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Kolkata property bazaar faces serious shortage of labour

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The Real Estate Sources told the NBTV that Kolkata, the capital of West Bengal is encountering very serious shortage of work force of experienced and inexperienced in the division of Land Property business. The paucity of workers is to the extent of 50%. In fact this situation was felt a couple of years ago itself but now it has become unmanageable with the shortage hooked at around 50%. This dire situation has culminated in the loss of remuneration coupled with the inordinate hindrances in touching the deadlines besides hike in the overhead costs.
The sources further told the NBTV that workers, irrespective of skilled or unskilled, being indispensable in the real estate segment, the projects cannot be completed as scheduled. The chief cause for the labour scarcity in West Bengal is mainly ascribed to the earnings of the workers which are far below compared either to South India or West India. Though there are ample projects on hand, their hands are tied due to the reason stated above. The companies who are responsible in hiring the work force say that the present labour problem has blown up very badly due to the fact that the refugee workers from the States of Bihar, Orissa, Madhya Pradesh and east Uttar Pradesh - which are the stronghold of the building movement in the city – was experienced during the last two years back itself. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which assures jobs with for 100 days to each member of the family resulted in this chaos. Added to this, as per the fiscal study, the MGNREGA’s distribution of workforce has been drastically pared down in respect of businesses like building, land property and communication, transportation etc. While the requirement will be around 100 workers, they will have to satisfy themselves with 50 numbers.
The sources also told the NBTV that with the assurance of basic earnings, the Act supported the labour class by hiking the experienced and inexperienced work force. The operational cost with regard to the workers has gone up during the previous two years. The remuneration revision in respect of an inexperienced worker catapulted to around Rs.170/- and for a mason it shot up to around Rs.280/- compared to the previous revision. The sources added further that workers being the nucleus of the building industry, this revision in earnings of the workers have made a serious impact with regard to the builders and developers. The Government’s decision has not only affected the business which is already sluggish, but also has disturbed the costs of the land etc. This impact is felt even Dubai industry too including West Asia apart from significant reduction in the remaining parts of the country.
Source: NIMMA BENGALURU

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