Everything about the construction industry

1. August 04-10, 2014 1
An MMR, Braj Binani Group Publication Volume 3 l Issue No 31 l August 04 - 10 , 2014 l Price: Rs 100
‘Metamorphosis in Buildings & Construction Industry’
Call for modern methods to drive
high-performance in the sector
Outlining the metamorphosis in the
country’s cityscape and infrastructure
developments, the publishers of
‘Construction Industry Review’
through its events arm MMR Events
organized the 5th annual one-day
seminar ‘Metamorphosis in Buildings
& Construction Industry’ at Hotel
Hilton Mumbai International Airport,
Andheri, on July 25, 2014, which
focussed on the transformation in the
country’s cityscape and infrastructure
developments, among other important
issues and technological changes.
The event was well supported
by Kalpataru Ltd, Super Tiles &
Marbles Pvt Ltd, Concrete Additives
& Chemicals Pvt Ltd, Relcon
Infraprojects Ltd, Enkay Enterprises,
Fosroc Chemicals India Pvt Ltd,
Pidilite Industries Ltd; Apple Chemie
India Pvt Ltd and Balmer Lawrie &
Co Ltd.
The industry associations and
government bodies who supported
the event included Construction
Chemicals Manufacturers Association
(CCMA); Construction Industry
Development Council (CIDC) and
City and Industrial Development
Corporation of Maharashtra (Cidco).
In her welcome address Bina
Verma, Editor, ‘Construction Industry
Review’ said, “The construction
industry on the whole has boldly faced
challenges in the year gone by, but the
year ahead is expected to make up
with special attention and sanctions
given to the infrastructure sector and
we look forward to stabilization of the
industry.”
“At this point, investment in
infrastructure development is crucial
for India’s sustained economic
growth. There is an urgent need to
utilize world-class technologies in the
Indian construction sector.”
Keeping in line with the need of the
hour, the objective behind organizing
this seminar is to give exposure to the
domestic construction industry about
some of the latest technologies, she
added.
The event kicked off with the a
speech in the plenary session by
5th Annual CIR Seminar on
L-R - Samir Surlaker, Chairman, CCMA; Joey Ghose, Managing Director, Binani Cement Ltd; Shripad Ranade, Sr Principal, Tata Strategic
Management Group, and Bina Verma, Editor, Construction Industry Review
Binani Cement Ltd Managing Director,
Joey Ghosh, who highlighted global
scenario of the cement industry.
Differing on the general consensus
of the GDP growth triggering industry
growth, he said, “Most economists
now maintain that since financial crisis,
global economy is more a ‘Zero Sum’
game; higher growth in advanced
economies will not necessarily create
demand in emerging markets.”
While providing statistical data,
he said, “China, the second largest
economy by GDP, is the top consumer
and producer of cement. India,
among the top ten largest economies,
stands in the second place in terms of
cement consumption and production.
Only a few countries where the per
capita consumption is above 1,000
kg. In India, per capita consumption
is considerably low at 191 kg.”
Other emerging countries like
Brazil, Russia have also low per
capita consumption for cement that,
he says, have doubled over the
last decade, from 1.8 Bnt in 2002
to 3.7 Bnt in 2012 (CAGR - 7.4 %),
Compared to a CAGR of 4.3% in the
previous decade (1992-2002).
At present, he added, “Global
cement demand is dominated by
China (39% in 2002 v/s 58% in 2012).
Small but steady growth will be
coming from emerging markets.”
While 2013 was considered as the
‘bottom out’ year, 2014 is expected
to be a recovery year for cement
industry, he said.
In his outlook he said, “Globally,
still demand remain subdued however
better growth is expected than the
financial year 2013-14.”
He summarized saying, “China
remains a major risk for cement;
India, little upside could be possible;
South Asia will continue to be stable;
while Sub-Saharan Africa is where
the future is.”
Taking it further, Shripad Ranade,
Senior Principal, Tata Strategic
Management Group, discussed
characteristics of infrastructure and
EPC sectors in view of the Budget.
Discussing on various issues
plaguing the sector he said, “Issues
in land acquisition and environmental
clearances are mostly leading to
project delays. A lack of coordination
between various government agencies
and lack of proper dispute resolution
mechanism is worsening situation.
Among other major issues that
need to be addressed are adoption
of advanced project management
practices, poor capabilities in
engineer ing or procurement ,
particularly for complex projects,
shortage of skilled manpower, etc.
Echoing the views f rom
the earlier address by Bina
Verma he said, “Slowdown
in infrastructure investments
has led to a slowdown in
new order bookings for
EPC players, while the
appetite of infrastructure
de v e l ope r s f o r n e w
projects has significantly
reduced.”
C l a r i t y o n k e y
regulatory and project
structuring, complemented
by financing support is
required to boost future
growth, he suggested.
Private companies need to
evolve their processes to employ
best-in-class project management
tools and techniques; expertise of
experienced project management
processes and personnel need to
be engaged for project execution;
develop more understanding of
engineering design, particularly
for complex projects – develop
internal teams and factor in the time
required; bidding and estimation
process needs to be tempered with
greater emphasis on proper revenue
estimates and identification of project
risks, etc.
Panel Discussion - Bharat Bhrambhatt, RNA Corp; Amar Tendulkar, Omkar Realtors; Rumi Engineer,
Godrej Green Building Consultancy; and Piyush Gandhi, JLL
“Companies need to address
issues related to lack of skilled
manpower and improve their current
sourcing & project management
practices, to reduce the incidence
of cost and time overruns during
execution,” he said.
In the session, Samir Surlaker,
Chairman, Construction Chemicals
Manufacturers Association and
Managing Director, Mc-Bauchemie
presented an interesting and
interactive presentation on the new
developments and advancements in
construction chemicals industry.
The keynote address, themed
policy and planning issues in India’s
building & construction sector, was
delivered by V Suresh, Director,
Joey Ghose, MD
Binani Cement Ltd
HIRCO Project Companies and
Former CMD Hudco
He said, “If increased flows of
investments are to be brought in for
housing, infrastructure investment-friendly
environment will have to be
created. These need many reforms
in urban housing and infrastructures
delivery options.”
(Contd. on pg 2)
L-R: Dr V Vijaybaskar, Balmer Lawrie; Abdulkader Bengali, Pidilite; and
Vivek Naik, Apple Chemie in the construction chemicals session

2. August 04-10, 2014 2
professional for Project Management
Institute (PMI) highlighted project
management, advocacy, awareness
and adoption that improves
performance delivery scenario in the
construction sector which at present
is still largely unorganized.
He said, “It must be considered that
there is nothing more difficult to carry
out nor more doubtful of success nor
more dangerous to handle than to
initiate a new order of things. We need
to strengthen project and programme
management.”
events
“Government plays the role of
catalyst, enabler, facilitator and less
of provider technologies for building
materials to be environment friendly,
ecologically appropriate, energy
saving, and economical in cost, land
bank/ development to be speeded
up where Vision 2030 for all cities /
master plans and advanced planning
and development for residential land
development through public / private /
public private partnership modes to be
geared up with 100 new smart cities
also LARR needs to be simplified.”
L o o k i n g a h e a d h e s a i d ,
development of a roadmap and action
plan for achieving the objective of
‘Nation Building’ is required.
Discussions proceeded further with
MD Lele, Chief Planner, Cidco provided
the outcome of recommendations in
the regional plan for MMR (Mumbai
Metropolitan Region) for building
a new town in order to effectively
decongest Mumbai.
He said the mission in redeveloping
Navi Mumbai is to help relieve pressure
on Mumbai by ensuring balanced
development of the new town thus
by providing world class physical
infrastructure and provide affordable
housing and develop viable and
sustainable city.
Housing policies to facilitate
affordable housing and create
adequate stock for LIG, EWS and
shelter for poor on ownership or
rental basis.
He further talked about urban
renewal for regular i zat ion of
unauthorized construction in & around
Gaothans and various schemes
provided by Cidco.
In the architects’ session Roshni
Udyavar Yehuda, Head, Rachana
Sansad’s Institute of Environmental
Architecture presented the role
of architects in environmental
management.
Further, a panel discussion on
rebuilding cities stressed on the
transformation of horizontal space to
vertical expansions of buildings and
effective land use.
The moderator of the session
Piyush Gandhi, National Director –
Residential Project & Development
Services, Jones Lang LaSalle,
stressed the need to evolve the best
in class project management tools and
techniques.
“Expertise of experienced project
management processes and personnel
need to be engaged for project
execution,” he said.
Bharat Brahmabhat t , Head
- Projects, RNA Corp presented
his concern over high-rises and
stressed the preparedness of high-rise
considering infrastructure support
which should be the priority while
going vertical.
Fellow panelist Rumi Engineer,
Head-Godrej Green Building Green
Buildings, Godrej Green Building
Consultancy Services & Head –
Energy Conservation, Godrej & Boyce
Limited said, “Major challenges in
high-rise is plumbing, safety issues,
clearance policies and managing the
glass façade designs.”
Ama r Tendul k a r spok e on
design challenges and construction
t e c h n o l o g i e s w h e r e mo r e
understanding of engineering design,
particularly for complex projects and
developing internal teams and factor
in the time is required.
In the construction chemicals
session, Abdulkader Bengali, Business
Head – Large Waterproofing Group,
Pidilite Industries Limited, addressed
sustainable construction issues when
buildings are subject to high exposure
of sunlight and rain water lash.
“This calls for an approach to
sustainable systems that can prevent
water seepage and leakage through
roofs. Ensure health and comfort
of building occupants. Reduce
energy consumption needs. Enhance
durability of construction through
long term performance and extended
service life.”
He defined it as Sustainable
Structure = Heat Free + Leak Free
Structure = Healthy Structure with
Happy Occupants.
In the session Dr. V. Vijayabaskar,
Manager – Product Development
Centre (Performance Chemicals
Division), Balmer & Lawrie Co. Ltd
delivered a technical presentation on
concrete admixtures and emphasising
on superplasticizers.
Tejas Sura, portfolio management
Further, in the building technologies
session, discussing on the latest
thinking in the Precast technology
for construction, Amit Barde, Head
– Precast Design, L&T said, “When
compared to other disciplines
of building construction, civil
construction is conventional in
its approach. We need to break
away from the convention to meet
the demand and derisk critical
construction activities. One such
technology proven elsewhere in
building construction is precast.”
V Suresh, Director, HIRCO
Project Companies
MD Lele, Chief Planner,
CIDCO
Pranav Desai, National Product
Manager-VAP, Lafarge Aggregates
& Concrete India Pvt. Ltd
Abdulkader Bengali, Business Head – Large
Waterproofing Group, Pidilite Industries Ltd
Q&A session
Girish Dravid, Director,
Sterling Engineering
Siddharth Dhond - National Product
Manager – Morpla, Lafarge Aggregates &
Concrete India Pvt. Ltd.
