Welcome to know & Share information about Real Estate Market & Opportunity to invest.

This blog is an effort to bring more comprehensive, precise information about the current happening of Global & specially India's Real estate market and can have also professional advise and assistance to invest in "PUNE" city which is a India's Premiere IT Hub, Education Hub added with fantastic weather all the year & Surrounded with scenic beauty of hills. "Navi Mumbai" is also known emerging investment destination.

There will be frash review and open discussion about the specific topic which may interest to you.

EXPERT/PROFESSIONAL ADVISE TO NRI's (NON RESIDENT INDIANS) TO INVEST IN REAL ESTATE/ PROPERTIES IN PUNE, MAHARASHTRA, INDIA

*we are Real Estate Consulting / Brokering & property management company, based in pune and we work in PUNE, MUMBAI & GOA’s premium high ticket price properties and also assist buyers to book or buy/purchase suitable property as per their requirements and budget and can also offer any underconstruction propery from all recognized developers in pune. It\'s like saving time and getting our expertise & knowledge to search property for interested buyer\'s.

Resale/leasing, property management will involve service / brokering Fees. (We Believe in Quality)

RERA REGISTRATION NO. A52100002438

(reach directly on my cell No. 91-7498829332, +91-9822052388, Email: deepaksundrani@thegururealty.com

PLEASE ALSO VISIT OUR NEW WEBSITE ON SPECIFICALLY DEDICATED FOR PROPERTY MANAGEMENT SERVICES website http://punepropertymanagementservices.com/


It's always good time to invest in properties in rapidly developing INDIA

Dear freinds, it has quite sometime that i am again writing as has been very busy in my core business of consulting property buyers to purchase properties in Pune, India. here, just thought to write topic of right or good time for investing properties in India as from last few years or months, lot of ups & downs are happening in the world economy and indian economy so many people are asking this question continuously.. first i strongly believe that investing in Indian real estate will reap great appreciation for next 10 years, if investors can hold their investment till this period or till right time.
Now, here are reasons to back or support my point that indian real estate has great potential to give handsome returns are
1) One Of the fastest Developing Country
2) Real Demand
3) Inflation
4) Income Growth

1) India is one of the fastest growing country in world currently which makes it more attractive as when country is developing, it will never get fall in longer run as everything will be required ie. infrastructure, industries, residences, education etc. it's country of 1.30 billion + population in which 400 millions strong middle class having equivalent to entire europe makes it's one of the largest consumer market in the world. it will attract every corporate company established & emerging to come india and expand their businesses for such vast and great consumer market.

2) Real Demand refers to huge requirement of Residential and commercial spaces in millions required in india's cities as already it's predicted that millions of units will be required for endusing in urban areas which gives great optimism that india's real estate market is based upon real demand and as we can now check and know with our past experiences of international market of dubai, europe and USA that if there is no real enduser demand then real estate growth will not sustain in long term so we can surely say that india with huge population and demand can surely will give great appreciation.

3) Inflation is one of the most talked phrase in india currently as it's affecting every aspect of life in india. i wish to highlight impact of inflation upon real estate investment because if even we say that there is no appreciation for next 3-5 years, still inflation will make it impossible for developers to offer any real estate property on same price what one can purchase it today..It is very valid point as whatever you can buy now for Rs. 1 will get you half in next 3-5 years so forget about appreciation, still whatever purchased today will get double in next few years due to inflation...another example is that money value is getting devalue everyday so keeping money in bank will not be good idea in current scenario.

4) Recently thanks to IT and corporate world where salaries are increased handsomely given lot of ready cash to young working professionals who are highly educated and understand very well that investing in properties will give them maximum returns in future and great financial support in future.

All above points and many more positive aspect of India and indian economy indicates one thing that it's time to invest in indian properties to get great appreciation in coming years..

However it's very important to understand that nowadays, real estate market is not such that buy any property anywhere and expect good returns for it and may end up no return dead investment therefore it requires proper research and after surveying on the ground, one should decide for it as an opportunities always change with the time. for that, an expert needs to be consulted & hired which will not only benefit in finding right opportunity for buying property but also to manage it professionally at the later stage as it will involve many aspect of managing, leasing / renting and selling the property at the later stage to make earning & profit out of it.

About Pune City, Maharashtra State, India.

