The real estate sector in India contributed approximately 6% to GDP in FY2016. The annual value added by the real estate sector was estimated to be USD 125 billion in FY2016, with an expected growth rate of 12% annually to USD 200 billion by FY2020. Approximately 30% of household savings in India are invested in real estate. The residential segment accounted for USD 90 billion of value added in FY2016, while the commercial segment accounted for USD 35 billion. Private equity investments in Indian real estate have increased since 2015, with many large international funds investing in major developers. However, the real estate investment trust (REIT) market is still in early stages in India, though new regulations have improved the potential for
In Q1 2017, occupiers mainly continued expansion in
southern peripherals. Though we expect occupier
demand to remain upbeat in these locations, the
upcoming new supply is unlikely to meet the rising
demand in coming quarters resulting in upward
pressure on rents. Absorption of pre-committed
spaces coupled with expected demand upsurge is
likely to outpace the upcoming supply pipeline of 8.1
mn sq ft (757,160 sq m) by the year end.
Demand-supply gap is likely to remain a concern in
coming quarters. While a few grade A office
buildings are likely to see completion towards the
end of 2017, we expect upward pressure on rents at
least in H1 2017. Tenants looking for quality assets
should find their options limited this year given that
most of the new supply is likely to enjoy high precommitment
rates from existing occupiers.
In Q1 2017, occupiers mainly continued expansion in
southern peripherals. Though we expect occupier
demand to remain upbeat in these locations, the
upcoming new supply is unlikely to meet the rising
demand in coming quarters resulting in upward
pressure on rents. Absorption of pre-committed
spaces coupled with expected demand upsurge is
likely to outpace the upcoming supply pipeline of 8.1
mn sq ft (757,160 sq m) by the year end.
Demand-supply gap is likely to remain a concern in
coming quarters. While a few grade A office
buildings are likely to see completion towards the
end of 2017, we expect upward pressure on rents at
least in H1 2017. Tenants looking for quality assets
should find their options limited this year given that
most of the new supply is likely to enjoy high precommitment
rates from existing occupiers.
SECTORAL AND INDUSTRY ANALYSIS OF INDIAN RAILWAYNischal16
This Presentation includes well described analysis on the basis of Sector and Industry of Indian Railway which is considered as the Backbone of Indian Economy. GO through it....
Real estate is one of the fastest growing sectors of the Indian economy and contributes about 5 per cent to India's gross domestic product (GDP).
The country's economic growth is driving the demand for real estate in India. Demand for residential space is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014 - Tier 1 metropolitan cities are expected to account for about 40 per cent of this. The top three cities - Mumbai, the NCR and Bengaluru account for 46 per cent of total office space demand in India.
Indian real estate sector is the fourth largest sector in terms of foreign direct investment (FDI) in the country. During April 2012-January 2013, the sector accounted for 8.8 per cent of total FDI inflows into India. FDI in the sector is estimated to grow to US$ 25 billion in the next 10 years.
Growing requirements of space from sectors such as education and healthcare provide opportunities in the real estate sector. Growth in the number of tourists has resulted in demand for service apartments.
SECTORAL AND INDUSTRY ANALYSIS OF INDIAN RAILWAYNischal16
This Presentation includes well described analysis on the basis of Sector and Industry of Indian Railway which is considered as the Backbone of Indian Economy. GO through it....
Real estate is one of the fastest growing sectors of the Indian economy and contributes about 5 per cent to India's gross domestic product (GDP).
The country's economic growth is driving the demand for real estate in India. Demand for residential space is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014 - Tier 1 metropolitan cities are expected to account for about 40 per cent of this. The top three cities - Mumbai, the NCR and Bengaluru account for 46 per cent of total office space demand in India.
Indian real estate sector is the fourth largest sector in terms of foreign direct investment (FDI) in the country. During April 2012-January 2013, the sector accounted for 8.8 per cent of total FDI inflows into India. FDI in the sector is estimated to grow to US$ 25 billion in the next 10 years.
Growing requirements of space from sectors such as education and healthcare provide opportunities in the real estate sector. Growth in the number of tourists has resulted in demand for service apartments.
HIGHLIGHTS
• uring 1Q 2014, office absorption in eight major cities was recorded at around 8 MN SF, 7% up from last quarter.
•Bangalore and NCR topped the chart contributing 75% in the total absorption.
•All markets, with the exception of Mumbai, Chennai and Pune, have witnessed increase in office absorption.
•With positive signals emanating from the global economy, which finds resonance in our improved export performance, we anticipate further improvement in sentiments after the elections
Global Venture Capital / Private Equity deals in Healthcare / Lifescience sec...India Business Reports
We recorded 50 transactions for June 2018, aggregating to a sum of USD 1.85B. Of these, just over USD1B, amounting to 58% of total deal amount, were reported for US based companies. China recorded around USD450m, or about 25% of total investment. Rest of the world accounted for less than 20%.
Around 60% of investments, spread over 20 transactions, went into supporting R&D stage companies, while the remaining went into healthcare service companies, digital health companies and health-tech providers. In India only 2 deals happened – one in services and another in devices space.
The largest deal was China’s I Mab, which completed a Series C financing for $220 million, representing one of the largest amounts ever raised in Series C by an innovative biotech company in China. I Mab focusses on innovative biologics in therapeutic areas of immuno-oncology and immuno-inflammation.
