MagicBricks.com is the Knowledge Partner for the 17th Asia Construct 2011
- 1. E Jayashree Kurup Head Content & Research
- 2. Why magicbricks.com Data Speak – Why Technology Developer Survey What consumers want Conclusion
- 3. It is the interface between consumers and developers When surveyed: Developers want technology to counter the manpower & labour crunch Consumers want technology that will meet their standards and lifestyle needs Manpower needs to see a career path in real estate industry
- 4. Tech company in the fragmented Real Estate sector Privy to : A Bird’s Eye View Captures : Visible consumer nuances Develops Indices Market Pointers Capturing Industry-Consumer sentiment Knowledge Partner to Housing & Real Estate industry
- 5. How can our Data give a Boost to Housing & Real Estate industry? How can we Collaborate ? Lets “ Enhance this Ecosystem ”
- 6. 67% of employers report skills shortage in the Managerial Cadres in the construction industry Crisis at Mid-management and Supervisory levels Fewer companies prefer hiring Fresh Graduates Source: TimesJobs.com
- 8. Problem Retention of existing talent Ageing workforce Talent crunch at Junior level Impact Increased operating cost Miss project deadline Increased workload for staff Outsource workforce Loss in business
- 9. Workforce will remain the same 39% Workforce will decrease 32% Workforce will increase 29% Whatever the outcome, without Technology a crisis is imminent!
- 10. Application-based Education through Increased Industry & Academia Alliances 35% Emphasis on Internship Programmes 20% PG Certified Training Courses 19% Contemporary University Courses 16%
- 11. “ There was a time when if I had to employ 1,000 labourers, I had 5,000 applicants. Today If I need 1,000 labourers, I get only about 200 applicants.” Mumbai Niranjan Hiranandani
- 12. “ Labour availability is increasingly scarce, especially because of large scale projects like CWG and NREGA” Mumbai Rajnikant Ajmera
- 13. Challenges are Television exposure leads to higher expectation among labour force Construction industry is the last choice for trained manpower Technologically we are much behind the world; Material - strike on sand, steel prices going up; cement manufacturers creating artificial supplies - all these result in delays. Mumbai Rajnikant Ajmera
- 14. Bangalore Ramani Sastri “ Nobody has given thought to the capital expenditure. All developers are using solar panels as a means to an end – to get the available green incentive.”
- 15. Bangalore Sushil Mantri “ I think it is a criminal waste to use solar for heating water. It makes sense to use it for lighting common areas etc. Especially in the night time when you don’t need that intensity.”
- 16. Over 60% developers agree that there is acute shortage of technology Most vote for large-scale developments as the ideal format for residential units– Integrated Townships 57% Special Residential Zones 42% The need for technology is even more if these formats are to be replicated…
- 17. Indian developers go easy on technology in housing projects because :
- 18. Land is fragmented in India Smaller phases with fewer units Weak access to capital Materials supply Labour shortages Slow sanctions
- 19. What measures need to be taken for Capacity Building?
- 20. Consumer Wants Residential districts – scale, maintenance, lifestyle Speedy delivery – not over a year from booking Multi-storey buildings Power & water efficient devices Effective waste recycling Need of the hour TECHNOLOGY INFUSION
- 21. Which of the following technologies is important before you buy a house?
- 22. Writing is on the wall Apprenticeship Credits at Student Level Creating Training Opportunities for construction services like operating machinery, plumbing, carpentry etc. to offer them as a career path Speed-up construction processes with Technology Infusion