#Real Estate Consulting Company in Rajkot

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IT Companies in Rajkot: A Growing Hub for Technology and Innovation

Rajkot, a city primarily known for its rich culture and historical significance, has evolved over the years into a thriving industrial and technological hub. Located in the heart of Gujarat, this city is steadily carving a niche for itself in the IT industry, offering numerous opportunities for both startups and established firms. In this article, we’ll explore the rise of IT companies in Rajkot, the reasons behind this growth, and the future potential of the industry.

The Rise of the IT Industry in Rajkot

Rajkot’s entry into the information technology space may not have been as rapid as cities like Bengaluru or Hyderabad, but it is steadily gaining ground. Several factors contribute to the increasing presence of IT companies in Rajkot:

Strategic Location: Situated in Gujarat, a state known for its business-friendly policies and infrastructure, Rajkot benefits from excellent connectivity to major cities like Ahmedabad, Surat, and Mumbai. This makes it an attractive location for businesses looking to expand or establish IT operations.

Cost-Effective Operations: Compared to the metropolitan cities where the cost of setting up and running a business is high, Rajkot offers affordable real estate, lower operational costs, and a competitive talent pool. This cost-effectiveness appeals to both startups and established companies looking to optimize their budgets.

Skilled Workforce: Rajkot boasts a growing number of engineering colleges and technical institutions that produce a steady stream of skilled IT professionals. These graduates are well-versed in the latest programming languages, software development, and IT management practices, making them a valuable resource for local IT companies.

Government Support: The Gujarat government has taken significant steps to promote the IT sector in the state. Various incentives, subsidies, and supportive policies have encouraged businesses to invest in IT infrastructure, contributing to the growth of IT companies in Rajkot.

Notable IT Companies in Rajkot

Though the IT industry in Rajkot is still emerging, several notable companies have already established their presence. These companies offer a range of services, including software development, web design, digital marketing, and IT consulting. Some of the prominent IT firms in Rajkot include:

Samcom Technobrains: A leading software development and IT consulting company, Samcom Technobrains specializes in custom software solutions, mobile app development, and web applications.

Webzlabz Pvt. Ltd.: Known for its web design and development services, Webzlabz caters to clients both locally and internationally, delivering high-quality websites and digital solutions.

Rigel Networks: Rigel Networks is an IT services company offering a wide range of services, from software development to IT infrastructure management. Their expertise in cloud computing and enterprise solutions has made them a key player in Rajkot’s IT scene.

TechEvolve: Focused on innovation and technological advancement, TechEvolve provides solutions in the areas of artificial intelligence, machine learning, and blockchain technology.

Future Potential for IT Companies in Rajkot

Rajkot is well on its way to becoming a significant player in the Indian IT industry. With a supportive business environment, a growing talent pool, and increasing investment in technology, the city is poised for substantial growth in the coming years. Key areas of future potential include:

Expansion of IT Parks: Plans are underway to develop IT parks and infrastructure dedicated to the tech industry, providing IT companies in Rajkot with the necessary resources to expand their operations.

Startup Ecosystem: The city’s entrepreneurial spirit is fostering the growth of tech startups. With access to affordable resources and a supportive local government, Rajkot is likely to see an influx of innovative tech startups in the coming years.

Outsourcing Opportunities: As more businesses around the globe look for cost-effective outsourcing destinations, Rajkot is positioning itself as a viable option for outsourcing software development, IT support, and business process outsourcing (BPO).

Conclusion

The growth of IT companies in Rajkot reflects the city’s transformation into a modern, tech-friendly environment. With its skilled workforce, cost-effective operations, and supportive government policies, Rajkot is rapidly becoming an attractive destination for IT businesses. Whether you’re an entrepreneur looking to start a tech company or a business seeking IT solutions, Rajkot offers a wealth of opportunities in the ever-evolving IT sector.

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Are you looking for a warehouse for rent or sale?

Are you looking for a warehouse for rent or sale?

We are one of the best real estate consulting companies in Ahmedabad. we are the most trusted real estate consulting in Ahmedabad. we are the leading real estate broker in Ahmedabad. We are providing services as Industrial property broker in Ahmedabad for warehouse sales & rent in Ahmedabad. We are dealing with all types of industrial property like rent, buy, sale and lease. we provide the best…

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We are experts for renting Warehouse, Storage Service in Ahmedabad, Vadodara, Vapi, Surat, and Rajkot all over Gujarat. It is best to take the help of Prakash Estate specification whether require space for a distribution purpose Storage Space for your items & products. We have over 25000 Warehouse & Godown rent inventories in all over Gujarat. We have new PEB Warehouse Space on Lease/Rent in Ahmedabad, Gujarat. We have a lot of inventory for (BTS) Build to Suit Warehouse in all over Gujarat. Our Company main function is to provide Best quality Warehouse for Rent to our client. We also do factory Leasing, Industrial Shed Leasing in Gujarat. 

