Wednesday, August 22, 2007

Indian property builders targeting NRIs

LOS ANGELES, CA: Imagine this, you are thousands of miles away from India. But with just a click of the button on your computer, you can own a property in a posh neighborhood in an Indian city at a reasonable price without ever stepping foot on the property. Well, you don’t have to imagine it anymore, thanks to KRC Horizon Real Estate.

The company specializes not only in providing residential real estate for Indians living outside of India, but also, in building a platform for international investors and property developers to come together. Just this past weekend, KR Capital Management, LLC (USA) and the company owned subsidiary KR RealTech Consultants PVT LTD (India), along with its Media Partner India Post, held its 2nd Horizon Real Estate Expo of the year in Los Angeles.

"The turn-out during our April Expo was pretty good; that encouraged us to have another expo in California," mentioned Honey Manchanda the Event Organizer, and wife of Pankaj Manchanda, the CEO of KR Capital Management, LLC. Together the husband and wife team brought builders and loan-providing banks to the Indian-Americans to allow them to gain more information about investment opportunities in India.

"It is a buyer’s market in India right now," stated Pankaj Manchanda, "the interest rates are so high that the local population refuses to buy, forcing the property owners to sell at a price demanded by the buyer." Although many predict that the Indian Real Estate market is going through a bubble waiting to burst, bringing the prices to rock-bottom, Manchanda believes it would be quite the contrary. "In a few months, banks will be lowering their interest rates.

The second the interest rate goes down by even a point, real estate will be selling by the seller’s price." Some of the most prominent property builders of India such as Hiranandani and Parsvnath were at hand, explaining the ins-and-outs of the property. Although, most of the builders were offering properties especially for the Non-Resident Indians (NRIs), most of the projects they had at hand were nearly sold out. ICICI bank’s Uma Shankar was also at the Expo describing the entire process of how easy it is for an NRI to own a property in India.

"In the past, owning a home in India was quite difficult, plus, it was a lengthy process. But now, an NRI with an income of US $30,000 or more can own a home with a simple application form," explained Shankar. KR Capital Management LLC is committed to providing a safe and comfortable environment for the buyers, "our goal is to bring the buyers directly to the developers and builders, eliminating the 3rd party in between which could be a cause for hesitation for many buyers," said Manchanda.

The next event KR Capital Management LLC holds will be an exclusive event. The parties who expressed serious interest in purchasing properties in India will be invited to have an in-depth conversation with the builders and developers. For more information about the Expo, you may visit the website at

Tuesday, August 21, 2007

Changing Face of Real Estate Agent

Securing a place in good books of public is no less than an uphill climb for any real estate agent in India. Unlike earlier times, people today respect agents only if they possess in depth knowledge of business and have skills to handle both simple to complex transactions. This is why the brokers are pouring in large money to acquire the tools required for large publicity

Securing a place in good books of public is no less than an uphill climb for any real estate agent in India. Apart from this, the clients generally look at them as necessary evil. The country eliminates the need for these agents to hold any specialization or professional qualifications. So, the field has caught eye of many people with unemployable talent who naturally drifted in and ‘colored the water’.

Unlike earlier times, people today respect agents only if they possess in depth knowledge of business and have skills to handle both simple to complex transactions. This is why the brokers are pouring in large money to acquire the tools required for large publicity. They are facilitating the online prospects – advertising on property portals and gaining the media coverage which clearly underlines the changing face of real estate brokers.

Real estate agents also require staying in step with the increasing demand for properties in India. Today, the client does not only see the prospective property but also expect the agent to be well informed and capable of rendering valid information about the surrounding areas. Therefore, preparedness should be of chief importance for property broker or agent.

Knowledge of a few legal subjects will be of great help for real estate agent especially while dealing with Non Resident Indians (NRIs), Person of Indian Origin (PIOs), and foreigners. Finally yet importantly, the clients expect good after sales service. This helps the real estate agents to build trust.

Following in footsteps of the property brokers are real estate consultants who have also geared themselves to more like transformations in the market place.

Re-Positioning 2007

Suddenly, there is a new global tidal wave of change all over the Asian region, the obvious signs are people on the move, new developments and properties popping up all over the region and a nouvo-consumerism is appearing at every corner, customers are buying shiny and wonderful things with beautiful packaging and companies are addressing their hunger with massive blitzes. Unseen by the masses but clearly visible to global circumnavigators, a new storm is building, wiser and well seasoned, like homing pigeons, immigrants are returning to their homelands…soon it will cut a clear path.

