Monthly Archives: February 2008

Jewel Of India Taking Shape

Suncity Projects, a New Delhi-based real estate company, is branding its upcoming mega malls (typically a million sq ft plus area) as Jewel of India. The company, promoted by media baron Subhash Chandra’s younger sibling Lakshmi Goel, has identified Jaipur, Mohali, Chandigarh, Greater Noida, Indore and Bareilly as focus cities for its new mall brand. The company disclosed that more than Rs 15,000-crore will be invested over the next two-five years to develop these properties.

Mr. Ankit Goel, Projects director, Suncity, told, “Through this initiative, we plan to create a niche brand identity for Suncity malls.” With over 400 new malls slated to open in the next two-three years, differentiation is becoming the key, not just to attract shoppers but tenants too.

Apart from size, another unique feature of Jewel of India would be exclusive space for ethnic products, much on the lines of government-run Delhi Haat. Mr Goel added “It will provide a traditional flavor to the malls. We strongly believe that these products symbolize the true essence and culture of our society”. However, Mr Goel denied that they have similar plans for their existing, smaller Suncity malls.

Currently, the company has three shopping malls — Cross River, North Square & Vasant Sqaure — in Delhi, which are all spread over less than a million sq ft. Suncity Projects, a consortium of the Essel Group, Action Group and Odeon Builders, intends to tap the capital markets though an initial public offering in the second half of 2009.

Highlights of the Economic Survey 2007-08

NEW DELHI: Following are the highlights of pre-Budget Economic Survey 2007-08 presented in Parliament on Thursday
* FY’08 economic growth at 8.7%, against 9.6% a year ago
* Inflation rate to decline from 5.6% in FY’07 to 4.4% in ’08
* Holding 9% growth a challenge, two digit growth even greater
* Inflation and infrastructure biggest growth challenges
* Skill dearth causing attrition, wage hike; pushing inflation
* Farm growth in FY’08 seen at 2.6%, against 3.8% a year ago
* Foodgrain output seen at 219.3 MT against 217.3 MT in FY’07
* Acceleration in domestic investment, savings drove growth
* Macroeconomic fundamentals continue to inspire confidence
* Investment climate full of optimism
* Industrial growth slower at 9% in first 9 months of FY’08
* Costly rupee, sluggish consumer goods and infra a concern
* Rupee rose by 8.9% against USD during current fiscal.
* Average credit growth slowed to 26.8% in FY’07, down in ’08
* Forex reserves up by $91.6 bn to $290.8 bn on Feb 8, 2008
* GDP projected at Rs 46,93,602 crore (mkt price) in 2007-08
* Inflation reined despite higher commodity prices & surge in capital inflows
* Growth deceleration spread across most sectors, barring power, community services and composite category of trade, hotels, transport and communications
* Cumulative increase in non-food credit by Jan 4, 2008 was 11.8% as against 17.5% a year ago
* Capital inflows rise to 7.7% of GDP in first half of FY’08 as against 5.1% in FY’07
* FDI inflows reach $11.2 bn, outward investments surge to $7.3 bn in April-September
* Exports reach $111 bn in first 9 months of FY’08; Imports grow 25.9%
* Surge in capital inflows, including FDI, to continue in medium term
* Complete the process of selling 5-10% equity in previously identified profit making non-navratna PSUs
* Phase out control on sugar, fertiliser, drugs
* Sell old oil fields to private sector
* Allow a share for foreign equity in all retail trade
* Raise foreign equity in insurance to 49 per cent
* Allow 100 per cent FDI in greenfield private agri banks
* State Electricity Regulatory Commissions should notify rational, credible, cross subsidy to make open-access viable
* Increase work week to 60 hours from 48 hours and daily limit to 12 hours.
* Introduce new bankruptcy law that facilitates exit of old/failed management as expeditiously as possible
* Public sector Rail Track company to own new tracks and signals

Budget wishlist permits REIT companies to list on stock exchange

New Delhi: Real estate companies are feeling the need to pitch in as competing investment avenues. As a result, the tax structure for Real Estate Investment Trusts (REITs) could be similar to that of equity-based mutual funds which are registered under the Indian Trust Act, 1882.
REIT has to operate as a trust that owns and operates income-generating real estate assets such as shopping centres, hotels and offices.
This will allow small investors to participate in real estate and generate income for shareholders through lease rentals and property appreciation, which is a global practice.
Further, these trusts would be permitted to deduct dividends paid to shareholders from their corporate taxable income.
REITs are expected to be exempt from tax keeping the stockholders paying dividend distribution tax.
REITs would be a huge success in India with the market comprising listed Indian real estate companies estimated to touch the Five billion dollar mark in the next 4 to 5 years, REITs offer a tremendous opportunity.

