Professional Documents
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Construction Philosophy Magazine May 2021
Construction Philosophy Magazine May 2021
Construction Philosophy Magazine May 2021
Graphene-enhanced
concrete is here
Sany launches 4 new
truck cranes
Dynapac unveils
new gen pavers
INTERVIEW
INNOVATIONS,
TECHNOLOGY
CREATE QUALITY
TATA HOUSING
LIFE SPACES
Sanjay Dutt
Managing Director and CEO
Tata Realty and Infrastructure Ltd.
High strength cement !
Crack-free concrete !
www.Lntecc.com
Complex problems,
complete solutions
400kV Ibri-Izki Transmission Line, Oman 181 MLD Water Treatment Plant for Command & Control Centre, Prayagraj
Vellore, Tamil Nadu
L&T Construction
Mount Poonamallee Road, Manapakkam, P.B.No. 979, Chennai - 600 089, INDIA
E-mail: info@Lntecc.com Tel: +91 44 2252 6000, 2252 8000 A brand of Larsen & Toubro Limited
Regd. Office: Larsen & Toubro Limited, L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001, INDIA CIN: L99999MH1946PLC004768
Construction Philosophy | May 2021 | 3
May 2021
COVER STORY 14
DELIVERING LIFE
SPACES OF QUALITY
Tata Realty has been providing quality life spaces through continuous
innovation and investment in the latest in green technology, says Tata
Realty and Infrastructure Ltd. Managing Director and CEO Sanjay Dutt. tt.
The pandemic has not hurt the company because it had long ago taken n
the decision to accelerate construction and deliver its products fast,
Mr. Dutt tells C. Gouridasan Nair, Consultant Editor, CP.
30 25
Graphene-enhanced
concrete
The University of Manchester and
Nationwide Engineering, a construction
²UPOHGE\XQLYHUVLW\DOXPQLKDYH
developed graphene-enhanced
concrete which holds the potential to
revolutionize the concrete industry.
ESCI launches
AICTE-recognized
48 PG courses
Engineering Staff College
*
Responsible for publication of material under PRB Act.
VQUGNNƃCVUQPN[QPECTRGVCTGC
He said the new regulations have
been made by the authority to
ensure sale of plot, apartment, or
CHANDIGARH: The Haryana Real cuted only on carpet area basis. Sale building, as the case may be, or sale
Estate Regulatory Authority has stip- of super area or any other basis will vÀi>iÃÌ>Ìi«ÀiVÌ]>ivwViÌ
ulated that an apartment or a build- be illegal, he said. and transparent manner and to pro-
ing in any real estate project can be /
i`iwÌvÃÕ«iÀ>Ài>>ëÀ- tect the interest of consumers in the
sold only based on carpet area and vided in various builder-buyer agree- real estate sector. Before the Real Es-
warned builders and developers of ments is vague, with sharp variations tate (Regulation and Development)
penal action if there is any violation Ì
i`iwÌð/
i«À«iÀÌÞ Act of 2016 came into existence,
of the norm. The measure is to check real estate projects is not properly there was lack of a legal description
sale on super area basis, according described and there is no break-up for the term 'carpet area'. The new
to Haryana RERA Chairman K.K. of the components included in the Ài}Õ>Ì
>ëÀÛ`i`ëiVwV>`
Khandelwal. super area. The practice of sale of VVÀiÌi`iwÌvV>À«iÌ>Ài>]Ài-
Henceforth, all conveyance deeds, the real estate on super area basis is moving all the vagueness and uncer-
regardless of whether they are of misleading, ambiguous, opaque, and tainty that marked such transactions
apartments or buildings, will be exe- gives rise to confusion and complex- so far, he added. NHAI Toll Plaza
There was a sharp 56% fall in solar utility-scale solar installations. Solar. There were also several new
installations during 2020, from 7.3 Cumulative rooftop solar installa- mounting structure companies in the
GW during 2019 to 3.2 GW. tions in India reached 5 GW at the top 10 list.
Despite this shortfall, of the total end of 2020. A total of 719 MW of Recently, the Directorate General
new power capacity added in India rooftop solar projects were installed of Trade Remedies (DGTR) had rec-
in 2020, 48% was from solar. The during the year, a decline of 35% ommended imposition of anti-dump-
massive fall in solar capacity addition due to the pandemic. ing duty on aluminum-and-zinc-coat-
is attributed to the Covid 19 out- The top ten rooftop solar installers i`y>Ì«À`ÕVÌÃvÀ
>]
break, which disrupted supply chain represented 66% of the market in Vietnam, and North Korea to protect
globally. 2020. Tata Power Solar was the top the domestic industry.
