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About Real estate in india

Real Estate Industry in India
Last Updated: August 2013 Introduction The Indian real estate and construction industry is an integral part of Indian economy and plays an important role in the development of the countrys infrastructure base. The contribution of the real estate sector to Indias gross domestic product (GDP) has been es timated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs during the same period. It is also expected to generate over 17 million employment opportunities across the country by 2025. The sector comprises of four sub-sectors- housing, retail, hospitality, and commercial. While housing contributes to five-six percent of the countrys GDP, the remaining three sub-sectors are also growing at a rapid pace, meeting the increasing infrastructural needs. Riding high on the back of rapid urbanisation, positive demographics and rising income levels, the Indian real estate sector has attracted significant investment over the past few years. The growing stability of the market is reflected by the continuous growth of the core investors, with over Rs 7,705 crore (US$ 1.14 billion) invested in ready office space during the last three years. Market Dynamics The real estate sector of India is expected to post annual revenues of US$ 180 billion by 2020 as compared to US$ 66.8 billion in 2010-11, registering a compound annual growth rate (CAGR) of 11.6 per cent. In fact, the demand is expected to grow at a CAGR of 19 per cent between 2010 and 2014, with tier I metropolitan cities projected to account for about 40 per cent of this. Mumbai, NCR and Bengaluru account for 46 per cent of total office space demand in India. Demand growth projected to be the highest in Tier 2 cities such as Kolkata and Chennai during 2010-14. Investments The prime office space segment across the countrys key cities - Mumbai, the National Capital Region (NCR), Pune and Bengaluru has witnessed a fresh supply infusion of more than 20 million square feet (sq ft) in the first six months of 2013, witnessing a growth of 16 per cent on year-on-year (y-o-y) basis, as per a report by CBRE. The country is ranked 20 among the top global markets for real estate investment in 2012, with investments worth US$ 3.4 billion during the year, according to a latest report by Cushman & Wakefield. It is also estimated that foreign direct investment (FDI) into real estate in India will increase to US$ 25 billion over the next 10 years. Construction development sector (including townships, housing, built-up infrastructure & construction-development projects) has attracted a cumulative FDI worth US$ 22,247.50 million from April 2000 to June 2013. FDI flows into the construction (infrastructure) activities during the
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period stood at US$ 2,198.77 million, according to the department of industrial policy and promotion (DIPP). Some of the major investments in the Indian real estate sector are:

Peninsula Land has signed an agreement to buy a five-acre property in the Byculla area of Mumbai from its joint owners, Mahindra Lifespaces, the realty arm of Mahindra Group, and the Kanorias, for around Rs 650 crore (US$ 96.45 million) Godrej Properties Ltd (GPL) has entered into an agreement to develop 37 acres in Panvel, Maharashtra. The company will receive 35 per cent of the profits from the development Cushman & Wakefield has entered into an agreement to acquire Singapore-based project management specialist company Project Solution Group (PSG). The acquisition is aligned with the firm's global strategy to strengthen its operations in the Asia-Pacific Reliance Industries is expanding its presence in Africa's real estate sector. The firm acquired 10 prime plots of land in Nairobi, Kenya, for around Rs 202 crore (US$ 29.97 million) Germany-based SEA Group, engaged in the living space solutions segment, plans to invest Rs 40 crore (US$ 5.94 million) over the next two years in its Indian operations

Facts of Real Estate

A property expert is nothing but an observer. He observes some areas / localities are expensive, some other maintain a steady rate, and some grow expensive over a short period of time. He knows when to strike a transaction and yield profit. When do propertyrates appreciate? When do they decline? A property seeker might be puzzled. The value of a property normally appreciates depending up on various factors. Here are 5 facts that mainly influence property valuations in India: 1. Infrastructure development in the surrounding area is the single most important factor that influences the property valuations. Thisdevelopment can be in the form of Roads, Airport, Bus Terminals, Malls etc. Infrastructure development in the form of easy transportation thru Metro Train also plays an important role. The evidence of this could be seen in property valuations in and around Delhi & Bangalore Metro. 2. Commercial real estate development in the like Offices and SEZs also play a key role. With busy office lives, people prefer staying close to their workplace to save on time. This is again visible in areas like Gurgaon, Noida, South Bangalore, Mumbai Andheri-Borivili, Navi Mumbai, Pune & Hyderabad. 3. Quantum of disposable income in the hands of public is a key factor. It has been observed that neighborhood that come around IT hubs have superior valuation compared to manufacturing or agricultural hubs. This can be directly related to the disposable income. 4. Availability of land drives property valuation. Areas were large amount of land is available for residential purposes tend to appreciate slowly compared to areas where land in a scarce resource. Central Delhi andSouth Mumbai are perfect example of this phenomenon. 5. Connectivity is another key factor. Areas that are well connected with the business and entertainment hubs of the city enjoy higher valuation compared to areas that are not. Compare Gurgaon with Kundli, both are equidistance from the center of Delhi but there is a huge gap in their valuation. There are other macro factors like Home Loan interest rate and Inflation that have a bearing on the property market sentiments and therefore on its valuation.

