Real Estate Sector Looks for Management Graduates

February 18, 2008	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Real Estate Biggies like DLF Ltd and K Raheja Universal Pvt. Ltd are in hunt for IIM-K graduates, when job placements begin in the first week of March, for the 2008 batch. The school is also expecting some real estate consulting firms and realty funds to make offers to graduates.

Real estate sector which has been historically catogarised as an unorganized sector of the economy, relying on family ties and personal connections for its talent pool is changing trends. But if past experience and recruitment on college campuses — information technology in the 1990s, financial services and consulting in recent years — is any indication, the aggressive wooing of fresh management graduates reflects the changing and growing nature of the industry. Retail companies, for instance, were seen on campuses last year, a few months after giants such as Reliance Industries Ltd and Bharti Enterprises Ltd announced plans to enter the sector.

Real estate in India has already seen a rise in mid-level salaries and high attrition rates. A number of real estate firms tapped the capital market last year—developers, including DLF, Omaxe Ltd and Puravankara Projects Ltd, raised around $3.7 billion (Rs14,689 crore) in 2007. Another company, Emaar MGF Land Ltd, shelved an initial public offering earlier this month due to the turbulent stock market.

News Published Under:   Real Estate Developers |

Comments