GREAT OPPORTUNITY FOR NRI’S

Since August 2011, the Indian rupee has depreciated by over 20 percent against the American dollar. During the same time it has also fallen against many other major currencies – 12 percent against the pound, 6 percent against the euro and 21 percent against the yen.

While this does not bear good tidings for the Indian economy and domestic markets, the falling rupee has served as a trigger for NRIs looking to invest in the Indian property market. The weak currency ensures NRIs receive more funds on conversion thus making the property cheaper.

At the same time, the Indian government has simplified the rules and regulations for non-residents who are looking for an investment in real estate in India. The recent approval of the Real Estate (Regulation and Development) Bill by the Cabinet offers the buyer increased transparency in the real estate market. The bill demands mandatory declarations from the developer community to ensure a higher level of project accountability and to eliminate false information from the property market. It also calls for the compulsory registration of real estate agents. These measures will boost the confidence of NRIs wanting to invest in India.

Additionally, the RBI regulations defining the purchase and sale of immovable properties in India by a Non Resident Indian have been modified in recent times to ensure a hassle free and simple experience without any problems. The NRI investing in India can also enjoy tax benefits designed especially for him. For instance, an NRI is applicable to pay capital gains tax when he sells property, but he enjoys a special benefit towards home loan repayment. Also the entire amount that he pays towards the interest of the home loan is deductible from their taxable income unlike the rupees150,000 slab for Indians.
To add to this, the market too is ready to embrace NRI investors with many developers offering custom made offers especially for non-resident buyers.

All of these critical factors have worked together to create a favorable environment for NRI investments. Under these circumstances the current depreciation of the rupee has served as a catalyst to transform the Indian property market from a favorable environment to an excellent investment opportunity that promises a lucrative return on investments.

According to analyst’s inputs from markets across the country, NRIs today are keen to invest in real estate in India and take advantage of the opportunity. Indian realty portals have seen a surge of international web traffic and enquiries. However this interest does not always convert into an investment. A prime reason for this is lack of expert guidance as well as logistical constraints in identifying the right property, making on site visits, negotiating a deal, and ensuring necessary documentation.

Understanding this challenge, ACE REALTY has launched Assisted Property – A unique service which helps homebuyers and investors navigate the real estate market from any part of the globe. As part of this service, users will be assigned a dedicated property search manager to research the market and to help shortlist properties tailored to meet their singular requirements.

With this service, ACE REALTY has helped bridge the gap between intent and investment, thus making the property buying experience easier for Indians and NRIs alike.

Gujarat is now at an initial stage of experiencing a growth or boom with exciting developments happening in its industrial sector. More and more national and foreign companies have planned and executed their business through Gujarat. These industries have increased focus on Gujarat and all their manpower is now being deployed accordingly in the state. With citizens flowing in from different corners of the country there is a growing requirement of rented properties including mid sized and luxury apartments, row houses, tenements, bungalows and luxury bungalows, as all types of executives seek Gujarat as their new abode.

Also, the state is developing strongly as an educational hub. Cities like Ahmedabad, Baroda, Surat, Nadiad, Rajkot, Jamnagar, Bhavnagar etc. have seen a sudden spur in the last decade of students migrating to these cities for pursuing schooling, graduation and professional courses. These students belong from the smaller towns, villages of Gujarat, as well as the neighboring states. Eventually these students aim at settling in these major cities of Gujarat for good.

PROPERTY UPDATE

WHY TO INVEST IN PRE-LEASED PROPERTIES AT AHMEDABAD (INDIA) ?
PRE-LEASED commercial properties provide fixed lease income over a 3 to 9 year period and successively exit with a reasonable high capital escalation.

India is going through a phase of high inflation and high interest rates. Repo rate (Repo rate is the discount rate at which banks borrow from RBI) & Reverse Repo rate (Reverse repo rate is the rate at which RBI borrows money from banks.) are 7.50% and 6.50% respectively. To limit inflation Interest rates are high.

When RBI will slowly reduce the interest rate, once inflation is under control during such phase preleased properties are best options to get good rental yields & exit at such a point will give best returns for your investment.

In Ahmedabad most of the PRE-LEASED PROPERTIES are FREE-HOLD PROPERTIES – you become the exclusive owner of the property as well as the land (with proportionate pro-rata share) on which it is constructed. It gives ownership right to the property holder.

