Develop India – Real Estate Strategies for Successful Organizations

Long-term development of the built environment in India will depend on leadership in finance, infrastructure, and sustainability. At the same time, people skills and business strategies are just as important as technical considerations in determining the long-range competitive advantage of projects, companies, cities, and states. For real estate investors and developers operating both inside and outside India, as well as for lenders, vendors, construction companies, and infrastructure providers, these urbanization issues are large and complex. Exploring the latest multidisciplinary academic, industry, and public policy insights, this new program equips you with the real estate tools, techniques, and strategies you will need to succeed in India.

Harvard Business School in India

As part of Harvard's mission to build a truly global university, HBS has been cultivating stronger and deeper connections with India's business environment for more than a decade. Our engagement in this region, initiated with case studies focused on companies operating in India, has gradually expanded to include development initiatives for faculty in India, specialized education programs, analysis of local business challenges through the India Research Center, and a new state-of-the-art classroom at the Taj Lands End in Mumbai. Now, more than ever, HBS is committed to fostering a worldwide exchange of knowledge that will drive economic growth for years to come—in India and around the world.

What You Can Expect

This high-level leadership development program enhances the ability of executives to address and benefit from new challenges in India's rapidly changing real estate markets. You will expand your knowledge of real estate fundamentals, including financial analysis, marketing, strategy, and capital structure. In addition, you will deepen your understanding of critical and timely tools, including planning, sustainability, and resource efficiency, in the context of large-scale urbanization and rapid economic growth. In addition, you and a distinguished group of peers will share diverse opinions and experiences, providing value that lasts long after the program ends.

Your Course of Study

Through relevant case studies, a personal action plan, and small group discussions with participants from India, the Middle East, and Southeast Asia, the program explores such globally relevant topics as: analyzing emerging supply and demand drivers and their attendant risks; designing projects and townships that serve market needs; identifying private-sector opportunities in public infrastructure investments; rationalizing incentives for the deployment of public and private capital; planning for the sophisticated use of scarce resources in both the development phase and in operations; and incorporating the latest design innovations to improve long-term corporate benefits and returns on investment.

Who Is Right for the Program

This program is designed for senior executives with significant real estate experience along the supply chain continuum within and outside India, including real estate developers, owners, investors, providers of real estate and infrastructure finance, and other industry service providers involved in manufacturing and construction. The program appeals to both India-based organizations and multinationals that seek to capitalize on opportunities in India.

Harvard Business School in India

The rapid emergence of India as a global economic power has increased the demand for business education that focuses on the unique challenges and opportunities in the Indian marketplace. At Harvard Business School (HBS), we offer specialized programs and initiatives that enable us to deliver unparalleled thought leadership, executive education, and best practices to managers of both local and global companies looking to compete in this region. Each Executive Education offering features accomplished faculty and premier facilities that accelerate learning, encourage engagement, and generate dynamic exchange among people from India and around the world.

A History of Broad Engagement

HBS has been researching and developing cases on companies operating in India for more than a decade. In 2006, we established the India Research Center (HBS IRC) in Mumbai to develop intellectual capital on the critical challenges facing the country’s business organizations and leaders in key industries. Two years later, Harvard Business Publishing established a wholly owned subsidiary in India, and HBS began offering Executive Education courses in Hyderabad and Mumbai.

Drawing on their experience and expertise, HBS faculty members have written more than 90 new cases specifically related to companies in India and South Asia—cases that are taught in our educational programs, distributed worldwide, and used extensively by Indian business schools. And in recent years, approximately 100 Indian faculty have participated in our Global Colloquium for Participant Centered Learning, where they learn from HBS faculty how to teach effectively using the case method.

A Mission of Global Proportions

Our longstanding commitment to India is an essential element of Harvard’s broader mission: to build a truly global university. Beyond targeted course offerings and local facilities, our involvement in the region includes the Harvard South Asia Initiative, which engages faculty and students across the University with the aim of advancing and deepening teaching and research on relevant global issues. In pursuit of the University’s broad-based mission, HBS will continue to build an infrastructure that provides leading-edge programs and resources to established and emerging managers across industries and borders—and explores India’s major long-term role in the global economy.

An Ongoing Commitment to Teaching and Learning

As India’s business environment continues to evolve, HBS continues to expand its ability to explore groundbreaking best practices, share its time-honored teaching methods with new audiences, and bring its global research to bear on the challenges facing executives doing business in the region. These efforts are fostering a worldwide exchange of knowledge that will drive economic growth for years to come—in India and around the world.

