Indian Property Expo begins today

The Indian Property Exhibition 2007 opens today at Al Falaj Hotel.

Billed as ‘India — a destination for investment’, the exhibition will feature India’s leading builders, promoters, real estate companies, banks and financiers.

India has turned out to be a real estate hotspot and NRI investors wanting to invest in real estate india will have access to a first hand information on the upcoming and on-going real estate projects.

Owing to the real estate boom, buying a value-for-money home in India isn’t just easy. The third Indian Property Exhibition is being organised to address the rising need for quality homes with its guidelines, guidance and a galore of choices.

After years of toil in the Gulf, a lovely home is everyone’s dream. Indian property exhibition offers key solutions for Indian expatriates to find their choice of homes across India — be it apartments, independent villas, bungalows or farmhouses. For those looking for commercial properties, beach resorts and plots, there will be a lot to go for.

More than 150 projects will offer freedom to purchase dream homes in New Delhi, Mumbai, Kolkata, Burdwan (West Bengal), Hyderabad, Chennai, Bangalore, Mysore, Hosur, Vizag, Coimbatore, Trichy, Madurai, Ooty, Thirunelveli, Courtallam, Pattukottai, Ludhiana, Ajman, Panipet, Ghaziabad, Mohali, Sonipet, Meerut, Bhathinda, Karnal, Jaipur, Lucknow, Gurgaoan, Jodhpur, Kundli, Chandigarh, Dindugal, Nagarcoil, Kanyakumari, Tirupur, Salem, Sathur and many other locations.

More than 150 projects across these cities will be on display during the two-day exhibition. Brought by Indus Fairs & Events Pvt Ltd, the exhibition is sponsored by Vatika, with Premier properties, Vakil, Our Town being co-sponsors. Closing on September 28, the exhibition will be open from 10.30am to 9pm.

Right time for NRIs

The $12 billion real estate market in India is on a high growth curve, on the back of a booming economy, increased participation of global players in the Indian market, new technological innovations coming to India, new norms and policies with respect to maintenance of buildings, general upgradation of infrastructure, entry of some world-class players in the hospitality and entertainment sector, favourable demographics and liberalised FDI regime.

The real estate sector is the second largest employer in India. This sector is projected to grow to $50 billion by 2010 at an average rate of 20 per cent per annum. Investment opportunity is expected over $50 billion in the next five years.

“In India’s fast-growing economy, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. The real estate sector will continue to derive its growth from the booming IT sector, since an estimated 70 per cent of the new construction is for the IT sector,” a report by Pricewaterhouse Coopers has said.

“Favourable interest rates, modern attitudes to home ownership (the average age of a new homeowner is now 32 years compared with 45 years a decade ago), economic prosperity along with a change of attitude amongst the young working population from that of ‘save and buy’ to ‘buy and repay’ and liberalised FDI regime have all contributed to this boom,” it said.

While the last decade saw the transition of sleepy towns like Gurgaon, Mysore, Jaipur, Burdwan (West Bengal), Mangalore, Hosur, Vizag, Ludhiana, Ajman, Panipet, Ghaziabad, Mohali, Sonipet, Meerut, Bhathinda, Karnal, Lucknow, Jodhpur, Kundli, Faridabad, Trichy, Madurai, Ooty, Thirunelveli, Dindugal, Nagarkoil, Kanyakumari, Tirupur and Salem into enviable addresses, today these tier I towns, as they are called, are saturated and far beyond the means of the middle class. Naturally, the opportunity in the residential development in Tier-II and Tier-III cities — like Hyderabad, Coimbatore, Gurgaon, Noida and Chandigarh is equally enormous.

The real estate industry has a lot of potential as various foreign real estate and finance companies have entered the Indian market.

Moreover 100 per cent FDI is allowed in real estate development and the Indian government has played a major role in supporting the growth of the real estate sector by allowing NRI investment.

Mall space is expected to increase dramatically in the coming year, according to a recent report by Myrrill Lynch. Property development is no longer merely constructing a building and leasing it out. The tenants of today are well versed with professionaly

managed buildings. This has made the developers in India appreciate the need to maintain and manage their property in a systematic manner.

Overall, the year ahead promises to be a good one for all those involved in the industry — the builders, as well as the consumers. The future of India is set to usher in the gold rush of realty.

NRI investors looking for investment in real estate India would have access to first hand information on upcoming and current real estate projects, as a range of property options, from residential apartments, plots and bungalows, to commercial properties would be on display.

Vakil Housing Develop-ment Corporation

Vakil Housing Development Corporation (VHDC) is a leading premium layout developer. Spearheaded by M. A. Vakil who has over two decades of experience in the real estate market, VHDC specialises in layout development with a pleasing ambience, an offering that is unique and has little competition.

VHDC has been instrumental in quietly transforming the landscape of Bangalore, guaranteeing quality and timely delivery of ‘thoughtfully designed spaces’. The company exemplifies meticulous planning and attention to detail, which makes every Vakil project a pleasure to live in.

VHDC prides itself on being a forward-looking organisation. Many of VHDC’s marketing, e-commerce and customer service initiatives have set benchmarks for the real estate community in the country.

The company is customer centric with the highest degree of professionalism and transparency. VHDC, a pioneer in landscaping, has offered unique features like butterfly park and fruit orchards at their projects.

