REAL ESTATE REGULATIONS & POLICIES
KARNATAKA
CONTENTS:
Introduction
• Regulatory Environment Relating to Purchase of Land:
I. Karnataka Land Reforms Act, 1961 (“KLRA”)
II. The Karnataka Town and Country Planning Act, 1961 (“KTCPA”)
• Processes for Obtaining Approval for Conversion of Land in Karnataka
I. conversion of land from agricultural to commercial purposes
II. conversion of land from non-commercial to commercial purposes
• Statutory Fees and Other Costs involved in Obtaining Approval for Conversion
• Development of Commercial/ Residential Projects in Karnataka:
• Relevant Policies:
a) SEZ Policy
b) Industrial Policy 2006-11 (“Industrial Policy”)
c) IT Policy
d) Karnataka Tourism Policy 2002-2007
e) Relevant Taxes and Duties
f) Other information
INTRODUCTION:
Situated in the southern part of India, the state of Karnataka spreads over the Deccan Plateau. From
a basically agricultural economy, Karnataka has evolved into an industrial one. It has today about
978 large and medium scale industrial units with a total investment exceeding INR 1,56,545 crores
1 employing more than 4 lakh people . The capital Bangalore today has become an industrial
metropolis. As an electronic city, it has already spread over 300 acres and has become a nerve
2 center of activity. Out of the 430 major software companies, 87 companies are based in Bangalore .
The key industrial activities in the state includes IT and ITeS, telecom equipments, electronics and
electricals, engineering, aeronautics, minerals, machine tools, watch-making, ceramics, leather
3 products and food processing .
Regulatory Environment Relating to Purchase of Land:
The purchase of land in the state of Karnataka is mainly governed by 2 key regulations, namely :
• Karnataka Land Reforms Act, 1961; and
• KarnatakaTown and Country Planning Act, 1961.
A broad overview of the above mentioned legislations vis-à-vis development of housing /
commercial projects is outlined below.
Karnataka Land Reforms Act, 1961 (“KLRA”)
The ownership and holding of land for agricultural purposes within the state of Karnataka is regulated by the KLRA. The KLRA also contains detailed provisions governing tenancies on such land.Under the provisions of KLRA, no person other than a person cultivating the land personally shall be entitled to hold agricultural land . Further, holding of agricultural land by companies, etc is allowable only if the same has been specifically approved under the provisions of KLRA . Further, under KLRA, a person having an assured annual income of INR 2,00,000 or more from sources other than agricultural land, shall not be entitled to acquire further agricultural land .
Under KLRA, ceiling on land holdings are prescribed depending upon the classification of the land
as irrigated, semi-irrigated, dry, etc. The KLRA restricts the maximum extent of agricultural land that could be owned or possessed by any person to 54 acres. The extent of restriction of land holding reduces depending on the fertility of the land, for eg, for Grade-A irrigated lands, the ceiling would be 13 acres .
The KLRA exempts certain lands and certain persons from the applicability of some of the provisions of the Act. For eg, plantation lands are exempted from the applicability of inter-alia, provisions governing land ceilings, and consequently companies can own plantation lands in the 13 state of Karnataka, without any ceiling .
In addition to the restrictions prescribed under the KLRA, certain specific regulations, such as the
Jamma Tenure Land Holdings in the district of Coorg, are applicable to certain parts of the state, which places restrictions on the ability to buy or sell land in such parts.
The Karnataka Town and Country Planning Act, 1961 (“KTCPA”)
The KTCPA regulates the planned growth of land use and provides for the development and execution of town planning schemes in the state. Under the KTCPA, the state government is empowered to notify an area as a local planning area and also appoint a planning authority for such an area. For eg, the Bangalore Metropolitan Region Development Authority (“BMRDA”) is the planning authority for the Bangalore Metropolitan Region (“BMR”), comprising Bangalore urban district, Bangalore rural district and Malur taluk of Kolar district. Similarly, the Bangalore International Airport Area Planning Authority (“BIAAPA”) is the planning authority for the area of the proposed new airport at Devanahalli, Bangalore and its environs.
The planning authority for each area is required to prepare a Comprehensive Development Plan
(“CDP”) or an Outline Development Plan (“ODP”) indicating the manner in which the development and improvement of the entire planning area is to be carried out and regulated . The CDP/ ODP provide zoning of land use for residential, commercial, industrial, agricultural, recreational, educational and other purposes. The CDP or ODP also provides for the reservation of certain type of land for the purposes of the central and state governments, planning authority or public utility undertakings and also for the designation of certain areas as areas of special control, which are subject to certain regulations on building line, height of the building, FAR, architectural features, etc .
