Peak, Plateau or Prolonged Run?
Visualise the real-estate market through the property clock concept, where the 12 o’clock position represents the peak and the 6 o’clock position the slump. A unique feature of this clock is that changes in market indicators become marginal near the peak. So, the growth between 11 and 12 is slower than that between, say, 9 and 10, while 12 to 1 sees the beginning of a mild decline before any sharper correction emerges. In fact, the mildness of these variances near the peak make it difficult to declare that the market has topped out.Yet, here’s the thing: several city markets – because,..
The L1 Trap
If global shocks explain the pressure on India’s infrastructure sector, negative bidding explains its fragility. India’s public procurement system continues to rely heavily on the L1 (lowest bidder) model, where contracts are awarded primarily on the basis of the lowest cost. In theory, this approach promotes transparency and cost-efficiency. In practice, however, it often distorts pricing and undermines project viability.What is negative bidding?Negative bidding refers to contractors quoting 15-30 per cent below project estimates to secure contracts. To read the full article Click He..
We delivered a 40,000 sq ft project with zero cost overruns
Sripad Nandiraj, Founder & CEO, WeHouse, outlines the challenges within India’s fragmented construction ecosystem and the company’s technology-led approach to addressing them. By tackling the industry’s ‘trust deficit’ and delivering measurable outcomes such as reduced wastage and zero cost overruns, WeHouse is enabling a more transparent, predictable and scalable construction model.What specific gaps in India’s fragmented construction ecosystem were you solving first, and what still remain unresolved today?We didn’t start WeHouse to just ‘build houses’; we started it to ..
Latest Updates
