NIREM takes initiative to develop human resource for Indian Real Estate

With the meteoritic growth in real estate sector during last few years, the property and real estate business became more complex in structure and more international in scope, which created the shortage of trained real estate professionals. This shortage of trained and competent real estate professionals highlighted the need for specialised real estate education in India. In addition, now at the taking off stage when real estate in India has again started moving up, Indian real estate requires people who have very strong professional skills across the spectrum of property business, for example, at present the property and real estate business in India requires not a sales manager who has experience of selling everything but a sales manager who has actually studied real estate, knows the fundamentals of property business and is therefore expert in selling properties.

Indian real estate industry leaders including top real estate developers, multinational real estate consultants, housing finance institutions etc have repeatedly aired their concern at the total absence of courses in real estate in India. Infact, there is no system of real estate education in India at all, which is visibly affecting the quality of human resources available to the Indian property market. Also, though real estate is one of the largest employers and there are thousands of vacancies at different levels and in different areas, developers are forced to spend huge time and money on selecting and training candidates from other sectors. Moreover, once trained, these people leave immediately for better opportunities and therefore the cycle of spending time and money on recruiting and training candidates from other sector continues for the developer.

In view of the situation, IDS National Institute of Real Estate Management (IDS NIREM), www.nirem.org, has launched a one-year distance learning Post Graduate Diploma Program in Real Estate Sales & Agency Management (PGD-RESAM), to create a pool of human resource, committed to serve the real estate sector. These trained professionals, due to their commitment and specialization in real estate, will serve real estate companies for long duration, contrary to others who leave as soon as they get next opportunity.

This is the first such specialised real estate sales & marketing course offered in the country. Property market analysts also attribute launch of this specialised courses to qualitative growth of Indian real estate market and its movement towards next state from the nascent stage.

The course objective is to provide the participants with thorough knowledge and practical skills to plan & execute successful sales & leasing strategies for different types of properties, plan & manage real estate agencies and carry out basic appraisal.

This high impact, industry-driven and employment-oriented program offers both the fresh graduates who intend to pursue a career in real estate and the working professionals, an unequaled educational growth and career advancement opportunity. For further information can be obtained from www.nirem.org

India to step up hiring from 2010: Manpower

PTI 8 December 2009, 03:15pm IST


NEW DELHI: India has once again emerged as the most optimistic nation in terms of hiring plans for the next three months and the recruitment pace is expected to return to the pre-recession level in the new year, global staffing services firm Manpower says. 

"There is no more 'cautious optimism' among employers anymore, it has given way to 'definite optimism'. Besides, the pace of hiring will be back to the 2007 level in the next year," Manpower India Managing Director Naresh Malhan said.

According to the Manpower Employment Outlook Survey, India has a net employment outlook -- a measure of recruiting plans -- of 39 per cent for the first quarter of 2010, the highest among 35 countries surveyed. India has been reporting the strongest hiring plans globally since the third quarter of 2008.

India's outlook has improved by 11 percentage points on a quarter-on-quarter basis and by 18 per cent year-on-year.

A sectoral analysis shows that hiring outlook has risen across all sectors. Job seekers in the services, public administration, education, mining and construction, finance, insurance, real estate, and the wholesale and retail trade sector, could look forward to the most favourable hiring environment in early 2010, the survey said.

"The good news is that employer hiring expectations across all industry sectors are improving in the first quarter of 2010, and job seekers in key industry sectors can look forward to the most favourable hiring environment in over a year," Malhan said.  Source: The Times of India; 8 December 2009

'Hiring momentum to pick up in 2010'

Mini Joseph Tejaswi, TNN 26 December 2009, 01:44am IST


BANGALORE: After a long hibernation of 18 months, headhunters are actively out in the market as talent requirements have started trickling in. The hiring momentum is expected to pick up from April onwards. 

Even in a worst scenario, calendar 2010 will create around 50,000 fresh IT/ITES jobs against zero fresh jobs — except a very thin campus hiring — in the previous year. The calendar 2007 had witnessed a bumper hiring at over 3 lakh while the growth got tapered off towards the third quarter of 2008 clocking a total hiring of only 1.8 lakh.

