Realty sector creating avenues of employment in Hyderabad Infrastructure growth has been playing a vital role in providing employment in both organised and unorganised sectors in India and Hyderabad in particular. In fact after agriculture, real estate sector is the second largest creator of employment. In Hyderabad several large scale housing projects have come up in the last five to ten years and there are many more projects which are in the pipeline. Several supporting infrastructure need to be built for these projects such as water supply, sewerage, stormwater drains, mass transit, and roads. After the housing sector, the sectors which are experiencing demand for space are education, healthcare, and commercial spaces. Trivita Roy, AVP, Research and Real Estate Intelligence Service, Hyderabad, JLL India says, ” In the last five years we have seen infrastructure developments such as Rajiv Gandhi international Airport, Nehru outer ring road phase I, PVNR Expressway and many flyovers connecting key areas getting operational. These have not only improved the existing connectivity but have also opened up new suburban locations for development. The key infrastructure developments slated in the next five years would be the Hyderabad metro rail and the Nehru outer ring road being fully operational.” In a report published by L&T metro rail Hyderabad, it is stated that the network will cover a total distance of around 72 km across three corridors, Corridor I- Miyapur to LB Nagar,Corridor II- JBS to Falaknuma, and Corridor III- Nagole to Shilparamam. The project will be integrated with existing railway stations, suburban railway network (MMTS) and bus stations to ensure seamless and comfortable travel. For this they will be hiring over 2,750 persons. There is a need for creating awareness to attract talent to this industry as it is still among the less preferred careers. Another aspect which requires consideration is that the real estate sector faces acute crisis of talent availability especially in the skilled workforce. “However, real estate firms and professional institutions are now working together to bridge this gap by starting various courses which cater to this industry. Institutions have now started specialised courses on construction management, real estate management, facility management, house-keeping and so on. These are expected to improve the talent crisis in this sector in the next few years,”
Posted on: Mon, 26 May 2014 05:22:15 +0000
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