REAL ESTATE BUSINESS BOOMING IN THE DEVELOPING COUNTRIES Before you should step down to the main content, here are some definitions that you need to know. Here are some those; LANDS: It comprehends any ground, soil in the earth and whatever. PROPERTY: In strict legal sense, an aggregate of right which is protected and guaranteed by government. PRIVATE PROPERTY: Private property is totally owned by public i.e. individual ownership of a land, house, chattels, etc. This property is fixed to whom it belongs and transmissible to others. It is protected by individual. REAL ESTATE: Real property, means useable lands, tenements, etc and after death passes to his heir. Rising Real Estate: The real estate market is booming and construction properties business is wheeling up around the world after financial crisis hits world economy. More and more investor heads down towards construction business. Thus it becomes booming and climbing a new peak. Most invested area is developing countries such as India, China, New Zealand, Brazil, Venezuela, etc. On the other hand, construction boom in the housing and commercial property sector is driving real estate investments in Asia-Pacific region, according to a research report titled "Real Estate: A Global Outlook" announced by Global Industry Analysts. Residential buildings segment remained depressed due to high unemployment rates, while industrial and commercial properties witnessed drop in occupancy rates, tenant demand, and rentals, the report titled ‘Real Estate: A Global Outlook’. Markets in developing countries : After mass financial hit down Canada, China real estate is booming. The main reason is permanent invest in this sector. New Zealand, India, Hong Kong, Thailand and Vietnam are also boosting . Middle east market : Now-a –days, Middle east markets playing key role in construction.Major projects in the UAE such as Dubai, Abu Dhabi, Sharjah, Al Ain, Ajman, Ras Al Khaimah, and other cities on the Persian Gulf. Burj-al- arab, Palm Islands are the mega buildings and constantly showing booming construction sector in this region. South America : South Africa and Brazil are the most booming real estate market in this region. Cities like Sau Palo, Rio De Generio, Brasilia, Manaus are the main booster. South-East-Asia : Mainly China have boost in this sector. As well as India, Vietnam are showing their potential in the world market.
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