Real Estate Market Essay

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2.1 Real Estate Market
2.1.1 Basic terminology
Absolute title: 1. the right ownership of a mortgage deed, which gives the right, in certain specific circumstances, to demand repayment in full, of the outstanding debt than the due date.
2. A clause in a deed or contract which provides for an early termination of an exciting interest in land, in certain specific circumstances, thereby advancing the future interest.
 Alternative-for lease/sale: a contract to enter into lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom the action is taken for breach of the alleged contract and there must be a sufficient act of part performance.
 Assignment: the transfer of a property interest, especially a lease, from one party to another.
 Building bye-laws: Local authority control of building standards promulgated to regulate and control the usage of property and areas in cities and town.
 Broker: a person or company who acts as a medium of bringing together two parties in a transaction.
 Developer: An entrepreneur who has an interest in a property, initiates its development and ensures, that this is carried out (for occupation, investment or dealing) and from the outset accepts the responsibility for providing or procures the requisite funds needed to finance the whole project.
 Development control: The power of a local authority to control the development and the use of land, which includes the refusal or grant (with or without conditions) of planning permission.
 Discounted cash flow analysis: It is a technique used in investment and development appraisal whereby future inflows and outflows of cash associated with a particular project are expressed in present-da...

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...S$1 billion from private equity funds in the year to March 2012. In a market as large as India, that is still far from impressive, but incoming capital is expected to rise in the following year. If it does, it will represent a significant turnaround for a market that foreign private equity investors have largely shunned since the onset of the global financial crisis. Risks associated with Indian real estate investment are considerable, however. As one interviewee puts it, “It’s like China, but more complex in every possible way, without the infrastructure.” Bureaucracy, ubiquitous delays, land acquisition scandals, and an ongoing national protest movement targeting corruption have all contributed to waning foreign interest in Indian markets, with foreign direct investment and portfolio investment dropping markedly despite economic growth of about 8 percent in 2011.
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