In a pan-Indian survey of recruitment agents by Edelweiss Securities, more than half (53%) of the respondents said that the situation would improve over the next one year. The survey said, "About 71% respondents expect hiring to stabilize over the next three months."
The survey also said that 69 pc of the respondents believe the number of unemployed had increased in the past one year. The survey, which took view of various sectors, found that all sectors, except IT, hope to see an improvement in hiring that is expected to support demand for residential real estate.
"A stabilizing job market in the near term and a robust outlook beyond that, are expected to keep real estate market buoyant," the survey pointed out.