Where is Indian Real Estate lacking?

March 27, 2007	(Be the first to rate this story!)  Loading ...
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Indian real estate is raising the bar of performance a notch higher each day. But the industry is known to be unorganized and is dominated by a handful of players and supply of manpower.  There is definitely a lack of required professionals; one, at the first line supervisory and project manager level; and two, at the workmen or entry level.

The shortage is more acute at higher level. Actually, there are few people with the kind of professionalism needed to stay in step with the growing number of real estate projects. They are the prime targets for poachers both in domestic and international market.  The economic boom has caught India when it was unprepared and everybody is competing for the limited supply of skills.

There are around 1,300 engineering colleges that have been approved by All India Council for Technical Education. Near about 4 lakh students pass out every year from these colleges. Of this, civil engineering graduates account for a mere one tenth. Contrary to this, the highest strength is of computer science graduates and information technology.

However, the lack of manpower exists at all level thereby hampering the growth of the sector to a large extent. As far as real estate companies are concerned, several large players are there who resort to in house training.  For example: L&T holds campus recruitment for both graduates and polytechnic engineers at the entry level.  It provides training to about 1,000 people every year in its Chennai Centre whereas the need seems to shoot up in future.

The National Academy of Construction has begun several training programmes for skilled trades at institutional level. Likewise, the industry has adopted it is in Indian states like Punjab, Haryana, and Himachal Pradesh to redraft the curriculum to cater to the demanding needs of the country.

Finally yet importantly, the Indian real estate industry needs quality manpower then the mere workers claiming to hold proficiency. There is no uniformity maintained in the absence of necessary laws. What the sector actually needs is licensing of construction workers the way it is for drivers.

News Published Under:   Real Estate India |

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