Amit Barde, Head – Precast Design, L&T
Tejas Sura, PMI
Vivek Naik, MD, Apple Chemie
Dr. V. Vijayabaskar, Manager – Product
Development Centre (Performance Chemicals
Division), Balmer & Lawrie Co. Ltd
Roshni Udyavar Yehuda, Head, Rachana
Sansad’s Institute of Environmental
Architecture
Students of architecture posing questions
(Contd. on pg 12)

3. CONSTRUCTION CHEMICALS August 04-10, 2014 3
Causes and remedies for leakage
Water seepage occurs mainly
from external wall, window, roof,
or from ceiling which may cause
water staining, peeling off of paint or
wallpaper, water dripping, growth of
fungus, defective concrete, plaster or
tiles and rust staining.
They are common defects in
causing a nuisance to occupiers
across floors. It is sometimes very
difficult to identify the source or
cause of water seepage for which
an extensive investigation may be
necessary.
Many homeowners often ask
for a list of warning signs of water
leakage and damage. Such queries
come more often in cities that endure
excessive rainfall and prolonged
rainy season, such as Mumbai.
It is extremely important in such
places to have a list as a guide for
self-inspection in the hope that they
might have an early detection of
problems and consequently their
timely redressal.
Causes for leakage
The main reasons for water leakages
are water stagnation, inadequate slope
for drainage of rain water and damage
or deterioration of waterproofing
system. Leakage occurs through
pores and connected capillaries in
concrete structures, thereby corroding
the reinforcement.
Sometimes defective enclosures
for water tanks, cracks of parapet
walls affect waterproofing systems.
Inadequate protection of roof slab or
improper installation of waterproofing
system may also lead to leakages.
Windows: This may be due to
forming of gaps between window
frame and masonry, between lintel
beam and masonry and through
alumimium fame and window sill
which can be avoided by choosing
and sealing with a right kind of
sealant.
Internal wet areas: Leakage from
bathrooms or kitchens is usually
caused by seepage from fitments,
bathtubs, shower trays, buried pipes
or drains due to improper construction
of joints and improper installation of
sealants.
The inadequate slope of such
floors may lead to water stagnation
for some time due to which water
may penetrate through tile joints.
Waterproof cement rendering
underneath floor tiles for the floor
not installed properly and improper
installation of sockets or conduits are
some of other causes of bathroom
leakages.
rain intensity coupled with blocking
of sewerage pipelines intensifies
leakages. A more detailed solution
like tanking with a water barrier
membrane coupled with effective
drainage system should be
envisaged.
Growth of mold, mildew and
fungus. All these become visible after
colonization of spores and showing
discoloration of paints and coatings
and creating unhygienic atmosphere
inside the buildings.
Essential steps
It should also be borne in mind
that it is essential to:
Avoid nailing at parapet or any
external surface.
Never overload ‘chhajja’ with
‘kundis’ (flower pots) and waste
materials.
Do not convert or change use
patterns of building segments, ie,
kitchen to bedroom, toilet to kitchen,
etc.
Do not puncture any structural
members such as a column, beam,
slab, etc.
D o n o t f o r g e t t o a p p l y
waterproofing systems before all
kinds of flooring.
Traditional techniques for
waterproofing
Waterproofing in our country is
being done over several years by
various conventional and traditional
methods, such as:
Lime terracing for roofs; Brickbat
coba for roofs and terraces; Mud
phuska for roof surfacing; Shahabad
tile finishing for basements and
retaining walls; Box type waterproofing
techniques for basement.
The methods are used over
a period of time, but they have
certain limitations and disadvantages
mentioned below
As all the methods are labour-intensive,
scarcity of skilled labour
in today’s construction industry is
one of the major drawbacks of these
methods.
They are time-consuming and
cumbersome jobs, and looking
at modern era of time-bound
construction projects, they are not
the right choice.
Climatic changes and weathering
effects are the major issues for
the non-acceptability of these
techniques.
Final ly and speci f ical ly, the
brickbat coba is technically not a
waterproofing solution as the porous
bricks and in-filling mortars used for
Seepage through defective joints
or pipes caused by poor installation
or differential movements and
settlements are the main causes of
water leakages from metal pipes.
Corrosion of metal pipes at junctions
with floors or walls, invasion of water
into conduits, blockage in pipes
leading to excessive pressure built
up or sometimes attacks by rodents
or roots of plants causing damage of
metal pipes and leakages occurring
at these locations.
In case of exposed supply pipes
or drains, there may be inadequacy in
design of drains such as insufficient
diameter, bends being too sharp,
etc. Also, blockage of drains at the
junction of bends or traps, open joints
such as hoppers of down pipes may
lead to leakages of water.
Damp patches on dry walls
Water penetration takes place
through external wall defects such as
hairline cracks, joints, honeycombs,
spilling, weak points, holes, punctures
and leftovers of debris. The hairline
cracks begin to grow further and
allow seepage of water.
The movement of external wall
components leads to settlement
cracks on the wall. Also, water
penetration takes place through
defective external wall finishes such
as paint surface, poor cladding or
curtain walls construction. Another
cause may be due to water leakage
through walls between units of pre-fabricated
elements.
Musty smell from basement:
This may be due to inadequate
or damage of tank waterproofing
systems (due to movements or
punctures) and deterioration of water
stops at construction and movement
joints.
Basements
Another very important issue
is concerned with the design of
basement s and foundat ions ,
depending on their usage like car
parking, commercial establishments,
storages, workshops and in various
demands as applicable in case-to-case
basis.
Basements being the closed
areas are very prone to high humid
conditions leading to dampness
and flooding which in turn damage
structures. The other critical factors
like varying water level subjected
to tidal situations and monsoon
such techniques absorb a lot amount
of water inside the system.
Though the brickbat coba is
advantageous to build up the slope
on flat roofs, it also adds dead load
on slab structure. Moreover, in case
of existing roofs with brickbat coba,
it is very difficult to find out actual
source of water ingress which in turn
challenges rehabilitation works.
New waterproofing
techniques
Polymer science has created a new
dimension to waterproofing solutions
to building structures, and today a
plethora of waterproofing materials
as per international standard is
available. The only requirement
is that we should focus leakage
problems in a comprehensive way
and try to resolve them with a proper
scientific approach.
For example, leakage from flat
roofs could be due to water stagnation
and subsequent percolation of water
through cracks on surfaces or in
parapet walls. Such a problem can
be solved building a proper slope
and repairing cracks with suitable
crack filling materials.
Similarly, if joints in external
facades between window frames
and masonry walls or gaps between
aluminum frames and window can
still be taken care of with proper
elastomeric sealant, the ingress of
water can be restricted.
Leakages in bathrooms and wash
areas can be resolved by following
a proper waterproofing specification
while casting the sunken slab
followed by filling of gaps and joints
on floors, plumbing lines and internal
fittings with sealing materials.
Specialized polymeric crack filling
material or polymer mortars should
be used to fill up those areas and
the external faces to be covered with
weather resistant protective coatings
rather than decorative finish paints.
Vegetation growth also plays a
vital role in bringing the external
moisture inside the building elements
through their roots, stems and
leaves. Removal of such unwanted
vegetation along building facades
and subsequent filling of gaps
with moisture insensitive polymeric
mortars would be the right choice.
Cost comparisons
The polymeric waterproofing
techniques vary in their characteristics
a nd appl i c a t ion t e c h n iqu e s ,
depending on the usage areas.
Henceforth, the cost implication is
also multi-faceted ranging between
arbitrary numbers.
The initial cost of application may
be a little high, but the advantageous
part is the speed and ease of
application coupled with long term
durability and service life compared
with conventional techniques.
“The waterproofing industry can succeed only if we use the right material
with the right application,” observes Dr Sanjay Bahadur, Global
CEO, Construction Chemicals Division, Pidilite Industries Ltd in a round-table
discussion held at Dr Fixit Institute, Pidilite Industries, Mumbai. A
report by Remona Divekar
(Contd. on pg4)
Representation only

4. CONSTRUCTION CHEMICALS August 04-10, 2014 4
There is an urgency to inculcate
the right material usage, right dosage
and the correct application to ensure
that we create healthy structures. As
far as development in the construction
chemicals industry goes, there has
been a strong growth rate of 17 per
cent per annum.
The construction chemicals market
has a huge growth potential due to
construction and manufacturing
boom in India. Many newly developed
products give better performance
and results and hence there will be
a shift in demand towards products
offering better performance.
Critical success factors: There
has been a lot of thought processes
combined with uninterrupted R&D that
have helped us strengthen the overall
brand equity of our mother brand Dr
Fixit. We offer a comprehensive range
of waterproofing products and have
over the years managed to establish
ourselves as a preferred brand in this
category.
Challenges faced by sector
Lack of skilled manpower is one
of the biggest challenges and a
major constraint faced by the sector.
It has been our primary challenge.
Dr Fixit also provides training and
supervision at site for right application
practices.
The industry’s biggest challenges
are low awareness regarding benefits
of construction chemicals, inadequate
PRODUCT LAUNCH
Market drivers & restraints
Dr Sanjay Bahadur says, We
believe that waterproofing is a system
approach and not product approach.
Sustainable construction is the next
future and hence we launched Dr Fixit
LEC, ie, Low Energy Consumption
Systems which helps to waterproof
and at the same time insulates
the building and reduces energy
consumption in an effective manner.
We believe a system approach is
what will drive the market demand.”
You see that 99 per cent of the
time the product doesn’t fail, but
applications fail because of the lack
of detailing. Hence, there is a definite
need for training. Also, knowledge
about right accessories is essential.
The waterproofing industry can
only succeed if we use the right
material with the right application.
Untrained applicators are another
concern which we are slowl y
addressing through our Dr Fixit
Service which involves site trials, site
demos and training applicators.
Market trends construction
chemicals
The waterproofing market in India
is at a very premature state, since
the bulk of construction sites use
traditional methods like brickbat
coba, mud ‘phuska’ which have their
own limitations. Hence, we see this
as an area where huge opportunities
exist.
knowledge on proper usage of these
chemicals and lack of enforcement
of quality standards on construction
activities.
About 85 per cent of contractors
and builders are not aware of the key
advantages of using construction
chemicals and have limited knowledge
on their proper applications.
Current trends in
construction chemicals
Green construction is the current
trend in construction chemicals and
waterproofing solutions market in
the country. LEC is a comprehensive
waterproofing-cum-insulation system
from Dr Fixit.
