Education & Training

Studying Architecture Could Lead To Become Real Estate Entrepreneur

Opportunity India Desk
Opportunity India Desk Jul 17, 2023 - 13 min read
Studying Architecture Could Lead To Become Real Estate Entrepreneur image
Retail, hospitality, and commercial real estate are growing significantly, providing the much-needed infrastructure for India's growing needs.

An architectural course of profession could be a pilot step towards becoming an entrepreneur and venture into the real estate industry which is booming presently. The real estate industry has huge potential to transform the country’s economy as well as people associated with it.

According to India Brand Equity Foundation (Foundation), real estate market will grow to INR 65,000 crore from INR 12,000 crore, by 2040 as compared to 2019. Real estate sector in India is expected to reach USD 1 trillion in market size by 2030, up from USD 200 billion in 2021 and contribute 13 per cent to the country’s GDP by 2025.

This growing industry is one of the major factor causing increase in demand for architects. The construction of residential, commercial, and industrial buildings is a key component of the real estate industry, and architects play a crucial role in designing and planning these projects.

Speaking to Opportunity India, Dr. Anand Achari, Principal, VES College of Architecture said that the scope of entrepreneurial options for green architects is constantly expanding as the demand for green buildings grows. With the right skills and experience, green architects can find lucrative and fulfilling careers in this emerging field.

How does an architectural education promise a green job and what is the scope of entrepreneurial options after this course?

Dr. Anand: Architectural education teaches students the fundamentals of designing and constructing buildings, but it also emphasizes sustainability and environmental impact. As a result, architectural graduates are well-prepared to work in the growing field of green architecture.

Sustainable architecture is a method of designing and constructing buildings that minimize their environmental impact and economies the cost. This can be achieved through a variety of strategies, such as using recycled materials, incorporating energy-efficient technologies, and designing buildings that are naturally ventilated and daylit.

Architects who specialize in green architecture are in high demand. Businesses and governments are increasingly looking for ways to reduce their environmental footprint, and green buildings are one way to do that. As a result, there are many job opportunities for green architects in both the public and private sectors.

In addition to traditional architectural jobs, there are also a number of entrepreneurial options for green architects. For example, architects can start their own green building consulting firm or design-build firm. They can also work as green building inspectors or Leadership in Energy and Environmental Design (LEED) accredited professionals.

The scope of entrepreneurial options for green architects is constantly expanding as the demand for green buildings grows. With the right skills and experience, green architects can find lucrative and fulfilling careers in this emerging field.

Some specific examples of green jobs that architectural graduates can pursue are as follows:

These are just a few of the many green jobs that are available to architectural graduates. With the growing demand for green buildings, the opportunities in this field are only going to increase in the years to come.

If you are interested in a career in green architecture, there are a few things you can do to prepare. First, make sure you have a strong foundation in architectural design and construction. You can do this by getting a degree in architecture or a related field. Second, take courses or workshops on green building principles and practices. Third, gain experience working on green building projects. You can do this by volunteering with a green building organization or by getting a job with a green building firm.

With the right preparation, you can launch a successful career in green architecture. You can help businesses and organizations reduce their environmental impact and build a more sustainable future.

How people graduated with this course contribute to the real estate industry?

Dr. Anand: Bachelor of Architecture graduates are trained to design and build structures. They use their knowledge of engineering, construction, and design to create buildings that are both functional and aesthetically pleasing. In the real estate industry, B. Arch graduates can contribute in a number of ways, to state of few.

Designing And Planning New Developments: B.Arch graduates can use their skills to design and plan new real estate developments, such as office buildings, shopping malls, and residential complexes. They can also work with developers to ensure that projects meet all necessary zoning and safety requirements.

Appraising Real Estate: B.Arch graduates can use their knowledge of construction and design to appraise real estate. This involves estimating the value of a property based on its size, location, condition, and other factors.

Consulting With Real Estate Developers: B.Arch graduates can consult with real estate developers on a variety of issues such as site selection, zoning, and construction. They can also provide advice on how to make real estate developments more sustainable and environmentally friendly.

Teaching Architecture: B.Arch graduates can teach architecture at the college or university level. They can also teach courses on real estate development, construction, and design.

Starting Their Own Architectural Firm: B.Arch graduates can start their own architectural firm and provide design and consulting services to real estate developers and businesses.

B.Arch graduates can also contribute to the real estate industry in other ways, such as writing articles and books on architecture and real estate, or working as lobbyists for real estate interests. With their training and expertise, B.Arch graduates can play a significant role in shaping the real estate industry and the built environment.

Some examples of specifically how B.Arch graduates contribute to the real estate industry:

How do you think there should be awareness about this and encourage people to adopt this course?

