The Royal Institution of Chartered Surveyors (RICS) Sri Lanka branch has advanced by leaps and bounds since its formation. The RICS was originally founded in London as the Surveyors’ Club after a meeting of 49 surveyors at the Westminster Palace Hotel on 15 June 1868. In 1946, George VI granted the title “Royal” and in [...]

The Sunday Times Sri Lanka

RICS Sri Lanka grows as market grows

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Seen here is the RICS Sri Lanka branch team.

The Royal Institution of Chartered Surveyors (RICS) Sri Lanka branch has advanced by leaps and bounds since its formation.

The RICS was originally founded in London as the Surveyors’ Club after a meeting of 49 surveyors at the Westminster Palace Hotel on 15 June 1868. In 1946, George VI granted the title “Royal” and in 1947 this professional body became the Royal Institution of Chartered Surveyors.

Now the mark of property professionalism, the organization has a membership of over 125,000 worldwide belonging to 17 faculties in the surveying disciplines. RICS members are always required to highly comply with professional and ethical standards in their judgments given.

RICS regulate and promote the profession; maintain the highest educational and professional standards; protect clients and consumers via a strict code of ethics; and provide impartial advice and guidance. Only qualified RICS professionals are recognized by designated letters – FRICS (Fellow),  MRICS (Member) and AssocRICS (Associate). RICS’ South Asia region comprises the countries of India, Sri Lanka, Bangladesh, Myanmar and Nepal, and formally came into effect in 2011.

Russell Cooray, as the incumbent chairman of RICS Sri Lanka, leads the functions of RICS within Sri Lanka responsible for the expansion of the RICS profile. He is supported by Secretary Shihaan Burah, Treasurer P. Hettiarachchi and a 7-member RICS executive committee which is responsible for driving overall RICS plans by providing market insight and helping in membership growth.

“RICS Sri Lanka strongly believes in attending formal networking events as the best form of making contacts and finding out more about the industry. RICS Sri Lanka is taking the lead in introducing and embedding standards of education, training and practice which are recognized throughout the world. These high level standards sit across surveying profession, providing a common framework for all practitioners,” a media release from the local branch said.

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