Jag Meet
Jag Meet
Jag Meet
Session 2016-2017
SUBMITTED TO SUBMITTED BY
Dr. Apar singh Jagmeet Singh Brar
Assistant Professor Roll No. 152421249
MBA-3RD SEM.
1
DECLARATI0N
Towards Real Estate in Punjab” is my original work under the guidance of Dr. Apar
singh, Asst. Professor, school of management studies, Punjabi university, Patiala towards the
partial fulfilment of the requirements for MBA course of Patiala University. This has not been
submitted earlier for award of any other degree by Punjabi University Patiala or any other
University.
2
ACKNOWLEDGEMENT
3
TABLE OF CONTENTS
Preface
1. CHAPTER 1: INTRODUCTION 6
5. CHAPTER 5: OBJECTIVES 23
8. CHAPTER 8: FINDINGS 47
10. LIMITATIONS 54
APPENDIX
BIBLIOGRAPHY
4
PREFACE
Without practical training theory is irrelevant. So along with the theory, practical
knowledge is provided to the management students to expose them to the actual working
environment of an organization, which is relevant to other organization as well.
5
CHAPTER -1
INTRODUCTION
6
CHAPTER 1: INTRODUCTION
Real estate or immovable property is a legal term (in some jurisdictions) that
encompasses land along with anything permanently affixed to the land, such as buildings. Real
estate (immovable property) is often considered synonymous with real property (also
sometimes called realty), in contrast with personal property (also sometimes called chattel or
personality). However, for technical purposes, some people prefer to distinguish real estate,
referring to the land and fixtures themselves, from real property, referring to ownership rights
over real estate.
Real estate is "property consisting of land and the buildings on it, along with its natural
resources such as crops, minerals, or water; immovable property of this nature; an interest vested
in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the
business of real estate; the profession of buying, selling, or renting land, buildings or housing."
The terms real estate and real property are used primarily in common law, while civil law
jurisdictions refer instead to immovable property.
In law, the word real means relating to a thing (from Latin res/rei, thing), as distinguished from a
person. Thus the law broadly distinguishes between [real property] (land and anything affixed to
it) and [personal property] (everything else, e.g., clothing, furniture, money). The conceptual
difference was between immovable property, which would transfer title along with the land, and
movable property, which a person would retain title to. (The word is not derived from the notion
of land having historically been "royal" property. The word royal — and its Castilian cognate
real — come from the related Latin word rex-regis, meaning king.)
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1.1 BUSINESS SECTOR
With the development of private property ownership, real estate has become a major area of
business. Purchasing real estate requires a significant investment, and each parcel of land has
unique characteristics, so the real estate industry has evolved into several distinct fields.
Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real
estate businesses include:
Real Estate Marketing - Managing the sales side of the property business
Within each field, a business may specialize in a particular type of real estate, such as residential,
commercial, or industrial property. In addition, almost all construction business effectively has a
connection to real estate.
"Internet Real Estate" is a term coined by the internet investment community relating to the
parallel that exists between high quality internet domain names and real-world, prime real estate.
Many internet companies actually use the address of properties as domain names.
1.2 LEVELS
According to The Economist, "developed economies'" assets at the end of 2002 was
That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate
assets. Assets not counted here are bank deposits, insurance "reserve" assets, and human assets;
also it is not clear if all debt and equity investments are counted in the categories equities and
bonds. For US asset levels see FRB: Z.1 Release-- Flow of Funds Accounts of the United States.
In recent years, many economists have recognized that the lack of effective real estate laws can
be a significant barrier to investment in many developing countries. In most societies, rich or
poor, a significant fraction of the total wealth is in the form of land and buildings. In most
advanced economies, the main source of capital used by individuals and small companies to
purchase and improve land and buildings is mortgage loans --bank loans for which the real
property itself constitutes collateral. Banks are willing to make such loans at favorable rates in
large part because, if the borrower does not make payments, the lender can foreclose by filing a
court action that lets them take back the property and sell it to get their money back. But in many
developing countries there is no effective means by which a lender could foreclose, so the
mortgage loan industry, as such, either does not exist at all or is only available to members of
privileged social classes.
9
CHAPTER -2
INDIAN REAL
ESTATE SECTOR
10
CHAPTER 2: THE INDIAN REAL ESTATE SECTOR
Real estate in India continues to be a favoured destination globally for investors, developers and
non-resident Indians (NRIs), driven largely by investor-friendly government policies and
increasing globalisation. The second largest employment generation sector after agriculture, real
estate contributes about 6.3 per cent to India's gross domestic product (GDP). The foreign direct
investment (FDI) in the sector is expected to touch US$ 25 billion in the next 10 years from its
current US$ 4 billion.
