Real Estate
Even though there are no specific courses to study to choose real estate as a career option a thorough knowledge on finance, market research, banking, etc should be helpful. It is quite easy to start a career in the Real Estate field however it needs due diligence, people skills, resource management skills. Real estate market is booming India however it is most unorganized. Lately there is consolidation among major real estate players and you could find a systematic growth in profiled career options within the real estate field that could be rewarding.
Career Options
Below listed are the major careers one could pursue in the field of Real Estate followed by required qualifications, career path to adopt, expected salaries, local and global demand and list of Institutions that are offering relevant courses.
- Property Management
- Building Codes specialist
- Real Estate Consultant
- Appraiser
What You Need To Know
Infrastructure is a growing sector in Indian market with ever increasing demand for both commercial and residential properties. With higher disposable income, there has been a surge in housing segment and hence demand for experts who could deal with sale, transfer and maintenance of real estate properties. Latest laws from government enforcing new regulations to safeguard interests of public as well as builders is transforming this sector into a systematic one, hence there is increasing demand for professionals who could manage it well within the law.
Even though there is no formal education requirement to work in the Real Estate market however a degree and relevant certification or exposure in the field of operations would be helpful. Real estate offers wide range of opportunities within itself, be it marketing or property management or appraising etc. Experience and exposure are key factors of success in this career field. If you are associated with prestigious builders or ventures, that would add value to your experience.
A career in Real Estate may need management skills and knowledge on customer business operations to provide customized solutions. There is requirement to work closely with customers, retail or institutions, to provide best-fit and timely solution. Knowledge on financial lending, banking and local building regulations would be helpful.
Qualification
A bachelor’s degree with relevant experience in the area of interest would be good to start with. In case you are looking for specific segments such as mortgage or facility management, a relevant certification or qualification would be helpful.
Skills
Customer service, Communication skills, Learning attitude, Management skills, Analytical skills, problem solving skills.
Expected Salary
In real estate, major part of the package is linked to the commission. This could be lucrative when you are dealing with volume or high value assets.
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