Infrastructure is a key driver ofany country's overall
development. As far as the scenario in India goes, the
sector enjoys intense focus from the Public Sector and
the Private Sector alike, for initiating policies and
projects that would ensure time-bound creation of world
class infrastructure in the country.
Few pointers on the future prospects of sector -
The same story goes for the Real Estate Sector of the
country. The Indian real estate market size is currently
estimated at US$ 120 billion and expected to touch US$ 180
billion by 2020. The housing sector alone contributes 5-6
per cent to the country's gross domestic product (GDP).
Further, Real estate has emerged as the second most active sector, raising US$ 1.2 billion from private equity (PE) investors in the last 10 months.Foreign investors have bought tenanted office space worth over US$ 2 billion in India in 2014, a four-fold rise compared to the previous year, in order to increase their rent-yielding commercial assets in Asia's third largest economy.
Keeping in view the increasing significance of the Sector to the country's economy and development in general, and its promising future, the students at Indian Institute of Foreign Trade, Delhi have setup the Infrastructure and Real Estate (INFRA) Cell.
INFRA Cell has been setup with the objective of promoting careers in the Infrastructure and Real Estate Sectors and to prepare students for the careers in the sectors. To achieve the objectives, the cell aims to organize Guest lectures with the who's who of industry, Interaction Sessions with Alumni working in the industry; besides organizing Competitions and Live Projects for the students.
The members of the Cell come from both the concerned sectors and other sectors. Overwhelmingly, about one-fourth of the current pool of student at IIFT have expressed their interest to be the part of the cell, with a significant number of students having a prior work or educational experience related to the Infrastructure and Real Estate Sectors.
With the setting up of the Cell, IIFT Delhi joins the league with institutions like IIM Bangalore, ISB Hyderabad, IIM Ahmedabad; which have taken initiatives specific to the Infrastructure and Real Estate Sectors.
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