Latest Construction Industry Trends in India

India has one of the world’s largest construction markets. The construction industry is embracing technology in order to improve the efficiency and long-term viability of construction management and site operations. The market is primarily driven by real estate and infrastructural projects and consists of industrial, residential, commercial, infrastructural, institutional, and energy and utility projects. There seems to be a design revolution in this field, one that is supported by the requirement to adopt cutting-edge techniques and technologies to adapt to changing lifestyles and for sustainability. Let us see how this sector has revolutionized and what lies in its future. 

How does the Traditional Construction Industry Function?

The infrastructure site, where the project takes shape from the planned designs, serves as the hub for the bulk of work done in the sector. The on-site personnel is the main players in a traditional infrastructure-building job. The workplace, the employees—it all seems so straightforward until we factor in the decision-makers and the decision-implementers. 

The structure and complexity of a building project make the workflow exceedingly time-consuming and labor-intensive. In this disjointed information-relay system, the project owner coordinates from his office with the contractor, who occasionally talks with the subcontractors on the job site. 

How are Construction Tech Startups Contributing?

As with all other sectors, this sector is undergoing rapid digital change, which will be essential in addressing sustainability issues and other long-standing problems. Renowned companies in this field are utilizing technology to increase productivity, lower risk, and make data-driven decisions to address difficulties that have only gotten more pressing since the pandemic. One such construction tech startup that has been doing very well in the market is McCoy Mart.

McCoy Mart helps bring transparency to a sector known for its information asymmetries. This is not seen as just another business but as a revolutionary force that has molded and is still influencing this industry in our nation.

The business has developed a platform that lets teams monitor the costs of their projects. Its scanning program promises to assist teams on project sites in automating various operations, from receiving bills to staff hour monitoring.

By bridging the gap between the office and the field, the McCoy Mart app offers a project dashboard that enables project managers to monitor budget notifications and real-time phase data. An app for field employees allows for time monitoring, material ordering, delivery tracking, and costing projects. The platform also features a pricing catalog that enables providers to compare prices and supplier tracking.

How is the Industry Evolving after COVID?

One of the most severely impacted sectors due to COVID-19 has been the construction industry, where job sites have sat idle for months. It has compelled contractors all across the world to implement significant changes to their working practices almost immediately. Even though practically every sector has been impacted, contractors have faced challenging obstacles.

Since the pandemic, this sector has undergone a digital transformation as a result of consequences that have caused significant changes to the way we work. Because remote labor has become the norm, architectural activities are frequently carried out online to maintain operations.

Long-term changes and the adoption of new technology to enable remote working has been sparked by short-term trends. Future operations in the industry will be more resilient, productive, and efficient due to digital transformation.

Although digitization has helped some aspects of the sector weather the storm, more effort must be made to achieve the best possible results from new digital solutions. Engineers and material producers must modify their BIMs for remote sales and market accessibility. Project cooperation must be centralized onto a single platform to ensure the effectiveness of off-site work.

How is Technology Helping the Construction Industry Grow?

The adoption of new technology in this sector has historically been gradual. However, this is beginning to change as more businesses become aware of the significant impact these technologies may have on their bottom line. Companies should explore the range of available solutions, watch demos, or test the solutions before selecting which would best help solve their company’s major difficulties. Then, they should try the solutions or watch demonstrations of them.

Companies must adopt, embrace, and invest in new technologies to use them successfully after conducting research and testing. A construction company must ensure that all personnel utilizes new technologies after that decision has been made. The most effective ways to accomplish this are through extensive education and training. Education not only helps staff employees better comprehend the new technology’s advantages but also assures them that they are utilizing it responsibly. Lastly, adopting technology necessitates a time and financial investment for equipment, implementation, education and training, maintenance, and upgrades. These investments must be considered while creating the company’s budget and schedule.

The architecture industry’s continuous efforts are meeting the home market’s increasing demand. However, it is incredibly disorganized, and building or renovating a home might be difficult. Each stage of this journey needs to be carefully planned and carried out. This is where aggregator platforms like McCoy Mart come into play. These tech-enabled platforms are becoming more well-known due to technology’s changing role in the construction sector. By providing all building-related solutions under one roof, they strive to streamline the entire infrastructural process and help grow the construction industry. They expertly oversee each stage and give consumers the dream homes that fit their needs and budget.

The Bottom Line

For a thriving community of architects, developers, consultants, and homeowners, McCoy Mart is the top marketplace for construction-related specialties. We are proud to have India’s largest database of authentic architects, builders, and contractors. With the help of a robust content article database, these communities can connect with the best-in-class items and reliable suppliers across product groups. To learn more about the most recent updates, utilize the McCoy Mart app.

Author Bio- Rishu Ranjan is an SEO and content writing professional with a bachelor’s degree in Business Administration, currently working with one of the leading e-commerce platforms in India McCoy Mart. In his free time, he loves to travel, watch cricket and read George R. R. Martin’s song of ice and fire.