Dr. Anand: Some of the ways to create awareness and encourage people to adopt this course are as follows:

Partner With Schools And Colleges: Partner with schools and colleges to offer information sessions and workshops about the B.Arch course. This can be a great way to reach out to potential students and their families.

Host Events And Competitions: Host events and competitions that showcase the work of B.Arch students. This can help to raise awareness of the field and show people what B.Arch graduates can do.

Work With Industry Partners: Work with industry partners to create internship and collaborative opportunities for B.Arch students. This can give students real-world experience and help them to make connections in the industry.

Create Online Resources: Create online resources, such as websites, blogs, and social media accounts that provide information about the B.Arch course. This can be a great way to reach a wider audience and share information about the field.

Since it is a perception that the course is very expensive and most of the people in India belong to middle-income families what are the scholarships for these aspirants and what other measures the college has taken?

Dr. Anand: Yes, since fee structures are varied across college it is a possibility that the B.Arch course can be expensive. However, there are a number of scholarships available for B.Arch aspirants from middle-income families. Here are a few examples:

The Government of India's National Scholarships: The Government of India offers a number of scholarships for B.Arch students, including the Maulana Azad National Scholarship, the National Talent Scholarship, and the National Merit Scholarship. These scholarships are awarded on the basis of merit and financial need.

The Council Of Architecture's Scholarships: The Council of Architecture (CoA) also offers a number of scholarships for B.Arch students, including the CoA Merit Scholarship, the CoA Need-Based Scholarship, and the CoA Women's Scholarship. These scholarships are awarded on the basis of merit, financial need, and gender.

Private Scholarships: There are also a number of private scholarships available for B.Arch students. These scholarships are often offered by businesses, organizations, and foundations. To find private scholarships, one can search online or contact your local architecture school.

In addition to scholarships, there are also a number of other financial aid options available for B.Arch students. These options include student loans, work-study programmes, and tuition waivers.

AT VESCOA we are making students aware of the various government schemes available. These schemes can be availed by students if they fit into any of the categories made available by the State Government of Maharashtra. The Government of Maharashtra has introduced the Direct Benefit Transfer (DBT) Service through which the beneficiaries can apply for benefit from Schemes of various departments such as ‘Social Justice and Special Assistance’, ‘Tribal Development’, ‘Directorate of Higher Education’, ‘Directorate of Technical Education’, ‘School Education and Sports’, ‘VJNT, OBC and SBC Welfare’, ‘Directorate of Medical Education and Research’, etc. This benefit is received directly into the Aadhaar linked bank account of the eligible beneficiaries. At VESCOA, we have various private scholarships for deserving needy students.

Education sector is turning into a big business opportunity, what do you think about this?

Dr. Anand: The education sector is indeed turning into a big business opportunity. This is due to a number of factors, including:

The Increasing Demand For Education: The global population is growing, and with it, the demand for education. More and more people are seeking higher levels of education, which is driving demand for educational institutions and services.

The Rise Of Online Education: Online education is becoming increasingly popular, as it offers a convenient and affordable way to learn. This is opening up new opportunities for businesses to provide educational content and services online.

The Growing Importance Of Lifelong Learning: In today's rapidly changing world, lifelong learning is essential for success. Businesses are increasingly offering educational opportunities to their employees to help them stay up-to-date on the latest skills and knowledge.

The growth of the education sector presents a number of opportunities for businesses. For example, businesses can:

Provide Educational Content And Services: Businesses can create and offer educational content and services, such as online courses, textbooks, and training programs.

Partner With Educational Institutions: Businesses can partner with educational institutions to provide funding, resources, or expertise.

Invest In Educational Technology: Businesses can invest in educational technology, such as software, hardware, and platforms.

Provide Educational Consulting Services: Businesses can provide educational consulting services to help businesses and individuals choose the right educational programmes and resources. The education sector is a large and growing market, and businesses that are able to capitalise on the opportunities presented by this sector will be well-positioned for success.

Here are some of the potential benefits of the education sector becoming a big business opportunity:

Increased Access To Education: The education sector becoming a big business opportunity can lead to increased access to education for people from all walks of life. This is because businesses are more likely to invest in education if they see it as a profitable venture.

Improved Quality Of Education: The education sector becoming a big business opportunity can also lead to improved quality of education. This is because businesses are more likely to invest in research and development in order to improve their educational offerings.

More Innovative Educational Methods: The education sector becoming a big business opportunity can also lead to more innovative educational methods. This is because businesses are more likely to invest in new and innovative ways to teach students.

Increased Job Opportunities: The education sector becoming a big business opportunity can also lead to increased job opportunities. This is because businesses need qualified employees to staff their educational institutions and programmes.

Overall, the education sector becoming a big business opportunity can have a number of positive benefits for society. It can lead to increased access to education, improved quality of education, more innovative educational methods, and increased job opportunities.

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