The document discusses the real estate sector in India. It notes that real estate is the second largest employer in India and supports around 250 ancillary industries. The sector has seen increased demand for both residential and commercial property, with Indian cities becoming attractive investment destinations. Real estate development in India is a $12 billion market growing at 30% annually. The future of the sector is guided by factors like amendments to foreign direct investment guidelines and changes to service tax norms to promote growth.
The document provides an overview of real estate laws in India. It defines key real estate terms like immovable property and discusses central laws governing real estate transactions such as the Transfer of Property Act, 1882, the Indian Stamp Act, 1899, and the Registration Act, 1908. It also summarizes the purpose and provisions of these acts as they relate to sale, mortgage, lease, and acquisition of real estate property in India.
Looking to invest in real estate in India? What are the major factors or elements that you should pay attention to in order to maximize your returns on property investment? find it all in this detailed document.
The document discusses a proposed real estate venture fund called the Parijat Fund that would invest in residential and commercial real estate development projects in major Indian cities. The fund would be open only to non-resident Indians, persons of Indian origin, and high net worth Indian individuals and corporations to avoid regulatory issues. It aims to raise $50 million and targets a gross return on equity of 25% annually for investors over a 5-year period by partnering with reputable Indian developers on new and existing projects.
February 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Real Estate Industry
COMPANY ANALYSIS : DLF
BRAND ANALYSIS : Coca Cola
Event Report: Guest Lecture on Behavioral Finance
Concept of the month
This document provides an overview of the real estate sector in India, including its growth, opportunities, and challenges. Some key points:
- The real estate sector has grown significantly since liberalization, driven by business opportunities and migration. It is now worth $15 billion and growing 30% annually.
- It addresses demand for various property types like offices, homes, malls, and more. Infrastructure developments parallel real estate growth.
- Opportunities include growing demand for housing and commercial space. Challenges include dependence on other sectors like IT and potential oversupply if policies change.
- The future remains positive due to outsourcing, retail growth, and new funding sources, but regulations and taxes
This document provides information about the regulatory framework for foreign direct investment (FDI) and foreign institutional investment (FII) in India. It discusses the history and liberalization of FDI policies in India. It outlines the sectors that allow FDI and the caps on foreign ownership. It also discusses the legal basis and procedures for FDI approval. For FIIs, it defines what an FII is, the eligible entities, and the registration process with SEBI.
Weber’s theory of location of industry,the various sources of finance to industrial units,Optimum size of units,Micro, small and medium enterprises,NEDFi,the distinctive features of modern approach to financial management,The various bases for determining the proportions (weights) to be employed in calculating the weighted average cost of capital, application of management accounting techniques for managerial decisions,the need for cost control,the use of control techniques in better cost management,the evolution and present status of direct taxes as provided in the Indian constitution,the provisions of the Income Tax Act with regard to tax deducted at source.
This document summarizes Weber's theory of industrial location and discusses various sources of finance available to industrial units. Weber classified location factors into primary/regional factors like transportation costs and labor costs, and secondary/agglomerative factors. The main sources of industrial finance in India include institutions like IDBI, ICICI, SIDBI, IFCI, and IIBL which provide loans, as well as sources like state financial corporations, foreign investment, IPOs, and more.
The document provides an overview of real estate laws in India. It defines key real estate terms like immovable property and discusses central laws governing real estate transactions such as the Transfer of Property Act, 1882, the Indian Stamp Act, 1899, and the Registration Act, 1908. It also summarizes the purpose and provisions of these acts as they relate to sale, mortgage, lease, and acquisition of real estate property in India.
Looking to invest in real estate in India? What are the major factors or elements that you should pay attention to in order to maximize your returns on property investment? find it all in this detailed document.
The document discusses a proposed real estate venture fund called the Parijat Fund that would invest in residential and commercial real estate development projects in major Indian cities. The fund would be open only to non-resident Indians, persons of Indian origin, and high net worth Indian individuals and corporations to avoid regulatory issues. It aims to raise $50 million and targets a gross return on equity of 25% annually for investors over a 5-year period by partnering with reputable Indian developers on new and existing projects.
February 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Real Estate Industry
COMPANY ANALYSIS : DLF
BRAND ANALYSIS : Coca Cola
Event Report: Guest Lecture on Behavioral Finance
Concept of the month
This document provides an overview of the real estate sector in India, including its growth, opportunities, and challenges. Some key points:
- The real estate sector has grown significantly since liberalization, driven by business opportunities and migration. It is now worth $15 billion and growing 30% annually.
- It addresses demand for various property types like offices, homes, malls, and more. Infrastructure developments parallel real estate growth.
- Opportunities include growing demand for housing and commercial space. Challenges include dependence on other sectors like IT and potential oversupply if policies change.
- The future remains positive due to outsourcing, retail growth, and new funding sources, but regulations and taxes
This document provides information about the regulatory framework for foreign direct investment (FDI) and foreign institutional investment (FII) in India. It discusses the history and liberalization of FDI policies in India. It outlines the sectors that allow FDI and the caps on foreign ownership. It also discusses the legal basis and procedures for FDI approval. For FIIs, it defines what an FII is, the eligible entities, and the registration process with SEBI.
Weber’s theory of location of industry,the various sources of finance to industrial units,Optimum size of units,Micro, small and medium enterprises,NEDFi,the distinctive features of modern approach to financial management,The various bases for determining the proportions (weights) to be employed in calculating the weighted average cost of capital, application of management accounting techniques for managerial decisions,the need for cost control,the use of control techniques in better cost management,the evolution and present status of direct taxes as provided in the Indian constitution,the provisions of the Income Tax Act with regard to tax deducted at source.
This document summarizes Weber's theory of industrial location and discusses various sources of finance available to industrial units. Weber classified location factors into primary/regional factors like transportation costs and labor costs, and secondary/agglomerative factors. The main sources of industrial finance in India include institutions like IDBI, ICICI, SIDBI, IFCI, and IIBL which provide loans, as well as sources like state financial corporations, foreign investment, IPOs, and more.
This document summarizes recent developments regarding foreign investment in Indonesia, specifically addressing the new 1995 Company Law. It discusses the key laws governing foreign investment, including the 1967 Foreign Investment Law. The law aims to encourage foreign capital and investment through various tax incentives and protections. However, trading remains generally closed to foreigners. The document defines what constitutes foreign investment and outlines important facilities and assurances provided to foreign investors, such as tax holidays and freedom from import duties. It also notes that while foreign capital is welcomed, self-reliance remains a key goal of Indonesia's economic development.
This document discusses various topics related to real estate development and accounting, including:
1) Accounting for real estate transactions is more complicated than a board game and proper recognition and reporting is required.