EXPECTED RETURNS ON PRE-LEASED PROPERTIES WITH RESPECTIVE TENANTS:

1. If the tenant is Bank the rental yield is 6% to 6.5% of the investment, because these tenants stay for a longer period, so it yield lower returns.

2. If the tenant is MNCs they deliver high rental yields, in the bracket of 8% to 9%.

Ahmedabad, one of the top metropolitan cities of India is also an ideal place to live in India. Compared to other metros like Delhi, Chennai or Mumbai, the cost of living here is much affordable. The city is safer and an ideal place to live in India incorporated with quality infrastructure, commercial and luxurious residential developments, facilities for transport, education, entertainment, medical assistance and much more. The city is preferred as a destination for real estate investment by many Indian as well as non-residential property buyers.

Flats are a trend among the modern property buyers looking for stylish and luxurious homes within budget. As compared to other properties like independent homes or bungalows, flats are very economically priced and therefore can best meet the needs of average income property buyers. Especially in metropolitan cities in India, the trend of flats is rapidly increasing as land resources are on the verge of depletion and the property prices seem to be reaching the skies. The properties like bungalows or independent homes which were preferred for luxuries earlier are now out of reach of the average income sections. Finding bungalows or spacious independent homes at an affordable price in a metropolitan city in India today is a task that is just next to impossible. Therefore the average income sections are looking for alternatives for luxuries and what can be much better than a flat.

A flat in city of modern India is available in luxurious specifications and is also within the reach of average classes. Therefore flats in metropolitan cities are in demand among the Indian property buyers. Talking about the finest metro in India for property investment, Ahmedabad is surely an ideal option. The city with its all round developments and ideal living facilities is among the most favorable destinations for living in India. It is much safer and also more affordable in terms of living as compared to other prime metros like Delhi or Mumbai. THE PROPRTIES IN AHMEDABAD city are available at much lower prices and therefore are the choice of majority of the investors looking for a budget investment in prime cities of the country. Today there are several options for a property investor looking to invest in PROPERTY There are apartments, bungalows, penthouses, township homes, tenaments and independent homes available in different formats, luxuries and specifications across various areas in the city. However flats including the lavish 4 BHK and 3 BHK, affordable 1 BHK and 2 BHK APARTMENTS are much popular and are among the top selling properties in the Gujarat state.

Talking about two bedroom flats, a modern 2 BHK APARTMENT can be got in best specifications and globally acclaimed features and facilities. One can find the best flats in prime areas of the city like S.G Highway, Satellite, C.G Road, Thaltej etc. The 2 BHK flats found in these regions of the city are very stylish and are ideal homes for those looking to buy a posh and well-facilitated home at comparatively affordable price in the prime areas of the city. These flats are not only well-furnished and posh, but are also spacious and often come with options like open gallery space. The modern flats found in Ahmedabad city have a touch of Vaastu principles which are considered to be the primary requirements for a home playing an important role in offering a favorable lifestyle to the residents. Flats which were earlier considered no more than the community living homes are now preferred by most of the home buyers for their luxuries, amenities and safety features. Living in a residential apartment flat provided with 24 hour security facilities is much safer than in an independent home and therefore is the choice of several residential property buyers in the city.

PROPERTY UPDATE

Ahmedabad, the largest and the most popular city of Gujarat state is also a destination for several property investors looking to invest in real estate of rapidly developing metros of India. The buyers who want to invest their money in good profit incurring properties in the country can rely on the Ahmedabad properties for long term benefits. Ahmedabad, the rapidly developing tier II city of Gujarat is the destination for several industrial, commercial and real estate developments. The city is flourishing at faster pace under the leadership of the chief minister, Narendra Modi, an innovator and visualizer himself. Several human welfare programs and steps have been taken up in the recent times under the guidance of this powerful and intellectual leader who has considerably enhanced the living standards of people in Gujarat with his continuous efforts. Today Ahmedabad is one of the most comfortable, secure and best cities in the country offering an ideal living environment to the residents. From good transport facilities to various civic amenities like hospitals, schools, educational institutes, entertainment facilities, shopping zones, banks, everything which can make living easier and joyful can be found at the best in the city today.

