Real Estate Investment and Tax

Read here....

Nice article, but it misses the investment option by HUF.

Look at the Reliance Group, how they bought and set up the properties. Even the girls in the family are getting their due.

Still I would advocate 40% value in Real Estate, basically that means, an affordable house....

Rest in Gold, Shares and Equity based Mutual Funds.

A good friend of mine, wanted to invest Rs 6 lakhs, and take out only after 15 years. Where else can you lock it, other than Real Estate, which shows a decent growth every year. So I adviced him to split into 2. Invest 3 Lakhs in Equity MF (3 best ones HDFC Equity, Reliance Growth and Franklin Bluechip, along with a SIP including DSP Opportunties Fund) and 3 Lakhs in a plot near Hosur Railwya Station. It is appreciating at 10% easily.

Looking for Business Partners

We are looking for Business Partners to sell our Real Estate Platform in Indian Market and worldwide too!

Please contact me at ramesh@indiarealestventure.com

You can visit our website here... India Realestate Ventures

Looking for Open Source Professionals

For our new venture, indiaealestventure.com, we are Looking for Open Source Professionals!

If you wish to work from home on a freelance basis, please mail to me in detail, with the sample code, website details etc.

Our team will contact shortly.

ramesh@indiarealestventure.com

FII's are looking at India for Real Estate

Now that the Dollar (US) is improving, and the Crude Oil price is down for sometime, Real Estate is looking good.

Ok, what is in store for us?

They would buy decent land parcels. Then sell at a profit in the future. So market is going to go up. Then it might hit a trough.

So friends if you have not invested 40% of your life savings (as told by Investment Guru's) into Real Estate, do it now!

- Indiarealestventure.com

India's cities with highest income levels!

A study jointly conducted by the National Council of Applied Economic Research's Rajesh Shukla and Future Capital Research's Roopa Purushothaman says that on conservative estimates, 379 million people will be added to India's urban spaces over the next 40 years -- more than the entire population of the United States today.

The study also mentions which cities have India's richest households and identifies 20 key cities to track. These cities together account for just under 10 per cent of India's population, but generate 30.8 per cent of disposable income.

The cities have been put in three categories: Megacities, which are the largest cities in terms of population and overall consumer markets; Boomtowns, which stand out as the next set of big-population cities with high expenditure per household; and Niche Cities, which are smaller in terms of overall population but still hit well above their weight in spending per household.

The Megacities are -- (Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, and Pune); the Boomtowns are -- (Surat, Kanpur, Jaipur, Lucknow, Nagpur, Bhopal, and Coimbatore); and the Niche Cities -- (Faridabad, Amritsar, Ludhiana, Chandigarh, Jalandhar).

Good Real Estate opportunities! Contact us for luxury properties.

Brought to you by http://www.indiarealestventure.com

Gold is also going up, as so is Real Estate!

After 1928, 1932, 1936, 1948, 1952, 1956, 1964, 1980 a Golden Moment!

Today you can see Gold price going up, owing to Oil Crude price increase.

Real Estate has shown signs of recovery, with new inquiries, and land banks getting interest.

Brought to you by Indiarealestventure.com

Launching IndiaRealestVenture.com

Hello All

As of July 14th, 2008 I have launched  http://IndiaRealestVenture.com with a friend of mine.

I request your support in providing inputs and business.

This venture would be the online presence for my brick and mortar real estate business.

Regards
Ramesh

ADAG launches REAL

ADAG launches REAL - Reliance Equity Advisors Ltd with $1 Billion corpus.

Deal size ranging from $15 - $100M.

Watch out Growth-level firms.

News brought to you by India Real Estate Ventures, promoted by people in Bangalore.

http://www.indiarealestventure.com

Bricks and Boundaries

Heard from a friend that, Bricks and Boundaries near Anekal is a very good project.

They have decent residential plots 30 x 40, 40 x 60 or 50 x 60 etc.. quoting at 950 rs/sqft as final price. It might increase to Rs 1200/sqft as the IRR is going to be announced soon, which has been approved already.

Bricks and Boundaries

Race Course 68 acres to to sold

Today TOI has pointed out the use of Race course for residential purpose, while relocating the real estate to the outskirts, near Bidadi. That is a lovely area!

About 6000 homes of Medium Income Group, in 2 BHK units can be constructed. Alike to Koramangala, National Games Village.

Dont come to me for allotments, the first priority would be for government workers in Bengaluru, age wise top priority, the more old you are, you get the allotment first. Very transparent model suggested.

A big school for 2000 students and a Government Hospital, A bus-stand can be built.

There could be a frontage of various sizes of commercial mall complex can be built.

In the center, a beautiful park, like New York's Central Park can be built.

BSY government can do wonders. Hats off!

Bangalore Real Estate Deals

An established competitor, related to ex CM SM Krishna, managed to convince a residential plots owner (with few sales already) to sell the layout of 10.13 acres to Infosys. Reported in TOI today as well. The white value of deal is 6 crores, working out to about 600 per sqft. Not bad for an area, that sells for Rs 1350/sqft on an average. Now about 40% of the extra land earmarked for roads etc in the layout, becomes part of the commercial site.

What happened really was, even though the layout was approved, but to quash it for the non residential to commercial sake (unless it becomes a hotel of sorts, a 5 star one, that NRN wants to build for only Infoscions) the take back - as they call in real estate layout terms, is genuine.

The reality is, Real Estate is a tough field and everyone knows everybody. Information spreads very fast. A close friend of mine, has to forcibly re-register his 4800 sqft plot, to the co. at the purchased price, with a no loss no win situation.

The truth is the value of plots near Devanahalli is not that hot. At 500 rs/sqft or less goes. The uptrend is in Bidadi only. Personally I have seen a 300% rise in land price on Mysore road.

Companies like Infosys and Wipro, have a strong say in the real estate development.

You know about the Sarjapur Road from Silk Board junction was done in no time, as compared to other activities. Divided highway all along. Where in the world are you guys this would happen?

The Route 76 of USA between Philadelphia to Ohio border, connecting via, Harrisburg and Pittsburgh, was completed in 4.5 years of record time (4 tunnels). No wonder! The distance is about 380 miles.

Now the Silk Board to Electronic City flyover, that was to be inaugurated on August 15th, 2008, is postponed by a few months. Lucky us, in Bangalore, they have ensured that it crosses Chandapur circle - nearabout of Sparsh Hospital as well. 15 kms of fun all the way, with 2 subways!

This BJP government is doing very good work now. Excellent BSY.

Current Activity!

We are working on identifying a parcel of land for a Dutch investor, to setup Mechanical SEZ of Auto components.

Target area in around 25 kms radius, with good connectivity to Airport.

The investor, would not pay residential land prices and will accept 99 year lease as well. There is penalty clause included, in terms of illegal occupied land.

(this is one of the tough assignments, with penalty clause, hence I posted it here)