Real Estate Industry of India

Real estate is termed for the land and the infrastructure building on it along with the natural resources which include such as water, crops minerals and the other immovable asset on it.

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What Is Real estate business all about??

This is one of the most globally recognized industry and seen as a very profitable profession from renting, purchasing and reselling of the buildings.

 

Real estate business sector comprises of four sub-sectors-

    • Housing
    • Hospitality
    • Commercial
    • Retail

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Real Estate business is seen as a major source for investment for both resident and Nonresident Indians (NRI) investments in both the short and long term of profits and as a good source of income from the assets.

 

Bengaluru is seen as the most lustful destination for the investment of NRIs followed by Goa, Delhi, Chennai, Pune, Ahmedabad, and Dehradun.

 

 

 

 

 

Bengaluru has recorded the highest office space absorption among the top eight cities of the country.

 

In the Silicon Valley of India (Bengaluru) the IT Sector and Business Process Management sector led to the leasing of sole alone to 54 percent in FY  2017.

 

Mumbai is seen as the best city in India for the purpose of investment which could give you a handsome return of about 13-20 % most likely in the next four to five years followed by the cities like Hyderabad, Bengaluru, and Delhi NCR.

 

Statistics Of Real Estate Business In India

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    • After agriculture real estate industry is ranked as a second largest employer.
    • Expected to grow to more than 30% within next 10 years.
    • Construction Industry ranks 3rd among the other major 14 sectors of the economy.
    • Expected to be worth about 180 US $ by 2020.
    • Contributes more than 5-6 % in the Country’s GDP
    • For the Federal Year Between 2008-2020, it is expected as CAGR of 11.2 %.
    • Private Equity investment in this sector has seen a significant rise to about 28 percent in ten years to about Rs 45,000 crore in 2017.
    • This sector is expected to attract investment worthing US$ 7 billion in the federal year 2017 which could see a further rise in 2020 to US$ 10 billion.
    • In the period of 2000-2017 construction development industrial business of India has received FDI-Foreign Direct Investment inflow of US$ 25 BILLION.

 

 

Major Categories

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    • Attached/ multi-unit dwellings
    • Apartment or Flat
    • Chawls
    • Multi-Family House
    • Terraced House
    • Condominium
    • Villas
    • Cooperative
    • Semi-detached dwellings – duplex
    • Detached dwellings – single-family detached house
    • Portable dwellings – Mobile homes or residential caravans, houseboats, tents
    • Havelis

 

 

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The growth of this industry depends hugely on the government initiatives.

 

GOI has made huge efforts to support this industry through several of its initiatives. One of this is Smart City Initiative:-

 

The Smart Cities Mission launched in 2015 by prime minister Narendra Modi. It has been funded to Rs 98,000 crore.

 

 

The Ministry of Urban Development was responsible for this initiative with the state government of respective cities. There is a plan to build 100 smart cities which have opened the gates for the big opportunities for the real estate business.

 

Top real estate companies of India: –

    • DLF
    • Oberoi Realty
    • Brigade group
    • Sobha Ltd
    • Godrej properties ltd
    • Prestige group
    • Unitech group
    • Lodha Group
    • Mantri Developers
    • Raheja Developers
    • DB Realty
    • Logix Group
    • Hubtown LimitedTata Housing Development Company
    • Ashiana Housing Limited
    • Marathon Group
    • ATS Infrastructure
    • Century Real estate
    • Emaar Mgf
    • Aliens Group

 

Who is a Real estate agent?

 

 

 

 

 

 

The road to hometown can be bumpy, and it might be filled with the very unexpected turns. That’s why some people might want to take a suggestion from a person expert in the field.

 

Real-estate agents are licensed professionals who represent sellers and buyers in real-estate transactions. Most of the people work as real estate broker and get commissions for each sale and purchase from the client.

 

Most Popular real estate websites in the world: –

    • Zillow
    • Trulia
    • Yahoo! Homes
    • Realtor
    • RedFin
    • Homes
    • ApartmentGuide
    • Curbed
    • Remax
    • Hotpads
    • ZipRealty
    • Apartments
    • Rent
    • Auction
    • ForRent

 

 

Top 10 Real estate websites for buying and selling property in India: –

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    • Zillow
    • Auction
    • ForRent
    • 99 acres
    • MagicBricks
    • Commonfloor
    • Indian property
    • Housing
    • GrabHouse
    • Makaan
    • PropertyWala
    • PropTiger
    • Sulekha Tiger