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Place1india HR Solutions is one of the top Placement Consultants in Ahmedabad, Gujarat, India. Offering corporate recruitment services (Entry to Exit), Industrial, IT Staffing services, non IT best recruitment agency in Ahmedabad. We are leading Placement agencies & best job placement consultancy in Ahmedabad, Gujarat. Providing skilled unskilled customised placement services for employers, highly cost effective permanent or project based temporary employment agency and contractual manpower services in Ahmedabad across the industries. As staffing agency, we know recruitment process is time bound process. We are providing free job consultancy in Ahmedabad for all job seekers across Gujarat. We are hiring experts in private sectors and having more than 10 years of experience in talent hiring services (Junior, Middle, Senior top management ) with a satisfied customer reviews and top Google ratings that's why we are recommended corporate placement company, manpower outsourcing services provider and best recruitment consultants in Ahmedabad, Gandhinagar, Vadodara, Surat, Bharuch, Ankleshwar, Rajkot, Gandhidham, Morbi, Bhavnagar. Right talent employee services provider in across Gujarat for each organisation. We cater recruitment services for following Industries for Non IT Administration office staff recruitment, IT Information Technology, Pharmaceuticals, manufacturing Engineering, Banking, Accounting, Finance, FMCG, Human Resources, Oil Gas & Energy, Beverage, Chemical, Petrochemical, Biotechnology, Healthcare, Agriculture, Retail, Automobiles, Electronics, Technical IT Software developer, Hardware, Telecom, BFSI Capital Stock market, Hospitals, Hospitality, Consumer goods, Supply Chain, Tours Travel Tourism, Educational, Transport Logistics, eProcurement Tender, Architecture, Real Estate Infrastructure, Building Construction, paints, Solar, Export Import, Print News Media, Ecommerce, Garments Textiles, ceramic, hotels & restaurants, Gold Diamond Jewellery, Automotive, Automation, Cosmetic Beauty Care, Salon, Airport ground aviation, Domestic International BPO/KPO, sales Marketing, warehouse, labour supplier contractor, bulk recruitment, etc. Providing free empowerment careers opportunities for fresher’s and experienced candidates as per current jobs openings in Ahmedabad, Gujarat, India. We are top staffing companies in Gujarat states. Providing human resources solutions across multiple industries, keeping abreast of latest industry trends and offer end to end manpower recruitment that meets the needs of client's staff requirements.

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Top 5 Real estate companies in India

1) M3M

M3M India is known to be the No 1 real estate company in India with 5000+ acres of land bank in the high-growth corridors of the capital city. Its presence is seen across several real estate sectors that include: educational institutes, the housing sector, commercial, IT sector, entertainment sectors, and hospitality. M3M is a debt-free company with a skilled and qualified professional senior management team. Their experience and expertise lie in Financial Services, Real Estate, and Consultancy sectors. They have more than two decades of real estate experience and have been bestowed for path-breaking real estate project designs and concepts in the luxury real estate segment.

2) Wadhwa Group

The Wadhwa Group has a rich heritage of more than 50 years. This group ranks amongst India’s top real estate companies and is currently developing townships, residential and commercial projects spread across 5.10 Million sq. m. They are majorly known for the accurate timing on completion of projects coupled with robust planning and design innovation. Today, the Wadhwa Group’s clientele comprises of over 30k+ gratified customers and over 100 + MNC tenants.

3) Ajmera Group

When it comes to real estate investments, Ajmera’s are known to be one of the most reliable builders in Mumbai. This group has grown with time and has expanded services to other sectors like sports, security, social welfare activities, solar power, and many others. Ajmera’s have a strong presence in and around Maharashtra mainly in Ahmedabad, Pune, Mumbai, Rajkot, Bangalore and Surat. They have also added a few international projects to the list which are located in the United Kingdom and Bahrain. Excellence, advanced technology, luxury, esthetic appeal, and value for money are a few traits that make people believe in them.

4) NBCC India Limited

It was founded in the year 1960 as a civil engineering company by the government of India. NBCC has engraved its mark in three major segments of real estate. It focuses mainly on developing and designing commercial and residential inventories for governments. They also develop landmark projects across various sectors, like the redevelopment of government project for a niche market by constructing cooling towers, power sector and chimneys.

5) Lodha-

Lodha Group is also one of the most trusted and leading Real Estate companies and one of the finest Real Estate Developer in India. Lodha Group has over the years not only sold homes but also made decent relationships with their patrons. They were established in the year 1980. The group is currently constructing more than 40 projects in and around Mumbai.

