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India: Expecting rebound, real estate companies step up hiring

Posted on 20 January 2012

At a time when most sectors of the industry are preparing to downsize, the real estate sector is planning to do just the opposite - it is drawing up plans to hire thousands in the coming months, anticipating a possible rebound.
Nearly 985 million sq ft of residential space is due for delivery between 2011 and 2013 in existing projects, says real estate data and analytics provider, PropEquity. “To execute the amount of space they have sold, developers will have to double their bandwidth,” says Samir Jasuja, chief executive officer at PropEquity. In comparison, only about 522 million sq ft was delivered in 2008-10………………………………………..Full Article: Source


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