Every land use, change in land use and development in the area covered by the CDP or ODP, would
need to be in accordance with the provisions of the KTCPA and the CDP or ODP. These developments can be carried out only with a written permission of the planning authority, which is contained in a commencement certificate issued in the form prescribed under the KTCPA.
Processes for Obtaining Approval for Conversion of Land in Karnataka
Procedure for conversion of land from agricultural to commercial purposes :
Land conversion in the state of Karnataka is governed by the provisions of the Karnataka Land Revenue Act, 1964 (“LRA”). Under the provisions of the LRA, any person who wishes to divert agricultural land for any other purpose is required to make an application through the tahsildar to the jurisdictional deputy commissioner, or such authority to whom powers in this regard may be delegated.
All areas within the jurisdiction of a planning authority will be subject to zoning regulations pertaining to usage of land for residential, commercial and industrial purposes. The deputy commissioner would consider the application from the perspective whether the diversion is likely in accordance with law and in the interest of general public.
The standard conditions for the approval of conversion of agricultural land for residential commercial purposes inter alia require that the construction on converted land be carried out according to the plan sanctioned by the appropriate authorities that the land should be used only for the purpose for which it is converted; the specifications with regard to boundary margins should be complied with; the applications for electricity and water supply should be made to the relevant authorities in the prescribed application or form; and if any construction on the land is carried out for any purpose other than for which conversion has been sanctioned, the relevant authority has the power to demolish the structure without notice to the owners.
The process of granting or rejecting conversion is required to be completed within 45 days of receipt of the application. If the appropriate authority requires any further information in respect of the property, the applicant will be intimated within a week of receipt of the application. If conversion is to be granted, then the applicant has to be issued a notice to pay the ‘conversion fine’ (fee payable on conversion of land) within 15 days of the notice. After the payment of the conversion fine, the deputy commissioner or such other designated authority will issue the conversion order in the prescribed form.
The LRA also states that in the case where the deputy commissioner fails to inform the applicant of
the decision on the application for conversion within a period of 4 months from the date of receipt of the application, the permission applied for shall be deemed to have been granted.Granting of permission for conversion of agricultural land to non-agricultural land does not automatically entitle the occupant to utilise the land for non-agricultural purposes without obtaining sanctions or permissions from local authorities such as municipal corporations, town panchayat and pollution control board, etc. The occupant should apply to the local authoritiessubsequent to the conversion order and obtain all requisite approvals including plan sanctions, pollution clearances, etc, before commencing any construction activities on the land.
Procedure for Conversion of land from non-commercial use to commercial use:
Under the KTCPA, the planning authority would prepare the ODP and after receiving comments or objections from the public, the government of Karnataka would finalise the development plan . The finalised development plan is termed as the CDP. The KTCPA permits the planning authority to allow the change of land use with the prior approval of the state government .
If the planning authority fails to communicate its decision of granting or rejecting the application for change of land use within a period of 3 months from the date of application, permission for change of land use shall be deemed to have been granted, provided the proposed land use is in accordance with the CDP.
The documents to be submitted for any change in land use should include the plan of the land in respect of which the permission is requested, title documents, katha certificate, tax paid receipt and sanction plan of construction, if any, and all other forms and documents for change in land use as prescribed by the planning authority concerned .
Statutory Fees and Other Costs involved in Obtaining Approval for Conversion:
The requisite fee payable for land conversion is termed as a 'conversion fine', and its quantum is laid
down by the Karnataka Land Revenue Rules, 1966. The following are the details of conversion fees payable
Development of Commercial/ Residential Projects in Karnataka:
The CDP presently in force for the city of Bangalore and notified by the Bangalore Development Authority (“BDA”) has classified land use into the following zones :
• Residential;
• Commercial (retail and whole sale business);
• Industrial (light industries, medium industries and heavy industries);
• Public and semi public;
• Utilities and services;
• Parks and open spaces and playgrounds (including public recreational area);
• Transportation and communication; and
• Agricultural land, water sheet, etc (green belt ).
Permission to undertake development of property is granted by the jurisdictional planning authority (for eg, the BDA, in reference to the city of Bangalore), after taking into account compliance with the following:
• The minimum set-back/ open spaces required on all the sides of a building, depending on the
• use and the proposed height of the building;
• The maximum FAR, depending on the use and the intensity of development in the area;
• The maximum height of the building and the maximum number of floors in the building,
• depending upon the location; and
• Parking requirements based on the building use.
