India, Dec. 2 -- Delays in construction projects is not a new thing in India. A May 2024 report by the ministry of statistics on infrastructure projects states that more than 800 out of the 1,800+ ongoing projects (at the time) were running behind schedule. These projects had an average overrun time period of close to three years.

Recognising this gap, Shree Ram Ravichandran, a civil engineer and IIT Madras alumnus, teamed up with his school friend Gobinath P and founded Modulus Housing in 2018. The Chennai-based real estate tech startup leverages its proprietary tech stack to build low-rise prefabricated buildings in a month.

After eight years of perfecting its recipe and growing scale, Modulus has now raised INR 70 Cr (about $7.8 Mn) ...