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.
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