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#flats for sale in chennai for 10 lakhs
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800 Sqft 2 BHK Flat Sale in Koyambedu
800 Sqft 2 BHK Flat Sale in Koyambedu PROPERTY ID NO 1043 Owner Sale Property 800 Sqft 2 BHK Flat Sale in Koyambedu Built-up Area 800 Sqft UDS 372 Sqft 2 BHK Located at Backside of Omni Koyambedu bus stand RESIDENTIAL FLAT Flat No G1 Total G+3 Floors This Flat is on the Ground Floor on A block North Facing A block 10 flats B Block 8 Flats 24 Feet Road Lift Available 2019 construction No car parking only two wheeler parking Nearby 2 Minutes Walkable Distance to Koyambedu Bus Stand 2 Minutes Walkable Distance to Metro Station. (old price Rs 60 Lakhs)   New Reduced Price: 57.50 […] https://chennaipropertysale.com/wp-content/uploads/2022/06/800-Sqft-2-BHK-Flat-Sale-in-Koyambedu-chennai-bank-auction-property-1-1.jpg More Details Photos pls visit this link👇 https://chennaipropertysale.com/flat-sale-in-koyambedu/ #FLAT, #KOYAMBEDU
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synmacconsultants · 1 year
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ITR For Consultants
What is ITR?
Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. Information filed in ITR should pertain to a particular financial year, i.e. starting on 1st April and ending on 31st March of the next year.
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Company Registration in Chennai
Chennai-1 Corporate office Asirvadham Apartment,No. 12, Flat No. 12A, Puliyar 2nd Main Road, 1st Lane, Trust Puram, Kodambakkam, Chennai - 600 024 Chennai-2 Address #56/80, Medavakkam Main Road, Keelkattalai, Chennai - 600 117. Landmark : Opp to Andhra Bank New Delhi Address B44,Birbal Road, Lajpat Nagar II, Lajpat Nagar, New Delhi, Delhi 110024 Bangalore Address No. 117/1, First Floor, 2nd Main Road, Shesadripuram, Bangalore – 560020 Landmark : Near Mantri mall Metro station Copyright © 2016 All rights Reserved;
Is it mandatory to file Income Tax Return?
As per the tax laws laid down in India, it is compulsory to file your income tax returns if your income is more than the basic exemption limit. The income tax rate is pre-decided for taxpayers. A delay in filing returns will not only attract late filing fees but also hamper your chances of getting a loan or a visa for travel purposes.
Who should file Income Tax Returns?
According to the Income Tax Act, income tax has to be paid only by individuals or businesses who fall within certain income brackets. Mentioned below are entities or businesses that are required to compulsorily file their ITRs in India:
All individuals, up to the age of 59, whose total income for a financial year exceeds Rs 2.5 lakh. For senior citizens (aged 60–79), the limit increases to Rs. 3 lakh and for super senior citizens (aged 80 and above) the limit is Rs. 5 lakhs. It is important to note that the income amount should be calculated before factoring in the deductions allowed under Sections 80C to 80U and other exemptions under section 10.
All registered companies that generate income, regardless of whether they’ve made any profit or not through the year.
Those who wish to claim a refund on the excess tax deducted/income tax they’ve paid.
Individuals who have assets or financial interest entities that are located outside India.
Foreign companies that enjoy treaty benefits on transactions made in India.
NRIs who earn or accrue more than Rs. 2.5 lakh in India in a single financial year.
Income can be of various forms such as :
Income from salary
Profits and gains from business and profession
Income from house property
Income from capital gains
Income from other sources such as dividend, interest on deposits, royalty income, winning on lottery, etc.
The Income Tax Department has prescribed 7 types of ITR forms — ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and applicability of the form will depend on the nature and amount of income and the type of taxpayer.
For more Information kindly contact synmac consultant private limited we always happy to assist you click the below link For information**👇**https://synmac.in/contact-us.php
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vivahousing · 1 year
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A Guide for First-Time Homebuyers
Buying a property, especially an apartment, is no big joke, but it is an important decision that needs to be made as it requires careful consideration and preparation. It is indeed one of the most important investments and commitments, one that is crucial and serves as a lifetime commitment. And every part of buying an apartment or flat is a significant journey that has to be considered, right from choosing location, price, amenities, conveyances, and other important factors.
The first and foremost thing to focus on is the builder’s reputation, because it is always important to be confident in the realtor from whom you are planning to buy a home. Try to get insights from past projects, testimonials, websites, etc. Try to go with reputed realtors like the most promising builders of South Chennai, Viva Housing, who have 2 bhk flats for sale in Chennai below 50 lakhs. 
When you buy an apartment in Chennai, the most important factor to check for is location. Make sure that the apartment you buy is under the government's planned project areas, and also consider conveyances like one provided by Viva Housing, which has 2 bhk apartments in Chennai and also has apartments for sale in prime locations of Chennai. 
The next thing to focus on is connectivity and conveyance. Just because the price is low and there are special offers, few tend to buy apartments or flats in the city outside, which cuts down their connectivity. When you are planning to buy an apartment, make sure that it is in one of the major locations, which provides connectivity to all the major conveyances and more. If you are considering buying 2 bhk flats for sale in Pammal, then you’ll find easy access to Meenambakkam Metro Station, which is just 10 minutes away, well-connected to Thuraipakkam, OMR, and ECR, and major tech industries like Tamarai Tech Park, ASV Suntech Park, Ascendas IT Park, and Futura Tech Park are much more.
Apart from these, the other factors to consider are RERA, future resale value in case you are planning to sell or rent out the property, amenities, and vastu.
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ezeehousing · 3 years
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Everything You Need To Know About Chennai’s OMR Before Buying Yourself a Property
OMR (Old Mahabalipuram Road) in Chennai also known as Rajiv Gandhi IT Expressway or simply IT Expressway has become the IT Hub of Chennai bustling with Office go-ers and many small businesses. It is the major road connecting Chennai with Mahabalipuram and Chengalpattu district. This area has become a home to many prestigious IT and BPO companies. Based on the development and growth of the OMR road, it was categorized into 2 major zones. Zone-1 is from Madhya Kailash to Sholinganallur and Zone-2 is from Sholinganallur to Kelambakkam. 
In recent years real estate in OMR has been developing and expanding rapidly. The property prices have also witnessed an appreciation about three times what they were in 2007. There are many available Properties For Sale in OMR. The growth of this region fuelled the real estate activity and made this place desirable for potential new homeowners.
