Tag Archives: Real Estate Management

Indian Real Estate is Growing Big.

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The real estate industry is expected to reach US $180 billion by 2020, said analysts and industry experts at a seminar organised in the city. As part of the Management Development programme, the students of the Acharya Bangalore B School attended a three-day seminar on Real Estate Management that started on Thursday.

Realtors and analysts from the field also attended the seminar to provide the students with future prospects and various professional options.

Presenting a paper on ‘Internet and Real Estate’, Business Head of 99Acres.com, Vineet Singh said, “As per reports by real estate intelligence firms, India is ranked as the fifth most attractive destination for future real estate investments in a list topped by China. The Indian real estate industry is expected to reach US $180 billion by 2020. This is a good platform to involve both academia and industry to facilitate dual growth and understanding. We get to know what the emerging new talent holds and they learn about the industry perspective.”

Industry experts from Brigade Group, Sobha Developers and other leading real estate organisations attended the event to train the students. “I’ve always had an interest in this industry as my family deals with real estate. But at this seminar I could ask a few basic questions and get industry relevant answers,” said Niharika Singh, a student.

 

BOP launches Real Estate Boutiques

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The new Metro City for the price of an ordinary car, £3,250.
PA very ambitious and unique project has been announced by a Better Option Propmart(BOP) a Delhi based Real Estate Management and Advisory firm. They are set to launch 15 Real Estate ‘boutique’ across the Northern India.

These will be first of its kind boutiques and will be known as ‘BOP Studio’. The idea is based on the model of any walk-in-store for property consultancy and purchase. It will have sit –in-consultants who will provide detailed and free counseling to every customer. The ambience will be of any high class store and will have the database of various projects in North India.

The Managing Director of the company, Mr. Amit Mavi said on the occasion, “You could walk-in, avail yourself of our free real estate consultancy and still not buy any property being showcased. Our aim is to bring the ‘consumer durable shopping experience’ to real estate buyers. We expect people to perceive BOP as a real estate advisory service provider rather than a mere property seller.”

The initial investment in the project is said to be huge that of at least 60 lacs per studio on the infrastructure alone. The firm plans to open 2,000 square feet street outlets at most of the hot spot destinations for Real Estate like Agra, Amritsar, Chandigarh, Jaipur, Lucknow, Kanpur, Noida,  Meerut and others.

The studios will yield profit if they handle at least 10 projects every year and achieve sales of Rs. 150 cr per city. The financial engagement looks tough more so for Tier II cities as the average realization from residential projects there is lower than that in metro cities.

Will this idea become successful, only time will tell?

New Courses In Real Estate

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IDS National Institute of Real Estate Management (IDS NIREM) has come with an idea to develop human resources for the Indian realty sector focusing on Real Estate Education, Training, Consulting & Research. Acknowledging the urgent need for specialization in realty management education it recently launched a PG Diploma course in Commercial Real Estate (PGD-CRE).

fresh off the stage
Photo by FoxtongueIt will be a one year distance learning course patterned on MBA in Real Estate. IDS NIREM also proposes the course at diploma and certificate level.

The Diploma course will be offered in two divisions. First is for those who want to commence their career in real estate including the fresh graduates and MBA’s. Second, for already existing real estate professionals who either want to amplify their learning or want to ace in commercial property sector. This course will focus on knowledge as well as practical skills to analyze, acquire, finance, and operate realty sector resources.

NIREM promises to provide PG level degree, diploma and certificate courses along with MDPs, Consulting and Research in different fields of real estate. In addition to these learning programs, it also plans to develop touchstones for real estate sector, retail & institutional investors and other stakeholders

The courses offered are:

Post Graduate Diploma Courses

  • Post-Graduate Diploma in Commercial Real Estate
  • Post-Graduate Diploma in Real Estate Sales & Agency Management

Diploma courses

  • Diploma in Commercial Real Estate
  • Diploma in Real Estate Sales

Certificate Courses

  • Certificate in Real Estate Management
  • Certificate in Commercial Real Estate