Under the terms of the contract, the project is valued at around Rs 31.26 crore. TBT would build 200 low cost homes to start with at Laggere, Bangalore. The first phase of these houses will be ready to occupy by September 2010.
The TBT model deals with conceptualisation, development and implementation of the fast track technology. The combination of shear wall design, single stage formwork and light weight concrete referred to as fast track technology would be used for simultaneous casting of wall and roof.
While this fast track technology will be used in the construction of houses for slum dwellers, the technology can also be used to construct luxurious villas. Soon, TBT would implement the fast track technology for private sectors as well. The modalities for high rise building and luxurious villas are expected to be finalised within couple of months.