“An advanced high-end range
of waterproof ing s ys tem has
been developed with 25 years of
waterproofing and insulation warranty.
This solution will take waterproofing
to the next level as far as high-end
projects are concerned. We believe
this new solution will contribute
Rooftop Deck from Notion
Notion has introduced Roof
Deck tiles which can expand your
space for enjoying great outdoors
and entertaining. If you live in a
metropolitan city, a rooftop deck
would be the best to create your
outdoor space.
Not ion, a pioneer name i n
exterior wood solution for home and
commercial space, has launched
Rooftop Deck that can work great in
any climate and will last for years.
Akash Saini, Director Sales,
Notion, says, “Outdoor living space is
a cherished commodity, and although
its value is certainly subjective for the
individual, there is no question that it
adds life and value to the property.
“This is particularly true in the case
of Rooftop Decks, which is becoming
fast and major value-added feature
in urban developments. We have
introduced Rooftop Deck tiles, made
with fine tropical wood and assembled
on a high density engineered plastic
base.
“It’s available in natural wood of
‘IPE’. These decking tiles are provided
with non-toxic chemical coatings that
ensure resistance against termite and
moisture. The mechanism is unique,
which allows rainwater to flow down
faster and make your space slip
resistance.
“This is one of the most durable
and stable products available to
significantly as the value proposition
is very strong.
“Our consistent efforts are to
generate Green solutions for various
areas of application catering to
the needs of complex high-rise
structures; we have launched LEC
(Low Energy Consumption) which is a
waterproofing-cum-insulation system.
Extensa, the high performance spray
applied seamless waterproofing
membrane, has won the Silver Award
at ACETECH, 2013-2014,”said
Bahadur.
New waterproofing products
Dr Fixit is one of the most trusted
brands in the Indian construction
industry, known for its innovation
and pioneer ing solut ions for
waterproofing. It is an effort to give
customers an end-to-end solution for
waterproofing their entire home at the
time of construction.
Right from the foundation to the
terrace roofing, Leakfree Homes
revamp your exteriors at nominal cost.
All of above its installation system is
so simple and it takes no more than
just several hours for setting.”
will make sure that customers are
free from problems due to water
leakage and seepage and protect
their house.
Dr Fixit Roof seal is a revolutionary
product for new terrace waterproofing
that provides end-consumers with
a comprehensive solution to their
issues related to roofs and terraces.
For proper and correct application
of the product, Pidlite has trained
waterproofing applicators on the
usage of these products.
Dr Fixit New Coat Ezee, a two-coat
waterproof coating for bungalow
terraces, without breaking the old
waterproofing system of brickbat
coba and mud ‘phuska’ and making
it a hassle-free, economical and
reliable waterproofing system. The
best practice used internationally is
to coat the terrace with elastomeric
coatings, and Pidilite has worked
towards the same.
With Notion Rooftop decks one
can make your space more and more
beautiful than ever before.

5. August 04-10, 2014 5
REIT: Exit options for investors
pro-reform government at the Centre,
positive sentiments flowed into the
residential segment. Home buyers and
investors planning to invest in property
are expecting positive policy changes
that in turn are expected to boost the
housing segment.
Noida and Gurgaon in the NCR,
and the peripheral and secondary
micro-markets of Chennai and
Bengaluru saw new launches in June,
largely confined to the mid-segment
category. Meanwhile, new phases of
existing projects were launched at
increased pricing at eastern suburbs
and Thane in Mumbai. Prices inched
upwards in a few locations in Mumbai,
while remaining stable in the NCR and
smaller cities. The housing segment
remains cautiously optimistic, and is
expected to remain so in the short to
medium term.
REAL ESTATE
Reit will provide for a
safe and diversified
investment option at
reduced risks—all
under professional
management, to ensure
the highest returns on
investment
With the coming of the new
government already having improved
sentiments in the realty market, as a
next step the sector expects India’s
economic fundamentals to be tackled
on a priority basis before any major
changes may be anticipated at an
industry-level.
Infrastructure projects need to be
implemented with a sense of urgency,
The indust ry perceives thi s
announcement as the single most
consequential reform witnessed in
India’s realty sector in recent times,
which will have significant positive
impact on the market in times to
come.
Investments in India’s commercial
real estate have largely remained out
of bounds for the country’s average
citizen, as the realty sector so far
lacked any monetization vehicle for
the capital intensive sub-sectors of the
commercial sector.
Additionally, since such projects
require huge capital inflow, broad-based
portfolio investments by
individual investors have hardly been
feasible. A possible solution to this
could now be the introduction of the
Reit and the Real Estate Mutual Funds
(REMFs).
developed Reit/REMF markets in
the world today, with their necessary
regulatory frameworks in place, and
significant representation of such
listed instruments on their respective
stock markets.
Meanwhile, although India had
issued draft regulations in December
2007, and draft guidelines in October
2013, the Sebi was yet to formalize any
definite introduction of the investment
instrument in the India realty market.
The much-awaited clarity on
taxation of the Reit was provided in
the recently presented Union Budget.
Long-term capital gains and dividends
to investors have also been made tax-free;
while the Infrastructure Investment
Trusts (for public private partnership
arrangements in infrastructure projects)
were provided a pass-through taxation
status too.
such as Blackstone have already
started building a corpus of well-leased
or sold completed commercial
and residential properties, so that they
are ready to issue as and when the
Government of India releases its final
policy framework on the Reit.
At a time when the realty sector
is struggling for alternate avenues of
funding—other than traditional banks
and financial institutions—and private
players are sourcing institutional
capital, permitting the Reit can act
as a key enabler for capital markets
in the country, and provide investors
with exit options. Although a detailed
clarification on the tax structure for
the Reit is still awaited, nonetheless,
this is a positive move that would go
a long way in reviving global investor
sentiments in the India market.
and more income tax incentives for
home loans have to be introduced
before we can expect to see any
significant impact on the real estate
sector.
Policy revisions
The Union Budget 2014–15,
unveiled last month, met industry
expectations of more liberalized
policies for Foreign Direct Investment
(FDI) in the sector, with major policy
revisions including the reduction in
the minimum capitalization from $10
million to $5 million, with a three year
post-completion lock-in, for wholly-owned
subsidiaries; and trimming the
minimum area of construction projects
from a carpet area of 50,000 sq m to
20,000 sq m.
The Real Estate Investment Trusts
(Reit) was given a pass-through
taxation status, with the Sebi being
directed to implement the Reit in the
country soon. Other initiatives included
funding allocation for affordable
housing, infrastructure projects such
as highways, airports, and creation of
a ‘100 Smart Cities’ across the country.
A few expectations such as an
infrastructure status for the real estate
industry (and specifically for the low
cost/mass housing projects), clearer
tax regulations for Special Economic
Zones (Sezs), relaxed guidelines in the
new land acquisition bill, and clarity on
foreign investment guidelines in the
retail sector, however, were not met.
We expect the Central government
to address these concerns in coming
months.
Office space
Office leasing activity picked up in
the second quarter of 2014, with close
to 8 million sq ft of office space getting
absorbed; appreciating by about 26
per cent on a quarterly basis, and by
around 14 per cent y-o-y. Almost all
markets—barring Chennai, Hyderabad
and Kolkata—saw an increase in
absorption levels. Bengaluru and
Delhi NCR led the momentum in
transactions, with the micro-markets
of the Outer Ring Road and Whitefield
in Bengaluru, and Gurgaon, attracting
most occupier interest.
Housing market
With the emergence of a stable,
Implications of Reit
The biggest announcement for
the real estate sector proposed by
the newly elected government in
its Union Budget 2014–15 was the
Securities & Exchange Board of India
(Sebi) being directed to introduce the
Real Estate Investment Trusts and the
Infrastructure Investment Trusts in India.
We expect the entry of this much-awaited
investment instrument to
provide alternative funding channels
to the realty sector. Going forward, it
will also act as a key enabler for capital
markets in the country, and provide
investors with exit options.
Chance to become
stakeholders
These investment vehicles are
characterized by their investment in
real estate assets as well as limited
liability for unit holders. The Reit, for
instance, provide low and mid-income
investors with the opportunity of
becoming stakeholders in a portfolio
of real estate assets, which would
otherwise have not been feasible.
The Reit originated in the US, and
following its success, it was replicated
across numerous economies across
the globe. The US, Australia, Japan
and Singapore are among the most
Finally policy framework
awaited
While we are still awaiting detailed
guidelines from the government on the
implementation of the Reit in India, the
draft guidelines circulated by the Sebi
in October 2013 proposed a minimum
capitalization of INR 1,000 crore, and
an initial offer size of INR 250 crore. At
least 90 per cent of the investment was
required to be in ‘revenue generating
completed’ properties.
The minimum subscription size
was to be INR 2 lakh, with resident as
well foreign investors to be allowed
to invest in the Reit. Numerous funds
Apart from a low entry level, this will
now provide an avenue for channelizing
retail funds into the realty sector. Once
formally introduced by the Sebi, the
instrument will provide for a safe
and diversified investment option at
reduced risks—all under professional
management, to ensure the highest
returns on investment.
Anshuman
Magazine
CMD, CBRE South Asia
Pvt Ltd

6. PROJECST UPDAET August 04-10, 2014 6
Cost overruns over delayed
infra projects up by Rs 1 lakh cr
A third of all large infrastructure
projects in the country are delayed
resulting in cost overruns of nearly Rs
1 lakh crore.
The data, which was tabled in
the Lok Sabha, reveals that of the
727 large projects costing over Rs
150 crore and monitored by the
Ministry of Statistics and programme
implementation, 282 projects were
delayed as on May 1, 2014, and are
estimated to cost at least an additional
Rs 98,992 crore. Of these, two in three
projects in the petroleum sector were
delayed, while nearly half the projects
in power as well as highways were
running behind schedule.
The data is even starker in the
sector of atomic energy where all four
projects being monitored are delayed
from anywhere between three months
(Rajasthan Atomic Power Project 7
and 8) to as much as 75 months in the
case of Kudankulam in Tamil Nadu.
“The main reasons for delay in
implementation are law and order
problems, delay in land acquisition,
rehabilitation and resettlement
p r o b l ems , f u nd c o n s t r a i n t s ,
delay in forest and environmental
clearances, right of way and right
of use issues, delay in supply of
material, contractual issues, etc,”
said Rao Inderjit Singh, Minister of
State for Statistics & Programme
Implementation.
Building of world’s tallest rail
bridge underway in Manipur
The North-East Frontier Railway
(NRF) has started construction of
a bridge with height of pillars up to
141 metres near Noney in Manipur.
