Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Godrej Properties in partnership with Dasra Launches report

Posted On: 2021-10-26 11:11:29 (Time Zone: IST)

Godrej Properties Limited (GPL) (BSE scrip id: GODREJPROP), one of India's leading real estate developers, in partnership with Dasra, has launched the report 'Inclusive by Design: Cementing the Future for Informal Workers in India's Construction Sector'. The report provides actionable insights on the systemic barriers that heighten the vulnerability of informally employed workers in this sector.

The report highlights five cornerstones for stakeholders to ensure an equitable future for workers:

  • Improve data collection and integration across workers' migration corridors and value chains to enable greater visibility and security
  • Enable financial, social and legal protection by securing requisite identity proof and worker registration
  • Create expectation alignment for workers through a channel informed by industry demand
  • Ensure gender equity in opportunities, working conditions and wages through inclusive policies and practices
  • Empower construction workers' families and communities by access to diverse livelihood opportunities to prevent distress led entry into the sector

The construction sector is the single largest absorber of informal and migrant workers in India. Due to the low entry barriers, the industry employs a large chunk of India'ssurplus nonagricultural workforce. This is furthered on account of fast-paced urbanization and a high demand for low-skilled workforce.

Godrej Properties Limited has continued to uphold its commitment towards worker welfare even asthe pandemic paralysed industry operations. Thousands of workers continued to stay on at GPL's construction sites asthey were provided with meals and sanitized living conditions through the lockdown. The unprecedented situation however brought with it the realization that millions more were impacted and there was a lot more to be done.

Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, stated: "As we emerge from the pandemic, India's real estate and construction industries are faced with a choice, to rebuild as before or to reset the foundation to one that befits an industry of the future that places worker wellbeing at the core of sustainable business. In these challenging times, the onus lies with us, to chart the future as one where workers join out of aspiration rather than distress."

Furthermore, the report delves deep into the journeys of informal migrant workers to reveal the inequities arising from the primary breakpoints impeding their progresslinked with phenomenon of migration. The challenges they face have been analyzed across source, destination and at systemic levels. A gender lens has been adopted, given the exclusionary practices towards women in the sector.
  • 50 million workers engaged in Construction, several remain uncounted because of gaps in identification and data disaggregation
  • Construction employs the largest number of informal and migrant workers of any industry in India
  • 10 times more men than women are employed. The demand for women is limited due to gendered societal norms and skill gaps. Women earn at levels 30- 40% lower than their male counterparts, specifically in urban areas.

The 'key breakpoints,' at a glance are: Government and policy are backed by a strong legal framework but focus is needed on implementation; industries survive due to underpaid informal migrant workers amidst paucity of local workers; contractors who are primarily responsible for recruitment and welfare, are often mired in informality themselves; exclusionary practices and policy inaction make gender equity a growing concern in construction; communities share experience of distress from source to destination and over generations.

The report also covers profiles of credible non-profit organizations doing noteworthy work to alleviate the existing situation. Finally, the report provides a stakeholders-wise breakdown of critical next steps to achieve Sustainable Development Goals, namely: No Poverty, Gender Equality, Decent Work and Economic Growth, Sustainable Cities and Communities & Partnerships for the Goals.

There is now an opportunity for industry leaders and the Government to lead the way towards an inclusive future of work by targeting a holistic transformation, bridging identified systemic barriers, and promoting greater dignity and equity for informal workers in the construction sector.

Shares of Godrej Properties Limited was last trading in BSE at Rs. 2280.75 as compared to the previous close of Rs. 2353.45. The total number of shares traded during the day was 98201 in over 8626 trades.

The stock hit an intraday high of Rs. 2372.90 and intraday low of 2206.25. The net turnover during the day was Rs. 223731012.00.

