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The Role of Real Estate Developers in Developing The Property

07-07-2011 10:13 AM CET | Industry, Real Estate & Construction

Press release from: spaze

Real Estate Developers are in limelight today. The job of the real estate developers is to develop the properties and then sell them or put them on lease/rent. The Real Estate Developers/Builders mostly don’t build the property on their own but the purchase the land and get it constructed by some builder in a fixed cost. They then mediate the deals for putting the property on lease or selling the properties. The Real Estate Developers are also responsible for marketing of properties and lease and re lease of buildings.

The Real Estate Developers need to get public approval for all the jobs they do. They mostly coordinate with engineers, city planners, contractors, architects and surveyors to ensure perfect planning and execution of a property development project. All the major cities today have many Developers working towards the modernization of the city.

The Real Estates can suit Commercial as well as Residential purposes. Most of the big names in business are interested in developing big societies with well furnished flats for residing. IT Parks, Boulevards and Retail shops are commonly preferred commercial locations. Office for lease and rent are easily available in these locations.

The rent for offices is fixed on money per floor- area- time for e.g. 5000 Rs per square meter per year or as a gross rent e.g. 50000 Rs per month in total. The lease for the properties on the other hand; can be gross lease (inclusive of Insurance, maintenance and other taxes) or triple net lease (Exclusive of all the above mentioned expenses). The lease is mostly fixed for a longer time as compared to the rentals.

The Real Estate Developers are properly trained and there are courses like Master of Science in Real Estate (MSRE) and Master of Real Estate Development which aims to motivate the youth for entering this business as the real estate is an inseparable and ever growing part of the globalised and industrialized world.

They are gradually gaining popularity in India also. The big cities of India have many real estate parks like Mahindra city, DLF city, and Spaze Business Park etc which have both commercial as well as residential property. For more info visit: http://www.spaze.in

Spaze is committed to strive for excellence in its chosen fields of endeavour, namely Real Estate, Retail, Hospitality, IT and Housing. Spaze's foray in this pursuit of excellence and transformation are a combination of enterprise, technology and professionalism with a view to enhancing consumer satisfaction and societal service.

SPAZEDGE, Sector-47,
Gurgaon -Sohna Expressway,
India-122002
Phone: +91 124 461 5999
Fax : +91 124 406 8855
email : info@spaze.in
website : http://www.spaze.in

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