Career in real estate management good option to choose

THE REAL estate industry is one of India's most dynamic sectors. This sector has witnessed several new developments in India. Activities in the real estate business cover various categories such as development, appraising and selling of buildings. Careers in real estate development spans various areas such as residential brokerage, commercial brokerage, industrial and office brokerage, property management, land development, real estate appraising, urban planning, real estate counselling and real estate research.

Land development:

Developers use 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 sell and buy homes and income-producing properties. The property managers maintain the property to produce the highest possible financial return over a long period of time.

Real estate agents and brokers will experience massive employment growth in the coming years due to the increasing housing needs of a growing population, as well as the perception that real estate is a good investment. Low interest rates will continue to stimulate sales of real estate, resulting in the need for more Indian professionals in the national and International market.

Types of careers in real estate:
1) Careers in residential brokerage
These professionals help people buy and sell homes (one of the most important and basic services a real estate agent performs). They need to have thorough knowledge of areas such as real estate law, local economics, fair housing laws, types of financing, mortgages and government programs.

2) Careers in commercial brokerage
Commercial brokers specialise in income-producing properties, such as apartment and office buildings, retail stores and warehouses, shopping centers and industrial parks. Commercial brokers may also have to arrange financing.