Archive · 2 Aug 2025
India's Real Estate Faces Worker Shortage, Affordable Housing Dip
The real estate and infrastructure industries in India are missing a lot of workers with the right skills.
This makes it hard to build houses and other important things.
One big problem is that there aren't enough skilled people to do the work.
Also, fewer people are buying affordable homes.
The high cost of land and building materials makes it hard to build affordable homes near where people work.
Experts say that the government and local authorities need to help solve these problems to make sure everyone can have a place to live.
India's real estate and infrastructure sectors face a shortage of 20 lakh skilled workers.
This skilled worker shortage could grow to 50 lakh in the next five years.
Affordable housing sales have decreased by 15% across India.
High land costs near city centers make affordable housing difficult.
Overall housing sales in the top seven markets dropped in 2024.
- Who
- Niranjan Hiranandani, chairman of Hiranandani Group and NAREDCO.
- What
- Real estate and infrastructure sectors face skilled worker shortages and declining affordable housing sales.
- When
- 2024-2025
- Where
- India
- Why
- Because of lack of skilled workers and high costs affecting affordable housing.
NAREDCO Chairman's Perspective
Industry Data
Overall Housing Sales
NAREDCO Chairman's Perspective
There has been no dip in pan-India housing sales.
Industry Data
Overall sales dropped by 3.5 percent year-on-year in 2024 in India’s top seven residential markets.
- Skilled Worker Shortage
- 20 lakh (current)
- Projected Worker Shortage (5 years)
- 50 lakh
- Affordable Housing Sales Decrease
- 15%
- Overall Housing Sales Growth (2024-25)
- More than 10%
- Top 7 Market Sales Drop (2024)
- 3.5%