Introduction:

Real estate can be broken down into three categories based on the risk profile of the asset. These are personal
properties, investment properties and infrastructure properties. Properties falling in the third category are not
usually invested in by the private sector in India.
Real estate needs to be analyzed physically as well as in terms of the legal rights and responsibilities. Valuation of
properties can be done either as sum of the parts (land plus building) or a comparison with other properties in the
area or on the basis of the ability to generate revenue streams.
Professional management attempts to limit the risks in real estate investment. Factors such as expertise in legal
issues, knowledge of current trend in property markets, ability to maintain properties are some of the advantages
of professional management.
Real estate schemes provide exposure to the property market through small investments, they provide
professional management, thus reducing the risks involved and also brings in the much-desired liquidity for the
investors. Indian mutual funds have been given certain tax concessions and investors can benefit from them.
Real Estate Investment Trusts (REITs) have been in existence in the United States of America for the past
several decades making there way into global market. REITs own income producing real estate and enjoy special
tax status on confirming to certain stipulations.
While the first REIT was established in 1960, the real impetus to the industry came after an amendment in the tax
laws in 1986, conferring special tax status to REITs. REITs were also allowed greater freedom to operate and
manage real estate, at around the same time.
REITs became a popular way of accessing the capital markets during the early 1990's when property values
dropped between 30 and 50 percent. On the other hand, investors, finding value in commercial properties found
REITs a convenient way of gaining exposure to that market.
REITs appear to be here to stay, primarily due to the structure providing liquidity to investors, the higher sense of
security accompanying professional management and a good performance logged in by the REIT industry.
REITs differ from Indian Mutual funds in respect of the structure being that of a company, ability to raise money
through debt and preference capital, being exclusively close ended and the need to distribute at least 95 percent
of income as dividends, among others. This is detailed while suggesting Indian REIT model.
As mutual funds are well understood as a vehicle for investment by small investors, it is recommended that the
same structure be extended to Real Estate Investment Schemes (REIS) in India. However, in addition they can
also be structured in form of Venture funds or private equity funds provided necessary amendments and
regulations are put in place. REIS should be governed by the existing guidelines and necessary modifications
should be made to the Securities Exchange Board of India (Mutual Fund) Regulations.

Number of Pages of Project Report: 140

Package Includes: Synopsis/Project Proposal + Project Report
Project Format: Document (.doc)
Table of Contents of Project Report:
Executive Summary
Methodology
I. Introduction
II. Objectives
III. Information Collection
IV. Proposed Chapter Scheme
REIT- Real Estate Investment Trust
I. What is a REIT?
II. History of REIT
III. What classifies a REIT?
IV. Types of REIT
V. Forming and Operating a REIT
VI. Making the Economic Case for the REIT
a. Micro Factors
b. Macro Factors
VII. What Type of Property is Most Suitable for a REIT?
Structuring the REIT Vehicle
I. Issues
a. Management Of the REIT
b. Management Of the Properties
c. Composition of Board of Trustees
d. Governance
e. Sponsors Involvement
f. Accounting and Reporting Issues
g. Legal and Administrative considerations
h. Regulatory Body Approvals
II. REITs Structures
a. Traditional
b. UPREIT
c. Down REIT
d. Mutual Funds in Canada
e. Business and Non Business REIT
f. REIT Vs Corporate Structure
REIT Evaluation
I. Matters to consider before proceeding with a REIT Transaction
II. Key elements in evaluating a REIT
REIT Stock
I. Nature
II. Investing in REIT
III. REIT and Bonds
Global REIT
I. Development
II. Outlook
Global REIT Comparisons
I. North America, Europe & Asia Pacific
II. Canadian vs. U.S. REITs
III. Special Focus: Asian REIT Regimes
IV. 10 Global Real Estate Trends to Watch
V. Lessons from US
REIT’s in India
I. Indian Real Estate Market
II. Indian Real Estate – Why has it caught everyone’s eye?
III. Challenges faced by Indian Real Estate
IV. Prospects and Opportunities of Real Estate investing in India
V. Rationale for REIT
VI. Is India ready for REIT?
VII. Mechanics of an Indian REIT regime
a. Changes in Legislation and Reform
b. Structure
c. Legal Aspects
d. Procedure for Launching Schemes
e. Scheme Characteristics
f. Investment Objectives and Restrictions
g. Risk Management
Conclusion
Bibliography
Annexure
I. Questionnaire
II. Business Cards
FOR FARIDABAD PROJECT:-

PASSED F.A.R=1.75

1 ACRES = 76230 SQ.FEET

(4840 SQ.YARDS * 9 SQ.FEET * 1.75 = 76230 SQ.FEET)

1. PRIME LOCATION LAND AVAIL 4 SALE

LAND AREA:- 6.5ACRES (APPROX)

FSI:- 4,95,495 SQ.FEET

LOCATION:- SEC-85,FARIDABAD

VICINITY:- SURROUNDED BY THE DEVELOPERS LIKE BPTP,ANSAL

ABL,PURI CONSTUCTIONS.