2) Service tax rules for construction activities changed in 2012 to fall under "declared services".
3) Other issues for construction businesses include partnership structure, whether construction is considered manufacturing, redevelopment of old buildings, and tax section 50C.
Returning NRIs face important tax and regulatory considerations when returning to India permanently. As residents, their global income and assets will be subject to Indian laws. NRIs have preferential tax status for some years if they have lived abroad for long periods. They can retain foreign investments but must convert foreign bank accounts to Indian resident status. Comprehensive financial and tax planning is needed to smoothly transition an NRI's financial affairs to Indian regulatory compliance.
This document provides an overview of the Indian real estate sector. It discusses residential and commercial real estate, challenges facing the sector, factors driving demand, and major laws and regulations. Key points include growing demand for housing and office space due to increasing incomes and urbanization. Challenges include a fragmented unorganized market and dependence on external factors like infrastructure development. The sector is regulated by various central and state laws around land, construction, registration, and more.
Guidelines for calculation of total foreign investment in indian companiespgcinternational
This document provides guidelines for calculating total foreign investment in Indian companies, rules for transferring ownership and control of Indian companies to non-resident entities, and rules for downstream investment by Indian companies. It defines key terms, outlines a methodology for calculating direct and indirect foreign investment, and establishes approval processes for foreign investment in sectors with caps. The annex attached provides more detailed definitions and guidelines.
About the housing finances in India. About the national hosing bank and the functions of it. Then about the micro housing finance corporation and the types of loans, housing and its development. Discussion on the urban infrastructure.
This document summarizes FEMA provisions regarding foreign direct investment in India's real estate sector. It discusses that FDI is permitted for real estate development projects but not for leasing or trading of property. Projects must meet minimum area requirements of 10 hectares for serviced housing plots or 50,000 square meters of built-up area for construction projects. Investors must invest a minimum of $10 million for wholly-owned subsidiaries or $5 million for joint ventures and funds must be brought in within 6 months. There is a 3-year lock-in period on the original investment. Investment is only permitted for new development projects, not for purchasing stakes in ongoing or nearly complete projects.
This document summarizes and analyzes several Press Notes issued by the Government of India in 2009 regarding foreign direct investment (FDI) policies. It discusses Press Note 2, which established guidelines for calculating indirect foreign investment. It defines when an investment in an Indian company by another Indian company will be considered indirect foreign investment based on ownership and control. It also summarizes key points from Press Notes 3 and 4 regarding transfers of ownership/control of Indian companies and downstream investment policies. The document analyzes some issues requiring clarification in Press Note 2, such as how to treat joint ventures with 50% foreign ownership and cases where multiple unconnected foreign companies collectively own/control an investing company. It suggests applying a proportional method for investments below
We learn previously that Swati Enterprises was looking for Capital for expansion in other states and suggestion for sourcing the funds was Financial Market.
But as we have learnt that Financial Market consists of different segments with unique characteristics, like Money Market, Capital Market, Currency market, Commodity market etc., CEO of Swati enterprises went to the expert for suggestion on, from where to source the funds.
After listening to the requirement of funds of Swati enterprises, expert suggested to go for Capital market, but CEO of enterprise was keen to know about Capital Market in detail, so that he can approach the right place as per requirement.
The document discusses the real estate market in India. It notes that the Indian real estate market has seen significant growth in recent years and continues to boom, with development across residential, commercial, and retail sectors. Major real estate companies going public and large investments from both domestic and foreign investors indicate the potential of the Indian property market. The realestateonline.in website provides a platform for buyers, sellers, and dealers of residential and commercial properties across major Indian cities.
The document discusses the history and overview of development banking in India. It notes that the concept of development banking arose after World War 2 to provide reconstruction funds. In India, development banking aims to meet sectoral credit needs, particularly for agriculture and industry. Several specialized development financial institutions were established in India with majority ownership by the Reserve Bank to provide long-term financing. The first development bank was incorporated in 1948 to pioneer institutional credit. Overall, development banking in India focuses on mobilizing savings and channeling investment to priority sectors outlined in Five-Year Plans.
The document discusses various real estate and finance news stories from India, including Yatra Capital investing $1 billion in Indian realty, Allahabad Bank lowering home loan rates, and ICICI Bank setting up a $2 billion infrastructure fund. It also covers new real estate plans and ventures such as Kshitij Investment establishing seven "market cities" and regional realty news from states like Haryana, Uttar Pradesh, and Delhi. International realty news on investments in India by foreign firms is presented as well.
Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.
This was presented by CA. Sudha G. Bhushan as a key note speaker in the national seminar on Foreign INvestment Flows in India organised by Lala Lajpat Rai Institute of Management.
The document discusses various state and national level financial institutions in India such as State Financial Corporations (SFCs), State Industrial Development Corporations (SIDCs), IFCI, ICICI, IDBI, IRBI, and SIDBI. It provides details on their establishment, objectives, functions, management, and sources of funding. The key roles of these institutions are to provide financial assistance and promote industrial development across various sectors in India.
The UAE will invest $75 billion in India's infrastructure to help accelerate development projects under Prime Minister Modi's Vision 2022, including building 100 smart cities and 110 million affordable homes. This investment makes the UAE India's largest development partner and will help boost economic growth from the current 4.5% to between 8-10%. It will fund improvements to connectivity, housing, and urban development needed due to rapid migration from rural to urban areas, which is putting pressure on infrastructure. The investment demonstrates Modi's ability to attract funding and will accelerate his plans if projects are delivered successfully.
Emaar Properties is a global property developer based in Dubai. It has developed integrated residential, commercial, and entertainment centers. Emaar aims to expand its operations internationally and deliver innovative projects adhering to global quality standards. It has established a reputation for delivering visionary developments and establishing new benchmarks for urban planning and real estate development.
Overview Of Foreign Investment Law In Indonesia Leks&Co
The document provides an overview of Indonesia's investment law, which consolidated previous laws governing foreign and domestic investment into a single law in 2007. It defines key terms like domestic and foreign capital investment and investors. The law applies equally to all capital investments in Indonesia, provides protections like guarantees against expropriation, and offers facilities like tax incentives to encourage new investment in pioneering industries. Foreign investors must use a limited liability company form, while domestic investors have more flexibility. The document discusses sectors open to investment and obligations of investors.
The real estate sector in India has grown significantly over the past 5 years and is expected to continue growing. It is the second largest employer in India and is slated to grow 30% over the next decade. The market size of the real estate sector in India is expected to reach $180 billion by 2020, growing at a CAGR of 11.2% between 2008-2020. Residential projects have attracted substantial investment from private equity funds and non-banking financial companies.