B S Murthy, CEO, Leadership Capital says the new year will usher in recovery and a wave of general optimism across segments. "This means a complete change from the current skeletal and need-based hiring. The large volume-hiring realm (services space) will warm up by the second quarter of calender 2010. A 15% increment in hiring volumes is expected in the first two quarters while the growth could cross 20% or double towards third and fourth quarter."

According to Nirupama V G, MD, AdAstra, requirements will start pouring in like tsunami, HR departments of many corporates have already geared up for large scale hiring after a long standstill. "Normalcy will return to the industry by April. In addition to domestic hiring, India is going to emerge as a huge sourcing ground for global jobs across segments, positions and profiles."

"When we enjoy a vantage position in human resources, talent is still a scare commodity in global markets. The year 2010 is going to be bright year for India in terms of domestic and global placements," adds Mohan Menon, CEO, Sentient Consulting. Source: The Times of India

IDS NIREM News From Kerala

NIREM launched specialised Real Estate Management course

KERALA NEWS carried a news item about IDS National Institute of Real Estate Management and its One-Year PG Diploma in Real Estate Sales & Agency Management (PGD-RESAM).

Industry leaders have also repeatedly aired their concern over the total absence of real estate courses in India, when the real estate business scenario seems to be improving after a period of recession. In response, IDS National Institute of Real Estate Management (IDS NIREM), www.nirem.org, has launched a one-year distance learning Post Graduate Diploma Program in Real Estate Sales & Agency Management (PGD-RESAM). To Read, complete news please vist: KeralaNews

IDS NIREM Supports India's biggest Real Estate Conference and Exhibition

Hi!
This e-mail was sent to you by request from CityScape India: Please click on the following link to read the item:
http://epaper.timesofindia.com/Repository/ml.asp?Ref=Q0FQLzIwMDkvMTEvMTgjQWQwMTUwOA==&Mode=G&Locale=english-skin-custom
Comment: Times of India,
New Delhi
Nov 18, 2009

Distance Learning Programs

NIREM’s School of Distance Learning (SODL) offers a comprehensive range of high impact, industry-driven and employment-oriented distance education programs that meet the actual needs of the real estate sector nationally and internationally.


All the programs have been conceived and planned on the basis of actual demands in the market, which was assessed in consultation with real estate developers, multinational consultants, housing finance institutions, institutional investors, professional managers and various agencies associated with this sector. In addition, all the programs are conceived, planned, run and certified by IDS-NIREM as its autonomous programs and have various components including class room-teaching and/or self-study, assignments, project and field activities. At present, SODL offers the following autonomous and professional programs.

Post Graduate Diploma Courses:

• Post-Graduate Diploma in Real Estate Management
• Post-Graduate Diploma in Commercial Real Estate
• Post-Graduate Diploma in Real Estate
• (With concentrations in Appraisal, Finance, Investments and Marketing)
• Post-Graduate Diploma in Real Estate Sales & Agency Management
• Post-Graduate Diploma in Facilities Management

Diploma Courses:

• Diploma in Real Estate Management
• Diploma in Commercial Real Estate
• Diploma in Real Estate Sales
• Diploma in Facilities Management

Certificate Courses:

• Certificate in Real Estate Management
• Certificate in Commercial Real Estate
• Certificate in Facilities Management
• Certificate in Facility Maintenance

PG Diploma in Real Estate Sales & Agency Management

PG Diploma in Real Estate Sales & Agency Management

Duration: 01 Year
Application deadline: 30 September 2009

Program Introduction:
Before planning for different courses, a consultative meeting was organized with real estate developers, multinational real estate marketing & consulting agencies, housing finance institutions, property consultants & advisors, existing & potential home-buyers etc. During the consultation, the most common observation of problem, in the existing breed of real estate professionals, was the lack of specialised education and skills to sale real estate and to manage real estate agencies. Therefore, this course aims to provide the course participants with thorough knowledge and practical skills to plan and execute successful sales strategies for different types of properties and to manage real estate agencies.

