The coming decade belongs to Prefabrication with the Indian construction sector expected to expand to a size of USD 1 trillion and contribute over 15% to the overall GDP
The Prefabricated Building Market in India is expected to grow at a CAGR of approximately 8.5% from 2021 to 2026 mainly driven by nations’ initiatives like “Digital India”, “Smart Cities” etc.
The past few decades have seen a lot of changes in the construction industry around the world. The concept of prefabrication, or prefab, technology has gained popularity due to the flexibility it affords in terms of design and construction, its consistent quality, time, energy and cost efficiency, reduction in the disruption of work due to external factors, and because it is a sustainable form of construction. Prefab technology is widely used in construction in Europe, US, Canada and South-East Asia (particularly Japan) to build homes, offices, and apartment complexes.
India faces an acute shortage of housing in both the rural and urban sectors and prefab construction is one of the main construction methodologies adopted by the Ministry of Housing and Urban Development, Government of India* to achieve its goal of ensuring homes for the rural and urban poor. In 2019, the Government of Kerala announced its decision to embrace prefab technology for building construction and reconstruction of damaged houses and buildings after the back-to-back calamities the state faced in the form of floods and landslides. With an emphasis on minimizing the exploitation of natural resources like sand and rock, adopting calamity-resistant construction techniques, and swift construction timelines, prefab construction is an obvious choice in such a scenario.
Steelion has used innovation effectively to harness the full potential of prefab technology in its construction model. Unlike other prefab players in India who use only one prefab technology for the construction, Steelion has combined four construction material systems – Prefabricated Steel, Precast Concrete, Light Gauge Steel Framing (LGSF), RCC Casting in-site – to provide its clients with an efficient and robust construction methodology called Hybrid Composite Technology (HCT). Combining the hybrid composite prefab technology with the Design-Build solutions offered by them, Steelion has been able to offer its clients a significant Return on Investment (RoI) along with benefits of superior quality, time savings, and sustainability.
Our HCT technology is a game-changer. It significantly enhances the benefits offered by prefab construction and makes it accessible to large and small users alike. By combining the four construction material systems, HCT offers
Typical prefab construction is used when the volume of construction is high, and the builds are uniform or similar. We have creatively integrated HCT into their Design-Build construction solutions model to benefit our clients in many ways provide the clients with increased flexibility in terms of design and made the technology available to all business segments and categories, including small and medium-sized projects.
*Source 2: https://www.mordorintelligence.com/industry-reports/india-prefabricated-buildings-industry