Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

Source: The Economic Times Lynn Adler NEW YORK THE distressed US housing market should get a lift this spring as bargain prices lure prospective buyers out of hibernation, but tighter lending means no one should expect the boom days to return any time soon. Spring is a pivotal season in the housing market. Potential buyers typically emerge from a winter hiatus and shop in earnest for a new home or an investment. The strength of the market in March, April and May usually sets the tone for the entire year. This year, spring has assumed even greater importance as it coincides with a sharp US economic slowdown, triggered largely by a dysfunctional real-estate market. After sales of existing homes sank almost 13% last year, a housing revival could put the economy back on solid ground. When the housing asector is thriving, so does the economy as buyers spend heavfly on new appliances and furniture while owners pump cash into remodelling or additions. Even in Arizona and Florida, which are am

Source: livemint.com Education Is The Next Move Of Real Estate DevelopersThe latest concern of home-buyers is the quality and proximity to their children’s educational institutions. Developers such as Delhi-based Emaar MGF Ltd and Mumbai-based Hindustan Construction Co. Ltd (HCC) have teamed up with different schools for the township projects they have announced. While Emaar tied up with Singapore-based Raffles Group, HCC has teamed up with the Girl’s Day School Trust, UK, for its new hill station project in Lavasa, near Pune. Several players are looking at educational infrastructure as a possible investment opportunity. For instance, Trikona Capital, a Delhi-based realty fund plans to dedicate around 10% of its new $1 billion (Rs3, 970 crore) fund Trident to investments in this sector. Mr. Mahesh Gandhi, president of Trikona Capital, says: "We see a lot of opportunity in the social infrastructure sector in the coming years. We have already invested in hospitals, now we are lo

Source: Hindustan Times COMPARED WITH developed countries, India's real estate sector still lacks sophistication and transparency However, it is now the cynosure of international investors, thanks to the gradual opening up of certain sub-sectors like townships and retail to foreign direct investment. This has naturally brought on the need for better, more capable human resources. Though real estate is not rocket science, there is a fair degree of complexity involved in the business. As in any other business, real estate businesses operate either by responding to existing market trends or opportunities, or on the basis of an in-depth understanding of the market, keeping an eye on both emerging possibilities and long-term integrity of the market. The first method is reactive and often opportunistic. The latter is based on information rather than gut feeling, and results in assured growth rather than short-term gains that only involve calculated risks. India's economy is growing a

Source: Deccan Chronicle M ore people in their 30s are buying houses these days, thanks to income tax concessions and loan schemes with affordable equal monthly installments. Two decades ago, the average age of people who bought houses was between 55 and 58. Other factors responsible for this 'youthful' change are exponential increase in incomes of young professionals and high rents charged by property owners on apartments and houses. Loans are also easily available now, which was not the case 20 years ago. The trend of more young professionals purchasing houses was noted in an analysis conducted by industry chambers on data obtained from major real estate developers such as DLF, Prasanth, Omaxe and Unitech. There is also a change in the 'renovation' pattern. Earlier, renovations were carried out when house owners were around 60. But now people carry out large-scale renovations when they are between 45 and 48. "The biggest house buyers nowadays are younger people,&

M ore people in their 30s are buying houses these days, thanks to income tax concessions and loan schemes with affordable equal monthly installments. Two decades ago, the average age of people who bought houses was between 55 and 58. Other factors responsible for this 'youthful' change are exponential increase in incomes of young professionals and high rents charged by property owners on apartments and houses. Loans are also easily available now, which was not the case 20 years ago. The trend of more young professionals purchasing houses was noted in an analysis conducted by industry chambers on data obtained from major real estate developers such as DLF, Prasanth, Omaxe and Unitech. There is also a change in the 'renovation' pattern. Earlier, renovations were carried out when house owners were around 60. But now people carry out large-scale renovations when they are between 45 and 48. "The biggest house buyers nowadays are younger people," says Mr Karunakar R

Source: Economic Times of India. T HE Indian real estate has gained a lot of traction from both within and outside the country in the past couple of years. A huge pent up demand and access to funds were the key drivers for propelling the Indian real estate market into an overdrive. The industry received the much-needed first shot of funding in 2005 wherein the foreign direct investment (FDI) route was opened up for Indian real estate. Since then the Indian real estate sector has transformed to reach $57 billion in 2007, and has a potential to reach $90 billion by 2012 according to the Eleventh Five Year Plan. The accelerating growth momentum has paved the way for exciting opportunities for both domestic as well as international investors. The real estate industry has multiple stakeholders right from developers to investors (including private equity funds), financiers, buyers (including Real Estate Investment Trusts) and service providers such as property consultants, contractors and pr

