Real Estate 5th Highest-Paying Sector In India: Report
Experts believe that water taps in India’s information technology capital Bengaluru might start running dry by June-July this year. An article that appeared in the Centre for Science and Environment-backed Down To Earn Magazine on the World Water Day claimed Bengaluru was among the 10 cities in the world that is staring at acute water shortage risks. Considering the city keeps adding large number of people to its already overflowing population, the scare might very well turn out to be true if serious efforts are not made to turn the situation around—with its 10.1 million people, the city is the fifth most populous city in India and the 18th most populous in the world; these numbers are likely to reach 20.3 million by 2031. We have a reason to believe why that is going to be true.
It is not the financial capital Mumbai or national capital Delhi that are the best cities to be in if you are planning on earning good money using your talent. According to a recently released report by human resource consultant Randstad India, Bengaluru is the highest paying city for talent across levels. The city, which was once known as the City of Lakes, occupied the same position in last year’s survey, too.
A professional in Bengaluru annually earns Rs 10.8 lakh as cost to company (CTC) on an average. In Pune, the average annual CTC stands at 10. 3 lakh. A professional earns Rs 9.9 lakh as CTC in the national capital region on an average while they earn Rs 9.2 lakh in Mumbai.
The sector, which provides professionals with the opportunity to earn big bucks is the pharmaceutical industry, says the report—a healthcare professional earns Rs 9.6 lakh as salary an annum. New laws making their way into the system have also helped the consultancy business to become the master-payers—the sector is now the second-highest paying industry in India, giving a professional Rs 9.4 lakh per year. At third and fourth position lie fast-moving consumer goods and information technology sector in this regard. India’s infrastructure, construction and real estate is the fifth highest-paying sector now, the report notes. On an average, a real estate professional earns Rs 9 lakh as their annual CTC.
A real estate professional working in Bengaluru has all the reason to believe they are going to make it big in life. However, they must also be mindful of the water crisis that is looming large.