1. Job creation in real estate sector to jump over 80 pct, says CREDAI-CBRE report

Job creation in real estate sector to jump over 80 pct, says CREDAI-CBRE report

Jobs in the real estate sector are likely to increase by more than 80% by 2025 as the potential employment opportunities in the sector are expected at 17.2 million jobs by 2025, up from 9.2 million in 2016, according to the CREDAI–CBRE report titled ‘Assessing the Economic Impact of India’s Real Estate’.

By: | New Delhi | Published: October 6, 2017 2:36 AM
jobs in real estate, real estate sector jobs, Assessing the Economic Impact of India’s Real Estate The economic contribution of the real estate sector is projected to increase significantly during the period from 6.3% in 2016 (IBEF figures) to almost 13% in 2025.

Jobs in the real estate sector are likely to increase by more than 80% by 2025 as the potential employment opportunities in the sector are expected at 17.2 million jobs by 2025, up from 9.2 million in 2016, according to the CREDAI–CBRE report titled ‘Assessing the Economic Impact of India’s Real Estate’.

The economic contribution of the real estate sector is projected to increase significantly during the period from 6.3% in 2016 (IBEF figures) to almost 13% in 2025. Long-term prospects appear highly positive for the sector, with a potential increase in completed space from 3.6 billion square feet in 2013 to about 8.2 billion square feet in 2025, it said.

Increasing urbanisation demand for new housing and the expanding urbanisation of tier II and tier III cities in the country are cited as prime drivers for real estate growth.

“Additionally, recent developments would also spur real estate growth: Under RERA, a regulator will bring in credibility for the sector in the long run, likely to open up funding avenues and bring down lending costs.

The implementation of GST would result in consolidation in warehousing, leading to emergence of larger, better quality warehouses and boost inflow of institutional capital.

“Moreover, with REIT listings to become a reality in the coming quarters, developers will be able to gain access to funds by monetising their assets, giving equity investors a better exit mechanism,” the report quoted Abhinav Joshi, head, CBRE Research India, as saying.

However, this projected expansion in the economic footprint of the sector is subject to an effective utilisation of the potential opportunities for growth and implementation of relevant policy measures to resolve bottlenecks bothering the sector, the report added.

  1. B
    Bikash Gupta
    Oct 7, 2017 at 10:41 pm
    Each and every Indian Would certainly appreciate that soon after Demonetisation selling price of Flat houses got slashed down upto 40 . So Demonetisation is now a blessing for the Buyers especially the middle class buyers but a curse for the Builders.
    Reply
    1. B
      Bikash Gupta
      Oct 7, 2017 at 10:33 pm
      Jobs for Crores of People could Immediately be created in Rural India,if Farmers are paid back atleast 70 Share of Consumers' Price, for the Produces ( Crops ) the Farmers Produce. For example, this year,in parts of India Tomato Grower Farmers were forced to sell 🍅 ( Tomato) Rs 100/ per Qtl , Whereas the same Tomato is now sold to the Consumers Rs 2500/ per Qtl. So who is the loser and who is the gainer ?? It is now clear that Unless Unscrupulous Agricultural Marketing Traders ders R eliminated from Agricultural Marketing Channel, 60 Crores Farmers of this Country Would live much much Below Poverty Level. Their Per Capita Income as well as their Purchase Power Would remain extremely low.And if our Farmers' Purchase Power is somehow could be increased then huge demand for Household Products,Bycycles , Bikes, TVs , Mob Phones etc can be created within a few years. Moreover Jobs for Crores of people can easily be created in Rural India itself.
      Reply
      1. B
        Bikash Gupta
        Oct 6, 2017 at 5:28 pm
        Jobs for Crores of people can easily be created if Unscrupulous Agricultural Marketing Traders ders are eliminated from Agricultural Marketing Channel and sound Agricultural Marketing Infrastructure / System in which Farmers can directly sell their Crops to the Consumers by bypassing Unscrupulous Agricultural Traders ders. Because these Traders since the Period of our Independence have mercilessly been looting our poor Farmers. Hence if a strategy can be chalked out by which Farmers are paid back atleast 70 of Consumers' Price then Per Capita Income as well as their Purchase Power Would rise many times. At the same time India'S Economy would Roll Forward.
        Reply
        1. B
          Bikash Gupta
          Oct 6, 2017 at 11:41 am
          Nearabout 68 of our Popln live in Rural India and most of them are Farmers. But since the Period of Independence Unscrupulous Agricultural Traders ders have mercilessly been looting our poor Farmers. For example, a few months back Farmers of Madhya Pradesh, Maharashtra and some Other States , Unscrupulous Agricultural Traders ders just after Harvesting, forced the Tomato Grower Farmers to sell Tomato Produced by the Farmers Rs 50/ per Qtl.,much Below Cost of Production of Tomato Crop. But the same Tomato after ding for few months only sold by these Traders Rs 2000/ per Qtl. For this reason only India'S 70 Farmers still live much Below Poverty Level. If a full proof Agricultural Marketing Infrastructure/System is created in which Farmers R paid back atleast 70 share of Consumers' Price then our Farmers Per Capita Income as well as their Purchase Power Would increase by many times and India's Economy would Roll Forward. Jobs for Crores of People can b created.
          Reply
          1. Ram Deshpande
            Oct 6, 2017 at 11:10 am
            Hon.PM Modijis Namashkar Sir Due to digital India programme for Citizens Job apportunities are more there is no second opinion on this. But Corruption in all govt depts.Carporations and other organisation shall be stopped immideeately. This is in increasing mode.Then and then VIKAS of the India is possible. Jai Hind Ram Deshpande Narayanguda Hyderabad.
            Reply
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