Real Estate

Introduction

Real estate  is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing."

Types of Real Estate

1. Residential includes both new construction and resale homes.

2. Commercial Real Estate includes shopping centers and strip malls, hotels and offices including medical and educational buildings.

3. Industrial includes manufacturing buildings and property, as well as warehouses

4. Land includes vacant land, working farms, and ranches.

There are lot of professional Real Estate Developers with expertise in conceptualizing, building & operating high

quality, utilitarian, innovative Real Estate Developments in Southern India. 

Factors that influence Real estate

Demographics

Interest Rates

The Economy

Government Policies/Subsidies

Key Challenges Faced by India's Realty Sector

Stringent land acquisition norms

Sustainable development of urban built environments 

Private participation 

Decentralized implementation under the aegis of a central planning authority

Expectations of Real estate sector from Budget 2017

Industry status

Single window clearance

Clarity on beneficiaries under PMAY (Pradhan Mantri Awas Yojana)

Financial protection from project delays 

Higher tax saving on home loan & home insurance premiums 

Government Initiatives for Real Estate

The Cabinet Committee on Economic Affairs (CCEA) has approved various measures to revive the construction sector

The Make in India initiative has helped to accelerate leasing of commercial property by the manufacturing sector,

Brihanmumbai Municipal Corporation (BMC) has introduced a single-window clearance for construction

The Securities and Exchange Board of India (Sebi) has proposed easier regulations for real estate investment trusts (REITs),

The Government of India has brought into force the Real Estate (Regulation and Development) Act, 2016 on May 01, 2016