As this issue of Buildotech goes to press, the whole nation is evaluating the impact of Goods and Services Tax which just passed the first hurdle. While GST gives a big push to the manufacturing, warehousing and logistics sectors in India, the real estate developers, in general, feels that the Bill would be a game changer for the their industry which is currently facing issues of multiple taxation amounting to over 25% in indirect taxes. With the uniform tax, they will have free input credits on GST paid for services and goods purchased by them which will reduce cost and can be passed as reduction to buyers. However, since the real estate sector is linked to hundreds of other sectors/industries like cement, steel, IT etc, the benefits for or burden on each sector will also have an impact on real estate. However, experts are unsure on which way the new launches will be impacted. So the wait continues.
When it comes energy efficiency, fenestration, design & technology plays an important role. The better the windows and doors, the more holistic the performance of the envelope. The changing residential & commercial designs and energy codes demand that the developers look beyond aesthetics when it comes to building envelope. We have in this issue a few of the industry leaders talking about the trends in design and product usage to get the best out of openings and façade.
The design section has diverse features: Graphic designer Hetal Shukla’s account on his experimentation with the interiors of Google’s workplace in Hyderabad; the architectural practices of Amit Khanna who finds a synthesis between the clients’ needs and his own sensitivity to urban environment and community; and one on the transformation of Mumbai’s old Centaur hotel to the current Sahara Star.