Managing Effectively in Real Estate Firms 
Last date for registration: 04 Dec, 2015
End Date : 16 Dec, 2015
Early Bird Discount Date : 23 Nov, 2015
Residential Early Bird Fee(excluding GST) : Rs. 61,750
Non-Residential Fee(excluding GST) : Rs. 57,500
Non-residential Early Bird Fee(excluding GST) : Rs. 54,625
Management in most real estate firms have remained owner-centric despite years of robust growth. While some owners choose not to delegate for fear of losing control, many are unable to do so because of lack of right talent. Moreover, unlike in other growing industries such as IT and Manufacturing, they cannot tap into a wide array of readily available managerial talent as the domain knowledge and the ability to manage under stringent regulatory and operational constraints are unique to this industry.
So how then can real estate firms grow without being dependent on owners for all their decision making? How can aspiring managers from other industries take advantage of career growth opportunities in this critical sector? The answer lies in training that provides domain context and a holistic perspective of the entire real estate value chain for mid-level professionals, who otherwise would be operating within functional silos.
Programme Overview
The “Managing Effectively in Real Estate” programme is designed by the Real Estate Research Initiative at IIM-Bangalore to provide mid-level managers with a broad perspective of the main functional areas of management with special emphasis on how they apply in the real estate sector. The focus would be on developing the ability to think strategically and be able to take decisions with full awareness of how they impact the broader firm.
The primary objectives include:
- Developing a holistic view of the real estate value chain including key issues facing Indian and global real estate firms
- Learning to identify, evaluate and solve issues using analytical tools in different functional areas
- Understanding innovation within and outside real estate sector
The programme will also leverage concepts and best practices from other sectors to stimulate thinking and discussion
The programme will be structured through the following 5 modules.
- Overview – understanding the real estate value chain including challenges and opportunities at various parts of the chain.
- Functional area expertise – understanding key issues and approaches of various functional groups within a real estate organization including Construction, Finance and Operations.
- Project management – learning how to manage projects using globally accepted best practices
- Analytics – learning how to use data and analytics for improving operational and strategic decision making.
- Ethics – learning the importance of ethics in real estate and how ethical approach can be beneficial in the long run.
Mid-level managers with at least 4-10 years of experience in the business of developing and selling real estate
The instructors will use a mix of lectures, cases and analytical exercises to bring out the main themes of the programme. Participants will be encouraged to share their experiences and viewpoints to promote learning from each other.
Dr. Venkatesh Panchapagesan heads the IIMB-Century Real Estate Research Initiative (IIMB-CRERI) at the Indian Institute of Management, Bangalore, and is a Visiting Faculty at the Stern School of Business at New York University. He is currently India’s sole academic representative in the advisory committee for World Economic Forum’s Initiative on Real Estate.
Venky has more than 20 years of experience in academia and in global financial services industry. Prior to joining IIM-B in September 2011, he was with the world’s largest hedge fund, Bridgewater Associates, where he was the global currency trading strategist and led efforts to revamp trading and research analytical infrastructure. He has also worked with Goldman Sachs Asset Management in New York between 2005 and 2008 overseeing trading research for their quantitative hedge funds. Venky was a Finance Professor at the Olin School of Business at Washington University in St. Louis from 1998 to 2005 and has published extensively in top peer-reviewed academic and practitioner journals of the world. He was also invited to be the NASDAQ stock market’s economist for 2002-03.
Since 2012, Venky has been leading the effort on creating India’s first scientific research initiative on India’s growing real estate sector through IIMB-CRERI. In a relatively short span of 2 years, the initiative has created several innovative content including India’s first home buyer sentiment survey as well as a crowd sourced market data portal to tackle opaqueness in the real estate market. In addition, IIMB-CRERI has been leading in the effort to create data and academic research and is now involved actively in helping the Government improve its land revenues through better real estate valuations.
Aside of real estate, Venky is also actively interested in the design and regulation of financial markets, performance of financial intermediaries such as mutual funds and the history of the Indian stock market. His work on algorithmic trading and Indian business group owned mutual funds have won competitive research grants while his work on the US Bankruptcy process has won the Best Paper award in a leading academic conference. He is currently working on a primer on the Indian financial markets from an academic perspective as well as on creating an index of Indian stock market performance (prices, dividend yield and equity premium) going back to the 1800s.
Venky sits on several of the Board’s Oversight Committees at the Bombay Stock Exchange (BSE) and Indian Clearing Corporation Ltd (ICCL). He has been cited in leading global financial media such as the Wall Street Journal and the Financial Times as well as leading Indian media outlets such as the Mint, Economic Times, Business Standard, Financial Express and the Hindu Business Line. He is certified in India as a Chartered Accountant (Silver Medalist, All India 2nd Rank) and a Cost Accountant (All India 5th Rank), and holds a PGDM from IIM (Calcutta) where he was also the batch’s Silver Medalist. He holds a Bachelor’s Degree in Commerce from R.K.M. Vivekananda College (Chennai).
Contact Details
Phone: +91-80-2699-3349
Email: venky.panchapagesan@iimb.ernet.in
Programme Charges*
Residential: Rs. 65,000/-(subject to availability of rooms on campus)
Non-residential: Rs. 57,500/-
Early bird cut-off date: 23-Nov-2015
Residential: Rs. 61,750/-
Non-residential: Rs. 54,625/-
Please Note * Please add service tax at prevailing rates to the programme fee. Group discount (10%) may be availed for a group of 5 or more participants from an organization for a programme, on upfront payment before the start of the programme.
All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme. Kindly do not make your travel plans unless you receive the letter from IIMB.
A certificate of participation will be awarded to the participants by IIMB.
Registration
Please logon to IIMB website www.iimb.ac.in/eep for registering online. Do feel free to get back to us if you should have any clarification.
Executive Education Programmes
Indian Institute of Management Bangalore
Bannerghatta Road, Bangalore 560 076
Phone: +91 - 80 - 2699 3264 / 3475
Fax: +91 - 80 - 2658 4004 / 4050
E-mail: openpro@iimb.ernet.in