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Top Reasons to invest in a property located at OMR
    1.INFRASTRUCTURE
The Infrastructure in OMR is well developed by the government by giving priority to sanitation, water supply, sewage lines. It has been organized in such a way as to ease the traffic congestion and increase greenery. These amazing developments have attracted massive builders to build residential apartments and Flats for sale in omr below 70lakhs
   2.PROXIMITY
OMR is the IT Hub of Chennai and almost all big companies have an office located at the OMR. One of the major advantages of living in the area is the proximity it has to the offices, schools, colleges, and recreational centres. Chennai Airport is 30 minutes drive from OMR. It connects to almost all major growing southern suburbs in Chennai. Accessibility to entertainment hubs from OMR is an additional enhancement to your living. 
There are many reputed schools in the OMR surrounding like
Padma Seshadri School
Gateway - The complete School
Delhi Public School
DAV CBSE School
Abacus Montessori School
There are also many reputed and highly qualified educational institutions like NIFT (National Institute of Fashion Technology), Asian College of Journalism, SSN College of Engineering, Hindustan College of Engineering, St Josephs College of Engineering, Sathyabama Deemed University, Jeppiar Engineering College. 
The entire stretch of OMR to Madhya Kailash has great connectivity to the main city. There are also various railway and bus services provided by the government around the area. 
  3.AMAZING RESIDENTIAL PROJECTS
To buy properties in Chennai is not an easy choice to make because of the exorbitant growing prices. To own a premium style apartment inside the city one has to settle themselves to spare at least a crore by minimum. Flats for sale in OMR below 70 lakhs is a great deal for people who don’t want to settle for an average apartment. Properties in OMR offers you the best at low-cost pricing without having to settle down on quality with amazing amenities. Imagine coming home from work after a long hard day and driving back to traffic and a pollution-free environment with serene landscapes and fresh air. Sounds dreamy right? OMR offers such scenic views. Also, ECR is not too far away from the area which also has breathtaking coast-line sights. 
   4.EXCELLENT INVESTMENT OPPORTUNITY
To Buy Properties in Chennai for investment has become a huge deal after the real estate boom that happened 15 years before. Due to its locality and infrastructure, it has become a great investment option for home buyers, multinational companies, real-estate developers, and investors. Within 5 years OMR has seen an appreciation of about 50% and a 21% hike in property value in the year 2014. According to real-estate experts, 1 acre of land in OMR costs around 7,40,00,000 in 2021. So, buying a property now in OMR will ensure that your property gets an immense appreciation in 5-10 years. Even if you are not planning on moving right away to OMR, it is an excellent investment opportunity. The demand for houses in OMR has gone up due to the rise in the number of IT/BPO and several small Companies around the region. A simple 2BHK Apartment could fetch you a rental income of about 18,000 - 20,000 a month. 
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   5.RECREATIONAL AND HANG-OUT SPOTS
Various recreational places are available in and around OMR that is remarkable. 
ISCON TEMPLE- This mesmerising place of worship is a quintessential monument to visit with your friends and family. The gorgeous architecture and the stunning interior design oozes charm and divinity when entered you enter the temple. It is opened to people of all castes and religions. The property is a stretch of 1.5 acres and has five floors of stunning architecture. 
DAKSHINA CHITRA- Dakshina Chitra is a live museum of arts, crafts, the lifestyle of south Indian states. It gives a closer insight into the villages of Kerala, Andhra Pradesh, Karnataka and Tamil Nadu. 
BOATING AT MUTTUKADU- The enchanting lake of Muttukadu checks all the boxes when it comes to a perfect evening out with your loved ones. It offers many recreational sports activities from windsurfing and water skiing to rowing and speedboat riding. If you are an adrenaline junkie, you can also opt for a spine-chilling water scooter ride! 
With such impressive recreational activities in and around OMR, and after getting insights about the pros of advantages of investing in OMR it is about time you consider this place for your next real estate investment. 
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Best Franchises to invest in 2021: Franchisebazar
What comes to one’s mind when we talk about franchise? For all of us as customers, franchisees of a certain brand look largely the same across the world. How does it become possible? The answer obviously lies in Franchising! When we talk about India, franchising is in its nascent stage but is growing exponentially with time and is finding more and more acceptance in the business world. Today approximately 600 franchisors are spread across the country in various industries ranging from education, retail, beauty & healthcare, interiors, professional services, fashion & apparel etc. In the Indian Franchising scenario, the education sector is leading with retail catching up. Most of the franchisors in India are new and small. Many Indian corporate houses are also showing interest in franchising which has resulted in newer and innovative ideas to introduce. Franchising is thus spreading across the country and hence providing opportunities to entrepreneurs everywhere.
Today, India is one of the top markets in the world for goods and services and there are tremendous opportunities. India is a diverse country having different cultures, languages and markets. Therefore most businesses do not have enough legal or business knowledge and experience to invest across states and cities in India. However, in franchising, the franchisors have the ability to work with the franchisors to become aware of the knowledge about local market conditions. Also franchise business is generally better advertised and branded and therefore gets easily established when compared to a traditional business model. In a franchising business model, the franchisor provides the franchisee with training and technical knowledge by the franchisor which prevents the chances of mistakes due to lack of training and experience. Today profitable and best franchising opportunities in India lie in sectors like courier and deliveries, salons, language schools, restaurants, food and beverages, pharmacy etc. Let's explore the Franchise opportunities one by one.
FranchiseBazar
It is estimated that there are over 10,000+ franchise opportunities in the organized format seeking Franchises across India. 1000’s of new businesses are transforming themselves into organized franchise businesses in India. Several global brands are also looking at appointing franchises in India. This means millions of entrepreneurs across all cities, towns and villages of India are going to buy new franchise business opportunities. Here is your opportunity to play a vital role in enabling new opportunities for the new India. Being the nation’s #1 Franchise Consultants network, undoubtedly they have been the pioneers of connecting clients to their desired brand or area of interest.
Space requirement : Less than 250 sq.
Investment required : 2 lakh - 5 lakh
Why FranchiseBazar as a franchise opportunity:
20+ years of Franchising Experience.
3000+ brands listed on their website.
100+ cities and towns of India covered extensively.
One stop shop for all types of franchise business.
100+ New business ideas and brands onboarded every month.
Exclusive sign up with brands who only work with them.