We hope this article helps you in choosing the ideal real estate developer.To know more about M3M India, which is No 1 real estate company in India please log on to http://www.m3mindia.com/

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The internet of indulgence

India's luxury consumers are getting bored of monotonous, age-old user experiences. Brands are conjuring up exclusivity through AI/AR-VR to hyper-personalized and add that bit of 'magic'

A smattering of pastel houses rises above an inky ocean, peeking from beyond the French windows. I take a seat into the car’s expansive backseat, as instructed, and with the flick of a finger, the seat in front of me has zoomed forward and bent over, adding extra legroom—and a surprise. A plate from the seatback folds out, much like an airplane table, revealing a cushioned footrest. Here, at the rear of the Audi A8L, I have a plush, on-demand foot massager, complete with heating controls.

As I sink into the seat, though, I remember a slight technicality—I can’t actually get that message. The truth is that beyond those French windows aren’t the oasis of blue, but rain pelting down a raucous Mumbai road. For a few minutes, though, I was ‘in’ the car somewhere in France, not on a regular leather chair at a store, and could physically walk around the car to get a sense of its size, or of how it looks in the metallic Navarra Blue versus the muted Impala Beige.

The A8L has been late in coming to India, so the Audi team has devised a high-tech sales experience to keep up the buzz and speed up the pre-order process. It’s snazzy and elaborate, and locally built. Rather effective too.

I’ve played with virtual reality (VR) headsets before and was a bit skeptical putting these on; yet, I had to stop myself from reaching out to pat the seat leather, the color of which I had just changed to an elegant burgundy. I could see each stitch detailing and feel the manufactured luxury of the car, without it being even on the same continent as me. It felt like I could do pretty much everything but drive it.

“Digital customer-centric initiatives are a key focus area for Audi in India,” says Balbir Singh Dhillon, head of Audi India. “In today’s connected world, we want our customers to experience every detail of the car in miniature or actual size from the comfort of their home or office environment; this is possible through virtual and augmented reality (AR). Through these new-age solutions, a customer can experience what the brand truly stands for: Vorsprung Durch Technik, or ‘progress through technology’.”

Audi’s VR experience—which is supplemented with an augmented reality set up on an iPad as well—as part of a new era of luxury business driven by high-end technology. For the discerning set of high net-worth individuals in India, brands are working to engage touchpoints that offer next-level convenience and tell unique stories. The eventual goal is to tailor every touchpoint for each customer. A lot of this process is driven by technology and artificial intelligence (AI), and then built upon to lend that clutter-breaking wow, factor.

“Over the past few years, the quality of data available has significantly improved,” says Manishi Sanwal, managing partner of data analytics firm Voiceback Technologies, who has previously worked in leadership roles at LVMH in India and China. “While social media lets you analyze behavioral trends, a massive increase in computing power has made it possible to correlate sales with customer behavior. Technology can accurately forecast buying decisions today, resulting in less inventory, quick and early monitoring of trends and more customer focus. This leads to higher customer satisfaction and stronger brand loyalty.”

It’s not all smoke and mirrors though. While there is the added incentive to gain eyeballs, the visual tech also plays a utilitarian role.

For instance, StyleDotMe, a Delhi-based fashion-tech the startup introduced an augmented reality setup for the jewelry industry a year-and-a-half ago. Called MirrAR, the patented platform lets customers virtually ‘try on’ different pieces of jewelry at a store or kiosk, much like a Snapchat filter, eliminating the need for inventory at all chain stores and speeding up the customer trial process. the mirror now works with 77 jewelers in 23 Indian cities, including Tanishq, Amrapali, PC Jewellers, and Kalyan Jewelers. They recently did ‘zero-inventory’ kiosks for Tanishq at Delhi and Bengaluru airports, where flyers could browse through the brand’s collection, see how it looked on them, and generate leads.

“Jewellery is a particularly conservative industry, where most jewelers are the third or fourth generation in the family,” says Meghna Saraogi, founder and CEO, StyleDotMe. “It’s tough to change their mindsets. The deal-breaker for us was an association we did with the Jaipur Jewellery Show early on, where we set up an experience zone through different domes. Customers move across the domes and, at eye level, see themselves in different jewelers’ inventories, without physically having to put anything on. After the show, about 30 jewelers paid us upfront.”

Saraogi recalls how one lady asked around to know who had built the zone, and finally found and hugged her. “She was so emotional, saying she never thought she would get a chance to see herself in such jewelry, but with this product, she finally had,” she says.

the mirror uses various data points to make the jewelry life-like, including the height of the pieces and the quality of the diamonds used. The idea is to depict a piece exactly as it is, including its level of shine. Jewelers can add an unlimited number of images to their virtual inventory, and customers simply swipe and click to try them on. If they’re interested in a certain piece, it can be arranged to view physically.

