A PROJECT REPORT ON "ISSUES AND TRENDS IN REAL ESTATE IN THE AFTERMATH OF DUBAI CRISIS IN INDIA" BACHELOR OF COMMERCE FINANCIAL

MARKET SEMESTER – VI 2012-2013

SUBMITTED BY JIGAR DEDHIA ROLL NO: 09

UNIVERSITY OF MUMBAI UNDER THE GUIDANCE OF PROF. ARUN .H. DUBEY

S.K.SOMAIYA COLLEGE OF ARTS, SCIENCE AND COMMERCE VIDHYAVIHAR (E), MUMBAI - 400077

A STUDY ON “ISSUES AND TRENDS IN REAL ESTATE IN THE AFTERMATH OF DUBAI CRISIS IN INDIA"

ACKNOWLEDMENT

The success of any project is never limited to individual undertaking project; it is a collective effort at people around, that spell success. This acknowledgement is humble attempt of earnestly thanking all those who were directly or indirectly involved in this project. We would like to extend our sincere, heartfelt gratitude to our head of department, Prof. Shruti Chavarkar and our internal guide Prof. Arun. H. Dubey under whose guidance we had the privilege of working and learning and whose constant inspiration at all faces of the project lead to the successful completion of our work. Last but not the least we express our deepest regards to all staff members, for helping us by giving us their time and providing all required facilities.

Project by, Jigar Dedhia

INDEX

No. 1.

PARTICULARS Chapter no. 1 Introduction to Real Estate business Chapter no. 2 Major players in the Real Estate sector & their performance Chapter no. 3 Trends in Real Estate business Chapter no.4 Impact of Dubai crisis on Real estate sector Chapter no.5 Conclusion Annexure Bibliography

Page 1-9

2.

10-26

3.

27-36

4. 5.

37-52 53-54

6. 7.

55-56 57

Executive Summary

Real Estate has always been one of the most dynamic and rewarding business. And with the advent of web, the Real Estate business has got a whole new dimension. A dimension that presents global potential. Global economic uncertainties have affected India's economy, including the real estate market. "Macroeconomic indicators are not healthy. Fiscal deficit and interest rates are high while the rupee is depreciating. All this does not bode well for any industry, especially real estate". Dubai city state is purely a business city wholly depending upon tourism and real estate other businesses. Dubai World, in a haste to attract world entrepreneurs started spending more and more on building fine roads, star hotels, etc. Foreign institutional investors also invested much here, especially during the last four years. But, for some reason, may be due to economic crisis mainly, FIIs did not turn to Dubai for investment. As a result, real-estate business in Dubai suddenly collapsed. This made an impact on other businesses also.

Objectives

To give a brief idea about the Real Estate business

• To discuss about the market trends
• •

To study the impact of Dubai crisis on real estate sector To study the some of big players and analyze them

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