1. IT Sector Drives Fresh Talent Recruitment, Fueling Real Estate Growth
2. IT Professionals Lead as Top Home Buyers in Recent Years
3. Real Estate Slows as IT Sector Faces Setback but Set to Rebound
4. Festive Offers and IT Hiring Revival to Propel Real Estate to New Heights

IT Sector Drives Fresh Talent Recruitment, Fueling Real Estate Growth

The Indian IT sector is set to double its fresher recruitment in FY25, marking a significant recovery from a subdued FY24. Industry experts expect over 150,000 freshers to join the workforce, driven by large deal wins and increasing demand in key sectors like banking, financial services, and insurance (BFSI). This surge in hiring is not only a sign of the IT sector’s recovery but also a promising boost for the real estate market. As freshers secure employment, the demand for housing is likely to rise, further stimulating growth in the real estate sector.

IT Professionals Lead as Top Home Buyers in Recent Years

In recent years, IT professionals have emerged as the largest segment of homebuyers in India, particularly in urban hubs such as Bengaluru, Pune, and Hyderabad. Their substantial income and stable employment have contributed significantly to the real estate market, especially in the premium housing segment. With freshers entering the workforce in large numbers, this trend is expected to continue, further strengthening the relationship between the IT industry and the real estate sector.

Real Estate Slows as IT Sector Faces Setback but Set to Rebound

The past year saw a slowdown in both the IT sector and real estate, with technology firms cutting back on hiring and delaying projects. This impacted housing demand as well, with fewer professionals making home purchases. However, with the IT sector’s recovery and the resurgence of fresher recruitment in FY25, real estate is poised for a rebound. The renewed hiring drive is expected to restore market momentum and drive property sales, particularly in IT-centric cities.

Festive Offers and IT Hiring Revival to Propel Real Estate to New Heights

As the festive season approaches, real estate developers are launching attractive offers to capitalize on growing demand. The optimism surrounding the IT sector’s hiring revival has already started to influence buyer sentiment positively. With IT professionals gearing up for salary hikes and job security, the real estate market is expected to experience a significant uptick in sales. This year may witness the sector reaching new heights, with rising demand driven by the increased confidence of IT employees in purchasing homes.

This surge in fresher hiring not only promises to benefit IT professionals but also holds the potential to reshape the real estate landscape, making 2024 a year of renewed growth and opportunity for both industries.