Real Estate Devlopment

Ashish Agarwal | Managing Director | Agarwal Properties and Construction

What is Real Estate Devlopment?

There are many nuances of a Career in Real Estate Devlopment. One should first understand What a Career in Real Estate Devlopment entails before investing time and effort to figure out How to start a Career in Real Estate Devlopment. Just like you would normally not trust a non Doctor with names of medicines, you should also not trust opinions about Real Estate Devlopment from non professionals.

Managing Director Ashish Agarwal has worked in Real Estate Devlopment for 18 years & 9 months. According to Managing Director Ashish Agarwal, Real Estate Devlopment is:

Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction, although many developers also manage the construction process.

How Managing Director Ashish Agarwal got into Real Estate Devlopment?

After completing my B Sc, I did an MBA and specialization in Sales & Marketing Management from NIS division of NIT Limited. After that, I worked in a bank for around a year. Later, I did Corporate Training Certification and I was a Corporate Trainer for NIS for 5 to 7 years, and after few years I started my own business in Real Estate Development and since then I am working as a business man and I am the Managing Director at Agarwal Properties and Construction.

Managing Director Ashish Agarwal's Talk on Real Estate Devlopment

Exploring a Rewarding Career in Real Estate Development Real estate development is an expansive field that thrives on the intersection of creativity, strategy, and market savvy. It’s often considered one of the most lucrative careers, offering a myriad of opportunities for those interested in property management, investment, and construction. With a reported gap of over 44 million trained professionals in the industry, entering this field can be both rewarding and accessible for aspiring individuals. In this article, we will delve into the key aspects of a career in real estate development, including essential education, necessary skills, the positives and challenges of the field, and what a typical workday looks like for professionals like Ashish Agarwal, a seasoned expert in the industry. What Is Real Estate Development? Real estate development involves the process of buying, selling, constructing, and managing properties. This can encompass residential buildings, commercial complexes, and land development. The ultimate goal is to meet diverse client needs while navigating various regulatory requirements and market dynamics. For instance, Ashish Agarwal, who transitioned from a banking career to real estate, emphasizes the bespoke nature of this profession where client-specific solutions are tailored, highlighting the necessity of understanding market trends and regulatory frameworks like the Real Estate Regulation Act (RERA). Education in Real Estate Development Measurement Techniques A foundational aspect of real estate development is mastering measurement techniques. Understanding square yards, square feet, and square meters is crucial for accurately valuing properties and ensuring client satisfaction. These metrics serve as the basis upon which transactions are carried out and are indispensable in negotiations. For instance, Ashish notes that knowing how to convert measurements can significantly enhance a professional's ability to communicate effectively with clients. Conversion Table Mastery of conversion tables is another essential educational component. Real estate professionals must be adept at converting measurements to assist clients in understanding property dimensions. For example, a square yard converted to square feet or square meters can affect property pricing. Ashish highlights that having access to a conversion table on a mobile device can be a game changer for professionals in the field. Land Revenue Records Knowledge of land revenue records is vital for any real estate professional. This knowledge underscores the importance of legal documentation, ensuring that all plots and properties are legally recognized and free from disputes. Ashish points out that understanding these records can aid in verifying ownership and smooth transactions, protecting both the seller and buyer. Skills Necessary for Success Positive Attitude A positive attitude is foundational in the real estate sector, where interactions range from casual consultations to high-stakes negotiations. The ability to remain composed and empathetic, even in challenging situations, allows professionals to cater effectively to client needs. As Ashish emphasizes, understanding and responding to clients' emotional states plays a crucial role in securing agreements. Interpersonal Skills Strong interpersonal skills are paramount for fostering relationships with clients and stakeholders. Real estate professionals must navigate diverse personalities and demands. Effective communication not only helps in understanding client needs but also in persuading them about the value of their offerings. As illustrated by Ashish’s experiences, engaging clients and making them feel valued can significantly impact business success. Work Under Pressure The ability to function under pressure is critical since real estate transactions often come with stringent deadlines and market fluctuations. Professionals like Ashish must effectively manage time and stress while ensuring that service delivery meets client expectations. His recount of managing multiple responsibilities—from site inspections to client meetings—attests to the importance of being resilient in this fast-paced environment. Positives of a Career in Real Estate Development Highly Rewarding Real estate is well-known for offering high salaries and lucrative commission structures. This financial incentive acts as a significant motivator for many individuals entering the field. Ashish candidly shares that the earning potential in this profession is unmatched, attracting newcomers seeking financial growth. Flexible Working Hours The field allows for flexible working hours, which can lead to better work-life balance. Professionals have the freedom to choose their working schedules and can manage their workloads from various locations, including the comfort of their homes. Ashish notes that this flexibility can accommodate varying personal commitments, making the career appealing to many. Your Own Boss In many real estate roles, individuals often operate independently. Being one's own boss can foster creativity and innovation in how business is conducted. Professionals are free to set their goals and strategies, which can lead to fulfilling careers marked by autonomy—something Ashish values in his own practice. Challenges Faced in Real Estate Development Brand Management One of the significant challenges in real estate is brand management, which involves ensuring that the properties marketed and sold come with a robust reputation. Professionals must be vigilant in verifying the credibility of the properties they represent. Ashish emphasizes the importance of conducting thorough background checks on companies and properties to safeguard client interests. Market Fluctuations The real estate market can be volatile, with unpredictable fluctuations impacting property values and demand. Professionals must be adept in market research to anticipate trends and adjust their strategies accordingly. Ashish indicates that staying informed about economic indicators can help mitigate risks associated with market downturns. A Day in the Life of a Real Estate Developer Ashish provides a glimpse into a typical day in his career. Starting his day with exercise and a nutritious breakfast, he heads to construction sites by mid-morning, overseeing ongoing projects and ensuring that schedule goals are met. He dedicates time in the office to client interactions, legal paperwork, and property registrations, demonstrating multitasking abilities essential in this role. The day concludes with more client consultations, illustrating the prevalent client-first focus in the real estate development sector. Conclusion Embarking on a career in real estate development is not just about transactions; it’s a comprehensive journey of personal interaction, strategic management, and continuous learning. The path offers ample rewards and unique challenges, underscoring the importance of education, skills, and resilience in navigating the sector. As Ashish Agarwal's experiences reflect, those willing to embrace the dynamic nature of real estate can carve out a fulfilling and prosperous career while contributing meaningfully to the ever-evolving landscape of property development.

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How to get into

Real Estate Devlopment?

If you are want to get into Real Estate Devlopment, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Real Estate Devlopment is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Real Estate Devlopment, what education and skills you need to succeed in Real Estate Devlopment, and what positives and challenges you will face in Real Estate Devlopment.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Real Estate Devlopment.

LifePage Career Plan

14 hour personalized guidance program

Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

Next: your Advisor helps you figure out how you will get into your chosen Career and how will you develop the skills needed for success in your Chosen Career.

LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

Managing Director Ashish Agarwal's LifePage:

[LifePage]
https://www.lifepage.in/page/ashishagarwal

LifePage Career Talk on Real Estate Devlopment

[Career]
https://www.lifepage.in/careers/real-estate-devlopment

[Full Talk]
https://lifepage.app.link/20180706-0002

[Trailer]
https://www.youtube.com/watch?v=iPIIRZxTbhA

(Real Estate Development, Ashish Agarwal, Agarwal Properties and Construction, Real Estate Developer, Property Development, Construction, Renting, Property Dealing, Selling Houses, Own Business, Entrepreneurship)

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