Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive, permanent, or semi-permanent functional activities to produce products or services. In practice, the management of these two systems is often quite different, and as such requires the development of distinct technical skills and management strategies. Our focus in this CoE will be limited to Real Estate Projects.

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing." It is a legal term used in jurisdictions such as India, the United States, United Kingdom, Canada, Pakistan, Australia, and New Zealand.

  • − India might not yet boast of Bhurj Khalifa, Shanghai Tower or One World Centre but boasts of some of the smartest and most modern offices in the world
  • − Focus increasingly on efficient, environment friendly and utilitarian structures
  • − Vertical would draw on domain experts from the membership base to guide and advise the vertical
  • − Vertical would collate information on latest trends and new technologies and publish reports to help members
  • − It would also conduct paid audits and surveys for members at their request
  • − Members can draw on vertical expertise to seek advice on projects
  • − Vertical would vet and empanel pool of reputed consultants/architects/engineers/vendors to help members select suitable professionals for their projects