While stocks and bonds have held their positions as traditional investment, investors are increasingly looking towards the alternative investments real estate, hedge funds, private equity and Exchange Traded Funds (ETFs) to engineer an overall enhanced performance of their portfolios.
Improving construction quality, enhanced market transparency, and availability of suitable options have made the Indian real estate market a definitive asset class to invest, which provides a stable and predictable income yield along with a possibility of capital appreciation. While residential markets in India have already witnessed a rapid bounce, commercial markets have touched a cyclical low and are expected to recover to 4-6 quarters.
The market value of investment grade real estate in India under construction has increased from $69.4 billion at end-2006 to $101.3 billion by end June 2010, which equates to 8.2% f Indias nominal GDP FOR 2009.
The market value of commercial office and retail under construction has remained range-bound during 2006-2010, due to the effect of an increase in construction activity offset by a fall in capital values. However, the contribution of residential segment has amplified due to a confluence of increase in construction activity and rapid recovery of property prices.
A significant portion of this market value is required as costs of construction and development of these real estate assets. The costs have been assessed to be $48.5 billion over a period of 2-3 years.
The market value of commercial (office and retail) real estate under construction is $34.8 billion. Commercial office space under development contributes to 74% of the estimated market value being developed in the commercial sector.
As of 2Q 2010, Tier I cities of Mumbai, NCR-Delhi and Bangalore contribute to 70% of the market value of commercial office space under construction, while Tier 2 cities of Chennai, Pune, Hyderabad and Kolkata contribute to 21% of the pie. Other investment grade developments in Tier 3 cities contribute to a more 9% of the pan-India market value being developed in India today.
However, with infrastructural developments and lover real estate costs, the shared of Tier 3 cities is likely to grow In future. While the Tier I cities contribute to 62% of the commercial retail space under development,27% is supplied by the Tier 2 cities.
Residential sector has been the most resilient in the recent downturn, aided by the high demand for housing in India. While residential property prices slumped in 1H09, their raped recovery in 2H09 and 1H10 was accompanied by a slew of launches across India.
As of 2Q 2010, the market value of residential properties under construction is $66.5 billion, contribution 66% of the value of total real estate under construction in India.
While the premium segment comprises only 4% of the saleable area being developed, it contributes to 24% of market value. While NCR Delhi leads in terms of volume of residential properties being developed, Mumbai contributes a larger share to the market value.
Foreign Direct Investment (FDI) into housing and real estate in India increased steadily from $0.04 billion in 2005-06 to $2.18 billion In 2007-08. Since 2007-08, a total FDI of %7.82 billion has been put into housing and real estate in India. Considering an average construction period of three years for real estate properties, this equates to 7.7% of the market value of investment grade real estate under construction as of 2Q 2010.
Courtesy:-Times Property 02-10-2010
Month: July 2018
Russian Construction Industry Is Set To Resume Growth
Whereas Russias economy is believed to have recovered already from the crisis, the construction industry is set to resume growth in the upcoming months, which is evidenced by the growing value of construction contracts signed. While the residential and non-residential markets remain subdued, construction activity in the country is being boosted by infrastructure development. In the short term, projects related to the Sochi Olympics and the Vladivostok APEC Summit are of greatest importance, and in the medium and long term, the construction sector will be fostered by the need to build stadiums, hotels and the necessary transport infrastructure for the 2018 FIFA World Cup.
In order to capitalize on new opportunities driven by the current expansion and upcoming events in Russia, you need direct access to the latest news, sharpest analysis, most reliable statistics and knowledgeable forecasting available. Read Construction sector in Russia H1 2011, Market analysis and development forecasts for 2011-2013 today, and refer to this new report from PMR on a regular basis as you monitor market expansion and contemplate new business strategies.
In depth analysis of all the latest developments in residential, non-residential and civil engineering construction, current assessments of market size, value, prices of equipment and materials, legal conditions, planned contracts and investments can be found within these pages, along with the trend analysis and forecasts essential to success in the coming years. Wide in scope and unique in origin, this document takes readers inside the world of Russian construction for a close up view of the market regardless of their country of origin.
Major market players are brought to life with detailed profiles of the largest and most active participants. Recent contracts, financial status, and strategies for the future are covered. Governmental influence is chronicled in reporting on issues destined to affect the market and the profits and procedures of investors, and contractors who build the apartment buildings, warehouses, roads and railways, stadiums and hotels needed to meet demand.
While preparing Construction sector in Russia H1 2011, Market analysis and development forecasts for 2011-2013, PMRs expert analysts have thoroughly researched all salient aspects of the market, consulted their most reliable sources and created the ultimate guide to both the current status and future progression of this dynamic marketplace. Your copy is just a phone call or an email away!
