Career in Real Estate Sector
The boom in infrastructure sector has led to the opening of floodgate of opportunities in the Real Estate sector those were previously unheard of. These are mentioned below
Careers in Residential Brokerage
These Real estate professionals help people buy and sell homes (one of the most important and basic services a real estate agent performs). They need to have thorough knowledge of areas as real estate law, local economics, fair housing laws, types of financing, mortgages and government programs.
Careers in Commercial Brokerage
Commercial brokers specialize in income-producing properties, such as apartment and office buildings, retail stores and warehouses, shopping centers and industrial parks. Commercial brokers may also have to arrange financing.
Careers in Industrial and Office Brokerage
Industrial and office brokers specialize in the developing, selling or leasing property used for industry or manufacturing.
Careers in Property Management
The property manager's primary function is to maintain the property in order to produce the highest possible financial return over the longest period of time.
Careers in Land Development
Land development is one of the most important and challenging specialties in real estate today. Developers turn land into profitable, marketable developments - residential, commercial or industrial.
Careers in Real Estate Appraising
Real estate appraisers determine the value of properties, like, assessed value for tax purposes, investment value or present value for a potential investor, "book" value for accounting purposes, rental value for income projections and insurable value.
Careers in Urban Planning
Urban planners work with local governments and other civic groups to anticipate their city's future growth. They propose physical changes to accommodate this growth.
Careers in Real Estate Counseling
Real estate counselors are in the business of giving advice about property. They are the experts others seek when they want answers to real estate questions.
Careers in Real Estate Research
Real estate researchers contribute to the decisions of many other real estate specialists. Brokers, property managers, appraisers, financing experts and counselors all depend on data provided by research.
Course Details in Real Estate Sector
The most convenient way to get into the Real Estate business is to pursue a B Tech/ Diploma course in Civil Engineering from any engineering college in the country. Apart this, real estate development schools are now coming up in various parts of the country that train students into th eintricaccies of real estate.These institutes provide two year Post graduate diploma/MBA in courses like real estate management. Eligibility for this is graduation in any field and selection is based on written tests and Personal Interview. Apart from this, Indian Institute of real Estate ,Pune provides certificate courses in Principles and Practices of Real Estate (PPRE) and Fundamentals of Property Management (FPM), online. The course is open to all.
Career Prospects in Real Estate Sector
One can easily get absorbed in the private real estet development companies upon completion of the course and assume positions as property executives, property officers in charge valuation, research, sale, lease and management of property or as project supervisors or quantity surveyors. Other potential employers include government departments, regulatory authorities and statutory boards, banks, property development and investment companies, real estate consultancy firms, management corporations and town councils, construction companies and chartered surveying practices.
Sky is the limit for a real estate executieve. Although the starting salary can be somewhere around 12000 to 15000 rupees it can well exceed 40000 in a course of three years. Apart from this there is a scope of earning on commission as well.
Institutes Offering Courses in Real Estate Sector
Mentioned below is a list of the selected few institutes that run various courses in real estate management.
- Yajnas Academy of Real Estate Management, Hyderabad
Two-year PG diploma in real estate management (full-time, part-time, distance) and a four-month certificate course
- Guru Gobind Singh Indraprastha University, Delhi
Two-year MBA (real estate), with the classes held on weekends
- Akruti Real Estate Institute, Mumbai
Two-year postgraduate diploma in real estate management
- Indian Institute of Real Estate, Pune
Provides certificate course online course in Principles and Practices of Real Estate (PPRE) and Fundamentals of Property Management (FPM).