Realty CO Eldeco Eyes $250 mn PE Investment

Delhi-based tier II realty player Eldeco Group is in discussions with AIG and Merrill Lynch for raising $200-250 million from a clutch of private equity (PE) investors. As part of the plan, Eldeco has already raised some funds from Xander PE. Sources said group company Eldeco Infrastructure & Properties (EIPL) was in the market for raising funds at the entity and special purpose vehicle (SPV) level for upcoming projects in Ludhiana and Jalandhar, in Punjab, and in two cities in Maharashtra. The company is also looking at raising funds through four SPVs and may be at the holding entity level as well. Mr. NK Ahuja, CFO, Eldeco, said,“We look at raising funds from time to time, but there is no need for us to comment on it”. The company denied it was holding talks with the PE firms, and that it has raised funds from Xander. Read More »

India to have first green hotel in Hyderabad

NEW DELHI: For the new-age green consumer and those who believe in sustainable tourism here is a good news. After eco-friendly hotels, India will have it’s first green hotel — The Park Hotel in Hyderabad. The investment in this 280-room hotel, scheduled to start operations by mid-2009, will be around Rs 350 crore, 15% higher than a regular hotel. And it might not be a good idea for smokers to book a room in the hotel as 90% of it’s area will be non-smoking.

Another Park Hotel property lined up in Pune, for which the group recently acquired 90,000 sq ft, will also be built on the lines of green buildings. “For the Hyderabad property, we will be seeking US Green Building Council’s (USGBC) certification. We will be targeting at least LEED (Leadership in Energy and Environment Design) gold rating for this hotel.

However, for the Pune project we will be only going for a LEED certificate and not gold or a platinum rating,” says Deepak Bali, V-P, projects, The Park. There will be designated smoking lounges in the property and more than 90% of the property space will be non-smoking.

There are around nine eco-friendly hotels in the country with ECOTEL certification such as Lotus Suites in Mumbai and Uppal’s Orchid in New Delhi. An eco-friendly hotel is constructed using recycled materials, whereas a green building aims at saving energy. “Though the initial cost of construction is almost 15% higher for a green hotel, we will be able to recover that through efficiency in operations. A green hotel saves 34.7% of the energy costs,” added Bali.

India has 17 green buildings and around 170 are registered with Indian Green Building Council (IGBC), awaiting LEED certification Though an exact fix is not available, globally there are very few certified green hotels such as San Francisco-based Orchard Garden Hotel. But according to IGBC’s estimates, there will be at least 100 green hotels worldwide in the next two years.

ING Unit Launches Asian Real Estate Fund In Hong Kong

HONG KONG ING Group NV’s asset management unit Monday launched a fresh Asia real estate fund in Hong Kong that invests in listed real estate securities across the region.

Most of the portfolio will be invested in real estate companies and real estate investment trusts, ING said. The fund is at first being offered only to retail investors in Hong Kong, but ING is looking into offering it in other regional markets.

Read More »

Noida’s Got A New Hot Spot “Sector 119”

Sector 119 is now becoming center of attraction. Builders as well as People are also getting attracted toward this because all the major facilities are available near by sector 119. Oil Industry Development Board Office Complex is coming close by it. Various Builder groups are coming here with their projects. Read More »

Vastu based construction for prosperity

Vastu is the antique Indian science of constructions which state how finest the environmental energy can be used to benefit the inhabitants. The size of the buildings including its length, breadth and height and the shape of building are very important in Vastu based positioning.

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NH-24 Emerges As Cradle Of Housing Investment

The National Highway-24 has emerged as the cradle of investment for housing properties due to the surge in prices of residential real estate across key UP cities – Noida, Greater Noida and Ghaziabad. In recent years, NH-24 has risen as a prime alternative for those seeking affordable homes. NH-24 has seen the establishment of settlements like Crossings Republik, Indirapuram, Ansals API Aquapolis, and Hi-Tech city.

Read More »

SALCON Marks Its Presence With AURUM

Saluja Construction, the foremost name in premium residential development in Delhi and NCR for over 2 decades, now brings its golden touch to retail and business spaces.

