Friday, November 24, 2006

Boom in real estate..and Infrastructure jobs in India!!

The recent months have seen a spurt of action in the infrastructure industry- be it the airports, highways or the sanction of over a 150 SEZ ( special economic zones ) across India. The country is witnessing a boom in all the segments- commercial, residential, retail (malls and multiplexes) and hotels.

There have been a spate of IPOs which have either hit the market or have been planning to raise money thru the public private routes..the prominent of them being DLF, Puravankara , Sobha, Brigade, Omaxe, Ansal Properties, Mahindra Gesco, Peninsula Land! Most builders have been sitting on order book on thousands of crores..and the real estate prices have gone up thru the roof in the last 6 months alone- driving the speculation even more.

And all this means, sooner or later, these projects need to be delivered.

As a search firm, we are ourselves working on 4 mandates for CFOs for different clients- (thankfully across locations!) who would help in the financial structuring of these deals. There is a huge demand for Project Managers and Architects who have handled large scale projects – and so civil engineers with planning , design and execution experience are in shortage.

Increasingly MNC firms are eyeing JVs with Indian firms ( a la Lang O'Rourke with DLF, Emaar with MGF, Capital & Runwal group, Keppel Land & Puravankara), and professionals with exposure to working in PMCs ( project management consultancies ) and an international flavour of experience are in HOT demand!!

Professional Indians in the Middle East, Gulf, Asia Pac,…I hope you are realizing you are WANTED NOW –more than ever :-)!!!

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