The government has announced a new HR policy for real estate firms, aimed at streamlining the hiring process and reducing employee turnover. The policy, which will come into effect from June 1, 2026, will require real estate firms to provide a minimum salary of ₹6 LPA to all employees, along with benefits like health insurance and provident fund.
The policy will also require firms to provide training and development programs to employees, to enhance their skills and career growth. According to a report by HR Katha, the policy is expected to benefit over 1 million employees in the real estate sector, including those working in developer firms, channel partner companies, and PropTech startups.
The policy will also help to reduce employee turnover, which is currently estimated to be around 20% in the sector. Companies like DLF, Unitech, and Sobha Limited have already started implementing the policy, and are expected to see significant benefits in the coming months.
