Current Scenario of the Real Estate Market in India: Commercial real estate sector is in boom in India.

In the last fifteen years, po st liberalization of the economy, Indian real estate business has taken an uptur n and is expected to grow from the current USD 14 billion to a USD 102 billion i n the next 10 years. This growth can be attributed to favorable demographics, in creasing purchasing power, existence of customer friendly banks and housing fina nce companies, professionalism in real estate and favorable reforms initiated by the Government to attract global investors. SWOT Analysis on Construction Industries in India A. Strengths 1. Employment and training opportunities in the field of construction. 2. Private sector housing boom and commercial building demands construction of the multi building projects on the feasible locations in the country. 3. Good structured national network facilities the boom of construction ind ustry. 4. Low cost well-educated and skilled labor force is now widely available a cross the country. 5. Sufficient availability of raw material and natural resources in the cou ntry is supportive for the industry. 6. Real estate development is on high and it is attracting the focus of the industry towards education.

B.

Weakness

1. Distance between construction projects reduces business efficiency. 2. Training itself has become a challenge. 3. Changing skills requirement and an ageing workforce may emphasize the sk ills gap. 4. Improvement in long-term career prospects is highly required to encourag e staff retention and new entrants. 5. External allocation of large contracts becomes difficult. 6. Lack of clearly defined processes and procedures for construction and it s management. 7. Huge amount of money needs to be invested in this industry. C. Opportunities

1. Continuous private sector housing boom will create more construction opp ortunities. 2. Public Sector Projects through Public Private Partnerships will bring fu rther opportunities. 3. Developing supply chain through involvement in large projects is likely to enhance the chances in construction. 4. Renewable energy projects will offer opportunities to develop skills and capacity in new markets. 5. More flexible training delivery techniques are now available. 6. Financial supports like loan and insurance and growth in income of peopl e is in support of construction industry.

D.

Threats

1. Long-term market instability and uncertainty may damage the opportunitie s and prevent the expansion of training and development facilities. 2. Current economic situation may have an adverse impact on construction in dustry. 3. Political and security conditions in the region and Late legislative enf orcement measures are always threats to any industry in India. 4. Infrastructure safety is a challenging task in construction industry. 5. Lack of political willingness and support on promoting new strategies. 6. Natural abnormal casualties such as earthquake and floods are uncertain and can prevent the construction boom. 7. Inefficient accessibility in planning and concerning the infrastructure. 8. Competitors are emerging in the industry by leaps and bounds.

Problems faced by Construction Industry: 1. Construction industry suffers from capacity constraints. 2. Lack of trained manpower and managerial skills with performance much bel ow international level. 3. The industry is starved of finance. 4. Small and medium contractors do not have the wherewithal to upgrade thei r capability. 5. Quality, safety, environment and social aspects are also hot being addre ssed appropriately.