Effect of Real Estate

Indian economy is experiencing robust growth since last few years and it is expected to touch new heights in the upcoming years. With the growth in the economy the same growth is expected in real estate industry as well. In India with the liberalisation of the economy, the real estate sector became prominent. There was an increase noticed in business opportunities, labour migration and consumer need; hence there is a growth observed in commercial and housing space. That is why there is growth observed in real estate industry.

Currently, the real estate and construction sector is playing a major role in India’s core infrastructure development. It is providing employment to many people. Everyday there are new units coming in and thus many people are getting employed day by day. After agriculture, real estate industry is turning out to be second largest employer. With all these factors in consideration, the real estate sector is expecting a growth of 30 per cent.

According to a study done by ICRA, the construction industry hold third position amongst the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. With the growth in retail industry, there are several other sectors as well which are expecting the similar effect like hospitality (hotels, resorts, cinema, and theatres) sector, schools and information technology, etc and IT enabled services.

The real estate sector is majorly divided into four sub-sectors:

-       Housing

-       Retail

-       Hospitality

-       Commercial

In the entire housing sector contributes five-six per cent to the country’s gross domestic product. 

Growth of Real Estate

Real estate industry in India is trying to take out itself from the economic downfall it faced in last year, and it has shown symptoms of tremendous growth in coming year. This industry is currently divided into many layers. The major count of the industry is from the unorganized real estate contractors. However the ten percent of the industries contribution come from the top ten players. Everyday there is a new name getting added to the industry that caters to the need of the current economic conditions and consumer preferences. 

As there is an improvement noticed in the stock market, approximately 6-7 companies will join this sector.

Real estate units are looking to get some new ways to finance their new projects. Now a days in order to cut down the risk factors of increasing debt and interest expenses, real estate units are looking for other financial options such as qualified institutional payments. Also with it, they are concentrating at making the private equity investments at project levels rather than company levels.

Government is also taking initiatives to give some benefit to the real estate construction industry. The Government of India is taking measures to get some best possible ways how they can allow the foreign investors to invest in the real estate market. To increase the foreign direct investments, government is making the easier rules for foreign investors to invest in smaller real estate projects. The government has given full exemption to prefabricated products manufactured at sites in its 2009 annual budget.

With all these measures, the approximate size of the real estate construction industry in India is estimated to be approximately US$44 billion. With the same measures the industry is expecting an annual average growth rate of approximately 26 percent till 2014. 

Find the home in the elegant region to enjoy the life

The real estate business delights the investors in various ways. Multiple construction projects with ample of availabilities offer the fortune commercial and residential space or apartment. Rather than the polluted areas congested with traffics and power cuts and water scarcity, the real estate properties offer the people with amusing, calm and private habitat.

In the villages people live in connections with their dear ones. Similarly the professional people also prefer to live closer to their family and relatives therefore commuting back to their hometowns. People from the Punjab and south cities of India, are coming back to their homes in huge count. As they are habitual to live in luxury homes, the new developed luxury apartments can provide them the professional homes of taste.

All of the above mentioned factors are adding a taste of elevated housing in the cities. Further the professionalism added in the construction ideas of the homes is offering more benefits to the regional communities.

According to the current trends and cultures, the real estate properties in the under development cities ensure the secured future. Legal norms favor then realtors and the construction projects for the elongation of power, traditional and technological combination and the other homely amenities are proving as the considerable factor.

So if you are thinking to buy ahome, you should first possess with enough information about purchasing, selling, for rental or in investment, the knowledge in all aspects can make your deal superfluous in the real estate. Find the right time to buy the property and make an ideal investment in your property.

Real estate properties in major cities of India

As the property prices are increasing in the popular cities of India like Delhi, Bangalore, Jaipur and Mumbai are recognized as the development centers in India.

Moreover these significant towns have also attracted the investors and various commercial andresidential properties are under progress currently.

The scope of the retail business is also increasing in these cities and has improved the business with graded levels. In the coming time about 40 % of space in these cities will be covered by the retail industry in their markets.

Popular cities Hyderabad, Pune and Chennai have proved their milestone in the real estate development in advance and increasing their populace by means of capacity and volume.

Next level Ludhiana, Chandigarh, Guwahati and Mysore, Goa and Mangalore also possess huge growth rooms in real estate development. Since the growth of real estate market in these cities remarks their development, due to these reasons development of properties seems an intelligent deal for the investors.

