Project Report on Real Estate - Download as Word Doc .doc /.docx), PDF File . pdf), Text File .txt) or read online. DLF Real Estate Project Report - Download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online. Real Estate Listing Web Application Project Report - Download as PDF File .pdf) , Text File .txt) or read online. College report on the project - Real Estate Listing.
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PDF | Me and my partner Vijay did project titled Real Estate and its a documentation of that project. If you are in the real estate business, doing reports on projects and housing plans as well as assessments of the realty market may seem daunting. This is. estate development, c) investment analysis, d) project management, and e) architectural .. a project documentation web platform is also gaining some ground.
Easy Navigation is provided for maintain proper flow of system. All the data and records are stored manually in the files. At the end of the day all the sales and download records entries are made manually. Big and large registers are maintained for every transaction. All the details have to be maintained minutely and have to be taken care of manual errors.
Customer and supplier validations are done manually. Generation of bills, reports, invoice have to be done manually. In short we can say that a lot of paper work is to be maintained for every transaction.
Sales and download Details: Maintaining all the details like sales, download, Manufacturing preparing the Job card is a very tedious job.
Excess paper work : For maintaining of records lot of paper gets wasted Searching is very difficult: searching for details about particular Customer, Supplier, Product etc is tedious.
Unitech works closely with various state governments to develop SEZs across the country. Future projects include development of In March New Kolkata International development project is one of the largest infrastructure development project undertaken in the country.
Its business strategy is to build a Pan-India presence while maintaining a leadership position in each city of India. Unitech was among the first players to enter organized infrastructure development. Another driving factor for the industry is SEZs. Real estate has proved to be a real engine of growth The real estate sector in India is emerging as the next engine of economic growth going by the fact that it is the second largest employer next only to agriculture. All these positive signals indicate that there is huge growth potential for the real estate industry.
According to estimates. Besides this. A study by housing development finance reveals that India is short of 20 million housing units. The condition can be improved with the increase in the professionalism of the industry and flow of organized money into the sector. The following is the overall assessment about the real estate industry in IndiaReal estate sector is a major contributor to GDP Gross domestic product of India. Leading national and global players have big plans to invest in the infrastructure and construction of the retailing business.
The changing lifestyles of Indians and better incomes have led to the development of retail and hyper malls. Given its huge growth potential. Joint ventures and consolidations will become the order of the day in realty space. According to the 10th Five Year Plan. Deutsche Bank researchers forecast that by India will need up to 10 million new housing units per year.
In terms of infrastructure Indian real estate sector is relatively poor to global standards: If we compare Indian real estate sector with the global real estate industry. In case of Commercial: As the cost of land in leading metros is skyrocketing.
It is expected that in the very near future. Higher affordability higher salaries. Hyderabad and Pune. We have not been able to create alternate In Retail sector: For instance. Along with the residential property. While in the US. In some sectors. Everyone while downloading a new product wants to download quality stuff.
Another sharp contrast is in the sphere of public housing. Whether this boom will sustain or not. That is still to be seen. On the retail front as a whole.
Already in some locations it appears that the cost of land is way too high in comparison to the finished product. Same applies to the property. Every downloader wants to download a well built house. With terribly poor efficiencies and very high running costs.
Quality of Construction — Obviously when one downloads a property he makes sure that the quality of construction is good. I feel that in some locations there is an excess supply of mall space coming up. These days developers give due importance in making the surroundings beautiful with innovative and creative landscaping.
People prefer to stay in a reasonably well-occupied housing complex. Pollution Free Environment — The immediate surroundings of the property is always evaluated by the downloader. Developers do pay attention to the different requirements of different customers.
Even adults want different recreational facilities to be available in the housing complex. Due to increasing crime this factor is becoming more and more important for the downloaders.
They involve landscape architects from different corners of the world to give their customers the best. Some want a flat on the second floor while some want a flat with two bedrooms. All these factors are hugely responsible for the transition of people from Delhi to housing complexes in NCR as many colonies of Delhi faces problem of shortage of water and power failure while availability of these essential facilities are ensured in housing complexes by the respective developers.
The NCR is becoming more and more popular among home downloaders because of its greenery and pollution-free environment. Ghaziabad where families living in one single housing complex fight for space and car parking place. Water Availability — Water Availability. People have started believing in this concept.
All these requirements are tried to be met by the developers. Suitability of Home Type — Nowadays due to the wide range of options available people can afford to be choosy.
This will in turn help the company to get exemption from taxation. Based on the source of income. For real estate. Anuj Puri. These trusts make profits either by rental income or by capital gains resulting from sale of property. Availability of loan and Proximity to workplace. The major In-Locality factors which people consider while downloading the property are Quality of construction. The major external factors which people consider while downloading the property are Price.