Saluja Construction introduces SALCON, a realty brand that is a hallmark of innovation, quality, reliability and timely delivery. SALCON Projects will represent the zenith of lifestyle architecture and engineering, a benchmark for commercial real estate of the future.

SALCON will fuse new design, new technology and the finest materials to address the needs.

SALCON is in market with its project JASOLA AURUM. It is retail cum office space at the newest commercial district of South Delhi. It incorporates cutting-edge design with professional mall management service. Aurum is all set to be Delhi’s finest commercial centre.

India Faces Housing Slowdown

The withdrawal of an IPO by a big property developer in India earlier this month was just the latest sign of the growing difficulties companies world-wide are having tapping capital markets.

But the message for the sizzling Indian real-estate development business was worse: get ready for a slowdown.

Emaar MGF Land Pvt. Ltd. said it pulled its initial public offering of shares because of “prevailing adverse market sentiments, fueled by renewed indications of a U.S. recession and global meltdown.” Emaar MGF is a joint venture between the developers Emaar Properties PJSC of Dubai, United Arab Emirates, and MGF Development Ltd.

Real estate developer making ground on Sobha Daffodil in Dubai

Sobha Group, one of the leading real estate developers in India with many realty projects in Dubai, has broken ground on its first residential development in Dubai. Building work started on Sobha Daffodil at Jumeirah Village on 28th January, 2008 following a ground breaking ceremony.

Ajay Rajendran, Vice Chairman, Sobha Group, told thatSobha Daffodil will marks their entry into the residential real estate market in the Middle East. He was pleased to celebrate its ground breaking.

Sobha Daffodil is a 178-apartment real estate development located in Jumeirah Village, Dubai. The four and ten storey complex offers a contemporary living environment with roof top garden, large temperature controlled swimming pool and fully equipped Club House.

Realty firms raise maximum through IPOs in 2007: Assocham

According to industry body Assocham Real estate companies mopped up a large amount amount through early public offers on stock exchanges during 2007.V. Dhoot president of

Assocham chamber states that  although high interest rates, the real estate sector remained buoyant during 2007 primarily due to the well-built underlying demand, aggressive marketing, entry of fresh players and gain in retail and multiplexes. This is reflected by the highest share occupied by the sector in IPO market during the year.

Assocham  states that Property developers mobilized as much as 42.7 % of the total funds through IPOs.

It said nine real estate companies raised money by the means of public issues, which also included IVR Prime Urban Developers (Rs 778 crore), Omaxe (Rs 650 crore), Brigade Enterprises (Rs 671 crore).

Assocham states that out of 101 companies 29 sectors raised money from IPOs amounting to a total of Rs 34,119.7 crore during the year gone by.

Predicted Features Of The Budget

The key feature of this budget is that this is the last budget to be presented by the present government before it faces the general elections next year. For that reason, it will be targeted at getting votes. This means that it could well be a populist budget with pay-off for voters in terms of lesser taxes. Another possibility is that tax rates are left unchanged for corporate, but there are a host of announcements on increased outlays to social sectors like education and health.
The major challenges that this budget also needs to address certain areas:-
(a) Inflation
(b) The reduced speed in the GDP, mainly in the manufacturing sector
(c) A much tougher global environment and its impact on growth through the external sector in the months ahead
(d) A rising subsidy burden, which does not fully reflect in the fiscal deficit.

As a result, on balance, the entire broking house’s expects that the key features of this budget will be as given below:
1. Reduction in direct tax rates for individuals but not for corporate Some reduction or elimination of dividend distribution tax.
2. Rationalization of excise duties, including the auto sector.
3. Rationalization of exemptions for corporate.
4. Lower customs duties for commodities to contain inflation and rationalization of inconsistencies.
5. Enhanced credit availability for the agriculture sector.
6. A sharp increase in the outlays for social sectors like health and education

So it can be expected that the sectors to be positively impacted by the budget are auto, capital goods, cement, construction, FMCG, logistics, oil and gas, metals, fertilizers and pharmaceuticals. However, it expect largely neutral for the sectors like media, telecom, information technology and  the real estate.

Simplex Infra bags MRTS order

Simplex Infrastructures Ltd has received a Rs 406 crores order for the Mumbai Metro first phase. It is for civil construction of 10.7 kilometer long viaduct on the Versova – Andheri – Ghatkopar elevated corridor of the Mumbai MRTS Project. A consortium led by the Anil Dhirubhai Ambani Group’s Reliance Energy and Mumbai Metropolitan Region Development Authority bagged the Rs 2,356 crores Phase-I contract of the Mumbai Metro Rail project. Other corridors in the first phase includ e a 38-km Colaba – Mahim – Charkop and 14 kilometer Bandra – Kurla – Mankhurd routes.

