English Cricketers Attracted To Indian Properties

The soaring property prices have really attracted some of the English Cricketers. They are very keen to have some investment on Indian properties.
English cricketers attracted to Indian properties

Some English cricketers are attracted to Indian properties.

Seeing property prices soaring in India, some top English Cricketers have expressed their interest in investing in Indian properties. Reliable sources close to the English Cricket Team reveal that around five top-cricketers are interested in Indian real estate market.

Available sources reveal that they have already entered into talks with the developers regarding their property purchase. These cricketers will purchase land parcels or properties in major Indian cities like Bangalore and Mumbai. Some of them prefer to purchase properties in Goa, one of the most favorite tourist destinations in India.

While some of them prefer to own land parcels, others prefer to own apartments in partnership with the Indians. Sources told the Times of India that they have been searching for properties for a quite long while. Sources revealed that the English Cricketers have shortlisted three cities now. Continue reading

Indian Real Estate Will Lose CapitaLand Projects

CapitaLand plans to exit the Indian real estate market. The Singaporean firm plans to exit some of its UK and Australia projects as well.
CapitaLand to skip real estate India

CapitaLand plans to skip real estate India.

Singapore-based real estate firm CapitaLand plans to quit real estate in India. Besides quitting from India, CapitaLand has plans to exit from UK and Australia as well. The real estate firm  also plans to reassess its investments in ASX listed Australand Property Group. Continue reading

Real Estate Fund Worth Rs.1000 Cr: LICHFL To Raise Thru ECBs

LIC Housing Finance Limited (LICHFL) plans to raise Rs.1000 Cr residential real estate fund. LIC Housing will raise the real estate fund thru ECBs.
LICHFL will raise Rs.1000-Cr real estate fund

LICHFL is to come up with Rs.1000-Cr real estate fund.

“LIC Housing Finance Limited (LICHFL) will raise a residential –oriented real estate fund thru external commercial borrowings (ECBs)” as told by Mr. V.K. Sharma CEO of LICHFL.

Insurance giant LIC- promoted LICHFL is considering its plan to raise a real estate fund around Rs.700- 1000 Cr thru ECBs. The decision is prompted by the RBI’s approval of housing finance companies to raise up to $1 billion. Continue reading

Real Estate Investment Overseas: Spain Turns Hotter

Real estate investors are flocking to Spain which implemented a new residency scheme. The new residency scheme allows foreign real estate investors to buy residential properties worth millions.
Spain real estate market hopes to be the paradise for real estate investors

Spain real estate market aims to be another paradise for Indian real estate investors.

Real estate investors of India find the property market of Spain more attractive. With the implementation of new residency scheme, foreign real estate investors are permitted to buy residential properties worth about Rs.1,15,82,745 (€160,000).

Spanish government aims to attract foreign investment through their new policy. Indian real estate investors are targeted mainly. Their higher spending on real estate properties is widely known. Continue reading

Real Estate Investment: Tier 2 Cities More Profitable

Real estate investors of India prefer to have real estate investment in tier two cities now. These developing cities offer higher returns for the real estate investors.
real estate investment in tier 2 cities

Real estate investment in tier 2 cities is more profitable as it offers higher returns.

The Tier two cities are more preferred by real estate investors now. These cities are noted for their faster development and this is the main factor that attracts the Indian real estate investors to these cities.

Real estate investors’ traditional approach to bigger cities such as Delhi and Mumbai shifts as they remain incapable of delivering higher returns to them. On the other hand tier two cities are emerging as better real estate destinations.

The cities with better job- opportunities are all the more preferred real estate investment destinations. Higher population inflow to the small cities like Pune and Gurgaon prompts the builders to increase the supply.

With the growth of population the commercial needs improve and so does the demand for commercial spaces. These cities better offer chances for business growth as well. All these factors have pushed up the real estate prices as there is an increased demand.

Real estate investment not in developed cities

Developed cities do not support Real estate investment as it offers only lower returns.

