Mr. Paul i have read what you said & i agree with all the reasons that you have mentioned for the downfall in the US construction industry.Moreover looking at indian construction market i would say that although from past 1 year and so there is a decline in this industry but because india is such a huge country,it is but obvious that the situation will improve sooner rather than later. but yes at this point of time it is definitely in a crisis situation.And also when do you expect US construction industry to bounce back? Do reply back.
By
Anjali Bhatia, Construction-Heavy, Sobha Developers
| 04 06 2009 07:56:01 +0000
Mr.Rastellini, I am so sorry to hear that.Have there been any
improvement after Mr.Obama became The President of United States of
America ?
Well, here the construction project have been stopped and we are seeing a lot of incomplete projects. Apartments are left half way. As there are no buyers for it. Hope the situation doesn't get as critical as US is facing .
By
Dayanand Deshpande, Senior Consultant, Ernst & Young
| 03 30 2009 10:48:49 +0000
If you buy at wrong price you are forced to sell at wrong price. last 2 years how companies were busy buying land banks at unbelievable rates are facing cruel truth of today.
reducing prices, giving additional margings to agents. They are forcing banks to reduce rates but how much rates they are dropping. I thing next 6 months they will realize how much money they have stuck in such deals. so many investors are withdrawing there investments from almost every projects, even customers are asking for refund as they are getting more bright offers from cmpetition.
By
Alok Sharma, Retail , Leading Consultancy Firm
| 03 05 2009 12:13:58 +0000
Yes, I think recession had hit in almost all sectors including the construction industry. Investors are, now, not buying any property and have stopped going in for more investments. When no one buys, rates are stagnated at some particular point. And also the sale price has stopped further climbing up, since there are no takers.
By
Dayanand Deshpande, Senior Consultant, Ernst & Young
| 02 04 2009 07:54:14 +0000
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Industrial Construction has it's own demand at all time without any crisis at any time. So if any individual moves for Industrial Construction in respect of any side employer or employee will be always in demand as my experiences say.
By
Rashbehari Chatterjee, Construction Manager- Civil & Structural
| 01 29 2010 05:53:35 +0000
I think Mr.Suraj is right.Just because most of the industries are facing the effects of recession doesn't mean that every sector is finding or will find tough to stay afloat.Construction industry in India is one such industry which we can say is somewhat recession proof because India is a developed country and in terms of building infrastructure a lot is to be done.To make India a superpower, infrastructure development is very necessary and because of that construction industry will always be in demand and is definitely not heading to recession.
By
Samir Das, Tech Architect, Infosys
| 05 15 2009 12:31:47 +0000
I agree with Mr.Srinivas's point of view. But all these arguements supporting his view point are only speculations Being a consultant from Stratagic planing organization he should support his arguement with facts, fingures, scientific analysis and market researches etc. If he could provide such inputs it would be be great brainstorming effort among the project & construction management industry professionals. R. Raj Mahender Sr.DyGM-Projects AEC Infotech Pvt Ltd (PMC)
By
Raj Mahender, Project Management Consultant at freelance
| 05 14 2009 04:59:43 +0000
I am not agreeing to long term crisis in construction industry. Reason we have good support from other business houses and have the realistic price of all the building material, recession was impact only for little time in construction industry. As thru of newspaper write that Americans are leaving in Tents who purchased the house few months/years back but have heard about any story in India , I am sure you have not heard about this. Our industry is having backup support except where foreign money invested but not for all companies. Yes this is right last time prices were high cause high input high output.
By
Bhanu Pratap Singh, Team Head, Institutional-Sales, Hyderabad Industries Ltd.
| 04 18 2009 07:14:30 +0000
No, Construction industry is not geading tiwards ressation. I think it is phyclogical effect, rather economic effect, because, this time i fill that Media has cretaed very much hype for ressation, thats lead people mentality to save the money wherever the possible way, Market is may feel pause effect.
In india there are lots of basic needs needs to be completed for the "aam adami" so in the bottom of the pyramid lots of think can be possible and that will lead the market, and we will come out from the ressation if at all exist.
By
Hemal Doshi, Asst. Manager contract, PMC (ADANI GROUP)
| 04 15 2009 09:22:42 +0000
The present crisis is a phenomenon borne out of several factors,including lack of common will and efforts to end it early. Due to growing demand,again due to increase in population,aspiration for better lifestyles,etc the system would by itself resolve the present crisis and its like putting the blocks in their proper places and we shall be able to overcome this crisis and could come up with better pace of developments.
By
Nittoor Jayaram Suresh, Sr.Project Manager, DHV India Pvt. Ltd
| 04 14 2009 22:26:40 +0000
No for India There is so much to be done in Infra ,Irrigation,Port,Airport,Telcom Etc.For housing it is a Much needed Correction.It will Also cut Exegarrated Salary.Only Real term Firms & Serious Construction will Survive .It will clear Fly by Night Operator.Only hard Working & Serious will Survive.Do not Bother It Will Take 3 years for Housing to Recover.
By
Suraj Sinha, Propritor, SRS Structure
| 04 01 2009 19:39:52 +0000
I agree with Shaju George and Srinivas. Construction industry is not limited to real estate. The basic assumption will go wrong if studies are conducted on this basis.
By
Vivek Singh, Project Manager, L&T
| 04 01 2009 16:50:55 +0000
No, the future success of the construction
industry will depend on the relationships with peers, customers,
suppliers and the community at large. IF the construction industry want
to survive the crisis, it need to play safer and smarter by planning,
research, defining goals, training etc...
If no initative is taken, sure the industry will be in long term crisis, else crisis will end sooner for them.
By
Pragya Kothari, Construction-Heavy, DLF
| 03 30 2009 11:04:52 +0000
if you have noticed construction is still at a high percentage even with turn down considering tax and exmployment oppertunities. not all businesses fail during different times.....
By
Ted Green, President, Bikini Computers
| 02 28 2009 22:02:21 +0000
based on all the economic fallout, somone actually looked and each country has to start rebuilding its infrastructure and buildings to meet our own codes ( allot of them do not) . IN the USA I call it the rebuild America plan. The concept is to use people out of jobs to help rebuild the countries towers, bridges, tunnels and more. This is all going to push construction here in the USA very high, and help our economics, they say. If my memoyy serves me right greed will separate the boys from the men soon, since over 500,000 people in the USA lost jobs in Jan 2009, and the layoff wave continues and even increase size ....
By
Ted Green, President, Bikini Computers
| 02 08 2009 16:23:38 +0000
No, I don't think so that industry is heading to a long term crisis because the government has given stimulus package towards infrastructure industry.
By
amit chaudhry, Senior Consultant, IML
| 02 04 2009 14:37:45 +0000
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