Construction sector remains positive: RICS survey
No Comments Sub Category:Mumbai,Realty News,Residential Real Estate Posted On: Nov 15, 2012
In spite of economical issues, construction field remains buoyant, particularly from the private housing as well as industrial segments, according to RICS India Structure Industry survey.According to the report, lack of labour and fiscal demands continue being the prominent factors limiting construction activity followed by planning and regulatory issues, the report explained.
Challenge in human resource is one of the most prevalent difficulty in the real estate and construction field.
The report says that lack of skilled resources is responsible for slow construction activities by an average of 6 months to a year, said Sachin Sandhir, RICS South Asia Managing Director.
Subsequently, growth corporations not too long ago are already forced to be able to transfer architects, creative designers as well as organizers by international countries on fine pays therefore driving upwards project expenses as well as impacting on earnings.
Due to this, developments firms are forced import architects, designers and organizers from international countries on huge salaries therefore driving upwards project expenses and impact profitability.
Hence, our workers have to learn new ways to do business to stay up-to-date with the data required and strengthen their chance to survive the paradigm move occurring inside world wide structure marketplaces, Sandhir added.
Tags:
Construction activities, construction sector, construction sentiments, economic issues, India's infrastructural growth, industrial segment, labour, RICS, slowing construction
