Real Estate sector is most renowned sector in the world. After Agriculture, Real Estate industry is the 2nd largest employer industry in India. India economy is expected to grow faster in next decade and this industry is contributing 7.8% in the country’s GDP. India is providing much-needed infrastructure to the industry. In addition, availability of proper infrastructure, Retail, Commercial and Hospitality real estate are growing briskly. For investment, Mumbai is the best city in India with return of 12-19 %( in next 5 years) followed by Bangalore and Delhi (NCR). Development of IT, consultancy, retail and e-commerce sectors raised the demand of office space in India. In addition, Delhi (NCR) is the biggest office space market in India with 88million sqft occupied out of 110 sqft.
JLL is a financial, professional service and investment management company in Real Estate. JLL is one of Fortune 500 Company with rank #436. JLL is Chicago based firm declined toward commercial real estate sector. Furthermore, JLL has global presence in more than 80 countries.
JLL and NMIMS
Jones Lang LaSalle (JLL) is a financial and professional services firm that specializes in commercial real estate services and investment management. NMIMS is one of top-10 B-schools in India with legacy of 34 years. Leading players in their own domain partnered to offer specialized course in Real Estate Consultancy & Transaction Services. The course is designed and integrated into 5-year MBATech program. Course will be delivered through MPSTME, Technology Management School of NMIMS.
Dr. Sharad Mhaiskar, deam of MPSTME NMIMS said “This co-created management programme will enable our students to differentiate themselves within the industry and assume growth-oriented roles in this sector. We are excited to launch this specialisation with an aim to provide them with the skills for successful careers in real estate.”
Anuj Puri, Chairman & Country Head, JLL India said, “It is essential for candidates, who intend to work in this sector, to possess industry-specific skill sets, which this innovative and highly customized.”
Real estate industry in India is one of the largest industry and is still unorganised. JLL and NMIMS together step forward to organise the unorganised industry and to provide skilled people to the industry. Today, almost full industry is ruled by the people who have no education background in the real estate field. It is the need of an hour for such specialised course in country like India. Furthermore, it is crucial for the person working in this field to have industry skill-set. It is expected to see a remarkable change in real estate industry in the next decade.
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