A New Facility in India

We are now able to deliver the full HBS experience in India in our new state-of-the-art classroom at the Taj Lands End in Mumbai. The Taj Lands End is an ideal location for the classroom with its proximity to the airport and the downtown area. Incorporated by the Tata Group, the Taj Lands End is currently headed by Mr. Ratan Tata, a graduate of Harvard Business School’s Advanced Management Program. This amphitheater-style space—virtually indistinguishable from the classrooms in Boston—features advanced multimedia capabilities that enable faculty and participants to fully replicate the HBS case method environment. With a seating capacity of more than 80 participants, the facility hosts courses for leaders in business, government, and academia on a wide range of subjects that include corporate social responsibility, building a global enterprise, case writing, and course development. It also is used throughout the year for the Harvard South Asia Initiative’s programs and symposia.

For more information, please contact:
Harvard Business School IRC
Telephone: +91-22-24916756
Fax: 0091-22-24900724
Email: harvardindia@hbs.edu

 

What You Can Expect

Helping Firms Plan, Invest, and Grow

Develop India: Real Estate Strategies for Successful Organizations provides the analytical tools, context, and strategic frameworks to help firms plan, invest, grow, and compete amid the highly complex and increasingly global factors that are reshaping India. Your firm will gain new approaches that will give it added flexibility to:

Enhancing Your Contribution as a Leader

Through relevant case studies, a personal action plan, and highly focused lectures, this intensive Harvard Business School program will help you address the unique challenges and opportunities that you face as you develop or invest in the built environment in India. Our groundbreaking curriculum, world-renowned faculty, and the shared insights and perspectives of an elite gathering of international peers will give you the elements you need to build a strategy for success that you can bring back and implement across your organization. You will:

"This program was an immense eye-opener. From innovative technologies to new operational models, we explored a large number of cases that were relevant to India. I found the introduction to international deal structuring models and product types to be especially helpful. This learning experience is an effective platform for senior executives to acquire new industry perspectives and lead their companies on the path to success."
Dinabandhu Patra [Founder and Managing Director], Founder and Managing Director

Your Course of Study

In keeping with Harvard Business School's unique approach, full-time HBS faculty members teach this Executive Education program. The rigorous curriculum features cases developed as field research in India and other emerging markets.

The program incorporates a personal action plan to help you focus on the specific milestones and obstacles facing your company in the context of the Indian real estate supply chain. Guided by HBS faculty members, you will be challenged to identify and refine your personal and organizational goals through a combination of analytical and comparative assessment tools and best practices. Based on this feedback, you will be encouraged to further develop action plans and frameworks that address your organization's short-term and long-range objectives.

In addition to providing a multidisciplinary and international perspective, the program enables you to learn from, and network with, an elite group of industry peers in valuable ways that extend far beyond the end of the program.

Major topics include:

Leadership and Strategy

Companies engaged in developing the new India must cope with immense volatility and complexity, not only from a financing standpoint, but also from the perspective of building an enduring business franchise. Key topics include:

Financial and Market Analysis

The success of India's development projects, and of the cities that contain them, will depend on efficiently sourcing and directing large amounts of equity and debt, and on effectively building and running the right projects. Key topics include:

Urbanization, Sustainability, and Policy

Projections for India indicate that more than 200 million people will move from the countryside to urban areas by 2020. This influx of workers—and of families needing resources—will drive individual real estate investments as well as the competitive advantage of cities. Key topics include:

Who Is Right for the Program

This program is designed for senior executives with significant real estate experience along the supply chain continuum, including real estate developers, owners, investors, providers of real estate and infrastructure finance, and other industry service providers involved in manufacturing and construction. The program appeals to large, well-established construction and real estate firms—both within and outside India—with significant capital to fund projects, as well as to entrepreneurial organizations that drive development projects through presales, private equity, and other forms of debt.

Typical participant titles include:

Meet the Program Faculty

Like all Harvard Business School Executive Education programs, Develop India: Real Estate Strategies for Growth is developed and taught by a core faculty of HBS professors. Our faculty members are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors.