The sector's progress is driven by factors such as rapid urbanisation, a growing trend towards
nuclear families, positive demographics, rural–urban migration, ever-developing infrastructure,
higher income levels and housing demand. The real estate sector, with its growing investment
opportunities, is expected to post annual revenues of US$ 180 billion by 2020.
Market Dynamics
The real estate sector in India is witnessing rapid growth in the residential, commercial and
industrial segments. Real estate development, once restricted to bigger cities, have shown
marked progress in smaller cities and towns owing to availability of banks loans, higher earnings
and improved standard of living.
The real estate sector of India is projected to post annual revenues of US$ 180 billion by 2020
against US$ 66.8 billion in 2010-11, a compound annual growth rate (CAGR) of 11.6 per cent.
The demand is expected to grow at a CAGR of 19 per cent in the period 2010-2014, with Tier I
metropolitan cities expected to account for about 40 per cent of this growth. As of now, Mumbai,
Delhi-National Capital Region (NCR) and Bengaluru cater for 46 per cent of total office space
demand in India. This demand is expected to be rise sharply in Tier II cities such as Kolkata and
Chennai in the period 2010-14.
Today, Delhi-NCR accounts for about 30 per cent of the total mall supply in India. About 53 per
cent of demand for total mall space is projected to come from the country's top seven cities,
namely Delhi-NCR, Bengaluru, Mumbai, Kolkata, Pune, Hyderabad, and Chennai, in the period
2010-2014.
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Market size of real estate in India
The market size of real estate in India is expected to increase at a CAGR of 11.2 per cent during FY2008 – 2020.
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Investment Opportunities
The Indian retail realty sector is projected to grow at around 15 per cent year-on-year over the
next 3-5 years as against a 12-13 per cent nominal growth of India's GDP estimated by the
International Monetary Fund (IMF). If the sector does indeed manage the aforementioned
growth, it will touch Rs 34 trillion (US$ 544.73 billion) by 2016.
India's office space stock is estimated to rise by 40 per cent to 642.2 million sq ft by 2017,
according to a report by real estate consultancy Knight Frank India. The current Indian market
offers some of the most competitive rates in the Asia-Pacific region, according to a report by
property services firm DTZ. The report also states that Indian cities will have some of the fastest
rental growths in the region over the period 2013-17, but will remain among the most
competitive.
The share of luxury retail space in India will be 1.4 per cent by 2015, according to a report by
real estate services firm Cushman & Wakefield. NCR and Mumbai, areas that have embraced the
mall culture, are the two most favoured destinations for luxury retailers.
The construction development sector, including townships, housing and built-up infrastructure
garnered total FDI worth US$ 22,671.95 million in the period April 2000-August 2013.
Construction (infrastructure) activities during the period received FDI worth US$ 2,280.95
million, according to the Department of Industrial Policy and Promotion (DIPP).
The following are some of the major investments in the Indian real estate sector:
Godrej Properties Ltd plans to invest Rs 9,000 crore (US$ 1.44 billion) in 15 new real
estate projects in India over the next 10 years.
Unitech Ltd has signed a Rs 800 crore (US$ 128.17 million) deal to lease an 800,000 sq
ft space at one of its IT Special Economic Zones (SEZ) in Gurgaon, to multinational
human resource firm, Aon Hewitt.
NRI billionaire Mr Ravi Pillai plans to purchase stake worth about US$ 100 in a special
purpose vehicle floated by Pune-based realtor, Panchshil Realty. The investment will go
into the construction of Trump Towers and World Trade Centre in Pune, Maharashtra.
Infrastructure Leasing & Financial Services (IL&FS) Ltd has claimed a project worth Rs
244.46 crore (US$ 39.17 million) from realty firm Emaar MGF for construction work at
the latter's residential project at Gurgaon, Haryana.
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French luxury hotel chain Sofitel, which is managed by Accor Group, is targeting 10
properties in India, mainly in major luxury destinations, in the next few years.
One of the world's top manufacturers of elevators, US-based Otis, is setting its sights on
the Indian real estate market. The pace of construction in India makes the country an
attractive proposition for such an investment. The company will be working with the
Delhi and Hyderabad Metro projects. The former has placed an order for 222 escalators
for its Phase III project, according to Otis.
Government Initiatives
According to the existing FDI policy, 100 per cent FDI in the construction development sector is
permitted through the automatic route. DIPP is looking at relaxing FDI norms further to
encourage investment. It has also proposed a reduction in the minimum capitalisation for wholly-
owned subsidiaries from US$ 10 million to US$ 5 million, and from US$ 5 million to US$ 2.5
million for joint ventures with Indian partners.
