Only 70 Lakh Women Among 7.1 Crore Workers in Indian Real Estate: Report
A recent report highlights the stark gender disparity in the Indian real estate sector, where women make up just a fraction of the workforce. This article delves into the details of the report and explores the challenges and opportunities for gender equal
Real EstateGender EqualityWorkforceMentorship ProgramsFlexible Work PoliciesReal Estate NewsJan 20, 2025
According to a recent report, only 70 lakh women are employed in the sector, compared to a total workforce of 7.1 crore workers.
This stark imbalance underscores the need for concerted efforts to promote gender equality and inclusivity in one of India's most vital industries.
The report, which was commissioned by a leading industry body, highlights several key findings
1.
Women's Representation Women account for just over 10% of the total workforce in the real estate sector.
This is significantly lower compared to other sectors, such as IT and healthcare, where women's participation is more substantial.
2.
Role Distribution The majority of women in the real estate sector are employed in lower-level and administrative roles.
Few women hold senior positions or leadership roles, which further exacerbates the gender gap.
3.
Challenges Faced The report identifies several challenges that women face in the real estate sector, including gender bias, lack of mentorship, and limited career advancement opportunities.
These issues hinder the professional growth of women and contribute to the low representation of women in key roles.
4.
Economic Impact The underrepresentation of women in the real estate sector not only affects individual careers but also has broader economic implications.
A more diverse workforce can lead to better decision-making, increased innovation, and higher productivity, all of which are crucial for the sector's long-term growth and sustainability.
To address these issues, the report suggests several recommendations
1.
Mentorship Programs Establishing mentorship programs can help women gain the necessary skills and support to advance in their careers.
These programs should focus on pairing women with experienced professionals who can provide guidance and opportunities for growth.
2.
Training and Development Offering training and development programs can equip women with the skills needed to take on more advanced roles.
This includes technical skills, leadership training, and soft skills such as communication and negotiation.
3.
Flexible Work Policies Implementing flexible work policies can help women balance their professional and personal lives, making it easier for them to stay in the workforce and progress in their careers.
4.
Gender Sensitization Conducting gender sensitization workshops can help address gender biases and create a more inclusive work environment.
These workshops should be mandatory for all employees and should focus on promoting respect and equality.
5.
Incentives for Employers Providing incentives for employers who actively promote gender equality can encourage more companies to take meaningful steps towards inclusivity.
These incentives could include tax breaks, grants, and public recognition.
Several organizations are already taking steps to address the gender gap in the real estate sector.
For example, the Real Estate Regulatory Authority (RERA) has launched initiatives to promote women's participation, and some leading real estate companies have implemented mentorship programs and flexible work policies.
However, there is still a long way to go.
The industry needs a collective effort from all stakeholders, including government bodies, industry associations, and individual companies, to create a more equitable and inclusive environment for women in real estate.
In conclusion, while the report highlights the current challenges, it also presents a roadmap for change.
By implementing the recommended strategies, the real estate sector can not only improve gender equality but also enhance its overall performance and contribute to the broader economic development of the country.
Information
The Real Estate Regulatory Authority (RERA) is a government body established under the Real Estate (Regulation and Development) Act, 2016.
Its primary role is to regulate the real estate sector and protect the interests of homebuyers.
RERA has been proactive in promoting transparency, accountability, and consumer protection in the industry.
Frequently Asked Questions
What is the current representation of women in the Indian real estate sector?
According to the report, women currently make up only 10% of the total workforce in the Indian real estate sector, with 70 lakh women out of 7.1 crore workers.
What are the main challenges faced by women in the real estate sector?
The main challenges include gender bias, lack of mentorship, and limited career advancement opportunities, which hinder the professional growth of women in the sector.
What are some recommendations to improve gender equality in the real estate sector?
The report suggests establishing mentorship programs, offering training and development, implementing flexible work policies, conducting gender sensitization workshops, and providing incentives for employers who promote gender equality.
What role does RERA play in promoting gender equality in the real estate sector?
RERA, the Real Estate Regulatory Authority, has launched initiatives to promote women's participation and create a more inclusive environment in the real estate sector.
Why is it important to address the gender gap in the real estate sector?
Addressing the gender gap is crucial for better decision-making, increased innovation, and higher productivity, which are essential for the sector's long-term growth and sustainability.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.