eal estate developers are finding it tough to get the right contractors for construction to ensure quality and timely delivery, as the number of launches has doubled to approximately 1.25 lakh housing units across the top seven cities every quarter from 60,000 before the Covid-19 pandemic. Many developers are boosting in-house capabilities, while some are hiring global contractors to avoid project delays. Some are also engaging construction technology companies.

According to industry data, 2.36 lakh housing units were launched in the top seven cities in 2019, which dipped to 1.27 lakh in 2020 largely due to Covid, and increased again to 2.36 lakh in 2021. The number rose to 3.57 lakh in 2022 and reached a record high of 4.45 lakh units in 2023. This year, it is expected to breach the 5-lakh mark.

Industry experts noted that appropriately skilling workers and developing a regulatory framework for them is key to improving the quality and speed of construction.

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