Friday, February 24, 2012

HUGE MARKET OPENS FOR MODULAR HOME FACTORIES

Could you ever imagine a market for 26.5 million new homes with the government pushing for prefab and modular construction instead of site building?  Well boys and girls, if you owned a factory in India, you could be about to get a continuous supply of golden eggs.

India's growing population needs affordable housing that can be built quickly and without the need for skilled labor at the job sites.  Enter system built housing.  Government officials are looking to our industry to furnish energy saving and cost effective living units including a huge amount of single family homes. 
"Given the requirement of huge numbers of units in India and project execution challenges and shortage of human resources, the traditional 'brick and mortar' construction is giving way to prefab structures and materials. Prefab technologies can be used to build homes quickly and cost-effectively, especially as traditional construction costs continue to rise. As the cost of borrowing is steep and developers are facing a liquidity crunch, time means money. Modular construction is faster and adds to the revenue stream of builders," says Sachin Sandhir, managing director, RICS South Asia, a self-regulatory body of real estate professionals.
In an attempt to offer an affordable housing solution for small cities where residential land is available for construction, prefab buildings are being developed by US-based architecture firm KieranTimberlake in partnership with RICS South Asia.

Here are some examples of the new India Concept Home.
India Concept House (ICH)

India Concept House

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