Real Estate Sector in India Seems to be Booming!

A:link { Real estate has been one of the most rewarding career options these days. Having about 44 million core professionals, it’s certainly the best time for one to hit the sector with all the vigour. After years of gradual growth, the sector has understood its comfortable ground and is now placed in the right threshold to take a great leap in the years to come. Having differences in the pace of strengthening in different areas and segments, the property market indicators are in misconception that the industry has bottomed out.

Primarily, real estate is a service based business where serving the clients well contributes to your success. There is wide variety of choices available to pursue a career in real estate across the property life cycle, but one has to evaluate them based on the interests, educational background and career strengths. Property lifecycle starts with land surveying, where the professionals can have a wide array of experience in environment, geometrics and rural land surveying. There are number of country and town planning institutes that help you bring in the trained planners.

The Level of Opportunities

• Though there are numerous avenues available within the entire range of real estate and other associated fields, the awareness level of the opportunities available is really lesser in India when compared to economically developed countries. But still the built environment engages structural engineers, designers, architects, quality control managers and quantity surveyors.

• With the growing emphasis on energy efficient buildings and the complexity of real estate projects, the area of facility management has also developed a tremendous importance, with the facility management services alone valued at INR 585 billion (2011) and slated to grow at a Compound Annual Growth Rate (CAGR).

• Yet another opportunity that has untapped potential is the real estate valuation. The real estate finance industry needs well trained professionals who can carry out land and property valuations for multiple purposes like financial reporting, lending and so on.

• The real estate sector also plays a very important role in Indian economy and is said to be contributing about 17.5% to nation’s GDP. It’s also expected to grow at the rate of about 30% by next decade. With the current growth rate, over 600 million people will inhabit in Indian cities and we need around Rs.39.2 lakh Cr in order to meet the demand for infrastructure in the cities.

All these developments are expected to make Indian construction market as one of the largest markets across the world by 2020 and the real estate market size is expected to touch $180 billion.