Career in Real Estate Law in India

An advocate practising real estate law are licensed professional who drafts legal contracts of the sales done while buying or selling properties. A real estate lawyer holds an LLB degree which is a necessary qualification in order to become a real estate lawyer. They are proficient in skills like research, resolving disputes, reviewing and preparing legal documents, communication and writing. There are many types of real estate lawyers – Property advocates, Property dispute lawyers, Assistant Managers (Legal) in the Real estate division, RERA lawyers, and Legal advisors – Real estate.

Industry type	Real Estate
Eligibility	Candidates should have a valid graduation degree in any discipline from a recognised university with a valid AILET, CLAT, LSAT India etc. score
Job Prospects	Legal Advisor-Real Estate, RERA Lawyer, Assistant Manager (Legal) – Real Estate Division, Property Advocate and Property Dispute Lawyers
Average Salary (initially)	INR 5 lakh
Top recruiting companies for a real estate lawyer	DSK Legal, Real Estate Regulatory Authority, Shardul Amarchand Mangaldas & Co, L&L partners law office etc.

Why Become a Real Estate Lawyer? 

According to the estimates, real estate is about to grow exponentially going from US $120 billion (INR 9,945,179,640) in 2017 to US $ 1 trillion ( INR 8,27,48,50,00,00,000) in 2030. Considering this fact, a career in real estate law will also be quite in demand as people would need legal consultation from advocates to resolve disputes related to their properties. Even if keep these stats aside, then also there will always need for lawyers practising real estate law.

Educational Requirements 

To pursue a career in real estate law one needs to have a UG or PG degree in the field of law. Following are courses that students can pursue in order to become a real estate lawyer. 

BA LLB 

This course imparts comprehensive knowledge of the Indian legal system by making them go through the Drafting & Pleading, Business Law, Constitutional Law and Code of Civil Procedure. This course lasts around 5 years, after which students can enjoy a lucrative and promising career.  

Admission Process for BA LLB 

• To get into top-notch institutes in India that offer quality-driven law courses students should strive to score well in the common entrance exams organised at national and state levels like CLAT, MH CET Law, AILET, LSAT, CULEE etc.
• Students can apply for either one of the national or state exams or can even take up both exams.
• There are few institutions in the country like the Unitedworld School of Law that offer merit-based admission to students for law courses but it is generally advisable to take up the national and state-level entrance exams in order to get into top-notch law colleges of India. 

Entrance exams for BA LLB

The following table represents the name of the entrance exams conducted for BA LLB and their important dates:  

Entrance Exam Name	Registration Dates	Exam Dates
BHU UET	9th Feb 2023	21st to 31st May 2023
AILET	September 2023 (expected)	December 2023 (expected)
CLAT	First week of August 2023 (expected)	December 2023 (expected)

BA LLB Eligibility

The eligibility criteria are as follows:

1. The candidate must have completed 10+2 from a recognised board in India. 
2. The candidates appearing for 12th class examinations can also apply, considering they fulfil the minimum marks criteria stated by the institution. 
3. The average minimum percentage of marks required for appearing in the entrance examinations is 50% – 60%. However, the minimum percentage criteria may differ from college to college.
4. Candidates belonging to SC/ ST/ OBC/ PwD category gets the relaxation of 5% in the percentage requirement.
5. Some colleges may also set an upper age limit for appearing for enrolling in BA LLB courses. 

Master of Legislative Laws

LLM is a PG degree course focussing on different aspects of law in depth such as Judicial process, Constitutionalism, Legal research and methodology etc. with a keen focus on International Law, Business Law, Criminal law and Corporate law. 

Admission Process for LLM 

• In order to get enrolled in LLM courses students need to appear for entrance exams like CLAT, LSAT, IPU CET, DUET etc. 
• Candidates have to fill out an online application form on the official website of the institution and pay the stated admission fee through the online payment gateway.
• The final results of the entrance exam will be available on the official website of the institution or the exam conducting authority’s website. Candidates are advised to keep themselves updated with important events and notifications of the examination. Upon receiving the offer for admission, they should pay the fee as soon as possible to avoid any lapses at the last minute. 

Entrance Exams 

The table below represents some of the popular entrance exams conducted to enrol students for LLM: 

Entrance Exam Name	Registration Dates	Exam Dates
CLAT	First week of August 2023 (expected)	December 2023 (expected)
AILET	September 2023 (expected)	December 2023 (expected)
LSAT India	November 2023 (expected)	Happens in 2 sessions – January 2024 & June 2024
DU LLM	1st week of April (expected)	June 2023 (expected)

Top Colleges in India 

The table below represents some of the famous colleges in India along with their fee structure that offers a degree in law. 

College Name	State	Fees
New Law College, Bharati Vidyapeeth	Pune, Maharashtra	INR 6K
Maharashtra National Law University	Nagpur, Maharashtra	INR 25k
School of Law, Sushant University	Gurgaon, Haryana	INR 95k
Niranjan Hiranandani School of Real Estate	Mumbai, Maharashtra	INR 10 lakh
SVU – Shri Venkateshwara University	UP	INR 1 lakh – 3 lakh
American Academy of Financial Management India	Delhi	INR 41K
NLU Kolkata (NUJS) The West Bengal National University of Juridical Sciences	Salt Lake City, Kolkata	INR 2.42 lakh (1st-year fees)

Also Read: Certificate courses in Law

Skills You Need to Become a Real Estate Lawyer

Following are some of the skills that are essential to building a successful career as a real estate lawyer: 

• People skills
• Dispute resolution
• High negotiation ability
• Good listener
• Analytical skills
• Excellent communication skills
• Proficient in real estate laws
• Contract drafting
• Research
• Writing skills 

Career and Job Prospects 

Being a real estate lawyer gives one the opportunity for a promising career in terms of money and status.

Job Designation and Salary

The table below represents different job profiles in the field of real estate law and the average annual salary of each profile. 

Job Profile	Average Salary p.a
Legal Advisor-Real Estate	INR 5 lakh – 25 lakh
RERA lawyer	INR 5,30,000 – 11lakh
Assistant Manager (Legal) – Real Estate Division	INR 5,30,000 – 11lakh
Property Advocate	INR 5 lakh – 23 lakh
Property Dispute Lawyers	INR 6 lakh – 40 lakh

City Wise Salary of Real Estate Lawyers

The following table represents the different cities and average salary offered to real estate lawyers:

Cities	Average Annual salary
Mumbai	INR 9 lakh – INR 9.5 lakh
Lucknow	INR 1.5 lakh – INR 2 lakh
Kochi	INR 12 lakh – INR 15 lakh
New Delhi	INR 8 lakh – INR 8.5 lakh
Hyderabad	INR 5.5 lakh – INR 6 lakh

Also Read: BA LLB subjects

FAQs

Having a career as an advocate practising real estate laws can be quite rewarding due to the high pay the professionals receive in this field. The basic qualification required for becoming a real estate lawyer is holding an LLB degree and slowly mastering the skills by practising to ensure a successful career in this field.

This is everything you needed to know about pursuing a career in real estate law in India. Make sure you follow Leverage Edu for more such informative articles.