Assessment Of Construction Industry And Analysis Of Commercial Real Estate Project Quot Inceptum Quot

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Assessment of Construction Industry and Analysis of
Commercial Real Estate Project “Inceptum”
ASSESSMENT OF CONSTRUCTION
INDUSTRY
AND
ANALYSIS OF COMMERCIAL REAL
ESTATE PROJECT “INCEPTUM”
CONSTRUCTION INDUSTRY IN INDIA
Prepared by:
Dhairya Bhavin Mehta
SEPTEMBER2020

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DECLARATION
I hereby state that to the best of my knowledge and belief, the project report entitled
“Assessment of Construction Industry and Analysis of Commercial Real Estate Project - Inceptum”
being submitted as a project work carried out from January – September 2020 (29th March to 1st
June was lockdown due to Covid-19), under the guidance of engineering team at Inceptum and
cost control & analysis team at Head Office, is my original work. I abide that all the data present in
this report will be treated with utmost confidentiality.
Date: 10-Sep-2020
Place: Ahmedabad
Dhairya Bhavin Mehta,
Class 12, Eklavya School.

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ACKNOWLEDGEMENT
A student can learn about various areas of study with the help of people who specialize in them.
Their job is to be respectful and thankful to their teachers since they put a lot of time and effort in
order to teach them new things. The same applies to me and my project on “Assessment of
Construction Industry and Analysis of Commercial Real Estate Project – Inceptum”.
I would like to express my profound gratitude to Harish bhai, Nita Patel, Iyaz bhai, Ankit bhai. These
people taught me about the several topics and details regarding the construction site. In the hard
times of the pandemic, they walked me through different parts of the site explaining to me what raw
materials were to be used, what sub structures were built and how they used project plans, software
and drawings to accomplish daily/ultimate goals.

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ABSTRACT
I have done my project on “Assessment of Construction Industry and Analysis of Commercial Real
Estate Project-Inceptum” because Real estate is very interesting subject as it is vast and includes
people, the economy, Innovation and engineering; which is why I wanted to study the real estate
and construction industry. Over the years I have developed my interest in this field and given the
opportunity I did an observer ship at the site and made a report on the same.
I have talked about the construction sector in India, how COVID-19 has impacted it, what is the point
of view of developers and consumers on the idea of the global pandemic causing problems to them,
their business and the sector as a whole and I have done some study on the site Inceptum, which is a
commercial project of Constéra Realty.

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TABLE OF CONTENTS
REAL ESTATE & CONSTRUCTION INDUSTRY IN INDIA.........................................................................7
REAL ESTATE AND CONSTRUCTION INDUSTRY SEGMENTS................................................................7
TOP 8 CITIES CONTRIBUTTION TOWARDS GROWTH OF REAL ESATE INDUSTRY ...............................9
INDIA ADVANTAGE..............................................................................................................................9
GUJARAT – A STATE OF OPPPORTUNITY AND LUCRATIVE INVESTMENT DESTINATION..................10
AHMEDABAD MARKET SNAPSHOT ...................................................................................................11
COVID-19 PANDEMIC - A SHOCK WAVE FOR REAL ESTATE & CONSTRUCTION................................13
IMPACT ASSESSMENT FRAMEWORK ................................................................................................14
SITUATION ASSESSMENT (SURVEY & DATA ANALYSIS) AMIDST COVID-19 FOR ..............................15
REAL ESTATE INDUSTRY ....................................................................................................................15
REAL ESTATE PROJECT STUDY AND ANALYSIS ..................................................................................18
ABOUT CONSTERA REALTY PVT LTD .................................................................................................18
CORE VALUES....................................................................................................................................18
ORGANIZATIONAL STRUCTURE.........................................................................................................19
PHASES OF A CONSTRUCTION PROJECT ...........................................................................................19
ABOUT INCEPTUM COMMERCIAL PROJECT......................................................................................20
CONSTRUCTION PROCESS.................................................................................................................21
STAKEHOLDERS.................................................................................................................................22
PROJECT ACITVITY - GANNT CHART ANALYSIS IN MICROSOFT PROJECTS........................................24
ERP SOFTWARE FOR END TO END ACTIVITY MANAGEMENT ...........................................................25
STAGES OF CONSTRUCTION WORK AT INCEPTUM...........................................................................26
AMENITIES - INCEPTUM PROJECT.....................................................................................................31
SPECIFICATIONS - INCEPTUM PROJECT.............................................................................................31
INITIATIVES TAKEN POST LOCKDOWN DUE TO COVID-19................................................................34
CONCLUSION.....................................................................................................................................35
REFERENCES......................................................................................................................................36
ANNEXURE-1.....................................................................................................................................37
ANNEXURE-2.....................................................................................................................................42

