Banglore Based Startup Buildahome Aims To Be A One Stop Shop For All Needs Related To Home Construction
Bangalore attracts a lot of people because to its thriving economy, varied culture, and abundant opportunities. Bangalore is home to a thriving tech industry. Affordable housing has experienced a substantial shift in Bangalore's real estate sector. The expense of living in the metropolis keeps going up. Business World spoke with Abhijith R Priyan, CEO, buildAhome, about how more people are looking for affordable housing solutions.
Bengaluru is seeing a breath of fresh air in real estate projects. Please share some insight on Bengaluru real estate market.
Talking about Bengaluru I would say that the real estate market in the city has been on an upward trend for several years, and it continues to see a breath of fresh air in the form of new real estate projects. One of the key drivers of the Bengaluru real estate market is the growing demand for housing due to the city's increasing population and the influx of people seeking job opportunities. The demand is particularly high for affordable housing, and developers are responding by launching projects that cater to this segment.
The city's infrastructure development, including the expansion of the metro rail network and road widening projects, has also contributed to the growth of the real estate market in Bengaluru. These projects have made it easier for people to commute to different parts of the city, making areas that were previously considered remote more accessible and desirable for homebuyers.Another factor driving the real estate market in Bengaluru is the growth of the commercial real estate sector. The city's IT and startup industries are expanding rapidly, leading to an increased demand for office space. This has resulted in the development of several new commercial real estate projects, which have in turn created employment opportunities and driven the demand for housing.Overall, the real estate market in Bengaluru is expected to continue to grow in the coming years, with developers focusing on affordable housing and commercial real estate projects.
How do you think affordable home construction can be expedited?
Well, in my opinion, there are various ways that affordable home construction can be expedited for instance:
Streamlining the approval process:
One of the biggest challenges in affordable home construction is navigating the complex web of regulations and permits required to build a new home. Governments can expedite the process by simplifying the regulatory framework, eliminating unnecessary permits, and creating a streamlined approval process.
Standardization of construction methods and materials:
Standardization of construction methods and materials can reduce the time and cost of building a new home. For example, modular or prefabricated construction methods can reduce construction time by 30 per cent to 50 per cent compared to traditional construction methods.
Use of technology:
Technology can help expedite affordable home construction in several ways. Building information modeling (BIM) software can help architects and engineers design buildings more efficiently, while 3D printing can reduce construction time and costs by printing entire building components.
What is the range of services you currently offer to your customers?
buildAhome is an end-to-end turnkey home construction company. We prioritize making the home construction process effortless for our customers, without the use of external sub contractors. From concept to completion, buildAhome manages everything with utmost transparency unlike most companies that are largely aggregators and function as middle-men in the business. This allows control over the entire process, which can help ensure a high-quality outcome.
The fact that buildAhome uses its own technology to accurately calculate the amount of labor and raw materials needed for each project is impressive. This level of precision and accuracy can help ensure that projects are completed on time and within budget. Furthermore, the company's commitment to green home construction is commendable. The use of cutting-edge technologies to create more wellness-minded and sustainable lifestyles for customers can help reduce carbon footprints and promote a more environmentally friendly approach to home construction.Overall, buildAhome's approach to home construction, with its focus on transparency, technology, and sustainability, sets it apart from many other companies in the industry.
How Buildahome is setting itself different from its competitors and how the company is embracing technology in the construction space?
buildAhome is the pioneer and leader in green home constructions and use of innovative technology, which is also our USP. We have made a significant impact in the construction industry with our efforts towards green home development. Over the years, the company has built several eco-friendly homes that prioritize sustainability and aim to minimize their carbon footprint.
With a team of highly qualified experts with knowledge in building and real estate development, the company is well-equipped to provide full-service turnkey development and construction services.
The fact that the majority of buildAhome's customers come from referrals and word of mouth is a testament to the quality of their services and customer experience. This has helped the company keep its marketing costs low and invest in the right places, such as technology and customer experience. Overall, it sounds like buildAhome is a reliable and experienced partner for those looking to build their dream homes, offering top-notch services, competitive pricing, and a focus on customer experience.We use the latest AR/VR modules to showcase innovation in concepts, designs and elevations. We are also deploying technologies that will allow clients to design their ideal homes and buildAhome to adapt to their design requirements with few to no architectural modifications. The goal is to use technology to make home construction a more complicated but comfortable process for the home owners. We also offer the greatest ERP systems in the business for product development, allowing vendors and contractors to submit their bids and obtain information on the supply and demand of their goods.
Homes in Bengaluru are now at a premium. Can the concept of affordable homes be brought into the city?
The concept of affordable homes can certainly be brought into Bengaluru, as it is a growing concern in many cities around the world. With rising property prices, it can be challenging for people to find affordable homes in desirable locations, including Bengaluru. One way to bring affordable homes to Bengaluru is through the use of innovative building techniques and materials, as well as a streamlined and efficient construction process. This can help reduce the overall cost of building homes and make them more accessible to a wider range of people.
Another approach is to explore alternative forms of housing, such as micro-housing, co-living and shared housing, which can help reduce the cost of living and housing expenses. This can be especially beneficial for young professionals and students who may not need a lot of space and are willing to share living spaces. Furthermore, the government can also play a role in promoting the development of affordable housing through incentives and subsidies for developers who build affordable homes. This can help make it more financially viable for developers to build affordable homes in desirable locations.
In summary, while homes in Bengaluru may be at a premium, there are several strategies that can be employed to bring affordable homes into the city, including innovative building techniques, alternative forms of housing, and government incentives for developers.
What is the overall growth of your company that you have witnessed in terms of numbers? If you can share the matrix year on year.
In my opinion, buildAhome prioritizes affordability and transparency for our clients. We as a company have experienced 100% YoY growth and have generated such significant income in the past few years. Our focus on healthy and sustainable living has also been called to be commendable, as it aligns with current trends toward more environmentally friendly and sustainable practices in the construction industry.
As a fully bootstrapped company, we have shown that it is possible to achieve significant growth and success without external funding, which is an impressive feat. It is also a testament to the quality of our services and the value that we bring to our clients. Additionally, buildAhome is a company that is committed to providing a high level of service to its clients, while also striving towards a larger goal of promoting healthy and sustainable living.
For the long term, how are you proposing to grow in the space of Green and Sustainable Homes?
Honestly, our first emphasis has always been on sustainability as it is important because it not only reduces the impact on the environment but also creates healthier living spaces for residents. Sustainable construction materials and practices can improve indoor air quality, reduce the use of harmful chemicals, and decrease energy consumption, which all contribute to better health outcomes for occupants. In addition, our firm focuses on creating holistic residences that connect the mind, body, and environment is an innovative approach that goes beyond traditional "green residences." By considering the impact of the built environment on human health and well-being, we create homes that promote relaxation, stress reduction, and a sense of calm.
Overall, buildAhome is taking a thoughtful and innovative approach to home construction that prioritizes sustainability and holistic living. By expanding into northern India and bringing these practices to a new region, our firm is making a positive impact on the environment and the health and well-being of residents.
