Career in Real Estate Management

Published On: 28 Jun 2012

 | Last Updated On: 04 Jul 2012

Real estate industry is one of the flourishing and dynamic sectors in India. Activities in real estate business cover various categories such as development, appraising and selling of buildings. Property and estate sector is a profitable business for many investors these days. However, to oversee the chores of the operation, it requires the professional expertise of a real estate manager. These professionals help to coordinate all financial and administrative operations of real estate investments. Main duties of these managers are invested with duties of collecting rent, refunding security deposits, showing properties to prospective tenants and adhering to community guidelines. Other responsibilities for a property manager include employing contractors/laborers for maintenance of all infrastructures.

Course Details:

To start a career in property and real estate management the minimum qualification is MBA (Real Estate Management) which is offered by several institutes in India. There are several postgraduate diploma and certificate level courses available throughout the country. For MBA (Real Estate Management) the basic eligibility is graduation. Candidates seeking admission into this course have to go through a written test, group discussion and personal interview.

Career Prospects:

Job opportunities in real estate development can be availed in commercial banks, insurance companies, saving associations, consulting firms, mortgage bankers, property management firms, real estate developers and residential and industrial brokerage offices. Numerous job opportunities are also available in related services such as landscaping, electrical installations and plumbing. A Real Estate Manager can work independently in daily operations, or serve as part of a real estate management team as a liaison. Some property manager may also serve on real estate management boards to work with projects concerning financial planning, asset management, and resident regulations. Besides jobs in civic groups, real estate sales and marketing firms and cooperatives are also open to these professionals.

Remuneration:
Graduates can earn around Rs 20,000-25,000 per month initially . An assistant property manager can expect to make Rs.40,000-50,000 per month. On the top level, a real estate manager can earn a salary of 70,000-1 lakh per month.

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MBA Colleges in India

Jaipuria Institute of Management - Jaipur Campus

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Jaipuria Institute of Management - JIM

Jaipur, Rajasthan, India

Jaipuria Institute of Management (JIM) , Jaipur spread over an area of 5.12 acres of spanning lush green lawns and with most modern infrastructure is the third modern management institute (after Lucknow and Noida) promoted by the house of Jaipurias, a leading...

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Jaipuria Institute of Management - Noida Campus

Noida, Uttar Pradesh, India

The House of Jaipurias is a recognized name in the industrial world. Led by Shri Sharad Jaipuria, this industrial group (Ginni International) is a leader in the field of textiles. The Jaipuria Charitable Trust / Integral Education Society runs various reputed...

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