Houses Off the Shelf

Prefabricated homes, quicker to build than conventional ones, are gaining in popularity.

By CHANCHAL PAL CHAUHAN

$100 bn Size of the Indian real estate market The world’s tallest building so far, Burj Khalifa in Dubai, employed this technique. So did one of the marvels of modern-day architecture – the Sydney Opera House. Prefabricated construction, beginning in Europe after World War II, has been commonplace in many parts of the world for decades. But it is only now catching on in India. Building, not brick by brick, but by joining parts that have already been cast – much the way cars are assembled at automobile factories – comprises so far merely 1 per cent or so of India’s $100-billion real estate market. But given the prolonged slump in residential real estate, with inventories at a historic high – around 200,000 unsold flats in the National Capital Region alone – developers…

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Business Today (Digital) - 1 Issue, February 28, 2016

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