“Jewellers typically show catalogs or pictures on their phones or iPads, and we realized that even a brand like Tanishq can’t have the same inventory at all its stores,” says Saraogi. “It’s so capital intensive; for jewelry retailers, the biggest cost isn’t real estate, but the cost of transporting and securely storing inventory. We wanted to build something that would work seamlessly and solve a real pain point. Many other existing AR products worked on static images, or instruction-based technology, where a voice asks you to look at a certain angle, turn right or left, which a lot of customers don’t like.”

the mirror also allows jewelers to create computer-aided design (CAD) versions of jewelry sets for customers to try on, which can then be built-in the real world based on feedback. “This closes the gap between real and virtual, as jewelers only have to manufacture the sets they know will sell, preventing wastage of both time and resources,” she adds.

According to Saraogi, an average customer tries on 20 to 25 pieces when using MirrAR, versus three to five with physical trials. “So our product is helping jewelers show 5x more SKUs (stock keeping unit) than they would have,” she says. “About 50 percent of people we surveyed say they feel awkward or tired after trying on five physical pieces at a store.”

StyleDotMe is working on launching similar AR solutions for beauty and sunglasses market by the end of the year and say the products are also helping jewelers penetrate newer markets.

“Initially, we targeted the big-brand jewelers who had multiple stores in Tier-1 and Tier-2 cities,” says Saraogi. “We were zapped to see the sort of demand we’re getting from Tier-3 and Tier-4 towns, where smaller jewelry stores take pride in being the first ones to launch such technology in their towns. They want to be projected as tech-savvy, progressive. We’re in places like Kota, Rajkot, Akola, and it’s amazing to see how people are responding there.”

StyleDotMe recently raised ₹2 crore in funding from Indian Angel Network and angel investors, in a bridge round led by Ambarish Raghuvanshi, former CFO, Info Edge, which runs various consumer internet portals. These funds will be used to bolster operations and set up a B2C web and mobile app, where customers can try on jewelry from various brands from their homes, and place orders on the StyleDotMe platform too. The company claims that its number of clients has grown by 40 percent quarter-on-quarter over the past year.

Jewelry isn’t the only traditional industry that technology is disrupting; it is also spawning a new buzzy vertical in real an estate called PropTech, still at a nascent stage in India.

In the luxury property domain, the challenges for the money-rich, time-poor clients are obvious—HNIs are by and large busy people, who may invest in multiple properties and may not have the time to visit each site they might consider. Brochures and websites can give a limited view. But using AR or VR, buyers can be ‘immersed’ in their projects in the next dimension, and take a walk around not just the property, but also its street, surroundings and so on. Interior projects can be monitored without site visits, and updates visualized in real-time.

“Real estate, especially in India, has been slow to adopt technology, but this is rapidly changing,” says Abhay Kumar, head–marketing, JLL India, a real estate consultancy. “Now, technology is the top investment area for many real-estate players—developers know that they can’t keep doing business as they used to. It’s no surprise that a lot of startups who were earlier working on algorithms for IT players are now building solutions for real estate.”

JLL has partnered with the government’s Invest India mission to launch a PropTech accelerator, and claims to have received 1,500-plus registrations for the first round. Kumar says AR and VR sales experiences are far more effective than brochures and miniature 3D models, helping cut down the transaction process—but even more in demand will be the use of AI, machine learning and the Internet of Things (IoT) in this sector.

“From an occupier perspective, this segment has a far more direct use case, something you will interact with every day,” he says. “We’re seeing Alexa and Siri at all kinds of homes today, but in the luxury segment, things are taken a step further with automation.”

Using IoT-enabled devices, residents can not only map water wastage and energy efficiency in real-time, but also control their home temperature, book parking slots, make sure the lift has arrived even before they reach the lobby, and so on. Luxury developers are investing in cloud-based visitor management solutions at projects too. “This is not something we are seeing in the middle segment, but the luxury segment has definitely started implementing it,” Kumar adds. “Think of the convenience and experience, and also the data insights you can draw using these, from both a buyer and seller perspective. These are no longer technologies of the future.”

Elementary, dear Watson

Tech giant IBM has been working extensively in building what it calls ‘cognitive fashion’. In 2017, it partnered with two major Indian fashion houses to stretch the limits of fashion tech, with the use of IBM Watson, its AI-enabled tool.

With fashion designers Falguni and Shane Peacock, IBM Watson worked to project the future of fashion. Using the Watson visual recognition API, the team scanned 600,000 publicly available

fashion images from 2006 to 2017, from the world’s four biggest fashion weeks—London, Paris, Milan and New York. Similarly, they processed more than 5,000 major Bollywood outfits and studied data from 3,000 Bollywood movie posters across the decades from the 70s to the noughties. IBM provided them with tools to identify color, pattern and silhouette trends, and Watson could use AI to analyze thousands of patterns and create entirely unique ones for the future-collection, showcased at a fashion show to a standing ovation.

