HOUSING AND

EMPLOYMENT

HOUSING
The housing industry of India is one of the
fastest growing sectors. A large population
base, rising income level and rapid
urbanisation leads to growth in this sector. In
the Federal Structure of the Indian Policy,
the matters pertaining to the housing and
urban development have assigned by the
Constitution of India to the State
Government. However, the Union
Government is responsible for formulation
and implementation of social housing
schemes.

REAL ESTATE TO CREATE

MAXIMUM JOBS

It is one of the fastest growing sector

contributing about 11% of Indias GDP.
According to National Skill Development
Corporation (NSDC), real estate and
construction sector is set to become the
prime employment generator in India.
The central government has identified 305
cities and towns under housing for all
mission, also called Pradhan Mantri Awas
Yojna.

This mission is expected to need 38 million workforce

by 2030 from 29 million at present and is predicted to
be the key job creator.
The construction sector is one of the largest seasonal
employment providers in India next only to
agriculture, creating more than 45 million jobs either
directly or indirectly.
India will become the worlds third largest construction
market by 2025, adding 11.5 million homes a year to
become a $ 1 trillion a year market, finds a new study
by Global Construction Perspective (GCP)AND Oxford
Economics.