90% of the
project delays are owing to lack of financial planning
Strategies to execute
projects bring in newer technologies to avoid delays, the South India Real
Estate Conference 2013 reveals
The Indina real
estate Industry now (2013) contributes 10.8% to the GDP (Gross Domestic
Production). It is the second major employer of the workforce after
agriculture.
It is even the
mainstay of the 250 types of ancillary industries. But, the sector faces the
major constraint of a skilled workforce. Of late, government schemes have led
to the return of labourers to their villages, leading to scarcity of working
hands.
The real estate
sector has however evolved many innovative ways to deal with problem of
maintaining delivery schedules.
Mr. V. Gopal,
Executive Director, Prestige Estates and Projects, Bangalore, said,''Our company
went in for mechanisation to reduce the workforce and it had paid dividends.The
company has been importing aluminium shuttering from Malaysia and had its door
making units at the site. In order to win customer satisfaction, Prestige has
opted for putting up the actual size model on the site unless the structure is
something of a signature building like Kingfisher Tower"
Academy to train
masons
Paucity of skilled
workforce has propelled Sobha Developers to set up an academy to train masons,
carpenters, bar-benders etc.
Mr. Raghu Balan,
Sobha Developers said,'' Our Firm has gone in for selective prefabrications
& spray plastering to meet execution schedules. We wants FICCI or / CREDAI
to set up a finishing school for the construction sector which should be either
sponsored or / subsidised by the real estate developers.''
Mr. Alok Banerjee,
CEO, Zuari Infraworld India Limited, said,'' 90% of the project delays are
owing to lack of financial planning. The Chinese example of shifting to
American project style where they make the product & sell it to end -
customers rather than use the customer money to develop the product."
Zuari has been
working in Mandya district to pick up unemployed youth to train them as masons,
tile-layers & bar-benders. Zuari has also pursued the practice of not
launching the project until all approvals were in hand.
Mr. Raffi Mather,
Joint MD, Asten Realtors, Kochi, said, "Leveraging technology like IT for
designing"
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