According to a report released by rooftop installer, followed by Fourth In 2020, open-access installations
Mercom India Research, the cumula- Partner Energy. in India saw a 56% increase 2020
tive installed solar capacity in India Sungrow was the top solar central due to the increasing interest from
was 38.9 GW at the end of Q4 2020, inverter supplier in the country in corporates buying open access
with the large-scale projects account- 2020. Huawei, Sungrow, Growatt, projects. Rays Power Experts, Am-
ing for 87% (33.8 GW). Goodwe, and Solis were the other plus Solar, and CleanMax were the
Large-scale solar installations leading string inverter suppliers. Top top open access developers as of
accounted for 78% of the additions ten module suppliers, including sev- December 2020.
at 2.5 GW during 2020. According eral Indian manufacturers, accounted In 2020, Solabot Technologies was
to the report, the top ten large-scale for 68% of the market share. LONGi the top supplier of robotic cleaning
project developers accounted for Solar was the top module supplier, systems in India. Robotic cleaning
69% of the installations in 2020. followed by Jinko Solar in terms of of solar panels is gaining traction in
Adani was the top utility-scale de- shipment. India amid water scarcity. Most of the
veloper in 2020, followed by Azure As of 2020, Arctech Solar and major developers have deployed the
Power. Both developers won the NEXTracker were the top suppliers robotic cleaning systems installed
manufacturing-linked solar tender of solar trackers to the Indian market on large solar parks such as REWA,
y>Ìi`LÞÌ
i->À
iÀ}Þ
À«À>- cumulatively. SNS Corporation was Bhadla, and Pavagada. The MNRE
tion of India (SECI). the top supplier of solar mounting has also recommended using robotic
Sterling & Wilson and Tata Power structures during the year, followed cleaning technology, which uses less
Solar were the top EPC players for by Strolar and Ganges Internationale water for cleaning solar projects.
ICRA, the credit rating agency, has /
iwÀÃ̵Õ>ÀÌiÀvÓäÓ£ÃiÃÌ>Ì- second wave restricting mobility
predicted a 15-20% growth for the ed to have reported a strong equip- and equipment utilisation for a
mining and construction equipment ment demand growth of 45-50%. prolonged period, which in turn
industry during 2021. However, an economy in the grip of could result in an increase in delin-
Although Covid 19 second wave a pandemic could throw up sudden quencies and lender pull-back and
throws up challenges, particularly in negative surprises, it warned. a likely equipment price increase of
the manpower-intensive construction While overall equipment demand 5-10 percent for the emission norm
sector, ICRA expects a better-pre- will be strong during the year, change.
pared ecosystem. demand can be hit by the COVID
*%%ƂPCNKUGUFGDVTGUQNWVKQPRNCP `iÌwi`ÛiÃÌÀÜLiÌi`>`
capped to an agreed threshold,” the
The board of Hindustan Con- Rs 2,136 crore ($295 million), to the company said.
struction Company Ltd (HCC) has arm. Moreover, HCC's corporate
approved a debt resolution plan in The plan approved by the board }Õ>À>ÌiiÌi`iÀÃv*ÀwV
a bid to reduce its debt of over Rs on May 27 will be subject to neces- Resolution will be limited to 20% or
10,000 crore (about $1.38 billion). sary approvals. The investor iden- maximum Rs 800 crore of the debt
Under the plan, HCC will transfer Ìwi`LÞi`iÀÃÜ>VµÕÀix£¯ transferred.
up to Rs 4,000 crore (about $551 stake in the subsidiary for Rs 25 The Mumbai-based engineering
million) worth of liability to subsidiary crore. and construction company has been
*ÀwV,iÃÕÌ*ÛÌÌ`°ÌÜ>Ã “Additionally, the investor will shedding assets over the last two
transfer the ‘economic interest’, that vÕÃi,ÃÇxVÀÀi*ÀwV,iÃ- years. HCC had announced in Febru-
is, awards of up to Rs 2,749 crore lution in the form of priority debt. ary 2020 its plan to reduce debt by
($379 million) and claims of up to The return on this investment to the Rs 2,100 crore ($290 million).
In conversation with
C. Gouridasan Nair,
Consultant Editor, CP.
Mr. Sanjay Dutt: The real estate sector has been going through dramatic
changes over the past 10 years. First of all, the sector is now well-regulated.