Global Re-Immigration

Currently, there are far more opportunities mushrooming for Asians, plus the quality of life can be far greater and more economical than what's being offered in most foreign lands. During and following WWII, in search of paradise, these immigrants originally came to the West seeking freedom, opportunities and a higher quality of life. These western societies certainly did offer all that and more. Not any longer.

The West is tangled up in problems. In the US alone, tension between Republicans and democrats demonstrate that they are not simply opposing parties, rather they are arch enemies whose ideological divide has created a deadlocked and stagnant society which would be hard to imagine a decade ago. The war issues are almost like an internal US civil war of ideologies.

There is also this new issue of constant daily harassment and unjustified racial profiling all over the West, targeting each and every individual with a slight difference in skin tone, accent or culture. This has fueled the mega-movement further. The so-called 'clash of civilization' as some would like to see happen, has contributed largely to this now unstoppable movement.
Almost every Muslim and most Asians are being targeted. Today in America, children are worried about their old parents being embarrassed and humiliated for being Muslim, non-white or slightly different, while the same parents worried about the future of their young children and wonder how they will ever find a promising future in such a suspicious environment. West is no longer tolerant or accommodating anything that is Muslim in origin or tradition, period. The trillion dollar Iraq war and the outcome of 9-11 have created a mega shift in attitudes. All this is adding nothing but fire to the re-location movements.
The grassroots level ethnicity, which provided innovative colors, different languages and foreign accents, are leaving the backroom engines slowly and steadily. There is already a shortage of a highly qualified force at very economical rate all over the western economies. Immigrants knew then very well when to move in and they know now when to get out.

Currently there are all kinds of research and studies showing steady decline in population in the west and for the first time, there are clear indicators that American youth will be looking towards Asia for greater opportunities and potentials, unlike their parents who were on the path of glory from the start.

Global Image Re-positioning

In order to shift perceptions en masse, it requires mega shifts of options at the ground level. The world's latest and most advanced grand and luxurious shopping malls are erupting by the thousands in the East. India alone has a middle class larger than the entire population of USA. The land of the 'fakirs and the snake charmers' have an uncontrollable nouvo-consumerism,
ready to devour anything that shines. The powerhouse image maker of the past, Hollywood is simply now old and exhausted, while Bollywood is in a $4 billion dollar-per-year frenzy. Paris the heart and soul of fashion is for the passé, as there are some 100 new fashion centers that have arisen mostly in Asia. The East is not only replacing formerly western dominated industries, they are adjusting for the latest innovation and technology resulting in far superior and dazzling ideas.

The sunshine days for Eastern iconization are here, corporate image and brand name identities that were only using Western standards are now shifting in a big way to the East. Studies have clearly shown Asia to be the driving force behind branded goods; way over Europe and USA, obviously the wealthy population is far bigger than the west. The movement for creating local Asian brands is picking up heat, using latest tools of the trade and the software that is capable of spinning colors and dazzling graphics that would dwarf any top agency in New York or London . The issues of cyber-branding and corporate images are becoming very real - demanding cutting edge knowledge and very superior sets of skills.

Amidst all this activity - is the Dubai phenomena. A fine example of what a single city can do in less than 10 years.
Inspired by this great experiment there are now some 100 cities in the Middle East, India and China all poised to embrace the Dubai model of rapid growth and re-deployment of government services to attract business and opportunities. There are clear indicators that such attempts will be equally successful in most such anxious cities. Just like the earlier rapid urbanization of the US following World War II, where hundreds of cities simultaneously sprouted throughout the landscape.

A few years ago, India adopted and proved the outsourcing model, making the biggest IThole in the US and becoming the global centre of software to the world. China became the world's largest factory, and the Middle East is on its way to becoming the region full of luxury buyers via hundreds of world-class luxury centers of providing new standards and new benchmarks in
modern living. All this combined creates a new, Eastern-oriented, mental shift to image and branding.

Global Hyper-Acceleration

While it took a century to brand the Eiffel tower, Coke, Disney or Benz, recreating similar icons in Asia would now take a fraction of that time. One of the main reasons being, the speed at which all interaction and information now flows in this hyper-technologically driven society.

