There is huge housing demand all over India. Already over 30% of India’s population, that is over 377 million people, lives in urban areas. The urban housing shortage has been estimated to be 25 Million residential units at the start of the 12th five year plan in the year 2012.
Residential buildings have the highest market potential, specifically in the LIG (Low Income Group) and EWS (Economically weaker section) housing sector. According to data available with Brick Eagle, a financial services firm for affordable housing in India, the demand for affordable housing in India is around 18.8 million square meters. The size of these units is in the range of 30-50sqmt.
Now, affordable housing schemes of the Delhi Development Authority (DDA) have approved precast technology for all their future projects and plan to construct 100,000 units every year.
Speedy, sustainable and versatile precast as a solution
Huge demand like this requires new type of building construction solutions. Precast is an optimal choice for those valuing short construction times and reduced lifecycle costs of buildings. That is why high quality, maintenance free precast walls and floors have been approved as the main building material for several major residential, commercial and public building projects in India.
For High Income Group (HIG), Amrapali Group is constructing G+22 and G+33 story buildings in Greater Noida and will develop two major group housing projects in the next four years totaling 35mn sqft. Precast suits well for villas, too. Janapriya Syndicate has constructed both 2B+10 story buildings and many villas in Sainikpuri, Hyderabad.
VME precast of Chennai have completed many commercial projects, e.g. malls, offices, shops, in and around Chennai along with supplying precast elements for external projects.
In South India, the KEF Company, is constructing a 500 bed hospital and many schools as part of the philanthropic interests of the company’s founder and chairman using precast concrete technology.
Profitability by professional precast building concept planning
The biggest bottleneck in the implementation of precast technology in India is a lack of experienced professionals (architects, structural designers etc.) who have worked in precast concrete building construction.
However, with the increase in the use of modern construction techniques, there are many consultants now in India providing these specialized services. Elematic also provides end-to-end structural design services with a dedicated design team based in Pune, Maharastra.
Chander Dutta, Managing Director, Elematic India