Only 7 Million Women in a Workforce of 71 Million in Indian Real Estate: Max Estates & In Tandem Global Consulting Report

A recent report reveals a significant gender disparity in India's real estate sector, with only 7 million women among the 71 million workers in the industry. This translates to a Female Labour Force Participation Rate (LFPR) of just 25.1%. The study, conducted by Max Estates and In Tandem Global Consulting, highlights the underrepresentation of women and the unequal pay across all levels of the workforce as major challenges within the sector. These findings highlight the need for greater gender inclusivity and equal opportunities in the real estate industry.

While real estate is a major employment generator, women account for only 1.2% of the workforce. This is concerning given that women make up 48.5% of India's population. The report stresses that achieving gender parity in real estate could unlock substantial economic benefits, including enhanced productivity, innovation, and profitability. However, gender inequality remains one of the most pressing challenges in the sector, preventing it from realizing its full potential.

The report calls for targeted upskilling and training programs for both blue-collar and white-collar female workers. It emphasizes the need to integrate technology and improve access to leadership roles as essential factors for promoting gender inclusivity. Addressing these issues could help women become key change-makers in the sector, driving both social and business progress.

Sahil Vachani, Vice Chairman and Managing Director of Max Estates, highlighted the importance of changing mindsets and pushing for action at leadership levels to create a more inclusive workforce. Shormishtha Ghosh, Founder and MD of In Tandem Global Consulting, echoed this sentiment, noting that better gender inclusion and pay parity could have a transformative impact on the sector.

The report suggests that gender disparity in the real estate industry not only affects the workforce but also limits the sector's ability to achieve its growth potential. Therefore, it calls for the real estate industry to adopt more inclusive practices to ensure that women have equal opportunities to succeed and contribute to the industry's success.