India, at 7-8 per cent every year, is one of the fastest growing construction markets in the world. The segment is estimated to be the third largest in the world, with a size of $1 trillion by 2025.
Timely delivery of properties is important for both builders and buyers. From the buyer's point of view, early possession of an apartment means early freedom from rent payments. If the buyer is an investor, he can start earning rental income early. Also, once its project is complete, the builder can invest the capital in new projects and earn more profits.
Team Bhavin understands the gap and foresee the future requirement, thus working and collaborating with many partners in industry to provide latest methods of construction for its clients.
The requirement of 26.5 million affordable housing 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.
Prefab technology involves use of factory-manufactured components in buildings. Some commonly used prefab materials include steel frames for structures, panels made of wood, cement, gypsum and other materials for floors, walls and ceilings, factory-made doors, windows and ventilators.
Prefab construction reduces construction time and improves the quality of the building. Though prefab materials are 15-20% expensive than the traditional ones, higher efficiency and less wastage and labour costs can bring down the overall cost substantially. The use of prefab techniques can also result in better cost efficiencies over the life span of the buildings.