The document discusses various concepts related to real estate including assets, investments, and different modes of conducting real estate business. It defines assets and different types of assets such as current and fixed assets. It also explains factors that have contributed to the growth of the real estate sector in India such as rising demand, foreign investment, and expected housing shortage. Additionally, it summarizes different options for structuring a real estate business such as proprietorship, partnership, private/public companies, HUF, trusts, and cooperative societies.
This document summarizes the Indian real estate sector. It discusses that India is expected to become a top 3 global economy by 2025 which will drive significant growth in real estate and infrastructure development. The real estate sector currently contributes around 5-6% to India's GDP but is one of the largest employment generators. While demand has grown for residential and commercial real estate, the sector faces challenges such as lack of transparency, bureaucratic hurdles, and inadequate land and property laws. The document examines opportunities to attract more foreign investment and adopt best practices from countries like China to further develop the Indian real estate market.
This document summarizes recent developments regarding foreign investment in Indonesia, specifically addressing the new 1995 Company Law. It discusses the key laws governing foreign investment, including the 1967 Foreign Investment Law. The law aims to encourage foreign capital and investment through various tax incentives and protections. However, trading remains generally closed to foreigners. The document defines what constitutes foreign investment and outlines important facilities and assurances provided to foreign investors, such as tax holidays and freedom from import duties. It also notes that while foreign capital is welcomed, self-reliance remains a key goal of Indonesia's economic development.
This document discusses various topics related to real estate development and accounting, including:
1) Accounting for real estate transactions is more complicated than a board game and proper recognition and reporting is required.
2) Service tax rules for construction activities changed in 2012 to fall under "declared services".
3) Other issues for construction businesses include partnership structure, whether construction is considered manufacturing, redevelopment of old buildings, and tax section 50C.
Returning NRIs face important tax and regulatory considerations when returning to India permanently. As residents, their global income and assets will be subject to Indian laws. NRIs have preferential tax status for some years if they have lived abroad for long periods. They can retain foreign investments but must convert foreign bank accounts to Indian resident status. Comprehensive financial and tax planning is needed to smoothly transition an NRI's financial affairs to Indian regulatory compliance.
This document provides an overview of the Indian real estate sector. It discusses residential and commercial real estate, challenges facing the sector, factors driving demand, and major laws and regulations. Key points include growing demand for housing and office space due to increasing incomes and urbanization. Challenges include a fragmented unorganized market and dependence on external factors like infrastructure development. The sector is regulated by various central and state laws around land, construction, registration, and more.
Guidelines for calculation of total foreign investment in indian companiespgcinternational
This document provides guidelines for calculating total foreign investment in Indian companies, rules for transferring ownership and control of Indian companies to non-resident entities, and rules for downstream investment by Indian companies. It defines key terms, outlines a methodology for calculating direct and indirect foreign investment, and establishes approval processes for foreign investment in sectors with caps. The annex attached provides more detailed definitions and guidelines.
About the housing finances in India. About the national hosing bank and the functions of it. Then about the micro housing finance corporation and the types of loans, housing and its development. Discussion on the urban infrastructure.
This document summarizes FEMA provisions regarding foreign direct investment in India's real estate sector. It discusses that FDI is permitted for real estate development projects but not for leasing or trading of property. Projects must meet minimum area requirements of 10 hectares for serviced housing plots or 50,000 square meters of built-up area for construction projects. Investors must invest a minimum of $10 million for wholly-owned subsidiaries or $5 million for joint ventures and funds must be brought in within 6 months. There is a 3-year lock-in period on the original investment. Investment is only permitted for new development projects, not for purchasing stakes in ongoing or nearly complete projects.
This document summarizes and analyzes several Press Notes issued by the Government of India in 2009 regarding foreign direct investment (FDI) policies. It discusses Press Note 2, which established guidelines for calculating indirect foreign investment. It defines when an investment in an Indian company by another Indian company will be considered indirect foreign investment based on ownership and control. It also summarizes key points from Press Notes 3 and 4 regarding transfers of ownership/control of Indian companies and downstream investment policies. The document analyzes some issues requiring clarification in Press Note 2, such as how to treat joint ventures with 50% foreign ownership and cases where multiple unconnected foreign companies collectively own/control an investing company. It suggests applying a proportional method for investments below
We learn previously that Swati Enterprises was looking for Capital for expansion in other states and suggestion for sourcing the funds was Financial Market.
But as we have learnt that Financial Market consists of different segments with unique characteristics, like Money Market, Capital Market, Currency market, Commodity market etc., CEO of Swati enterprises went to the expert for suggestion on, from where to source the funds.
After listening to the requirement of funds of Swati enterprises, expert suggested to go for Capital market, but CEO of enterprise was keen to know about Capital Market in detail, so that he can approach the right place as per requirement.
The document discusses the real estate market in India. It notes that the Indian real estate market has seen significant growth in recent years and continues to boom, with development across residential, commercial, and retail sectors. Major real estate companies going public and large investments from both domestic and foreign investors indicate the potential of the Indian property market. The realestateonline.in website provides a platform for buyers, sellers, and dealers of residential and commercial properties across major Indian cities.
The document discusses the history and overview of development banking in India. It notes that the concept of development banking arose after World War 2 to provide reconstruction funds. In India, development banking aims to meet sectoral credit needs, particularly for agriculture and industry. Several specialized development financial institutions were established in India with majority ownership by the Reserve Bank to provide long-term financing. The first development bank was incorporated in 1948 to pioneer institutional credit. Overall, development banking in India focuses on mobilizing savings and channeling investment to priority sectors outlined in Five-Year Plans.
The document discusses various real estate and finance news stories from India, including Yatra Capital investing $1 billion in Indian realty, Allahabad Bank lowering home loan rates, and ICICI Bank setting up a $2 billion infrastructure fund. It also covers new real estate plans and ventures such as Kshitij Investment establishing seven "market cities" and regional realty news from states like Haryana, Uttar Pradesh, and Delhi. International realty news on investments in India by foreign firms is presented as well.
Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.
This was presented by CA. Sudha G. Bhushan as a key note speaker in the national seminar on Foreign INvestment Flows in India organised by Lala Lajpat Rai Institute of Management.
The document discusses various state and national level financial institutions in India such as State Financial Corporations (SFCs), State Industrial Development Corporations (SIDCs), IFCI, ICICI, IDBI, IRBI, and SIDBI. It provides details on their establishment, objectives, functions, management, and sources of funding. The key roles of these institutions are to provide financial assistance and promote industrial development across various sectors in India.
