The central government appears to be quite serious about its “Housing for All by 2022” mission, and it has been constantly pushing this agenda by taking steps that will help achieve the mission. Granting an infrastructure status to affordable housing in the budget and provision of a host of schemes for homebuyers and builders are such steps which have the potential to revive the real estate sector.
The builders also can see a clear opportunity here and so are gearing up. The construction and real estate industries are generating considerable employment demand for skilled workforce, as per a report. In fact, they were the top hiring sectors during April 2017. Logistics, petrochemicals, IT, telecom and BFSI sectors also did significant hiring during the same period.
Bengaluru and Pune posted the maximum rise in employment demand, with Ahmedabad and Indore emerging as the top hiring non-metros cities. Among the states, Maharashtra (minus Mumbai and Pune) posted a five per cent rise in demand. Hiring gained momentum for skilled and experienced professionals while it dropped for freshers. Candidates with a work experience of more than 20 years posted the highest rise in talent demand in April 2017, says the report.
While the overall talent demand was up by three per cent during April 2017, real estate posted a 7 % rise in talent demand and the construction sector saw a 6 % rise in demand, according to the latest RecruiteX, the recruitment index by TimesJobs.
“Our RecruiteX report reflects the growth of the Indian middle class and their rising purchasing power, which has converted the dream of owning a home into tangible demand for affordable housing. When coupled with Prime Minister Modi’s drive to create a business-friendly environment, drive real estate growth, and create jobs, the sector is on a hiring spree to take advantage of the next growth wave,” TimesJobs Business Head Ramathreya Krishnamurthi said.