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Overview

Discover the beauty of thinking big and thinking decades ahead. Venture into the real estate sector as a professional with futuristic insights. Spread across four exciting semesters, this sought-after postgraduate programme develops leaders that make solid contributions to the nation's economic progress

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What You'll Learn

The MBA REUIM programme enables you to:

  • Gain operational knowledge of real estate and urban infrastructure development, urban planning, business management, marketing, finance, project management, sustainable development, and laws and regulations.
  • Acquire skills in real estate project planning, development, costing, pricing, appraisal, procurement and contracting, valuation, and formulating marketing strategies and business communications.
  • Develop abilities in market analysis, real estate investments, data management and research, strategic thinking, software applications, leadership, decision-making, and team management.

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Programme at a Glance

The multi-disciplinary MBA REUIM fosters the quintessential competencies required by a professional for business practices in today's corporate real estate market.

Location

Pune Campus


Seamlessly blending with Baner’s elite, cutting-edge lifestyle, our Pune campus will leave you enchanted with its state-of-the-art learning and living facilities.

Courses

Semester 1

Develop foundational knowledge of subjects in the areas of business management, real estate, urban infrastructure, and project management.

This semester will give you the essential understanding of the market, regulations, and procedures that are involved in real estate projects.

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  • Accounting and Finance

    The objective of the course is to make students acquire knowledge of concepts, methods, and procedures of financial accounting and to help students gain skills of how to read, evaluate, and analyze financial statements; acquire an understanding of techniques of management accounting and make the students develop competence with their usage in managerial decision making and control. Further, the aim is to help students understand the principles and techniques of financial management and evaluate and develop analytical abilities in financial management so that they can apply them in the decision-making process in corporations.

  • Managerial Economics

    The objective of the course is to introduce and impart insights regarding the key concepts, principles, tools, and techniques of Business economics in analysing the business/industry/project environment. It exposes various interlinkages between micro and macroeconomics that impact the business/industry/project environment. It also demonstrates how economics is used by individuals, managers, and businesses alike to assess problems and develop solutions.

  • Principles of Real Estate Management

    The objective of the course is to introduce the students to the real estate sector as well as understand and analyse various principles of Real Estate (RE) field. It will also introduce the students to the essentials of real estate, legal aspects, development and professional practice so as to develop, evaluate and practice RE principles. 

  • Urban Infrastructure Management

    The objective of the course is to enable the students to understand infrastructure service delivery mechanisms in an urban context. Students should also be able to recognise and appraise the performance of urban infrastructure.

  • Urban Land Use and Development Planning

    The objective of the course is to familiarise the students with urbanisation processes and the urban land use planning undertaken in cities.

  • Managing Real Estate Projects

    This course teaches the fundamental aspects associated with project management. It develops the ability to apply project management tools and techniques for managing real estate projects. It also helps prepare the project schedules and analyse its progress

  • Legal Aspects of Real Estate and Urban Infrastructure

    The course deals with the study of laws relating to real estate & infrastructure projects, including contracts, property law, cooperative society and the National Highway Act. It also deals with the environmental and labour laws. The Course deals with the Laws relating to prior & post-legal compliance of the real estate project. It enables the student to solve the problem which may arise between the employer and employee in the operation and execution of the construction project and how to comply with the provisions relating to their wages and safety at the workplace.

  • Business Communication

    The major objective of the course is to develop the students’ oral and written communicative competence in the context of new-age business environment. The aim is to foster their essential managerial communication skills. Thus, the course will build their confidence in effective communication with various internal and external stakeholders.

  • Real Estate and Urban Infrastructure Practice Studio

    To give practical insights into real estate and urban infrastructure projects through real-world examples and studies.

  • Project Management Workshop (MSP)

    This course develops student understanding of Microsoft project software and its applications in project management. Students will be demonstrating digital skills of planning, scheduling, monitoring, and control on construction projects using MSP software.

  • Social Immersion

    The course on business and social immersion aims at inculcating the real-life perspective regarding societal challenges around. The students would be provided avenues to connect with the key stakeholders working on various issues and then work on a project to identify social problems and design solutions to identified problems in their report submissions. In line with the vision of nurturing socially responsible business leaders, it is one small step to create awareness with an added sense of community service.

  • MOOC

    Inculcate lifelong and self-learning attitude and acquire knowledge available in open domain.

Semester 2

Dive deeper into the subject knowledge areas in this semester. Through the courses included in this one, you acquire core competencies in decision making, project costing, risk management, marketing, real estate practice, valuation, project appraisal, procurement, and contracts.

Moreover, the summer internship that follows gives you just the practical exposure and professionalism you need to develop.

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  • Valuation of Real Properties

    This course develops the understanding of valuation methods and techniques with reference to real properties. It will also cover some practical aspects through case studies and exercises to give an understanding of the practice. Furthermore, the course develops the ability to apply the methods and tools to professional projects and practice.

