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Sunday, Jan 23, 2011
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Real Estate & Construction
Industry & Economy - Real Estate & Construction
Chennai to host BAI convention
Builders' Association of India (BAI) is organising the XXIV All India Builders' Convention from Sunday to Tuesday at the Chennai Trade Centre. The event is aimed at updating knowledge in construction technology, management and legal implications, discussing the problems of builders and contractors and providing solutions and showcasing products and services to the builders, according to a press release from the association. The theme of the three-day event is ‘Endearing construction with enhanced technology.'
“The Indian construction industry and infrastructure projects have undergone sea changes in the last two decades. The pace of construction activity has picked up, technical improvements have grown multi fold and builders need to keep updating themselves on these changes with continuous training. That is the reason behind the theme that will focus on accelerated growth, cost reduction and break monotony and stereotypes,” said Mr Mu. Moahan, Chairman, Builders' Association of India-Southern Centre.
This is the fourth time BAI's convention is being held in the city, which has a diverse and dynamic economic activities and growth potential, said Mr R. Radhakrishnan, Chairman – Convention (HQ), XXIV All India Builders' Convention.
Technical sessions on soil mechanics and foundation; fire, safety and surveillance; construction equipment; facade and human relations are also being organised. The event will help in evolving specific recommendations upon which the Government and industry can act on, the release said.
BAI is an all-India organisation established in 1941, with headquarters in Mumbai. It has more than 120 centres in the country with 7,500 patron members and membership strength of over 30,000. BAI is represented by various small, medium and large government organisations as an apex body and construction nodal agencies in the country and abroad.
Verterra to tap value segment
Primex Infrastructure Pvt Ltd, an integrated property developer has launched a residential project “Verterra” at Porur a residential suburb and emerging IT hub of Chennai.
The Rs 125-cr Project is spread across 4.2 acres and offers the advantage of proximity to schools, markets, hospitals and hotels.
The project will offer 324 units across nine blocks with a total built up space of about 3 lakh sq.ft catering to various market segments. The residential units of 1- to 3-BHK range from 575 sq.ft to 1,233 sq.ft with prices starting at about Rs 22 lakh.
The construction of the first block will commence from February 2011 and the project is expected to be completed within 24 months.
The promoters have 25 years of experience in infrastructure development, export, cement, steel and power. They have constructed 5 lakh sq.ft. of commercial space of factories, ware houses, office space & power plants earlier and are now entering the residential segment.
A clubhouse spanning 9,000 sq.ft‚ equipped with a swimming pool‚ gym‚ aerobics‚ party hall‚ home theatre and space for indoor games will be a part of the project which will offer a range of modern amenities.
The emerging twin suburbs in Mumbai
The suburban property expo for two units organised by the Maharashtra Chamber of Housing Industry (MCHI) has received enthusiastic response from the market, according to a press release.
The first suburban property expo for Mira-Virar City at Bhavander and Kalyan-Dombivli in Kalyan over 40,000 visitors at each of the exhibitions and an online expo too recorded over 4,000 hits. The response is an indication of the emergence of Mira-Virar region as a prime location for homebuyers and investors. The end users looking for their first home or those upgrading to a larger unit will get the best terms of affordability and strong infrastructure. Most developers have recorded a huge number of enquiries and bookings which marks the success of the expo.
The Kalyan-Dombivli expo was unique because of the properties being available at affordable price points. The expo witnessed enquiries from genuine buyers at most of the stalls which is a healthy sign for further development of the area. Also, the virtual online exhibition facilitated homebuyers in other part of the city and also overseas to experience the real-time feel of the expo.
All Developers, Banks and HFI's who have participated in the twin expo are also participating in MCHI Twin suburban property's Online Exhibition in association with iProperty.com. For those home buyers who missed the chance of visiting the expo can log on to www.mchi.net.This virtual online expo is open till January 31, 2011.
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