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Good Commercial Areas In Gurgaon has got immense importance as a corporate hub. It houses a number of industries ranging from IT, ITES, BPO, auto manufacturing, hospitality and more recently the medicine field industries. Along with a well planned infrastructure, it offers globally comparable business houses like IT parks and Business Centers. Commercial centres like Udyog Vihar, IMT Manesar, InfoCity, Pace City etc have only added up to the value of Gurgaon as a commercial hub. A dearth of commercial properties in Delhi, has also burdened the NCR region commercial segment. Though, the supply has been enough till now, the demand is growing at a faster pace. The demand for commercial property is ever rising in the city and day by day and it is becoming the first choice among corporate houses and firms. To cope up with this burgeoning demand for commercial space, many developers have started new projects in the city. In addition to the corporate centres, offices, IT parks, the recent addition of shopping malls have opened new avenues in the retail space segment. Metropolitan Mall, Mega Mall, DLF City Centre, Ambi Mall, Omaxe wedding Mall etc are a few names, that have made the retail market a hotcake in Gurgaon. iValley at Manesar, Cyber Park at Sector 67, Element 9 at Manesar etc., are just to name a few of the new commercial projects in the city. The presence of sundry industries and multi national companies has caused an increment in the property rates. The search for a place, that is appropriate for your kind of business, in a good locality with good infrastructure but still easy on the pocket, is not really an easy task. A thorough market research is mandatory. A good way is to move out of the most popular commercial areas and look for newer avenues. For example, Golf Course is known to be the hub of corporate offices. It is very popular and equally costly. Though, it obviously is always the best place to have an office, with buildings like Vatika Tower, Global Flyover, Vipul tech etc. But, at the same time, it’s quite costly. So, if you are planning to have an office and are ready to get out of the charm of the posh localities, you can find some good economical options e.g., Udyog Vihar Phase-VI or Pace City-II etc. Let’s have a look at the rates of a few localities in Gurgaon, which are appropriate for office space and retail space (shops) and are cost-effective too: Office Space: Area // Average Price per Sqft (INR) // Average Rent per Sqft (INR) Pace City-II // 3952 // 16 Udyog Vihar Phase-VI // 4553 // 43 Udyog Vihar Phase-II // 5159 // 44 IMT Mansesar // 5908 // 15 Sohna Road // 6004 // 76 Retail Space (shops): Area // Average Price per Sqft (INR) // Average Rent per Sqft (INR) Manesar // 9988 // 60 Sohna Road // 10548 // 85 Sector-57 // 10858 // 85 South City-II // 11672 // 65 Palam Vihar // 12621 // 84 The purchase of properties has increased in Gurgaon and will continue to do so. The market is getting stabilized after the downfall of the realty sector. It is high time to invest in Gurgaon properties and expect a good return.
Zamanzar.com is currently ranked within the TOP 10 real estate portals in India according to Alexa traffic rank. Zamanzar.com provides an end to end solution for buying/renting/selling residential or commercial Indian real estate. Zamanzar.com has thousands of property listings for sale and rent in Gurgaon, including residential and commercial resale properties, rental properties and new projects. You can arrange site visits and close the deal with us, if you like some properties. Please visit our Gurgaon home page at http://www.zamanzar.com/Gurgaon-Real-Estate.html
For those who are looking for an excellent way to generate outside income, the commercial real estate industry is a great way to go. Many people have begun to invest in commercial real estate, and since this type of real estate is continually being purchased and sold, it has become an excellent way to invest money for a guaranteed return. Before one becomes involved in the commercial real estate market, it is highly important that they understand the commercial real estate industry and its many surrounding components.
A Basic Definition of Commercial Real Estate
First and foremost, it is imperative that one understands a basic definition of commercial real estate. Essentially, commercial real estate includes various real estate properties that have the potential to be able to generate outside revenue or even income for the owner. Whether the property has immediate potential for generating income or revenue immediately, or perhaps in the future, it can still be labeled as commercial real estate.
A Desirable Investment
Commercial real estate is an excellent choice for investors for a variety of different reasons. One of the main reasons that investors find commercial real estate to be such a pleasing investment is that is brings about both long term and short term financial benefits. In the short term, commercial real estate can help you bring in a better cash flow from the use of the property, and at the same time, in the long run the property will only appreciate in value, which will result in long term benefits should you choose to sell. Most investors also find that there is a lot less risk involved with commercial real estate than there is when dealing with other types of real estate. If you purchase apartment buildings or a strip mall, the risk of your investment will spread out among those who are renting from you, and even if you lose one of your renters, you still will be making money and seeing a return from your investment.
Commercial Real Estate Properties
Another positive benefit of commercial real estate is that the scope of properties that you can invest in is quite large. Commercial real estate includes various different properties that make excellent investments. As long as the building consists of more than four units, it can be considered a commercial real estate property. Commercial real estate also includes other properties such as strip malls, apartment buildings, RV parks, industrial parks, mobile home parks, and commercial centers.
