2. Objective of this chapter
The objective of this chapter is to make you aware about the
whole cycle of real estate. You could be able to know about
what are the steps involved in real estate and how the whole
real estate process in aligned. This chapter also tells you about
the players involved in this process.
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3. Agenda
• The main Players of Real Estate
– Developer
– Architect
– Lawyer
– RCC Consultant
– Contractor
– Marketing Team
• Their Roles and Responsibilities
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4. Main Players in Real Estate
• The main Players of Real Estate Project Life Cycle are:
– Developer
– Architect
– Lawyer
– RCC Consultant
– Contractor
– Marketing Team
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5. Roles and Responsibility of Developer
• The duties of a builder are that all constructions should be
made on land legally in his possession& not on any disputed
or agricultural land. All building laws shall be followed during
the construction of the building. The construction material
used should be standard.
• The selling of property should be as per law with all legal
papers correct.
• Duties of the builder: - (1) Legal construction (2) Safe
construction (3) Environment friendly construction (4)
Economical construction (5) Attractive construction
• He plans the overall Trainings by Vidya Bhagwat
construction to be made and financially
invests in it.
• He is the initiator and first investor of a project.
6. Roles and Responsibility of Architect
• Mostly one architect is assigned for a particular project.
• The Architect checks the plot and suggests the builder about
the type of construction that could be made in that area.
• Architect collects almost all the legal documents and submits
them in the government corporation.
• Builder chooses an Architect, whom he feels is capable
enough for giving a better look to his construction.
• Architect provides a full structure plan to the builder. He
decides the colour, the design, the specific areas for parking,
for playground etc. Trainings by Vidya Bhagwat
7. Roles and Responsibility of Lawyer
• A lawyer could bring to your attention proposed terms
homebuyers often do not consider, even though such terms
could save them time and money.
• Purchasers need to remember the purchase agreement
usually covers only real property and fails to address some
personal property that you may want included in the deal,
such as a washer or dryer in the home. Such items, however,
can be included in a formal offer. The lawyer can also advise
homebuyers about the merits or pitfalls of the terms a seller
is proposing.
Trainings by Vidya Bhagwat
8. Roles and Responsibility of Lawyer
• A lawyer can explain the difference and decide which is best
for your specific situation. Once comfortable with the
contract’s language, the lawyer will oversee the execution of
the contract by both parties.
• A real estate attorney will also review a title search with the
client to ensure there are no lies, bankruptcies, unpaid taxes
or outstanding mortgages against the property.
• Real estate lawyers document and review real estate
transactions, including purchases, leases, inspections and
appraisals. They alsoTrainings by Vidyatitle insurance and
help resolve Bhagwat
environmental issues.
9. Roles and Responsibility of RCC Consultant
• A RCC Consultant decides how to give structure to the plan
provided by architect.
• He manages materials required for construction.
• A testing report or certificate is required from RCC Consultant
for which he investigates the materials to be used for
construction and after that the construction is started.
• Re-adjustment of R. C. C. design as per the revised
requirements of the client as and when required.
• Visit to the site as and when requested, for checking quality
of concrete already laid. by Vidya Bhagwat
Trainings
• Estimate the total requirements of the structural steel for
completion of the R. C. C. work.
10. Roles and Responsibility of Contractor
• A contractor is a person who takes responsibility of a
particular task and completes it within a limited time period.
• There are generally six types of contractors present in real
estate. They are :
•
•
•
•
•
•
Construction contractor
Brickwork Contractor
Tile Contractor
Painting Contractor
Light, meter(cable work) Contractor
Lift contractor
• All the contractors perform by Vidya Bhagwat and after
Trainings different tasks
completion of all the tasks the whole construction process is
completed.
11. Roles and Responsibility of Marketing Team
• After completion of the whole project, the marketing team
responsibility starts.
• A marketing team must contain
– Good Marketing Strategy.
– Sales Office.
– Sample Flats.
– Well Designed Brochure.
– Train & Smart Sales Team.
– Expert Accountant.
– Marketing Budgeting.
• The main aim of the marketing team is to promote the sales
of the apartment.
• They check to it thatTrainings by Vidya must not remain Non
the property Bhagwat
Performing Asset.
• They also have targets to sell a particular amount of flats.
12. Summary
• There are many person involved in construction of an
apartment.
• The main players are Developer, Architect, Lawyer, R.C.C.
Consultant, Contractor and Marketing Team.
• The government body is involved almost in every step of
construction, because if the government does not approve
then no work could be done.
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13. Assignments
1. Make a report on all the players of real estate.
2. Write few points on each certificate required in real estate
mentioned in this chapter.
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