The Indian real estate industry in Dec 2020 was estimated to be, rising income levels, urbanization and the rapid growth of the IT sector are the key drivers for the Indian real estate sector. Currently as the economy is facing a slump due to global downturn, the real estate sector is facing difficulties. However, in the next 2-3 years most of the larger players are anticipated to expand aggressively across the country. With this slump considered momentary, Indian real estate industry is likely to witness huge growth again. With increase in growth, demand for allied services like architecture, interior design & landscape architecture is likely to increase.
Market
• Architecture is a highly competitive and multi-disciplinary profession, involving a variety of tasks.
• As a field, it covers myriad disciplines, including spatial design, aesthetics, project management and material management.
• There are many Institutions in the country offering undergraduate & post graduate courses in Architecture.
• From our survey, out of the total number of designers working in the country, this discipline accounts for the most with 81.25%.
• Majority of the architects belong to the age group of 20-35 & hold B.Arch as their degree of qualification.35
• Mumbai leads in terms of having maximum number of architects followed by Pune and Delhi.
• In terms of placements, maximum numbers of architects are placed in the private sector followed by being self employed & in public sectors.
Current Activities
• In terms of outsourcing, architectural services are gaining traction with scope including design development, detailed architectural plans, construction documentation, as-built drawings, shop drawings, and visualization (3D views & walk-through).
• Architectural outsourcing service in India has the potential to grow to $12 billion in the next four to six years, from its current level of $3.5 billion.36
• Annual requirement projections of architects’ stands over 10,000 which is expected to rise further but the training facilities available are still short.
Urban Design and Landscape Design
Furniture Design
Address:- 2nd Floor, F 18, Gautam Marg, Vaishali Nagar, Jaipur, Rajasthan -302021
Contact Person: Mr. Aman and Mr. Akbar
Contact No: 97721-99911, 0141-6656509
Email: jaipur@pahaldesign.com