Then there is the issue of excessive speculation. When a sector goes through its
cyclical downturn, it gives rise to excessive speculation, which is itself a result
of supply overhang. Again, if you look back, the concentration earlier was too
much on the mid-housing or luxury sector, or what started as an affordable seg-
ment but became luxury by the time the projects were completed, because the
prices kept going up.
7
iÜiÜiÌÌ
ÀÕ}
Ì
iÃiÌÃvÀÌ
iwÀÃÌÌiÌ
i
ÃÌÀÞvÌ
i
real estate sector and my own professional career, the graph began pointing
downward. In fact, both the economy and sector graph were down at the same
time. On the regulation side, our projects are dependent on over 200 permis-
sions. Think of any State or Central agency, be it Fire Department, Police De-
partment, Municipal Corporation, State Electricity Board, we are required to
take permissions from all of them.
The situation was also getting complex with digitization and awareness among
the people about their rights. And all this was happening against the backdrop
of very negative perceptions about the sector, especially the developers. As per
RBI reports, the real estate sector makes a major contribution to the GDP and
this is done through Property Taxes, State taxes, Stamp Duty or Registration
Fees or ESI premiums. Still, everybody has a negative perception of the sector.
I wouldn’t say that is without some reason. But we were all being painted
with the same black brush. So, in short, because of all this, we were already in a
crisis management mode when the pandemic hit. We realised that this is worse
than a normal crisis because it is global in nature. Even today, we are not able
to fathom its magnitude because it's still ongoing. If you don’t get a loan, that
event has ended. But here, the event is ongoing. There is no end to this event.
So, here we were, in a state of uncertainty and volatility!
This happened when we were all looking forward to some consolidation in
the sector. We thought that would bring in greater transparency and corpo-
rate developers and the more disciplined developers will do better. At Tata
affordable.
On taxes again, take the GST on ce-
ment. What is the logic there? You want
to build infrastructure, but you want
to tax the basic ingredient that goes in
heavily. It's a gravity-defying situation.
Why is the Central government not doing
something about it? That beats me. Tax
reforms are critical. Likewise, you should
not tax an inventory, which is stock in
trade, based on a notional rental income.
It has been challenged in the courts and
there are judgments in favour of devel-
opers, but still the government is yet to
look into it.
Second, what harm can one do if you
prioritize? What if real estate is given industry sta- come up with a lot of initiatives, but some very big
tus? There would be a Ministry and there would be buckets are still left unattended.
a Central body and it will become easier. Besides
the obvious advantages, there is another interest- I think if you have a perspective of your own
ing angle which I must share with you. without waiting for your buyer to tell you what
Let's look at loans. Banks say we don't want to they want. I think that is a great thing…
give loans for construction of shopping centres Not only the buyers. I have been saying for last
because they think it is bad business. Well, at least two decades that real estate is all about people,
right now it is, but not always. Again, even if I am people, and people. Because real estate is pur-
a reputed developer, AAA rated, with the ability pose built, and the purpose is intrinsically linked
to pay, I must pay the same interest, regardless of to people. Take a shopping centre for instance,
whether I take 50% or 70% of the loan sanctioned the purpose of the people is different, home is dif-
to me. If I take less than the loan to value, wouldn't viÀiÌ]vwViÃ`vviÀiÌ]Ü>Ài
ÕÃ}Ã`vviÀiÌ°
the risk be low? Suppose you are buying an apart- But in the end, it is all about people.
ment having a price tag of Rs.2 crore. You take only On a larger note, real estate was once all about
Rs. 1 crore loan. Shouldn’t the bank reduce the risk guts. You could sell whatever you built. Now real
weighted on you? Your CIBIL score and your risk estate development is all about research, analysis,
of taking less than half the loan on the property and demand-supply dynamics. Real estate is no
should give you much more attractive rates. That longer a guts-based business, which was once the
is not the case now. Why shouldn't my risk be low case, which was the reason why we suffered. You
if I am taking a lesser loan? So, there are some know, the sector was known for its herd mentality.
very obvious questions that the RBI, Ministry of Ek jo banayega, baki sub banana shuru karenge.
Finance, Ministry of Commerce, and the Ministry They will not understand what the market actually
of Housing should look into. The government has requires. That’s no longer the case today.
