--- title: "Safe as houses: it's the fundamentals that matter and India has got them right" description: "Safe as houses: it's the fundamentals that matter and India has got them right" image: https://blog.modulexglobal.com/hubfs/blog-25.webp --- [Skip to content](https://blog.modulexglobal.com/safe-as-houses-its-the-fundamentals-that-matter-and-india-has-got-them-right#main-content) [![Modulex Logo PNG](https://blog.modulexglobal.com/hubfs/Red%20Ribbon%20-%202022/Modulex%20-%20In/Modulex%20Logo%20PNG.svg "Modulex Logo PNG")](http://redribbon.co) - [About Us](http://www.modulexglobal.com/about-us) - [Technology](http://www.modulexglobal.com/technology) - [Franchise](http://www.modulexglobal.com/franchise) - [India Factory](http://www.modulexglobal.com/india-factory) - [News](https://blog.modulexglobal.com) - [Contact Us](http://www.modulexglobal.com/contact-us) - [About Us](http://www.modulexglobal.com/about-us) - [Technology](http://www.modulexglobal.com/technology) - [Franchise](http://www.modulexglobal.com/franchise) - [India Factory](http://www.modulexglobal.com/india-factory) - [News](https://blog.modulexglobal.com) - [Contact Us](http://www.modulexglobal.com/contact-us) - [![Group (2)](https://blog.modulexglobal.com/hubfs/Group%20(2).svg) Introduction](https://www.modulexglobal.com/about-us#intro) - [![Team](https://blog.modulexglobal.com/hubfs/Team.svg) Team](https://www.modulexglobal.com/about-us#team) - [![Values](https://blog.modulexglobal.com/hubfs/Values.svg) Values](https://www.modulexglobal.com/about-us#values) Driven by an experienced management team, Modulex is a UK-based ConstrucTech business delivering 'Modular Buildings 2.O' [Learn More ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/about-us-old) - [![Group (2)](https://blog.modulexglobal.com/hubfs/Group%20(2).svg) Introduction](https://www.modulexglobal.com/technology#tech-intro) - [![Key Features-1](https://blog.modulexglobal.com/hubfs/Key%20Features-1.svg) Key Features](https://www.modulexglobal.com/technology#tech-Key-Features) - [![Process](https://blog.modulexglobal.com/hubfs/Process.svg) Process](https://www.modulexglobal.com/technology#tech-process) - [![FAQ's](https://blog.modulexglobal.com/hubfs/FAQ.svg) FAQ's](https://www.modulexglobal.com/technology#tech-FAQ) Our proprietary technology is a Modern Method of Construction, which entails the construction of 3D volumetric steel modular buildings. [Learn More ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/technology) - [![Group (2)](https://blog.modulexglobal.com/hubfs/Group%20(2).svg) Introduction](https://www.modulexglobal.com/franchise#f-intro) - [![Terms](https://blog.modulexglobal.com/hubfs/Terms.svg) Terms](https://www.modulexglobal.com/franchise#f-terms) - [![Franchise](https://blog.modulexglobal.com/hubfs/Franchise.svg) Franchisees](https://www.modulexglobal.com/franchise) - [India](https://www.modulexglobal.com/franchise#f-India) - [Mauritius](https://www.modulexglobal.com/franchise#f-Mauritius) Join us on the path to positively transforming the construction industry in frontier economies with emerging technologies. [Learn More ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/franchise) - [![Terms](https://blog.modulexglobal.com/hubfs/Terms.svg) Investor Update](https://blog.modulexglobal.com/investor-update) [Get in touch ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/contact-us) - [![Group (2)](https://blog.modulexglobal.com/hubfs/Group%20(2).svg) Introduction](https://www.modulexglobal.com/about-us#intro) - [![Team](https://blog.modulexglobal.com/hubfs/Team.svg) Team](https://www.modulexglobal.com/about-us#team) - [![Values](https://blog.modulexglobal.com/hubfs/Values.svg) Values](https://www.modulexglobal.com/about-us#values) Driven by an experienced management team, Modulex is a UK-based ConstrucTech business delivering 'Modular Buildings 2.O' [Learn More ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/about-us-old) - [![Group (2)](https://blog.modulexglobal.com/hubfs/Group%20(2).svg) Introduction](https://www.modulexglobal.com/technology#tech-intro) - [![Key Features-1](https://blog.modulexglobal.com/hubfs/Key%20Features-1.svg) Key Features](https://www.modulexglobal.com/technology#tech-Key-Features) - [![Process](https://blog.modulexglobal.com/hubfs/Process.svg) Process](https://www.modulexglobal.com/technology#tech-process) - [![FAQ's](https://blog.modulexglobal.com/hubfs/FAQ.svg) FAQ's](https://www.modulexglobal.com/technology#tech-FAQ) Our proprietary technology is a Modern Method of Construction, which entails the construction of 3D volumetric steel modular buildings. [Learn More ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/technology) - [![Group (2)](https://blog.modulexglobal.com/hubfs/Group%20(2).svg) Introduction](https://www.modulexglobal.com/franchise#f-intro) - [![Terms](https://blog.modulexglobal.com/hubfs/Terms.svg) Terms](https://www.modulexglobal.com/franchise#f-terms) - [![Franchise](https://blog.modulexglobal.com/hubfs/Franchise.svg) Franchisees](https://www.modulexglobal.com/franchise) - [India](https://www.modulexglobal.com/franchise#f-India) - [Mauritius](https://www.modulexglobal.com/franchise#f-Mauritius) Join us on the path to positively transforming the construction industry in frontier economies with emerging technologies. [Learn More ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/franchise) - [![Terms](https://blog.modulexglobal.com/hubfs/Terms.svg) Investor Update](https://blog.modulexglobal.com/investor-update) [Get in touch ![long-text](https://blog.modulexglobal.com/hubfs/raw_assets/public/Modulex-In-2022/images/module-icons/long-arrow.svg)](http://www.modulexglobal.com/contact-us) ![](https://blog.modulexglobal.com/hubfs/blog-25.webp) ### Safe as houses: it's the fundamentals that matter and India has got them right June 15, 2019 4 minute read \[videoplayer main\_style="style-1" video\_link="https://www.youtube.com/watch?time\_continue=2&v=XChotXfap9A" title\_font\_options="tag:div" subtitle\_font\_options="tag:div" title="Meeting Need with Speed: Modular Construction as a key innovator"\]\[dfd\_heading content\_alignment="text-left" delimiter\_margin="margin-top:10px;" style="style\_01" title\_font\_options="tag:h2|color:%23dcdb22" subtitle\_font\_options="tag:h3" heading\_margin="margin-top:30px;"\]Why donald trump’s twitters mean more infrastructure investment in india… and soon\[/dfd\_heading\]Safe as Houses? Not quite.Even without the market shredding impact of America’s Sub Prime crisis of the last decade, house prices had fallen in the United Kingdom by 18% between 1989 and 1995 (in London the fall was closer to 37%), and in Japan prices fell by more than 60% between 1990 and 2000: between 1987 and 2007, the S&P Index in the States rose by more than 500%, compared with a 200% growth in US real estate. And of course, the seemingly overwhelming case for equities over bricks and mortar during this turbulent twenty-year period wasn’t hard to explain. The United States, in common with most western economies, was riding high(ish) on a tide of acronyms, CDOs and CDSs, not to mention the sliced and diced (and dodgy) mortgage portfolios taken to market with a guaranteed AAA rating. It’s a problem, because coming the other way down India’s infrastructure and logistics superhighway is an unprecedented surge in demand for urban housing, fuelled by an increasingly urbanised population projected to become the biggest on the planet by 2022. India’s National Skill Development Council predicts that by then the real estate and construction sector will require a workforce of more than 66 Million, so without any obvious core of skilled workers currently able to sustain anything like growth it’s no wonder the sector is starting to show signs of stress. Of course all this was supposed to be addressed by 2016’s Real Estate (Regulation and Development) Act which was intended to act as a platform for local, State driven planning capable of creating an appropriate environment for improved training and regulatory