Aiming to provide skilled professionals in the backdrop of the RERA – regulated real estate sector environment, Lamrin Tech Skills University joins hands with real estate veteran Vineet Nanda to launch “Steller School of Real Estate” that will offer the first-of-its-kind course “RESEED (Reinforcing Skill Education For Employability Development).”
Vineet Nanda, Chairman, Regional Urban Infra Committee, FICCI and Director, Sales & Marketing, Krisumi Corporation (JV of Krishna Group India and Sumitomo Corporation, Japan) has been honoured as a member of the Board of Management of LTSU, Punjab. Bhaswar Paul, a real estate professional who has been instrumental in curating the course comes on board as professor of practice, LTSU, Punjab.
Vineet Nanda as FICCI Chairman who has worked on various white Papers along with JLL (knowledge partner of FICCI) represented by Akash Bansal, Senior Director and India Lead were working on a white paper to be presented to State Governments to further regulate the industry. The idea being put in the White Paper was to regulate the transactions made in the real estate industry between channel partners and customers. Majority of the channel partners and their team members even those who are registered with RERA do not possess adequate knowledge of RERA. Nor they are well trained to handle the home/office buyers.
Real estate sector has matured and has become much more organized and transparent. As the sector matures, all the stakeholders also evolve and one of the key needs for the hour, therefore, is the upskilling of people involved in the sector.
Speaking on this initiative by the university, Dr. Sandeep Singh Kaura, Chancellor of university said, “RESEED will build a learning ecosystem which is in line with PM Modi’s vision for making India a skill capital of the world by providing global level skills to youth of India making them employable in domestic and overseas market. A highly acclaimed professional team is put into action to actualize this dream to shape into reality. We believe that the Stellers School of Real Estate will play a key role in shaping the future of the real estate industry and we are thrilled to be pioneer in this field.”
Vineet Nanda, Member of the Board of Management of the university, said, “Few people working in the unorganized real estate sphere bring a lot of disrepute to the industry. To revamp the image of the real estate industry, it is essential that the professionals working in the industry are equipped with knowledge of legal and government regulations, soft-skill development, digital and technical domains of the sector. The sales force should be well- groomed and proficient with language skills. RESEED course, curated by industry professionals, has been designed keeping in mind both practical and technical aspects, particularly in a RERA regulated environment. I’m sure that it will herald a new era of transparency and trust led sustainable growth of the real estate industry in India. This first of its kind course will give impetus to entrepreneurship and Hon’ble Prime Minister Modi’s Skill India Mission.”
Detailing the objective of the course from customers’ point of view, Akash Bansal, Senior Director & India Head - Strategic Consulting, JLL India said, “As Indians, one of our largest lifetime investments is always real estate. When small investments in a mutual fund, equities, or insurances are regulated and involve certified experts, then a lifetime, higher value investment in real estate, merits more attention and expertise. RESEED course will enable the brokers/channel partners to gain confidence and position themselves as elite certified professional in this category to help buyers / sellers professionally”.
The school will offer various programs from certificate level to Diploma to degree and postgraduate level. The graduate and higher degree programs shall be offered under Centre of Excellence (COE) whereas Diploma and Certificate level programs under Centre for Specialized Training (COST) and Centre for Vocational Training (COVT) respectively.
This research based real estate education program is envisaged under Centre for Specialized Training under the brand name RESEED. This is the First-of-its-kind real estate industry focused Certificate Level program where Faculty comprises of blend of academic and industry practitioners will train the candidates including young aspirants and working professionals of real estate companies and their channel partner to train them into a whole new crop of real estate professionals to become a high-performing asset to always demonstrate best industry practice.