Unskilled labourers
The real estate projects are facing shortage of both skilled and unskilled labour resulting in delay of launch of projects by up to one year. Moreover, it is involving additional cost from cash strapped property developers. Ideally, a real estate project have to get 50-60 clearances from various authorities. Thus, the project can take as [...] Continue Reading »
Realty sector in Bangalore and other metros is facing a crisis as unskilled labourers are leaving the construction work mid way. Labourers hailing from Bihar who had come to metros in the intention of earning big money have no longer interest in the city life. This is all because, their own state has become a [...] Continue Reading »
Real estate India is already floating, trying to reach the zenith midst high property rates and interest rates. One more add on problem the real estate is facing today is shortage of unskilled labourers. There is a dire need of qualified professionals like building planners, civil engineers and architects. The shortage of these labourers have [...] Continue Reading »
Early this year real estate sector witnessed a shortage of unskilled labourers. But in the second half of the year, there is a huge unmet demand for skilled professionals in the domain. These professionals include architects, civil engineers, designers and planners. Due to the huge demand-supply gap, the builders are unable to build a good revenue [...] Continue Reading »
