Updated:  |   |  WWW.INDIANREALTYNEWS.COM

 

« Homes in NCR a distant dream for the middle class | Home | Hyderabad office space to be increased through SEZs »

Survey Reveals challenges faced by development community

September 9, 2008
 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 (Be the first to rate this story!)
Loading ... Loading ...

A survey by Satellier Inc., the global leader in workshare solutions and pioneer in Building Information Modeling services (BIM) for the architecture, engineering, construction and building owner (AECO) industry results from uncovered emerging trends in Indian real estate development. The survey was conducted jointly with Infor-Media India, organizer of the recent Real Estate India 2008 International Conference, in New Delhi. The online survey polled developers, investors, construction personnel, architecture and engineering firms. Satellier CEO Michael Jansen hosted a panel at this conference to discuss the characteristics of the gap and practical remedies. The panel, comprised of leading figures from Jones Lang LaSalle Meghraj, Hines, Skidmore, Owings & Merrill, and Geodesic Techniques, discussed how design-to-construction in India works today, how they are addressing the gap, and how technology, namely BIM, can improve project delivery in India.

The survey revealed that 93% of eth respondents believe that there is a significant gap between international design practices and onshore construction realities for large-scale developments in India, characterized by the many challenges facing the development community today: unprecedented demand for more and better building, shortage of local architects with international experience, project overruns, reported to be in excess of 62% in the government sector (insufficient number of graduates to fill the growing need for skilled talent, consultant performance issues, and slow adoption of Building Information Modeling (BIM), among other pressures. Moreover, 93% of respondents think that bridging this gap will lead to more successful projects. Significantly, 87% believe that BIM can be a key project delivery system for saving time and money during construction, and 83% believe that the appointment of a design coordinator for large-scale projects is one of the solutions that can bridge this gap.


News Published Under:   Real Estate India |



Add to Favourite:
:  

Did'nt find what you are looking for? Try this…..

 


Related News:


  • Indian Real Estate Doesn’t See Fall in Price: Ficci Survey
  • Developers expecting high sector growth
  • India among top three global realty markets after US, China
  • CWAB Awards to be held on Aug 22
  • India Ranks Third in Real Estate Returns after US and China
  • 3rd Construction World Awards held
  • 3rd Construction World Awards held
  • Property Rates in India to go up by 10% in Next Six-Months
  •  

    Comments

       

          

                          

    Real Estate News Alerts
    Get Latest Property Updates
     


    Recent Comments
      • swapna: I am looking for a house for rent or sale in Vadap...
      • Suresh: Hi man Chennai Velacherry rate is Rs/8600 per Sqf...
      • ravindran: I hope that Coimbatore will be the next IT destina...
      • B.Anand: Dear Editor, Please update on the Bombay High Cou...
      • Vivek: It is height of foolishness comparing Dhanbad with...
      • Mahesh: Its cost step and initiation from Red Fort cap. Ge...
    Property Prices