Sunday, June 21, 2009

Ready-to-move-in branded apartments, investing in Indian real estate, buying property - a blind game? - real estate news links

Future Group to foray into ‘Real Estate Business’

The Kishore Biyani-led Future Group is all set to foray into real estate business for building ready-to-move-in houses.

The company has informed that it has signed 50:50 joint venture with Kolkata-based developer Sumit Dabriwal, to incorporate FH Residencies, for 'branded apartments' that would be available at an 'affordable' cost.
To read more, please, visit - TopNews

Indian HNIs prefer realty investment in India than abroad

The Indian HNI (high net worth individual) is being aggressively wooed by foreign developers. With the balance of economic power shifting towards Asia, and with India projected to be the world’s third largest economy by 2050, and a subsequent increase in the number of wealthy individuals , property consultants from across the globe are making a sales pitch, and also getting the HNI segment interested enough to buy.

HNIs are people with net financial assets (liquid assets) of at least $1 million, excluding primary residence and consumables. Data from consultants like Cap-Gemini and Merrill Lynch suggests that India has the youngest HNI population in the Asia-Pacific region, with the club having even 28-year-olds on their rolls.
To read more, please, visit - The Economic Times

Wanted: full disclosure (!)

In case of most of the products in the market today, you can see, touch and feel them, satisfy yourself about their features, read reviews, and in many cases, test-use them, and only then decide to purchase them.

But in case of real-estate products, the situation is quite different. Here investors have very little to go by beyond the glossy advertisement, a site visit, and a tour of the sample flat (decorated with expensive furniture and fixtures, all shrewdly calculated to impress). With so little information, investors are expected to pay up money in advance for a product that will be delivered 12 months to two years later.
To read more, please, visit - Indian Express

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