SALE PRICE:- RS.550/-PSF

2. PRIME LOCATON CORNER PROJECT 4 SALE

FSI:- 2,00,000 SQ.FEET

LOCATION:- IN CROSSING REBPUBLIK GLOBAL TOWNSHIP

VINCINITY:- NEAR TO ASSOTECH,SAVIOURINDIA GROUP,

SKYTECHGROUP,MAHAGUN, RESIDENTIAL PROJECTS.

SALE PRICE:- RS.950/-PSF

3. PRIME LOCATION FSI/LAND AVAILABLE 4 SALE/JOINTVENTURE

LAND AREA:- 8.25 ACRES

FRONTAGE- 350+ FEET

LOCATION:- TIJARA ROAD, BHIWADI

VICINITY- 3.5 KM FROM HONDA SIEL FACTORY & PIYUSH CITY

BHIWADI,OMAXE NEW RESIDENTIAL PROJECT
BHIWAD & OMAXE TOWNSHIP&NEAR 2 PARSVNATH
RESIDENTIAL & CP BUILDTECH TOWNSHIP,MVL,
M-TECH DEVELOPERS,ASHIANA HOUSING.

SALE PRICE:- RS.17,00,00,000

 JOINT VENTURE:-RS. 7,60,00,000 WITH 35% SHARE IN PROFITS.

4. PRIME LOCATION FSI AVAILABLE 4 SALE

LAND AREA:- 29 ACRES(APPROX.)

FSI AREA:- 22,10,000 SQ.FEET

LOCATION:- ON 45 MTR. SECTOR ROAD, SECTOR -75,FARIDABAD

VICINITY- SURROUNDED BY THE DEVELOPERS LIKE BPTP,ANSAL

ABL,PURI CONSTUCTIONS.

SALE PRICE:- RS.550 /- SQ. FEET.(EDC AND IDC NOT INCLUDED)

5. 45 ACRES OF R-ZONE LAND IN FARIDABAD.

FSI AREA:- 35,00,000 SQ.FEET(APPROX)

LOCATION:- IN NEW SECTOR-87,FARIDABAD(NEHARPAR)

VICINITY:- ADJOINING BPTP TOWNSHIP,,SRS RESIDENTIAL

PROJECTS. NEAR TO OMAXE AND UPPAL GROUP..

PRICE :- RS.550/- PER SQ.FEET (NEGOTIABLE)

6. PRIME LOCATION FSI AVAILABLE 4 SALE

FSI AREA:- 5,41,233 SQ.FEET

LOCATION:- SECTOR-89,FARIDABAD (NEHARPAR)

VICINITY- SURROUNDED BY THE DEVELOPERS LIKE BPTP,ANSAL

BUILDWELL LTD,PURI CONSTUCTIONS

SALE PRICE:- RS.550 /- SQ. FEET.

7. PRIME LOCATION FSI AVAILABLE 4 SALE.

LOCATION :- SEC-77,FARIDABAD(NEHARPAR)

LAND:-13 ACRES

FSI:- 9,90,990 SQ.FEET

VICINITY- SURROUNDED BY THE DEVELOPERS LIKE BPTP,ANSAL

ABL,KLJ TOWNPLANNERS.
SALE PRICE:- RS.550 /- SQ. FEET.(EDC AND IDC NOT INCLUDED)

WITH WARM REGARDS,

SUMIT KUMAR
9810909369

DEAR SIR/MAM,
I HAVE AN GREAT INVESTMENT OPPURTUNITY 4 U. WE BASICALLY
DEALS IN LAND ONLY FOR BUILDERS&INVESTORS. WE HAVE
CURRENTLYFOLLOWING PURPOSALS 4 U .FOR DETAILS CONTACT ME ON
MY GIVEN NO. 9810909369
AS FOLLOWS:-
Also available projects IN FARIDABAD SEC-89,87,77
FOR FARIDABAD & GURGAON PROJECT:-
PASSED F.A.R=1.75
1 ACRES = 76230 SQ.FEET
(4840 SQ.YARDS * 9 SQ.FEET * 1.75 = 76230 SQ.FEET)
1. PRIME LOCATION LAND AVAIL 4 SALE
LAND AREA:- 60 ACRES (APPROX)
STATUS:- LICENSED
FSI:- 45,73,800 SQ.FEET
LOCATION:- SEC- 65 ,GURGAON ON 60 MTR WIDE ROAD
SALE PRICE:- RS.1500 /-PSF (EDC IDC EXCLUDED)