One of the major initiatives of the Ministry of Housing and Urban Poverty Alleviation (MHUPA)
is to provide affordable housing for poor people living in urban areas. The Jawaharlal Nehru
National Urban Renewal Mission (JNNURM) is one its flagship schemes, a reform driven
investment programme which started with the objective of creating economically productive,
efficient, responsive and inclusive cities.
The Real Estate (Regulation and Development) Bill, 2013, as approved by the Union Cabinet is a
pioneering initiative aimed at delivering a uniform regulatory environment to protect the
consumer, help in quick verdicts of disputes and ensure systematic growth of the sector.
Road Ahead
India needs to invest US$ 1.2 trillion over next 20 years to modernise urban infrastructure and
keep pace with the burgeoning urbanisation, as per a report (India's urban awakening) released
by McKinsey Global Institute (MGI).
Demand for space from sectors such as education and healthcare has opened up opportunities in
the real estate sector. Also, growth in the number of tourists has led to demand for service
apartments. This demand in the tourism sector is expected to generate 50,000 new hotel rooms
over the next four to five years, across India's major cities.
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CHAPTER -3
COMPANY
PROFILE
15
CHAPTER 4: MUKAT ENCLAVE PVT. LTD., PATIALA
4.1 INTRODUCTION
Implementation of new technology and innovation has been its constant goal and this is evident
in all its projects.
All these practices, policies, heritage, success and reputation are carried ahead by Mukat Enclave
Pvt. Ltd.s ltd.
The Indian real estate sector is growing at a breathtaking pace. Outsourcing, the new phenomena
increased the demand for commercial buildings and urban housing besides related improvement
in infrastructure. The stand taken by the government for FDI policies has given a rise for the
investments in the realty sector. Mukat Enclave Pvt. Ltd.s is willing to embrace all the positive
aspects of growth to cater to the changing trends.
With its experienced and professional team, EIL will carve a niche out of niche in the real estate
industry by changing the skyline of the developing cities in India.
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4.2 EIL’S TEAM
The company's ability is to meet the special requirements of the real estate market and clients
demand from its strong foundations of professionalism. The group's strength lies in its panel of
dynamic, young, qualified and highly experienced management and dedicated marketing
professionals that take care of the entire activities keeping its main thrust on customer
satisfaction, which is the main motto of the company.
The structured & unified marketing model followed in EIL has helped in building a strong
network of channel partners both in residential & commercial segment.
EIL also has a dedicated customer care centre that comprises of experienced executives. A vast
database of customers is maintained and customers can call them up for inquiries, complaints &
feedback. Periodic training and on-site experience ensure that their staff is always geared
towards meeting the demands of the industry.
4.3 FOUNDATION
Vision
To be the most innovative and trusted brand in real estate industry by adopting new technologies
with a focus on green and eco-friendly construction with focus to fulfill the expectations of the
customers.
Mission
There will be one face, one voice of Earth for the outer world.
To ensure complaint free operations with total customer satisfaction by resolving customer’s
issues with utmost attention and speedy services round the clock
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BRAND VALUE
To deliver the projects ‘differently’ and make the customer to feel at ease and comfort and create
the ‘Brand’ a most trusted brand.
Earth would be effortful and creative to identify and deliver something new, matching the
technological up gradation in the Realty sector, all around the globe.
Earth would concentrate towards development of affordable houses for the masses, to reach to
the heart of all.
EMPLOYEE CULTURE
To keep on constantly searching for the talented employees, developing employee retention
policies, providing continuous training and development to facilitate them to contribute
completely in the growth of the organization
Earth would be governed by its professional policies and procedures to ultimately benefit its
values customers. The transparency of the policies would be maintained through the company’s
operational manual. Adhering to the manual would be mandatory for all, with tan ultimatum
objective to make the earth “Favorite of all’ and to create “Ethical Brand Value” within a short
span.
The Earth Logo is an epitome of ancient history & modern architecture. The logo is a remarkable
union of the pyramid & the sphere.
The pyramid dates back to early civilizations & for thousands of years, the largest structures on
earth were pyramids. In architecture pyramids are considered as a monumental structure and are
18
looked upon with reverence & awe. The pyramids have set the foundation for many future
constructions.
The use of pyramid therefore makes a lot of sense for a company that deals in real estate. The
circumference of a sphere reinstates the values of Mukat Enclave Pvt. Ltd.s, as the earth is in
itself is a sphere. It renders a 3D feel to the logo. The presence of both the pyramid & sphere,
highlight the truth that Mukat Enclave Pvt. Ltd.s was born to create outstanding structures, that’ll
leave a deep imprint on future.
