The Estate Management and Valuation degree program has been a result of the budget proposal made by the then Hon. Minister of Finance, Dr. N M Perera in 1971 to commence University level higher education in Sri Lanka in the field of Real Estate Management and Valuation. Accordingly, an arrangement has been made initially in the University of Colombo in 1972 to admit the first batch of students which is about 200 students. Afterwards in 1973 it was transferred to the University of Sri Jayewardenepura in the following year. The Faculty of Management Studies and Commerce (FMSC) undertook this responsibility and established the Estate Management and Valuation Unit in 1973 under the Department of Business Administration of the faculty and preceded it up to 1986. Subsequently the Department of Estate Management and Valuation (DEMV) was established in 1986 in the same faculty as a fully-fledged department to conduct relevant degree programmes in Real Estate Management and Valuation to cater the development needs of the country.
Currently the Department offers B.Sc. (Special) Degree in Estate Management and Valuation, Postgraduate Diploma in Real Estate Management and Valuation and M.Sc. in Real Estate Management and Valuation Degree program. These programs are rather professional in nature and designed to cater the specific needs mainly in the fields of Real Estate Valuation, Real Estate Management, Urban & Regional Planning, and Housing Development in the Country. These degree programs are pioneer land-based professional courses commenced at the University level in Sri Lanka and still the sole degree programs in the field of Real Estate Management and Valuation in the country. The average annual student intake of the DEMV is around 50-65. At present it has 11 academic staff, a Technical Officer and a 02 non-academic staff. Over its period of existence to-date it has produced nearly 1200 graduates.
“Prosper lives through learning”
The mission of the Department of Estate Management and Valuation is to produce graduates with the requisite knowledge, skills and attitudes to fulfill the development requirements in the field of Valuation, Estate Management and Urban & Regional Planning.
The strategic intent of the EMV Department is to be a key contributor for the development of the country through creating and disseminating scientific knowledge and providing competent human resources for the fields of Real Estate Management, Real Estate Valuation, and Urban & Regional Planning. To reach this broader aim, the department specifically intends to following objectives.