There is a projected area requirement of almost 95 billion sq. feet between 2010 and 2020 across the various real estate segments. This means that manpower requirement has become one of the most critical elements that will drive this growth. This is good news for everyone who is pursuing a real estate career.
With corporate outsourcing on the rise, career opportunities in Facilities Management (FM) have taken a quantum leap forward. The FM industry in India is a massive employment generation juggernaut, riding on the impetus being provided by the rapid entry and expansion of multinational IT/ITES giants and the BFSI sector, among many other industries.
Compared to more developed countries, the Indian real estate sector still lacks sophistication and transparency. However, it continues to be in the limelight of domestic and international investments. This has naturally brought on the need for better, more capable human resources.
My advice to all who aspire for a career in an international real estate consultancy is to educate themselves to the maximum extent possible on all aspects of the property sector and the business world – and further, not to rely on knowledge alone but to avail of expert mentoring before actually venturing into the field. Finely-honed people skills and negotiation abilities are absolutely mandatory to succeed in this field, and these are best picked up by observing seasoned veterans.