With only 7 million women among 57 million real estate employees in India, the industry has a long way to go in achieving inclusivity. As a pioneer in the Indian real estate sector, Max Estates is leading the conversation on gender inclusion, recognizing that a diverse workforce is critical to long-term industry growth and resilience. This report underscores the business case for inclusion, urging industry leaders to take tangible steps toward progress.
“A nation’s true potential is realized when its women are empowered to contribute fully. For India to achieve its ‘Viksit Bharat’ vision, women must play a pivotal role. With real estate set to contribute 5-6 trillion dollars to the economy by 2047, women’s inclusion is vital. They bring insights into consumer preferences, design sensibilities, empathy, resilience, and collaboration, shaping communities with care and creativity. At Max Estates, we are dedicated to fostering this change, building a future that is inclusive and transformative,” said Sahil Vachani, MD and Vice Chairman, Max Estates.
The study has received widespread support and recognition including Sh. Manohar Lal, Union Minister of MoHUA, Smt. D Thara, Add. Secretary, MoHUA and other industry leaders. Insights were gathered through in-depth interviews and a survey of over 100 participants, including construction workers, policymakers, corporate leaders, and industry bodies.
“The impact of including 50% of the population in the workforce extends beyond 100% on the economy. In real estate, this formula can be implemented with more work on enabling policies, greater inclusion, and maintaining respectful pay parity. Our research quantifies these economic gains in both the short and long term,” said Shormishtha Ghosh, Founder-MD, In Tandem Global Consulting.
The report not only highlights the challenges but also provides actionable steps that can drive change across the industry, policy, and beyond.
” At Max Estates, we believe that fostering inclusivity within the industry requires a collective effort,” said Rishi Raj, COO, Max Estates. “The industry at large can consider initiatives such as collaborating with academic institutions to integrate real estate modules into their curricula, leveraging technology to upskill women at the blue-collar level and support their transition into skilled roles, and conducting training programs to build workplace cultures that embrace diversity and equity. We are actively exploring these avenues to lead by example and contribute to shaping a more inclusive and dynamic future for the industry,” Rishi added.
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