India Real Estate Hits New High

September 12, 2007	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Indian real estate is making rapid strides on the back of country’s surging economy. The growing developments are also giving a boost to the Indian job market which has certainly been poised for greater dynamism after a high proliferation of IT companies.

According to a quarterly survey conducted by Manpower Inc., a global HR consultancy firm, the employer spectrum including the real estate, retail, and manufacturing has informed to have experienced a rise in their hiring activities.

With employers drafting and executing business strategies, hiring activity is projected to get an increased momentum in this quarter. The optimism of Indian employers is a true barometer of the development taking across India, says Soumen Basu, Executive Chairman, Manpower India.

Job sector in India has been primarily pushed by the factors such as finance, insurance, and property market. A large number of employers say to have an increase in their hiring plans.

‘The increased hiring in the services sector is a reflection of the role of this sector in India’s GDP growth. Also, the capital and financial health of the country today is fuelling the demand in the finance, real estate and retail sectors, which assures a plethora of opportunities for job seekers in the next three months,’ Basu added.

A surge in hiring plans clearly shows an increase in India’s GDP growth. In addition, the financial development of India is fuelling the demand in finance, real estate and retail sectors; and ensures an availability of large pool of jobs in the next three months.

News Published Under:   Real Estate India |

Comments