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RICS to set up institute for real estate in India

— PHOTO: RAJEEV BHATT

ELEVATING THE STANDARD: Peter Goodacre (right), President, RICS, with Sachin Sandhir, Managing Director, & Country Head, at a press conference in New Delhi on Thursday.

NEW DELHI: U.K.-based Royal Institution of Chartered Surveyors (RICS), a leading organisation of its kind in the world for professionals in property, land, construction, and related environmental issues, on Thursday announced its entry into India and setting up of an institute for the real estate sector in the country.

Over one lakh property professionals working in the major established and emerging economies of the world have already secured the RICS status by becoming its members. In India, RICS has appointed renowned members of the Indian property sector to form a review panel to ensure that RICS membership is awarded to professionals in India who will maintain exemplary standards.

Speaking at a press conference here, RICS Global President Peter Goodacre said the institution brought together different skills involved in real estate decision making.

“Our mission in India is to work towards elevating the standard of professional performance in the Indian real estate industry and to bring in the international standards and best practices to India,” he added.

RICS CEO Louis Armstrong said the company was committed to advancing and setting standards across the world and across property sectors for the benefit of occupiers, investors, developers, consumers and the environment.

Managing Director and Country Head Sachin Sandhir said RICS would look to establish the ‘RICS qualification’ as a benchmark for professionals working in land, construction and property related areas in India. RICS would also work with some of India’s leading universities and institutions in developing education standards relevant for the industry, he added.

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