According to forbes,the real estate market in india=

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For middle class Indians, investing in property has been the surest bang for the buck. On an average, property values have quadrupled in the last decade. But now there are increasing signs that the dream run that real estate has enjoyed over the last decade could be coming to an end. Real estate practitioners point to slowing sales and rising inventories. As this story in The Economic Times explained, there is a glut of independent homes in south Delhi. Around the country, in separate micro-markets, the story is no different. And so the question: could 2013 be the year when real estate begins to crack? First, lets start by looking at the last period of low economic growth. Between 1995 and 2002, the Indian economy chugged along at an annual rate of 4.9 percent. Those whove been in the business long enough will tell you that real estate prices eased by 2-3 percent a year across large cities. So by the end of 2002 you had a 20 percent decline but the year-on-year decline was very gradual, according to a Mumbai-developer who declined to be named. According to him three years of 5-6 percent growth and the situation could be repeated. Second, the rise of the professional real estate investor. The last 10 years have seen a growing number of middle class Indians trying their hand at the property market. Their speculative behaviour is not unlike that of middle class Americans who during the go-go years bought houses only to flip them a couple of years later for a 15-20 percent gain. That came crashing down in early 2008 and the rest of the story is well known. It is only now that housing prices in America have started to rise. India circa 2013 is no different. Dinner parties are filled with casual conversations on which apartment or piece of land to invest in. Theres this sweeping confidence in real estate giving a 20-25 percent return every year. According to Sanjay Dutt, chief executive at Cushman and Wakefield, if a developer sells 2,000 flats and 70 percent of those are to people who plan to put them on the market in a couple of years, those shouldnt be counted as sales. This leads to a situation in large metros where houses in under-construction projects are available anywhere between Rs 1,000-1,500 less than what the builder is selling them for. Those who want to sell houses are willing to take a small haircut. What happens when this becomes too acute is not too hard to see. The market would correct. Lastly, according to the Ministry of Housing and Urban Poverty Alleviation, 11.09 million homes in urban areas are lying empty. Sellers are holding out in the hope that capital values continue to appreciate while buyers find the prices too steep. When that stock comes on stream this could also portend a correction.

Real estate Dealers in India

Indias real estate market is on a high growth curve. The industry is projected to grow to US$50 billion by the end of FY2010 at an average rate of 20%. Looking at the bigger picture, the recession seems like a hiccup. Despite talks of price correction, the worse is definitely behind us. In this feature, we present our list of market leaders. The task was dauntingand complicated. Instead of a list that says Indias Top 20, we divided the players regionally based on their headquarters. Many are national players but some are purely regional players and hence it would be unfair to compare them. The idea was to identify national as well as local leaders. Of course, all such lists are subject to market dynamics. TOP REAL ESTATE COMPANIES FROM NORTH DLF Ltd Headed by: Dr Kushal Pal Singh, Chairman About: With a track record of 64 years, DLF is Indias largest real estate company in terms of revenues, earnings, market capitaliza tion and developable area. It currently has pan India presence across 30 cities with approximately 238 million sq ft of completed development and 413 million sq ft of planned projects, of which 56 million sq ft of projects are under construction during FY10. Project Spectrum: Residential, townships, commercial complexes, IT Parks, hotels, multiplexes, etc.

