1. Housing and Real Estate Development
URP 3161
Housing and Real Estate Development
Real Estate – Basic Issues
Presented by:
Showmitra Kumar Sarkar Lecturer
Department of Urban and Regional Planning
Khulna University of Engineering & Technology (KUET)
Khulna-9203, Bangladesh

2. Acknowledgement...
These slides are aggregations for better understanding of the topic mentioned in the previous slide . I acknowledge the contribution of all the authors and photographers from where I tried to accumulate the info and used for better presentation.

3. Real Estate
Real Estate is property, refers to anything that can be owned.
Tangible Asset
Intangible Asset
Physical things (i.e. automobiles, clothing, land and buildings etc.)
Contractual Rights (i.e. mortgage and lease agreements), Financial Claims (i.e. stocks and bonds), Interests, Patents and Trademark.

4. 3 Fundamental Ways to Express Real Estate
First: As Tangible Asset
Second: As Bundle of Rights
Third: As Industry and Profession

5. Improvements to the Land Improvements on the Land
As Tangible Assets
Real Estate can be defined as the land and its permanents improvements.
Improvements to the Land
the components necessary to make the land suitable for building construction or other uses (i.e. infrastructure and consists of the street, walkways, storm water drainage systems, and other systems such as water, sewer, electric and telephone utilities that may be required for land use.)
Improvements on the Land
(i.e. buildings, fences, walls and decks etc.)

6. As Tangible Assets
Tangible assets include both Real Property and Personal Property.
Personal Property
-things that are movable and not permanently affixed to the land
Real Property 
-immovable property (i.e. land and anything attached to the land)
How personal property can be converted real property?

7. Bundle of intangible rights associated with…
As Bundle of Rights
Bundle of intangible rights associated with…
the Ownership
Use of the Site
Improvements
Bundle of property rights may be limited in numerous ways (i.e. land use restrictions).
Rights can be distributed to multiple owners and non-owners.
The value of bundle of rights is a function of the property’s physical, locational and legal characteristics.

8. As Industry and Profession
Refer to the industry activities associated with evaluation, producing, acquiring, managing, and selling real property assets.
Real estate professions vary widely and include:
Real estate brokerage, leasing and property management services
Appraisal and consulting services
Site selection, acquisition and property development
Construction
Mortgage finance and securitization
Corporate and institutional real estate investment
Government activities such as planning, land use regulation, environmental protection and taxation.

11. Questions ?