Realty needs to build legions, brick by brick
to 4,232 million sq ft, which would need legions of professionals to manage that kind of growth.
Vacancies to fill
“The shortage of skilled manpower is at all levels in construction and real estate. At the labour level, workmen level (masons, plumbers, electricians, carpenters etc.) and also at the managerial level,” says Pankaj Bajaj, pesident, CREDAI NCR.
“A robust construction sector is an essential pre-requisite for India achieving the 6 per cent and above growth,” says Dilip Chenoy, CEO, National Skills Development Corporation (NSDC), a government-promoted initiative at imparting skills through a public-private partnership arrangement.
The RICS study says that in 2010, as against a demand for 4,382,000 professionals, the total supply remained at 5,69,000, a shortage of 87 per cent. In 2020 demand is projected to reach 5,113,000 while supply would only reach 8,83,000 — a shortfall of 83 per cent.
The managerial-level shortage is also due to the profession getting increasingly complex and are seeing the need for specialised professionals such as land acquisition specialists, valuers, quantity surveyors, facilities managers and experts in sustainable development.
The study says that such skills and qualifications are not being imparted in the traditional university system leaving them to core professionals such as civil engineers and planners who are carrying out such functions on an adjunct basis.
The industry is gearing up to meet such lacunae through education. The construction industry has set up National Institute of Construction Management and Research that offers several programmes in various disciplines of real estate and project management.
Further, the Confederation
