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Realty firms on hiring spree againDLF profit crumbles 77%Realty demand up 15% in Q2‘Property rates to fall 25% in 12-15 months’

: says Ajay Batra, Associate Vice President, Architecture — The Uppal Group.

The new constructions coming up are seeing some positive changes. Suncity is coming up with an IT SEZ in Manesar where all buildings comply with energy efficiency norms. Ashok Bansal, Director, Suncity Projects Limited says that upcoming buildings will be quite different from present constructions. “They will have walls made mostly from concrete than bricks and thicker insulated glasses are used instead of normal glasses which check the penetration of heat,” says Bansal.

Amidst all this energy saving initiatives, one is bound to imagine whether these upcoming new constructions will have a look of an alien world? Industry experts assure the worries are unnecessary. Anil Nanda, Chairman and MD, Akme Projects says that buildings will be normal in appearance with more solid portions. “The construction of energy efficient building is same as present ones and all one needs to keep in mind is insulation, solar energy, rain harvesting and optimum use of electricity,” adds Nanda. Initial hiccups may arise as developers too believe that moving away from the existing methods may cost more. The cost up front may be high, but developers save through lower operating costs over the life of the building.

Brotin Banerjee, Managing Director, TATA Housing Development Company Limited explains that energy consumption represents 30% of a typical commercial office building’s operating costs, making it the single largest controllable cost of operations. “So improved energy efficiency has a direct and substantial payback for investors,” says Banerjee.