Bengaluru's Leading Role in Hiring Trends
Bengaluru's dominance in hiring continues across key sectors. The city leads in junior, middle, and senior-level hiring, shaping its status as a thriving business hub.
Manufacturing Sector's Robust Hiring in Bengaluru
Bengaluru's manufacturing sector leads hiring efforts with 37.58% of junior, 43.61% of middle, and 50.5% of senior-level job creation. A major contributor to Bengaluru’s economy.
FMCG Sector's Contribution to Bengaluru’s Hiring
The FMCG sector in Bengaluru accounts for 37.94% of junior, 42.1% of middle, and 46.6% of senior-level job creation. A significant player in Bengaluru’s dynamic job market.
Hiring Growth Projections for 2024
Overall hiring in Bengaluru is anticipated to grow by 11% in 2024, reflecting the city’s strong economic growth and its position as a key player in the Indian job market.
Bengaluru’s Thriving Real Estate Market
Bengaluru ranks as one of the top real estate markets in the Asia-Pacific region, with residential properties expected to see a 5% annual growth rate, placing it second among 24 markets.
Rise of Coworking Spaces and Real Estate Returns
Demand for coworking spaces in Bengaluru has surged from 14% in Q1 2019 to 27% in Q1 2023, with Bengaluru and Delhi-NCR accounting for 66% of net coworking absorption.
Rental Yields and Real Estate Price Trends in Bengaluru
Bengaluru offers attractive rental yields between 5-7%, making it a prime location for real estate investors. Additionally, property prices are expected to rise by 12% in 2024, bolstering the city's real estate market.
Conclusion: Bengaluru’s Dominance in Hiring and Real Estate
Bengaluru stands as a leader in both hiring trends and real estate growth. With strong job creation in sectors like manufacturing and FMCG, combined with impressive rental yields and predicted property price increases, the city is a hub for both professionals and investors alike. The dynamic growth of coworking spaces and attractive returns in real estate make Bengaluru an ideal city for future growth and investment.