“We were lucky to have been the first few to work with AI, and it has opened up a lot of ideas on what we can do with technology,” says Falguni. “For example, if I was working on a purple dress, I could scan through the archives to see all the purple dresses showcased earlier so that I know mine is entirely new. This is one way in which designers and AI can work together… I wouldn’t say AI will take over the designer’s job, but it can make their lives dramatically easier.”

“Watson let us travel back and forth in time and space at an unbelievable speed, letting us study vast amounts of data for both broad trends, as well as an understanding of the more obscure data, too,” adds Shane. “We’re looking forward to extending Watson to other parts of the creative process because the future of cognitive couture is looking fabulous.”

IBM also partnered with couturier Gaurav Gupta for a high-tech art-meets-fashion project: The world’s first AI sari. Powered by IoT, the white sculpted sari-gown had an LED light panel running across it, and the lights would change colors based on different personalities. The sari-gown featured as a live exhibit at the Vogue Women of the Year awards, worn by actor and the event’s emcee, Archie Panjabi.

Using Watson’s personality insights API, the sari’s LED lights would change color for each of the night’s awardees—a color assigned after Watson conducted a detailed study of the person’s social media handles. Watson analyzed social media activity using seven parameters, including effectiveness in organizing thoughts, open-mindedness and originality, confidence and problem solving, action orientation, conscientiousness, openness to possibilities and alternatives and social energy. Each of these traits was mapped to a color most associated with them. So, if Aishwarya Rai Bachchan was red, Shah Rukh Khan was gold. The gown was also used as an interactive art installation, where visitors could plug in their own Twitter handles and have the garment analyze their profiles and change to a color assigned to them.

“What the experience taught me is that the future of design development is definitely technology,” says Gupta. “If I have a mood for love—say neon blue—it could come up with a million print ideas that can be customized in milliseconds. Any human developing that would take days, months. I’m toying with the idea of adding Watson to my design team; it will add a different dimension to my design.”

Brainpower

Imagine knowing what every customer is going to buy before they walk into a store.

A powerful line from a Deloitte report titled ‘Digital transformation–the ultimate challenge for the fashion industry’ pretty much sums it up. The report advocates digital transformation across fashion business functions and stresses the urgency and momentum to ‘re-imagine, reshape and retool for an era in which traditional boundaries are broken’.

Data is the new oil, but few companies know just how to use it. The report says ‘digital clienteling’, or leveraging user information at the convergence of big data analytics, IoT and data science, will help brands better tailor their sales information and products to customers, improving conversion rates and revenues. “A misaligned or generic digital offering may actually widen the digital divide and even pose a threat to brand and reputation,” it says.

A few startups are seeing great interest in solving this problem for luxury brands. Vue.ai, for instance, formed in 2016, works on personalization, product digitization and increases the speed at which you can take a product online, for the fashion industry. It also helps analyze data to increase personalizations, which should eventually lead to conversions. The startup is based between Chennai and San Francisco, and services markets including the US, Europe, Latin America, Japan and the Middle East. Its clients include luxury fashion e-store Pernia’s Pop Up Shop, and it claims to have grown its revenue 3x over the last year. Vue.ai and its parent company, Mad Street Den, raised a Series B round of $17 million in April.

“This year, we’ve broken into India, and it’s become a pull market for us,” says Ashwini Ashokan, founder, and CEO, Vue.ai. “It’s interesting to see how the Indian customer is changing and driving this demand. You’re beginning to see the pull towards aggregation and storytelling. I can safely say that the era of the Flipkart-Myntra discounting driving the market is over.”

Ashokan says about 10 to 15 percent of their total business now comes from India. “This is the year of luxury,” she adds. “Indians are now associating heavily with the value of a brand, between both beauty and fashion. Technology cannot create that demand, but it can create an order of magnitude growth. That’s where we’re focussed—how to send a customer the right thing at the right time.”

To explain, if you go on an eCommerce webpage, it is working quietly to understand you in real-time. Are you looking at pink lehengas? Are you looking at pink lehengas with full sleeves? Or are you not looking at pink lehengas at all, but a particular type of embroidery, which led you to your first two clicks that happened to be on pink. “Every single click is specific to you,” says Ashokan. “If a brand knows who they are producing for, it can influence production based on that, and stop wasteful creation. A lot of products get dumped because there’s no demand. When you’re spending that kind of money, you want each detail to be perfect, and brands must understand that.”

Similarly, London-based BeautyMatchingEngine (BME), run by its Indian-origin founder Nidhima Kohli, says India accounts for its third-largest volume of users. BME, an offshoot of its predecessor MyBeautyMatches, is a new AI-powered product for the beauty industry, which can help companies make hyper-personalized product recommendations to users.

