2nd Year

EMV 2221/EMV 2325: NATURAL RESOURCE MANAGEMENT

The general objective of this course is to impart knowledge of key aspects related to natural resource management and resources and environmental economics. The subject natural resources management deals with the scientific enquiry into aspects related to the natural resource base, use of natural resources and its issues and appropriate policy decisions for sound management. The section on resources and environmental economics focuses on the economic analysis of certain environmental issues in the context of market behaviour and environmental conservation.

Note: This course is offered to students following the Public Administration and Decision Sciences degree programmes of the Faculty.

EMV 2020: SOFT SKILLS DEVELOPMENT

The objective of this course is to enhance personality traits that improve the ability of graduates to deal with people effectually and politely, in addition to their technical/professional skills. The course mainly deals with activity based training programmes to enhance basic skills such as interpersonal skills, team spirit, social grace, business manners, negotiation skills, behavioural characteristics, etc.

EMV 2320: SURVEYING AND LEVELLING I

This course covers introductory concepts of surveying and levelling. It focuses on both the theoretical and practical knowledge of surveying and levelling.

EMV 2321: BUILDING CONSTRUCTION I / COMPUTER AIDED DESIGNING I

The course in Building Construction provides knowledge of locational, environmental, functional and technical aspects of building in the context of valuing them and also enhances the skills of drawing and designing of buildings. The course on Computer Aided Designing focuses on enhancing the skills in relation to the drawing and designing buildings.

EMV 2220: ENVIRONMENTAL STUDIES

This course imparts knowledge of the basic principles and concepts relating to the environment and enhancees critical awareness of human behaviour and its impact on the environment.

EMV 2322: SURVEYING AND LEVELLING II

This course provides the knowledge and application of advance techniques related to surveying and levelling applicable in real estate development and management, valuation and planning.

EMV 2323: LAND ECONOMICS

This course provides an introductory level treatment of major concepts in land economics. It largely focuses on the theory and foundation of land economics in order to apply them to issues in land and land resources. The major areas of coverage include real estate development, management and planning, the pricing of land and land resources, investment in real property, the timing and rate of development, public-sector development, cost-benefit analysis, land use and land values, location theories and regional policy.

EMV 2324: PRINCIPLES OF VALUATION

This course covers an introduction to the key concepts, theories and basic practical aspects needed to develop skills required to assess the values of different interests in different types of laws and real property.

EMV 2420: BUILDING CONSTRUCTION II / BUILDING COST ESTIMATION- COMPUTER AIDED DESIGNING II

This course provides knowledge of building construction specially in relation to the role of various parties involved in the construction procedure and the professionals working in connection with buildings. It also enhances the skills of drawing and exposes the students to practical experience through site visits.
Building estimation, which is a part of the course, provides the knowledge of building estimation and cost variations in the construction industry in Sri Lanka.
Computer aided designing gives a comprehensive knowledge from conceptual design to printing a final layout of a house plan and survey plans to supplement the practical component of the subjects of building construction and surveying and levelling.


3rd Year

EMV 3320: LAW OF CONTRACT & TORT

This course deals with the legal principles of Roman Dutch Law and Statute law governing aspects of immovable property and the elements of the law of delict, mortgage law, law of inheritance and acquisition law, applicable to immovable property in Sri Lanka. The objective of this subject is to provide the students with the knowledge of mortgage law, inheritance law and acquisition law applicable to immovable property in Sri Lanka and to apply those legal principles in the fields of estate management and valuation.

EMV 3321: GEOGRAPHIC INFORMATION SYSTEMS (GIS) – THEORY AND PRACTICAL

The course provides an orientation of GIS technology and its potentiality in real estate development and planning. It aims to provide adequate knowledge about GIS, both in theoretical concepts through classroom lectures and practical skills through laboratory sessions. Then it will cover the general concepts and methodology in GIS and also seek to give hands-on working experience with GIS software (ArcGIS).

EMV 3322: URBAN AND REGIONAL PLANNING I

This course provides an introductory level treatment of fundamentals in Urban and Regional Planning. It mainly focuses on the basic concepts of urban and regional planning. The major areas covered in the course are historical development of urban and regional planning, fundamental concepts and theories of planning.

EMV 3323: REAL ESTATE FINANCE & MARKETING

The objective of this course is to provide Risk-return and decision making in real estate, Financial analysis for real estate, Real estate financing principles and practice, Leasing real estate, Real estate investment criteria, Discounted cash flow models, Risk analysis in real estate.
Application of marketing principles in the real estate market, Real estate market analysis, conducting research in Real estate market.

EMV 3324: ADVANCED VALUATION – THEORY / PRACTICAL REPORT

This course provides an advanced level treatment of methods and techniques of valuation. The course mainly focuses on the applications of valuation methods such as investment method, comparative method, contractor’s method, residual and profits method to value various properties. The course also deals with tax and tax adjusted valuation tables.

EMV 3325: PROPERTY LAW

This course deals with the basic principles of special areas of law, which are related to the local government law, Apartment ownership law, Agricultural land law, and law of evidence in relation to valuation, property development and management. The objective of this subject is to provide the students with further knowledge of the law with focus also on procedural aspects/legal action and to apply them in practical issues in the fields of Estate management & valuation.