With regard to development in residential use zone, it has been specified that buildings or premises shall be permitted only for residential use such as dwellings, hostels, dharamsalas, places of public worship and schools offering general education course up to secondary education. Public libraries,post and telegraph offices, Karnataka Power Transmission Corporation Limited (“KPTCL”) counters, Bangalore Water Supply and Sewerage Board (“BWSSB”) counters, clubs, milk booths and neighborhood or convenience shops, doctors' clinics or consulting offices of advocates and other professionals would be allowed in the residential zone in public interest, provided the floor area occupied by such places does not exceed 20 sq mts.
With regard to development in commercial use (retail) zone, it has been specified that offices, residential buildings, shops and service establishments requiring power up to 10HP in major business areas and up to 5HP in neighborhood shops, nursing homes and residential buildings is permitted. With respect to commercial use (wholesale business) zone, all the establishments permitted in the case of business zone would be permitted with power requirements up to 20HP (except residential buildings).
The following approvals would need to be additionally obtained:
The Karnataka Apartment Ownership Act, 1972 (“KAOA”) primarily provides for the ownership of an individual apartment in a building and to make such apartment heritable and transferable property . It also regulates the usage of the common areas and facilities in the building by each apartment owner and entitles each apartment owner to an undivided interest in such areas facilities .
Typically, in respect of the usage of common areas/ facilities, the owners of apartments form an
association and have the same registered under the Karnataka Societies Registration Act. The registered association has its own bye-laws to control and regulate the usage of the lands and property.
Relevant Policies:
SEZ Policy:
In order to facilitate the development of SEZs in Karnataka, the state government has put in place a
single window clearance mechanism. Projects with investments between INR 3 to 50 crores will be cleared by the State Level Single Window Clearance Committee (“SLSWCC”), chaired by the principal secretary, Department of Commerce and Industries, Government of Karnataka. If the investment is above INR 50 crores, it will be cleared by the State High Level Clearance Committee (“SHLCC”), chaired by the Chief Minister, Government of Karnataka. The applications to both, SLSWCC and SHLCC are required to be submitted through the Karnataka Udyog Mitra.
Industrial Policy 2006-11 (“Industrial Policy”):
The newly introduced policy seeks to strengthen the manufacturing industry in the state, increase Karnataka’s share in the national exports, create additional employment and provide for a diversified industrial base with strength in both old economy and new economy fields. Some of the key strategies adopted in the policy to promote the above objectives include:
• Encouragement of specialised industrial infrastructure for specific sectors and SEZs, through both the Karnataka Industrial Area Development Board (“KIADB”) as well as private sector promoters;
• The establishment of multi-product and product specific SEZs will be encouraged in all districts of the state except Bangalore Urban District (except if the proponent of SEZ comes forward to do so in his/ her own land or through a joint development agreement with land owners);
• Local amendments to the SEZ Act, 2005 and Rules, 2006 (Central Act) will be effected, providing for state level facilitation and incentives, labour law rationalisation, etc;
• Incentives and concessions for various categories of industries and locations; and Focused attention on sub-sectors/ areas where the state has core competency, ie aerospace, engineering, automobiles, pharmaceuticals, food processing, apparel and textiles, electronics, information technology, bio-technology
IT Policy:
• Karnataka was the first state to announce IT Policy in the year 1997. The state has recently introduced Mahithi, the Millennium IT Policy. Under this policy, various fiscal incentives are offered to IT industries. Zonal restrictions would not apply to IT companies that use power up to 5 KVA and hence, such companies can be established in residential, industrial or commercial areas.
• The procedure for seeking environment pollution clearances is simplified for software companies
that use captive Diesel Generator (“DG”) sets. The government has relaxed the FAR for all IT projects set up outside the limits of the municipal corporations in the state.
• A rebate of 15% on cost of land will be applicable to those companies that get land from the state agencies like Karnataka State Small Industries Development Corporation (“KSSIDC”), Karnataka
• Industrial Areas Development Board (“KIADB”) and Karnataka State Electronics Development Corporation Limited (“KEONICS”). For other companies, rebate of 15% on stamp duty is applicable. This rebate on stamp duty is also applicable to the existing IT companies expanding or modernising as well as creating additional employment.
Karnataka Tourism Policy 2002-2007:
The Government of Karnataka, in order to encourage private sector participation in the promotion of tourism and tourism-related activities, provides various concessions and incentives under the tourism policy. To obtain various incentives laid down in the policy, the projects have to be approved by the Department of Tourism, Government of Karnataka, on or after June 1, 2002 and on or before
May 31, 2007.
Commercial establishments open to public in Karnataka, and providing facilities/ services to tourists, such as hotels, tourist resorts, wayside facilities, amusement parks, houseboats, adventure/ recreation activity centre, heritage hotels, tourist village, dormitory etc, are eligible to seek approval for incentives from the Department of Tourism, Government of Karnataka.
