Interview with Abhay Kumar, Entrepreneur & Founder Director at Institute of Real Estate and Finance (IREF)
Abhay Kumar is a founder Director at Institute of Real Estate and Finance (IREF). He is B.E, MBA from Symbiosis (SIMS) and Masters in Labor Law. As an entrepreneur, Abhay Kumar has 1more than 15 years of experience in the Real Estate Sector.
Tell us a little about yourself
Abhay Kumar: Coming from a modest background, I completed my academic pursuit in Engineering and Master’s in Business Administration from the renowned institution of Symbiosis.
Prior to embarking on my entrepreneurial venture, I had the honour of serving in a leadership capacity as a Key Account Manager for a prestigious Indian IT firm, where I played a pivotal role in steering their Enterprise Application division’s Central American operations to success, executing large-scale IT initiatives throughout the region.
At present, I am entrusted with overseeing the comprehensive marketing and operational strategies of Reddvise and IREF across diverse cities and verticals.
Additionally, I am passionately engaged in mentoring early-stage startups in the spheres of Real Estate, Technology, and Services in collaboration with the esteemed Incucapital establishment.
Kindly brief us about IREF and its specialization
Abhay Kumar: Institute of Real Estate and Finance (IREF) was initially set up as a Real Estate, Construction and Finance focused higher education institute based out of Pune.
IREF was formally conceptualized in the year 2010 and we started our full-time Post-Graduate Program in Real Estate and Construction Management in association with Symbiosis Institute of Management Studies, Pune in 2016.
Over a period of around 10 years, the institute we have become a leading institution in the field of education, research and certification for real estate, construction and finance Industry.
With more than 3000+ certifications, we are focused on imparting quality education with the use of advanced technology, state-of-the-art infrastructure, high-quality content, and professional trainers and thus delivering an exhaustive curriculum in sync with the expectations of the industry.
At IREF, we also focus on providing an overall knowledge of technical, functional and managerial skills to our students and groom them towards making them future real estate managers and leaders.
The reason why IREF is associated with various institutions and professional bodies of repute like Symbiosis Institute of Management Studies (SIMS), Pune Construction Engineering Research Foundation(PCERF) and National Real Estate Development Council (NAREDCO) to create unparalleled academic standards and a research-oriented approach towards the field of Real Estate, Construction and Finance.
What inspired you to start a management institute catering specifically to professionals in the real estate, construction, and finance industries?
Abhay Kumar: I was inspired to establish a management institute catering specifically to professionals in the real estate, construction, and finance industries due to the immense potential for growth and development in these specialized domains.
Having witnessed firsthand the need for high-quality education and training in these areas, I recognized a significant gap in the market that could be addressed through the establishment of a dedicated institution of excellence.
I was also driven by a passion for education and a desire to empower individuals with the knowledge and skills necessary to succeed in these dynamic industries.
The real estate, construction, and finance sectors are critical components of any economy, and I recognized the importance of nurturing talent and building a pipeline of skilled professionals who could make meaningful contributions to these industries’ growth and development.
Thus, with a vision to create a premier institute dedicated to these fields, I embarked on this entrepreneurial journey, leveraging my expertise and industry insights to establish an institution that would set new benchmarks in education, research, and certification for professionals in real estate, construction, and finance.
How do you differentiate your institute from other management institutes that cater to a broader range of industries and professions?
Abhay Kumar: In an intensely cut-throat and swiftly advancing domain of management education, the Institute of Real Estate and Finance (IREF) distinguishes itself through its specialized curricula in the areas of Real Estate Management, Construction, and Finance Education.
With a global presence in 15+ countries and a student base of over 5000+ individuals, we are committed to delivering top-notch education by leveraging state-of-the-art infrastructure, industry experts, high-quality content, and a comprehensive curriculum that is in sync with industry expectations.
Our vast network of 500+ engineering and management colleges across India enables us to reach a larger audience and offer a more diverse range of educational opportunities.
IREF has also been at the forefront of shaping industry policy through our active involvement in the development of the Real Estate (Regulation and Development) Act 2016.
As the only private institution invited to provide valuable inputs in the RERA bill, IREF has played a significant role in shaping industry policy and driving positive change in the real estate, construction, and finance sectors.
We also take pride in our vast alumni network of professionals in the real estate, construction, and finance sectors in India, which reflects the quality of education and training provided at IREF.
Additionally, we have trained and certified over 1000 employees in these specialized domains, establishing ourselves as a leading institution dedicated to providing specialized education and training in these industries.
Moreover, at IREF, we strive to make quality education affordable and accessible to all. We have tie-ups with financial institutions for student loans, making it easier for aspiring professionals to pursue their dreams and achieve their goals.
What types of courses and programs does your institute offer, and how do you ensure that they are tailored to the needs of professionals in these industries?
Abhay Kumar: The Institute of Real Estate and Finance (IREF) offers a wide range of courses and programs to cater to the diverse needs of professionals in the real estate, construction, and finance industries.
These programs include both on-campus and distance learning options, ranging from post-graduation to graduation and certification courses.
At IREF, we also recognize that placement and internships are critical components of a successful education experience.
Therefore, we have a dedicated placement and internship team that works closely with our students to provide them with opportunities to interact and work with business leaders in the industry.
Our placement and internship team ensures that our students receive pre-placement offers and are placed in top organizations.
Our value partners and associates for placements ensure that our students are placed in good organizations, and we assure 100% placement to all our full-time students.
Overall, at IREF, we strive to provide our students with the best education and training opportunities, ensuring that they are equipped with the knowledge and skills necessary to excel in their careers.
How do you stay up-to-date with the latest trends and developments in the real estate, construction, and finance industries to ensure that your institute’s curriculum remains relevant and effective?
Abhay Kumar: At the Institute of Real Estate and Finance (IREF), we understand the crucial importance of adapting our courses and programs to cater to the specific needs of professionals operating in the real estate, construction, and finance sectors.
To achieve this, we have established a dedicated team that works closely with industry experts to design and update our curriculum regularly.
Our team ensures that our courses and programs incorporate the latest industry trends, developments, and best practices.
We also collaborate with reputed institutions and professional bodies in these industries to stay abreast of the latest advancements and trends.
Our faculty members and trainers are highly experienced industry experts with deep knowledge and expertise in the domains of real estate, construction, and finance.
This guarantees that our students receive a comprehensive and practical education that equips them with the knowledge and skills required to excel in their respective fields.
How do you see your institute evolving and growing in the future, and what plans do you have to expand
Abhay Kumar: As we move forward, we envision the Institute of Real Estate and Finance (IREF) as a premier institution that not only caters to the growing demand for skilled professionals in the real estate, construction, and finance industries but also sets new benchmarks in education and training.
We plan to expand our reach globally and establish partnerships with leading universities and institutions to provide our students with international exposure and opportunities.
In addition, we plan to introduce new and innovative courses and programs that cater to the emerging needs of these industries.
We also aim to enhance our research capabilities to contribute to the industry’s growth and development.
Our focus will continue to be on delivering quality education and training that prepares our students to excel in their careers and become leaders in their fields.
What are your success tips for young and aspiring entrepreneurs
Abhay Kumar: As a seasoned entrepreneur, I have learned that success in entrepreneurship requires a combination of passion, perseverance, innovation, and adaptability.
Young and aspiring entrepreneurs should focus on developing a deep understanding of their target market, identifying unmet needs, and creating innovative solutions to address those needs.
It is also important to maintain a flexible mindset and be open to pivoting and adapting to changing market conditions.
More importantly, it is important to maintain a strong work ethic and remain committed to achieving your goals, even in the face of obstacles and setbacks.
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