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BAS Real Estate and Properties

BAS Real estate and Properties (BAS REP) - Layout Promoters & Builders (LPB) working with many Housing and Properties, Real estate companies for Marketing and Services (M&S). BAS fastest growing Marketing and Service & property development company supports through its strategically located & meticulously planned townships has positioned as a company selling affordable real estate with huge and immediate potential for appreciation.

BAS Real estate and Properties (BAS REP) - Layout Promoters & Builders (LPB)

BAS Real estate and Properties (BAS REP) - Layout Promoters & Builders (LPB) working with many Housing and Properties, Real estate companies for Marketing and Services (M&S). BAS fastest growing Marketing and Service & property development company supports through its strategically located & meticulously planned townships has positioned as a company selling affordable real estate with huge and immediate potential for appreciation. 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. Also the business of real estate is the profession of buying, selling, or renting land, buildings or housing.

Many of us don’t realize that real estate is a different industry or a different sector but the fact is that it is a huge sector where various management activities are to be done as this is the industry where the product ranges from lakhs to crores.

The Real Estate View

The real estate industry is one of the fastest growing industries in our economy, with a Compound Annual Growth Rate of approximately 33%. A US$ 70 billion industry at present, it is expected to touch US$ 100 billion in the next six years. The sustainability of growth in the real estate industry has its roots in strong demand fundamentals: a. Rapid expansion of the IT/ ITES and business outsourcing industry (including knowledge process outsourcing and clinical testing outsourcing); b. Rising demand in the residential sector, encouraged by rapidly increasing income levels; c. Acceptance of shopping malls as “one stop destinations” for consumers; and d. Growing popularity of Special Economic Zones as preferred destinations for both manufacturing and service industries. There is an estimated requirement of 90 million housing units over the next fifteen years and 250 million sq. ft. of office space over the next six years.

The Real Market Scenario Today

The real estate sector is a critical sector of our economy. It has a huge multiplier effect on the economy and therefore, is a big driver of economic growth. It is the second-largest employment-generating sector after agriculture. Growing at a rate of about 20% per annum and this sector has been contributing about 5-6% to India’s GDP. Not only does it generate a high level of direct employment, but it also stimulates the demand in over 300 ancillary industries such as cement, steel, paint, brick, building materials, consumer durables and so on.