Also the latitudinal feel to the logo imbues a direction of growth. The logo symbolizes global
appeal, upward growth & progress. As like on planet earth latitudes, always spiral up and the
same outlook is hoped for the group too.
Objective: Every action of the company & its employees is to provide 360 degree customer
solution at its door step. They ensure to provide full support for any compliance of the customers
or the stakeholders.
They are committed to continuously review and update their Policies and Procedures to initiate
policies and actions which are customer centric and which promote financial prudence.
Philosophy & Applicability of the Code - The Company expects, the Management to exercise
good judgment to ensure the interest, safety and welfare of customers, employees and other
stakeholders and to maintain a cooperative, efficient, positive, harmonious and productive work
environment in the organization. The Code needs to be followed while working in the premises
of the company, at offsite locations where the business is being conducted whether in India or
abroad, at company sponsored business and social events or at any other place where they act as
representatives of the company.
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any activity / employment that interferes with their performance or responsibilities to the
company or otherwise is in conflict with or prejudicial to the company. Business Interest – If any
member of Management considers investing in securities issued by the company’s customer,
supplier or competitor, they should ensure that these investments do not compromise their
responsibilities to the company.
Related Parties – As a general rule, the Management should avoid conducting company’s
business with a relative or any firm, Company, Association in which the relative is associated in
any significant role.
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CHAPTER -4
REVIEW OF
LITERATURE
21
CHAPTER 3: LITERATURE REVIEW
House (1977) suggests that high turnover in real estate sales can be attributed, in part, to the non-
routine, problematic, and irregular work hours involved. He argues that real estate agents must be
ready to see prospective clients at almost any time. This, coupled with the commission-based pay
structure, which makes income irregular and uncertain, leads to a low success rate for new
agents.
Wotruba (1991) contributes high early failure rates to the "sink or swim" philosophy followed by
most real estate firms. The marginal cost of providing desk space and secretarial service for a
new salesperson is low and so too is the time spent screening and training new agents. If the new
agent becomes successfully established, the company profits. If the agent fails, the firm can
easily and inexpensively hire a new recruit to replace him/her. Moore, Eckrich, and Carlson
(1986) suggest that early failure rates could be greatly decreased by implementing basic
screening procedures. They studied the skills and characteristics needed to be successful in sales
and produce a hierarchy of importance among 82 sales competencies.
Since failure rates are so high, why then do so many individuals seek to become real estate sales
agents? Barth (1964) explains that many new real estate sales people are primarily entrepreneurs
that are willing to work hard for a living, but lack formal education and financial capital, which
are necessary to be successful in other careers. Other explanations for real estate sales entry
include ease of entry, low screening procedures, and the independent nature of the work [House
(1977)].
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CHAPTER -5
OBJECTIVES
23
CHAPTER 5: OBJECTIVES
24
CHAPTER -6
RESEARCH
METHODOLOGY
25
CHAPTER 6: RESEARCH METHODOLOGY
Formulation of the problem is the first & vita) step in research John says that “It is a
familiar & significant saying that problem well put in is half solved.”
To find out what is the problem or problem which is a problematic situation present is to
be well along in inquiry. As such, at initial stages of the study an effort was made to
formulate the problem. In order to formulate a research problem in the right perspective,
a great deal of exploratory work is required.
RESERCH DESIGN
After research objectives the second stage of research calls for developing the most
efficient plan for gathering the needed information. Designing a research plan includes
decisions on data sources, research approaches, research instrument & sampling plan.
DATA COLLECTION
Collection of data regarding the problem under research is called data collection. Two
types of data can be used in research i.e. primary data & secondary data. I have used
primary data as well as well as secondary data for my project report.
PRIMARY DATA
The primary data is the data gathered for a specific purpose or specific research report. I
have collected primary data with help of questionnaires.
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SECONDARY DATA
The secondary data is the data, which already exists & was collected for some other
purpose. The secondary data I have used in my research report is basically collected from
the business magazines, journals & websites of promotion companies for real estate.
RESEARCH APPROACH
Primary data can be collected in four ways: Observation. Focus groups, Surveys &
Experiments. My approach to the research is survey based, as it is best suited to know
investors behavior towards real estate.
RESERARCH INSTRUMENT
The instrument used for carrying out the research is questionnaire as it is the most
economical, flexible & easy to understand device used for collection of data. Keeping in
view the research objectives, a questionnaire is prepared which is very easy to
understand. This questionnaire was tested to locate any discrepancy, in the pilot survey &
changes were made.
