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Bang in 2024: 84% Increase in Real Estate and Construction Jobs in India
According to a survey by Indeed, the Indian construction and real estate industry is going through a scorching job market, with a startling 86% increase in job posts between March 2023 and 2024. A 57% increase in job seeker interest reflects this jump in hiring demand, suggesting a healthy market for semi-skilled and skilled labor.
According to Sashi Kumar, Head of Sales at Indeed India, “the construction industry continues to be a key driver of economic growth, presenting immense opportunities for skilled professionals to provide semi-skilled labor.” “The notable increase in hiring indicates positive opportunities for both employers and job seekers, and the notable surge in job seeker interest also indicates strong industry momentum.”
Large cities are at the forefront of the recruiting frenzy in construction. With regard to job posts, Delhi (5.05%), Bengaluru (4.68%), and Mumbai (4.13%) have the largest shares. Strong business conditions, including rising demand for industrial premises, commercial housing, and warehousing, are to blame for this development.
Still, the surge is not limited to metro areas. The survey underscores the increasing demand for employment prospects in the construction and real estate domains in minor urban centers such as Ernakulum, Kochi, Lucknow, and Calicut. Reduced living expenses or the availability of local job possibilities that enable job seekers to work closer to home may be the driving forces behind this trend.
According to the survey, the most in-demand employment roles are those related to civil and structural engineers, project managers and supervisors, and architects. This is in line with the need for a competent workforce due to the growing complexity and technical nature of current building projects.
The building and real estate industries are experiencing tremendous expansion, which bodes well for the future. In the upcoming years, the sector is expected to be a major contributor to India’s economic growth due to the country’s increasing need for qualified workers and the resulting rise in job creation. Industry insiders, however, caution about the possibility of a skills gap and emphasize the necessity of stepping up funding for training initiatives to guarantee a ready supply of competent people to fulfill the always rising demand.