Leading real estate consultancy firm Jones Lang LaSalle India (JLL) reported that the cities like Bangalore and Chennai will grow along with the expansion of IT centers in the cities. The real estate consultancy firm highlighted the expansion plan of Wipro.

Wipro has recently disclosed their plan of expansion. The firm plans to expand their existing Bangalore headquarters and campus which at present has the capacity to hold 31,000 people. Another 25 lakh sq. ft. of area will be added to the current Wipro headquarters.

IT expansion is taking place in Hyderabad and Chennai as well. These areas’ growth will be dependent on the IT expansion. JLL India’s CEO Om Ahuja opined that the real estate prices in these cities will be more dynamic than in other cities. He added that trends of real estate supply will be different in these areas.

All these features tell the real estate investors to tap new and emerging markets. They can reap sizeable returns from these cities and so these cities remain hotter places to have real estate investment. In short prime real estate investments in tier 2 cities are easier way to become rich now.

To Widen Real Estate Services, AMP Launch India Office

AMP Technologies plans of a worldwide –expansion of its services to the real estate investors. The firm aims to help the real estate investors across the world.
Finally Real Estate to be supported by techies.

Finally Real Estate is to be supported by techies.

Sabeer Bhatia- led AMP Technologies, a software and Services Company, has announced launch of its office in India. The firm has plans to employ nearly 1,000 employees by the year 2015.

AMP’s Chennai office will offer all sorts of information to the real estate investors. The investors will have access to this real estate information from any type of computer- laptop, desktop, tab or notebook. Commercial real estate investors can even have access to this information thru their mobile devices as well. Continue reading

Real Estate Investment? HNIs Become Cautious Ever

High net- worth individuals (HNIs) have excess money. Yet they find no proper place to invest it as the real estate market fails to give them higher returns. For them real estate investment has become unsafe.
Real estate investment

Real estate investment? HNIs turns highly cautious about their investment on real estate properties .

High net- worth individuals (HNIs) always look for income generating assets. They are least bothered about the fluctuations in the economy. High net- worth individuals’ (HNIs) real estate investment was always well- known. As any others they also preferred real estate investment to all other forms of investment. Continue reading

Real Estate Market of India Loses Foreign Investors

Real estate market of India has become investor unfriendly, reported UK – centered RICS.
real estate investment

High land prices and property -costs make real estate market of India unfavorable for  investment.

Real estate market of India is not preferred by global real estate investors. Recently RICS (Royal Institution of Chartered Surveyors) said the existing real estate market situation of India is not suitable for investment.

Recent researches showed up that the number of foreign investors is decreasing. Foreign real estate investors seem highly cautious about having investment in Indian real estate market.

CEO of RICS, Sean Tompkins, said that the Indian real estate market fails to meet global standards. He added that foreign realty investors are cautious of having investment in the Indian market now. Continue reading

Indian Property Show Dubai -2012: Sets To Be the Biggest

Indian Property Show Dubai- 2012 is expected to be the biggest ever. It is said to have a record number of participants this year. Indian Property Show will be held on 13, 14 and 15 of December at Dubai World Trade Centre.

Indian Property Show Dubai -2012 is poised to be the biggest ever. There is a record number of participants this year. Indian Property Show will begin on 13th of December and end on 15th. The gates will be open to the visitors from morning 11:00 am to 8:00 pm evening on all three days of the Indian Property Show Dubai. Continue reading

Sahara Real Estate Firms Granted More Time to Refund

Supreme Court granted some more time to Sahara to pay off the fine. SC asked SEBI, the market regulator of Securities and Exchange, to accept the extension application of Sahara Real Estate Firms.
Dance time comes back to Sahara

Dance time comes back to Sahara

Sahara Real Estate Firms finally had some breath of relaxation. Accepting Sahara’s plea, SC asked SEBI to accept their application for more time to pay off the amount.

