March 2nd, 2010 | admin

Real Estate in India – Growth and Profit

INDIA-A BUSINESS DYNAMO

Are you looking for office and residential space in India? If you’re not, you should be! India has the fourth largest economy in the world by gross domestic product, and it is the world’s second fastest growing major economy. This is one of the greatest profit centers on the planet.

The value of Class A real estate is expected to grow from eight to twelve percent per year.

In addition to great real estate values, India accounts for fifteen percent of world trade, and it sold over four hundred billion dollars of goods and services in the last year.

Sometimes people don’t realize that India is the home to wonderful natural resources like petroleum and eleven billion barrels of oil reserves, ten percent of the world’s coal, and twenty five percent of the planet’s thorium, the necessary ingredient for nuclear power.

Each year, India exports petroleum, textiles, gems, jewelry, chemicals and leather goods to all parts of the globe.

Hundreds of major companies like IBM, Microsoft and Intel have huge offices and plants in India. If you want to be part of the world’s economy, you need to be here, and you need great office and residential space.

MODERN ARCHITECTURE

India’s business and residential complexes rival anything built in the world for innovation, modern design, and creative architecture.

Throughout the major cities of India, high- rise buildings, normally five to ten stories, rise in steel and metal confluences, replete with circular and winding glass- curtain walls, which reflect the sunlight and sparkle in the deep blue sky. Glass roofs with space- frames afford views to the stars.

Green buildings with solar panels dot the landscape, and these buildings have all of the modern amenities you’ll find in London, New York or any major metropolitan area.

India affords you a modern and fantastic place to work and live.

RETAIL AND OFFICE SPACE

From Bangalore to Mumbai and Kolkata, to Hyderabad and Chennai, brand new, glittering commercial space is available with every convenience and extra found in business high- rises anywhere.

Square footage is available both for sale and rent. Leases in metropolitan areas typically have terms of 3+3+3 years, with escalations of anywhere from twelve to fifteen percent after 36 months. Prices for floors can run from 10,500(INR) per square foot to 15,000(INR) or more per square foot.

Parking is generally available in covered garages from 3,000(INR) to 5,000(INR) per month.

Building space is available in all the major cities with annual rental yields of twelve to sixteen percent. Most developers will assist with the leasing of the spaces and may guarantee a return for a while.

Many structures offer retail on the first floors, mixed with office space above. Some include beauty salons, gyms, shops, food courts and restaurants. You may find a mall with hundreds of stores and separate entrances connecting to your workplace.

Multiple elevators service the buildings allowing for easy entry and exit. Cooling is not a problem; building codes require more than enough load capacity to maintain the perfect climate control in each leased area. The lobbies are spectacular, and feature water fountains and plantings.

In cities such as Delhi, all the major corporations like Oracle, Alcatel, and Dell are clustered in the business districts, making it easy to network and dine with business associates and clients. Or, catch a quick cab to conferences.

RESIDENCES

Within a short distance from your office or headquarters are high- rise residential towers, spread over ten to twenty acres with lush green lawns, landscaped gardens and jogging trails.

Clubs, restaurants and cafes compliment these urban complexes, and bus and rail lines are all within walking distance.

Many buildings include gyms, electronic surveillance, libraries, heated pools and much more.

Remember, there are Rupees in India and there are also Lacs. A Lac equals 100,000 Rupees, and the following examples of rents are denominated in Llacs.

Depending upon the city, the district, the age of the building and the proximity to shopping and offices, one bedrooms (700 sq. ft.) start at around 720 Lacs per month. Two bedrooms with a kitchen (1335 sq. ft.) average 31 to36 Lacs; three bedrooms (1300 to 1800 sq. ft.) go from 44 to 47 Lacs; large three bedrooms (1550 to 2100 sq. ft.) from 44 to 55 Lacs, and a four bedroom (3500 sq. ft.) may be as high as 90 Lacs.

INDIA REAL ESTATE-ANYTHING YOUR HEART DESIRES!

It’s easy to shop around for commercial and residential real estate in the great cities of this southeast Asian jewel. Find a broker, do some research, and start traveling. Assuredly you will find the perfect location for your business, your investments, and your style of living. India…. it has it all!