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REAL ESTATE & CONSTRUCTION INDUSTRY IN INDIA
The construction industry in India is the second biggest employer after agribusiness and it is
consequently critical to the nation's economic stability. The size of the worldwide construction
industry by 2022 will be an incredible $12.7 trillion. In India, with huge ongoing project
opportunities, it will be one of the largest contributors to economic growth and will contribute about
$640 billion to this, supported obviously by government activities in framework improvement in
infrastructure and affordable housing for all.
Close to agribusiness, construction has been the greatest job generator, employs more than 40
million people and has a large pool of low-cost workers. While it has seen its high and low points, the
industry keeps on being a consistent supporter of India's GDP and employment generation for quite
a few decades at this point. The relaxed development over the most recent couple of years will start
to make significant change in the construction landscape in years to come, passing by the innovative
technological solutions and rapid technological changes happening universally.
The construction industry in India is anticipated to record a CAGR of 11.2% to arrive at INR 35,220.8
billion by 2024. The residential construction in value terms expanded at a CAGR of 11.1% during
2015-2019. The commercial construction market in value terms is predicted to record a CAGR of
12.2% by 2024.
REAL ESTATE AND CONSTRUCTION INDUSTRY SEGMENTS
Hotel room supply in the country increased 5.4
per cent y-o-y in FY19, totalling to 133,359
rooms at the end of FY19.
The sector is likely to attract an annual
investment between US$ 0.5-0.6 billion during
2018-2022, with total investment reaching US$
2.8 billion by 2022
Few players with presence across
India.
Most of the activity is in the leasing
segment.
Residential segment contributes ~80 per cent
of the real estate sector. Housing launches
across top eight Indian cities increased 23 per
cent y-o-y in 2019 to 223,325 units.
FDI in multi-brand retail to boost demand.
Retail segment in Indian attracted private equity
(PE) investment of around US$ 1 billion in 2019.
Retail would add up more 39 million square feet
of space by 2022.
On February 29, 2020, India
formally approved 417 SEZs, of
which 238 were already in
operation. Majority of the
special economic zones (SEZs)
are in the IT/ ITeS sector.
In March 2020, the
Government approved
proposals from TCS and DLF to
set up SEZs for IT sector in
Haryana and Uttar Pradesh.
Figure 1: Real Estate Segments in India

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• Real estate sector in India is expected to reach US$ 1
trillion by 2030 and by 2025, it will contribute 13%
of the country’s GDP.
• The urban living population in India is expected
To reach 525 million by 2025 resulting in
more than 70% of India’s GDP.
• By 2025 it is expected that Government of
India’s Housing for All initiative will bring an
investment of US$ 1.3 trillion.
Notes: E – estimated; P – Projected, F- Forecasted
Source: Ministry of Tourism, KPMG, World Bank, Census 2011, EY – India’s Growth Paradigm 2017, Credai-JLL report, 1United Nations World Urbanization
Prospects 2018, CBRE
The Government launched 10 key policies for the real estate sector to make it more transperent and
business and customer friendly :
• Real Estate Regulatory Act (RERA)
• Benami Transaction Act
• Boost to affordable housing construction
• Interest subsidy to home buyers
• Change in arbitration norms
• Income Tax & Service Tax exemption
• Dividend Distribution Tax (DDT) exemption
• Goods and Service Tax (GST)
• Demonitisation (had impacted negatively)
• PR for foreign investors
Source: KPMG, Report on Real Estate Sector in India – Corporate Catalyst India Pvt Ltd, CBRE, National Housing Bank

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TOP 8 CITIES CONTRIBUTTION TOWARDS GROWTH OF REAL ESATE INDUSTRY
Source: Cushman and Wakefield
INDIA ADVANTAGE
Source: KPMG, Report on Real Estate Sector in India – Corporate Catalyst India Pvt Ltd, USGBC, JLL India, Cushman & Wakefield, Knight
Frank Active Capital, EY
Figure 2: Growth Contribution by Top Cities
Figure 3: Advantage India

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GUJARAT – A STATE OF OPPPORTUNITY AND LUCRATIVE INVESTMENT DESTINATION
Source: Gujarat government
AHMEDABAD – MUMBAI HIGH SPEED RAIL
Source: National High-Speed Rail Corporation Limited; 1 US $ = INR 65
Figure 4: Advantage Gujarat
Figure 5: High Speed Rail Project

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AHMEDABAD MARKET SNAPSHOT
• 50% year-on-year (YoY) jump was witnessed in office space leasing in Ahmedabad. From
0.10 mn sq m (1.03 mn sq ft) in 2018, office space renting extended to 0.14 mn. Sq. m (1.55
mn sq ft) in 2019. In the last two and a half years, this is the highest office space delivered in
the city. This is fundamentally because of two factors: a) developing pattern of expanded
space take-up by the Information Technology or Information Technology enabled Services
Figure 6: Ahmedabad Market Statistics
Figure 7: Ahmedabad Office Market Statistics

