Warren Buffet once said,” "It's the only thing you can't buy. I mean, I can buy anything I want basically but I can't buy time.” Time is money and even the richest person on earth admits it. Now, imagine the old scenario when landowners and prospective factory owners had to wait for a year or more to get their structure up and ready in order to capitalize on an opportunity, which they had in mind.
Now imagine another scenario where the same owners can start working on their idea in just 3 months! How you ask? Prefabricated Structure and Pre-engineered buildings. Not only they save time but they also provide stronger, long lasting, energy efficient roofing and all these at a much lower cost.
Real Estate industry has seen its ups and down. It is probably one of the most closely watched industries. Prefabricated Structures and Pre Engineered Buildings have although revolutionized it and tried to bring a little bit stability to it. As investment is lower, people do not really have to worry too much about their pockets and hence they do not push too many infrastructure projects in the future.
We all know the advantages of Prefab and P.E.B structures. However, why is it still the best thing? Why is it here to stay? The answer is easy to understand. When people talk about infrastructure they think about structures made from bricks and cement. Brick manufacturers use coal in production process but in the recent years, coal availability has become difficult with its impact on the environment. Steel on the other hand has come up as an easy substitute and has proven to be better due its characteristics. Hence, with raw material being easily available Prefab and P.E.B structures are taking over the industrial infrastructure sector from the old and orthodox ways of building structures.
Why is it the future? Let me explain it with an example. In 1967 America introduced its ATM Machine to the country, India did the same in 1987 exactly 20 years after U.S.A. America started modular housing concept and prefabricated building structures in the year 2000-2002 and if we were to follow the ATM trend, then, it should also reach India By 2022-2025. We would like make it very clear that delay adoption of technology has nothing to with education or state of the country but with hostility to adopt change. According to KPMG, Modular housing will be needed to fill the demand of 18.8 million houses in cities due to rise in urban population and income. With government also setting a target of achieving housing for every family in the country by 2025, it looks a very bright and exciting prospect for Real estate industry and in turn for the prefabricated industry as well.
Therefore, with so many factors working in the favor of Prefabrication & P.E.B industry, it is very clear that it is here to stay and be the best thing that happened to the real estate industry. Hence, we urge you to accept prefab and P.E.B with both hands and your industry and work will always be in safe hands.