  • Fundamentals of Organisational Behaviour

    The main objective of the course is to make students understand the fundamentals of Organisational Behaviour. Organisational Behaviour deals with the principles governing the behaviour of individuals and groups at the workplace. The focus of this course is to build an understanding of both Micro and Macro Organizational Behaviour. It has been designed to enhance the people management skills of the participants and enable them to apply these skills in the context of organized work. .

  • Real Estate Marketing and Negotiations

    To equip students with the knowledge of marketing concepts, application of marketing to real estate, marketing methods and negotiations for various kinds of projects, and formulation of marketing strategies.

  • Statistics

    This course is an introduction to statistical concepts that are used to understand various facets of business data. After completion of the course, students will be able to understand data patterns and ways to extract meaningful insights from data. Important statistical concepts will be explained to make students ready to perform data analysis. The course creates a foundation for analytical decision-making..

  • Real Estate Project Cost Engineering

    This course teaches the fundamental aspects related to project cost engineering. It includes various tools and techniques for cost estimation. This course develops the ability to estimate, budget, and control the cost of engineering projects. It also teaches the use of software for project cost engineering.

  • Real Estate Project Formulation, Appraisal and Financing

    The course gives an understanding of the concepts of project development, implementation, appraisal, and finance and enables the students to conduct feasibility and network analysis for cost and time estimation, financial analysis and appraisals.

  • Real Estate Market Analysis and Development

    To familiarize students with basic development concepts governing real estate development projects, covering aspects such as concepts, sanctions, legal requirements, project mix decisions, and sales.

  • Advanced Spreadsheet Modelling

    The spreadsheet modelling course provides expertise in Advanced Excel, covering concepts and practicals. The course also focuses on building strong application of knowledge, skills and attitude to perform on Spreadsheet Modelling.

  • MOOC (Indian Knowledge System)

    Inculcate lifelong and self-learning attitude and acquire knowledge available in the open domain.

  • Foreign Language

    The course aims to develop fundamental language skills and enhance overall communicative abilities, enabling students to engage in basic communicative interactions such as introducing themselves and others, describing places, discussing their surroundings, expressing preferences and interests, and more.

  • Projects

  • Research Methodology and Project Seminar

    The course gives an understanding of the research methodology that can be adopted for an independent research project.

  • Entrepreneurship Methodology and Innovation, Entrepreneurship & Venture (IEV) Development Project: Idea Development

    The course gives an understanding of the process of Ideation for start-ups and new ventures. The course will guide the participant in formulating a feasible business plan, by using appropriate financial, marketing and strategic tools, keeping in mind legal requirements.

  • Summer Internship

    The main objective of this course to provide students professional experience and industry exposure.

Semester 3

Get an opportunity to develop specialised proficiency through electives in this semester. You’ll also be able to further develop an aptitude for research and critical thinking.

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  • Building Services and Facilities Management

    This course teaches the fundamental aspects associated with building services (MEP services). It discusses the functions of various systems and components of MEP services. This course develops the skills to interpret building services drawings and facilitate the operation of building services. It also provides an overview on facilities management.

  • Procurement and Contracts Management

    This course aims to equip students with a comprehensive understanding of construction contracts, legalities, the application of global tender practices, and the ability to evaluate and select the appropriate project delivery methods. Through practical exercises, case studies, and invited guest lectures, students will develop critical thinking skills in mitigating contractual risks and strategies for effective claims and dispute resolution. They will also gain hands-on skills in drafting contract documents for clients.

  • Fundamentals of Human Resource Management

    The main objective of the course is to make students understand the fundamentals of Human Resource Management (HRM). HRM deals with the design and implementation of organizational systems with a view to applying such principles for managing people and performance in organizations. The course has been designed to enhance the people management skills of the participants and enable them to apply these skills in the context of organized work. It is imperative for managers to develop a thorough understanding and appreciation of the HR systems in addition to knowing the foundations of human behaviour in general.

  • Project Management Workshop (Primavera)

    The course objective is to make the student familiar with an understanding of how digital tool like Primavera work on construction projects and develop the critical insights necessary to succeed in construction projects. Students will be demonstrating digital skills of planning, scheduling, monitoring, and control on construction projects using Primavera.

  • General Elective

  • Digital Marketing

    This course develops students understanding of digital approaches such as the internet, mobile devices, social media, search engines and other channels to reach consumers. It will also teach students about the development of digital marketing strategies, as well as their practice and implementation.

  • Project Risk Management

    The course will provide students with the knowledge and skills appropriate to the practice of risk management in preparation for a career that touches the broad area of risk management. It also provides students with a framework, process, skills, and tools for the critical analysis of issues relating to risk management, demonstrates risk assessment, risk response methods and techniques, and inculcates decision-making skills which can be applied for the selection of proper tools in mitigation of risks.

