Builders looking for innovative ways in construction business
Faced with sluggish sales and rising cost of production, builders across the country are increasingly turning to technology, looking to innovative ways in construction business.
The cost of building materials such as cement and steel has risen by 35-40 per cent over the past two years. Added to it, the labour rates have also got doubled. Consequently, builders’ margins are down by 50 per cent owing to higher commodity prices and slower home sales.
Hence, the real estate developers are investing in plants to manufacture per-fabricated walls and ceilings while others concentrate on ways to accelerate the pace of construction and to reduce the requirement of steel.
Builders, commodity prices, Construction, Construction material, construction technology, constuction business, Real Estate Developers, Realty News
[...] more sense to them than incentive like an international trip. To read more real estate news: Builders looking for innovative ways in construction business Related [...]