Increase in NRI Real Estate Investment

An estimated 25 million overseas NRIs living in 130 countries are nowadays remitting billions of dollars back home. Net inflows from NRIs have witnessed over twenty-fold rise to $4 billion in the fiscal 2009. A portion of this goes into real estate ever since liberalization of rules by the government on NRI/PIO investments in real estate.

It is not only the easing of investment norms but the tax advantages that accrue to an investor that is driving more investments towards real estate back home. Moreover, among the five million NRIs living in

West Asia are many keen to invest in real estate here as expatriate investments in countries like Dubai took a fall recently. Similarly, not all NRIs can afford to invest in overseas properties due to very high costs, and the high cost of managing them.

Property shows held at periodical intervals in select countries do provide an opportunity for NRIs to directly interact with the developers. A number of overseas representative offices set up by banks enable NRIs to seek home loans for investments in real estate in India. Even select foreign banks in the private sector provide home and mortgage loans to NRIs .The rules governing NRI investments are the

Foreign Exchange Management Act (FEMA). The prohibited areas for investments continue to be agricultural land, plantation property or a farmhouse.

There are no restrictions on the number of residential /commercial properties purchased in India but repatriation is restricted to two residential units after a lockin period of three years. Rental income is repatriable. Thus, a number of NRIs have shown interest in leased properties across the country. Similarly, NRIs may transfer by way of gift, residential /commercial property in India to a person resident in India or to an NRI/PIO. Proceeds of residential /commercial property received by way of gift should be credited to a NRO account only. As regards repatriation, an amount not exceeding $1 million per calendar year is allowed subject to production of documentary evidence in support of inheritance and tax clearance certificate/no objection certificate from the income tax authority to authorized dealer for remittances.

The CBDT has recently notified that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs 50,000 will become taxable in the hands of the donee, being an individual or a HUF, as income from other sources.

Big Home Buying Regaining Demand

Two and three bedroom homes, which commanded high popularity among home buyers from Pune in pre-meltdown times, have made a comeback. The last three months have demonstrated that the aspirational buyer is returning to the residential market again to check out developers’ sites in search of good deals, a report by real estate research and advisory firm (JLLM).

A major shift was seen from the large size homes in the 1200-1600 sq ft area bracket to one bedroom and studio units in the “affordable” category. The general buyer preference has once again evolved to 2-3 BHK flats, the most popular price tags falling within the range of Rs 25 to 35 lakh.

According to the report, projects that were put on indefinite hold during the financial crunch are now seeing the light of day, with construction once again on a war footing across the city. Projects that are due to be launched within the next six months are being advertised heavily. For projects to be launched within the festive season, developers are not offering freebies and esoteric incentives, but are focusing on price discounts for limited periods.

“The slowdown has brought about residential space affordability and availability in areas that were previously out of reach for middle-income buyers. Due to reduction in pricing, residential property buyers now have a choice of attractive deals in preferred areas,”

Lalit Kumar Jain, vice-president of Confederation of Real Estate Associations of India (Credai) said. “The feeling of uncertainty in buyers’ minds is reducing and stability is returning. We see demand picking up for property in the Rs 30 lakh -Rs 1 crore price bracket. Vice-president of Credai Pune, Rohit Gera, said there are other factors responsible for the renewed interest in property buying, apart from conversion of pent-up demand. “The increased feeling of job/income stability and the realization that the prices have finally bottomed out are driving the buyers,”

Is buying real estate a profitable idea?

Improvement in the overall economic sentiment coupled with liquidity due to a recent upswing in the equity markets have renewed consumer confidence in real estate. “Residential real estate in particular has always been a safe investment option. Developer Vijay Wadhwa advises parents to opt for real estate as long-term planning for their child's future. “Especially for parents of the girl child,” he says. “Real estate is probably the best long term investment one can make. It remains in your child's name, and the appreciation in value over the

years makes it a safe and secure option. Or even while planning for your old age, real estate is always an asset,” he adds.

Looking at the present market scenario, the market sentiments are improving, and real estate is among the biggest beneficiaries. “After witnessing slow movement over the past few months, Mumbai is seeing an increase in demand in the residential sector.

