Striking a fine balance...

Today's architect is a combination wizard technical, artistic, land expert, client specialist all rolled into one...

Striking  a fine balance...

Real estate is an industry which brings together engineers, economists, designers and
architects. A realty project isn’t easy for anybody involved in it. From the land acquisitions to approvals to construction to renovation to interiordecoration, every step is laid with complexities.

To execute a project in a well-refined manner, there is a significant need of assistance for the developments in both public and private clients to bring the ultimate result. This involves a well-planned and conceptualised real estate idea to fill in the needs and gaps for the further course of action. Architecture, engineering and economic and environmental planning, all have varying options and action. Time is a significant factor to implement the requirements of design and construction, permits and approvals, financing and scheduling that too in sync with the clients’ objectives.

Real estate market is inversely proportional to architecture, wherein for a project to surface processes such as site selection, site planning, master planning, state and federal permit processing, building engineering, landscape design, and construction documentation and supervision is important for the final result.
Architecture was once a creative ability tempered with technical knowledge – translating human need and functionality. There was a blend of technical and scientific learning with creativity. Today’s architect is a combination wizard – technical, artistic, legal land expert,
management expert, cost expert, client servicing specialist, financial genius...

For a dynamic and striking result, participation in development of the real estate, right from the first stage is significant. The real estate industry needs to constantly keep abreast of supply and demand in the sector it is addressing.

Hospitals, for example; if there is a shortage of hospital beds, a developer may wish to build a hospital in that location. But the project may not be feasible if there’s a lack of doctors or nursing staff. Similarly, there may be a demand for a business hotel, but if the the builder decides to build a premium hotel, he may have to suffer losses.

Also, due to the abundance of residential projects, there is a perceived slump and an extensive shortfall of low- cost or ‘affordable’ housing. However, the cost of land where such housing is critically required is causing a conflict for builders who cannot afford the losses in such developments.

Calling in the architect

If you are getting your dream property designed by an architect, there are a few things that you need to keep in mind:

Focus on your objective

You should be clear on your space requirements. Rather than just saying, “I need more space”, justify your needs and put them all on the table. Make sure all your apprehensions are cleared before the construction begins.

Plan for the future

Another thing that must be considered is the number of people who are going to live in that place. You need to look ahead and analyse the future demands of your family. It may be an extra bedroom or a larger dining room or more bathrooms.

Be money wise

One question that arises in everyone’s mind is how to save the expenditures on electricity and water. An architect has the ability to foresee such things and put the corrective measures in place. For instance, pressure control valves and shower timers can be used to combat the expenses on water. For electricity, water heater timers and smart metres prove economical.

Make smarter homes

In today’s world, the materials which reduce housekeeping costs are given prime importance. Dust collectors and air filters are good options to eliminate the problem of dust accumulation and pollution.

Think of space for unwinding

In this age of extreme stress and duress, entertainment is pivotal to our lives. It would make sense to ask your architect to include an exclusive, compact arena for games, movies and some social time.

Benefits to the end-consumer rely on the nature of builders, the discipline of the financial institutions and the technical creativity of the architects. It is not just bricks and mortar anymore, it is the planning and catering to the aspirational goals of the end user – on each specific strata or segment the real estate industry focuses upon.

(The author is CEO, Khanna Pran Associates)

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