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(IT/ITES) SECTOR IN 2019, AND B) A SOLID INCREMENT IN NEW SUPPLY INFUSION
IN CENTRAL BUSINESS District West (CBD West) which is a sizeable office market as far as
new stock and occupier enquiries have been expanding in this zone.
• The second 50% of 2019 saw 0.09 mn sq m (0.96 mn sq ft) office space renting which is an
exponential growth of 70% YoY upswing over H2 2018. As a ton of value flexibly came on the
block over the most recent a half year of 2019, the volume of executed space likewise saw
an upsurge.
Figure 8: Business District Classification

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COVID-19 PANDEMIC - A SHOCK WAVE FOR REAL ESTATE & CONSTRUCTION
Coronavirus was recognized as a contagion by the World Health Organization on 11 March 2020.
Across the world this pandemic has represented numerous difficulties for different ventures,
including the construction and Real estate.
The construction industry has come to a halt because of the pandemic. It is evaluated that the vast
majority of the construction sites are running at half of their run rate currently after lockdown
ended. On the ground the fear of contamination is keeping the laborers' away from coming to sites.
Their presence is under 50% at most of the projects. As per the industry association, at present,
there are close to 20,000 construction sites at the pan India. These employed with a workforce of
around 8.5 million. A large portion of these projects are deferred while others have cancelled or a
permanent halt due to COVID-19. It has created 360* impact on the industry supply chain
constraints materials shortages is adding fuel to this decline of the economy. To manage the effect
of COVID-19, the govt. has declared pro industry reforms and announcements but real estate and
construction industry would take time to reach the pre covid19 stage.
COVID-19 pandemic is likely to reduce investment in construction related projects. The cost impact
on construction projects considering essential parts such as manpower, plant, Raw material and over
heads with Interest cost would hit this industry very hard. The labor cost is expected to rise at 20 to
25 percent of skilled workers alone and 10 to 15 percent of unskilled workers respectively. The cost
of the projects is also expected to rise by 2 to 5 percent. Depending upon the geographical location
and impact of the pandemic in that area will be unforgettable. The overall impact on economy was
estimated to the extent of INR 300 billion per day due to lockdown. *
*Economic Times, 29April 2020

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IMPACT ASSESSMENT FRAMEWORK
• Recent survey carried out amongst the developers of the City and consumers would give
a right outlook about what developers and customers are thinking about real estate
industry.
Figure 9: Assessment Framework of different Sectors
Figure 10: Manpower Prices impact due to Covid-19

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SITUATION ASSESSMENT (SURVEY & DATA ANALYSIS) AMIDST COVID-19 FOR
REAL ESTATE INDUSTRY
Survey and Data analysis from Developers
More than half – 54.5% – of
developers surveyed experienced
stoppage of construction work for
more than 60 days. Also, 90% &
45.5% of developers witnessed
labor shortage and material
supply respectively, while
resuming construction activities.
The survey analyses that as many
as 63.6% and 27.3% developers
believed to have medium and
high impact on unsold inventories
as respectively. 9.1% of them
believed to have no impact.
Just over 90% of the developers
surveyed had already started
promoting projects on social media
platform due to Covid-19 situation.
Noticeably, about 50% and 30% are
promoting their projects on Facebook
and Instagram respectively.

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Consumer thinking post lockdown / Covid-19 on Real Estate
Like many other sectors real estate sector has been dealt a major shock by the pandemic.
Amidst challenging conditions, the market was on recovery path and has shown some
resilience. Prospective buyers evaluating their buying decision as a result of change in
market conditions.
With respect to flexible/liberal
payment terms for customers, over
70% of the developers were willing for
existing projects, unlike over 25% of
developers are said to be on a neutral
ground. It is also noticed that over 50%
of the developers have already
launched offers/discounts for
customers on existing projects.
Although the pandemic has disrupted
the real estate sector, about 53.1% of
consumers responded to purchase a
property in future. 23.5% had booked
the property before lockdown i.e.
March 2020.
Although the specific
residential real estate market
was subdued about 43% of
consumers responded to
interest in purchase of
residential property.

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As seen that markets are getting
back on heels return to “business
as usual”, more than 37% of
consumers surveyed, responded
with an interest in buying a
second property (house / plot /
farm) with a time frame of more
than 3 months to decide.
Consumers being optimistic
about the price of the property
to reduce post Covid-19
situation. More than 42% of the
respondents are hoping the price
to reduce at less than 5%. Mere
7.1% of them have confidence in
price reduction of more than
20%.