structures, but so far six States out of 29 have failed to produce any plans at all under the legislation which means finding workers with the right skills in the right place will continue to be a source of real concern. Billionaire developer Niranjan Hiranandani, head of Hiranandani Construction, has a simple enough solution: just pay unskilled workers less and reap the savings while you can. But that’s not a particularly attractive solution for anyone buying one of his apartments 76 floors up in the Mumbai skyline where quality assurance is far from being a dispensable extra. The behemoth that is Hindustan Construction Company perhaps takes a slightly more realistic approach, going on record last week to say that skills shortages have become a huge problem for the sector: 50% of its workforce needs advanced training just to use the complex machinery now prevalent on most modern building sites. With a heavy tone of understatement a spokesman for the company announced grandly that given these skilled workers are not available, “the only option is to train them”. Well, it’s not quite the only option… With no actual shortage of workers seeking employment in India’s urban conurbations, particularly in the light of a seemingly inexorable drift of former agricultural workers from country to town, what if the physical construction process itself could be de-skilled? Why not make a virtue of necessity and draw on this pool of former agricultural labourers to release the margins of between 20% to 70% that Deloitte India predict would follow from a wholesale deskilling initiative? These savings would go straight to the bottom line without endangering the quality and safety of the finished building. Skilled construction workers earn Rs 1,000 a day as opposed to their unskilled counterparts who earn an average of Rs 200. And there is just such a business model on the market right now, a model with the potential to uncouple construction projects from a seemingly insoluble skills conundrum: it’s called Modular Construction. Modern Modular technologies allow all of the building’s key components to be put together off site by specialist workers and then assembled locally at the same time as the site works are completed, not only reducing overall completion schedules by as much as 50% but also significantly reducing the need for skilled workers in the construction phase. All of the design and engineering disciplines are instead concentrated at the offsite manufacturing facility leading to labour, financing and supervision costs. Which will all be music to Mr Hiranandani’s ears… Modulex Construction is the World’s largest and India’s first Steel Modular Construction Company, meeting the challenges of the subcontinent’s current urban housing shortages in a practical and focused manner. The company was founded by [Red Ribbon](https://redribbon.co) as part of an innovative project to harness the potential of India’s dynamic and evolving real estate markets whilst at the same time delivering opportunities for investors through Red Ribbon platform. Because, when it comes to investing on the subcontinent, nobody knows India’s markets better than Red Ribbon.\[dfd\_button button\_text="Learn More about Modulex" alignment="text-left" buttom\_link\_src="url:https%3A%2F%2Fmodulex.in||target:%20\_blank|rel:nofollow" hover\_text\_color="#000000" hover\_background="#dcdb22" border="border-style:none;|border-width:1px;border-radius:2px;|border-color:#1b1b1b;" hover\_border="border-style:none;|border-width:1px;border-radius:2px;|border-color:#c39f76;" style="style\_1" padding\_left="20" padding\_right="20" box\_shadow="box\_shadow\_enable:disable|shadow\_horizontal:0|shadow\_vertical:15|shadow\_blur:50|shadow\_spread:0|box\_shadow\_color:rgba(0%2C0%2C0%2C0.35)" hover\_box\_shadow="box\_shadow\_enable:disable|shadow\_horizontal:0|shadow\_vertical:15|shadow\_blur:50|shadow\_spread:0|box\_shadow\_color:rgba(0%2C0%2C0%2C0.35)" mobile\_center="yes" title\_font\_options="font\_size:13|line\_height:49"\]\[dfd\_heading content\_alignment="text-left" delimiter\_margin="margin-top:10px;margin-bottom:10px;margin-left:20px;" style="style\_01" title\_font\_options="tag:div|font\_size:12|line\_height:14" subtitle\_font\_options="tag:h3"\]\< [Back to the News](http://old.ecohotelsglobal.com/news/)\[/dfd\_heading\]\[dfd\_logo\_carousel enable\_slides="slides" list\_fields="%5B%7B%22icon\_image\_id%22%3A%222988%22%2C%22description%22%3A%22Image%20short%20description%20which%20will%20be%20visible%20on%20the%20back%20side.