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Real estate throws up new careers

January 30, 2007 14:46 IST

A career in real estate was till now limited to brokers, masons and labourers. Not anymore as the industry opens up limitless scope for investment bankers, marketing managers, visual merchandisers and supply chain distributors.

Many are even coming armed with foreign degrees India's total retail market is estimated at Rs 9,300 billion, of which organised retail is at Rs 300 billion and expected to grow at a compounded rate of 30 per cent over the next five years.

Currently employing nearly 15 per cent educated Indians, the industry has the potential to employ over two billion people in the next five years, says Sanyam Dudeja, VP Marketing, TDI.

The real estate industry segment today requires real estate specialists who have knowledge in business, finance

and investment and communication skills.

There are aspirants who want to make a career in this emerging opportunity, and they need a formal orientation into this conventional segment which is now metamorphosing into a new industry altogether, says Dr Hari Gautam of School of Business & Communication Studies.

Riding the real-estate boom, the real estate developers are hiring big time to scale-up their national operations. The reason for demand has been due to major expansions by developers across the country due to which there is a sudden spurt in the number of commercial and residential projects, says Dudeja.

The real estate market in the country is now opening up and a lot of FDI is coming into the business. With this, every group now needs people at all levels, he says.

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