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REAL ESTATE PROJECT STUDY AND ANALYSIS
ABOUT CONSTERA REALTY PVT LTD
Constera was established and entered the real estate market in May 2018, Constéra is in the
business of developing Residential and Commercial real estate. Our project designs prioritize
environmental factors which makes spaces for Better and Sustainable Livings.
Constéra Realty Private Limited is part of a conglomerate Nirma limited, which generates annual
revenue of USD$2.10 billion and employed 18000+ people, having presence In India and USA,
with multi diversified business interest ranging from FMCG, Pharmaceutical , Cement, Chemicals,
Food, Education and Research. Inspired by the vision and mission of the Group, the goal of
Constéra is to be customer-focused company with a commitment to consistently innovate and
deliver the finest products & services that maximizes value by developing best of the best
residential and commercial real estate with utmost transparency & efficiency.
CORE VALUES
Transparency, Technology, Environmental values and Customer First approach, with these
values, Constéra aims to grow and spread happiness & prosperity amongst its Customers,
Suppliers, Employees & Stakeholders.
Figure 11: Core Values of Constéra Realty
CORE
VALUES
ENVIRONMENT
CONSCIOUS
TECHNOLOGICALLY
SUPERIOR
AESTHETICALLY
INCLINED
RESPONSIBLE
TRANSPARENT
COMMITTED
Source: www.Constera.com

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ORGANIZATIONAL STRUCTURE
PHASES OF A CONSTRUCTION PROJECT
INITIATION
PLANNING
EXECUTION
PERFORMANCE
& MONITORING
CLOSURE
Figure 12: Organizational Structure of Constéra Realty
Figure 13: Phases of a Construction Project

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ABOUT INCEPTUM COMMERCIAL PROJECT
“Inceptum” a commercial project of Constera located at Ambli-Bopal Road in Ahmedabad,
Gujarat. The project is inclusive of two blocks – Block A and Block B. Block A consists of retails
showrooms (convenient shopping) & restaurants and Block B consists of corporate houses &
offices.
Inceptum is located at the west part of Ahmedabad, one of the prominent locations. The site is
situated between 23°01'28.0"N 72°29'51.3"E located at a distance of 12.8 km from railway
station and 18.5 km from international airport.
Source: Constera Website
Figure 14: Inceptum - Project Logo
Figure 15: Location of Inceptum Commercial Project

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Source: Constera website
CONSTRUCTION PROCESS
PROJECT AT NUTSHELL
PROJECT TYPE Commercial Development – Retail, Corporate House and
Offices
LOCATION Survey No. 710/2, Mouje Makarba, TA Vejalpur,
Ahmedabad
TOTAL PLOT AREA 4426 sq. mt. (47,623 sq.ft)
TOTAL BUILT-UP AREA Approx. 17,620 sq. mt. (189,657 Sq.ft)
NO. OF FLOORS Project consists of Commercial Development with 2
blocks and 2 basements
• Block A consists of Ground floor, First & Second floor
and Terrace restaurant
• Block B consists of Corporate house and offices from
Ground floor to 9th
floor.
CAR PARKING Allotted car parking with mechanical parking as an option.
CONSULTANTS Architect – Tranquil -The Design Wave
MEP – Trans energy
Structure – Dimensions
PROJECT WEB LINK http://consterarealty.com/projects/inceptum/
Figure 16: Brochure Layout of Inceptum
BLOCK A
BLOCK B

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STAKEHOLDERS
ROLES AND RESPONSIBILITIES OF STAKEHOLDERS
1. DEVELOPER:
• Title clearance of the project
• Land under no legal dues
• Funds and finances required for end-to-end execution of the project
• Getting all legal, regulatory and statutory clearances
• Registration with GujRERA (Gujarat Real estate Regulatory Authority)
• Specific details for customer in terms of unit area, project plan and other necessary details
• Making a right strategy and to design the right mix of Real Estate in that area
2. MAIN CONTRACTOR – Spartan Builders Pvt Ltd
• Project planning – development, implementation, risk mitigation strategies, meeting legal &
regulatory issues, effective communication, arranging material, labor force and equipments.
• Project management – purchasing or renting the construction equipment, hiring sub-
contractors, creating progress reports and making sure of having personnel with required
skills and size.
• Project tracking – Quality control, use of cost-effective construction methods and
construction site safety.
• Health and safety – implementing adequate procedures, raising awareness among workers,
proper operation of the equipment and preventing any accidents.
INCEPTUM
DEVELOPER
MAIN
CONTRACTOR
PROJECT SITE
HEAD
MATERIAL
SUPPLIER
CONSULTANT
1. Architect
2. MEP
3. Structural
GOVERNMENT
AUTHORITY
Figure 17: Stakeholders of Inceptum Commercial Project

