Bangalore: Realty player Century Real Estate and the Indian Institute of Management Bangalore, have inked a MoU for setting up the IIMB-Century Real Estate Research Initiative.
The IIMB-Century Real Estate Research Initiative will focus on collecting data and conducting scientific, cross- disciplinary research on the Indian real estate sector that will be published in leading academic and practitioner journals, IIMB Director Pankaj Chandra said in a statement.
In addition, the Research Initiative will seek to provide guidance and policy prescriptions to government and industry stakeholders on major issues relating to the real estate sector, he said.
P Dayananda Pai, Founder-Century Real Estate, said there was a "tearing need" for such an initiative in the real estate space that will focus on research besides acting as an interface between the industry and the policy makers "and eventually churn out quality human resource for this sector."
"The initial charter for the Research Initiative will be to create taxonomy of relevant data that will be required to do meaningful research, initiate research projects that fill key knowledge gaps and engage with key stakeholders within the industry," said Prof Venky Panchapagesan, who has been leading the effort to set up this initiative at IIMB.