Additionally, increasing focus on affordable housing for low and middle income groups has resulted in the launch of several low cost projects, most of which are concentrated in the peripheries of Mumbai. This has also opened up new investment options for those who did not have bigger investment units or major amounts that could be invested,” he adds. “Softening of home loan interest rates and correction in capital values by some developers has resulted in the anticipation of increased demand during the festive season,” says Narpat Mehta, director, Kanakia Group. “We are expecting an increase in demand from both end users as well as investors,” he says.

For many, real estate investment is an essential part of a well-rounded portfolio,” says chartered accountant, Tarun Ghia. “For those who want to be in real estate but in 'paper' form, real estate offers several opportunities: REITs (Real Estate Investment Trusts), options, property oriented mutual funds, and other mortgage backed securities,” he adds. Historically, buying and selling real property, or even long-term owning, has proven to be one of the most profitable, least risky investments available adds Malik. “But keep in mind, the operative term is: 'least risky'. That doesn't mean 'zero risk' - there's no such thing in investing. Prices can always go up or down, relative to other goods and investment channels. So, get educated about the market and the law. Make purchases while minimizing costs like fees, repair charges, interest rates, etc.

Have sufficient cash and other liquid assets to be able to hold until the time to sell is right. Follow these guidelines and you'll never have any reason to regret making real estate investing a major portion of your portfolio.

Why appoint a professional Property Management Team?

When you buy property for investment you need to ensure that not only will the property gain in value, but also that it will return you the highest net yield possible with a regular and predictable cash flow.

You need to know that the monthly income will be EFT (Electronically funds transferred) into your account every month on a set date, you need to know that you will be provided with comprehensive financial statements every month and at the end of the tax year.

As your professional manager we will ensure that you get the best tenant, the highest rent, have the most cost effective maintenance and also the best security for you asset – all with minimal inputs from you. Property Management has become a specialized field with vast legal implications, so it is also now important, more than ever before, to have your property managed by a professional management team. As the owner of a property it is your legal responsibility to comply with the various acts of parliament and local statutes.

By employing our Property Management team you can rest assured that you and your property will comply with all Regulations and Acts and that we will ensure you are protected in the best possible way at all times. We pride ourselves on having Specialized Managers that can provide state of the art solutions with market leading results for our clients.

We offer you thoroughly informed and trained staff in all aspects of the business to provide peace of mind to you as the owner. Our personnel have a wealth of experience and knowledge within the field of Letting & Property Management. It is our aim to ensure that your property ownership is as easy as managing a share portfolio in that you need almost no input and it is just as easy for you if you are in London or New York, or indeed across town.

Making a Smart Property Deal!

Is it a good time to buy or sell in the real estate market right now? Chances are that as a prospective buyer or a property owner, you may be facing a serious dilemma. Industry players feel that while it may be a good decision to buy in certain locations, a sell off needs to be given a few more months till the market picks up completely. So which are the best places to buy in right now? According to global real estate consultancy Cushman & Wakefield (C&W), in Delhi NCR, it is Noida, Greater Noida Expressway and areas in Gurgaon along the Golf Course Extension Road. In Mumbai, central Mumbai and western suburbs such as Bandra, Kalina and JVLR are good bets. New emerging destinations in Bangalore such as Sarjapur Road, North and central Bangalore, apart from a few projects within the city can be considered.

C&W, says that this is a good time to buy a property for self use as prices have corrected considerably over their peak in 2007-08. “Buyers at this time can take advantage of lucrative interest rates on home loans. However, for investors entering the market, this time should be evaluated keeping the various arbitrage options that they can take advantage of in the current scenario. As far as selling is concerned, this is not a sellers market. The decision should be taken when the owner is confident of achieving the expected appreciation of the capital value of that property.”

Would you give your keys to a stranger ?

Every day hundreds of people around the globe decide to give the keys of their property to the professional Property Investment Managers at L.J. Hooker. Why ? Because at L.J. Hooker we’re property management professionals who will ensure your property is rented for the highest price and on the best lease terms and after possession we will handle all aspects of the process for you—rent collection, property inspections, maintenance, bill and tax payment .

Don’t risk your most valuable assets with amateurs, mail us now at pm@ljh.in for a free appraisal of your investment property.

(more on www.ljhooker.in)

Why Invest in India ?

The Indian economy and the real estate sector in particular are high on its ride to prosperity. As India’s economic growth curve rises, real estate India has emerged as one of the most appealing investment areas for domestic as well as foreign investors. Indian real estate has huge potential demand in almost every sector, commercial, residential, retail, industrial, hospitality, healthcare etc.
Investment scenario has certainly undergone a paradigm shift in India.

