Undergraduate

B.Sc. Honours in Real Estate Management and Valuation Degree Programme

The profession of estate management had its origin with the beginning of human civilization when man decided to live in huts in hamlets cultivating their own plot of land. The hut he built and the plot he cultivated had to be managed. This in essence is estate management, i.e., property development and its management during its useful life.

With the establishment of Royal Institution of Chartered Surveyors in 1868; a global professional body promoting and enforcing the highest international standards in the valuation, management, and development of land, real estate, construction and infrastructure which was incorporated by a Royal Charter, in 1881 in the United Kingdom, the professional status established.

Later a degree programme was established in the University of London. During the colonial days the valuation officers in Sri Lanka were Europeans trained in the United Kingdom. After Independence in 1948, Sri Lankan staff was trained by sending them to the United Kingdom. The first attempt to train the staff locally was made in the early part of the 1950’s with the establishment of the Diploma Programme in Valuation at the Ceylon Technical College. This programme was later abandoned.

Having recognized the need for a degree course in Estate Management and Valuation and in accordance with a proposal made by then Minister of Finance late Dr. N.M. Perera in his budget speech of 1971/72, the degree programme was established at the University of Colombo in 1972 and one year later this programme was transferred to the USJP. The degree programme was functioned by a separate unit attached to the Department of Business Administration until the Department of Estate Management and Valuation was established in 1986.

At present, the B.Sc. Estate Management Valuation (Special) Degree programme offered by the Department of Estate Management and Valuation has been transformed into B.Sc. Honours in Real Estate Management and Valuation Degree Programme and it has been accredited by the Royal Institution of Chartered Surveyors (RICS) and by the Institute of Valuers of Sri Lanka (IVSL).

Graduate Profile

The Department of Estate Management and Valuation intends to produce globally competent graduates in the field of Real Estate Management and Valuation disciplines. The B.Sc. REMV graduates will be visionary leaders, professionals, scholars, innovators and global citizens with a strong sense of integrity and a high commitment to the sustainable development, drawing inspiration from the local cultural heritage and wisdom.