There were 4 other transactions above USD100: Precision Bioscience, USA; CMR Surgical, UK; Paladina Health, USA; and Stealth Biotherapeutics, USA
Increasing tax collections primarily by reducing evasion is one key focus area of the current NDA government, and its PM Mr Narendra Modi and FM Arun Jaitley. If this get this right, it will indeed be transformative for the Indian economy. Considerable public discussion has occurred on whether the twin initiatives – demonetisation and GST implementation – are mere disruptors or are having any real beneficial impact
IBR was also intrigued by these questions. We realise it is still early days for any results to show up. However, we went about first compiling some historical data for our own understanding. We intend to follow this theme over next few quarters to see where this is going
This data dump is uploaded for public benefit. We hope to make this more robust going forward
Deal activity remained robust with USD901m of reported investments in Jun’17. This lifted ytd2017, essentially 1H2017 reported deal amount to USD 8.2B, 85% more than the USD 4.4B amount reported in Jan-Jun’16.
In terms of number of deals, Jan-Jun’17 (1H2017) lags the same period in 2016, due to drop in angel investments. Deal count so far is 381, down 13% over Jan-Jun’16. Angel/early stage deals reported in ytd’17 number 246, as compared to 314 in the same period last year, entirely accounting for the drop in overall deal count. In contrast, 135 growth/late stage were reported in 1H2017, a growth compared to 125 reported in 1H2016.
In large deals, the biggest by far was Warburg Pincus’ USD 360m investment in engineering services outsourcing firm Tata Teleservices. Canadian fund Fairfax Holdings also closed 2 large deals.
Handicraft exports out of India is a high growth business. Handicrafts exports touched USD 3.66B in 2016-17, a growth of 11% over FY16 in USD terms. In Re terms exports grew 13.8% to Rs245B in FY17, as compared to Rs216B in FY16. These figures does not include export of carpets, which is another sizeable market by itself.
Over and above the handicraft exports, India exported around USD1.8B of carpets an floor coverings. A major portion of this is handmade.
Growth rates for both – handicrafts and carpets – are healthy. Over FY10-17, handicraft exports have grown at ~15% in USD terms. Over FY97-17, a 20 year period, handicraft exports have grown at 10.2% CAGR in Re terms. Growth rate of carpets is slower, but impressive nonetheless. Exports of carpets have grown at 5% in USD terms over the last 5 years, and 13% in INR terms
Most of the exports go to developed markets like USA, UK, Germany and Japan. UAE is also a key market. USA accounts for 26% of handicraft and 50% of carpet exports. UK, Germany, Japan and UAE all account for 5-10% each.
The healthy growth rate is a good sign for Indian artisans. This sector a large employment generator. According to a study commissioned by National Skill Development Corporation (NSDC), the sector employed as many 9.6m people. It has created over 2 million jobs in the last 3 years according to NSDC data. The sector accounts for 15-20% of India’s manufacturing employment. This includes supplies to domestic market, which though is a smaller and less attractive market compared to exports.
Despite the gains made in export growth, India’s share of global handicraft market remains miniscule. According to a media interview given by a senior official The Export Promotion Council for Handicrafts (EPCH), size of the global market is USD 235B. Of this, some is produced and consumed locally. For example USA itself produces USD44B of handicrafts locally, and most likely consumes that locally. It is estimated that global export market could be in excess of USD100B. China is believed to have more than 30% share of the global trade market.
One reason for the small share of Indian handicraft is the fragmented nature of supply chain. The trade is catered to by around 9000 exporter, with maybe not more than 50 companies with revenues of over Rs 1B (USD15m). Their mode of selling is largely through trade shows. The long tail market, or the small retailer in developed countries is not catered to by the Indian exporter.
The report gives a brief overview of the Indian handicraft export business, the key government agencies and private sector companies involved in the same. It also touched upon the global market and some online companies which are created digital marketplaces for handmades.
Deal activity remained robust with USD1.8B of reported investments in April’17. This lifted ytd2017 reported deal amount to USD5.9B, 67% more than the USD3.6B amount reported in Jan-Apr’16.
In terms of number of deals, Jan-Mar’17 lags the same period in 2016, due to drop in angel investments. Deal count so far is 246, down 20% over ytd’16. Angel/early stage deals reported in ytd’17 number 156, as compared to 216, in the same period last year, entirely accounting for the drop in overall deal count.
As many has 7 deals reported invested amount in excess of USD100m. Deal table was led by the USD275m buy out of a BPO called Aegis Limited by Capital Square Partners. Kedaara Capital led a big round in a micro finance firm, and Softbank doubled down on its 2 biggest India investments: taxi hailing business Ola, and hotel room aggregator Oyo.
While investors in India are not aware of this business, globally B2B services to dentistry is a big business. The main segments of this market are: clinic capex; consumables; education, training and exhibitions. The size of this market is around ~USD50B at global level.
The size of the US market is around a third of this, around USD16B. The size of the retail market of dentistry in the US is USD160B. This makes B2B distribution around 10% of the retail market.
In India, we find B2B distribution is around 15-20% of dental revenues (less for more high earning dentists). This makes the size of the dental distribution market between Rs 20-25B.
The US market has concentrated; the two top companies have around 30% market share. This suggests scope for emergence of a scale player in the fragmented Indian market.
After the surge of PE investment in Dec’16, things once again turned tepid in the VC/PE world. Reported investment was just USD 361m in Jan’17, from 29 deals. Total reported deals were 68, the rest did not disclose deal amounts.
Among the notable deals was Warburg Pincus picking up 14% stake in listed multiplex operator PVR Limited for USD120m. This was a secondary transaction, with the promoter and existing investor Multiples PE fund selling stakes.
