The partnership is aimed at enabling the construction of prefabricated homes and promoting Tata Steel Nest-In’s Nestudio concept
Bengaluru, NFAPost: Housejoy.in, a leading tech-driven construction, renovation, interiors and home maintenance company catering to all home-related needs of Indian consumers, has joined hands with Tata Steel Nest-In as the solutions partner for their Nestudio concept. Under the partnership, Housejoy will enable in building steel-intensive modular homes in Bengaluru with Tata Steel’s prefabricated construction solutions.
The prefabricated building market in India is expected to grow at a CAGR of approximately 8.5% between 2021 and 2026. The entry of prefabricated homes has paved the way for innovative and technologically advanced construction and design methods in India.
Nestudio is a designer-grade, modular home extension solution from the house of Tata Steel. It combines the construction convenience of prefab homes with the design elements of a carefully planned brick-and-mortar home. The construction is 3-times quicker than traditional brick-and-mortar housing and can be completed in just six weeks.
The houses are also 15 times lighter; resistant to weather and seismic disturbances; and can be dismantled and relocated. The Nestudio technology has been proven and has been widely used in the Delhi NCR region.
Speaking about this, Housejoy Founder & CEO Sanchit Gaurav said the company is excited to partner with Tata Steel Nest-In for their Nestudio concept as space is a major constraint in urban areas today which makes it imperative to utilise what is optimally available.
“This is where our partnership will prove to be a gamechanger at a time when the concept of modular houses is picking up pace in India. It will bring together Housejoy’s capabilities and Tata Steel’s best-in-class offerings to provide customers with viable home solutions. Housejoy will support Nest-In with an entire gamut of activities under this partnership including marketing and lead generation,” said Sanchit Gaurav.
Under the partnership, houses will be constructed under the brand name of Tata Steel, Nest-In. Housejoy will be the point of contact for customers from enquiry to handover of the project. Nest-In will support with initial design development, manufacturing (steel components and panels), and supply chain management. The company will also join the Housejoy team during project monitoring, and quality assurance and control.
As an end-to-end service provider, Housejoy will handle various aspects under the partnership including customer visits, layout development, estimation and negotiation, marketing, erection of structures, and project monitoring. Nestudio pricing starts at Rs 2200 per square feet.
Housejoy’s in-house team adheres to the highest quality standards with complete visibility for the customer in terms of monitoring the project while receiving continuous status updates. The team has a combined experience of over 40 years and has delivered 100+ projects.
Going forward, Housejoy plans to scale up its construction business in the known cities across the country, apart from Bengaluru. The brand’s overall goal is to become the largest tech-enabled construction and home services platform in India.
Proptech startup Housejoy started its journey in 2015 and their services begin right from the approval stage till the completion and handover of a house. Their core offerings include home construction, renovation, interior design. In addition to this, Housejoy also provides 360-degree maintenance services such as home cleaning, repairs, painting, and appliance installation.
Housejoy offers clients a hassle-free experience of building a house and the entire process is completely managed by a qualified team of experts. Housejoy has so far raised investment to the tune of $30.2 million from investors such as Amazon, Matrix Partners, Vertex Ventures, Qualcomm, and Ru-Net Technology Partners. The company is working towards becoming the largest tech-enabled platform for construction and renovation in India. They have completed over 200 projects in renovation and have plans to complete over 200 construction projects within the year.