With the city’s
real estate market being dominated by smaller and unheard of players whose
actions could fright away prospective buyers, the bigger players are joining
hands to give a professional touch to the realty business. “We need to bring in
additional people who are properly trained agents. This can be achieved by
having a proper course to train real estate agents,” Puravankara Projects
Limited (PPL) director Ashish Puravankara said during an interaction with the
media here on Thursday.
The move, in a
way, would decrease poaching in the sector. “At present, the industry is being
steered by those who have been backed b almost40 years experience in the field.
The real estate companies mainly pick employees from other companies in the
absence of formal training schools. It is high time we have formal training for
those entering the industry.” Puravankara said.
The PPL will
pressure the Confederation of Real Estate
Developers Association of India (CREDAI) to roll out such training
programmes, besides interacting with international experts on real estate.
PPL lately
invited research specialist from Real Estate Institute of New York University
to study the possibilities of identifying Bangalore
as a key competitive city in the global economy.
Pointing to the
happenings in Bangalore’s
realty market, Puravankara said: “The demand for housing has not gone down in
the current times in the backdrop of the global slowdown, but people have
delayed their buying plans. With professionals around, these buyers could be
converted.”
Agreeing with
him, Pamela Hannigan, a research expert and member of Real Estate Institute of
New York University, said “Students can lift up the capacity to navigate virgin
territory through formal training and that will change the dynamics of the real-estate
sector.”