siliconindia | | FEBRUARY, 20258India's real estate sector has been rightly one of the country's booming pillars, within which it proudly holds the title of second-largest employment source after the agricultural sector. Comprising housing, retail, hospitality, and commercial spaces as a reflection of this nation's growth, with the growing demand in office environments and rising in urban living, the sector prospers, integrated into this emerging corporate landscape. It is this depth that makes it rank among the major industries, which then has resonance in determining the overall economic outcome. Not to forget the up-and-coming aspirations of the non-resident Indians (NRIs), who now look at investing in cities like Bengaluru, Ahmedabad, and Pune-underlining, as the above statement put it so eloquently, the transformative potential of this sector-not just of skylines, but lives and livelihoods across the country.Ashwani Awasthi, Managing Director, RICS SBE, says, "The real estate industry in India, ranked second largest in the world, is contributing about 6 percent of India's GDP expected to touch 7 percent share in the next five years. The construction industry ranks third among the top 14 sectors directly or indirectly affecting other sectors in the economy. The industry is a huge employment generator in sub-sectors like housing, retail, hospitality, and commercial. The development of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations".What Are the New Careers in Real Estate?The Indian real estate sector is an area in itself of compelling change and growth, no doubt spurred by waves of rapid urbanization and innovative infrastructural progression. As a result of such changes in consumer preferences, a wide range of career opportunities arise that attract attention towards the demand for skilled professionals who can easily move through this dynamic landscape. Visionary development and planning experts, including city planners, architects, and civil engineers, have assumed center stage in this evolution, redrawing the contours of city skylines with feats of sustainability and smart city initiatives. Behind these complex financial arrangements of real estate, a budding investor analyst and risk assessor finds himself moving into lucrative, impactful careers with real estate finance. In such a vibrant environment, marketing and selling strategies become the blood circulation to success, which subsequently fuels the growing demand for technology-innovative digital marketing experts and sales practitioners who can utilize technology for access to potential buyers.As more commercial and residential properties proliferate, so does the need for property management, which in turn has diverse opportunities for committed property managers and facility engineers focused on optimizing asset performance. Legal experts too, fit into this dynamic story, with more and more real estate attorneys and compliance officers being hired to unravel the complex mesh of rules and regulations. Moreover, technology is transformational in this field, as well, giving an impetus to PropTech careers focused on innovation, software development, and digital transformation. As the sector prospers, consultancy services are indispensable, paving the way for valuation experts and advisory analysts to offer their in valuable insights. Only such an environment will nurture talent, which comes through educational programs, industry collaborations, and skill development programs; this can ensure sustainable growth that leads the real estate industry of India into the future.The Bright Side of Working in Real EstateUncertainty strikes the mind if one is considering a real estate career. However, the real estate sector still offers various benefits and opportunities that could lead to a very rewarding and financially successful career. Here are the key advantages of a real estate career and how professionals can take advantage of such prospects to succeed.Growing Demand and Job Security: Perhaps the maximum exciting reason to be in the real estate business is the steady demand for people in real estate. Whether the area is thriving or busting, people will always need to buy, sell, rent, and manage properties. That steady demand translates into job stability and countless opportunities for growth and advancement.Good Paying Industry: An estate career can be very beneficial. Unlike most jobs with predetermined salaries, the real estate agent generally earns a commission based on the sale, so income changes with the amount of sales and directly with the quality of effort applied. Thus, agents may make very good money if they are persistent and dedicated. This makes the career in real estate a great career for persons who are motivated by making financial gains.Flexibility and Autonomy: As for flexibility, indepen-dence, or autonomy, levels are easily found in this career if one were not to find it elsewhere. As a real estate agent, in many cases, one can set up his or her schedule, finding it easier to balance personal commitments with work. For peo-IS INDIA'S REAL ESTATE BOOM THE NEXT BIG CAREER OPPORTUNITY?EDITORIAL EXCLUSIVE
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