HomeNewsTrendsCan prefab construction make homes more affordable?

Can prefab construction make homes more affordable?

India needs 50 million homes by the year 2022 and there are more than 90 smart cities being planned. To achieve such a huge feat in a short time, industry experts point out that offsite construction and pre-fabricated modular units will play an important role.

April 09, 2021 / 17:46 IST
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India needs 50 million homes by the year 2022 and there are more than 90 smart cities being planned. To achieve such a huge feat in a short time, industry experts point out that offsite construction and pre-fabricated modular units, will play an important role. Although such offsite technologies are at a nascent stage in the Indian market, the demand for them is gaining momentum.

“With developers shifting their focus to mass housing, this technology is an ideal solution for affordable homes and mass housing schemes, due to its fast, accurate, efficient and cost-effective process. For an industry which often suffers from increasing debts and limited cash flows, completing projects early, saves interest cost. This saving can be passed on to the customers, thereby, making homes cheaper for them in the long run,” says Sumesh Sachar, CEO of KEF Infra.

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With the use of technology, homes, hospitals, schools, hotels, etc., can be built faster than conventional methods and also have a longer life. So far, prefabrication technologies have only been used for low cost, mass housing schemes, by the government and for slum redevelopments, etc., points out Harleen Oberoi, MD – project management, Cushman & Wakefield India. “Prefab technology is adopted mainly for enhancing the speed of construction work and requires minimum or low involvement of human workers. Also, the quality of products are good, as they are produced under controlled conditions. However, utmost care should be exercised while designing, lifting, shifting and placement of prefab elements,” says Oberoi.

See also: How to check the construction quality of a project