Dava Discount
It is a division of RAJNISH WELLNESS LIMITED already a BSE listed company, which is entering into an online pharmacy. Along with providing quality Branded Medicines at a flat 25% discounted price, customer satisfaction is the major social cause of our business.Due to the high cost of medicines, it has become impossible for some sections of the population to afford even normal medication which sometimes becomes fatal for patients. So, to avoid such a case Dava Discount provides all branded medicines at a flat 25% less on MRP. They continuously seek to expand their network and believe in providing the best price in the industry.
Industry - Pharma
Investment -10 lakh - 15 lakh
Outlets-15 + all across India
Why Dawa Discount as a franchise opportunity?
Low Investment & High Returns
Growth Opportunity
Corporate HR Assistance
Corporate Technical Support
Corporate Sale & Marketing Support
Voylla-Fashion jewelry
Incepted in 2013, Voylla is India’s largest fashion jewelry destination with robust online presence and an expansive retail footprint of 150+ Stores across India. Voylla has successfully introduced the concept of high quality, flawlessly crafted jewelry at affordable price points – a feat that remains unmatched in an increasingly busy segment. Voylla takes pride in its commitment to rare and traditional art, crafts and narratives, creating contemporary accessories for its discerning patron.Voylla the only brand with a versatile line of jewelry, perfect sartorial companions to every woman and man.
Industry: Fashion jewelry
Investment: 7.5 lakh to 20 lakh
Outlets : 120 + all across India
Why Voylla as a franchise opportunity?
An ISO Certified brand with in-house design and manufacturing capabilities
Top class product innovation with 1000+ new designs launch every season
Extraordinary training program to enhance customer experience and build customer loyalty
Strong operations support with in-house developed POS and CRM
National, regional and local marketing support
Fashion Jewelry & accessories are one of the fastest growing fashion categories
Antal international network
It is one of the leading global recruitment companies in the world .It is present in more than 35 countries in the world .Antal International has been around the globe for nearly 23 years now, incorporated and headquartered in London. With a global coverage across Europe, Russia, China, India, Africa, Japan and S. America, Antal is positioned to service the needs of global corporations with ease. Antal has rapidly grown across the globe, penetrating and having a major presence in all key talent markets, including strategically important developing markets, enabling us to become a leading global recruitment and search specialist in each of our specialised areas of expertise.
Investment required -10lakh and 20 lakh
Outlets- 130+ offices all across world
Why Antal International Network as a franchise opportunity?
130+ offices in 35 countries
800+ experts
28 years of experience in international recruitment consultancy
Global leaders in recruitment and Credible international brand
Investment required 10lakh and 20 lakh
Twinto
It was founded in the year 2016, is a start-up company providing cleaning services. Their company is based in Chennai and has its presence pan India. They have a vibrant workforce with 100+ trained employees and a dedicated Quality Team. They are the only company in this industry that not only has invented its own machine but also services the customers only using in-house tools. In no time, they have scaled up to 100+ trained employees and a dedicated quality team that believes in nothing but the best.
Investment: 5 Lakh- 10 lakh
Why Twinto as a franchise opportunity ?
Low investment
Unique business model
Training and support
Advanced machinery and equipment
Pepperfry
It is one of the largest online furniture and decor companies. It is a Mumbai based firm with 1.2 lakh products on their website. It is one of the largest Omnichannel footprint present in India and has 70+ studious in 28 cities. Now as per the COO and co-founder of Pepperfry Ashis Shah “ Pepperfry is expected to be in the unicorn club soon”.He said “ we are in the process of making change in the company structure .Hopefully we should be a billion dollar business very soon.Our IPO value will be in that range”. It is one of the best franchise opportunities in India.
Industry - Furniture Industry
Investment - 15 lakh - 40 lakh ( Depending on type of store)
Outlets - 70+ across India
Why Pepperfry as a franchise opportunity ?
Brand Led Marketing Promotions
Staff Training and Recruitment Assistance
Order Fulfilment, After Sales and Support by Brand
70+ Studios, 20+ Successful Franchisees.
Unparalleled Catalogue of 100,000 products
100% Price Parity with Online Business, No Channel Conflict
Zero Inventory Carrying.
Short Payback Period, Breakeven in Year 1
Soiltech
It is one of the leading Agri equipment manufacturing brands. The world-class quality of Soiltech farm equipment makes the brand farmers' first choice in India and abroad. Headquartered in India, the brand has an existence in over 100 other countries. With more than three decades of experience in manufacturing tradition and trading in the farming and agricultural industries, Soiltech has become synonymous with quality farm and agricultural equipment. It is also one of the best franchise with low investment in India.
Industry-Dealers and distributors
Investment- 10 lakh-15 lakh
Franchise fees - 50,000 - 1 lakh
Outlets - 150 + outlets across India
Why Soiltech as a franchise opportunity :
Low cost , High return
150+ outlets all across India
45 years of Industry experience
Tested business model
Technological advanced solution
Training and support
These are some of the top available franchise opportunities in India. So if you are seriously looking for a franchise business and are interested in any of the above mentioned brands or want to browse more about the same, you only need to visit Franchise Bazar’s website (www.franchisebazar.com). Franchise Bazar connects entrepreneurs with new business opportunities. It is a business supermarket of some of the finest and newest business opportunities available at your location based on their skills, investment levels, interest and experience. You can also connect with Franchise Bazar through their contact number +91 9844443200
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onlineandyou · 5 years
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Home sales declined 11%, new launches fell 47% in June quarter: PropTiger report