Jobs within the Commercial Real Estate Industry
There are a variety of different jobs that are included within the commercial real estate industry, and all of them benefit from this excellent market. The investors have a very important job within the industry, since it is their money that is being used to make the property develop and become prosperous. Builders too have an important job, and many times they work within the commercial real estate industry to build new structures on commercial property such as apartment buildings or shopping malls. The lenders have a very important job, and they work to make sure that investors get the loans and mortgages they may need to be able to purchase commercial real estate properties. Also within the industry are the brokers who represent the owners and deal with the sales and property transfer issues. Last of all, but certainly not least, are the users who actually put the money in the investor’s pocket.
Financing Commercial Real Estate
Those who are planning on being involved in commercial real estate need to consider how they can finance any commercial real estate purchases. While few people can actually just purchase the property with money they already have, most people are going to be turning to other methods of financing the property. More than likely you are going to need to go to a lender to be able to finance any commercial real estate that you want to purchase, but there are a few things that you can do to make the process smother.
First of all, you will want to make sure that you have a business plan. You need to be able to show the lender why you want the property and how you plan on making it a successful investment. It is also important that you have at least a portion of the money needed for the property saved up so you can show that this is a serious venture and you are ready to make a personal investment in its success. Also helpful is a current appraisal of the property you are considering. This will help show the value of the property to the prospective lender. Having an attorney to help you and to check out legal issues will also be important, and in the end you should always compare several lending offers before making a final decision.
Getting Started
For those who are interested in commercial real estate and the financial benefits that can be enjoyed, there are many ways to get a start in the business. One of the keys to getting started is to glean all the information about the business that you can, whether from reading books, searching the internet, or speaking with friends and business colleagues that may have experience in commercial real estate investing. Checking into the area you live in and getting a look at what kind of commercial real estate is available and what the prices are running can help you begin to get a closer look at the costs and the availability of commercial real estate in your area. Attending zoning and city planning meetings may also give you insights and ideas for getting started as well. Lastly, one of the best things you can do is to start building a network of friends and business acquaintances that already have their foot in the door of the commercial market. Learning from their successes and mistakes can help you on your way to becoming a successful commercial real estate investor.
Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.
“I’m in debt up to my eyeballs” This video does not belong to me – I simply ported it from the lending tree website. Please don’t ask me for originals or DVDs as I do not possess them. I also do not possess the rights to this commercial so please contact Lending Tree if you want to use this video.
Brookfield Properties Corp. — A Real Estate Gem Lost in the Rubble
By Street Authority. Real estate was one of the hardest-hit sectors of the market during the financial crisis, and for good reason. After all, the real estate market caused all of this mess in the first place. Read more » »
Read more on Guru Focus
Bristlecone Supports Newell Rubbermaid’s Global Go-Live of SAP® BusinessObjects(TM) Spend Performance Management
MOUNTAIN VIEW, Calif., June 29 /PRNewswire/ — Bristlecone, a trusted SAP services partner and one of the industry’s most experienced supply-chain business advisors and solution providers, today announced that Newell Rubbermaid, a global marketer of consumer and commercial products, utilized its services to implement the SAP® BusinessObjects(TM) Spend Performance Management application. The …
Read more on redOrbit
INFO-TECH
SECURITY: BlackBerry, Skype, Gmail come under the scanner DATA SECURITY. After banning Chinese telecom equipment, the Government has now put Blackberry devices, Skype services and Gmail under the …
Read more on The Hindu
Brookfield Properties Corporation to Hold Conference Call & Webcast of 2010 Second Quarter Financial Results Friday …
NEW YORK—-Brookfield Properties Corporation announced today that its 2010 second quarter results will be released prior to the market open on Friday, July 30, 2010. Analysts, investors and other interested parties are invited to participate in the company’s live conference call reviewing the results on July 30 at 11:00 a.m. .
Read more on Business Wire via Yahoo! Finance
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hey guys… i have got an offer from foll firms but cant make my mind which shall i choose.. i can choose 4
1. gold man sachs
2. ici ltd
3. jaypee capital services
4. BSR
5. Bharat petroleum and corporation ltd
6. DCM Sriram
7. Indian Oil corporation
8. progean Ltd (infosys peer)
9. wipro bpo
10. GE Commercial finance
11. Gecis
Considering my interest in taxation and finace, i would like you to suggest me on the thing reg wot shall i do…
BPCL, IOC, BSR are providing job in accounts and audit but i dont wanna go there… So please suggest taking into account the scope and opportunity to learn.. work quality matters
Recent commercial lender changes are likely to impact most small business owners. If a commercial borrower wants to continue their present banking relationship, they will find (in most cases) that the business lending changes are permanent and cannot be avoided. A few new and more flexible commercial lending sources represent a welcome exception to this trend.