CSE announces
training programme
on GIS and Remote
Sensing
The Centre for Science and Environment an- >Ü>>}iÀÃ>`Ài}Õ>ÌÀÃÛiivwViÌÞ
ÕVi`>ivyiÌÀ>}«À}À>i from traditional planning and design techniques
Geographic Information System (GIS) and Remote to smart, cost effective and sustainable water and
Sensing to equip practitioners, managers and regu- sanitation solutions.
lators with state-of-art tools and techniques required
for water sensitive urban design and planning. Its key objectives are as follows:
CSE had prepared a practitioner’s guide on • Build skills to use GIS and RS in sustainable
‘Green Infrastructure and Water Sensitive Urban water management in city/region.
Design & Planning’ for the Ministry of Urban • Enhance understanding on various data portals:
Development (now called Ministry of Housing USGS Earth Explorer, Bhuvan, OpenStreetMap,
and Urban Affairs), Government of India, as a key Toposheets, etc.
reform agenda in sustainable water management • Prepare maps and perform analysis using
area within the existing urban fabric of a city/re- open-source GIS packages for designing and
gion or new development. implementing green infrastructure for improved
Green infrastructure contributes to water water security in city/region.
security as one of the solutions to overcome the Part A of the course would be online from June
emerging water management issues such as sus- ÓÎÌÕÞ>`*>ÀÌ ÜÕ`Li
i`vyi
tainability water supply, moderation of extreme from July 28 to 30. The course will be run on
y`iÛiÌÃ]Ài}Õ>ÌvÜ>ÌiÀµÕ>ÌÞÌ
ÀÕ}
open-source GIS package, Quantum-GIS (Q-GIS).
treatment of wastewater and local reuse. Language of Instruction will be English.
Recently, CSE had published a web based - The minimum system requirements are as
‘Compendium of Green Infrastructure Network follows: Hard Disk Space: 5GB for installation, and
Systems: C-GINs’ as a repository bringing to- 10GB for data and other GIS Files; RAM: 2GB;
gether policy, programmes and plan approaches Operating System: Windows 7 and above, Mac,
and successfully successful implementation case Linux; Graphic Card: 512MB/1GB; CPU-Processor:
studies from within and outside India to help Core-i3, 2.7 GHz
practitioners learn water management issues in a The training coordinator is Dhruv Pasricha,
comprehensive manner. The proposed course is a *À}À>i"vwViÀ
follow up on this. Centre for Science and Environment, New
This tailor-made training on Geographic Infor- Delhi, India, Tel: +91-11-40616000, 29955124,
mation System (GIS) and Remote Sensing (RS) will 299956110 ext. 322; Mob. +91 8527447891
go long way in supporting practitioners as well as Email: dhruv.pasricha@cseindia.org
GAME-CHANGING
GRAPHENE-ENHANCED
CONCRETE IS HERE
Graphene-enhanced concrete which holds the potential to Government Crown commercial building frameworks. With
revolutionize the concrete industry and its impact on the en- Network Rail committing to an 11% reduction in CO2 emis-
vironment is here. sions over the next four years, graphene-enhanced concrete
A joint venture between graphene specialists at The Uni- Ã
ÜÃÃ}wV>Ì«ÌiÌ>Ì
i«iiÌÌ
ÃÌ>À}iÌ°
versity of Manchester and Nationwide Engineering, a con- While there is still a long distance to travel between a low-
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new concrete, which can remove 30% of material and all steel speed rail, a 30% reduction in material across a range of en-
reinforcement. }iiÀ}>««V>ÌÃÜÕ`>i>Ã}wV>Ì`vviÀiViÌ
/
i Ìi> >` Ì
i yÀ Ã>L v > iÜ }Þ ƂiÃLÕÀÞ] environmental impact and costs in the construction industry.
Wiltshire, with the graphene-enhanced concrete, which has If rolled out across the global building industry supply chain,
LiiV
ÀÃÌii`¼
VÀiÌii½°i«i`}Ì
iÃâiv- the technology has the potential to shave 2% off worldwide
ward projects, Nationwide Engineering estimates a 10-20% emissions.
saving to its customers if they use Concretene. How does graphene-enhanced concrete work?
Production of cement for concrete in the building industry is Liquid concrete sets into its solid form through chemical
one of the leading causes of global carbon dioxide emissions. reactions known as hydration and gelation, where the water
If concrete were a country, it would be the third largest emitter and cement in the mixture react to form a paste that dries and
in the world behind only China and the US, producing around hardens over time. Graphene makes a difference by acting as
8% of global CO2 emissions. a mechanical support and as a catalyst surface for the initial
/
i>``ÌvÌÞ>ÕÌÃv}À>«
iip>ÃV>i`¼Ó hydration reaction, leading to better bonding at microscopic
material’ made of a single layer of carbon atoms — strength- ÃV>i>`}Û}Ì
iwÃ
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ens Concretene by around 30% compared to standard RC30 rability and corrosion resistance.