Here, it's micro-miniaturization yielding premium prices. A corporate society with compulsive innovations that continuously creates smallest things for large and deep pockets. This acceleration will further mount to frenzy and will become its own revolution when a billion plus cyber-entrepreneurial-warriors hit the e-commerce highways.

Mega Re-Housing Shifts

There is an extraordinary real estate boom, all over Asia, from major cities to unheard of villages. Prices have been continuously doubling and continue to double, with no conceivable end. The re-immigration of highly experienced and qualified people returning home with liquid cash and business ideas led to explosive development in real estate. The approximately one
million apartments being developed in Dubai and UAE alone, is a solid indication of the global desire to explore these regions as long term promises of a newer, modern and higher standard of living. The wheels have started to grind and the machine is on. This region already has billions of their own to manage plus millions coming in with cash and ideas to relocate to the East. With over 100 monumental structures under way, it is only a matter of time before Westerners become well versed with the names and locations of these massive new developments

Winner and Losers

The business communities in the west will have to adjust to the HR gaps, lack of knowledge base and cost effective work force with international reach, while the business in Asia is already marching to a very dynamic tune. When the dust finally settles on this anti-Muslim and anti-ethnic chase in the west, a decade would have passed, and the global adjustment would have taken a stronghold.

The West is very comfortable with this current outbound movement as it supposedly makes them safer. Depending on one's location and destination, the final winners are the youth of Asia for possessing and controlling such extraordinary growth options in an endless variety, that is unmatched by any other region in the world.

Naseem Javed, author of Naming for Power, founder of ABC Namebank of New York and Toronto , is recognized as a world authority on corporate image and global cyber-branding. Naseem is also invited all over the world to lecture. He spoke recently at Cityscape 2006 Dubai the world's largest real estate event.

Monday, August 13, 2007

NRIs favour real estate over stocks

When the Indian government in a tie-up with the Confederation of Indian Industry (CII) launched the Overseas Indian Facilitation Centre (OIFC) a little while back, it had probably not bargained for the nature of the response it got.

If OIFC Chief Executive Harish Kirpal of the CII is to be believed, overseas Indians are flooding the OIFC�s mailboxes with investment related queries and not complaints or distress calls.

Well, one could argue that the primary objective of the centre was to lead Indian diaspora up the investment avenue, but one would certainly not have expected real estate to be the area of greatest interest. At least, not one in which NRIs would want OIFC help. But that�s exactly what�s happened.

�We are getting a lot of queries from overseas Indians about investing in property in India,� Kirpal was quoted by The Times of India as having said recently.

OIFC, a one-stop shop to help overseas Indians invest in India, was launched by the Ministry of Overseas Indian Affairs (MOIA) on May 28. The CII is the private sector partner and host institution of this not-for-profit trust.

Speaking about the response received by the centre since it was launched, Kirpal said going by the initial trend, real estate tops the list in terms of interest shown by overseas Indians while stock market investments come second.

With the surging demand for investment in real estate from domestic and overseas investors, real estate investment trusts when operational in India would enable a larger number of players to participate in investment grade buildings. These are currently worth $ 83 bn in India.

Currently, Indian REITs are entering the Singapore market. Ascendas India, the Business Park developer has already applied to the Monetary Authority of Singapore to raise $357m to invest in integrated real estate projects in India.

DLF and Unitech are also deliberating on this option. While Unitech is going in for an overseas listing, DLF Assets has kept its options open for an Indian listing if the trusts are allowed to operate in the next 12 months.

Bangalore�s Real Estate Bank International (REBI) has ambitious plans to reach out to overseas markets with an investment of Rs. 250 m, reports NRI Realty News.

Offices in Sri Lanka, US, UAE, Singapore, Malaysia and Australia will enable real estate services to reach out to non-resident Indians, while REBI�s domestic network will be expanded to 3000 franchises over the next three years.

Pearl Global is also venturing into real estate, as it ties up with Ansal Properties to develop 9.26 acres of commercial land in Gurgaon.

Earlier this month, the Bhoruka Group from Bangalore announced its intention to diversify from its existing power generation business to develop a premium residential project in south Mumbai. The defunct Mukesh Textile Mill property, covering 10 acres will be the site of the new project. The company will also construct an IT Park on 34 acres in Whitefield, Bangalore.

