Anuj Khetan, Director - Vijay Khetan Group
Anuj Khetan, Director
Construction technology is constantly evolving, allowing for faster completion than in previous years. Adoption of technologies such as aluminium formwork are major steps in this direction. This is a versatile construction technology that involves recyclable and reusable materials and results in durable and highly sustainable buildings. By using the aluminium formwork, we are getting accurate dimensions and sizes as per the plans, which reduces the construction cycle time as compared to conventional formwork systems.

Digital launches will boost the developers’ confidence and help revive the Real Estate sector on the back of lower home loan rates and reduction in stamp duty.
The struggling Real Estate sector and the home buyers trapped in Covid–19 worries, have been relieved a bit with the measures being taken by the government. The impact will be a temporary one as the situation is bound to recover sooner or later. The government advisory to avoid social activities is certainly going to impact site visits and housing sales.

Vijay Khetan Group has initiated a digital launch for their upcoming project Codename Amazon in Andheri East. Such digital launches will boost the developers’ confidence and help revive the Real Estate sector on the back of lower home loan rates and reduction in stamp duty

The problem of a shrinking economy can only be solved by lowering the EMI rates, giving enough time to repay loans, and more credit loans.
Krishna Residences
Now that government has allowed the functions of construction activities, it is now necessary to first focus on under-construction projects. Proper health and hygiene will always remain a priority of labourers who are working at the sites. We are conducting medical check-ups to ensure their proper health and have provided labour camps and resources for their daily food and other necessities.

With the economy majorly falling, the government needs to address the problem of liquidity crunch faced by everyone. The problem of a shrinking economy can only be solved by lowering the EMI rates, giving enough time to repay loans, and more credit loans.

The focus of developers and the industry at large needs to be on project completion and timely delivery.
For the speedy recovery of the sector, which was already affected due to pandemic, we expect the government to implement a Real Estate stress fund. A policy to clear unsold inventory first and the most important better clarity on GST. There is great confusion among the taxpayers, as they are clueless about how much they are obliged to pay on purchase of homes. When there is better clarity, buyers will certainly leave the fence and come back to the market.

The industry aspires to see a win-win situation for the developers and homebuyers. With GST, stamp duty, income tax, and capital gains tax already a burden on homebuyers; an income tax rebate could be provided for new home buyers. A temporary suspension of GST or introduction of 1 per cent GST for under-construction properties would help reduce the transaction cost for the homebuyers and would boost the much-needed demand in the market. The focus of developers and the industry at large needs to be on project completion and timely delivery.

A digital revolution will play a big role in delivering services to the people in India.
Given that the Real Estate sector contributes significantly to India’s economic growth, it is important to broadly analyse on how the outbreak will influence this sector, but it’s still premature to assess the current impact.

A digital revolution will play a big role in delivering services to the people in India that aims to achieve seamless delivery of services through digital governance. Consumers will prefer seeing properties online through virtual tours and may not visit the site physically. The industry is taking all possible measures to mitigate the impact of the pandemic on their businesses by ensuring favourable pricing, moderating sales targets, etc, and we hope for the continued support from the Government.

Krishna ResidencesKrishna Residences

The adoption of various revolutionary construction technology is a vital step towards making budget housing available within market-viable timelines.
Use of technologically advanced construction equipment and support of OEMs will help the Real Estate players to make up lost time and complete projects on time. This will help in bringing India a step closer to meet its massive shortfall of affordable housing. Construction technology is constantly evolving, allowing for faster completion than in previous years.

Adoption of technologies such as aluminium formwork are major steps in this direction. This is a versatile construction technology that involves recyclable and reusable materials and results in durable and highly sustainable buildings. By using the aluminium formwork, we are getting accurate dimensions and sizes as per the plans, which enhance the quality of work. Such modern formwork technologies reduce the construction cycle time as compared to conventional formwork systems. Such technologies are being increasingly used by most of the reputed developers in our country.
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