Indian Real Estate Industry Ned 4 Crore Skilled Workers..!


The Indian real estate apex body CREDAI will campaign with the finance ministry and RBI (Reserve Bank of India) for reducing the risk weightage given for funding the real estate projects.

According to Mr. C. Shekar Reddy, newly elected National President, The current negative approach is helping neither the banks nor developers.

CREDAI will focus on educating the fellow developer / builder / promoter community on developing green buildings, using non - conventional energy sources &  water conservation.

Recycling of water for flushing & gardening purposes should automatically be part of all new projects.

On skill development, the Indian real estate industry would need about to 4 crore skilled workers on an incremental basis in next 10 years or so.

The government which has been collecting 1 per cent as labour cess has now begun to use it for skill development & labour welfare.

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