The government has introduced a new HR policy for the real estate sector, aimed at improving working conditions and benefits for employees. The policy includes provisions for minimum wages, social security, and health insurance for workers in the construction industry. According to a report, the policy will benefit over 1 million workers in the sector, with many companies such as DLF and Unitech welcoming the move.
The policy also includes guidelines for the recruitment and training of workers, with a focus on skill development and upgradation. Many real estate companies are expected to implement the new policy, with some already starting to roll out new benefits and initiatives for their employees. In terms of salary benchmarks, the policy includes provisions for minimum wages of ₹25,000 per month for skilled workers and ₹18,000 per month for unskilled workers.
The policy is a positive step for the industry, with many experts predicting an improvement in productivity and efficiency. With the growth of the sector, there will be a need for skilled professionals to manage and develop properties, making it an attractive career option for many. The new HR policy is expected to have a positive impact on the real estate industry, with many companies looking to improve their HR practices and attract top talent.
In cities such as Navi Mumbai and Thane, the policy is expected to benefit many workers in the construction industry, with many companies looking to set up new projects and developments in these locations