There were couple of large deals in the healthcare space, with online doctor listing site Practo raising USD55m from Chinese firm Tencent, and nutraceuticals API maker Omniactive Health Technologies raising USD35m from Everstone Capital.
After mostly a disappointing trend of investments through the year, 2016 ended on a high, with reported VC/PE investments coming in at USD 2.4B. This boosted annual total for investment to USD 10.6B.
This was still 24% than the previous year, when USD 13.9B of investment was reported. Deal count for 2016 ended at 842, down 4% over the 881 deals counted in 2015.
Dec’16 total was boosted by a mega USD 1.6B investment by Canada’s Brookfield Asset Management in tower assets to Reliance Communications. This is the second billion dollar deal by Brookfield; it had purchased a portfolio of real estate assets from Mumbai’s Hiranandani Developers in Oct’16.
In fact, Canada’s funds seem to have gone big on India this year. Apart from Brookfield, Fairfax, Canadian Pension Plan Investment Board and CDPQ were active. Between then, these funds have contributed to almost 30% of PE investments reported in 2016.
India is rapidly emerging as a key destination for foreign investment. Both foreign direct investment (FDI) and foreign portfolio investment (FPI) have seen robust growth.
FDI reached an all time high of US$ 56B in 2015-16, 6x more than the figure a decade ago.
Mauritius and Singapore are top FDI investors in India; this is due to tax regime. India has double tax avoidance treaties, and lower local tax rates in those countries mean that investors are routing FDI through them. Also, several investors prefer Singapore as a legal jurisdiction as well.
India has become an important destination for inbound FDI in a global context. In 2015, for ex, it was the seventh meaningful nation, behind the likes of USA, China, Brazil, Canada, UK and Germany. We are ignoring some of the other nations higher up on the list, like Ireland, Hong Kong, Switzerland etc, since these are routing destinations.
The report gives overview of trend in FDI, and the governing regime for FDI in India, including sectoral caps, procedure for setting up a company in India and so on.
Nov’16 again saw poor activity in VC/PE deals in India. Reported deal amount was just USD392m, the second lowest in 2016. This amount was invested over 35 transactions, another 31 chose not to disclose invested amount.
Deal count for the month was 66, taking ytd deal count to 756, 5% down over ytd 2015. The difference in invested amount is much sharper. Cumulative investment in ytd 2016 is USD 8.2B, 38% less over the USD13.3B which was reported in the same period in 2015.
There were very few large deals, only 6 deals reported investments of over USD20m. The largest investment was a USD 75m investment by General Atlantic in IPO-bound housing finance company PNB Housing. In effect, it was a pre-IPO deal. BFSI sector saw 3 other large deals.
Oct’16 saw a jump in amount invested in VC/PE deals in India. Reported deal amount was USD1450m, making October only the second month in 2016 with billion dollar plus investment. This amount was invested over 34 transactions, another 38 chose not to disclose invested amount.
Deal count for the month was 72, taking ytd deal count to 690, 3% down over ytd 2015. The difference in invested amount is much sharper. Cumulative investment in ytd 2016 is USD 7.8B, 35% less over the USD12B which was reported in the same period in 2015.
Reported investment was boosted by 3 large deals. The top one was a USD1B transaction in real estate, where Brookfield Asset Management picked up a folio of commercial and retail properties from Mumbai’s Hiranandani Developers. TVS Logistics attracted USD155m of investment from Canada’s CPDQ, while garment maker Arvind Brands took in USD110m from domestic PE firm Multiples Alternate Asset Management.
August’16 was a better month in terms of announced VC/PE deals. Reported deal amount was USD875m, among better amounts seen in 2016. Deal amount comes from 42 transactions, another 28 chose not to disclose invested amount.
Deal count has also seen a recovery compared to last 2 months. The month saw 70 reported transactions as compared to 49 in Jul’16 and 59 in Jun’16.
Both deal count and amount show a drop on a YoY basis. Cumulative ytd numbers continue to suffer. For ytd 2016 (Jan-Aug’16), cumulative investment was USD5.8B, 36% lower than ytd 2015.
Sectoral allocation of investments continues to show a sharply falling trend in Internet related businesses. For Aug’16, deal count in Internet was 22, as compared to 27 in Aug’15. The sector did see a big transaction, with messenger app Hike witnessing a USD175m investment from Foxconn Technology Group. Hike has seen its valuation rise to unicorn levels.
Warburg did an interesting transaction, when it backed the erstwhile CEO of Future Supply Chain with a hefty USD125m to start a new logistics company. Presumably the idea is to make a few acquisitions.
Incorporated in March 2004, Sresta Natural Bioproducts (Sresta) is a leading organic produce company of India.
Among the organic food companies, Sresta is among the better funded, having raised several rounds of equity funding from 2 different VC funds – VentureEast and Peepul Capital. Together, the two funds own over 70% of equity of the company, and appear to have pumped in close to Rs 400m.
Powered by VC funding, Sresta has reported strong growth. In the 5 year period from 2010-15, it has grown from a revenue of Rs 101m to Rs 1135m, a CAGR of over 60%.
Gross invested amount in Indian VC/PE space rebounded in April, with USD 1635m of capital commitment. This was more than the USD1.5B invested in April’15, and far more than the reported anount of USD 504m in Mar’16.
Total deals reported continued to show a falling trend, with 68 deals reported in April 16, as compared to 75 in Mar’16.
For ytd 2016 (Jan-Apr’16), cumulative investment is running 19% lower than ytd 2015. 34 deals did not disclose amount invested, hence reported amount is only for 34 transactions.
