The real estate sector is facing a human resource crunch— of skilled and semi-skilled labour such as masons, electricians and plumbers. “We’ve been facing this shortage for a year now. This is not just delaying projects but it’s also jacking up costs by 3-4 per cent,” says Pawan Malhotra, MD & CEO, Mahindra Lifespace Developers.A combination of factors has led to this shortage. The first, of course, is the boom in construction, which has increased the demand for such workers.
—Tejeesh N.S. Behl