April 2020

B2B Corner Archives – Page 3 of 14 – Go Smart Bricks

maximios April 22, 2020

Project Name: Centre for Sports Excellence (CSE), Bengaluru Architect: SPACE MATRIX Builder: KARSAN DEVELOPERS Product Used: Argemax Facade Panels Centre for Sports Excellence (CSE) is a one-of-a-kind private multisport facility located in Bengaluru which is now the site of an attention-grabbing Sports Block. The unusual design amalgamated with its well-designed façade makes it totally stands […]

Mike Dieterich is a LEED Accredited Professional, environmental scientist, bestselling author, and award-winning producer. Over the past decade, he has written policies and programs that support sustainable development. His efforts have culminated in the success of passing historic sustainability efforts in Washington DC. Dieterich has been called upon as an expert for the US Congress, […]

Architecture since its inception has been one strong physical manifestation of cultural and commercial change. It is a real expression of values and mirrors the way we live. And these architectural illustrations are most evident in cities, a landscape which presents numerous threats and challenges for the future. What is represented at its best in […]

Since 10 years now, Wienerberger, a European company with headquarters in Vienna, have been manufacturing and selling, Resource Efficient Bricks (REB) or Clay hollow blocks under the brand name Porotherm…later known as Porotherm Smart Bricks. The manufacturing process is one of a kind system, done by very few other companies is South East Asia, and […]

There is no way to keep a home dry in five feet of rain. But, there several ways in which you can protect your homes from the increasingly strong rains which have now become less an exception and more a rule. You may not realize, but your home is more prone to water damage than […]

Unquestionably, bricks are one of the oldest building materials around, but despite being antique it is always looked at with fresh eyes. No wonder, architecture across the globe shares this undying love affair with bricks. Every wondered why Architects love building with bricks? As one of the oldest and most versatile man-made building materials, brick […]

What is a green building? To explain in the simplest terms, Green building is environmentally-conscious construction and operation of a building structure. And for many good reasons, green building is becoming increasingly common. With the shift in mind-sets today the idea of promoting sustainability and green building concepts have taken a front foot in the […]

The School – KFI, Chennai Architects: Green Evolution, Chennai Project Snapshot: Project Name – The School – KFI (Krishnamurthy Foundation India) Location – Thazhambur, Chennai, Tamil Nadu Total Area Of The Building – 56,000 Sq. Ft Walling Material – Porotherm Blocks Children spend 90% of their time indoors and most of that is spent inside […]

Vertical Garden as many calls it is something that has scarcely hit the industry with a bang, but the good news is – it’s slowly getting there. Across the globe, companies are tapping into this technology to turn the dense urban cities with adequate plant growth to curb air pollution and make the city beautiful. […]

The construction industry faced two major events last year, Real Estate Regulation & Development Act (RERA) and Goods and Services Tax (GST), both these events have forced the industry to become more transparent and process driven. RERA’s main objective is to regulate the unregulated sector and bring in more discipline to check the project delays […]

Architecture

Innovation Archives – Page 3 of 4 – Go Smart Bricks

maximios April 22, 2020

If you look at the temple of Sai Mandir in Vennached, it looks like a distilled version of just any traditional Hindu temple- being a simple religious building which consists of recognisable elements like gateways, circumambulation bath and sanctum. On the other hand, what in fact makes this place of worship unique is the creative […]

Bali is the place to relax and unwind yourself. In this scenic holiday destination, you could unleash the potential of your body and soul with yoga. One such place where you can practice yoga in sync with nature is at Yoga Pavilion at Four Seasons Resort Bali at Sayan. The Special Feature that Makes it […]

Sustainable construction is the name of today’s game, and this is not a bad thing Today’s homes are constructed to mirror life’s successes and also to abide by the gold standards of sustainable construction or living. The world has taken notice of the massive repercussions of global warming, purely driven by inefficient usage of natural […]

Significance of your success Since the days of yore, we humans seek three main things in life, no matter how rich or poor we are; food, clothing, and shelter. With our personal and professional growth, we tend to imbibe more and more sophistication in what we eat (food), in what we wear (clothes), and in […]