Sahara Real Estate Firms were ordered to refund the money collected through debentures. Nearly 3-Crore investors are said to have investment in these firms. Continue reading

Real Estate Investment Firm To Take Over Nokia Building

Real estate investment firm is in talks with struggling Nokia which plans of selling its head office building. The real estate investment firm is about buy the Nokia building for a sum of Rs.1218-Crore.

Real estate investment firm Exilion has hit the top headings as it is about to purchase Nokia head building at Espoo, in Finland. Nokia, one of the leading handset makers, said that the group is in talks with real estate investment firm Exilion over their selling of its head office building in Espoo. Continue reading

Real Estate Firm to Open Up Office in the UAE

Indian real estate firm Indiabulls Ltd. aims at opening offices in the UAE.  The real estate group has declared the launch of their first overseas office in the United Arab Emirates region.

Indian real estate firm targets Indiabulls Real Estate Ltd. is all set to start their maiden overseas office in the UAE. The real estate firm has so far developed nearly 3.3 million sq. ft. of area at an estimated cost $1.75bn. The past four years witnessed a tremendous growth of the firm.

The company officials revealed that the company aims to help the UAE NRIs purchase and invest on real estate property wisely. The local representative office will boost their real estate investment in fact. Continue reading

Cap Removal on Loans to Lift NRI Real Estate Investments

Non-Resident Indians’ -NRIs, desire to invest more on real estate properties, has been further boosted by the Cap Removal on Loans.

Recently it was reported that nearly 90% of NRIs living in the United Arab Emirates (UAE), prefer Real Estate Investment. Most of them prefer to buy homes in India not with the plan to return rather as a safer means to invest their additional income. The survey pointed out a six point growth in comparison to the previous year.

Rupee’s lower value, volatile nature of stock markets, etc. are said to be enhancing factors for Real Estate Investment. Moreover the sluggish real estate prices often bring in higher returns. Besides all the above factors, availability of bank loans plays a prominent role. Continue reading

Ulwe in Mumbai Turns Target for Real Estate Investment

Recent studies show that Mumbai Suburb Ulwe has emerged as one of the top destinations for real estate investment. The area has been noted for residential real estate growth.

As per the report of Knight Frank, global real estate consultant agency, Ulwe is to witness a price hike by 145 %.

As per the report Wadala and Chembur in Mumbai stand on the second and third positions respectively. The report records that both these areas will have price hikes at the rate of 133 per cent and 125 per cent in the coming five years. Continue reading

Real Estate Remains Smarter Investment: Say UAE NRIs

The present statistics show that real estate is termed as one of the most favorite investment options.  NRIs who reside in UAE agree with this.

Fall of Indian rupees drags the NRI investment in India. Most of the NRIs   invest on properties. Sumansa Exhibitions’ survey revealed that 89% of the NRIs of UAE invest in real estate. Continue reading

Tips NRIs Must follow to Reduce Tax Liability

NRIs (non-resident Indians) play a vital role in the development of real estate in India. However they face problems in selling their properties in India. Some useful tips are provided to reduce sale tax liability.

NRI faces Sales Tax Liability

NRI faces Sales Tax Liability in Selling of their Real Estate Property.

Before selling the property an NRI must be aware of some basic rules and regulations which govern the sale of any property in India.

As real estate investment is considered as the most suitable  option for investment, NRIs are tempted to invest more on properties especially in hotter areas like Mumbai or Bangalore. Continue reading

Real Estate Voted the Most Preferred India Investment

real estate investment

real estate: Best option of investment in India.