This bridge will be the tallest in the
world, surpassing the existing tallest
of Mala-Rijeka viaduct on Belgrade-
Bar railway line in Europe where the
height of pillars is 139 metres.
The r a i l w a y bridge under
construction on river Chenab in
Jammu-Kashmir line is of arch type
which is bridging a gorge of about
360 metre deep from the bed of the
river to the rail level and is being
considered as the highest railway
bridge in the world. According to
NFR the proposed bridge in Manipur
is part of the 111 km long Jiribam-
Tupul-Imphal railway line to connect
the capital of Manipur with the
Broad Gauge network of the country.
The alignment of the railway line
passes through steep rolling hills
of Patkai region, eastern trail of the
Himalayas.
While Jiribam, a small town of
Manipur near Assam -Manipur border,
is situated at 37meter above mean
sea level (msl), the capital city Imphal
is situated at 780 m above MSL. The
alignment has to traverse through
not only a number of deep gorges,
but over several rivers flowing at low
ground levels.
As a result it has necessitated to
construct 46 tunnels measuring total
54.5 km in length and tall bridges in
order to maintain a suitable gradient
for efficient operation of railway. The
longest tunnel will be 4.9 km long
between Jiribam-Tupul and 10.75 km
between Tupul-Imphal sections.
The first phase of the project
from Jiribam to Tupul (84 km), which
include this bridge, is slated for
completion by March 2016.
Shipping Ministry to set up new firm
to develop port rail projects
PM meets infra secys
to set target for 2014-15
Aiming to spruce up growth, PM
Narendra Modi met secretaries of
nine infrastructure ministries to set
targets for 2014-15 and identify key
projects in sectors like road, power
and railways. As per sources, the
Planning Commission Secretary
Sindhushree Khullar made a 15-page
presentation on the performance of
core infrastructure ministries in 2013-
14 and deliberated on the targets
suggested by the ministries for the
current fiscal.
The infrastructure sector is a focus
area for the Modi-led government.
The Centre is keen to speed up
infrastructure development and
investment to boost economic growth
which remained at sub-5 per cent level
during the previous two fiscals.
Secretaries and senior officials
Centre to develop 5 airports,
award management contract
The Centre will start the development
of five no-frills airports and award
management contracts of four airports
to private operators in the current
financial year. The targets were set
in a meeting between secretaries of
ministries and Prime Minister (PM)
Narendra Modi on July 26.
The Planning Commission Secretary
Sindhushree Khullar coordinated
the meeting attended by secretaries
from the railways, road transport &
highways, civil aviation, power, coal,
renewable energy, ports and shipping,
AP gives nod to LNG terminal
at Gangavaram Port
The Andhra Pradesh government
has given its nod for setting up the
LNG terminal by Petronet LNG Ltd at
Gangavaram Port on the east coast
near Visakhapatnam. However, it has
refused Gangavaram Port’s proposal
to collect the waterfront charges at the
rate of Rs 103.68 per metric ton of LNG
cargo handled from Petronet.
Petronet is a joint venture set up
by Gail (India) Ltd, the Indian Oil
Corporation Ltd, and Bharat Petroleum
Corporation Ltd to import LNG and
set up LNG terminals in the country
with an authorized capital is Rs 1,200
crore ($240 million). Gangavaram Port
Ltd, along with PLL, has proposed to
construct and operate a 5 mmtpa LNG
terminal with a provision to expand
further to 10 mmtpa.
The JV company will have equity
contributions from PLL (76 per cent)
Gangavaram Port Ltd (8 per cent)
from nine infrastructure ministries –
power, road transport, shipping, civil
aviation, coal, petroleum, railways,
telecom and renewable energy – were
present in the meeting. Besides, top
officials from Rural Development
Ministry and Environment & Forests
Ministry also attended the meeting.
Sources said the commission
has proposed laying of 300 km new
railway track during the current fiscal.
The Indian Railways laid 450 km of
new track in 2013-14, which was short
of the targeted 500 km.
Similarly, the plan panel, proposed
to set a target of 700 km for doubling
of rail tracks in the current fiscal
against 900 km targeted in 2013-
14. The Indian Railways achieved
doubling of around 700 km of rail
track in previous fiscal.
telecommunications, petroleum and
natural gas ministries and the PM.
A ministry official said, “The outlay
for the civil aviation sector has been
increased 66 per cent. It was decided
to start work on five of 50 low-cost
airports. The locations are yet to be
finalized. We have decided to award
management contracts in at least four
of six airports to private operators,
processes for which were started last
year.”
The year’s outlay for the Civil
Aviation Ministry is Rs 934 crore.
and other parties such as prospective
LNG suppliers/buyers or any strategic
investor.
PLL will be the majority shareholder
and will have complete management
control over the JV company.
According to a government order
issued yesterday, the Gangavaram
Port Ltd will submit to the government
the detailed project report that was
submitted to the lenders for achieving
financial closure and ensure financial
sustainability of the project.
“The government, after detailed
examination of the proposal in
consultation with Law and Finance
Departments and keeping in view the
recommendations of the Empowered
Group of Ministers, hereby accord
approval to Gangavaram Port Ltd,
Visakhapatnam district, for establishing
the LNG terminal at Gangavaram Port,”
said the order.
As part of its initiative to fast-track
port connectivity, the Shipping
Ministry proposes to incorporate
a new company to undertake rail
projects at all government ports.
The new entity, which will have
equity participation from the 12 major
ports, is expected to implement all
new rail projects and also to undertake
the existing rail line operations within
the port area, said a government
official.
Nitin Gadkari, Union Shipping
Minister, discussed the ministry’s
proposal with head of government
ports at a meeting in Mumbai on July
28. The proposed company will have
an initial authorized capital of Rs 100
crore. The official, however, said the
proposal is at an initial stage and the
details are yet to be worked out.
Currently, rail projects at ports
are implemented by special purpose
vehicles created by individual ports
with the support of Rail Vikas Nigam
Ltd. However, projects often get
delayed under this model.

7. INFRASTRUCTURE August 04-10, 2014 7
Demand drivers
of logistics sector
The report is for
institutional investors,
real estate developers,
high net-worth
individuals (HNIs) and
private equity funds
which are open to
investment opportunities
in the sector
(Part 1)
Indian businesses for long have
ignored the significance of the
logistics sector under invested
sectors in the country. While logistics
under takes the cr i t ical role of
connecting production centres with
consumption markets, inefficiencies
in managing it could lead to a severe
disruption in the entire supply chain
network.
In India, the experience with
regard to the sector has not been
very encouraging, thus leading to
colossal losses during transportation,
distribution and storage of goods. In
order to attract fresh investment,
funds that are planning to participate
in investment opportunities provided
by the warehousing sector, but have
limited understanding of the various
nuances of the sector.
Detailed handbook
Additionally, the report also serves
as a detailed handbook for industry
stakeholders such as warehouse
developers, logistics players and
government agencies. Considering
this, the report has been divided
into two parts, with the first part
introducing the warehousing sector
dynamics such as demand drivers,
policies and regulations, business
model, enabling infrastructure and
emerging trends, among others.
The second part delves into
warehousing markets of Mumbai and
Pune with an exhaustive analysis on
the existing warehouse locations,
land cost feasibility, investor returns
and emerging areas.
The need to quantify the size of
the warehousing market in India
has led us to estimate the total
requirement for warehousing space
from the period of 2014 to 2019.
Moreover, the total warehousing
space requirement is expected
to grow at a compounded annual
growth rate (CAGR) of 9 per cent
from 919 million sq ft in 2014 to 1,439
million sq ft by 2019.
The manufacturing sector will
continue to remain one of the biggest
demand drivers with an annual
requirement of 61 million sq ft of
incremental space between 2014
and 2019.
Single biggest challenge
Even today, acquiring a feasible
land that constitutes the largest
component of a warehousing project
is the single biggest challenge faced
by investors in our country. Although
rental values that a warehouse owner
can charge are primarily driven by
demand & supply factors, it is the
land prices that are dependent upon
multiple factors like development
control regulations, infrastructure
development and the best alternate
usage of land.
This creates a mismatch between
the return expectation of a warehouse
developer and the ongoing market
value of land. Such a situation arises
when the growth in rental income
is outpaced by the growth in land
value.
A case in point is that of Wagholi in
Pune, where residential development
has pushed land prices beyond the
threshold of operating a feasible
warehouse at the ongoing rentals.
While rentals have remained low
owing to the lack of demand and
availability of cheaper alternate
locations, land prices have continued
to rise due to the rub-off effect
of residential development in the
adjoining areas.
This has further resulted in
investors achieving a sub-optimal
return for warehouse development
in Wagholi at the current land rate
and rentals. Since rental value in
a market is beyond the control of
a warehouse developer, acquiring
land at feasible cost takes centre
stage when it comes to warehouse
investment.
The table depicts the current land
rates and rentals in each of the major
warehousing markets of Mumbai
and Pune. The table also illustrates
the feasible investor returns that can
be achieved, though subject to the
mentioned land rates and rentals.
Even though an investor can avail
returns up to a maximum of 20 per
cent per annum in most of these
markets, there are certain markets
where achieving a 12 per cent return
is still not feasible.
Investment in a warehouse can
provide an opportunity of realizing
returns in the range of 12 per
cent-20 per cent per annum to
investors willing to explore this
sector. Currently, one of the biggest
challenges facing an investor is the
Demand for Warehousing Space in India (million sq ft)
Total warehousing space requirement
CAGR
Total additional
space required from
2014-2019
Annual additional
space required from
2014 (E) 2019 (P) 2014-2019
Manufacturing 631 939 8% 307 51
Consumption 76 115 9% 39 8
Exim** 211 386 13% 174 35
Total Warehousing 919 1439 9% 520 104
(E) – Estimated (P) – Projected CAGR **The entire area of the Inland Container Depot (ICD) is considered including covered and uncovered portion of land
Feasible investor return in Mumbai and Pune warehousing markets
Warehousing Market City Land rate
(` mn./ acre)
Warehouse rentals
(`/ sq.ft./ month)
Feasible investor
return per annum
Bhiwandi Mumbai 15 - 40 9-15 12% - 16%
Rasayani-Patalganga Mumbai 18 - 25 17 - 18 12% - 20%
Nadhal-Khalapur stretch on NH-4 & Pen-Khopoli Road Mumbai 15 - 25 15 - 16 12% - 20%
Palaspe Phata Mumbai 55 - 65 23 - 24 Upto 12%
JNPT Road, Chirner Road& Uran Mumbai 45 - 55 20 - 21 Upto 12%
Shedung Bokharpada stretch on NH-4 Mumbai 37 - 45 17 -18 Upto 12%
Taloja-Kalamboli Mumbai 60 - 70 12-14 Below 12%
Chakan Pune 22 - 35 18 -24 12% - 20%
Chakan-Shikrapur Road Pune 15 - 18 15 - 18 12% - 20%
Wagholi-Lonikand-Sanaswadi Cluster Pune 19 - 38 14 -18 12% - 16%
lack of understanding of the various
nuances of this sector.
