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.
More : financialexpress.com