VHDC’s customers range from businessmen, government officials, entrepreneurs to professionals from some of the most prestigious organisations in India.

VHDC is committed to the objective of ‘Creating International Quality Living Spaces’.

Vakil Housing in years of its existence has developed premium properties in Bangalore. All of Vakil Housing’s projects have been in areas which have seen massive appreciation after the launch of their project.

Source://timesofoman.com

Nagpur to Witness Spectacular Growth in Real Estate

Maharashtra’s second capital, Nagpur off late has been in the news for the tremors being created by booming Real Estate.

India’s second greenest city and also known as Orange city, Nagpur is not only a tourist destination but has various other attributions as well. Nagpur has almost 40 educational institutes in the vicinity, a technically apt workforce that is available at relatively lower cost, and the city also flaunts an international airport whose work is in progress.

Nagpur is currently booming in terms of Real Estate and is expected to escalate further with the advent of various IT companies and flow of FDI in huge amounts. There are success stories of various IT companies who turned around the disadvantages of the city and used it to benefit themselves. To name a few, it can be Premier Technologies, Persistent Technology Group, Lambent Technologies and Control IT India and a lot more fumbling an opportunity to make a firm stance in the city. With IT companies striving to enter the city, the Real Estate prices of both commercial and capital values are likely to rise high.

Another major factor that has led to the soaring Real Estate prices is the NRI investment in the city. Fierce with which NRIs are investing in tier II cities along with the demand being created for both residential and commercial properties by this investment coupled with the high buying power of NRI’s the prices are being pushed beyond a reasonable limit in Nagpur.

Developers and various brokers are having a gala time and to add more to this they plan to tap other regions of the city which has a large number of NRIs with their roots from those areas. To implement this in a more professional fashion many developers and brokers hold exhibitions and fairs abroad to attract NRIs from UK, US, Dubai, Singapore etc.

Orange City, Nagpur achieved the second position on the emerging growth centers in India in a recent study conducted by a UK-based Global Property Consultancy firm and with increasing interest of NRIs in tier II cities, city emerging as a preference of IT people and with a series of other factors the Real Estate sector is expected to grow manifolds .

Source://prgb.com

Real Estate Prices Rise In Kerala

Foreign investment is pouring into India driven by the 30% plus growth rate in the $12 billion real estate market. The real estate in India is estimated to grow to $90 billion in 10 years by analysts.

Industry sources say that roughly Rs. 135 crores is being invested in Kerala apartment and flat industry every month. Such growth is being driven by returning NRIs as well as growing employment in the IT sector. An average flat in Thriuvananthapuram costs Rs. 25 lakhs while in Kochi, per sq. ft. prices are in the range of Rs.2000 -2,500. The growth in residential demand is benefiting all realty builders alike.

The demand for real estate in Kerala is largely driven by the growth of IT and BPO sector. Not only has this increased the capital and rental values of commercial property, it has also fuelled a demand for housing for its workforce.

Growth in every area including realty development is therefore certain for the next few decades at the least. Cochin is converting into more of a cosmopolitan city. Liberalized government policies, improved transportation and telecommunications system, chain of hotels, retailers, etc are some of the factors paving way for increase in prices for real estate in Kerala.

Source:littleindia.com

Doha Bank to offer mutual funds in India

Doha Bank in association with Investnet, is looking to offer mutual funds in India. This follows the bank having acquired a 49 per cent stake in Investnet following a strategic tie-up between the pair.

Under the new dispensation, Doha Bank Deputy Chief Executive Officer R Seetharaman is to be chairman of the company following a re-branding exercise, according to Investnet Managing Director Prince George.

Doha Bank recently received approval from the Securities and Exchange Board of India (Sebi) to act as a Foreign Institutional Investor (FII).

George told The Peninsula yesterday that Investnet will be concentrating on non-resident Indians (NRIs) looking to invest in India, which is showing major economic growth and is rated as a fast-growing emerging market. "NRIs often do not have much time on their hands so we offer portfolio management schemes. We have tie-ups with 18 mutual funds in India," said George.

The company is hoping to massively increase revenues over the next three years as well as expand its branch network in India from the present 120 to around 300 in the near future. Largely concentrated in the southern Indian states as well as places like Maharashtra and Gujarat in the west, Investnet is proposing to make inroads into cities like Kolkata and New Delhi.

George observed that NRIs are diversifying their areas of investment. "Perhaps 10 years ago, 90 per cent of investments were going into fixed deposits," he said. But nowadays, real estate is attracting the NRI investor but not necessarily as a means for speculation. "NRIs are not speculative. They look at good assets that will give good returns," he said.

Speaking of the NRIs in Qatar, George said: "Most NRIs here have surplus money and are showing more intent to invest. The quality of the investor here is high."

He said though India's GDP is growing at a furious rate, the corporate world's performance is even better. While India's capabilities in software are well-known, industries like steel, petrochemicals, telecommunications and the like are proving to be world-beaters. "Stocks in India are high-risk but also offer high returns. Several companies are offering 20 per cent and above in returns while mutual funds are these days offering 20 to 50 per cent over the initial investment. This is mind-boggling," said George.

Investnet has already opened a marketing and customer support office at Doha Bank's International Relation Centre. Though now there is skeletal staff on hand, the employee numbers are expected to be shored up soon.

Resource://thepeninsulaqatar.com