The origin of REITs dates back to and has gained popularity over a period of time. To be qualified as an REIT. In Japan. This compares well with equity mutual funds. They have given excellent risk-adjusted returns. Foreign companies have also poured money into funds that invest in Indian developers.
Concerns about an asset-price bubble have led the Reserve Bank of India to raise the risk weightage on real estate loans extended by banks. As the tech boom spreads across the country.
The run-up in prices has attracted the likes of Morgan Stanley. Property prices in India are rising fast. Warburg Pincus. To achieve the target returns.
Britain's Knight Frank. Says Ashwin Ramesh. There's also bureaucracy and corruption to deal with. And Deutsche Asset Management recently hired someone to head its real estate activities in India. Yet every developer feels his mall will be among the survivors. Mumbai and New Delhi. This was true.
The higher the rise in real estate prices. In the meantime. This decline in prices stabilised towards the end of the decade as rates became more reasonable and affordable. Besides the housing loans boosting the market demand. Growing incomes of urban downloaders coupled with fiscal incentives and falling interest rates. The supply increased enormously and the demand remained steady. Before the start of the s. This scenario is presently unfolding in India.
Developers were building residential and commercial projects. Besides being a safe destination. Figure II compares the rental returns for various cities all over the world with the Indian cities. Investment in commercial property. And the RBI has relaxed the rules further for NRIs with respect to repatriation of foreign exchange on real estate investments.
India offers 10 to 12 per cent returns. The bottom-line is that this is the time to go shopping for property; as the market has started firming up already. As the organised market develops, real estate as an investment is one of the better options available today.
Especially in countries like India which are in the throes of rapid development housing has come to assume a crucial role as it contributes significantly to the national economy and nation building.
Arguably, housing has been the only industry in recent times which has not only withstood the recessionary pressures, but has also shown a consistent and healthy growth and if the future is to be interpreted in light of the macro picture, the best is yet to come.
Integrated housing development not only satisfy the basic human needs but also facilitates holistic development within the parameters of a planned welfare economy. Safe, secure and affordable housing by any means increases employment and educational opportunities for individuals and enriches communities leading to a better civil society and better quality of life. Besides the direct contribution which housing makes to GDP it increases social capital which is intelligible wealth that comes with good social network at the heart of which lies clean environment, hygienic living and quality housing.
India, with its billion plus population, still witnesses an acute shortage of dwelling units.
Despite sharp increase in the Usable Housing Stock from 70 million units in to million units in , the shortfall in was estimated at 19 million dwelling units, although unofficial estimates peg the figure at higher levels. This has occurred due to the high population growth, especially in urban areas. The Census reveals that the decadal population growth in the urban areas is one and.
All these statistics point to a high level of migration of population from rural and semi urban areas to a more urbanized form of settlement. The percentage of population staying in urban areas have steadily climbed from Coupled with the demand for dwelling units, another major factor which has contributed to the buoyancy of Housing activity is the affordability of properties.
This, in turn, has been the result of a combined effect of stabilized property prices, higher level of incomes and lower cost of borrowings. In fact the boom witnessed by the Housing Finance sector can be heavily attributed to these factors. An investment in Housing and construction triggers of a series of investments in various sectors.
Housing ranks third amongst 14 major industries in terms of total linkage effect in the Economy. The linkage effect, particularly with reference to the Steel and Cement Industries was also underlined by the Government in the Economic Survey of Housing ranks fourth in terms of the multiplier effect on the Economy, ahead of sectors like transport and agriculture.
The Investments in the Housing sector has steadily increased from Rs. Estimates of the Tenth Plan peg the figure at about Rs. Perhaps the greatest socio-economic impact of Housing is in employment generation. Housing is the second largest employment generator in the country after Agriculture. A host of vocations and professions derive their livelihoods from Housing, either This ensures that the demand for Housing is a long and sustained one. When one looks at the future.
Housing can be the solution to the most nagging problem that any Government faces — that of employment. It is therefore not surprising that the Government has left no stones unturned to support Housing activities. With the population of India steadily increasing.
In a developing nation like ours. There is thus much room for the upside and a long way to go. Construction workers. Apart from these various indirect benefits that the economy derives from Housing. To sum up. It is conferences like these that helping us carve out solutions for a better tomorrow. Strangely other industries get financed by the same financiers for process as well as end product i. The customer preferences have moved away from under construction to nearing completion or completed projects and hence the investments in the projects have changed.
It is impossible for any developer firm to bear the entire cost. The banks and Financial Institutions have In order to achieve that level of growth. But on the supply side very little has been done to ensure that developers who are the producers of homes get access to the required funds.
It is still one of the largest unorganised sector in the country. Like other industries. Most banks and financial institutions today have frozen all their lending to the developers community. This system will not be successful without the co-operation. The main reasons for this being the inability of the developers to repay their debts.
