India's Real Estate Sector Poised to Lead Employment Generation: Industry Insights
The Indian real estate sector, the second-largest employer after agriculture, is witnessing robust growth with an 18.7% CAGR, making it a potential hub for job creation and young talent. Industry leaders are optimistic about the sector's future, driven by
Real EstateEmploymentCagrProptechNaredco MaharashtraReal EstateOct 06, 2024
Frequently Asked Questions
What is the current employment status of the real estate sector in India?
The real estate sector in India is the second-largest employer after the agriculture sector, with a compound annual growth rate (CAGR) of 18.7%, making it a significant contributor to employment generation.
How is the real estate sector contributing to the growth of other ancillary sectors?
The real estate sector, often called a 'mother industry,' is boosting other ancillary sectors through its well-established value chain, including developers, contractors, consultants, and investors. It is also fostering growth in PropTech startups.
What new types of professionals are in demand in the real estate sector?
The sector is now attracting a broader range of professionals, including data scientists, tech experts, and individuals skilled in big data and 3D modelling, to forecast industry trends and dynamics.
What is the current sentiment index score for the Indian real estate market?
The 'Current Sentiment Index Score' for the Indian real estate market has moderated to 65 from its peak in Q1 2024, indicating a more measured outlook among stakeholders.
What role does NAREDCO Maharashtra play in the real estate sector?
NAREDCO Maharashtra is a leading organization in the real estate industry, dedicated to promoting the growth and development of the sector. It fosters collaboration among various stakeholders and drives innovation and best practices in the real estate market.
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