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 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
Will defend against SEBI ban order: DLF
Oct 14, 2014
Realty major DLF Ltd Tuesday said it would defend itself against any adverse findings contained in the order passed against it by market regulator Securities and Exchange Board of India (SEBI)
Builder fined Rs 5 lakhs for deficient services
Oct 14, 2014
A builder has been fined Rs 5 lakh by a consumer forum for providing deficient services to a housing society
Flipkart’s big realty deal in Bangalore proves aggressive hiring here to stay in e-commerce
Oct 14, 2014
Even as residential real estate is down in the dumps despite the festive season, the office space has seen an uptake across India as corporates look to relocate and consolidate operations
China's realty moguls see 5% drop in fortune
Oct 14, 2014
This year's average fortune of top 50 Chinese real estate tycoons was 14.9 billion yuan ($2.4 billion), 5 percent lower than that in 2013, Beijing Morning Post reported
BDA staff expense under IT scanner
Oct 14, 2014
The Income Tax (IT) department has asked the development authority to submit names of its employees who have invested more than Rs 5 lakh between 2010-11 and 2013-14

Latest Realty News Of State

Realty Talk's