Hence, the goal of this report is
not only to familiarize the reader with
the various aspects of the Indian
warehousing industry but also to
provide an actionable advice on the
investment opportunities available in
the current scenario.
(Continued in next issue)
(Courtesy: Knight Frank India )
an in-depth study is needed on the
various intricacies of this sector with
special emphasis on the demand,
feasibi l i ty and investor retur n
aspects.
Role in smooth functioning
The logistics sector can be
broadly classified into three areas
-- transportation, distribution and
storage. In India, the transportation
and dist r ibut ion sectors have
traditionally been a part of many
studies with numerous reports and
findings affiliated with the sectors.
However, it is the storage and
warehousing sectors that have
mainly remained under-researched.
Al though the warehous ing
segment constitutes only 15 per
cent-35 per cent of the total logistics
costs, its importance cannot be
ignored with respect to the role it
plays in the smooth functioning of a
supply chain network.
Hence, we have intentionally
focused only on the warehousing
segment of the logistics sector in this
report with a definitive view on the
key warehousing markets of Mumbai
and Pune.
A similar study on markets such
as the National Capital Region (NCR),
Bengaluru, Chennai, Hyderabad
and Kolkata will be published in
our forthcoming report in coming
months.
The report is primarily targeted
towards institutional investors, real
estate developers, high net-worth
individuals (HNIs) and private equity

8. REAL ESTAET August 04-10, 2014 8
Pune’s IT-centric
investment hotspots
There are firmly
established as well
as quickly growing
IT-driven property
locations that command
the limelight among
end-users and investors
alike
constantly by the Hinjewadi IT Park,
and Aundh was the first area to
seriously benefit from it.
Aundh enjoys a propitious location
which catches the demand from
central Pune as well as the IT-driven
demand for homes close to Hinjewadi.
Due to its advantageous placement in
the Western Corridor, its accessibility
to various other hot pockets of the city
and the presence of good civic and
social infrastructure, Aundh continues
to be one of the most sought-after
locations for a majority of Puneites.
While it has many contenders in
the form of nearby areas such as
Wakad, Aundh has established itself
a priority port of call for many of
Pune’s well-heeled IT professionals
who value its generous availability
of shopping outlets, high-grade
restaurants, proximity of Pune
University and excellent connectivity
to central Pune as well as Mumbai via
the expressway.
Wakad
While Aundh was the first area to
gain significantly from the IT boom
in Pune, its development potential
to the city. After Pune’s IT boom
began taking off in earnest, the city
was expanding with a new focal point
called Hinjewadi.
Aundh was the first area to gain
significantly from this, but could cater
to the demand for housing only to a
certain extent. Baner was propitiously
located to catch both the spillover
demand from central Pune as well as
the new IT-driven demand for homes
close to Hinjewadi.
Initially, Baner was able to cater
to the mid-income housing segment.
However, a new profiling for this area
began taking shape as it became
an established address. A host of
major developers such as ABIL, Pride
Group, Kumar Properties, Javdekar
Developers, Amit Enterprises,
Kalpataru, Rohan, Paranjape and
Supreme began venturing into the
premium segment and began luxury
homes with superior designs and
amenities at Baner to address the
demand from the high-income IT
clientele. This also began affecting
Baner’s average residential pricing
dynamics.
Charoli
Charoli is an emerging location in
the northern part of Pune which has
several advantages working for it. The
increasing number of professionals
from the IT and manufacturing /
industrial sectors in Pune has triggered
escalated demand for mid-income
housing in the city.
To cater to this demand, developers
are exploring new peripheral regions in
the city. The quest to meet the demand
for affordable, yet strategically located
homes in the northern region of Pune is
resulting in fresh locations like Charoli
on Pune’s real estate map.
As the latest entrant in this part
of the city, Charoli is strategically
located near Pune’s Lohegaon airport
and is all set to capture a significant
share of the demand for affordable
housing in this region. Charoli is
advantageously placed to catch the
spillover demand emanating from
Vishrantwadi as well the new IT and
developers with projects in this
region.
Pimple Nilakh receives the spillover
demand from Aundh and Baner as
well as from Pimpri-Chinchwad and
some of the industrial-driven demand
from Talegaon. A significant number
of commercial establishments around
this region have proven beneficial by
triggering the overall development at
Pimple Nilakh. With current residential
prices ranging between Rs 5,750-
7,000 per sq ft and steady appreciation
of approximately 15-20 per cent
per annum, prices have effectively
doubled there in half a decade -- a fact
that has not been lost on investors.
Pimple Saudagar, Rahatani
Located on the western periphery
of Pune, Pimple Saudagar has seen
increasing demand from IT/ITeS-centric
home buyers. As soon as the
residential market of Aundh began to
saturate, end users started looking up
for spaces that would fit in their budgets
Information technology has proved
to be the most important lodestone
for boosting and also re-defining
real estate demand in India’s cities.
The IT/ITeS sector provides massive,
well-paid employment opportunities
in cities with appropriately educated
and trained workforces such as
Bengaluru, Mumbai, Pune, Hyderabad
and Chennai.
Because of the higher purchasing
power and more evolved tastes of
home buyers from this segment –
and the kind of supply that crops up
to cater to these factors -- locations
that cater to their demand eventually
feature property valuations that are
higher than the average benchmark
for a city. However, most IT-centric
hotspots in a city tend to have a
modest start and catch up in the
pricing steeple-chase only as the area
develops.
In Pune, we now have firmly
established as well as quickly growing
IT-driven property locations that
command the limelight among end-users
and investors alike.
Kalyani Nagar
Kalyani Nagar has emerged one of
the most prominent and established
commercial and residential real estate
destinations on the Eastern Corridor. Its
strategic location between Koregaon
Park and Viman Nagar and its proximity
to the airport, railway station and close
connection to Kharadi and Hadapsar
makes it an ideal destination for IT/
ITES companies. The Pune-Mumbai
Expressway has been another major
contributing factor.
It was given a head-start by Dr
Neelkanth Kalyani – owner of various
notable companies like Bharat Forge
and Optronica – after whom it is named.
Today, it is a hotbed of information
technology activity and has come a
long way as one of the most upmarket
residential property destinations. It is
home to up-market hotels and boasts
of a golf course as well as prestigious
social establishments.
The unstoppable tide of the IT and
ITES-BPO segments has completely
reinvented property landscape at
Kalyani Nagar. High grade residential
property options have sprung up
all over. Amongst all the above-mentioned
localities, Kalyani Nagar’s
rate of development is by far the
fastest. Judging solely on the basis of
property market potential, the Estate
Agents Association of Pune voted
Kalyani Nagar to be one of the most
promising localities.
Aundh
Aundh’s real estate market in both
the residential or commercial segments
has retained the ace position among
Pune’s suburb for quite some time.
The demand for properties in both
categories witnessed an upsurge
when Pune’s IT boom began, taking
off in all earnestness and residential
prices in central Pune began
increasing rapidly, leaving no scope
for mid-income housing projects.
The demand from IT and ITeS-related
office and residential spaces in the
Western corridor was being fuelled
diminished rapidly under the onslaught
of a relentless spate of projects.
With reduced development, price
appreciation also reached a certain
level of stagnation in this market.
Soon, the limelight shifted and Wakad,
became the next investment location
for mid-income housing on the city’s
Western periphery.
Located in the highly-developed
PCMC area, Wakad has a host of
positive market drivers to keep its real
estate market vibrant. With its proximity
to Mumbai-Pune Expressway and the
thriving IT hub of Hinjewadi, as well
as its accessibility from the PCMC
industrial area, Wakad now attracts
a lot of young end-users in the age
group of 30-40. For this reason, it
has become a new focus for property
investors, as well.
Residential property prices in
Wakad currently range between Rs
5,500-6,000 per sq ft, and a host
of developers such as Kalpataru,
Rohan, Kolte-Patil, Pristine, Kasturi
and Javdekar are catering to the
demand for homes from the mid-income
segment.
Baner
Baner emerged at a time when
residential prices in central Pune were
on a new high and potential buyers
and investors were on the hunt for
affordable options that did not mean
compromising on overall connectivity
Wagholi
Located on the eastern periphery
of Pune, Wagholi has evolved into
one of the city’s important suburbs.
About half a decade ago, the area was
mostly dominated by local industries
along Nagar Road. Like Hadapsar, it
has now successfully shed the usually
resilient image of ‘industrial area’ and
is gaining prominence as a residential
destination of note.
Thanks to its strategic location
on Nagar Road, Wagholi provides
very good access to the existing and
upcoming commercial establishments
in Kharadi, Hadapsar and Bund
Garden. It further benefits from market
drivers such as its proximity to Pune
airport, accessibility to the thriving
eastern IT hubs of Magarpatta and
Kharadi as well as the Shikrapur-
Chakan industrial belt. The demand
for homes in Wagholi is primarily
driven by professionals from the city’s
IT and industrial professionals.
Influencing factors like affordability,
improving social infrastructure and
the presence of good educational
institutions such as schools and
engineering colleges are generating
considerable interest from end-users
and investors in this location.
Moreover, Wagholi is now scheduled
for inclusion within Pune’s municipal
limits, which means that water and
electricity supply will be regularized.
corporate-driven demand for budget
homes close to Yerwada, Viman
Nagar and Kalyani Nagar.
The real estate boom continues to
unfold on Nagar Road, a region for
which proximity to Pune airport has
always been a major growth catalyst.
Charoli enjoys various other location
pluses such as fast access to the
railway station (which is just 11 km
away) and the fact that the IT hub at
Kalyani Nagar is only 9 km away.
Pimple Nilakh
Pimple Nilakh, located in the western
part of Pune, is a suburb of the Pimpri-
Chinchwad Municipal Corporation
and is a growing residential hub.
Among the fastest-growing of the
areas neighbouring the Hinjewadi IT
hub, Pimple Nilakh has experienced
a steep increase in property rates on
account of the dominant IT culture in
the Western region. It is seeing high
demand from both end-users and
investors.
The market drivers at Pimple
Nilakh include proximity to Mumbai-
Pune Expressway and its proximity
to established areas of Baner and
Aundh, where property rates have
more or less peaked beyond the
affordability of the mid-income
segment. Names such as Goel
Ganga, Kolte-Patil, Sagar Properties,
Nico, NSG Group and Vasupujya
Corporation number among the
and Pimple Saudagar soon saw rapid
development. Players such as GK
Associates, Sukhwani Constructions
and Wadhwani Constructions are
heavily in the fray with mid-income
housing projects.
