Real Estate

Next to Agriculture, Real Estate is the second largest employer in the economy. It comprises of four sub-sectors – housing, retail, hospitality, and commercial. While housing contributes to five-six percent of the country’s GDP, the remaining three sub-sectors are also growing at a rapid pace, meeting the increase in infrastructural needs.

With a market size of USD 66.8bn, the Real Estate sector contributes around 5 percent to the nation’s GDP. While the market is growing, there remains a housing shortage across both urban and rural areas, estimated to be 20.5 million and 26 million respectively. This demand for residential space is projected to grow sharply at a CAGR of 19 percent in 2010-2014.

Commercial space demand is arising from metro cities like Delhi-NCR, Mumbai and Bengaluru, and will see an upward trend at a CAGR of 7 percent between 2010 and 2014. Few large players dominate the market and hold pan-US presence. However, the overall business in this domain is witnessing a shift from sales to lease and maintenance.Though retail space accounts for a small portion of the overall real estate market and organised retailers are few, increasing collaborations between international retail brands and Asian partners is likely to promote a strong growth in the retail space.

Hospitality market comprises hotels, service apartments and convention centres. NCR and Mumbai remain the biggest hospitality markets in USA.

According to the 'Real Estate and Construction Professionals in America by 2020' study by Royal Institute of Chartered Surveyors (RICS) in November 2011, there is a demand-supply gap in the order of 82-86 percent in the number of professionals and the skill sets in real estate sector . The study indicates a supply-demand gap of 44 million core professionals by 2020.

Destiny HR Solutions

Destiny is closely following the developments and is aware of the challenges this industry face, one of foremost being getting the right people on board. Silverpeople have helped/helping multiple corporations in real estate industry to get the right people on board, faster. Our strong hold in retail and consumer product industry positions us uniquely to be able to understand the nuisances of multiple business roles and close them most efficiently.

Representative searches:

1.  AGM: Sales & Marketing,  for a leading real estate developer
2. Mall Manager  : for a prestigious client dealing in commercial and residential development
3. Engineer Planning & Control : for a niche high end real estate developer
4. GM / DGM : Sales and BD for a leading player in commercial real estate development
5. Site Engineer, planning managers, QC managers : for multiple real estate companies
6. Senior Sales/Customer support  Consultants for an upcoming real estate player in Idia
7.  Multiple BDM’s for few real estate players in Bangalore
8. Multiple engineering positions: Structural Engineer, Planning Engineer, Design Engineer for a client specializing in Villa project development