INVESTMENT PROPERTIES IN INDIA


Investment properties in india have accelerated since it is the 10th most Industrialized country.

India is the 4th largest economy in purchasing power parity so investment properties in India are huge.

Since the transparency in real estate transactions are increasing, rating of projects by rating agency have commenced.

Investment properties in india are due to falling interest rates and impetus to increased home loans disbursements.

Rise in total Home loan disbursements by Banks and Housing Finance Companies (HFCs)-76% between 2001-02 to 2002-03 has led to investment properties in india.

Investment properties in india have grown since finance is easily available for property development.

Average GDP growth rates of 6-8%p.a. second only to China.

Contact Centres have accounted for the vast majority of demand for office space in major India cities in recent years. In the first six months of 2003, office space taken up by Contact Centres accounted for 82% of the total absorption of office space in Delhi. The corresponding figures for Mumbai and Bangalore are 51% and 80%, respectively

In response to investment properties in india, landlords and investors are changing building specifications and transaction terms to include large and more efficient floor plates, international service standards, and more tenant -focused transaction terms.

With a growing preference for leased terms instead of purchased premises, landlords are now offering flexible leasing options on contiguous space to allow phased take-up within the leased premises. This allows better cost control and close alignment of procurement with the business growth, thereby reducing business risks.

Contact Centres have accounted for the vast majority of demand for office space in major India cities in recent years, with a growing preference for leased terms instead of purchased premises which led to Investment properties in india.

To attract teneants, real estate developers in india are also becoming more open to phased payment of deposits for the incremental space, and extended rent-free periods (during fit-out periods). Plug-and-play facilities for temporary accommodation will be provided to allow companies to establish recruitment and training services befroe they shift into the permenent facility which, in most cases, is built-to-suit specifications. The time frame for completion of such 'built-to-suit" real estate properties in india is between 8-10 months for up to 100,000sq ft of space, and interim facilities are leased for this duration.

There is a preference for freestanding, custom-built property for better control over specifications and operational exclusivity. Tenants may also prefer to have the flexibility of providing and maintaining building services.

As the need for functional convenience in labour- intensive production zones is higher than for conventional enterprises, it is imperative to have regular and efficient segregation of processes while allowing easy supervision. Contemporary buildings are designed with floor plates between 15,000-30,000sq ft thus increasing investment properties in india.

   
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