Who is it for?
 Professional working in the area of real estate sales & marketing
 Graduates, Post-Graduates & MBAs planning to start their career in real estate
 Potential entrepreneurs wishing to establish their own real estate brokerage business
 Professionals working in insurance and housing finance sectors
 People working in related fields in allied sectors

Program Objectives:
On completion of the course, participants will be able to:
 Outline the steps involved in selling real estate: developing sales and marketing strategies, completing a purchase and sale agreement, presenting an offer and counteroffer, buyer and seller responsibilities, escrow, title transfer, closing procedures, and closing costs.
 Plan sales and leasing strategies that includes lease provisions & effective rent, tenant mix and placement, broker listing and commission agreements, prospect qualification, retention strategies etc.
 Describe the elements involved in real estate sales transactions including mortgages, deeds of trust, buyer options, points, escrow and settlements.
 Explore the components of agency related laws and brokerage relationship: definitions, roles, client, customer & principal, agency disclosure etc.
 Determine a market price for property that considers supply and demand, appraisals, comparative market analysis (CMA), and other standard methods of property valuation.
 Prepare a valid lease that complies with the rights and obligations.
 Apply the concepts of contract law: legal effects of contracts, essential elements, law of limitations, contract termination, and contract default to real estate sales transactions.
 Manage a real estate sales business including business financial planning and budgeting, business licensing, staff recruitment, selection, training and supervision.

Eligibility for admission:
 Bachelor’ degree from a recognised University.
 Work experience in sales shall be preferred, though not mandatory.
 Should have good command over written and spoken English.

Applicants from outside India (English Language Requirement):
 Should have completed atleast three years of full-time academic study in English medium Or,
 Should show evidence of a sufficient oral and written command of the English language through the English language test organized by the institute Or,
 Should have TOEFL paper-based score of 513 or Internet-based score of 65 (minimum) or IELTS score of 5 (minimum).

How to Apply?
The Application form and prospectus can be obtained from the institute by sending a sum of Rs.250/- through a Demand Draft drawn in favour of ‘Industry Development Society for Real Estate’ payable at NOIDA. Please write your name, address and contact number on the back of the DD. Application form can also be downloaded from www.nirem.org and submitted along with DD for Rs.200/- drawn in favour of ‘Industry Development Society for Real Estate’ payable at NOIDA. Your request for application form and prospectus or downloaded application should be sent to the Registrar, IDS-National Institute of Real Estate Management,

Selection Procedure:
Students are selected by an Admission Committee. Those interested in admission should submit application on the prescribed application form along with the required documents and application fee on or before the deadline mentioned on admission application form. The application and documents should be complete in all respect. All applications for admission are scrutinized and eligibility established on the basis of documents submitted, following which applicants are selected on the basis of merit. The selected candidates will be sent an offer letter following which the program fee will have to be paid within the given deadline.

Press Releasea and News

Press Release:

 Real Estate Sales & Agency Management course launched
 NIREM starts 1-year Real Estate Sales & Agency Management course

Real Estate Sales & Agency Management course launched

IDS-National Institute of Real Estate Management (IDS-NIREM) has launched a 1-year distance education Post-Graduate Diploma Program in Real Estate Sales & Agency Management. This course has been planned in response to a consultative meeting with Indian real estate developers, multinational consultants, HFIs etc during which a common observation was the skill gap in the existing breed of real estate professionals. The problem was attributed to the lack of real estate focussed education & training programs in the country that can train students as per the needs of real estate sector. Participants were of the view that though there is abundance of management graduate, there is complete scarcity of people who have studied real estate management. In order to hire such professionals, most of the industry participants expressed willingness, during the meeting, to sponsor programs in real estate sales and agency management.
Therefore, this professional program was devised to provide the course participants with thorough knowledge and practical skills to plan and execute successful sales, marketing & leasing strategies for different types of properties and to plan & manage real estate agencies. Further details are available at www.nirem.org

NIREM starts 1-year Real Estate Sales & Agency Management course

IDS-NIREM announced the launch of a unique course in Real Estate Sales & Agency Management, which is the first course of its kind in India. The PG Diploma course shall provide the industry with much needed Real Estate Professionals with thorough knowledge of and practical skills in developing sales & leasing strategies for different types of properties and managing real estate sales & agency business.

According to the institute, historically, many individuals who work in real estate have acquired their skills on the job. However, as the business of real estate has become more complex in structure and more international in scope, the industry has recognised the need for specialised education in Real Estate. IDS-NIREM’s one-year distance learning Post Graduate Diploma Program in Real Estate Sales & Agency Management (PGD-RESAM), the first in the country, educates men and women in the full range of skills required of real estate professionals today. The course emphasis is on to provide knowledge and create practical skills to plan and execute successful sales, marketing & leasing strategies for different types of properties and to plan & manage real estate agencies.

