Bungalow Exterior - Where Beauty Gets A New Definition

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Today’s Archidose

An architectural style is characterized by the features that make a building or other structure notable and historically identifiable. A style may include such elements as form, method of construction, building materials, and regional character. Most architecture can be classified as a chronology of styles which changes over time reflecting changing fashions, beliefs and religions, or the emergence of new ideas, technology, or materials which make new styles possible.
Styles often spread to other places, so that the style at its source continues to develop in new ways while other countries follow with their own twist.

3D Power has gathered some photos of the Basque Culinary Center in San Sebastián, Spain, by VAUMM (2015), photographed by Ximo Michavila. These photos depict the same style and fashion we’ve mentioned above. Have a glance at it!

Can housing sector lead India back to double digit growth?

Over the years 3D Power has noticed that India has an uphill task as it begins to revive from a decade low growth rate of 5% in 2013. In its journey of re-stimulation, the housing sector is set to play a pivotal role. For one, housing shortage of almost 63 million units presents both a critical stress and an opportunity. The demand for houses is expected to increase by another 26.3 million units in the next 3 years due to population growth at the current rate of growth. These statistics mandate public-private partnerships; providing incentives to form such alliances will provide an impetus. The housing sector also has a positive impact on allied industries. As per  LIC Housing Finance  Limited (LICHFL), 78% of the sum spent on construction of a housing unit in India gets added back directly to the India's GDP. Thus industries such as building material suppliers, cement, steel, sand, timber, architectural and interior design, and financing institutions also benefit. Additionally, CREDAI says currently the real estate sector employs nearly 7.6 million people. Given the total existing demand, the number of employees could increase to about 17 million by 2025. Creating projects will also increase the rate of urbanization which currently stands at 31%, lower than any other developing nation. 

The housing sector needs large volumes of funding and infrastructure development to achieve its social and economic objectives. According to the Department of Industrial Policy & Promotion (DIPP), funds committed to the construction development sector contributed 11.1% share of the total FDI inflow in 2008. This share dropped to 4% in 2012. Risk perception, timeline delays and lack of clarity of exit routes have shaken investor’s confidence. Easing the minimum 3 year lock in period, reducing minimum capitalization threshold as well as the minimum built up area of 500000 square feet to 100000 square feet must be considered. The government must fast track certain pending and disputed policy measures. The need of the hour is to recognize challenges and take measures to mitigate them. Long standing demands such as single window clearance, raising FSI (floor space index) cap and recognizing housing as “infrastructure or core sector” must be met. Bank credit must be made available to both developers and consumers so that transaction activity receives a significant push; currently bank credit deployment to the construction sector is just 2.3% compared to the total industry and majority people have no access to formal credit. 

According to the Economic Survey of India, the real estate industry contributed 5.9% of the country’s GDP in 2012-2013. In the US, housing services contribute 15.5% of the GDP, more than 2.6 times India's contribution, even when its housing needs are substantially satisfied. Therefore for a housing deficit nation like India, the GDP contribution from housing should be multifold. Growth can be multiplied if the housing shortage is met; but in order to meet the potential of the sector, government policies, infrastructure and the correlation between GDP and real estate activity must play necessary roles.

India needs 3D-printing construction technology right now!

It takes six months on average to build a house in the US. In India, where brick and cement are favored over wood, build times are usually double that, if not more. Meanwhile, a Chinese construction company assembled a 3D-printed house in just three hours.

In India, constructing a house over months at a time means extended periods of noise and dust pollution, unsafe working conditions and the high costs of keeping contractors, security staff and labourers on duty.
By employing 3D-printing to pre-fabricate homes, these issues can be tackled in one fell swoop. Zhouda Group, the Chinese firm behind the three-hour construction miracle, says that 90 percent of the house it assembled in front of a live audience was built in a factory, complete with interiors, wiring, plumbing and sanitary ware.

In addition, this method could also reduce India’s reliance on migrant labour from rural areas. Workers are often underpaid (a 2012 study found that men were paid less than $4 a day, while women earned less than half that), pressured to press their children into service and forced to work in unsafe environments.

And of course, once construction is complete, they are left out in the cold and at the mercy of labour contractors to find their next project.

Entrepreneurs working on “Uber for X” is wonderful and all, but this is the sort of tech India needs to invest in next.