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3. PROJECT SITE HEAD – Mr. Harish Panchal
• All the activities planned are executed as per the timelines.
• Compliance with government policies.
• Monitor every single activity in order to ensure successful completion.
• Develop detailed project plan to track overall progress.
• Activity & quality management.
• Effective coordination & communication between internal and external agencies.
• Managing relationship with all stakeholders.
4. MATERIAL PROCUREMENT
• Involvements in the estimation of construction materials like steel, RMC, etc.
• Identify required materials to be used and to estimate quantities.
• Request quotations from different suppliers, service providers and consultants to create a
fair competition amongst them.
• Identifying the right supplier and contractors.
• Plan and follow-up material requisition schedule.
• Assessment of inventory and analysis of budgeted v/s actual utilization.
5. CONSULTANTS
a. ARCHITECT – Tranquil – The Design Wave
i. Project discussion
ii. Feasibility study and concept design & development
iii. Preparing working drawings in AutoCad to convey basic concepts
iv. Provide detailed drawing in coordination with other consultants
v. Plan, design and oversee the construction
vi. Follow norms as provided by the authority
vii. Provide certificate for submission to GujRERA authority
b. MEP – Trans energy
i. Review plans and specifications as per regulations
ii. Coordination with architects or engineers
iii. Prepare plans, details, specified and cost estimated of Electrical, plumbing,
ventilation, air conditioner and general piping system
iv. Give technical advice to designers, supervisor and contract service providers
regarding installation of maintenance of MEP system
v. Analyze mechanical, electrical and plumbing engineering problems and
formulate solutions
vi. Prepare and deliver effective presentation & clarification whenever required
vii. Frequent site inspections
c. STRUCTURAL – Dimensions

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i. Work closely with architects and engineers
ii. Calculate the load and stresses acting on the building
iii. Design of sections of structures to sustain the loads
iv. Selection of material best suited for the structure
v. Site investigation of soil condition for construction
vi. Tackle specific aspects of the plan such as selecting appropriate work,
materials, foundation design, header/beam sizing, live load, dead load, and
environmental loads and how all these stresses affect the building.
6. GOVERNMENT AUTHORITY
a. Approval of Building Plans as per norms
b. Giving Building Use permission
c. Approval to the project as RERA certified
PROJECT ACITVITY - GANNT CHART ANALYSIS IN MICROSOFT PROJECTS
Time and task management are always vital in construction management projects, and construction
Gantt charts are great for managing various kinds of task relationships. For example, the task
sequence, the priority level of each task, the dependency of tasks, the completion time of tasks, the
duration of every single task and more. In this case, a construction Gantt chart offers a great
network based on a logical progression toward a final success of a project. To plan, manage and
communicate construction calendar weekly meetings are scheduled with the relevant stakeholders.
Figure 18: Gantt Chart of Construction Activities

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ERP SOFTWARE FOR END TO END ACTIVITY MANAGEMENT
Real Estate industries face huge challenges in Project Planning and execution, Material
Management, Financial control, costing, regulatory compliances and collaboration/coordination with
service providers. With Farvision an ERP software for Real Estate Industry, it’s easy to control
operations of the organization with instant and accurate information and data analysis, which can
boost profitability and reinforce competence across the enterprise.
Features:
Engineering Module : tracks complete project life cycle activity with time & cost analysis.
Budget Control : Exact cost on estimates v/s actuals
Site management : Day to day activity check
Contractor Payment : Running Bill Payments to contractors
BOQ Estimation : BOQ quantity deriving and project cost summary
Daily Reports : Quantity and quality of work done, delays and work progress
Daily reports and with budgeted v/s actual.
Source: ERP Software
Figure 19: ERP Screenshot of Budgeted Cost Monitoring Dashboard

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STAGES OF CONSTRUCTION WORK AT INCEPTUM
1. DOCUMENTATION
The initial step of the project is to prepare paper work prior starting the actual construction,
basically includes preparation of drawing, material & labor cost estimation, approval from
respective government authorities.
2. LAND SURVEY
Boundaries are marked as per plan passed and cleaning of plot takes place. The boundaries are
marked considering the accurate dimensions as approved by the authority.
3. EXCAVATION
Based on the structure measurements the excavation is carried out for construction of wall
foundations. The same is executed with the help suitable machines.
Figure 20: Boundaries at the Construction Land Site after Plan Pass
Figure 21: Excavation Work at Inceptum

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4. FOUNDATION WORK
The most important and critical part of the project is to lay the foundation. The strength of the
building lies in the foundation and the primary purpose is to hold the structure above the ground
and hold it upright. It is the lowest part of the structure which transmits the weight of the structure,
together with the effect of live loads and pressure, to the material on which the structure rest, soil
strata, in such manner that the underlying material is not stressed beyond its safe bearing capacity.
Thus, the objective of providing foundations may be outlined as follows:
• To distribute and transmit the total load coming on the structure or building to a large area
of underlying support.
• To prevent excessive settlement and differential settlement of the structure
• To provide stability to the structures against many disturbing dynamic forces, i.e., wind, rain,
earth quake, etc.
Foundation work includes multiple sub-works:
1. Compacting the Ground - The excavation pits are trimmed and dressed according to the
necessity and the base is compacted via hand compactors.
2. PCC - To shape a strong bases on which the reinforcement can be tied and balance can be
put. Plain concrete cement of the blend 1:4:8 or 1:3:6 is laid on the compacted soil in varying
depth as required.
3. Footing - Reinforcement steel bars are integrated and positioned on the PCC to shape a
skeleton in which the concrete is poured and the column rods are taken from them.
4. Footing Concrete - It is important to check the level of foundation before concrete work.
There are patches where excavated depth marginally surpasses and the other way around.
Concrete is poured according to drawing specs.
5. Shuttering and Centering - To accomplish appropriate molded cement, centering and
shuttering is done according to the measurements referenced in the drawing. It is likewise
done so the concrete doesn't come in contact with the soil.
Figure 22: Foundation Work at Inceptum