Global corporations have swung their interests in building sustainable commercial complexes. Which has led to an increase in sustainable building materials reaching to the masses. Ever since former US Vice President’s documentary on climate change “An Inconvenient Truth” cast a spell on us all, sustainable living has been endorsed by the developed world, and is […]

Here are the top five innovative building materials from around the world. These prodcuts or techniques champion sustainable living. With the amount of resources dedicated to R&D in construction around the world, we need not wait for decades to see these products or construction strategies to come to our towns and cities in India. This […]

What is Smart Glass Special high-tech glass is used in smart windows that can quickly go from clear to tinted. It can block glare, light, or heat. Smart glass is also referred to as switchable or dynamic glass. Smart glass will eventually function as a computer screen. It will be operated by touching a button. […]

Smart living is trending. Everyone is curious about it and each day a new smart living technique is being explored. But what is it? In brief, Smart Living includes the use of few intellective systems working in collective euphony to deliver a healthy, protective and suited life in smart environments. It inculcates the use of […]

2016 can be termed as the year of breakthroughs in the sphere of buildings and projects. There have been new innovations in the zone such as walling system, ventilation system, lighting system to list a few. Simultaneously, building sector saw several technological innovations such as ‘Building Information Model’. New guidelines are being drafted globally for […]

The Real Estate industry is reputed for being extremely slow to embrace new technology.Not though the trend seems to be changing but it is slowly happening.Technology’s ability of information overflow has made all aspects of real estate open to the public. Nowadays, everyone be it, buyers, sellers and brokers can easily obtain information which was […]

Architecture

B2B Corner Archives – Page 2 of 14 – Go Smart Bricks

maximios April 22, 2020

What is sustainable development? Well, sustainable development is that development which meets the needs of the present without conceding the ability of future generations to meet their own wants. India being a rising economy has seen extensive industrialization and development in the recent past, this development has caused an adverse impact on the environment. Coming […]

A building’s facade plays a huge role in lending a unique character to the structure’s overall image. But that’s not all, apart from rendering aesthetics it plays a vital role when considering issues of green building and sustainable design. For a building construction specialist, understanding the importance of improving the sustainability and performance of the […]

Buildings are unswervingly identified as a weighty contributor to energy consumption and greenhouse gas emissions. In fact, buildings are responsible for nearly half (44.6%) of U.S. CO2 emissions – Additionally, their contributions to waste, pollution, and resource use cannot be ignored. To combat this, the concept of ‘green building’ emerged as a strong element. In […]

Demolition or deconstruction is one of the most dangerous areas of construction. According to a research study for the UK Health and Safety Executive (HSE), 40.6 percent of the overall construction fatalities occur on refurbishment sites. Whereby refurbishment comprises demolition, dismantling, renovation, and restoration works. Adding further to this figure, the German Federal Institute for […]

Why Do We Need To Adapt Sustainable Living And Self Sustainable Practices On Forest? United Nations Food and Agriculture Organization (FAO) states that an estimated 18 million acres of forest are lost each year to deforestation, making it one of the biggest causes of concern responsible for the rapidly depleting natural resources. In other words, […]

Let’s begin with, The Edge, a 40,000m² office building located in the Zuidas business district in Amsterdam. What makes the Edge exception? it’s the fact that it bagged 98 out of 100 points from BREEAM (Building Research Establishment Environmental Assessment Methodology). Yes, The Edge worlds greenest office building and has been inspiring the world since […]

Michael Murphy, the co-founder, and CEO of MASS Design Group, has built his architectural career on creating buildings based on the principal – Architecture That’s Built To Heal Murphy said in his talk at TED2016 “I have learned that architecture can be a transformative engine for change,” The annual TED conference 2016 was held in […]

It’s no secret that modern technologies are literally revolutionising every aspect of life. Our construction industry, incessantly being upgraded and updated with latest and modern technology, is one evident example of this. Green building is on the rise, in fact, it is has become a critical part of the world today. The World Green Building Trends recognized […]

Tony Fadell explains how, as humans, we get used to the things around us really fast. This process of “habituation” is one of the key ways in which humans learn and live peaceably with their environments. Habituation has the plus of freeing up our conscious attention so that we can focus on other things; but […]

