In the wake of record-breaking sales and robust growth in the real estate sector, the demand for skilled professionals has surged, prompting a hunt for talent across construction and sales departments.
Consultancy firms are grappling with a scarcity of qualified personnel, leading many to explore recruitment avenues in top business schools to replenish their workforce.India’s real estate and construction industry, which employed approximately 71 million individuals in 2023, is poised for significant expansion, with projections indicating a 40% increase in demand by 2024. This uptick in demand reflects the sector’s resilience and vitality amidst evolving market dynamics and regulatory reforms, notably the implementation of the Real Estate (Regulation and Development) Act (RERA). The landscape of the Indian real estate market has evolved rapidly, driven by factors such as increased sales volume and heightened regulatory oversight. As a result, there is a growing emphasis on professionalism, transparency, and expertise, not only in the primary market but also within the secondary market, particularly in the luxury segment.
Luxury real estate sales have outpaced other segments, underscoring the need for knowledgeable consultants who can cater to the discerning preferences of affluent homebuyers. Beyond mere property selection, clients in this segment value advisors who can provide strategic guidance and enhance their overall purchasing experience, whether for personal use or investment purposes. The evolving demands of the real estate market necessitate a proactive approach to talent acquisition and development. Firms must invest in recruiting and training professionals who can navigate the complexities of the industry while upholding ethical standards and delivering value-added services to clients. As the sector continues to expand and diversify, collaboration between industry stakeholders, educational institutions, and regulatory bodies will be crucial in addressing talent shortages and fostering a sustainable talent pipeline. By prioritising talent acquisition and nurturing a culture of excellence, the real estate sector can sustain its momentum and capitalise on emerging opportunities in India’s dynamic market landscape.