Despite the price hike of Gold and silver, real estate claimed the top spot among the preferred choices for investment in India. Respectively both gold and silver reached the second and third spot. According to survey of PHDCCI which was conducted among the investors, Real estate was voted as the most preferred choice of investment. Continue reading

Private Equity Firms Ready to Quit Real Estate India

Private Equity Plans to Quit Real Estate India

Private equity (PE) firms were the top investors in the 2006-08 boom years of Real estate. But the recent situation shows that they look ways to exit. Though they aim to exit profitable returns hold them tight in the field. Fallout of negative returns from their real estate investments makes them rethink of their exit. Continue reading

SEBI’s Approval of New AIFs Widens Real Estate Investment

Securities and Exchange Board of India (SEBI) approved two more entities with the view of setting-up Alternative Investment Funds (AIFs). AIFs are regarded as newly created class of pooled in investment in private equity (PE), other hedge funds. This will invite real estate investment also. Continue reading

Suburbs Become New Paradise for Real Estate Investment

Real estate investment has greater scope in the suburbs is clearly shown by the growth of Gurgaon and Noida. Recent trends show that the suburbs are more preferred to Metropolitans for Real estate investment. This is due to the change of attitude of the people and their living conditions. Comparing to the earlier days now even the wealthiest class people are ready to relocate and live in the suburbs. The upcoming “millions worth Luxurious apartments” are all built for this class of people. Suburbs remain the best place for real estate investment. If Real estate investment is a wise decision then Real estate investment in suburbs is wiser. Continue reading

Indian Real Estate Market Among the Most Lucrative Sectors for NRIs

Indian real estate market is one of the most lucrative sectors for Non-Resident Indians to invest their foreign money. Moreover, this trend will continue for more 4-5 years as the consumption story of Indian real Estate market is not going to get over in near future leading to immense commercial growth prospects that in turn increase the demand for real estate. Although Indian Realty market is facing downfall, it is not correct to say that all cities are experiencing the same situation. It has been observed that some of the cities in India always have good chances of investment and these cities even in worst circumstances would be able to provide good investment returns. One more factor that attracts NRI’s to invest in India is the bigger geographical area. Unfortunately, NRI’s put their money into property prevailing in big cities and metros, but they should be informed appropriately about the outskirts of the big cities and even about the tier-2 cities that offer a great deal of real estate investment in present scenario.
Not only this, but the recent significant depreciation in the value of rupees in respect of dollar/pound/euro has given a profitable chance to the NRI’s to clandestine their foreign earned money into some good  investment plans. However, quite a few times NRI investors face some issues with liaison services in real estate industry, but once these intermediary services will improve more and more foreign investors would be lured to purchase property in India in lieu of high returns.
Foreign investment is also a good sign of growth for Indian Real Estate market as well. In this current state of affairs when the Indian Realty market is experiencing a huge downfall, the foreign investors seem to be the ray of hope. With more and more NRI’s investing in small and even big commercial properties in India, the Real estate market will soon see a huge intensification. It has been observed from past trends that around 70% of foreign investment has been done in residential sector, but according to the Indian developers there are various commercial investment opportunities also existing for the foreign investors who wish to set up a business in India.
However, it has been told by the real estate experts that present time when foreign currency is in appreciation, it is the encouraging time for NRI’s to make some good investment in realty market in India. Office plots, residential spaces and even apartments are easily available for NRI’s.
Indian property developers also have a notion that the downfall of realty market in India is the result of the global meltdown and depreciation of rupee. Their belief is not vague, but they also consider that ambiguities in western economies led to the build-up confidence of NRI’s into Indian market and they are keen on purchasing property here. Their investment is a huge support for Indian Realty market and soon with the rupee appreciation these investments will strengthen the economic situation as well.

$20Mn invested in Hallmark Infrastructure by Paracor Capital

Paracor Capital has invested $20Mn in two residential projects of Chennai-based real estate developer Hallmark Infrastructure. Both these projects are located opposite Mahindra World City on GST Road in New Chennai, and involve a development of 0.8 mn sq ft.

Hallmark Infrastructure was established in 1998 and it became Hallmark Infrastructure Pvt. Ltd in 2005. It is a diversified group based in Chennai with presence in infrastructure projects, IT parks, townships, hospitality and serviced apartments.

Paracor Capital Advisors is the Indian advisor to two Mauritius based investment companies – Paracor India Investments Limited, Mauritius, which focuses on private equity transactions and Madison India Real Estate Fund Limited, Mauritius which focuses on real estate and hospitality investments.

