Talent Search In Real Estate

MUMBAI: The addition of new real estate investment products and property funds that developers are lining up are expected to exacerbate the talent crunch in real estate.

“The sector is currently hiring for front-office, back-office and operational roles. The levels are comparable to the first wave of aggressive hiring witnessed in the late nineties. We have seen over 1,500 cumulative openings being tendered in the first quarter of 2008,” said Monisha Advani, managing director, Randstad Holdings India (former Emmay HR), a hiring consultancy.

Though regulatory clarifications are still awaited, fund houses are already on the hunt for key personnel, who have the caliber to look after investments in real estate.
Milind Barve, managing director of HDFC Mutual Fund, says his firm has already hired 5 to 6 people in the past 6 months for realty funds.

“Two of these would come from within the group i.e. Housing Development and Finance Corporation, while another one has a finance background,” Barve said.
A fourth has been inducted to look after the tax issues on the deal structuring side, while the fifth one will take care of legal issues linked to due diligence of a property before investing in it. Rival Birla Sun Life is on the lookout too.

“Not aggressively, but we are seeking people who have worked with property consultants and investment banking firms,” said an official who did not wish to be named.

One Comment

  1. Posted May 19, 2008 at 1:41 am | Permalink

    When seeking home owners insurance, nothing is more important than your home, and all that it holds. While in the process of weeding out the best policy you must be prepared for what is to come as well as the final goal.First things first identify the cost rebuilding your home. Your home owners insurance should cover the replacement cost should you have to rebuild. You can start by determining the median for local building expenses as they apply to the size your home, the quality of construction, as well as the style. The most assured a way to identify this cost would be a crude hack a local contractor or home builder. Often for a flat fee they can identify the cost for you. While discussing your home with this contractor make clear any antique appliances moldings, or other unique building materials in your home. Another valuable step would be to contact a real estate agent or independent insurance agent to examine your home. They will be able to identify any special features you were not aware of. This will facilitate complete coverage for your home. She decided to deal with a direct marketer instead of a local agent who are better equipped to accurately report your homes details. Things such as building cabinets, antique wood, stained glass , marble inlays, as well as any unique appliances that you may have add to the cost of your home and your insurance.Another advantage to doing direct contact is identifying discounts. Once you have complete coverage for the cost of your home ask for them. Most homeowners leave the discounts on the table. If you seek you shall receive, so speak up one sure comfortable with your policy.
    Good Luck!For more view- realtydigest.blogspot.com

Post a Comment

Your email is never shared. Required fields are marked *