Real Estate Hiring Surge: New Opportunities for Skilled Professionals and Construction Workers

Aug 12, 2024: The real estate sector, India’s second-largest employment generator, is currently experiencing a significant hiring surge. This boom is creating numerous opportunities for skilled professionals, with a particular focus on the construction sector, which is actively recruiting semi-skilled workers. A recent Indeed report highlights an impressive 86% increase in hiring across both sectors from March 2023 to 2024. This growth has been accompanied by a 57% rise in job seekers’ interest, with Delhi, Bangalore, and Mumbai emerging as the leading cities.

The sector’s rapid technological advancements and evolving market demands have spurred a technological revolution, transforming job roles, project management, and industry dynamics. The integration of technologies such as Building Information Modeling (BIM), Artificial Intelligence (AI), and sustainable building practices is driving demand for a range of skilled professionals, including engineers, project leads, general managers, vice-presidents, and architects.

Lalit Kumar Aggarwal, Co-Founder & Vice Chairman of Signature Global (India) Ltd, comments,
“The construction and real estate sectors are pivotal to economic growth, creating ample opportunities for skilled professionals and construction workers. As urbanization accelerates and infrastructure projects expand, the demand for a skilled workforce is expected to soar. By 2030, the global construction market is projected to grow by $8 trillion, reaching a total of $17.5 trillion. This significant growth underscores the sector’s crucial role in job creation and economic development, especially in emerging economies.”

He adds, “The industry’s adoption of digital and green technologies is driving additional demand for construction workers. The use of BIM, AI, and sustainable practices is not only improving efficiency but also transforming job roles. By 2025, India’s construction sector is anticipated to generate over 75 million jobs, highlighting the need for tech-savvy and sustainability-focused professionals. This shift is set to further enhance job roles and foster a more efficient and innovative sector.”

Ashwinder R. Singh, Co-Chair of the CII NR Committee on Real Estate, states, “The construction and real estate sectors stand at a critical juncture where advanced technologies and a focus on human capital are vital for future success. As Bangalore’s business environment flourishes, real estate companies are strengthening their leadership teams with experienced professionals to navigate this dynamic landscape.”

Harinder Singh Hora, Founder Chairman of Reach Group, emphasizes the transformative impact of real estate and construction on India’s employment landscape, “These sectors have undergone a profound shift in hiring strategies. Recognizing their significant role in the national economy, we will soon announce an expanded recruitment drive to attract top talent. Our goal is to build an ecosystem where individuals can thrive and play a crucial role in shaping the industry’s future.”

In line with this hiring surge, Bayside Corporation (BCS), a luxury real estate firm based in Goa, has revealed ambitious recruitment plans for the next two quarters. The company plans to hire 400 new employees for its sales division, focusing on operations in Goa and the Chandigarh-Tricity area. Similarly, Prateek Group, known for its employee-friendly culture in Noida, continues to attract talent by offering a supportive work environment and growth opportunities.

Ishan Agarwal, Co-Founder & COO of Aurika Homes, remarks, “The surge in hiring construction workers underscores the real estate sector’s commitment to meeting the growing demand for quality infrastructure. These workers are essential for delivering projects on time and driving industry momentum.”

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As these sectors evolve, the demand for both skilled professionals and semi-skilled laborers is expected to grow significantly. Firms are addressing immediate needs and laying the groundwork for more accessible, sustainable, and high-quality construction projects in the future.