Mortgage lender’s successful partnership with Russell Real Estate Services expands to offer comprehensive client services in Cleveland, Ohio.
NewRez LLC (“NewRez”), a national mortgage lender, announced today the formation of a new Joint Venture mortgage company to be added to its network of partners. NewRez and Shelter Mortgage Company, LLC (“Shelter Mortgage Company”), the NewRez business division focused on JV lending, have partnered in this venture with Russell Real Estate Services, a long-standing family-run business serving the greater Cleveland, OH area. The name of the new Joint Venture lender is Your Home Financial (“Your Home Financial”), and will be led by Paul McKelvey, currently an Area Sales Manager with NewRez.
The creation of Your Home Financial combines the expertise of some truly seasoned industry players in their respective lines of business. Russell Real Estate Services was founded in 1962 and has over 650 agents on its team today. Shelter Mortgage Company brings more than 30 years of experience in creating successful and profitable Joint Ventures to the partnership. Like all successful JVs, this one will offer buyers more options and services through a single source.
“At NewRez, we take great pride in our Joint Venture partnerships and only seek out those who we believe will make a positive impact on our respective businesses as well as the client and agent communities they serve,” says Randy VandenHouten, SVP, Joint Venture & Retail Lending, NewRez. “The Russell Real Estate Services team has demonstrated extraordinary leadership and we believe the partnership will exceed performance expectations in the mortgage space.”
“The innovative Joint Venture model offered by NewRez and Shelter Mortgage enables us to offer our clients a complete menu of mortgage services from an established platform and the credibility to achieve success in the mortgage business,” said Jeff Russell, COO Broker/Owner. “We look forward to expanding our services in the Cleveland area with Paul and his team, and making Your Home Financial a trusted resource for homeowners.”
About NewRez LLC
NewRez LLC (NewRez), formerly New Penn Financial, LLC, is a leading nationwide lender that focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 49 states, NewRez is headquartered in Plymouth Meeting, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of Joint Venture partners. NewRez is a Shellpoint Partners company and a member of the New Residential Investment Corp. family.
About Shelter Mortgage Company
Shelter Mortgage Company, LLC (Shelter) is a leading retail residential mortgage originator predominantly focused on conforming purchase money loans generated through relationships with realtors, builders, and relocation companies. Founded in 1984 as a subsidiary of a community bank, Shelter has loan officers across the country with over 25 joint venture and partner relationships in over 30 States. Shelter has built a strong platform via its differentiated, partnership-based origination model, focus on purchase money originations and compliance-oriented culture.
Global Real Estate Virtual Tour Software Market 2019 by Company, Regions, Type and Application, Forecast to 2024 is a statistical surveying report that focuses on the development factors improving or hampering its advancement, application in the different fields, major organizations, veritable certainties, monetary circumstance, and geological examination. It discovers the product price, specification, financial and technical details, and research methodologies to help businesses expand their market operations. It guides through various segments with Real Estate Virtual Tour Software market size status and forecast 2024.
The research report classifies fragments and examines the sub-portions of the global markets by brands, type, application, and leading manufacturers in topmost regions using top-down and bottom-up approaches. The study report tracks the market events such as product launches, market ups, and downs in terms of volume US$ (mn) and volume (units) for a period of 2014 to 2024, besides, it also explores development activities related products, advancements, and technologies used in this field. The measurable examination of the market investigates the supply, request, generation, support, and capacity expenses of the item.
For geography segment, regional supply, application-wise, and type-wise major players, demand, the price is presented from 2014 to 2024, covering: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
For product segment, this report focuses on the status and outlook for product types. The types are: Cloud Based, Web Based
For end use/application segment, this report focuses on the status and outlook for key applications. The main applications are: Large Enterprises, SMEs
For competitor segment, the report covers the following global Real Estate Virtual Tour Software market key players and some other small players. The companies include: Paradym, VisualStager, Fusion, immoviewer, TourVista, TourWizard, VirtualTourCafe, Cupix, Eye Spy 360, FlyInside, Geocv, iGuide,
What Will You Receive From This Report?
The report gives statistical analysis on current and future status of the market with projection to 2024
The report discovers the key drivers, technologies, and trends shaping the global Real Estate Virtual Tour Software market in the upcoming period
The report includes sufficient counter plans and methods to realize the competitive advantage of trade.
The report provides comprehensive market segmentation broken down by type, end-user, and region
The report offers strategic perspectives on market dynamics, production process, and applications
The report adds technological innovations and pinpoints analysis for ever-changing competitive dynamics
The market size for key players and sub-segments is normalized, and the effect of inflation, economic downturns, along with regulatory & policy changes or other factors are accounted in the market forecast. In conclusion, our report gives detail analysis of the key parameters such as yearly market growth in order to have complete information about the future of the worldwide Real Estate Virtual Tour Software market. The information will help new enters to identify future huge opportunities. Additionally, the report studies the complete value chain and scrutinizes its downstream and upstream essentials.Mersin escort.