2. PRIME LOCATION FSI/LAND AVAILABLE 4 SALE

LAND AREA:- 24 ACRES (APPROX)

STATUS:- LICENSED RECIEVED

FSI :- 18,29,520 SQ.FEET LOCATION:- SEC-61,GURGAON, ON 90 MTR WIDE ROAD

VICINITY- NEAR TO PIONEER URBAN LAN DEVELOPERS SALE PRICE:- RS,1200/-

PSF NEGOTIABLE(EDC IDC EXTRA)
3. PRIME LOCATION FSI/LAND AVAILABLE 4 SALE

LAND AREA:- 17ACRES (APPROX)

STATUS:- LOI RECEIVED(LICENSED WITH IN 15 DAYS)

FSI :- 12,95,910 SQ.FEET LOCATION:- SEC-37C,GURGAON
SALE PRICE:- RS.550/-PSF NEGOTIABLE(EDC IDC EXTRA)
4. PRIME LOCATION FSI/LAND AVAILABLE 4 SALE

LAND AREA:- 24 ACRES (APPROX

STATUS:- LICENSED RECIEVED
FSI :- 18,29,520 SQ.FEET LOCATION:- SEC-62,GURGAON, ON 90 MTR WIDE ROAD

SALE PRICE:- RS.1200/-PSF NEGOTIABLE(EDC IDC EXTRA)

5. PRIME LOCATION FSI/LAND AVAILABLE 4 SALE

LAND AREA:- 18 ACRES (APPROX)

STATUS:- LOI RECEIVED(LICENSED WITH IN 15 DAYS)

FSI :- 13,72,140 SQ.FEET LOCATION:- SEC-69,GURGAON SALE PRICE:- RS.800/-

PSF NEGOTIABLE(EDC IDC EXTRA)

5. PRIME LOCATION FSI AVAILABLE 4 SALE.

LOCATION :- ON MAIN NH-1, SINDHY BORDER KUNDLI,SONEPAT
FSI:- 1,31,000 SQ.FEET
VICINITY- SURROUNDED BY THE DEVELOPERS LIKE AMR,PARKER
GROUP
SALE PRICE:- RS.21 CRORES /- SQ. FEET.(EDC AND IDC OF RS.325
INCLUDED)
NOTE:- ALSO AVAILABLE FOR JOINT VENTURE
6. 5-50 ACRES OF R-ZONE LAND IN FARIDABAD
LOCATION:- SECTOR-70,72,77,86,89,FARIDABAD
VICINITY:- ADJOINING BPTP TOWNSHIP,OMAXE RESIDENTIAL
PROJECTS. NEAR TO PURI CONSTRUCTIONS.
SALE PRICE:- RS. 1,85,00,000 /- TO 2,25,00,000/- PER ACRE
NOTE:- LIASIONING AND LICENCESING WORKS WITH GOVT. IS ONLY
FOR FARIDABAD PROJECTS CAN BE DONE.
BELOW ARE THE ESTIMATED COST FOR THE FARIDABAD PROJECT

CURRENT ALLIED CHARGES-

1. PLC- RS.150/-PSF (PARK&POOL)

2. FLOOR PLC-G.F-RS.125,1-100,2-75,3-50
3.COVERED PARKING- RS.2,00,000
4.EEC FFC- RS.50/-PSF
5.IFMS- RS.25/-PSF
6.EDC IDC - RS.180/-PSF
7.CLUB-RS.50,000
NOTE:- BUILDERS (BSP)PRICES DEPENDIND SECTORS
1.SEC-77- RS.2100/-PSF

2.SEC-78-2100/- PSF
3. SEC-80-2200/- PSF
4. SEC-82- RS.2300/- PSF
5.SEC-85- RS.2300/- PSF
6. SEC-86 RS.2400/- PSF
7. SEC-87 RS.2400/- PSF
8. SEC-88 RS. 2500/-

sandeep gupta property says: April 29 wanted r-zone or f.s.i. land noida, gurgaon
sec-91 ph:- 9213678299 sandeep gupta.