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« Tata to Develop Rs 30 bn IT SEZ in Chennai | Home | Red Fort to Invest Rs. 3,500 Crore in India’s Real Estate Sector »

Real Estate Developers Look at Alternatives to Trim Construction Costs

Real estate developers in India are planning alternative measures to cut down costs of construction by about 15 to 20% owing to the recent hike in raw material inputs costs for construction, especially, cement. Red Fort Capital, in association with Nagarjuna Constructions and DLF, has replaced the use of cement in residential and hotel projects with cellular light weight concrete.

Besides, Red Fort Capital is currently talking to big developers in India to replace the use of cement with cellular light weight concrete. “This will benefit real estate developers in reducing costs of construction by 15%.

This is an emerging trend in the Indian real estate market,” Kuldip Chawlla, director, Red Fort Capital Advisors Private Ltd, told FE. According to Chawlla, “Cellular light weight concrete reduces the weight of cement needed in beams and columns, making them more durable, long lasting and generates cost of savings of up to at Rs 100 to Rs 200 per sq ft. Not only that, with the use of cellular light weight concrete, developers will be able to build affordable homes targeted at middle income groups at a much faster pace. ”

Big developers such as Larsen & Toubro, Hiranandani Constructions, Rahejas, Unitech, DLF and Kalpataru are looking at using cellular light weight concrete instead of cement for certain projects. Red Fort Capital is currently talking to these players to provide them with alternative options in construction.

News Published Under:   Real Estate Developers, Real Estate India | No Comments »

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