The PGD-RESAM program, launched by IDS-NIREM, offers both, the fresh graduates who intend to pursue a career in real estate and those in the real estate profession, an unequaled educational growth and career advancement opportunity. To get further information, visit www.nirem.org

Rolling Admission System at IDS NIREM

NIREM follows the rolling admission system for admission in all of its courses including PG Diploma in Real Estate Sales & Agency Management (PGD RESAM). Therefore, potential applicants can apply for admission into any of its course at any time of the year, which is beneficial to both the students as well as the institute. NIREM recently received several queries regarding the actual meaning of 'Rolling Admission System'. Therefore, given below the definition of this system, collected from various sources:

About.com Guide, Karen Schweitzer, Defines 'Rolling Admission' as follows:
Rolling admissions are a type of admissions policy. Business schools that use a rolling admissions policy review applications as they receive them.

How Rolling Admissions Work
Some business schools have multiple "rounds" or deadlines during the admissions process. Business schools with rolling admissions do not.

How to Deal with Rolling Admissions
When dealing with rolling admissions, it is important to remember that admissions committees will be reviewing applications as they come in. This means the decisions will be made and seats will be filled throughout the admissions process.

If you wait until the last minute to submit your application in a rolling admissions situation, there is a good chance that the majority of seats will already be filled.

Bottom Line
It is always better to submit your application early when you are working with a school that uses rolling admissions.

Wikipedia defines rolling admission as follows:

Rolling admission is a policy used by many colleges to admit freshmen to undergraduate programs. Under rolling admission, a candidate is invited to submit his application to the university anytime within a large window. The window is usually over six months long, and some schools do not have a previously specified end date (the window simply closes when all spots are filled). The university will then review the application and notify the applicant of their decision within a few weeks from submission.

Advantages of rolling admission:
Rolling admission is helpful to both students and university admissions offices, because the process is more mellow and applications do not all flow in at the same time, respectively. Students can finish their application anytime between the summer before their senior year and midway through their senior year and can submit it at leisure, taking the time to carefully review their application and not getting anxious about a nearing deadline. The organization receives applications continuously rather than in one or two bursts and is thus able to spend more time on each application individually.

Collegeconfidential.com defines Rolling Admission as follows:
The idea behind “Rolling Admission” is that it enables candidates to receive an admission decision within a predetermined period after submitting an application. Typically, the decision arrives about two months after the application process is complete and often far sooner.

Colleges without Rolling Admission usually have a specific deadline, and no applications are evaluated before this deadline, no matter how early they are received. All decision letters are then mailed to candidates on the same day, which is generally in late March or early April.

When you apply to Rolling Admission colleges, it is wise to ask several questions. Find out how early you can submit an application and if sooner is better when it comes to getting aid, housing, choices of classes or academic program. Find out, too, if these determinations are based on the date you applied or on the date you accepted the offer of admission. Ask also how quickly you should expect to get your news—good or bad—in the mail and when you need to inform the college of your plans.

Thus, if you apply via Rolling Admission, don't forget to ask admission officials how soon you need to respond, if admitted. Those institutions that do not belong to the CRDA group may insist on hearing from you before you have received all admission decisions. If this is the case, find out if you can get an extension in order to wait for all your letters to arrive. If the answer is no, you might want to consider delaying your Rolling Admission application until the notification date coincides with the notification you will receive from your remaining target schools.

The NIREM Logo

About NIREM

NIREM is the pioneer and leader of real estate education & training in India. It offers online and regular courses in different functional areas of real estate. These courses cater to the educational needs of fresh graduates wishing to make their career in real estate as well as professional development needs of working real estate professionals.

As a specialist in training and development of employees, NIREM helps real estate and housing finance companies enhance productivity and performance of their employees.

In addition to offering real estate education, training & research, NIREM aims to develop benchmarks for real estate sector, facilitate simplification of asset acquisition and investment process, promote adoption of international standards including the financial and other disclosure norms, best practices and corporate social responsibilities etc.

As the knowledge partner to the Indian real estate sector, NIREM aims to inculcate professionalism and promote ethical business practices in this market.To know more about the institute as well as its programs, visit www.nirem.org