Monday, 20 November 2017

Government Invites Bids for Consultant for 4-km Tunnel from Dwarka Expressway

NEW DELHI: Delhi will get its biggest tunnel road, about four kilometers long, to link Gurugram and Dwarka to the International Airport. The government invited bids on Friday for appointing a consultant for this ambitious project, proposing to complete the same in the next three years.

Dwarka-Expressway project

The present approach to the airport from the Millennium city is a highly congested one through the National Highway-8, also known as the Delhi-Gurugram Expressway. An under-construction ‘Dwarka Expressway’ will act as a by-pass of NH-8 from Gurugram to Dwarka. The plan finalized now is to build a 4-km tunnel road from the Dwarka Expressway straight to the T3 terminal of the Delhi Airport.

This deep 4-km long tunnel for vehicles is proposed to run along the alignment of the existing underground Delhi Airport metro line from T3 Terminal to Dwarka Sector 21 Metro station. Passengers destined for the International airport from Gurugram by 2020 will be able to take Dwarka Expressway and then the tunnel road to reach the airport, bypassing the entire NH-8 road.

Residents of the bustling Dwarka area will have the same faster option. The technical consultant to be engaged for the project has been asked to advise on the feasibility of the said tunnel and other pre-construction activities like having its junction with Dwarka Expressway.

The tunnel, one built, will offer “western connectivity” to the International Airport. Both the Dwarka Expressway and the new tunnel road will be executed by the National Highways Authority of India (NHAI). This comes out of the urge of the government to decongest NH-8, where the intensity of traffic has increased significantly and there is urgent requirement of augmentation of capacity for safe and efficient movement of traffic, as per the bid document floated on Friday.

“The standards of output required from the appointed consultants are of international level both in terms of quality and adherence to the agreed time schedule. NHAI has assigned works of consultancy services for DPR of Dwarka Expressway to the technical consultant M/s AECOM. The consultant (of tunnel road project) is required to co-ordinate with M/s AECOM as well as other stakeholders viz. AAI, DAIL, DDA, DMRC and finalize the alignment & configuration of Tunnel Road accordingly,” the bid document says.

It has also been mentioned that since it is envisaged that the tunnel road project “would be completed and opened to traffic after 3 years”, the traffic demand estimates should be made accordingly.

The Centre has been pushing aggressively for projects in and around Delhi, including fast-tracking of the Delhi-Meerut expressway which is set to be built in record time. The first phase of India’s maiden 14-lane highway will be completed next month, road transport and highway minister Nitin Gadkari had said on Tuesday.

The entire 96-kilometre expressway will be completed by 2019, the minister had said.
Source : https://goo.gl/aGuEJn

Wednesday, 15 November 2017

NRIs Switch to Commercial Realty as Residential Stutter


Non-resident Indians (NRIs) from the US and West Asia are now diversifying their asset exposure and investing more into commercial properties rather than residential due to high risk and the imminent slowdown in the segment.

The preference is also being driven by better returns from the office assets and a fixed income that is being generated by such investments.

“Its returns outperform those of traditional fixed deposits (FDs), mutual funds and Sensex, with an average rental return of 7-8% and overall returns of 18-22%.

Currently, 40% of our NRI clients are investing in Indian commercial real estate through fractional investment,” said Kunal Moktan, co-founder of Property share.

Commercial office space vacancy has almost halved in the past six years due to robust demand from corporates. Office space absorption is not only strong, but pre-leasing is at an all-time high, which is an indication of sustained demand and occupiers’ interest in commercial spaces.

“Over the last one year, we have sold around 1 lakh sq ft of small offices in Navi Mumbai. Of this, 15-20% have been bought by NRIs and this is a significant jump compared to our earlier experience. ,” said Ashok Chhajer, CMD, Arihant Superstructures.
Source : https://goo.gl/kgAXSR

Thursday, 9 November 2017

Dwarka Expressway Gets National Highway Status


Dwarka Expressway’s wait has finally come to an end. The National Highway Authority of India (NHAI) has issued a notification which grants the national highway status to the 28 Km long Dwarka Expressway. The Dwarka Expressway starts from Delhi's Shiv Murti and ends at Kherki Daula in Gurugram. Union Minister Nitin Gadkari had made the announcement of giving this status to Dwarka Expressway a year ago.

When the road will reach completion it will become an alternate route between Delhi-Gurgaon, it is expected to reduce traffic significantly on the Delhi-Gurgaon expressway. NHAI has also specified the speed limit of 80kmph on the Dwarka Expressway. This is being seen as a move which will push the much-delayed project near completion.

Taking note of the request of Manohar Lal Khattar, Chief Minister of Haryana, during Global Investor Summit the Union Minister has announced to give NH status to the road. Ministry of Road Transport and Highway has given in-principal approval to Dwarka Expressway, now finally NHAI has issued a notification regarding this.

Developers are happy with this development. “We welcome the move as this will allow a positive drift in the momentum for Gurugram’s real estate market. NH status will boost infrastructure development of the area and likely to promote investment in new Gurugram,” said the director of Mapsko, Rahul Singla.

