subject: An Introduction to Real estate Business [print this page] An Introduction to Real estate Business An Introduction to Real estate Business
Property in India can be categorized into two main categories or groups i.e. Property for residential purpose and property for commercial purposes. The difference between these two kinds of properties can be described according to purpose and use of property. The commercial properties are hotels, office buildings, shopping malls etc. The properties that are used for personal use are called residential properties.
With industrial development, the income of Indian people has been increased due to various job opportunities. Therefore they try to invest their earning in such sectors that provides maximum return as well as are low risky. So real estate sector is one of the best choices for maximum Indian investors who are looking for maximum return on investment in shortest time. Today real estate sector is one of the fastest growing sectors in India. This sector is growing with growth rate of more than 25 % per annum. There are certain factors, which are working as like driver for this most demanding sector. Some of the key drivers of this sector are rapid economic growth, economic sustainability, larger proportion of 56 crore middle class and double income family. Rapid growth of service sector and emergence of service sector like BPO, KPO, Hospitality industry is also boosting the demand of this particular sector. Indian economy is growing at the average growth rate of 6.5% since last ten years and the rate of growth of reality sector in India is much higher as compared to Britain. Now India has become a hot destination for investment due to huge demand and better growth prospects.
Various Industrial houses have come forward for catering the need of this unexplored segment. Today this sector has become organized and professionalised. The real estate companies have tied up with various leading banks and these banks are providing financial assistance to the customers at very low rate of interest on installment basis. Today house is not dream in NCR region for middle class due to healthy competition between the companies and easy loan option. Various options are available in residential projects for different income group families such as one BHK, two BHK, three BHK, Studio apartment, and luxury villas. The price range starts from 14 lacks to one crore. The modern housing projects are techno friendly, eco friendly spacious and coverd by the green grass. Most of the projects are well connected with strategic location like Railway station, hospital and national highways and expressway. The flats are airy and designed by best architects of the world.
Since India is second largest country in terms of population therefore a large number of populations require residential properties to fulfill their residential need. With increase the demand of residential properties the price of properties is continuously increasing.
Due to rapid industrial development in India, radical advancements in technology and deli censing there also good demand of commercial properties The price of commercial properties is always higher than residential properties therefore the profit ratio is more than residential properties. If you deal with the real estate business you have great opportunity to cater the demand of this sector for generating sufficient revenue with adequate marketing strategy.