The UAE will invest $75 billion in India's infrastructure to help accelerate development projects under Prime Minister Modi's Vision 2022, including building 100 smart cities and 110 million affordable homes. This investment makes the UAE India's largest development partner and will help boost economic growth from the current 4.5% to between 8-10%. It will fund improvements to connectivity, housing, and urban development needed due to rapid migration from rural to urban areas, which is putting pressure on infrastructure. The investment demonstrates Modi's ability to attract funding and will accelerate his plans if projects are delivered successfully.
Emaar Properties is a global property developer based in Dubai. It has developed integrated residential, commercial, and entertainment centers. Emaar aims to expand its operations internationally and deliver innovative projects adhering to global quality standards. It has established a reputation for delivering visionary developments and establishing new benchmarks for urban planning and real estate development.
Overview Of Foreign Investment Law In Indonesia Leks&Co
The document provides an overview of Indonesia's investment law, which consolidated previous laws governing foreign and domestic investment into a single law in 2007. It defines key terms like domestic and foreign capital investment and investors. The law applies equally to all capital investments in Indonesia, provides protections like guarantees against expropriation, and offers facilities like tax incentives to encourage new investment in pioneering industries. Foreign investors must use a limited liability company form, while domestic investors have more flexibility. The document discusses sectors open to investment and obligations of investors.
The real estate sector in India has grown significantly over the past 5 years and is expected to continue growing. It is the second largest employer in India and is slated to grow 30% over the next decade. The market size of the real estate sector in India is expected to reach $180 billion by 2020, growing at a CAGR of 11.2% between 2008-2020. Residential projects have attracted substantial investment from private equity funds and non-banking financial companies.
The document discusses various concepts related to real estate including assets, investments, and different modes of conducting real estate business. It defines assets and different types of assets such as current and fixed assets. It also explains factors that have contributed to the growth of the real estate sector in India such as rising demand, foreign investment, and expected housing shortage. Additionally, it summarizes different options for structuring a real estate business such as proprietorship, partnership, private/public companies, HUF, trusts, and cooperative societies.
This document summarizes the Indian real estate sector. It discusses that India is expected to become a top 3 global economy by 2025 which will drive significant growth in real estate and infrastructure development. The real estate sector currently contributes around 5-6% to India's GDP but is one of the largest employment generators. While demand has grown for residential and commercial real estate, the sector faces challenges such as lack of transparency, bureaucratic hurdles, and inadequate land and property laws. The document examines opportunities to attract more foreign investment and adopt best practices from countries like China to further develop the Indian real estate market.
The document discusses the Indian real estate sector. It notes that India is expected to become one of the largest economies in the world by 2050. The real estate sector is a major driver of the Indian economy, contributing around 5-6% to GDP. However, the sector has faced challenges such as unorganized growth, stringent FDI policies, and regulatory complexities. Recent reforms have liberalized FDI and modernized land records. Going forward, the sector is expected to grow significantly to meet rising housing and infrastructure demands, though it faces risks such as market transparency and macroeconomic volatility. The document advocates learning from China's experience to further develop the Indian real estate sector.
The document discusses opportunities for global investors in the Indian real estate sector. It notes that India's urban population and economy are growing rapidly, which will drive significant demand for residential and commercial real estate. While some global firms have invested in India, there remains a big gap for technical expertise and funding. The document outlines several areas where global investors could get involved, such as developing projects, providing architectural, engineering, and project management services, and supplying materials. It argues the Indian government's reforms are making the market more attractive for global investment to support the growth of the real estate and broader economy.
The document summarizes the current and future state of the Indian real estate industry. It discusses opportunities in various real estate sectors like commercial, residential, retail, and hospitality. Government policies like lowering interest rates and increasing FDI have supported growth. Recent reforms include allocating funds for smart cities and affordable housing. Overall, the industry is growing due to rising incomes, a booming IT sector, and government promotion of real estate investment.
This document provides an overview of taxation and investment in India. It discusses India's business environment, currency, banking/financing systems, foreign investment policies, and tax incentives. It also covers the various forms of business entities, taxation rules for businesses and individuals, withholding taxes, indirect taxes, labor laws, and Deloitte's office locations in India. The key topics include India's federal democratic system, the three-tier economy, regulation of prices and intellectual property, the banking sector led by the Reserve Bank of India, policies around foreign direct investment, and various tax incentives to promote investment.
Impact of COVID19 on Real Estate in IndiaSam Ghosh
According to a JLL report, sales of residential units decreased by 29% in Q1 2020 over the same period last year. Net absorption of office spaces in Q1 2020 witnessed a decline of 30% from the peak observed in Q1 2019. The real estate industry Is dealing with distress in the short term without any doubt.
Long term prospects are quite mixed though.
Young professionals are likely to avoid shared accommodations in the aftermath of COVID and prefer either owning or renting/leasing private accommodations. A lower interest rate environment creates a favourable environment. Although financial uncertainties may stop them from committing to debt payments. Well designed package of flexible financing, leasing, and payment options may help residential real estate players grow in spite of economic slump.
For commercial real estate players, work from home culture and subdued business sentiment draw a bleak picture. The focus should be on maintaining occupancy and alternative use of assets.
Social distancing, economic distress, and rapid growth of e-commerce may affect long term prospects for retail real estate. Retail real estate players need to adapt to changes in demand. For example, cloud kitchens in place of sit-down restaurants and high-street shops in place of malls.
A lingering fear of infection, work from home culture, etc. may cause medium-term depression in both business and leisure travel. This will result in depressed demand for the hospitality sector for a few quarters. Hospitality real estate players need to find an alternative use for their assets if the hospitality demand does not pick up and operators start going out of business.
The document discusses policies and trends that are altering the Indian real estate sector. It summarizes the performance of the Indian real estate market in the past year, noting that while residential supply increased, demand slowed due to economic uncertainty. For commercial real estate, supply outpaced absorption as corporates deferred expansion plans. The retail sector remained promising despite the economy. Upcoming policy reforms like the Real Estate Regulation Bill aim to increase transparency in the sector.
The document summarizes the Real Estate (Regulation and Development) Bill introduced in India in 2013 and amended in 2015. The key points are:
1. The bill aims to establish regulatory authorities and tribunals to protect home buyers, bring transparency to real estate transactions, and boost investment.
2. It requires registration of real estate projects and agents, and mandates that 70% of funds from buyers be maintained separately for construction.
3. The 2015 amendments expanded the bill's scope to include commercial real estate, strengthened buyer protections, and increased oversight and penalties for non-compliance.