SAMPLING DESIGN
The first step in developing any sample design is to clearly define the set of objects, as
my study is exploratory, the sampling design includes three decisions i.e. sampling unit,
Sample size & Sampling procedure.
SAMPLING UNIT
In this research report the sampling unit includes the data collection of investor’s
behavior towards Mukat Enclave Pvt. Ltd..
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SAMPLING SIZE
The sample size of my research is 100; large samples give more reliable results that is
why I tried my best to cover more Real Estate (Investors) in Patiala.
Better place to fetch out the real estate investors are property dealers thereby I
contacted some of the property dealers and also met with real estate investors personally
for better results.
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CHAPTER -7
DATA ANALYSIS AND
INTERPRETATION
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CHAPTER 7: DATA ANALYSIS
1. Age Group
Table 1:
20-30 11
30-40 23
40-50 31
50 Above 35
Graph 1:
Interpretation: 11% of the real estate investors are from the age group 20-30, 23% of the
real estate investors are from the age group 30-40, 31% of the real estate investors are
from the age group 40-50 and rest 35% of the real estate investors are from the age group
above 50.
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2. Income Group
Table 2:
10000-20000 14
20000-30000 21
30000-40000 29
36
40000 Above
Graph 2:
31
3. You belong to the following category of the society?
Table 3:
Professional 31
Govt. Service 19
Businessman 50
Graph 3:
32
4. Your Educational Background
Table 4:
Matric 7
Higher Secondary 19
Graduate 41
Post Graduate 33
Graph 4:
Interpretation: 7% of the real estate investors are studies till matric, 19% of the real
estate investors are studies till higher secondary, 41% of the real estate investors are
graduates and rest 33% are post graduates.
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5. Which type of investment, you prefer most?
Table 5:
Real Estate 75
Share Market 72
Other Securities 69
Graph 5:
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6. Interest rate offered affects investor’s behavior in the real estate?
Table 6:
Strongly Agree 33
Agree 21
Neutral 14
Disagree 4
Strongly Disagree 3
Graph 6:
Interpretation: 33 of the real estate investors are strongly agreed affected due to interest
rates offered, 21 of the real estate investors are agreed that they affected due to interest
rates offered, 14 of the real estate investors are neutral that they affected due to interest
rates offered, 4 of the real estate investors are disagreed that they affected due to interest
rates offered and rest 3 of the real estate investors are strongly disagreed that they
affected due to interest rates offered.
35
7. Does some influential professionals affects your investment behavior?
Table 7:
Strongly Agree 19
Agree 14
Neutral 11
Disagree 23
Strongly Disagree 8
Graph 7:
Interpretation: 19 of the real estate investors are strongly agreed that there real estate
investments are influenced by influential professionals, 14 of the real estate investors are
agreed that there real estate investments are influenced by influential professionals, 11 of
the real estate investors are neutral that there real estate investments are influenced by
influential professionals, 23 of the real estate investors are disagreed that there real estate
investments are influenced by influential professionals and rest 8 of the real estate
investors are strongly disagreed that there real estate investments are influenced by
influential professionals.
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8. Have you ever been advised which affects your investment in the real estate?
Table 8.1
Yes 52
No 23
Graph 8.1
37
If yes then to whom
Table 8.2
Friends 19
Relatives 11
Family Member 9
Any other 13
Graph 8.2
Interpretation: Out of 52 real estate investors who are affected by advice, 19 by their
friends, 11 by relatives, 9 by family members and the rest 13 by other persons like
property dealer, property analyst, company boss, etc.
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9. Is economic conditions of country effects NRI investment in Punjab?
Table 9:
Yes 59
No 16
Graph 9:
Interpretation: Out of 75 respondents or real estate investors, 79% are in favour that
NRI investment effects the economic conditions of the country.
39
Played role in satisfying the prices in Chandigarh, Mohali and Doaba (Jalandhar)
Table 10:
Short Term 43
Long Term 32
Graph 10:
Interpretation: Most of the real estate investors like to invest for short term that is 57%,
but the ratio is on to the neck and not more specific.
40
11. Is affordable (10-20 Lacs) housing suitable for investors?
Table 11:
Yes 52
No 23
Graph 11:
Interpretation: 69% of the real estate investors are in favour that affordable housing are
suitable for investors as there rates fluctuate variably and solve the problem for housing
too.
41
12. Do you want to invest in
Table 12:
Housing 51
Agriculture 13
Commercial 33
Graph 12:
42
13. Do you want to invest in
Table 13:
Independent Housing 31
Apartments 44
Graph 13:
Interpretation: Out of 75 real estate investors, 41% like to invest in independent housing
and 44 like to invest in apartments.
