José Braganza, Joint Managing Director, B&F Ventures
IoT has the potential to completely modernize the construction industry through connected devices, machine to machine communication, and real time access to information, plus it gives better control over employees and assets.
Solutions & Opportunities
The trio of GST, DE-MO and RERA was introduced with an objective to curb the black money dumping in the infrastructure and construction sector. This move has brought an enormous change in the way the sector was conducting business in a largely unorganized industry and has brought more transparency in transactions. RERA in Goa has had a positive impact on the confidence and reliability of the projects offered by the developer.
There are several issues that plague the construction industry. These include a significant shortfall in planned investment, delay in implementation and execution, difficulty in land acquisition and environmental clearances, absence of a proper dispute resolution mechanism between private players and government agencies, time and cost overruns, funds crunch, no mechanism for single window clearance for approvals, all these lead to delay in implementing or completing projects.
However, as a member of the CREDAI (Goa Chapter) we have seen efforts of the government to address these challenges and turn them into opportunities. We are also positive due to the Centre’s emphasis on infrastructure growth, which will bring a positive change in the industry and boost the economy.
B&F Waterfront Villa type A
Construction & Operation
Innovation, adoption of advanced technologies and project specific equipment are important for construction activities, but in the absence of these, many contractors and builders struggle with the projects. The complexity of the project is another reason that leads to delay in projects as skilled labour is a scarce resource in the country. Unavailability of raw materials and sustainability continue to remain a cause of concern for developers. Many contractors and builders fail to complete projects in a timely manner and the quality of the projects suffers.
At B&F, we create world-class habitats. Every project is meticulously designed and planned, using the latest technology for better productivity and timely completion. We follow energy efficient and sustainable practices such as recycling and reusing material to reduce costs.
B&F Waterfront
Artificial intelligence & IoT
Several industries such as manufacturing, transportation, healthcare are using IoT and AI solutions to enhance productivity, cut operational cost, and streamline business processes. The construction industry is no exception, but, right now, it is slow in adopting new technologies.
A construction AI system can recommend within seconds what materials, specific design languages, and costs are needed to construct a building, based on available data. IoT has the potential to completely modernize the industry through connected devices, machine to machine communication, and real time access to information, plus it gives better control over employees and assets.
Benefits of IoT and AI in the construction industry include reduced administrative expedience, greater safety, real-time observation, monitoring of materials for security, loss, and insurance protection, quality control, project selection, creation, and completion, Smart 3D printing, modular construction and prefab homes. All of these lead to a better managed, sturdy and good quality project and its timely completion.
Order Book
The substantial drop in GST from 12% to 5% on regular development and 1% on affordable housing from the earlier 8%, is a positive step. The recent cut in lending rates has also had a positive impact on our projects.
Currently, we are working on two projects: B&F Waterfront and B&F Meadows. B&F Waterfront is a gated premium villa development comprising of 7 independent river view villas each within its own compounded plot. The project features Portuguese architecture with an open to sky courtyard and built to high quality specifications and superior finish. B&F Meadows features landscaped areas, the most modern amenities and facilities, and the highest quality building materials.
The trio of GST, DE-MO and RERA was introduced with an objective to curb the black money dumping in the infrastructure and construction sector. This move has brought an enormous change in the way the sector was conducting business in a largely unorganized industry and has brought more transparency in transactions. RERA in Goa has had a positive impact on the confidence and reliability of the projects offered by the developer.
There are several issues that plague the construction industry. These include a significant shortfall in planned investment, delay in implementation and execution, difficulty in land acquisition and environmental clearances, absence of a proper dispute resolution mechanism between private players and government agencies, time and cost overruns, funds crunch, no mechanism for single window clearance for approvals, all these lead to delay in implementing or completing projects.
However, as a member of the CREDAI (Goa Chapter) we have seen efforts of the government to address these challenges and turn them into opportunities. We are also positive due to the Centre’s emphasis on infrastructure growth, which will bring a positive change in the industry and boost the economy.
B&F Waterfront Villa type AConstruction & Operation
Innovation, adoption of advanced technologies and project specific equipment are important for construction activities, but in the absence of these, many contractors and builders struggle with the projects. The complexity of the project is another reason that leads to delay in projects as skilled labour is a scarce resource in the country. Unavailability of raw materials and sustainability continue to remain a cause of concern for developers. Many contractors and builders fail to complete projects in a timely manner and the quality of the projects suffers.
At B&F, we create world-class habitats. Every project is meticulously designed and planned, using the latest technology for better productivity and timely completion. We follow energy efficient and sustainable practices such as recycling and reusing material to reduce costs.
B&F WaterfrontArtificial intelligence & IoT
Several industries such as manufacturing, transportation, healthcare are using IoT and AI solutions to enhance productivity, cut operational cost, and streamline business processes. The construction industry is no exception, but, right now, it is slow in adopting new technologies.
A construction AI system can recommend within seconds what materials, specific design languages, and costs are needed to construct a building, based on available data. IoT has the potential to completely modernize the industry through connected devices, machine to machine communication, and real time access to information, plus it gives better control over employees and assets.
Benefits of IoT and AI in the construction industry include reduced administrative expedience, greater safety, real-time observation, monitoring of materials for security, loss, and insurance protection, quality control, project selection, creation, and completion, Smart 3D printing, modular construction and prefab homes. All of these lead to a better managed, sturdy and good quality project and its timely completion.
Order Book
The substantial drop in GST from 12% to 5% on regular development and 1% on affordable housing from the earlier 8%, is a positive step. The recent cut in lending rates has also had a positive impact on our projects.
Currently, we are working on two projects: B&F Waterfront and B&F Meadows. B&F Waterfront is a gated premium villa development comprising of 7 independent river view villas each within its own compounded plot. The project features Portuguese architecture with an open to sky courtyard and built to high quality specifications and superior finish. B&F Meadows features landscaped areas, the most modern amenities and facilities, and the highest quality building materials.
NBM&CW July 2019