Ranked first in the second round of selection of 13 smart cities, Lucknow smart city project commenced from 2016 with the formation of Lucknow smart city limited, the special purpose vehicle (SPV).Within four years of the launch of smart city mission, Lucknow is in the progress of transforming the art city to smart city, writes Sreetama Datta Roy and Arpit Gupta of Elets News Network (ENN).
Lucknow, the City of Nawabs is rapidly transforming towards a Smart City with focus towards a sustainable urban development. Ranked first in the second round of selection of 13 Smart Cities, Lucknow Smart City project commenced from 2016 with the formation of Lucknow Smart City Limited, the Special Purpose Vehicle (SPV).
With a primary aim to transform the Art City to Smart City, the SPV identified the potential areas of challenge and addressed the issues on a priority basis. Darashaw & Co. Pvt. Ltd., the official consultant of the Lucknow Smart City Limited created an action plan which was executed by the city officials and urban planners.
The Lucknow Smart City not only helps in developing the city’s infrastructure, but the focus is on a sustainable and all inclusive development plan.
FOUR PILLARS OF LUCKNOW SMART CITY – THE STRATEGIC PLAN
The four pillars on which the base of Lucknow Smart City’s strategic plan is laid are:
Jeevant Lucknow (Livable Lucknow): Providing better and sustainable infrastructure facilities to citizens.
Sugam Lucknow (Mobility Lucknow): Improvising the new age transport and mobility factorising the day-to-day life of citizens through technologically enhanced Integrated Traffic Management System (ITMS), Smart Mobility Solutions among others.
Lucknow (Clean Lucknow): Improving health, hygiene and sanitation practices for maintaining the wellness quotient for city’s citizens.
Samruddh Lucknow (Prosperous Lucknow): Ensuring prosperity through leveraging on the historic city’s heritage, culture, handicraft, cuisine and connectivity to develop tourism which would further facilitate direct or indirect employment.
Describing further on the smart mobility systems planned in the city, Dr Indramani Tripathi, Municipal Commissioner, Lucknow Municipal Corporation & Chief Executive Officer, Lucknow Smart City Limited says, “The ITMS would enable junction improvement, intelligent traffic signals using traffic sensors. There is a provision of variable message signs, pelican crossing, augmentation on and strengthening of the existing command centre.”
He also adds, “There are smart solutions for existing parking spaces, an electronic ticketing system and ICT for city bus services. There is also provision for a GPS-based bus tracking system (automatic vehicle tracking system), CCTV cameras on board, on board display panels, automatic fare collection system and bus operation command centre, smart bus shelters, passenger information system, ticket vending machine and water ATMs.”
Innovative measures introduced for transforming Art City to Smart City
According to the Lucknow Smart City Limited CEO, a number of projects are underway which contributes towards the vision of the Lucknow Smart City. The projects are classified into three categories based on the means of finance, which are Smart City Mission only (SCM), Public Private Partnership (PPP) and Convergence.
The projects which have already been completed and implemented are based on IT/ICT, waste management, power generation, energy conservation among others.
IT & ICT INNOVATIONS BY LUCKNOW SMART CITY
WiFi Hotspots – Under the complete SCM projects, Lucknow Smart City Limited has installed WiFi hotspots across areas like Jhandewala Park Aminadab, Kargil Shaheed Park, Jhandi Park, Lal Bagh, Butler Park, Rampal Singh Park and Gandhi Setu to Ambedkar Setu, River Front.
ICT for Bus Services – Within this project, GPS devices have been installed in all the buses of the city. The implementation of the ICT solution software has been made to improve the quality of transportation services. This further facilitates access to realtime arrival information to commuters. Lucknow Smart City Limited has installed City Bus App ‘CHALO’ in January this year.
One Lucknow Unified Smart Mobility Card – The One Lucknow Unified Smart Mobility Card enables citizens to use a single card at all the mobility locations including City Bus, Metro and City Parking etc. Lucknow Metro Rail Corporation has introduced unified mobility card for metro services which is integrated to services of Uttar Pradesh State Road Transport Corporation (UPSRTC) and Lucknow City Transport Services Limited (LCTSL).
Safety and Surveillance Measures – Within this project, PTZ and CCTV cameras are installed across the city under the flagship project ‘Drishti’. “One PTZ camera and five CCTV cameras have installed in ABD area. Further SP MCR had identified 10 locations of which one falls in ABD area and sent to Reliance for installation of cameras free of cost,” states Lucknow Smart City Limited.
WASTE MANAGEMENT INITIATIVES
Integrated Solid Waste Management System – Under this project, door-todoor collection of Municipal Solid Waste (MSW), Secondary Waste collection from designated points, Transportation of MSW from secondary collection points to Process Plant, O&M of Process Plant to produce Compost & RDF and setting up a 15 MW Waste-to-Energy Plant using RDF as fuel are enabled.
