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Really developers is one of maharashtra's most prestigious construction firm. The vision is to continuously strive to achieve better quality, build buildings of superior quality and be fair in the dealings. The only way to exit the industry is bankrupts.
Really developers is one of maharashtra's most prestigious construction firm. The vision is to continuously strive to achieve better quality, build buildings of superior quality and be fair in the dealings. The only way to exit the industry is bankrupts.
Really developers is one of maharashtra's most prestigious construction firm. The vision is to continuously strive to achieve better quality, build buildings of superior quality and be fair in the dealings. The only way to exit the industry is bankrupts.
Really was launched in 2009 amd seriously in 2010. They have not gone public yet. 1.deals in construction of building both corporate and private and the other deal in pre fab material. Competition is intense, revenue streams are drying up and cost pressure is mounting . the only way to exit the industry is bankrupts. With new industries entering the industry with advanced technologies today is an important day. The agenda for todays meeting 1. Introspect who we are(prepare a company profile) assumptions are acceptable but only within Indian industry context). 2. Potential of the industry(find out the leading players and why they are on the top, is it possible to survive what should we do to survive. What do to survive .what potential pro and cons do you think are of such probabilitites.
Company Profile Name Really Developers
Really developers, one of maharashtras most prestigious construction firm, is a mumbai based group, and has been in real estate development for more than 5 years have earned a reputation of being reliable and trustworthy people known for quality construction and on time possession. Our residential and commercial projects have always set a new trend by catering to the changing need of our client. When it comes to the best Residential or Commercial project in town, Really developers are always on the front row. Giving shape to the various prestigious projects at the prominent places in the town, our name symbolizes quality, commitment and timely Services. When every project bears the brand name "Really we always give it our best. So, those who are looking for a prime business place or a luxurious residence, we have the project catering to every need. One of the recent projects taken up and completed by the company is Skyline Tripoli Oasis housing Society in Ghatkopar. We follow strict construction quality norms and keep strict supervision to achieve the best quality and construct building which are known for their superior construction quality. The vision of the group is to continuously strive to achieve better quality, build buildings of superior quality and be fair in the dealings. We have a big family of satisfied customers who have been our inspirational source; we have executed several projects in Mumbai.
Mission To provide high quality infrastructure to corporates and private
To build cost efficient and trend setting infrastructure
To develop into one of the best managed company and to set benchmark in the construction industry. Vision The vision of Really Developers is to achieve the highest possible standards of the real estate industry and be sustainable by safeguarding the environment. We pursue clearly defined strategies to advance our market leadership. Core values No compromise in quality with excellence and finesse. Goals Creating Green Buildings (Carbon neutral buildings), extending to eco-sensitive projects. Financial considerations The companys operating budget is around 80 crores with 10 partners 20% partnership 1.year 12 13 14 15 P&L account 2.type of company 3. critical Location (where and why,RBI guidelines, ppl buying lands or not) Time of Completion (beginning to end), when do u sell? Cost (industry avg of mark up, how much do we paty for each sq feet) Quality ( Overrun (cost & Time) Municipal Laws (road layout ,plans, construction material(time overrun, where to store )l)
4. 3 crores in inventory includes cements purchased, materials on-site 10 crores includes vehicles and machineries 2 crores includes leased out equipments we have 69 crore includes the value of the land (pre construction) We have 50 crores in Bank loan And 1 crore to be paid to the suppliers Tell about yourself (Roles)
Industry size and Growth of Construction Industry India's Construction industry has grown at a Compounded Annual Growth Rate (CAGR) of about 11.1% over the last eight years on the back of massive infrastructure investment and rapid rise in housing demand. Figure 1: I ndustry size and growth of Construction GDP at constant prices (Rs. billion)
Source: IMaCS analysis The Real Estate segment contributes around 24% to the Construction GDP of India while Infrastructure segment contributes around 76%.
Figure 3: Share of Real Estate and Construction by GDP contribution
Rs 504
Billion
Rs 1,596 24%
Billion
76%
Real Estate
Infrastructure
Source: Economic Survey 2005-13, IMaCS analysis
1.3. Real Estate Sector
In terms of GDP contribution, Real Estate sector is estimated at around Rs. 504 billion in 2007-08. The market size of the Indian real estate sector is estimated to be around Rs. 2,643 billion in 2007-08. The sector has been growing at a CAGR of 12%. It is constituted of the Residential, Commercial and real estate activities of Special Economic Zones.
