Loya Pre-Engineered Buildings Pvt. Ltd is a pre-engineered steel buildings manufacturing company. The construction division was established in 1989 by young and dynamic civil engineers who later founded the PEB division in 2009. Within a short span of four years, the company has built over three million square feet of buildings at various locations in India and abroad.
Sanjay Loya, Executive Director – Loya Pre-Engineered Buildings told Projectvendor that PEB can emerge as a preferred mass market low cost housing option but it will take time since the mindset has to change.
Excerpts from the interview:
With the new government having taken charge and renewed optimism across the Indian economy, how much growth do you foresee in the PEB industry?
Yes, as the economy is reviving and growth is expected to be around seven to eight per cent – we expect at least eight to 10 per cent growth in the pre-engineered buildings segment.
India is a cost sensitive market and the initial higher cost barrier is one of the reasons for lower uptake of PEB, Prefab technology. Going forward, do you feel PEB construction could be made more affordable?
Yes, of course in coming years – PEB will be more affordable as compared to conventional structures since there is savings of time, better quality and convenience. These are very important aspects for any project and other conventional methods can’t compete.
India had a shortage of 18.8 million urban housing units with rural housing estimated to be much higher. Do you feel PEB can emerge as a preferred mass market low cost housing option?
Yes, PEB can emerge as a preferred mass market low cost housing option. But it will take time since the mindset has to change.
In terms of safety and eco-friendly features, how does PEB compare with convention building materials?
Pre Engineered Buildings are itself an eco-friendly building solution. While installation with the help of mechanism system we can take all safety precautions.
Does the PEB industry expect some kind of policy-push from the government and local bodies?
The PEB industry across India expects relaxation in excise duty fully / partially as volume is very high. And also needed are relaxations from local bodies’ entry taxes to give boost to this sector.
What is Loya PEB’s future business strategy?
We at Loya PEB believe in providing good service and good quality at competitive rates.