Gary Keller and Joe Williams established the “Keller Williams Realty” in the year 1983. Gary Keller and Joe Williams used to work in a real estate company in Austin, Texas. It was the biggest real estate company at that time. It was at this place that both the person came together to form a long lasting friendship. Both of them believed in the idea that the company should work for the employee. This idea led to the formation of “Keller Williams Realty” in the subsequent years. » Read more: Keller Williams Realty – Franchise Review

The city of Noida came into form on 17 April 1976 when the UP government notified 36 villages under the section 3 (i) of the Uttar Pradesh Industrial Area Development Act 1976. Noida was named after the autonomous body, New Okhla Industrial Development authority. Being located on just the eastern part of the national capital territory of Delhi, over the years the city has developed immensely.

Noida in deed is one of the largest industrial cities in India and has also emerged as a major corporate hub in the NCR region. Noida is now the common ground for the development of commercial, residential as well as retail units. In fact, the real estate companies in Noida are on full gear to suffice the growing demand for Noida realty landmarks. » Read more: The Emerging Real Estate Companies in Noida

The last few years saw property prices go through the roof. Three factors that impact property price are cost, interest rate and income levels. Given the fact that in India, the shortage of residential units is approximately 19 million, demand side will never be an issue. Reduction in interest rates and tax incentives for home loan repayment drastically increased the affordability and demand of residential properties after 2005. And as supply lags behind the demand for residential properties, prices logically rose drastically. Similarly, growth in IT and ITES sector and organized retail sector resulted in increase in commercial property prices.

Driven by soaring commercial and residential property prices, valuation of real estate companies also increased dramatically. Some investors consider the size of ‘land banks’ as a key parameter for investing in realty companies, and give little importance to margins and execution time taken to complete these projects. The major pitfall of this approach is that even loss making companies will be valued highly, despite having poor fundamentals. » Read more: How to Value Real Estate Companies