VVÀiÌi] i>} Ã}wV>ÌÞ iÃà µÕ>ÌÌÞ v VVÀiÌi à Crucially, Concretene can be used just like standard con-
needed to achieve the equivalent structural performance. crete, meaning no new equipment or training is needed in the
What could this mean for the building industry? batching or laying process, and cost-savings can be passed
>ÌÜ`i
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struction frameworks with Network Rail and two seven-year
ÕÀÌiÃÞ\-V/
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Glass Coat
from Swish
Coatings
For magical shades
and total privacy
A f
fter introducing
i d i R
Rooff Shield
Shi ld and
d Roof
R f Cool-
018 meant for Roofs and Walls, Swish
Coatings has now launched another innovative
C l
• Retards transfer of heat and thus reduces heat
gain in summer and heat loss in winter in the
rooms/cabins/showrooms.
product, Glass Coat, to protect plain glass panels
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of windows and partitions exposed to sunlight.
• Glass Coat can be applied on all types of plain
With a single coat of Glass Coat, the glass panels
glasses
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• It has high waterproof properties
acoustic insulative and water repellent.
• Glass Coat bonds well with plain glass
Swish Coatings' Glass Coat is the answer to many • It has high UV resistance values
troubling issues that stickers normally used to • It is long lasting
reduce heat inside cabins or showrooms throw • Glass Coat is easy to apply. Can be applied with
up. Apart from the stickers peeling off, common a spray gun
stickers leave the interiors of cabins transparent • A 2-kg pack can cover about 200 sq.ft.
when lights are switched on. Worse, persons • Glass panels can be re-coated with Glass Coat as
sitting inside cannot see the persons standing on and when required
the other side of the panels. • Glass Coat is most economical.
Modern infrastructural facilities and land availabil- The region had registered 79% of half yearly leas-
ity at affordable rates would make this an attractive ing during Q1 of 2020. The IT-BPM sector accounted
investment destination, both in the medium and for 81% of the major leasing in the region, followed
long terms. “Cities are engines of growth. They also LÞ yiÝLi ÜÀë>Vi «iÀ>ÌÀà Ü
Ì > £x¯
go through internal transformation that creates op- share. Pune saw 3.49 million square feet new sup-
portunities for investors and occupiers,” notes Sub- ply during 2020. City-wide rental values remained
hankar Mitra, Managing Director, Advisory Services consistent during 2020 and is unlikely to fall going
`>®>Ì
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ing to Pimpri-Chinchwad. gradual. For the period 2019-2024, city-wide rental
values are likely to rise only marginally at a CAGR of ufacturing industries in the region, developers are
0.6%, the study says. iÝ«iVÌ}VÌÕÕÃ>««ÀiV>ÌÀiÌ>Û>Õið
Colliers also does not see vacancy rates rising in ÜiÛiÀ]Ì
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the likely delay in supply of the new development in tions might be required for the intended use. Com-
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due to limited availability of land for development as an ancillary support to the IT-BPM sector. Current
and uplifting infrastructure, locations like Pimpri, Rentals are at par with “Sub-Dollar Strategy” as pre-
Wagholi and its nearby areas with supply of land ferred by most of the IT companies across the world
parcels and low prices are gaining importance. ÌV>ÌiÌ
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Like in case of Mumbai, industrial hubs are now The Municipal Corporation of Pimpri-Chinchwad
getting converted to IT parks and commercial parks
>Ã Ã
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(MIDC Andheri, Mahape, etc.) due to shortage Pimpri Railway Station, which should trigger devel-
of supply in the suburban areas of the city. Similar «iÌ v LÕ̵Õi vwVià V>ÌiÀ} Ì `i>`Ã
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micro market. Currently, the Pimpri micro-market is cro-market. This demand is likely to inclined more
dominated by residential developments and overall ÌÌ
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about 2.43%. The micro-market has out-performed strata basis.
the other nodal areas in the Pune city. Currently, there is about 1.1 million sq. ft of or-
Pimpri-Chinchwad Node now has a commercial ganized retail development in the micro-market.
stock of about 2 million, which is majorly a rental There are upcoming retail developments in the
driven market. The largest commercial development Hinjewadi/ Wakad areas, the most prominent
is ICC Devi Gaurav Tech Park, which is about 0.86 >}Ì
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towards leasing rather than purchase. can also help accelerate the commercial develop-
Given the presence of emerging IT-ITES and man- ment of the region, Colliers says.
