Real Estate jobs to increase more by 80% by 2025?
A recent research report of two leading realty firms, has revealed that the Real Estate Jobs would increase by 80%  by 2025 since the potential employment opportunities in the sector are expected at 17.2 million jobs by 2025 up from 9.2 million in 2016.  What is the reason towards this prediction? The answer is economic contribution of the Realty Sector towards the GDP would increase significantly during the period from 6% in 2016 to 13% in 2025.   Long term prospects appear highly positive for the sector, with a potential increase in completed space from 3.6 billion sq ft in 2013 to about 8.2 billion sq ft in 2025.  The increase in jobs is also directly proportional to the increase in demand for new housing and the expanding urbanisation of tier II and tier III cities in the India.  Does this mean that the increased urbanisation and economic contribution due to implementation of Regulatory laws, prime drivers for real estate growth? Would this predicted and projected expansion subject to effective utilisation of potential opportunities for growth?  Wouldn’t effective implementation of the introduced regulations, by the Government also be a factor for projected growth?

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