Real Estate Project Life

Cycle
 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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 Agenda
The main Players of Real Estate
Developer
Architect
Lawyer
RCC Consultant
Contractor
Marketing Team
Their Roles and Responsibilities

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 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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 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 construction
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financially invests in it.
He is the initiator and first investor of a project.
 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. Trainings by Vidya Bhagwat
Architect provides a full structure plan to the
builder. He decides the colour, the design, the
specific areas for parking, for playground etc.
 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 inTrainings
a formalby offer. The lawyer can also
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advise homebuyers about the merits or pitfalls of
the terms a seller is proposing.
 Roles and Responsibility of
Lawyer
A lawyer can explain the difference and decide
which is best for your specific situation. Once
comfortable with the contracts 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
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estate transactions, including purchases, leases,
inspections and appraisals. They also help resolve
title insurance and environmental issues.
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. Trainings by Vidya Bhagwat
Visit to the site as and when requested, for
checking quality of concrete already laid.
Estimate the total requirements of the structural
steel for completion of the R. C. C. work.
 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
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All the contractors perform different tasks and
after completion of all the tasks the whole
construction process is completed.
 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.
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They check to it that the property must not remain Non
Performing Asset.
They also have targets to sell a particular amount of flats.
 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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 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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