“This is going to grow in the next five years of real estate and infrastructure growth – The gap will go to 5 million skilled workers. Has been avle to fullfill (the demand), “Hiranandani added.

Earler, in June, Larsen & Toubro (L&T) Chairman Sn Subrahmanyan Had Said the Group’s Construction Business is Facing a shortage of 25,000-30,000 Labours.

‘Affordable housing not possessible due to high costs’

While he remins bullish on the real estate sector, which he claimed grew by 10 per cent in 2024-25, Hiranandani flaged a dip in affordable housing sales. “In the affordable housing segment, for the first time in my 45 years in real estate, sales have decreased by 15 per cent. Sorted out, “He said.

Since 2020, The Indian Real Estate Market has Seen Rapid Premium, with the share of supply printed Below Rs 40 Lakh Shrinking Across Key Cities and Most Launches Priced Above Rs 80 Lakh – DRIVEN LARGE. For luxury homes above Rs 1.5 crore.

Hiranandani Said while the PM Awas Yojana 2.0 Will Provide Interest Subsidy for 1 croore Homes in Urban Areas, Building Affordable Housing Near City City City Center Rising Circle Rates.

“How do you match rising land pricks and giving affordable housing? It is not possible with inflation in the cost of construction, the tax rats which are these, stamp duty rate, Lalk Authority REST, Etc. Make affordable housing close to the city centre where Emportunities Exist, “He Told the Indian Express, Calling for the Government and Local Authorities to Invest.

‘No dip in pan-india housing sales’

In India’s Top Seven Residential Markets-Delhi-Ncr, Mumbai, Bangalore, Pune, Hyderabad, Chennai, and Kolkata-Overall Sales Dropped by 3.5 Per century-an-Year in 2024. Fell 24.3 per cent, according to data shared by Property Consultancy Anarock.

Hiranandani Said there has been no dip in pan-india housing sales. “If you look at the national level, real housing growth has been more than 10 per cent (in 2024-25). Years Ever, “He said.