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According to Union Minister for Chemicals and The project will streamline the urban transporta-
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mated to cost Rs 14,788 crore, will be completed in intensive developments, increase in the number of
wÛiÞi>ÀÃvÀÌ
i`>ÌivÃ>VÌ° private vehicles and heavy construction in the city
ƂÃÌ>ÌiiÌLÞÌ
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À>Ì Ìi` ,
® Ã>`] º/
i «ÀiVÌ ÛÛià activities and provide the people a safe, secure, reli-
integration with other urban transport systems in an able and comfortable public transport.
Britan is gearing up to sign Sovereign Investment Partnership As the Gulf moves forward with
multi-billion pounds deals with the (SIP). The deals would serve as a its ambitious green energy pro-
United Arab Emirates (UAE) cov- coordinated investment framework grammes, Britain is set to play a
ering clean energy and different to nurture future-focused rela- major role in the region’s decar-
tech segments. The deals could be tionship between the two nations, bonisation vision. The Gulf region
signed as early as this summer. driving economic recovery, jobs overall is aiming to slash annual
The agreements would in a way and growth. As of 2019, UK-UAE water use by 16%, save 400 mil-
mark reciprocation of the com- trade and investment ties stood at lion barrels of oil, create close to
mitment made by the Abu Dha- £32 billion. 210,000 jobs and reduce its per
bi-owned Mubadala Investment Mubadala has been a long- capita carbon footprint by 8% by
Company to invest around £800 standing partner to the UK for 2030.
million in British life sciences over many years with its clean growth The Middle East is Britain’s
the next five years. Among the subsidiary Masdar, which has third-largest export market outside
deals would be a £1 billion tech several clean energy investments the EU, after the US and China.
deal, possibly in the fintech sector. in Britain. It has also invested £35 Total trade in goods and services
The deals will be spearhead- million in Britain’s electronic vehi- between the UK and the bloc to-
ed by the newly formed UAE-UK cle charging infrastructure fund. talled £44.5 billion in 2019.
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designed to help eligible borrowers,
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save between $1,200 and $3,000
a year on their mortgage payment.
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borrowers must have a Fannie Mae or generally good standing - with no option could save borrowers an av-
Freddie Mac backed loan, for a sin- missed repayments in the past six erage of $100 to $250 a month. The
gle- family home that they reside in. months and no more than one missed iÜÀiw>Vi«ÌÜLi>Û>>Li
Their income must be at or below payment in the past 12 months. to eligible borrowers beginning this
80% of the median income for their FHFA, which oversees Fannie and summer.
area and their loan needs to be in Ài``i]iÃÌ>ÌiÃÌ
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VNH\ in three years. CHEC will the right to
highway contract run the highway for 15 years before
transferring ownership back to Sri
China Harbour Engineering Com- award the contract to build a 17-kilo- >>°"vwV>ÃÛÛi`ÜÌ
vi>ÃL-
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iwÀÃÌvÀ- metre (10.5-mile), four-lane highway ity studies on the project said it could
eign owner of a Sri Lankan highway. in the capital Colombo to CHEC. cost up to US$1 billion to build.
The Sri Lanka Cabinet has decided to The highway is to be constructed The Sri Lankan Cabinet decision
came a week after the government
conferred tax-free status to the
Chinese-built Colombo Port City, the
largest single foreign investment in
Sri Lanka.
Sri Lanka last year scrapped a
$1.5-billion, Japanese-funded light
rail project, saying it was not a
‘cost-effective solution’ for congested
Colombo. In March, the government
had offered a strategically located
deep-sea port to India and Japan, a
month after abruptly pulling out of
an earlier agreement with Delhi and
Tokyo to jointly develop another ter-
minal next to a Chinese-run container
jetty.
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left empty by the pandemic will be
transformed into at least 1,500 new
homes by the end of the decade,
the City of London Corporation has
announced.
The announcement came as many
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remote work during the pandemic,
leaving prime real estate vacant. The
Property sales are on the upswing on foreign buyers and investors with Corporation plans to work with the
in Singapore despite the City State multiple homes, or increasing the property industry to refurbish and
posting its worst recession during the proportion of down-payments. It can develop deserted buildings.