This is Paracor’s fifth Indian real estate investment. Last year, it invested R55Cr for an 8% stake in Marvel Landmarks Pvt. Ltd, a realty firm backed by global asset managers Och-Ziff Capital Management Group. Other real estate investments include Arun Excello Homes, Daman Hospitality and Sabari Inn.

This space has seen 12 investments amounting to $477Mn across 10 deals with disclosed values during the March quarter. The largest PE-realty investment announced during the first quarter of this year was GIC’s $100Mn investment in a Godrej Properties office project in Mumbai’s Bandra Kurla Complex-the only deal over $25Mn reported during the period.

Other deals in the sector include ASK Property Advisors R40Cr investment in Paranjape Schemes’ residential project in Pune and Future Capital’s investment in Rustomjee Group’s project.

Real Estate Sector is Worried Over Hike in Home Loan Rates by RBI

The hike in interest rates may have a wrinkly effect on the real estate sector with construction cost rising up. This announcement by RBI will have a negative impact on real estate developers already spining under pressure from lack of capital from financial institutions. It comes as bad news even for those looking to buy a house as loans would become more costlier. Several banks like ICICI Bank, SBI and IDBI indicated that they would increase interest rates on loans in near future.

Chairman of Credai said, “The 50 BPs hike is harsh. This will deepen the cash crunch scenario which industry is facing right now. Taking out funds of the market cannot be the only solution to overcome inflation. The current pressure on prices is global in character and reflects supply side bottleneck. The solution is not monetary tightening. To me it is surprising and anti-housing policy.” Ashok Tyagi, group CFO, DLF said, “hiking interest rate has never been a tool to fight inflation. This could start impacting supply side investment.”

Real Estate; the Best Investment Option


Ground Floor - Going Up? 2

The realty prices in cities like Delhi, Mumbai or even some of the smaller tier II cities, like Jaipur or Coimbatore, have shown a remarkable increase over the past few years. This growth has proved the advice of Mark Twain, an American author, that ‘Buy land, they are not making it any more’.
There is no paucity of multibaggers in Real estate. Many cases have been observed in which the property brought in 1986 for just Rs. 1 Lakh is now valued at Rs. 1 cr. or even more.
Thus, it can be inferred that prices are multiplying a whopping 100 times in approximately 25 years at an annual return of 20 percent per annum. For example, in 1977, Mr. N Mehta, a retired professional had bought a 1 BHK house in Andheri, Mumbai, for Rs. 70,000 and the price of this BHK now is Rs. 70 Lakh.
According to the head (real estate investment advisory) of Birla Sun Life AMC, Mr. Sashi Kumar, In today’s scenario, each one should hold realty in the portfolio, although the ratio of how much he/ she should hold could depend on the individual.

Debates on the future of real estate investment regionally and internationally


Abu Dhabi Cityscape
April 22, 2010

Due to the support from a government-led infrastructure program, the real estate market is now acquiring stability again. But, according to senior executives of three of the top Abu Dhabi master developers with multi-billion dollar projects on their books; it will still take some time to be fully established.

At the Cityscape Abu Dhabi conference, in a finance panel debate it has been noticed that the highest investment potential is in the mid-range residential rental and the retail property sectors.

The CEO of Aldar Properties, John Bullough who is behind the projects as Al Raha Gardens, Yas Island and the Ferrari World theme park; the Executive Director of Mubadala Real Estate and Hospitality, John Thomas, associated with projects like Arzanah, Sowwah Island and the Mina Zayed Waterfront; and the Chief Operating Officer of Sorouh Real Estate, Gurjit Singh, whose works include Shams Abu Dhabi, Lulu Island and Al Ghadeer on the Abu Dhabi-Dubai border were some of the panel members.

Till 21 April 2010, Wednesday, many more inclusive and open debates will be held at the conference alongside Cityscape Abu Dhabi, at the Abu Dhabi National Exhibition Centre. The debate will be on the topic “the future of real estate investment regionally and internationally”.