Real Estate Tender Opportunities in the Country for Entrepreneurs

For many investors real estate provides one of the best opportunities and this is one of the most flourishing and growing sector in the economy. That is why multiple real estate tenders are floated by different requisitioning organizations in the private sector.

Real Estate Tenders in Public Sector
It does not mean that there is no scope for real estate tenders in the public sector. On the contrary numerous such tenders are floated every month from different authorities under the central and state governments in the country. Thus an entrepreneur can benefit on both counts by bidding for the tenders in public as well as in the private sectors.

Basic Differences
Basic differences in the bids on real estate tenders in public sector and private sector is that in the public sector the tenders are floated inviting bids for purchase of real estate properties whereas in the private sector it can be both ways; buying as well as selling. Reasons for this difference are that-

• Government does not require buying lands as land of the state is within its jurisdiction.
• Even when the government requires private lands for any purpose, it will go for the acquisition under Land Acquisition Act 1894 on payment of compensation on resort to such other Acts and Rules as the Coal Bearing Act 1982, NH Act or the Railways Act.
• Thus question of floating real estate tenders for buying real estate property in case of government is irrelevant.
• Private sector is just the reverse where most of the tenders are floated for buying though some tenders are also floated for selling.

Real Estate Tenders Types
Multiple types of real estate tenders are floated in the market on regular basis. Such tenders relate to wholesaling, flipping houses, buy and hold, as well as the rehabbing properties.

Bid Price Differences
While real estate industry has grown by leaps and bounds during the last few decades, real estate tenders vary in the private and public sector in terms of prices. For government tenders, the bidder has to pay premium as fixed by government while for the private sector tenders, bidders can negotiate for the price either using the services of real estate agents or on their own. No brokerage is available in case of the government tenders.

Reasons for Growth of Real Estate Tenders
Population explosion, rapid industrialization and urbanizing trends have resulted in rapid growth of real estate business and consequentially in exponential growth of real estate tenders in the country. Land sale tenders are also floated quite often so that the requirements of both government and corporate houses. Such tenders are also floated by other agencies, especially the upcoming industries and corporate houses for meeting their diversified requirements like offices, staff quarters, factories and setting up other structures.

Whether it is the land sale tenders or other types of real estate tenders, bidders should carefully assess the legal requirements that could vary with geographical variations of locations. Though laws relating to real estate are mostly similar within the boundaries of a particular province, it could widely vary beyond the geographical limitations.

That is why it is necessary for any prospective bidder to learn about the specific legal requirements of the location.

Growing Real Estate Business and Land Sale Tenders

Real estate industry has experienced immense growth during the last couple of decades. Rapid urbanization coupled with population explosion and industrialization has brought up extraneous pressure on land resources in the country. Land sale tenders are often floated in order to attend to the requirements of the community and economy at large. Such tenders are often floated by government or the local authorities for development projects or for any other purposes. Similar tenders are also floated by other agencies under government as well as by corporate houses from time to time. Bidders should however understand the legal requirements of the state where such tenders are floated so that there are no complicacies in future.

During the last couple of decades real estate industry have grown considerably. Population explosion on one hand, elimination of joint family systems giving birth to multiple new families, and rapid urbanization on the other hand has resulted in growing demands for land. Unlike other properties land is something that is static. Prices of land are growing continuously and this has given rise to number of land sale tenders in the market.

For businessmen, land sale tenders offer quite good opportunities for entrepreneurs irrespective of their respective sizes and capabilities. People who can deal effectively with the tenders will always have substantial scope for making profits and promoting their business.

Land Sale Tenders Opportunities - Following are the major sources of tenders that are floated for sale of land. In India, land is a subject matter of state list. Hence it is the respective state governments that hold the rights over land in the state. Government often floats land sale tenders for residential, industrial, and commercial purposes. Of course the rates, regulations, and procedures will vary in each case of land sale tenders. On the other hand industrial houses and builders are the largest buyers of land on sale. Industries require land for setting up their industries, factories and such other units whereas builders require land for running their real estate business.

Requirements for Bidders - Bidders who desire to bid for lands have to take care of certain aspects. First of all they have to understand the legalities involved in the process. Other legal requirements involved are the state laws relating to buying and selling of land. Usually every transaction is to be carried out with a registered instrument as required under the Transfer or Properties Act 1882 and Indian Registration Act 1917. Land sale tenders may also have other legal requirements depending on the local legislations.

Bidding for Government and Private Lands - Bidders in respect of government lands have to pay premium as decided by government. On the other hand for other types of lands it is usually the market value that is to be paid. Other legal requirements for attending the land sale tenders would be licensing and the permission of the planning and development authorities under whose jurisdiction the area comes.