The real estate is developed by the both government and by the private companies. In general, the government cannot provide homed directly to the people in all the places. In case, if the person is residing in the main area, the homes are offered by the government, to develop the urban and rural areas, the private sectors are invited by the government to help the population residing in those other areas. In this connection, the people residing in the old homes will be interested to change their homes to the new.
The new homes are not easily constructed in a place. The real estate company is selecting a place based on the entire facilities. In case, the place has common public transport facility the companies are buying any land. In case, if the old theater owner is selling the theater now there will be theater plus other residential buildings. The reason is the people are not interested to spend time in the transport; they are interested to spend ten to twenty minutes travel to their office from the homes. In this connection, the office will be reached by the workers within ten minutes; the home will be close to the working place. However, people are ready to spend money for the holiday plans, but rest of the time, the residents feel to stay at home with all entertainments in the home itself.
The homes are constructed at present for the long term use only
The present homes are constructed in concrete and the assurance for the building life is about for twenty to thirty years. Before some years, the building was constructed by the lime and cement, these buildings are strong, but the way of construction is different, now the students are not studying this type of constructions. They are in the latest architectural education. Now the plans are different, even the homes are managing light earthquake shake in the building; earlier the building is strong enough for the earthquake or for the storm. Therefore, once the person is constructing a home and offering for the rent, it is surely up to thirty years there will be regular income for that person. Meantime, in these years he is paying the installments for the building regularly, this permits the person to own the place without any trouble. In fact, many people collect the rent and paying the dues to the financial companies, in this tax benefits are there for the person. This way the money is saved and the building rental income of the person is permanent. Real estate is an income fetching industry; the investor should invest in the right place where the people will be interested to buy the properties. In case, the place is selected wrongly the people will be selling the property immediately, but there will not be any new buyer for the same property as the area is not developed to use the area for everything. Generally, people are expecting a home which is close to school, college and working place, to work near to the home.