The REIT mode to invest in property

With banks lowering housing loan rates and RBI signaling a downhill fashion in property prices, investors have a cause to smile. After all, they can now go ahead and buy that, in demand piece of property, feeling a little less culpable about not making the investment when rates were much lesser.

For all those who cannot still make a decision if or when to press the play button, there would soon be pools of money like mutual funds, called real estate investment trusts (REITs), to invest in.

REITs invest in properties and earn rental income from them, besides the appreciation in the property rate itself. They could be rolled out by either real estate players who have large rental assets, or by mutual fund houses. The income brought in as rent is given out as dividends.

The properties would be assessed at regular intervals and accordingly, the net asset value (NAV) arrived at, much like in mutual funds. The NAV, however, would not be declared daily, but annually.

The REIT corpus would go into together commercial and residential property. It may also spread the risk into urban, semi-urban and even rural land, thus curbing losses, if any.
Lease or rental agreements on commercial properties are usually spread over several years. As a result, REITs would also have a lock-in of a few years.

In the meanwhile, if you are in need of cash and wish to exit, you would have an option to sell the units. This cannot be sold to the REIT issuer as the money has to grow. But, REITs would be listed on the exchanges and units can be sold there.

SEBI has also issued guidelines for dedicated infrastructure funds, which would be seven-year closed ended funds investing in infrastructure projects. These funds, too, would be listed and would have a Rs1 lakh tax exemption over and above the usual Rs1 lakh of exemption under Section 80 (C).

Ved Prakash Arya, managing director of Milestone Capital Advisors Pvt Ltd, says, “Globally, REIT is the most sought after platform for investment in real estate market by retail households. I expect the same to happen in India as well. Another big benefit of REIT is that it will bring in a very transparent valuation mechanism and will also help remove other anomalies like cash transaction and arbitrary pricing prevailing across the country.”

Cheaper home, consumer durables loans

MUMBAI: Home loan and consumer durables loan borrowers could look forward to softer interest rates. Following the reduction in the cost of funds, banks are reviewing the interest rate structure, according to the Indian Banks’ Association (IBA).

Speaking to the media after the managing committee meeting on Friday, IBA CEO H N Sinor said, “Banks are have seen an improvement in their spreads during the financial year. This is because the incremental credit-deposit ratio this year has fallen to 49% from 130%, seen a year ago. Banks which were forcedto raise a large chunk of funds a year ago through bulk deposits are able to renew liabilities at a lesser rate, with a clear differential of 200 basis points.”

Mr Sinor pointed out this will clearly give banks the leeway to make fresh lending at lower rates. This follows a statement from the Union finance minister a few days ago, expressing concern on the slowdown in the growth in consumer durables and mortgage loans. The IBA managing committee meeting was attended by the heads of 18 banks, of the total 31 member banks.

Bank chairmen who attended the meeting have told the IBA that they will review the rate structure in the forthcoming meetings of their respective asset and liability committees (over the next week to 10 days). So far, State Bank of India, Canara Bank and Axis Bank have lowered their prime lending rates while Bank of Maharashtra has cut rates on home loans and consumer durable loans.

Walton Street of US will invest Rs 1000 crore in realty

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 united 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.WSC managing director Sourav Goswami told that The fund is in talks with three Indian developers for the residual investments, which is expected in next couple of months.Previous year, the $13 billion Chicago-based WSC invested about Rs 800 crore in a number of SPVs, including 20 percent 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 this, which in turn will help the infrastructure and real estate sectors.Foreign and domestic funds poured $6.8 billion in the real estate and infrastructure sector last year, compared with about $3.5 billion in the previous year. A booming housing sector and surging demand for commercial property has companies guzzling equity and sometimes even debt money provided by the funds.