Talking about the residential PROPERTIES IN AHMEDABAD today flats are in good demand in various parts of the city. The demand for flats in the city arises not only from the localites but also from the migrants who have flocked to the city for reasons like education, job, business etc. These migrants require an affordable place to live in the city for short term and therefore often go for the flats.

Whether suburbs or prime areas, flats are available in much affordable price and therefore are the prime entities for real estate investments in the city. THE APARTMENTS in ahmedabad can be found in different formats and can be selected as per one’s choicest requirements. There are affordable flats like 1 and 2 BHK flats and also the 3 and 4 BHK flats which are lavish and spacious properties offering high-end luxuries similar to that of bungalows found in the city. The modern residential apartment flats in Ahmedabad are facilitated with international standard features and amenities. These international standard properties are built in accordance to the best global construction standards. They are stylish abodes incorporating some of the most stylish and luxurious facilities found in homes of the western countries. While 1 and 2 BHK flats are in demand among the middle-class sections, 3 and 4 BHK flats are in good demand among the higher income sections who can afford to invest a bit more for luxuries.

Just like any other city, the Ahmedabad flats are also rated depending on the area in which they are located. Areas like Satellite, C.G Road, Thaltej, S.G Highway etc are among the prime areas of the city where the flats are bit costlier than those found in suburb regions of the city like Naroda, Rakhial, Vatva, Bapunagar etc. For those looking for affordable flats in posh regions of the city, going for 1 or 2 BHK flats will be a good choice. However it is still possible to find affordable flats in some of the happening areas of the city because of the efforts of real estate advisers like-ACE REALTY SERVICES -HELP YOU FIND THE APPROPRIATE MATCH

PROPERTY ALERT

After an all-pervading real estate lull over the last nine months, the Reserve Bank of India’s Residex figures indicates just a 6.1% rise in property prices in the October-December quarter over the June-September quarter last year, for the entire city. The latest Residex figures released by the National Housing Bank (NHB) shows that prices of residential properties in 18 cities have gone up by 0.6 per cent in Chennai to 9.6 per cent in Delhi and Mumbai. There is also a fall in only two cities, Indore (-1.0%) and Faridabad (-5.1%) during the quarter October-December 2012 in comparison to the previous quarter, June-September.

Preferred Investment Destination

Ahmedabad, the capital of Indian state Gujarat is positioned on the banks of Sabarmati river and is further also reckoned as the largest city as well. This city was earlier known only for its historical past and many attractive tourist destinations. However, in the present scenario the city has evolved as one of the major cities of India with hefty contribution towards the economy. The infrastructural development made in the city has resulted with world class interiors presented to all commercial, retail, residential, hospital and other infrastructures as well. Along with this, Many leading industries, businesses from sectors like IT, technology, design, real estate, etc. have established their business and have further flourished as well. With the emergence of such well known and leading organizations, many work opportunities are also rendered further grabbing professionals from all across the nation. Not only this, with individuals migrating here, the need of living spaces also enhances to which the real estate builders matches up with the needs and requirements of all buyers. The efforts of builders in developing infrastructures have today let the city renowned as a well planned and developed city.
Ahmedabad reckoned as a well developed city did not attained the heights of success over night. It was a collective effort of real estate builders and their skilled labor. With their undying spirits of developing the city along with strategic planning with perfect execution has today resulted in a new transformed Ahmedabad with a construction boom. Moreover, the Property in Ahmedabad is well maintained along with possessing all latest and modern amenities for the further convenience of all potential buyers of property. Whether it is the hospitals, commercial, IT hubs, multiplexes, residential, retail, SEZs, hotels, or any other space, the builders of city have forte in matching up with every specific needs of buyers. In the present scenario, the Real Estate Ahmedabad sector is witnessing boom and lot more lucrative profits are more to come. Indeed the infrastructural development in the city has matched well with the ever-growing needs of individuals from all backgrounds.
Ahmedabad, enjoys well connectivity to all major cities across the nation via railways, roadways and airways. The National Highway 8, national expressway 1 and National Highway 8C allows all individuals to get connected with other places within some hours of drive. Same case is with the railways wherein it connects individuals from all across the nation to Ahmedabad with utmost convenience. Well connectivity factor acts as a positive advantage to the Real Estate Companies in Ahmedabad. This way the individuals buying property in this city can enjoy accessing to other parts of India with ease. All these factors of made it more lucrative for all potential buyers of property to invest in the Real Estate Ahmedabad.