Jason Mclennan is one of the most powerful individuals in the field of architecture and green building movement today. He is the CEO of the International Living Future Institute, a leading NGO (Non-Governmental Organization) which focuses on the transformation to a world that is socially just, culturally rich and ecologically restorative. It wouldn’t be wrong […]

Architecture

In News Archives – Page 3 of 6 – Go Smart Bricks

maximios April 22, 2020

‘Indiabulls Real Estate has recently raised Rs 20 crore through issue of non-convertible debentures on private placement basis’. ‘Motilal Oswal Real Estate, the private equity real estate fund of Motilal Oswal Group, has raised around 800 crores for investment in residential projects’.These are two very important developments of the recent times. These investments are enough […]

‘Often the presence of mind and energy of a person remote from the spotlight decide the course of history for centuries to come’. Stefan Zweig, Writer. This quote seems to be completely apt for Kochi at this moment. You ask why? Well, Kochi is in the spotlight and for all good reasons. Reportedly, Kochi is all […]

JLL’s ninth Global Real Estate Transparency Index discloses the list of countries that provide the most commendatory operating environments for investors, builders, and developers. The measuring criteria Index measurement is quite authentic and detailed. It covers 109 markets around the world. JLL’s Global Real Estate Transparency Index evaluates transparency based on 139 variables relating to […]

The 100% foreign direct investment liberalization by the government in real estate has started luring Japanese and Chinese Investors in India. The global real estate service firm Jones Lang LaSalle(JLL) alleges that Japanese investors are eager to make investments amounting to 2 billion dollars in subsequent three years in Industrial and residential projects. As per […]

IDFC Alternatives which was previously known as IDFC Private Equity Company Limited is in quest to raise 300 million dollars fund to invest in the Indian real estate sector as per a source in the vicinity of the development company. IDFC Alternatives, the private equity arm of Infrastructure Development Finance Company Limited, offers growth capital […]

The overpowering victory of Modi-led BJP government and oath of Mr. Narendra Modi on 26th May 2014 had raised lot of expectations from the government seeing the promises of its election campaign. With such optimism toward the government, it was vital that the new government at the centre to bring reforms that could bring a […]

Residential property in India is expected to acquire $1 billion investment this year. According to an industry expert, the most pivotal reason for this is India’s residential properties attractive rate of returns, which is averaging at a high of 20-22 per cent per annum. Rubi Arya, executive vice-chairman of the Mumbai-based Milestone Capital Advisors, explains […]

The Brick Awards is an independent award designed to celebrate some of the world’s best brick architecture. Hosted Wienerberger (The World’s Largest clay based building material manufacturer) Brick Awards is a competition that takes place every two years. Out of all submissions worldwide, an independent panel of architecture journalists and critics narrows down the number […]

Which city costs more, is it Bangalore? Is it Delhi? No, the answer is Mumbai. According to a UK study, Mumbai is the 17th most expensive city. London has been ranked as the world’s most expensive city to live and work, ahead of the cities such as New York and Hong […]

There is strength in unity. Perfect mix of teamwork and collaboration can do wonders. Keeping up this spirit of unity, Gaia Smart Cities, an Indian startup pioneering Internet of Things & smart cities solutions have collaborated with Stream Technologies to disseminate smart city networks across India. An Insight Into The Agreement: The agreement lays down […]

Architecture

In News Archives – Page 2 of 6 – Go Smart Bricks

maximios April 22, 2020

Balkrishna Doshi, the 90-year-old Indian architect has been named the winner of the 2018 Pritzker prize, the highest accolade in architecture. Doshi is one of India’s most influential architects of the 20th century, he is the 45th recipient of the Pritzker Prize and the first ever Indian to receive it. Born in 1927, into a […]

Architecture has been long worshipped like a religion. In older times, building a house was a great skill, and with considerations of Vastu Shastra and space planning, every build was considered a masterpiece. One such masterpiece built of pure woods and tiles was the house of the Oommen family, which had survived every odd and […]

In spite of all the widespread violations of various housing laws and rules when it comes to slums and unauthorised colonies, India still manages to keep its promises when it comes to green buildings. India bagged the third position this year in the US Green Building Council (USGBC) annual ranking of the top 10 countries […]