Souce: Economic Times of India. NEW DELHI: Real estate firm Alchemist Realty Ltd will invest over Rs 5,000 crore in the next 7-10 years for developing a land bank of 10,600 acres. "Currently, we have a land bank of 10,600 acres across the country, mainly in the northern states. We plan to invest about Rs 5,000 crore in the next 7-10 years to develop different projects," Alchemist Realty Ltd CEO Pran Khanna told PTI on the sidelines of Technopak Retail Summit here. The company plans to develop integrated townships, resorts, hotels and restaurants on its land bank, he said. Alchemist Realty proposes to open a chain of speciality restaurants in northern India under 'Red Cap'" brand. "At first, we will open 20 restaurants in two years in northern states. Excluding land and lease amount, we have earmarked an investment of about Rs 15 crore for setting up the outlets," he said, adding the eating joints would operate under franchisees as well as stand-alone ba

Source: Economic Times of India. HONG KONG: Indian fund manager Primary Real Estate Advisors is planning to launch a fund worth as much as $500 million, probably in the second half of this year, but said it will tread carefully as the country's property boom stutters. Foreign investors have taken advantage of such funds to rush into property development in India since it eased rules on inward investment in the construction industry in early 2005, sparking rampant land speculation and a near quadrupling in prices. But despite signs of a slowdown -- home sales volumes have fallen by one-fifth in Mumbai and 40 percent in Bangalore in the last year -- the head of Primary Real Estate, Ashwin Ramesh, is convinced that North American and European investors will invest. "There are certainly cowboys out there," the Indian fund manager said in a telephone interview. "But our style is more focused for a risk averse environment." "We would typically underperform in a r

Source: Economic Times of India. BANGALORE: Reliance Industries is in advanced talks with the New York-based Vornado Realty Trust, one of the world’s top five real estate asset managers, to float a $1-billion plus fund. The proposed fund will acquire and manage properties, mainly in the retail space, across India. People familiar with the development said RIL and the New York Stock Exchange-listed real estate investment trust (REIT) were discussing the possibility of an equal joint venture. Vornado, which has a market capitalisation of nearly $14 billion, owns and manages over 116 million sq ft of realty assets in the US with significant concentration in New York and Washington districts. The sources said while no definitive agreement is in place yet, both parties have made substantial progress in negotiations. RIL spokesperson declined to comment on the development. It is believed that the joint venture is likely to manage real estate for RIL’s rapidly-expanding retail arm Reliance Re

Source: Hindustan Times New Delhi: Real estate firm Parsvnath Developers will in�vest up to $5-6 billion over 5-7 years to develop its land bank and special economic zones (SEZ), its chief said on Wednes�day "It (the investment) is $5-$6 biliion, over 5-7 years. It is relat�ed to developing the current land bank and forthcoming SEZs," Chairman Pradeep Jain said.

Source: The Financial Express Damac Properties, the largest private sector developer in the Middle East, has firmed up plans to invest over $5 billion (Rs 19,700 crore) over the next three to five years in In-dia's burgeoning real estate market. The company has already initiated talks with Indian companies for a joint venture to pursue its investment plan. In order to drum up interest in the group and its iconic projects, Damac will hold roadshows across India. Mumbai hosts the roadshow between February 14 and 20. Damac, which plans to build residences, offices and shops in Mumbai, New Delhi, Hyderabad and Bangalore, will fund its proposed investments in India through internal resources. The company also hopes to attract Indian investors to its projects in the Middle East. Hussain Sajwani, founder & chairman, Damac Holding, said: "Through these roadshows, we also aim to educate our audience in India about our brand personality and the quality of our projects. The Indian re

Source: The Asian Age Hyderabad, Feb. 13: Lower interest rates seems to be the rallying cry for the Indian real estate industry in the run up to the union budget. This, according to industry players, is one measure that will make housing accessible to the common man. Finance minister P. Chidambaram seems to be listening too, which is evident from the number of public sector banks that have cut lending rates over the past few weeks. On other factors such as raw material costs however, voices are as fragmented as the industry itself. Discussions with industry participants also suggest that the finance minister could introduce a tax break for developers building houses for the lower income groups. Several years of low interest rates coupled with tax benefits had led to a boom in the housing sector, while mortgages had increased at a rate of over 30 per cent per annum. Over the past year, however, the interest rates for home loans have risen between 6.5 per cent to 7.5 per cent to over 10