Pimple Saudagar enjoys all the
primary market drivers that lend
vibrancy to the entire western region
of Pune. It currently patronized mainly
by end-users and is only beginning to
attract serious attention from investors.
At property rates ranging from Rs
5,200-5,700 per sq ft and annual
appreciation of 13-15 per cent, this
region presents very good options for
home buyers who are also focused on
healthy investment growth.
Rahatani, yet another emerging
suburb of the PCMCP, is a residential
hub catering mainly to the affordable
housing segment. Due to its proximity
to the Mumbai-Pune Expressway and
the manufacturing belt of the west,
Rahatani receives a lot of demand from
the IT and industrial sectors. Current
prices range between Rs 4,800-5,300
per sq ft and appreciation has been to
the tune of 12-14 per cent.
Sanjay
Bajaj
Managing Director,
Pune, JLL India

9. EQUIPMENT August 04-10, 2014 9
Vikas Chadha new MD for
Honeywell Automation India
Process Solutions (HPS), a Honeywell
business that supplies automation
control, instrumentation and services
to process manufacturers in industries
such as oil and gas, refining, pulp and
paper, petrochemicals, and metals,
minerals and mining.
In this role, Vikas is responsible
for strategically leading various
divisions of Hail for continued growth
in the region, and strengthening the
brand and its equity with customers
and other key stakeholders. He will
also provide strategic direction and
operational leadership to the HPS
India business.
Vikas joined Honeywell in August
2009 and has progressed through
roles of increasing responsibility, most
On account of muted profitability
prospects Bajaj Finance has decided
to walk out of the construction
equipment (CE) financing business.
“We have been very cautious
about the business for over 18
months. Now, we have decided
to exit it fully, looking at it from the
profitability perspective,” said the
Pune-headquartered company’s
Chief Executive Rajeev Jain.
The CE portfolio, which the
company is carrying, is not too large
and will fully mature in the next 15-20
months, he said.
“We have not suffered in the
business and are not shutting it
because of any specific problems in
the credit. It is the lack of profitability
with no chances of a turnaround, due
to which we have taken this decision,”
he said.
He said the low ticket sizes, where
the average of a loan stands at Rs 18-
19 lakh, coupled with the low margins
make the business not so exciting
from the profitability perspective.
As against the overall gross non-performing
assets ratio of 1.13 per
cent, its gross non-performing assets
ratio for the construction equipment
The 20,000th Bobcat telehandler
rolled off the production line at the
manufacturer’s Pontchâteau plant in
Loire Atlantique in France recently.
The landmark unit was welcomed by
an official ceremony attended by the
site’s 200-strong workforce.
Xavier Larroque, telehandler
products manager, and Laurent
Gicquel, Pontchâteau plant manager,
presented the keys of the new Bobcat
T40180 to its purchaser, the Manuco
dealership from the suburbs of
Rouen.
Bobcat, in its statement, said
production at Pontchâteau continued
to go from strength to strength. The
manufacturer forecast sales growth
of 15 per cent and a 17 increase
in turnover for 2014, compared to
2013.
It added that around 51 per cent
of revenues came from the rental
recently as regional general manager
for Honeywell Building Solutions (HBS),
an integrated building management
solutions business within Hail.
His leadership enabled HBS to
grow in the region and reinforced HBS’
position in the integrated building
management solutions area in India.
Vikas’ successful career track
record spans over 20 years, featuring
experience in strategy, consulting,
business and people management
roles. He holds a post-graduate
programme degree in management
(majors in finance and marketing)
from the Indian School of Business
(ISB) and bachelors in electronics
engineering from Delhi College of
Engineering.
segment was around 4.5 per cent.
Loans given under the construction
equipment financing are for asset
purchases like earthmovers, concrete
mixers, etc, he said.
It can be noted that a slew of
banks, including ones from the
private sector like HDFC Bank and
Kotak Mahindra Bank, have in the
past reported stress on their CE
books and have been cautious on
the sector.
Lenders blame a majority of
worries on the sector to the stress
faced by the economy with low
growth, which has resulted in a ripple
effect and affected growth in several
sectors, including infrastructure.
Moreover, lack of clearances for
infrastructure projects and also some
judicial interventions, which have held
back projects, has also affected the
sector.
Jain said the company is going
slow on infrastructure lending as
well and hinted that it may decide to
withdraw from this segment as well.
He said the company has already
stopped financing large infrastructure
projects and does only a select few
of them at present.
and construction sectors, as well as
general industry.
Underlining its optimism in the
market, Bobcat said it planned to make
improvements to the Pontchâteau site
in 2014 to boost production and take
advantage of strong demand for
Bobcat’s French-made telehandlers.
Larroque said, “80 per cent of our
production is exported. Apart from
France, we have a strong presence
in Eastern Europe, Germany and the
Middle East.”
The manufacturer said the
Pontchâteau site produced 12 different
Bobcat telehandler models, with lifting
heights from 5 to 18 m.
It said it planned to introduce a new
generation of machines, continuing
the trend set by the TL360 and TL470
models with Stage IIIB engines and
T40140 and T40180 construction
industry models launched last year.
Honeywell Process Solutions
appointed Vikas Chadha as
Managing Director for Honeywell
Automation India Ltd (Hail), and
India country leader for Honeywell
Schwing Stetter India MD
Anand Sundaresan elected
President of EFSI
The Employers Federation of
Southern India (EFSI), a representative
body for employers in the country,
has elected Anand Sundaresan,
Vice-Chairman & Managing Director,
Schwing Stetter India, as President of
the EFSI during its 94th AGM which
took place recently.
Sundaresan, who takes over from
Ramesh Datla, Managing Director,
Elico Ltd, will be responsible for
implementing progressive initiatives
towards further improving employer-employee
relationship. AS Girish,
Head HR, Apollo Tyres Ltd, was
elected as Vice President of EFSI for
the year 2014-15.
On the occasion Sundaresan said,
“The new government in the Centre
focusing on policy reforms will create
huge employment opportunities,
especially in Southern India and
Tamil Nadu where the government is
undertaking various development and
infrastructure improvement initiatives,
with emphasis on employee welfare.
The EFSI will play a very important
role in improving employer-employee
relationship in Southern India.”
Sundaresan comes with over three
decades of experience in various
Indian and multi-national companies.
He joined Schwing Stetter India
in 1999 as Executive Director and
became Managing Di rector i n
January 2002 and Vice Chairman
& Managing Director in 2013. In
addition, he is also the Vice President
of the Indian Construction Equipment
Manufacturers Association (Icema).
Potain tower cranes building
$3.8 b dam in Laos
A team of 19 Potain tower cranes
are building new hydropower mega
project -- the 1,285 mw Xayaburi
dam in northern Laos. The cranes are
working 24/7 on the eight-year project,
which will create an 820 m long dam
across the Mekong River.
Potain is one of the leading suppliers
of lift equipment for dam building
projects with several of its cranes
central to the construction of China’s
Three Gorges dam, the world’s largest
dam in terms of installed capacity and
one of the highest profile projects of
recent years.
The success of the highly ambitious
Xayaburi project will depend largely on
the performance of Potain cranes.
Their primary task is to place Roller
Compacted Concrete at a rate of 250
m3 per hour. Handling much of this
work are two Potain MD 1600s. These
giant 64 t capacity tower cranes are
fitted with Potain’s top-belt concrete
Bajaj Fin may exit
CE finance business
20,000th telehandler
from Bobcat
placing system which combines the
benefits of a powerful crane with a
concrete conveyor belt, which extends
25 m beyond the jib end, enabling
each crane to pour up to 600 t of
concrete per hour at a radius of up
to 105 m.
The concrete placing system
was one of the main reasons why
Potain cranes were chosen for the
demanding project. Manitowoc and
partner Nippon Conveyor created
the solution, combining Nippon’s
belt conveyor system and the high
capacity Potain MD cranes. The
concept was first used on the Three
Gorges dam and was later employed
on the Longtan gravity dam, also
in China, and the Sesan dam in
Vietnam.
Thamnoon Surarat , project
manager at main contractor CH,
Karnchang PCL, said that Potain’s
experience in dam building made
the company a trusted partner for
the project.
“Potain provided the best solution
for us and the company’s Lifting
Solution department has a wealth
of experience in successful dam
construction that gave us confidence
that our own project will be a success,”
he says. “Manitowoc’s Lifting Solution
department and Potain’s dealer, SB
Siam, worked closely with us to design,
implement and maintain a unique
set-up that will work consistently in
harsh and humid conditions with tight
deadlines and a demanding work
schedule. Everything is moving ahead
as planned and we are delighted with
the cranes.”
All of the Potain tower cranes were
supplied by SB Siam, Potain’s dealer
for Thailand. Working in unison, tower
crane experts from Manitowoc in
France and Singapore, together with
SBS, provided the unique solution to
the project, including erection and
maintenance to ensure the cranes
operate at maximum efficiency day
in, day out.
Alongside the two Potain MD 1600s
at the Xayaburi dam are 17 other
Potain tower cranes, some of which
were manufactured at the company’s
Zhangjiagang factory in China and
others at its facilities in Moulins and
Charlieu in France.
The Potain cranes were erected
between March and August 2012. The
cranes are strategically positioned
to give every square meter of the
construction site at least 3 t of lifting
capability.
The Potain tower cranes at
the project represent much of the
company’s top-slewing tower crane
range.
As well as the MD 1600s, which are
rigged with full 80 m jibs and offer a
height under hook of 92 m, there are
two MC 205s, four MCT 385s and
11 MC 310s. These MC and MCT
models offer capacities from 10 t to
14 t and are pouring Conventional
Vibrated Concrete, as well as lifting
general construction materials, such
as formwork and rebar.
The 14 t capacity version of the
MCT 385 topless tower crane offers a
maximum jib length of 75 m, at which it
can lift 3.2 t. Potain’s MC 205 B is a 10
t capacity tower crane that can work
with a 60 m jib and lift 2.4 t at jib end.
The Potain MC 310 is a 12 t capacity
that has a maximum jib length 70 m
jib and can lift 3.2 t at jib end.

10. real estate August 04-10, 2014 10
Vastushodh forays in
low-cost housing for
senior citizens
Pune-based Vastushodh Projects,
player in the affordable housing
space, announced the launch of
‘SukhGram’, the affordable housing
scheme for senior citizen. Pricing of
homes at ‘SukhGram’ would range
between Rs 10-35 lakh depending
on the location.