One of the biggest commercial lending changes involves new guidelines for working capital financing. Most banks appear to be quietly eliminating business lines of credit or severely reducing the amount they are willing to finance to a level which is not helpful to an average business. Very few businesses can survive without a reliable source of working capital, so this change promises to receive the highest priority from most small businesses. To replace the disappearing commercial lines of credit, the most practical options for business borrowers include working capital loans and merchant financing from one of the alternative commercial finance sources still active in small business financing programs.
The difficulty of locating investment property financing illustrates another business lender change. If the commercial property is considered to be owner-occupied (the owner occupies a substantial portion of the building), more banks will be interested in making commercial real estate loans. Investors that do not occupy the property often own business properties like shopping centers and apartments. For many banks, it appears that they are currently restricting their commercial lending activities to those which qualify for SBA loans (Small Business Administration) which generally exclude investor-owned situations.
A third significant business lending change is demonstrated by revised guidelines for refinancing commercial real estate loans. In almost all cases, commercial lenders have dramatically reduced the loan-to-value percentages that they will lend. In some areas and for specific types of businesses, many banks will no longer lend over half of the appraised value. While this causes difficulties when attempting to buy a business, the problems for a commercial borrower reach a crisis magnitude when refinancing an existing commercial loan. In many cases the original business loan was based on a much higher percentage of business value than the bank is currently willing to provide. The lending problem is further compounded when a current appraisal reveals a decrease in value since the original loan was made. Due to a distressed economy which frequently results in decreased business income that then leads to lower commercial property values, such an outcome is especially common.
In a fourth example of commercial lending changes, for virtually all small business finance programs many small business owners have already discovered an inflated fee structure from most banks. Perhaps the bank perspective for some of the commercial financing fee increases is that they need to find a revenue source to replace the diminishing income from small business loans which has resulted from bank decisions to decrease commercial loan activity. When they encounter suddenly increased business financing fees levied by their current bank, business borrowers should seek different commercial funding sources except in unavoidable and unusual circumstances.
A final example of commercial lender changes is depicted by banks changing their overall guidelines for small business financing. Many banks have effectively stopped making any new commercial loans to small businesses regardless of business income or creditworthiness. Unfortunately these banks are not announcing publicly that they have discontinued small business finance activities. This means that while they might accept business loan applications, they do not intend to actually finalize commercial financing in most cases. Whenever it becomes obvious that the bank has no real intentions of making a requested working capital loan or commercial mortgage, this approach has clearly frustrated and enraged business borrowers.
The five commercial lending changes described above are unfortunately the proverbial tip of the iceberg. As they approach business lenders to obtain commercial real estate financing, working capital loans and small business financing, business owners will need to be especially skeptical and diligent.
Stephen Bush has provided candid advice to business owners for more than 25 years and is a small business loans expert. AEX Working Capital Financing and Small Business Financing
You may answer any part of this question, thank you
I would like economic statistics of the indices given below in a tabular form so that I can make charts on them. What I want is links to daily weekly monthly or quarterly data ( absolute numbers, or percentages or increase decrease over earlier periods ) from 2003 ( or even a lesser period ) Even if there is no historical data available I would like some links from where I can get these numbers starting now.
India mainly & USA / International where applicable
INDICES to study the SALES / PRODUCTION / ORDERS / PRICE of
drugs, formulations, bulk, other
chemicals, detergents, dyes, pesticides, soda ash
fertilizers, leather, Lpg,
petroleum products – LAB prices, hdpe ldpe lldpe, Packing, Plastics,
Crude, Brent , Natural Gas, Aviation Turbine Fuel,
Oil Drilling, Refineries,
Auto – 2wheelers, commercial, passenger, tractors
auto ancillaries – & bearings, castings, fasteners, tyres
Food Products, tea, sugar, breweries, cigarettes, oils, FMCG
solvent extracts, starch,
consumer staples, durables, non durables, utilities
domestic and electrical appliances
shipping – like Baltic Freight Index
Hotels, Real Estate, construction, civil, government orders
Paper and Pulp, Newsprint Price , Rubber
Cables, wires, telecommunications
Electrical equipment, components,
Capital Goods, Heavy engineering, turnkey services,
Pumps, refractories, transmission Towers
Power, utilities, transmission and Distributers, Equipment Suppliers
etc
Metals – ( Londin Metal Exchange )
Copper, Aluminium , Zinc, tin,
Steel Sheets, Hot and Cold Rolled Coils, flats, rods, Pig Iron, Iron ore
gold, silver other precious metals
Cement – Despatches nos, price in NSEW, ceramics, asbestos
Entertaintment industry, broadcast, multiplexes, print, media, cable
Information and Technology, Hardare, Software, BPO,
Textiles of all types