Portable Compactor Transfer Station (PCTS) – A Portable Compactor is an integral Unit installed on street corners for localised garbage collection, comprising of a Compactor and a Container Body Mounted on a frame with rollers and is designed to be transported by specially designed Hook Loader Unit, which is driven to the dumping ground/processing plant for discharge of compacted garbage.
Waste ATMs – In an innovative measure, the Lucknow Municipal Corporation has installed Waste ATMs in eight locations across the city where people can deposit trash in the designated green and white kiosks and get Re 1 per plastic bottle, Rs 2 for a glass bottle, 50 paisa for a can and 20 paisa per wrapper, paper/cups.
Roof Top Solar Panel – This project envisages installing 178 KW roof top solar power plant at Veerangana Avanti Bai Women Hospital and selling the power generated to the hospital at a tariff of Rs 3.91 per unit.
Energy Efficient Street Lighting – Installation of energy efficient street lighting is managed based on real time requirement of light and automated controls that make adjustments based on conditions such as occupancy or daylight availability. The smart project also does real time tracking and management of street lights, automatic lighting and adjustment based on human presence and delivers automatic status updates or failure alerts to remote servers.
PROJECTS IN PIPELINE
There are several projects in pipeline which are either in progress of tenders have been afloat. Some such projects are Integrated Traffic Management System (ITMS), Smart Parking, Smart Metering, improving sewerage and drainage systems, restoration of heritage building to name a few.
The Lucknow Smart City Limited and Lucknow Municipal Corporation are analysing each project in pipeline and coming up with tentative timelines.
Way Forward towards a Smart yet Sustainable Lucknow
According to Sanyukta Bhatia, Mayor, Lucknow, while the Government is being instrumental in implementing policies and plans towards Smart City Mission and has launched campaigns like Swachh Bharat Abhiyan, it is for the citizens to maintain a clean and sustainable ecosystem. She emphasised that the awareness should be there within the people and the zeal to keep the city clean and beautiful should be within the very conscience of the people. “We aim towards an all inclusive development and without the cooperation of all citizens, we cannot achieve our goal,” Bhatia says.
12 July 2019: The research network Southern Voice launched six SDG case studies at an event on the sidelines of the 2019 session of the UN High-level Political Forum on Sustainable Development (HLPF). The case studies are part of Southern Voice’s ‘State of the SDGs’ research initiative, and focus on three of the global Goals: SDG 4 (quality education); SDG 7 (affordable and clean energy); and SDG 8 (decent work and economic growth).
The six country case studies explore experiences with implementing these Goals in Bolivia, Ghana, India, Nigeria, Peru and Sri Lanka. The Bolivia case study illustrates the country’s challenges in monitoring education outcomes (SDG 4), and assesses the synergies and trade-offs between access to education and other development progress. For example, gains in school attendance have not contributed to reducing poverty (SDG 1) nor to reducing income inequality (SDG 10). Further, although education returns are almost twice as high for women than for men, women typically earn less than men for all levels of education.
The Ghana case study examines the role of development partnerships in supporting the country’s progress towards clean and affordable energy for all (SDG 7), and underscores how progress in this area can contribute to other SDGs, including SDG 13 (climate action). The case study finds that carbon dioxide (CO2) emissions are projected to increase to 13.3 million metric tons if Ghana’s rural areas continue to use polluting household fuels. The case study also highlights differences in clean energy use between urban and rural areas in Ghana; in rural Ghana, only 6% of households use clean fuels for cooking, compared to 35% of urban households.
The India case study examines the conditions that prevent women from accessing decent and equal employment (SDG 8). It underscores the role of social structures in perpetuating gender discrimination in India. The case study finds that access to education does not shape women’s entry into employment; rather, their participation in the labor market is limited by social norms and safety conditions in public spaces. For example, when a family’s income rises, women are discouraged from working; marriage, motherhood and care responsibilities also restrict women’s access to the labor market.
The Nigeria case study analyzes the impact of conflict and violence on SDG 4, finding that violence causes students and teachers to flee their homes. The case study underscores the difficulties in quantifying education challenges for internally displaced children, nomadic peoples and the disabled, who are often excluded from education and are not included in data.
The Peru case study focuses on education and employment, finding that some groups have benefited less from access to education. As students in Peru advance between grades, female students lag further behind.
The Sri Lanka case study examines the impacts of global adoption of advanced technology on the national labor market, including economic shifts and potential job losses. The case study emphasizes that workers with higher levels of expertise and knowledge are less likely to be replaced by technology than workers with only manual skills.
In a keynote address at the launch event on 12 July 2019, former President of Costa Rica Laura Chinchilla said progress on the SDGs will come “from working with the people and not just for the people.” Southern Voice presented the country case studies for participants’ consideration. The discussion focused on leaving no one behind, synergies and trade-offs, and global systemic concerns in Africa, Asia and Latin America. Southern Voice will reflect the event conclusions in the forthcoming ‘Global Report on the State of the SDGs,’ which will be launched in September 2019 on the sidelines of the SDG Summit.
