Real estate is both means and outcome of the sustainable development of a country. Economies of countries encounter higher sensitivity from global trends, implications from foreign political-economic policies and local socio – economic and environmental tensions than ever before. Hence, as a key ingredient of development processes, real estate should be SMART, so that to respond effectively to these dynamic economic, social and environmental forces; focus on outcomes and implications than outputs, convert the challenges into opportunities and strengthen resilience to encounter threats and crisis, facilitate to meet the environmental challenges without jeopardising the economic growth and societies’ modern living.
In this respect, virtual spaces becoming an integral part of lifestyles of our societies, where people and institutions working closely with technology, information systems is recognised as a primary enabler to make rational decision making. This urges to expand our thought boundaries on, how the role of real estate should be redefined? How should we plan innovative, secure and demand-meeting real estate? How should real estate markets read the dynamics of economic, social and environmental processes? How can we epitomise the role of valuation in responding these dynamics? How should all actors in the industry including the end-users be informed and stay within the information loops? How to ensure the professionalism of industry players?
International Conference on Real Estate Management and Valuation (ICREMV) aims to bring together academics and practitioners and scholars to exchange and share their experiences and research results on all aspects of Real Estate Management and Valuation. It is a platform for academics and practitioners to present and discuss the most recent innovations, trends, and concerns as well as practical challenges encountered and solutions adopted in the field of Real Estate Management and Valuation.
The Department of Estate Management and Valuation (DEMV) of the Faculty of Management Studies and Commerce, University of Sri Jayewardenepura offers the sole degree program of its kind in Sri Lanka. As a result, the DEMV has been a strong arm of support to the real estate sector in the country for decades. This nurturing relationship between the department and industry is further established and complemented by the International Conference on Real Estate Management and Valuation (ICREMV), which is organized by the departments’ research arm, the Center for Real Estate Studies (CRES) in collaboration with the numerous industry partners. Having brought together the academia, practitioners and policy makers on a common forum, ICREMV has now become an influential platform for the publication, constructive discussion and dialogue of relevant and contemporary research papers, trends, innovations, challenges and concerns regarding the multiple avenues that are in relation to this niche field of study.
The unprecedented effects of the global pandemic, COVID-19, has rapidly changed the dynamics in which people inhabit and interact with physical space; thereby creating, perhaps for the first time in modern history, an exceptional crisis for the real estate industry. Therefore, ICREMV 2023 will prove to be an excellent and timely avenue for the university community, the industry, policy makers and all interested parties to initiate a constructive dialogue that would conclusively aid national development during these testing times. Therefore, while I thank the organizers for their dedication, I look forward to the insightful discourse that ICREMV 2023 will bring forth.
Prof. P.D. Nimal
Dean, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura
International Conference on Real Estate Management and Valuation (ICREMV)
oraganised by Center for Real Estate Studies,
Department of Estate Management and Valuation,
Faculty of Management Studies and Commerce,
University of Sri Jayewardenepura,
Nugegoda, Sri Lanka.