Sectoral allocation of investments is now clearly showing a sharply falling count in Internet related businesses. For Apr’16, deal count in Internet was only 17, as compared to 26 in Apr’15. Barely USD10m of investment amount was reported. This was partly depressed with 10 of the 17 transactions opting to not disclose, however, they were angel type transactions. Late stage transactions were conspicuously absent this month.
Blackstone Group made a big bet by acquiring listed IT company Mphasis in a transaction worth over USD830m. Blackstone will probably pony up more in an open offer. Canada’s Fairfax Corp continued to make big bets, putting down USD250m into chemical entity Sanmar Group.
Gross invested amount in Indian VC/PE space continued to show a weak trend, with March 2016 witnessing USD 504m of reported transaction. This was less than the ~USD 624m of investment reported in Feb’16 and also less than USD 735m reported in Mar’15. For ytd 2016 (Jan-Mar’16), cumulative investment is running 33% lower than ytd 2015. 43 deals did not disclose amount invested, hence reported amount is only for 32 transactions.
The deal count was dropped marginally to 75 for Mar’16, as compared to 78 for Feb’16. Deal count has been trending down over the last 7-8 months, though it does look much better on a yoy basis. Only 53 transactions were reported in Mar’15. In in with recent trend, there is a smart spurt in reported angel investments, leading to higher deal count.
Sectoral allocation of investments shows a spurt in education sector this year. In March, as many as 8 deals were from this sector, as against only 1 in Mar’15. In first 3 months of 2016, education has seen 18 transactions as against 2 in the same period last year. The sector witnessed a big transaction, with Byju’s, a supplementary education company, raising as much as USD75m from Belgian fund Sofina and existing investor Sequoia.
Internet based grocery supplier BigBasket.com raised USD150 from relatively conservative Abraaj Group, known more for investing in banking sector.
Thyrocare Technologies Limited claims to be India’s most advanced totally automated laboratory having its strong presence in more than 2000 cities / towns in India and internationally.
The company was started in 1996, by Dr Velumani Arokiaswamy with a staff of 4 people, with focus on low cost Thyroid testing.
By 2014, it has become India’s most profitable diagnostic business. The company has a highly differentiated business model. It is more of a B2B company, collecting samples from hundreds of dedicated collection points, and also from allied labs. All processing is done in one highly automated lab near Mumbai.
Monthly VC/PE deal count touches all time high in Sep’15
A throbbing environment in early stage funding is pushing up the deal count in India VC/PE space. For the month of September, India Business Reports (www.indiabusinessreports.com) recorded 96 VC/PE type transactions. Of these, 56 were angel/early stage ventures, and the rest were growth/late stage.
Biological E Limited, a company established as far back as 1953, has only recently burst into prominence. BE supplies several essential and lifesaving Vaccines and Pharmaceuticals to UN Agencies viz. UNICEF, Pan American Health Organisations, other global markets and within India to Central and State Government Hospitals, Public Sector Undertakings, the Indian Armed Forces and the domestic retail market.
Riding on stellar growth performance over FY13 and FY14, it has suddenly emerge as a robust highly profitable company. In FY14, BE reported an EBITDA margin of 51%, and a net margin of 34%.
It makes several important vaccines like Pentavalent, which has emerged as a major growth driver. BE has inked several important strategic deals in recent years with leading global pharma companies, allowing robust growth in exports.
Monthly investments in private equity seem to have picked up sharply in India. After 91 reported transactions in July, another 80 transactions were reported in August’15, taking the total deal count in Jan-Aug 15 to 529, almost 60% higher than the same period last year.
Aug’15 saw reported investment of USD 1.3b, as against USD 231m in the same period last year. The surge in investment has meant that total investment in Jan-Aug’15 period now exceeds the total figure for 2014. YTD 2015 investment stands at around USD 9.1b, 5% more than the figure of USD 8.7b reported in entire calendar 2014.
Kindly note, investment amount is not disclosed in many transactions. For ex, in Aug’15, 31 of the 80 reported deals did not disclose the amount invested. The amount figures quoted here are only for the reported deals.
August saw a little more diversity in sectoral focus of transactions. Among the top deals, 2 were from infra space. Macquarie Infra put USD 122m behind Ind Bharath Energy, an electricity generator. Brookefield and Kotak bought out a road portfolio from Gammon Infrastructure Projects.
Food technology sector is witnessing several transactions as well. Couple of outliers deals were in robotics and piping.
Mobile wallets are rapidly emerging as a alternative mode of making payments and transferring money. The document is a very brief note on current information on this space. For a more detailed version, please contact IBR
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Are you searching for your dream home? Finding the perfect house involves more than just browsing listings; it’s about discovering a space that fits your lifestyle and needs. Whether you’re looking for a cozy suburban home, a chic urban apartment, or a spacious rural property, the right real estate can transform your life. Consider the location, amenities, and potential for future growth. Think about the community, nearby schools, and the convenience of shopping and transportation. A good real estate agent can guide you through the process, from identifying suitable properties to negotiating the best deal. Your dream home is out there, waiting to be found – let’s embark on this journey together!
