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Real means relating to a
thing (actual). It is derived from Latin
"res" means matter or thing, which is
different from person. Real Estate means
which is generally regarded as "real
property" - which generally refers to land
and buildings.
The Indian economy was
opened up and liberalization was set in, the
Indian real estate sector has witnessed a
revolution, driven by the booming economy,
favorable demographics (the changing number
of births and deaths, diseases etc) and
liberalized foreign direct investment.
It is estimated that our
country requires $24 billion of investments
in next few years and development pf real
estate is vital for economic prosperity.
Indian real estate market is estimated to
grow to over Rs.2,00,000 crores by 2009-2010
(source: TSMG estimates, DSP Merrill Lynch).
It is predicted that by 2010, majority of
the people will live in the urban center.
This will contribute to explosive sales
growth with apartment and other high density
housing, especially among young families and
first time buyers.
India's booming realty
sector has attracted foreign investors and
figures in the top three property markets,
offering the best opportunity for capital
appreciation after US and China. India has
emerged as the most preferred property
market among foreign investors globally, US
has retained its top position, while China
was ranked second followed by India - As per
the survey conducted by the association of
Foreign Investors in Real Estate (AFIRE).
The opportunities in
India for the development of realty sector
is very high, the job opportunities have
opened up with the development of mega
cities, townships and SEZ's, the real estate
sector is the second highest employment
generator in India, business opportunities
have very high potential, real estate
brokers / agents are in good demand with the
avenues available to investors fro
investment in properties in the major
cities.
The IREMA is the
Institute based in Bangalore aims at
imparting education to the benefit of
masses. We wish all to take advantage of the
course conducted by IREMA for updating the
knowledge in real estate for those who are
on the edge of their career development in
real estate industry, those who are in the
real estate business to update their
knowledge and understand the basics of real
estate and general public to know the basics
(terms used in buying and selling, and the
documents to be verified at the time of
purchase) of their property.
Wishing you all the
best...
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