Industry Snapshot

The long-term view for the Indian real estate industry is quite positive since its fundamental demand drivers - increasing urbanisation, favourable demographics, growth of the services sector and rising incomes are intact. India’s favourable 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 unorganised market into a semi-organised 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%.

Talent Challenges

The sector is a very large employer. Although the construction industry employs 33 million people, second only to the agricultural sector, the incremental workforce requirement is around four million people per year over the next seven years to sustain the current growth rate. The construction industry is set to face a challenge in terms of sourcing manpower. Adding to this problem is the shortage of contractors.

ABC's Perspective

We understand the sector thoroughly and are well acquainted with the issues associated with hiring the right talent. Having handled the sector for decades now, we have a competitive edge in terms of understanding the industry to the core, and having qualified team members with a solid background in the industry. Since most of our team members have been in the industry across one segment or the other, we understand the expectations of the candidates as well as the companies and act as consultants to both of them to help them take right decisions. Besides this, our strong network helps us map the right candidates for different profiles.

Industry Snapshot

The long-term view for the Indian real estate industry is quite positive since its fundamental demand drivers - increasing urbanisation, favourable demographics, growth of the services sector and rising incomes are intact. India’s favourable 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 unorganised market into a semi-organised 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%.

Talent Challenges

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 is challenging.

ABC's Perspective

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 helps us understand the requirements from both the sides, thus mapping the right candidates with the right companies.