The long-term view for the Indian real estate industry is quite positive since its fundamental demand drivers - increasing urbanization, favorable demographics, growth of the services sector and rising incomes are intact. India’s favorable demographics and strong economic growth make the country an attractive place for property investors, as the demand for property is determined chiefly by business development and demographic trends. Within a short span of time the sector has evolved from a highly fragmented and unorganized market into a semi-organized market with a large number of listed companies. According to various sources, the size of the Indian real estate market was estimated at approximately US$ 16 billion in 2006 and is estimated to reach US$ 180 billion by 2020 registering a CAGR of approximately 19%.
Industry Scenario Today
The real estate sector, however, is largely unstructured, and has a long way to go to adopt the right recruitment policies and procedures needed in a growing and professional organization. The sector is in strong need of candidates having experience in land acquisition (which is mostly localized), construction management, project management etc. Getting the right talent for the company is becoming challenging.
What makes PMS Consulting Stand Apart?
We have a strong network of consultants having thorough knowledge of the market as well as the potential candidates. We develop strong ties with both of them which help us understand the requirements from both the sides, thus mapping the right candidates with the right companies.