Bridging the skill gap in India’s Real Estate sector

MPSTME and JLL, India partner to offer sector specific, job ready management programme specially designed for the Indian Realty sector.

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NMIMS Mukesh Patel School of Technology Management & Engineering has today announced a strategic partnership with JLL, India’s largest and leading Property Consulting Firm MPSTME. With this initiative the collaboration will offer a new field of specialization in “Real Estate Consulting and Transaction Services” to its Technology Management students. The courses in this specialization will be co-designed and delivered as a part of the MBA (Tech.) program, which is a 5 year integrated program.

With about 7.8% contribution to India’s GDP, the real estate sector plays a vital role in driving the Indian economy forward. It is also the second largest employment generator in the country and is fast receiving greater prominence resulting in better job opportunities. This sector is expected to demonstrate significant growth over the next few decades, driven by various government initiatives, specifically around the Real Estate Regulatory Act (RERA), setting up of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). More importantly, with India moving up the rankings in the recent JLL Global Real Estate Transparency Index due to the various initiatives of the Govt. the industry promises to experience unprecedented growth in the years to come.

Dr. Sharad Mhaiskar, Dean of NMIMS’s Mukesh Patel School of Technology Management & Engineering, said, “We are excited to launch this specialization in partnership with JLL India, with an aim to provide students with the right skill sets and prepare them for the thriving Real Estate sector. I am confident that this co-created management programme will enable our students to differentiate themselves within industry as well as prepare them for growth oriented roles within Indian Realty This initiative matches well with the vision of the Technology Management school of NMIMS”.

Anuj Puri, Chairman and Country Head of JLL India, quoted, “As industry leaders, it has been our constant endeavor to identify path-breaking solutions to our sector’s evolving demands. It is essential for candidates who intend to work in this sector to possess industry required skillsets and this innovative & tailored specialization intends to provide the same. We are also hugely excited to extend scholarships and placement assistance to meritorious students emerging successfully from this program”.

This Corporate – Academic initiative is also in line with the present Government’s focus towards the Skill India Programme, to provide ample opportunities to appropriately train to take advantage of the demographic dividend and address the lack of high quality, formal institutional academic programmes and pedagogy for the Indian Realty sector.

Most of these skills have been historically acquired through “on-the-job” learning. It is for the first time in India that such a unique specialization is being offered to students to make them market ready. With NMIMS’s academic strength and JLL’s industry expertise, this management course is poised to become the barometer of academic rigor and certification for Indian Realty.