  • Operations Research

    The course equips the students with operations research concepts which are aimed at optimal utilization of the organizational resources. The course helps students understand the concept of mathematical modelling and enhances their problem-solving ability. Specifically, Linear programming and its various applications are discussed from a managerial perspective to improve the bottom line.

  • Programme Elective

  • Advanced Valuation

    The objective of this course is to familiarize the student with some of the advanced methods used in the valuation of properties as well as across different asset classes.

  • Housing Markets and Institutions

    This course develops students' understanding of housing markets and institutions. It will cover housing finance as well as policies. Furthermore, the course develops the fundamentals of the housing development process and the institutions responsible.

  • Applications of Building Information Modelling (BIM)

    This course equips students with a comprehensive understanding of BIM and its various applications, fostering skills in collaborative workflows, project optimization, and sustainability integration. Furthermore, students will gain hands-on experience with BIM-related software packages and exposure to real-world cases.

  • Corporate Real Estate Management

    This course enables the students to evaluate real estate decisions that can improve the productivity and profitability of the organisations and understand and analyse various strategic reasons for acquiring, leasing, retaining, maintaining and disposing of corporate property assets.

  • Real Estate and Urban Economics

    This course seeks to provide an understanding of real estate and urban economics theory, which the student can apply to practical aspects of real estate and urban infrastructure.

  • Public Private Partnerships

    This course deals with the mechanisms, benefits and contracts involved in public private partnership projects. An orientation toward the need for PPP in infrastructure projects is given, along with how it is distinct from other traditional models. Financing of PPP, institutional mechanism, procurement and concession agreement are dealt in detail. The students will understand the applicability of private partnerships in infrastructure and related projects and will be able to interpret a concession agreement.

  • Project Work

  • Project Work : Interim

    The students will crystallize their research/project work topic and apply research methods to collect and analyze the data and further critically examine their research/project topic to arrive at preliminary inferences.

  • Innovation, Entrepreneurship & Venture (IEV) Development Project: Prototype

    The objective of the project work is to develop the business idea into a working prototype.

Semester 4

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  • Sustainable Real Estate

    The course aims to provide a comprehensive understanding of sustainable real estate principles, practices, and innovations to foster environmentally responsible development within the built environment.

  • Strategic Management

    The course prepares the student to remember and understand the fundamental terms and concepts of Strategic Management. Further the student should be able to apply these concepts in the companies and organisations while assuming leadership roles as per the industry expectations.

  • OPS 601: Strategic Management

    The course prepares the students to remember and understand the fundamental terms and concepts of Strategic Management. The students should be able to apply these concepts in companies and organisations while assuming leadership roles as per the industry expectations.

  • Business Ethics

    Business ethics concepts are required for improving the performance of the organization in an ethical way while managing all the stakeholders effectively. The objective of this course is to develop a sense of ethics, morality and professional values in the students, leading to the emergence of ethical leaders who focus on sustainability while fulfilling their social responsibility effectively..

  • General Elective

  • Supply Chain Management

    This course familiarizes students with logistics, supply chain and supply chain management concepts. It helps in developing an understanding of the supply chain performance and its drivers. It provides opportunity for students to understand the role of supply chain in gaining sustainable competitive advantage. Students will be able to align major logistics and supply chain functions as per customer requirements.

  • Data Analytics

    This course introduces students to the broad field of data analytics, with a strong emphasis on practical outcomes that may be used in the workplace. It will provide a thorough understanding of current theories, frameworks, applications, and technologies that support data-driven decision-making in the modern world.

  • Banking and Financial Services

    This course provides an overview of the banking and financial system in India. It enables an understanding of the services provided under various financial service systems, along with their merits and demerits.

  • Programme Elective

  • Urban Renewal and Redevelopment

    The course intends to acquaint the students with the background knowledge on urban growth trends and associated challenges in central and inner cities and educate them on the concept and techniques of Urban Renewal and Redevelopment.

  • Corporate Valuation

    This course develops an understanding of corporate valuation. It includes valuation concepts, methods, and abilities, with this as the primary learning outcome. It covers a variety of corporate valuation techniques and takes a case-based approach to help students to apply concepts to practical frameworks for valuing businesses. This course also provides insights into advanced topics of valuation such as the valuation of start-ups, valuing private firms, valuation of distressed firms, valuing of firms with negative earnings, and take-over valuation. Furthermore, the course develops the core fundamentals of business valuation by making use of financial modelling in Excel

  • Management of Interior Projects and Fit-Outs

    To enable students to independently manage building interior projects, covering life cycle aspects of design, execution, contracts, procurement, and operation & maintenance of the interior facilities.

