St Xavier's, Credai launch realty course
The course would cost Rs 15,000 for six months. According to P C Mathew, principal of the college, "Over 300 universities and colleges in the US have proper real estate management programes on offer and sufficient literature and reading materials as well as other resources like video tapes, audio visual presentations available globally. However, very little is available in our country in Indian context. We therefore, felt the need to launch this program." |
The first batch comprise 15 students, 60 per cent of whom are already employed with some real estate company or the other.
"As Credai is a consortium of real estate developers, we will be able to share our hands-on experience with the students, thereby fulfilling the industry-academia gap, if any," pointed out Pradeep Chopra, chairman and managing director of P S Group and president of Credai Bengal.
"Every builder today has 15 times more volume of work than what it used to be five years back. However, there is an acute shortage of trained manpower in real estate sector. Hopefully, this course will help bridge that gap," Chopra pointed out.
According to Ministry of Urban Development, Indian urban population is likely to grow from 40 per cent to 60 per cent over the next 15 years, creating am employment opportunity for about 52 crore Indians below 25 years.
At least 230 crore sq ft of housing and 50 crore sq ft of retail and other support service space will be required for the information technology sector alone.
Over 1,000 shopping malls will be needed to just keep pace with the growing retail sector in the next five years.