Real Estate Industry
The real estate industry in India takes the 2nd in the world in terms of creating employment for the people of India and contributing to the Gross Domestic Product of the country. Currently, real estate accounts for about 5% of India’s GDP and is expected to reach US$ 1 trillion by 2030 and by 2025, it will contribute 13 per cent of the country’s GDP. The real estate industry in India is growing at a fast pace which has grown steady with an upward trend. The industry has shown a growth rate of about 30% each year. The surge in Indian outsourcing business which includes technical consultancy, medical transcription and call centres which has constituted about 10 million square feet of growth in real estate.
The two main challenges facing the Real Estate industry are liquidity crisis and tax rationalization, which if addressed quickly will enable GDP growth and job creation. The last few years have seen the Real estate consumer side reeling downwards due to demonetization and negative cash flow in the market and steps need to be taken to revive this industry.
Multi Recruit has a vivid and successful history of recruiting for the Indian real estate sector. We strictly follow recent and significant developments in the industry and are aware of the challenges that sourcing can become in the industry.
Our motivation lies in helping you locate the right talent and retain it for as long as is beneficial for all the parties involved.
Recruiting challenges in the Real-Estate industry
Challenges in Hiring
69% of recruiters faced challenges in hiring mid-level and senior managers which has worsened in the last 5 years.
Talent Retention & Development
Real-estate industry is based on client servicing, managerial abilities, and securing productivity as a team. Therefore, the challenges are talent acquisition and management; talent retention and development.
Change in Government regulations like the labour laws and trade rules and regulation has made recruitment even more challenging.
Candidates Change Jobs Frequently
35% Candidates change jobs at least once in this industry looking for better opportunities.
With a strong team of recruiting professionals Multi Recruit has the experience and knowledge of hiring in the real estate industry. Having catered to some big names in the industry the team is able to attract and hire mid and senior level positions successfully.
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