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Increased participation of Women needed in Real Estate, Construction sectors for $5 trillion Indian Economy: Naredco Mahi

New Delhi, March 3, 2023: In order to enable India to reach a $5 trillion economy, it would need to include more of its underrepresented women workforce, particularly in its real estate and construction sector, as discussed on the side-lines of 2nd Naredco Mahi Convention. A joint report made by JLL and Naredco Mahi also released at the 2nd Naredco Mahi Convention on March 3. The report also indicates that women’s participation in real estate is estimated at 7 million against men’s 50 million, and there is a 15% pay disparity in the leadership roles of women.
Additionally, the report highlights that only 2% of women hold leadership roles in construction companies, which needs to be addressed. The report has been prepared by Naredco Mahi and JLL and reveals that women constitute 33% of the workforce in India, as compared to 67% men. Employable women make up 52.8% of employable men, with the employability ratio increasing from 46.2% in 2021 to 50.3% in 2022.
In her opening remarks, Dr. Raghuvanshi observed that gender integration in real estate would prove to be an important milestone in the growth of the real estate sector in India, recognizing the contribution of women employees equally. She also felt that skilled workforce in real estate is critical to achieving near-perfection in construction.
The second Naredco Mahi Convention began on March 3, 2023, and a host of panel discussions took place on subjects such as Water Way to go – Jal Bachao Kal Bachao, Green Building and Sustainability, and Scale and Growth of Indian Startups in partnership with WiREnet World. The convention began with a welcome address by Dr. Ananta S Raghuvanshi, Founder Member, and President of Naredco Mahi. An address was also delivered by Mr. Rajan Bandelkar, President of Naredco, who focused on establishing linkages between past and future real estate practices with the integration of modern technologies.
Present on the occasion, Naredco President Bandelkar believed that the impression that real estate remains a male-dominated industry must disappear, which would be possible if female work participation is encouraged.

Sanjay Dutt, MD and CEO of Tata Realty and Infrastructure Limited, who also took part in the session, pointed out that their real estate and infrastructure projects respect and preserve water bodies and their sources, in order to achieve the goal of “Jal Bachao Kal Bachao” (Save Water, Save Tomorrow). Ms. Meghal Arya, author of “Spatial Ecology of Water,” also emphasized the importance of respecting and honoring water bodies and their preservation, so that water flow is sustained in these properties.

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