Quick fact: Only listed real estate Company included in the BSE Sensex, NSE Nifty, MSCI India Index and MSCI Emerging Markets Asia Index. Latest: Will take its luxury mall DLF Emporio (already operational in New Delhi) to other big cities such as Hyderabad and Chennai. OMAXE LTD Headed by: Rohtas Goel, CMD About: Over the past 22 years, Omaxe has established itself through diverse range of residential and commercial projects. The company at present has 53 projects under execution and planning. Omaxe Ltd was the first Construction Company of northern India to receive an ISO 9001:2000 Certification. Project Spectrum: Integrated townships, Group housing, SEZs, Shopping malls & commercial complexes and hotels. Latest: Has entered into infrastructure sector through Omaxe Infrastructure & Construction Ltd (OICL), a wholly owned subsidiary. OICL has bagged the first contract to construct Highway and three high level bridges in Punjab. The contract is awarded by Greater Mohali Area Development Authority and its value is pegged at Rs704 million. UNITECH Headed by: Ramesh Chandra, Executive Chairman About: Established in 1972, Unitech is today Indias leading real estate developer in India. It is the first developer to have been certified ISO 9001:2000 in North India. Project Spectrum: Unitech offers diversified projects across residential, commercial/IT parks, retail, hotels, amusement parks and SEZs segments. Unitech was the first real estate company to be part of the National Stock Exchanges NIFTY 50 Index. The company h as over 600,000 shareholders. Unitech and Norway based Telenor Group came together to build Uninor - a telecommunication services company providing GSM services across India. Latest: Has ventured into the infrastructure business by launching Unitech Infra. ANSAL API Headed by: Sushil Ansal, Chairman About: Established in 1967 as a family business, Ansal API today is clearly amongst the real estate leaders of India. Having established itself very strongly in the NCR region, Ansal API is now focusing on ventures in cities like Bhatinda, Mohali, Amritsar, Ludhiana, Jalandhar, Jaipur, Jodhpur, Ajmer, Sonepat, Panipat, Karnal, Kurukshetra, Faridabad, Gurgaon, Greater Noida, and Ghaziabad, Meerut, Agra, Lucknow, to name a few. Ansal API has till date, developed and delivered more than 190 million sq ft. The company currently has a land reserve of about 9,335 acres. Project Spectrum: Integrated Townships, Condominiums, Group Housing, Malls, Shopping Complex, Hotels, SEZs, IT Parks and Infrastructure and Utility Services Latest: Raised Rs231.4 crore through private placement of shares with institutional investors for reducing its debt and execute ongoing projects. PARSVNATH DEVELOPERS LTD Headed by: Pradeep Jain, Chairman About: Incorporated in July 1990 by Mr Jain in New Delhi, Parsvnath today has a substantial pan India presence in over 45 cities across 16 states. The company has emerged as one of the most progressive and multi-faceted real estate and construction entities in India. Project spectrum: Housing (premium, mid-market as well as affordable), office complexes, shopping malls & hypermarkets, hotels, multiplexes, IT Parks and SEZs. Quick fact: First real estate company to have integrated with ISO 9001, 14001 and OHSAS 18001. Latest update: Has partnered with Red Fort Capital to execute a Concession Agreement with DMRC for development of a prime Grade A office project in New Delhis Connaught Place.

Interview tips:How to prepare for an interview

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Essential advice on getting ready for a job interview, polishing your technique and calming your interview nerves...

What do I need to do before an interview?

Give yourself plenty of time to: research the role and the organisation; think about how well your experience, interests and skills fit the job and the organisation; research current affairs and trends in your job sector; find out what the prospective employer is actually looking for; anticipate questions you might be asked, then prepare answers to these questions;

find out what form the interview will take, e.g. single, panel, group etc. You should also: plan the day of the interview, especially your journey with an aim to arrive ten minutes early. Take money in case you need to take a taxi or bus unexpectedly; carry an A-Z street map or put the postcode of the organisation into Google maps on your mobile to prevent getting lost; decide what you will wear and set it out the night before. Suits and business wear are the best option with comfortable, polished shoes; get an early night - we all perform better when fully awake.

How do I make a good impression at a job interview?

Stand out for all the right reasons by ensuring you: arrive on time or better still early; are organised. Take your application letter, CV and examples of work (if appropriate) with you; listen carefully to questions and answer them concisely; highlight your best attributes in the interview. Before you go, think about what you want the interviewer to know about you (in relation to the job) during the interviewing process; pay attention to the way you communicate. There's evidence to suggest that non-verbal communication overpowers verbal communication so if you describe yourself as confident and outgoing but speak inaudibly and avoid eye contact, the interviewer will read the latter as indicating a lack of confidence and disregard what you said about being confident; practise anything you're concerned about. This could be saying your answers aloud, which builds confidence in hearing yourself speak, or having a trial run of the journey to the interview.

What techniques can I use to control my nerves?

In interviews, nerves can make you forget to do simple things such as smile and listen, which can result in being thought of as unfriendly or inattentive. You're more likely to be nervous if you're inadequately prepared so as well as following our advice above, you should: give yourself time to think about what unique qualities you will bring to the job/organisation;

think of practical examples to demonstrate what you have achieved and draw upon all aspects of your working, educational and social life; write notes and take these along to the interview; use cues in your notes to highlight examples that you want to draw upon, such as 'cricket team', 'course representative', 'sales job'; be aware of the structure of the interview. Interviews often begin with topics that are easier to answer because you need less time to think, such as 'tell us about your studies at university'; pause before answering a difficult question in order to give yourself time to think; use positive language, as interviewers will be assessing your motivation and enthusiasm; ask for clarification if, at first, you're unsure of what the question means; breathe.

Where can I practise my interview skills?

Your university careers and employability service is likely to provide practice interview sessions. Alternatively, you could: practise your answers (to anticipated questions) with someone you trust and seek feedback but don't be overly self-critical; use non-job interviews as opportunities to practise and monitor your interview skills, e.g. discussions with your tutor, doctor etc.; ask for feedback and advice after unsuccessful interviews and take it as an opportunity to learn and improve; pay a private company to provide interview practice. Plan your answers to common interview questions.