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Real Estate Sector in India
1. www.indiabusinessreports.com
Real Estate Sector In India: Info Review*
Sector: Real Estate
May-2016
*IBR’s Info Reviews are not research reports, but a handy compilation of relevant information
2. Market size
www.indiabusinessreports.com 2Real Estate - India
Source: India Business Reports
Contribution to GDP 6%
India’s GDP for FY16 (Apr’15 to Mar’16) in current prices USD 2068B
Annual real estate value add*
*reported sector turnover will be more than value add
USD 125B
Growth rate 12% (grows in line with nominal GDP)
Expected FY20 size USD 200B
Share of household savings 30% of India’s household saving goes in real
estate
3. Segments
www.indiabusinessreports.com 3
Source: India Business Reports
Segmental value add – FY16
• Residential
• Commercial
USD 90B
USD 35B
Segmental value add – FY20
• Residential
• Commercial
USD 150B
USD 50B
Real Estate - India
4. Urban Housing market has massive growth potential
www.indiabusinessreports.com 4
Source: India Business Reports
The urban housing shortage is estimated at 18.78 million units (Source: Ministry of Housing & Urban Poverty
Alleviation, HDFC Ltd prsentation)
Growth drivers
– Improved Affordability
• Rising disposable income
• Tax incentives (interest and principal
repayments deductible)
– Increasing Urbanisation
• Currently only 31% of Indian population is
urban
– Favorable Demographics
• 60% of India’s population is below 30 years of
age
• Rapid rise in new households
Growth drags
– High interest rates
• While interest rates have started edging down,
still high compared to 7-8 years ago. The RBI has
been following a strong monetary policy to bring
down inflation and protect rupee. Now WPI is
negative, rupee is stable. Interest rates are
directionally headed down.
– High Capital Values
• Real estate prices shot up over 2006-13. Have
been in correction mode for last 3 years. Cycle
could turn in 12-18 months
Real Estate - India
5. Indian Real Estate Index
www.indiabusinessreports.com 5
Source: India Business Reports
Real Estate - India
Base -
2007
Oct-Dec
2012
Jan- Mar
2013
Apr-Jun
2013
Jul-Sept
2013
Oct- Dec
2013
Jan-March
2014
April-June
2014
July-Sept Oct- Dec
2014
Jan-March
2015
Correction
from Peak
Peak
Ahmedabad 100 191 192 186 191 197 209 213 217 215 215 -0.9% 217
Bengaluru 100 106 109 108 107 111 107 108 109 113 115 0.0% 115
Chandigarh 100 0 194 191 192 188 183 175 174 173 169 -12.9% 194
Chennai 100 314 310 303 318 330 349 355 362 366 364 -0.5% 366
Coimbatore 100 0 184 178 178 173 170 176 180 176 179 -2.7% 184
Delhi 100 195 202 199 190 196 199 193 189 189 190 -5.9% 202
Faridabad 100 205 207 202 204 209 209 211 216 222 224 0.0% 224
Hyderabad 100 90 88 84 88 93 95 95 93 95 97 -3.0% 100
Jaipur 100 87 112 110 108 105 101 102 101 103 102 -8.9% 112
Kochi 100 87 89 86 86 85 85 86 88 88 88 -12.0% 100
Kolkata 100 209 197 189 199 196 206 211 209 215 212 -1.4% 215
Ludhiana 100 179 167 157 150 150 145 147 146 147 145 -19.0% 179
Mumbai 100 217 222 221 222 222 229 233 238 240 238 -0.8% 240
Pune 100 205 221 219 219 235 232 241 242 247 251 0.0% 251
Surat 100 150 140 142 145 154 165 161 160 164 168 0.0% 168
Vijayawada 100 185 184 174 167 161 160 163 161 162 163 -11.9% 185
RESIDEX is an index launched by government owned National Housing Bank in 2007. Select data..
The latest available reading is a year old. Prices have largely corrected since then, except in cities like Hyberabad
which is witnessing a long overdue revival.
In general, non-metro cities (outside top 8) have witnessed strong appreciation in the last 3-4 years
6. India’s top cities: 53 cities have population above 1mn
www.indiabusinessreports.com 6Real Estate - India
City State Population Type City State Population Type
1 Mumbai Maharashtra 183,94,912 Metro 28Ludhiana Punjab 16,18,879 Tier-I
2 Delhi Delhi 163,49,831 Metro 29Nashik Maharashtra 15,61,809 Tier-I
3 Kolkata West Bengal 140,57,991 Metro 30Vijayawada Andhra Pradesh 14,76,931 Tier-I
4 Chennai Tamil Nadu 86,53,521 Metro 31Madurai Tamil Nadu 14,65,625 Tier-I
5 Bangalore Karnataka 85,20,435 Metro 32Varanasi Uttar Pradesh 14,32,280 Tier-I
6 Hyderabad Telangana 76,77,018 Metro 33Meerut Uttar Pradesh 14,20,902 Tier-I
7 Ahmedabad Gujarat 63,57,693 Metro 34Faridabad Haryana 14,14,050 Tier-I
8 Pune Maharashtra 50,57,709 Metro 35Rajkot Gujarat 13,90,640 Tier-I
