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Lack of domestic contractors and developers under pressure

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Domestic contractors shortage has highly influenced on the big projects launched by the key players and this will surely delay the completion of projects said Prabhudas Liladhar at the www.propertykhazana.com. Many of the domestic or small contractors are engaged in the infrastructure projects and are unavailable to get into realty ventures.
Getting the potential domestic contractor has turned to be a tough task for most of the builders and developers. Speaking on the same Mr. Kunal Banerjee, the VP, Corporate Communication and Marketing of Ansal API said at the www.propertykhazana.com that there is less number of domestic contractors who are potential enough to handle the realty ventures in India. With contractors gazing for own projects many are engaged with projects in Malaysia and Gulf countries. To overcome, Ansals have teamed up with Thailand based company to execute the ongoing projects added Mr. Banerjee.
Even the Indian realty giant DLF Ltd is facing the heat and the company is geared up to develop 50 million sq. ft every year for about 5 years and it ahs only executed 250 million sq. ft for the reason that the dearth of the domestic contractors said Rajeev Talwar, Group Executive Director of DLF to the www.propertykhazana.com.
Source: NBTVLIVE

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