Introduction

While infrastructure and real estate change the appearance of a country, it also provides a wonderful career to a person. Although this area is full of challenges, but also gives high reward. In this field you get the satisfaction of earning a lot of money for yourself as well as doing something for the country.

A career in this field requires all those qualities and skills that are necessary to establish a business. For this, you should constantly keep increasing your contact with people and increase the contact list, this further helps you in increasing business. There should be a high quality selling skill to buy land, plot, flat, house and villa.

During the year 2017, due to the global economic downturn, the Indian real-estate industry touched its lowest point. Many real-estate consultants lost their jobs as a result. But today the situation has changed and the construction industry has regained momentum. The infrastructure industry relies mainly on two things – taking raw materials from coal mines and tar factories to spend on road construction; Take away cement, sand, brick from manufacturing sector to make multi-story. In both these types of industries, money is earned by selling flats, big bridges, commercial space at a price higher than the cost.

Phased process

Generally, students take a course in this field after 12th standard through distance education if they want to run their real-estate business. But to get technical knowledge and work in this field, you will have to get a degree in civil or construction engineering from engineering colleges spread across the country. Apart from technology related jobs, in this field you can start your career with a construction company by doing MBA in Sales and Marketing or International Relations or getting a degree in Business Communications. Depending on the work of different companies, you can start with positions like Sales Manager, Sales Executive, Construction Executive.

Here you must also have knowledge of the following areas:

• Technical aspects related to building and construction
• Monitoring the market prices and news related to houses / plots / lands in different areas.

Tracking the stocks and shares of different companies

Knowledge of marketing, selling and pricing strategies to attract customers

• Large network of share holders and buyers

If you keep your preparation in these subjects, then you can make a special place in this field for yourself.

Debut

If you want to start your own real estate business, you can get raw materials and laborers from the market through your contacts at your risk. Depending on the size of your business, the bank can also give you a loan. Otherwise you can also take a job with a degree in civil engineering.

Is this the right career for me?

If you have the desire and passion to earn more money and if you can work hard 24 hours a day seven days, you can guide the team of builders, consultants, laborers and site managers, then the infrastructure and real estate sector is for you.

As a builder, you have to decide the workers and architecture by buying cement, lime spices, brick and other raw materials. The work of the builder is also to make the old, mortgaged and debated land, plot or house legally correct and sell it. Now the next step comes to sell the property for which you have to be a good coordinator.

Although you will find it a difficult task in the beginning, but on a long term view, it will prove to be a profession for you to earn more money than any other profession. Particularly in India, websites like India Property Dot Com, 99 Acres Dot Com and India Housing Dot Com are providing the facility to buy and sell property in the entire country. These websites simplify the process by becoming a medium between the buyer and the seller. Advertising is another medium to increase business.

What will be the cost?

If you do a civil engineering degree from a private institute in your state, the annual cost will be from 60,000 to 1 lakh rupees. But if you pass any national level entrance examination and enroll in an institute like IIT or Delhi College of Engineering, then the fee will be different.

You also have the option of an MBA in Sales and Marketing and a job in a real-estate agency.

Scholarship

If you are willing to take a loan from a bank, then there is no better option than State Bank of India, which gives you a loan of up to 7.5 lakh. Since it is a nationalized bank, the loan repayment methods are also safe.

Job opportunities

In the infrastructure and real estate sector, you can get posts like Sales Executive, Property Manager, Estate Manager, IT Manager – Real Estate and Professor.

These websites provide many opportunities in the technical field. If you are a civil engineer or an architect, you can still be a part of the construction team. Compared to other field sales jobs, construction sector jobs are more tedious.

On the other hand, in the field of Infrastructure – Civil Engineer, Infrastructure Manager, Store or Warehouse Manager and Inventory Executives.

pay scale

The starting monthly salary of a real-estate sales executive can go from 15000 to 50000 depending on the volume of business brought. If you work in a realty or mortgage department of a bank or private finance company on a commission basis, you can get unlimited income in proportion to building a business relationship.

As a civil engineer, you can start from the position of structure manager in leading companies with a monthly salary of 20 to 25 thousand.

Demand and supply

Demand for civil engineer is less compared to IT, electronics and telecommunication engineer, but once you get into these companies, you can get a very good salary package and you can also get a chance to travel to countries like Japan.

Infrastructure marketing and engineering also involves purchasing new technologies and machines. The supply of engineers is more than the demand in this area.

Market watch

Barring a few exceptions such as the 2009 global economic downturn, the real-estate and infrastructure market is always moving upwards. Everyday thousands of advertisements of new constructions like IT Park, Commercial Space and Group Society are published in newspapers. Construction groups like DLF, Raheja and Hiranandani offer discounts on one, two, three room apartments and villas on a per-square-foot basis to attract customers.

Currently, these groups are providing cheap options for middle-class families in metro suburbs like Mumbai and Chennai.

In view of this, many jobs of Engineer, Architect and Construction Manager are being created.

International performance

Big builders like Raheja and Hiranandani use new machines, activities and advanced technologies in building buildings and IT parks. Take the skyscrapers installed in the high-tech cities of Gurgaon, Bangalore, Hyderabad or Chennai. All these are over 20 storeys high and with the help of new advanced technology rests on strong steel pillars. These technologies have been imported from countries like USA, Japan and Germany. In short words, today it has become possible to settle a modern city like Chicago or New York in India.

Positive / negative aspect

Positive

• Job prospects have increased due to the rapid technological development of this sector.
• Earning opportunities are available for all real-estate professionals whether builder, constructor, sales manager or engineer. All you need is just selling and relationship management skills.

Negative

• There are many ups and downs in this area. In the recession of 2009, many real-estate professionals became bankrupt.
• It is a risky job as it involves huge financial investment and may have to travel more. If you have invested in the stock or stock market, the risk increases further due to market fluctuations.

Role and Designation

Real estate means building properties for a home or office. On the other hand, the business of infrastructure consists of developing large bridges, routes and IT parks. Although both types of businesses appoint employees, all of them are assigned the same type of work, but their work area can be small or big. In the real estate industry, the sales manager brings business to his company by selling assets in the same way that a bank’s sales manager sells loans, mutual funds or credit cards. This industry has a different place in the market and this sector gives more salary than many other industries, especially to engineers and sales officers.

Leading companies

India’s top-ten real-estate companies are:

• Ambuja Realty Group
• DLF Building
• Sun City Projects
• Merlin Groups
• Magic Bricks
• home 4 u
• NK Realtor
• 99 acres
• Mittal Builders
• K Raheja Constructor

Tips for employment

While interviewing for the position of Engineer or Sales in a real estate firm, keep the following points in mind:

• Always keep a list of your friends and acquaintances on the basis of which you can bring business to the company.
• Keep yourself updated about new technologies and construction companies. Tell your prospective employer that you have knowledge about market prices and upcoming new technologies.
• Speak good English and wear a decent dress as presentation is most important in this field whether it is a sales professional or an engineering professional.