Real Estate Business Today
Real Estate business is very old and ancient, but in ancient days accountant of any builders have to face the burden of work and do hard work to maintain all the business account for a long time manually.
But now different type of software for real estate business are available in the market fulfilling every requirement of this business without any problem of saving all account.
Today we see real estate business is going on very high and grooming for last 10 years. Due to the growth and have a big profit, numbers of people have jumped in this business. Currently in India every 5th person is adjoin in this business. In this business even small Broker earn a huge amount of the profit without any investment in the business. The reason for the adjoining of new generation in this business in India is, for the last 15 years apartment concept has adopt by the Indians. Reason behind it is due to the huge and fast growing population in India has increased the situation of scarcity of land. Now there are very few land has remained apart from city center for dwelling in whole India especially in northern India. It has resulted in sky touching cost of land, home, flat, apartment and any property. It has become nearly impossible for the middle class family to buy his/her own land for home nearby city center that is why middle class has diverted to apartment system launched by Professional Builders in the society.
Now the apartment or flat is in the budget of higher middle class what they can afford and totally shifted towards the apartment system developed by Builders. This trend has increased the business growth of Real Estate. Just before 5 years the real estate market was running on the concept of down payment. This concept of real builders has increased the market of business very high, because the population who have no any cash amount that is cashless population has started to sell their old own home in a heavy cost and getting best equity for their property, they pay little to builders for the down payment with that equity and they deposit or invest their remaining equity in other business. After paying their down payment they start to give their monthly installment with their monthly earning. Thus the cashless people got the good cash in their hand and also the good home to live with this down payment system generated by famous and professional real estate builders. This system has taken the business to the sky and the builders have earned a good profit.
In the real estate business not only the big builders earned the huge profit, all the person who are adjoined in this business also earn a good profit because this business is not a single person business, The one person cannot manage all the activities of this business so the Big builders or businessmen make their small group with a 10 to 50 members depend upon the level of business to run this business properly. But currently this business has been down little the reason behind it is firstly too many Persons of Indian Origin have jumps out in this business and secondly mostly all the persons who have the requirement of flat has bought their own in these last 15 years and now the persons who have the requirement they are not in a huge numbers that is now only few people have the requirement. These reasons have reduce the cost of flat and apartment in a high rate. Therefore now the people do not sell their property such as their old ancestor’s home and their farms. They have develop the new approach that is they buy new home but not sell their old one, instead of selling they rent it out due to the rising rent. This has been noticed by real estate agents and property managers in the last year.
The real estate business in India has changed the infrastructure of each major city of India. Now we see the infrastructure of the city as in develop country like USA and UK. The concept of apartments has come in trend in India from the USA and UK countries.
The growth of real estate market in last 15 years is directly proportional to the growth of IT within 15 years. As a real estate market has made a supernatural growth, in the same pattern IT sector has also made unique growth within last 15 years.
The real estate market has made a supernatural growth and uncountable people are involved in the real estate business because advent of IT and unbelievable progress in IT sector within last 15 years has made this business easy to manage. Before 15 to 20 years it was very hard to manage the real estate business and save all the document forever manually. In this business the most important part is to maintain every type of document forever. It may be client details, amount details, installment detail and administration details etc.
Real Estate business is very old and ancient, but in ancient days accountant of any builders have to face the burden of work and do hard work to maintain all the business account for a long time manually. But now different type of software for real estate business are available in the market fulfilling every requirement of this business without any problem of saving all account.
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ABOUT THE AUTHOR
Hi my name is Syed Siraj Ahmad, I am Indian living in Kanpur City. I am Master of Computer Application from RGTU Bhopal. I am working at Dataman Computers System Pvt Ltd in Kanpur as a SEO Consultant. I am not a Professional Writer but love to write and share views what is in my mind for any topic.