Do It Yourself Windmill Construction
Windmills are mainly known as alternative power generation tools and, of course, as beautiful garden decoration too. Obviously do it yourself windmills for garden decoration is a relatively easy to be built. However constructing a power generator is more complicated.
The first step is to obtain a do it yourself windmill plan or do it yourself windmill kit. It is highly recommended that you go for option one (windmill plan) simply because it is less costly as compared to later. Of course there is always an option to get all the required parts for the windmill tower and turbine, and just to put them together.
Regardless of your approach at this point you will need to decide if you would like to have wooden windmill or one made of metal. Indeed, aluminum windmills are more expensive but they are also much more durable than the wooden ones.
A very important consideration is how much power your household needs and how much power your windmill will be providing. To determine the amount of power needed simply check your last months utility bills. Once you have a rough idea about it you are ready to choose a windmill of size that will be able to generate the same amount of power. Wind speed and the overall amount of windy days per year are also factors that need to be taken into account for correct power supply estimation. If fact it is wiser to start with these calculations as it may turn out that your windmill will not generate enough power and thus there will be no point in building one.
Another crucial step in do it yourself windmill construction is its location. This depends on the wind patterns in your area. In any case any good windmill construction plan should give advice how to choose the best spot as well as the height of the tower.
Russian Construction Market Resumes Robust Growth
Interested business people can review this statistics, along with expert analysis and forecasts for the period to 2014 in PMRs report, Construction sector in Russia H2 2011, Development forecasts for 2011-2014.
This comprehensive document reveals all the details on market segment values and shares, trends and legal events, and volume of new roadways and residential apartments slated for completion during the forecast period. It also provides analysis of Russian macroeconomic conditions, levels of foreign and domestic investment, and sources of funding related to various government programmes.
Just as we had predicted in the previous edition of the report, the Russian construction industry http://www.constructionrussia.com/ has recently resumed growth, with the value of construction output up by 17.6% in July. Such vibrant growth was last seen more than three years ago during the construction boom. The upcoming months will show whether this positive trend is sustainable. However, another optimistic development has been the long-awaited recovery in residential construction, where a 19% growth was reported in July. Construction activity in the country is also being boosted by infrastructure development, particularly in the area of transport infrastructure.
In order to locate and capitalize on new construction sector opportunities as they arise, you need direct access to the latest news, sharpest analysis, most reliable statistics and knowledgeable forecasting available. Read Construction sector in Russia H2 2011, Development forecasts for 2011-2014 today, and refer to this report from PMR on a regular basis as you monitor market expansion and contemplate new business strategies.
Readers will examine the playing field through detailed profiles of Russias top domestic and foreign construction companies. Theyll learn about their financial standings, potential projects and newly acquired and completed contracts, and projections for the future as well as corporate strategies for the period to 2014. Forecasts for the value of construction and assembly production for this period are also provided for the market as a single unit and for all segments.
This report also analyses trends that will affect market progress, such as prices, salaries, employment levels, levels of foreign and domestic investment, government programmes, cement production and macroeconomic conditions in Russia.
While preparing Construction sector in Russia H2 2011, Development forecasts for 2011-2014 PMRs expert analysts have thoroughly researched all salient aspects of the market, consulted their most reliable sources and created a market guide that answers the questions of readers on all major issues with regard to both the current status and future progression of this dynamic market sector.
For more information on the report please contact:
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e-mail: [emailprotected]
Types of Masonry Construction, Characteristics and Common Uses
Types of Masonry Construction, Characteristics And Common Uses
Virtually, all buildings incorporate some type of masonry construction, whether it is a stone or concrete foundation, brick veneer walls, or terra cotta ornamentation. Preservation of these buildings requires a basic understanding of masonry types and their characteristics, technology and construction methodology, proper maintenance and conservation treatments.
Masonry is generally a highly durable form of construction. However, the quality of material used, together with the quality of the mortar and workmanship can strongly affect the durability of the overall masonry construction. Masonry is commonly used for the walls of buildings, retaining walls and monuments. Brick is the most common type of masonry and may be either load bearing or a veneer. Concrete Masonry Units (CMU’s) are made from concrete and are larger than ordinary bricks. CMU walls can be reinforced by filling the block voids with concrete and steel reinforcing bars. Typically, not all voids are filled, but rather those at corners, wall ends, adjacent to window and door openings, which increase wall strength and stability. Placement of steel reinforcement generally results in a CMU walls having much greater lateral and tensile strength than unreinforced walls.
The earliest material to be used was stone. It can be obtained in two ways: from natural outcroppings or scattered deposits, and by the process of quarrying. Most early buildings were constructed of stone readily available near the building site. Early stonemasons also were aware that certain stone types had more -weatherability- – able to withstand the effects of weather better than others – and they utilized each type in accordance with its properties. Stones may be laid up in their natural form, or broken and squared, or shaped, for the proper fit with other stones in the wall.