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PropTiger.com, part of Elara Technologies Pte Ltd, which also owns Housing.com, Makaan.com and FastFox.com, released the findings of its ‘Real Insight Report’ for the first quarter of the financial year 2019-20 (Q1FY20). According to the report, home sales in India’s nine major cities declined nearly 11% in Q1FY20 when compared to the same period last year. New launches nearly halved during the same period, falling 47% year-on-year.  Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com, Makaan.com, Fastfox.com said, “While we saw a decline in both sales and launches in Q1 FY20, the outlook is optimistic going forward. A stable government at the centre and a Union Budget that announced several favourable measures for the residential real estate sector are likely to act as catalysts. The budget has offered relief to homebuyers by increasing the tax deduction limit on the interest payable on home loans to Rs 3.50 lakh for affordable homes that should drive demand in that segment. Additionally, several banks have lowered interest rates after the RBI reduced the repo rate to a record low. We are confident that these measures are likely to stimulate home sales in the coming quarters.”  Sales decline in more than half the cities; Gurugram bucks trend When compared to 80,628 units in Q1 FY19, only 71,957 units were sold in Q1 FY20, a fall of nearly 11%. Home sales, however, increased in some cities, including Gurugram, Hyderabad, Kolkata and Pune. The sharpest increase in sales was seen in Millennium City Gurugram, where 4,951 units were sold in Q1 FY20 as against 3,737 units in Q1 FY19, showing an increase of 32%.  Interestingly, over half the units sold in Gurugram during the quarter, were priced within a Rs 25-lakh budget range and were for properties primarily lying on the city's peripheries. This is a remarkable change for a city known for its premium properties that carry a comparatively high price tag.  City Sales Q1 FY'19 Q1 FY'20 YoY Change Ahmedabad 5,268 3,362 -36% Bengaluru 10,219 8,431 -17% Chennai 4,683 4,574 -2% Gurugram 3,737 4,951 32% Hyderabad 5,665 6,204 10% Kolkata 3,156 3,481 10% Mumbai 26,222 22,652 -14% Noida 7,425 3,304 -56% Pune 14,253 14,998 5% Grand total 80,628 71,957 -11%  Launches fall as caution among developers continues As against 71,970 units in Q1 FY19, only 37,852 housing units were launched in Q1 FY20, resulting in a fall of 47%. Barring Gurugram where new launches more than doubled – from 2,588 units to 5,945 units – new launches fell across cities during this period. This was likely due to developers adopting a cautious stance in anticipation of the national election results that were announced only in May 2019. Tough liquidity conditions continue to force developers to keep their guards on and exercise caution with regard to new launches, which is a prudent approach in a difficult environment.  City Launches Q1 FY'19 Q1 FY'20 YoY Change Ahmedabad 7,499 824 -89% Bengaluru 8,750 5,169 -41% Chennai 3,502 2,374 -32% Gurugram 2,588 5,945 130% Hyderabad 5,499 2,416 -56% Kolkata 2,846 2,004 -30% Mumbai 22,761 8,757 -62% Noida 3,820 1,835 -52% Pune 14,705 8,528 -42% Grand total 71,970 37,852 -47% Developers’ burden seen lightening as inventory declines over 12%  The positive news during the quarter was the decline in existing housing stock, primarily on account of the sharp decline in new launches. In the past year, inventory declined by over 12%. Real estate developers are sitting on an inventory of 797,623 units at the end of Q1 FY20 as against 909,324 units at the end of Q1 FY19. Inventory declined across cities, data show.  Inventory overhang also reduced slightly to 30 months — at the current sales velocity, it would take developers less than three years to sell the existing housing stock.   City Unsold Inventory as on quarter end Q1 FY'19 Q1 FY'20 YoY Change Ahmedabad 64,563 60,521 -6% Bengaluru 87,602 77,295 -12% Chennai 37,878 37,109 -2% Gurugram 47,449 46,426 -2% Hyderabad 43,322 32,874 -24% Kolkata 50,146 44,970 -10% Mumbai 343,111 292,225 -15% Noida 76,378 63,637 -17% Pune 158,875 142,566 -10% Grand total 909,324 797,623 -12%  Nearing completion While stating that 120,500 units were delivered by developers in the nine key markets during the first three months of FY20, the report says that another 500,000 housing units are likely to be delivered by March 2020.  Prices remain largely flat; growth momentum in Hyderabad continues Except Hyderabad, where prices increased 17% y-o-y, rates of property across cities have remained largely flat in the past year.  The study covered nine key Indian cities including Ahmedabad, Bengaluru, Chennai, Gurugram (includes Bhiwadi, Dharuhera and Sohna), Hyderabad, Kolkata, Mumbai (includes Navi Mumbai and Thane), Noida (includes Greater Noida and Yamuna Expressway) and Pune.   Read the full article
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ivenkysiva97posts · 4 years
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Home Loan Chennai
SHORT TERM BRIDGE LOAN
You are expecting to receive Guaranteed Source of Payments ( ie Funds/Loan) ,
But sometimes unexpected delay will be there in getting the money.
In such situations, To honour your financial commitments, Akhshayaa Finance will give You Stop Gap Funding as a Short Term Loan.
MINIMUM Rs. 25 LAKHS TO Rs. 10 CRORES AGAINST CHENNAI CITY PROPERTIES WITHIN 3 DAYS
REPAYMENT OF THE SHORT TERM BRIDGE LOAN
All the Short Term Bridge Loans are given for the period of Min.1 Day to Max. 30 days. (In Short, the loans must be settled within 30 days.)
(The interest will be charged based on the daily diminishing balance only.)
UNIQUE FEATURES OF THE LOAN
You may have Huge Assets and Money , but sometimes there may be delay in receiving the funds which you expected , due to which you may not be able to honour your financial commitments on time and which might result in “Financial Loss and Good Will“
Based on our Financial Support you can honour your commitments on time and be happy.Honoring Financial Commitment on time will decide the Fate of the person.
Based on our Financial Support, many businessmen, industrialists and professionals have honoured their financial commitments on time and saved their name, fame, assets and earned good name and good will.
Based on the Goodwill Only , One can earn reputation in the public and can grow to greater heights.
LOAN AGAINST NEW LOAN SANCTIONED LETTER
You would have availed loan, based on your repayment capacity and security after sometime you may apply for higher amount of the loan from other Banks or any Financial Institutions. The New Financial institution would have given New Loan Sanctioned Letter.
In this Situation you have to settle existing loan and redeem the old loan documents and submit original documents to the New Bank or Financial Institution to avail the new loan for the higher amount.
LONG TERM LOANS
In addition to short term loans, Akhshayaa Finance also organizes long Term Loans from Banks and Financial Institutions, by acting as your financial adviser and facilitator.
LONG TERM LOANS FROM BANKS
From Rs. 25 Lakhs to Rs. 100 Crores,
Home loans (To purchase a     Flat/Residential House)
Loan against property     (Residential & Commercial properties)
Balance Transfer + Top-up/     Business loans
Finance consultants & professional referrals are welcome for mutual benefits.
·         Short Term Bridge Loan against loan sanction letter
·         Short Term Emergency Loan against guaranteed source of repayment
DOCUMENTS REQUIRED
KYC Documents
:
Pan Card
Aadhar     Card
Last 3     Years IT Returns Acknowledgement and Statement of Income.
Recent     Passport Size Colour Photos each 5 nos.
Last 1     year bank statement for individual & company.
Property Documents
Title Deed
Parent Documents
Encumbrance Certificate
Property Tax / Water Tax /     Electricity Card
Approved plan with proceeding     letter
Patta & Chittaa / Adangal
Other Documents
Individual     / Company Profile
Repayment     track record for all existing loans.
