Indian Real Estate Agents are Making It Big

By: Krish Bhatt
Submitted: 2007-01-17 16:25:36
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

Gone are the days of pot bellied, pan chewing, smooth talking, museum like mobile carrying, wholesale safari-suit clad army. They are changing with the times. Indian real estate agents or (locally called) Dalal are sporting a radical new makeover these days. A boom in real estate in India has given birth to the next generation of professional property agents. You will find them flaunting foreign degrees. You will discover they are completely in tune with the latest jargons that have hit the business magazines only the last week. Contentedly they are discussing floor to area ratio, vastu-feng shui merits-demerits, Italian marbles, decorated flooring, real estate gimmicks and substances with their offshore foreign clients via video conferencing.

It seems the order of the day, anyway. Gone are the days of shabby looking unprofessional Indian real estate agents. The burgeoning Indian real estate industry needs professional new age real estate specialists who have knowledge in world business, outsourcing, finance, architecture, investment and what not.

What’s more, there are youngsters also who want to make a career in this field. Gauging the opportunity and also by the fact that the industry does not have enough of trained manpower, couple of renowned real estate developers have smartly launched business management program on the area. There are also short term studies which will give candidates a formal orientation and industry insights into this not so conventional industry vertical.

According to a conservative estimate by FICCI real estate industry in India is estimated at around $12 billion. The industry is growing at the rate of 30% per year. Industry analysts feel that the scorching growth is credited to demands created by offshore and outsourcing business sectors which include IT and ITES, high end software and technology consulting, contact centers, call centers, software houses, design firms and other process outsourcing companies. No wonder an opportunity galore has explored to the real estate agents in India in a never before way.

Ernst & Young, the leading consulting house reports FDI in India is expected to touch $15 billion this year. That’s triple the 2004 figure. The report states that one fifth of Fortune 500 companies including global biggie General Electric, pharmacy major Eli Lily, technology leader HP are setting up research and development centers in India.

Krish is a leading analyst of real estate and development in India. He is a member of advisory council for Property in India for various states. He also acts as a consultant for various non governmental and professional organizations. His insights on Indian real estate and how it can attract more foreign investment as the country has relaxed its real estate investment rules are much sought after in the industry. He writes for various national as well as international magazines and newspapers on regularly.

Article source: Expert Articles

Most Recent Articles in Real Estate category

  • The Silver Lining of the Foreclosure Crisis - By: Leslie Eskildsen
    They need capital to not only buy the home, but also to restore it. Foreclosure homes can range from an empty, abandoned building to a trashed house with garbage strewn all over the place, missing fixtures and a galloping case of mold or termites.
  • Why You Should Invest in Spanish Property - By: Craig Edmonds
    The reasons why people choose to invest in Spanish property are varied. Those wanting to spend their vacation in this beautiful country know all about its beautiful beaches and romantic culture. They want to experience its golden sunsets and warm nights with the sea air wafting through the curtains.
  • Additional Inspections to Get Before You Buy That Home - By: Greg Smith
    Hiring a licensed pest inspector to check the home for wood destroying organisms such as termites and mold is always a good idea. Termite infestation wreaks havoc on the wood structures in your home, while keeping their presence a well-kept secret. Often it isn't until a great deal of damage has been done that you discover that you have termites.
  • The Ins & Outs of Sale Contingencies - By: Greg Smith
    A sale contingency is a critical contract addition for a buyer who owns a house that he or she needs to sell before closing on a new one. If she doesn't add this provision to the contract, she faces the possibility of having to pay two mortgages. With a sale contingency in place, the contract for the new home becomes null and void if she is unable to sell her home.
  • Problems With Mineral Rights Leasing - By: Anna Poelo
    Problems and disputes cannot be wholly avoided in mineral rights leasing.
  • Milwood homes for those wanting to settle - By: Joe Cline
    It is your typical Austin community: landscaped lawns, tree-lined side-streets, kids playing, couples strolling, all awash in Texas sun on a summer's day, and you scout around for 'for sale' or 'for rent' signs.
  • Rosedale: An Austin Neighborhood By Any Other Name - By: Joe Cline
    Rosedale is simply enchanting. The small cottage-like homes offer a charming, homey, and exquisite appeal. The neighborhood offers a mix of the old and new Austin.
  • The 4 Parts of a Business Plan for Real Estate Agents - By: Cheri Alguire
    This model of business planning and goal setting for Real Estate Professionals breaks the process down to four parts and seventeen steps.
  • Tenant Screening - the first line of defense - By: Garret Lloyd
    Getting a tenant for an unoccupied apartment is definitely a good idea. But getting good tenants is of prime importance in order to ensure safety and peace of mind in the long run.
  • What is online reverse auction? - By: Ron Victor
    Reverse auction deals with internet auction and e-purchasing. This is also known by many names like procurement auction, sourcing event, e-sourcing, and e-auction. Generally in an auction, purchaser is allowed to place a bid on an item on the amount that he is willing to pay so that he can buy that item.