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Keeping within budget is key in Indian Construction Industry

 

June 18, 2009

 

Many builders and developers are marketing their products 30% lower than their listed price. This means reduction in margins. This is tempting many of the builders to reduce the costs especially for construction. Many have taken steps to minimize the costs of constructing property in India.

 

During the later part of 2008 and during 2009, the price per square feet has declined, from 5000 Indian Rupees to 2500 Indian Rupees. Many are trying to keep the construction cost to bare minimum. The design for buildings and materials for construction are chosen to meet these criteria. Every one in this industry is trying to establish ways and processes to survive the loss of profit margin in this financial downturn.

 

How this lost cost efforts is going to affect the quality of products from builders and developers? This is a question to debate on. All players in this industry should keep the quality of their products to a good bearable standard while trying to keep cost low. How far they can achieve this is a question!

 


 

                   


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