Career in Real Estate Development

Soucre: indianedu.com

Real estate industry is one of the flourishing and dynamic sectors in India. This sector has witnessed several new developments in India. Activities in real estate business cover various categories such as development, appraising and selling of buildings. Real estate brokers and agents have prominent employment growth in India because of increasing housing needs. Career in real estate development covers various areas such as residential brokerage, commercial brokerage, industrial and office brokerage, property management, land development, real estate appraising, urban planning, real estate counseling and real estate research.

Land development is one of the most significant specialties in real estate industry. The developers use the empty land to build government buildings, industrial buildings, commercial offices, residential townships, multiplexes, factories, hotels and restaurants, entertainment centers and shopping malls. The residential and commercial brokers help the people to sell and buy homes and income-producing properties. The property managers maintain the property so that to produce the highest possible financial return over the lone period of time.

Real estate appraisers evaluate the property for tax purposes, book value for accounting purposes, investment value for potential investor and rental value for income projections. The urban planners work with local government to anticipate the future growth of the city. The main task of real estate counselors is to give advice about property. 

There is a constant need for the employees in government agencies and private firms related to appraising, developing, merchandising and financing residential, industrial and commercial real estate. The real estate sector is the second biggest employment generator in India.

Real Estate Job Opportunities

Several subsidiary industries are dependant upon the real estate operations. Numerous jobs are available in related services such as landscaping, electrical installations and plumbing. Job opportunities in real estate development can be obtained in the commercial banks, insurance companies, saving associations, consulting firms, mortgage bankers, property management firms, real estate developers and residential and industrial brokerage offices. 

To get good jobs in real estate development, the candidate should have good academic background. The candidate with professional diploma or degree in real estate field, good interpersonal and communication skills is preferred by the employers.