What are the Job Roles offered by the construction & Infrastructure sector after budget 2021?

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What are the Job Roles offered by the construction & Infrastructure sector after budget 2021?

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In the past, many factors have influenced the planning of infrastructure development. Some of which are sociopolitical developments, global pandemic, fast-evolving tech innovations, and trade tensions.

However, infrastructure planning and delivery involve creating both opportunities and risks. Taking the risk of infrastructure development yields new possibilities for innovation in investment models and capital flows. Based on the past year’s observation, we know that one of these factors is new, which is, global pandemic. The COVID-19 pandemic has accelerated governments’ need to adopt policies and allocate funds that reflect these priorities. Hence, in the budget 2021, the finance minister has introduced increased spending on the real estate sector.

For example, two significant incentives given by the government to the real estate sector in budget 2021 are tax benefits and affordable housing for private investors such as InvITs and REITs (Infrastructure Investment Trusts and Real Estate Investment Trusts). Furthermore, in the budget, Finance Minister Nirmala Sitharaman has proposed to permit the entry of foreign portfolio investors into debt financing of InvITs and REITs. This step will make investment more lucrative for the common person and enhance private participation and funds flow into the real estate sector.

Budget 2021 has also announced a few indirect support measures, such as injection of funds in infrastructure development. It will boost the overall capital appreciation of nearby property.

Hence, commercial property will become one of India’s strongest economic engines. Any benefit the government extends to the real estate sector will provide multiple benefits across the economy.

With this increased spending on infrastructure, the real estate sector will automatically witness a boost by 2022. Hence, the job opportunities such as Real Estate Consultant, Global Real Estate Financial Analyst, Manager – Real Estate, Real Estate Salesperson will increase. However, to fill these job profiles, the industry will require professionals.

To gain an advantage over others and grab emerging work openings in the built environment sector, it is the best time for graduates to consider a sector-specific MBA program like MBA in Construction Project Management or Urban Infrastructure, to prepare themselves for the upcoming challenges and environment.