Industry Speaks
Nejeeb Khan, Head Design and Business Strategy in India, Katerra
The construction sector will be at the center of rapid economic and social change
Katerra specialises in putting modern technology to work at all levels of building design and construction to help address some of the most entrenched challenges. Nejeeb Khan, Head Design and Business Strategy in India, Katerra, believes that construction sector will play a crucial role in India’s growth. How is the construction sector coping with current challenges in Indian economy? The construction market in India is valued at $1.2 trillion plus and is a significant contributor to the economic and social growth of the nation. However, the sector faces numerous challenges, reducing its efficacy and unhindered growth prospects. The Indian construction industry, traditionally, has been quite slow in adopting new technologies, and this has been one of its biggest challenges. Several surveys show how, over the years, real estate developers have continued to under invest in technology-driven solutions for construction, despite acknowledging the many benefits that these solutions can provide to run and manage their construction projects.
adopt new technologies to stay relevant. A more technology-driven approach to design and construction can be a catalyst for India to become a global leader in the construction space and boost the Indian economy.
The broader focus of the industry currently is to make construction both sustainable and energy-efficient through advanced technologies. Strict project timelines and increasing costs make it necessary for companies in the construction space to
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January 2020
A C E UPDATE ARCHITECTURE
CONSTRUCTION
ENGINEERING
What kind of new inventions and techniques can we see in the upcoming year? Poised to become the world’s thirdlargest construction sector by 2025, India is witnessing a high uptake of modular
