The real estate development of the country shows the economical condition of the country. In general, once a person is working in the city, he must have to go to the industrial area, the industrial area of the city will be an only urban area and there will be a village administration. When the industry has the workers about five hundred people, at least hundred important staffs should have to stay near to the factory. Only based on this real estate development is taking place. That means industries are developed and simultaneously the residents are developed for the workers. The workers will be feeling happy to work and go back to their homes; whether it is rented or own flat or an apartment it helps the workers. At the same time, the builders are focusing the real estate development only though the factories, theatre, railway station, bus station, airport. When the group of person is selecting the city to transit and they are going to different places, the transit place will be developed by the real estate companies.
The transit place used by the people will be considered for the railway station. From the railway station the public transport will be available to the workers and for the public to move around the place. The development of the real estate starts only based on the utility of the place. In that case, real estate merchants are aware where there is an area suited for the factories. Immediately these real estate companies are constructing homes. These people are targeting the retired people having their homes in these areas. Normally a retired person will have to search additional income, this kind of buying a home and renting for others bring cash with them every month.
The retired people and investors are searching a place to invest their money
In many countries the retired people get the tax benefits for their earned money, this advantage could be had with them only for the particular investments, if they are investing in real estate, agriculture, and share investments are helping the government for the total promotion. Therefore, the tax benefits are offered for the particular sector’s revenue for the public. In this the regular investors as well get all the tax benefits as same as retired people. This enables the investors to search for the best place to develop the real estate. They select the place where there is less chance for the agricultural production. If there is no good soil, it is a waste of time to produce agricultural products. Therefore, the landowners inform the government to permit them to sell the place to the real estate owners. The investors will be constructing the big apartments, the buyers will buy and the homes will be available for rental purpose and for purchase in some buildings. This is how the real estate is growing in all places; the main requirement to have the real estate development is drinking water, pollution free air and less noise from the factories if the area is connected near to the factories.