Small Contractor India

Realty sector today Housing affordability, liquidity conditions led by record-low interest rates and the desire amongst prospective home buyers have never been at the levels being witnessed at present across India. Right now, there is a lot of optimism in on the potential of housing and real estate sector in India. The Indian real estate market is on the cusp of a new growth cycle and it is important that all in the industry particularly the civil construction contractors in realty industry must make the best of it. In India, the inherent housing demand remains immense and concerted efforts have been made to ensure supply at the right price points to meet the needs of various income groups. The present housing boom is attributable to the measures of central and state governments’ efforts to focus on enabling policies for the housing sector including continued fiscal incentives, Pradhan Mantri AwasYojana, Credit Linked Subsidy Scheme (CLSS), concessional stamp duties, premium reductio...

Present scenario The pandemic-induced lockdown had resulted in mass reverse migration of labour to their hometowns and crippled project execution on site by the Engineering and Construction industry players in India. While many of the workers have returned in the last few months and activities have picked up at projects, but many workers skilled in civil construction, mechanical fabrication and erection, operation and maintenance (O & M), machining, piping fabrication and erection, electrical erection, testing & commissioning, C & I erection, testing and commissioning, civil, mechanical and structural painting are still afraid to go away from home for work. The leaders in Construction and Engineering Industry today may be having few Lakhs of workers already mobilised and working at sites all over India but the mix of skill sets is still a challenge because not everybody is capable of doing the kind of work that is required on a given site. Thus many of them are facing mis...