India's real estate sector has undergone extensive analysis and is considered resilient to economic changes. The Indian real estate business has also experienced sustained expansion. According to Statista, India's real estate market was valued at around $120 billion in 2017 and is expected to reach $1 trillion by 2030. This means that investors expect significant growth in the next few years.
In 2024, the Indian economy shows hopeful indicators, such as a recovery from the recent stock market fall, an expected increase in job creation, and overall economic development. These factors are projected to increase demand for real estate projects as more people enter the market.
With market stability, favourable interest rates, and balanced demand-supply dynamics, 2024 emerges as an ideal year to steer into the real estate sector. Technological advancements and strategic investment opportunities further enhance the attractiveness of the real estate market, making it a prime time for both new and seasoned investors to capitalise on emerging trends. Government policies promoting affordable housing and sustainable development have spurred investment opportunities, while the integration of PropTech innovations like AI, blockchain, and virtual reality is transforming the industry.
This year, the real estate sector is poised for a remarkable resurrection, making it an opportune moment for individuals to enter the field with a professional real estate course. Additionally, the post-pandemic shift towards remote work has redefined residential and commercial property needs, creating new niches for real estate professionals. By undertaking specialised Real Estate courses in India now, aspiring realtors can gain a competitive edge, mastering contemporary skills and insights that align with the current market dynamics and future trends.
Here are some of the emerging trends in the sector that you should be aware of as aspiring new professionals:
Shop-Cum-Offices (SCO) are a commercial real estate type that has expanded significantly in recent years. These are a type of freehold commercial property where the owners possess full ownership of the land and are able to construct retail stores, offices, or both. These markets have experienced phenomenal development, with early investors seeing their cash growing manifold. SCO plots can potentially grant any commercial success, whether it's starting a new business or realising a long-held goal of launching a new restaurant. The Delhi-NCR region has consistently ranked highest among urban areas where the SCO tendency has been most prevalent. With well-equipped technologies, power backup, and roomy setups, a SCO provides all the essential amenities needed to create a customer-friendly work environment and retail outlets. Investors in the market benefit from longer lease terms, better income, and predictable cash flow.
In 2024, the housing market will be dominated by sellers. Prices are expected to rise due to increased demand and limited supply. New aspirants will enter the real estate market for the first time, boosting demand for both residential and commercial properties. As a result, India's real estate market will continue to experience growing demand and restricted supply, cementing its status as a seller's market.
India's coworking market is developing as a result of a thriving startup culture and rising demand for flexible workspaces. As the world's third-largest startup hotspot, India has a high need for coworking spaces, notably in IT, technology, e-commerce, healthcare, and logistics. These spaces encourage collaboration, networking, and cost-effectiveness, making them suitable for enterprises in metropolitan locations ranging from megacities to growing villages.
In the second half of 2024, the Indian real estate market will see a spike in the "Built to Rent" (BTR) segment, spurred by growing urbanisation. It is estimated that 40% of the population will reside in urban setups by 2030. BTR apartments, which provide fully furnished, hassle-free living, are popular with millennials and offer high rental yields to investors. These properties are revolutionising the rental market by providing modern facilities and encouraging communal living.
Smaller cities have recently drawn the attention of investors looking for the next big opportunity. These cities are a desirable option for individuals looking to diversify their investment portfolio since they provide a unique blend of affordability and growth potential.
It is the ideal time to embark on a career in the real estate sector with the support of a comprehensive real estate course. The combination of market growth, government incentives, technological advancements, and post-pandemic recovery has created a fertile ground for real estate opportunities. By equipping yourself with the latest industry knowledge and skills through real estate courses in India, you can position yourself at the forefront of this evolving field, ready to seize the numerous opportunities that lie ahead.
As the real estate industry evolves, it offers attractive salaries, specialised degrees, and a focus on sustainability. Students pursuing a real estate profession today will be well-prepared and are also in high demand, benefiting from the industry's dynamic growth and diverse opportunities. Pursuing specialised courses such as BBA in real estate can provide aspiring professionals with the essential knowledge and skills to navigate the complexities of the market.
From understanding property laws and financial management to mastering project development and sustainable practices, these courses equip individuals with a comprehensive toolkit to excel in various roles such as real estate management, investment analysis, and property consulting. With the right education, one can confidently step into this booming industry, unlocking numerous opportunities for career advancement and success.Here is what real estate courses in India offer today:
The course prepares you for job roles in the real estate sector that do not involve direct construction work. You can even pursue various rewarding job roles in the corporate real estate industry. Additionally, the real estate sector offers significant income potential, with high salaries and substantial incentives.
You will have opportunities to start businesses in sectors such as project development, interior design, real estate valuations, capital markets, finance, marketing, commercial leasing, residential sales, land transactions, and real estate technology.
Real estate courses in India ensure that you possess globally recognised skills and education, enabling you to work in various countries.
These programmes combine technical skills from undergraduate studies with business and commercial knowledge. Offering the skills to become techno-commercial managers, you will be adept at handling both technical and business aspects of projects. You also receive in-depth exposure to real-life business problems and are guided by experienced faculty. You are trained in various business management aspects, including strategy, marketing, finance, legal, technical aspects, taxation, IT, and HR management.
The real estate industry is expected to flourish in 2024, primarily due to rapid urbanisation, rising demand, and good market circumstances. Investing in an MBA or BBA in real estate course now is imperative to get the knowledge and insights required to successfully navigate this volatile market.
A Master’s or BBA in Real Estate from RICS SBE, Amity University, would be an invaluable opportunity for aspiring professionals since it is a prestigious and sophisticated course that gives the necessary skills and expertise. With an MBA in Real Estate and Urban Infrastructure from RICS SBE, you will obtain skills in market analysis, property appraisal, and investment techniques, preparing them for success in the thriving real estate business. Enrol today!
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