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Listed Indian real estate players are on a hiring spree, fuelled by record sales in the residential market. Reports indicate 20-50% more hires at these firms in H2, FY22 as compared to H1, FY22.
Most personnel were recruited at junior levels, especially in marketing and sales departments. Most realty firms have also outlined plans to hire more professionals in FY23.
Key developments in the space
Here are the people trends at leading cos;
1️⃣ Godrej Properties - 372 new hires and a growth of 56%, 80% in junior-level roles, 10-12% increments in pay on average.
2️⃣ Brigade Enterprises - 176 new hires and a growth of 53%, 20% in senior/mid-management functions, a 15% workforce growth targeted in 2022.
3️⃣ Shriram Properties - 180 new hires and a growth of 20%, 125 more new hires in the pipeline for 2022, 10-20% increments in pay on average.
4️⃣ Puravankara - 30% hiring growth in six months.
💡 Most hiring happened in the engineering/projects, sales, marketing, and customer support departments.
What’s ahead?
With new launches, rising demand, and increasing digitalisation of real estate operations, the hiring spree should continue, say industry watchers.