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Reinforced Cement Concrete (RCC) is a composite building material that consists of structural concrete and a reinforcing material such as steel. The tensile strength of steel and the compressive strength of concrete work together to sustain stresses over considerable spans. The reinforcing steel can be in the form of rods, bars, or mesh. The invention of reinforced concrete in the 19th century revolutionized the construction industry, and concrete became one of the world's most common building materials.
In India, GST does not apply to home loans. However, a bank provides a host of additional services along with the home loan which are applicable to a charge of 18% GST. Further, processing fees and other charges levied on disbursing home loans fall within the category of financial and related services, as identified by the HSN code 9971, and are therefore subjected to 18% GST. Input tax credit (ITC) can be availed only on properties used for business purposes. Home loans are typically taken for personal home purchase or construction and not for business use, hence ITC cannot be claimed.
Plain Cement Concrete (PCC) in construction refers to a type of concrete that consists of cement, fine aggregates (such as sand), coarse aggregates (such as gravel or crushed stone), and water. PCC is a simple and commonly used form of concrete that does not contain any reinforcing materials like steel bars. It is primarily used for non-structural components or applications where structural strength is not a critical factor.
Mivan is a type of construction technology that involves the use of aluminium formworks for casting concrete. Unlike the traditional RCC method which relies on timber and plywood, Mivan employs lightweight high-strength aluminium panels. This method enables swift assembly, improves precision, is easy to handle and can be reused multiple times.
Affordable Rental Housing Complexes( ARHCs) is a sub-scheme under the Pradhan Mantri Awas Yojana – Urban (PMAY-U) scheme, initiated by the Ministry of Housing & Urban Affairs. It aims to provide affordable rental housing to urban migrants and poor. The ARHCs will comprise of a mix of single bedrooms and dormitory style units along with common facilities and amenities. These spaces will be leased for a minimum period of 25 years. Under the ARHC scheme, government funded vacant houses will be converted to ARHCs and new structures will be erected on available vacant land for this purpose which will managed through Public Private Partnership or Public Agencies.
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The Slum Rehabilitation Authority (SRA) is a planning authority formed under the Slum Rehabilitation Act in December 1995. It was established to serve as a planning authority for all slum areas in the jurisdiction of Municipal Corporation of Greater Mumbai. The SRA authority undertakes activities such as assisting slum dwellers in forming co-operative societies, assisting in certification of eligibility of slum-dwellers, taking punitive action on non-participating slum-dwellers obstructing the scheme, survey, and measurement on slum lands grant of building permissions, leasing of rehabilitation plots and free-sale plots and updating of property cards (PR cards) and more.
Indian Green Building Council (IGBC) Green Homes is a rating programme developed in India, exclusively for the residential sector. The objective is to facilitate the effective use of site resources, water conservation, energy efficiency, handling of household waste, optimum material utilization and design for healthy, comfortable & environmentally friendly homes. The certification levels awarded are Silver, Gold, and Platinum based on the extent of sustainable practices followed.
Alternate Investment Funds (AIFs) is a privately pooled investment vehicle that collects funds from India and abroad for investing into asset classes with a defined policy. The concept was first introduced in India in 2012. Under AIF regulations issued by SEBI, funds can be classified into three categories. Real estate AIFs fall under category II.
REITs are listed securities that provide derived ownership of rent-yielding real estate.
Construction and demolition (C&D) waste refers to waste generated from construction, renovation, repair, and demolition of houses, large building structures, roads, bridges and dams. It also includes any surplus and damaged products and material arising through the course of construction work or used temporarily during the course of on-site activities. Materials found in C&D waste can be but are not limited to wood, steel, concrete, gypsum, masonry, plaster, metal, and asphalt. C&D waste can contain hazardous materials such as asbestos and lead.
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