The Maharashtra government is set to introduce a policy requiring real estate developers in Mumbai to use precast construction methods, aiming to reduce air pollution and improve construction efficiency.
Precast ConstructionAir PollutionSustainable DevelopmentReal EstateMumbaiReal Estate MaharashtraApr 01, 2025
Precast construction involves manufacturing building components off-site in a controlled environment and then transporting them to the construction site for assembly. This method is known for its efficiency, reduced environmental impact, and improved quality control.
The primary goal is to reduce air pollution and improve construction efficiency. Precast construction generates less dust and pollutants compared to traditional methods, which is crucial in a heavily polluted city like Mumbai.
Precast construction offers several advantages, including reduced construction time, lower environmental impact, improved quality control, and enhanced structural integrity. It can also lead to cost savings and increased profitability for developers.
The initial costs of setting up precast manufacturing facilities and acquiring necessary equipment can be significant. Developers will also need to invest in training and new technology to adapt to the new construction methods.
Yes, the government is considering providing incentives such as tax breaks, fast-track approvals, and other support measures to encourage the adoption of precast construction methods by real estate firms.
Clear Bridge Ventures LLP has purchased all pieces and parcels of land along with IT Park at Fourth Dimension in Linking Road, Malad West for ₹335 crore.
New regulations for corporate insolvency resolution in India: How they impact real estate projects and more.
Shriram Properties, a prominent real estate developer, has announced a joint venture to develop a six-acre land parcel in Pune. The project, expected to launch in the second half of FY25, holds an aggregate revenue potential of approximately Rs 700-750 cr
Bollywood celebrities have a penchant for lavish living, and it shows in their investments in posh Mumbai properties, particularly in Bandra. This popular tourist spot is a hotbed for high-end real estate, attracting not just Bollywood stars but also affl
Real estate contributes more than 7% to India's GDP. A well-calibrated repo rate policy can significantly boost housing sales and the overall economy...
Bollywood superstar Hrithik Roshan has leased out his premium office space in Mumbai for a monthly rent of Rs 5.62 lakh, according to real estate consultant Square Yards.