Economic Change of Real Estate in Present Sector .pdf
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Economic change of the real estate in present sector
These days Real Estate is booming especially in Andhra Pradesh. The real estate in Andhra
Pradesh has assumed growing importance with the liberalization of the economy. The
consequent increase in business opportunities and migration of the labor force has increased
the demand for commercial and housing space, especially rental housing. The investors are
keen on investing in Andhra Pradesh. The state is equipped with heavy industries and a major
steel plants with a mix of different values and people. The real estate market possibilities have
been brought at higher demand. Andhra Pradesh as a new revolution would definitely change
the face of the state. This real estate encompasses activities that range from the renovation
and re-lease of existing buildings to the purchase of raw land and the sale of improved land or
parcels to others.
These days, it has been one of the most coveted investments in the country. People are looking
for clear, concise information and the guarantee that they have selected the right planner or
provider. Buying and selling properties in AP involves making a foremost financial promise and
manages significant risks. The developments are being influenced by the developments in
retail, hospitality and entertainment.
A businesses and society can't function without the services of commercial property like the
provision of offices, shops, factories, housing and many other forms of real estate. There are
some of the most important factors to be considered for investing in real estate. They are
Location of the Property: During buying a property it is advisable to check about
ownership, type and intended usage of neighboring areas, establishments and free land
in the locality.
Valuation of the Property: During validation you have to look at factors like Cost
Approach andIncome approach.
Investment in New Construction:New construction properties usually offer attractive
pricing, the option of customization, clearly documented amenities and clear titles. Risks
may include in increase in costs, no awareness about neighborhood, etc.
Indirect Investments in Real Estate: There are also a few alternatives to indirectly invest
in the real estate sector and aim to reap the benefit.
Andhra Pradesh has been shining example of the recent revolution sweeping India. Andhra
Pradesh has embarked on making Information technology, bulk drugs and pharmaceuticals,
agro processing, engineering, textiles, leather goods, gems and jewelry the backbone of its
economy. Properties have been on sale in Andhra Pradesh in the realm of residential
properties. The construction of houses is taken up as public-private partnerships.