Pune hardly a distance from mumbai commercial hub of india, also known as the Oxford of east has shown impressive economic growth in the past few decades. Pune boasts of some excellent educational institutes along with key defence institutions. In the last decade a large number of companies have also made their presence felt in the city and several manufacturing and software companies have set up their development centres in this city. The rapid real estate growth in the city is reflected through the several residential as well as commercial properties that are mushrooming within the city. Along with excellent employment and educational opportunities, good weather and cosmopolitan population are some of the factors that have cause this phenomenal growth in the real estate sector. Industry experts indicate that residential space of around 1.76 million square feet is needed with the real estate sector recording compound annual growth of 51 percent. Residential spaces in prime areas like Camp, Koregaon Park, Aundh and Baner continue to be in demand. However lack of space in these areas has prompted many property developers to shift their focus to the fringe areas of the city which include Mundhwa, wagholi, Wanowrie, Nagar Road and Hinjewadi areas. The Maharashtra government has granted approval to private property developers to establish townships in Pune as a part of the Public Private Participation model and this has resulted in development of several integrated townships. The Pune real estate market encompasses low cost properties comprising of one or two bedroom dwellings as well as sophisticated opulent villas and duplex apartments. The properties are designed to reflect the contemporary lifestyles of people with many of them having excellent modern amenities like club house, swimming pool, gym and gardens. There are a large number of projects underway in upcoming areas like Wakad, Balewadi, Hinjewadi, Pimple Nilakh etc. The residential spaces in these projects are also quite affordable. The eastern belt of Pune has developed at a very fast pace and is much in demand because of its close proximity to the airport as well as IT parks. With the development of infrastructure particularly roads, areas like Magarpatta, Kalyani nagar, Viman nagar, Kharadi & wagholi have been well connected with the city and this has resulted in a great deal of demand for properties in these areas. one more location in South pune named NIBM is also a very good investment destination as having best schools name in this area. With the rapid infrastructural development and economic growth buying a property in Pune has become an excellent investment option. The real estate prices in Pune have consistently recorded an appreciation of around 25 to 30 percent each year. There is a greater demand for intelligent living spaces that provide upscale amenities. Over the past two years high rise towers have been permitted to be developed in some areas in Pune and many real estate developers have capitalised on this thereby transforming the Pune skyline. Investing in residential property in Pune can be fruitful. However some of the variables or factors that should be taken before buying the property include the location or area, the facilities offered in the project, infrastructural development in the location and quality of construction among others.

Pune: Hub of commercial properties for Lease & Rent and Sale Preleased on ROI basis.

Greetings, Pune is rightnow one of the best city of INDIA to attract commercial real estate investment and best suitable to start the business because of presence of many national & international companies having their setup's already.

we are currently having properties, offices for corporates, co-working offices, shops, showrooms, shopping mall spaces, schools, Restaurant, hotels & hospitals for sale and lease/rent in entire pune city starting sale price range of 2 Crores to 200 Crores and preleased properties giving rental returns of more between 5-10% annually.

we are also having office spaces for lease rent near and inside all IT parks of pune full floors, entire building to be offered to reputed brands for long leasing.

for more detail, please contact Deepak Sundrani #9822052388, deepaksundrani@thegururealty.com

Property / Real Estate Investment Opportunity for NRI's (Non Resident Indians)

Pune: from last few months, NRI community will have great chance and more opportunities to invest in india because of sudden appreciation of Dollar against Indian Rupee which is almost 15% therefore if any NRI or PIO from countries of US or any other middle eastern country, have pegged currency with US dollar then they can avail straight 15% discount indirectly because of exchange rate in investing properties in India which is no doubt will give really handsome retruns or profit in near future........Ideal situation NRI's those have spare money to avail this benefit.......another suggestion that NRI's can look for investment in PUNE, Maharashtra in India as it's very fast growing city and having immense potential to give maximum profit/returns in coming years.

Saturday, December 1, 2018

Reasons to not give up on Indian real estate

A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term
Mumbai: Real estate may be down in the dumps right now. But even so, compared with most other big businesses,  real estate remains one of the best to put your money into. At its core, real estate is the coolest even in failure. You build an airline on leased planes and if it fails all that the lenders are left with is a brand with which they can have ‘Good Times’ while humming Oo La La, La, La, Le, Oo. If real estate fails, lenders to the project still have the land and nothing as an asset gets as real as this.
Yet, it’s been a business that most respectable entrepreneurs have so far shied away from because it’s a trade vilified—mostly for the right reasons. For one, real estate has been the coolest way to generate and park slush funds for political parties. Much of the surging value of real estate springs from picking obscure land on the cheap and watching the location turn into gold after everyone else realizes it’s right next to a Metro station. Political interests in the sector and the need for cash in the business to pay bribes in order to get the dozens of required approvals gave real estate in India a bad image.
If real estate fails, lenders to the project still have the land and nothing as an asset gets as real as that
The change agent
That’s changing now with the implementation of The Real Estate (Regulation and Development) Act, 2016 or RERA. RERA has a requirement that no project can go to market without approvals and that 70% of the money received from customers has to be spent only on projects for which they have been received. This has knocked the bottom out of the earlier realty business model, which if transposed to another industry would look ridiculous.
In the automobile business, for instance, car manufacturers are the big boys with deep pockets and their rivals are other companies with similar traits, not roadside garage owners. But in real estate, until RERA, anyone with enough gumption could turn a “builder”.

