Riddhi Real Estate

Hello, India! Start your week by visiting Riddhi Real Estate's profile at http://www.commercialpeople.in/author/Riddhi1234/! The Ahmedabad, Gujarat realtors have commercial properties to rent, including this office in South Delhi.

Have a great week!

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.

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.