Why Are Only 1.2% of Women in Real Estate in India?
New Delhi: Despite being one of India’s largest employment generators, the real estate sector continues to struggle with inclusivity. A recent report by Max Estates and In Tandem Global Consulting, titled “Concrete Change: Exploring the Economic Impact of Pay Parity and Inclusion of Women in Real Estate,” highlights the stark underrepresentation of women in this industry.
Women in Real Estate: The Numbers Paint a Grim Picture
The report reveals that out of 7.1 crore workers in the Indian real estate sector, only 70 lakh are women. This translates to a Female Labour Force Participation Rate (LFPR) of just 25.1%. Even more concerning, women constitute only 1.2% of the country’s workforce in this field, despite making up 48.5% of India’s population.
“Women in real estate are vastly underrepresented, and this disparity is holding the sector back from achieving its full potential. Addressing this gap can unlock significant economic advantages, including higher productivity and innovation,” the report stated.
Why Inclusivity is Critical for Growth
Industry experts are emphasizing the importance of creating a more inclusive environment. Sahil Vachani, Vice Chairman and Managing Director of Max Estates, stressed the role of leadership in driving change.
“We must shift our perspective and challenge the status quo. Leadership must take bold steps to bring more women into real estate. It’s not just a societal responsibility but also a smart business strategy,” he said.
The report also underscores how women in real estate can be catalysts for transformation if provided with equitable opportunities. Shormishtha Ghosh, Founder and MD of In Tandem Global Consulting, remarked, “Inclusion and parity can position women as changemakers, paving the way for a brighter and more innovative future in this sector.”
Pathways to Promote Women in Real Estate
To foster inclusivity and address gender disparity, the report recommends:
- Upskilling Programs: Specialized training for women in both technical and managerial roles to help them thrive in real estate.
- Leadership Opportunities: Ensuring women have access to decision-making roles to drive meaningful change.
- Leveraging Technology: Integrating tech solutions to create a more balanced and inclusive workplace.
By implementing these strategies, the sector can build a workforce that better represents society and drives sustainable growth.
A Sector Poised for Change
Women in real estate have the potential to revolutionize the industry. However, deep-rooted challenges such as unequal pay and limited representation need to be addressed. With the sector poised for unprecedented growth, now is the time to focus on building a more diverse workforce.
The report’s findings make it clear: fostering inclusivity is not just about fairness—it’s about unlocking the full potential of the real estate industry. When women in real estate are empowered, the benefits ripple across the economy, society, and businesses alike.
It’s time for the industry to break barriers and build a future where everyone has an equal chance to contribute and succeed.
Read more: Delhi RERA New Guidelines: What Are the Key Changes?
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