Submitted by:
Divya Gnanasekaran
Tuesday, October 5, 2010
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
Real Estate Management –Assignment
Assignment-by P.Purnachandar.
REAL ESTATE FIRMS IN INDIA:
Introduction:
For the real estate developers in India, the real estate consultancy services help in the proper directional guidance for development of Industrial, commercial or residential projects.
Indian Real estate consultants guide you about the available properties in various parts of the country and the subsequent property taxes of various areas and the property registeration in india. The real estate consultancy services offered include: Property Sales,Rental & Lease Services,Buyer/ Tenant Representation,Project Marketing & Disposition, Acquisition Services,Logistics,Custom Transaction Services,Advisory Services for Real Estate Planning and Growth
DIFFERENT REALESTATE FIRMS IN INDIA:
Knight frank ,INDIA.
Century 21 india
Naink Realtors.
Hanu reddy realty.
KNIGHT FRANK,INDIA.
In India and around the world they are widely regarded as the market leader for high quality commercial and residential property.They are the world’s largest privately owned global property agency and consultancy.
Professional services:
Research:Publish regular market updates and specialized research reports on various topics:
Real estate overview,Sector specific market reports,Economy and Realty trackers,Special reports.
Consultancy services: Highest and Best Use Study,Feasibility Study,Investment Strategy,Pre-bid Consulting and Due Diligence,Customised Data Subscription Services,Brand Entry and Expansion Strategy,Detailed Project Report (DPR), Asset Management Advice, Revalidation Study,Vendor Selection and Bid Management Services
Sector experience:
Residential:Townships, mix-use developments, holiday/second home market, slum re-development schemes, affordable housing.
Commercial:Office complexes, IT parks, industrial parks
Retail:Malls, multiplexes, family entertainment centers, high street developments, speciality malls.
Hospitality & tourism:Hotels, spa, resorts, service apartments
SEZ :Multi-product, IT/ITeS,gems and jewellery, entertainment, pharmacy, textile
Infrastructure:Redevelopments on ring road, highways, airports, MRTS (mass rapid transit system), railways
Logistics:Warehousing, distribution centers
Healthcare:Hospitals, speciality hospitals, medical tourism.
Valuation services :
Assets for acquisition and disposal,Financial reporting & public listing,Corporate restructuring,Partnership and Joint Venture,Mortgage & capital raising,Insurance replacement / reinstatement,Lease negotiations,Litigation support
Property management services:
Facilities Management services:
Estate Management : Cleaning Services,Liaison on Fire, Safety & Health,Construction Project Transition, Handover & DLP Management, Waste Disposal Management, Pest Management & Control Services, Procurement of FM Services, Helpdesk,Landscaping & Horticulture Management,Plumbing & Drainage Services, AV Support & Meeting Room Support,Landlord Liaison,Churn Management,Adds, Moves & Changes,Building Repairs & Maintenance,Statutory Compliance ,Building User Guide – Preparation & Updation,Liaison with Internal Customer Groups,Liaison with External Agencies,Routine Inspections & Performance Appraisals,Floor Plan Updates,Space Planning,Indoor Air Quality Checks,Water Quality Checks,Water Management,Club House & Swimming Pool Management,Stores & Inventory Management,Vendor Management,Security Management,Parking Management,Event Management,Business Continuity Planning.
Engineering Management :Operation & Maintenance of Electro Mechanical Equipment,AMC Management, Reactive Maintenance,Planned Maintenance Program,Procurement of Engineering Services, Energy Management,Incident Reporting ,Maintenance of as-built Drawings,Technical Advice and Assistance,Quality Assurance on,Maintenance Activities,Statutory Compliance,Risk Assessments,Emergency Call-outs,Management Reporting,
Office Support Services Management :Front Office & Reception Management,Telephone Operation,Travel Desk,Transport & Fleet Management,Concierge Services,Mail Room Management,Office Equipments Operation & Management,Courier Services ,Catering & Food Services,Pantry Services,Stationery Procurement & Management,Warehouse Administration,Artwork Administration,Statutory Compliances,Facility Bill Payment,Record Management.
Finance & Asset Management:Annual Budgeting & Monthly Variances:
Capitalisation & Expense Control,General Ledger, Reconciliation System, Resiliency Planning , Insurance Administration,Fixed Asset Coding & Register Administration, MIS Reporting
Project management services:
Execution of the project in the quickest possible time, with due diligence to safety.
Delivery at the most competitive cost.
Consistently maintaining high levels of quality.
