Real estate is an asset class that demands specialised
skills & the complexity surrounding this sector increases in the Indian
context.
Despite being the second largest employer in India, the
construction sector as a whole faces manpower shortage. Further, the sector is
heavily dependent on manual labour, faces longer time lines for construction
completions, which results in supply getting deferred. Hence, technologically,
faster & alternative methods of construction need to be adopted on a large
scale, so special training for certain skills would also need to be imparted.
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| Lalit Kumar Jain, Chairman,CREDAI |
Mr. Lalit Kumar Jain, Chairman,CREDAI said,"The
skill development programme is not happening at a pace & has not reached
the depth. The quality of service providers is poor. It is difficult to get the
required skill set to do the simple yet complicated jobs like electrical,
plumbing, waterproofing, etc.
"Absence of quality of labour as well as service
providers is a serious concern for most builders / promoters. The professional
approach is missing & commitment to fulfill promises is conspicuous by its
absence. One of the greatest challenges
in designing buildings is in creating amenities & functionality of spaces and that too on time.
That is the reason why global leaders in these fields are roped in to get the
best methods, processes, technologies, building material & expertise.
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