Real Estate Education for Property Markets in India

Anil Kashyap and James Berry

ERES from European Real Estate Society (ERES)

Abstract: Real estate has historically been viewed as a local phenomenon. However, globalization of the real estate industry is now a fact of economic life. The emergent middle-class in Asia tend to boost demands for residential and retail providing opportunities for real estate sector. Globalisation of real estate has offered a great opportunity for international property professionals to extend the range of their professional services in emerging markets. This requires specialist knowledge of local markets such as lease structures, different methods of ownership, regulations concerning finance and taxation of property etc. In India, most of real estate education forms part of MBA's programme with main focus on finance. Internationally, especially in US, professional education courses primarily tend to focus on domestic issues rather than international case studies. This paper identifies the issues underpinning the need for real estate education for property market in India. Furthermore, this paper highlights the key roles which international institutions and professional bodies could play in provision and development of real estate education in India.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2007-12-01
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