Covid-19 pandemic and Government also increase land supply through Alistair Moss, Corporation's head of
warning about the overheated hous- tenders. planning and transportation, the city,
ing market. Private home prices fell 11.6% from home to some of the world's major
People have been on a buying a 2013 peak over a span of 15 quar- LÕiV
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spree taking advantage of low inter- ters after the government took steps prove resilient” and “work even more
iÃÌÀ>ÌiÃ]Vw`iVi«À«iÀÌÞ¿Ã to curb a housing market boom as closely with the property sector to pro-
long-term safety and a fear of missing Singapore emerged from the global ÌiVÀi>Ã}ÞÃÕÃÌ>>Li]yiÝLi
out on the favourable market situa- w>V>VÀÃð and adaptable buildings that people
tion before the Government steps in. The government last tightened will thrive in".
House prices rose has been rising curbs in 2018 after prices rose about In a new report, titled "The Square
>`ÌÀÃiVi>}>Ì
iwÀÃÌ 9% over a year and analysts expect Mile: Future City", the Corporation
quarter of 2021, with the private it to act again as the city-state's eco- `iÌwi`«ÀÀÌiÃvÀÌ
iiÝÌwÛi
home market up 3.3%, its steepest nomic recovery from the pandemic is years after consulting the public and
rise in nearly three years. uneven and near-term wage growth captains of industry.
Authorities in Singapore, where real remains muted. It was produced by the city’s Recovery
estate is a safe haven investment for /Ì>ÌÀ>Ã>VÌÃÌ
iwÀÃ̵Õ>ÀÌiÀ Taskforce, which was formed in response
wealthy foreigners, keep close tabs nearly doubled from a year ago, ÌÌ
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on property prices to ensure housing touching their highest in at least two sive, innovative and sustainable vision
remains affordable for locals and stays years. Property in land-scarce Singa- vÀÌ
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iiÝÌwÛiÞi>Àð
in step with economic fundamentals. pore has long attracted the super-rich In February, the city put cultur-
They began advising prudence late from around Asia, with political un- al regeneration at the centre of its
last year given the risk of rising inter- certainty in rival Hong Kong helping post-pandemic recovery plan by com-
est rates. However, the buyers are in boost that appeal. And even if prices mitting to an upgrade of its landmark
no mood to relent and this has been fall in the near-term from recent Barbican Centre for the arts. Further
further driving up sales.
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iÞÜ funding for the London Symphony
Government tools to cool the not stay low forever. Orchestra and the City's Culture Mile
market include boosting stamp duties project was also granted.
The booming home sales in vaccine distribution accelerating and during the pandemic, are expected to
Canada is set to ease in 2022, but the economy recovering quicker than fall, the agency said.
will remain at an elevated level both expected, some of the drivers of the The higher demand for single-fam-
in terms of prices and number of frenzy may begin to unwind. ily homes brought on by intermittent
transactions, according to the Canada “Economic conditions are expected lockdowns, meanwhile, will cause
Mortgage & Housing Corp. to return to pre-pandemic levels by developers and construction compa-
The number of homes to change the end of 2023, if broad immunity nies to shift in that direction, CMHC
hands could climb as high as 602,300 to Covid-19 takes hold by the end predicted. Renewed immigration will
this year from about 550,000 sales of 2021,” Bob Dugan, CMHC’s chief bring demand for rental accommo-
seen last year, according to a report economist, said in a statement includ- dation back to cities that have seen
released by the agency. That could ed in the report. “This includes the vacancies rise and rents fall.
push the average price for a home in pace of home sales and prices, which Ƃ`Ì
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Canada as high as C$649,400 (about we expect to see moderate from CMHC predicts the number of homes
$533,000), a 14% rise from last year. 2020 highs over the same period.” sold across Canada in 2022 and 2023
Low interest rates, combined with With faster economic growth, will be less than this year, though still
a demand for more space to ride CMHC predicts Canada’s standard more than the number sold in 2019.
out the pandemic, have pushed the wÛiÞi>ÀÀÌ}>}iÀ>ÌiÜÀÃi] Prices are also expected to keep on
Canadian housing market to extraor- though it will likely stay at very low rising, with the average price going
dinary heights over the past year, levels by historical standards. Unusu- as high as C$704,900 by the end of
with annual price gains of more than ally high savings rates, driven by peo- 2023, the CMHC report said.
30% seen in some communities. With ple having less opportunity to spend
make it to where no woman before them had in which she passed her 12th grade, the Goa Engi
reached thanks to the landmark amendments neering College started a degree course in mining
to the Mines Act 1952, made in 2019, making engineering, association with Vedanta. She was one
women eligible to work both above and below of the three girls to be picked by Vedanta on com
the ground in any mine if they have required cer pletion of her course.