In the short-term, RERA is bringing more pain than joy just as a major surgery does until convalescence and a journey to full recovery. The pain is being felt mainly by homebuyers whose projects fall into default as their borderline builders are unable to cope with the stringent conditions of the Real Estate Act.
Once this phase is over, real estate in India will reflect its true place in the country’s economy. Real estate accounts for about 7% of India’s gross domestic product (GDP) which is now at about $2.5 trillion, which means the sector creates $180 billion in wealth annually. In China, real estate accounts for 14% of the country’s GDP and India will follow that pattern in a market well-regulated by RERA.

Political vested interests
It’s clear that the vested interests of political parties in real estate delayed for decades the formation of a regulator. India’s stock markets were opened to foreign investors for the first time in 1992 and the Securities and Exchange Board of India (Sebi) was given teeth to tackle insider trading in the same year. The Telecom Regulatory Authority of India (Trai), to control voice and internet connectivity, was formed 20 years ago in 1997; the Insurance Regulatory and Development Authority of India (Irda) came to life in 1999.
Political interests gave real estate a bad image. But all that is changing now with the implementation of RERA
The size of India’s insurance market is currently about $60 billion, the telecom market is half of that. Real estate generates twice as much as both telecom and the insurance industries put together. The learning from this is that successive governments have preached reform to all sectors, except those where their funding is tied. The flip side of this coin is the belated and half-hearted efforts to make political funding transparent.



RERA and the consequent sweeping away of unprofessional builders will help the entire ecosystem, including the non-banking financial companies (NBFCs) whose stocks are in a meltdown since 21 September after Infrastructure Leasing and Financial Services (IL&FS) loan defaults and the sale of Dewan Housing Finance Corp. Ltd’s (DHFL) commercial paper by DSP Mutual Fund at a deep discount.

Analysts have mostly laid the blame for investor concern on the asset-liability mismatches at these NBFCs. It’s worth looking at how many of these NBFC loans been given to developers who had little capital, no risk management practices and existed only because they could play the perverted system—getting land, using that as leverage to get advance booking money, diverting most of it to buy yet another plot of land and doing that cycle all over again. That sustained in an irrationally exuberant market where potential homeowners rushed to book flats at current prices in the belief that prices would keep rising.
The bubble blown by Y2K
Until 2014, surging prices that almost doubled the value of an apartment every five years was not just a belief but a fact. That happened for two reasons—Y2K, the Year 2000 problem, and the opening of foreign direct investment (FDI) in 2004 with the first flow of dollars coming in two years later.

Once the clean-up phase of RERA is over, real estate will reflect its true place in the country’s economy
Y2K was a simple problem to fix, changing vintage computer programmes that abbreviated four-digit years as two digits to save memory space. These computers could recognize ‘98’ as ‘1998’ and it caused hysteria for the world to think that at the midnight stroke of the millennium computers around the world would assume we were back in 1900. It needed hordes of programmers to fix it in systems around the world. Indian software companies, which had those millions of workers, got a foot into the door at Fortune 500 companies. Moving on to higher and more complex jobs was a natural evolution.
Indian information technology (IT) caused a tectonic shift as millions of 20-plus girls and boys chose to leave their parents’ homes to take up jobs in the tech cities of Bengaluru, Pune, Hyderabad, Mumbai and Delhi. They needed places to stay and they had the high salaries to back them in their quest. That was also a time when the benefits of India’s 1991 economic liberalization had filtered through and finance companies began lending money freely to buy new homes.

