How Innovation in Construction Technology Changes the Face of Indian Real Estate

Construction industry is a major contributor to the country’s GDP and also one of the largest employment generators. Construction technology is fast evolving in the future of Indian real estate sector. Time and again, due to the lack of skilled man-power, rising prices, delay in construction and scarcity of land in TIER I cities, the developers are compelled to look at other technologies apart from time and tested conventional methods.

How Innovation in Construction Technology Changes the Face of Indian Real Estate

For undertaking mass housing works, it is necessary to have innovative technologies which are capable of fast construction and deliver good quality structure in a cost effective manner. Certain systems are in vogue and more contractors are trying to bring in new technologies. These are based on the type of construction, namely the in-situ or pre-cast construction. Certain patented systems based on imported technologies such as Mascon System [Canada] or the Mivan System [Malaysia], have appeared on the Indian market scene in the recent years. [Read more…]