The progress of construction is monitored by the appointed auditors who submit periodic progress reports. Under the Escrow mechanism the loan amount is decided after doing a thorough due diligence of the accounts of the developer. With the crash in the markets the value of these investments were eroded.
To instill confidence in the lenders the developer community would need to organise themselves and bring about greater transparency in their operations.
Receivable discounting. All transaction inflow and outflow are routed through a designated Escrow Account. Now the time has come for innovative products as the market conditions have changed in the past 5 years. Disbursements are made strictly on the basis of the progress reports. Now coming to the issue of funding developers — norms have been laid out and rating should be made mandatory. This is for a minimum period of 4 —5 years On completion of the project or during the construction.
This the financiers can do after due diligence as listed below: Like working capital advanced by banks. All loans originating from these sales should go to the institution which funded the project. In addition to builder risk.
In India. This covers all the projects of the developers. It will also promote appraisal and valuation techniques. In some of the more developed countries online databases of different kinds of real estate office. Real estate commercial data would be more or less the exclusive domain of the private sector.
It is vital to develop these risk management systems on the basis of sound data and proper.
The establishment of the discipline of real estate economics would help in the dissemination of a common language of discourse and promote standardised procedures. All these steps will promote analyses and research that could inform domestic or foreign investors to evaluate markets and carry out risk assessment for purposes of property development and investment.
Economic factors: The lower interest rates and ease of credit availability is fueling the demand for real estate in the country. This scenario coupled with the huge potential for consumer credit penetration in India is favoring the real estate sector.
Demographic factors: Demographic factors like increasing literacy rates, higher disposable incomes, and increasing urbanization in the country are important factors propelling the demand for real estate in the country. The real estate market in India is opening up.
There are still some barriers to real estate development like unclear titles, tenancy reforms and low property taxes. Two major steps taken by the Government will however be key catalyst in fueling growth in real estate sector in INDIA. FDI would be in integrated township which would include housing, commercial premises, hotels and resorts, while the urban infrastructure would comprise roads and bridges mass rapid transit system and manufacture of building material. The minimum average that can be developed is acres designed keeping into consideration the local byelaws and regulations.
FDI is not allowed in retail sector. Currently, real estate prices have stabilizes to a great deal as a role played by speculation has started declining. There a lot of change being introduce in the Indian real estate sector especially with the cheap labor, pool of people. Currently mutual fund are not allowed to have direct exposure in real estate but can make debt and equity investment in the company. The Indian version of REIT-REIS Real estate investment scheme would enable investment by small investors in the real estate sector and thus earn dividends on the rental income being paid.
The fiscal incentives introduce by government introduce 3 years ago have unleashed the market forces. With fiscal incentives and factoring inflation the real interest rates on housing loans is very less.
This has brought in a sea change in the profile of the home downloadr across the spectrum. The average age of the home downloading customer has been drastically reduced.
It has been found that young working people in early and mid 20 also downloading residential flats. The other major changes witnesses in the real estate industry currently are the reorganization of country status itself. With lower operating costs being the driver office property have moved from Central Business Districts to suburbs to Class I cities and this market is continue to expand in Tier II and tier III cities.
Real estate sector is still facing the main problem of high stamp duty in Indian states. Its needed to be reduced by taking the recommendation into consideration which is mentioned in the report otherwise this increasing rates of stamp duty and land cost will give rise to parallel economy which lead to huge loss of government revenue.
In real estate sector 23 million sq ft of new space came in to market with additional 50 million sq ft expected by There is a great demand for office building in India. The demand for new office space alone has grown from estimated 3. Cumulative demand for office space in India between is estimated to be in excess of 85 million sq ft.
This represent annual growth rate of India has the largest retail density in the world. It is estimated that presently additional 46 million square feet for malls, multiplex is being added in India out of which 32 million sq ft is spread over across 7 major cities.
In future 45 malls with over 9. It is expected that government will soon permit FDI in retail and this would further increase the demand for shopping malls, multiplex etc. However opening up of FDI in retail trading will not necessarily cause rent to rise as their demand will be offset by additional stock.
Spiraling land prices sign of overheating and excessive speculation : The land prices have really shot up in the last years. Builders continue to get enough downloaders for whatever absurd prices they quote. Now, that is a very strange thing when seen in the Indian market perspective. India is a very price-sensitive market. Whatever you sell you have to give the consumer a good value for money. So, when such people make a beeline for things priced exorbitantly, there may be large amounts of speculative investment money entering the market.
Also, people now assume that property prices moving up is a sure thing. There is nothing called a sure thing in investing and this is a sign of overheating. Uneven price growth: Prices of real estate across the country, or even within cities, will have their own unique demand and supply factors. This needs to be understood in 10 11 detail. A number of transactions and also corporate land bank values are ignoring this basic tenet of real estate investing.