Details     of investments in Banks / movable and immovable assets
Details     of Insurance (life / non life / mediclaim)
For     rental income – Lease deeds and monthly rental receipt proof.
Documental Proof for Guaranteed Repayment Source
Loan     Sanction Letters
Confirmed     sale of property with registered sale agreement
WHO IS ELIGIBLE FOR LOAN?
Any person having the Property in Chennai, located in a prime area with clear title and guaranteed loan repayment source will also be checked for deciding the loan eligibility.
Know more visit: https://www.akhshayaafinance.com/
#PropertyLoanChennai #LoanagainstPropertyChennai #BridgeLoaninChennai #MortgageLoanagainstPropertyChennai #ShortTermFundingChennai #EmergencyLoanChennai #FinanceagainstPropertyChennai #MortgageLoanChennai #StopGapFundingChennai
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Singhanias want to monetise in the Thane land they own. The first project will be a 20-acre affordable housing 67466325 67464687 67459345 project together with a school where 10,000 children can study. As retail company they are present in over 505 towns and they are penetrating markets, which are not only tier-2, tier-3, tier-4 but we even tier-10, Gautam Singhania, CMD, Raymond, chats with ET Now.Edited excerpts: What are your plans for venturing into real estate? The market is fully aware that we have got a lot of land in Thane where the original factor was. As we have stated, we need to monetise this land and that is why the factory was originally moved. It has taken us a little while to get all the permissions for the land to get cleaned up. As you are aware, historically in India all land has got some issues. Having done that, we have always stated as policy that we want to monetise the land and that will only enhance shareholder value. The first project on 20 acres, will be an integrated development to monetise the land and obviously see what best real estate project we can do there. We have done the Bhumi Pujan which has been announced. As a company, we rather do and then talk, rather than talk and then do. Next, to meet our CSR requirements obligations, we really want to set up a very large school and I am very enthusiastic about it. There was a WhatsApp campaign going around on this. The principle sent out a WhatsApp for a briefing on what is going on. 15,000 parents came in. That is the brand equity of the Singhania School. It is touching the real estate project. It will be a very large school with eventual capacity to have 10,000 children in that school. So between that school and our existing school, almost 16,000-17,000 children will be studying in Thane. It would become the largest education destination probably in the world. Brand Raymond is something everybody resonates with being in India. Over the years, we have seen how it has only grown. You want to leverage this brand even in real estate, in a integrated township model with a school, quality residential hospital and all that... We are not doing a hospital. The old hospital is actually getting converted into a school. We have lost the expertise in the hospital which we had 25 years ago but we do have expertise in education. We are doing well in education with the school being amongst the best schools in the country. I want to leverage on that. Number two, a school project is more synergistic with a residential project because people buying 1BHK, 2BHK apartments, want quality education. The school becomes a big added advantage to a mixed use development that is right next to it. You talked about the Raymond brand. Whatever Raymond does, it is just on the fabric side. We are the only company that sells from Rs 200 meter to about Rs 10 lakh a meter. It is 5000 times in price point. Raymond stand for, Raymond stands for trust. The Rs 200 a meter guy gets trust, the Rs 10 lakh a meter guy gets trust.Where are you going to position your real estate offering? We have volume to move. We want to do affordable housing which is for the masses. We have got a good product and if you do it correctly, I have to move volume. Number two, I have got two or three advantages; We have designed a product for the masses. I am not making four and five and six BHK flats. Also, we have got the best location. Number three we are giving a very good club house, a five-acre garden in the middle, very good facilities which go with the Raymond brand. And number four, we have got a school, sharing a common boundary wall. Effectively. you will have swivel gate between the housing complex and the school. For a parent, a child is going to school without having left the compound. Talk to me about the strategy there because there are indications that one parcel of 20 acres will be sold off and the proceeds will be utilised to come up with the funds required for development there. How much are you going to develop initially?We have announced the development of 20 acres in phase one. At the end of the day, we are there to monetise the total land. If somebody made me an offer for the whole land tomorrow, hey listen, we are in the business of creating shareholder value but we see a lot of value coming out of this project. I am always looking at ways of monetising the land, obviously I cannot say anything till things are done but I am always looking at that.What is the potential over there? You had initially spoken about the five year plan of a couple of towers of 2 BHK apartment. Thane is a growing market and people want to live in Thane. The quality of life has become better, connectivity has become better, roads have come, metro is coming. If you see the infrastructure projects, the road that will go north will eventually come down to Pokhran and there. Thane is no longer a real suburb. With the infrastructure coming in, it is not going to be very far. From the eastern highway, you get there faster than from the western side now. So it is a big consumption market. As per the philosophy of Raymond, we will make the right product at the right price and we will be able to move our volumes. How are you planning to focus on increasing the reach and distribution in tier-2, tier-3 cities and about the retail end of the business? Most people come to India and see Mumbai, Delhi, Kolkata and Chennai and say this is India but that is not India. There is a desire from 1.2- 1.3 billion people in this country that live in the smaller towns and our strategy of going to smaller towns has always paid off. I will never forget when once many years ago I held a sales conference of the distributors, there was a guy who came from Punjab and he said I have got to thank you. I said for what? He said for showing me the sea. I had never seen the ocean before. So there is that India out there that does not travel. Either they come to you to Mumbai and buy your products which 99% of India is not going to do, or you go to them, you go their market. It is akin to foreign brands coming to Mumbai to sell. They come to Mumbai because a lot of Mumbaikars can buy their products but they do not necessarily travel and exposure creates demand. Today as a retail company we are present in over 505 towns and we continue to penetrate the markets it is not only tier-2, tier-3, tier-4 but we are even going to tier-10. How is the margin profile of operating in these kind of cities? What kind of growth are you observing right now? We are growing through a franchisee route and obviously the franchisee is getting a good return on his investment or he would not invest. We do not change the margins in the market but the fact that we have done 300 franchise stores shows it is a workable model. Your non-core end of the business have also turned around. What is the strategy there? We have our core businesses and we have non-core businesses. It is good that we are focussed on our non-core businesses and they are doing very well. However, it comes back to shareholder value creation, if somebody pays me a good price, then there is nothing wrong in that and we are always looking at how to create value. Now that you have come out clearly with a strategy, execution plan, you have got RERA registration as well, how do you see this business grow the next five, seven years compared to overall numbers? The first phase itself has got a lot of potential. I do not want to make any future comments so far because we are just getting into and it will be wrong of me to give you a guidance. If you ask me this question three months down the line when I have a little more experience, I will be able to give you a better guidance. I do not want to take a shot in the dark… There is a lot of existing inventory in Thane. Big players are there. How do you analyse the comparative landscape and also the industry dynamics?See, the biggest advantage I have today is I have sunk in land cost, historical land cost, as opposed to a builder who has probably gone and bought land there. That is my biggest advantage. Now either you make money or you make a lot of money, but I want to move volume, that is where I am going to be. from Economic Times http://bit.ly/2GmLVKP
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samacharlive · 5 years
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MUMBAI, January 15, 2019 /PRNewswire/ —
Significant drop from 47 months of inventory overhang in Q4 2017
NCR still constitutes 52 months’ inventory overhang; Bengaluru & Hyderabad at all-time low of 17 months each
Sales exceed number of units launched second year in a row
Avg. property sizes across top 7 cities shrinks by 8% compared to 2017 & 19% since 2016
Despite all headwinds including the liquidity crisis in 2018, housing sales rose by 18% and new launches by 33% across the top 7 cities compared to 2017. ANAROCK Propertty Consultants’ research confirms that residential inventory overhang reduced to a year-low from 47 months in Q4 2017 to 33 months in Q4 2018 across the top 7 cities.
