This is all about real estate & developers for those people who don't know anything about real estate & developers and want to
Many people might understand that Real Estate & Real Estate Developers are same. But, they are wrong. There is a difference between Real Estate & Real Estate Developers. Now, you have come to know about Real Estate, in simple words, as discussed above.
Let see what is Real Estate Developer
Real Estate Developer, in simple words, one who develops land. & this phenomena is called Real Estate Development. And, the difference between Real Estate & Real Esate Developer is that Real Estate Developer or Real Estate Development is the part of Real Esate.
Since, Real Estate Developer is one who develops land. To develop land you need two things
Builder or Building Contractor is one or an organisation who does construction work, simple.
So, from above, you can say that there are two kinds of Real Estate Developer
Case 1: Investors want to buy land & they can provide all the money for the construction but do not know the construction work so they hire builder(s) or constructor(s) on contract and such builder(s) or constructor(s) is/are called Building Contractor(s).
In simple words
Case 2: Building organisation or Construction organisation so called builder or constructor has the money but not sufficient that is still needed some money to buy land & do the construction so they go for partnership with Investors to cover & complete the whole project financially.
In simple words
Now you people might have known what is Real Estate about simply, difference between Real Estate & Real Estate Developer, difference between Builder & Building Contractor
Lets summarize the above two cases & generate the difference between Builder & Building Contractor as following
Real Estate involves the following activities
I hope that some basics & fundamentals may have cleared.
Above all data is about basic concept that can be related to simplify consfusions & complexions .
Note: Realty means Real Estate + Property.
And, in real estate Land is called Property.
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- Agricultural land - land used for farming
- Plot - empty piece of land ,approved by concerned authority, on which a house or houses, a residential buildings, commercial buildings like offices, malls, shops, colleges, hospitals, schools etc can be built or constructed or developed
- Developed land - land on which a house or houses, a residential buildings, commercial buildings like offices, malls, shops, colleges, hospitals, schools etc are already built or constructed or developed
- Raw or rough land - land far from city or town, completely uncivilised. This type of land is chosen to develop like townships, small cities etc. You can also call it as Undeveloped land.
Many people might understand that Real Estate & Real Estate Developers are same. But, they are wrong. There is a difference between Real Estate & Real Estate Developers. Now, you have come to know about Real Estate, in simple words, as discussed above.
Let see what is Real Estate Developer
Real Estate Developer, in simple words, one who develops land. & this phenomena is called Real Estate Development. And, the difference between Real Estate & Real Esate Developer is that Real Estate Developer or Real Estate Development is the part of Real Esate.
Since, Real Estate Developer is one who develops land. To develop land you need two things
- Money or capital
- Builder or Building Contractor
Builder or Building Contractor is one or an organisation who does construction work, simple.
So, from above, you can say that there are two kinds of Real Estate Developer
- Investors
- Builders
Case 1: Investors want to buy land & they can provide all the money for the construction but do not know the construction work so they hire builder(s) or constructor(s) on contract and such builder(s) or constructor(s) is/are called Building Contractor(s).
In simple words
- all money is provided by the Investor or Investors
- Building Contractor is hired for the whole construction work only
Case 2: Building organisation or Construction organisation so called builder or constructor has the money but not sufficient that is still needed some money to buy land & do the construction so they go for partnership with Investors to cover & complete the whole project financially.
In simple words
- Money is provided partly by the Investor & partly by the Builder on partnership basis
- Builder is responsible for the whole construction
Now you people might have known what is Real Estate about simply, difference between Real Estate & Real Estate Developer, difference between Builder & Building Contractor
Lets summarize the above two cases & generate the difference between Builder & Building Contractor as following
- Building Contractor is a Constructor who is hired on contract to do the construction. And, hiring is done through Estimation & Tendering.
- Builder is a Constructor who invests money & does the construction work also
- Building contractor does not invests & only does the construction
- Builder invests & also does the constuction
Real Estate involves the following activities
- Buying or Purchasing Land (Investors are needed).
- Selling Land (Marketing, Sales & Advertisement)
- Developing Land (Real Estate Development concept)
- Buying or Purchasing Developed Land (Investors are needed)
- Selling Developed Land (Marketing, Sales & Advertisement)
- Renting or Leasing Developed Land (Marketing & Advertisement).
- Managing Land (Developed & Undeveloped) which is called Property Management.
- Mantaining Land (Developed & Undeveloped) so called Property Mantainance.
- Loans like home loans to buy land or home like mortgage.
I hope that some basics & fundamentals may have cleared.
Above all data is about basic concept that can be related to simplify consfusions & complexions .
Note: Realty means Real Estate + Property.
And, in real estate Land is called Property.
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For Facebook users
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A very good article in explaining the terms of Real Estate and property.
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