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| English: Commercial property in Carnotstr., Berlin. Deutsch: Gewerbeimmobilie der DB Immobilien GmbH in der Carnotstraße 4-6, Berlin. (Photo credit: Wikipedia) |
We are all aware of the power that the
estate world holds on the global economy. Spanning through the world are its
creations of multiplexes, shopping malls that sweep through acres of land and
buildings and offices that put the best of the natural wonders to shame. The
estate world has bestowed upon man the right to create man made wonders from the
ores of iron and steel. It has shaped
the way the world looks and how each piece of construction speaks out its own
story. The estate market is also essentially responsible for the allocation of
the growing populace on the planet, for the dispensing of the work population
into new work areas and for the impressive grandeur that it has added to
everyday living.
From our history we can study the way we
have evolved in putting across homes and centres of refuge. The estate sector
has changed the whole phenomenon of living by introducing new modes and
lifestyles. It has made possible the infusion of luxury in everyday homing and
has brought together the elements of comfort and class that seek to make a
house something close to a site of art. It has fuelled the global economy by
its boost and is solely responsible for the spread of industrialization to
otherwise rural areas. It is also responsible for getting underdeveloped
countries a strong economic backbone in the global financial scenario by being
their star asset.
The current baby of the estate market is
the branch of commercial property. In developing nations like India and China
and other nations in Asia, industrialization is picking up speed. It is
spreading its roots further in these places and they have come to be the
biggest investment sites for residential and commercial property. The reason
being, that some of the top industrial names want to set up their base in these
nations since these places are the future of industrialization and
capitalization marking them as the most lucrative sites for investment in
property. These nations are budding
industrial spots where the power of urbanization is just starting to appear and
this is where the future expansion of the estate sector lies.
Also, these developing countries boast of
many multinational firms and businesses that require commercial space to set up
and grow their trade. As a result there has been a rave of upcoming commercial
property ranges in the major business capitals of these nations, some of the
namely, Mumbai (office buildings in
BKC, the town’s new industrial centre), Shanghai, Guangzhou, etc. These
nations now cater to a work culture very different from the traditional 9 to 5
work hours one. These multinationals collaborate with local firms within the
country to provide an international base for trade across the nation and thus
enhances the overall growth of business within the country. These firms require
work spaces that cater to the changing work culture and are a part of the
growing industrial realm throughout the world. They are built with the top most
of technology along with the floor space wide enough for the employees to roam
about and think and to exchange ideas and thoughts.
Since it is now a collective work culture
and no longer an individualistic one, the properties in construction are spaces
that try and accommodate the changing demands of the industrial market. The
estate world is constantly on the go to incorporate the changing trends and
expressions of the human life that surrounds it and to produce and sell
properties that cater to every taste and need.
Bio: Sumer Lobo is a real estate property
dealer and he deals with commercial properties all around India and the Indian
subcontinent. He wishes to expand his vision to the residential section of the
property market as well. He thinks that the upcoming range of office buildings in BKC, Mumbai are the best sites for
commercial property investment. Also he writes for http://www.thecapitalbkc.com/
