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.

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