EMV 3326: LOCAL GOVERNMENT ADMINISTRATION

This course is focused to enlighten the knowledge on the legal and institutional set up of the local government system of Sri Lanka and to build up a critical awareness on the aspects and issues related to the local government finance system in the context of good governance.

EMV 3327: URBAN & REGIONAL PLANNING II

This course provides an advanced level treatment of further concepts of urban and regional planning and applications of Geographic information system. It mainly focuses on the application of urban and regional planning techniques. The course also deals with regional planning, participatory planning, and planning techniques.

EMV 3328: AGRICULTURAL VALUATION

This course provides and introductory level treatment of major concepts in Agriculture. It mainly focuses on basic concepts related to soil science, principles of crop science and agricultural economics in order to provide students with basic knowledge and skills needed to value agricultural properties in both domestic and plantation sector. This course specially deals with valuation aspects of properties of plantations such as tea, rubber and coconut.

EMV 3329: APPLIED VALUATION I

This course provides an in-depth treatment of more advanced concepts in valuation. It focuses largely on valuation mathematics, discounted cash flow, comparative uses of NPV and IRR, incremental analysis and computer aided development appraisals. It also covers valuations of a complex nature involving legislation such as Land Acquisition Act, Rent Acts, UDA Law, NHDA Law and BOI Act etc.


4th Year

EMV 4220: RESEARCH METHODS

The objective of this course is to introduce the basic tools techniques and methods of research to enable learners to undertake research in the related fields of Estate Management and Valuation. The course mainly focuses on the social research methods and the application of the techniques to research problems. The major areas covers by the course are as follows

Defining a research problem, Development of hypotheses, Preparation of a research proposal, The research process, Preparation of a research plan, Forming concepts to measurable variables, Sample selection, Data collection and analysis methods, Writing research, Presenting research results etc.

EMV 4320: CONSTRUCTION PROJECT MANAGEMENT

This course provides a specialized knowledge and skills in construction management. It mainly focuses on construction industry and its activities related to the real estate market. The course mainly deals with introduction to construction industry, construction process, role of professions in construction industry, methods and techniques of evaluation of construction projects and cost-in-use.

EMV 4321: REAL ESTATE DEVELOPMENT AND MANAGEMENT

This course provides an advanced treatment of management methods and techniques applied in Real Estate Development and Management. The major topics are urban property development, renewal control and maintenance, apartment ownership, management and marketing of condominiums, the legal, technical and infrastructure issues in urban property development and management, shifting and floating values of estate management, theory of state control over private land use, and principles and applications of estate management with special reference to state owned urban estates and new towns.

EMV 4420: URBAN DEVELOPMENT & MANAGEMENT

This course is an advanced level treatment of urban development and management. The major areas covered in this course are aspects related to urban management and urban governance, poverty and urban management, urban planning and urban development, legal aspects and urban development, urban development and settlement planning, settlement planning in Sri Lanka and public participation in settlement planning.

EMV 4421: APPLIED VALUATION II

This course provides an in-depth treatment of more advanced concepts in valuation. It covers Local Authority Taxation, Assets Valuation, Valuation for Stamp duty, Insurance purposes and valuation of plants and machinery. This course also deals with evolution of modern valuation models and demonstration of the ability to apply them in various situations.
Introduction to Valuation of Plant and Machinery, Basis of plant and machinery valuation, Plant and Machinery forming part of a building, preparation of an inventory, information to be included, items to be included and excluded, report preparation of plant and machinery.

EMV 4322: URBAN ECONOMICS

The major objective of this course is to provide an advanced knowledge and applications of urban economics based on the prior course in land economics. The major areas to cover this course are the growth of urban areas, the quality of the urban environment and problems of urban areas, urban housing, theory and practice of urban public finance and the incidence of taxation on land resources.

EMV 4323: ENVIRONMENTAL VALUATION

This course provides the knowledge to understand the difference between environmental assets and other properties and techniques of valuing them. It also emphasizes the importance of assigning values to the environmental resources in relation to the real estate development and management. Major topics include difference between environmental assets and other properties, values assigned to environmental assets, behaviour of market and valuation of environmental assets, aspects of environmental economics related to environmental valuation, techniques of valuing environmental resources, application of techniques in valuing environmental resources, the role of economics in valuing environmental assets.

EMV 4324: PROPERTY PORTFOLIO MANAGEMENT

The objective of this course is to enlighten the knowledge of the students with regard to real estate investment management and the risk return relationship associated. The areas covered in this course are Financial markets and institutions, Portfolio theory, Analysis and selection, Capital market theory, Equity portfolio management, Fixed income portfolio management, Technical analysis, Efficient market hypothesis, Options and futures, Managing client portfolios, Performance evaluation and attribution. The course will make use of cases in the area of portfolio management.

EMV 4520: INDEPENDENT RESEARCH REPORT

The objective of this course is to introduce and develop the skills and knowledge of basic tools of planning and real estate market research. The course mainly focuses on the application of techniques and tools to research problems related to subjects as real estate valuation, land economics, urban and regional planning, real estate development and management, urban economics etc. It also deals with a lecture series of Research Methodology and students are need to write a research report related to above subjects which is supervised by a senior academic member of the Department.