MJ Shah Group: Shreyans Shah, Managing Director
Large investments into the realty sector along with international building technology, and the benefits of lean construction have improved the quality of construction and output of the final product, including its cost efficiency.
It is necessary for us to become technologically efficient in order to deal with the challenges being faced by the industry.
We see a definite shift in the way the real estate industry is moving today. It is no longer confined to a brick-and-mortar structure but developers are constantly looking for ways to offer value to their customers. It has evolved into creating a healthy environment for people to live, work and play.
Most developers are adapting to latest in building technology which is a major differentiating factor in the construction industry today. Elements like Virtual Reality, Artificial Intelligence, Big Data, IoT and BIM are transforming the trends today, both in the commercial and residential housing sector.
Our projects are being designed to improve the living experience of the home buyers and create sustainable development. This results in a better product for the end-user and improves the speed of construction. We have systems in place to prevent work from being hampered in any way. We believe this pandemic should not stop us from doing what we always do; but do it a little differently.
Lean construction is fast gaining prominence in the construction industry.
While the Indian construction industry is passing through a challenging phase, the need of the hour for developers is to employ the latest construction techniques, which should also be cost-effective for the home buyer. There are several issues that plague the realty sector such as low productivity, lack of proper skill sets of laborers’, safety, time over-runs, cost over-runs, etc. To address these issues, various tools and methodologies have been developed - one of the most successful being lean construction.
Since the concept is new in India, its implementation is one of the main challenges, as it requires skilled labor that is hard to come by. Lean is a long-term transformational process which is inclusive and multi-dimensional, encompassing all the stakeholders. It is an integrated process that involves people, product, and place. Hence, coordination is key to the success of its implementation.
The benefits to the company are immense. Implementing lean processes in construction helps reduce costs to a sizeable extent. It is about doing more with less time, inventory, space, labor, and money. Lean production is a systematic elimination of waste like overproduction, waiting, transportation, inventory, and over-processing. There are five issues that drive lean construction: cost, quality, delivery, safety, and morale.
Lean construction techniques are gaining popularity because they can affect the bottom line of projects. The notion is to reduce waste, save time and efforts for efficient use of resources and timely completion of the projects. This approach tries to manage and improve construction processes with minimum cost and maximum value by considering customer needs.
We are optimistic that things will only get better from here on.
The pandemic has disrupted businesses across the world, resulting in significant revenue loss, and adversely impacting global economies. Enforced lockdowns and subsequent ‘work from home’ (WFH) became the new norm. Our usual work schedules were disrupted and people had to settle to the new way of life.
In order to keep business moving, we took stringent measures for the safety of our office staff and workers. We followed the government’s diktat and directed our staff to WFH. Our construction activities did stop initially, but with the gradual easing of restriction rules; our workforce resumed their duties - taking all the steps necessary to ensure that everyone was safe.
We conducted Covid tests, which helped us oversee proper management of the Covid spread and ensure that the work environment was completely safe and sanitized. We reached out not only to our employees but also to their families. We allayed their fears and addressed their concerns – all this helped boost their morale and to give their best. Presently, we are doing pretty well in terms of property sales, and with the threat of the second wave receding, we are optimistic that things will only get better.
It is necessary for us to become technologically efficient in order to deal with the challenges being faced by the industry.
We see a definite shift in the way the real estate industry is moving today. It is no longer confined to a brick-and-mortar structure but developers are constantly looking for ways to offer value to their customers. It has evolved into creating a healthy environment for people to live, work and play.
Most developers are adapting to latest in building technology which is a major differentiating factor in the construction industry today. Elements like Virtual Reality, Artificial Intelligence, Big Data, IoT and BIM are transforming the trends today, both in the commercial and residential housing sector.
Our projects are being designed to improve the living experience of the home buyers and create sustainable development. This results in a better product for the end-user and improves the speed of construction. We have systems in place to prevent work from being hampered in any way. We believe this pandemic should not stop us from doing what we always do; but do it a little differently.
Lean construction is fast gaining prominence in the construction industry.
While the Indian construction industry is passing through a challenging phase, the need of the hour for developers is to employ the latest construction techniques, which should also be cost-effective for the home buyer. There are several issues that plague the realty sector such as low productivity, lack of proper skill sets of laborers’, safety, time over-runs, cost over-runs, etc. To address these issues, various tools and methodologies have been developed - one of the most successful being lean construction.
Since the concept is new in India, its implementation is one of the main challenges, as it requires skilled labor that is hard to come by. Lean is a long-term transformational process which is inclusive and multi-dimensional, encompassing all the stakeholders. It is an integrated process that involves people, product, and place. Hence, coordination is key to the success of its implementation.
The benefits to the company are immense. Implementing lean processes in construction helps reduce costs to a sizeable extent. It is about doing more with less time, inventory, space, labor, and money. Lean production is a systematic elimination of waste like overproduction, waiting, transportation, inventory, and over-processing. There are five issues that drive lean construction: cost, quality, delivery, safety, and morale.
Lean construction techniques are gaining popularity because they can affect the bottom line of projects. The notion is to reduce waste, save time and efforts for efficient use of resources and timely completion of the projects. This approach tries to manage and improve construction processes with minimum cost and maximum value by considering customer needs.
We are optimistic that things will only get better from here on.
The pandemic has disrupted businesses across the world, resulting in significant revenue loss, and adversely impacting global economies. Enforced lockdowns and subsequent ‘work from home’ (WFH) became the new norm. Our usual work schedules were disrupted and people had to settle to the new way of life.
In order to keep business moving, we took stringent measures for the safety of our office staff and workers. We followed the government’s diktat and directed our staff to WFH. Our construction activities did stop initially, but with the gradual easing of restriction rules; our workforce resumed their duties - taking all the steps necessary to ensure that everyone was safe.
We conducted Covid tests, which helped us oversee proper management of the Covid spread and ensure that the work environment was completely safe and sanitized. We reached out not only to our employees but also to their families. We allayed their fears and addressed their concerns – all this helped boost their morale and to give their best. Presently, we are doing pretty well in terms of property sales, and with the threat of the second wave receding, we are optimistic that things will only get better.
NBM&CW July 2021