However, unlike several other professions such as accountancy, medical and insurance, real estate as a career option has poor image, given the lack of professionalism that the industry exhibits. The absence of adequate educational infrastructure and excessive dependency on government agencies has resulted in a dearth of qualified practitioners, which to a large extent has curtailed progressive thinking, sustained industry dialogue, public private partnership and technical know-how.

Lack of clarity around real estate qualification is further tarnishing the reputation of the sector and undermining India’s corporate competitiveness. Gradual reforms, talk of establishing a regulatory body and exposure to international standards and best practices are now encouraging the real estate and construction industry to address the challenges to educate professionals in order to achieve the level of competence and professionalism as exhibited by counterparts the world over.

Over the years, various professions have felt the urge to develop and extend the principle of recognition through qualifications. This allows professional institutions to develop specialized education and training frameworks that will provide a strong foundation towards ensuring the highest standards of professional etiquette, integrity and practice.

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