Record home sales spur 20-50% hiring surge at listed realty firms in H2FY22

Brigade is aiming to increase its workforce by around 15 per cent this year

With record residential sales, hiring by top real estate companies was 20-50 per cent more in the second half of 2021-22 (FY22) than in the first six months of the financial year.

The bulk of the hiring was at junior levels, and most of it was in sales and marketing. Most of them have strong hiring plans in FY23 too. The top 10 listed developers together launched 45 million square feet of real estate in FY22 against 33 million square feet in FY21.

This is expected to jump to 70 million square feet in FY23. On the back of a healthy pipeline,