Through publishing, consulting, and—most important—teaching, they leverage their business expertise and field-based research to create new knowledge and enduring concepts that shape the practice of management. The result is a teaching team that exposes participants to multiple perspectives, challenging their thinking and encouraging new practices that result in superior business leadership.

Shawn A. Cole, Associate Professor of Business Administration and Marvin Bower Fellow. Member of the Finance Unit.

John D. Macomber, Senior Lecturer of Business Administration. Member of the Finance Unit; CEO, BuildingVision, Inc.; faculty chair of "Develop India: Real Estate Strategies for Successful Organizations"; and faculty cochair of the "Real Estate Executive Seminar" and the "Real Estate Management Program."

Arthur I. Segel, Poorvu Family Professor of Management Practice. Member of the Finance and the Entrepreneurial Management Units; faculty cochair of the "Real Estate Executive Seminar," and the "Real Estate Management Program."

Admissions

Because a diverse participant mix is an important part of every HBS Executive Education program, we look for candidates who reflect a broad range of industries, functions, countries, and backgrounds to enrich the learning experience.

Fees, Payments, and Cancellations

The program fee covers tuition, books, case materials, accommodations, and most meals.

No payment is necessary until you have been accepted into an HBS Executive Education program. After admission notification, we will send you an invoice via email; payment is due within 30 days of the invoice date. If admission is within 30 days prior to the start of the program, payment is due upon receipt of the invoice. Payment is required prior to the program start date. We accept payment by company check or bank wire transfer. We do not accept payment by credit card. Details are included on the program invoice.

If you need to cancel or defer participation, you must submit your request in writing more than 30 days before the start of the program to receive a full refund. Due to program demand and the volume of preprogram preparation, cancellations or deferrals received 14 to 30 days prior to the start of the program are subject to a fee of one-half of the program fee. Requests received within 14 days are subject to full payment.

Requirements

Although there are no formal educational requirements, admission is a selective process based on professional achievement and organizational responsibility. We look for professionals who have demonstrated business talent and leadership potential.

HBS Executive Education programs enrich both participants and their sponsoring organizations, and require full commitment from each party. While participants devote time and intellect to the learning experience, sponsoring organizations agree to relieve individuals of their work responsibilities during the program.

Language Proficiency

We deliberately design our programs to encourage individual growth and to foster productive interaction among participants. For that reason, proficiency in written and spoken English is essential. If English is your second language, or if you have less than one year's experience working in an English-speaking environment, HBS requires a brief statement documenting proficiency in English-language skills, both conversational and written. This may include a list of the English-language certification programs that you have completed; the degrees you have earned at English-speaking colleges and universities; or the results of the Test of English as a Foreign Language (TOEFL) exam. The Admissions Committee also may request a telephone interview.

Application Process

Program participants must be nominated and sponsored by their current employer. HBS must receive your application and all required documents in order to prepare the application for review by the Admissions Committee.

To apply, you may use our online form or download an application. You also may request a brochure by mail.

If you submit your application online, we will promptly acknowledge receipt of your submission via email. In the unlikely event that an email acknowledgment is not received, please contact the Admissions Committee by email: exed_admissions@hbs.edu, phone: +1-617-495-6226, or fax: +1-617-496-1731.

If you choose to submit a printed application, be sure to type or print legibly and sign your application. Send the application to the address or fax number listed on the form. Mailed or faxed applications are processed and acknowledged promptly upon receipt via email.

Complete Your Application

Please answer all questions thoroughly—the Admissions Committee will only consider completed applications. After reviewing your application and making the necessary edits or corrections, print or copy the application for your records.

Meet the Deadlines

We request applications at least four weeks in advance of the program start date. Early application does not guarantee admission. Programs often fill to capacity, so early application is recommended.

Notification of Acceptance

We acknowledge receipt of all applications and maintain all application information in strict confidentiality.

To optimize the learning experience and maximize the exchange of ideas, the Admissions Committee selects a class that balances each participant's experience, the scope of his or her current responsibilities, and the type of organization.

The Admissions Committee begins reviewing applications four months before the start date, and qualified candidates are admitted on a rolling, space-available basis. Once the review process has begun, applicants are notified within three weeks via email regarding Admissions Committee decisions. If your application is received within three weeks of the program's start date, the Admissions Committee will notify you of their decision as soon as possible.

Need help?

For further assistance, contact our client service specialists at: 1-800-427-5577 (outside the U.S., dial +1-617-495-6555).