Start-ups to offer a record pay hike in 2016. How will this impact real estate market?

Start-ups to offer a record pay hike in 2016 and it is not just the employees who are all set to laugh their way to the bank. The steep pay hike projection of 15.6 percent by Aon Hewitt, a global talent, retirement and health solutions will have a direct impact on the property market. Experts believe it will set the cash registers ringing.

Ashwinder Raj Singh, CEO of Residential Services at JLL told that a lot of investments are coming into the start – up space in India. India stands at position 3 in terms of start – up action and funds flows in India. Start – up always involves in attracting the right kind of talent. The move is likely to have a positive impact on the real estate sector with an increase in employment and remuneration. The first time buyers will have a boost and encouragement in investing in realty.

Bengaluru followed by Mumbai and NCR will have more benefits from this start – up push. The mid- size segment ranging between 50 lakh to 1 crore should have a positive impact on these 3 cities. He feels that the push do not have an adverse affect on the rentals and it should have a marginal increase.

Tune in to the video to know more:

Click to view video

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s