CREDAI & RICS: Offer Real Estate Courses..!

The CREDAI (Confederation of Real Estate Developers' Associations of India) and the RICS (Royal Institution of Chartered Surveyors) recently announced a joint initiative to address the learning needs of professionals in real estate & construction sectors.

Both CREDAI, the association of real estate developers in India & RICS,a global professional body for built environment would develop joint programmes for real estate / or construction professionals. The duration of these programmes would range from 2 (Two) weeks to 6 (SIX)months which include combination of distance learning & face to face workshops.

On the successful completion of their respective programmes, participants will be presented with certificates by 'RICS Professional Education'.

To begin with, the workshops would be held in Delhi, Mumbai, Bangalore, Ahmedabad & other metro cities, depending on participant enrolments in a particular city.

Some of these programs are in partnership with academic institutions such as The CEM (College of Estate Management), RAC (Royal Agricultural College) & CILI (Cambridge International Land Institute).

The courses have been structured primarily for working professionals. RICS has already been offering specialised educational programs customised for the Indian market, to up skill working professionals at par with international standards.

Amongst many challenges in Indian real estate sector, the immense shortage of skilled professionals leads to delay in project deliveries, cost runs and compromised quality.

CREDAI has therefore taken the lead to ensure development firms upgrade the knowledge & skills of their teams & has partnered with RICS to offer specialised RICS educational programs to its members & their staff.

Mr. Dharmesh Jain, Mr. A. BalakrishnaHegde, Mr. Vijay Mirchandani and Mr. Rohit Raj Modi, Committee Training Cell, CREDAI said,  "CREDAI and its members are at the forefront of building real estate in India. Therefore, we are keen to provide an equal emphasis to our members, as is presently laid on innovation in tools & technology, to also apply to building professional expertise in order to deliver world class projects, which are of the highest quality standards"

As per a RICS research report, there is a demand and supply gap in the range of 82 to 86% in the core professions group comprising of civil engineers, architects & planners which are the foundation of technical skills. It said that to deliver potential real estate space & planned infrastructure, India would need about 40 lacs civil engineers, nearly 3,96,000 architects & 1,19,000 planners on an average, over the next decade.

However the corresponding average supply available would only be 6,42,000 civil engineers, 65,000 architects & 18,000 planners.

Mr. SachinSandhir, MD, RICS - South Asia said, "Although the real estate & construction sectors are key contributors to economy, there is a complete vacuum of education & training options available for professionals to up skill. This partnership is a huge stepping stone to ensure that a majority of industry now has easy & economical access to education and training options of the highest standards, which in turn will help the sector become more professional and efficient."        

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