17 Feb, 2008, 1105 hrs IST, PTI, Source: Economic Times of India NEW DELHI: India's booming realty sector has attracted foreign investors and figures in the top three property markets, offering the best opportunity for capital appreciation after the US and China. In the league of the most preferred property market among foreign investors globally, US has retained its top position, while China was ranked second followed by India, a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) said. China moved to the second place, garnering 21.4 per cent votes and displacing India in the process, which was preferred only by 16.7 per cent of the respondents favouring the country as the most fancied place for real estate investment. In 2006, China got 14.6 per cent votes while India had 18 per cent and was ranked in the second position. One of the significant findings that cannot be overlooked is the jump in investors confidence in China. For the second time in three

16 Feb, 2008, 0048 hrs IST,Nevin John, TNN, Source Economic Times of India. MUMBAI: The US-based hospitality and real estate fund Walton Street Capital (WSC) has decided to invest Rs 1,000 crore in the booming Indian real estate market in 2008. It has already tied up with property developers for investing Rs 600 crore at the project level. These investments will be made in special purpose vehicles (SPV) floated specially to implement projects. The fund is in talks with three Indian developers for the remaining investments, which is expected in a couple of months, said WSC managing director Sourav Goswami. Last year, the $13 billion Chicago-based WSC invested about Rs 800 crore in several SPVs, including 20% in Shriram Properties. The fund has invested in retail malls, office buildings, housing and hospitality. Though the real estate sector seems less attractive for investments because of the high interest rates and fall in sales, Mr Goswami said India’s growth story will continue like

Entrepreneurship in the world's 2 most populous nations, China and India, has through modern times been somewhat asleep. But now, says Harvard Business School(HBS) professor Tarun Khanna in a new book, both societies "have woken up," and the results could reshape business, politics, and society worldwide. "In some sense people in these societies are running faster than their rules and laws can keep up. So they are creating the rules as they go along. And entrepreneurship is, after all, doing things in new ways, ahead of social norms and customs, and establishing the rules and laws. In both countries, these processes are unfolding not just in the mainstream business sector but in society writ large and even in politics and civil society," says Khanna. Khanna's book Billions of Entrepreneurs: How China and India Are Reshaping Their Futures and Yours will be published by Harvard Business School Press on February 1. Each chapter compares China and India on a br

NEW DELHI: Parsvnath Developers Ltd and Indiabulls Real Estate have come together to bid for ten prime location plots being offered by the Indian Railways for commercial development across various cities. The two companies have already submitted the request for qualification (RFQ) for all the ten plots offered by Rail Land Development Authority (RLDA) in the first phase. According to sources, Parsvnath and IBREL have entered into an understanding for the submission and bidding for the land offered by the Railway Ministry through RLDA and under the agreement, the RFQ for 10 locations have been submitted. The objective under the agreement would be to design, develop, finance and to market the developed property, they said. The 10 sites which have been selected for commercial development in the first phase are located in Delhi, Kanpur, Gwalior, Visakhapatnam, Kolkata, and Bangalore. When contacted, a spokesperson at Parsvnath confirmed the development, but declined to share any further de

HONG KONG: India could follow other Asian countries this year in creating a market for real estate investment trusts (REITs), making it easier for investors to buy into the country's sparkling new office blocks and shopping malls. The move would encourage foreign property funds, which are keen to join India's construction boom but are not allowed to own finished buildings. REITs or domestic funds could buy the assets they develop, offering them an easier way to exit the projects and take profits on their investments. In December, market regulator Securities and Exchange Board of India (SEBI) issued draft guidelines for REITs, which pay most of the rent from their buildings to investors as dividends. But people in the industry say unless tax breaks are also offering by the government in its upcoming budget, a local REIT market would be a non starter. The SEBI proposal contained no mention of the kind of tax breaks that kick-started other property trust markets, but it could be f