(Logo: https://mma.prnewswire.com/media/701435/ANAROCK_Logo.jpg )
The DeMo effect in late 2016 had pushed up unsold inventory to 47 months in Q4 2017 from 40 months in Q4 2016. An inventory overhang of 18-24 months signifies a fairly healthy market.
“Having absorbed a lot of the impact of various structural changes, the Indian real estate sector seemed poised to grow from the previous year,” says Anuj Puri, Chairman – ANAROCK Property Consultants.
“However, the issue of stalled projects and liquidity crisis continued to confound the housing sector in 2018, though it continued its transition into a relatively more transparent and end-user driven market. End-users accelerated growth while investors shifted focus towards alternate asset classes such as commercial, retail and warehousing, which did fairly well during the year.”
“Builders very extremely cautious about launching projects to align supply with the existing buyer demand. This helped sales pick up momentum in 2018. Simultaneously, builders reduced the average property sizes to align their offerings with the highly-incentivized affordable housing bracket. The affordable segment spearheaded residential growth in 2018.”
2018 New Launch Tracker
The top 7 cities recorded new unit launches of around 1,95,300 units in 2018 against 1,46,860 units in 2017. The affordable segment comprised the lion’s share at 40%. Major cities contributing to 2018 new unit launches included MMR, NCR, Pune, and Bengaluru, together accounting for 74% new supply.
Bengaluru saw approx. 34,880 units launched in 2018 – a whopping 91% increase from 2017. More than 80% new supply added was in sub Rs. 80 lakhs budget segment.
MMR added approx. 59,930 units in 2018, a yearly increase of 12% over the preceding year. Approx. 40% new supply was added in the affordable segment.
Chennai added new supply of 15,680 units in 2018 compared to 7,940 units in 2017 – a massive rise of 98%. Approx. 49% new supply was added in the affordable segment.
Pune added 24,430 units in 2018, a significant increase of 29% over 2017. More than 90% new supply was added in sub Rs. 80 lakhs budget segment, out of which 52% comprised of affordable projects.
Hyderabad added 17,290 units in 2018, a significant increase of 43% over 2017. Approx. 58% new supply was added in the budget segment of Rs. 40- 80 lakhs in 2018.
NCR added approx. 26,010 units in 2018, a yearly increase of 17% over previous year. Approx. 47% new supply catered to the affordable segment
Kolkata added approx. 17,290 units in 2018, a significant increase of 25% over 2017. Approx. 73% new supply was added in affordable segment.
City-wise Supply (In Units) and Y-o-Y & Q-o-Q percentage change %Change %Change (2017 Q4 Q4 (Q4 17 Vs Cities Name 2018 2017 Vs 2018) 2018 2017 Q4 2018) NCR 26,010 22,180 17% 8,800 3,770 133% MMR 59,930 53,700 12% 16,590 12,050 38% Bengaluru 34,880 18,290 91% 11,610 3,510 231% Pune 24,430 18,950 29% 6,730 2,720 148% Hyderabad 17,290 12,110 43% 3,940 3,700 7% Chennai 15,680 7,940 98% 3,900 970 301% Kolkata 17,080 13,700 25% 4,030 1,660 145% Total 1,95,300 1,46,870 33% 55,600 28,380 96%
Source: ANAROCK Research
The GST Debacle Haunted 2018 – GST on under-construction properties was a major hurdle in 2018, dissuading buyers from purchasing properties that fell under its gambit. The twin issues of stalled/delayed projects and financial stress within residential real estate augmented interest for ready-to-move-in properties with most buyers preferring to buy what they can see.
Shrinking Flat Sizes – Builders submitted to consumer demand and offered more property options in the affordable segment, along with an overall reduction in average property sizes across segments, to fit the affordability quotient. At the pan-India level, average property sizes in 2018 shrunk to 1,160 sq. ft. from 1,260 in 2017. Surprisingly, Bengaluru saw maximum decline of 13% in average property sizes in 2018, followed by MMR and Kolkata with 11% each. On a two-year basis, the decline in housing sizes was nearly 23% in most key cities, except in Chennai and Bengaluru.
Sales Exceeded New Supply – Another significant trend witnessed is that housing sales numbers have exceeded new launch supply consecutively in 2018. Prior to 2017, sales numbers were far lower than new launch supply. This definitely indicates that the market is managing to shed unsold stock.
In the first three quarters of 2018, sales numbers rose q-o-q, but Q4 saw a mere 4% rise as against Q3 2018. Sales growth was essentially marred by the NBFC crisis in the last quarter of 2018.
Consolidation via mergers and acquisitions dominated all sectors including residential during the year, completely redefining the definition of ‘financial health’ among players. This trend will continue in 2019 as well.
2018 Housing Sales Tracker
Around 2,48,310 units were sold in 2018 with NCR, MMR, Bengaluru and Pune together accounting for 82% of the sales.
Bengaluru recorded the highest jump in sales in 2018 as compared to other top cities. City sales increased by 33% – from 43,130 units in 2017 to 57,540 units in 2018 due to buoyant commercial activity and realistic property prices dictated by end-users.
NCR housing sales increased by 18% – from 37,610 units in 2017 to 44,300 units in 2018. Despite rising sales, the region continues to grapple with the issue of stalled/delayed projects.
