Demand for affordable houses rising
Tata Steel expects rising demand for affordable housing in the country to drive growth for its pre-fabricated construction solutions. The company introduced its low-cost, pre-fabricated housing solution, Nest-In, last year and saw good initial response in the Indian market, a company official said.
We see this as an upcoming technology that could address the vast demand for affordable housing in India Atrayee Sarkar, Chief of Marketing and Sales for branded products at Tata Steel, said. The company has installed about 300 Nest-In units covering about 100,000 sq ft across the country.
The cost of a Nest-In unit is Rs 900 for 1,000 sq ft, excluding cost of plumbing and electrical fittings, which is lower than conventional construction costs. Using a Nest-In solution, a comfortable and durable house can be built in just nine days, Sarkar said. The pre-fabricated construction material is of a ready-to-make type, enabling mass customisation.
Rising demand for affordable houses have made many of the developers need to think about the requirement to build such houses. The Tata steel is also expecting similar demands.
Source: The Hindu Business Line
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