‘ S u k h G r a m ’ w i l l b e a n
independent gated community within
‘AnandGram’ and ‘UrbanGram’
projects of Vastushodh with specially
designed homes and infrastructure
that will support assisted living.
“While building our ‘AnandGram’
and ‘UrbanGram’ projects we came
across a lot of senior citizens who
were approaching their retirement
age and wanted to buy a flat with
us that was well within their budget
and which could be bought from
their post-retirement benefits. This
need gap prompted us to get
into affordable housing for senior
Mahindra World City
Sez bags IGBC Stage I
certification
Mahindra Lifespace Developers,
the infrastructure division of the
$16.5 billion Mahindra Group, said
its Mahindra World City township has
bagged Stage I certification under
the Indian Green Building Council
(IGBC) Green Townships. Mahindra
World City, the Sez of Mahindra
Lifespace Developers, is situated at
nearby Singaperumal Koil.
“This certification is a validation
of our vision to promote sustainable
urbanizat ion by decongest ing
existing cities and offering the right
balance between life, living and
livelihood”, said Mahindra Lifespace
Developers, Integrated cities and
Industrial clusters, CEO Sangeeta
Prasad.
Mahindra World City, Chennai,
Tatas to tread realty path
to re-enter Bengal
Shriram strikes deal to buy
part of AVM studio land
Buy one villa, get one
apartment free
The Tata Group is coming back
to Bengal with an initial investment
of Rs 600 crore. Tata Housing
Development Company, the housing
and infrastructure arm of Tata Sons,
has entered into a joint venture with
Kolkata-based Keventer Group for a
luxury housing project in Alipore. Tata
group didn’t desert Bengal after the
Singur episode. “It would come back
at the right moment,” Ratan Tata had
said in Kolkata in September 2012
while addressing his last AGM (of
Tata Global Beverages) as chairman
of the $100 billion multinational.
Twenty two months later, the group
has kept its promise. It will also be
Shriram Properties Ltd, a part of the
$15 billion diversified Shriram Group,
has struck a landmark real estate deal
with the family of the legendary film
producer A V Meiyappan. Shriram’s
real estate unit has entered into a
preliminary agreement with AVM
Balasubramanian, one of the five sons
of Meiyappan, to pick up economic
interest in about 6.5 acres of prime
land at Vadapalani in Chennai, which
is part of the complex housing India’s
oldest surviving film studio AVM.
Until recently, property developers
were attracting buyers by offering,
say, a modular kitchen or car park for a
concessional rate or free. But Modern
& Creative, a unit of Martin Group
of companies, is tempting buyers
to purchase villas at Ganapathy in
Coimbatore by offering an apartment
at Saravanampatti for free. This is
a no-strings attached offer, with no
requirement for buyers to take part
in any contest.
“With new developments proving
hard to sell, and inventory aplenty,
we decided to come up with this
offer,” says Charles Martin, Managing
Director, Martin Group. The group
the first Tata project in the state under
the leadership of new chairman Cyrus
Mistry.
Tata Housing will hold 51 per cent
in the JV while the remaining 49 per
cent will be with Keventer. To start
with, it would develop a three-acre
land parcel near Alipore. A source
close to the development said the
company initially plans to develop
half-a-million sq ft and expects to
generate revenue of over Rs 1,000
crore.
Earlier, Tata Housing had formed
a consortium with Keventer to bid for
CTC land in Tollygunge. However, the
state government is yet to declare
The developer plans to build
700,000 sq ft residential projects
on the land. Valued at just under Rs
400 crore, the land parcel represents
Balasubramanian’s share of the AVM
Studio.
Sources citied earlier said that the
deal would be structured in two parts,
where Shriram Properties will buy half
of Balasubramanian’s land for about
Rs 180 crore and jointly develop the
remaining half with him.
intends to restrict this offer to 20
bookings.
The villas, priced at Rs 1.55 crore
each (excluding registration fee), will
have a built-up area of 2,100 sq ft.
The project, located at Ganapathy,
is coming up on 6 acres of land. “We
intend to develop 99 plots. Of these,
32 plots have been earmarked for
construction of row houses in the
sub- Rs. 50 lakh range and the rest
will be promoted as premium villas.
We will do 28 villas in the first phase.
Construction is yet to start, but from
the date of commencement of this
project, it will be completed in 12-14
months,” explained Martin.
is the first township to be awarded
Stage I certification under IGBC
Green Townships. It was evaluated
on four environmental categories
as defined by IGBC, including site
selection and planning, land use
planning, transportation planning and
innovation in design and technology,
said the statement.
the name of the selected bidder.
Commenting on the announcement,
Brotin Banerjee, MD & CEO, Tata
Housing Development Company,
said, “We believe this is the right
time to increase our footprint of
quality land parcels in city centres
of major metros as the demand will
start picking with improvement in
macro economy by the end of this
year. This joint venture is in line with
Tata Housing’s vision to expand
their presence in the fast-growing
segment. Tata Housing has always
believed in setting a benchmark in
the real estate industry with luxury
and ultra-luxury projects.”
citizens,” said Sachin Kulkarni, MD,
Vastushodh Projects.
The first ‘SukhGram’ will come
up at ‘UrbanGram’ Pirangut site
and will house over 200 homes for
senior citizens with option like Studio
Apartment (400 sq ft), 1 BHK (650 sq
ft) and 2 BHK (850 sq ft). It would
also have a special guest house with
eight rooms for the convenience of
guests who will visit the residents of
SukhGram, said the company.
“Vastushodh will form a separate
entity that will offer the required
support services at ‘SukhGram’,
t h e s e s e r v i c e s w i l l i n c l u d e
healthcare services with a day care
centre, preventive maintenance of
homes and other infrastructure,
housekeeping, secur i ty, food,
entertainment, emergency services
and concierge services, ” said
NitinKulkarni, Director, Vastushodh
Projects.
Realty players to help frame
policies for smart cities
The Indian real estate players
are helping with their suggestions in
framing policies for 100 smart cities
in the country proposed by the new
government. “Smart cities are on
table...it will take up some more time
to formation. But still it poured a lot of
positive sentiments in the real estate
sector. At this time, we are trying to
contribute in framing the policy by
sending suggestions to the Prime
Minister’s Office,” said Abhay Kele,
Chairman & Managing Director, Prithvi
Edifice.
“The real estate market has
traditionally been an un-organized
and fragmented one. But, we have
witnessed the influx of international
technologies and materials in the
building industries in cities like
Bengaluru, Delhi and Mumbai,” said
Srinivas Ammanabrolu, Vice President,
Living Walls, Bengaluru.
Ammanabrolu cited the use
of modular form work, Austrian
technology for bricks, gypsum plaster
that are being used commonly these
days than five years ago. Building
designs and architectural finishes in
the Indian real estate projects have
been improving in recent years, said
the executives.
They noted a significant change
in the usually lacklustre but profit-oriented
real estate sector, pointing out
that developers are hiring international
designer architects and planning new
things. While the industry is waiting
for more details on the plan for smart
cities, the executives have stressed
on the importance of technology in
the development of facilities.
“It is important to use technology
and adapt to difficult situations,” said
Vvikas Aroraa, director of marketing
and sales, Runwal Group. He cited
the challenges in redevelopment
in crowded south Mumbai and
called for innovative ways for project
implementations. However, most of
the developers are still set on older
practices while architects continue
to press for a big change in project
implementations, given the massive
housing development and urban
re-development required in the
country.

11. IENTRNATIONAL August 04-10, 2014 11
Bechtel, Network Rail’s expansion
of Reading station on schedule
Bechtel and Network Rail have
successfully completed the massive
expansion of Reading train station in
England—one of the busiest stations
outside London—on schedule and
within budget.
The work was carried out over four
years as a major part of the £895 million
Reading Station Area Redevelopment
programme. The track layout outside
the station has been improved to ease
congestion and the station’s capacity
has been doubled, allowing it to cater
for up to 30 million passengers a year,
which is forecast by 2030. The new
station was formally opened on July
17 by Queen Elizabeth II.
“This project was complex given
that we were working on an operational
rail system. However, careful planning
and dedication ensured that we were
able to get the job done right, safely,”
said Ailie MacAdam, Managing Director
of Bechtel’s global rail business.
“Collaboration between Network
Rail, train operators, passengers and
other stakeholders was essential to
the success of Reading station’s
transformation.”
Reading station now has an
additional five platforms; lifts and
escalators to make it easier to get
around the station; two station
entrances connected by a new
passenger transfer link bridge; and a
new train depot.
The station has also been able to
increase its timetable with an extra
four passenger trains per hour and
six freight trains per day. The official
opening of Reading station represents
a significant milestone in the station
T h e Ar e a Re d e v e l o pme n t
programme, with the overall set
of enhancement works, is set to
complete in Spring 2015, a year
ahead of the original baseline plan.
“Reading is now a state-of-the-art
station, future-proofed to cope with
more than double its current number
of passengers,” said Robbie Burns,
Network Rail’s infrastructure projects
regional director, Western and Wales.
“Re adi ng s t a t ion a nd t h e
surrounding area has been one of
the worst bottlenecks on the British
railway network, and the station is a
major part of the programme of works
to reduce this.”
Bechtel was selected by Network
Rail in 2009 to provide project
management services for the
£3.1 billion Crossrail and Reading
programme, which aims to upgrade
key parts of the UK rail system.
A global leader in the rail industry,
Bechtel has successfully delivered
some of the largest and most complex
rail projects in the world, including the
Strabag wins €130 m
expressway contract in Poland
LA Metro awards
contract for Purple Line
phase-1
Metro has awarded a $1.6 billion
contract to a joint venture of three
construction firms, Skanska, Traylor
Bros and JF Shea or STS to begin
construction of first phase of the of
Purple Line Toward Westside.
Last month, the Metropolitan
Transpor tat ion Author i t y had
recommended that STS be awarded
the contract to build the 3.9-mile
project. The extension will take the line
from its terminus at Wilshire Boulevard
and Western Avenue to Wilshire and
La Cienega boulevards.
It would include underground
stations at Wilshire/La Brea, Wilshire/
Fairfax and Wilshire/La Cienega.
The extension work is slated to be
completed in October 2024, according
to Metro. The Westside Subway
Extension will extend westward
for about nine miles with seven
new stations. It will provide a high-capacity,
high-speed, dependable
alternative for those traveling to
and from LA’s ‘second downtown’,
including destinations such as Miracle
Mile, Beverly Hills, Century City, and
Westwood.
A consortium of two Strabag
subsidiaries has secured a €130
million contract for construction of a
part of S7 expressway in the east of
Kraków, Poland. The S7 expressway
section, known as Trasa Nowohucka,
will stretch between Rybitwy and
Igolomska.
