We in India that our customers in India suitable office accommodation and office facilities to offer a well established estate agent. This company 'customer' first. "India's policy, which is the fourth largest in the world economy's growth rate have been maintaining the commercial real estate agents in India and a renowned property dealers between the gross domestic product is approximately 5.5% for a more than decade. analysts in India is about the productivity of labor and capital to improve our current growth rate is doubling the capacity is estimated. Inmobiliarias infrastructure and the productivity of labor and capital to improve is to play an important role . real estate investment in all market economies, economic growth is an indicator.
The real estate sector in the reform process of unprecedented speed and a great untapped opportunities has been received from India, can the desired location for real estate developers / investors in the not so distant future. China is a parallel, which is almost three times the flow of foreign direct investment in India and China in the flow of foreign direct investment of nearly half of the real estate sector in India is compared with the minimum can be obtained from. The basic difference between the two countries in spite of the government of the country in China and only recently was the owner of this sector for privatization has started in India, most of the private ownership of land as compared with the real estate sector in India from the potential advantages are undeniably powerful. Two major steps taken by the Government of India - foreign direct investment and real estate investment funds or the creation of a good real estate investment trust - which is not far off the real estate sector in India in the future can catalyze allowed.
Past, the old rules, not clear title, low property tax, low use, mortgage financing and limited the absence of quality standards in India for the development of real estate have been obstacles. Because of this country and supply curves is almost disproportionately high cost of land are created. Girish Despande and Madhurima Das of Pricewaterhouse Copper a study by the "Real Estate India: a revolutionary change," if eligible according to the cost of land / sq m per capita GDP in 1999 from New Delhi with the index as 100, the fee Kuala Lumpur in two, six in Sydney, Bangkok, seven, nine, in Tokyo, 12 Singapore, 13 in Jakarta and will be in Seoul is 22 Taipei, 52 in 115 in Bangalore and in Mumbai. Major reforms in the last five years the Act, urban land ceiling, the rent control law, property taxes, rationalization and computerization of the property sector as several other proposals for the repeal of the amendment, with the land records, etc., that this anomaly be corrected is expected.
Gail Lyons, Chairman of the National Association of Realtors, "according to which only about 10 per cent are full-time. Although real estate plays an important role in the economy an estimated 3 million real estate agent, brokerage, Commissions, licensing best practices in areas such as the development of standards and code of ethics of the real estate industry in India will be important as "the practice modernizes. Commercial banks for housing finance companies, particularly in the new domain of traditional players. The only, but the market for mortgage financing has increased competitiveness in the property not for the development of secondary mortgage-backed securities market is leading.
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