Stem waste while building to boost real estate margins

Real estate returns have dwindled in the last couple of years. Novice pundits have casually attributed this solely to the vagaries of our economy, some say it is the birth pains to a bubble. I disagree to a large extent. Our erratic economy isn’t bespoke to us, the global economy, for varied reasons, is too facing unprecedented times.

What is unique to us is that the construction and real estate industry continue to face challenges that are partly our own creation. Amid the 21st century global challenges, our construction methods, as Sherlock would say, remain elementary. How do we expect high real estate margins when we are stuck to medieval construction ways that have normalised time and cost overruns on nearly every project? It’s time we tried new construction methods. Lean construction? Definitely.