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Real Estate

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by

yashal shah

on 24 February 2014

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Transcript of Real Estate

WHAT IS REAL ESTATE?
The term ‘real estate’ is defined as land, including the air above it and the ground below it, and any buildings or structures on it. It is also referred to as realty.
WHAT DOES REAL ESTATE INVOLVE?
Real estate involves the purchase, sale, and development of land, residential and non-residential buildings.
THE MAIN PLAYERS
Landlords
Developers
Builders
Real Estate Agents
Tenants
Buyers, etc
DEVELOPMENTS - Major Influencers
Retail - Malls
Hospitality - Hotels, Resorts
Entertainment - Cinema Theatres
Industries - Offices, Factories
Economic Services - Schools, Hospitals
Information Technology - Call Centers, BPOs
Government
Initiatives
100 % Permission for FDI
Are requirement for townships has been brought down to 25 acres.
External Commercial Borrowing (ECB) has been allowed with a reduction on tax on its interest.
Simplified procedures to get Special Economic Zones (SEZ) notified.
Additional Floor Area Ratio (FAR) for IT Development.

REAL ESTATE EDUCATION - The Need
Foreign Investment
Instinct does not work all the time
Competent Markets
Returns on Real Estate Investment
Lack of Systemized Education
Lack of Proper Infrastructure
Lots of scope for improvement
Changing trends of customers
Changing reforms
Having a management degree is not enough
Foreign Investment
Most favoured destination for FDI after China
Real Estate Development business in India - a wise investment.
Attractive Government policies for Foreign Investors.
Instinct Does Not Succeed All The Time
Increase in scale and intensity.

Competitive Markets - risky to rely on instincts.

Knowledge of analytical tools and methods.
Competitive Markets
Information spreads fast in efficient Markets
Real Estate fundamentals a necessity to sustain competition.
Irrespective of monopoly, the need for formal real estate education cannot be ignored.
Lack of Systemized Education
Thin and highly fragmented curriculum.

Blindly following the American Curriculum.

The differences between the two systems is ignored.

Lack of specialists to interpret the inherent knowledge in Indian markets.
Scope for Improvement

Indian economy is moving towards capitalism.

Shift from the mentality of “Profit” to “Return”.

Avoiding formal real estate education will create a risk of losing the competitiveness.
Changing Customer Needs
Changing Social Values
Changing family structure
Changing consumer preferences
Changing Demographics
Growing Middle Class
Increasing Disposable Income
Inexpensive housing finance
Concept of "custom-built" houses
Changing Reforms
The regulation of Development Act
When implemented, rules and regulations will be binding to all parties
The Act will force the developers to make rational decisions
The decisions will require formal knowledge of financial and legal aspects
Future outsourcing of strategy development to third parties with core competencies
MBA will not be enough
Academic specialization in real estate will be a necessity.

Students specializing in real estate will be preferred to those specializing in other fields.
Bright Future
Increasing value of Indian brands.

Tie ups of Foreign Companies with local partners.

Academic institutions are entering the real estate education sector.
Full transcript