Diploma in Estate Management: Details, Admission, Colleges & Jobs

Last Updated on July 30, 2023 by Vishnu Nambiar

Have you passed 12th standard? Do you want to pursue a short-term diploma course after 12th? Do you want to build a decent career in real estate management sector? If yes, this post will be of help to you. Here, we will have an in-depth analysis of Diploma in Estate Management course.

In this post, readers will find the following details – in-depth analysis of estate management, course-details, duration, eligibility criteria, syllabus, colleges, admission process, fees and career prospects.   Come, let us take a quick look at the overview of this training program. Here it is –

• Name of the course: DEM (Diploma in Estate Management)
• Type of course: Diploma
• Duration: 6 months
• Minimum qualification required: Completed Graduation OR Passed 12th class with 2 years of government/local bodies work experience

  Diploma in Estate Management is a short-term training program. Unlike 2-3 years diploma courses, this one is just six months long. The program deals with various aspects of real estate management.   Bachelor’s Degree holders or 12th passed candidates with adequate work experience are eligible to pursue this course. In short, this post has been crafted keeping their needs in mind.   Come, let us have an in-depth analysis of the domain – estate management. What is estate management all about? What is it like to work in this domain? You will find answers to these questions in the next section. Let us start –  

Estate Management: Basic Details

Estate management is also known as real estate management or property management. This domain deals with the operation, control, maintenance, oversight and sale of real estate and physical property.   Property/Estate management deals with residential, commercial and land real estate. It is a vast domain. Like any other asset, real estate or physical property needs to be taken care of and monitored. Estate managers are professionals who are capable of carrying out this task.   Let us consider an example – a tea plantation. This plantation is a piece of land spread over few acres. It houses different types of resources such as – vegetation, relevant equipment, irrigation system, physical structures and assets etc.   Without proper care and management, the plantation won’t thrive and prosper! This is where an estate manager comes handy. He/she is responsible for taking care of the plantation and its overall management.   The estate manager takes care of aspects such as – operations, maintenance, oversight and overall maintenance. He/she is also responsible for man-management, finance management as well as materials management!   Based on the type of property, an estate manager may also deal with aspects such as – accounts and finance management, litigation, agreements etc. They may also play an important role in facilitating a property’s sale.   In order to build a decent career in this sector, one must possess the following qualities and/or skills –

• Management skills
• Finance & accounts management
• Legal aspects
• Communication skills
• And more…

  Come, let us take a close look at the course now. Here is everything you need to know about Diploma in Estate Management course –  

Diploma in Estate Management: Course Details

As the name suggests, this is a diploma certificate program. Unlike 2 and 3 years long diploma programs, this one is a short-term training program. This program is well known as DEM. DEM course is just 6 months long.   This post has been crafted keeping the needs of Bachelor’s Degree holders in mind. Graduates may glide through this training program and acquire key estate management skills. Even 12th passed candidates may pursue this course. But they must possess adequate work experience though.   Come, let us take a close look at aspects such as – eligibility criteria, syllabus and duration. Here us everything you need to know –  

Type of course

As the name suggests, it is a diploma certificate program. It is a short-term training program.  

Duration

The course is six months long.  

Eligibility criteria

Completed Bachelor’s Degree from a recognized college OR Completed 12th standard from a recognized board with 2 years of government or local bodies work experience.  

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Syllabus

Here are some of the popular subjects present in DEM course –

• Communication skills
• Market analysis
• Inspection and repairs
• Insurance
• Mortgage finance
• Property management
• Rentals and sales
• Accounting and finance

 

Colleges

The following centers of All India Institute of Local Self-Government are known to offer DEM program –

• Pune
• Nagpur
• Mumbai

 

Fees

Tuition fees depends upon factors such as – type of college, scholarship status of the candidate, location of the college etc. On an average, government colleges may charge anywhere between 2-5K INR.  

Admission Process

Admission process may vary from one college to another. Three main modes of admission are as follows – merit based admission process, direct admission process and donation based admission process.   If you want to get into a good private college or government college, you must crack relevant entrance examination or selection test. This process is known as merit based admission process. Some private colleges, which have access to a large number of vacant seats, usually conduct direct admission process (first come, first served basis). Some other private colleges are known to carry out donation based admission process.  

Career prospects

Property managers are usually hired by –

• Real estate firms
• Builders and developers
• Plantations
• Resorts
• Farm houses
• Housing finance firms

  Apart from that, they may also choose the path of self-employment. Self-employment opportunities include – becoming a real estate broker, starting real estate consultancy etc.