{"id":7845,"date":"2023-06-26T11:30:41","date_gmt":"2023-06-26T01:30:41","guid":{"rendered":"https:\/\/woodcentral.com.au\/?p=7845"},"modified":"2024-12-26T19:57:22","modified_gmt":"2024-12-26T09:57:22","slug":"mass-timber-used-top-to-bottom-in-indias-most-expensive-build","status":"publish","type":"post","link":"https:\/\/woodcentral.com.au\/mass-timber-used-top-to-bottom-in-indias-most-expensive-build\/","title":{"rendered":"Mass Timber Used Top to Bottom in India’s Most Expensive Build"},"content":{"rendered":"\n

Indian luxury residences, as reported by Wood Central<\/a>, is amongst the most desirable asset classes in the real estate market, having remained relatively resistant to any market downturn and having made a remarkable return on investment.<\/p>\n\n\n\n

Not reliant on mortgage fluctuations, the luxury home market is driven by affluent homebuyers and has traditionally been an attractive investment option.<\/p>\n\n\n\n

Additionally, because they offer a better and more personalised lifestyle, developers have been able to market luxury projects better than other asset classes successfully.<\/p>\n\n\n\n

A new study has forecast a jump of nearly 70% in demand for roundwood in India in the next decade<\/a>, from 57 million cubic metres in 2020 to 98 million cubic metres in 2030, driven largely by demand from the construction sector.<\/p>\n\n\n\n

And last week, Wood Central reported that 91% of Australian softwood exports for April 2023 found their way to India<\/a> – driving an unexpected surge in softwood exports. <\/p>\n\n\n\n

\"In
In April, Wood Central exclusively reported on the 2000 tonnes of cubic metre of timber leaving Australian ports per week. <\/figcaption><\/figure>\n\n\n\n

Without a political policy change, India will need to rely heavily on imports to meet this surge in demand because the country\u2019s conservation-oriented forest policy restricts domestic production.<\/p>\n\n\n\n

But far and above India\u2019s resurgence in luxury private residences, none reaches the heights of the opulence of the $2 billion 27-storey Antilia mansion in south Mumbai, built with mass timber components.<\/p>\n\n\n\n

Mumbai, previously called Bombay, is considered the financial centre of India, with a population of 12.5 million.<\/p>\n\n\n\n

Both Antilia’s main vertical\/lateral structural elements and the floor spanning systems are constructed from timber, although local non-timber was used between connections.<\/p>\n\n\n\n

Designed by Chicago-based Perkins&Will – which was recently awarded the prestigious American Insitute of Architects Award for the University of Washington Life Sciences Building<\/a> – and Hirsch Bedner Associates in Los Angeles, Antilia was one of the largest residential projects undertaken by Australia\u2019s largest construction company CIMIC, formerly Leighton Holdings.<\/a><\/p>\n\n\n\n

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