According to the NHAI’s notification the Dwarka Expressway which is 28 Km long starts from Shiv Murti in Delhi on NH-8 and passes from the parallel of Terminal-3 of Delhi Airport up to the junction of sector 25 and 26 in Dwarka, named as Barthal Chowk, from where it will take a left and go straight to Kharki Daula in Gurugram

An official of the NHAI said that the land acquisition process has been initiated in the villages of Bamnauli and Bijawan, with a total of 24 hectares of land which is needed to be acquired.
The horizontal alignment of the Dwarka Expressway is designed for a speed of about 80 Kmph. The main roadway is proposed to be of eight lanes with three-lane service road on either side. At the intersections, flyover has been proposed. It has been proposed to have four-lane underpasses so that in future the crossings and junctions do not face jams.
Source: http://shortenurl.net/1jMql

Tuesday, 24 October 2017

What’s new in office space designs today?

1. Waiting area is not so boring now!!

A collaborative seating zone with eclectic lighting provides a welcome multi-use meeting/ waiting/ discussion space office space 1

2.  Meeting booths are getting casual

Gone are days when meetings used to be held behind closed doors. Here collaborative zones feature semi-enclosed meeting booths with comfortable sofa seating for a quick one on one or team discussion office space 2

3. Open office environment leads to more productivity

120 degree workstation arrangements allow for both sufficient individual privacy and team wise definition of space in an open office environment. Such designs are increasingly being used by companies to allow employees to interact with each other creating a warm environment eventually improving the overall productivity. office space 3

4. Dull colours are the things of the past

Many may not know but colours also play an important role while designing an office space.Vibrant and trendy colours add a fun element to the the office spaces. office space 4

5. A welcome break from the work

Aesthetically designed food and beverage corner with a high bar counter type seating, visi-cooler and tea-coffee dispensar provides for a great place for chit-chat and a welcome break from the work. office space 5

6. Open seating creates a congenial work atmosphere

Taking open office seating to the next level by removing all screens and partitions to encourage interaction and collaboration.The accent colours on walls and columns with well placed graphics and greenery create a congenial work atmosphere. office

7. New age video conferencing space

Clean white lines define a new age video conferencing / entertainment space with a combination of sofa seating in front and high standing counter/ bar seating to accommodate more participants. office

8. Open desking replacing individual workstations

Open desking without fixed user assigned seats or hot desking are replacing individual workstations as a new trend that is being embraced even by traditional offices.Companies are even encouraging employees at top managerial level to go for such open spaces to interact more with their team. open desk

9. Island cabins are the new norms

The island cabins and meeting rooms are the new norm pushing the open work desks toward the external periphery for a better daylight penetration and hence a naturally brighter working environment.Accent colours based on a theme or derived from corporate colours add a distinct character to these enclosed yet visually open spaces NA_151111-462-700x467source : https://goo.gl/fW5ikz

Wednesday, 11 October 2017

Govt May Reduce GST on Construction Materials

At least two state finance ministers told TOI that a number of items like bath fittings, cement, steel products such as rods used for construction are in the top bracket and do not belong there


GST Council may reduce the number of products in the highest slab, following a series of complaints by state finance ministers, who have argued that several common-use products face a 28% levy, causing hardship to people.

At least two state finance ministers told TOI that a number of items like bath fittings, cement, steel products such as rods used for construction are in the top bracket and do not belong there. “The idea was to classify the goods and services into merit and non-merit goods with the non-metrit goods in the top bracket.
But we have gone beyond that,” said a state finance minister, who has usually sided with the Centre on most issues.

The minister said the “block” was too big and needed to be reduced. On Saturday, CBEC officials had also said that there were far too many items in the top slab.

The second state FM said the issue is expected to be discussed at the next meeting of the Council scheduled in Guwahati, given the concerns expressed by several states.“In the medium-term the aim is to move to fewer slabs,”

The minister said. Finance minister Arun Jaitley had last week reiterated the plan to move to fewer slabs in the future.

Some of the state government officials also believe that the 28% levy was also resulting in sellers evading taxes as it is quite common for shopkeepers to advise buyers to pay in cash, where no invoice is issued.

The talk of reducing the number of products in the top bracket follows finalisation of a concept paper at last Friday’s GST Council meeting.

It was decided that a formula for review, including the need for reduction in slabs, the tax credits available and revenue impact will have to be discussed by the Council in detail before a decision is taken, said a source.

Separately, the government has also announced the establishment of a panel of state FMs, which will review the tax structure for different categories of restaurants for a possible reduction or rationalisation. Restaurants currently face a levy of 12% to 28%, depending on whether they are mereeateries or restaurants in five-star hotels.

In addition, the panel has three other terms of reference, including possible exemption for sales revenue from exempted goods in calculating the overall turnover of an entity, a decision that is fraught with the risk of massive leakage from the government treasury.

The committee will see if the composition scheme can be extended to the outward supply of goods. The scheme allows traders (1%), manufacturers (2%) and eateries (5%) with turnover of up to Rs 20 lakh to Rs 1 crore to pay GST at a flat rate with a lower compliance burden.

In deciding GST rates, the government had opted for a principle of equivalence, where the combined incidence of VAT and excise, or service tax, was factored in. The Centre’s focus was on ensuring that there was no rise in the burden on common-use items, especially those which are part of consumer price index, while protecting its revenue.
Several items such as stationary were put in the top bracket, decisions that have already been tweaked.

At the same time, the GST Council, comprising the Centre and the states, had consciously opted for multiple tax rates in segments such as restaurants and hotels with the luxury segment in the top bracket.
Source: https://goo.gl/cZ9i2S