Author: NB Constructions

Is timely possession of the property still a dream or the tables have turned?

Is timely possession of the property still a dream or the tables have turned?

It won’t be wrong to say that there has been a drastic improvement in the possession rates of the residential and corporate units since the introduction of the RERA Act. The Real Estate Regulatory Authority Act, which was introduced on May 1, 2017, has been very effective in making the real estate builders careful about meeting project completion timeline.

Earlier,  there had been many instances where builders troubled the buyers with unnecessary delays in possessions as there were no strict policies at the place. The introduction of new reforms and stringent policies under RERA Act has not only saved the buyers from unnecessary delays but also brought credibility and transparency among potential buyers. Thus, the builder is now accountable for his deeds and has to pay the penalty if he doesn’t meet the criteria mentioned in the forms. A builder also may have to give the full refund in case of default and delays as per the several terms and conditions. So, we can say that there are now no unnecessary and vague reasons for the delay in possession. There may be certain genuine reasons like pandemics, and emergency situations, etc, which can make the property possession delayed. 

As per the RERA rules:

  1. The builder has to give a certain rate of interest in case of default. Yes, if the buyer neither wants to withdraw from the project and nor wants to claim the refund, the builder is entitled to pay the rate of interest every month for delay till possession
  2. A builder has to give a written affidavit covering all the important points
  3. A different account has to be maintained for construction purposes, which means that the amount given by a buyer can’t be used for any other purpose except the construction and maintenance. 

 

Using technology to fix construction’s productivity crisis

Using technology to fix construction’s productivity crisis

The expanded use of software–from modular offsite construction and robotics to on-site tablets–could be part of the solution to the problems of low productivity and slim margins in the industry, as well as helping attract a new generation of recruits. Nevertheless, the industry needs to think through a number of legal and practical concerns that continue to emerge as obstacles to growth.

Questions of liability

Robotics, machine learning and AI will soon be a popular part of the building process, especially as modular construction becomes the prevalent building method. While this may reduce defects and make buildings safer and more efficient, it poses a host of liability issues.

For example, if a computer makes a mistake, who is responsible? Is it the people who run the machine or the people who created the software? Organizations will need to take these factors into account when writing contracts.

Handling data

When construction becomes more data-driven, the Data Protection Act will have an increasingly significant impact on construction activities with drones and robotics gathering and processing information.Where is handled [ information ]? And who is responsible for businesses that use the act’s enforcement with such technology? Building contracts will have to include who owns and has access to data, how it is used and stored, who is accountable and who profits from it.

Confidentiality and security

Then information is unintentionally obtained. “A machine’s aim may be to collect data, but it will also inadvertently collect some information,” More said. “It will still be stored and it will still be held by someone.” Contracts will need to detail the privacy and security conditions for this information and understand where this data eventually goes–whether back to the supplier of the machinery or to the contractor

How and what to share

At the same time, the industry has immense potential to benefit from increased cooperation and sharing of information. The view is that agreements should guarantee and require that all data collected is exchanged by everyone when it comes to data.

Keeping up with the law

In addition to contractual issues, rapid technological advances will bring improvements to the law that will need to keep construction companies on top of if they are to avoid potential criminal offenses.

Health and safety

A major advantage of more technologically advanced design is its positive impact on health and safety – provided that modular manufacturing is likely to be much healthier than on-site construction in a highly controlled environment.

Digitising the public sector

Digitising can help make the process more effective by standardizing it. “We need local authorities to begin digitizing the front end, the land and planning system, to move that into the construction process,”

Project Overview-Gurugram Global Heights School

Project Overview-Gurugram Global Heights School

Project Overview-Gurugram Global Heights School

Location: Sec 102 A, Gurugram, Haryana.

Plot Area: 5 Acre.

Constructed Area: 1,15,000 sqft

No’s of floors: Basement + Ground + 4 Storey

Project Duration:

  1. Phase 1(Building Structure + 2 floor interior) – 3 months.
  2. Phase 2 (All internal finishes i/c MEP and external development work) – 3months.

Achievement: Completed within stipulated period and rewarded by Haryana PWD Minister Mr. Rao   Narbir Singh on account of best quality.

Scope of Work:

  1. Casting of 155 nos. cast in-situ pile foundation by the specialized team (As the area was waterlogged due to disposal of waste from the government sewage treatment plant leading to water level at -1500mm from existing ground level resulting into deterioration of the soil quality for the purpose of such huge structure).
  2. RCC basement with 40-50mm thick Guniting work on walls and floor.
  3. Steel Structure building- The fabrication of steel was done at site.
  4. 1mm thick Metal Deck sheet roofing with 19mm dia stud.
  5. Aerocon Prefabricated Fibre Reinforced Sandwich panel of CK Birla Group used for Dry walls.
  6. AAC block used for External walls.
  7. Gypsum Plaster used on inner walls.
  8. Interior Work with all finishes i.e. Tile and stone Flooring/Cladding, Internal and External Paint work, Wood, Aluminum window.
  9. Structural Glazing and Façade Work.
  10. WTP and STP work.
  11. All the internal and external MEP work.
  12. Road Work.

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