Reasonable Price house in Bhopal

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Real Estate Sector The Indian Story
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India

• What Comes to your Mind?

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INDIA - FACTS

• 5000 year old ancient civilization
• 325 Languages spoken 1652 dialects
• 18 Official Languages
• 29 states, 5 union territories
• 3.28 million sq. km of area
• 7516 kms of coastline
• Parliamentary Form of government
• Worlds Largest Democracy
• World Class recognition in IT, Bio Technology
  and Space
• Largest English Speaking nations in the world
• 2nd largest pool of scientists engineers in the
  world.

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• Indian Realty Still a Reality

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REAL ESTATE AND HOUSING

• In India, about three fourth (3/4) of real estate
  development is for residential use and balance
  one fourth (1/4) is predominantly for other use.
• Indian Real Estate and Housing Industry
• Direct Linkage with over 250 Industries.
• 2nd Highest Employment Generator.
• 2nd Highest Contributor in GDP.
• Playing vital role in making Indian economic
  condition more favorable.

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BARRIERS IN GROWTH OF REAL ESTATE

• Skill Shortage
• Non Availability of Statistics
• Overvaluation of Property
• Highly Fragmented
• Lack of Transparency

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DEFINITION

• Real Estates refer to a term that encompasses
  land along with improvements to the land such as
  buildings, fences, wells or other site
  improvements on or below the surface of the earth
  that are fixed or immovable.

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RESIDENTIAL PROPERTY

• Land Plots, piece of land divided as per the
  requirement of residential construction.
• Villas A detached and a semi detached urban
  residences with yard and green space.
• Floors - A structure dividing building into
  stories
• Apartments a room or set of rooms fitted
  especially with house keeping facilities and
  usually leased as dwelling
• Farm Houses A dwelling on a farm with
  agricultural utility
• Studio Apartments A small apartment consisting
  typically of a main room, kitchenette and a
  bathroom, usually are fully furnished.

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Residential Real Estate industry has witnessed
stupendous growth in the past few years owing to
the following reasons

• Continuous growth in population
• Migration towards urban areas
• Ample job opportunities in service sectors
• Growing income levels
• Rise in nuclear families
• Easy availability of finance

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COMMERCIAL PROPERTIES

• Retail Space - Properties used exclusively to
  market and sell consumer goods and services.
• Office space - A commercial property type used
  to maintain or occupy professional or business
  offices.
• IT ITES Spaces - Any space which is fully
  furnished and IT enabled with all the electric
  fixtures provided in ready to move condition to
  the buyers.
• Virtual Space - buyer doesnt get the physical
  possession
• Lockable Space buyer gets the physical
  possession, which can be utilized for personal
  use.
• Service Apartments these apartments are used
  for commercial purpose, usually rented out, all
  the services which are provided in hotels are
  provided in these apartments as well in a similar
  manner.

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GROWTH DRIVERS IN THE COMMERCIAL SECTOR

• Rapid Growth in Service Sectors- IT/ITeS, BFSI
  and Telecom.
• Rising demands from MNCs
• Increase in Retail Chains
• Growing FDI
• Growth of Start-ups

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INDUSTRIAL PROPERTY

• Any property used for a manufacturing purpose.
  Areas where industrial activity may be carried
  out are specified by the respective local
  authorities.

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AGRICULTURAL PROPERTY

• Used for agriculture purpose in forms of lands
  and plots.

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MEASUREMENTS USED IN THIS INDUSTRY

• 1 Sq. Yard 9 Sq. ft
• 1 Acre 4840 Sq. Yard
• 1 Sq. Meter 10.76 Sq. ft
• Other Terms
• Bigga
• Naali
• Marla etc.

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WHAT IS REAL ESTATE DEVELOPMENT

• The development process requires skills of many
  professionals architects, landscape architects,
  civil engineers and site planners to address
  project design market consultants to determine
  demand and a project's economics attorneys to
  handle agreements and government
  approvals environmental consultants and soils
  engineers to analyze a site's physical
  limitations and environmental impacts surveyors
  and title companies to provide legal descriptions
  of a property and lenders to provide financing.

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• Purchasing unused land for a potential
  development is sometimes called speculative
  development.
• Subdivision of land is the principal mechanism by
  which communities are developed.
  Technically, subdivision describes the legal and
  physical steps a developer must take to convert
  raw land into developed land.
• Subdivision is a vital part of a community's
  growth, determining its appearance, the mix of
  its land uses, and its infrastructure, including
  roads, drainage systems, water, sewerage, and
  public utilities.

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ACQUIRING RIGHTS TO A PROPERTY
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LAND ACQUISITION IN STATES

• Each State follows its own set of rules
  pertaining
• to Land Acquisition procedures
• Free Market Acquisition
• Land Acquisition by Govt.
• Land Acquisition for Special Purpose.

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PRIMARY MARKET FRESH BOOKING
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TERMS USED IN THIS INDUSTRY

• CLU- Change Of Land Use
• FSI / FAR Floor Space Index
• LOI
• Built Up Area
• Super Area
• Carpet Area
• Efficiency
• Density
•  

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BUILDER CHARGES OVER BSP..

• PLC- Preferred Location Charges
• EEC- External Electrification Charges
• IFMS- Interest free Maintenance charges
• IDC- Internal Development Charges
• EDC- External Development Charges
• Car Parking Charges
• Club Membership
• Lease Rent
• FFC- Fire Fighting Charges

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IMPORTANT ASPECT S ABOUT A PROJECT

• Promoter Background
• Past Track record
• Long term stake in business
• Location
• Size of project
• No of apartments
• Facilities
• Maintenance cost

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• Specifications
• Local Market Rates Comparatives
• Special Terms Conditions if any. Lock in etc.,
• Bank Funding
• Payment Plans
• Efficiency
• Parking Availability
• Adjoining Developments

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APPROVALS REQUIRED FOR A PROJECT

• National Highway Authority of India,
• Fire department,
• Pollution department,
• Ministry of environment,
• Electricity department,
• Airports Authority of India,
• Ministry of Labour,
• Ministry of Mines,
• Central Ground Water Board
• Directorate General Civil Aviation among many
  other sub-departments.

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• Lets Understand the
• DELHI NCR Market

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GURGAON MASTER PLAN 2031
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FARIDABAD MASTER PLAN 2021
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NOIDA MASTER PLAN 2031
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DELHI MASTER PLAN 2021
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• In 1991, Our then finance Minister Manmohan
  Singh had concluded his maiden budget
  presentation with these words..
• No power on earth can stop an idea whose time
  has come .
• And the Time has come for

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• REAL ESTATE .
• And the New Age Dictum is

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• INDIA
• UNDER
• CONSTRUCTION .