Southern Voice is a network of more than 50 think tanks from Africa, Asia and Latin America, which serves as an open platform for discussing the 2030 Agenda.
A fraud ring with Nigerian roots is leveraging the Department of Homeland Security’s procurement operations to steal thousands of dollars worth of IT gear from vendors, according to a report by the agency’s inspector general.
Fraudsters based in the U.S. and in Nigeria, according to a report issued by the DHS OIG on July 16, have been masquerading as DHS and other federal agency procurement officials to issue fake bid solicitations to commercial IT equipment vendors.
The OIG said it became aware of the scam last July, when it discovered members of a criminal ring based in Atlanta impersonating a DHS procurement officer to get shipments of computer equipment.
Referencing legitimate DHS solicitations for laptops, hard drives and smart phones and using the name of an actual DHS procurement official, said the report, the crooks faxed or emailed bogus orders to federal contractors across the U.S.
The crooks used spoofed government email addresses that were close to actual federal addresses, but slightly off, such as “rrb-gov.us,” according to the report. They also used headers ripped off of legitimate federal government emails, but the reply line used a slightly warped, non-governmental address, it said. In some cases, it said the group also refused to communicate via email and insisted on fax communications.
Leveraging the phony RFQs and other tactics, the group had vendors ship IT equipment to vacant commercial buildings. Once the equipment arrived at those desolate locations, the OIG said the group’s ringleader decided whether to resell the gear in the U.S. or ship it to Nigeria.
The vendors were left holding the bag for the loss.
The OIG said it found the gang was also using the scam to steal equipment not only from DHS, but also from other big federal agencies, including the Departments of Commerce, Defense, Housing and Urban Development, Justice, Labor and Transportation, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission. The group even targeted the relatively tiny Railway Retirement Board.
Some of the buys, it said, were worth “hundreds of thousands of dollars.”
The OIG advised vendors to protect themselves by getting agency procurement officers’ telephone number and use them to confirm that an RFQ is legitimate. It also advised vendors to carefully scrutinize email address and to be wary of “purported procurement officials” who steer clear of email communications in favor of faxes. Typographical and grammatical errors, it said, should also set off alarm bells.
RACINE, Wis. — In this old manufacturing city that supported Hillary Clinton in 2016, dislike for President Donald Trump runs wide and deep. Images of crying children at the Mexican border typically serve as Exhibit A on the list of grievances that Democratic voters cite against the president.
Many of those voters also express strong views opposing illegal border crossings, often rooted in their own family stories of coming to America. If you want a chance at the American dream, they say, you should play by the rules.
“I think everybody should come in the right way, just like our ancestors did,” said Christy Cowles, 59, a retired city worker who is a fan of Sen. Bernie Sanders.
Voters like Cowles present a conundrum for Democrats on the sensitive topic of immigration. While many Democrats express a desire to ease the way for aspiring immigrants, party leaders also worry that an immigration agenda that shifts too far left could alienate voters in tightly contested states like Wisconsin, ranging from avowed liberals like Cowles to coveted swing voters.
In the first round of Democratic debates in June, candidates staked out aggressively liberal positions on immigration, with near-unanimous support for decriminalizing illegal border crossings.
The idea was first advanced by Julián Castro, a former secretary of Housing and Urban Development, who is among those scheduled to be onstage Wednesday night in the second set of debates. Jeh Johnson, the head of homeland security during the Obama administration, criticized the concept as tantamount to permitting open borders. Since then, another candidate, Sen. Cory Booker of New Jersey, also slated to appear Wednesday night, said he would virtually eliminate immigration detention.
In a sign of the escalating concerns within the party, several Democratic governors this month expressed alarm about open-borders rhetoric. And a document recently circulated to House Democrats from party consultants advised a more moderate approach — suggesting the party emphasize a path to citizenship for unauthorized immigrants who “work hard and pay their taxes” but also stress the importance of secure borders.
“Beyond policy, the best frame on immigration acknowledges the problem and talks about solutions — both addressing border security and a path to earned citizenship,” read the memo, which was addressed to the Democratic Congressional Campaign Committee.
A recent Gallup poll found that immigration tops the list of issues that Americans view as important. Trump’s demands for a wall at the Mexican border, as well as tighter restrictions on immigration, have emerged as an emotional issue in the presidential campaign. The president and his supporters have called Democrats soft on enforcement; Democrats counter that the wall and inhumane treatment of those seeking asylum are antithetical to core American values.
There are few places where the topic is more contentious than in Wisconsin, a swing state where it has been used as a cudgel against Democrats, even in local races for positions with no role in federal immigration policy.
