Real estate firms in India

ASSIGNMENT – 02
HSN REALTY SERVICES




HSN Realty Services is a privately held real estate brokerage company headquartered at the most prime Central Business District (Connaught Place) of New Delhi, which is strategically positioned, being the center of National Capital Region (NCR) to accommodate the rapid area development happening in NCR and most importantly the customer's convenience.
HSN Realty Services maintains one of the largest databases of Delhi – NCR rental listing. With a strong team of dedicated full-time professionals, the Commercial and sales department is growing rapidly.

HSN Realty Services offers a wide scope of real estate services more so specializing as mentioned here under:
• Prime Commercial Properties for Financial Institutions, Banking, Insurance, Corporate sector clients (Multinationals & renowned Indian companies);
• Prime Residential Properties, that is Luxury Apartments, Villas, Farm-houses exclusively for Expatriates;
• Prime Retail properties for Brands in High-end streets and Shopping Malls;
• Large Industrial Spaces (Buildings & Sheds) for Factories and warehouses;
• Serviced Apartments exclusively for Expatriates who are in India for short, medium or long term stay for the official assignment on behalf of their organizations. We are not experts in handling holiday tourist’s requirements.
• Serviced Offices for Companies looking for short or medium term.
• IT Parks & SEZ
• For Startup Companies in India, we can help you in finding the right professional organizations, who can take care of your following requirements:

Regulatory Affairs
-Applications to the Foreign Investment Promotion Board (FIPB) and related
Government authorities.
-Guidance for setting-up joint venture companies and wholly owned subsidiaries.
-Guidance for establishing Representative Offices, Branch Offices and Project Offices. -Guidance for setting-up units under the Software Technology Park Scheme and
Electronic Hardware Technology Park Scheme.
• Interiors & Maintenance (Project Consultancy & Turnkey Contracts)
• Corporate Leasing Services

HSN Realty Services is primarily focusing on Corporate Leasing Business.

The firm specializes in the leasing of office space in all prime and sub-prime business districts of New Delhi, Gurgaon, Noida and other prime cities of India.




Tenant Representation
Tenant Representation services include strategic site selection, lease negotiations and dispositions. Details are mentioned here under:

1. Understanding the client’s requirement in detail.
2. Submitting the best-suited properties keeping in mind the quality of building, track record of the building for e.g.: previous and existing occupants, satisfying ourselves with the services like electricity, power back-up, air-conditioning, smooth functioning of elevators, car parking etc. It always helps us to offer the facility which is flawless.
3. Enabling clients to make the best possible, most informed real estate decisions.
4. Negotiating with the owners to the best possible level, in favor of client.
5. Documentation including drafting of the Lease Deed and other respective documents till the registration of the Lease Deed.
6. Final acquisition of the property.

• Residential Apartments Leasing

Residential Properties Exclusively for Expatriates


What Expatriates want?
• A fair Service Provider who they can trust upon.
• Who can understand the requirement in best possible manner.
• Who can show the best possible locations and variety of options matching Client’s choice and budget.
• Best Negotiator
• Always at your service even after transacting till the time you stay in that accommodation.
Input needed from the client’s side?

• The exact requirement – Size of accommodation looking for.
• With Furniture or without Furniture
• Locality the client wish to stay
• Date of commencement of stay
• Duration of the Lease period

The process :
Once the client’s wish list is finalized the firm will actively prepare a list of properties that match the client’s criteria and compile a portfolio of potentially suitable property.
This would then be put forward for the client’s review. This process will continue until the client has identified a shortlist of suitable properties that he would be interested in receiving further detailed information about or would like to arrange a viewing trip to see the selected properties.
Then an evaluation of each property with it’s positive and negative aspects would be put forward by the firm to help the client make a balanced judgment.
Final Process will include the negotiation with the Property owner, Execution of the Documentation and Possession of the Property.

Retail Leasing

Growth of Malls in India: The Indian Retail Sector is booming and mall growth is being seen as a clear indicator of the economic prosperity in India. These shopping cum entertainment options are getting bigger and better, sporting multiplexes and food courts to woo shoppers.

Pharma Retail In India: The pharma retail sector in India, so far dominated by unorganized players, is expected to see a shakeup and consolidation soon. Big retail chains and other organized players have invested long term in it and are going about changing the business landscape.

The report details plans of the big players in the market, consolidation being an important element. Pharmacies are also moving towards offering a wider range of holistic services to serve a more demanding clientele. They are tying up with hospitals and diagnostic centers to offer value added services to their patrons. In turn, hospitals and diagnostic centers are planning retail forays too. Educating the customer is going to be another area that the industry will focus on Major Pharma Retailers are Medicine Shoppe, Apollo Pharmacy, Reliance Retail, Himalaya, Fortis, Guardian, Health & Glow, MedPlus, Trust, Dial for Health.

The traditional prime retail areas in Delhi, including areas like Connaught Place, South Extension, Greater Kailash, and Vasant Kunj would continue to command high prices due to lack of fresh supply.

Taking the advantage of shortage of retail space in Delhi, many private developers have come up with new retail projects in South and North Delhi. Saket District Center the prime retail mall Select City Walk, MGF Metropolitan, DLF Place and Square One have already started attracting major foot falls and they cater high end societies in the south and Pitampura's Netaji Subhash Chander Place have started catering mix of high end and middle class societies in North and West Delhi.

Retail and NCR (National Capital Region)
Retail expansion in the National Capital Region (NCR) is primarily being planned in the new malls. An estimated 75 malls would be in placed in NCR, all this development is taking place, keeping the rising demand for real estate by the retail brands. Retail industry is set to grow by leap and bound by 2010.

