Flood of jobs in real estate, 8500 people get employment every day. More than three crore new jobs created in real

More than three crore jobs have increased in the real estate sector in the last 10 years.

This real estate sector has been booming for some time now. The sales of houses have increased significantly. The special thing is that even after the repo rate was at its peak, there has been no decline in the real estate sector. But this time there will be no talk on sales. Today the talk will be about jobs. According to a report, 8500 people have got jobs every day in the real estate sector in the last 10 years. Let us also tell you who has released this report and how many people have got jobs in the real estate sector in the last 10 years.

How much jobs have increased in 10 years

Total employment in the Indian real estate sector increased to 7.1 crore in the last calendar year, whereas in 2013 this figure was four crore. Real estate consultant Anarock and industry body NAREDCO said in their joint report that in this way the industry has created more than three crore new jobs in the last 10 years. This means that 8500 new people have got employment in this sector every day.

Impact of Modi government’s reforms

According to the report, supported by several policy reforms of the Narendra Modi government, the housing sector registered a healthy growth, due to which the opportunities for employment also increased rapidly. ANAROCK-NAREDCO’s report Real Estate Unboxed: The Modi Effect released on Monday said that India’s residential real estate market has benefited significantly from several reforms of the Modi-led government. These reforms helped the industry to emerge stronger and reach new heights. The share of real estate sector in the total workforce of the country is more than 18 percent.

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Real estate sector got strength

A total of 29.32 lakh units were built and 28.27 lakh units were sold between 2014 and 2023 in India’s top seven primary housing markets. NAREDCO National President G Hari Babu said the government has boosted the real estate sector in the last 10 years through various schemes like Real Estate Regulation and Development Act (RERA), Goods and Services Tax (GST), and Pradhan Mantri Awas Yojana (PMAY). Gave strength. Anarock Chairman Anuj Puri said there was a significant increase in demand and prices of homes in the top seven markets – Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune.

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Brijesh Pratap
Brijesh Pratap

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