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14. What is the stance regarding real estate acquisition
Table 14:
Increased Considerably 32
Increased to Certain Extent 42
Unchanged 39
Decreased to Certain Extent Sale 59
Decreased Considerably 39
Undecided 22
Graph 14:
44
15. What is the stance reg. real estate sale?
Table 15:
Increased Considerably 42
Increased to Certain Extent 39
Unchanged 31
Decreased to Certain Extent Sale 42
Decreased Considerably 61
Undecided 28
Graph 15:
Table 16:
Graph 16:
46
CHAPTER -8
FINDINGS
47
CHAPTER 8: FINDINGS
11% of the real estate investors are from the age group 20-30, 23% of the real
estate investors are from the age group 30-40, 31% of the real estate investors are
from the age group 40-50 and rest 35% of the real estate investors are from the age
group above 50.
7% of the real estate investors are studies till matric, 19% of the real estate
investors are studies till higher secondary, 41% of the real estate investors are
graduates and rest 33% are post graduates.
My aim is to target real estate investors thereby 75 investors declared that they
invest in real estate, 72 investors declared that they invest in share market too and
the rest 69 investors declared that they invest in other securities like mutual funds,
FD’s, Securities etc.
33 of the real estate investors are strongly agreed affected due to interest rates
offered, 21 of the real estate investors are agreed that they affected due to interest
rates offered, 14 of the real estate investors are neutral that they affected due to
interest rates offered, 4 of the real estate investors are disagreed that they affected
48
due to interest rates offered and rest 3 of the real estate investors are strongly
disagreed that they affected due to interest rates offered.
19 of the real estate investors are strongly agreed that there real estate investments
are influenced by influential professionals, 14 of the real estate investors are
agreed that there real estate investments are influenced by influential
professionals, 11 of the real estate investors are neutral that there real estate
investments are influenced by influential professionals, 23 of the real estate
investors are disagreed that there real estate investments are influenced by
influential professionals and rest 8 of the real estate investors are strongly
disagreed that there real estate investments are influenced by influential
professionals.
Out of 52 real estate investors who are affected by advice, 19 by their friends, 11
by relatives, 9 by family members and the rest 13 by other persons like property
dealer, property analyst, company boss, etc.
Out of 75 respondents or real estate investors, 79% are in favour that NRI
investment effects the economic conditions of the country.
Played role in satisfying the prices in Chandigarh, Mohali and Doaba (Jalandhar)
Most of the real estate investors like to invest for short term that is 57%, but the
ratio is on to the neck and not more specific.
49
69% of the real estate investors are in favour that affordable housing are suitable
for investors as there rates fluctuate variably and solve the problem for housing
too.
Out oif 75 real estate investors, 51 like to invest in housing, 13 in agriculture and
33 in commercials.
Out of 75 real estate investors, 41% like to invest in independent housing and 44
like to invest in apartments.
50
CHAPTER -9
CONCLUSION &
SUGGESTIONS
51
9.1 CONCLUSION
Most of the real estate investors are businessman and professionals and are well
educated and invest in real estate.
Most of the real estate investors are greatly affected by the increase in interest rate
and now the rates again been slashed, real estate investors are again trying to
invest and not really by any influential professional.
Real estate investors are affected by advice of friends, relatives, family members
and the other persons like property dealer, property analyst, company boss, etc.
According to the real estate investors they search for Better Investment and expect
to rise in real estate in near future and believe in seller financing.
Most of the real estate investors in favour that NRI investment effects the
economic conditions of the country. Devaluation of currency increased the value
of dollar. NRI can invest more. Played role in satisfying the prices in Chandigarh,
Mohali and Doaba (Jalandhar)
Most of the real estate investors like to invest for short term, but the ratio is on to
the neck and not more specific.
Most of the real estate investors are in favour that affordable housing are suitable
for investors as there rates fluctuate variably and solve the problem for housing
too.
As we are survying in cities thereby the ratio of investing in real estate eye on
housing and commercials rather than agriculture. Many of the real estate investors,
like to invest in independent housing and also in apartments. This ratio keep on
change as if we survey in Patiala and nearby underdeveloped areas, real estate
companies failed to make an impact with making apartments as investors like to
52
go for independent housing, whereas in cities like Chandigarh, Ludhiana and
Mohali investors like to invest for apartments.
According to the real estate investors the rates of the real estate changes
unexpectedly and also considerably.
Real estate investors are mostly unaware of the effectiveness of the increase of
rates of real estate.
