Commercial Lease: Gurgaon has an advantage
Introduction
Gurgaon is the most happening place in the real estate when it comes to commercial property lease. Let's take a look at some of the pivotal factors that have contributed to some of the highest returns to investors, investing in commercial lease, not to forget the residential lease as well.
The factors for growth in commercial real estate lease in Gurgaon
The leading corporate offices: Gurgaon is one of India's major outsourcing hubs, housing major multinationals such as Agilent, Alcatel, American Express, British Airways, Convergys, eFunds, Ericsson, KLG Systel, Keane India Ltd., Fidelity Investments, Genpact, HCL technologies, Hewitt, Hindustan Lever Limited (the Indian division of Unilever), IBM, Siemens, Flextronics, Coca-Cola, GSK, General Motors, Gillette, HP, Hitachi Metals, Nestle New York Life, Nokia, Pepsi, Trinity BPM, Xerox, etc. The biggest car and motorcycle manufacturers in India, namely Maruti Udyog and Hero Honda also have plants in Gurgaon.
Proximity to the international airport: Gurgaon's proximity to New Delhi and its airport and availability of good quality and cheaper office buildings and residential complexes have proved attractive to many companies who have shifted their corporate and back offices from New Delhi's business centres to Gurgaon.
Cheap availability of land: The vast expanses of land in Gurgaon makes it easier for multinationals to set up their lavish office space here in Gurgaon, than any other place in India, where commercial lease is an expensive affair. Gurgaon offers an excellent location to start up an industry as it is in close contact with cosmopolitan world, being close to the National Capital of Delhi. It offers excellent law and order situation with peaceful environs. These pivotal factors have helped it attract a sizable number of investments from Multinational companies, large business houses, foreign investors, Non-Resident Indian (NRI) etc.
A healthy and hi-tech business environment: Gurgaon is home to offices of several MNCs as it provides a healthy and hi-tech business environment. It offers fully-furnished offices and corporate spaces developed by DLF, Unitech, Vatika and Vipul. The coming up of world class business centers and cybercity is attracting the MNCs in a big way. By paying a little extra, the MNC clients can set up their office without bothering about other necessary services like security, investment in interiors, data cabling and Internet connectivity, utilities, internal housekeeping, besides electrical and AC provisions.
Real estate investors in favor of commercial lease: International investors like the US-based Warburg Pincus, Blackstone Group, Broadstreet, Morgan Stanley Real Estate Fund (MSREF), Columbia Endowment Fund, California Public Employees' Retirement System (CalPERS), Hines, Tishman Speyer, Sam Zell's Equity International, JP Morgan Partners and Amaranth Advisors have been found to show interest. A few funds belonging to Warren Buffet's Berkshire Hathway are also interested. A 100% FDI in real estate is now attracting overseas developers are closer to the commercial real estate market.
Conclusion
Commercial developers and investors interested in commercial lease can expect to bring in at least $100 million in the Indian real estate market of India. Today there are agencies, research analysts, and experts in the real estate management who can help you to find a prime commercial property. With the flow of investments into the country, commercial real estate is the first procurement option that a potential investor seeks for. So as they forayed into the untested market in India, they preferred to lease their office spaces.
Buglaria Join The EU.
Bulgaria will join the European Union accession in the First of January 2007, and is on its way to turn into the Riviera on the Balkans. The improved economic conditions, political and social stability in Bulgaria over the last 3 years brought to a real boom of the prices of property in Bulgaria. Other important factor for the rising property market is the huge tourism potential in our country. There are great natural attractions - high mountains, beautiful and clean Black Sea coast, preserved rural areas, minimum urbanization, thousands years of history, etc.
Nowadays Bulgaria is considered as the fastest growing tourism market in Europe. Summer tourists are attracted to the beautiful white beaches along the Black Sea coast and Bulgaria's long hot summers. And winter tourists are drawn to Bulgaria's stunning mountains and fast developing winter spots resorts.
Incredibly, Bulgaria is now the third most popular holiday destination after Spain and France for British holidaymakers. This is something that foreign buyers of property in Bulgaria appreciate the most. Together with the constantly rising prices, buying property in Bulgaria is one of the best investments that one can make these days with prices likely to increase with EU membership, as well as been a great retirement home.
The Bulgarian property market is among the cheapest in Europe, but is catching up. Last year prices rose by about 35 per cent, and in the lead-up to EU accession in 2007 annual rises of 25 per cent are predicted. The increase in foreign investment is set to continue because of Bulgaria's expected EU membership perspective and the constantly expanding tourist industry. All these factors add up to show exactly why the real estate market in Bulgaria is one of the strongest and most profitable property investment markets currently and why the growth is set to last.