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5. SOIL FILLING
After the formwork of the foundation column has been removed, the space around the footing was
filled by selected soil that was bringing from outside of the site up to the depth where foundation
wall is to be constructed. This filling was done by hand compaction at an average depth of 20 cm. All
external backfilling around foundation was done with select material imported from another place,
which is capable of being compacted, and form a stable filling. Organic material such as pieces of
wood, roots, bushes and black cotton soil were removed from backfill materials. In each layer must
be well rammed and consolidated with the required compaction.
6. COLUMN CASTING
Casting of columns is made by fixing the shuttering framework and concrete is poured in the
framework. The shuttering is normally evacuated after 24hr of casting and curing is done.
7. CONSTRUCTION OF WALLS
Walls are constructed utilizing many materials, for example, block, wooden, precast concrete and
many other. Before beginning the wall construction, the base of wall is built first utilizing concrete or
size stone masonry. The height of the walls relies on the floor height. Important opening is to be
given for entryways, windows and ventilators. In Inceptum, being at the prime location, a well-
planned and well-built retaining wall is constructed to enhance the usability, maintainability, and
visual appeal.
8. CONCRETE ROOF
After completion of masonry work roof slab of the building is poured with reinforced cement
concrete slab. The thickness and reinforcement details are as per approved drawings.
Figure 23: Understanding Column Casting Process & Materials Used

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9. MASONRY
Masonry work of building is carried out in one go leaving doors and windows openings. Reinforced
concrete beams are laid down on the top of the openings to avoid direct structure load on the door
frames.
10. PLASTERING WORK
To cover the rough surface to obtain an even, smooth, clear and durable surface. The importance of
plastering is to improve the resistance, protects the surface from penetration of rain water and
other atmospheric agents and provide better strength to the structure.
11. FLOORING
The term refers to the lower enclosing surfaces of the spaces within the building. The upper surface
of the concrete slab. The important points considering installation of flooring is its durability, easy to
maintain & clean, suitable for all conditions, easy to install and can be relatively cost effective.
12. FIXING DOORS AND WINDOWS
Upon finalization of doors and windows material, further construction work is carried out. For
example, for fixing the wooden doors and windows, during masonry work, frames are fixed in walls.
Panels are then installed with hinges after plaster work.
13. FIXING OF ELECTRICAL AND PLUMBING WORK
Being an integral part of any project, based on the drawings provided by the consultant the
execution of mechanical, electrical and plumbing is done. The team of engineers provides best
possible design dynamics of specifications and fixations.
14. FAÇADE:
At Inceptum, glass elements are designed to be a part of façade system. The façade system delivers
the greatest performance to the building owner and occupants when it becomes an essential
element of a fully integrated building design. It will enhance sun protection and cooling while
improving thermal comfort, providing maximum light, enhance air quality using natural ventilation
and improving indoor environments leading to enhanced occupant health, comfort and
performance. It will also reduce operating costs by minimizing lighting, cooling and heating energy
use by optimizing the daylighting-thermal trade-offs.
15. PAINTING
Painting is an investment that should be approached strategically in order to avoid complications
while still getting the work completed with desired look. The vital points to consider to make the
build look desirable is consider the scope of the project, choosing the right color, adhere to the high
standards of safety and choosing the right contractor.

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16. MECHANICAL CAR PARKING SYSTEM
Mechanical car parking is designed to minimise space or area required for car parking. It is
hydraulically designed to go to 2 levels above ground. At Inceptum, two normal car parks are
provided 1000 sq. ft. and space for optional car park i.e. mechanical car parking for all units.
17. GREY WATER TREATMENT SYSTEM:
Source: WordPress
Grey Water Treatment System have become a need for the hour in the country like India where
water is scarce. Greywater is the reclaimed water that has been used once in domestic, commercial
or industrial activities and can be reutilized after treating up to standard limits for certain tasks. This
treatment plant is planned to be installed at Inceptum to replace and conserve the freshwater for
other potable uses. The cost reduces in sewage treatment. Greywater when treated and used within
Figure 24: Mechanical Car Parking Illustration
Figure 25: Grey Water Treatment Process