The US-based global fund has received equity commitments of $3.5 billion from public and corporate pension funds, foreign institutions, insurance companies and banks, endowments and foundations, trusts and high net worth individuals. It has committed to invest in 162 deals in the global real estate, including the development and acquisition of office, hotel, retail, industrial, multi-family, for-sale residential, senior and student housing, and golf assets.through both individual, portfolio and company-level transactions with a gross asset cost of $14 billion.
The year 2007 was the banner year for Indian real estate with estimates of over $5 billion of foreign funds flowing into projects. Another theme for the year was public offerings. With DLF listing, which energised the market, several developers proceeded to go public in India, creating a robust market for retail investors, said industry analysts. “

The picture has never been murkier in 2008. With fears of a looming US recession putting the brakes on worldwide growth and its resulting liquidity, a jerky market seems to be ahead. For fund managers, some will view the confusion as a hint to restrain investing in historically unstable emerging markets. Mr. Goswami told that others will view it as an opportunity to deploy equity into Indian markets which is still optimistic. WSC, in joint venture with Shriram Properties and Starwood Capital Group, is developing a Rs 5,000 crore incorporated township in Kolkata.

Real Estate in Bombay Stock Exchange

Power, real estate, capital goods and oil and gas indices gained over 7 per cent each and led the Sensex rally on Thursday.

The Bombay Stock Exchange’s Sensex recorded the 3rd highest single-day gain of 817.49 points for the duration of the current calendar year, taking the index from 16,949.14 on Wednesday to 17,766.63 points on Thursday.

The power index was the top gainer in percentage terms, appreciating by 8.14 % in a single day. Power Finance Corporation was the top gainer, up by 22.5 % from Rs 150.80 to Rs 184.75 on BSE.

Neyveli Lignite (13.13 %), BHEL (12.63 %), GMR Infrastructure (12.42 %) and Crompton Greaves (10 %) were among the chief gainers, rising by more than 10 % each.

The realty index, which was the 2nd biggest gainer, appreciated by 7.58 % to 10,143.55 (9,428.89).

Unitech, Indiabulls Real Estate, Omaxe and Mahindra Lifespace achieved over 8 % each on BSE. DLF, which won the heading sponsorship rights for the Indian Premier League (IPL), gained 6.12 % to close at Rs 864.85 (Rs 815).

Developers shrug off REIT plans, looking out of the country

MUMBAI – Property developers are expected to turn overseas to list Real Estate Investment Trusts (REITs) as proposed local rules favour funds and small investors rather than real estate companies, officials said.
Developers are hoping to recover costs by selling properties to REITs in which they hold a controlling stake. However, draft rules, which restrict ownership by a single entity, may prompt them to list REITs elsewhere.
“We can sell our developments to Indian REITs. But we will still be floating them in countries that favour developer REITs.” Ramesh Sanka, chief financial officer at India’s largest real estate developer DLF, said.
“The protection mechanism (in India) essentially makes it a product for funds and investors and not developers,” said Sanka.
A REIT is a property investment trust that raises money from investors by listing on exchanges and uses the funds to buy out investments from a developer. It then leases out the property, using the rental income to pay dividend.
DLF and rivals Unitech and Indiabulls Real Estate are among a clutch of developers looking to Singapore for a REIT listing. DLF wants to raise $1.5 billion, Indiabulls $1 billion and Unitech $600 million, bankers have said.
R. Nagaraju, general manager, corporate planning, Unitech, told that Valuations in the international market are better. Funds are also better developed (abroad) and yields lower.
It is told by the one of the analyst that India does not yet allow REITs, but draft norms are in place. The move will increase transparency in the fragmented sector but developers need to be made direct stakeholders.

Farallon, LNM Will Invest Rs 1,580 crore

Indiabulls Real Estate has entered into an agreement with FIM and LNM India Internet Ventures, who will mutually invest Rs 1,580 crore. FIM is a foreign venture capital investor managed by Farallon Capital Management LLC and LNM India Internet Ventures is an investment body of LN Mittal group.

The investment will be by way of subscription to equity shares at Rs 66.67 per share in Sophia Power Company, an unlisted subsidiary of Indiabulls Real Estate engaged in the power sector, for a collective of 37.5 % of its post issue capital. FIM will invest Rs 987.50 crore for 23.4 % post issue stake and LNM India Internet Ventures invest Rs 592.50 crore for 14.1 % stake in Sophia Power.

Indiabulls Real Estate has invested Rs 395 crore at Rs 10 per share, and will hold 62.5 % of the post issue capital of Sophia Power. The company has also invested Rs 197.50 crore by subscribing to equity shares of Indiabulls Power Services, another unlisted subsidiary engaged in the power sector. The stakeholders propose merging Indiabulls Power Services into Sophia Power, with Indiabulls Real Estate holding 71.4 % in the merged company, with 17.9 % held by FIM and balance 10.7 % by LNM India Internet Ventures.

