Six Steps to Building Good Business Relationships:

Any business venture requires good client relationship for its success. Good customer service is more important in the case of property managers; they dealing with the property owners under whom they work and also with the tenants who interact with them on a daily basis. An efficient and effective property manager is one who combines all the business practices to build a good customer relationship. The following are the six steps to build good business relationships.

Why Invest In Land during Economic Downturns:

In many parts of the world, economies are falling. There is talk about economic crisis, recession and credit crunch in the media like radio, television and newspaper. The brainy investors are changing prospect from commodities, forex and shares to land due to the financial bailout and bank crisis. Today, land is considered to be one of the assured investments. During economic downturns, the value of money may fluctuate whereas land has a fixed value. Despite the actions taken by the state, the value of shares is falling. The economy has not given any signs of recovery even though the government is bailing out tones of dollars to energize it. Failing is apparent and there are more banks that are at risk, the crisis being similar to that in the 30’s and 80’s.

How Testimonials helps In Real Estate Investing

Testimonials are the written or verbal statement of a person praising enthusiastically about a product. Testimonials are very important part of marketing. These serves as evidence of a product. Testimonials are also a very crucial part of real estate market as well.

Current Scene of the Indian Real Estate

The real estate sector has become a critical sector of our economy. It is on its growth path. It is having effect on the economy and contributes to almost 5 to 6 percent of GDP. In India it has become second largest sector which is providing employment to people after agriculture. It is also stimulating demand for cement steel paint building materials bricks consumer durables steel iron as well. After allowance of FDI by government we have seen boom in investment and developmental activities. Due to that many foreign real estate investment companies started investing in India. Property market in Indian cities is in bubble state and is expected to burst by November 2014. The primary cause for bubble state is political uncertainties and new RBI norms that severely restrict banking exposure to the real estate sector.

New Challenges and Opportunities in Real Estate

Real estate has grown with a pace. We have seen many builders making Apartments, Buildings .malls. We have seen these constructions not only in Metropolitan cities but also in other cities like Indore, Pune, Bangalore, and Jaipur to name a few.

Real Estate sector as a fastest growing industry.

The Indian economy has witnessed robust growth in the last few years and is expected to be one of the fastest growing economies in the coming years. Demand for commercial property is being driven by India's economic growth. Real estate in India contributes about 5 per cent to India's gross domestic product (GDP). The total revenue generated from the real estate sector in 2010-11 stood at US$ 66.8 billion.
Demand is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014, with tier I metropolitan cities projected to account for about 40 per cent of this. Growing infrastructure requirements from sectors such as education, healthcare and tourism are also providing opportunities in the real estate sector.

Comparing commercial and residential real estate

Commercial and residential real estate are from same genre. They belong to the same category. But still we find some differences in both real estate.