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Transit Architecture Time for a Drastic Change

Transit Architecture Time for a Drastic Change

Project Indo-Moroccan

Project Indo-Moroccan Design Izhaar, New Delhi, Altus Interio A luxurious and vibrant gifting boutique fusing with its core designs to showcase their products. Morrocan shades of blue and green have been married to the prominent Indian rani pink colour in the interiors. Shimmering gold mirrors are used further to accentuates the richness of the boutique. However, the highlight of the interiors is the ceiling, which is adorned with a beautiful wallpaper and has a rich amber colour Venetian glass chandelier lending drama to the otherwise luxurious interiors. The design theme adopted for interiors is ‘Indo-Moroccan’. Drawing inspiration from the two coubntries which are equally rich in design culture. Rich vibrant colours and intricately designed furniture and detailing are highlights of this luxury gifting boutique nestled in the heart of South Delhi. Rich colours like rani pink and turquoise have been extensively used in the interiors along with hints of gold to further accentuate its beauty. An exquisitely designed wallpaper adorns the ceiling with an amber colour chandelier which sets the mood. Rich velvet drapes lend that air of mystery. A beautiful Persian carpet anchors the free space. The bespoke furniture pieces exclusively designed only go on to enhance the luxurious and memorable experience that the brand Izhaar by core designs goes on to offer to its patrons. The open shelving has been highlighted with gold mirror. The pillars have been further beautified with rich gold carving on it. fact file: Project Name : Izhaar Location : Defence Colony, New Delhi Client : Anupam Bansal Design Team : Altus Interio Photographer : Deepak Aggarwal Altus is a Brainchild of interior designer - Aditi Sawhney with over 15 years of experience. The organisation has a design team consisting of at least half a dozen interior designers on regular payrolls and several more affiliated on a regular basis forms the core of creativity at Altus. The designs contemplated and proposed by the design team are brought to life at the in-house production facility where more than a hundred skilled craftsmen, artisans and workers are engaged regularly. This not only ensures that the highest level of product quality is maintained but also makes it possible to safeguard the exclusivity of designs which is the hallmark of the experience at Altus. 50 Architecture Update February 2018

Guest Article Trends in the Global Metal Market: 2018 Sandeep Dewan Entrepreneur & Financial Analyst, London The global economy is doing well. Growth already beat expectations this year and the global economy will continue to quicken in 2018. This sets the stage for a further strengthening of the – highly cyclical – industrial metal prices. Many economies in Asia (notably China) are settling into a more stable economic growth trend. That is good news, because this region is the epicentre of demand for industrial metals. Europe – accounting for a share of about 15% in the demand for industrial metals – is also a formidable customer. Economic sentiment in Europe is extraordinarily upbeat. The US presents a more mixed picture. Many confidence indices are relatively high, but sales of new-builds and cars remain comparatively weak. The experts expect the US economy to continue an upward trajectory in 2018. Chinese industrial metal imports have gone through peaks and troughs over the years. Import growth slowed sharply just after the 2008-2009 crisis, and has remained relatively low since 2014. This flattening growth is related to the cooling of the Chinese economy and China’s transition from an investment-driven to a consumption-led growth model. Despite the ongoing cooling of the Chinese economy, China’s appetite for industrial metals remains high, especially because of the relentless urbanisation trend and the proposed mega-investments in infrastructure. Given that China consumes about 50% of all industrial metals, it will continue to stamp its mark on industrial metal trends for the time being. According to the ABN AMRO report, the European steel sector is benefiting from the revitalised activity in the construction sector. Although steel construction is relatively limited in Europe, the sector remains an important customer for steel products in this region. The higher scrap price has also inflated the costs for manufacturing high-grade steel. This, too, has contributed to the higher steel prices. We assume that the price of steel in Europe can advance further in the fourth quarter, historically a strong period for demand. The steel price in Europe rose by 10% this year versus an average gain of 16% in China, Latin America and Russia. In the US, however, the steel price fell by 2%. Investment growth in US infrastructure works was unexpectedly subdued, which deflated sentiment. India holds a fair advantage in cost of production and conversion costs in steel and alumina. Its strategic location enables convenient exports to develop as well as the fast-developing Asian markets.India currently produces around 95 minerals which mainly include 10 metallic, 23 nonmetallic, 3 atomic, 4 fuels and 55 minor minerals. Rise in infrastructure development and automotive production are driving growth in the sector. Power and cement industries are also aiding growth in the metals and mining sector. Demand for iron and steel is set to continue, given the strong growth expectations for the residential and commercial building industry. Infrastructure projects continue to provide lucrative business opportunities for steel, zinc and aluminium producers. India’s infrastructure sector is expected to grow at a CAGR of 35.65% over the period FY 2008-25. In the Union Budget 2017- 18, the Government of India has allocated US$ 62.16 billion for infrastructure. Iron and steel make up a core component of the real estate sector. Demand for these metals is set to continue given strong growth expectations for the residential and commercial building industry. Total housing shortage in the country stood at about 18.78 million at the start of the Twelfth Five Year Plan. This provides a big investment opportunity for residential building construction in coming years. As for the domestic demand-supply scenario, consumption of the three key non-ferrous metals viz. aluminium, copper and zinc, registered 6-7% growth across in Q1 FY2018. This coincided with a period when domestic production of aluminium grew at a higher annualized rate of 8% and there was a large domestic surplus of aluminium, which had to be exported. Going forward, while consumption of aluminium is expected to improve in the current financial year, surplus availability will persist, as domestic capacity is high, and manufacturers are expected to operate the plants at a high asset utilisation level. This would lead to large export volumes. Increasing exports, however, would have an impact on margins, as typically export realisations are at a discount compared to domestic prices. On the other hand, production growth of copper and zinc were muted due to capacity bottlenecks. Hence, although the domestic market for these two metals continues to remain in surplus, as consumption increases,more of these metals are being absorbed in the domestic market. Architecture Update February 2018 51

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