It is well-known that real estate is a major source not only to conceal but also generate unaccounted money. Apart from the demand, one of the main reasons for the increase in cost of land is the role of intermediaries in transaction of lands.
In the absence of any licence necessary for doing real estate business in India, many have entered this field as this gets high profit in a short time. Guideline values, fixed by the Registration Department, are low in many areas especially where there are very little transactions. In regard to the value of land in the peripheries of the cities, especially which are designated as Residential Use in the Master Plan while being physically used for agriculture and dry lands, the GL value is very low. The incentive offered in the IT policy is that there is no need to apply for conversion of use zones. This includes land designated for agricultural use by planning authorities.
INDIA:
IIRE offers real estate courses and programs and other services such as real estate research. IIRE’s courses and programs are contemporary in methodology and offer hands on experience that is vital to excel in the marketplace. Currently, IIRE offers the following programs.
1. Principles and Practices of Real Estate (PPRE)
2. Fundamentals of Property Management. (FPM)
3. Transnational Referral Certification (TRC)
This institute also offering courses of tailor made.
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