Demonetisation threw the Indian economy in a turmoil, especially the construction sector or real estate firms, which largely depend on cash.(Pic for Representation)
Demonetisation threw the Indian economy in a turmoil, especially the construction sector or real estate firms, which largely depend on cash.(Pic for Representation)

Demonetisation blues? Job offers for civil engineering students in Mumbai slump

In colleges across the city, very few construction companies have participated in the campus placements so far
By Musab Qazi | Hindustan Times, Mumbai
UPDATED ON JAN 13, 2017 01:24 AM IST

Engineering colleges in the city are witnessing a grim placement season this year, with fewer jobs being offered by the core engineering companies, especially those from the construction sector. 

In colleges across the city, very few construction companies have participated in the campus placements so far. The companies that did visit the campuses made substantially fewer offers to civil engineering graduates this year. 

For example, at Veermata Jijabai Technological Institute (VJTI), in Matunga, only 15% of final-year civil engineering students have been placed so far. According to VM Phalle, training and placement officer (TPO), at the college, more than 50% students usually get offers by this time of the year. "The civil engineering placements were going on smoothly till October, but slowed down later. We hope that the situation will improve soon," he said. 

Demonetisation threw the Indian economy in a turmoil, especially the construction sector or real estate firms, which largely depend on cash. “The slump in construction offers was expected. The sector was adversely affected post-demonetisation as it heavily relies on informal workers. The property values have gone down as well,” said Rituparna Chakraborty, , executive vice-president at TeamLease Services, a human-resource consulting agency.

The effects are visible in the government-run Sardar Patel College of Engineering (SPCE) in Andheri, as well. Here, some construction companies, which had made offers last year, delayed the joining of graduates. One real estate developer, which had hired students in large numbers, didn't make even one-fourth number of offers it made last year.

The placement officials at Rizvi College of Engineering in Bandra and MH Saboo Siddik College of Engineering in Byculla, said the construction firms have been delaying their visit to campus. “Some companies, which had scheduled interviews in January, are requesting us to postpone them,” said a placement official from Rizvi College. 

However, Rahul Dahatonde, TPO at SPCE, said the demonetisation had little, if any, impact on the placements. "The civil placements were slow since the beginning of the academic year," he said. 

On the other hand, the real estate industry blames demonetisation and governmnet regulations for its decline. "The sector is facing a severe recession owing to conflicting policies of government agencies. The situation worsened by demonetisation," he said. 

Also read

Despite demonetisation, Mumbai colleges see more job offers, better pay packages

Many people in unorganised sector may lose job due to demonetisation: Ajay Maken

SHARE THIS ARTICLE ON
app
Close
The state government has approved <span class='webrupee'>₹</span>1.3 crore to provide compensation to poultry farm owners who were affected owing to the avian influenza. (HT FILE)
The state government has approved 1.3 crore to provide compensation to poultry farm owners who were affected owing to the avian influenza. (HT FILE)

732 more bird deaths in Maharashtra, toll touches 14K

PUBLISHED ON JAN 23, 2021 01:32 AM IST
Till Friday, the state has culled a total of 39,483 poultry birds and eight ducks and destroyed 35,515 eggs and 53,046 kg of poultry feed
Close
The redevelopment plans for terminus and stations include providing shopping complexes and hotels on the premises to increase the non- fare revenue. (HT FILE)
The redevelopment plans for terminus and stations include providing shopping complexes and hotels on the premises to increase the non- fare revenue. (HT FILE)

Arriving soon in Mumbai: Better Bandra Terminus

By Aroosa Ahmed
PUBLISHED ON JAN 23, 2021 01:26 AM IST
The IRSDC is looking at providing road connectivity to the terminus from SV Road. Currently, only one narrow road from the east of the railway station connects to the terminus.
Close
 (Anshuman Poyrekar/HT Photo)
(Anshuman Poyrekar/HT Photo)

