Introduction: The real estate sector in India has come long way by becoming of the fastest growing market in the World .It is not only successfully attracting domestic real estate developers but foreign investors as well .The growth of the industry is attributed mainly to a large population base rising income level rapid urbanization .
The sector comprises of four sub sectors
Housing
Retail
Hospitality
Commercial
While housing contributes to 5 – 6% of the country’s G D P .The remaining three sub sectors are also growing at a rapid rate meeting the increasing infrastructural needs.
ABOUT THE INDUSTRY: Real estate is “ property consisting of land and buildings on it along with its natural resources such as crops , minerals , or water ; immovable property of this nature and item of real property building or housing in general .Also the business of real estate the profession of buying selling or renting land , buildings or housing . It is a legal term used in jurisdiction such as the United States, United Kingdom, Canada, Australia and New Zealand.
Business sector: With the development of private property ownership real estate has become a major area of business commonly referred to as commercial real estate, purchasing real estate requires a significant investment and each parcel of land has unique characteristics, so the real estate industry has involved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions
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Some kind of real estate business include:
Appraisal
Brokerage
Development
Net leasing
Property management
Real estate marketing
Relocation services
Within each field, a business may specialize in a particular type of real