They had looked hesitant for a while, but foreign investors and private equity funds have now begun to pour big money into India's property development business. Morgan Stanley has just invested $68 million in Mantri Developers. Siachen Capital is investing $30 million in a joint venture with Nitesh Estates, with the promise of an additional $70 million investment in the future. The DLF Group recently announced a 50:50 joint venture with the UK-based , infrastructure major Laing O'Rourke with an initial corpus of Rs 500 crore. Mumbai-based developer Runwal Group and Singapore-based CapitaLand Group have entered into a 51:49 joint venture to develop residential projects. Bangalore-based developer RMZ Corp appears close to sealing a private equity deal. The Brigade Group expects to have a foreign partner in place in six months. The Sobha Group's immediate priority is its IPO, expected to happen in June, but it is also looking at FDI for particular projects. Industry sources s

Real estate has always been about location . But over the years, it's becoming more about reputation . Driven by positive growth in the economy, real estate in India is booming. Year 2006 started on a promising note when the Government of India provided fresh impetus to the construction and development sector by allowing 100% foreign direct investment (FDI) under the 'automatic route' in order to spur investment in the vital infrastructure sector. The relaxation of the FDI ceiling saw big names like Dubai-based Emmar Properties — the largest listed real estate developer in the world — joining hands with the Delhi-based MGF Developments to announce India's largest FDI in the realty sector , amounting to over $500 million in projects with a capital outlay of $4 billion. Groups showing interest in India include insurance company American International Group (AIG), High Point Rendel of the UK, Edaw-US , Japan's Kikken Sekkel, Lee Kim Tah Holdings and Cesma International

Ajit Bhagnani, a chartered accountant from London has bought a house in Kondhwa and also commercial place in Sohrab Hall. Amit Choudhari, also from England, has invested in an entire building in Kharadi. Similarly, Rana Sengupta from South Africa has bought three flats in areas like Viman Nagar, Kalyani Nagar and Kharadi. There are many like Bhagonani, Choudhari and Sengupta, who are parking their money in Pune's flourishing real estate industry. Experts point out that in the last one-year , several Non Resident Indians (NRIs) have invested in multiple properties - commercial as well as residential - in Pune. This trend is attributed to "reasonably good return on investments" and the "growth of the IT sector" in the city. Also, owning a property in the Motherland is one of the guiding factors . But the fact that Pune is a safe parking lot for their money, rules over all the other factors. Take the case of NRI Ramesh Kriplani, who has been living in New Jersey fo

PUNE: Business is looking up in Pune, and for the realty market, that can only spell good news. According to a recent market intelligence survey conducted by Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and Vascon Engineers Pvt Ltd, Pune has in the past five years, witnessed an amazing growth story and is poised to see more growth in the near future. There have been as many as 128 manufacturing proposals from new medium and large-scale players wanting to set up their operations in Pune. These imply an additional investment of more than Rs. 800 crore that has entered Pune, apart from the investments being made by the existing companies in the region. As business activity picks up, the property market will continue to be upbeat. Lease rates for commercial premises will be steady, helped by the huge capacity that is being created in the city areas. Lease rates in areas such as Camp, Kalyaninagar, Shivajinagar, Wakdewadi, Deccan, F.C. Road, J.M. Road, and Nagar Road are

NEW DELHI: Cushman & Wakefield has identified 17 new corridors in India as strong investment destinations for investors with different risk appe-tites. According to India Gaining Momentum report, the real estate investment report 2007 prepared by Cushman & Wakefield along with Global Real Estate Institute (GRI), Hinjewadi, Manesar, GST near Chennai airport, Sriperembudur, Shamshabad, Devanahalli, Greater Noida, Panvel and Virar, Rajarhat, Thane, Kokapet (Hyderabad), Bidadi (Karnataka), Chakan, Kharadi (Pune) Bantala and Tumkur Road are the 17 corridors that reflect high investment potential. "As India enters the next phase of real estate growth, the exploration of suburban and peripheral developments of major cities as cost saving and risk diversification measures are emerging as vital initiators for analysing the potential investment opportunity within these emerging corridors," the report said. "Overburdened infrastructure, rising real estate and operational co

