Labour shortage for real estate in Metros
The real estate industry is already under tremendous pressure due to high interest rate, increasing input cost and overall low sale ratio.
The new concern for the builders in metro cities are the acute shortage of labour.
The real estate in Mumbai, Hyderabad, Chennai, Bangalore are hit hard by the shortage of labour.
Analysts says that the National Rural Employment Guarantee Act has drawn back thousands of workers to their native places.
This shortfall of skilled and unskilled labour add additional cost on construction.
Many developers are now opting for mechanized way of construction to overcome the situation.
More related story:
Realty contractors to stop construction work
Source : My digital FC
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