2024-09-24 06:30:17 :
India’s top three developers – DLF Ltd, Prestige Group and Lodha Group – have nearly doubled their headcount as they achieve unprecedented sales, lay out extensive launch plans, set project delivery targets and enter new markets.
Gurgaon-based DLF, the country’s largest developer, has doubled its headcount since 2021. The total number of employees at that time was approximately 1,600.
“The hiring is to deliver on our growth plans. We hire talent across a variety of areas and roles,” a DLF spokesperson said. “We have a launch pipeline, so we have strengthened our core and key functions to ensure our projects are delivered seamlessly across the country.”
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DLF has hired for leadership positions and positions related to program execution, design, procurement, engineering, safety, compliance, product management and sales.
Driven by a steady growth trajectory, Prestige Group’s team strength in Bengaluru has increased from 8,500 in March 2021 to 11,000 currently.
Milan Khurana, executive director, human resources, information technology and management, Prestige Group, said: “We have stepped up our recruitment activities in response to the changing needs of the market and in line with our growth objectives.” Major cities, including Mumbai, Delhi, Goa, Hyderabad and Bangalore. “
Khurana said the company is targeting qualified professionals in key functions such as engineering, sales, customer relationship management and finance and has recruited for mid-level to senior leadership positions.
Similarly, Lodha Group has expanded its employee strength from 2,700 in March 2021 to 4,800 today. The Mumbai-based developer has also expanded into Bengaluru and Pune in recent years.
“Enterprises such as our industrial estates have further fueled the increase in hiring,” said Janhavi Sukhtankar, president, human resources, Lodha Group. “Our focus over the next three years will be on achieving growth targets in the metropolitan areas of Mumbai, Pune and Bengaluru.”
Four listed developers: DLF, Prestige, Macrotech Developers Ltd (Lodha Group) and Godrej Properties Ltd $Residential sales bookings are set to touch Rs 73,000 crore in 2023-24, a milestone for the country’s real estate industry. In FY25, four companies jointly aim to $Sales of Rs 88,000 crore.
Strong home sales aren’t limited to top developers. Other real estate development companies in the metropolitan area and beyond have also been hiring.
Ahmedabad-based Arvind Smartspaces Ltd has expanded its headcount and deepened its presence in Bengaluru, Pune and its domestic markets. The company recently entered Surat and is planning to expand into the Mumbai metropolitan region. Currently, the company has 460 employees, with 140 full-time employees in 2021.
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As project launches have accelerated in recent years, execution and delivery have also become key areas of focus for developers.
Tanmoy Roy, chief people officer, Mahindra Lifespace Developers Ltd said, “We attach great importance to talent development in areas such as design, quality control and project execution to meet the growing demand. We have seen a significant increase in our headcount from 2021 to date , the number of employees increased by more than 100%.”
Mumbai-based Rustomjee Group has hired new positions in areas including investor relations, fundraising and analytics following its public listing in November 2022. The company currently employs approximately 918 people.
K Raheja Corp., another Mumbai-based developer, saw its headcount increase from 1,361 in August 2021 to 1,910 in August 2024.
Urvi Aradhya, chief human resources officer at K Raheja Corp, said: “…We have increased recruitment for mid- and junior management positions with a focus on expertise in project management and digital transformation. This is in line with the industry trend, which requires talent with specialized skills.” Effectively manage large projects. “
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