India’s affordable housing boom drives demand for contractors
Professional services consultancy Procorre has identified a surge in jobs for specialist contractors in India as a result of the country’s affordable housing commitment.
Since the current Prime Minister, Narendra Modi, launched his ‘Urban Mission’ campaign in June 2015, the India central government has committed £30bn to build 20m houses by the year 2022. As of April 2016, the government has identified 2,508 cities and towns in 26 states to begin construction of homes for the urban poor. Developers including CSC Constructions, VBHD, PDL and Tata Housing are already on board and are driving the demand for construction and engineering contractors.
James Alexander, director of global mobility at Procorre, said, “Following the government’s pledge to provide homes for India’s urban poor, we are seeing demand for contractors as the housebuilding sector works to meet the country’s construction goals over the next five years.”
Guidelines for Modi’s Urban Mission stress that the houses built under the scheme should be designed and constructed to meet the requirement of structural safety against earthquakes, flood, cyclone, and landslides. They also include a technology sub-mission to facilitate state technologies for adoption of layout designs and building plans suitable for various geo-climatic zones and to deploy disaster resistant and environment friendly technologies.
Alexander added, “The stringent safety requirements outlined by the country’s Prime Minister are good news for global contractors. The highly technical nature of protecting against natural disaster and surpassing the environmental challenges means specialist skills will be in demand to tackle such an ambitious project.”