Professional Documents
Culture Documents
Real estate is a legal term that encompasses land along with
, improvement to land , such as buildings , fences ,
commercial buildings and other site improvements that are
fixed in location.(immovable)
Credit
also need to be given to honorable prime minister of India ,
Mr. manmohan Singh and finance minister Mr. P. Chidambaram.
[ Ascendas
[ Nakheel group
[ JP morgan
[ Duetche bank
Earlier
real estate sector was unorganized and dis ²segmented.
mhe present market segments are-
1. Commercial office space.
2. Residential space.
3. Retail space.
4. Hospitality.
5. Special economy zones.
Demand for office space
has been driven by influx
of multinational
companies.
Liberalization.
Relaxation of FDI
norms.
Migration.
Growing working
population.
Decreasing household
size.
Increasing purchasing
power.
Growth of organizing
retail.
International players
entering offers a
competitive market.
Growth in tourism.
Medical tourism
destination.
Big
events like
COMMON WEALmH
games .
in union budget 2010-11 , finance minister made following
announcements ²
Allocation of urban development to be increased by 75 %.
RBI ( reserve bank of India ) has revised norms for urban co
operative banks for giving loans to housing and real estate
segment.
Now urban bank can use up to 15% of their deposits to
provide housing , real estate loans , earlier it was not so.
Growth of services and organized retail, contracting
households rising income levels , easily availability of home
loans are growth drivers .