9 Surat Gujarat 45,91,246 Tier-I 36Jamshedpur Jharkhand 13,39,438 Tier-I
10 Jaipur Rajasthan 30,46,163 Tier-I 37Jabalpur Madhya Pradesh 12,68,848 Tier-I
11 Kanpur Uttar Pradesh 29,20,496 Tier-I 38Srinagar Jammu and Kashmir 12,64,202 Tier-I
12 Lucknow Uttar Pradesh 29,02,920 Tier-I 39Asansol West Bengal 12,43,414 Tier-I
13 Nagpur Maharashtra 24,97,870 Tier-I 40Vasai-Virar Maharashtra 12,22,390 Tier-I
14 Ghaziabad Uttar Pradesh 23,75,820 Tier-I 41Allahabad Uttar Pradesh 12,12,395 Tier-I
15 Indore Madhya Pradesh 21,70,295 Tier-I 42Dhanbad Jharkhand 11,96,214 Tier-I
16 Coimbatore Tamil Nadu 21,36,916 Tier-I 43Aurangabad Maharashtra 11,93,167 Tier-I
17 Kochi Kerala 21,19,724 Tier-I 44Amritsar Punjab 11,83,549 Tier-I
18 Patna Bihar 20,49,156 Tier-I 45Jodhpur Rajasthan 11,38,300 Tier-I
19 Kozhikode Kerala 20,28,399 Tier-I 46Raipur Chhattisgarh 11,23,558 Tier-I
20 Bhopal Madhya Pradesh 18,86,100 Tier-I 47Ranchi Jharkhand 11,20,374 Tier-I
21 Thrissur Kerala 18,61,269 Tier-I 48Gwalior Madhya Pradesh 11,17,740 Tier-I
22 Vadodara Gujarat 18,22,221 Tier-I 49Kollam Kerala 11,10,668 Tier-I
23 Agra Uttar Pradesh 17,60,285 Tier-I 50Durg-Bhilainagar Chhattisgarh 10,64,222 Tier-I
24 Visakhapatnam Andhra Pradesh 17,28,128 Tier-I 51Chandigarh Chandigarh 10,26,459 Tier-I
25 Malappuram Kerala 16,99,060 Tier-I 52Tiruchirappalli Tamil Nadu 10,22,518 Tier-I
26 Thiruvananthapuram Kerala 16,79,754 Tier-I 53Kota Rajasthan 10,01,694 Tier-I
27 Kannur Kerala 16,40,986 Tier-I TOTAL 1916,27,571
7. Indian real estate private fund market size
www.indiabusinessreports.com 7
Source: India Business Reports
Real Estate - India
• PE transactions in Indian real estate have picked up
since 2015. This is both local money and foreign
money
• Investments are expected to surge further this year.
• This is due to improved regulations
• FDI data corroborates our own PE deal data
• Shows a surge in 2015 (this is only first half data)
Source: Morgan Stanley
Foreign Direct Investment Data 0
500
1000
1500
2000
2500
3000
3500
2013 2014 2015
PE deals in Indian Real Estate
8. The main operator of the Indian real estate private fund (Asset management company)
www.indiabusinessreports.com 8Real Estate - India
Date Investor (s) Target Amount ($m)
03-Sep-15 GIC DLF Home Developers 300
21-Jul-15 Warburg Pincus Piramal Realty 284
25-Jun-15 SPREP Pte Ltd SP Infocity IT Park 220
30-Mar-15Piramal Fund Management Omkar 1973 Worli 190
01-Jun-15 Blackstone 247 Park 166
17-Aug-15 Goldman Sachs Piramal Realty 150
31-Jul-15 Standard Chartered PE, IFC, ADB Shapoorji Pallonji & Company 140
17-Feb-15 Equis Funds Group Assetz Property 116
10-Apr-15 Piramal Capital VGN 107
16-Dec-15 ASK Property Investment Advisors Rajesh LifeSpaces 54
20-Jun-15 Temasek Oberoi Realty 51
09-Sep-15 IndoStar Capital Finance Orris 49
03-Aug-15 Ascendas aVance 3 46
04-Feb-15 GIC Pvt Ltd Jain Housing and Construction 38
28-Apr-15 Piramal Fund Management Ganesh Housing, 35
20-Feb-15 Piramal Fund Management, Aditya Birla PE Adarsh Developers 33
16-Jul-15 Edelweiss Financial Services Saya Homes 31
22-Dec-15 KKR SARE Homes Pvt Ltd 30
12-May-
15 IFC Tata Value Homes 25
05-Mar-15Aditya Birla Real Estate Fund Ozone Group 21
09-Jun-15 Stichting Van Herk Investments Value & Budget Housing Corporation 20
01-Sep-15 Reliance Capital Asset Management Unishire 19
25-Nov-15 ASK Group ATS Group 19
11-Dec-15 JP Morgan Asset Management Kolte-Patil Developers Ltd 18
17-Mar-15Motilal Oswal Real Estate Rajesh Lifespaces 17.9
• Many large international funds are
investing, like
• GIC & Temasek
• Warburg
• Blackstone, KKR
• Goldman Sachs, JP Morgan
• Top Indian real estate funds
• Piramal Fund Management
• ASK Group
• Motilal Oswal Real Estate Fund
• Reliance Capital
• Aditya Birla Real Estate Fund
9. Indian REIT market - USD 18B REIT potential
www.indiabusinessreports.com 9
Source: Axis Bank Report
Real Estate - India
• REITs are yet to take off in India, but changes made in regulation recently raise the hope that this year we will see
some REIT creation
• The Budget 2016-17 clearing the key hurdle of Dividend Distribution Tax (DDT)
• 1-2 foreign REITs have been around for last 5-6 years, the main one being Ascendas, located in Singapore, but for
Indian assets (see note later on Ascendas)
• As per Jones Lang LaSalle, REIT-able Grade A office space totals ~229 msf in India across 727 assets.