%20%22%7D%2C%7B%22icon\_image\_id%22%3A%222990%22%2C%22description%22%3A%22Image%20short%20description%20which%20will%20be%20visible%20on%20the%20back%20side.%20%22%7D%2C%7B%22icon\_image\_id%22%3A%222988%22%2C%22description%22%3A%22Image%20short%20description%20which%20will%20be%20visible%20on%20the%20back%20side.%20%22%7D%2C%7B%22icon\_image\_id%22%3A%222990%22%2C%22description%22%3A%22Image%20short%20description%20which%20will%20be%20visible%20on%20the%20back%20side.%20%22%7D%5D" slides\_to\_show="3" slides\_to\_scroll="1" slideshow\_speed="3000" main\_style="style-1" auto\_slideshow="auto\_slid"\] Share: Tags [#Industry News](https://blog.modulexglobal.com/tag/industry-news) ## Related Blogs Feb 16, 2022 [![](https://blog.modulexglobal.com/hs-fs/hubfs/blog-01.webp?width=596&name=blog-01.webp)](https://blog.modulexglobal.com/soaring-ambitions-and-a-world-away-from-boxes-modular-building-for-modern-times) ## [Soaring ambitions and a world away from boxes…Modular building for modern times](https://blog.modulexglobal.com/soaring-ambitions-and-a-world-away-from-boxes-modular-building-for-modern-times) Apr 16, 2018 [![](https://blog.modulexglobal.com/hs-fs/hubfs/blog-21.webp?width=596&name=blog-21.webp)](https://blog.modulexglobal.com/meeting-need-with-speed-modular-construction-as-a-key-innovator) ## [Meeting Need with Speed: Modular Construction as a key innovator](https://blog.modulexglobal.com/meeting-need-with-speed-modular-construction-as-a-key-innovator) May 12, 2023 [![Skyscraper](https://blog.modulexglobal.com/hs-fs/hubfs/AdobeStock_190709567-1.jpg?width=596&name=AdobeStock_190709567-1.jpg)](https://blog.modulexglobal.com/reach-for-the-skies-weve-been-doing-it-for-more-than-a-hundred-years) ## [Reach for the Skies…We’ve been doing it for more than a Hundred Years](https://blog.modulexglobal.com/reach-for-the-skies-weve-been-doing-it-for-more-than-a-hundred-years) Jan 18, 2024 [![](https://blog.modulexglobal.com/hs-fs/hubfs/big-ben-house-parliament-night-london-united-kingdom%20(1)%20(1).jpg?width=596&name=big-ben-house-parliament-night-london-united-kingdom%20(1)%20(1).jpg)](https://blog.modulexglobal.com/post-covid-property-markets-sustainable-growth-beats-short-term-blips-every-time-01) ## [Post-COVID property markets…sustainable growth beats short-term blips every time](https://blog.modulexglobal.com/post-covid-property-markets-sustainable-growth-beats-short-term-blips-every-time-01) # Got a question for us? ### We'd love to hear from you! - [Homepage](http://www.modulexglobal.com) - [About Us](http://www.modulexglobal.com/about-us) - [News](https://blog.modulexglobal.com) - [Contact Us](http://www.modulexglobal.com/contact-us) Contact Us ###### Head Office: 16 Berkeley Street, Mayfair, London W1J 8DZ, United Kingdom [+44 (0) 20 7183 3710](tel:+44%20(0)%2020%207183%203710) [enquiries.uk@modulexglobal.com](mailto:enquiries.uk@modulexglobal.com) ###### India Factory: A-82, MIDC Industrial Estate, Indapur, Dist Pune 413132, Maharashtra, India [+91 (0) 2111 299 061](tel:+91%20(0)%202111%20299%20061) [enquiries.in@modulexglobal.com](mailto:enquiries.in@modulexglobal.com) ###### Mauritius: Premier Business Center, 10th Floor, Sterling Tower, 14 Poudrière St, Port Louis. [enquiries.uk@modulexglobal.com](mailto:enquiries.uk@modulexglobal.com) Modulex is an incubation by Red Ribbon Asset Management Plc, a Mainstream Impact Investment company following the principles of the"Triple P Bottom Line" of Planet, People and Profit. Modulex® | © Modulex 2025