Business Environment Project

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PROPERTY BUSSINESS
IN INDIA:
REAL ESTATE

ACKNOWLEDGMENT

It gives us immense pleasure in acknowledging the valuable and cooperative assistance extended to us by the various individuals who have helped us successfully in completing our project. First of all we would like to thank Mumbai University for giving us this opportunity to study the subject of “BUSSINESS ENVIRONMENT”. We would like to show our gratitude to Prof. Jenny for her valuable assistance, encouragement and support on the topic “PROPERTY BUSSINESS IN INDIA:REAL ESTATE”. Lastly, we would like to thank our parents, friends & colleagues who have supported us during the making of this project. It is the encouragement of these people that has made us proceed towards achieving our goals.

 

CONTENT

* DEFINITION AND MEANING OF PROPERTY
* GENERAL CHARACTERISTICS
* DEFN & MEANING OF REAL ESTATETYPES OF REAL – RESIDENTIAL & COMMERCIAL. * SEZ
* BROKERS
* PROPERTY MANAGEMENT
* PROCESS OF SALE OF PROPERTY
* REAL ESTATE DEVELOPERS
* BUILDERS IN INDIA
* PLOTS IN INDIA
* REAL ESTATE IN INDIA
* LEGAL STRUCTURE
* HOUSE RENT OPTIONS
* FINANCE – FDI, NRI INVESTMENTS

DEFINITION & MEANING OF PROPERTY

Property is any physical or intangible entity that is owned by a person or jointly by a group of persons. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy their property, and/or to exclude others from doing these things. Property is divided into two types: "real property" which is any interest in land, real estate, growing plants or the improvements on it, and "personal property" (sometimes called "personalty") which is everything else. (physical possessions belonging to a person), Important widely-recognized types of property include: private property (any property that is not public property property, owned by legal persons or business entities. It may be under the control of a single person or by a group of persons jointly), public property (state owned or publicly owned i.e any property that is controlled by a state or by a whole community) In other words "Public property," refers to ownership by a governmental body such as the federal, state, county or city governments or their agencies (e.g. school or redevelopment districts) and intellectual property (exclusive rights over artistic creations, inventions, etc.), although the latter is not always as widely recognized or enforced. A title, or a right of ownership, is associated with property that establishes the relation between the goods/services and other persons, assuring the owner the right to dispose of the property as they see fit. Property is not a relationship between people and things, but a relationship between people with regard to things. General characteristics

* Modern property rights are based on conceptions of ownership and possession as belonging to legal persons, even if the legal person is not a natural person. In most countries, corporations, for example, have legal rights similar to those of citizens. Therefore, the corporation is a juristic person or artificial legal entity, under a concept that some refer to as "corporate personhood". * Not every person or entity with an interest in a given piece of property may be able to exercise all possible property rights. For example, as a lessee of a particular piece of property, you may not sell the property, because a tenant is only in possession and does not have title to transfer. Similarly, while you are a lessee, the owner cannot use their right to exclude to keep you from the property, or, if they do, you may be entitled to stop paying rent or sue for access. * Further, property may be held in a number of forms, such as through joint ownership, community property, sole ownership or lease. These different types of ownership may complicate an owner's ability to...
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