Friday, July 22, 2022

What is Green building certification in India?

 What is Green building certification in India?

Parkwest by the Shapoorji Pallonji Group.

Top 5 green-certified constructions by Shapoorji Pallonji

 Top 5 green-certified constructions by Shapoorji Pallonji

Wednesday, June 22, 2022

What are the newest Shapoorji Pallonji projects in UAE?

 Shapoorji Pallonji is one of the most renowned real estate names in India while also being the first Indian construction company to expand its expertise to the Middle East. It began with the construction of the Sultan Qaboos Palace in Oman and has now followed into a number of high-profile projects across the UAE and other Middle Eastern locations.

Tuesday, June 14, 2022

What you need to know about EL Testing of Solar PV Modules

EL Testing of Solar PV Modules

Tuesday, June 7, 2022

Picking the best EPC Business Model for your Solar Plant

 

Solar energy is the most sustainable energy that is abundantly available on the planet and has the potential to match our daily needs. The Government of India is very supportive of Solar EPC companies, with the Ministry of Finance providing low-interest loans for private and public sectors.

So if you are thinking to start your own solar EPC company, here are the basics and two business models that are widely used in the industry to get you started.

What is an EPC company?

EPC stands for Engineering, Procurement, and Construction. As the name suggests, EPC companies combine the main three components of creating quality products and services. The major advantage here is that the company has full control over the production of everything.

EPC Business Models

EPC business models are a way to work with customers by offering them the equipment and services they require while outsourcing the high-value engineering and construction expertise. This makes for a great system, especially for solar businesses.

There are two common business models in India for EPC companies, namely the CAPEX model and the RESCO model.

In the CAPEX model, the buyer generally hires an EPC company as their prime contractor. Here, the company is in charge of management and procurement for its value chain. An excellent example of a leading solar company that uses this model is Sterling and Wilson Renewable Energy Private Ltd. Having over 90 years of experience in the industry, they are known as the largest global EPC and MEP contractors.

In the RESCO model, the company provides you with renewable energy which you can pay for as you consume. The customer does not hold ownership of the Solar Power Plant but the seller and buyer share roles for handling all equipment and personnel for their project.

Make the choice based on the kind of equipment and services you are interested in providing. Here’s your green signal for a green business!

Originally published at http://realestateandepc.wordpress.com on June 7, 2022.


Wednesday, May 25, 2022

What is Floor Rise Charge (FRC) & How to Calculate It?

 

Buying a home comes with many costs, especially when you are purchasing a high-rise apartment. One aspect of the pricing involved in the agreement value is the floor rise charges. Floor rise cost comes under PLC which stands for Preferential Location Charges and it majorly affects all real estate purchases in India. It is a charge that is not governed by any regulations and so they vary from city to city.

Here is a guide to explain the basics of floor rise costs and how they can affect your purchase.

What exactly is floor rise charges (FCR)? — Definition

Floor rise quotations are charges determined by the construction company in respect of an apartment located on floors above the fourth floor in their building. It is calculated on the basis of the cost of construction, interest during construction and overheads. These charges are calculated per sq. meter/per sq. ft. as per the total area of your desired apartment. Based on the particulars of location, the charges can range from Rs.25 per sq. ft. to Rs.100 per sq. ft. Some companies also charge you a higher price for a higher floor.

Calculating Apartment Floor Rise Charges (FCR)

The most common method of calculating this cost includes charging a particular price per floor or charging X% per cent of the entire project cost.

Let’s look at an example to understand how it works.

Imagine you have booked a property with a carpet area of 500sq.ft. If the rate of the area is Rs.2000 per sq.ft., the basic price will be calculated as Rs.10,00,000. In addition to this cost, you will be bound to cover the GST, PLC and stamp duty. If floor rise charges are applicable to your project, say it is at Rs.50 per floor, and your apartment is on the 10th floor, the final price will increase by Rs.500 making Rs.2500 per sq. ft.

This means, that your base price + floor rise charges = Rs.2500 x 500 sq.ft. = Rs.12,50,000 (excluding other charges)

Make sure you speak with your realtor to take you through the price breakdown so that you are fully aware of all the additional costs involved prior to making a purchase.

Happy Dream Home Shopping!

Shapoorji Pallonji Real Estate is a name to reckon with in the real estate sector. It is part of the Shapoorji Pallonji Group — an enormous multi-business conglomerate. The group has a 150-year legacy of creating great spaces, from the earliest structures of India to modern marvels.

Originally published at http://realestateandepc.wordpress.com on May 25, 2022.


Wednesday, May 18, 2022

What are Builder Floors?