The RE sector still faces several challenges in scaling up and streamlining the supply chain and operations. While this is way better than the previous decade, there’s a strong ask from the industry as a whole to get more and more professionals on the job. As an academic Institution of repute, we are uniquely placed to not just draw from the RE sector but also from across sectors and industries to bring in best practices. This is both across the builder community and resident management and operations in apartments and flats.
Leadership Program:
In the current set-up, we are already running Senior Management as well as Mid-Level Management programmes to train future leaders in the sector. This is facilitated by the CREDAI. We have dedicated programmes for the industry, government through public policy programmes and RE-specific electives for our MBA students. These include specialisations like RE finance, RE valuation, etc., in the Indian context and scenario. The courses are aimed to help builders and the sector in general to brace up to nuanced realities like liquidity crunch, managing resources, opportunity costs, reduce time overruns, etc. Further, given the dearth of funding post RERA, GST, etc., these courses help the sector players evaluate the best funding options and the right returns for that funding.
The Apartment Governance Essentials (AGE) Program
With the growing number of community living set-ups, we felt a need to facilitate a professional program for the community managers, also called the Management Committees (MCs) of the Resident Welfare Associations (RWAs). These associations are mandated to run voluntarily without any remuneration for the MC members. Given this, it becomes challenging to attract talent, notwithstanding the thankless jobs that they need to undertake. IIMB-RERI, in association with the Bangalore Apartment Federation (BAF), has undertaken to professionalise the RWA MCs with a 4-day intensive training program. Two (2) batches of ~25 MC members each have completed the training. Training modules include:
Other miscellaneous topics of the way forward, expectations in the coming times, etc., are also covered. The response was tremendous, with a demand for more such programmes for other cities as well.
Internships
IIMB-RERI actively engages in student internship programmes where students from leading schools of built-environment work on various real estate and policy-related projects at RERI. Most interns trained at IIMB-RERI are consistently placed in leading consultancies of the world like Deloitte, JLL, CBRE, etc.
