About Real Estate Industry
Land is a basic piece of life. We live, work, learn and invest our relaxation energy in buildings such as office, home, hotels, etc. which are all built on land. Buildings and lands all together accumulated are a part of the real estate industry. By far, most of the structures are private houses. The rest are made up of business land and other non-local structures. Business land owners earn a monetary return, generally in the form of a rental. Real estate is a broad term including industrial, leisure, retail, office, recreation, lodging, boarding and medical properties. Investing money and time behind real estate industry also contributes to urban renewal and regeneration. It makes more joyful, more beneficial and more feasible places in response to the evolving ways of living the life. At the same time, the real estate industry also produces social capital. Political impact is also helpful to the real estate industry as it opens doors of opportunities. However, political influence in addition to creating opportunities also generates challenges for this industry. Investing money in real estate, especially through a new building venture is responsible for generating employments, and also benefits neighborhood groups. The industry also pulls in international investments, which is highly important for financial development of nation.