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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