Role of MBA in Real Estate Management in society

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Real estate refers to the property consisting of land and buildings that cannot be easily moved and the ground they are built upon. In commercial or in terms of business, Real Estate Management refers to the operation of property as a business that includes rental collection, maintenance and so on. The various real estate management tasks are basically accounting and reporting, leasing, maintenance and repair, payment of taxes, rent rate, acquisition and disposition, financing, income tax accounting and so on.

MBA in Real estate management as a course is fast rising in demand among the youth of our country. Several colleges in the nation are providing students with this course. The due credit goes to the booming development of the real estate industry in the country which has grown by leaps and bounds over the past few years. In fact, the industry is at present placed third among all in India. Business opportunities are also up for grabs in the property sector with its blending with the corporate scenario. National and multinational companies are into huge investment in the country’s real estate sector which has resulted into rise in necessity of business entrepreneurs in the industry.

Courses like MBA in retail management train and transform individuals into competent property managers, associates and of various other ranks. In order to see the country rise in ranks in the global scenario in this industry, the industry needs able and successful brains who can organize and strategize the real estate sector. The importance of the property sector in society is relevant and known to us all. The role and impact of such oriented courses are thus beneficial to the industry like no other.

 
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