MBA Real Estate: Course Details, Eligibility, Admission, Fees

Sakshi Chaudhary

MBA Real Estate is a two-year postgraduate course that deals with the study of real estate with a focus on property management, real estate finance, and real estate investment. The course also focuses on making students understand real estate technology tools such as automated valuation models, real capital analytics software, 3D Visualization models, etc.

MBA in Real Estate Admission requires candidates to clear their bachelor's degree with a minimum of 50% marks for unreserved students and 45% for SC/ST/PwD category students from an accredited university. Apart from the merit score, the candidate also needs to qualify for the entrance exams such as CAT, NMAT, CMAT, etc. The average MBA in Real Estate fees is in the range of INR 2-10 LPA.

What is an MBA in Real Estate Course?

The MBA in Real Estate course focuses on equipping the students with leadership and analytical skills to apply legal and regulatory, lease agreements, market analysis, and valuation aspects related to real estate in real business scenarios. The course is provided by top colleges like NMIMS, Amity University, Manav Rachna University, etc. The course falls under the umbrella of MBA courses.

After completion of the MBA in Real Estate course, graduates can work in top companies like CBRE Group, Godrej Properties, Lodha Group, etc. The average salary of MBA in Real Estate graduate is INR 9.50 LPA (Source: Payscale)

MBA in Real Estate Eligibility Criteria 

MBA Real Estate course eligibility factors may differ based on the college requirements such as entrance exam score cut-off, work experience requirement, etc. Below listed is the common MBA Real Estate eligibility criteria:

• Candidates should have completed a bachelor’s degree with a minimum of 50% marks (Relaxation of 5% marks given to SC/ST/OBC candidates).
• The candidate needs to qualify for entrance exams such as NMAT, CAT, MAT, etc.
• Colleges like Amity University for MBA Real Estate and Urban Infrastructure accept the CAT score of 75 percentile for admission and MAT score of 500.
• There is no upper age limit to enroll in the course.

Why Choose an MBA in Real Estate Course?

MBA in Real Estate course provides graduates with advanced knowledge about real estate markets, real estate developments, and marketing for various real estate enterprises. Below mentioned are the reasons why one should choose an MBA Real Estate course.

• The Indian Residential Real Estate Market is projected to grow at a CAGR of 24.77%, leading to higher employment of skilled professionals.
• As per the Grand View Research report the global real estate market is expected to grow at a CAGR of 5.2%.
• The demand for real estate managers is expected to grow by 7% by the year 2030.
• Whereas, IIM Bangalore has also launched a Real Estate Research Initiative for the development of the real estate industry in India.

Also, Check: Top Reasons to Pursue an MBA

MBA Real Estate Admission 2023

The MBA Real Estate admission is done on the basis of merit score and entrance exam cut-off. For enrolling in the course students need to follow certain standard procedures as mentioned below:

• Step 1: The candidate needs to clear the entrance exam score for respective colleges.
• Step 2: The candidate is required to fill out the college application form available either online or offline.
• Step 3: Colleges further conduct WAT, GD or PI process for the selection of shortlisted candidates.
• Step 4: Once the final merit is published, the candidate is required to submit the relevant documents and submit the course fees.

Read More on MBA Admission Process

MBA in Real Estate Entrance Exams

Candidates for the MBA Real Estate program must pass the admission tests in order to enroll in the program. The exams are conducted at the national and institute level. Colleges like NMIMS, NICMAR conduct their own entrance exam for the admission process. Below listed are the MBA in Real Estate entrance exam details:

Top MBA in Real Estate Colleges in India

The MBA Real Estate course is one of the emerging courses in India and top colleges like NMIMS, NICMAR, etc., have taken the initiative to launch the course for aspirants. The average MBA Real Estate course fee in India is around INR 2 - 10 LPA. Below listed are the top colleges offering MBA Real Estate course and their average fees:

Types of MBA in Real Estate Courses

The MBA in Real Estate course can be pursued in full-time and online mode. Few colleges also offer integrated MBA Real Estate courses that students can start after their high school degree. Below listed are details regarding types of MBA Real Estate courses:

Online MBA in Real Estate Course

The online MBA Real Estate course is UGC entitled and provides a robust learning management system to working professionals with placement assistance. Below listed are some of the important pointers regarding the online MBA Real Estate course:

• The online MBA Real Estate course in India is provided by top colleges like Parul University, Jain Online University, etc.
• Colleges like Jain Online University offer placement for graduates in top companies like Godrej & Boyce, Accenture, etc.
• The average course fee is in the range of INR 80,000-2 LPA.

Integrated MBA Real Estate Course

Students can pursue a BBA + MBA in Real Estate course as an integrated course after completion of their 12th grade. Below mentioned are details regarding the integrated MBA Real Estate course:

• The course can be pursued from colleges like MIT-ADT University, Vishwa Vishwani Business School, etc.
• The average course fee is between INR 1-5 LPA.
• The course duration is five years.
• The admission is based on the entrance exam, followed by a Group Discussion or Personal Interview.

MBA Real Estate Syllabus and Subjects

The MBA in Real Estate syllabus is divided into four semesters. The first-year syllabus focuses on understanding an overview of business functions and principles of the real estate industry. The second-year MBA Real Estate syllabus focuses on understanding advanced concepts related to real estate management, investment, and strategy.

Below are listed some of the MBA in Real Estate subjects in detail:

Read More: MBA in Real Estate Syllabus and Subjects

MBA in Real Estate vs MSc in Real Estate

MBA Real Estate focuses on providing knowledge about market analysis, property development, investment analysis, and real estate finance, whereas MSc Real Estate focus on technical and analytical components such as property valuation, finance modeling, etc. 

The table below showcases the differences between the MBA in Real Estate and MSc in Real Estate:

Salary of an MBA in Real Estate Graduate in India

The average salary of an MBA in Real Estate graduate in India is INR 9.50 LPA. The factors that can affect an MBA in Real Estate salary in India include experience, geography, and the industry they are working in such as investment and finance, property tech, housing and community, etc. 

Below listed are job opportunities for MBA Real Estate graduates along with their average salary:

[Source: Payscale]

Read More: MBA in Real Estate Salary

Courses After MBA in Real Estate

After completion of the MBA in Real Estate course graduates can upskill their domain expertise by enrolling in various higher education and certification courses. Below listed are a few courses that real estate graduates can pursue after completion of their MBA:

• Ph.D. in Real Estate
• Ph.D. in Urban Planning
• LEED Certification
• Executive Master’s in Real Estate
• Advanced Certification Course in Property Technology

Career Options After Master of Business Administration in Real Estate Course

MBA in Real Estate course offers graduates employment options in both private and public sectors in areas like urban planning, property assessment, city development, etc. Below listed are a few job roles for MBA Real Estate graduates along with their average salary and top hiring companies:

Top Recruiters for MBA in Real Estate Course

MBA Real Estate graduates can work in fields of research, real estate law, construction and project management, real estate investment and finance, etc. Below listed are top recruiters for MBA Real Estate graduates along with their average salary:

[Source: Glassdoor]

Skills to Excel as an MBA in Real Estate Graduate

The MBA Real Estate course requires graduates to combine work-specific skills based on core functions and a certain set of soft skills. Below listed are a few skills that an MBA in Real Estate graduate needs to excel.

• Market Research Skills: The MBA Real Estate graduate needs to be proficient with market research skills in order to analyze property markets, and investment opportunities, and make a business plan.
• Project Management Skills: The Real estate industry involves projects that are complex in nature and require proper budget planning and coordination.
• Strategic Thinking: Making decisions in the real estate industry frequently calls for strategic planning. It's essential to have the ability to assess market dynamics and develop successful strategies.
• Conflict Resolution Skills: The graduate should be able to handle disputes between stakeholders, dealers, and customers for effective project execution.

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