Case Study:
Real Estate Sector

Client Name: Confidential
Services Rendered: Skills Gap Analysis, Skills Research, Formulation of Strategy, Planning, and execution of training program.

Week
Turn Around Time
Trainees interviewed
Trainees Delivered
%
Productivity Enhancement
Case Study Real-Estate

Case Study:
Real Estate Sector

Client Name: Confidential
Services Rendered: Skills Gap Analysis, Skills Research, Formulation of Strategy, Planning, and execution of training program.

Week
Turn Around Time
Trainees interviewed
Trainees Delivered
%
Productivity Enhancement

The real estate sector is one of the most globally recognized sectors. In India, real estate is the second largest employer after agriculture and is slated to grow at 30 percent over the next decade. The real estate sector comprises four sub-sectors – housing, retail, hospitality, and commercial. The growth 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. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.

It is also expected that this sector will incur more non-resident Indian (NRI) investments in both the short term and the long term. Bengaluru is expected to be the most favored property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun.

India’s rank in the Global House Price Index has jumped 13* spots to reach the ninth position among 55 international markets, on the back of increasing prices in the mainstream residential sector.

Market Size
The Indian real estate market is expected to touch US$ 180 billion by 2020. The housing sector is expected to contribute around 11 percent to India’s GDP by 2020. Retail, hospitality and commercial real estate are also growing significantly, providing the much-needed infrastructure for India’s growing needs.

New housing launches across top seven cities in India increased 27 percent year-on-year in January-March 2018.

India is expected to witness an upward rise in the number of real estate deals in 2018, on the back of policy changes that have made the market more transparent.

Sectors such as IT and ITeS, retail, consulting and e-commerce have registered high demand for office space in recent times. Office space demand in the country increased 23 percent year-on-year in January-March 2018 with office space absorption at 11.4 million square feet during the quarter. Private equity inflows in office and IT/ITES real estate have grown 150 percent between 2014 and 2017 backed by a strong attraction towards the office sector.

Client: A Real Estate Company in New Delhi
State:
New Delhi

The Issue: We were approached by a big real estate giant based out of New Delhi. These people are a real big fish in the ocean of real estate. We all know that a big company often have big issues. The issue at hand with this company was an extreme shortage of skilled workers. Labour issue is with everyone but here the problem was of not having sufficient technical hands. People like welders, masons, and other junior skilled staff was really killing the business of the client. Here we needed to understand the very details of the issue. It was a complex issue as the client has international operations also involved and everywhere they were known for adhering to deadlines. Their very USP was under fire now.

We knew that this situation was exceptionally crucial and we had to provide skilled manpower to the client without any further delay.

Results:
Total Time: 4 Weeks
Week 1: Campaigning for the company.
Week 2: 5000 prospective candidates collected
Week 3: Filtered and enrolled 1245 Neem Trainees
Week 4: Training started

The client is more than glad that we intervened. His new workforce is producing wonders for him. He is back into the competition and is now ready to take over the market. Add to it the fact that the reputation of the client was saved. Now he has a team in place which can take any operational task anywhere in the world.