Real estate jobs at risk
The slowdown is affecting the real estate sector and white collared professionals, such as architects, sales personnel, designers, engineers, and other white-collared staff are losing their jobs. About 8-20% of jobs were lost in the real estate sector in India in the last nine months. According to Credai chairman, Lalit Kumar, if in the next three months, the sector’s outlook does not pick up then the job crunch will extend to blue collared workers as well.
Read the Financial Express news report here.