Comments
Consolidated Construction Consortium Ltd will soon tie-up with a US-based technology provider for prefabricated building structures, according to Mr R. Sarabeswar, Chairman and CEO, Consolidated Construction.
The construction company which is in a wide range of infrastructure projects has also a major presence in the residential segment in the last couple of years. It handles construction contracts for developers. The order inflow for residential projects is on the increase and the company is looking at ways to bring down construction time and costs.
Standardisation is an option in large-scale projects where costs, time to complete and manual labour can all be brought down.
The tie-up with the US company will be for technology transfer to produce precast concrete structures for housing. For housing projects of a minimum 500 units, construction time can be brought down significantly. If there are 1,000 units or more the costs can also come down.
Cost reduction
Typically, construction costs range around Rs 1,500 a sq ft for residential projects, of which labour costs account for about Rs 400. This can be brought down by about 20 per cent with precast construction.
Consolidated Construction is handling construction projects for leading residential developers. Also, the promoters of the company have floated Yuga Homes, a residential developer with three large residential projects in the pipeline totalling over a 1,000 units in the suburbs of Chennai.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.