RICS suggests six action areas for sustainable development

Professionals in the built environment sector must take concerted action to prepare for the unprecedented global change the sector will face up to 2030.This emerged from a new RICS report, entitled ‘Our Changing World: Let’s be ready’. The report examines how global social and economic changes will require new skills, business models and responses to developing technologies over the next 15 years.

The report was unveiled amidst 300 real estate professionals who gathered at the RICS conference on ‘Indian Real Estate: Fit for Future?’ in Bengaluru.

The report calls for action in six areas support the profession and the sector in preparing for the challenges and opportunities. The report examines how global social and economic changes will require new skills, business models and responses to developing technologies over the next 15 years.

While releasing the report, Louise Brooke-Smith, Global President Global, RICS, said, “India is on a cusp of change with several initiatives announced by the Indian Government. Indian real estate sector has been growing at a rapid pace and smart cities, technology and right talent can really help India to tide over its housing shortage. The Futures Research urges key stakeholders to focus their energies on preparing for important challenges as they move towards developing the sector at par with other developed nations.”

Devina Ghildial, Managing Director for South Asia region, said, ““Real estate and construction sector in India is continuously evolving at a rapid pace, right skilled talent will play a key role in achieving our objectives from this sector in the long term. This report calls for a collaborative effort by individuals, governments and companies to come together and achieve our country specific goals especially in providing housing for all”.

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This report draws on the views and perspectives of stakeholders from diverse specialisms and geographies across the surveying profession, globally. It captures the insights and expectations of what they project the most pertinent issues on the horizon will be leading to 2030. Through workshops, public forums and one-on-one interviews, more than 400 people from Asia, North America, South America, Europe and Africa shared their outlook of what the future may look like.