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Thursday 08/11/2007

2:53 AM | Factors Pushing the Growth of Indian Realty

Increasing interest rates on home loans, oversupply in development phase, and implementation of the project are some temporary dampeners for domestic property in India market which are further fuelled by strong fundamentals. According to Prabhudas Lilladhar, a leading equity broking house in India, there are long-term drivers too which include good GDP growth, increasing affordability, conducive demographics, rapid urbanization, and increasing mortgage penetration, besides an improving regulatory framework. The National Housing Bank drives the shortage of residential property at 45 million units during the 11th Five Year Plan. The urban housing shortage is determined at 22 million units, which clearly indicates towards an annual demand of 4.5 million units. The commercial property market in India is largely benefited by a high proliferation of IT companies which are accountable for 60-70 per cent of the total demand. As per the data showcased by Nasscom, the IT/ITes sector employs 1.63 million people. The number will grow up to 0.67 million professional by 2010. Staying in step with the demand requirements, this would involve 95-110 million sq ft by 2010.

As far as Indian retail industry is concerned, its size is believed to be $250 billion. The sector is likely to grow at the rate of 10% per annum

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2:48 AM | The markets in India

The markets in India, be it a metro or a smaller city, have been buzzing with real estate activity. Residential developments, malls, commercial centers, IT hubs, FDI, real estate mutual funds, among others are commonly heard terms in almost all the cities across India. It is whole new generation After the tremendous success of Jobs, Hotels and Matrimonial websites in India. How can Real Estate Market remain untouched. If you have a property to sell and are planning to upgrade or move to another location, now is the good time to do… Zameen-Zaidad.com, one of the India-s largest real estate portal and adopts secure registration methods, which attracts only serious users and the technology employed gives prime importance to user privacy. In this website one can advertise a property and also search for a property on the basis of type, price, range and location. The search has been organised after assessing the specific requirements of the commercial real estate sector. According to a survey report, real estate-related Internet traffic reached around 22 million users in April 2005, a 26 percent increase from November 2004. And this is the segment that zameen-zaidad.com intends to tap. Zameen-Zaidad.com aims to become India’s premier property portal that meets every aspect of the consumer’s needs in the real estate industry and will be a one - stop source for buying, selling or leasing any type of property anywhere in the country. During nest 5 years will be resourceful for Real Estate Investors. Indian real estate market is booming. $8000 Million will be invested in India before common wealth games. Governments are making best strategies to motivate investors but Real Estate Portals like http://www.Zameen-Zaidad.com will definitely play an important role.

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Tuesday 06/11/2007

7:15 AM | Mivtach real estate will invest $13 million in Chennai

Category: Jobs, Works And Career

Israeli firm Mivtach Real Estate, a subsidiary of investment company Mivtach Shamir, will invest about $13 million out of the total $30 million in Chennai real estate to construct offices, hotels and commercial centers. Mivtach Shamir Holdings Ltd. is an Israel-based investment company. Mivtach Shamir invests in industry, technology, communications and real estate companies, including Tnuva, Tefron, Solbar and Gilat. Several weeks ago, the company completed a private offering of a series of non-negotiable bonds at NIS 263.8 million (about $64.43 million) to institutional investors. The firm has purchased 275 acres of plot in the city and plans to build 24 million sq ft of office space, hotels and commercial centers on the site with Indian partners and will own 32 per cent shares in the project. Mr. Meir Shamir, Chairman and CEO of Mivtach Shamir, said the company “continued to tighten its hold of investments in Indian infrastructure and real estate”. Mivtach Shamir did not disclose how much the project would cost to build or what the expected sales proceeds are. This is not Mivtach Shamir’s first investment in India. Two months ago the company announced that it would invest $15 million in the Tower Vision Company, which builds and operates cellular antennas in India. It also announced that it would invest up to $25 million in the INMB Company, which plans and builds hotels in the business sector across India. Source: Indiarealestateblog

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7:14 AM | Delhi beats Maximum City in ‘best place to live in’ race