Quarrying, the industrial process of extracting stone from the earth requires substantial effort and technology. In this process, stone is drilled, blasted, fractured or cut from the quarry face, and then shaped and finished for use in construction.
Concrete masonry units (block and concrete brick are available in sizes, shapes, colors, textures, and profiles for practically every conceivable need and convenience in masonry construction. In addition, concrete masonry units may be used to create attractive patterns and designs to produce an almost unlimited range of architectural treatments of wall surfaces. The following are some more prominent uses:
Exterior load-bearing walls (below and above grade)
Interior load-bearing or non load bearing walls
Fire walls, party walls, curtain walls
Partitions, panel walls, solar screens
Backing for brick, stone, stucco, and other exterior facings
Veneer or nonstructural facing for wood, concrete, or masonry
Fire protection of structural steel members
Firesafe enclosures of stairwells, elevator shafts, storage vaults, or fire hazardous work areas
Piers, pilasters, columns
Bond beams, lintels, sills
Floor and roof systems
Retaining walls, slope protection, ornamental garden walls, and highway sound barriers
Chimneys and fireplaces
Catch basins, manholes, valve vaults
Paving and turf block
Solid brick masonry is made of two or more layers with the units running horizontally (called -stretcher- bricks) bound together with bricks running transverse to the wall (called -header- bricks). Each row of bricks is known as a course. The pattern of headers and stretchers employed gives to different bonds such as the common bond, with every sixth course composed of headers, the English bond, and the Flemish bond, with alternating stretcher and header bricks present on every course. There are no real significant utilitarian differences between most bonds, but the appearance of the finished walls is affected. Brickwork, like unreinforced concrete, has little tensile strength, and works by everything being kept in compression.
There are many brick laying patterns, the following are but a few:
Stack Bond The brick laying patterns described by this term are not structurally sound and are used only for decorative purposes. The stack bond is a run of stretchers with each stretcher stacked centered on the stretcher below it. All joints run vertically down the entire wall.
Running Bond brick laying patterns are a run of stretchers with each stretcher placed in the center of the stretcher below it. This pattern gives a reasonable amount of structural soundness.
English Bond is made up of alternating courses of stretchers and headers. This is the strongest bond for a one-brick thick wall.
Brick Terminology
Bat is a brick cut in half or quarter along the short face
Closer A queen closer is brick cut in half down the long face. They are used in corners of English or Flemish Bond.
Header Brick is laid in a wall, usually connecting two rows of a double wythe wall. The smallest end of the brick is horizontal, aligned with the surface of the wall and exposed to the weather.
Quoins are groups of brick that project slightly from the face of a wall at the corner of a building. The pattern often alternates with several courses projecting bricks, and several courses that are aligned with the wall. The pattern of projecting quoins often alternates with the brickwork on the other side of the corner.
Rowlock is a complete course of brick laid on its side, with the shortest end of the brick exposed and vertical. Commonly used on the top course as a coping for a garden wall.
Sailor Brick are laid on its end with the largest, broad face exposed.
Shiner Brick laid on edge like a sailor, but the broad face is set horizontally.
Soldier Brick often is a complete course of brick laid on end vertically, with the narrow side exposed in the face of the wall.
Wythe is a single vertical wall of brick.
Clay Brick vs. Concrete
The formula for brick making has not changed for hundreds of years. The primary ingredients are clays and shale. It is these ingredients that give natural brick its colors and hue.
The natural color of concrete is gray. In order to give concrete bricks color, additives are necessary to create the variety of colors. Weather and the ultraviolet rays of the sun can cause concrete bricks to fade over time.
Concrete bricks have a tendency to shrink. During the concrete curing process, if the bricks are not properly cured prior to being delivered to the jobsite, shrinking and cracking will appear at the mortar joints and can allow water to enter the wall cavity.
According to a recent survey of architects, designers, engineers, and environmental planners and managers conducted by the Portland Cement Association (PCA), 77 percent chose concrete as a sustainable material. Overall, respondents ranked concrete favorably for its energy efficiency, durability and reduced maintenance. Over 500 individuals participated in the blind survey presented in an Internet survey form by a third party web host.
According to PCA President, -buildings with exterior concrete walls utilize less energy to heat and cool than similarly insulated buildings with wood or steel frame walls-. Additionally, -the superior insulation, air tightness, and mass of the walls can reduce energy for heating and cooling by up to 40%.
Alan Trauger is a Building Consultant that performs property condition assessments for residential and commercial properties. An experienced and knowledgeable problem solver, understanding processes and issues related to building structures and their systems. An expert witness, trainer, and educator. To review Authors Bio, qualifications, and interest in receiving future email newsletters http://www.alantrauger.com
To learn more about how your real estate tax assessment is prepared and how to appeal your property taxes. Property Tax Reduction Manual