Kolkata based Bengal Shrachi Housing Development in a joint venture with two NRIs has announced the launch of a housing complex, Rosedale Garden, specially designed for non-resident Indians (NRIs). Tapping the desire for fully furnished ready-to-move in apartments for NRIs, the joint venture has invested Rs3bn in this mega project.

Premier realty firm Parsvnath Developers Ltd is set to develop their existing land bank over the next five years by investing over $4 bn. Launching over 100 real estate projects in all its segments, they aim at developing their saleable land bank of 153m sq feet.

They have six projects lined up for Delhi metro as well. Speaking in terms of growth, the company had reported a profit of Rs 2.92 bn in the financial year 2006-07 at an annual growth rate of 110 per cent.

The real estate sector has recorded commendable profit margins, evident from the profits posted by major real estate developing giants in the first quarter. The first quarter was beneficial for almost all real estate developers. Parsvnath Developers posted a record net profit of 179.56 per cent at Rs 1.02 bn against its previous Rs 365.5 m.

Unitech on the other hand has been registering a consistent growth of 8.6 per cent for the last four years. Ansal Properties and Infrastructure Ltd. (Ansal API) reported a net profit of 16 per cent.

Indian realty is growing at 30 per cent, particularly in Tier II and Tier III cities. The $15 bn realty market is expected to reach $ 90 bn within the next eight years. Chandigarh, Gurgaon, Vizag, Coimbatore, Kochi, Jaipur and Nagpur are some Tier II cities witnessing unprecedented boom.

Research has it that realty can give an average return of eight per cent. Realty prices are doubling in some Tier I cities like Bombay, Chennai, Bangalore etc. Residential prices have gone over Rs 5,000 per sq feet and commercial prices are over Rs 10,000 in Tier I cities.

Wednesday, August 1, 2007

உயர உயர!

Barun Roy: Up, up, and away


Barun Roy / New Delh August 02, 2007

Taipei 101, Incheon, Lotte, Burj Dubai ... the mania to build taller buildings is getting stronger.

It won’t be finished before next year, but Burj Dubai is already 1,680 ft high (141 floors), nudging out Taipei 101 (1,666 ft) as the world’s tallest building. It looks like it’s going to remain ensconced in that position for some time, and the Koreans are surely biting their nails.

At its full height — 2,296 ft, 161 floors — Burj Dubai will dwarf the 1,902 ft International Business Centre in Seoul, also scheduled for completion next year, and three other upcoming Korean giants: Incheon Tower (likely 2,012 ft), Lotte Super Tower (1,820 ft) and Lotte World II (1,680 ft).

But Burj Dubai, a $1.4 billion hotel-office-penthouse apartment complex being developed by Dubai’s Emaar Properties, may not remain crowned for too long. There’s Al Burj coming up 25 miles away on the Dubai waterfront, and although its promoters, Nakheel, have hinted they won’t build higher than Burj Dubai, who knows? Its actual height remains a secret, but rumours said earlier the developers were aiming at a tower 200 floors high, with completion set for 2010. And Kuwait City proposes to build a tower, called Burj Mubarak al-Kabir, rising to a staggering height of 3,284 ft and spanning all of 250 floors.

The Burj mania shows no sign of abating and won’t, as long it remains a question of brand pride for nations as they become affluent. South Koreans didn’t like being stung by Taipei 101 and seem to be building with a vengeance. The Incheon Tower — actually two towers shaped like upright knife cutters and linked by three sky bridges at various levels — will comprise 151 floors and rise above a $25 billion manmade island, called New Songdo City, that the Koreans are building as a free economic zone next to the new Incheon International Airport. Lotte Super Tower will rise 112 floors above Lotte’s huge retail and entertainment complex in Seoul. Lotte World II will be a mixed-use facility, 107 floors tall, in Busan, Korea’s bustling economic hub to the south that’s now linked with Seoul by bullet trains.

China isn’t falling behind either. This September, the much-awaited Shanghai World Financial Centre in Pudong will be fully ready for business. Promoted by the Japanese real estate tycoon Minoru Mori, this 1,614 ft, 101-floor facility would have been an early contender for the World’s Tallest title had the project not been delayed by his group’s serious cash-flow problems in the late 1990s. The $1.1 billion building stands next to another super tall tower, the Jin Mao, which even two years ago was the fifth tallest in the world.