Rob Grover, a Democrat who ran for the state Assembly last year, said he was surprised when a flyer paid for by the Wisconsin Republican Party suggested he wanted to abolish Immigration and Customs Enforcement. Grover, who describes himself as conservative on immigration issues, said he had never expressed such a view. He lost his race in western Wisconsin.
Immigration has also emerged as an issue in other state races, with right-leaning appeals that appear designed to inflame anti-immigrant passion, according to Ben Wikler, chairman of the Wisconsin Democratic Party, who blamed huge last-minute spending around immigration and other issues for defeating the Democratic candidate in this year’s Wisconsin Supreme Court election. Special interest groups on both sides of the race reported spending more than $4 million in an effort to sway its outcome.
With its Democratic city center and a surrounding rural area that skews Republican, Racine County often swings from one party to another, serving as a national bellwether in predicting the outcome of presidential races. In 2016, the county voted for Trump.
And in this swing district, some local Democrats have speculated that immigration helped torpedo their efforts last year to win the congressional seat held by former House Speaker Paul Ryan, according to Fabi Maldonado, a Racine County supervisor and immigration advocate.
The Democratic candidate, Randy Bryce, had been arrested while protesting Ryan’s position on Deferred Action for Childhood Arrivals, which delays deportation and allows work permits for immigrants brought into the country illegally as children.
“There was internal fighting in the Democratic Party over whether he was too open about supporting illegal immigration,” Maldonado said. “Some of that might be true, but you have to be for immigration rights if you want Latinx voters to turn out.”
Cowles, the retired city worker, said that her forebears arrived in Racine a century ago from Yugoslavia, Czechoslovakia and Germany, joining a wave of European immigrants who settled this lakefront city 30 miles south of Milwaukee. African Americans arrived during the Great Migration and, more recently, the Latino population has swelled to about 20%. The city has largely embraced its multiethnic mosaic. Tortillas are sold on the same block as kringles, the Wisconsin state pastry introduced by Danish immigrants. The Racine City Council recently endorsed the idea of permitting driver’s licenses for unauthorized residents.
Interviews with more than a dozen Democrats and left-leaning voters revealed disagreement on immigration. Some favored more relaxed policies and others urged caution, recalling stories passed down through generations about how their ancestors struggled to find sponsors before arriving on Ellis Island.
Kevin Hughes, who retired from a factory that makes shampoo, said he favored more liberal policies. “Everybody is going somewhere else to try to make a better life for their family,” said Hughes, 59. “Why would you want to criminalize that?”
Maria Haenel, 35, who was born in Illinois to Mexican parents, held a similar view. “Even if immigrants that have come over the border, even if they don’t have papers, they should be given a chance to get a work visa, or a student visa, or some type of help to stay here and be able to live the American dream,” said Haenel, a caregiver for older adults.
Yet some members of Racine’s Mexican American community said they worried about opening up borders too liberally. Lewis Mendoza, 68, takes pride in the contribution of Mexican people to the Wisconsin economy, particularly in the dairy industry, where a high percentage of workers are believed to be unauthorized.
“There was a time when blue-eyed, blond-haired people did that job,” said Mendoza, a Democrat who voted for Clinton. “You don’t see any white people anymore. It’s all Mexican people. What are you going to do if you send them back?”
But Mendoza, a veteran who has worked as a dishwasher in Racine restaurants alongside unauthorized workers, also expressed skepticism about migrants who enter the country illegally. “As far as just jumping over a fence or something, I don’t know about that. I’m a little leery about that,” he said.
Racine is known for its ethnic festivals, many held on the shore of Lake Michigan.
A lakefront fair last week sponsored by the Roma Lodge, an Italian welfare association, featured fireworks, Frank Sinatra music and a dinner of mostaccioli and ravioli. Jim Faraone, a former board member of the organization, was in charge of selling lottery tickets to raise money for local health charities.
Faraone, a Vietnam veteran, is a swing voter, having supported both Barack Obama and Clinton, but also Ryan, a Republican. He also expressed skepticism about an overly broad border policy.
“They shouldn’t be here unless they came in legally; it’s the only way,” said Faraone, 77, whose father immigrated from Italy and developed the home building business that Faraone later operated. Echoing Trump, Faraone expressed fear that other countries were offloading “murderers and other criminals” into the United States.
Ginny Ziolkowski, 70, also said she swung from one party to another, most recently supporting Obama and Clinton, but before that President George W. Bush. As for Trump, “I personally can’t stand him,” she said as she took in the view at Racine’s lakefront.
But Ziolkowski, whose husband was a Racine County executive — a lakefront park here bears his name — said she leaned conservative on immigration issues and opposed providing health care benefits to unauthorized migrants, another idea some candidates endorsed during the first debates. It’s clearly an issue the Trump campaign thinks works in its favor; on Tuesday, it released a new advertisement blasting Democrats for supporting the idea.
“I feel they need to come in legally if they want to live here,” Ziolkowski said. “And they should not be getting education, health care and other benefits.”