Click here to send ur comments or to

Other Headlines:

RBI imposes monetary penalty of Rs. 1 crore on SBI

Vedanta Jharsuguda wins FICCI CSR Award for its Subhalaxmi Cooperative Project

Retail chain DMart leases space at Spaze Edge

Paytm celebrates its merchant partners, hundreds get tickets to the India vs New Zealand test match

Piramal Capital & Housing Finance and API Holdings Partner to Offer Financing Solutions for India's Rapidly Evolving Healthcare Ecosystem

Tata Steel executes the inaugural blockchain enabled trade between India and Bangladesh

IndiGo resumes flights to Singapore under Vaccinated Travel Lane

Hindustan Zinc conferred with prestigious '5 Star Rated Mines' award by Ministry of Mines

BOB Financial partners with OneCard to launch mobile-first, metal credit card

Jindal Stainless organizes stainless steel fabrication workshop for inmates at Central Jail, Lucknow

JM Financial launches Bondskart, a unique digital platform for ease of investment in debt securities

Nandani Creation Limited reports strong Q2FY22 Results

Tata Steel's Noamundi Iron Mine accorded the Five Star rating for 3 consecutive years

Emerald Leasing Finance and Investment Company Ltd to change name as Emerald Finserv Ltd

Sharika Enterprises Ltd receives order from LS Cable India Pvt Ltd

ICICI Bank Ltd raises Rs. 3595 crore through bonds

Saurashtra Cement Limited and Gujarat Sidhee Cement Limited to merge

Nature's Family Tree Foods Pvt Ltd is a fully owned subsidiary of APIS India Ltd

GSS Infotech Ltd board to consider acquisition, fund raising

Welspun Corp Limited to foray into polymer business, forms subsidiary

Salasar Techno Engineering Ltd receives order worth Rs. 170 crore from RITES Ltd

Radhe Developers India Ltd board approves JV agreement, to acquire Hotel Business

Hero MotoCorp Ltd inducts Mr. Rajnish Kumar and Ms. Vasudha Dinodia to its board

Waaree Renewable Technologies Ltd receives LOA for 140 MW DC Solar Power Plant in Gujarat

Radhe Developers India Ltd board approves rights issue

Refex Industries Ltd to foray into the Power Trading Business segment

Promoters announce delisting of Universus Photo Imagings Ltd

ICRA-assigned Credit Rating for Rs. 176.00 crore bank facilities of Unichem Laboratories Limited

CRISIL upgrades long-term rating of Balrampur Chini Mills Ltd

GHCL Ltd's credit rating upgrades by Ind-Ra

ITC to acquire 16% stake in Mother Sparsh, a D2C ayurvedic and natural personal care brand

Ircon International Ltd emerges as lowest bidder projects from NHAI and Chennai Metro Rail Limited

Sanofi India Ltd updates on divestment of Soframycin® and Sofradex® businesses

Swarnsarita Gems Limited is now Swarnsarita Jewels India Limited

Aurionpro announces strategic deal in Smart Transit segment

Greenpanel Industries Ltd suspends operations at Rudrapur MDF plant

CARE A1+ rating assigned to commercial paper of Atul Limited

Shreyas Shipping and Logistics Limited takes delivery of bulk carrier

Two mines of The Ramco Cements Ltd conferred FIVE STAR award

Ramkrishna Forgings Ltd wins Domestic order worth INR 90 million in Oil & Gas segment

Indian Metals and Ferro Alloys Ltd board approves 1:1 bonus issue

KFIL announces execution of agreements to acquire a majority stake in and sole control of ISMT Limited

Vakrangee Ltd to provide complete online stock trading services across its platform

Godrej Properties buys 16-acres land parcel in Bengaluru's Sarjapur

Shivam Autotech Ltd fixes Record Date for Rights Issue of equity shares

Kirloskar Ferrous Industries Limited commences commercial production of Sinter Plant

Texmaco Rail & Engineering Limited's rights issue oversubscribed by 1.35 times

Kirloskar Ferrous Industries Ltd to acquire ISMT Ltd

Bonlon Industries Ltd acquires land and building at RIICO Industrial Area, Chopanki

Orosil launches ORO (Gold) coins under its 'Sincere' Brand

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020