With the State government making rapid strides for construction of a world class Capital, there is an expectation that the realty sector will boom in AP Capital Region Development Authority (CRDA) jurisdiction. However, local realtors and and construction labourers feel they will be hit hard.
Going by the rules and regulations framed in CRDA Act, and also the ambitious plans announced by the State government, there will be a gross mismatch between global standards and competency and expertise available in the region.
Realty sector captains feel the existing builders will not be in a position to meet the competition from multi-national companies if the funds and technology required are to be taken into consideration. At the same time, the construction labourers available right now are not skilled and trained to meet the global standards, they say.
Senior builder and Capital Region Builders Association (CRBA) founder chairman Gadde Rajling says the government plans to construct huge towers and multi-storied complexes in the capital city. Though there were many builders, who have been in the construction /real estate industry for two to three decades, they do not have technical know-how to construct such high-rise structures.
Even if technical know-how and expertise was hired, investment would be a major problem. On other hand, the funds would not be a problem for foreign firms. “We cannot match with zero interest funding available in countries like Japan,” he says.
But how do the MNCs manage construction labour? They would outsource it to firms that have skilled labour. Mostly construction labour from Uttar Pradesh and Bihar, who haven been working for MNCs, are preferred. Labourers from Odisha, Tamil Nadu and Karnataka also have experience of working on huge buildings.
About four lakh construction labourers are there in Krishna district. Majority of them work in cities like Vijayawada. There are about 1,000 builders in the city who executed more than 7,000 projects in the last two and half decades. Of this, close to 100 are professional builders.
No comments:
Post a Comment