Real Estate to Provide Jobs to Two Millions People in Next 5 Years
Sanyam Dudeja, VP-marketing, TDI Builders said, Indian real estate sector is such a vast field which has provided job opportunities to people from various other spheres like investment bankers, marketing managers, visual merchandisers and people from supply chain distributors.
According to Dudeja, India’s total retail market is estimated at Rs 9,300 billion where as organised retail sector is pegged at Rs 300 billion and is expected to grow at a rate of 30 percent over the next five years.Indian real estate presently provides jobs to approximately 15 percent of educated Indians and has the potential to employ over two billion people in the next five years, he added.
Explaining the reasons for such huge job demands, he said the reason for such demand has been due to great demands for residential as well as commercial real estate projects that require mammoth manpower to meet the soaring the demand.
However, Hari Gautam of School of Business and Communication Studies, is of the view that real estate industry sector requires people who have knowledge in business, finance, investment and last but not least are good at communication skills.
And Gautam’s tips for those who want to make career in real estate sector is, just have a formal orientation about this sector.
Many experts feel that this recent spurt in jobs in this sector has broken the widely accepted notion that real estate can provide jobs to only people involved in construction or to civil engineers.
While another real estate expert too agrees that real estate boom has opened up a huge employment and career opportunities in this sector. He also added that various firms are holding regular talks and symposiums’ to inform people about the new trends emerging in this sector.
