Harvard eyes Indian realty sector with corporate programme

March 10th, 2008 - 5:11 pm ICT by admin  

By Prashant K. Nanda
New Delhi, March 10 (IANS) Eyeing the “explosive” realty market in India, the Harvard Business School (HBS) is set to offer a short duration certificate programme to top executives of real estate industry - but at a stiff fee of Rs.297,000 ($7,310). The Ivy League university will offer the four-day-long programme at Hyderabad Convention Centre beginning June 17.

“This programme will provide senior leaders with fresh insights and cutting-edge tools to take full advantage of new opportunities in the fast-growing real estate industry,” the university website said.

The varsity said the programme is for chief executives of real estate firms, senior executives, owners, investors, private real estate developers, bank officers, and other industry service advisors.

The university further says that the participants will learn international best practices for developing property, building solid portfolios and positioning their company for success.

“India and other South Asian countries are evolving from an explosive and opportunistic economic boom towards increasingly demanding capital markets and an even greater need for professional management,” Rakesh Khurana, associate professor of Business Administration at HBS said via email.

“Like so many aspects of the South Asian economy, real estate is experiencing rapid growth in a region that is fast becoming a major player in the global finance and investment marketplace,” said HBS lecturer John Macomber.

“Property is the largest asset class in the world and real estate touches everyone and every business.

“Our programme will explore the opportunities and obstacles for industry leaders planning for long-term success as this expanding industry matures and becomes increasingly sophisticated,” Macomber added.

The university said the participants would discuss several case studies during the programme.

Besides faculties from Harvard, the final day of the programme will have Noel Tata. The managing director of Trent and director of various Tata companies including Voltas will share his experiences and his perspective on the importance of real estate in a special session titled ‘Property as the Foundation for Growth of Indian Multinationals’.

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