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Construction Consultants

constructionconsultants.in

About Construction Consultants

Construction Consultants is a recruitment agency serving the construction industry. It is based in New Delhi, India.

Headquarters Location

204, Laxmi Bhawan 72, Nehru Place

New Delhi, 110019,

India

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Latest Construction Consultants News

2024 Business Predictions: Parm Bhangal, Managing Director, Bhangals Construction Consultants

Dec 8, 2023

2024 Business Predictions: Parm Bhangal, Managing Director, Bhangals Construction Consultants Parm Bhangal It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. It has become something of a tradition, given that we’ve been doing this now for over 30 years. Following a busy market and a lot of investment post Covid, I believe that 2024 will be much quieter year in the construction industry than we have been used to in recent years. Interest rates and the cost of borrowing has gone up significantly, which has meant some developers and homeowners looking to do bigger projects have been temporarily forced out of the market. The dramatic increase in interest rates over the last year has seen a huge impact on the property market, which in turn affects the construction industry. And because the sector is quietening, I anticipate that labour costs will continue to fall, gradually. Builders and contractors are likely to need to work harder to secure contracts and look at their price points in order to lock in longer term projects. Many tradespeople will be forced to bring prices down in order to compete and guarantee security. Lately, we have seen materials prices begin to fall too as supply catches up with demand and I think that trend will continue as we go into next year. Construction and property require such huge investment that it is currently seen as too great a risk for many. Anyone wary of the current climate is likely to hold off on investing until there is more positivity in the market. A message from the Editor: Thank you for reading this story on our news site - please take a moment to read this important message: As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them. With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected. As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism. As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content. Just click here to subscribe and in the meantime may I wish you the very best. Share

Construction Consultants Frequently Asked Questions (FAQ)

  • Where is Construction Consultants's headquarters?

    Construction Consultants's headquarters is located at 204, Laxmi Bhawan, New Delhi.

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