Figure 4: Real Estate Segments
Commercial
/ Retail SEZ 9%
9%
Residential 82%
Source: I-Sec Research, Ministry of Commerce and Industry, IMaCS analysis
1.3.1. Residential
At around Rs. 2,171 billion, the housing sector is estimated to grow at 12% in the long term. Demand for housing is estimated to be around 4.8 million houses per year over the Eleventh Five Year Plan period. In addition to the need for new housing tenements, the demand is also likely to be fuelled by the housing shortages already prevalent in several states. The shortage of housing across several states, as illustrated in the graph below, amounts to about 25 million houses in the period of the 12Th Five Year Plan.
Figure 5: Housing Shortage by State over the Eleventh Five Year Plan (million houses (% of share of various states)
Andhara
Pradesh Gujarat
1.95 1.66
8% 7% Karnataka Other States
Delhi 5.11 1.63
21% 7%
1.13 Madhya 4%
Pradesh
West Bengal Maharastra 1.29
3.72 5%
2.04
15%
8%
Uttar Pradesh Tamil Nadu Rajasthan
2.38 2.82 1
10% 11% 4%
Source: Planning Commission Working Group on Urban Housing, 2012
. Commercial/Retail Construction
The rapid growth of the Indian economy has had a significant impact on the demand for commercial property to meet the needs of business, by way of offices, warehouses, hotels and retail shopping centres. Growth in commercial office space requirement is led by the burgeoning outsourcing and information technology (IT) industry and organised retail. For example, IT and ITES alone is estimated to require 150 million square feet across urban India by 2013. Similarly, the organised retail industry is likely to require an additional 220 million square feet by 2013 4 .
Figure 6: Size of Commercial/Retail Construction
Retail Office
Rs 113 billion
Rs 126 billion 47%
53%
Source: I-Sec Research, Ministry of Commerce and Industry, IMaCS Analysis
1.4. Infrastructure
With the government's focus on infrastructure development along with the active participation of the private sector, this segment is growing rapidly. The Power, Irrigation, Transportation including Roadways, Railways, Airports and Ports, Urban Development and Communications sectors have witnessed investments of Rs. 6.9 trillion over 2013 and will witness around Rs. 14.8 trillion in2015 Distribution of Outlay in I nfrastructure Segments in 2014and 2015 YearPlans
1,600,000
Rs 953 billion
1,400,000
1,200,000
1,000,000
Rs 5.7 trillion
Communications
Transportation
800,000
Rs 1.2 trillion
Urban Development
600,000 Rs 989 billion Rs 2.1 trillion
Irrigation
Power
Rs 2.2 trillion
400,000 Rs 382 billion
200,000 Rs 1.03 trillion Rs 4.8 trillion
Rs 2.3 trillion
-
14th FYP 15th FYP
Source: Economic Survey 20012-13
Major Players
The first professional consultancy company, National Industrial Development Corporation (NIDC), was set up in the public sector in 1954. Subsequently, many architectural, design engineering and construction companies were set up in the public sector Indian Railways Construction Limited (IRCON) National Buildings Construction Corporation (NBCC), Rail India Transportation and Engineering Services (RITES), Engineers India Limited (EIL), etc.) private sector (M N Dastur and Co., Hindustan Construction Company (HCC) etc.).
The Indian Construction industry comprises of about 200 firms in the corporate sector. In addition to these firms, there are about 1,20,000 class-A contractors registered with various government construction bodies. There are thousands of small contractors, which compete for small jobs or work as sub-contractors of prime or other contractors. The major players in the construction industry are:
Companies such as L&T, Unitech, GMR Infrastructure, HCC, Gammon, Jaypee group, Jaiprakash associates, BL Kashyap etc. which undertake large infrastructure projects. Companies such as IVRCL, Nagarjuna, L&T, DLF, Omaxe etc. involved in the construction of flyovers, pipelines, apartments and housing/office spaces.
