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Course
Contents
The
course content shall include the key components of the subject
area namely:
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Brokerage
– Concepts & various issues namely ethics and professional
code of conduct. Responsibilities of a broker-buying/selling/leasing/renting
process. Effective management of the transactions. Real
estate contracts (Provisions)-lease agreement, agreement
to sell, transactions relating to NRIs, title search of
the property. Documentation required in transactions of
sale/purchase/lease. Registration of documents. Basic
understanding of the revenue records maintained by Municipal
Corporation. Closing transactions; negotiation skills.
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Real
Estate Financing – namely real estate financing
process, procuring and closing a loan, mortgages, foreclosure
laws (NHB Act etc), lending practices, procedures and
documentation as required by financial institutions and
banks.
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Real
Estate Appraisal – Theoretical concepts, principles
and criteria for valuation of property, market behavioral
trends in real estate.
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Planning,
Zoning and Development- General understanding in
planning, zoning, sub-division of land. Relevant provisions
and rules for sub-division. Planning standards and norms
as applicable to the Housing and Construction industry.
Basic understanding of standard construction practices
inclusive of efficient planning, suitable building materials
and sound construction. Management of Buildings and Complexes.
Knowledge of building materials/technologies.
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Legal
Framework including various acts and procedures- namely
Apartment Ownership Act, Indian Registration Act, 1908,
Stamp Act, Co-operative Societies Act, Rent Control Act,
Wealth Tax Act, Building bye-laws, The Punjab Schedule
Roads and Controlled Areas Restriction of Unregulated
Development Act, Consumer Protection Act, 1986, Law of
Contract, Municipal Laws, Law of Agency, Relevant sections
related properties-income tax act & FEMA, RBI guidelines
for property investment.
Escrows-
Introduction to the escrow concept.
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Urban
Infrastructure-Development approaches such as public-private
partnerships, social infrastructure-responsibilities and
accountability.
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Business
Management including marketing techniques, dynamics
of customer satisfaction, communication skills, personality
development, after sale service etc.
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Vaastu
Shastra - Approach in design of buildings.
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Seismic
effects and protection in building construction
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