“The beauty industry is behind many others on innovation, but it’s good with PR. It’s tough to make beauty recommendations, because each person might react to it differently,” says Kohli. “For example, we are both Indian, but we live in different climate conditions, we are of different ages and may have different concerns. What works for me will not work for you. Our product takes into account all these factors before filtering down them to recommendations.”

BME also analyses patterns—it noticed, for instance, that a a lot of people buying shampoo for hair fall and dandruff also had acne concerns. “This is data the company can use, and we also help them explain to customers why a particular product is being recommended to them,” she adds.

“Consumers are well-educated now in the beauty market, and companies are beginning to see that gimmicky experiences don’t generate revenue. Every touchpoint needs to count.”

“Ninety percent of people still think that personalization is segmentation,” says Ashokan of Vue.ai. “It’s 2019, that doesn’t work anymore. You can’t tell me that I am just like all these other people.” #MohnishRANotes

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10 Things You Need To Know About Upcoming Housing Projects In Pune Today

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3 BHK Apartment Bhopal best for the middle class

THE MOST EXPENSIVE DEPARTMENTS FOR THE MIDDLE CLASS

Average price of the square meter reaches S /. 5,070. India leads the offer of apartments with greater built area.

That offers the most expensive departments for the middle class, according to the Real Estate News report to the month of October.

Thus, the general manager of the consultancy, John Smith, pointed out that the average price of the square meter in the referred district already reaches the S /. 5,070.

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"We are talking about departments with an average cost of S /. 500,000, which are usually located near the av. San Felipe, "he said.

He explained that the price has increased in this district because buyers are willing to pay for departments that are close to their workplaces that are usually located in neighboring districts.

However, he estimated that in the last quarter of the year sales of real estate will grow due to better prospects, before the next payment of the gratuities that will receive the consumers.

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"Some real estate companies have already reported that they have had better sales in the month of November," he said.

He added that the real estate companies in the last quarter of the year will carry out campaigns in order to encourage the qualification of the mortgage loans of the population.

[investmenttipsinproperty-blog]

2 BHK Flats in India: The best option in times of crisis Real estate investment

The financial world is nervous with the latest economic news that have been released: the Brexit and the corresponding collapse of different economies have caused a decline in some currencies and as expected the Indian is one of the affected in This readjustment of the world economic order, so that the people desperately seek some stable ground in which to invest so as not to suffer irreparable losses and one of the options most aided are the real estate in the India, according to the Indian Association of Professionals Real Estate Agents (AMPI).

In order to have a fixed price of the properties depending on the area, the type and amenities that each has, the president of the AMPI in Veracruz, Pedro Fernandez Krishan said that the "Green Paper" will soon be on sale, , A group to fix the prices of real estate for sale.

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It is hoped that the Green Paper will be used as today the automotive industry uses the blue book, document on which they are based to make the purchase of new and pre-owned units, thus an estimate of prices for Different types of housing taking into account some of the characteristics already mentioned above as location, size, development and amenities of the area among other parameters that should be considered so that both builders and buyers have an idea of ​​the cost per square meter of a certain building .

Krishan said that the Green Paper is a reference that is already being used in Delhi, Noida and Gurgaon, but to obtain a correct valuation on the real value of a property is the Federation of Indian Association of Valuators, who must be consulted in case of requesting the real value.

The businessman advised people looking to get a property, get very well informed before doing so to get it with the real price, otherwise the gain will not be real; It is very common that in times of economic crisis people seek to obtain a property that ensures future profits and of course a patrimony, however the high demand causes some real estate companies to take advantage of the situation and raise the sales prices or minimize the purchase.

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[neodevelopers]

The note ban may have brought real estate developers to their knees, but house hunters are looking on keenly from the sidelines. In October 2016, a Mumbai builder who runs a business worth roughly `500 crores was compelled to sell 1 lakh square feet of an upcoming residential project in the western suburb of Kandivali at `6,500 per sq ft when the going rate was around double that. To add to his woes, the broker in the middle charged a hefty 7% commission, or `5 crores, for arranging the `65 crore deal. “The builder’s profit was even lower than the brokerage he paid,“ recounts another developer, a friend of the `shortchanged’ builder. “It’s better to be a broker than a small developer,“ he adds as an afterthought. Broking firms, and not developers, grease the squeaking wheels of the construction business in Indian metros. In a market in which buyers are scarce and supply of under construction spaces is abundant, middlemen rule the roost, often arm-twisting cash-strapped developers to sell out cheap.

Till about a few months ago, developers did not solicit the help of brokers to sell projects as buyers showed renewed interest to own property across Indian cities. But the tables turned when the government announced its decision to ban `500 and `1,000 notes in the first week of November. It has been a grind ever since.

