Next to Agriculture, Real Estate is the second largest employer in the economy. It comprises of four sub-sectors – housing, retail, hospitality, and commercial. While housing contributes to five-six percent of the country's GDP, the remaining three sub-sectors are also growing at a rapid pace, meeting the increase in infrastructural needs.
Responsible for 7-8 percent of global cement production, India is the second largest cement market in the world, and also an exporter to 30 countries. According to the Cement Manufacturers' Association (CMA), there are 39 large cement plants and 365 mini and white cement plants in the country.
Demand for professionals
CMA predicts that cement production of one million tonnes will generate downstream employment for 50,000 people. According to the 'Real Estate and Construction Professionals in India by 2020' study by Royal Institute of Chartered Surveyors (RICS) in November 2011, there is a demand-supply gap in the order of 82-86 percent in the number of professionals and the skill sets for the core, namely civil engineering, architecture and planning. The study indicates a supply-demand gap of 44 million core professionals by 2020.