Companies such as DLF, Purvankara, Raheja and others are engaged in the construction of residential and office space.
Skill requirements and skill gaps common to the Building, Construction and Real Estate Sector
Level Skills required Skill gaps
Ability to manage costs, quality and ensure Inadequate knowledge of
on-time delivery of project planning and scheduling
Ability to highlight issues, if any, to the software
senior management and ensure their
resolution so as not to compromise on cost, Inadequate project
quality and time management skills
Sufficient knowledge of the local language to
Project be able to communicate with contractors and
Manager (of labourers Difficulty in controlling time
3 to 4 years Ability to maintain project site documents overrun and cost overrun
experience) Basic understanding of hydraulics electrical
knowledge and piping Poor project management
Ability to effectively manage contractors and and resource estimation skills
ensure that contract specifications are being
met Insufficient orientation
Ability to understand technical drawings and towards project costing,
thus the project design efficient inventory
Ability to ensure compliance to construction management and adhering to
approvals and laws and understand legal deadlines
Level Skills required Skill gaps
issues associated with the industry
Basic knowledge of construction equipment Lack of communication and
Strong task orientation, trouble shooting to team building skills
resolve issues, high integrity and energy
levels Insufficient ability to manage
Basic computer skills and ability to work on multiple contractors and
MS Excel resolve conflicts
Strong networking and liasoning skills
Ability to manage inventory and ensure
appropriate usage
Ability to plan and effectively deploy the
available resources (man, machine, material)
Ability to ensure that safety and health norms
are adhered to
Strong oral and written communication skills
to be able to communicate effectively with
Head Office, contractors, architects, laborers
etc.
Ability to control the finances of the project,
including expenditure monitoring and
reporting
Advanced knowledge on project costing and
project management tools like PERT and
CPM includes good computer skills
Ability to articulate project objectives to
team members, coordinate and motivate the
site team
Ability to communicate and implement safe Civil engineers hired for this
practices, such as ensuring that a net is laid role usually do not have
Engineers / while working in a pit with loose soil sufficient ability to develop
Ability to ensure minimal machine downtime and comply to a Preventive
Supervisors
and avoid breakdowns say, for batching Maintenance schedule
plants, transit mixers, etc.
Ability to appropriately allocate work to Inadequate orientation to
semi-skilled and unskilled workmen develop and adhere to safety
Level Skills required Skill gaps
Ability to effectively communicate with norms at construction site semi-skilled and unskilled workmen and articulate project objectives to all Lack of communication and Ability to understand and take instructions team management skills from project managers Ability to supervise and ensure quality of Incomplete knowledge of work tendering processes Ability to maintain a high level of integrity Ability to manage skilled and unskilled Insufficient writing skills in workmen and resolve disputes as and when English and documentation they arise skills Ability to create a sense of trust among the semi-skilled and unskilled workmen so that Incomplete understanding of they approach the engineer / supervisor in risks associated with a case of any issues project such as time/cost Ability to understand, speak, and know the over-runs as well as legal local language and also understand its aspects nuances Knowledge of construction equipment and Lack of coordination skills their functions and the ability to ensure that the equipment is maintained as per standards Poor time management skills Good written and oral communication skills Understanding of legal issues associated with Poor planning and the industry scheduling skills, including Ability to manage conflicts and stress skills for estimating Overall execution and management of the manpower and material project allotted Insufficient orientation Ability to schedule preventive maintenance towards project costing, activities and undertake breakdown functionality of equipment maintenance and their maintenance Insufficient ability to resolve conflicts Few students willingly take up Civil Engineering courses at the diploma and degree
Level Skills required Skill gaps
levels and it is thus difficult
to fill up these seats with
good students many
students who take up this
course do so because they do
not get admission to other
preferred courses hence the
quality of students who pass
out from the degree and
diploma courses has room for
improvement
Engineers are required to be
on-site there is resistance to
travelling and staying in
remote locations
Many do not know /
understand the native
language of skilled /
unskilled workmen need to
be deputed on a project based
on language skills
Inadequate planning skills
Inadequate practical industry
exposure
Ability to coordinate with unskilled workmen Inadequate knowledge of
Ability to operate key equipment such as construction specific areas -
cranes, especially tower crane operations, such as lining, leveling, and
and also mechanisms for loading and finishing skills in carpentry
Skilled unloading of cranes Availability of these
workmen Ability to work at heights (for high rise personnel is an issue - it
buildings, especially in the case of crane may be necessary to import
operators) people with relevant skills
Ability to deliver quality output from Middle East/South East
Need to be adept in their own trades e.g. Asian countries/ China, etc.