Developers are being forced to offer 5-7% as commission to offload inventory -which has swelled to over 6.71 lakh unsold units (across eight cities) in the second half of 2016. Consultants like Knight Frank not only count ready-to-move-in units as unsold units but also commissioned projects that are pre-sold to buyers before completion. The likes of Mumbai, Delhi (NCR), Pune and Chennai may show a dip in unsold units, but that’s more a numerical mirage (See graphic).

“The dip in (unsold units) numbers is not because of actual sales but because of the fewer number of new launches. Builders have stopped announcing new projects lately,“ explains Samantak Das, chief economist and national director (research), Knight Frank. “It may take two to three years for developers to offload their full stock. In markets like Delhi NCR, where there’s mass supply of residential units, it may cross four years.“

This is where brokers come into play.The canny ones are wheedling high net worth individuals (HNIs) and non-resident Indians (NRIs) to buy projects of small, capital-starved builders at prices almost 50% of the market rate.

The Faultlines

The year 2016 began well for the top residential markets (Mumbai, Delhi-NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, and Ahmedabad); sales volumes grew by 7% in the first half, as per data sourced from Knight Frank.

Factors such as probable interest rate cuts, political stability, economic growth, setting up of real estate regulators across states and imminent goods and service tax augured well for the sector -at least from a buyers’ point of view.

Analysts and builders viewed this phase as the turning point of the real estate sector, which had not fully recovered from the global financial meltdown of 2008 and 2009; and, more importantly, since the lending restrictions (on real estate developers) imposed by the RBI on banks in early-2015.

Optimism sustained in the second half of 2016 too, with sales numbers between July and October averaging better than the previous ten quarters. Things looked good and rosy till the time government announced its demonetization plans.

“Real estate sales dropped 40-44% across Indian cities post demonetisation. The fall was such that it brought down the yearly (2016) averages to below 2015 ­ which, again, was not a great year for real estate. The year ended with sales lower than in the past six years,“ analyses Das of Knight Frank.

It’s not only sales of ongoing projects that have been affected. Builders have applied the brakes on new launches as they wrestle with uncertainties around latent demand, economic effects of demonetization, implementation of Rea l Estate ( Regulation and Development) Act or RERA and probabilities of further rate cuts.

New residential project launches across eight key markets have fallen close to 28% in 2016, over a year ago, to 1.75 lakh units.There was 4.58 lakh new launches in 2012 ­ considered the best by far.

“Real estate sector has weakened even further post-demonetisation… Demand for new projects is also not very encouraging,“ admits Adi Godrej, chairman of Godrej Group, which owns Godrej Properties. “But we expect this to be more of a temporary blip… demand will pick up in a few months,“ he believes.

Established builders like Godrej and Niranjan Hiranandani, chairman of Hiranandani Group, are not worried about the build-up in unsold inventory or lower number of new launches. Lower rates and setting up of RERA will embolden prospective customers to get off the fence and buy properties, they feel.

“There’s demand for affordable ready-to-move-in units,“ feels Hiranandani. “But there are not many buyers for under construction projects as of now… Project level booking has come down drastically post demonetisation, but that’s more psychological… People are simply deferring their decision to buy an apartment to a later date,“ he says.

But such assurances are pretty unconvincing if one glances through actual residential property sales data.

In 2012, over 3.59 lakh units were sold across eight Indian cities; this has fallen consistently over the next four years, hitting almost rock bottom in 2016 at 2.44 lakh units ­ a long term sales erosion of over 32%.

Builders are putting up a stoic front.“We’re already seeing some revival in January. Demand is coming back gradually. Indians are value-seekers…and this definitely is their market,“ says Cyrus Engineer, chief sales & marketing officer, SP Real Estate, a Shapoorji Pallonji Group company. “We’re cautiously optimistic about the sector.There’s a lot coming en route… RERA, GST… There could be some chaos when RERA is getting implemented,“ adds Engineer. “Uncertainty will last for another six months. But I am positive about long-term prospects of the sector.“

What Buyers Want

Home-buyers, on their part, are waiting for rate cuts before firming up their purchase plans. If bankers are to be believed, there could be at least 50 bps (one basis point or bps is equivalent to 0.01%) cut in rates over the next year. This may bring down home loan rates to as low as 8.25% (2007-08 levels); competitive, cash-flushed banks may start offering loans at even lower rates. It’s anybody’s guess if loan rates would touch 7.25%, the level of 2003­04. Potential customers are also hoping property prices to correct in the interim. But that’s unlikely, says builders and sector analysts.

The sector has already undergone a “time correction“, wherein prices have remained stagnant for years together.Since 2013, real estate price inflation has matched the pace of general retail inflation ­ which is mostly in single digits.

“Property prices don’t come off overnight, the only number of transactions falls,“ opines Sharad Mittal, director & head of Motilal Oswal Real Estate Fund, which manages over Rs 1,500 crore across three real estate funds.

