With 28 years of combined experience in civil engineering, law, and real estate, Yomesh Rao embodies expertise and dedication in the industry. Holding a Bachelor’s Degree in Civil Engineering and subsequent degrees in Law, including an LLB and LIM in Environmental Law, Yomesh’s journey reflects a commitment to both practical knowledge and legal acumen. Currently serving as the Hon. Secretary of PEATA (Practising Engineers, Architects and Town Planners Association) and the Chairman of CVSRTA, Yomesh is deeply ingrained in the professional community. Additionally, as a member of prestigious institutions like the Institution of Engineers and the Institution of Valuers, Bombay/Mumbai Chapter, he brings a wealth of experience and insight to the trade. Yomesh’s dedication extends beyond his professional roles; he actively participates in knowledge-sharing initiatives, delivering presentations and seminars at industry events. Notably, his involvement with Greenlandry events. Management demonstrates a forward-thinking approach to environmental sustainability, emphasizing the importance of innovation in shaping the future of real estate.
The Bread and Butter of Business
Real estate’s foundational importance in the business world cannot be overstated. As one industry expert puts it, “Real estate is the bread and butter industry. If you learn this trade, any other trade is very easy.” Mastering real estate, and its own capital skills like market analysis, negotiation, and financial acumen, which are valuable in virtually any business setting.
Diverse Opportunities
The real estate industry offers a spectrum of opportunities, from residential and commercial sales to property management and development. Gaining a broad understanding of these areas can open multiple career paths. As noted, “Real estate is a spectrum, if somebody is coming in from a business perspective, he should do everything of it.
You should be a jack of all trades initially.” This broad experience not only builds versatility but also provides a solid foundation for specialising later on.
Learning and Experience
For newcomers, the initial focus should be on learning and gaining experience rather than immediate financial gain. “The new entrant or the person who’s just started real estate should understand that first and foremost. forget about the money part initially. Initially just work hard, learn as much as you can, and make the mistakes that you will ever do in life.” This period of intensive learning is critical for building the knowledge base and skills necessary for long-term success.
Continuous Learning and Work Ethic
A strong work ethic and continuous learning are essential in real estate. “I believe a strong work ethic is necessary in real estate. You should always keep upgrading yourself; the moment you stop that you are out of the race.”
The real estate market evolves rapidly, and staying competitive requires a commitment to ongoing education and skill enhancement.
Ethical Practices and Transparency
In real estate, ethical practices and transparency are crucial for sustained success. “There are no shortcuts in real estate. The good developer, the ethical ones, teach you the real way of doing work. Try to do things transparently. The shortcuts really don’t work in the long run.” Upholding integrity and following proper procedures build a reputation for reliability and trustworthiness, which are invaluable assets in this industry.
Promising Future
The future of real estate looks promising, with a continued demand for premium locations and larger spaces. “Real estate is in, and the way I look at it, I think people are still looking for larger offices, bigger offices, creamier locations. I illustrate for the next 10 years I don’t see anything going anywhere. It’s just going on an uptend.” This trend suggests robust growth opportunities and a bright future for those involved in the industry.
In conclusion, real estate offers a dynamic and rewarding career for those willing to learn, work hard, and uphold ethical practices. By embracing continuous learning and maintaining a strong work ethic, professionals can navigate the real estate spectrum successfully, contributing to its ongoing growth and evolution.