The profits from the investment are the major reason that most investors are choosing these cities for investment. Further the operation expenditures are also lesser as compare to the popular cities. The profits from the rental rates are multiple. Labor cost also lesser while owing properties for construction in these cities.

 This is the major reason that most IT and MNC industries are choosing these cities enthusiastically for establishing their business. Moreover these cities are already ready to endow the real estate investors with ample quality place to construct their properties for advantage.

All about investing in a second hand property in India

A second hand property is cheap and often comes within budget. A pre-owned apartment in proper condition is always wise to invest. But, it has to be in proper condition. You just cannot invest in any property the agent demonstrates. Investing in a property may invite trouble in future. Hence, follow some rules before investing in a second hand property.

• Do plan out a budget. Remember, you need budget for purchasing the property.
• You can visit various banks or financial institutions to get idea about loan.
• When you are visiting property, make sure you check the location of the house properly. You cannot buy a house which is situated far from the locality. The residence must be in a good place within the city.
• Also, do take experts opinion and assistance in inspecting the property. Inspect the condition of the house specially check the electricity, plumbing, woodwork etc.
• Consult a legal advisor and thoroughly check the property registration papers. The land must be registered. Bargain wisely.
• Always have some extra amount in your budget as you will need cash to renovate and rework on the interior before using it. In such a situation extra cash will help.
• Never buy a disputed property.
• You must check if the property offers garage facility or not. If it does not have one constructed, then at least it should have provision for garage.
• Also some properties are available on 100 years lease and cannot be sold directly. Avoid such houses or flats.

2012 real estate scenario in India

Real estate in India is booming. People are investing in this sector like never before. The current market is packed with affluent middle class and upper middle class. Due to the IT boom, young professionals are investing in properties. Young couples need home to reside. Often they are posted to various cities due to work. Now, they can invest in property and live comfortably. Cities like, Bengaluru, Hyderabad, New Delhi, Mumbai, Kolkata, Chennai are full of opportunities. Young professionals are shifting to these cities. Now, the real estate sector is developing in such cities at rapid speed. The property makers are coming up with beautiful apartments to suit the expectation of young home makers.

Life is busy. People can easily contact a promoter or an agent to look for a dream apartment in the city. All they have to do is, communicate with the builder to get the property built. Loans are also available from various banks and financial institutions. Hence, no need to wait endlessly to save money and create home. Now, anyone can invest in property. The scenario has largely changed. If you plan to shift to a new city, no need to rent an apartment. Just contact an agent and invest in a flat or house depending on your pocket. This is a permanent investment which you may sell if and when you have to shift to any other place.

Thus, invest in property and grow your money. It is easy and safe. You can sell the property at a higher price and earn the difference.

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If you are posting images on websites or social networking site, make sure that the images are attractive. Take good pictures of kitchen, washroom, backyard, front and other rooms of the house.

You can also place prominent images on flyers.

You may also opt for direct marketing strategies like sending e mailer or etc.

You can also place ads on local newspaper. You can promote it via social media site.

Besides promoting the site, you can also frame a proper marketing plan. Hire an efficient marketing team for this purpose. Prepare a launch plan with the team. Take help of a PR firm if you are launching a new property. They will plan a launch event and promote your business through newspapers and Television channels. They will write press release and give in depth analyses of the project. These stories will attract clients towards the property.

How to become a successful real estate investor?

If you wish to become a renowned real estate investor, you must cultivate certain skills which are essential for marketing and promoting the business. Some special skills are

• If you have a property and wish o sell it, then make it visible. Promote it. Place sign on the yard, write your contact details prominently.
• Make the landscape more appealing
• Repair parts of the property if needed
• Make it appear attractive. Remember first impression is the last impression.
• When you have visitors, you can play soft music and spray room freshener to make it appealing.
• Do keep it clean and tidy
• If you are posting images on websites or social networking site, make sure that the images are attractive. Take good pictures of kitchen, washroom, backyard, front and other rooms of the house.
• You can also place prominent images on flyers.
• You may also opt for direct marketing strategies like sending e mailer or etc.
• You can also place ads on local newspaper. You can promote it via social media site.

Besides promoting the site, you can also frame a proper marketing plan. Hire an efficient marketing team for this purpose. Prepare a launch plan with the team. Take help of a PR firm if you are launching a new property. They will plan a launch event and promote your business through newspapers and Television channels. They will write press release and give in depth analyses of the project. These stories will attract clients towards the property.