Conservatively assuming that ~50% of this is REIT-able and an average sub-dollar rent of Rs 70/ psf, it would
translate into a USD 18B of REIT value creation potential (based on a cap rate of 8% and an exchange rate of Rs
65/ $)
• With vacancies across Indian cities at near lows, rentals expected to inch up and interest rates coming down, this
is an opportune time for listing of I-REITs
• With REITs accounting for ~75% of the ~USD 1.8T global real estate securities market (as of Sep’15), I-REITs too
shall account for a bulk of the listed real estate space in India over the next decade
10. Indian REIT market - USD 18B REIT potential
www.indiabusinessreports.com 10Real Estate - India
Like REIT promoters: Annuity asset owners such as DLF, Prestige, Phoenix Mills, OberoiRealty,
Brigade Enterprises
Source: Axis Bank Report
11. Like REIT promoters
www.indiabusinessreports.com 11Real Estate - India
• Likely REIT promoters: Annuity asset owners such
as DLF, Prestige, Phoenix Mills, OberoiRealty,
Brigade Enterprises
• Ascendas India Trust (a-iTrust) is an existing trust
launched in Singapore in 2007, with capital
commitment of SGD 1000 mil. Its expiry is 2016
12. Ascendas India Trust – a Singapore based REIT for India
www.indiabusinessreports.com 12Real Estate - India
Source: Axis Bank Report
13. Ascendas India Trust – List of properties
www.indiabusinessreports.com 13Real Estate - India
Source: Axis Bank Report
Ascendas
OneHub
Gurgaon
OneHub Chennai International
Tech Park
Gurgaon
Ascendas
OneHub
Coimbatore
Description IT Special
Economic Zone
(SEZ)
Mixed-use IT SEZ IT SEZ
Location Gurgaon Chennai Gurgaon Coimbatore
Area 63 acres 1,450 acres 110 acres 59 acres
NLA 548,000 sq ft N/A N/A N/A
Development Mix IT / ITES,
commercial
Industrial,
commercial and
residential
IT / ITES,
commercial
IT / ITES,
commercial
MTB / Single user MTB N/A MTB MTB
Industry Cluster
Target
IT / ITES F&B, Automotive,
Electronics
IT / ITES IT / ITES
14. Major developers of India – Listed companies
www.indiabusinessreports.com 14
Source: India Business Reports
Real Estate - India
Figures in USDm
• These are some of the listed companies. Financials have shrunk due to slowdown in sales velocity
in the last 2-3 years
• However, many large companies are not listed
Company Name Market Cap Net Sales EBITDA PBT PAT Equity Debt
1 DLF Ltd. 3,410 1,311 485 100 75 4,378 3,932
2 National Buildings Construction Corporation Ltd 1,802 772 69 60 45 213 -
3 Oberoi Realty Ltd. 1,452 154 99 79 51 744 145
4 Godrej Properties Ltd. 1,110 309 55 52 38 296 560
5 Prestige Estate Projects Ltd. 1,018 564 175 101 59 614 651
6 Indiabulls Real Estate Ltd. 729 439 113 56 44 1,151 1,051
7 Phoenix Mills Ltd. 717 270 127 22 14 267 567
8 Housing Development & Infrastructure Ltd. 593 174 139 48 35 1,667 1,734
9 Sobha Ltd. 461 392 101 60 39 390 330
10 Omaxe Ltd. 427 235 44 18 10 317 176
11 Mahindra Lifespace Developers Ltd. 286 184 78 68 46 235 198
12 Brigade Enterprises Ltd. 268 214 65 28 19 219 267
15. www.indiabusinessreports.com 15
Top 10 Mumbai Residential Developers Listed? Top 10 Mumbai Office Developers Listed?
1 Lodha Group No Indiabulls Real Estate Yes
2 Indiabulls Real Estate Yes K Raheja Constructions No
3 K Raheja Corp No Peninsula Land Yes
4 Runwal Group No Lodha Group No
5 Kalpataru Group No K Raheja Corp No
6 Hubtown No Ekta Builders No
7 Oberoi Realty Yes Kanakia Spaces No
8 Hiranandani Developers No Raheja Universal No
9 Sheth Developers No Satellite Group No
10 Wadhwa Group No Wadhwa Group No
Major developers of India – Overall
• This is a city list for Mumbai. As can be
seen, 8 out of 10 top developers are
unlisted.
• Top developers in India develop do 3-
10mn sft per year
Top 10 Bangalore Residential Developers Listed? Top 10 B'lore Office Developers Listed?
1 Brigade Group Yes Ascendas Yes
2 Sobha Developers Yes Bagmane Developers No
3 Mantri Developers No Brigade Group Yes
4 Nitesh Estates Yes Divyasree Developers No
5 Prestige Group Yes Embassy Property Developments No
6 Puravankara Yes Kalyani Developers No
7 Salarpuria Group No Prestige Group Yes
8 Shriram Properties No Primal Projects No
9 SJR Group No RMZ Corp No
10 Century No Salarpuria Group No
• Bangalore has slightly higher
percentage of listed developers
Source: Bloomberg. This is a 2014 list
Real Estate - India
16. Real estate investment situation by India of institutional investors (the ratio of the real
estate investment in the portfolio)
www.indiabusinessreports.com 16
Source: India Business Reports
Real Estate - India
• The annual requirement:
• Typically, the developer fund to have 10-20% of project cost, rest coming from customer
• This implies developers needed to fund around USD25-50B
• Sources of developer funding
• PE funding in 2015 was USD 3B as per IBR data. We have seen some other sources mention a figure of
USD 5B as well)
• Bank financing to construction was around USD14B for FY16
• We think the remainder would be builder’s equity, plus borrowing from unstructured markets – like
NBFCs and private lenders
• Mortgage market in India (consumer funding)
• Annual incremental mortgage is around USD 45B
17. Size of outstanding mortgage credit in India – still less than 10% of GDP
www.indiabusinessreports.com 17Real Estate - India
18. Investment situation, such as a pension of foreign institutional investors to the Indian
real estate
www.indiabusinessreports.com 18
Source: India Business Reports
Real Estate - India
• Foreign pension funds are not investing directly currently, no deal as per our records. However, their money
could be coming in via global funds like Blackstone and KKR which are actively investing
19. Property management companies active in India
www.indiabusinessreports.com 19
Source: India Business Reports
Real Estate - India
Most large property management and consulting first firms are there
1. JLL
2. Knight Frank
3. CB Richard Ellis
4. DTZ / Cushman & Wakefield
20. Major industry bodies in India
www.indiabusinessreports.com 20
Source: India Business Reports
Real Estate - India
CREDAI: The Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body for
private Real Estate developers in India.