NRIs Ride High On Stocks and Real Estate

Indian Stock Market and Real Estate sector is attracting NRI attention in a huge way. Non-resident Indians are more and more tending towards investment in these two sectors. This is primarily due to the fact that India is growing at a faster pace than other countries and the equity market has outperformed those of developed nations.

NRIs know the potential of investments in India very well but find it difficult to execute a comprehensive plan. Most green card holders have not capitalized on the Indian growth story because of their poor evaluation of the market. NRIs rarely find time from their hectic professional life, they lack proper advice or find handling and monitoring investment transactions inconvenient, says Anand KS of Nile Financial Planners.

Another point of concern felt by NRIs is the transparency level on charges in various trading sites and other investment options. Remember to ask for details regarding time horizon of investment, risk and return before starting off and opening accounts.

To invest on a repatriable basis, the person must have an NRI or FCNR bank account in India. In this case, the net income or capital gains after tax is eligible for repatriation subject to regulatory guidelines. In the case of investment on a non-repatriation basis, only the net income the dividend arising out of investment is eligible for repatriation.

Indian construction sector outlook positive for 2007-08 – Fitch

MUMBAI – Fitch Ratings said it sees the outlook for the Indian construction sector in 2007-08 as positive, boosted by increased investment in infrastructure projects and real estate.

The ratings agency noted that while Indian construction companies have witnessed sharp growth in their order books and revenue with the increase in investment projected over the next five years, the majority of the profit in terms of revenue and earnings will start accumulating from fiscal year 2009.

Fitch also said it imagines that the industry to exhibit negative cash flow from operations due to increased working capital requirements. Substantial investments in real estate will also put pressure on the industry credit profile, it added.

The ratings agency warned that credit profiles are likely to deteriorate, with increased debt required during the mobilisation phase to complete the massive projects but will get better substantially over the long-term once these projects achieve the stable revenue phase.

Real Estate Leads Indian Economy

Progress in the Indian real estate sector represent the shifting appearance of nation and it is a mirror image of the growth in the Indian economy brought about by soaring rates of GDP and also by India’s incorporation with the worldwide economy, said K. Nath, Union Minister of Commerce and Industry. He was giving speech at the “National Convention ‘NATCON 2008’: Real Estate for each and every one” organized by the Confederation of Real Estate Developer’s Association of India. He also declared that in the current years, service sector, real estate sector in particular, has been the key driving force of Indian economy’s growth.

“With the economy on an upswing, the emphasis and prerequisite these days is on creating international standard infrastructure and residential real estate to carry on the growth rate projected in the 11th Five Year Plan. The real estate sector in India has the capability to deal with growth by itself without straining Government resources,” he stated. A number of worldwide players have entered the Indian market and many more have given away interest. Growth and investment have also produced chances for investment in real estate sector, he said.

“While the responsibility of the Government is expected to be primarily as a launch pad to the development process, the private sector participation is aimed at bringing technical and managerial expertise in delivering good quality mass housing projects. It is a good symbol that many State governments are joining hands with private entrepreneurs in resolving the sensitive shortage of residential real estate in urban areas. The private sector and Government has to work in tandem towards a common goal.

Hyderabad, an investors’ choice in Indian Real Estate

Hyderabad is among the foremost choices for community who wish to invest in Indian Real Estate. Hyderabad is a place with a soaring economic growth, outstanding architecture, great infrastructure, and a flourishing Real Estate and construction industry.A lot of the property is at a standstill in the form of plans on paper but already the sale and purchase of these properties is a fine business. There are various properties that have already been visited by many owners despite the fact that construction has not even started. People are making money from property in Hyderabad basically with just land and nothing on it.Real Estate has perhaps made more millionaires as compared to other industries in Hyderabad. Real Estate Investing also presents many rewards including cash flow, security, long-term wealth and a number of tax benefits.

Real Estate Investing is something that anyone can learn and prosper at despite of age, gender, religion, race, education or current profession. You can begin with nearly no start up costs, and work this business from your home full-time or part-time.

There are no licenses required to invest in Real Estate, in fact you may have previously done so by purchasing a home! Real estate presents a practically nonstop supply of properties. There are millions of properties in the market, and thousands more become available each day, all over the country and especially in Hyderabad.

As a Real Estate Investor at this time you have choices like never seen before. Some Real Estate Investors are talented enough to purchase properties of Hyderabad for less amount than what some current owners originally paid and many Real Estate Investors are purchasing more properties at this time. Also, Real Estate Investors are able to spend even less money on homes that need some type of reconstruction.