You don’t need a green roof, a vertical garden or a green wall to live in a green building.
Climate change will not destroy the earth. The planet will go on for millions of years, long after human life has expired but climate change, however, can destroy the species of life on earth that cannot adapt fast enough to new and changing conditions.
This entire process of building design that reduces the harmful effects on our health and environment is known as green architecture or green design. Green architecture is a sustainable practice of green building design which is designed and constructed with keeping the environmental standards in mind.
Today, we find ourselves at a crossroad on making choices about architectural standards, building materials and new construction, along with the operation and maintenance of buildings, account for a considerable sum of the total greenhouse gas emissions.
Knowing this reality, architects are supposed to carry the responsibility of building properties without deteriorating the planet’s environmental structure or depleting its resources any further. Sustainably designed buildings aim to lessen the impact of greenhouse emissions on our environment through energy and resource efficiency.
Sustainability presents itself as a unique challenge in the field of architecture construction projects typically consume large amounts of materials, produce tons of waste, and often involve weighing the preservation of buildings that have historical significance against the desire for the development of newer, more modern designs.
Increasing CO2 emissions are believed to result in irreversible changes in the global climate and the global environment, the consequences of which are hard to predict, but which are believed to impose tremendous economic cost of mitigation and adaptation, if not catastrophic effects on the human future.
Green Homes illustrates the multiple environmental, economic and social benefits arising from a transition towards energy-efficient housing. It outlines the required institutional changes and provides some basic principles for successful policies.
For a world aiming towards a balanced and inclusive green economy for sustainable development, Green Homes is more relevant than ever today. In spite of the sustainability and affordability benefits of Green Houses, the progress made by Nigerians and the Nigerian government is so little compared to advanced nations where Green Houses and allied concepts are very popular.
The concept of Green Houses has become very significant just as the waves of green movement are sweeping across the world. Apart from benefits that such houses promise to the environment, they are cost-effective and would lead to a more sustainable economy.
Making cities smart will take time and effort. It is critical to create a policy and regulatory environment that enables all the stakeholders. This shall be a nuanced approach to a smart, and yet sustainable roadmap for urban development, emphasizes Deepak NG, Director Innovative Business & Global Affairs, Dassault Systèmes, in an exclusive interview with Geospatial World.
What are some of the major challenges that lie towards transitioning to a smart city and what are the ways to overcome them?
With growing globalization and urbanization, development of smart cities has turned out to be a necessity. But converting a constructed city into a smart city comes with several challenges that need to be addressed at the earliest. Major challenges that lie ahead of smart city development are that the traditional methods and techniques of urban planning are outdated and can’t be implemented. Along with this, the challenges of available resources, required skill sets for smart city planning and development, unavailability of infrastructure and the coordination and collaboration between multiple stakeholders poise severe challenges to smart city developments.
To build a modern day smart city we need smarter designing techniques to guarantee success and resourcefulness of the city. Proper designing and simulation of the essential infrastructure need to be taken with the utmost priority as the infrastructure will lay the foundation of a smart city. 3D modeling and simulation should be used to test the prototypes virtually before they are passed on to the construction phase. Deployment of advanced technology solutions and its integration will be the key to maintaining collaboration between several stakeholders.
What should be done to encourage a broad collaboration between decision-makers, technology providers and all other smart city stakeholders?
Today, if you look at any department or government office they have adopted one or the other technology to support day to day activities, it’s becoming very important that we reduce standalone methods which is resulting in delays. While there are many service providers offering best in class technology, decision makers are struggling with too many data maintained in an unstructured environment. Thus, a collaborative platform which can host and integrate different applications to meet the current need of Smart city requirement is essential. For example, many startups and technology companies are coming up with very good quick start applications but they are implemented in silos. If we can integrate and provide one single dashboard for all the stakeholders will result in a single source of truth, which will help in cost reduction, fewer prototypes, timely delivery and faster decision making.
What is the future of smart cities and how to enhance our technological capability and preparedness?
The notion of smart cities is always perceived as what the future will look like, but it is not the sole purpose for the inception of smart cities. Rather requirement of sufficient water resources, universal access to clean energy, adequate transportation facilities and sense of security are some of the major reasons behind the emergence of smart cities in India. With the rapid increase in urbanization, it is expected that by 2050, 66% of the world’s population will move into urban areas, thus posing a serious challenge for city planners to make available the basic amenities and resources to the population.
Smart Cities coupled with the latest technology innovations have been heralded as the key to tackle the challenges posed by rapid urbanization. Smart cities create a place where everything is connected and technology operates behind the scenes to ensure that all the elements of daily life run smoothly.
Smart technologies such as a municipal network of optical fiber, free Wi-Fi, routed street lighting and sensors to monitor air quality would help smart cities evolve more and serve the society as a whole. Technology innovations in the engineering and construction space provide an extra mile for the successful establishment of a smart city.
