Developers employ precast, dry well system to fasten affordable housing projects

HYDERABAD: Developers are employing new construction techniques like aluminium shuttering, precast concrete technology and dry well systems to fasten the delivery of housing projects amid a renewed focus on the residential space with Housing for All by 2022, said property consultant Colliers International. The property consultant added that especially after the Real Estate Regulatory Authority (RERA) Act, which emphasises the need for timely completion of projects, adoption of modern technologies has become the need of the hour to survive in the market for a developer. Also, execution of construction projects and their delivery in a timely manner has become a prime concern for developers in view of the buyer’s agitation on delay in construction. R. Shobha, national director, project management, Colliers International India said, “Rising industrial, residential and commercial growth is driving the demand for faster construction and world class quality. It has become imperative to use newer products and technologies to meet this increasing demand. The construction industry in India is at the cusp of disruptive change with new materials, building technology, software, digitisation and artificial intelligence changing the way we conceptualise, build and use our buildings”. As nearly 2 million homes are to be built by 2022, adoption of such technologies will not only reduce the turnaround time but also improve the quality and durability of construction and help in generating more interest in affordable housing projects among buyers. These technologies are not only cost-effective but offer advantages such as minimal labour force, higher earthquake resistance, more durability than conventional building techniques, higher carpet area, smooth finish on walls and lower on maintenance. Many private developers are already using these technologies that provide a boost to their affordable housing projects.