MUMBAI: Deutsche Bank Singapore has picked up 5% stake in Lavasa Corporation, a real estate project promoted by Hindustan Construction Company (HCC) at Lavasa near Pune, for Rs 500 crore. The deal values Lavasa Corporation at Rs 10,000 crore. Sources said Lavasa would issue fresh equity to Deutsche Bank. HCC was holding 65% in Lavasa through its real estate subsidiary, HCC Realty. Other partners in the project, the LM Thapar group and Venkateshwara Hatcheries, along with other minority stake holders, account for the remaining 35%. When contacted by ET, Lavasa Corporation COO Rajgopal Nogja declined to comment on the deal. However, sources close to the development said a term-sheet had been signed between HCC and Deutsche Bank last week. The deal makes it one of the largest investments by Deutsche Bank in India's real estate space. A few weeks ago, Deutsche Bank invested around Rs 1,700 crore in a special purpose vehicle (SPV) floated by Mumbai-based Lodha group. HCC plans to build

Did you know that less than one percent of the people currently living on this planet account for almost twenty-five percent of ALL the wealth? These powerful people certainly don’t want you to know this...they want you to stay as mindless drones whose sole objective is to keep THEM wealthy. What is the secret this small fraction of the population knows that the rest do not? If you haven't seen the movie "The Secret", I implore you to watch it! The Secret is the most powerful law in the universe! If you have already seen it, watch it again. To watch "The Secret" online, copy and paste this url into your browser; http://www.thesecret.tv/home.html Or you can watch "The Secret" On Demand via cable and satellite for audiences in the United States and Canada. This small minority of people who are currently pulling the strings on world politics and world economics have mastered The Secret. These are the same people who want The Secret banned like it was onc

Pune has been a preferred real estate destination due to IT and ITES boom for the last year (2005). With land freely available, development in Pune is happening in a phased and planned manner. Most areas have a great potential for future expansion, and with the city attracting the attention of more and more IT companies the going will only get better. The real estate scenario in Bangalore is shifting with IT companies preferring other destination like Chennai, Hyderabad and Pune, due to lack of supporting infrastructure in Bangalore. The down fall in companies setting up in Bangalore has also led to a drop in the housing sector and many large residential projects. People follow the companies they work for and immigration of people from bangalore to pune is just starting to show up. It's far from true that Pune's real estate is comparable or come close with respect to the per square feet rate in Bangalore. Bangalore still wins, but for now. This is just the beginning of the rise

NEW DELHI: Realty firm Hindustan Construction Co (HCC) is building a hill station over 12,500 acres in Maharashtra at a cost of Rs 440 billion ($11 billion). "The first phase of the work will be over by 2010, and the whole project, which is expected to be completed by 2020, would cost Rs 440 billion," HCC Chairman and Managing Director Ajit Gulabchand told reporters here on Monday. Nestled in the picturesque Sahayadri mountains, along a 20-km long lake, the hill station will have all kinds of facilities, including tertiary hospitals, five-star hotels, a library, a golf course, leisure spa and convention centre. "It would be a major educational centre as well. Symbiosis College of Pune and Christ College of Bangalore will set up their campuses inside it. As per our agreement with Oxford University, a business research centre will come up before 2010," Gulabchand told reporters. Christened Lavasa, the hill town, would be just an hour's drive from Pune and three ho

Realty players see silver-lining in stock market volatility NEW DELHI: The real estate market believes that recent crash and concurrent volatility on Dalal Street have come as a blessing in disguise for them and property will emerge as a key low-risk avenue for the investors. The seven-day meltdown in stock market between January 14-22 caused over Rs 16,00,000 crore of losses for investors amid a plunge of about 4,100 points in the benchmark Sensex and volatile movements are expected to continue despite a recovery of over 1,100 points on Friday. This has led to investors start looking over alternate investment horizons and the real estate developers believe that property could be an attractive option, given a sharp surge seen in its prices in the past couple of years without any major period of slump. "Real estate has always been a good investment. Any kind of investment in property will always be a good one in the future," the country's largest realty firm DLF Ltd's

India - The Real Estate Player by: Rahul Boss In the new millennia of real estate India has emerged as strong, swift and bold player. Industry expert’s believe that the Indian real estate has huge demand potential in almost every sector, be it commercial, residential or retail. "India is the most exciting real estate market in Asia," says Michael Smith, head of Asian real estate investment banking at Goldman Sachs. "It's one of the last major countries in Asia with an improving market." The Real Estate explosion This spurt of growth in the Indian real estate is in large part due to the by the burgeoning outsourcing and information technology (IT) industry. By 2010, the IT sector alone is expected to require 150 million sq.ft. Of space across major cities .New companies means new offices, houses, shops in short commercial, residential and retail space. This growth is facilitated by favorable demographics, increasing purchasing power, existence of customer-friendl