plastering, painting, plumbing, etc. Lack of knowledge of basic
Level Skills required Skill gaps
Knowledge of construction specific areas machine operation
such as while carpentry is a generic course appropriate operation of
which is taught, there is a need for carpenters cranes lifting and placing
engaged in the Construction industry to be
aware of lining, leveling, and finishing skills Inadequate ability to
Need to understand machine operations and understand instructions of
Ability to perform the operations of Very little safety orientation
excavation, carrying, cutting, helping of
mason, mixing, spreading of stones, packing Inadequate workplace skills
Ability to be involved in and perform manual discipline, cleanliness, etc.
labour intensive work thus need to be
medically fit Inability to follow simple
Unskilled Need to have an orientation towards safety instructions
requirements and basic workplace practices
workmen
(reporting to work on time, etc.) Low job loyalty - very prone
Need to be able to move material as required to leaving one construction
using carts / manually, and thus also need company and joining another
to be physically strong
Ability to take instructions from skilled
workmen / supervisors / engineers and
execute them appropriately
Material preparation / Concrete mixing
Source: Primary research and IMaCS analysis
Skill requirements and gaps specific to individual segments over and above what is common across these two segments are detailed below:
2.4.2. Skill gaps common to the Real Estate
Table 7: Skill gaps specific to the Real Estate segment
Function Level Skills required Skill gaps
Land Experienced Ability to liaison with land owners, Civil engineers hired acquisition and personnel government bodies, village for this role usually land bank authorities, property dealers, etc. to lack knowledge about creation identify sources of land relevant government Ability to study legal papers and procedures and check the property accordingly clearances Ability to understand and comply with local Government procedures Lack of aptitude to related to land procurement write good basic Strong liaisoning and negotiation investment proposals skills i.e. the ability to maintain in English language good relations with local and controlling authorities Personnel are not very Strong written and oral articulate while communication skills to be able to liaisoning . interact with different land owners (private/Government) Ability to understand overall dimensions of land, the topography, etc. including aspects like requirement for roads/pathways, pavements, resulting wastage etc Purchase of land after rate negotiation
Entry Level Basic legal knowledge Inadequate legal personnel Basic ability to understand knowledge contracts and agreements Ability to understand suitability of Inadequate networking land for construction purposes, i.e. skills the ability to assess the land on technical parameters such as
Function Level Skills required Skill gaps
available supply of water, electricity, access by road for delivering construction material, etc. Ability to maintain good relations with local and controlling authorities Basic understanding of the real estate market in terms of drivers of land prices, means of acquisition, etc.
Project Experienced Ability to define the project theme Inadequate ability to conceptualisati- personnel and key features, narrow in on the plan out large scale on, design, target set of customers, projects including planning and understand/perceive their high rises, large marketing requirements, design the layout housing complexes, (including accordingly keeping in mind infrastructure projects. seeking functionality, architectural and approvals) aesthetic aspects and frame the marketing and sales strategy Appropriate selection of land from the land bank for the project under consideration for example, a land closer to the main centre of a city may be selected for a mall Ability to liaison with architects (in case architects are sub- contracted by the company) Ability to undertake the detailed design and engineering and shortlist and select vendors for borewells, earth filling, construction, development works, landscaping, horticulture, etc. Ability to correctly estimate the
Function Level Skills required Skill gaps
module-wise/function-wise costs and hence correctly estimate the total project cost Ability to estimate correct project timelines Ability to decide strategic parameters such as whether the property will be leased/whether it will be an outright sale, what the optimum mix of lease v/s sale will be for commercial properties Ability to market the property with future owners/tenants through ads, hoardings, tie-ups with property dealers, corporate tie-ups, etc. Knowledge of property markets and relevant government procedures and clearances Ability to initiate technical and legal formalities with statutory authorities for sanctions so as to ensure uninterrupted progress of work when project execution starts, i.e., coordinate and seek clearances/ approvals from the required urban development authorities, Government bodies, Pollution Control Board, and other stakeholders as deemed necessary Ability to understand legal contracts and sign deals with contractors
Entry Level In-depth architectural Inadequate knowledge personnel knowledge of Project Management In-depth civil / construction skills and Project
Human Resource and Skill Requirements in Building, Construction Industry and Real Estate Services
Function Level Skills required Skill gaps
knowledge Management software
Project management skills, like MS Project /
including the use of project Prima Vera, etc.
