Real Estate Institutes in India

Indian real estate sector witnessed dynamic growth since the beginning of the millennium. Developers started launching projects after projects, which used to be supported by innovative financial tools offered by private equity & venture capital funds in addition to traditional financial institutions. Government equally supported the growth with its growth oriented policies. Housing Finance Institutions contributed its share in the development by offering loans liberally to prospective home buyers. On the other hand, developers started formulating innovative marketing, sales and customer service strategies. They suddenly moved from direct and local level marketing to national and international level marketing. World Wide Web became one of the most common medium of promotion.

These developments resulted in massive requirements of trained, competent and specialist human resources for the property sector. Unfortunately, since the time realty business started growing, neither the players of this sector nor the Government ever thought of any long term strategy to develop manpower for this important economic sector, except occasional airing of concern. The result is the acute manpower crisis in the Indian property sector.

However, it is worth to mention here that there have been few initiatives to offer real estate education in India, most noticeable NICMAR and NIREM.

NICMAR, National Institute of Construction Management & Research, offers full-time programs in various areas of realty and construction management through its different campuses. The courses are of two-year, one-year and six-month duration. The institute also offers courses through distance learning mode. But there is no realty related courses offered through distance mode. Moreover, almost all of the courses of NICMAR are focussed towards construction and development.

IDS NIREM, National Institute of Real Estate Management, on the other hand, offers one year PG Diploma and six months Diploma programs in various areas of property business through distance education mode. These areas include real estate management, property marketing, sales & brokerage, realty finance, property investment, appraisal, facilities management etc. A key feature of NIREM is its affordable tuition fee which is less compared to most of the other professional institutes.

To conclude, I must say that the above initiatives towards real estate education are definitely praiseworthy but are insufficient compared to the human resource needs of the Indian real estate sector. Unless there is an integrated planning towards introduction of the system of real estate education in India, this sector will continue to face manpower crisis.

If You Are a Real Estate Investor You Must Continue Your Real Estate Education

With all things that are done intentionally as a real estate investor your education comes first. A real estate investing education is primary to your success in business, and in all circumstances there is an identifiable pattern of learning that leads from thought to action. When experiencing something new, first you hear about it or learn of its existence. Next you learn what it is. Then you learn how it works. And finally, you practice it, which is where experiential learning begins.

This article is intended to discuss education, separate from experiential learning (but a little more on that below). Your real estate education should not be looked at as a phase you go through, but rather as an ongoing process. This is a requirement to stay in the real estate business and to excel. There are at least three very good reasons why your real estate investing education should be continuous and ongoing. One is that having new information can allow you to improve the process of what you’re already doing, so that you can do it better. Another is that having new information can allow you to do new things that you’re not already doing, such as implementing new profit centers in your real estate business. A third is that the world is always changing so that knowledge needs to be continually updated to be useful.

The fastest way to develop yourself educationally is to actively seek out as many sources of education as possible on a continuing basis. There are three common modes of education to be aware of that can help inform your search. One is private education that you digest on your own, which can include books, audio recordings, video recordings, websites, and online and offline real estate investing newsletters. Another is participatory education, which involves some sort of interaction with an educator, and can include seminars or boot camps, conference calls, and webcasts.

Yet one more is hands on education, which can be gotten by working with others already in the business. This could take the form of a mentorship or an apprenticeship with another investor. You could also take advantages of all the resources of a local real estate club, either online or offline, which is dedicated to helping investors further their education in all sorts of ways. As an ongoing business activity, your real estate education deserves management and balancing against the other ongoing activities of your business as well as all of the other demands on your time.

You should work it out however is best so as to ensure that a dedicated portion of your time and resources on a regular basis go to furthering your real estate and business education. A final word on education from experience, or experiential learning, comes last. Education can be overrated by beginning real estate investors. While it does have a large role to play in your overall progress and success, the amount you actually learn from studying educational materials is negligible compared to the amount you learn from actually performing an action or having an experience.

Keep this in perspective if you feel paralyzed by an insufficient real estate investing education.

Online Real Estate Career Preparation Program Availability

Preparing for a career in real estate can be done through various forms of educational training. For those who don’t have the option of changing their current employment or lifestyle to accommodate traditional classes, there are online programs available. Accredited online real estate schools and colleges can allow students to gain various skills in order to seek employment as real estate professionals. Training can be completed at numerous levels and allows students to choose a specialized area of study.

Online career study options for those looking to enter into this field are available at the certificate and degree level. Training can be completed in a number of specialized areas, allowing students to seek out the career they desire.

  • Certificate – typically takes anywhere from six months to one year to obtain.
  • Associate Degree – can require two years of accredited study.
  • Bachelor Degree – allows students to train for four years.
  • Master Degree – will require an additional two years of online study.

By choosing to obtain an education at any of these levels, students will be ready to seek employment and enter the workforce prepared for the career of their dreams.

Specific areas of study for those looking to obtain a real estate education will depend on the level of education earned. Students have the option of entering education in order to become real estate brokers, appraisers, agents, managers, and much more. Career options will vary based on the level of education, and students can choose more than one area to study. Accredited online schools and colleges area available to give students the quality education they need to have a successful future career in this exciting field. Specific areas of study will be based on the individuals desired level of education and career.

Coursework will vary depending on the online educational training program and the student’s desires. Various levels of education will also help to determine the subjects to be studied. Learning programs may consist of course in finance, law, advertising, computer science, business administration, leasing, economics, appraisal and many other relevant topics. By gaining an education in real estate from the students own home, they can choose to study at their own leisure. Training in areas such as these will help to prepare for a successful career.

Continuing education can also be completed for those who wish to enhance their current skills, or for professionals who are looking to offer their clients more services. Continuing education certificate programs can take anywhere from several weeks to six months time to complete. Accredited educational programs are available to give students the chance to pursue the career they long for. Agencies like the Distance Education and Training Council (http://www.detc.org/) are approved to offer full accreditation to the schools that supply a quality online education in real estate. Students can learn more about the field to prepare for enrollment in an accredited program, by requesting information from the school of their choice.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

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