Mumbai sees record 92% turnout on Day 4 of Covid vaccination drive

By Mehul R Thakkar
PUBLISHED ON JAN 23, 2021 01:22 AM IST
The Covid vaccination drive in Mumbai saw a record high turnout on Friday, with 3,539 (92%) of the 3,852 healthcare workers (HCW) getting the shots
Close
The veteran leader also reiterated that the Maharashtra Vikas Aghadi (MVA) government – comprising Shiv Sena, NCP and Congress – would complete its five-year term and attempts to dislodge it won’t succeed. (HT FILE)
The veteran leader also reiterated that the Maharashtra Vikas Aghadi (MVA) government – comprising Shiv Sena, NCP and Congress – would complete its five-year term and attempts to dislodge it won’t succeed. (HT FILE)

Law and order state subject: Sharad Pawar on Centre providing Y security to Maharashtra MP Narayan Rane

PUBLISHED ON JAN 23, 2021 01:21 AM IST
The state government had recently scaled down or completely scrapped the security cover of many leaders. Rane’s security cover was completely removed. He was earlier being provided the Y-plus category
Close
Shops being sealed after the order at Lalbaug. (Pratik Chorge/HT)
Shops being sealed after the order at Lalbaug. (Pratik Chorge/HT)

SC orders ‘forceful eviction’ of 3 tenants on National Textile Corporation property in Mumbai

By Eeshanpriya M S
PUBLISHED ON JAN 23, 2021 01:15 AM IST
The occupants of three shops at Jam Mill in Lalbaug were evicted by officials of the National Textile Corporation (NTC), the owner of the land, after the Supreme Court (SC) order allowed the central government-owned entity to “take forcible possession with the help of police force”
Close
Anna Hazare has asked the government to repeal the three farm laws. (HT FILE)
Anna Hazare has asked the government to repeal the three farm laws. (HT FILE)

Farm laws:Firm on indefinite hunger strike from Jan 30, says Anna Hazare after meeting former CM Devendra Fadnavis

By Surendra P Gangan
UPDATED ON JAN 23, 2021 01:45 AM IST
After social activist Anna Hazare announced that he would go on an indefinite hunger strike from January 30 in support of the farmers protesting at Delhi’s borders, leader of Opposition in Maharashtra Assembly and former chief minister (CM) Devendra Fadnavis met him to convince him against the decision
Close
The new Patripool Rail Over Bridge (ROB) will be inaugurated by CM Uddhav Thackeray through a video conference. (Rishikesh Choudhary/HT photo)
The new Patripool Rail Over Bridge (ROB) will be inaugurated by CM Uddhav Thackeray through a video conference. (Rishikesh Choudhary/HT photo)

Commuters’ woes to end on Jan 25 as Kalyan’s Patripool ROB is ready to be opened

By Sajana Nambiar, Kalyan
UPDATED ON JAN 23, 2021 01:02 AM IST
The news of its opening has created a buzz in the city with the photos of the new, aesthetically and technically-advanced bridge going viral since Thursday night
Close
A circular stated that the list of degree/diploma certificates with convocation numbers of candidates will be made available on the university website and candidates must note down these numbers and produce the same at their department or institutes at the time of collecting their certificates. (HT FILE)
A circular stated that the list of degree/diploma certificates with convocation numbers of candidates will be made available on the university website and candidates must note down these numbers and produce the same at their department or institutes at the time of collecting their certificates. (HT FILE)

University of Mumbai to conduct annual convocation ceremony virtually this year

PUBLISHED ON JAN 23, 2021 12:55 AM IST
The ceremony is scheduled to take place on February 28 and will be telecast live through the MU website, www.mu.ac.in
Close
The Thane Municipal Transport budget being presented on Friday. (Praful Gangurde/HT photo)
The Thane Municipal Transport budget being presented on Friday. (Praful Gangurde/HT photo)

Thane Municipal Transport to get 350 new buses this year

By Megha Pol, Thane
PUBLISHED ON JAN 23, 2021 12:52 AM IST
Apart from the promise of new buses, which will take the total number of buses in Thane city to 700, the budget has nothing new to offer this year
Close
Congress workers take part in a march against Republic TV’s Arnab Goswami at Worli on Friday. (Anshuman Poyrekar/HT Photo)
Congress workers take part in a march against Republic TV’s Arnab Goswami at Worli on Friday. (Anshuman Poyrekar/HT Photo)

