Infrastructure and real estate management is the application of the different management principles on developing real estate. Real estate management essentially deals with surveying of the land, acquiring land, estimating the cost, planning of the construction, hiring of the labour, project management and regulatory processes. The field is not limited to simply constructing commercial and residential buildings. It also covers constructing public structures like roads, canals, bridges and dams.
Read more: Construction Management Course Details and Career Scope
Infrastructure and real estate management trains the candidates in different areas like:
- Finance management
- Project management
- Estimating the cost
- Regulatory processes
- Planning of the project
- Business laws
- Real estate markets
MBA in Real Estate and Infrastructure Management
This is a specialization program that mainly focuses on the areas like real estate management, construction finance, business communication, organizational behaviour, marketing management, computer application, and project management and so on. The post-graduate degree course is for duration of two years.
The main role of a professional with this degree is to manage the different interactions between the stakeholders in an infrastructure project. The professionals depend on the skills that they have learned during their postgraduate degree like finance management, data management, accounting skills, marketing and so on.
Institutes offering this course:
- IIM Kolkata
- IIM Ahmedabad
- IIM Bangalore
- ISB, Hyderabad
- IIM Lucknow
- Xavier Labour Relations Institute, Jamshedpur
One must have passed their Bachelors Degree from a recognized university.
The average course fee is Rs 4 to 8 lakhs.
The reputed institutes who offer this course depend on the merit based admission. The marks scored by the students in the management entrance tests like CAT and others are considered. The candidates are then called for interview. After this, the candidates are allotted the seats.
After completing an MBA in this field, one can get jobs as:
- Finance manager
- Project manager
- Planning specialist
The candidates who pursue MBA in Real Estate and Infrastructure Management are recruited by
- Consultancy firms
- Real estate developers
- Construction firms
- Architecture firms
- Infrastructure developers
- Project management companies
The average salary for professionals in this field is Rs 3 to 6 lakhs per annum.
The scope of infrastructure and real estate management is good in India. There is a great demand for commercial and residential buildings. The real estate industry is growing every year. Infrastructure development is very important for a developing country like India. Candidates who have skills and proper knowledge in this field will get ample job opportunities in the real estate and infrastructure industry.
Read also: Career Guide for Water Management