In the recent past, we have received many queries from job seekers, students enquiring about the career growth opportunities available in the real estate sector. The queries range from knowing about the courses available, possible careers options or general ways to improve chances of getting hired in the real estate sector.
Through this post, we will try to address queries by providing you with a better understanding what career options it has to offer, and how to have an edge over the rest.
Most real estate companies and multinational organizations prefer hiring candidates who are able to exhibit a wide skill set, as the role involves valuing property, compiling investment potential and negotiating buying deals. While a qualification or formal degree for a candidate in this field is a mandatory part of the hiring process, those who have a degree in surveying, estate management, building and construction or another relevant subject, are certainly at an advantage. While previously no formal education for real estate in India was available, currently many universities offer real estate as a subject in under graduation & post-graduation level.
Studying Real Estate & Property Management
The real estate and property management discipline deals with various areas like marketing and financial aspects, tenant and occupancy, facilities of property, administration and risk. There are a number of courses available that provide a sound grounding in real estate from the perspectives of investor, developer, occupier and the broader society. You can choose the course depending upon your personal area of interest. The courses focus on professional and personal development that allows you to enter the industry with confidence. The right course will help you to gain the necessary framework of knowledge, understanding and skills to enable you to pursue a successful career in the real estate field.
Prospective Career Opportunities
As an architect, you’ll design new buildings or extensions or alterations to existing structures, and advise on the restoration and conservation of old properties.
Skills: Good design and drawing skills to demonstrate your flair for architecture.
Qualification: The standard entry route into the architecture profession begins with completing a 5-year degree programme from a recognised institution. There are numerous institutes offering education in architecture at undergraduate and postgraduate level.
As a building surveyor, you will provide professional advice on property and construction, completing detailed reports known as building surveys. Your role will be to prepare scheme designs with costings, programmes for completion of projects and specification of works.
Skills: Technical knowledge and competence.
Qualification: Building surveyors are required to have the necessary qualifications in building studies, land surveying courses. The programme must be professionally accredited by the RICS. Taking RICS accredited degree is the first step to becoming a chartered surveyor. Achievement of chartered status will accelerate your career progression.
Working as an estate agent, you’ll usually specialise in either sales or letting of commercial properties, businesses or land on behalf of your clients. Your role will involve frequent liaison with banks, building societies, mortgage brokers, surveyors, solicitors and other estate agencies during transactions.
Skills: Skills in negotiation and persuasion to win clients and succeed with deals.
As a site engineer, your input to construction projects will be technical, organisational and supervisory. You will act as the main technical adviser on a construction site for subcontractors, craftspeople and operatives.
Skills: Project-management skills with accuracy and attention to detail.
Qualification: Its must to have a degree in construction-related or engineering discipline in order to qualify for this job role. Pre-entry experience in a construction or engineering environment is desirable and highly regarded by employers.
As a construction manager, your main task would be managing construction sites or carrying out site activities. Your role will involve prior planning to contract so work is carried out in the most efficient and economical way.
Skill: Excellent planning and problem-solving skills to overcome unexpected challenges during the construction process.
Qualification: The career of a construction manager is open to graduates of construction engineering and management. Courses accredited by the NICMAR are highly preferred. Relevant subjects could include construction management, engineering, building management, project management, surveying and building studies.
Commercial real estate offers a broad range of career opportunities. It entails everything from planning and development to construction and marketing, making it an industry reliant on people with a wide range of skills. The scope is vast and difficult to capture in a single post. The idea here is to provide some information.
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