Pune sales rose by 12% – from 30,730 units in 2017 to 34,460 units in 2018.
MMR sales rose by 17% – from 56,970 units in 2017 to 66,440 units in 2018 – the highest number of units sold in 2018.
Chennai sales declined by 17% over the previous year and was recorded at 11,340 units in 2018.
Hyderabad sales significantly increased by 16% over the previous year with 18,630 units sold in 2018.
Kolkata saw approx. 15,600 units sold – a yearly increase by 21% over 2017
City-wise Absorption (In Units) and Y-o-Y & Q-o-Q percentage change % Change % Change (2017 Vs (Q4 17 vs Cities Name 2018 2017 2018) Q4-2018 Q4-2017 Q4 18) NCR 44,300 37,610 18% 12,730 8,200 55% MMR 66,440 56,970 17% 20,220 12,460 62% Bangalore 57,540 43,130 33% 14,820 10,250 45% Pune 34,460 30,730 12% 9,940 6,310 57% Hyderabad 18,630 16,110 16% 4,990 3,920 27% Chennai 11,340 13,680 -17% 3,290 2,600 26% Kolkata 15,600 12,900 21% 3,860 2,400 61% Total 2,48,310 2,11,130 18% 69,850 46,140 51%
Source: ANAROCK Research
Overall Unsold Inventory till Q4 2018
Unsold inventory declined by nearly 7% – from 7.26 lakh units in Q4 2017 to 6.73 lakh units in Q4 2018 and 14% from 7.90 lakh units in Q4 2016. An uptick in the traction of ready-to-move-in and nearing-completion properties helped developers clear their existing stock.
City-Wise Unsold Inventory (In Units) and Q-o-Q percentage change Cities Name Q4-2018 Q4-2017 % Change (Q4 17 Vs Q4 2018) NCR 1,86,714 2,05,000 -9% MMR 2,19,491 2,26,006 -3% Bangalore 73,337 96,000 -24% Pune 87,403 97,424 -10% Hyderabad 25,956 27,289 -5% Chennai 30,837 26,499 16% Kolkata 49,471 48,000 3% Total 6,73,208 7,26,218 -7%
Source: ANAROCK Research
Price Movement
Residential property prices across the top 7 cities increased by a mere 1-2% in Q4 2018 when compared to the previous year Q4 2017 – except Chennai, where prices decreased by 1% and Kolkata, where they remained stagnant.
City-Level Price Trend (INR/Sqft) Cities Name Q4 2018 Q4 2017 % Change (Q4 17 Vs Q4 2018) NCR 4,565 4,520 1% MMR 10,550 10,337 2% Bangalore 4,925 4,810 2% Pune 5,480 5,410 1% Hyderabad 4,150 4,100 1% Chennai 4,900 4,955 -1% Kolkata 4,375 4,430 0% Pan-India 5,564 5,509 0.01%
Source: ANAROCK Research
Outlook 2019
Despite the numbers suggesting a positive outlook for 2018, the picture may not be as rosy in at least the first half of 2019. The liquidity crisis – further aggravated by the NBFC issue – has caused mayhem in the industry and early 2019 will continue to see its spill-over effect.
Even while various reforms strove to eliminate unscrupulous players from the real estate ecosystem, the issue of stalled projects needs to be seriously addressed by the Government, or else the recovery of the residential sector will remain compromised.
If developers continue to focus squarely on their core business, remain customer-centric and launch the right products at the right prices in 2019, the residential segment will gain traction. Else, the sector will have to solely rely on petty sops offered by the Government to intermittently boost sales.
About ANAROCK Property Consultants Pvt. Ltd.:
The ANAROCK Group is India’s leading specialized real estate services company with diversified interests across the real estate value chain. Anuj Puri, the Group’s Chairman, is a highly-respected industry veteran and India’s most prominent thought leader in the real estate domain. He has over 27 year’s expertise in leveraging Indian and global real estate opportunities.
ANAROCK Group’s key strategic business units are Residential Broking & Advisory, Retail Transactions & Advisory, Capital Markets, Hospitality, Investment Management, and Research & Consulting. ANAROCK’s growing business teams account for 1,500 of the real estate industry’s most qualified and experienced professionals. With operations across all major Indian markets and dedicated services in Dubai, ANAROCK also has global business coverage via over 80,000 hand-picked channel partners. Every facet of ANAROCK’s rapidly-expanding business portfolio is governed by the Firm’s core assurance to its clients and partners – Values over Value.
Visit: http://www.anarock.com
Media Contact: Arun Chitnis [email protected] +91-9657129999 Head – Media Relations ANAROCK Property Consultants
PR News
The post Unsold Inventory Hits Two-year Low in Q4 2018 – ANAROCK appeared first on Samachar Live .
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workreveal-blog · 7 years
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Indian Real Estate Facts
New Post has been published on https://workreveal.biz/indian-real-estate-facts/
Indian Real Estate Facts
  Over the previous few years, the actual property state of affairs in Pune and other towns in Maharashtra has visible a stagnation with builders complaining of slow income. The figures show real estate income have extensively long gone down within the fag give up of the modern Financial 12 months of India, Months of Might also and June had been surprisingly higher with 2,12,099 and a pair of,sixteen,911 registrations recorded however given that July the numbers have proven a decline. November — the month of demonetisation— was the worst as most effective 1,20,022 deeds were registered. with the aid of the stop of February, the nation has collected Rs 17,702.56 crore as sales from the registration changed into Rs 18,927 crore.
If the relators blame the reluctance of customers to make investments, consumers say the real estate prices are exorbitant for them in Pune.