ÌwV>Ìð Yogeshwari joined Vedanta as a graduate engi
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the Second Class and Yogeswari a First Class cast mines in Goa in different departments – plan
ià >>}iÀ ViÀÌwV>Ìi° /ÜiÌÞ /
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old Sandhya has the pedigree as her father was When mining was banned in Goa, she was trans
a mining engineer at the Singareni Coal Mines in viÀÀi` Ì `ÕÃÌ> <V Ìi` >`] vÀ Ì
i wÀÃÌ
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Ì time, left Goa to work in an underground mine. She
up in Goa, too grew up around mines, but with moved to the Rampur Agucha Mines in Rajasthan
no direct link. and currently works at the Kayad Mines in the State.
She enrolled as a student at the Kothagudem `ÕÃÌ><V
iv
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School of Mines after her 12th grade, one of a has been quoted as saying, “It has been a revolu
few girls to join the second mining engineering Ì>ÀÞ`iVÃÌ>ÜÜi}°/
ÃÃ
batch at the school. While others chose to move an opportunity for us and the women mining engi
on, she literally dug her heels in. Hindustan Zinc neers out there to bring about a societal change. At
Limited picked her through campus placement Hindustan Zinc, we have embraced this and have
in 2018. given an equal platform for our women engineers in
9}iÃ
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iÞi>À our mining operations”.
GREEN
BUILDING
CONSTRUCTION
The way should it should be done
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AN OVERVIEW’
ON JUNE 26
CHENNAI: Indian Concrete Institute (ICI), Chen- 2021-22. The meeting link and ID is being sent to all
nai Centre, is planning a webinar on June 26 on the members and special guests.
theme "Corrosion Prevention in RC Structures: An Queries may be directed to: Ms. Ramya Laksh-
Overview". manan, Manager (ICI-CC), BSB 205, Department
The webinar will take place from 3 p.m. to 5 p.m. of Civil Engineering, Indian Institute of Technology
and will be followed by the Annual General Body Madras (IITM), Chennai, TN 600 036, India; Phone:
Meeting (AGM) of the ICI Chennai Centre. +91 44 2257 5255. E-Mail ID: icichennaicentre@
The AGM will discuss the ICI (CC) activities during gmail.com
ÓäÓäÓ£ wÃV> Þi>À >` Ì
i >VÌÛÌià «>i` vÀ
Sany India, a global leader in the CE Industry scenario would take a quantum leap into a
has successfully embraced the Bharat CEV new dimension of utility application and
Stage IV norms and upgraded and launched herald a new era in the industry. To provide
four new truck cranes: STC250C, STC450C, round the clock customer service, Sany India
STC600C, and STC800C. has also set up a toll-free number 1800209337
for all queries related to sales and services.
The new truck cranes have been manufactured
at Sany India’s state-of-the-art manufacturing
plant at Chakan in Pune to boost the
government's ‘Make In India’ programme.
Equipped with the multimode power output
function, Sany’s STC 250C consumes less
power and the use of tipping over early-
warning technology provides stability and
safety during operation. Its maximum load-
lifting capacity is 25 ton at working radius of
3mts and the model has a maximum boom
length of 33.5mts.
Sanjay Saxena, Senior Vice President & Head,
Heavy Equipment Business Unit, Sany Heavy
Industry, India Pvt. Ltd, said, “We are very
proud that, we have successfully launched
4 models of truck cranes in the market
complying with the new emission standards.
Being a market leader, the unveiling of our
new CEV Stage IV truck cranes will boost our
sales and help us sustain our leadership in
the segment.”
Sany STC450C is laced with an adjustable
hydraulic system and intelligent electric
VÌÀ ÃÞÃÌi] Ü
V
LÃÌÃ ÌÃ ivwViVÞ
with low fuel consumption. Its maximum
loading capacity is 45 tons at a working
radius of 3 metres. The model comes with a
maximum boom length of 43.5 metres.
Latest to join the league, STC600C has
a powerful lifting capacity of 60 ton at a
working radius of 3 metres. This model has
a boom length of 45.5 metres, the longest in
its class. Adding additional value, Sany India
has introduced new STC800C with superior
lifting capacity of 80 tons at a working radius
of 3 metres and maximum boom length of
47.5 metres.
Sany India, the leading global manufacturer
of construction equipment in the country, has
carved a niche in the manufacturing space
with its advanced robust products and ease of
serviceability. With these new additions, Sany
India is optimistic that the Indian construction