It has over 11500 Members through 23 State Chapters and 156 City Chapters
National Association of Realtors: NAR-INDIA has been fashioned as a single national level umbrella
organization representing the interests of thousands of realtors/brokers operating all over the country
21. Ministries of real estate in India
www.indiabusinessreports.com 21
Source: India Business Reports
Real Estate - India
Ministry of Housing and Urban Poverty Alleviation (Central government)
The Ministry of Housing and Urban Poverty Alleviation is the apex authority of Government of India at the
national level to formulate policies, sponsor and support programme, coordinate the activities of various
Central Ministries, State Governments and other nodal authorities and monitor the programmes concerning
all the issues of urban employment, poverty and housing in the country. The Ministry of Housing and Urban
Poverty Alleviation is headed by Shri M. Venkaiah Naidu
However, role of central ministry in housing is limited. In the Federal structure of the Indian polity, the
matters pertaining to the housing and urban development have been assigned by the Constitution of India to
the State Governments. The Constitutions (74th Amendment) Act have further delegated many of these
functions to the urban local bodies.
22. Indian universities and research institutions active in this sector
www.indiabusinessreports.com 22
Source: India Business Reports
Real Estate - India
Civil Engineering undergrad colleges
• The IITs are the best. Among them, University of Roorkee (now called IIT Roorkee), IIT Kanpur, IIT Chennai, IIT Madras
Post graduate construction management
• National Institute of Construction Management and Research (NICMAR), Pune and Hyderabad (has other centre also,
but Pune and Hyderabad are better). NICMAR is very active in research. NICMAR is recognized as “Scientific and
Industrial Research Organization (SIRO)” by Dept of Scientific and Industrial Research, Ministry of Science and
Technology since 1990.
Institutes with Urban Planning focus
• CEPT University (Centre for Environmental Planning and Technology) at Ahmedabad: Has 5 departments – Architecture,
Planning, Design, Technology and Management
Architecture Colleges
• School of Planning and Architecture, New Delhi
• College of Architecture, Chandigarh
• JJ School of Arts, Mumbai
23. Recent trends of the real estate market in India, Future Prospects
www.indiabusinessreports.com 23Real Estate - India
Better FDI Norms
Rapid relaxation of minimum investment norms
When FDI was allowed first in 2005, the conditions were
• 50,000 sq meters of built-up area
• Min USD10m
In Oct’14, this was relaxed to
• 20,000 sq meters of built-up area
• Min USD5m
Then in Nov’15, these conditions were totally removed. This means, any project regardless of size which is under construction can
have access to FDI. Foreign investment can now be brought into the construction sector in any amount and for any size of project.
Better exit norms
Earlier, it was on completion of project. Now, 2 very important changes have been done:
• A foreign investor is permitted to exit and repatriate foreign investment before the completion of project under
automatic route, provided that a lock-in-period of three years, calculated with reference to each tranche of foreign
investment has been completed.
• Moreover, the transfer of stake from one non-resident to another non-resident without repatriation of investment will
neither be subject to any lock-in-period nor to any government approval.
Furthermore, exit is permitted at any time if project or trunk infrastructure is completed before the lock-in-period
24. Recent trends of the real estate market in India, Future Prospects
www.indiabusinessreports.com 24Real Estate - India
Real Estate (Regulation and Development) Bill
This was passed in Dec’15, it is a big development provide a much better regulatory framework to the industry. Key points:
• It regulates both commercial and residential real estate projects;
• It seeks to set up Real Estate Regulatory Authority in states and union territories to oversee real estate transactions;
• It makes registration of real estate projects and real estate agents with the authority mandatory;
• It makes mandatory disclosure of details of all registered projects, including those about the promoter, project, layout plan,
land status, approvals, agreements along with details of real estate agents, contractors, architect, structural engineer etc;
• Developers have to deposit specified amount in a separate bank account to cover the construction cost of the project for timely
completion of the project;
• It seeks to establish fast track dispute resolution mechanisms for settlement of disputes through adjudicating officers and
Appellate Tribunal;
• The bill bars civil courts from taking up matters defined in it. However, consumer courts are allowed to hear real estate matters.
There are 644 consumer courts in the country. The more avenues for grievance redressal would mean lower litigation costs for
the buyers.
• Promoters are barred from changing plans and design without consent of consumers.
25. Future trends likely to impact the sector
www.indiabusinessreports.com 25
Source: India Business Reports
Real Estate - India
FDI in real estate expected to increase
• We have already seen the trend in 2015, when FDI in reach estate increased by almost 3x
• In 2016, also trend remains robust
Commercial demand picking up
• Recent news flow suggest office demand is picking up after 3-4 years of stagnation
Mass housing the big trend in residential
• Most builders looking at mass housing, remains the fastest selling segment. For ex, Shapoorji Pallonji has
inked a large USD 250m+ deal with JP Morgan and IFC
Reit IPOs may come about
• With tax guidelines simplified for REITs, expectations is that we could see a listing in FY17
• Some names being talked about – DLF, Blackstone-Embassy group, Phoenix Mills