“Economics is the fuel that fuels any organization or the world as a whole.”
Real Estate is the estate or land which is put to auction for the transfer of ownership. Together, Real estate economics is the application of economic techniques to real estate markets, which describes, explains, and predicts pattern of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research of real estate trends focuses on the business and structural changes affecting the industry.
“While an Entrepreneur is the creator, an investor becomes the supplier.”
Real estate entrepreneur or a real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. A passive investor might hire a real estate firm to find and manage an investment property for him. Typically, investors choose real estate for several reasons: cash flow, capital appreciation, depreciation, tax benefits and leverage. Real estate investing has become quite popular in recent years due to rising property values and low interest rates. However, Deflation in property values or a sharp increase in interest rates would dampen the market considerably.
Discussing about the economy of Real Estate, it is equally important to note things in a consumer’s lens. Before any purchase of land, a Land Deed needs focus. A Land deed is a written and signed legal instrument that is used to transfer ownership of real property from the old owner (the grantor) to the new owner (the grantee).
There are fundamentally only two things to enquire about before transferring your ownership to/with others:
- Title – this basically means that you need to verify whether the person selling you the property is its owner and holds all necessary rights to transfer ownership of the property to you. The process of verification of title has no single formula (especially in India). Title is verified through primary title documents (such as sale deeds) and secondary title documents (such as property tax receipts). It is often a tedious and time- consuming process and is highly recommended to be undertaken by engaging professionals who know the method as well as the law; and
- Regulatory – this basically means that all applicable licenses and approvals with respect to a certain property should have been taken and maintained by the person who is selling you the property (and/or his/her predecessors). These vary from place to place. So, it is essential that you engage someone with knowledge of local law to carry out this process.
“Stay Wise, Act Smart!”
Your decisions are the writers of your life, so choose the right one, mainly when sacks of monetary value are involved. Nest s Developers Pvt. Ltd has initiated a new project called HAIKU through which eco-friendly and customer-friendly sales are initiated.
We are your choice & we really hope you choose the best.