Boom time for real estate, but where are the workers?
₹13,000-18,000 a month, but would prefer a quick commerce, delivery, logistics job over construction work," said Aditya Narayan Mishra, CEO of CIEL HR Services, a recruitment firm. Also read | Workforce crisis hits construction & infra firms like L&T, KEC, HCC Another factor at play is that workers do not have the skill sets that new projects demand, making them look at Israel and the Middle East for jobs.
“The new projects need work done on aluminium and steel, and we lack that. Besides summers, the winter months become difficult for work because of the pollution and labour movement gets restricted," said Gaur.
The real estate market has seen a sharp turnaround since the pandemic on the back of rising sales and property prices, lower unsold stock, aggressive land-buying and project launches. The boom is not limited to metro cities but has galloped into tier-II and tier-III towns as well.
Mint wrote in July that residential property sales in tier-II cities saw higher growth in FY24, led by higher demand for better quality homes. About 52 small cities grew 26% in sales last fiscal year compared to a 21% rise in the top eight metros, according to Liases Foras, a consultancy firm.
Meanwhile, recruiters who work with the real estate and construction firms as vendors are hosting job fairs in villages to get the workforce. “We look for diploma holders, graduates from industrial training institutes (ITIs), and search through job sites that have a larger reach for white collared jobs in the sector," said Mishra of CIEL HR Services.
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