Mahesh Ramanujam has successfully completed his transition as the president and CEO of U.S. Green Building Council (USGBC) as announced by the Board of Directors. He took on this new post since November 2016 and will also serve the USGBC’s sister organization, Green Business Certification Inc. (GBCI) in the same post. The position was previously […]

India’s rich and the wealthy have their money invested in real estate and gold more than stocks and bonds. Categorizing the wealthy into primarily three groups- the entrepreneurs, the inheritors and the professionals. We can take each group and analyze their tendencies towards investment. Firstly the entrepreneurs, who consider their business as a first port […]

The Economic Times ACETECH is the largest exhibition held annually in India on Architecture, Construction, Engineering, innovation and design and only third-of-its-kind in the world. The ‘Acetech’ exhibition took place in Bangalore from October 21st, 2016 to October 23rd, 2016 on off Tumkur road, BIEC hall. The purpose of this exhibition was to provide an interactive platform […]

In an article covered by Deccan Herald, Wienerberger representative Anasua Mitra talks about energy efficient construction of building in India. Anasua details the important aspects to consider in order to make your home a green one. In the post Anasua beings with the basics to-dos to build a green, sustainable buildings (be it commercial complexes […]

Event Date: Oct 5 – Oct 8, 2016 Venue: India Habitat Centre, New Delhi Theme: ‘Beyond 2015: People, Planet & Progress’, is among the first international platforms to discuss the new agenda post the adoption of the Sustainable Development Goals and the signing of the Paris Agreement. The attempt is to initiate discussions on methodologies to be […]

Famous Indian, award-winning architect-turned-artist Vidur Bharadwaj finds his way into expressions of nature and canvases of historic monuments with ease in his art works. He is the design brain behind ‘green buildings’ like — Wipro Technologies, Gurgaon, Patni Campus and The Four Seasons Hotel, Noida — believes that it’s his responsibility to adopt sustainable art. […]

Architecture

Innovation Archives – Page 2 of 4 – Go Smart Bricks

maximios April 22, 2020

The urban population of India has been growing at a rapid rate and so has the demand for urban housing, but, the construction sector has failed to meet these rising demands at a quick pace. This unending housing demand instigated the Indian Government to recognize the need to fill the gap in the urban housing […]

Prefabricated construction, this term leads most of us to think about complete structures being built in a factory and then transported to the site and set on a foundation. To a great extent, this is notion is quite correct. To put in simpler terms, Prefab or prefabrication is the practice of bringing together components of […]

“Fully Solar Powered and Zero Electricity” – This well describes the idea of the students of Indian Institute of Technology, Bombay, (IIT-B). Yes, “Project Solarise” is a home that runs 100% on solar power, this housing project is truly one bold and innovative step towards sustainable housing development. The net-positive energy house was inaugurated by […]

Remember the military bunkers from World War I? Dug in trenches and barricaded by sacks of soil/sand and of course, barbed wires, these makeshift facilities were powerhouses of revolution. Whole operations were carried on from within and with personnel living their way for several months at a stretch. Well, it’s time we revisit the DIY […]

Colors are a vital element of our universe, not only in the natural environment but also in the environment which is created by the humans. Colors play a noteworthy role in the human evolutionary process, in the society and spaces we live and interact. When it comes to building architecture, we often consider colors to […]

It will not be wrong to say that we live in an era of Artificial Intelligence where technology drives most of our work. People are working hard to come up with new technologies and innovations that can simplify your life and benefits the society as well. With time, real estate industry is facing a remarkable […]

One man’s trash is another man’s treasure. True! But can trash turn into a benefit for the environment? Building with Waste – compiles some of the construction materials that are entirely or partly made out of waste materials. According to the book, people must be following the practice of using cheap, durable and green building […]

Several industries including manufacturing, healthcare, and transportation use the Internet of Things (IoT) solutions to boost productivity, streamline business processes and most importantly cut operating costs, and the Global Construction industry which is estimated to be worth $10.3 trillion by 2020 (Source), is no exception. The IoT is actually making noteworthy changes to this industry […]

Today, architecture finds itself at a crossroad. Building materials and new construction, along with the operation and maintenance of buildings, account for a considerable sum of the total greenhouse gas emissions. Knowing this reality, architects are supposed to carry the responsibility of building properties without deteriorating the planet’s environmental structure or depleting its resources any […]

Water conservation is the need of the hour because it is a very essential component for life and is indispensable for sustenance. Hence, the management, usage and conservation of water is vital for human beings and for environment and crops as well. As there is a pressing gap between the seasonal accessibility and the equitable […]

Architecture

Oriel Chambers: Unique In Its Way And Exemplary For Others – Go Smart Bricks

maximios April 22, 2020

‘In the beginning, it was all black and white’… Maureen O’Hara., actress.

