Prefabs to be a game changer in realty sector
The method involves use of pre-fabricated units or panels which would be made according to need and then assembled at the site, that is eco friendly, costs less and has more strength
Oct 15, 2014
Source : Deccan Chronicle
Real Estate Projects


Chennai: With the construction industry facing a huge slump and recovery not yet in sight, the time might be ripe for builders to go for pre-fabricated blocks to cut construction costs, say experts.

The metro work going on in the city has also been using the technology allowing for faster construction.

Inspite of being in the nascent stages of development in case of commercial and housing construction this method is being called a game changer because of its added advantage as against conventional construction.

The method involves use of pre-fabricated units or panels which would be made according to need and then assembled at the site. In addition the material used is eco friendly, costs less and has more strength.

Glass fibre reinforced gypsum a type of pre-fabricated construction, which was used by IIT in one of its housing projects last year, is being emulated in various parts of the country. Professor Devdas Menon, who was at the forefront of the project, says, “We made the two-story structure in two months which otherwise would have taken a year. The project cut down costs by twenty per cent.”

Currently there is a three floor housing structure based on GFRG coming up in Chottanikkara, Kerala, by the housing board, which started last month.

It would cost `1,250 per sq ft which normally would have cost `2,000 per sq ft, says Shinto Paul a Ph.d scholar at IIT. He explains that the material being lighter attracts less force during earthquakes causing less damage and can withstand 1,000 Celsius  heat.But logistical problems and absence of support from the government has been a dampener.

Latest Realty News

DLF, India's most indebted realty firm, faces tough choices after fund-raising ban
Oct 15, 2014
DLF Limited will be forced to sell assets, even unfinished projects, to meet debt obligations, say bankers
Last day to apply for DDA 2014 housing scheme
Oct 15, 2014
Today is the last day to apply for the Delhi Development Authority's (DDA) highly-successful 2014 housing scheme
Housing demand to pick up in 6-8 months: Report
Oct 15, 2014
Housing sales have remained lower than expected so far during the current festival season mainly due to high interest rates and the demand is likely to pick up only in the next 6-8 months, according to a Knight Frank and Ficci Report
Higher lending to realty & infra projects worries RBI
Oct 15, 2014
At 25% of the total non-food credit, banks’ exposure to the infrastructure and real estate sectors is highest compared with other sectors
Realty-led Per Capita Wealth Grows to $4,650 in 14 Years: Report
Oct 15, 2014
Real estate-led the per capita wealth creation of the country's adult population which has grown at 8 per cent per annum in the past 14 years to $4,650, according to Credit Suisse
DLF an example of why realty sector needs a watchdog
Oct 15, 2014
The stock market regulator Sebi’s crackdown on India’s biggest real estate company, DLF, is a clear indicator that the sector is in urgent need of a cleansing of the Augean stables, market experts said
REIT $20 billion spending in India delayed by tax rules
Oct 15, 2014
The Indian government has announced rules for setting up real estate investment trusts (REITs), vehicles that may spur $20 billion of property development
Here are South India's real estate hotspots
Oct 15, 2014
Until only recently, the South Indian real estate market was known as highly price sensitive, with buyers primarily focused on the affordability quotient
Charges other than interest cost associated with home loans
Oct 15, 2014
In August, lending institutions, such as State Bank of India (SBI) and Housing Development Finance Corp. Ltd, lowered home loan interest rates marginally for new borrowers
Reduced Okhla eco-zone plan put up for comments
Oct 15, 2014
The environment ministry on Tuesday invited comments to a draft notification that proposes a reduced eco-sensitive zone (ESZ) around the Okhla Bird Sanctuary

Latest Realty News Of State

Realty Talk's