green building architecture

Effect of Economic breakdown on Construction Industry

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Poor Economic state of the World | Effect on Construction Industry and its prevention

Sudden Economic change is extremely bad for Construction industry of any country. The status of Global markets determines the behaviour of an individual country. For example, if the economy of United Kingdom is suffering due to employment problems in the country or financial crisis; it affects the whole of Europe. On the whole, the economy of Europe plays a great role in moving the market.

The first and foremost bad effect of the market would be:

Banks going bankrupt. Banks are the main sources of capital for major construction projects.

Construction industry is capital intensive.

Because of the banks going bankrupt, there is not enough capital in the market that could be utilized for new projects. Because of less money in the market, people are unable to afford luxury homes, offices. This has two major effects on the construction industry:

  1. Since, people do not have the money to buy buildings, Existing projects are stalled due to increasing raw material cost and decreasing real estate value. No more gigantic home loans available.
  2. After analyzing the scenario of the bad economic conditions of the market, the builders decide to scrap the idea of new constructions and decide to wait for the right time to start the project. This brings recession in the construction industry which affects architects, engineers and mainly workers badly.

Financial Crisis in the country will result in major construction firms going bankrupt which in turn would be responsible for the loss of thousands of jobs.

Is it possible to prevent this from happening? If yes, then how?

A new system of design is needed to ensure very low energy footprint, sustainable development and optimum use of local materials.

A renewed focus is needed on Green building Design…

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IPSA – Indore (AAYAM) | Sustainable Green Architecture

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Incorporation of Sustainable Green Features in the Design

Aayam in Sanskrit means dimension, and the presented design has provided innovative solutions in all the dimensions of creative world.

The entire building has been made in order to preserve the landscape and adapt suitable style pertaining to the topography. By determining the quantity and quality of light entering the spaces, they have eventually taken on greater reality. The galleries are woven into a modulated space, born of light and geometry.

IPSA - Indore (Sustainable Green Architecture)
IPSA - Indore (Sustainable Green Architecture)

The design is a centre of culture that is rooted in the region and reflecting contemporary art and architecture at the highest level that have come together with nature. The core of the annex is open to sky and the rigorous used of a geometric vocabulary. A reflection of land art with pure modernism, the convention centre is rooted to traditions and mirrors ideas if the youth of India.

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Application of Green Building Technology in India | Thiagaraj Convention Center

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When people talk about Green buildings, it is assumed they are eco-radical tree-huggers. But its true. Green building technology can really help achieve sustainable development by reducing energy consumption to a large extent and improving the return on investment by reducing maintenance.

When considering the economic benefits of smart technologies one must include many factors, such as health cost, future economic stability, quality of life and costs of operation.

In India, Thiagaraj Convention Center in Chennai is one such place where green building technology has been extensively used. Many of the building techniques can easily be adapted to existing buildings. For example, the transition from incandescent light bulbs to compact fluorescent light bulbs can lead to energy savings of upto 75% of costs. The small increase in initial costs to purchase the bulbs would easily be recouped many times over by the savings and extended life of the new bulbs.

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Leading the Green Building Movement | TKM College of Engineering (Chennai)

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“A green building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier spaces for occupants, as compared to a conventional building.”

As the world reels under the stress of economic recession and Peak oil, efforts are being made to minimize the use of energy, to maximize return on invested resources by recycling and optimum use of natural resources. Such efforts have culminated into the new Green building movement across the planet.

Brief Introduction of the Project

A contemporary convention centre having state of art facilities, using modern building techniques and energy efficiency as the prime design parameters.

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