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the area minimises the wastage through sewer lines and cost incurred in its treatment at sewer
cleaning facilities.
18. MAINTENANCE MANAGEMENT SYSTEM:
An expert maintenance agency will be appointed at Inceptum to track and control day-to-day
activities. Activities like society accounting, maintenance support, housekeeping services, emergency
repairs, routine maintenance, predictive maintenance / testing / inspection, cleaning of premises,
security, etc. will be park of scope of work.
19. OTHER MISCELLENEOUS WORKS
The other few works to consider for the making the project aesthetic are firefighting, landscaping
works, elevators, false ceiling and installation of furniture.
AMENITIES - INCEPTUM PROJECT
Below are the amenities provided at Inceptum:
• Cafeteria
• De-stress zones
• Recreational zones
• Valet parking for visitors
SPECIFICATIONS - INCEPTUM PROJECT
STRUCTURE
• Shell: Earthquake resistant RCC frame structure with masonry partitions.
• Masonry: High quality sand lime AAC block masonry on the external surface with external
plaster and coated with water resistant texture. Internal sand lime AAC masonry partition
walls with mala plaster.
FLOORING AND DADO
• Showrooms and Offices: Double vitrified tiles with seamless joints.
• Toilets: Anti-skid vitrified tiles for flooring and ceramic tiles for dado up-to lintel height.
• Internal Passage and Foyer: Superior quality vitrified tiles.
• Staircase: Polished kota stone slabs with anti-skid grove.
• External Paving: Anti-skid calibrated paver blocks/tiles.
• Basements: Tremix finish with thermoplastic painted parking markers and radium reflecting
guards for vehicle safety.
• Terrace: China mosaic on terrace area for waterproofing and heat resistance.

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SECURITY SYSTEM
• Security cabin at the premises entrance with controlled motorized boom barriers at entry
and exit.
• Separate pedestrian enter and exit path.
• CCTV surveillance in all common areas of the premises.
CONNECTIVITY
• DTH, Broadband and Landline conduit provisioning for uninterrupted network integration.
SANITARY AND FITTINGS
• Water Closet: Branded western style toilets with concealed wall hang and push button.
• Health Faucet: Chrome plated stainless steel fittings with water control valve attached.
• Wash Basin: Wall hung while coloured porcelain wash basin with environmentally
sustainable water saving chrome plated fittings.
DOORS AND WINDOWS
• Glass Frames: Elegantly designed façade system with aluminium windows.
• Frames & Shutters: Office entrance and toilet doors with teak or equivalent hardwood
frames and flushed door shutters provided with laminate. For retail spaces, entrance door
with clear toughened glass panels for maximum commercial visibility.
• Hardware: Superior quality brushed finish stainless steel hardware for doors and pull/push
handles for windows.
ELETRIFICATION
• Three phase MCB provided in each showroom and office.
• Fire tested ISI rated wires of reputed brands.
PLUMBING AND DRAINAGE
• Corrosion free CPVC/UPVC or equivalent plumbing system and leak proof pipe.
• Suspended plumbing and tube well.
• Water Supply By: Efficient composite water supply system and tube well.
UTILITIES
• Power backup for emergency services and common area lighting.
• 24 X 7 water supply by municipal corporation with back up borewell.
• Rain water harvesting system.
• Sewage Treatment Plant for water recycling to be reused for toilets and gardening.
PARKING
• Ground floor car parking and two basements with option for mechanical parking.
• Separate visitor parking provided.
• Space for two-wheeler parking.

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SIGNAGES
• Offices: Provision of elegant signage on respective floor’s entrance foyer.
• Showrooms: Provision of sufficient space for signages.
ELEVATORS
• High speed elevators with center opening automatic doors.
• Separate elevator for Showrooms and Corporate Houses.
COMPOUND AND PREMISES
• Landscaping: Pleasant landscaping in various scales, colours, textures and fragrances in
compound periphery.
• Soil: Good quality soil and sand mixture with manure shall serve as the base layer for
landscaping.
• Lighting: Ambient lighting along walkways and elegant façade energy efficient LED lighting in
common areas.
• Sufficient lighting in basement parking areas.
GREET AND MEET
• Completely pedestrian elevated plaza at the showroom frontage at ground level.
• Exclusive air-conditioned high-end foyer and waiting lounge for visitors at offices at the
ground level.
FIRE AND SAFETY
• Fire hydrant with hose reel on each floor of office building and sprinklers at common areas.
• Emergency signage in all common areas for ease of egress in case of emergency.
• Refuge area (Emergency exit).
UNIVERSAL DESIGN
• Provision of wheel chair accessibility on the premises by ramps with railings.
• Special washroom provision with disabled friendly design on the ground floor.