Category: Jobs, Works And Career

Riding on its high quality of life, transportation infrastructure and overall labour force contributing to its economic growth, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside, according to a report by Ernst & Young. The report, which took into consideration 57 parameters before arriving at the conclusion, said between Delhi and Greater Mumbai, the former takes the lead on city prosperity index due to its lower population and hence higher per capita income. The national capital also indicates greater propensity to save earnings and lower credit growth. The constancy firm’s findings were unveiled by Urban Development Minister Jaipal Reddy at the Ficci-organised International Real Estate Summit here today. On the business environment index as well, Delhi out scored all other cities as it has a large workforce and more number of management graduates, people employed in trade and services and other business activity as compared Gov to most of the other major cities such as Mumbai, Chennai and Bangalore. However, on the urban governance index, Greater Mumbai top-scored, leaving Delhi at the second spot. “Delhi has arguably the best infrastructure in India. It has outperformed almost all cities on all the indicators that comprised the infrastructure index,” the report said lauding its road network and social infrastructure, including hospital and educational institutes. The Ernst and Young report places both Delhi and Greater Mumbai in the same bracket when it comes to quality of life index. “They have a large supply of hotel rooms as well as huge and elaborate multi-modal public transport system. These cities have the best possible leisure activities available in the country,” the report said. The success of Navi Mumbai and proposed mega Special Economic Zones (SEZs) such as NMSEZ indicates that Mumbai’s status as the commercial capital of the country remains unchanged, it said. However, the city’s infrastructure has lagged far behind its economic growth, the report pointed out. “With several mega infrastrcuture projects such as Mumbai Urban Transport Project and Bandra-Worli Sea Link initiated, their implementation would determine Mumbai’s ability to compete with Delhi in the near future,” it added. Source: The Free Press Journal

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7:11 AM | Govt. to set up real estate regulator in Delhi

Category: Jobs, Works And Career

The Union Government will set up a regulator to address builder-consumer complaints in Delhi in six months, the Union Urban Development Minister, Mr Jaipal Reddy, said here on Thursday. Addressing the inaugural session of an international real estate conference summit, organized by the Federation of Indian Chambers of Commerce and Industry, he said it would be a quasi-judicial authority and would be headed by an eminent personality. The regulator would take up complaints such as “cheating”. “Small consumers need protection and builders clear titles,” he said. “The regulator would be set up with the backing of a model legislation,” the minister said. ‘HOPE STATES FOLLOW SUIT’ Issues such as land prices would be outside the purview of the regulator. The Union Government could only encourage State Governments to follow suit, as land was a State subject, with whatever modifications they so desired. ‘WELCOME MOVE’ Reacting to the announcement, the Chairman of the Builders Association of India, Mumbai Centre, Mr Anand J. Gupta, said it was welcome move by the Government. What five per cent of the “black sheep” in the builder fraternity did had resulted in prejudice against the entire community. Mr Gupta said that despite payment of stamp duties and seeking a search report on earlier documentation of properties, there was no concrete assurance that the title was clear. Those among the builder group who followed fair practices said some of the common consumer complaints were registering of the same property in the names of two or more buyers, not delivering the promised built-up area and amenities, besides defaulting on refunds, and delaying delivery. Some even charged interest for belated payments while not following the same when it came to delays at their end. Source: The Hindu Business Line

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Saturday 03/11/2007

8:30 AM | India, a destination for continued investment, says Morgan Stanley

Category: Automative

Morgan Stanley, a global financial service firm, has re-entered investment banking after parting ways with JM Financial, its former Indian partner. The firm has got a merchant banking license from the real estate regulator SEBI for its arm in India. It is also looking forward to expand its asset management and proprietary business. Morgan Stanley has appointed Narayan Ramchandaran as CEO and country head for the company in India. Mr. Ramchandaran is currently working as the head of investment management in India (MSIM). Four senior officials from DSP Merrill Lynch will be working with Morgan Stanly to establish its wealth management business in India. The names are Amitava Neogi, Partha Basu, Himangshu Bhagat and Himangshu Jain. The company has plans to recruit 100 more private bankers for the same. A multitude of investment banks is considering to kick off their operations in India. The list includes the prominent names such as Goldman Sachs, Lehman Brothers, and Credit Suisse. The merchant banking license will help these firms to offer on-shore investment banking, advisory, and underwriting services. India is a main priority for the firm and the most preferred area of continued investment. Morgan Stanley has been running its real estate advisory business in India lately and is trying to take it to new high. Courtesy: Indianrealtynews.com