Key Facts

Selling and buying Indian property is now considered as the most profitable and attractive business opportunity in the present real estate scenario. New demands have added to strength of real estate markets across the commercial, residential and retail sectors in India.
Not surprisingly, demand for Indian property has been increasing steadily for the past few years and it has exceeded supply.There has also been an upward swing on the real estate price values in the recent years. Due to the huge demand and rising prices, investment and speculative interest in real estate is growing while excess money supply, stock market gains and policy changes are adding to the trend in favour of the real estate sector.
India has a distinct regulatory and financing management in place.
Real estate boom in India is supported by its own flourishing economy on a sustainable basis. Here, growth of the property market is not a result of renovation and overhauling; but rapid development that witness for India riding the high growth wave.

Factors Favouring Investments

Tremendous growth has been taking place in both residential as well as commercial segments that is attracting huge investments phenomenal price escalation (more than 100% in several places) in last couple of years.
Lower interest rates, easy availability of housing finance, burgeoning income and better job prospects, increase of nuclear families have given a boost to the demand for residential properties in India.
In the present day scenario, if there is any powerful investment tool that brings burgeoning financial returns, it is INDIAN REAL ESTATE!!! Investors should consider the parameters minutely and meticulously to find out why investing in Indian real estate now is the best viable option.

Benefits of Professional Property Management

Utilizing a professional property management company is an investment in the long term financial security of your family.
The greatest asset you can build for your future financial security is a sound income producing property portfolio. By partnering with an expert team of property management professionals you ensure that you maximize your income whilst at the same time protecting and increasing the asset value of you portfolio.
At L J Hooker we take great pride in assisting our clients to build their portfolios over time to ensure they are taking full advantage of the market and maximize their opportunities.
All our management clients are also treated as a corporate VIP customer with L J Hooker. We ensure you are given pre market notification of all new stock being put to the market and get the full benefit of any incentives available.

In essence we ensure the following;

1. Maximize your return on investment by implementing world class marketing to attract the right tenant at market best rental. We also conduct ongoing in house research re rates to ensure you are always at the best cash return possible.
2. Minimize your personal time investment with market leading software and management systems. We aim to allow you to treat your property portfolio as a passive hands off’ investment.
3. Minimize your legal exposure by using industry best practice management.

Great interest rate deals on offer

State Bank of India (SBI) has launched two special home loan schemes that assure low interest rates in the first three years. SBI easy loan for amounts up to Rs 30 lakh and SBI Advantage Home Loan for amounts above Rs.30 lakh will carry the special rate of 8%, introduced in February. Under SBI easy, interest rate for the second and third years is fixed at 9%. From the fourth year onwards, the customer can choose between floating rates 2% below the State Bank Advance Rate (SBAR) and fixed rate 1% below SBAR with a five-year reset. SBAR is the bank benchmark rate to which all floating rate loans are pegged. Under SBI Advantage, the interest rate is fixed at 9.5% for the second and third years. From the fourth year onwards, the customer can choose between a floating rate 1% below State Bank Advance Rate and a fixed rate 0.5% below SBAR with in a five year reset.
Check out our comparison chart on the web site www.ljhproperty.com

Best time ever to buy property in India !

Rupee devalues by 25% against the USD & Property prices are back by around 25% on 2008 values…..
Add this to the fact that duty rates have been reduced and finance rates are at an all time low, and you have the best buying conditions for NRI’s that have ever been seen.
If a property was 1Cr in 2008, it had a holding cost of around Rs. 1lak per month….
If you bought the same property today it would have a holding cost of around Rs. 50,000 per month !!
That is an incredible difference in affordability, - 50%
Right now is the best time you will ever see to buy property in the Indian market. You have good selection with some excellent deals on offer and a simple path for buying, renting and managing the property.
India has massive underlying demand (some 20 million dwellings required right now) and with an increasing population, diminishing house sizes and growing affluence the demand will continue to increase.

A great example of current value - Tivoli a Whitefield, Bangalore’s IT hub, was Rs2600/sft now only Rs1875/sft….
Fantastic value !

(more info on www.ljhproperty.com/tivoli)

Indian Residential market to turn positive in 2010

Demand in the Indian Residential market is expected to turn positive in 2010 due to improvement in affordability, steady economic growth and greater liquidity, says a Crisil research report on the real estate sector. However, the decline in the currently overpriced capital values of all three real estate segments of residential, commercial and retail will persist through 2009. Commercial and retail markets will continue to see erosion of lease rentals in the next two years, it says.

The report is an analysis of over 400 areas across 88 micro-markets in Ahmadabad, Bangalore, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai-MMR, National Capital Region and Pune. Mr Sudhir Nair, Head, Crisil Research, said: “Accelerated growth of Indian economy, recovery of global economy, improved liquidity and expected fall in interest rates are key factors that will signal demand revival in the residential segment. This segment is likely to see a much faster revival due to a strong underlying demand for housing and supply coming at attractive price points.”

The report says capital values for residential sector and lease rentals for commercial and retail properties had substantially corrected till March due to a slowdown in both the domestic and global economies, and also due to real estate becoming unaffordable.

However, Crisil Research believes that demand for houses will improve in 2010, backed by lower home loan interest rates as well as better job security owing to higher growth in the economy.

10 Reasons to buy property now!

The old adage “buy in gloom and sell in boom” has never been more appropriate to property buyers than now.
Property is the greatest long term investment any of us can make, and due to all sorts of short term issues the time has never been better for buyers…..

10 reasons why you should buy now;
1. Prices have come back some 25% or more from their 2008 peak, giving the best value seen in years.
2. Developers are keen to get their cash flows up so are willing to add a host of extra’s into the deal to make it even more attractive to you.
3. The RBI has dropped the prime rate making finance rates the best in years.
4. The Banks like the developers are keen to get your business and have some great offers available.
5. There is an abundance of property to choose from so you can get the ‘right’ property for you.
6. The transport initiatives like the metro are making many previous fringe areas a great bet - and at very good prices.
7. Many developers in partnership with the banks will absorb your pre EMI.
8. The Government has just given a 20% cut in transfer duty fees.
9. Prices of many household fixtures have come down due to the retail slump and you can get some great deals.
10. The market is certain to rebound and if you buy now you will get the full benefit of that escalation.
There really is no reason to hold back at present, everything is right for buyers to move forward with confidence in their purchase.

Huge response means Buyer Bid campaigns are here to stay!!

L J Hooker have just wrapped up India’s first Buyer Bid campaign and are already well into the second.
Say’s company MD Alexander Moore “The initial campaigns have been overwhelmingly successful and have delivered our clients huge response and most importantly a large number of sale agreements”
L J Hooker have confirmed that they will be launching a number of Buyer Bid campaigns both in Bangalore and Delhi over the coming weeks.
Both medium and large scale development companies appear to see the merit in a campaign that gets them quick clean results.
These companies have been struggling to get sales and cash flows over the last 6 months and have been looking at a variety of means to get some action.
Says Mr Moore “The market has been at an impasse for some months with basically a stalemate, the end result being almost no transactions. The reality has been though that buyers and sellers are really not that far apart and the Buyer Bid process allows everyone to quickly get on the same page and do business”
The campaign at IDEB Tivoli in Whitefield finished on Saturday with a flurry of buyers over the last couple of days and final sales exceeding expectations.
L J Hooker confirmed that there are now barley a dozen apartments remaining and given the residual interest they expect these to be sold out in the next week or two.
Why has this offer worked when so may others haven’t ?
According to L J Hooker it’s due to the fact that the campaign is simple and transparent allowing buyers to finalise their purchase with a minimum of fuss.
Whatever the reason it looks like we’ll be seeing plenty more buyer bid campaigns.

Huge public response to ‘Buyer Bid’ campaign !!

Giving buyers the opportunity to bid for property on their terms has turned out to be a winning formula for L J Hooker and their client IDEB.
The last remaining stock (some 49 apartments and villas) at IDEB Tivoli in Whitefield has been put to the market in this unique sales campaign that lets the buyers make their bid on what price they are prepared to pay – the high bid in at the end of the program (25th April) will buy the property.
The only stipulation is that the bid must be at or better than the reserve price, but given the reserve is some 30% below the previous market this isn’t much of an obstacle.
The first ads ran last weekend and L J Hooker Managing Director Alexander Moore says “the sales team have been swamped with enquiry, we are seeing the best site visit numbers since August last year. People are recognizing that this is a great chance to buy quality near completed property at really unrepeatable value”
Mr Moore further adds that buyers are happy to have a really open and value driven sales process.
As he says “people are sick of marketing companies trying to dupe them with crazy offers of ‘free’ cars and ‘buy one flat and get one free’, they know it’s all nonsense and they just want honest up front value from a reputable builder”
Mr Moore adds that the campaign is successful because it recognizes what buyers want, and it delivers it easily and without hassle “simplicity and good value - that’s what the buying public wants and that’s what we’re giving them here”

Property price falls attract buyers

In the past few months most cities across India have seen falls of on average 25% on the asking prices of new property stock.
L J Hooker Project Marketing has seen clients in all cities dropping prices by these margins and says that the strategy is working.
“We are seeing renewed interest in Projects and bookings starting to flow again as buyers get comfortable with the current pricing structures” says CEO, Alexander Moore.
“Sellers who do not meet the markets price expectations do so at their peril” he says.
Mr Moore confirmed that a number of developers were planning imminent releases of projects with reasonable pre launch enquiry.
Bangalore’s largest landowner, The Century Group has recently completed their model display villa just beyond the Hebal flyover for their ambitious WinterSun project at Yelahanka, and Mr Moore confirms that the launch will be done over the next few weeks.
“We have a commitment to go to or VIP data base for a pre launch then we will open the project to the public at an official launch as soon as the pre launch bookings are completed”
Other projects slated for release that were confirmed by Mr Moore included the huge Golf Village at Mysore, where villa’s are expected to be released from only 40L or so confirming that there really are some great buys coming into the market.
These villas are located on a championship 18 hole golf course with none other than India’s No 1 golfer, Jeev Milka Singh as the project brand ambassador and spokesman.
Construction of the course has already begun.

A slow but steady recovery in property sector…...

The property market is seeing a slow but relatively steady recovery in the first quarter of 2009 with enquiry levels growing and transaction numbers starting again.
The market has moved from virtually zero transactions in the later part of 2008 to a point where there is now cautious optimism among developers.
Why the change ?
First and foremost it’s market sentiment, people seem to be happy that the deals now on offer represent good value, and more importantly they don’t believe prices will fall further.
Added to this is the fact that interest rates have come down and EMI’s are therefore much more affordable.
Given the combined drop in prices and drop in interest rates, buyers are now some 30% or more better off than they were a year ago.
Recent numbers from the RBI show that wholesale inflation rate is down to the 2002 levels of only 3.03% (down from 5.69% at this time last year) Retail rates are expected to follow the downward trend as the year progresses.
All this has led to the central bank aggressively cutting rates with 5 cuts since October 2008.
It is considered unlikely that there will be any further cuts prior to the next financial year.
Borrowers can now lock in rates as low as 10% (IDBI) so property is again looking a tempting option.
Buyers are moving strongly back into the sub 30 lakh market where it is mainly driven by owner occupiers who in the main are working couples and families.The second quarter of 2009 should continue this trend.

An Ideal Time to Buy Property!

Current market conditions are forming to make it the ideal time for buyers to enter the home market.
The RBI are concentrating on the push against inflation to bring home loans down and with the global meltdown the real estate market has seen a price correction across all sectors.
We have recently seen a 2 point drop in the lending rates of most major banks and this equates to a 15% - 20% saving in EMI for the buyer.
“This makes it an ideal time to find an investment property or a property for the first home buyer, the buyer will save around 15% in EMI financing rates plus a discount from the builder of a similar margin” reports CEO of L J Hooker Project Marketing Alexander Moore.
On a global scale India is in a vey good position where we expect to still experience a high level of growth in the next year, whereas the rest of the global economy are not looking to be as lucky.
In Bangalore we also have a large floating population which adds to the inherent market demand for housing.
Bangalore is also seeing developers keen to move on their inventory levels, “Deals available in the current market place are as good as they’re likely to get and young buyers in particular should try and get into the market now while the good deals are available” says Mr Moore.
L J Hooker believes that the price drops we have seen are the end of the cycle and that this couples with the drops in interest rates have left a much more attractive market for buyers.
The last advice is to buy quality well located and well connected property—it will always do better than secondary positions.

Market Plateaus - buyers coming back !

We seem to have seen the bottom of the cycle in general residential property and buyers are now starting to come back into the market.
There has been a push through from the affordable segment to a point where we are now seeing a pick up in enquiry in the large and still somewhat oversupplied middle market.
Buyers are appreciating the fact that there is only so far that prices can, and will come down.
With the price of building materials such as steel and concrete staying up and labour not likely to get cheaper there is really not that much potential downside in property prices from here on.
Builders now are in general terms up to 20% lower than the prices that were anticipated 6 months or so ago. It is considered unlikely that they have much potential to go lower.
The best advice to buyers is to find a property that you like and then sit down with the developer or their agent and get a price that you are happy with.
Buyers need to remember that property is a long term investment, if you buy good quality in a good position then you will always do exceptionally well.
As with the later part of 2008, poorly situated and poorly build product is unlikely to find a buyer in this market.
Some of the best buying at present is in the areas of Electronic City and Whitefield where large volumes of supply have driven down prices to rock bottom.

International Property Marketer expands in India

Despite the poor market conditions (or maybe because of them) international property marketer, L J Hooker, continues to expand into the Indian project marketing sector.
L J Hooker MD, Alexander Moore say’s the company has now been appointed the exclusive Sales & Marketing Agents for in excess of $1Billion USD (Rs.4,800Cr) worth of Indian property.
“At present we are looking very closely at the projects and clients we commit to as in the current market conditions we believe you must have a well priced ‘A’ grade product, and a client that is prepared to commit the resources to generating a workable level of enquiry.”
“We are at a point where we will grow our book to $3-5 Billion USD in a relatively short time and we need to ensure that the product we are offering is of a consistent quality and that the offer is consistently attractive to the market. Our stock is currently in our two southern markets of Bangalore and Hyderabad where we have opened our first two Regional Sales Offices, but over the coming months we are making a big push into north India with our Delhi RSO now open” says Mr Moore.
The company believes the market has seen the worst of the economic slowdown and will see a steady strengthening property market in 2009 and beyond.
They say a number of the large development houses have been particularly hard hit by the duel issues of non existent transaction numbers for 6 months, coupled with their PE ‘partners’ failing to deliver and/or reneging on funding arrangements, according to Mr Moore this was exacerbated by the local banking sector tightening down on credit when it was most needed.
“We have seen a number of the larger firms under intense pressure to generate cash flows and it has been a very tough 6 months. For many of these firms the next 6 months will be equally troublesome as they seek to get their funding resolved and move forward.”
Mr Moore says of the current conditions, “We have been through many market corrections over the 80 years we have been in business, and what we have learnt is that in a tough market you need to sharpen your game. You have to package the product correctly and then invest what resources you have to get to the buyers that are still left in the market, you need to engage them and resolve whatever problems they may have so that they can conclude business and transact. It’s difficult and it’s expensive but it’s a lot better than the alternate”
L J Hooker is aiming for a pan India presence with up to 10 RSO’s across the nation within the next 3 years. The company currently has almost 800 offices internationally and transacts close to $30 Billion USD of property per annum.

Leading Developer appoints International Marketer

Leading property MNC L J Hooker has been appointed by Century Property as exclusive sales and marketing agents for their new WinterSun project in the booming northern corridor of Bangalore.
Century Group, the largest single landowner in Bangalore, has built a land bank that is the envy of the development industry in India’s southern IT hub, recently adding a huge swathe of the central Palace Grounds site in central Bangalore.
CEO of Century, Ravi Pai is enthusiastic in relation to the company’s icon development at Yellahanka and their association with L J Hooker.
“WinterSun is an outstanding development offering international architecture and a lifestyle that is normally unavailable in India. We have made an enormous effort to ensure that the lucky buyers at WinterSun enjoy a style of living that was more typically associated with high end architecture in area’s such as California, where people enjoy a harmony created by having the interiors and exteriors of their homes melding into a single holistic experience.”
L J Hooker Project Marketing MD, Alexander Moore says his company is very pleased to be appointed by the Century Group “We look forward to working with the Century team over the coming years and to assisting them in getting their product to the market in the most efficient manner possible”
Says Ravi “We have joined with L J Hooker because we realise that the Indian property buyer is demanding greater efficiency in both their purchasing experience and in the after contract management of the purchase. L J Hooker have been working in this field internationally for 80 years and we welcome their experience and operating systems”

The first stage of WinterSun will be released to the market at the end of January with the first 50 Villa’s and 18 row houses being made available. Villa pricing will be from around the Rs1.25Cr mark.

(more info www.ljhproperty.com/wintersun)