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This paper covers use of project-based learning principles in the “Territorial Development and Realty Management” Master program using Hypermethod e-learning system of the Ural Federal University. The number of educational institutions using projects in their practice grows. Successful implementation of project-based learning can be attributed to practical nature of the projects, use of real cases, and involvement of industry professionals as experts that evaluate project results. The purpose of the work was to develop a project-based methodology for training master students of the “Territorial Development and Realty Management”, and assess its efficiency. The work included evaluation of the current master program supported by Hypermethod e-learning platform, and statistical analysis of electronic resources attendance by the students. Results include assessment The study reviews existing master program and is centered on e-learning Hypermethod platform. Statistics of student visits to the Hypermethod platform confirmed relevance of the resource. The work includes results of a survey of program students and practitioners involved in thesis examination. Suggestions on using project learning as a basis for practice-oriented education were provided. Results of the study can be used to substantiate implementation of interdisciplinary projects for training master students. © The Authors, 2019. All Rights Reserved.