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INITIATIVES TAKEN POST LOCKDOWN DUE TO COVID-19
Due to COVID-19 Pandemic, Lockdown was announced all over India. Laborers who had travelled to
different states to find jobs, were willing to go back to their respective homes. However, the
Constéra Realty Team tackled this problem effectively. Out of Inceptum’s total labor force,
approximately only 2% of the labor force had went to their homes. Rest of the laborers were given
the provision of shelter, food and water, medicine and electricity so that they would not face
problems dealing with the pandemic. Furthermore, they were trained and educated about the
symptoms, how they would have to maintain social distancing, how they were to wear masks at all
times and how they were to take precautions in order to not come in direct and close contact with
an affected person. So far, the laborers have been tested twice for corona virus by doctors
appointed by local authorities and everyone tested negative. And the work continued at the same
pace at the project site.
Figure 26: Briefing on Covid-19 Precautions Figure 27: Covid-19 Test of Labors

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CONCLUSION
I have given overview about the industry; I have gone through the government policies and
understood what the government’s role in the sector and how government policy will impact on the
industry. In the coming years this sector will be given more emphasis due to its employment
generation and economic contribution, today it contributes around 11% to the county’s GDP and will
be attracting more investments in near future.
Being one of the important sectors of the economy, COVID-19 has impacted the real estate and
construction industry gravely. No one had predicted its circumstance which is why everyone was
troubled in one or the other aspect. Developers faced problems with Finances, Sales, Raw Material
shortages and non-availability of laborers,
Consumers faced the difficulty of making future commitments in terms of buying real estate coz they
are not certain with their financial situation.
To study some of the aspects and impact, I decided and conducted a survey amongst developers and
consumers, and could conclude that COVID-19 did have a deep impact on the sector.
I studied the construction site “Inceptum” which is a commercial project. I have understood the
whole process from different stages of entire project life cycle. I have visited, studied and observed
the site and the work that was being carried out, I understood the plans and AutoCAD drawings and
learnt how they help builders to plan out and manage the construction work. I have also learnt how
does the ERP software help a company manage its complete operations and keeps track of its
construction work and its budget and costs required during the project development life cycle.

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REFERENCES
1. Constera website for company information: www.consterarealty.com
2. Inceptum Project Information: http://consterarealty.com/projects/inceptum/
3. Gujarat Real Estate Regulatory Authority for policy information:
https://gujrera.gujarat.gov.in/resources/staticpage/Real_Estate_Act.pdf
4. Gujarat Government Urban Development Department: https://udd.gujarat.gov.in/
5. Ahmedabad Municipal Corporation: https://ahmedabadcity.gov.in/
6. Gujarat Revenue Department: https://revenuedepartment.gujarat.gov.in/
7. CREDAI Gujarat: http://credaigujarat.org/
8. Cushman and Wakefield India: https://www.cushmanwakefield.com/en/india
9. Knight Frank India: https://www.knightfrank.co.in/
10. JLL India for Commercial Real Estate: https://www.jll.co.in/

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ANNEXURE-1
1. Study at Inceptum Project Site
Foundation Work Foundation Work
Column and Slab steel work & casting Understanding of Structure & Site drawings
Concrete pouring for slab casting 2nd
Basement under construction

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Ramp for 2nd
Basement 1st
Basement construction
Certificate by Project Head on completion of study

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2. Inceptum – Layout Plan
3. Typical Floor Layout:

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4. 3D Images – Inceptum Project:

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ANNEXURE-2
1. Survey questions for real estate developers:

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2. Survey questions for real estate consumers:

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3.List of Figures
Figure Particulars
1 Real Estate Segments in India
2 Growth Contribution by Top Cities
3 Advantage India
4 Advantage Gujarat
5 High Speed Rail Project
6 Ahmedabad Market Statistics
7 Ahmedabad Office Market Statistics
8 Business District Classification
9 Assessment Framework of different Sectors
10 Manpower Prices impact due to Covid-19
11 Core Values of Constera Realty
12 Organizational Structure of Constera Realty
13 Phases of Construction Project
14 Inceptum Project Logo
15 Location of Inceptum Commercial Project
16 Brochure Layout of Inceptum
17 Stakeholders of Inceptum Commercial Project
18 Gantt Chart of Construction Activities
19 ERP Screenshot of Budgeted Cost Monitoring Dashboard
20 Boundaries at the Construction Land Site after Plan Pass
21 Excavation Work at Inceptum
22 Foundation Work at Inceptum
23 Understanding Column Casting Process & Materials Used
24 Mechanical Car Parking Illustration
25 Grey Water Treatment Process
26 Briefing on Covid-19 Precautions
27 Covid-19 Test of Labors

Assessment Of Construction Industry And Analysis Of Commercial Real Estate Project Quot Inceptum Quot

Assessment Of Construction Industry And Analysis Of Commercial Real Estate Project Quot Inceptum Quot

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