Only 70 Lakh Women in 7.1 Crore Workers Employed in Indian Real Estate: Report
A joint report by Max Estates and In Tandem Global Consulting reveals the economic impact of better pay parity in the real estate sector, highlighting the gender imbalance in employment.
Real EstateGender EqualityEconomic ImpactPay ParityWorkforceReal Estate NewsJan 20, 2025
The report highlights that only 70 lakh women are employed out of a total workforce of 7.1 crore workers in the sector, indicating a profound gender imbalance.
Max Estates, a leading real estate firm, has been at the forefront of promoting gender equality and economic empowerment in the industry.
The company has been working towards creating a more inclusive and diverse workforce, recognizing the value that women bring to the table.
In Tandem Global Consulting, a management consulting firm specialized in economic impact analysis, collaborated with Max Estates to conduct this comprehensive study.
The report underscores the importance of addressing the gender pay gap and increasing female participation in the real estate sector.
It highlights several key findings
1.
Gender Imbalance The current workforce in the Indian real estate sector is predominantly male, with women accounting for only about 10% of the total workforce.
This stark imbalance is evident across various roles, from manual labor to management positions.
2.
Economic Impact The study shows that improving pay parity and increasing female participation can have a substantial economic impact.
It is estimated that if the gender pay gap is closed and more women are employed, the sector could see a significant boost in productivity and GDP contribution.
3.
Barriers and Challenges The report identifies several barriers that hinder women's participation in the real estate sector, including cultural norms, lack of education and training, and limited job opportunities.
Additionally, the sector often lacks the infrastructure and support systems needed to accommodate working mothers and other female employees.
4.
Recommendations To address these challenges, the report suggests several recommendations, including
- Implementing policies and initiatives to promote gender diversity and inclusion.
- Providing education and training programs to equip women with the necessary skills.
- Creating flexible work environments that support work-life balance.
- Encouraging the formation of women's networks and mentorship programs to foster career growth.
Max Estates has already taken some significant steps to implement these recommendations.
The company has launched several initiatives to support women in the workforce, such as providing training and development programs, flexible work hours, and creating a supportive work culture.
These efforts have not only improved workplace conditions but have also enhanced the company's overall performance.
The real estate sector in India is a significant contributor to the country's economy, and addressing the gender imbalance is crucial for sustainable growth.
By promoting gender equality and pay parity, the sector can unlock new opportunities for economic development and social progress.
In conclusion, the report by Max Estates and In Tandem Global Consulting provides a comprehensive analysis of the gender imbalance in the Indian real estate sector and offers actionable recommendations to address this issue.
It is a call to action for all stakeholders in the industry to work together towards a more inclusive and equitable future.
Frequently Asked Questions
What is the current gender ratio in the Indian real estate sector?
Currently, only about 10% of the total workforce in the Indian real estate sector is female, with women accounting for 70 lakh out of 7.1 crore workers.
What are the key findings of the 'Concrete Change' report?
The report highlights the gender imbalance in the real estate sector, the economic impact of better pay parity, the barriers faced by women, and recommendations to address these challenges.
What are some of the barriers that hinder women's participation in the real estate sector?
Cultural norms, lack of education and training, limited job opportunities, and the lack of infrastructure and support systems for working mothers are some of the barriers identified in the report.
What steps has Max Estates taken to promote gender diversity?
Max Estates has launched initiatives such as providing training and development programs, flexible work hours, and creating a supportive work culture to support women in the workforce.
What is the estimated economic impact of closing the gender pay gap in the real estate sector?
The study estimates that closing the gender pay gap and increasing female participation can significantly boost productivity and GDP contribution in the real estate sector.
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