Bulgaria has one of the most liberal foreign investment laws in the region. We would like to draw your attention to the land purchasing process. According to the Bulgarian Act on Foreign Investment; currently foreigners can buy buildings but not land. Therefore the most common method for foreigners is to set up a Ltd. company which then owns the land. Foreign investors are not put off by the fact that they are not legally permitted to own land in their own name - they simply establish a Bulgarian company and purchase through that. As the legal owner of the Bulgarian company which owns the property the foreign purchaser becomes the legal owner of the property! It is simply a legal way around the current law on property ownership rights. The law does not limit the extent or amount of foreign participation in companies. Foreign individuals and companies can open unlimited number of accounts in any Bulgarian banks, in any hard currency or the local Bulgarian Levs.
Your best investment, in line with this procedure will be in a reliable, well informed and experienced assistant/agent to do all necessary work and do all Governmental registrations for the company, which is quite tedious for a foreign person, not familiar with the institutions. "British Developments is happy to offer a comprehensive package for company registration and after registration services. In the short to medium term the law is expected to change anyway as Bulgaria moves towards EU membership - it is keen to get in line with the laws and rules in other EU countries! However we strongly advise not to wait until the law is changed. This restriction is actually one of the reasons why property prices are so low in Bulgaria compared to the rest of Europe, and when the law changes this will give even a stronger push to the property prices and they will suddenly go up and the property price inflation is expected to be great.
Today Bulgaria not only offers one of Europe's most attractive and unspoilt holiday destinations it is also host to what will be one of the most dynamic and as of yet relatively untapped property and real estate markets. Anyone hoping to retire overseas on a budget should look to Bulgaria. Buying overseas can be an exciting and profitable experience by taking your time to understand the buying process you will ensure that your property purchase in Bulgaria is a happy and enjoyable experience.
http://www.britishdevelopments.com
Surrey Condominium, What Are You Buying?
When people purchase a condo as their home or investment they must consider several factors. A condominium will not suite everyone. A condo involves not only individual ownership within the unit but also ownership of the unit's shared property or "common property". I'm referring to condominiums and not townhouses, mobiles homes or houses. Your unit should be individually owned in a freehold or leasehold format. Freehold generally means you own the title to the property. However, leasehold means that you don't have any ownership rights to the land only the leasing rights. The rest of the property includes common property. Common property elements generally includes walkways, driveways, lawns and gardens, lobbies, elevators, parking areas, recreational facilities, storage areas, laundry rooms, stairways, plumbing, electrical systems to run the building. You may encounter limited common property elements that only specific owners have access to. For example: Parking, storage lockers, roof gardens, balconies, patios and front/back yards. This refers to all condo's in the Greater Vancouver Area and Fraser Valley area including: Abbotsford, Chilliwack, Mission, Langley, Burnaby, Richmond, New West, Maple Ridge, Coquitlam, White Rock and Surrey. Condominiums could be in a high rise apartment building, a three to five story new mid rise building, or a converted older building that my have been used as rental apartments.
Whichever condo you choose, make sure your enjoying the maximum usage of the land while creating attractive selling features. Some examples to look for in buying a condo are as follows:
(i) Does it have an attractive view?
(ii) Do you have a private drive way?
(iii) What kind of Common Recreational facilities are there?
Swimming pool?
Hot Tub?
Tennis Court
Saunas?
Playground?
The purpose for these amenities is to of course increase your overall standard of living. However, be ware of the monthly maintenance fee. More often then not you'll be stuck with a larger bill to maintain the pool, hot tub or sauna. It might be wise to stay clear from these types of condo's. This does not include recreational or vocational properties. These properties thrive on having extra amenities to demand the higher rents. Consider all angles before being committed. There are always some classic pitfalls that investors fall into. Whether your investing in a condo, apartment, townhouse or an actual house with acreage. You need to understand the most common pitfalls.
1. The investor does not understand the real estate market in their area. We're referring of course to: The Greater Vancouver Area, Richmond, Surrey, Coquitlam, Burnaby, New West, Maple Ridge, Langley, Burnaby. We should also include Abbotsford, Mission and Chilliwack.
2. Not having a clear understanding of personal and financial needs.
3. Not having a clear focus on a realistic real estate investment plan with strategies and priorities in the given area.
4. Not doing thorough market research and comparison shopping before making the investment
5. Not obtaining and reviewing all the necessary documentation appropriate for a given property before making a final decision to buy.
6. Not independently verifying financial information beforehand.
7. Not selecting an experienced realtor with experience in the type of real estate and geographic location you are considering.
8. Sometimes the investor does not do financial calculations beforehand.
9. Not buying at the current "fair market prices".
10. And perhaps the most important, decisions are to be made with an objective assessment and not an emotional one!
Our rental network helps to find quality homes, apartments or vacation rentals in Canada's Fraser Valley area. Visit the website RentSurrey.com for more information on Fraser Valley Homes and Apartments for Sale or Rent.
