Representative image
MANGALURU: Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown.
But the impact has been less severe on the real estate sector in Mysuru, where there is growing interest in independent housing units.
Experts tracking the property market say the situation may vary from one region to another, but the larger industry is going through a period of adjustment and needs government support in terms of clarity in rules and less regulatory pressure.
Representative image
MANGALURU: Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown.
But the impact has been less severe on the real estate sector in Mysuru, where there is growing interest in independent housing units.
Experts tracking the property market say the situation may vary from one region to another, but the larger industry is going through a period of adjustment and needs government support in terms of clarity in rules and less regulatory pressure.
Representative image
MANGALURU: Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown.
But the impact has been less severe on the real estate sector in Mysuru, where there is growing interest in independent housing units.
Experts tracking the property market say the situation may vary from one region to another, but the larger industry is going through a period of adjustment and needs government support in terms of clarity in rules and less regulatory pressure.