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Innovative Revolution of Real Estate Industry with MIVAN

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With the rapid evolution of technology within the Indian real estate market, the construction industry plays a major role in the GDP of the nation, providing employment opportunities to at least 33 million individuals. Due to the scarcity of space in the town areas, major real estate companies have moved their construction sites towards the suburbs. Therefore, there has been a rise in massive self-sufficient gated communities as well as modern, commercial and retails projects that provide a wide range of offerings.

The growth of real estate development, comprising of high-rise buildings, have been observing the current conventional system which is turning out to be costly and time-consuming. The continuous delays result in the escalation of costs, leading developers to raise the property prices in return. Along with this, there has been an acute shortage of skilled manpower, leading developers to look for different methods instead of resorting to old and conventional methods. Hence, the time taken for construction is further stretched, leaving it unattainable for buyers.

To tackle this construction issue; an aluminum wall formwork, commonly known as MIVAN technology, was developed as a suitable replacement to conventional methods of construction that possessed the advantages of quality, time and requirements of skilled sources. MIVAN technology was designed for load bearing walls and structural stability, capable of withstanding lateral movements, seismic forces and the forces of the wind on high-rise buildings.

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The basic element of the MIVAN formwork is the panel, which is an extruded aluminum rail section welded to an aluminum sheet. This produces a lightweight panel with an excellent stiffness to weight ratio, yielding minimal deflection under concrete loading. They can be manufactured in any size and shape to suit the requirements of specific projects. Once assembled, they are subjected to a trial erection in order to eliminate any dimensional or on-site problems. The formwork reduces turnaround time by almost half as compared to conventional techniques, thereby eliminating labour and the need of maintenance for longer durations of time. The box type construction provides more seismic resistance to the structure, providing a level of durability greater than that of a conventional brick masonry. Using MIVAN technology also allows for the completion of the construction work at a faster pace, thanks to the light weight of the aluminum form.

MIVAN technology offers higher efficiency, almost zero wastage and a massive reduction in the skilled resources required for constructing the shell and core of the building; thereby substantially bringing down the overall cost of the project. However, volume plays a major role in the usage of the technology, capable of providing the cost-efficient benefit only to large scaled projects with similar layouts. Thankfully, Change is welcomed in the real estate industry as the new generation of developers are giving the required momentum to these new advancements in technology, in turn providing the much-needed shape to the construction industry. With professionalism on the rise, greater emphasis is given to quality consciousness and timely delivery of projects, giving impetus to the switch from conventional to innovative methods. This kind of driving force would induce a revolution within the real estate market.

Source – economictimes.indiatimes.com

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