Questioning the capability to deliver: Although there have been huge plans of development in all the areas of real estate development whether residential, commercial, office, retail or SEZ, various questions have been raised on the execution capability of the developers in delivering the promised product within the specified time period.
Oversupply: With the real estate story getting big in India, major plans are afoot for various types of real estate developments in big cities and small towns. There have been concerns of an oversupply situation arising years from now. Still unorganized: India's property market remains unorganized and underdeveloped. This creates risk for investors.
In the absence of a clear title to property, the risk of litigation is high. For those foreigners who invest in India via real estate investment trusts, there are no rules on the marking of their stakes to market or on whether they must pay stamp duty on transactions. Relation to the stock market: The true origin of this bubble-like situation may be traced to the stock market boom.
The Indian stock market has been witnessing a nonstop bull run for an unusually long time. During the last couple of years, share prices have surpassed all expectations. The present situation can be compared to Japan's real estate crash in Prior to the crash, both the stock market and the property market were on fire.
Profits from the stock markets used to be transferred to the property market and vice versa. The same thing is happening in India as well. It operates in India and exports engineered construction products to the Middle East. Unitech was among the first players to enter organized infrastructure development. Unitech works closely with various state governments to develop SEZs across the country.
New Kolkata International development project is one of the largest infrastructure development project undertaken in the country. Unitech has tied up with International Amusement to create "E-city" in Noida. Its business strategy is to build a Pan-India presence while maintaining a leadership position in each city of India.
Since its establishment in , it has developed 21 urban colonies aggregating 5, acres, as well as an entire integrated 3,acre township which is popular as DLF City. Future projects include development of , acres over the next few years and it aims to become the single largest real estate company in the country. APIL has big plans to invest Rs. A study by housing development finance reveals that India is short of 20 million housing units. Deutsche Bank researchers forecast that by India will need up to 10 million new housing units per year.
Another driving factor for the industry is SEZs, which come with tax exemptions like year corporate tax holiday. Besides this, the fifth most attractive market in the world, the retail market of India, has also been contributing significantly on a large scale for the growth of the sector.
Leading national and global players have big plans to invest in the infrastructure and construction of the retailing business. All these positive signals indicate that there is huge growth potential for the real estate industry. Joint ventures and consolidations will become the order of the day in realty space.
However, there are challenges like fragmented industry with less transparency and high transaction costs. The condition can be improved with the increase in the professionalism of the industry and flow of organized money into the sector. Given its huge growth potential, real estate can be vindicated as the best investment avenue for long-term investors. According to the 10th Five Year Plan, there will be a shortage of The changing lifestyles of Indians and better incomes have led to the development of retail and hyper malls.
This, in turn, has led to the demand for space from the retail sector. Real estate has proved to be a real engine of growth The real estate sector in India is emerging as the next engine of economic growth going by the fact that it is the second largest employer next only to agriculture.
According to estimates, every 13 14 rupee invested in this sector results in 78 paisa being added to the GDP.
Along with the residential property, the sector has also witnessed a spurt in demand in commercial property mainly driven by fast-growing IT and ITES services along with BPO boom. According to estimates, 42 million sq. As the cost of land in leading metros is skyrocketing, developers are getting interested in developing townships in Tier II cities and industrial towns where the growth of real estate is relatively slow.
It is expected that in the very near future, even these cities will witness abnormal prices. In terms of infrastructure Indian real estate sector is relatively poor to global standards: If we compare Indian real estate sector with the global real estate industry, we fare very poorly in terms of our infrastructure.
While in the US, no matter where you go, you have access to high quality infrastructure drinking water, well-planned roads, greenery, power, communications, healthcare, education, etc. We have not been able to create alternate 14 15 cities in the manner that is required so as to release the pressure on the few that we have. Another sharp contrast is in the sphere of public housing. Whether this boom will sustain or not, the answer could be both a yes and a no.
Yes, because of the above mentioned positive drivers. Already in some locations it appears that the cost of land is way too high in comparison to the finished product, and there is a price limit beyond which resistance can set in.
Therefore, there is a risk of having unsold inventory at a high cost. In some sectors, there is a re-emergence of the investor in large proportions. Hence, when the stock comes in the market for absorption in large volumes, will there be actual users to absorb it? That is still to be seen. On the retail front as a whole, though we as a country have barely scratched the surface of organized retail, I feel that in some locations there is an excess supply of mall space coming up.
With terribly poor efficiencies and very high running costs, not to mention a complete lack of differentiation, its a matter of time before these malls will come back in the market to be repositioned. Today, there is a feeling of success seeing footfalls by the thousands, which reminds me of the internet days eyeballsplenty of visitors, poor conversion into shoppers. Quality of Construction Obviously when one downloads a property he makes sure that the quality of construction is good. Everyone while downloading a new product wants to download quality stuff.