Labor and land supply, regulation, and the economics of financing new real estate are all important factors that have led to the housing crisis — but this crisis is largely the result of the construction industry’s failure to invest in research and development.
Reimagining city living
Cities of Kerala have been especially affected by the housing shortage. Massive economic growth coupled with an underinvestment in housing supply has led to well-reported housing inaccessibility.The company uses building information modeling (BIM) to produce design scripts for its projects that plug into its global supply chain, integrating design and materials sourcing. The company leverages the industrial area of other states to organize construction sites and inventory.
“Plans go directly from design to the shop drawing floor and to the construction site,” Our Project Manager of Highness Apartments Private Limited properly manage “ shop drawings of the project ,Materials and products arrive at our construction sites on time and ready to install. As a result, the construction site more closely resembles a process of precision-sequenced homes construction than traditional construction.”
CO-LIVING
In addition to offsite construction of prefab and modular homes, some startups are retrofitting existing buildings for greater residential efficiency by transforming them into co-living spaces where residents rent smaller individual spaces and share common areas such as kitchens and lounges.