The real estate industry is a cornerstone of the global economy, comprising four key areas: residential, retail, hospitality, and commercial properties. Its growth is closely linked to the evolving corporate landscape and the increasing demand for office space and housing in urban areas.

Additionally, the construction sector is recognized as one of the top three industries in terms of its significant economic impact, influencing various other sectors directly and indirectly. In India, real estate is the second-largest source of employment, just behind agriculture.

There is a growing expectation that investments from non-resident Indians (NRIs) in this sector will increase soon and beyond. This trend provides a strong incentive to pursue an MBA in real estate management. NMIMS offers such a program, and in this blog, we will explore the details of the course.

What are the unique course offerings?

Narsee Monjee Institute of Management Studies (NMIMS): MBA Real Estate Management

The MBA in Real Estate Management is a comprehensive two-year full-time program designed to equip students with the skills and knowledge necessary for success in the real estate industry. The curriculum emphasises experiential learning through an international study tour, allowing students to gain firsthand insights into global real estate markets. 

Program Structure

Students participate in a two-month summer internship during May and June. They also engage in various live projects throughout their coursework to better understand the industry’s complexities. In the first two terms, students collaborate with organisations on projects that deepen their knowledge of micro markets. During the third term, they shift their focus to project and operations management, visiting sites of various types and sizes. In the fourth and fifth terms, their work centers on financing, while in the sixth term, they concentrate on their specific areas of interest.

Curriculum Overview

This program offers a comprehensive education designed to provide students with a solid grounding in fundamental management principles while developing expertise in specific areas. The MBA program in Real Estate consists of 102 credits spread across six trimesters. and combines lectures, workshops, and internships. 

As a curriculum component, the international study tour seeks to enrich learning and comprehension from global viewpoints. It allows students to observe leading developments in the field, engage with large-scale projects, and learn about aspects such as sales and marketing, design and implementation, and operations across various scales. Additionally, it exposes them to the latest technological innovations, including 3D-printed buildings and smart cities.

Core Curriculum 

Students explore essential business disciplines such as economics, accounting, finance, marketing, statistics, organisational behaviour, human resource management, operations management, and strategic management. Specialised courses cover urban development, construction law, project management, quantity surveying, modern construction techniques, and sustainable real estate development.

Experiential Learning

Workshops provide practical experience in ethical practices, building design, construction safety, and negotiation skills. Internships offer hands-on exposure to the industry, enabling students to apply their knowledge in real-world contexts.

The key components of the workshop curriculum  include: 

• Trimester I:  Six sessions on Ethical Principles and Practices 
• Trimester II: Ten sessions on Building Planning and Design 
• Six sessions on Construction Materials 
• Trimester III: – Ten sessions on Focus on Construction Safety 
• Trimester IV: Discussions on Mortgage and Home Equity 
• Trimester VI:  Workshops on Negotiation Skills and Processes 

Each workshop offers 0 to 1.5 credits and includes 90-minute sessions, providing hands-on experience in essential real estate and construction management areas.

Specialisation and Advanced Topics  

Later trimesters focus on advanced subjects like real estate transactions, financing, and infrastructure valuation, culminating in an independent study and dissertation to showcase expertise. This curriculum aims to equip students with foundational knowledge and specialised skills vital for success in their chosen careers, blending theoretical learning with practical application.

Placement Opportunities for MBA Graduates in Real Estate

Leading companies selected graduates for their esteemed Leadership Programs, such as the Group Management Cadre and the Digital Technology Leadership Program. Additional important roles included positions in General Management, Retail Finance, Business Development, Commercial Leasing, Corporate Strategy, and Analytics. Among those who received job offers, 33% were given Pre-Placement Offers (PPOs) due to their exceptional performance during internships and involvement in national corporate case competitions. 

Below is an overview of the recruiter profile participating in the placement process.

India’s real estate sector is expected to grow significantly by 2025, fueled by a strong economy and supportive government policies. Projected to expand at a CAGR of 9.2% from 2023 to 2028, housing prices in the top eight cities rose 11% year-on-year in Q3 2024, while nationwide values increased by 60% over five years. The market is anticipated to reach $1 trillion by 2030, driven by urbanisation and rising demand for housing and infrastructure. Government initiatives like the Pradhan Mantri Awas Yojana (PMAY) further aid growth. With the industry projected to contribute about 13% to India’s GDP by 2025, pursuing an MBA in real estate management is becoming increasingly valuable.