India's rapid growth and urbanisation is raising interest from investors from all around the world and large sums of money need to be raised to ease the shortage of office towers, warehouses and shopping malls to apartments, leisure complexes and hotel rooms. Furthermore, the tourist industry is rapidly becoming a lucrative affair and the demand for hotel rooms is growing exponentially fast while the country still has very little to offer. The Indian government currently develops programmes for low cost affordable housing to help compound the scarcity of houses for lower to middle income buyers.
The construction boom in infrastructure, as well as residential and retail building, has triggered a labour shortage. The infrastructure build-out plan requires 92 million man-years of labour, roughly one-third more than the market provides today. Specialists also estimate that 24 millions new homes need to be built by the year 2015(*).
Yechte Group targets small-scale developments in the residential and hospitality sectors. We are committed to integrate scalable technologies and eco-friendly building principles to locally sourced raw materials. Our developments would generate added value by defining orientation, cross-ventilation, shading, and rainwater collection, solar water heating and communal solar kitchens, as well as defined inter-connected mixed use areas.
(*) Grassroots Development Laboratory.