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Friday 02/11/2007

4:26 AM | DLF bids highest for Tidel-II

DLF Ltd, India’s largest real estate development company, has emerged as the highest bidder for establishing the Tidel-II, the second IT/ITes SEZ in Chennai. DLF made a bid of Rs 26.07 crore an acre for the 26-acre property at Taramani and take the total bid amount to Rs 660 crore in the closed bids called by Tamil Nadu Industrial Development Corporation. DLF bid at a rate of Rs 5,757 per sq ft for the property including 11.32 lakh sq ft. Other real estate developers bidding for the property were Ascendas, RMZ Corp, and Prestige Group. The property is located adjacent to American International School off the IT corridor. The land will see over 2.6 million sq ft built up space. There was a stiffer competition among the developers as the project is likely to be one of the significant landmarks in Chennai. Since monthly IT space lease rents in the area hover around Rs 47-50 per sq ft, the bid is believed to be an attractive investment. It could be well covered under the project with cost including the land costing Rs 1,500 crore. The project is likely to strengthen Chennai’s position as a centre for IT/ITes companies. With a high proliferation of IT companies in Chennai, demand for commercial properties or rental properties are likely to increase.

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Tuesday 30/10/2007

8:40 AM | Bear Growth Capital will invest 800 crore in Vatika Group

US-based Bear Growth Capital (one of the largest global investment banks, securities trading and brokerage firms in the world) plans to invest around $150-200 million (Rs 600-800 crore) to pick a 8-10% stake in Gurgaon-based real estate company Vatika Group (one of the leading groups in real estate, hospitality, Resorts, Farmlands and Luxurious Commercial complexes such as First India Place vatika triangle & Vatika world).

Bear Growth Capital Partners (BGCP), an affiliate of BSMB (Bear Stearns Merchant Banking (BSMB) is a leading institutional private equity firm focused on making equity investments in middle-market companies). BGCP looks for opportunities to work directly with experienced management teams and provide capital and investment expertise to help companies grow. With target investments between $20 million to $100 million in enterprise value, BGCP provides a complementary capital pool to BSMB.

The Vatika Group holds a vast experience in construction business, hospitality, and facilities management and has a portfolio of resorts, restaurants, hotels, farmland, and shopping malls. The group is taking up the projects worth Rs 3,200 crore, across real estate and hospitality sector.

The Vatika Group proposes to use the funds to meet its working capital requirements. A senior representative from Bear Capital, however, declined to comment on the deal. If the deal goes through, it would mark a case of a global PE firm investing directly in a parent company instead of investing in a FDI-compliant project.

Many global PEs prefer the second option as it minimizes their risks. In fact, Delhi-based Vatika Group is in talks with Goldman Sachs and US-based Wachovia Corporation, besides US-based Bear Growth Capital.

In the words of a senior officail of Vatika Group, “We are in talks with Bear Growth Capital, Goldman Sachs and Wachovia Bank to raise funds. Goldman Sachs and Wachovia are likely to invest in projects. If the deal with Bear Growth Capital goes through, the money will be used to meet the company’s resource needs.”

Anil Bhalla is the promoter and chairman of the Vatika Group. Currently, the group is executing projects valued at over Rs 7,900 crore and is expected to bag more contracts in the future. Money will be required to fund these projects, which has prompted the group to look at PE investments for the first time.

