Indian built environment is going through a fundamental shift where the sector is finding new ways of doing business based on credibility and transparency.
This big change is driven by the government in the form of Real Estate Regulation Act, Goods and Service Tax (GST), Benami Transactions Act amongst many other initiatives.
The above reforms coupled with the sudden demonetization did bring in an overall slowdown in the economy. The real estate and construction sectors specifically, that largely operate on cash were hit in the short term, as a result of which, organisations in this sector have also been impacted.
The sector is moving towards more and more professionalism day by day and qualified youngsters will find a better pitch to begin their innings. In the long term, India will compete with developed economies in terms of professionalism and transparency in this sector, while currently the sector is going through turbulence and dynamic disruption. Organizations that are able to adapt and embrace changes will perform better while others will struggle and perish.
In this major revolution where professionalism and expansion are changing the face of the industry -the demand of qualified professionals is growing day by day.
Our programs shape you into a specialized professional ready to meet this demand.
KEY GROWTH INDICATORS
- _40% of global GDP comes from buildings and infrastructure
- _Built environment will be the 3rd largest market in the world by 2025
- _100 smart cities with $50 billion investment over 5 years
- _$6 billion allocated to infrastructure in the 2017-18 budget
- _4 million built environment professionals required every year in India
- _80% shortage of skilled professionals