Construction sector may need 2.5 lakh drone operators soon

Construction sector may need 2.5 lakh drone operators soon

The construction sector is the fastest-growing adopter of commercial drones, and is likely to require 2.5 lakh people with UAV (unmanned aerial vehicle) operating skills in the coming years, a report said. Highways, roads, bridges and housing will take the lead in the...
Boost in construction ups demand for skills training

Boost in construction ups demand for skills training

Amid the rising demand emanating from the real estate sector, the government has stepped up efforts to create a reservoir of technically skilled people to meeting demand of the construction and allied sectors. It has been decided that it is important that most fresh...
More focus on infra pushes labour cost in realty industry

More focus on infra pushes labour cost in realty industry

The Central government’s increased focus on infrastructure is one of the major reasons behind the rising labour cost in real estate industry, according to   industry experts. “In the last three years, the cost of labour had definitely increased in the range of...
Prefabricated construction to speed up real estate

Prefabricated construction to speed up real estate

Financial innovation is critical in the real estate sector but operational innovation around real estate is equally if not more important, says Taponeel Mukherjee, head of   Development Tracks, an infrastructure advisory firm. An innovative operational model in real...
Share of construction industry in GDP drops steadily

Share of construction industry in GDP drops steadily

A report says the share of construction in gross value added has been steadily falling. For the first half of the current fiscal, the share of construction in total value added in the economy was 7.86%—compare that to a share of 9.73% in the first half of 2011-12. For...