The lunatic overdrive
The entry of foreign investments into the real estate sector sent the market into lunatic overdrive and some big global names made hurried investment decisions that ended up in dismal failure. Elbit Imaging Ltd, Israel’s leading developer in the early part of the millennium, which had big investments across Eastern Europe picked large land parcels in Bengaluru, Chennai and Pune at inflated prices. The firm barely managed to complete a shopping mall at its Pune site and exited all of its assets at distress value. The company went bankrupt in 2014.
New York-based Tishman Speyer Properties bought land in Hyderabad for a 2.5 million sq. ft complex called WaveRock designed by the firm of legendary architect I.M. Pei. That was Tishman Speyer’s only project in the country and the company is now trying to exit it.
Until 2014, surging prices that almost doubled the value of an apartment every five years was not just a belief but a fact
But subsequent waves of foreign investors such as Singapore’s sovereign wealth fund GICBlackstone Group LpJPMorgan and Chase Co. have been more prudent. They brought in more than just money into India’s real estate business. They brought in governance systems, professional managements and business models that will in the long-term create India’s biggest cities—world-class business districts of the kind seen in New York, Singapore and London.

GIC and Blackstone have acquired millions of square feet of commercial space and are holding it for the long-term. The ability to be patient for 10 years, or even longer, will allow them to exit their investments when they see the following three factors in favour:
■ A fall in the capitalization rate, which has already started to happen.
■ When the rupee appreciates versus the dollar, giving them more bang for every buck.
■ When their Real Estate Investment Trusts (REITs) are formed and listed, which will yield them the wholesale to retail premium.
Bengaluru-based Embassy Office Parks Pvt. Ltd, in which Blackstone is an investor, filed an offer document with Sebi on 24 September to raise ₹5,000 crore and expects to list its REIT next year.
Reality of turtle bets
Reading about these marquee global investors bets on India imparts a good feel to real estate here. But the reality is the size of their investments so far have been a pittance and the flow of foreign funds can easily go up by three to four times once RERA is fully implemented. FDI in real estate in 17 years from April 2000 to December 2017 has totalled just $24.67 billion, data from the Department of Industrial Policy and Promotion (DIPP) shows.

RERA is a rare win for all concerned. Good for the investors and end consumers because it will clear away the clutter of small robbers
Blackstone has over the past eight years invested about $5 billion in Indian real estate, which is a tad more than 1% of the $449.6 billion it manages worldwide. JPMorgan has over the past 10 years invested $600 million in Indian real estate—that is 0.04% of the $1.68 trillion of assets it manages worldwide.
As a bet the size of these investments by Blackstone and JPMorgan are as insignificant as someone wagering on a turtle hatching exercise. For the sea turtles, it’s a big day—they break out of their shells on the banks and dash across the sand to reach the waters before they turn prey to the predators aplenty—wild dogs, foxes and raccoons among mammals and gulls and vultures among birds. Only one out of 1,000 turtles make it to the sea that day.
A cleaner, transparent and well-regulated market will spur the world’s biggest asset managers to look at India more seriously than a turtle on a beach. For now to the world’s biggest investors, earmarking 1%, or less, of what they have to real estate in India is just having a foot in the door. It doesn’t mean they don’t care about these investments, but if they make no profit…no big deal!

Rupee, risk and reward
JPMorgan and Blackstone’s bets on India would yield Internal rates of return of about 15%, which are rich by any standards. But those are Indian rupee gains—If they were to convert their profit into dollars and take it home today, their gains would whittle down to zero. For now there has been no reward and the risk has been huge—any bean counting investment committee sitting in New York would pull the plug on any further investments into real estate in India. Only perceptive business leaders would see the huge intangible benefits that these foreign investors have gained so far. They have built on ground experience and relationships that will yield rich returns once the Indian economy and rupee turn stable and they decide to increase their bets in a well-regulated and transparent real estate market.
In real estate, investors put their money on the people running it rather than on the project. That’s because of the quirkiness at the execution level. Development Control Regulations in Thane Municipal Corporation are different from the Mumbai Municipal Corporation, just as it varies widely between Delhi, Noida and Gurugram. Area-specialist developers such as DLF Ltd in the National Capital Region (NCR); Raheja Developers, Hiranandani Group and Wadhwa Group in Mumbai; Panchsheel Realty in Pune and Embassy Group in Bengaluru know how to deal with these nuances.
In conclusion, RERA is a rare win for all concerned. Good for the investors and end consumers because it will clear away the clutter of small robbers. Good for the big-time politicians too because RERA doesn’t have jurisdiction over long-term price-sensitive information. For example, a new international airport or a multi-modal transport network conceived in connecting main cities like Delhi to somewhere beyond Manesar, or Mumbai to way beyond Palghar and Panvel. These plans are mooted much ahead of the actual execution. A few fattened folk, told about these plans, could buy hundreds of acres of land on the cheap to build vaunted townships of the future. That can be the subject of another piece titled: What they don’t teach you at Harvard Business School.

Uday Khandeparkar is a columnist and an independent investment banker.

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