How attractive is the real estate sector for the job seekers?

Q: Knowing the fact that both residential and commercial market in this sector have not grown as aggressively as we all expected.

jitu jayswal,

25th February 2016

Real estate News in Mumbai

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how attractive is real estate for job seekers?

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Replies (7)

If you are looking for a job or already working in real estate, you may get lucky as http://www.sonipatproperty.com companies are giving above average salary increases. This despite both the residential and commercial markets have not grown as aggressively as analysts or the industry have been hoping under the Modi-led NDA government.

Amit Jindal, Sonipat

1st March 2016

Comment

Thanks To all For your feed back.

Amit Jindal, Sonipat

29th February 2016

Comment

The Real Estate industry in India has seen a slight slump over the past year but that is set to change in 2016. Improved buyer confidence and financial impetus from private investors will help provide the sector with a much needed boost. As rightly mentioned earlier, initiatives like smart cities and housing for all by 2022 are all steps in the right direction. However, whether the market is doing well or not it is important to ask yourself if a career in real estate is right for you. Let's look at some of the pros and cons of becoming a real estate agent. On one hand you can become a licensed real estate agent and start a new career in just a matter of weeks or months. On the other hand it is an investment in time, money and effort required. It comes with no guarantees. While you are an independent contractor and can control and make your own decisions. This very same fact means that you are on your own to learn the market and business, build networks etc.

Priya Desai, Mumbai

29th February 2016

Comment

Hello Guys,
according to me that time Real Estate is too slow in both residential and commercial projects. After sometime property will take up big growth.

Amit Jindal, Sonipat

28th February 2016

Comment

Hi,
On residential side, if GDP goes up, situation will become better. Also, if credit environment from banking perspective is relaxed and we see drop in loan prices even on a momentary basis, it can fuel growth.

Anwar Mohammed, Delhi-NCR

25th February 2016

Comment

What i think Anwar, unlike other industries, Real estate is not controlled by handful big players. There may be 200 to 300 regional players. It is a very shatter industry. Therefore, we will see bounce back happening in areas. Even as importance has always been on the tier-1 cities but there is more focus on the tier-II, III cities as well.

Abhishek,

25th February 2016

Hi,
India is having no prospect of progress whether it is residential or commercial real estate, we are talking about. Over the next 10-15 yrs, the industry will only grow. If you look at the corrections, prices are still largely the same in metro cities. I am not denying that it may have seen a dip with some of the premium builders taking knowledge of the demand and bringing it down, but for others it has remained largely unchanged.

Kunal,

25th February 2016

Comment

I am agree with you Kunal. Salary increases projection for the Real Estate and Infrastructure industry for 2016 is 9.8% which is a cautious number which would reach around around the India average of 10.3% in the next 12-18 months.

Alokesh Nandi, Kolkata

25th February 2016

Hi Alokesh,
For the infrastructure sector, the approach is average since the various initiatives in the pipeline and their success is dependent on the progress on various regulatory and administrative dependencies such as Land Acquisition Bill, government clearances at a departmental level and funding/payment clearance to the vendors along with speedy review and closure of tenders.

Kunal,

25th February 2016

Well Kunal,
Sales is a highly transferrable skill set, therefore this section in the industry sees movement across sectors. However, employees in core functions like architects and engineers have specific skill set. Therefore, there is not highly weak level here.

Alokesh Nandi, Kolkata

25th February 2016

Yes, and as analysts or the industry expert have been hoping for after the Modi-led NDA government took over reigns are not happened accordingly. Giving importance on the improvement and increase in existing infrastructure across the country, initiatives such as smart cities, housing for all by 2022 etc are all positive steps, which would create opportunities for the real estate sector to further grow

Kunal,

25th February 2016

Comment

Hi Kunal,
The main reason is the GDP has not been very high which means surplus income at the household level has not changed much. This has led to lesser investments.

However, this is not to say that this sector will see fullness anytime in future. It is an evergreen sector and where Indians love to put their money if they can afford.

Abhishek,

25th February 2016