Congress holds protests in Maharashtra, seeks action against Arnab Goswami

By Surendra P Gangan
PUBLISHED ON JAN 23, 2021 12:50 AM IST
The party called for action against Republic TV’s editor-in-chief over the alleged leaked WhatsApp chats related to the 2019 Balakot airstrike and other sensitive national issues
Close
The north-bound route from Airoli junction to Eastern Express Highway (EEH) towards Thane and LBS Marg will be closed for all types of heavy vehicles on January 23 and 24 from 9pm to ease the peak-hour congestion. (Praful Gangurde/HT photo)
The north-bound route from Airoli junction to Eastern Express Highway (EEH) towards Thane and LBS Marg will be closed for all types of heavy vehicles on January 23 and 24 from 9pm to ease the peak-hour congestion. (Praful Gangurde/HT photo)

Thane: Take diversion as Kopri bridge will close this weekend for girders

By Ankita G Menon, Thane
PUBLISHED ON JAN 23, 2021 12:45 AM IST
Commuters taking the Kopri bridge after 9pm this weekend will have to take a diversion as it will be closed for laying of six more girders by the central railway over the railway lines
Close
A medic administers Covid-19 vaccine at Shatabdi Hospital, Kandivli in Mumbai on Friday. (Satish Bate/HT Photo)
A medic administers Covid-19 vaccine at Shatabdi Hospital, Kandivli in Mumbai on Friday. (Satish Bate/HT Photo)

At 76%, Maharashtra sees its highest turnout for Covid vaccine so far

By Swapnil Rawal, Mumbai
PUBLISHED ON JAN 23, 2021 12:42 AM IST
Maharashtra on Friday inoculated 21,610 healthcare workers (HCWs) across 282 centres in the state’s fourth vaccination drive so far. The state achieved its highest percentage of turnout on Friday at 76%, owing to the decision to allow walk-ins for HCWs at the centres to get the vaccine.
Close
Singer and musician Shankar Mahadevan himself became a traffic cop and took to the streets in Vashi to regulate traffic, on Friday morning. (Bachchan Kumar/HT PHOTO)
Singer and musician Shankar Mahadevan himself became a traffic cop and took to the streets in Vashi to regulate traffic, on Friday morning. (Bachchan Kumar/HT PHOTO)

Shankar Mahadevan turns traffic cop for a day in Navi Mumbai

By Raina Shine, Navi Mumbai
PUBLISHED ON JAN 23, 2021 12:41 AM IST
The Navi Mumbai traffic police has asked the residents to man traffic for two hours a day at any junction of their choice
Close
Bahujan Vikas Aghadi (BVA) president and MLA Hirendra Thakur. (HT FILE)
Bahujan Vikas Aghadi (BVA) president and MLA Hirendra Thakur. (HT FILE)

PMC Bank case: ED raids MLA Hitendra Thakur’s office, premises of Viva Group

By Vijay Kumar Yadav and Ram Parmar, Mumbai
PUBLISHED ON JAN 23, 2021 12:35 AM IST
Five premises belonging to Viva Group, owned by Hitendra Thakur’s family, and its associates were searched on Friday.
Close
Partho Dasgupta, former CEO of BARC. (HT FILE)
Partho Dasgupta, former CEO of BARC. (HT FILE)

Bombay HC refuses interim relief to ex-BARC CEO Partho Dasgupta, to hear bail plea on Monday

By K A Y Dodhiya, Mumbai
PUBLISHED ON JAN 23, 2021 12:32 AM IST
The court, while refusing to grant any urgent relief, directed the state government to place the Dasgupta’s discharge papers of Sir JJ Hospital and the medical report of the jail hospital before it on Monday. It also permitted the interim plea to be heard urgently on Monday.
Close
SHARE
Story Saved
OPEN APP