RICS to Train Manpower for Indian Real Estate

The need for skilled manpower has of late been felt more acutely by real estate developers in India as the industry matures to a USD12 billion size market.

While some developers like Trammel Crow Meghraj and the Hiranandani
Group have taken steps to train their recruits, others are still
exploring trained manpower.

Tapping the current and future market for skilled talent in
real estate in India, the Royal Institution of Chartered Surveyors
(RICS) of the UK has expressed an interest in setting up a base
in India.

The organisation runs 450 real estate courses worldwide,
which include quality surveying, property valuation and project
management.

RICS proposes to meet the representatives of business schools,
universities and real estate developers in India to customize
courses for the local market. RICS has devised an international
model that has been successful in developing economies.

Property developers and consultants in India need be trained
to meet global standards. The market for these is huge, considering
the 7,000 strong workforce employed by just 5 international property
consultants operating in India.

As these consultants prepare
to treble their manpower, and the industry at large estimated
to grow at 30%, training services by RICS would be welcomed.