ARCHITECT PREM NATH & ASSOCIATES
ARCHITECTS, INTERIOR DESIGNERS, P. M. C., TOTAL DESIGN GROUP
INDIA  -  MUMBAI,  NEW  DELHI,  AHMADABAD,  KARJAT
 

 

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NEWS

 

HOTELIER INDIA Magazine - publishes Ar. Prem Nath on it's Cover, as one of the FAB FIVE . . Read More

 

Ar. Prem Nath Concludes . . with his Outlook about 3D Printed Buildings . . Read More

 

Ar. Prem Nath's Green Township Published in Design Detail magazine . . Read More

 

Township Designed by Prem Nath for DG MAP projects at Delhi was inaugurated by Hon. Defense Minister A. K. Antony . .Read More

 

NDTV Profit awarded Prem Nath - "LIFE TIME ACHIEVEMENT AWARD For Excellence in Architecture" on 15th Dec. 2012. . Read More

 

INDIAN EXPRESS DEC. 5th 2012: PREM NATH & ASSOCIATES working on the DHARAVI REDEVELOPMENT. . . Read More

 

'Steel Structures & Metal Buildings' magazine writes about Prem Nath's FAST TRACK ARCHITECTURE in their BIG INTERVIEW . . Read More

 

Prem Nath's Eco-Friendly project published as a Cover Feature in 'Steel Structures & Metal Buildings' magazine . . Read More

 

Vasant Valley School in Delhi, designed by Ar. Prem Nath, won an award for Best 'day school' in the country . . Read More

 

Surfaces Reporter Magazine calls Ar. Prem Nath, the "Amitabh Bachchan". . More

 

Prem Nath featured in The Bibliotheque: World Wide Society. . More

 

Architect Prem Nath has ROCK-STAR image - Index Furniture Journal (IFJ). . More

 

Prime Minister Dr. Manmohan Singh & Mr. Lakshmi Mittal visits Ar. Prem Nath's Green Township at Bathinda . . More

 

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Affordable Housing is possible…- By Prem Nath

On the occasion of the Accommodation Times' 24th Anniversary & Annual Awards Presentation Function held at Nehru Centre Auditorium on 2nd March 2010; Ar. Prem Nath contributed his views to the symposium on “Affordable Housing”in the presence of eminent personalities like Shri. Pravin Doshi - President – Maharashtra Chambers of Housing Industry, Shri. Santosh Rungta - President – CREDAI, Shri Niranjan Hiranandani & Shri Biren Parikh- Ernst Young. Prem Nath voiced that Affordable Housing was the need of the hour & it would be an achievable goal if certain changes/ modifications were made in the existing situation, some of them are as follows:

  • The responsibility of Affordable housing should be taken up the Govt.

  • It (Govt.) should in-fact encourage the Public-Private Partnership (PPP) to carry out housing project.

  • Relaxation in approval norms and simplification in procedures to benefit/ promote such developments.

  • Additional FSI at concessional rates again to promote such developments.

  • Relaxation in various regulations & taxes like Service tax, property tax, VAT etc.

  • It should be treated as Infrastructure Projects, with Tax Rebate incentives

  • Funding should be with Low Interest rates

  • There should be subsidy on electricity and water-supply costs.

  • The government should provide fiscal incentives.

  • Providing Micro-finance to lower income group with an average ticketing size of Rs. 3-6 lakhsas the consumers usually don't have tax returns or salary slips.

  • With the example of the famous Wal-Mart super stores. Ar. Prem Nath explained how Wal-Mart became what it is today. Being the world largest consumer store, it sells quality goods to consumers at affordable prices; whether it is a boom or a melt-down. It works on massive procurement at low price, & sells at low margins but massive volumes makes Wal-Mart as the richest corporation.

  • Construction industry must get together in a corporate manner to cut down the cost of construction by adopting modular construction techniques, organized bulk procurement and also by reducing cost of marketing, advertising & finance etc. Further more, by cutting down the speculative profits to low profits. The profit lies in bulk procurement.

  • Similarly adopting Wal-Mart model, Real Estate Industry can form an enterprise with an agenda to provide Affordable Housing.

Ar. Prem Nath also added that there is a demand of 20million affordable homes having average cost of Rs. 2 million worth, makes 500 billion dollars of business. Mumbai alone has demand of one million affordable houses of about Rupees 2.5 lakhs croresof business opportunity for next 5 to10 years.


Prem Nath And Associates

Facing Gateway of India, Devidas Mansion, First Floor, 4 Merewether Road,
Colaba - Mumbai 400 001.Tel : 91-22-61122786 / 22020786 Fax : 91-22-22875150
Email : prempna@premnath.com

Web Sites : www.premnath.com

Architects Mumbai India, Architects Bombay India, Interior Designers Mumbai India, Interior Designers Bombay India