Everything big had a humble beginning. Every ‘big phenomenon’ has had one moment of revolution which has paved the way for others. The case in focus here is’ curtain wall design’. We are talking about an exemplary building that enabled others to innovate. The building in focus here is Oriel Chambers.

What is a curtain wall?

Image Source- staticflickr.com

A curtain wall is a type of walling solution in which an outer covering of a building is non-structural. Being non-structural lightweight material such as glass could be used which reduces construction costs. When glass itself is used as the curtain wall, there is a big advantage is that natural light can penetrate more deeply within the building. Glass allows natural light which reduces the dependency of artificial lighting during day times.

The curtain wall facades, in general, do not carry any dead load weight from the building except its own dead load weight. A curtain wall is designed in such a way that it can resist air and water infiltration, oscillate persuaded by wind and seismic forces acting on the building.

Trace of history:

Oriel chambers is renowned as one of the world’s first buildings that featured a structure with a metal framed glass curtain wall. First of its kind. The building was drafted by famous architect Peter Ellis in the year 1864.The building covers an area of 43,000 sq. ft. and extends to five floors. The building is located in Liverpool, United Kingdom.

Oriel chambers holds immense significance whenever you consider modernistic architectural design. Its pre-fabricated structure is almost bible like in the history of architecture. Oriel chambers is often footnoted in architectural histories as a pioneer in the progress towards modernism. Modern architecture around it after the bombing of World War 2 has made it less obvious but it hasn’t lost it’s charm and significance.

Architectural Significance:

Oriel office was basically a designed space for rent in the shape of chambers. The early days of history, a chamber is what the Americans would call a suite, that is, a small office. Each of the chambers was supposed to be rented for a private business with a small number of end users, in between two and ten generally. Oriel Chambers was named so because of its oriel windows that cover in vertical stripes opens on both the facades. The structural short façade with seven stripes of windows with the non-symmetrical main entrance design opens to the famous Water Street.

Ground floor plan and elevation [Image Source- Link]

The main entrance to the building is designed out of the main façade axis because it fronts the corridor, which is located exactly at the axis of the inner part of the building. In other words, internal space efficiency is given a lot of importance. The building has been designed in such a way that from the outside it might seem to have three floors but in reality, there are five.

The central corridor of the building separates the plan in two let out areas. One side opens to Covent Garden Street and the other side opens to a narrow internal courtyard. The scheme of providing lots of light to both sides of the building (external and courtyard’s façade) must have really appealed to the owners.

The actual structure of the building is a combination of cast iron H-shaped columns forming a grid frame with cast iron inverted girders, spanning along the short direction of the building. The space between frames is small and it coincides with the windows broadness. This means that the external and internal facades become free of any structural stiffening.

Paving way for others:

The revolution of modern architecture that began with Oriel Chambers encouraged others to innovate. Soon after the building of Oriel Chambers the world witnessed several curtain wall and skyscrapers designs coming to life. Some of them are:

Reliance Building, Chicago (1895): The first building to use large plate glass windows.

Image Source- timstonor

The Woolworth Building, New York (1913): Best example of Gothic Revival type architecture.

Image Source- boweryboyshistory.

Empire State Building, New York (1931): Second largest building in the world.

Image Source-mentalfloss.com

Birmingham Post and Mail building in Birmingham: The building was constructed post World War 2. It has use of reinforced concrete frame, smooth marble and glass skin walling.

Image Source- architecture.com

Gherkin’, London: St Mary Axe is a commercial skyscraper in London’s primary financial district. It is a perfect example of sustainable modern architecture.

