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MBA in Real Estate Management

Jun 27, 2014 16:07 IST

    Real Estate Management

    The operation, control, and management of the properties relating to real estate like houses, flats, buildings, commercial spaces for office suites etc comes under the belt of Real Estate Management.

    Career Prospects

    A student who is having a keen interest in the field of real estate and has soft skills to pitch for the clients and deal with the vendors, customers and brokers can shape up his career in the field of MBA-Real estate Management. The work profile as well as the employee designation or profile that one can get in this field are as enumerated below:

    The basic work profile in the Real estate management includes:

    • Acquisition
    • Control
    • Maintenance
    • Accountability
    • Responsibility
    • Utilization
    • Buying and selling
    • Leasing
    • Renting In and Renting Out

    Colleges that provide MBA-Real estate management

    There are various colleges that provide the courses of post graduate management in Real Estate management as one of their prime programs. Some of the colleges are as under:

    1. Guru Govind Singh Indraprastha University, New Delhi.
    2. National Institute of Construction Management and Research, Mumbai.
    3. SM School of Management Technology, New Delhi.
    4. Yajnas Academy of Real Estate Management, Bangalore.
    5. Indira Gandhi National Open University, New Delhi.
    6. RICS School of Built Environment, Amity University, Delhi.

    Eligibility Criteria

    The eligibility criteria to take admissions in the course is that the candidate must be holding a Bachelor’s degree in any discipline with a minimum of 50% marks and must have appeared in any of the National Level Entrance exams like CAT, MAT, GMAT, XAT, C-MAT etc.

    Courses offered

    The various courses offered in these Institutes are as under:

    • MBA- Real Estate 2 years
    • MBA in Real Estate Management 2 years
    • PG in Real Estate Management 2 years
    • PG Diploma in Real Estate Management Part time/full time/correspondence
    • Advanced Diploma in Construction Management, Part time.

    Course Fee

    The course fee struture is variant depending on different colleges which ranges from 4-6 lakhs for regular 2 year program and below 1 lakh in Distance learning or correspondence. Just Amity takes a fee in the range of 8-9 lakhs from the sponsored candidates and upto 6 lakhs from non-sponsored candidates.

    Placements and pay-offs

    The candidates opting for this course gain an advantage of getting adhered to a real estate firm at the start of their career wherein they get salaries of Rs 20000 to 25000 initially and more than 40000 to 50000 after gaining knowledge and experience. Besides, the handsome and huge incentives are also there which adds to the huge overall earning. Just a matter of fact that they need to establish a good connection and healthy relationship with the vendors and brokers on one hand and clients on the other hand.

    Nut-Shell

    Real estate is a rapidly growing and booming industry in today’s era and it brings with it a lot of learning and experience gaining objectives that can perfectly shape up the career of those who are willing to work in this sector with all zeal and passion.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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