Urbanisation and technological advancements have led to changes in the working structure of an organisation. All the industries are coping with to the changes by employing more and more skilled employees. Realty sector also is not far behind as residential flats in Chennai being promoted by famous builders are on the rise and the future looks promising.
With technology being the prime determinant of the changing scenario in our country, the realty sector also has to cope with the same. Today’s generation is totally dependent on the internet and they communicate mostly through the same and so only a technologically forward realtor can stand their ground in today’s market. As cities get increasingly crowded, environment will be under new pressures and instability would be on the rise. These new challenges are calling for strong leadership from the sector.
In the world fast developing with globalisation, integrated business systems are important. As workforce is being drawn from diverse geographical regions and ethnic origins, the industry will have to cater to different needs and lifestyle choices. An increasing number of people will work from remote locations and during non-standard hours. Integrating life and work will follow a very different pattern. People from different backgrounds, age and countries working under one roof will need work environment with international standards.
According to experts, the property prices are not reducing anytime soon and this might be because of high demand for limited properties. They also feel that taxation policies have undergone rationalisation demand for better quality and standards are spiralling.
Though the realty sector has regained it momentum, there are many factors which caused the dull market and this was not foreseen by the realtors. Real estate is no longer a platform used only for foreign investments but there is a need for many niche specialisations to make the property more saleable. The urgency for merging of several specialisations and the need for construction engineers to gain insight into fire fighting, H-VAC, glazing, landscaping, and financing patterns.
In realty sector, talented minds are very important and the builders must be sure that they are employing skilled and talented people for constructing and selling. There will be a lot of expectations from the buyer’s end in the future and so the builders have to be ready to fulfil all the wants of the buyers.
