s local dealer, JP
Nelson, supplied the crane to Daiya,
which specializes in residential
construction. The company chose the
versatile and reliable Grove RT550E
because it needed a compact crane
that can access narrow roads and
offer impressive reach, as Eric Foo,
senior operations manager at Daiya,
explains.
“The RT550E has a very long boom
but a small footprint, and is quick and
easy to set-up – it’s perfect for us,” he
says. “We often have to travel down
narrow roads and have limited time
on site so we need a fast and reliable
crane. We know that Manitowoc Crane
Care after-sales support is on hand to
keep us up and running – all of which
gave us the confidence to buy this
great new crane.”
Daiya’s Grove RT550E is currently
working on a six-month project
(L-R): Li Fook Seng, Manitowoc; Leonard Siow, JP Nelson; Eric Foo, Senior Operations Manager,
Daiya; Tan How Sun, Machinery Coordinator at Daiya; Andrew Tan, Antar Crane Services
(subsidiary of JP Nelson
building luxury residential homes
on two job sites located adjacent to
one another in downtown Singapore.
The crane is moved between the two
sites to lift a wide variety of general
construction materials including
sheet piling, steel bars, concrete
and timber. Being moved regularly
and lifting irregular loads means the
crane’s fast set-up time is greatly
appreciated and ensures the project
continues to progress on schedule.
With many of its job sites located
in congested areas, Daiya must
minimize disruption to the local
area.
The Grove RT550E’s new Crane
Cont rol System automat ical l y
configures boom length to suit
specific loads and radii so operators
can perform more lifts in a shorter
The construction equipment market
in the Asia-Pacific (APAC) region is
forecast to grow at a CAGR of 22.12
per cent over the period 2013-2018,
according to a new market research
report by Companiesandmarkets.
One of the key factors contributing
to this market growth is the increasing
investment in the infrastructure
industry. The construction equipment
market in the APAC region has also
been witnessing an increase in
adoption of construction equipment
on a rental basis.
However, the increasing cost of
construction equipment could pose
a challenge to the growth of this
market. Key vendors dominating this
space include Komatsu Ltd, Sany
Group Co Ltd, Caterpillar Inc, Hitachi
Construction Machinery Co Ltd,
AB Volvo, Zoomlion Heavy Industry
Science & Technology Development
Co Ltd, and Doosan Infracore (China)
Co Ltd.
Other vendors mentioned in the
report are Chengdu Kobe Steel
Construction Machinery Co Ltd,
Guangxi Liugong Machinery Co Ltd,
Guangxi Yuchai Machinery Group Co
Ltd, Hyundai Group, Sumitomo Heavy
Industries Ltd, XCMG Group, and
Xiamen XGMA Machinery Co Ltd.
Though several organizations
across industries prefer latest
construction equipment technology
in order to improve their productivity,
several SMEs find it difficult to buy
such equipment because of the high
cost.
In addi t ion, the increased
competition among vendors is forcing
time, without compromising on the
quality of the work.
The Grove RT550E’s 39m boom
can be extended to 47 m using an
8 m fixed swingaway jib attachment.
At 12 m long and 2.55m wide, the
compact Grove RT550E is ideal for
jobs that require a small footprint, but
a high capacity.
Established in 1992, JP Nelson
is a leading construction equipment
company based in Singapore. The
company supplies a wide range of
cranes and provides comprehensive
after-sales support for all Manitowoc
cranes across the country.
Establ ished in 1987, Daiya
specializes in the construction of
private housing. The company owns
a small fleet of crawler cranes and
boom lifts.
New drive for CE,
building-machinery
sector
Prime Minister Narendra Modi
is known for rapid decision-making
and promoting the urgent need
to invest. Indian and international
trade associations, institutions and
companies feel that his leadership
could result in some promising
possibilities.
