Indian real estate sector saw dynamic development since the start of the millennium. Designers began propelling projects after projects, which used to be upheld by imaginative financial tools offered by private value and investment capital funds in addition to conventional financial institutions. The government similarly supported the development of its development policies. Housing Finance Institutions contributed its offer to the improvement by offering loans generously to forthcoming home purchasers. Then again, developers began figuring inventive showcasing, sale and client service methodologies. They all of a sudden moved from immediate and local level marketing to national and global level marketing. It also opens doors for remote direct investment in India and career plan in real estate. It invites new professionals and agents to sparkle their profession in this part. In spite of the fact that there are some risk factors in Real Estate Investments, still, it has incredible scope in it. Numerous investors liked to invest in real estate. To pick real estate as a profession choice in India isn’t a cup of tea. A person must have certain particular qualities in him to be fruitful in this vocation.
These developments brought about enormous prerequisites of trained, equipped and specialist HR for the property area. Shockingly, since the time realty business started growing, neither the players of this part nor the Government at any point thought of any long-term technique to create labor for this critical economic area, aside from incidental airing of concern. The result is the acute workforce crisis in the Indian property sector.
However, it is worth to say here that there have been a couple of initiatives to offer real estate education in India, most observable of them are NICMAR and NIREM whose details are as follows-:
- NICMAR, National Institute of Construction Management and Research, provides full-time programs in different areas of reality and development administration through its distinctive campuses. The courses are of two-year, one-year and half year time frame. The organization additionally offers courses through separation learning mode. But, there are no realty related courses offered through distance learning. Also, the majority of the courses of NICMAR are focused towards development and construction.
- IDS NIREM, National Institute of Real Estate Management, on another side, offers one year PG Diploma and a half year Diploma programs in different regions of property business through distance education mode. These areas incorporate real estate administration, property marketing, deals and financier, realty finance, property investment, evaluation, facilities administration and so forth. A key component of NIREM is its reasonable educational cost charge which is less contrasted with various other professional foundations.