4. The bill aims to restore confidence in the real estate sector and access capital markets through standardized, transparent practices
FALL IN RUPEE - A MAJOR CONCERN FOR THE ECONOMYNeha Sharma
The recent fall of the Indian rupee visà-vis US Dollar and other major currencies have caused serious concern in the business, profession and Indian intellectuals. The fall of Indian rupee indicate serious inherent weakness of the Indian economy and in spite of some arrests of the inflationary tendency the overall outlook is very weak. Some major indicators include:
This document provides guidance on accounting for real estate transactions. It covers the sale of plots of land, development of residential/commercial units, redevelopment projects, and joint development agreements. The guidance note recommends applying the percentage of completion method from AS 7 for transactions similar to construction contracts. For transactions similar to goods delivery, it applies principles from AS 9 on revenue recognition. It defines key terms like project, project costs, and construction/development costs. The objective is to harmonize diverse practices in the real estate sector for revenue recognition.
Real Estate and promotional strategies in Puravankara Projects LtdSrihari Reddy
In today’s dynamic and competitive environment, every business depends on the acceptance of the customers. Customers have numerous choices to make the final decision and they are heavily influencing the companies in regard to the product price, quality and sizes. Among the different marketing communication tools, companies are giving attention to the sales promotion to attract the customers. Therefore, the aim of this research paper is to determine the impact of sales promotion on the consumer home buying behavior.
Industry Review on Real Estate Sector in India.pptxkanhaa5587
The real estate sector in India is a dynamic and rapidly growing industry driven by various factors. With a population of around 1.38 billion and expected to surpass China by 2030, India's economic transformation has positioned it as a promising business environment, particularly in the services sector. The sector has witnessed significant growth, with real GDP averaging 6% per annum since 1992, making India an attractive destination for property investors due to its favorable demographics and strong economic growth.
Historically, the real estate sector in India was unorganized, characterized by challenges like lack of transparency, absence of centralized title registry, and financing issues. However, recent years have seen a shift towards greater organization and transparency, driven by regulatory reforms and government support for repealing outdated acts like the Urban Land Ceiling Act.
Key drivers of demand in the Indian real estate market include rising disposable incomes, increased urbanization, and the growth of the IT and ITES sectors, which have led to a surge in demand for residential and commercial properties. The residential sector is expected to continue demonstrating robust growth, supported by factors like housing finance penetration and tax incentives. Additionally, the commercial real estate sector has seen growth fueled by increased revenues in sectors like IT and ITES, leading to a demand for commercial spaces.
The industry is witnessing a gradual shift in financing methods, with private debt and bank lending emerging as significant sources of real estate finance. Moreover, the sector has attracted substantial private equity investments, with FDI inflows contributing significantly to the growth of the real estate market in India. The government's policy support, including allowing up to 100% FDI for townships and settlements development projects, has further boosted private investment in the sector.
Overall, the real estate industry in India presents a mix of challenges and opportunities, with the sector evolving towards a more regulated and transparent environment. The market is expected to continue its growth trajectory, with increasing investments, policy support, and changing consumer trends shaping the future landscape of real estate in India.
Luxurious Properties for Sale in India - Find Your Dream Home Today!Homlea
Discover your perfect home in India with our extensive selection of premium properties for sale. From spacious layouts to serene surroundings, choose from a variety of options to find your dream home. Find your ideal property today and start your new chapter in beautiful India.
This document contains summaries of several topics related to real estate development and accounting, including:
1) Accounting for real estate transactions is more complicated than a board game and proper recognition and reporting is required.
2) Service tax regulations for construction contractors and activities were specified under different categories until 2012 when new rules were introduced.
3) Other issues related to the construction business include partnership, whether construction is considered manufacturing, redevelopment of societies, and tax section applicability.
This document provides an overview of foreign direct investment (FDI) and foreign institutional investment (FII) in India. It defines FDI and FII, describes the types of FDI and how FII works. The document outlines the benefits of FDI for India such as job creation and technology transfer, as well as challenges. Recent FDI news in India includes large investments from Walmart, Bharti Airtel, and VMware. The Indian government continues to liberalize FDI policies in many sectors like insurance, e-commerce, and banking.
Real Estate Sector In India - Certain Tax and Regulatory Aspects (2013) - RSM...RSM India
The document discusses the proposed Real Estate (Regulation and Development) Bill 2013 in India. The bill aims to regulate and bring transparency to the real estate sector. It mandates the registration of real estate projects and agents. It also requires 70% of funds from projects to be deposited in a separate account. The bill establishes authorities to oversee projects and resolve disputes. If passed, the bill would help protect home buyers and ensure timely completion of projects.
This document provides an overview of financial services in India. It defines financial services as activities, benefits, and satisfactions connected to the sale of money. The main institutional providers of financial services in India are banks, non-banking financial companies, insurance companies, mutual funds, stock exchanges, housing finance societies, and leasing companies. The document discusses key characteristics of financial services like intangibility, being customer-oriented, and relying on information. It also outlines some problems in the Indian financial services sector like a lack of experience, limited innovations, and inefficient technology. The two broad categories of financial services are asset/fund-based services and fee/advisory-based services. Specific financial services discussed include equipment leasing,
IRJET- Impact of Maharera Act on Residential Construction Projects -Case StudyIRJET Journal
This document summarizes the impact of the MahaRERA Act on residential construction projects in India. It begins with an abstract that outlines the objectives of the study - to examine the regulatory framework of the MahaRERA Act and its impact on residential projects. It then provides background on the unregulated real estate sector in India, the issues it faced like delays and disputes, and the need for the Real Estate Regulatory Act (RERA) to establish transparency and protect homebuyers. The key objectives and need for the MahaRERA Act in Maharashtra are described. Finally, it reviews the size and challenges of the Indian real estate industry like lengthy approvals, unclear land titles, high costs,
The document discusses the key aspects of the Real Estate Regulation and Development Bill 2016 in India, including the establishment of the Real Estate Regulation Authority (RERA) to oversee the real estate sector. It outlines the functions and duties of promoters under the bill, exemptions from registration with RERA, important highlights of the bill, and offenses and penalties. The document was for a training on the real estate bill conducted by Vidya Bhagwat.
The document outlines the key provisions of the Real Estate (Regulation and Development) Bill 2016 in India. Some of the main points include:
1) Establishing a Real Estate Regulatory Authority to regulate real estate projects and protect homebuyer interests.
2) Requiring promoters to register residential and commercial projects with the Authority before selling units. Promoters must disclose project details and deposit 70% of funds from homebuyers in a separate escrow account for construction.
3) Empowering the Authority to revoke project registrations for non-compliance and facilitate project completion if needed. Homebuyers can appeal Authority decisions to a new Real Estate Appellate Tribunal.