3D city, data analytics, simulation have helped the smart city project managers in collaboration and management of the complex projects. One of the major contributions of technology to the cities of the future is the relevance of the bundles of data that needs to be analyzed for customization and more viability of smart cities.
Talking specifically about India, which is an emerging economy with a rapidly urbanizing population, what, in your view, is the way forward for the country’s ambitious smart city project?
Making cities smart will take time and effort. It is critical to create a policy and regulatory environment that enables all the stakeholders. This shall be a nuanced approach to a smart, and yet sustainable roadmap for urban development. Smart cities need to be sustainable as well in order to ensure successful returns on investments made in developing them. It is projected that developing smart cities will demand substantial investments, which will be locked in for the long term, and in turn, shape India’s urban future. Without an urban development policy and an urban planning framework, private sector dominance at this juncture of urbanization is indeed a challenging situation.
IoT and 5G would be the bedrock of smart city and interconnectivity would be crucial for all the vital services in a smart city, ranging from healthcare to transportation. Do you think a virtual 3D model can provide a better overview and help identify the lacunae and the shortcomings if any?
IoT and 5G are anticipated to be the key buildings for smart cities for quite some time now. 5G and IoT are interconnected in the context of smart cities. 5G can benefit smart cities by improving connectivity and supporting IoT technology expansion through sensors and other connected devices. 5G will also allow other IoT devices with seamless connectivity in smart city domains such as transportation, energy and water resource consumption, healthcare and public safety. In the future, we may also see that the proliferation of the IoT and the impending development of 5G connectivity will open the floodgates for smart cities.
Though 5G and IoT are going to be necessary elements for smart cities, the virtual city or virtual model of the city is still the core for laying the foundation for any smart city project. 3D models of cities are useful for planning environmental analysis, managing transportation sector, risk management and visualizations of proposed new developments.
With an intelligent platform with applications like modeling, simulation, governance and so on, planners can make informed decisions for a smarter and more sustainable world. Thus, a virtually constructed and virtually monitored city can help in addressing not only the complexities one faces while building a city but also the behavior of the smart cities once they are inhabited.
What are some of the smart city projects that you are working on currently?
In India, we have worked for the development of Jaipur Smart City and the project got completed recently. We have also engaged with Andhra Pradesh state government on infrastructure project management. We expect to deliver more such projects in multiple other states in India in the near future.
Could you elucidate on Dassault Systèmes flagship smart city module 3DEXPERIENCity and tell us about its main advantages over other methods?
At Dassault Systèmes, we strongly believe that sustainability is the only way forward. Cities need to be planned to provide a growth that is smart as well as sustainable. Moreover, it is essential to take a holistic approach while designing a city.
The 3DEXPERIENCity by Dassault Systèmes allows you to create a 3DEXPERIENCE Twin, which help in reflecting changes in the city and the way forward in the virtual world. It takes a holistic approach to ensure and ease regulatory compliance, maximum sustainability and resilience.
3DEXPERIENCity, a virtual platform for smart city aims at federating all initiatives of sustainable and efficient availability of key resources such as power, water, transport and healthcare for the benefit of the people of city and the respective state actors. The fact that 3D is a unique way to share complex phenomena of innovative collaboration and technologies to a very broad audience, enabling to connect experts, city authorities and citizen around a common media or language will greatly enhance the outreach and participation.
By using simulation and systems engineering different stakeholders of a smart city can anticipate the impact of their choices, in a holistic manner by running simulations and mapping to-be scenarios as to how the city will shape in the next 5, 10 or 20 years so that efficient town planning can be done. 3DEXPERIENCity leverages the power of Dassault Systèmes’ 3DEXPERIENCE platform to bring together a wide range of territorial data with our industry-leading analytical, modeling, simulation and lifecycle management abilities.
The 3DEXPERIENCE platform’s design and simulation applications were used to model the city’s buildings, architectural superstructures and infrastructure. The virtual model offers a meeting place for all the city’s stakeholders – elected officials, residents, developers, planners, architects, entrepreneurs, energy suppliers, water utilities, waste treatment managers, transportation systems, and communications networks – to collaborate and innovate together as they plan and build the sustainable city of the future.
Virtual Singapore was one of the earliest smart city models by Dassault. Could you throw some light on the project?
“Virtual Singapore” is championed by National Research Foundation (NRF), the Singapore Land Authority (SLA) and Government Technology Agency of Singapore (GovTech), in collaboration with Dassault Systèmes. “Virtual Singapore” integrates city data from sensors and systems in 3DEXPERIENCity’s collaborative environment to virtually represent and manage Singapore’s data and processes.
Dassault Systèmes’ 3DEXPERIENCity solution is used to create a dynamic, 3D digital model of Singapore and connect all stakeholders in a secured and controlled environment. The model enabled data analytics and simulations to test and validate envisioned concepts that will enable the quality of Singapore’s living environment to be maintained as its population continues to grow.
