From lockdown to unlock, the Indian construction industry is seen to gradually unravel itself and the ‘ways’ of construction has definitely altered.
In May 2020, a comprehensive survey was conducted by Gleeds India to assess the market outlook of construction, which revealed an optimism that in 3 to 4 months, cost of construction were expected to stabilise and labour would return to a safer working environment. Having now reached the next quarter, Gleeds believe that perceptions have changed from the previous quarter with the change in ground conditions.
The industry has now accepted the new way of working and has a better clarity on issues such as costs, labour productivity, health and hygiene requirements. Hence, a new survey was carried out, to bring more insight to the Indian construction fraternity and is reported in ‘Market Outlook of Construction Cost August 2020’