Fresh Careers in Real Estate

February 3, 2007	(1 votes, average: 5 out of 5)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Ever heard of a career in real estate? Yes, you could be a town-planner, a builder, an architect, an interior designer, a civil engineer, a broker, a mason or a construction worker. But when it came to other white collar jobs in real estate, they didn’t exist.

Well, meet the neo investment bankers, marketing managers, visual merchandisers and supply-chain distributors of realty. The lateral expansion of the industry has thrown up new avenues for employment.

Currently at Rs.300 billion, and employing almost 15% or 21 million of the educated workforce, the organized retail market is set to take off at a compounded rate of 30% in the next five years. The requirement for skilled staff in the sector would be 2 billion by then. Are the real estate developers geared to meet the situation?

Yes, if the recruitment drives of these companies is anything to go by. Trammel Crow Meghraj has recruited 1,050 trainees from the Birla Institute of Management in Delhi, the Indian Business Academy in Bangalore, Mumbai’s Rizvi and Chetna Institutes of Management, Pune’s Indira and Balaji Institutes of Management, amongst others while Hirco, Hiranandani group’s new investment company is looking overseas for manpower.

The developers also undertake training programs and organize seminars to update their employees with current trends. Keeping abreast of latest trends is imperative to sustain in this business.

There are 12 million retail outlets in India, with just 2% of it in the organized sector. The entry of big retailers in the market is causing some worry to the local grocer, who fears loss of business to these giants. However, new arenas for work come up with every new industry, as has been borne out by IT, and the organized retail sector will generate new opportunities in the years to come.

Most Viewed Real Estate News:

• Is your Home Vaastu-compliant?
• Noida’s Real Estate Graph – What turn will it take?
• Explore Your Investment Options

News Published Under:   Real Estate India |

Comments