Wednesday, December 16, 2009

NIREM takes initiatives to develop human resources for Indian Real Estate

With the meteoritic growth in real estate sector during last few years, the property and real estate business also became more complex in structure and more international in scope, which created the shortage of trained real estate professionals. Then, the industry recognised the need for specialised real estate education. Also presently, at the taking off stage when real estate in India has again started moving up, Indian real estate requires people who have very strong professional skills across the spectrum of property business, for example, the property and real estate business in India today requires not a sales manager who has experience of selling everything but a sales manager who has studied real estate and is therefore expert in selling properties.

Infact, the Indian real estate industry leaders including top real estate developers, multinational real estate consultants, housing finance institutions etc have repeatedly aired their concern at the total absence of courses in real estate in India. Infact, there is no system of real estate education in India, which is visibly affecting the quality of human resources available to the Indian property market. Also, though real estate is one of the largest employers and there are thousands of vacancies at different levels and in different areas, developers are forced to spend huge time and money on selecting and training candidates from other sectors. Moreover, once trained, these people leave immediately for other opportunities and therefore the cycle of spending time and money on recruiting and training candidates from other sector continues for the developer.

In view of the above situation, IDS National Institute of Real Estate Management (IDS NIREM),, has launched a one-year distance learning Post Graduate Diploma Program in Real Estate Sales & Agency Management (PGD-RESAM). This is the first such specialised real estate sales & marketing course offered in the country. Property market analysts also attribute launch of this specialised courses to qualitative growth of Indian real estate market and its movement towards next state from the nascent stage.

The course objective is to provide the participants with thorough knowledge and practical skills to plan & execute successful sales & leasing strategies for different types of properties, plan & manage real estate agencies and carry out basic appraisal.

This high impact, industry-driven and employment-oriented program offers both the fresh graduates who intend to pursue a career in real estate and the working professionals, an unequaled educational growth and career advancement opportunity. Further information can be obtained from

Notes to Editor

About the Institute:

IDS National Institute of Real Estate Management (IDS-NIREM) has been established by 'The Industry Development Society for Real Estate', which is a real estate sector development and promotion body. NIREM is planned as a Centre of Excellence in Real Estate Education, Training, Consulting & Research. The institute is mandated to provide degree, diploma and certificate courses in addition to MDPs, Consulting and Research in different areas of real estate.

In addition to Learning & Capacity Development Initiatives, IDS-NIREM, aims to develop benchmarks for real estate sector, provide with comprehensive market data to end-users, retail & institutional investors and other stakeholders, facilitate simplification of asset acquisition and investment process, promote adoption of international standards including the financial and other disclosure norms, best practices and corporate social responsibilities etc.

IDS National Institute of real estate management is India's first real estate institute that offers courses in real estate in the following areas:

1. Commercial Real Estate
2. Real Estate Finance
3. Real Estate Sales & Agency Management

Apart from the above, Post Graduate Diploma courses in real estate management, development, real estate marketing, real estate finance, real estate investment, valuation & appraisal etc shall be introduced in next few months. These courses are aimed at developing potential candidates for different careers in real estate. A unique feature of IDS National Institute of Real Estate Management is that it provides a platform to start career in real estate to both-the fresh graduates and the experienced professionals already working in real estate and/or allied sectors.

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