9.2 SUGGESTIONS
One should check and judge the market of real estate before investing for housing
or commercials
Must take advise of an influential professional and also consider the advice of
friends, relatives, family members and the other persons like property dealer,
property analyst, company boss, etc.
Affordable housing are suitable for investors as there rates fluctuate variably and
solve the problem for housing too.
Real estate changes unexpectedly and also considerably so try not to invest whole
of the money on single venture but try to made it diversify. Real estate investors
are mostly unaware of the effectiveness of the increase of rates of real estate.
53
LIMITATIONS
54
LIMITATIONS OF THE STUDY
The present study is based on primary data hence, the possibility of personal bias
cannot be ruled out.
The sample size has been small. Perhaps a large one could have brought more
accurate results.
Project needs identified herein are the broad areas for behavioural towards real estate.
Specific behavioural aspects and technical aspects of project might have remained
lopsided.
Due to individual differences and varying work culture, the generalization practice
perhaps may need modification in bring out the desired results.
55
APPENDIX
56
APPENDIX: QUESTIONNAIRE
1. Age Group
2. Income Group
D) 40000 Above
a) Real Estate
b) Share Market
c) Other Securities
6. Interest rate offered affects the investors behavior in the real estate?
c) Neutral d) Disagree
e) Strongly Disagree
57
7. Does some influential professionals affects your investment behavior?
c) Neutral d) Disagree
e) Strongly Disagree
8. Have you ever been advised which affects your investment in the real estate?
2. Relatives
3. Family Member
4. Any other
a) Yes b) No
a) Short Term
b) Long Term
a) Yes b) No
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13. Do you want to invest in
a) Increased considerably
b) Increased to certain extent
c) Unchanged
d) Decreased to certain extent sale
e) Decreased Considerably
f) Undecided
15. What is the stance regarding real estate sale?
g) Increased considerably
h) Increased to certain extent
i) Unchanged
j) Decreased to certain extent sale
k) Decreased Considerably
l) Undecided
16. What is the awareness of real estate securities & monetization?
59
BIBLIOGRAPHY
60
BIBLIOGRAPHY
Burton G. Malkiel (2003). The Random Walk Guide to Investing: Ten Rules for
Financial Success, New York: W. W. Norton and Company, Inc. ISBN 0-393-05854-9.
Robert J. Shiller (2005). Irrational Exuberance, 2d ed. Princeton University
Press. ISBN 0-691-12335-7.
John R. Talbott (2003). The Coming Crash in the Housing Market, New York:
McGraw-Hill, Inc. ISBN 0-07-142220-X.
Andrew Tobias (2005). The Only Investment Guide You'll Ever Need (updated ed.),
Harcourt Brace and Company. ISBN 0-15-602963-4.
Eric Tyson (2003). Personal Finance for Dummies, 4th ed., Foster City, CA: IDG
Books. ISBN 0-7645-2590-5.
Elizabeth Warren and Amelia Warren Tyagi (2003). The Two-Income Trap: Why
Middle Class Mothers and Fathers are Going Broke, New York: Basic Books. ISBN 0-
465-09082-6.
Dean Baker, Financial Bubbles (Stocks and Housing) and How You Can Protect
Yourself Against Them, Center for Economic and Policy Research Economics Seminar
Series.
Websites
● http://en.wikipedia.org/wiki/Real_estate
61
● http://quarkvsindesign.com/articles/a1/news/2005/quark-city-under-cloud/
● http://www.ibef.org/artdispview.aspx?
in=60&art_id=20297&cat_id=381&page=3
62
REAL ESTATE PROPERTY DEALERS - PATIALA
Sr. Name of The Firm Contact Person Contact no. Address
no.