management software
Knowledge of costing Lack of practical
Knowledge of commercials knowledge of
taxes, duties etc. construction
Ability to understand survey technologies /
techniques methodologies e.g.
Ability to prepare working plastering, piling,
drawings, water proofing, use of
Knowledge of lab testing machines,
understanding of pre-
methodologies, safety procedures
fab structures and dos
and ISO requirements for Health,
and dont of
Safety & Environment
construction
Lack of exposure to
survey techniques, Lab
testing methodologies,
Quality Control and
Quality Assurance
Lack of knowledge of
safety procedures and
ISO requirements for
Health, Safety &
Environment
Facility Experienced General administration and Incomplete
Management personnel logistics, after the facility has been understanding of
occupied, including house keeping, maintenance services
security, front office, power back
up, etc Inadequate customer
Ability to conduct regular orientation and
preventive maintenance and as- interaction skills
Function Level Skills required Skill gaps
required breakdown maintenance of civil, electrical and mechanical Inadequate installations understanding of AMC Knowledge and proficiency in handling maintenance of services Inadequate like plumbing, elevators, documentation skills auditorium services, fire fighting and associated services Insufficient of Ensuring availability of utilities managing people such as water, electricity, etc. involved in delivering Ability to negotiate with and services manage vendors and contractors, including ensuring their payments Ability to have an orientation towards customer service
Entry Level Ability to undertake operations and Inadequate orientation personnel maintenance activities towards customer Coordination with multiple service agencies and vendors Ability to mobilize resources as Inadequate ability to and when required multitask and Ability to handle complaints from coordinate with inhabitants and ensure timely multiple agencies and resolution vendors Ability to keep track of complaints received Ability to have an orientation towards customer service
2.4.3. Skill gaps specific to I nfrastructure
Table 8: Skill gaps specific to the I nfrastructure segment
Function Level Skills required Skill gaps
Experienced Identification of tendering
personnel opportunities for infrastructure
creation, i.e. the ability to
identify potential business
opportunities
Ability to prepare technical
proposals to suitably cover
requirements indicated in the
bid document
Ability to estimate man-hours
needed for the project, number Inadequate techno-
of sub-contracted personnel commercial orientation
required, number of labourers
required, etc. Insufficient knowledge of
Ability to estimate legal issues
Tendering technological requirements
capital equipment needed, Not very articulate while
cranes required presenting or liasoning
Ability to understand the
tendering process and techno- Poor communication skills,
commercial analysis of projects, oral as well as written
including potential commercial
pitfalls, if any
Ability to prepare appropriate
cost estimates when bidding for
projects - project costing skills
Ability to understand technical
specifications of a bid and
convert the same into material
requirements
Ability to network with
colleagues outside the company
Function Level Skills required Skill gaps
so as to be appraised of leads as
they come up
Entry level Ability to understand the
personnel tendering process and techno-
commercial analysis of projects Inadequate understanding of
Ability to maintain a strong
detailed planning of projects
network
Ability to undertake basic Inadequate knowledge of
costing of projects
costing
Ability to coordinate with
various departments for Inadequate ability to
detailing tenders accurately
maintain a strong network
Broad understanding of
construction techniques and Inadequate understanding of
projects in construction
legal and contractual aspects
Ability to undertake basic
resource estimation of projects Inadequate tender-writing
Joint Hearing, 113TH Congress - Addendum To July 26, 2013, Hearing: Does Road Pricing Affect Port Freight Activity: Recent Evidence From The Port of New York and New Jersey