The 3DEXPERIENCity also gathered IoT data in a way that enables it to be analyzed and visualized so that people can envision, create and test possibilities for the future before they are realized. Thus, by leveraging Dassault Systèmes’ 3DEXPERIENCity, powered by the 3DEXPERIENCE platform, Virtual Singapore project concluded well making Singapore one of the most advanced cities in terms of leveraging technology to plan and manage its transformation over the next decades. Powered by new and sophisticated analysis of images and data collected from public agencies and real-time sensors, Virtual Singapore is designed to give a whole new meaning to the term smart cities.
What is the Dassault Systèmes vision for smart cities?
With the help of advanced technologies, creating sustainable smart cities has become a step easier. Our vision is to work towards the development of a maximum number of modern technology and IT-enabled smart cities across the country and developing the country’s infrastructure working with several state governments. We aim to create holistic and virtual models that enable urban planners to digitally study and test ideas the impact of urbanization, both within the invisible boundaries of their city, and also on the entire planet and its resources. We have also set up a specific team for the smart initiative launched by the government and the team is completely dedicated to working into that area.
Habito, the London startup that has spent the last three years dragging the mortgage process online, is to begin direct lending via its own range of mortgages.
Starting with ‘buy to let’ mortgages, the move represents the first time the fintech startup has expanded beyond brokerage after it received regulatory approval to become a mortgage lender in its own right early last year.
Eighteen months in the making, Habito says it has developed a proprietary lending platform from scratch in order to be able to offer its own innovative mortgage products that plug some of the gaps in the current market.
Founder and CEO Daniel Hegarty tells me he hopes other lenders will eventually want to use the same rails to launch their own digital lending products but in the meantime the company is excited to launch direct lending.
Longer term, Hegarty says the idea is that a rising tide in terms of customer experience and the speed and certainty smarter use of technology affords, will help to lift all boats within the mortgage lending space.
Habito’s first mortgage product is a range of buy-to-let mortgages, claiming to have the widest selection of Loan to Values and fixed-rate periods currently on the market.
Using its proprietary technology, Habito says it aims to cut the timeframe from mortgage application to offer in half.
To do this, the Habito platform integrates with the conveyancing process to add more transparency for the homebuyer, while the number of documents needed is said to be significantly reduced.
In addition, the Habito “Instant Decision” is a feature devised to replace the mortgage “Decision in Principle,” which the company says is outdated and often unreliable, without sacrificing time to approval.
“All valuations are instructed automatically, fraud checks are automated and all documentation is handled digitally, meaning that customers won’t have to wait for physical post to progress their application,” says Habito.
It is also worth noting that Habito’s direct mortgages will be Habito branded but will not sit on the company’s balance sheet.
The mortgages are being funded via a commitment of £500 million investment provided by an unnamed “leading, FCA-regulated financial institution”.
Habito is also keen to stress that its brokerage will operate as a separate business line and continue to provide “free, impartial, whole-of market mortgage advice to its customers” (as it is regulated to do so).
The fact that the FCA approved Habito becoming a lender alongside running its brokerage business is also noteworthy and suggests that the U.K. regulator isn’t concerned about the company’s ability to keeps its business lines segregated. How the wider market views the development by Habito to become a lender and a broker remains to be seen.
Meanwhile, Habito says that company buy-to-let and portfolio landlord mortgages will launch later this year. Beyond this, the startup is working with a number of “large financial institutions” to bring a range of residential mortgages to market in the coming months.
One area that Hegarty says is ripe for innovation are mortgages suitable for self-employed people who don’t have a traditional financial footprint.
Another opportunity the startup is eyeing up are mortgages with a much longer fixed term, which are more common in other countries but in the U.K. are typically restricted to two to three years.
The Finance Minister’s budget proposals, such as a model tenancy code, making government land available for affordable housing, interest exemption on affordable housing could give a big push to affordable housing and help developers who are hit by credit crunch.
“Lack of land availability and rental housing policy have been big bottlenecks for affordable housing.Both (freeing up land and establishing model tenancy code) will help push affordable housing,” said Ramesh Nair, chief executive at JLL, a property consultant.
Nair said that government could come out with tax incentives for developers doing rental housing.
“The new model tenancy, which is likely to be re-introduced, is expected to balance the rights and responsibilities of landlords and tenants and will make the rental market more efficient and streamlined across the country,” said Megha Maan, senior associate director, research at Colliers International India.
Experts added that the interest exemption upto Rs 3.5 lakh for affordable housing would help boost residential sales.
“Interest deduction up to Rs 3.5 lakh for affordable housing, as against Rs 2 lakh earlier, is available till March 31, 2020. This is expected to drive the much-needed urgency in sales and bring the fence-sitters back into the market within this financial year,” said Aashish Agarwal, senior director, valuation & advisory at Colliers International India.