AHMEDABAD: With the increasing demand for professionals in real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) plans to set up a research and training institute in the city. The institute will churn out trained professionals for the real estate sector and will be set up near the International Centre for Entrepreneurship and Technology (iCreate) on the outskirts of Ahmedabad.
“Real estate sector is the largest employer after agriculture. With time, it has become important for those in the sector to have a global perspective,” said Lalit Jain, national president of CREDAI.
He added that the land for setting up the institute has been given by Ahmedabad-based developer Jaxay Shah, who is vice-president of CREDAI. He has also committed Rs 1 crore for the centre.
CREDAI plans tie-ups and affiliations with international institutes for the centre which will be operational from June 2014. CREDAI has also announced an Educational Scholarship Scheme (ESS) for promoting higher education in the real estate sector among underprivileged students. CREDAI will offer scholarships to pursue full-time degree/post-graduate degree courses in civil engineering, management and other courses related to the sector at any of the All India Council of Technical Education (AICTE) colleges. “Real estate and construction sectors contribute 11% to the GDP and with changing scenario, skilled professional have become need of the hour,” said Shah.