'India needs around 76 mn skilled workforce in real estate sector by 2022'

India will need around 76.5 million strong workforce in it's booming building, construction and real estate sector. Out of the 24 sectors studied by National Skill Development Corporation (NSDC), this sector will have the maximum incremental human resource requirement from 2013-2022.

According to the findings of the report by NSDC, the demand of skilled employment in the sector arises due to demand for affordable housing which is expected to increase to 38 million from 29 million (present) by 2030, rapid growth in IT and financial services into Tier-II and Tier-III cities, investments in key infrastructure segments' including power, road, railways, ports and civil aviation is expected to reach $1 trillion during the 12th Plan period, demand for warehousing space (ambient and cold chain) in the country in major Tier-I and Tier-II cities is expected to surge as industrial parks are being setup and food trends are shifting towards more processed food.

"There is a huge need that the industry has to cater to. We need manpower, proficient with excellent skills on technical abilities. The industry and the government need to pay a special focus on this segment of workforce," said Dilip Chenoy, MD & CEO, NSDC.

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