Real Estate Devlopment

Ashish Agarwal | Managing Director | Agarwal Properties and Construction

What is Real Estate Devlopment?

A Career in Real Estate Devlopment is very interesting. 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. Managing Director Ashish Agarwal outlines Real Estate Devlopment as:

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

The Journey of a Real Estate Developer: Ashish Agarwal on Navigating Success in a Dynamic Field Ashish Agarwal has transformed his career into a successful venture in real estate development, a field he describes as one of the most lucrative and flexible professions available today. With a solid educational background that includes an MBA and years of experience in corporate training and banking, Ashish brings a wealth of knowledge and insight to aspiring real estate professionals. In this article, we'll delve deeper into the intricacies of real estate development as Ashish shares his expertise, covering essential education requirements, vital skills, the perks of the profession, challenges to anticipate, and a typical day in the life of a real estate developer. What Is Real Estate Development? Real estate development is a multifaceted career focused on the acquisition, development, and management of properties. Developers like Ashish are responsible for buying and selling land, constructing commercial and residential buildings, and managing rental operations. The field offers a unique mix of creativity and business acumen, allowing professionals to tailor projects to client needs while navigating various regulatory requirements. Ashish emphasizes the significant demand for trained professionals in the field, with a gap of over 44 million positions, presenting ample opportunities for those willing to enter the profession. Education Measurement Techniques Understanding measurement techniques is fundamental for anyone looking to succeed in real estate. Ashish explains that knowledge of square yards, square feet, and square meters is essential since these units of measurement are the basis for evaluating property sizes. Without a firm grasp of these techniques, aspiring developers may struggle to navigate the intricacies of property transactions effectively. Conversion Table The ability to use conversion tables is another critical aspect of real estate education. As Ashish describes, knowing how to convert square yards into square feet or square meters can significantly impact sales and client interactions. Mastering these conversions enables professionals to present accurate information to clients, ensuring smooth and successful dealings. Land Revenue Records Familiarity with land revenue records is crucial for real estate developers, as these documents reflect legal ownership and rights to land. Ashish notes the importance of understanding both municipal and government records to ascertain property ownership accurately. This knowledge helps avoid legal complications and provides reassurance for clients during transactions. Quantum Mechanics While Ashish mentions quantum mechanics as part of education, it aligns with a broader understanding of real estate dynamics. Although not directly applicable, a foundational knowledge of physical principles can enhance spatial awareness, an essential aspect when visualizing land development and property designs. Skills Positive Attitude A positive attitude is paramount in real estate, as it shapes client interactions and overall business success. Ashish highlights that keeping a cool demeanor—especially during challenging negotiations—can foster better relationships with clients, leading to repeat business and referrals. Interpersonal Skills Interpersonal skills play a crucial role in the real estate sector. According to Ashish, developers need to grasp clients' needs quickly and empathetically. Strong interpersonal skills facilitate effective engagement and problem-solving, which are key components of successful real estate transactions. Communication Skills Effective communication is essential for conveying complex information clearly to clients. Ashish underscores the relevance of being able to listen actively and articulate proposals compellingly. This skill ensures that both the developer and clients are on the same page, enhancing the likelihood of a successful deal. Entrepreneurial Skills Entrepreneurial skills are vital for those seeking to create a career in real estate development. Ashish encourages aspiring developers to embrace a mindset of innovation and resilience, as navigating the business landscape requires creativity and adaptability to market changes. Work Under Pressure The ability to work under pressure is essential due to the fast-paced nature of real estate transactions. Ashish shares that developers often face tight deadlines, requiring them to manage their time efficiently while juggling multiple clients and projects. Interest in Land & Building Having a genuine interest in land and building design is crucial for real estate professionals. Ashish notes that being passionate about the field enhances one's ability to visualize property potential, which ultimately leads to better sales outcomes. Physically & Mentally Strong Lastly, the demands of the job necessitate both physical and mental strength. Ashish stresses that the role can involve significant on-site work, including inspections and meetings in various locations, making fitness and mental stamina essential for sustained success in real estate development. Positives Highly Rewarding One of the most appealing aspects of a career in real estate development is its financial upside. Ashish boasts about the high earning potential, mentioning that salaries and commission structures in this field are unparalleled, attracting many to this career path. Flexible Working Hours Flexibility in working hours is another significant advantage. Ashish points out that real estate professionals have the autonomy to set their schedules, allowing them to balance personal and professional commitments effectively. Travelling The opportunity to travel frequently adds excitement to the profession. Real estate developers often visit various properties and locations, providing a dynamic work environment and exposure to diverse cultures and markets. Your Own Boss Being one's own boss is a coveted feature of this career, as Ashish emphasizes the independence it offers. Developers can chart their own paths without micromanagement, leading to heightened job satisfaction and motivation. Easy Entry Lastly, the path to enter real estate development is notably accessible. Ashish shares that many find success in the field with minimal formal education, relying instead on informal learning and practical experience to build their careers. Challenges Brand Management Brand management poses one of the primary challenges in real estate. Ashish explains that maintaining a positive reputation is critical, as it directly influences clients' trust and, consequently, business success. Developers must work diligently to uphold their brand's integrity. Cautious in Choosing Client Caution in selecting clients is essential to mitigate risks associated with deals. Ashish advises that thorough vetting can prevent issues related to defaulting clients or problematic transactions, underscoring the importance of due diligence in building a sustainable client base. Market Fluctuations Market fluctuations represent another significant challenge, as varying economic conditions can impact property values and demand. Ashish cautions that developers must stay informed about market trends to avoid potential losses and make timely adjustments to their strategies. A Day Of Real Estate Development A typical day in the life of Ashish as a real estate developer starts early, around 6:30 or 7 AM, with a focus on health and fitness. By 9 AM, he's on-site, overseeing construction projects, and by late morning, he has transitioned to more administrative tasks at the office. Ashish's day often involves client meetings, managing rentals, and handling legal paperwork, typically wrapping up around 7:30 PM. His structured yet flexible schedule allows him to manage multiple responsibilities efficiently while enjoying a balanced lifestyle. In wrapping up, the field of real estate development offers a rewarding and dynamic career path. It combines elements of creativity, independence, and financial potential, attracting a diverse range of individuals. With the right education, skills, and mindset, anyone can embark on this fulfilling journey, carving out a niche in one of the most lucrative industries today. Ashish Agarwal's experience serves as an inspiring testament to the opportunities that await those passionate about building and developing properties.

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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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