It is aimed to absorb traffic from
national road 79 in three years,
and divert it to the A4 motorway
between Katowice and Rzeszów.
The construction work on the site
is planned to start in August or
September and will last for three
years.
Under the contract, the companies
will construct and upgrade 18.6
km stretch of road, including the
4.5 km long expressway with two
carriageways consisting of three
lanes each as well as 1.6km of
national road.
The contract will also see the
construction of on- and off-ramps
as well as six flyovers and five
bridges. In addition, tram lines will
be modernized. The new section of
highway will cross two districts of
Kraków -- Podgórze and Nowa Huta
and will form part of the expressway
that is planned to connect Gdansk
in the north and Rabka-Zdrój in the
south of Poland.
Channel Tunnel, High Speed 1, San
Francisco Bart system and the Athens
Metro. It is currently
working on Crossrail and Vauxhall
Underground Station both in London,
the Riyadh Metro, the Rio de Janeiro
Metro, and the Dulles Metrorail
extension outside Washington, DC.
Queensland’s first light
rail system unveiled
Stage 1 of Queensland’s first
light rail system worth $1billion has
been unveiled by the transport and
main roads minister Scott Emerson
in Australia. Delivering a world-class
public transport system for
the city centre, the Gold Coast light
rail encompasses 13 km and links
key activity areas along the Gold
Coast from Parklands to Broadbeach
with 15 at-grade stations and one
Wales to build new
motorway in Newport, UK
The Welsh government has floated
tender to build £800 million M4
Corridor extension around Newport.
In order to tackle local congestion on
the M4 relief road, the government
plans to build a new stretch of
three-lane motorway to the south of
Newport.
The existing M4 between Magor
and Castleton will also be reclassified
as a non-motorway. An additional
new connection between the M4,
M48 and B4245 is expected to
provide relief to Junction 23A and to
Ashghal opens 9 km Dukhan
Highway Central in Doha
The Public Works Authority of Qatar,
Ashghal has opened the Dukhan
Highway Central connecting from
Sheehaniya Interchange to Al Rayyan
Stadium Roundabout, which will
enhance the traffic flow between
Dukhan and Central Doha.
Touted to be an important section of
the road network in Qatar, the Dukhan
Highway replaces the old Dukhan
Highway which consisted of two lanes
in each direction.
Dukhan Highway Central stretches
from Sheehaniya Interchange to
Al Rayyan Stadium Roundabout. It
provides local access to the community
through two-lane service road and the
driving speed has been limited to
120km p r hour to increase the safety
of road users.
Dukhan Highway Central project,
which commenced in the second
quarter of 2011, consists of a dual
underground station. Arup was the
lead design consultant for Stage one
of the project, which took two years
to complete.
The Queensland government
contributed $464 million to the project,
while the Australian government
contributed $365 million and the Gold
Coast City Council provided $120
million, with the GoldLinQ consortium
also investing in the project.
the local road network as well.
The aim of the new contract is to
publish draft orders in spring 2016,
with plans to hold a public inquiry in
winter 2016/2017 and commence
construction during 2018-spring.
The £800 million scheme, originally
proposed in 1991, was dropped
by the government in 2009 due to
increase in costs to £1 billion. The
motorway construction is expected to
be completed by autumn 2021, with
overall project completion expected
to take place in spring 2022.
carriageway with four lanes in each
direction, service roads and a cycle,
and includes the construction of 15
km of a new highway. The highway will
start from west of the existing Al Wajba
Interchange and end east of the town
of Al Sheehaniya.
Two underpass interchanges at
New Wajba, and Al Dehailiyat Army
Camp will also be constructed as
part of the project, which is part of
Ashghal’s Expressway Programme,
that plans to build a highway network
stretching over 980km and including
more than 10,000 km of lanes and
more than 240 intersections.
In addition, ‘Rawdat Rashed’,
a major multi-level interchange will
be constructed at the junction of
Celebration Road to accommodate
access to Al Rayyan Stadium, Mall of
Qatar and other construction projects
in the area.

12. August 04-10, 2014 12
Registered with the Registrar of Newspapers for India under No. MAHENG/2012/41844
Posted at Mumbai Patrika Channel Sorting Office, Mumbai - 400001, on Monday
Published on Monday, August 04, 2014
Talking on the precast technology
he said , “Technological innovation is
the most suitable for manufacturing
process; structural elements are
produced from factories, which are
strategically located. Moreover, precast
offers speedy and cost effective
solution for mass housing.”
In the session Girish Dravid,
Director, Sterling Consultancy Services,
emphaisesd planning, design,
execution, maintenance in high-rise
construction where approvals, capital
mobilisation, cost benefit equation,
approachability to the site, availability
of expertise, market conditions are
mandatory amenities.
He further elaborated desirable
elements to be an important factor in
high-rise buildings where sleek and
slender structural members, simple
forms, repetitive assembly line work,
EVENTS
Regd. No. MH/MR/South-355/2012-14
WPP License No. MR/TECH/WPP-64/SOUTH/2013-14
events
Editor : Bina Verma
Editorial Team: Dilip Phansalkar, Paresh Parmar, Remona Divekar Designer: Rajen Mistry
Business Team: Shantanu Baraskar (9820904795), Seema Kohli (9820904931)
Email: contact@konstructionreview.com, editor@mmronline.com
No part of the contents of Construction Industry Review, in abridged or unabridged form,
can be reproduced without the written permission of the Editor. CIR does not accept any
responsibility for statements and opinions expressed by the authors.
August 9, 2014
Manexe
ITC Kakatiya, Hyderabad
Manexe is a 1-day event being held on August 9, 2014 at the ITC Kakatiya in Hyderabad.
This event showcases various products and services related to the manufacturing industry
and more, etc in the building construction industry.
Contact: The Confederation of Indian Industry,
203-204, Sears Tower, Gulbai Tekra, Near Panchwati, Ahmedabad
August 15-17, 2014
BACE Expo (Building Architectural Construction &
Engineering Symposium & Trade Show)
Milan Mela Ground, Kolkata
BACE Expo will be held for three consecutive days at Milan Mela Complex, Kolkata. The
key industry players and market leaders will discuss about modern tools and technology
associated with the building and construction sector. Participants will discuss about
growth of the real estate sector and build strategic business alliances with manufacturers
and dealers. The prospects of some of the major construction projects in Kolkata will be
highlighted. Some of the products that will be displayed include ceramic and stones,
elevators, escalators, bath and sanitation.
Contact: Ask Trade & Exhibitions Pvt Ltd,
Flat 307, Alsa Towns Ville,170/38 Arcot Road,
Valasaravakkam, Chennai
August 15-18, 2014
Construction Architecture & Interior Chennai
Chennai Trade Centre, Chennai
The show is a 4-day event being held from August 15 to 18, 2014 in Chennai. This event
showcases various products and services as well as equipment related to construction,
architectural firms and interior design, latest designs and technologies and more in Building
Construction, Architecture & Interior Designing.
Contact: I ads and events Pte Ltd,
61, 1st Floor, Gold Towers, 50 Residency Road, Bengaluru.
September 11-13, 2014
The Big 5 Construct India
Bombay Convention Centre, Mumbai
It will provide the ideal platform for influential architects, contractors, consultants and
engineers to share ideas about innovative construction tools and services.
Contact: DMG: Events. PO Box No 33817
Printed & published by Bina Verma on behalf of Asian Industry & Information Services, and printed at Amruta Print Arts, 205, Tantia Industrial Estate, J. R. Boricha Marg, Opp. Kastruba Hospital, Mahalaxmi, Mumbai 400 011
and published at 1st Floor, Feltham House, 10, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. Tel.: 022-2266 0623. Editor: Bina Verma Annual Subscription : Rs. 5,000/-
Dubai, UAE
October 4, 2014
19th One Full Day Workshop
The Institution of Engineers (India), Mahalaxmi, Mumbai
Workshop on Jirnoddhara of RCC buildings which contains Structural Audit, Upgrading
(House - Keeping, Regular Maintenance, Repairs, Rehabilitation); Fixing Leakage and
Waterproofing of existing RCC buildings and a total new concept to construct RCC durable
buildings without leakage with practicals on acrylic polymer-based flexible membrane
waterproofing system.
Contact: Jayakumar Jivraj Shah, Single Faculty Course Conductor,
203, Wing-B, Lakshmi Apartments, Corporation Bank Building,
Behind Anand Nagar, Dahisar (East), Mumbai 400068.
Cell: 919819242649 Phone: 28483541/9819242649
jjshah123123@rediffmail.com
The Institution of Engineers (India), Mahalaxmi, Mumbai
Phones: 022-23543650/23542943 Mobile: 09820392726
December 4-6, 2014
Ceramics Asia
Gujarat University Exhibition Hall, Ahmedabad
This event will be organized to enhance that potential by bringing industry professionals
from different corners of the world under one roof. Ceramics Asia is going to be organized
for three days at the Gujarat University Exhibition Center in Ahmedabad
Contact: Unifair Exhibition Service Co. Ltd, Room 802-804, Daxin Building,
538 Dezheng North Road Guangzhou, China
December 15-18, 2014
bC India Show
India Expo Centre and Mart, Greater Noida
The International Trade Fair for Construction Machinery, Building Material Machines, Mining
Machines and Construction Vehicles-provides the international construction industry with
a professional platform for the construction industry.
Contact: B C Expo India Pvt Ltd,
Lalani Aura, 5th Floor, 34th Road, Khar (West), Mumbai
constructible design and detailing,
light weight construction are of prime
importance.
“Consultants and contractors
must be aware of the time and
budget constraints of the project
where the developer, consultants
and contractors must strive to bring
in emerging technologies for every
aspect. Developer, consultants and
contractors should act in a spirit of
alliance rather than facilitators,” he said.
He added “Following the best
industry practices such as interaction
with fellow professionals will help in
understanding tall building aspects
beyond code prescribed norms.”
The seminar concluded with a
session on new building material,
where Pranav Desai- National Product
Manager-Special Concrete, Lafarge
Aggregates & Concrete India Pvt.
Ltd. and Siddharth Dhond - National
Product Manager – Morpla, Lafarge
Aggregates & Concrete India Pvt.
Ltd., presented new developments
in ready mix concrete – value added
products.
The seminar’s resourceful content
blended together with new trends in
buildings & construction industry –
right from policies, budget analysis,
production, markets, etc. to project
management, latest technologies,
environmental role, and building
materials, among others.
It served as a launch-pad for
discussion on new products,
technology and innovations with
respect to sustainable technologies
and materials in the construction
industry.
5th annual
CIR seminar...
(contd. from pg 2)