At the time when the consumers are complaining to the developers about the delay and the developers are facing labor shortage, lack of transient workforce, there seems to be no big concern in the real estate market of Noida. This can be concluded from the start of a trend in which the local talent either skilled or unskilled is being relied upon to meet the requirements. Now, the Noida Authority has given guidelines in support of this trend which was started as a voluntary exercise. Also, the same has been circulated to all the developers. Such a move will now and has been helping the local economy grow. Also, seeing the shortage of talented workforce in real estate, a proactive measure has been taken up by several institutions here in Noida and they have started to offer real estate-specific courses.
To enhance the skills of their staff, many developers are proactively providing in-house training to them. This would help in providing efficient and better customer service and thus address skill deficits effectively. Few of the builders are encouraging collaboration with academic and professional bodies, internships and investing in constant expert training and advancement of staff.
With the help of local talent pool, the developers have successfully hired engineers, architects, management graduates and construction companies. This will ultimately help them in delivering the project on time while maintaining the quality standards as well. This is also increasing job opportunities in Noida area which is attracting many migrants. Also, many properties in this city are held by professionals. The involvement of the local workforce is beneficial during the civil and supporting work, in the construction work rather than at the planning level.
As per the analysts, the demand and supply equilibrium have preferably been set up in Noida, concerning the manpower of the city. Thus, hiring the local talent is enhancing the real estate business. This procedure of hiring is also cost-effective and agrees with a social cause that encourages developers to stick to project timelines.
Hence, developers in Noida have appreciated the guidelines of the authority, as they are endowed with a hub of talent that several other real estate businesses in the nation lack.