Amit Gossain, President of the
Indian Construction Equipment
Manufactures’ Association (iCema),
is optimistic. “We have a lot of hope
from the new government which we
are sure will work hard to ensure
projects of national importance are
on the ground very quickly. This will
be good for infrastructure, for the
equipment industry and of course for
India,” he said.
Raman Joshi, Vice President &
General Manager for Asia-Pacific at
Manitowoc Cranes, said, “In an election
year there is always uncertainty. Now
that uncertainty is over and we can
look ahead to some prospective
developments that we hope will have
a positive effect on our industry.
“With Mr. Modi’s strong background
i n e c o n omi c d e v e l o pme n t ,
infrastructure, and creating a business-friendly
atmosphere, we hope he will
be able to drive through the necessary
changes to push the Indian economy
to the next level.”
Sushanta Kumar Basu, President
of the Builders’ Association of India
(Bai), said, “Though the growth rate
has stabilized recently, the initiative
proposed by the new government will
certainly rejuvenate the Indian economy
to greater heights.” As Johann Sailer,
Chairman of the Association for
Construction Equipment & Building
Material Machines in the German
Engineering Federation (VDMA),
confirms, the German market is also very
positive about the results of the election.
“This is the first time since 1991 that
a party has won an absolute majority,
so the prospects for stability are quite
promising. For now, that is having
a positive effect on construction-equipment
and building-machine
manufacturers who do business in
India. We are hoping that India will
recover now. Prime Minister Narenda
Modi is considered business-friendly,
and expectations are high,” said Sailer.
In other words, the outlook for the
industry and, therefore, for the Bauma
Conexpo Show–bC India, which takes
place at the India Expo Centre in
Greater Noida/Delhi from December
15-18, 2014, is very positive.
Comansa Jie tower
crane in the pool
The luxury hotel, the Royal Garden,
in Hong Kong is located in Kowloon, an
urban and modern district with one of
the highest densities of population of
the world. This 5-star hotel is a haven of
peace in a full-of-life atmosphere, with
narrow streets crowded of people and
traffic. It is precisely this environment
which meant a great challenge for
the company Teamfield Building
Contractors Ltd, responsible for the
extension works of the hotel, which will
grow from the current 12 floors to 15
floors by the end of the year.
Due to the requirements of the
project, it was necessary to have a
tower crane on the roof, but the height
of the building and the narrow streets
surrounding the hotel were quite an
impediment to erect it.
At this point, the work of Linden
Comansa’s official distributor in Hong
Kong, Proficiency Equipment Ltd,
was essential in order to move in the
right direction. Proficiency Equipment
worked closely with Teamfield to
understand their needs, evaluate the
difficulties of the environment and
come up with the solution to all the
problems.
Proficiency Equipment supplied to
Teamfield a 10CJ140 tower crane from
of Comansa Jie, Chinese subsidiary
of Linden Comansa. Its modular and
lightweight sections and components
ensured a quick and easy erection,
and by its technical features (maximum
load of 8 tons), the crane was ideal for
the work on the roof of the ‘Royal
Garden’ hotel, whose business will
remain running during the entire
construction progress.
And on the other hand, their
experience in lifting jobs allowed
Proficiency Equipment to devise a
crane assembly system that was
economically viable and that could
follow a planned sequence to the
millimeter, as due to problems with noise
and traffic, they could only work from
Monday to Friday from 10 am to 4 pm.
For the erection of the tower crane,
two derrick cranes with 1 and 5 tons
of maximum load capacity respectively
were mounted on the roof. These two
cranes were used to lift, from the side
of the building, the components of a 16
ton roof crane, which once assembled,
served to erect the Comansa Jie
10CJ140 tower crane.
The tower crane was required
to sit over the roof without any hole
drilling on the permanent structure.
Therefore, a 6 meter folding cross
base was placed inside the rooftop
pool, saving a 1.27 meter drop in
the swimming pool by using support
pieces and leveling the base using the
height-adjustable pyramids.
When a few tower sections were
assembled, a hydraulic jacking cage
was added to the tower, and finally the
different sections of the rotating part
were added.