Easy Property

Are you happening to be looking for a factory plot? Look no further, and view this property by Easy Property!

See their other listings at http://www.commercialpeople.in/author/easy1234/

Aadesh Consultant

If you are in Gujarat, Ahemedabad looking for commercial and/or residential space, Aadesh Consultant are one to message. With almost 20 years presence, they deliver property services in the region. You can leave a message now and view some of their properties at http://www.commercialpeople.in/author/aadeshconsultant1234/

Hanu Enterprises

Are you moving to Rajasthan or looking for something different in the area? Everybody loves luxury so have a look at Hanu Enterprises new apartments! But be quick, spaces are selling out fast in these upcoming, under construction homes! 

Desai Group

Renowned, Desai Group have apartments to sell in town! The group have been known to have also participated in interior design, therefore you know their homes on offer must be good! See for yourself at http://www.commercialpeople.in/author/desaigroup1234/

Non Resident Indian Investments Rocket by 35%

This year is looking bright for real estate players in India. This is with studies signalling that Non Resident Indians (NRI) property buyers' investment is forecasted to rocket by 35% against 18% in the previous fiscal year.

NRIs are now feeling feeling confident towards the new government of India and are awaiting an investment-friendly market within a variety of fields. This is according to said D S Rawat in a report, who is the secretary general of ASSOCHAM. According to a survey of 850 real estate developers conducted by the industry body, there has been a significant rise in the number of enquiries from NRIs. The survey was conducted in Ahmedabad, Bangalore, Chandigarh, Chennai, Dehradun, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune amongst others.

Ascott secures management contract for serviced residence in Gurgaon

The Ascott has secured a contract in Gurgaon to manage its first Somerset-branded serviced residence in the region.

The Somerset Diplomatic Greens Gurgaon will have 174 units, scheduled to open by 2019. It will be Ascott’s second serviced residence in the city, following Ascott Ireo City Gurgaon due to open in 2017.

Somerset Diplomatic Greens Gurgaon’s management contract was granted by Puri Constructions who focuses on Northern India real estate development.

The Ascott chief corporate officer who is overseeing the company’s business in India, Tony Soh claimed of viewing strong growth potential for Ascott in India. This is as delivering the Somerset brand to Gurgaon through partnership with Puri Constructions will increase Ascott’s footprint in India to over 1,400 apartment units in eight serviced residences across five cities.

Sahara Group selling three properties

Four months following the sale of 104 acre land at Ahmedabad, the Sahara Group is said to have reached an agreement to sell three of its other properties across India. 

The group is in final negotiations to sell 265 acres of land in Vasai suburb, Mumbai, to city based Atul Projects, for approximately Rs800crore. A formal deal will be signed upon receipt of the sale price. It has been a few years since Sahara acquired this land to establish as a township. 

Top five cities with the highest valued property market

With the rise of urbanisation, numerous inhabitants of India are now rushing towards urban areas for settlement. As such, property rates within major Indian cities are experiencing a surge between June 2012 and May 2014, according to real estate research firm, PropEquity’s latest data. Below are the top five cities with the highest valued property market cities. 

5) Bangalore

Bangalore is the Silicon Valley and major IT destination of India, proving to be an excellent location for any investor contemplating investments within the real estate sector. This has opened unvalued demand and supply for both commercial and residential properties in Bangalore.

International investors look towards India market

Overseas property investors are capitalising on India’s new regime’s policies in pursuit of various real estate ventures throughout the country.

Donald Trump, American real estate icon, announced plans to invest towards India’s hospitality and property sectors. He recently visited India to attend the Trump Tower development launch in Mumbai, currently being constructed in partnership with Lodha Group, local developer.

During the launch event, Trump revealed to local media that it has been his desire for several years to be part of a major project in Mumbai, taking honour in delivering the Trump lifestyle to the truly global metropolis with the Trump Tower Mumbai.

He claimed India is a great place to invest, with the election making it even better, referring to Prime Minister Narendra Modi, who assumed his post following the May elections.

India plans to open REIT market

India is placing the groundwork in an attempt to make real estate investment trusts tax-exempt, enabling trades on public exchanges, a move which may help unlock as much as $20billion of listings.

Regulations on taxation are to be amended, as announced by Finance Minister Arun Jaitley on 10^th July. The stock-market regulator is in preparations to allow REITs to be traded on exchanges, as reported by Edelweiss Securities Ltd.

The establishment of REITs will provide a new funding source to Indian developers who have struggled to reduce debt, as well as give investors the ability to purchase into the country’s property market. Property broker Cushman & Wakeman have estimated assets which may qualify to be included in REITs could reach $20billion by 2020. In the first three to five years, as much as $12billion may be raised.

RBI to allow Non-Resident Indians to purchase property in joint with foreign spouse

Non-resident Indians (NRI) with hopes to purchase property in India in joint with their spouse holding foreign passports may soon be allowed to do so.

The Reserve Bank of India has plans to relax the restrictions under the Foreign Exchange Management Act (FEMA), which currently make such acquisitions difficult.

At present, if an NRI wishes to purchase a house or any other real estate as a joint property with a foreign citizen spouse, it is processed specially, requiring prior permission from the Reserve Bank of India (RBI) on a case-by-case basis.

Art sellers shifting towards property selling in luxury India

Affluent buyers looking into India's most exclusive homes may not have to worry about being closed off from deals occurring behind closed doors. This is as art auctioneers, Sotheby's plans to sell around 40 choice properties at list prices of Rs 15-200 crore. Included is a bungalow in Lutyens' Delhi (Rs 150 crore), as well as 'private residences' with ancient forts of Rajasthan.

As India is rising as a real estate destination and the number of high networth Indians is rocketing, the international auction house has readied a list of marketable and sellable properties. The president and chief executive of Sotheby’s International Realty Affiliates LLC explained expansion in India was one of the group’s main goals for 2014 as Northern India is one of the most rapid growing and beautiful markets in the world, with an evolving luxury real estate market.

Real estate company developing 100 megawatt solar property project

Pune based Indian real estate company, D.S. Kulkarni Developers Ltd., has plans to build 100 megawatts of solar capacity by 2019 to prevent increasing electricity costs.

9billion rupees ($148million) will be invested towards the project, to be developed in Neemuch in the central Madhya Pradesh state. This is according to Chairman and Managing Director D.S. Kulkarni from Delhi.

It is expected that electricity will be generated at an average of 5.5 rupees a kilowatt-hour during the 25 year lifetime of the project. This is equivalent to as little as half the commercial power tariff that is currently being paid by D.S. Kulkarni.

125 acres (505,857 square metres) of land has been acquired. Construction will commence on the first 24-megawatts this year.

Commercial People Update

Hello, Commercial People! Have you seen our Pinterest? http://www.pinterest.com/commpeople. We have created boards for Space India and Vasudha Builders Ltd.

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Welcome, Space India!

Hello, Commercial People! Space India Builders and Developers have some beautiful flats for sale, mostly in Navi Mumbai, as well as Vaje and Wakadi! See them by clicking the image below:

Have a great weekend!

Welcome, Vasudha Builders Ltd.!

Welcome to Commercial People India's first post! We would like to introduce to you www.commercialpeople.in, advertising Commercial and Residential properties!

On board, we currently have Vasudha Builders Ltd. advertising lovely Arham Villas for sale in Mumbai. Check them out by clicking the image directly below: