The development of real estate in India is estimated to be around US$ 15 billion and it is growing at a rate of 30 per cent every year. Almost 90 per cent of real estate developed is residential space and the rest include office, hotels shopping malls and hospitals. This kind of double-digit growth is primarily attributed to the off-shoring and outsourcing businesses, such as high-end technology consultation, call centers and programming houses which in 2004 are estimated to have accounted for 12 million square feet of real estate development.The demand from the information technology sector certainly has changed the urban landscape in India. According to estimation in India, there is a demand for nearly 70 million square feet of IT & ITES space over the next four and five years. Several multinational companies continue to move their organizational operations to India to take advantage of lower manpower and other costs. Providing human resources and home at their work place assume great significance and therefore the requirement to create space for people to live and work that in turn cause the development of other related infrastructure. It has been a predominant trend to set up the world’s best business centers, often campus-style establishments, bearing a distinguishing corporate stamp. Some of these locations are so distinctive that they are termed as the “temples of new or modern India”. It is just an indication of the extent that the development of real estate taking place.Another case in point is Gurgaon, one of the national capital regions of India, which has seen a fundamental change in not just its skyline but also in its fundamental urban demographics. Gurgaon, a few years ago, was described as just a small town built on a cow pasture. But in the past seven and eight years, it has witnessed 20 malls with many more under construction and has a skyline of shining new office buildings and call centers. Gurgaon is considered a shopper’s paradise and the malls are similar versions of their US counterparts: five story big bazaars which house almost every international brand like McDonalds, Levis, Nokia, Nike and Tommy Hilfiger along with multiplex cinemas, escalators and large parking lots. The arrival of call center industry, information technology houses and other such BPOs in India has led to an inflow of more than 900,000 new jobs. Outsourcing business has changed the real face of commercial real estate in India, but its greater impact has been the demographic shift characterized by rising disposable incomes and increased consumerism.The real estate market in India remains unorganized, fairly fragmented, mostly characterized by small players with a local presence. Traditionally, real estate developers were viewed with an element of skeptical attitude. Developers were often identified with dealing with large amounts of unaccounted money, lacking transparency and would use unscrupulous means to acquire a variety of regulatory approvals.
Istanbul since its very first beginnings has always been a strategic point of interest politically and economically. Sitting at the edge of Europe and Asia, the city ‘connects’ the two continents with one half, that is also the older half of the city existing on the eastern edge, side-by-side with the western half of the city that is a modern version of the metropolis and has been witnessing expansion at least since the late half of the 20th century. Today, this edge includes one of the best examples of modern architecture like the Levant that comprises of tall skyscrapers and five star hotels that remain mostly out of bound for regular tourists.On the other side of the metropolis, the eastern edge includes some of the prime monuments that the city takes pride in and showcases to the world. Sites like the Hagia Sophia are now world heritage sites that witness thousands of tourists from around the world visiting the Hippodrome of Constantinople, the TaksimMaidan, Bayezid Mosque among many other landmarks almost dating back to the Roman era. Considering these points, Istanbul due to various economic and cultural reforms it took during the formation of modern Turkey after the need of the first world war, earned its name as one of the best destinations to live and work in. As the Turkish economy grew, its demands for investments and businesses from outside Eurasia became more prominent and large companies from western Europe and USA started opening its head offices here. The Levant district, that was planned out in 1947 as part of Istanbul’s movement to include business sectors for the metropolis soon became a vast neighborhood of tall skyscrapers and residential apartments. It is now the primary economic hub of Istanbul.The remaining portion of Istanbul’s real estate is also consolidated in around the Airport. Construction projects of Istanbul like Q-ROSE, Q-MIX, Q-AIRPORT are located at districts adjoining Airport or near it. Sefakoy, where the AIRPORT project is being constructed, houses some of the best residential apartments in Istanbul, all for a reasonable price of just $124 for one-bedroom flat. If preferences include a 3-bedroom flat, a price of $200 is the minimum cost. Or you can move on to districts like the Beylikduzu, one of the busiest districts of Istanbul regarding real estate projects. This district comprises of medium to large commercial centers that are accompanying projects like Q-NATURE, Q-SEALIFE and Q-DREAM among many others that will cater to any residential requirements for visitors, rent seekers and simply for buyers. Istanbul’s construction projects never got better!
Real estate is arguably the most profitable and safest investment strategy to use and there are plenty of people around the world who have become independently wealthy because of real estate investing and this is because everybody needs a roof over their head. In Australia particularly there are more people coming into the country than the amount of residential construction approvals. Do your math, it stands to reason that property prices are going up regardless of what the economists say, sure there will always be downturns in the market but you can ride these if your property investment advice was sound in the first place.Obviously you will need good property investment advice such as the best place to invest and the amount of money you can afford to borrow and how to utilise property investment tax.There are many forms of residential property investment strategies out there such as flipping and wholesale real estate investing that you could adopt but just remember your level of outlay and risk. You need to get your sums exactly right when outlaying costs for renovations etc. Know also how much it will cost you to hold the property, in other words how good your cash flow will be needs to be considered but there are ways to be a successful real estate investor and profit from those investments regardless of a down-turn in the economy.The recommendation is to use someone else’s money such as:
The most obvious, borrowing from a bank
Use equity in your own home as leverage.
Get permission to use other people’s equity to obtain a deposit bond.
Swap tax for property.
Set up a trust and use your superannuation fund.
Use your own money to automatically pay extra onto your home mortgage as this is not being tax leveraged and ALSO pay by fortnightly installments this will shave years and thousands of dollars off your loan.My advice is to keep your job, insure and plan against any adversity, get to know how to budget, keep your head and do not panic.Should you have any concerns do what all good real estate investors do, go back to the experts and get reassurance and reassess your situation and find out if the market is really as bad as the newspapers are telling you. In fact throw the newspapers out the window. Do not read them, their figures are outdated and fuelled by sensationalism. Keep focused on your real estate investing strategy and as soon as possible add to your portfolio. Investing in rental properties is building on to your long term wealth.I realize there is a lot of advice out there about buying houses, doing them up to sell quickly or rent and other such strategies but keep in mind the following:
Doing up houses means outlaying money that you are putting at-risk.
Houses attract families and children meaning lots of maintenance costs.
Old and new units near universities, means young heavy handed adults meaning lots of maintenance costs.
Old units and old houses do not attract good government tax incentives, remember swap tax for property?
New units in trendy areas on the other hand, near entertainment, good restaurants, shopping malls and railway stations and in big cities are always a goer. This is where people are knocking on the doors to rent, don’t leave yourself open to vacant houses, you want new modern units with all the modern conveniences, expensive? Remember don’t focus on the cost of the unit; focus on your cash flow that is what really matters.Go ahead and use this free property investment advice and set yourself up for the future, retire early. But remember to always seek financial advice before stepping out in any investing venture.Happy investing!For free market updates, property investment ezine and interesting relevant information on residential property investment go direct to Australian property investment to register and be eligible for an exciting opportunity to join upcoming webinar on how successful investing can be accomplished step by step including an overview of exciting new frontier, plus extra surprise bonus from Mentor Elly Graham.