Exploring the potential of value engineering to reduce the economical pressure on the construction industry in the case of luxury housing

Abstract

This research highlights the critical role of value engineering in integrating economic sustainability and environmental stewardship within the luxury housing market. It focuses on reconciling profitability with sustainable practices through a comprehensive study of alternative construction materials, their environmental impacts, costs, and long-term financial benefits. A case study on a luxury villa in New Beni Suef, Egypt, demonstrates the practical application of these principles. The study employs a multi-dimensional approach, including quantitative material selection, environmental performance evaluations using Design Builder software, market research for cost-effective materials, and analysis of long-term electricity costs. It showcases value engineering as essential for economic resilience and environmental sustainability in luxury real estate development, marking it as a pivotal strategy for the sector's future.