Tribhuvan University
Faculty of Management
Office of the Dean
Bachelor of Business Management (BBM)
Course Description
:This course has been developed to provide an in-depth understanding of the theories, principles, and practices of real estate management with a focus on the Nepalese and global contexts. It covers the economic, financial, and legal aspects of real estate, highlighting valuation, investment, etc., emphasizing sustainability. The course aims to develop managerial, analytical, and decision -making skills for promoting and managing real estate assets, projects, and portfolios. Students will be familiar with how real estate markets operate, how properties are developed and financed, and how effective management contributes to national economic growth and urban development. By integrating theory and practice, the course will prepare students to examine and analyze real estate trends, explore investment opportunities, and apply innovative strategies for sustainable and ethical property management.
Course Objective
:The major objectives of the course are to enable students to understand the fundamental concepts, types, and dynamics of real estate and property management; examine the economic, legal, and regulatory frameworks governing real estate markets in Nepal; evaluate land use planning, urban development, and housing policies; apply valuation method s and investment analysis techniques in real estate decision -making; examine the roles of stakeholders especially developers, investors, financial institutions, and government in real estate markets; and formulate strategies for sustainable, ethical, and profitable real estate management. Course Description This course has been developed to provide an in-depth understanding of the theories, principles, and practices of real estate management with a focus on the Nepalese and global contexts. It covers the economic, financial, and legal aspects of real estate, highlighting valuation, investment, etc., emphasizing sustainability. The course aims to develop managerial, analytical, and decision -making skills for promoting and managing real estate assets, projects, and portfolios. Students will be familiar with how real estate markets operate, how properties are developed and financed, and how effective management contributes to national economic growth and urban development. By integrating theory and practice, the course will prepare students to examine and analyze real estate trends, explore investment opportunities, and apply innovative strategies for sustainable and ethical property management.
Course Contents:
Lecture hours show the approximate classroom time allocated to each unit.
Unit 1. Introduction to Real Estate Management
- Meaning, nature, and scope of real estate management
- Importance of real estate in the national economy
- Types of real estate: residential, commercial, industrial, agricultural, and special - purpose properties
- Real estate market dynamics and participants
- Real estate life cycle and decision-making process.
Unit 2. Legal and Regulatory Framework in Real Estate
- Land ownership and property rights in Nepal
- Legal aspects of property transfer, registration, and documentation
- Key real estate legislations: Land Act, Land Revenue Act, Urban Planning Act, Apartment Ownership Act (Samyukta Awaas Swamitwa Sambandhi Ein) , Town Development Act
- National Building Codes
- Role of Ministry of Urban Development, Land Revenue Office, Housing Development Authorities
- Ethical and legal issues in real estate transactions.
Unit 3. Land Use Planning and Urban Development
- Concept and significance of land use planning
- Urbanization trends and challenges in Nepal
- Master plans and zoning regulations
- Real estate development process and stakeholders
- Sustainable urban development and environmental concerns.
Unit 4. Real Estate Valuation and Appraisal
- Concept and objectives of property valuation
- Methods of valuation: cost, market comparison, income capitalization, residual, and development methods
- Factors influencing property value
- Valuation of land, buildings, and special properties
- Role of professional valuers and surveyors
- Report writing and ethical considerations in appraisal.
Unit 5. Real Estate Investment and Finance
- Concept and scope of real estate investment
- Risk and return in real estate investments
- Sources of real estate finance: banks, microfinance, real estate funds, Real Estate Investment Trusts (REITs)
- Mortgage markets and instruments
- Real estate project financing and feasibility analysis
- Financial modeling and ROI assessment.
Unit 6. Property Management and Maintenance
- Concept and objectives of property management
- Facility management and maintenance planning
- Lease management and tenant relations
- Property marketing and customer service strategies
- Technology in property management (PropTech, digital records, AI applications)
- Sustainability practices in property maintenance.
Unit 7. Real Estate Marketing and Project Management
- Marketing mix in real estate
- Market research and segmentation
- Real estate branding and promotion
- Project planning, scheduling, and implementation
- Risk management and project evaluation
- Case study: Real estate development in Nepal (housing projects, commercial complexes, or tourism properties).
Unit 8. Emerging Trends and Challenges in Real Estate
- Digital transformation and smart technologies in real estate
- Green buildings and sustainable housing
- Real estate in the informal sector and rural housing challenges
- Post-disaster housing reconstruction (Nepal context)
- Global real estate trends and implications for developing nations.
Suggested Readings:
Ball, M., Lizieri, C., & MacGregor, B. D. (19 99). The Economics of Commercial Property Markets. Routledge. Brown, G., & Matysiak, G. (2020). Real Estate Investment: A Capital Market Approach. Routledge. Brueggeman, W. B., & Fisher, J. D. (2021). Real Estate Finance and Investments (17th ed.). McGraw Hill. Gopalan, S., & Venkataraman, R. (2018). Real Estate Management: Principles and Practices. PHI Learning. Government of Nepal. (2017). National Urban Development Strategy. Ministry of Urban Development. Gupta, S. (2021). Property Valuation and Real Estate Economics.Himalaya Publishing House. Ling, D. C., & Archer, W. R. (2022). Real Estate Principles: A Value Approach (6th ed.). McGraw Hill. Building Bylaws, 2072 Kathmandu Metropolitan City Development Act, 2075 Kathmandu Valley Development Authority Act, 1988 (2045 BS) Land Act 2021 (1967) Land Revenue Act, 2034 (1978) Local Self Governance Act, 1998 Samyukta Awaas Swamitwa Sambandhi Ein, 2054 Town Development Act, 2045 BS (1988)