Property makes up a substantial portion of Mr Sumit Aggarwal’s investments. His confidence in it was bolstered by a series of good experiences from his real estate investments in India, London and Singapore.
The 40-year-old is head of transaction banking at Standard Chartered Bank Singapore. He grew up in India and received his commerce degree from Dronacharya Government College, Gurgaon, in 1988 and an MBA from the Institute of Management Technology, Ghaziabad, in 1990.
He does not speculate in properties but picks them up using a methodical approach.
More : business.asiaone.com
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NEW DELHI, MAR 7: The real estate boom was changing the way Indians live is old news. The latest is that it has started generating interest from buyers overseas.
With more than a dozen Indian property exhibitions lined up across the world this year, for the first time, Indian real estate is truly going global.
An Indian property exhibition has now become part of the annual events calendar of cities like Singapore, Dubai, New Jersey, Los Angeles, Toronto, London, San Francisco, Hong Kong and Muscat. The Home Owner Dubai exhibition, for instance, held an exclusive Home Owner India event
The final quarter of 2009 has seen a broad improvement in interest shown for emergent property markets in Morocco and India. With the United Kingdom and India having enjoyed a historic relationship over the past 150 years, including a British Indian population settled in many parts of the UK, it comes as welcome news for the one of the world's new economic powerhouses to receive increased investment interest from UK property investors.
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Sitting in his plush three bedroom apartment in Pune, Ravi Prasad is looking a trifle worried. A bit of prodding and he speaks of the rising interest rates on his home loan as the cause for it. I bought the apartment in early 2007 and opted for a floating rate of interest, recalls Prasad, who holds a senior level position in a well-known retail chain.
From an interest rate of just over 8% at the time of obtaining the loan, that number had climbed to 12% by April this year. Now, theres another increase and I am still figuring out
As the financial crisis grips world economies, the real estate sector is giving away freebies to lure customers.
Unitech is offering a free LCD TV on booking of property while one can get free Solitaire worth Rs 1.25 lakh on booking of property from Tulip. Another real estate giant, Jaypee Greens, is giving away a luxury car on purchase of property.
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More : ibnlive.com
Indian Real-estate appreciation will depend upon location
Real-estate price of India is going up. But the escalation in prices is not linear. Not all real estate is going up in prices equally. The trick in buying real estate in India is in buying a property (especially land) at a price next to nothing when it is in remote area and very few developers eying on the same. If you are not able to do that then do not invest when a developer build apartments or shopping complex or homes in the remote areas. The reason is after the builder is done
