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Summer Internship Project Report

On
The impact of real estate developers such as Roots Developers
Private Limited in the Real Estate Industrys growth
SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF BBA PROGRAM
(2013-2016) OF SCHOOL OF MANAGEMENT, GD GOENKA UNIVERSITY,
GURGAON

ACADEMIC SESSION
2014-2015

SUBMITTED BY:
NASIR KHAN
ENROLMENT NO: 130010201056
BBA (SEMESTER-5)
G.D. GOENKA UNIVERSITY

DECLARATION
I Nasir Khan, pursuing BBA (fifth semester), at the School of Management, hereby pronounce
that the summer internship report " The impact of real estate developers such as Roots Developers
Private Limited in the Real Estate Industrys growth " submitted to G.D. Goenka University in

halfway satisfaction of degree of Bachelors of Business Administration is my unique and


original work. The data and information given in the report is credible to the best of my
knowledge.

ACKNOWLEDGEMENT
During the course of my assignment, I was fortunate enough to have the help and guidance of a
few very respected individuals who deserve my greatest and utmost gratitude. The completion of
this assignment gives me a lot of satisfaction. The individuals have affected me greatly, whether
in shaping my attitude in the work environment, my reasoning, conduct and set of principles. I
am thankful and overwhelmed in developing my appreciation towards individuals who have put
in their time to help me in the effective completion of this summer internship at ROOTS
DEVELOPERS PRIVATE LIMITED.
I would also like to thank Mr. Devender Yadav for guiding and mentoring me throughout the
internship. I am indebted to him for bestowing his vast knowledge on me. I am grateful for his
guidance, invaluable constructive criticism and friendly advice during the internship.

TABLE OF CONTENTS
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PARTICULARS
INTRODUCTION
COMPANY PROFILE
OBJECTIVES AND PURPOSE OF THE SUMMER
INTERNSHIP
WHAT ARE REAL ESTATE DEVELOPERS
ROLE OF DEVELOPERS IN THE INDUSTRY
EXPERIENCE
BIBLIOGRAPHY

PAGE NO.

INTRODUCTION
India as we know is relatively still a young nation and has nowhere near reached its true potential
as a super power, even though we are the largest economy in the world with a population
exceeding 1 billion people, rich in natural and human resources it is only when our resources are
planned and executed efficiently when we will realize our potential.
Having said that, over the past few decades India has seen exponential growth in our population,
industrialization and urbanization, the growth spurt was so sudden that it was over whelming for
our pre-existing cities that couldnt deal with the rapid change. This has called for an
expansion to cater to our growing demands, which is where the real estate industry comes in to
play. The real estate industry will be responsible for planning, mapping and executing the future
for us, and that is why I chose to do my internship with a prestigious Real estate firm like Roots
Developers Pvt Ltd. As I believe it is the industry of the future.

COMPANY PROFILE
INTRODUCTION TO ROOTS DEVELOPERS PVT. LTD.
About the Company

Roots is one of the emerging business houses in the NCR. Our success is linked to the
trust & confidence shown into us by our worthy clients and a dedicated team of about
300 employees; which consists of professionally tough and well qualified, engineers,
marketing personals, supervisors, technicians etc. who have also contributed their chunk
in our growth.

Roots has its own roots embedded into the tough & hardened foundations of land bank
of hundreds of Acres and various businesss like:

Real Estate business & construction of Group Housing Projects, Commercial

Complexes and Plotted Colonies in collaboration with renowned builders of India.

Construction & infrastructure development in roads, highways and flyovers

Manufacturing of Ready Mix Concrete in the NCR.

Mining & Manufacturing of Aggregates

Roots has developed a culture of superior performance backed by the quality


construction work & best specification and we have proved it time & again by sheer
dedication, hard work & professionalism that we are the best at it.
Roots is consolidating its business in major fields like Real Estate, construction & Ready
Mix Concrete manufacture &Transportation which are prime areas of business
employment generation & quality creation.

OBJECTIVES AND PURPOSE OF THE SUMMER INTERNSHIP

To be able to gain the working knowledge and skills in the real estate industry.
The main objective of the study is to know about the role that real estate developers play in the
real estate industry as a whole.
Working as a team with different people from with different backgrounds.

WHAT ARE REAL ESTATE DEVELOPERS


Real estate development, or property development, is a multifaceted business, encompassing
activities that range from the renovation and re-lease of existing buildings to the purchase of raw
land and the sale of improved land or parcels to others. Developers are the coordinators of the
activities, converting ideas on paper into real property. Real estate development is different from
construction, although many developers also construct.

Developers buy land, finance real estate deals, build or have builders build projects, create,
imagine, control and orchestrate the process of development from the beginning to end.
Developers usually take the greatest risk in the creation or renovation of real estateand
receive the greatest rewards. Typically, developers purchase a tract of land, determine the
marketing of the property, develop the building program and design, obtain the necessary public
approval and financing, build the structures, and rent out, manage, and ultimately sell it.
Sometimes property developers will only undertake part of the process.

Land development
Purchasing unused land for a potential development is sometimes called speculative
development.

Subdivision of land is the principal mechanism by which communities are developed.


Technically, subdivision describes the legal and physical steps a developer must take to convert
raw land into developed land. Subdivision is a vital part of a community's growth, determining its
appearance, the mix of its land uses, and its infrastructure, including roads, drainage systems,
water, sewerage, and public utilities.

In general, land development is the riskiest but most profitable technique as it is so dependent
on the public sector for approvals and infrastructure and because it involves a long investment
period with no positive cash flow.

After subdivision is complete, the developer usually markets the land to a home builder or other
end user, for such uses as a warehouse or shopping centre. In any case, use of spatial
intelligence tools mitigate the risk of these developers by modelling the population trends and
demographic make-up of the sort of customers a home builder or retailer would like to have
surrounding their new development.

ROLE OF DEVELOPERS IN THE INDUSTRY


What we realised while working for a real estate developer is that:
In todays times where there is constant and aggressive urban expansion going on, the larger
development companies partner up with smaller firms to help cater to the ever growing demand.
Firms like roots developers are the ones who are actually responsible for carrying out the urban
expansion as they do all the major jobs.
Take the Gurgaon expansion into consideration, most of the townships that are being made are
not actually constructed by the companies whose name is on the banner, rather it is constructed
by the smaller firms like Roots Developers Pvt Ltd.
In conclusion developers like them are actually the back bone of the industry as they are the ones
who are actually catering to the expansion and demand in the industry.

EXPERIENCE
The experience during my summer internship was an eye opener for me, as a new recruit is that
the firm will use you as a resource to their convenience and disposal. As a summer intern there
are no designated jobs or responsibilities, you will do what they require you to, some days we
were working the phones, emails etc. and some days we had work on site, as to see to some tasks
as picking up the flexi glass, or installing of the hoardings etc.

BIBLIOGRAPHY
http://www.rootsdevelopers.com/index%202.html