4) Mandating written agreements
The document discusses the Real Estate (Regulation and Development) Act, 2016 in India. It provides an overview of the need and objective of the act, the process leading to its enactment, its key provisions including applicability to residential and commercial projects over 500 sqm with more than 8 units. It notes that most state governments have yet to establish the required regulatory authorities and appellate tribunals as mandated by the act.
The document discusses the Real Estate (Regulation and Development) Bill 2016, including the establishment of the Real Estate Regulation Authority (RERA) to regulate real estate projects and protect homebuyers. It highlights functions and duties of promoters under the bill, exemptions from registration with RERA, important provisions of the bill, and offenses and penalties. The document was for a training by Vidya Bhagwat on the Real Estate Bill.
This document is a notification from the Housing Department of the Government of Maharashtra dated April 20, 2017 regarding rules made under the Real Estate (Regulation and Development) Act, 2016.
The notification contains details of the rules such as short title and commencement, definitions, information required for registration of real estate projects, disclosure requirements for ongoing projects, and construction and development requirements. Promoters must provide documents like title deeds, plans and agreements, pay a registration fee, and disclose project details. Ongoing projects must apply for phase-wise registration within 3 months and disclose construction status and timelines. Projects must be built as per approved plans.
The document outlines the key provisions of the Real Estate (Regulation and Development) Bill 2016 in India. The bill establishes a Real Estate Regulatory Authority that will regulate real estate projects and protect homebuyer interests. Key points include:
1. Developers must register residential and commercial projects with the Authority before selling units.
2. 70% of funds from homebuyers must be kept in a separate escrow account for construction.
3. Developers can only sell units based on carpet area and must provide details of the project like plans and payment schedules on the Authority's website.
4. Homebuyers have rights to compensation for delays in possession or defects.
This document provides an overview of the Maharashtra Real Estate Regulatory Authority (MahaRERA). Some key points:
1. MahaRERA was established in 2017 to regulate and promote the real estate sector in Maharashtra.
2. It has jurisdiction over the entire state and all commercial and residential projects must register with MahaRERA, with some exceptions.
3. MahaRERA oversees the registration of real estate projects and agents. It also handles complaints filed by homebuyers and promoters.
4. The document outlines the registration processes and requirements for projects and agents. It also discusses financial compliance rules.
The document summarizes key aspects of the Real Estate (Regulation and Development) Act 2016 and Rules 2017 implemented by the Maharashtra Real Estate Regulatory Authority (MahaRERA). It outlines provisions related to the establishment of the regulatory authority and appellate tribunal, mandatory registration of real estate projects and agents, filing of complaints, financial discipline for promoters, transparency requirements, and citizen-centricity. The act aims to regulate and promote the real estate sector in Maharashtra and protect the interests of homebuyers, promoters, and agents through registration, disclosures, and a mechanism for speedy dispute resolution.
The document provides details about a real estate young leadership program offered by the Institute of Real Estate and Finance (IREF) and Symbiosis Institute of Management Studies (SIMS) from December 11-13, 2015. The 10 module program covers topics like project management, traditional and digital marketing, real estate sales, negotiation skills, home loans, and legal aspects. It will include interactive sessions, activities, and module tests. Upon completion, participants will receive an online certification in real estate project/business/sales management jointly issued by IREF and SIMS. The program faculty includes 9 experts with diverse experience in areas like real estate sales, project management, law, finance, and IT.
This document discusses housing finance and home loans. It covers the basics of home loans including the different types of loans, features, and application process. It also discusses interest rates, explaining the difference between fixed and floating rates. Finally, it provides an overview of the approval process for construction projects seeking an approval from a financial institution under the APF process, outlining the required documents.
The document discusses real estate sales trainings by Vidya Bhagwat. It provides a case study of selling 3 BHK penthouse flats with a swimming pool located in the middle of the city priced at 3 Cr + cost. It also outlines the real estate sales and marketing lifecycle which includes 7 stages: 1) feasibility study and market analysis, 2) marketing plan execution and sales team hiring/training, 3) home loan processing, 4) customer handling and closing, 5) money disbursement, 6) customer/bank follow-up, and 7) possession. Factors that affect sales strategy are also listed such as company revenue, vision, and sales team.
This document discusses real estate marketing and sales trainings presented by Vidya Bhagwat. It provides an overview of the agenda and defines real estate marketing as a process of reaching customers with product/service information to generate buying inquiries. It then outlines traditional and new marketing techniques for real estate, and factors like customer profile, project stage, and location that affect marketing strategy. Finally, it presents a case study and recommendation to create a TV advertisement for a new housing township.
The real estate sector in India provides endless opportunities. It includes land and any structures built on it. Real estate is a large market worth $80 billion and is the second largest employer in India. It is linked to over 250 ancillary industries like cement, steel, and building materials. By 2020, India will become the third largest construction market in the world. The real estate sector faces a shortage of over 1 million skilled management professionals. It offers career opportunities in areas like real estate investment, home loans, brokerage, development, appraisal, legal services, and more.
This document introduces an entrepreneurship matrix system to help entrepreneurs measure the clarity of their business ideas and execution plans. It provides details on the components and attributes assessed by the matrix, including business idea, resources, entrepreneur skills, market, customer, product, and financial projections. Entrepreneurs can use the matrix for self-validation, and also to get validation from stakeholders and investors. Validation levels and a clarity barometer are designed to help entrepreneurs understand feedback and align their plans accordingly. The matrix is meant to be flexible and customizable to individual needs.
This document summarizes the agenda and key points from a training on managing real estate construction businesses by Vidya Bhagwat. The agenda includes identifying opportunities, partners and vendors, and analyzing project profitability. For opportunities, it recommends finding upcoming markets with low investment and high returns. For partners, it describes the roles of architects, contractors, project managers and others. Finally, it provides an example analysis of project initiation expenses, ROI calculation factors like saleable area and price, and estimated cash inflows and outflows.
Real estate construction profitability analysis iref virupakshreddvise
This document discusses key terms and concepts related to real estate development profitability analysis. It defines terms like floor area, floor area ratio, transferable development rights, and ready reckoner rates. It also outlines different types of real estate deals like joint ventures and outright purchases. Critical variables that impact profitability are discussed, including deal conditions, land size, construction costs, and sale prices. Formulas for calculating saleable area in different municipalities are provided. An example cash flow spreadsheet is referenced to illustrate how to assess project cash flow and return on investment.
Edp real estate services business guidelinesreddvise
The document outlines guidelines for employees in a real estate services business based on trainings by Vidya Bhagwat. It covers topics such as values of business and ethics, work guidelines like adhering to timelines and asking managers for help, team interaction through respecting others and sharing knowledge, reporting by keeping managers informed and meeting deadlines, handling customers through follow up and communication, office decorum including focus on work and cleanliness, and thanks.