Indian Real Estate Market
Sunil Pawar, an employee of an automobile manufacturer, said investments in areas like Aundh, Baner, Vishrantwadi cost more than a crore. “A single earnings person will locate it difficult to buy a residence in Pune at this juncture,” he said. But, developers have a different take. Manish Maheshwari, MD of Pune-based Majestique Landmarks said, demonetisation had resulted in a slowdown within the industry for three months. “seeing that then, the numbers have picked up and i bet by means of March-give up, we are able to see the numbers matching that of final yr’s,” he stated. Ruling out any chances of a rate drop, he stated, the mid-section housing may see a 20 in step with cent rise in fees in the coming Economic yr. “As developers, we know the existing state of affairs within the industry and so a charge drop is genuinely no longer inside the picture,” he said. Telangana actual property developers’ Association (TREDA) has announced the new Governing body for a yr term at some stage in its 21st Annual Fashionable body assembly held right here on Saturday. P Ravinder Rao has been elected as the President of TREDA, R Chalapathi Rao and M Vijaya Sai as govt Vice Presidents, B Sunil Chandra Reddy as Secretary Popular and Ok Sreedhar Reddy as Treasurer, In step with a announcement. APREDA changed into fashioned in 1995 and after the bifurcation of the state it became reorganised into TREDA and APREDA. TREDA turned into fashioned with the imaginative and prescient to end up a leading, credible and a guiding force inside the realty zone for all of the stakeholders. TREDA targets to complement the participants Via its knowledge Bank and permit them to create tasks with exemplary requirements. It really works in the direction of the enhancement of pleasant of existence of the society in concord with nature. TREDA’s task would embody to bring all of the builders on a common platform, building accept as true with and camaraderie together developing group spirit. It coordinates with all policy-making authorities in evolving and imposing actual-property friendly policies and carrier delivery structures if you want to stimulate improvement. all through the first sector of 2017, close to 8 million square ft of workplace Space absorbption has taken region, an increase of 8 in line with cent over Q1 of 2016. In keeping with CBRE South Asia, real estate property consulting company, IT/ITeS continues to lead in office actual property leasing marketplace, observed through engineering, production & BFSI. Transaction activity persisted to be pushed via IT/ITeS corporates, garnering a proportion of near 37 in keeping with cent of Typical Space leased at some stage in the area. However, the share of other sectors including engineering and production as well as the BFSI segments, rose marginally, accounting for 39 consistent with cent inside the Usual Space leased for the duration of the area. Leasing pastime turned into specially led by means of small to mid-sized deals ( less than 50,000 square toes) accounting for nearly ninety per cent of all transactions in Q1 2017.
Real estate
Anshuman Magazine, Chairman – India and South East Asia CBRE said: “in the course of the region, leasing pastime turned into led with the aid of the Delhi Country wide Capital place (NCR) with a proportion of 19 per cent of general transacted Space, followed with the aid of Mumbai (18 in line with cent) and Bangalore (18 in keeping with cent), accounting for over almost fifty five according to cent of the transaction interest throughout main towns.”
actual estate corporations Indiabulls actual property Ltd (IBREL) and Lodha builders Pvt. Ltd are inside the system of launching projects in London, after they bought high Properties foreign places throughout 2013-14. After a lull in the London assets marketplace in 2016, particularly Because of uncertainty over Brexit, costs and sales seem to have stabilized now, coupled with a weak pound that has made home purchases attractive for foreign customers as properly, current Studies reports said. In May additionally, Lodha will formally launch its Grosvenor rectangular venture in London, once the display flat is ready. The Mumbai-primarily based developer had offered the iconic MacDonald house belongings from the Canadian government for over £three hundred million in 2013 . A spokesperson for Lodha said that the Organisation has already executed choose pre-release income at over £6,000 consistent with sq. toes (Rs5 lakh in line with sq. feet), one of the maximum costs that any mission with an Indian connection has ever carried out. construction has also commenced. Indiabulls actual estate launched its undertaking Hanover Bond—a collection of eighty apartments and a 5-superstar resort—in March, and opened bookings for Customers. The developer bought the assets in London’s Mayfair in 2014 for around Rs1,550 crore at an acquisition cost of an anticipated Rs1.sixty five lakh per sq. ft. The mission has residences and penthouses at one of a kind sizes and price points. A 400 sq. toes studio is at a beginning rate of £1.95 million and goes Up to round £6 million for a three-mattress domestic. fees of the penthouses are disclosed on utility. “We released the task for humans to return and see. We’re now in discussions with inn operators and could finalize one for the 5-big name motel in the belongings,” stated Vishal Damani, joint coping with director, Indiabulls real estate. maximum of these Properties in London were sold by the builders a few years again in a bid to diversify their project portfolios and reduce dependence on the home market. Indiabulls actual property, for example, had in advance deliberate to regularly construct a portfolio of tasks in London however did not announce something new after the Mayfair venture. Lodha has a 2d challenge at Lincoln square in London, which it bought in early 2014 and released remaining yr. The task has accomplished extraordinary sales of over £one hundred fifteen million (Rs1,000 crore) in 9 months, Notwithstanding Brexit, the Lodha spokesperson said.
Real estate
production began ultimate year and the project is anticipated to complete by way of stop-2018. Analysts But stated that given the uncertainty inside the home property market, it’s unlikely that Indian builders will again go shopping remote places to buy property each time soon. “Although the Brexit-associated uncertainties appear to be over, we don’t see developers venturing into overseas markets. actual property is a regional Business and realty firms will awareness on middle markets. It’s not clean to clock property sales in any market, so in a overseas market, one has to paintings even more difficult,” said Ashwinder Raj Singh, Chief government officer, residential Offerings at belongings advisory JLL India. “For folks who had offered Those Houses, this may be a good time to release the ones projects.” The an awful lot awaited real property funding believe (REIT) list is inching toward fact and India has hire– yielding workplace stock of 537 million squaretoes really worth over $70 billion. Consistent with a joint document via KPMG, Naredco, Hariani & Employer and Knight Frank, titled ‘REIT-Able Space in India: A better truth’, $121 billion or 1.73 billion sq.ft occupied business real property across workplace, retail and warehouse segments may want to doubtlessly enjoy the REIT possibility Consistent with the file, the Indian real estate marketplace, which is supported via a sturdy economic boom, a big portfolio of finished commercial actual estate tasks and a conducive investment climate, offers a massive possibility for REITs. within the case of office and retail, about 537 million sq.toes and seventy five million squarefeet respectively is REIT-In a position location located in the pinnacle seven cities of Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata and Pune. within the case of warehousing Area, the all-India estimate is about 1,127 mn sq.feet. Globally, the go back on fairness traded REIT has bettered that from leading stock markets indices during the last 10 years. The 5-year returns for REITs ranged between 7 and sixteen in line with cent globally. With Eastern and Malaysian markets offering returns of 8-10 in step with cent, expectations from Asian economies are at the upward thrust In Asia, REITs debuted in Japan accompanied by Singapore, Indonesia, South Korea. Japan and Singapore are the marketplace leaders in Asia for REITs. extra than 20 nations now have REITs or a similar shape. on account that, its beginning in the US near five many years in the past, the REIT market has mushroomed throughout the globe thats a booming area right now.
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oaoexclusive-blog · 7 years
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