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Ravinder, B.
- Hedonic Pricing Model With Respect to Gated Housing Attributes in Hyderabad
Authors
1 NICMAR, Hyderabad, IN
Source
International Journal of Technology, Vol 5, No 2 (2015), Pagination: 153-156Abstract
The fostering IT sector in Hyderabad has developed a demand for new residential accommodation in the city of Hyderabad. The suburban and urban areas of the city have been witnessing a rise in number of new housing projects. This has lead to the change in the dynamics of the valuation of the housing units in the city. In this study, an attempt has been made to value the housing units based on its intrinsic and extrinsic characteristics. To do so, the Hedonic Pricing concept has been used which is based on the multiple regression techniques to regress the pricing function and to study the individual as well as the overall effect of the characteristics on the value of the property. Factors that determine the house prices in Hyderabad are analyzed in this study using data collected from various sources such as the property expo, site sales office, sample flat visit and company's website. Data collected for 20 gated housing units in different areas of Hyderabad has been used to generate the model. The results showed that the following variables were significant: number of stories, proximity to bus stand and railway station, number of rooms and whether the house is ready to move or not. They accounted for 88.44% of the variations. The Hedonic Pricing concept is thus used to model the relationship between the sale price of a house and the housing attributes which will prove as a basis for any real estate transaction for a project developer, a house buyer, loan granting banks and insurers.
Keywords
Housing Characteristics, Transportation Facility, Hedonic Pricing Concept, Multiple Regression.- A Case Study on Production Enhancement of Precast H-Frames Using Conventional Formwork
Authors
1 NICMAR, Hyderabad, IN
Source
International Journal of Technology, Vol 5, No 2 (2015), Pagination: 169-172Abstract
Precasting might not be a new technique in the construction industry but it is gaining its importance with respect to Project schedule and costs. To create better and improved facilities, government has taken up many projects to complete in shorter duration. In the trial of completing the projects, engineers advise to opt the precast technology. Precasting may be defined as a process of casting the concrete elements away from actual construction to the required specification and dimensions and it is economical if the number of elements is in multiple hundreds. In this case study, precasting of H- frame is considered and it is as per defined scope. During the course of execution it was observed that the process was on time, but due to revised schedules, the productivity was low. But in the course of time the productivity was enhanced from one precast H-Frames per week to three precast H-Frames per day. This was possible only with proper site layout, proper site operations and proper stocking.Keywords
Productivity, Concrete, Pre-Casting.- A Case Study on Tunneling using NATM
Authors
1 NICMAR, Hyderabad, IN