College: Institute of Graduate Programs

This specialization provides a comprehensive understanding of the financial principles, processes, and strategies involved in real estate development. Students explore key areas such as real estate investment, land use planning, construction management, real estate law, and sustainable development. The program focuses on practical skills in market analysis, project financing, and risk assessment, preparing graduates for careers in real estate development, urban planning, real estate investment, and commercial property management.

Learning Objectives:

• Understand the fundamentals of real estate markets, investment, and property valuation.
• Develop skills in site selection, land acquisition, and project feasibility analysis.
• Learn techniques for financing and managing real estate projects.
• Explore the legal and regulatory frameworks impacting real estate development.
• Study the principles of sustainable development and smart city planning.
• Analyze market trends, economic factors, and risk assessment in real estate development.
• Apply real-world strategies to the planning and execution of real estate projects.

Main Outline:

1. Introduction to Real Estate Development - An overview of the industry, key players, and market dynamics.
2. Real Estate Market Analysis and Evaluation - Techniques for assessing property values, market demand, and investment potential.
3. Land Use Planning and Zoning Regulations - Study zoning laws, land policies, and urban development strategies.
4. Real Estate Financing and Investment - Understanding real estate finance, mortgage, and investment strategies.
5. Construction and Project Management - Basics of construction planning, budgeting, and execution.
6. Real Estate Law and Contracts - Legal aspects of real estate transactions, lease agreements, and land use regulations.
7. Sustainable and Smart Development - Green building techniques, environmental impact assessments, and smart city concepts.
8. Development of Commercial and Residential Properties - Strategies for developing office spaces, shopping centers, and housing projects.
9. Risk Management and Property Insurance - Techniques for identifying, assessing, and mitigating development risks.
10. Capstone Project in Real Estate Development - Develop a real estate project proposal with market and financial analysis.

Assessment Methods:

• Case studies on real estate market research and investment.
• Site planning reports and feasibility analysis.
• Business plans for real estate projects.
• Internships with real estate companies, developers, or urban planning agencies.

Recommended Textbooks:

• "Real Estate Development: Principles and Process" by Mike E. Miles, Laurence M. Netherton, and Adrienne Schmitz.
• "The Real Estate Game: The Intelligent Guide to Decision Making and Investment" by William J. Poorvu.
• "Professional Real Estate Development: The ULI Guide to the Business" by Richard Peiser and David Hamilton.

Prerequisites:

Basic knowledge of business, finance, or urban planning is recommended.

Duration of Specialization:

Typically 3 to 4 years, including coursework, practical projects, and internships.

Target Audience:

Aspiring real estate developers, real estate investors, city planners, and professionals seeking expertise in business and real estate development strategy. This specialization equips students with the financial, legal, and strategic skills necessary to develop successful real estate projects, drive urban growth, and create sustainable real estate investments.