Image Source- londontopia

For more insight check out this video on Oriel Chambers:

Curated by editor at Wienerberger India

If you want to request the quotation for facades for your next project, drop us a word at [email protected]

Information Source- 1, 2 , 3

Feature Image- Link

Architecture

B2B Corner Archives – Go Smart Bricks

maximios April 22, 2020

Water scarcity issues are not new in India. Per capita water availability less than 1,700 cubic metre is considered water stressed and the present number in India is 1,545 cubic metre. Water resources ministry predicts water availability could plunge to 1,341 cubic metres in 2025 and as low as 1,140 by 2050. This scenario mirrors […]

Most women have a passion for nurturing inbuilt in them, hence they naturally make good architects. Speaking of the mid 20th century, women were not supposed to be architects, much less have their own independent practices. But some spectacular women fought the odds and established themselves as renowned architects, not just in the country, but […]

This year, on International Women’s Day, Gosmartbricks celebrates womanhood and recognizes the importance of a woman’s role in promoting and ensuring sustainable building practices in the country. Eminent Indian women architects like Sheila Sri Praksh and Shimul Javeri Kadri, who make us proud internationally, believe in building in harmony with nature; and continuously strive to […]

Madeta, the largest processor of milk in the Czech Republic and the premises of the Madeta factory located in Budweis wanted the Madeta Akademie to create a clear visual identity for the company’s premises, invest in thermal insulation and sustainability and optimize synergistic use of the existing buildings. The Madeta factory is used to occupy […]

Moving into a new house is one epic occasion, but again this can be overwhelming for several reasons. Knowing how to decorate a new home – and maybe on a budget – can be tough. Decorating your new home gives you a sense of elegance and relaxation every time you step in and spend your […]

With the aim of becoming the world capital of CO2 reduction by reducing its carbon emissions by 50%, Rotterdam has developed a set of self-sustainable floating Pavilion in Rijnhaven in 2013, with ambitious plans to adapt to sea level. This project is a catalyst for battling climate change, operating from three connected domes anchored within […]

Project Details Project Name – HOUSE CELOVŠKA 01, Ljubljana, Solvenia Category – Roof & Façade Year Of Completion – 2018 Products Used – Tondach Clay Roof Tiles In Slovenia, the term family home normally evokes a very specific image. Gregorc/vrhovec arhitekti very intentionally broke with this preconception with their HOUSE CELOVŠKA 01, creating a 7 […]

According to United Nations, the present world population of 7.6 billion is expected to reach 9.8 billion by 2050, and 68% of that population will live in the cities. The reports further state that challenges like overcrowding, climate change, and paucity of space will also start affecting the cities more and more as we reach […]

The inviting, warm brick façade makes it clear that De Leyhoeve is a place to feel good. Architect Hans Marquart of Marquart Architecten talks about innovative solutions for the future, sustainable design and maximum living comfort in old age. Our society is getting older. We need innovative ideas for living together and new forms of […]

I was watching #HBO’s miniseries #Chernobyl, on the world’s worst man-made disaster of all time…the melt down of the Chernobyl nuclear power plant and the series’ creators beautifully highlighted the perils of employing cheap technology to save cost… It got me thinking seriously on how, in any industry, not just nuclear power plants, but across […]

Architecture

Innovation Archives – Go Smart Bricks

maximios April 22, 2020

Today the world is cursed with rising real estate cost and repressive mortgages – Amid this, people can only dream of building their own home. However, “Where There’s A Will There’s A Way” – British farmer Michael Buck is an exception and of course an inspiring example of how anyone can build their own home […]

Netflix has one of the largest internet repositories for enticing movies and shows. This one platform has the power to keep us glued to our computer or mobile screens for hours. For many of us this platform might be one perfect outlet to relax with family and friends, or to impulsively binge on television while […]

Ever heard of a Cob House? No, these aren’t new, instead, they have been the way in which a lot of civilizations used to build their homes 100’s of years ago and even today. Really, you can see them in Mexico, New Zealand, Australia, Europe and all over the world. Some of them are a […]

Namaste! The typical Indian way of greeting, where we clasp our hands together to greet someone. This is exactly the inspiration behind this 316 m (1,037 ft) tall skyscraper in Lower Parel, Mumbai – ‘Namaste Tower’. Building on this here are 7 interesting things about this gargantuan skyscraper. Namaste Tower In Mumbai – 7 Interesting […]