Business development involves one-on-one interactions between business development managers and prospective customers to showcase products and services in order to convert them into users or buyers. It includes understanding the audience and what value is being offered to both parties in the short and long term. The business development process also focuses on clear communication of features, values, and contact information as well as building relationships that can lead to future business. In real estate, common targets for business development include loan companies, auxiliary product manufacturers, marketing firms, and consulting/legal/training companies.
01 managing real estate srevices business edp simsreddvise
This document provides an overview of starting a real estate services business. It discusses classifying real estate services, setting up the business, building a customer base, managing payments and finances, and brand building. The key steps for setting up the business are to identify a service gap, create a legal entity and brand identity, hire employees if expanding, identify and serve customers, and recover payments. Managing payments involves setting standard terms, focusing on customers initially, having 6 months of finances, and breaking payments into installments. Brand building requires identifying a unique name, logo, cards, website, attire, focusing on customer problems, and representing brand value.
Lead generation and customer targeting with technologyreddvise
This document discusses strategies for generating leads and targeting customers for real estate businesses using technology. It covers defining target customer demographics and interests, methods for reaching customers through both online and offline marketing, building an online reputation through clear communication and engagement, and using lead management tools to track leads through the sales cycle in a cost-effective way.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
2. 1.1 Basic Concepts Of Assets And Investments
The real estate sector has to be at the forefront of India‘s
development agenda on account of its obvious potential to propel
economic growth. The importance of this sector is that, it is the
second largest employer next only to agriculture and supports
nearly 250 ancillary industries such as cement, steel, brick, which
are some of the supporting services. Real estate development
market in India is around $12 billion, growing annually at 30 per
sent.
The sector has of late witnessed a spurt in the demand of not
just residential property Trainings but also by Vidya commercial Bhagwat
property. Indian cities
have found a place for themselves on the world map as attractive
investment destinations for international real estate players.
3. What Is An Asset?
Asset can be anything of material value or utility, the entire
property of a person, association, corporation, or estate applicable
or subject to the payment of debts. We can also say that asset is
anything which the business owns or has title to, in short, have
ownership of.
An enterprise usually employs its assets to produce goods or
services capable of satisfying the wants or needs of customers;
because these goods or services can satisfy these wants or needs,
customers are prepared to pay for them and hence contribute to
the cash flow of the enterprise. Cash itself renders a service to the
enterprise because of its Trainings command by Vidya over Bhagwat
other resources.
4. 1. Current Assets
A balance sheet account that represents the value of all assets
that are reasonably expected to be converted into cash within one
year in the normal course of business can be termed as a current
asset. Current assets include cash, accounts receivable, inventory,
marketable securities, prepaid expenses and other liquid assets
that can be readily converted into cash.
In personal finance, current assets are all assets that a person
can readily convert to cash to pay outstanding debts and cover
liabilities without having to sell fixed assets. Current assets include
cash in hand and in the bank, and marketable securities that are
not tied up in long-
Trainings by Vidya Bhagwat
5. 2. Fixed Assets
A long-term tangible piece of property that a firm owns and
uses in the production of its income and is not expected to be
consumed or converted into cash any sooner than at least one
year‘s time.
Buildings, real estate, equipment and furniture are good
examples of fixed assets. Generally intangible long-term assets,
such as trademarks and patents, are not categorized as fixed assets
but more specifically referred to as “fixed intangible assets”.
Fixed assets are items that are for long-term use, generally
five years or more. They are not bought and sold in the normal
course of business operation. Fixed assets include vehicles, land,
buildings, leasehold improvements, Trainings by Vidya machinery Bhagwat
and equipment.
6. Fixed Assets As Investments
Money invested in fixed assets or as per the Income Tax Act,
Capital assets‖ attract the provisions of the Income Tax Act, 1961, in
various ways, such as, Capital Gains, Income from House Property,
Income from Business and profession, etc.
i. Long term investments :
As per Section 2(29A) of the Income Tax Act 1961, long-term
Capital Asset means a Capital Asset which is not a short-term
Capital Asset As per Section 2(29B) of the Income Tax Act 1961
long-term Capital gain mean Capital gains arising from the transfer
of a long-term capital asset.
Trainings by Vidya Bhagwat
7. ii. Short term investments:
As per Section 2(42A) of the Income Tax act 1961, short-term
more than thirty-six months immediately preceding the date of its
Capital asset means a Capital asset held by an assesses for not
more than thirty-six months immediately preceding the date of its
transfer.
• Fixed assets as Stock-in-trade :
As defined in Section 2 (14) of the Income Tax Act 1961, an asset
held as stock in trade does not get covered in the definition of a
Capital Asset hence the capital gains provision does not apply to
them. Any transfer of Stock-in-trade is covered under the profits
and gains of from Business Trainings or Profession.
by Vidya Bhagwat
8. 1.2 What Is The Meaning Of The Term Real Estate?
The term ‘real estate’ refers to land as well as building. The
word ‘land’ includes the air above and the ground below and any
buildings or structures on it. It covers residential houses,
commercial offices, trading spaces such as theatres, hotels and
restaurants, retail outlets, industrial buildings, factories and also
government buildings.
• The transaction includes:
1. Purchase
2. Sale
3. Development of land
Trainings by Vidya Bhagwat
9. The main players in the real estate market include the following :
1. The landlords.
2. The builders.
3. The developers.
4. Real estate agents.
5. Tenants.
6. Buyers.
Trainings by Vidya Bhagwat
10. Transfer of Property Act, 1882
According to (Sec 3), ‘Immovable Property’ does not include standing
timber, growing crops or grass. Thus, immovable property constitute of
‘Building’ and ‘Machinery’ if embedded in the building for the beneficial
use thereof. Then it must be deemed to be a part of the building and the
land on which the building is situated.
General Clauses Act, 1897
As per Section 3(26), ‘immovable property’ shall include land, benefits
to arise out of land and things attached to the earth, or permanently
fastened to any thing attached to the earth. This definition of immovable
property is also not exhaustive.
Trainings by Vidya Bhagwat
11. The Registration Act 1908 :
The definition of the term ‘Immovable Property’ under the
Registration Act 1908, which extends to the whole of India, except
the State of Jammu and Kashmir, is comprehensive. Section 2(6)
defines ‘Immovable Property’ as under:
Immovable Property includes land, building, hereditary
allowances, rights to ways, lights, ferries, fisheries or any other
benefit to arise out of land, and things attached to the earth or
permanently fastened to any thing which is attached to the earth
but not standing timber, growing crops nor grass.
