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F-RE-03
 

F-RE-03

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    F-RE-03 F-RE-03 Presentation Transcript

    • Real Estate Project Life Cycle
    • Objective of this chapter The objective of this chapter is to make you aware about the whole cycle of real estate. You could be able to know about what are the steps involved in real estate and how the whole real estate process in aligned. This chapter also tells you about the players involved in this process. Trainings by Vidya Bhagwat
    • Agenda • The main Players of Real Estate – Developer – Architect – Lawyer – RCC Consultant – Contractor – Marketing Team • Their Roles and Responsibilities Trainings by Vidya Bhagwat
    • Main Players in Real Estate • The main Players of Real Estate Project Life Cycle are: – Developer – Architect – Lawyer – RCC Consultant – Contractor – Marketing Team Trainings by Vidya Bhagwat
    • Roles and Responsibility of Developer • The duties of a builder are that all constructions should be made on land legally in his possession& not on any disputed or agricultural land. All building laws shall be followed during the construction of the building. The construction material used should be standard. • The selling of property should be as per law with all legal papers correct. • Duties of the builder: - (1) Legal construction (2) Safe construction (3) Environment friendly construction (4) Economical construction (5) Attractive construction • He plans the overall Trainings by Vidya Bhagwat construction to be made and financially invests in it. • He is the initiator and first investor of a project.
    • Roles and Responsibility of Architect • Mostly one architect is assigned for a particular project. • The Architect checks the plot and suggests the builder about the type of construction that could be made in that area. • Architect collects almost all the legal documents and submits them in the government corporation. • Builder chooses an Architect, whom he feels is capable enough for giving a better look to his construction. • Architect provides a full structure plan to the builder. He decides the colour, the design, the specific areas for parking, for playground etc. Trainings by Vidya Bhagwat
    • Roles and Responsibility of Lawyer • A lawyer could bring to your attention proposed terms homebuyers often do not consider, even though such terms could save them time and money. • Purchasers need to remember the purchase agreement usually covers only real property and fails to address some personal property that you may want included in the deal, such as a washer or dryer in the home. Such items, however, can be included in a formal offer. The lawyer can also advise homebuyers about the merits or pitfalls of the terms a seller is proposing. Trainings by Vidya Bhagwat
    • Roles and Responsibility of Lawyer • A lawyer can explain the difference and decide which is best for your specific situation. Once comfortable with the contract’s language, the lawyer will oversee the execution of the contract by both parties. • A real estate attorney will also review a title search with the client to ensure there are no lies, bankruptcies, unpaid taxes or outstanding mortgages against the property. • Real estate lawyers document and review real estate transactions, including purchases, leases, inspections and appraisals. They alsoTrainings by Vidyatitle insurance and help resolve Bhagwat environmental issues.
    • Roles and Responsibility of RCC Consultant • A RCC Consultant decides how to give structure to the plan provided by architect. • He manages materials required for construction. • A testing report or certificate is required from RCC Consultant for which he investigates the materials to be used for construction and after that the construction is started. • Re-adjustment of R. C. C. design as per the revised requirements of the client as and when required. • Visit to the site as and when requested, for checking quality of concrete already laid. by Vidya Bhagwat Trainings • Estimate the total requirements of the structural steel for completion of the R. C. C. work.
    • Roles and Responsibility of Contractor • A contractor is a person who takes responsibility of a particular task and completes it within a limited time period. • There are generally six types of contractors present in real estate. They are : • • • • • • Construction contractor Brickwork Contractor Tile Contractor Painting Contractor Light, meter(cable work) Contractor Lift contractor • All the contractors perform by Vidya Bhagwat and after Trainings different tasks completion of all the tasks the whole construction process is completed.
    • Roles and Responsibility of Marketing Team • After completion of the whole project, the marketing team responsibility starts. • A marketing team must contain – Good Marketing Strategy. – Sales Office. – Sample Flats. – Well Designed Brochure. – Train & Smart Sales Team. – Expert Accountant. – Marketing Budgeting. • The main aim of the marketing team is to promote the sales of the apartment. • They check to it thatTrainings by Vidya must not remain Non the property Bhagwat Performing Asset. • They also have targets to sell a particular amount of flats.
    • Summary • There are many person involved in construction of an apartment. • The main players are Developer, Architect, Lawyer, R.C.C. Consultant, Contractor and Marketing Team. • The government body is involved almost in every step of construction, because if the government does not approve then no work could be done. Trainings by Vidya Bhagwat
    • Assignments 1. Make a report on all the players of real estate. 2. Write few points on each certificate required in real estate mentioned in this chapter. Trainings by Vidya Bhagwat