Your choice of window when building a new home in most of the cases is a very upfront decision. You want something that is aesthetically pleasing with features that match your other home design elements. With increasing importance of natural light in architecture, we want windows that let a lot of light in and at […]

Skyscraper building, for a layman – Very tall, multistoried building. An elaborative definition could be a livable high-rise building which has over 40 floors and is taller than approximately 492 ft. This name first came into use during the 1880s, soon after the first skyscrapers were built, in the United States. Rising out of frames […]

What provides the very essence of what we call ‘Shelter’ – it’s the ‘Roof’. A roof is one of the most useful features of any home. But can a roof be an exciting architectural feature for the building structure? Well, only because it serves this important purpose it doesn’t mean it cannot be an exciting […]

Across the globe, in almost all countries and cities, architectural structures which turn into prominent landmarks and gain popularity are the ones which are either – Tall, Long, or Big. It’s a common thing for people to get attracted to such structures, in fact, it is a new trend in the architecture industry to create […]

Architecture

RERA ACT – What It Means For The Real Estate Builders? – Go Smart Bricks

maximios April 22, 2020

The Real Estate (Regulation and Development) Act, also known as the RERA act was enacted by the Government of India on 26th March 2016, with its provisions coming to effect on 1st May 2016. This act was passed as a guard to protect of home buyers and also as a boost to the real estate sector. All developers have been given until the end of the July to register their projects under the RERA act. As passed by the Parliament of India, the central and state governments have to notify their own rules based on the frames made by the Central Government.

Why did RERA act happen?

RERA act was established as a balancing step for the home buyers. For long it was said that the real estate transactions leaning heavily in favor of the developers. Thus, RERA act and the government claim to create a more leveled and equal market for the consumers and sellers, especially in the primary market. It is expected that RERA act will make real estate business more lucid and transparent, bringing in more accountability and simplicity gave that state does not dilute the provisions given by the Central Government.

RERA act will act as a regulator, and it will be made compulsory for all states and union territories to form their own rules according to the act policies and function according to that.

Establishment of regulatory authority

The RERA act came as a regulator and policymaker in the real estate market, one whose presence was long needed. It has been established in each of the states and union territories and some of its functions include creating a robust grievance system, protecting interests of buyers and stakeholders as well as accumulating data at a repository. For the quick application of the act, the authority has been mandated to execute it in maximum 60 days and will only be extended if a reason is recorded.

Compulsory registration

Compulsory registration has been made mandatory for all real estate projects (where total area exceeds 500 sq meters or more than 8 apartments have to be constructed) in their respective state’s RERA. Existing projects that fall into this category, and whose completion or occupancy certificate has not been issued are also to be registered in this. While applying all the detail of the project, i.e. Land details, promoter details, approvals, and the schedule has to be given. The project can only be marketed when the registrations and approvals are verified.

Reserve account

One of the major problems was the delay of the competition of the project as the fund of one project was directed in a new project. Hence to prevent such diversions the promoter was required to save 70% of the funds of one project in a separate bank account and the fund of that is to be used only for that project construction. This was also required to be certified by someone authorized to do that.

Regular updates by promoters

The RERA act takes the project online where the buyers will be regularly able to monitor the status of the completion of the project. The promoters were not only required to register it but also have to regularly make submissions regarding the progress of the project.

Standardization of sale agreement

The RERA act took the role of the unbiased middleman by prescribing standard model agreement to be entered between promoters and home buyers. Typically any clause entered by the promoter against the home buyers could attract a penalty but that same clause caused minimal or no penalty on the side of the promoter. The introduction of RERA clauses will give more balanced agreements for the home buyers in future.

Penalty

To make sure that the Act is enforced and not taken lightly, fine up to 10% of the project cost and imprisonment has been prescribed against the violators.

Source

Impact of RERA on real estate industry

With the introduction of RERA act, specialized forums and bodies like State Real Estate Regulatory Authority and Real Estate Appellate Tribunal was established to settle the dispute between home buyers and promoters. There will be no need to turn heads to civil courts or consumer forums on such matters. With RERA setting the ground fast dispute resolution steps, it’s only a matter of time till the success of the project becomes transparent.

Authored by a Building Expert from Wienerberger India

For an expert advice, drop a word at our email id [email protected]

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