Latest Articles by malhotra

Why Invest in India Properties?

Sat, 06 Oct 2007 00:00:00 -0500

Indian real estate is becoming a hot subject among investors around the world as it provides them a chance to earn high return on investments. However, Indian property market is a highly fragmented sector with high transaction costs and less transparency.

The sector is holding the market size of $12 billion real estate and is likely to grow by 30 per cent each year. With the economy growing at a rapid pace – the rate is about 8 per cent – there is a surge in the demand for quality residential properties in India.

Real estate in India will grow to $90 billion in 10 years. There is no other productive avenue for investing money than property investments in India. The prospects of the pouring money in India properties have encouraged Non Indian Residents (NRIs).

The Reserve Bank of India (RBI) has relaxed the rules further for NRIs to invest in Indian property market. The authority has taken the move for NRIs with respect to repatriation of FDI on real estate investments. In addition to this, India offers 10 to 12 per cent returns, perhaps the highest in the world.

Also, the rental property in India is making new high and is believed to be the best as far as the capital value of the property is concerned. Investment in commercial property in India, where the returns are 10 to 15 per cent, is a proven option.

Taking a look at the excellent opportunities being offered by Indian property market, investing large amount here is certainly worth the idea. All these features make the market hot among investors.

More ostensibly, the sector offers the right impetus to the real estate enthusiasts and industry professionals.

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For more details please visit: http://www.indianrealestateforum.com

Source: http://www.articletrader.com

Smart Homes to Bring Home Automation in India

Fri, 07 Sep 2007 00:00:00 -0500

Smart homes in India are generally believed to cater the persons who acquire wealth within their generations. However, the time has gone when they could just be the property of riches. Unlike earlier times, smart homes have now become a part of modern lifestyle.

The demand for smart homes in India will undoubtedly increase in the future. Although expensive but these homes have everything that you would like your home to have. The advantages of convenience and long term savings should therefore be pondered upon in the light of budget and needs. It hardly makes any sense to buy a home that has facilities which you either don’t require or suppose unnecessary.

A Pune based real estate developer Kumar Builders will be developing a number of smart home projects. The company is soon coming up with one of such projects, Kumar Kruti, a high residential complex with 900 exclusive flats in 10 Octagonal buildings, each having 12 storeys, at Kalyani Nagar, Pune. These smart homes in Pune boast to be equipped with features such as a visitor tracking system, video door phone, a portable panic button, and a gas leak detector.

Going more technologically, each family member will be provided with a smart card for entry into their homes. This has been decided to add for additional security. The complex to be built by Kumar Builders in Pune ensures would be residents to operate almost everything in their homes at the click of a button. Interestingly, the children play area can also be monitored by CCTV. These features certainly make these apartments exclusive as well as expensive enough to stay in.

Such apartments seem like a dream. With the advanced technology and builders fast implementing it are likely to make the dream come true.

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For more details please visit: http://www.indianrealestateforum.com

Source: http://www.articletrader.com

Need for a Real Estate Regulator

Thu, 26 Jul 2007 00:00:00 -0500

India has come of age and fast gearing up as the next hub for industries and service sectors especially IT, ITes and BPO. The contribution of these industries and their bullishness to establish a presence in the country has given a strong push to real estate sector.

With property developers fast turning to capital markets and increasing FDI, Indian property market has changed dramatically. Yet problems such as poor infrastructure facilities, lack of transparency, arrival of amateur builders, haphazard development continue to plague the industry. The ultimate solution for most of these problems lies in having a regulator for the real estate with capacity to penalize errant developers and property agents.

The move will help in bringing greater transparency in the unorganized property market of India. Investors form a critical part of the real estate fraternity. Appointing a managing head for real estate will open ways for investors who though want property investment in India but resist the temptation considering the fragmented nature of the market.

Appointing a real estate regulator will result into maximum benefits for retail industry in India. There is a dire need to transform unorganized traditional retailing into modern organized retailing. It will further strengthen the customer base and attract interests from global retail players.

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Rakesh Malhotra, an associated editor of Indian Real Estate Forum, which is a platform to exchange ideas with real estate community on various issues related to property investments, property for NRI and real estate updates in India.

Source: http://www.articletrader.com

Property in India – A Profitable Investment

Wed, 18 Oct 2006 00:00:00 -0500

India’s stand in the global economy is undeniable. With every passing year, the economic prowess of India is steadily rising, a fact that can be witnessed with the sensex reaching record breaking highs.

Besides, the IT and the BPO sectors of India are one of the strongest in the world. And every major global player is shifting base to grab a piece of this lucrative pie. India’s strength lies in the abundance of young, educated, and skilled manpower which is surprisingly cheap compared to those from other parts of the world. Today, this young population is gradually climbing up the social and economic ladder bringing forth a new generation of entrepreneurs and financially-independent individuals.
This phenomenon has led to the emergence of a group of suave people that have no qualms about spending money for anything. No wonder, India is turning out to be a hub for what is cool and happening, thus forcing big banner designers and sports car manufacturers to form a beeline.

With so much happening in India coupled with a myriad of companies from around the world thronging to get in, a new wave has been triggered. The demand for retail and residential properties has shot through the roof Real Estate India is currently witnessing a huge boom and it is the right time to be investing in immovable properties – both retail and residential.

To substantiate that claim, the global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and has predicted an overwhelming 20% growth for the retail segment by 2010. It has also brought to light that investment in the retail real estate segment at present yields 13-16% returns.
Furthermore, another survey by real-estate consulting firm CB Richard Ellis (CBRE) has derived that office space in Mumbai is more expensive than Manhattan and has marked Mumbai as the world’s 15th most expensive place.

All these numbers add up to an impressive investment opportunity. And the channel to do so has been logically paved with India opening its doors wide open by formulating its foreign direct investment policies in such a way that makes it easy for both NRIs and foreign citizens to invest in properties without any problem. To that effect, the Reserve Bank of India (RBI) has allowed NRIs to use their foreign currency assets which have been earned and accumulated by them lawfully while they were residing outside India. Also, The RBI has granted general exemption to them from the requirement of surrendering foreign exchange and income.

As for persons who are not citizens of India (whether resident in India or not) and companies (other than banking companies) which are not incorporated under any law in force in India are required to obtain prior permission of the Reserve Bank to acquire, hold, transfer or dispose of by sale, mortgage, lease, gift, settlement or otherwise any immovable property situated in India. This however, is not applicable to the residents of Nepal and Bhutan.

Keeping in mind all these factors, one thing becomes quite clear, which is, apart from other sectors, investing in property in India is fast becoming a popular and a profitable choice for many foreign investors. While this proposal may sound new, the return on investment it offers are worth considering it seriously. Hence for all those India bound, keep your eyes open for properties. It might be the right choice!

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Rakesh Malhotra, an associated editor to http://www.indianrealestateforum.com , is a contributing author to the http://www.indianrealestateforum.com for distinct article sites/journals. Please feel free to visit http://www.indianrealestateforum.com to discuss and exchange ideas related to Real Estate. Or write to him at contact.rmalhotra@gmail.com.

Source: http://www.articletrader.com