☕ Computed concrete

Good morning, here's an exothermic fact. For every tonne of cement manufactured, at least one tonne of CO2 is released into the atmosphere - accounting for around 8% of annual global emissions.

That’s when they brought in Artificial Intelligence. Scientific blokes recently trained a generative AI model on environmental impact data and a small public dataset. 

Using semi-supervised learning, the model sought out concrete formulas that deliver: 

1️⃣ lower carbon footprint 

2️⃣ significant compressive strength and 

3️⃣ similar durability and other qualities.

Results showed that these new ‘intelligent’ concrete formulations could cut the global warming potential in half, when compared to other formulations with similar 28-day strength. 

Now to AI our coal fired power plants…

🌞🥝🧃🧃 

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xRE ESSENTIALS

Beam Me Up: The Top 5 Metaverse Tech Strategies

The uncharted terrain of the tech age, the disruptor, and new playing field rolled into one. 

The Metaverse has many epithets attached to it, but if you’re a serious business, you’re undoubtedly embracing this parallel universe as we write this.

Here then, are some strategies worth noting:

🌐 Business First, Tech Later - Put business and customer strategies first and then follow it up with tech. Once you figure out what you want to do with your services/products, you can think of ways to use Metaverse to make it immersive for customers/associates.

🌐 It is always people-first - People are still indispensable. Understand how they are going to use the Metaverse. Account for risks across legal, environmental and other spheres.

🌐 Liberally share expertise - Leading tech players should liberally share their expertise, helping create digital assets which may be used by organisational players simultaneously. Digital libraries, VR, AR- there’s a lot to be tapped. Helping everyone make sense of the Metaverse is good for business.

🌐 Don’t put off planning - Work out use cases, opportunities, and scenarios before identifying the people and technologies you’ll require. Be it Microsoft Mesh, Unreal Engine 3D or other tools, identify specific needs first. Invest in bulky new tech only after careful planning.

🌐 Take vendors along - More and more vendors are integrating Metaverse-ish product experiences. Consider how your current vendors can support or add such experiences going forward. Understand their blueprints.

With these strategies in your arsenal, your business is in ship shape to call for Scotty's beam-up service. 

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CONVENTION

It's Game On For The J&K Realty Summit 22

Heads Up: J&K Lieutenant Governor Manoj Sinha recently chaired a pre-event meeting for the next Real Estate Summit at Srinagar (possibly in August). 

He directed CREDAI and the UT officials to highlight affordable and high-quality housing infra in J&K. The focus is on well-equipped and eco-friendly housing this time. CREDAI is also playing an active role in various spheres of the UT's real estate market. 

FYI, the debut edition of the summit took place last December in Jammu. 

💡 Amongst numerous MoUs, NAREDCO inked one with the Government for skilling 10,000 workers, plus 1,000 EWS and 150 HIG/MIG units were also launched at the convention, under PMAY schemes. 

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INDUSTRIAL

Storage Wars: Indian Warehouse Leasing Spikes In Q1, 2022

The sun may be shining brightly on India’s industrial and warehousing space at last. 

Reports confirm the following:

🔼 Grade-A industrial and warehousing facilities aced Q1, 2022, touching 6.2 million sq. ft. of leasing across the top-5 cities. YoY growth stood at 11%.

🔼 Third-party logistics players accounted for 50% of absorption, followed by engineering and automobiles at 17% and 12% respectively.

🔼 Delhi-NCR had 28% of leasing activity while overall vacancies came down to 9.8%.

🔼 Big-ticket deals accounted for 91% of overall leasing, again led by third-party logistics entities.

🔼 The Luhari area saw the highest activity, while Pune contributed 26% to leasing volumes.

🔼 Deals above 100,000 sq. ft. accounted for 80% of leasing volumes.

🔼 Average deal size went up to 1.1 lakh sq. ft.

Good tidings all around 

Developers are now planning to stick to built-to-suit templates. E-commerce and logistics companies are taking up bigger spaces in Tier-1 cities. Both trends augur well for the sector in the near future. 

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Only a measly 9 cases out of 223 debt-laden real estate companies admitted for resolution under the Insolvency and Bankruptcy Code (IBC) until September 2021 have been resolved, a study by advisory firm Grant Thornton Bharat has revealed.

This represents just 4% of cases accepted. 

But no worries because that's probably much higher than the percentage of hospital beds with working oxygen concentrators across India. 

Tomorrow is another day. We will be back with a new set of numbers. 💚

☕ The Crew@Ginger Chai

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