“Real Estate is gradually growing and becoming one of the most rewarding career options. With a gap of 44 million core professionals, this is the best time to hit to hit the lucrative sector with all vigor”- Times of India.
Nowadays, this real estate business can be taken as one of the most lucrative, profitable career option. Although, a few years back India was really lacking behind even compared with many developing countries, but now, at the present scenario, this Real Estate business is getting its popularity immensely. So, those who are really frustrated and confused about their future career option for them it can definitely proved to be fruitful. This article is going to highlight various dimension of this real estate business as a career. We are going state on the various courses which you required for starting a successful career in this business, and also what are various institutes are there who offers courses on Real Estate.
What Is Real Estate?
Real Estate is actually a business term which implies any transaction that is being done on land that can either be buying or selling of the land or providing rent on that land. Land or property is the most profitable and long term asset. As the time will goes on, the price of the land will increase more and more. Nowadays India is getting industrialized naturally; demand for land is increasing in an alarming rate. Now, there was a convention that this business was not transparent, there were various behind-acts which gives a bad notion regarding this business, but now, professionalism making this business more transparent.
Real estate as a career and its future prospects:
Many professional Real Estate Companies are involving themselves in this business as a result of which they require professionals. Due to this reason this business have a high academic prospect. Many institutes are there who provide courses on real estate. In this course you will get a thorough knowledge about stock market dynamics, real estate and infrastructure, property management, ethics in real estate, real estate finance, and enhancement techniques. It also throws light on some of the legal aspects like real estate law, local economic, housing law.
Career fields in Real Estate:
Residential real estate broker: The broker plays a very vital role. They usually deal with the properties of the individuals and they act as an intermediate and bridge up a connection between the buyer and the seller. They carried on with the procedures of the broking. They are the highest paid agent.
Commercial Real estate broker: from the name itself you can guess that they actually deal with the commercial business that means they deal for industries, offices, shopping malls etc.
Real Estate Appraiser: Real estate appraiser actually analyze the market value of the property as well as assessed the value of the investment done by the investors or promoters and also the tax value.
Real Estate investment Consultant: these consultants of a real estate group actually give advice to the investors and suggest for the best investment plans.
Project development experts: they usually give advice for the proper planning regarding the various projects on the real estate or buildings to the developers.
Land Developers: these land developers usually go for buying large area and go for constructing buildings and residential.
Urban Planners: They go for survey of the town or city to analyze the present scenario of the place and then go for further planning regarding the betterment of the urban life.
Thus, reading these career prospects on real estate you can go for various courses on this. Some of the best institutes are Akruti Real Estate Institute, Indian Institute of real estate, and IILM Institute for higher education. So, this real estate career can definitely raise you career graph.