There are plans for a 150-storey financial centre in Chongqing, a likely 140-storey tower in Beijing’s city centre, and a 108-storey tower in Nanjing to be called the ‘Hand of Peace.’ In Hong Kong, Union Square Phase 7, the 1,555 ft Mass Transit Railway tower comprising 108 office and residential floors, will be ready by 2010. One architectural firm alone — Skidmore, Owings & Merrill, the designers of Burj Dubai as well as the Freedom Tower in New York City that will replace the former World Trade Centre twin towers destroyed in the September 11, 2001 terror attack — is building more than 15 super tall skyscrapers in China.

Will India be the next to be caught in the frenzy of super tall construction? That’s what many people believe since there seems to be a connection between building high and rising affluence levels of a nation’s economy. But maybe one needs to pause and ponder. It isn’t really necessary to build big to impress, as the man who started it all in Asia says.

It was I M Pei’s 1989 Bank of China Tower in Hong Kong’s Central district, a stunning 72-storey structure of glass and steel, that set bells ringing across the region and was quickly followed by such super talls as the Central Plaza in Hong Kong, the CITIC Plaza in Guangzhou, the Jin Mao in Shanghai and the Petronas Twin Towers in Kuala Lumpur.

The 90-year-old Chinese American, one of the world’s most respected architects, believes it’s the vision behind a building and the concept behind its execution that matter most and determine its greatness. Currently under construction in New York City is a 17-storey condominium he has designed that looks like a gentle “cascade of stones.” And opening later this year in Doha, Qatar, is a Museum of Islamic Art, where Pei has reduced form to its simplest nature, creating a majestic pile of geometric shapes highlighted by the sun. Fatehpur Sikri was one of the places Pei had visited before he finalised his design.

The point he makes is particularly relevant for countries like India where urban architecture has little meaning. It’s necessary to create first a wide spread of beautiful small buildings where skyscrapers won’t look like misplaced, ill-conceived monstrosities.

தகவல் Introduces Path Breaking Online Concepts for the Indian Real Estate Industry and Expands Its Online Real Estate Services to Major Metros in India


Launch of a Real Estate Networking Platform,


Looking for a site to help you with property ?

Delhi Today - /Delhi/ - India, India, 30 /05/2006 -……Single Property Sites is announcing a new Marketing System as a feature of it’s listing tool to provide Realtors with a capability to engage and build relationships in the growing marketplace.

“Real estate professionals will need to find new ways to provide value to sellers and buyers alike to continue growing their business. It would seem that having a service that allows direct marketing to sellers as a means of getting them to consider a full service offering is a good step in that direction” said Sudip Guin, Publisher of Real Estate and Property Magazine. offering buy-sell, renting properties, includes Developers, Brokers, Individuals and allied service providers listing for users. It provides separate platforms to Developers and Brokers, individuals to list their properties for user and interact with them directly. today announced a new marketing system for Realtors as a significant upgrade to its popular system. The enhancement allows Realtors to use their Property Site to build relationships with sellers by creating a complete Property Site for the seller’s property for as low listing per month.

"After a period of financial difficulty, people often find themselves with income, savings for a down payment, but poor credit because of their past. When they apply for a mortgage loan they are turned down. We are able to help people in that situation get a home they can afford and move in almost immediately," said Mr.Mahajan. The CEO of The Company.

Business success comes through finding a need and filling it. Mr. Mahajan evaluated the real estate market and discovered that there are potential buyers who could not qualify for traditional financing. He also found that there are many potential investors who are intimidated by their lack of experience but know the rewards of real estate investing are high.

It allows Realtors to make a genuine offer of professional help to building a relationship.Onlineghar is an independent company that provides innovative listing tools and marketing solutions for the real estate community.

Author : Lalit Singh For listings of real estate auctions, please visit (India Property Portal) -India Property


ஒரு பக்கம் ஏறுது இன்னொரு பக்கம் இறங்குது!

நேற்று ஒருவருக்கு இடம் காண்பிக்க வேண்டியிருந்தது.

அவர் வெளிநாட்டில் வாழும் இந்தியர் என்பதால் மிகவும் நொந்து கூறியதாவது ,

இந்த டாலர் விலை இறங்கிக்கொண்டே இருக்கிறது ஆனால் சென்னையில் நிலத்தோட மதிப்பு கூடிக்கொண்டே போகிறது!. நான் எப்படி இடம் வாங்கி போடறது?....

நியாயமான கேள்வி!