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Career making in real estate becomes easier

NIREM launches courses to develop human resource for Indian Real Estate


NIREM launches courses to develop human resource for Indian Real Estate

With the dynamic growth in the Indian real estate business during last few years, the sector attracted attention of fresh graduates and MBA who wanted to start their career. But in the absence of any system of real estate education in India, these fresh graduates had no option to get a real estate job at a good level except starting from low end jobs in real estate. In addition, the total absence of any system of real estate education in India has been affecting the quality of human resources available to this sector. Considering these constraints, IDS National Institute of Real Estate Management (IDS NIREM), established by the Industry Development Society for Real Estate, has taken initiatives to develop professionals dedicated to real estate sector, which will not only reduce the manpower shortage in this market but also provide a platform to fresh graduates and MBAs to start their career in real estate. .

The business of real estate has today become more complex than it was few years ago. Similarly, owing to the rush of foreign developers and investors, the scope of Indian real estate business has become international and the business is no more restricted to local areas. Now, there are several international factors that affect Indian real estate business. This new structure of the Indian real estate market has in turn created the acute shortage of trained real estate professionals who can manage the business efficiently. This shortage of professionals also highlights the need for specialised real estate education in India. Incidentally, in India there is neither any system of real estate education nor any real estate courses, even though the sector contributes significantly to the national GDP and is the second largest employer.

On the other hand, Indian real estate industry leaders including top real estate developers, multinational real estate consultants, housing finance institutions etc have repeatedly aired their concern at the total absence of courses in real estate in India. The total absence of real estate management courses or any systematic education procedure to develop career in real estate is visibly affecting the quality of human resources available to the Indian property market. Also, though real estate is one of the largest employers and there are thousands of vacancies at different levels and in different areas, developers are forced to spend huge time and money on recruitment and training of candidates from other sectors. Moreover, once trained, these people leave immediately for better opportunities and therefore the cycle of spending time and money on recruitment and training of candidates from other sectors continues for developers and other employers. Also, today even if people of good education and skill want to start their career in real estate, they can’t do so in the absence of real estate courses in India.

In view of the above situation, IDS National Institute of Real Estate Management (IDS NIREM), www.nirem.org, has taken various initiatives to develop real estate sector specific human resource. Under this initiative, NIREM has planned to train fresh graduates and MBAs as well as working real estate professionals in different functional areas of real estate.

In addition, NIREM has launched PG Diploma and Diploma programs in real estate management, real estate sales & agency management, real estate marketing, real estate finance, real estate investment, real estate appraisal and facilities management. These courses are currently offered through distance mode. PG Diploma course is of one-year duration whereas diploma is of six-month duration.

NIREM is currently admitting students in its one-year, distance learning PG Diploma program in real estate sales and agency management (PGD-RESAM). The institute is also accepting applications for six-month distance learning program ‘diploma in real estate sales’.

The program objectives of these two courses are to provide the participants with thorough knowledge and practical skills to plan & execute successful sales & leasing strategies for different types of properties, plan & manage real estate agencies and carry out basic appraisal.

These high impact, industry-driven and employment-oriented programs offers both the fresh graduates who intend to pursue a career in real estate and the working professionals, an unequaled educational growth and career advancement opportunity. For further information, please visit www.nirem.org

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