THE TECH INFUSION

Software and new technologies for the construction industry are getting bigger and real

The integration of construction technologies (contech) has significantly influenced India’s real estate market, accounting for about 57% of all property technology (proptech) startups. The primary focus is on enhancing construction efficiency through tools like construction management systems, collaboration software, and visualisation experiences. The adoption of such technologies has proven to reduce rework by up to 80% and slash construction time by up to 25%, proving to be a gamechanger in the sector.

A transformative shift is underway in the construction landscape. With new-age digital solutions, companies are streamlining their supply chain and operations like never before, turning chaos into clockwork precision. As per a McKinsey report, construction companies that integrate digital technologies in their supply chain and procurement processes can achieve productivity gains of up to 20% and cost reductions of up to 15%.