  • Spatial Technology and GIS

    The course familiarises students with the processes and techniques of GIS and the ways to use GIS software applications for data analysis and decision-making

  • Asset Management of Infrastructure

    This course is designed to equip students with skills and theories required for managing real estate and infrastructure assets throughout their lifecycles.

  • Urban Transportation Planning, Design and Management

    This course deals with the needs, requirements and strategies of urban transport. It covers theoretical concepts and practices related to traffic and transportation management in urban areas, street designs etc.

  • International Real Estate

    The course will help students acquire a strategic view of the real estate decisions of large corporations around the world while familiarising them with international property management.

  • Lean Construction and Value Engineering

    This course develops student understanding of lean thinking and value management in construction projects. It will also cover lean tools and techniques that help make projects lean and add value to the customer. Furthermore, the course develops the core fundamentals of lean planning and execution from the viewpoints of various stakeholders

  • Project Work

  • Project Work - Final

    The students will further work on the preliminary results to validate their findings and draw inferences to arrive at a coherent conclusion, suggest recommendations and state the contributions of the study.

  • Innovation, Entrepreneurship & Venture (IEV) Development Project: Business Model

    The students will further work on the preliminary results to convert the Prototype to a Minimum Viable Business Model

An enriching environment

Class Profile

Learn alongside dynamic and diverse peers who share the same passion for advancements in the real estate and infrastructural sectors as you.

  • 25

    Average Age

  • 8

    Average Courses Per Semester

  • 21

    Average Credits Per Semester

  • 84

    Total Credits

department-details

Our leader

Dr. Poulomee Ghosh
Head, MBA REUIM

A B.Arch from VNIT, Nagpur, M.Plan in Urban and Regional Planning from CEPT, Ahmedabad, and PhD in the specialised area of Mixed-Landuses from COEP, SPPU, Pune, Poulomee is committed towards achieving a better quality of life for Indian cities through effective research and education. She puts that into effect by continuously engaging in concepts surrounding constructive land use, urban transport, real estate development, infrastructure projects, and allied fields.

A seasoned professional with over ten years of academic experience, she believes that a real estate professional's opinions and perspectives are profoundly impacted by their education and learning experience. It will reflect in their decisions and the way they would shape the quality of our future built environment.

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Admission Requirements

  • Students with a bachelor’s degree in Engineering / Architecture / Planning / Commerce / Finance / Banking / Management / Economics / Mathematics / Statistics from a recognised Institution / University with minimum 50% aggregate marks are eligible for this programme.
  • Applications received are evaluated and eligibility is established on the basis of the documents submitted. Eligible students are invited to appear for the selection procedure, which comprises Post Graduate NICMAR Common Admission Test (PG-NCAT), Group Discussion (GD), Personal Interview (PI) and Rating of Application (RA).

Your trajectory

Career opportunities

As an MBA REUIM graduate from NICMAR, you can pursue the following careers:

Career Career
Real Estate Advisor Urban Infrastructure Consultant
Asset Manager Market Research Professional
Project Management Consultant Commercial and Retail Executive
Product Developer Contracting and Leasing Executive
Design and Development Executive Vendor Development and Management Executive
Project Coordination and Control Manager Property Valuations Executive
Business and Strategy Development Executive Sales and Marketing Executive
Proptech Consultant Customer Relationship Manager
Corporate and Housing Finance Professional Risk and Financial Advisor

FAQs

  • How is MBA REUIM different from MBA ACM?

    While MBA ACM focuses on the planning and execution of construction projects, MBA REUIM goes a step further by encompassing the entire lifecycle of real estate and infrastructure projects. The program also covers critical concepts around market demand, project formulation, business strategies, and many more, which are not the same as those in MBA ACM.

  • Is MBA REUIM more like M.Plan Housing?

    MBA REUIM curriculum is industry-oriented, covering project-based aspects, while the M.Plan Housing curriculum is oriented to policies and programmes. In addition, MBA REUIM covers other real estate asset classes such as commercial, retail, hospitality etc. As an MBA programme, typical aspects of business management in real estate and project management are emphasised.

  • What role does my bachelor’s degree play in generating substantial outcomes from the MBA REUIM program?

    As an individual holding a bachelor’s degree, you have already acquired a fair amount of technical knowledge of the field. MBA REUIM simply builds on that by adding the broader knowledge and skills of business management, real estate markets, projects, and urban infrastructure service delivery.

    Simply put, a postgraduate degree in MBA REUIM will do a phenomenal job of complementing the competencies you gained as a bachelor.

Celebrating our
Graduates

Take a look at our talented learners that transformed into lifelong leaders after passing out with flying colours.

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News & Updates

NICMAR University is Recognised as State Private University by UGC.

NICMAR University Pune Act (Mah. Act No. XXXVI of 2022) was passed by Maharashtra State Government on 16th March, 2022 and appeared in “Maharashtra Government Gazette” on 12th May 2022 .