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The Indian real estate sector has been maturing steadily especially with the renewed regulations and incentive schemes on offer. There is a healthy demand for office and residential spaces, and it will remain one of the most dynamic and globally recognised sectors in India.

The sector can be broadly classified into housing, retail, hospitality and commercial (also industrial/logistics). Cities like Mumbai, Delhi NCR, Bengaluru and Hyderabad witnessed a healthy demand for all four, and the pace is picking up in Tier II and III cities as well.

While Mumbai and Delhi NCR have always been favoured property investment destinations for Indian residents and NRIs alike, it is the new markets of Bengaluru, Pune, Chennai, Kolkata, Dehra Dun, Goa, Kochi, Hyderabad and Ahmedabad that have been offering attractive opportunities for first and second/holiday home buyers and short- and long-term investors; there is also the added benefit of saving on taxes.

Luxury real estate is booming and developers are gladly catering to the demand with exclusive properties, abundant with ultramodern amenities and a view to match. Cost is not a factor and it is all about location and living in the lap of luxury.

While some home buyers know exactly what they want, many want to window shop before they settle. And that is where efficient, resourceful and competent real estate professionals come in.

One of NMIMS’ recent initiatives — the two-year, full-time, six-trimester PGDM Real Estate Management programme — grooms managers and leaders who understand the sector, its dynamicity and complexity. Eligibility for the course includes a Bachelor’s Degree in Civil/Mechanical Engineering, Architecture; or a Bachelor’s degree from a recognised University with two years work experience in real estate. Candidates who have appeared for their degree examination are welcome too.

Students are exposed to a series of learning experiences including an overseas study tour for an international perspective, multiple aspects and stages of mega projects, sales and marketing, design and execution, operations of multiple scales, the latest technological advancements such as 3-D printed buildings, and a paid internship in month three of the programme — all leading to turning out real estate professionals with leadership and management skills.

Dr. Ramesh Bhatt, Dean and Provost – SBM NMIMS says, "The programme prepares the students to achieve long-term stability and growth in the unpredictable real estate marketplace, which is the need of the hour.”

After graduating from the innovative course, a student could choose to be a Project Manager, Real Estate Marketing Strategist, Property Valuation Professional or Facility Management Professional. They could also build careers in financial institutions, architectural firms, legal firms, valuation companies and international consultants or set up their own start-up.

The Narsee Monjee Institute of Management Studies (NMIMS) was established in 1981 to meet the growing demand for management education and in 2003, was declared a Deemed to be University.

With a legacy of 40 years, NMIMS is one of the top-10 B-schools in India, and has emerged as a multi-disciplinary, multi-campus University with 17 constituent schools that include Management, Family Business, Engineering, Pharmacy, Architecture, Commerce, Economics, Law, Science and Liberal Arts, among others. NMIMS also has nine Centres of Excellence.

NMIMS has more than 17,000 students and about 750+ full time faculty members; 10 faculty members at the University are Fulbright and Humboldt International Scholars.





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