Services :
· Construction Management,Fit-out Management, Audit Service.
Pre-Execution Phase:Develop Project Charter,Develop Comprehensive Project Management Plan, Change Control Management ,Define detailed scope of work for Project Execution,Design Development Strategy.
Execution Phase:Manage Project Execution,Perform Quality Assurance, Supervision and Random Quality Check,Construction Management,Value engineering, Material Procurement Management,Cash Flow Management ,variance Report Analysis,Contract Administration,Document Management,Quality Management,Risk Management,Environment & Safety Management
Post- Execution Phase:Administrative Closure of the Project,Contract Closure,Final Product, Service or Results,Formal Acceptance Documents ,project Files,Project Closure Documents,historical Information,
Audit Services :Design Audit,Quality Audit,Safety Audit ,Cost Audit,Risk Management.
CENTURY 21 INDIA:
One of the world's largest and the most trusted real estate sales & brokerage organization. The organization has over three decades of professional experience. CENTURY 21 India is designated as the master franchise for PAN India.
SERVICES:
Asset services:
The Asset Services group assists a wide spectrum of owners/occupiers through the management of a diverse set of real estate assets such as Corporate Offices, Information Technology Parks, Retail Malls, Call Centers, Banks, Financial Institutions, Residential Complexes etc.
Property & Facilities Management Service range from:
| | General Estate / Office Administration,Laison & Client representation,Occupant management,Vendor management,Finance management,Lease Administration,Transition management,Building audit,Benchmarking,Energy management,Preventative & Predictive Maintainance, | |
Task level services management: | ||
Brokerage services:Office Leasing,Retail Leasing,Land & Industrial Space Acquisitions,Investment Services – Acquisitions and Dispositions,Residential Services,Project Marketing, Global corporate service: Transaction Management: Outsourcing or Out-Tasking of the management of occupational transactions. Project Management : Property project change management. Portfolio Management/ Lease Administration Services: Property portfolio data management and strategies. Global Client Strategies/Consulting: Advice on optimising the value of property assets on the balance sheet and consultancy advice on aligning real estate strategy to corporate business strategy to release value from property portfolios. Energy and Sustainability: Strategic approach to align property strategy to best practice energy efficiency and environment. INVESTMENT AND STRUCTURAL FINANCE: The Investments team brings in a combination of in-depth market knowledge, real estate industry experience and financial structuring skills to offer a range of specialized real estate investment banking services. Equity and Debt Placement: In income-generating real estate assets that are transacted on a yield basis, including securitization and sale & leasebacks Disposal/ Privatization Exercises: includes representation of both buyers and sellers in the strategic sale of private/ state owned real estate/ enterprises Project management:Project Management,construction Management,Owners Representation,Lead Consultancy for Project Management and Design Services STRATEGIC CONSULTING GROUP: Business Plan Formulation & Feasibility Studies: For development and infrastructure projects including Special Economic Zones, Integrated Residential Townships, Hotels, Retail Malls, IT Parks, Airports, Logistics amongst several other vertical segments. Investment Related Due-Diligence Exercises: Including market assessment, financial modeling, valuation and structuring of investment options . Location/Entry Strategies: With regard to city selection and business expansion plans for both new entrants into the country and for existing Indian conglomerates looking to consolidate their real estate/business portfolio. Market Research Exercises: To track real estate markets and sectors on an ongoing basis and preparation of research reports and market monitors. VALUATION AND ADVISORY SERVICES: Private Sector: Appraisal and valuation of properties for, transaction/mortgage/insurance purposes, acquisitions, disposal, investments, portfolio monitoring, debt/equity funding, securitization, mergers/take-overs, statutory requirements Government Sector: Valuations for land acquisition, project financing, disposal, joint venture structuring, optimal utilization, asset maximization etc. Asset Types: The group undertakes valuations for a varied segment of real estate products ranging from raw land to projects in various stages of development. The asset types for which valuation services are provided include: Vacant land parcels,Land and built-up premises zoned for residential, commercial, hospitality, retail & entertainment,Development projects such as industrial estates, residential townships, integrated townships, IT/science/ biotech parks, apparel parks, special economic zones, etc.,Portfolio Valuations,Special-use products such as golf resorts, health spas, etc., NAINK REALTORS: NK Realtors, the Kolkata based real estate company, saw its genesis in 1987. Progressive and dynamic, it is one of the largest vertically integrated real estate services in India SERVICES: Land consultancy: This is a conglomeration of services offered to developers and buyers. Location survey, feasibility study,offering and executing the deal are basic services, in addition to legal consultation and assessing properties. accurately.
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