Breaking Barriers: Women in India's Real Estate Sector

Women's participation in India's growing real estate market, expected to reach $1 trillion by 2030, is on the rise. Despite making up only 11-12% of the workforce, initiatives like NAREDCO Mahi are empowering women to take on key roles.

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Breaking Barriers: Women in India's Real Estate Sector
Real Estate:Women’s participation is gradually increasing in India's expanding real estate market, which is expected to reach $1 trillion by 2030. However, according to recent reports, women currently make up only 11 to 12 per cent of the workforce. This disparity is being addressed by NAREDCO Mahi, the women's wing of the National Real Estate Development Council (NAREDCO). NAREDCO is an independent organization under the Government of India's Ministry of Housing and Urban Affairs, and its primary focus is the Viksit Bharat 2047 vision, which aims to empower women in various roles within the real estate value chain, including design, planning, site monitoring, and financing.

NAREDCO Mahi is actively working to increase women's participation in the real estate sector. Through their outreach and upskilling initiatives, they are collaborating with partners to create inclusive pathways for women. In Tier 2 and Tier 3 cities, women are becoming more visible in legal, marketing, and client-facing roles that were previously uncharted territory.

In the architecture sector, approximately 20 per cent of architects are female. In tier-1 cities, women occupy roughly 35 to 40 per cent of positions in legal, marketing, interior design, and Environmental, Social, and Governance (ESG) roles. However, in large metro areas, only 15 per cent of advisory businesses are run by women. The PropTech and startups sector, due to its adaptability and digital nature, is seeing a rise in women’s participation.

NAREDCO Mahi is also focusing on upskilling unskilled women laborers and encouraging their involvement in skilled occupations such as construction design and site engineering. This is being achieved through formal training plans, digital certification programs, and labor training exercises. According to data from NAREDCO, one in five Indian architects are women, and more women than ever before are in charge of real estate advising firms in Tier 1 cities.

The efforts of NAREDCO Mahi are not only crucial for gender equality but also for the overall growth and development of the real estate sector in India. By providing women with the necessary skills and opportunities, the initiative is helping to create a more inclusive and diverse workforce, which is essential for the future of the industry.

Frequently Asked Questions

What is the current percentage of women in India's real estate workforce?

Women currently make up 11 to 12 per cent of the workforce in India's real estate sector.

What is NAREDCO Mahi and what is its role?

NAREDCO Mahi is the women's wing of the National Real Estate Development Council (NAREDCO). It focuses on empowering women to assume important roles in the real estate value chain, including design, planning, site monitoring, and financing.

What sectors are seeing the highest participation of women in real estate?

Women occupy roughly 35 to 40 per cent of positions in legal, marketing, interior design, and ESG roles in tier-1 cities. Approximately 20 per cent of architects are female.

How is NAREDCO Mahi upskilling women in the real estate sector?

NAREDCO Mahi is upskilling unskilled women laborers and encouraging their involvement in skilled occupations such as construction design and site engineering through formal training plans, digital certification programs, and labor training exercises.

What is the significance of the Viksit Bharat 2047 vision for women in real estate?

The Viksit Bharat 2047 vision, a key focus of NAREDCO, aims to empower women in various roles within the real estate value chain, contributing to the overall growth and development of the sector.

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