Technology developments in real estate

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What Are recent technology trends in Home Constructions With all the latest technological advancement happening in all the fields of life, it has changed our lives in so many ways. Real estate, too, was subjected to many a change due to them, especially the transaction process. The construction process by no means has been any less influenced. While real estate transactions became an organised process incorporated with all the technology, it is also easier to accurately predict delivery estimations since technology has changed the way homes were built earlier.

Recent Technological advancements in Real estate Over the past few years, rapid technological developments have touched every domain and real estate is no exception to it. Innovations in the real estate domain are taking shape and changing the course of the conventional construction techniques used earlier. The newer construction technologies are being adopted faster in bigger cities, owing to the availability of capital, trained personnel and the organizational capability. With real estate market expanding outside the metro cities, it has been imperative that the construction market in smaller cities have also adopted these new technologies. The projects conceptualized today can only be realized using such modern technologies.


The old line of technology and obsolete construction methods are slow and thus take long in the completion of a project. Long formation periods, large manpower and traditional methods of construction result in considerable cost escalation, which is normally passed on to the buyers and investors. Today, as the technological innovations are happening, it has resulted in the changing of the construction industry faster than anyone had thought. The advancements in the construction business have specifically concentrated on the following two fields: ● ●

The time taken to deliver the finished product. The quality of the delivered product.

The effect these advancements on construction technology has brought massive changes in the management of construction plans, execution of the building construction and the quality of the finished product and its adherence to safety norms and policies. The two basic steps required for every project are mentioned below:

Planning The different planning and project management phases of a construction project can be stated as follows: ● ● ●

Integrated scheduling ensures that the design, the procurement of the blueprints and the contract are all crucial parts of the master schedule. Generating of models of the project ensures better monitoring and sustainability of the project. Cutting-edge software assists in the planning of the project.

Implementation The construction of any project can be very well executed with the help of technology. The usefulness of the technology can be mentioned as: ●

Technology helps you keep up with the changing regulatory norms. For instance, noise pollution, drilling and demolition norms have changed. The introduction of the EPI Plasma Rock Fragmentation is the new way to go. With the government’s ambitious housing-for-all-by- 2022 target, it has been a necessity for the further advancements in the construction field to keep up with the deadline. The modular houses can help in reducing the delivery timescales. Tools to hold the project together have been upgraded as well. Drywall panels comprising magnesium oxide, plastic and hybrid material formwork, rice husk and ash form partial cement substitutes.


Factory-produced, ready-made doors are available as well that cover-up the cracks left between the door and the frame, and accentuate the aesthetic appeal.

These technical innovations have an edge over conventional methods, in terms of quality, power, time, specialization, expertise and perfection. They provide structural stability to the buildings, reduce the time for the construction and development and reduce the use of labour intensive techniques. These technological measures are cost effective as the construction undertaken is highly efficient resulting in zero wastage of resources and more stable and magnificent structures.

Outcome Gone are the days, when construction consultants spent years in completing single establishment. Now every developer completes a bunch of innovative projects in a limited time span. This has become possible due to the creative initiatives of engineers and a switch over to modern construction technology from the conventional methods. Most of the project managers design a specialized planned journey along with cost, management of personnel and installation of innovative methods of construction technology. They educate their buyers about modern means of technical expertise used in the requisite industry and are not afraid to highlight the materials and technology used in the contracts and proposals exclusively prepared for the buyers and investors. Also, the reduction in costs, energy, resource costs, maintenance requirements, high definition designs and simplified construction procedures are highlighted in these proposals. The materials used in the sustainable buildings help in minimizing lifecycle, reduce adverse

impact on the environment such as global warming, improve safety and ventilation and involve low maintenance costs.

Conclusion


It is recommended that before buying a property from a developer, you should acquaint yourself with every bit of necessary information. Before spending your money, make sure that you educate yourself about the location, the land on which the property is being constructed and the appropriate technology used. You must compare the costs of other projects in that area. The presence of expert advisors and guaranteed timing of completion are some of the other indicators that you’ve contacted the right developer. Speaking about the right developer, one name that comes to every mind is the Shriram Properties. Its Upcoming project ​Shriram Code Superstar​ located at Perungalathur is a perfect blend of technology and hard work which has made it a perfectly luxurious for the inhabitants. The locality in which it is situated combined with the range of amenities provided by the project makes it one of the best investment to make.


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