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Hollistic education in real estate mangement

Thursday, May 10, 2018
By Parth Khatau

Afternoon D&C reporter Parth Khatau speaks to Shubika Bilkha, Director of The Real Estate Management Institute (REMI) about her aim to enskill and provide a proper education to those looking to enter the real estate industry in India

Entering REMI's brand new campus, we were greeted by the smell of fresh paint as we made our way toward's the director's cabin. "We just moved into this campus a few days ago," said Shubika as we settled down for a chat. So how did the idea of REMI come about? "We started REMI around two and a half years ago when I felt nobody was servicing the real estate sector, which has been on the rise," said Shubika.

REMI offers upto 30 programmes in real estate management, including those that cater to technical skills, owner development programmes, project management, financial components and much more. "Our flagship programme lasts for 4 months and is mostly taken up by students fresh out of college, with the average age being between 20 to 24 years," said Shubika. "However, we often have one or two students taking up that course who are between age 50 to 60 and it is great to see as they add a different kind of value to the class," she added. She went on to give a fine example saying, "In our institute in Ahemdabad, we had a housewife in her 50s who did the course to add value to her skills and today is successfully running a business."

Being a prominent name in the real estate sector, offering those who want to enter the industry a formal education, Shibika has taken REMI from strength to strength. "We are aiming to open further in booming markets where most of the jobs are, and in Ahemdabad we saw a great opportunity and tied up with Ganptat University there, where we deliver our courses," she said. "We are looking at Hyderabad and Bengaluru as our next targets where we should open up hopefully this year or early next year," she added.

One of the few skills Shubika feels is important to learn in the real estate sector is the legal side of things. "If you are not well versed with the legal side of things you are as good as not working in real estate," said Shubika. "We make sure our students are all well trained in that department besides others," she added.

The institute also offers courses for those professionals who are in their mid-careers and also those who are in leadership roles and want to upskill. The topics students learn about are project management, feasability, affordable housing, smart cities and much more in the flagship course offered by the institute. The institute also offers an internship programme post the 7 months course or alternatively students can choose to pursue both simaltaneously.

The course is delivered by in house full time faculty and also visiting faculty. "We want to give the students the best possible education and the selection of in house faculty is rigorous," said Shubika. "The visiting faculty are those who are at senior levels in the industry and are a mix of technically sound and educationally driven professionals," she added. REMI has successdully trained around 2,500 students till today with the full time faculty being re-certified every year.

Recently, the institute announced a new initiative called REMI Risers, which is specifically made to offer courses in real estate for women. "We want to encourage the participation of women in real estate," said Shubika. "If you see, the majority of home buying decision (around 70%) in this country are influenced by women. However, they are under-represented in this sector as a whole," she added. "It is strange to have a target audience influenced by women but such few women are a part of the industry."

Shubika, herself is a great example of a female entreprenuer.  "I have done multiple things in my life from financial services to setting up my own ventures here and in the UK besides doing a lot of work in the vocational education field," she said. "I was glad we found funding to start REMI and I have been privileged to be such an important part of its growth from the start to what it is today," she smiled.

The courses offered range from Rs.65,000 to a lakh depending on their duration and intensity. The flagship course costs Rs.84,500. "We also have a lot of workshops that the students can choose to be a part of," said Shubika. The institute offers a special concession for students whose family income is less than 5 lakh per annum.
The Real Estate Management Institute- REMI is a leading institute that provides certification programs, executive courses and customised training workshops specially designed for the Real Estate industry. REMI has tied up with 320 corporates, has conducted 30+ corporate programmes, with 180+ visiting experts.

REMI courses are aligned with the ‘Skill India to Build India’ and ‘Digital India’ movement in the budget 2018. As job creation remains the core of budget 2018, REMI holds this perspective from the start and has a 100 per cent placement record, thereby paving the way for industry development through its programs that enhance the skill set of new entrants and professionals in the real estate sector. REMI offers an international curriculum that trains students and professionals in global best practices through its collaboration with The Institute of Real Estate Management (IREM®), USA and The Project Management Institute (PMI), Mumbai.

REMI also offers real estate programs in Ahmedabad through collaboration with Ganpat University, a leading university in Gujarat, ranked among the Top 15 Private Universities in India’s Best University Survey 2017by India Today and ranked among India’s Top 200 Universities in the NIRF Rankings 2017 by the Ministry of HRD, Government of India. REMI is the Preferred Education Partner of CREDAI - MCHI, the most prominent and recognised body of Real Estate Developers in Mumbai and the Mumbai Metropolitan Region.

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