“It’s mostly a time correction ­ and not really a price cut. But there could be some level of price correction in high-end property and plots. But that again would be very negligible,“ says Mittal.

Contrarily, a few developers such as Hiranandani expect prices to inch up a wee bit once RERA comes to the fore. The Higher cost of compliance, title insurance, `escrowing’ incoming funds (from home buyers) and defect liability clauses are likely to jack up prices post the installation of real estate regulators.

Also, in metros, developers buy land parcels from institutions (and not individuals). Such land acquisitions are “all white dealings“, with no room for “underbilling“ or covering up the purchase price to skirt transaction taxes.

“Builders may not give discounts as they’ll be worried about taxmen. By lowering costs, developers may send wrong signals to the tax department that they’re collecting the reduced amount of cash,“ says Hiranandani.

The sector is moving gradually towards only-cheque payments, thanks to the stringent inspection of builder-to-buyer deals by the tax department. Lesser use of cash could well ring the death knell for developers with dubious track records.

“Absence of cash may hit local builders in smaller cities hard. Cities like Surat and Rajkot use 50 ­ 60% cash in their property transactions… Builders in these cities are in for hard times,“ says Shashi Kumar, executive director, Ornate Spaces, a Mumbai builder.

“In cities and metros, only builders with good institutional backing would survive in the long term. We’ll see a lot of industry level consolidation soon,“ envisages Shashi Kumar.

Source: https://goo.gl/AMuuwL

Far From Realty The note ban may have brought real estate developers to their knees, but house hunters are looking on keenly from the sidelines.

[place1india]

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Mitansh (Jaipur Growingtab Expo) was the only Jaipur-language media company invited this year to attend SIMA, International Real Estate Exhibition in Madrid and was a media partner of the exhibition.

This is not the first time that the Jaipur edition of The Growingtab Expo participates in an international real estate event. Organizers of these activities have realized that only Mitansh can help their exhibitors understand Jaipur and find more Jaipur investors for Flat in Jaipur.

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SIMA, which took place from 29 May to 1 June this year, is one of the largest and most well-known Spanish real estate expositions. As European countries opened their doors to immigrants, many Jaipur are attracted to Spain's Golden Visa for immigrant investment.

 Golden Visa of Spain, which took place last October, allows citizens outside the euro to apply for residence in Spain when they invest more than 500,000 euros (676,380 dollars) in the Spanish real estate sector. Most of the applicants are reported to be Jaipur, followed by the Russians.

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Mitansh reported in detail on the SIMA exhibition, hoping to provide Jaipur investors with more information on the real estate market. These reports attracted great interest from potential Jaipur investors, Free classified in Canada

 As an honest and open means of communication, independent of the Jaipur regime, The Growingtab Expo won everyone's respect. The newspaper offers unfiltered news from mainland Jaipur, which is extremely important for investors and for business management.

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According to Daisy Lee, Asia-Pacific market consultant for the Growingtab Expo of Hong Kong, Mitansh was invited to participate in a number of international real estate exhibitions in the last five months, including Belgium, Holland, Singapore and Malaysia.

 Chronology of exhibitions in 2014

 February - Belgium

 At the Second Home Expo in Ghent, Belgium's second largest city, Mitansh was invited to give a special speech on investment in the Jaipur market, free classified websites.

 "You see and hear more and more Jaipur want to buy a property, but we do not understand their language," said Ms Veerle Van Deuren. "I think Mitansh gives us a door. They have done it very well."

 March - Netherlands

 After the successful participation in the Belgian exhibition, the organizers invited the Growingtab Expo again to participate in the Second Home Expo in Amsterdam, Holland.

 April - Singapore

 OPP Connect, organizer of the International Real Estate Exhibition held its first Asian exhibition in Singapore, Classified website in India

 "We are very careful about the choice of cooperating media," said Mr. Xavier Wiggins, who was in charge of the exhibition. "Mitansh has great content, I love it. Mitansh has always been an independent, outspoken medium in which to be trusted."

 Cheryl Ng, marketing manager for The Growingtab Expo in Hong Kong, gave a speech titled "Mitansh can help you reach out to financially sound Jaipur investors faster." After attending the speech, Chaillot Xun, Associate Director for Remax in Singapore (Harlow Garfield Russell) said: "To expand into the Jaipur market, one has to work with The Growingtab Expo."

 Mayo - Malaysia

 Mitansh sponsored the 2014 Asia Pacific Real Estate Property Awards. This international event was organized by International Property Media, which is headquartered in United Kingdom.

 The event has been celebrated for almost two decades in different parts of the world. This year's winners are top people from hundreds of international real estate companies and architectural design areas.

  Mitansh was specially invited to host the debate titled "The Jaipur market: opportunities and crises coexist" during the prize-winning summit.