What should I take to a job interview?

In general you will not need more than your own letter of application and CV, the job specification/description and your own notes. Your invitation to interview should detail everything you need to bring. Often employers request examination certificates, which can take time to locate, so make sure you check what you need in plenty of time. You might wish to impress by reading up on the organisation's literature, e.g. a business plan or corporate social responsibility strategy, but make sure you have read it in depth and be prepared to share your views and ideas. A pen and notebook are always worth carrying with you and, if giving a presentation, take a copy on a data stick even if you have emailed it beforehand, along with copies of the slides to use as handouts for the interview panel. If you take a mobile phone, make sure it is switched to silent or off before entering the organisation.

Most Imp. Question Asked in Interview

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1. So, tell me a little about yourself.

I'd be very surprised if you haven't been asked this one at every interview. It's probably the most asked question because it sets the stage for the interview and it gets you talking. Be careful not to give the interviewer your life story here. You don't need to explain everything from birth to present day. Relevant facts about education, your career and your current life situation are fine.

2. Why are you looking (or why did you leave you last job)?
This should be a straightforward question to answer, but it can trip you up. Presumably you are looking for a new job (or any job) because you want to advance your career and get a position that allows you to grow as a person and an employee. It's not a good idea to mention money here, it can make you sound mercenary. And if you are in the unfortunate situation of having been downsized, stay positive and be as brief as possible about it. If you were fired, you'll need a good explanation. But once again, stay positive.

3. Tell me what you know about this company.

Do your homework before you go to any interview. Whether it's being the VP of marketing or the mailroom clerk, you should know about the company or business you're going to work for. Has this company been in the news lately? Who are the people in the company you should know about? Do the background work, it will make you stand out as someone who comes prepared, and is genuinely interested in the company and the job.

4. Why do you want to work at X Company?

This should be directly related to the last question. Any research you've done on the company should have led you to the conclusion that you'd want to work there. After all, you're at the interview, right? Put some thought into this answer before you have your interview, mention your career goals and highlight forward-thinking goals and career plans.

5. What relevant experience do you have?

Hopefully if you're applying for this position you have bags of related experience, and if that's the case you should mention it all. But if you're switching careers or trying something a little different, your experience may initially not look like it's matching up. That's when you need a little honest creativity to match the experiences required with the ones you have. People skills are people skills after all, you just need to show how customer service skills can apply to internal management positions, and so on.

6. If your previous co-workers were here, what would they say about you?
Ok, this is not the time for full disclosure. If some people from your past are going to say you're a boring Ahole, you don't need to bring that up. Stay positive, always, and maybe have a few specific quotes in mind. "They'd say I was a hard worker" or even better "John Doe has always said I was the most reliable, creative problem-solver he'd ever met."

7. Have you done anything to further your experience?

This could include anything from night classes to hobbies and sports. If it's related, it's worth mentioning. Obviously anything to do with further education is great, but maybe you're spending time on a home improvement project to work on skills such as self-sufficiency, time management and motivation.

8. Where else have you applied?

This is a good way to hint that you're in demand, without sounding like you're whoring yourself all over town. So, be honest and mention a few other companies but don't go into detail. The fact that you're seriously looking and keeping your options open is what the interviewer is driving at.

9. How are you when you're working under pressure?

Once again, there are a few ways to answer this but they should all be positive. You may work well under pressure, you may thrive under pressure, and you may actually PREFER working under pressure. If you say you crumble like aged blue cheese, this is not going to help you get your foot in the door.

10. What motivates you to do a good job?

The answer to this one is not money, even if it is. You should be motivated by life's noble pursuits. You want recognition for a job well done. You want to become better at your job. You want to help others or be a leader in your field.

11. What's your greatest strength?

This is your chance to shine. You're being asked to explain why you are a great employee, so don't hold back and stay do stay positive. You could be someone who thrives under pressure, a great motivator, an amazing problem solver or someone with extraordinary attention to detail. If your greatest strength, however, is to drink anyone under the table or get a top score on Mario Kart, keep it to yourself. The interviewer is looking for work-related strengths.

12. What's your biggest weakness?

If you're completely honest, you may be kicking yourself in the butt. If you say you don't have one, you're obviously lying. This is a horrible question and one that politicians have become masters at answering. They say things like "I'm perhaps too committed to my work and don't spend enough time with my family." Oh, there's a fireable offense. I've even heard "I think I'm too good at my job, it can often make people jealous." Please, let's keep our feet on the ground. If you're asked this question, give a small, work-related flaw that you're working hard to improve. Example: "I've been told I occasionally focus on details and miss the bigger picture, so I've been spending time laying out the complete project every day to see my overall progress."