1 Madhu Bansal Rajesh Bansal 9888000143 Leela Bhawan, Patiala
2 Pazzy.com Rishi Pal Singh 9876314309 23 No. Phatak, Patiala
3 Indica Investment Vikas Kalra 9815945474 Leela Bhawan, Patiala
4 Suneel Babbar
5 Golden bricks TS Arora/ Parveen 9876936000/ Feroz Gandhi Mkt. Ludhiana
8437029990
6 Khosla Investments Maj. SS Khosla 9815160780 Feroz Gandhi Mkt. Ludhiana
7 M/s. Sandeep Mr. Sandeep 9876500019 Sandeep Property Dealer, 96,
Kathuria Kathuria New Leela Bhawan, Patiala
8 Ashwani Property Mr. Ashwani 9814196447 Near Hemkunt Petrol Pump,
Advisor Kumar Sirhind road, Patiala
9 Sukhmani Property Mr. Wajinder 9814715746 Adj. Modern Sen. Sec.
Consultant Singh School, patiala
10 Alient Properties Mr. Ali Jafar Rizvi 9646946311 #53, Fateh Enclave, Phase -
II, Aviation street, Patiala
11 M/s. Nikhil Kapoor Mr. Nikhil Kapoor 9888411843, 143/6, Mohalla Inderpuri,
9417029178 Chandigarh road, Khanna
12 M/s Gurdeep Singh Mr. Gurdeep 7696600089 SCO-18, 1st floor, sher-e-
Singh punjab mkt, Khanna
13 Gupta Property Mr. R.K. Gupta 9316203422 SCO-73, chhoti Baradari,
Consultant opp. Narayan Continental,
Patiala
14 M/s Gulshan Mr. Gulshan 9216969011 #1661, Modl Chand street,
Sharma Sharma near Arya Smaj Chowk,
patiala
15 M/s Ganpat Rai Mr. Raman Kansal 9779591397 42, Preet Nagar, The Lower
Kansal Das Mall, Patiala
16 M/s Pratibha Pratibha Kataria 9815317878 #3,Bharpur Garden, patiala
Kataria
17 M/s Simran singh Mr. Simran Singh 9988000700 523/2, Ghear Sodhian, Patiala
18 Monga Properties Mr. Kanwaljeet 9872888455 SCO-32, FARO 2 A, Gandhi
Singh Monga Mkt, Ludhiana
19 Terrain Estate & Mr. Amritpal 9888897409 SCO-51, 2nd floor, New
Vikas Pvt Ltd Singh Leela Bhawan, Patiala
20 Aastha Properties Mr. Pawan Kumar 9464771963 #34, Good Earth Colony,
Gupta Patiala
63
21 Space & Design Ar. Sanjeev Verma 9814953976 New Leela Bhawan, Patiala
22 Y.P. Singh & Co. Mr. Harcharanjit 9780018019 Leela Bhawan Chowk, Ptiala
Singh
23 Rohin Vohra & CA Rohin Vohra 9814104595 Arna Barna Chowk, Patiala
Associates
24 J.P. Group of Mr. Malkit Singh 9814843228 Opp. Punjabi Uni., Patiala
Properties
25 Raj Properties Mr. Rajwinder 9814818655 Patiala-Rajpura road,
Singh Bahadurgarh
26 Sidhu Properties Mr. N.S. Sidhu 9814196218 Rajpura Road, Patiala
27 R.K. Properties Mr. Tejinder K. 9888988736 Rajpura Road, Patiala
Nagpal
28 Navdeep Estates Mr. Navdeep 9814085519 Phase-2, Urban Estate,
Singh Patiala
29 Sara Township & Mr. Satish Goyal 9814205032 Sirhind Road, Patiala
Dev. (P), Ltd.
30 Taj Real Estate Mr. Prem Kumar 9872138181 Sirhind Road, Patiala
Garg
31 Taj Real Estate Mr. Pardeep 9815459240 Sirhind Road,
Kansal Patiala/Madhya Marg,
Chandigarh
32 Global Enterprises Mr. Ramesh 9888840185 Sirhind Road, Patiala
Singla
33 J.P. Realtors Mr. Jaswinder 9814691747 Sirhind Road, Patiala
Singh
34 Sunrise Properties Mr. Surinder 9814648513 Sirhind Road, Patiala
Singh
35 Kunal Real Estates Mr. Kunal Garg 9464531841 Sirhind Road, Patiala
36 Kissan Property Mr. Balbir Singh 9780383851 Sirhind Road, Patiala
Advisor
37 Rai Property Mr. Jagdish Rai 9814730098 Sirhind Road, Patiala
Consultant
38 Jindal Son's 9872205721 Sirhind Road, Patiala
39 RMP Properties Mr. Rajeev 9814905472 Sirhind Road, Patiala
Aggarwal
40 M/s Bansal Property Mr. K.K.Bansal 9814830699 Sirhind Road, Patiala
Advisors
41 Assetholdings Mr. Rajan Goyal 9888437599 Sirhind Road, Patiala
42 Sukhwash Real Mr. Gurdeep 9781430003 Sirhind Road, Baran
Estate Singh
64
43 Beant Property Supdt. Beant 9914950448 Sirhind Road, Patiala
Advisors Singh
44 Thind Property Mr. Kesar Singh 9463546361 Sirhind Road, Patiala
Advisor
45 HS Real Estate 9888362517 Sirhind Road, Patiala
46 R.S.Property Mr. Raj Chhabra 9888020272 Sirhind Road, Patiala
47 CA Mr. Ajay Singh 9888016235 Nr. Red Cross Bhawan,
Rajbaha Road, Patiala
65