7 Problems faced by the construction business in India!!

7 Problems faced by the construction business in India!!

The Indian construction industry faces numerous challenges, including  skilled labour, high material costs, technology adoption, project complexity and many.

7 PROBLEMS FACED BY THE CONSTRUCTION BUSINESS IN INDIA

Here's a more detailed look at some of the problems:

1. Regulatory Delays and Red Tape

2. Shortage of Skilled Labour

3. Rising Raw Material Costs

4. Project Delays and Cost Overruns

5. Poor Adoption of Technology

6. Cash Flow and Financing Issues

7. Legal Disputes and Land Issues

TIP to overcome some challenges: 

For Strategic Procurement & Material Sourcing, Bulk procurement, long-term vendor contracts, and e-marketplace sourcing (like GeM or Best B2B portals) and can get better price control and supply chain stability.

Platforms like Pepagora and IndiaMART are used for material sourcing.