With an aim to curb the shortage of skilled resources in real estate, The Confederation of Real Estate Developers’ Associations of India (CREDAI), New Delhi, the apex body for private real estate developers in India has announced two major initiatives — an institute for research and professional studies and higher education scholarships for students who need financial assistance. “The real estate sector lacks professionals who are eligible for the job at the managerial level. This initiative will bring in more individuals at the authoritative level with proper training,” says Lalit Kumar Jain, National president of CREDAI.
The institute will be set up in Ahmedabad. Admissions will open in October 2013 and the classes are scheduled to start from 2014. “The curriculum is specially designed with the help of educationists and other real estate developers with in-depth knowledge of the sector,” he says about the curriculum committee which includes members from across the country. The institute will offer a two-year MBA, one-year certificate courses and other short-term crash courses like weekly training programs for professionals. Jaxay Shah, MD — Savvy Group, Ahmedabad, has donated land and the Kumar Urban Development headed by Lalit Kumar Jain has also given `1 crore for the infrastructure. Their Educational Scholarship Scheme will offer scholarships for deserving students who wish to pursue full-time degree/post-graduate degree courses in civil engineering or management courses related to the real estate sector at any of the colleges or institutes recognised by the AICTE.