The term ‘real estate’ is defined as land, including the air above it and the ground below it, and any buildings or structures on it. It is also referred to as realty. It covers residential housing, commercial offices, trading spaces such as theatres, hotels and restaurants, retail outlets, industrial buildings such as factories and Government buildings.
Real estate involves the purchase, sale, and development of land, residential and non-residential buildings.
The main players in the real estate market are the landlords, developers, builders, real estate agents, tenants, buyers etc. The activities of the real estate sector encompass the housing and construction sectors also.
The real estate sector in India has assumed growing importance with the liberalization of the economy. The consequent increase in business opportunities and migration of the labour force has, in turn, increased the demand for commercial and housing space, especially rental housing.
Developments in the real estate sector are being influenced by the developments in the retail, hospitality and entertainment [e.g., hotels, resorts, cinema theatres) industries, economic services (e.g., hospitals, schools) and information technology (IT)-enabled services (like call centres) etc. and vice versa.
The real estate sector is a major employment driver, being the second largest employer next only to agriculture. This is because of the chain of backward and forward linkages that the sector has with the other sectors of the economy, specially with the housing and construction sector. About 250 ancillary industries such as cement, steel, brick, timber, building materials are dependent on the real estate industry.
The Indian real estate market is still in its infancy, largely unorganized and dominated by a large number of small players, with very few corporates or large players having national presence. The Indian real estate markets, as compared to the other more developed Asian and Western markets is characterized by smaller size, lower availability of good quality space and higher prices.
Supply of urban land is largely controlled by state-owned development bodies like the Delhi Development Authority (DDA) and Housing Boards leaving very limited developed space free, which is controlled by a few major players in each city.
Many of the over 100 laws governing various aspects of real estate date back to the 19th century. Despite the plethora of laws, the situation appears to be far from satisfactory and major amendments to existing laws are required to make them relevant to modern day requirements.
Tarakki Career Solutions Private Limited (TCSs) is at the forefront of
workforce management solutions with more than 10 years of experience in the
industry.
Our attention has been drawn to the fraudulent recruitment activities by individuals posing as Tarakki Career Solutions or Employees of Tarakki Career Solutions, trying to trick candidates to part with large sums of money by promising them job offers.
These individuals are also wrongfully using the company’s registered trademark as well as using fake and copied website to legitimise their activities to lure innocent candidates to fall into this trap.
Tarakki Career Consultants does not charge any fee at any stage of its recruitment process from the candidates.
We would like to categorically state that these communications are purely made with the intent to defraud the candidates. The company has not authorised any individual to acquire any kind of payment from candidates, towards our company or towards any individual in the recruitment process.
If you have any questions or concerns, please contact career@tarakki.co.in