The real estate development is essential in the outer area of the city. The city will have the ring roads to enter into the city. This is the nicest place to develop and the homes could be constructed according to the requirements of the people. In case, the outer area is with the factories, the area will not be used, the area will be filled with the national road traffic, and only inside the city the factories and normal residents will take place. The normal residents in the city will be with many offices, the office will be working for the support in the factories. In case, the office is producing a product and the product could not be taken order in the factory itself, in that case the factory should have an office in the center of the city. In the center of the city the homes are required more and more for the business class people, working class people, Senior citizens take their medical treatment near to the hospitals requiring the residents in the center part of the city. The center city development is based on the demolition of the old buildings. In case there is an old building with many acres of land means, the real estate owners will be demolishing the entire building and they would be constructing the condo homes for the new residents.
The condo homes are liked by the people because of the facilities
The condo homes are constructed with all the facilities, once the person is buying the condo homes, he would be delighted to see the type of construction and the facilities offered to the residents. In these homes, park is maintained by the company, there will be a common swimming pool and there will be a common community hall to make the community related works. There are some praying buildings are also constructed based on the total population in that area. Therefore, a family will have all the requirements in the colony. The homes are offered by the loans. The minimum pay is enough to pay and occupy the home, the rest of the balance money could be paid as rental agreement way. Within the particular span of time the home payment will be paid by the resident later the home will be registered under the name of the owner, until this financial company will be the first owner of the building.
Once the tenant is paying the entire money for the home, the value for the property is going higher, this time the value becomes three times higher than the previous price. The tenant is now planning to buy a home in a different place, the purchased home is disposed for a high price, the new home is purchased at the low price, and the profit money is enjoyed by the owner. This way, the owners are buying and selling the homes and making regular profits from the real estate business. The government is also happy in collecting the tax charges for the registration of the property.