Courtesy: Indiarealestateblog

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8:38 AM | Boom in Indian real estate

Category: Blogging

It’s a known fact that India Real Estate sector is booming and it has provided innumerable opportunities for investment throughout the country. All throughout the country, whether it is the metropolitans or the two or three tier cities are exploding with commercial high rises, residential townships, industrial parks and shopping malls. It is estimated that Indian real estate is presently growing at 30 % per annum and the property industry boasts of a wide range of products that includes property prices which would suit even the people of the low-income group.

With the property prices shooting up in most of the Indian metros, buyers are looking towards investing in two and three tier towns where real estate development is growing at a rapid pace. Chandigarh in North India ranks high in the list of potential cities for a vibrant Indian property market. With rapid development taking place in its outskirts areas such as Panchkula, Mohali, Dera Bassi and Zirakpur, Chandigarh is certainly one of the booming real estate cities of India.

It wouldn’t be unfair to say the NCR in the north has dominated the Indian Real Estate industry as there is tremendous demand for Delhi properties, Gurgaon properties and Noida and Greater Noida properties. The property prices of Delhi properties have seen an appreciation in their values in its upcoming areas such as Dwarka, Mayur Vihar and Patparganj. Greater Noida is following close on the heels of Noida where the property rates have increased in a short span of time due to the upcoming international airport, metro network and the upcoming Commonwealth Games.

The property prices in Mumbai are at an all time high as there has been a considerable increase of around 40 per cent in many of its locations. Increased property rates in Mumbai have made real estate developers and buyers look for more affordable options in the suburbs like Navi Mumbai. Areas beyond Vasai, Virar, Dombival, Thane and Panvel are being touted as the upcoming townships for real estate development in western part of India. India real estate in the South are rapidly developing in Chennai, which has seen a large emergence of IT companies in the recent past thereby bringing in a demand for both commercial and residential properties. Bangalore the IT hub of India already enjoys a high rate of real estate development and to meet the growing demand, even the suburbs of Bangalore are being developed by India real estate developers.

Primarily India properties are concentrated around the metros and the suburbs along with some of the two tier cities such as Chandigarh, Pune, Kochi and Jaipur. Investing in a property in any one of the emerging cities and towns are going to appreciate in value as properties across India are experiencing property price rise. For best and transparent deals in Indian real estate, please visit our website http://www.zameen-zaidad.com

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8:36 AM | Commercial Real Estate Property in India

Category: Blogging

The term “Real estate” refers to immovable property or real property such as a building or land. Commonly said real estate is the legal term provided to the immovable property. With the development of the real estate and the emergence of the private or public sector in the real estate, it has become a major area of business.

Purchasing and selling a real estate property means high amount transaction and a significant investment; hence reliability, trust and faith plays a major role in this field. Depending upon the hour of the need the real estate business required specialization in fields like real estate marketing, appraisal or valuation service, brokerages, property management etc

Within each field, a business may specialize in a particular type of real estate, such as residential real estate, commercial properties, or industrial property. In addition, almost all construction business effectively has a connection to real estate or commercial properties. Zameen-Zaidad.com is perfect place in all fields. You will find all services for real estate marketing, investment property, real estate for sale and commercial property for sale in India.

An important term used among the terminology of the real estate is the market value and price. The market value is similar to price of a commodity but has some difference too. The definition of market value it is that Market Value is an estimated amount at which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein both the parties have acted knowledgably, prudently, and without compulsion.

Market value is the fluid concept, ever changing, while price is a historical fact at a time of transaction. A price obtained for a specific property under a specific transaction may or may not represent that property's market value: special considerations may have been present, such as a family relationship between the buyer and seller, or else the transaction may have been part of a larger set of transactions in which the parties had engaged.

Commercial property India is committed to providing exceptional commercial real estate services across all commercial property types and service lines. Whether you are looking to acquire, sell, lease, or develop commercial property, or your interest is in real estate agent, real estate marketing, real estate investment, real estate companies, rental property, real estate sales, commercial property for sale or whatever related to commercial property we have solution for your requirement.

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