Trainings by Vidya Bhagwat
12. 1.3 Why Real Estate Has Become Buzzword?
• The US$ 50b Indian real estate market is booming and
• expected to grow at 25 per cent annually.
• The boom owing to the consumption powered growth of
• the country‘s economy has seen investors planning nearly
• 250 new shopping malls by 2008, as against just three
• that existed till 2002.
• The central government adopted a regulation in 2005
• allowing foreigners to bid for Indian construction projects
• with local partners and also reducing their minimum
• land holding limit from 100 acres to 25 acres.
• Enthused by the liberalized investment guidelines, a slew
• of foreign builders are rushing to launch projects in Asia‘s
• third largest economy.
Trainings by Vidya Bhagwat
• Expected annual shortfall of 20 m housing units by 2011.
• Mumbai alone would need more than 180,000 housing units.
13. 1.4 Contribution of Real Estate Activity to India’s
Real Estate Sector in India is the second largest employment
generator next only to agriculture. About 250 ancillary industries
directly or indirectly depend on real estate activity. It is difficult to
estimate the exact contribution of the real estate sector to gross
domestic product (GDP) as it appears in a disaggregated and
dispersed form in the National Accounts Statistics.
Residential housing and real estate services (activities of all types
of dealers such as operators, developers and agents connected with
real estate) is covered under the category real estate, ownership of
dwellings, business and legal services. The gross value added in the
ownership of dwellings is equivalent to gross rental of the residential
dwellings less cost of repairs Trainings and by maintenance. Vidya Bhagwat
Gross rental is
estimated as a product of average gross rental per dwelling and the
number of census dwellings and includes imputed rent of owner-occupied
houses.
GDP
14. 1.5 Future of Real Estate Sector in India
The future of the real estate sector in India is going to be
guided by some important factors viz., suitable amendments to
the Foreign Direct Investment guidelines in the townships, housing
built-up infrastructure and the construction development projects
as well as the abolition of service tax on the construction industry
especially the housing sector. Conversely, if the abolition per-se is
not possible then drastic changes/ modifications in the service tax
norms are the need of the hour. This sector is already over-burdened
with taxes; any further imposition of taxes in any form
would adversely affect Trainings the growth by Vidya of Bhagwat
this sector and also the
whole economy as such.
15. I. Foreign Direct Investment :
Till recently, FDI in real estate was restricted to
development of industrial parks, hotels, integrated townships
and SEZs. On March 3, 2005, Government of India replaced the
integrated township policy to permit FDI up to 100% in
townships, housing, built-up infrastructure and construction
development projects, under automatic route (Press Note 2
(2005 series)).
FDI is now permitted in
Townships.
• Housing
• Commercial premises.
• Hotels.
• Resorts.
• Hospitals
Trainings by Vidya Bhagwat
16. • Industrial parks.
• Resorts hospitals.
• Educational institutions.
• Recreational facilities.
• SEZ‘s, etc.
Certain guidelines exist within the reform measures.
Trainings by Vidya Bhagwat
17. II. Public Private Partnership :
Real estate development in India is estimated to be in the
region of USD 12 billion, growing at a pace of 30 per cent each
year. Almost 80 per cent of real estate developed is residential
space and the rest comprise office, shopping malls, hotels and
hospitals. This double digit growth is mainly attributed to the off-shoring
business, including high-end technology consulting, call
centers and programming houses which in 2003 is estimated to
have accounted for 10 million square feet of real estate
development.
Trainings by Vidya Bhagwat
18. 1.6 Selection of Mode of Business for Conducting
Real Estate or Construction Business
The various modes in which an enterprise can be started are as
follows:
A. Proprietorship
B. Partnership
C. (a) Private limited companies (b) Public limited companies
D. HUF
E. Trusts
F. Co-operative societies
Distinguishing characteristics of each of the above:
Trainings by Vidya Bhagwat
19. A. Proprietorship :
1. It is a single person operation. There is no difference
2. between the owner and the company.
3. It is the easiest to set.
4. Profit of the company is the owner‘s income.
5. Liability is unlimited, i.e., Losses may have to be made good out
of the personal assets of the proprietor.
6. The greatest advantage of such an organization is that it requires
minimal of legal documentation.
7. There is no separate law on sole proprietorships.
Trainings by Vidya Bhagwat
20. B. Partnership :
1. Two or more persons can start a partnership.
2. The maximum number of partners which are permissible
3. in a firm is 20 and in the case of banking firms it is 10.
4. The liability of partners in Indian partnerships is joint
5. and several.
6. There is no minimum capital to be subscribed for a
7. partnership.
C. Companies :
1. Company as a legal person—can borrow, lend, enter into
contracts, can sign, can sue and be sued.
2. Has a life beyond the life of the promoters.
3. Can hold assets of its Trainings own.
by Vidya Bhagwat
4. Company seal acts as its signature.
21. (a) Private Limited companies :
Private Limited company means a company formed with the
word private in its name. A private limited company can be
formed with a minimum of 2 members.
• articles of association restricts the right to transfer its shares.
• The minimum paid up capital for a private company would be Rs.
Trainings by Vidya Bhagwat
100,000.
(b) Public Limited companies :
Public Limited company means a company which is not a
private limited company. It does not carry the word ‗private‘ in its
name and also do not have the restrictions as carried out in the
private limited companies. Public limited companies are generally
large companies with widespread shareholding with shares being
quoted in the stock exchange. The minimum paid up capital for a
public company would be Rs 500,000.
22. Trainings by Vidya Bhagwat
D. HUF :
The joint Hindu family form is a form of business organization
in which the family possesses some inherited property. The
inheritance of the property is among the male members. The
share of ancestral property is inherited by a member from his
father, Grandfather and great grandfather.
The important features of the joint Hindu family business are
as follows:
1. Membership By Birth:
Membership of the joint Hindu family business is
automatic by birth of a male child and is not created by an
agreement between persons.
2. Management:
The management vests in the Karta, the eldest
member of the family. However, the Karta may associate other
members of the HUF to assist him.
23. Trainings by Vidya Bhagwat
E. Trusts:
A Trust is created when a donor attaches a legal obligation to
the ownership of certain property based on his confidence placed
in and accepted by the done or trustee, for the benefit of another.
• A trust can be created:
1. By any person competent to contract.
2. With the permission of a principal civil court of original jurisdiction
by or on behalf of a minor.
3. Any person or corporation capable of transferring property or
interest in property can create a Trust.
F. Co-operative Societies :
A cooperative form of business organization is different from
other forms of organization. It is a voluntary association of persons
for mutual benefit and its aims are accomplished through self help
and collective effort.