It is Gurgaon that has initiated organized retail boom in Delhi and NCR in the form of malls. Major retail brand presence is along MG Road in Gurgaon and now it has started spreading across Golf Course Raod, Sector Roads, Sohna road, DLF Phase V are next in the row. Concept of specialty malls was first introduced in Gurgaon, a few malls such as The Gold Souk has already come up which houses around 70 retailers and another The Wedding mall on Sohna Road which will house everything from trousseau to event managers and jewellery.

In Noida, Sector 18 is the hub of retail activ ity. Besides the 3,50,000 sq ft Center stage Mall and Unitech’s Great India Place, which are now operational give immense bump in terms of footfall. Presence of retail giants like Benetton, Adidas, McDonald's, Papa jones, Madura Garment, Bata, Provouge, Levi's and Reebok makes it imperative for other brand to set up their base at the same place.

Industrial Leasing

An industry is the manufacturing of a good or service within a category. Although industry is a broad term for any kind of economic production involved in the manufacturing of raw materials into goods and products.
There are four key industrial economic sectors:

1. The primary sector, largely raw material extraction industries such as mining and farming;
2. The secondary sector, involving refining, construction, and manufacturing;
3. The tertiary setor, which deals with services (such as law and medicine) and distribution of manufactured goods;


4. The quaternary sector, a relatively new type of knowledge industry focusing on technological research, design and development such as computer programming, and biochemistry.
In the NCR (National Capital Region) primarily there are few Industrial sectors which have been developed in past few years and attracted many major Industrialists from all over the World. The main areas are:-

1. Delhi
2. Udyog Vihar (Gurgaon)
3. Manesar (Gurgaon)
4. Dharuhera
5. Bawal
6. RAI (Sonepat)
7. Faridabad
8. Ghaziabad
9. Noida


WAREHOUSING
A warehouse is a building / shed for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns. Modern warehouses are also used at large by exporters/manufacturers as a point of developing retail outlets in a particular region or country. This concept reduces the end-cost of the product to the consumer and thus enhance the production sale ratio. Warehousing is an age old concept which can be used as sharp tool by original manufacturers to reach out directly to consumers leaving aside or bypassing importers or any other middle agencies or person.

In today's environment warehouses stand to play an increasingly important role in the Logistics industry. A strategically located warehouse is crucial to the survival of a business. This is especially true due to the rising fuel prices.

At HSN we are committed to provide warehouse owners and warehouse seekers a viable platform where they can exchange their requirements.

We help businesses find the warehouse, industrial, and flex space that fits their operation, their budget, and their future. With plenty of warehouse space available in strategic locations and at attractive rates, it's good business to locate to warehouse space that makes financial sense.

• Adding more equipment? No problem. We help you expand.
• Changing processes or outsourcing? We help you resize .
• Paying month-to-month rates? Extend a lease for lower rates.
• Adding locations? We can help you find new locations.


Serviced Office

What is a Serviced Office?
A Serviced Office is an office that is fully equipped and managed by a facility management company, which then rents individual offices or floors to other companies.


Traditional Offices Vs Serviced Offices:
In serviced offices, there are no additional costs for business rates, lighting & power, security, cleaning, building & plant maintenance, elevators, insurance etc. The only additional costs, on top of rent, are for telephone / internet usages which are normally charged at standard rates.

While costs may look high initially, the rent that you pay includes almost all of the costs that you would normally expect to pay on top of rent in a traditional office. Neither are there any charges for furnishings which are normally the latest workstations with chairs, filing systems and tables for meeting rooms. This is usually a significant cost for any occupier and is included in the serviced office rent. A major difference between serviced offices and traditional offices, which is one of the main reasons for deciding to use them, is the length of the lease. A serviced office lease may be as short as 3 months, or more typically 9 or 12 months. This is very different from the 3 / 6 / 9 / 12 years lease normally associated with a traditional office and gives many organizations the much needed flexibility to shrink or expand as their business dictates.

Facilities and services typically include:
• Full time security
• Insurance
• Heating, air conditioning and other utilities
• Telecom connections
• IT infrastructure and internet connectivity
• Furniture
Serviced offices may offer benefits over conventional offices for new or dynamic businesses including:
• Low start up costs
• Prestigious addresses
• Flexible leasing
• Maintenance
• Immediate availability

IT Parks & Sez
Special Economic Zone (SEZ)


SEZs in India are Unique. The SEZ policy framework is the most visionary, ambitious and far-reaching initiative of the Government of India (GOI) so far, designed to transform fundamentally the 'Foreign Direct Investment (FDI) Landscape' for all times to come. It aims to provide complete business freedom to large multinational companies which are seeking to globalize their production bases. The central and distinctive anchors of the SEZ policy framework in India cover the following themes:

• 100% tax break/holiday for ten years up to 2010 (in other countries, tax reliefs are regulated).
• Unrestricted access to domestic markets (with payment of applicable duties/taxes).
• The permissible economic activity in SEZ is vast and it covers trading, servicing, reconditioning, labeling, repacking etc.
• 100% foreign ownership automatically cleared in the manufacturing sector. The Chinese SEZs for long have insisted on joint ventures with local partners.
Support for Startups

Special Support Services for Startup in India

For Startup Companies in India, we can guide you to contact the renowned professional organizations, who can take care of your following requirements:

Regulatory Affairs •
Applications to the Foreign Investment Promotion Board (FIPB) and related Government authorities.
• Guidance for setting-up joint venture companies and wholly owned subsidiaries.
• Guidance for establishing Representative Offices, Branch Offices and Project Offices.
• Guidance for setting-up units under the Software Technology Park Scheme and Electronic Hardware Technology Park Scheme.




Submitted by:
Divya Gnanasekaran