Talent demand up in realty but salaries stable
With the Prime Minister's focus on creating 100 Smart Cities and affordable housing, industry experts believe this will lead to growth in demand for talent
Apr 27, 2015
Source : The Economic Times

 

New Delhi: The 'Make in India' push seems to have brought upbeat sentiments in the real estate sector. With the Prime Minister's focus on creating 100 Smart Cities and affordable housing, industry experts believe this will lead to growth in demand for talent. 
 
In the real estate sector, demand for talent has increased by 7 per cent in just one month (Feb 2015), shows RecruiteX, the TimesJobs.com recruitment index. 
 
In the year-on-year analysis, demand for talent has grown by 17 per cent from February 2014 to February 2015. 
 
Speaking to TimesJobs.com on new job opportunities in the sector, Arman Chaudhary, head-HR, Emaar MGF Land, said technology would play a key role in creating the need for new skill sets, especially for project and financial management platforms such as Primavera, Oracle as well as for design such as AutoCAD and BIM. 
 
The most in-demand skills/roles/functions for the real estate sector will be project management, contracts and procurement, sales and customer service, quality control, environmental health and safety, financial management and risk mitigation. 
 
"A converging performance on these parameters of business, supplemented by support and enabling functions would ensure organisational health and a steady growth for the enterprise," Chaudhary said. 
 
So, will the real estate industry roll out good hikes? Choudhary said compensation would not go up this year owing to low growth. The average increase in compensation will be linked to inflation. 
 
"The anomalies to salary hikes that occur when you hunt for a star performer will always be there but on the whole there will not be much upsurge in compensation levels this year." 
 
Housing warrants that the government comes out with an effective and lenient tax structure that enables developers to contain their input costs and offer homes at affordable prices, added Choudhary. 
 
Facilitative policies in land acquisition and approvals will ensure a quick turnaround of projects thereby fuelling job growth, he said. 
 
Chaudhary also said that if the plan for Smart Cities allows participation of private players, it will open up new lines of business and ensure creation of more jobs. 

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