Now trending: NRI investment in Indian real estate!

A growing number of NRIs are now looking back at their ‘desh’ to pick up premium properties and invest in real estate.

Following the sinking real estate business in the European Union and the Sub Prime crisis in the United States, non-resident Indians have been seriously considering investing in real estate ‘back home’ the last few years. The rapid depreciation of the Indian rupee has also encouraged NRIs to push up the demand for investment in India. In the Middle East, harsher domicile laws restrictions are forcing working NRIs to pick up homes, villas and apartments back in India.

Before investing their capital, the NRI is advised to be clear about the options, benefits, process and the risks that come with making such a financial choice. The reasons that compel NRIs to buy in India are:

• Investment in real estate continues to be the top choice for investment in Indian markets.
• Again – the much depreciated INR presents an ideal opportunity for investment.
• Recent legislation like the approval of the Real Estate (Regulation and Development) Bill by the Cabinet in June 2013 offers India’s long-suffering real estate buyers hope for an easier purchase experience.
• The procedure for NRI investment in real estate has been simplified RBI through relaxed forex regulations for the acquisition and transfer of immovable propertied. There are tax benefits applicable especially for NRIs investing in property and real estate in India.
• Governing bodies like CREDAI are offering NRIs a superb range of real estate options.
• Indian real estate developers have made their forays into the Middle East to attract the NRI buyer segment.

RBI and FEMA have specified the types of real estate investment permitted for NRIs. An NRI can;

• Acquire/purchase any immovable property – other than agricultural land, plantation property and farm houses – by way of gift from a resident Indian, citizen of India residing outside or Person of Indian Origin (PIO).
• Acquire property by means of inheritance.
• Transfer by means of sale of immovable property by means of a sale to a person residing in India.
• Transfer agricultural property, plantation land or a farm house by way of gift to Indian citizen who is residing in India.
• Transfer by way of gift residential or commercial property by means of gift to any person who is a citizen of India whether residing within or abroad or a Person of Indian Origin.

With these options in mind, Edifice invites you to its stall at the Indian Property Show 2013, Dubai between 20^th and 22^nd of June 2013. Our team would be happy to meet with you, showcase our real estate options for your and answer any questions you have regarding investment as an NRI. Please do drop in. Don’t forget to check out our interesting Group Buying concept called the Edifice Collective.

You can find more information on the subject on our website. We also have a page devoted to FAQs for NRI customers.

SHOWCASING EDIFICE BUILDERS AT DUBAI

Who are we?

Edifice Builders is a boutique developer, headquartered in Bangalore with presence in 3 continents. We are working towards filling a niche by creating thoughtful and inspiring spaces for our customers.

Why choose us?

We build spaces that fulfill your needs, instead of expecting you to adjust your requirements according to what we provide. From an NRI’s point of view too, every Edifice project is packaged with a host of services to make life easier when you invest in India. We provide services like property management, rental management, rental guarantees and resale management to ensure that your investment starts working for you right away. More importantly, Edifice projects have an all-inclusive price for NRIs that includes everything, with absolutely no hidden costs, thus making your investment completely hassle-free.

What are we showcasing at the Dubai Property Show?

At the India Property Show, we are showcasing four of our unique projects:

• 80Edifice is a commercial property venture in the heart of Indiranagar, where we are expecting unbelievable returns through rentals and rental deposits.

• Edifice Collective is a revolutionary concept of a group buying service that is custom crafted for NRIs. Through this, they can choose every aspect of their project, and also enjoy rates, much lesser than the market rate.
• Almond Tree at Yelahanka, North Bangalore is a community of charming townhouses in North Bangalore with 90% carpet area. This project is completely ready to move in, with most of the townhouses already occupied.
• Villa Valley is a project consisting of large, airy villas in Yelahanka that boasts of a tennis court, private swimming pools and a host of other luxury facilities.

Something extra?

The management team of Edifice Builders will be present in Dubai from 10^th June to 8^th July. This time around, Edifice has an exclusive referral offer for Dubai. Anybody who refers a friend in Dubai to buy from any of the four projects we are showcasing will receive a 1200 SFT plot completely free.

Please do visit http://edificebuilders.com/india_property_show.html for more information.

What is the Group Buying Concept?

Most of us would have made good friends in the course of our life, but find that even when staying in the same city, the distances make it difficult to meet regularly. This is a situation where a concept like group buying comes into the picture, where you can get together with a group of friends and like-minded people and invest in a group of homes together. Group buying is not something that everyone would be familiar with, so here we try to highlight a few key points to emphasize why it might be a good investment for you.

The “Group Buying” model differs from an individual property purchase in many ways that makes it a very attractive investment.

·        Every individual member of the group will be able to save at least 30% on their property purchase compared to the current market prices.

·        Compared to the individual purchase where most changes have to be made after completion of building and may sometimes involve breaking down structural components, every member of the group would be able to customize their home according to their preference, to a large extent.

·        Every group member would be allowed to participate in the aesthetics and design aspects as well with respect to their individual unit.

·        The project developer is able to pass on the saving (at least 30%) because the group member will participate and bear the land acquisition cost along with the developer at the acquisition stage as agreed.

·        The whole process will become more transparent with a safety net aspect, because every group member would deal directly with the developer in terms of payment, agreement and other requirements, while availing all the benefits that come along with the ‘Group Buying’ concept.

·        Similar to any individual property purchase, every group member will usually be asked to deposit a specific amount directly to the developer as part of their commitment to show their seriousness towards the project and avail all the Group Buying benefits. The group members should get a proper payment receipt/acknowledgement directly from the developer and this will be adjusted against their overall contribution towards the project costs.

·        It is also possible that the developer may get into individual agreements (Signed MOU template) with every group member to provide them an extra assurance and safety net at this stage as well

·         Post the stage of land acquisition, the further individual payments will be linked to the construction, and these details should also mention in the signed MOU.

At the Dubai India Property Show later this month (June 2013), Edifice Builders will be promoting the group buying concept. Does the concept sound intriguing to you? Do drop in at the India Property Show at Dubai, or ask a friend to do so instead! Anybody who refers a friend in Dubai to buy from any of the four projects we are showcasing will receive a 1200 SFT plot completely free.

Please do visit http://edificebuilders.com/india_property_show.html for more information.

Fill your need for the Ideal Commercial Space

Looking for an ideal commercial space in a city like Bangalore can be a tall order. It is one of the most critical decisions for the success of your enterprise. The city has many buzz areas that have got densely populated with buildings, including commercial ones, and most of these come at exorbitant prices. Here are some of the factors that go into making a space the ideal one for your needs:

Location: There are three things that matter in a property or an office space. Location, location, location!! It is clear that location is a big priority for a commercial establishment, especially if you need to be in touch with public as this decides the accessibility to customers, clients and employees.

Budget based: Most start-ups and small companies would tend to look for a space that is friendly on the pockets. It is tough to find the balance of an affordable space that that also provides world-class amenities and comforts. After all, this is a space that your clients and customers will be visiting and having an impressive office space adds to your credibility. In well-populated areas like Indiranagar, a space on the main road can set you back by quite an amount, which is tough to afford when you are just starting out in business. If the location could be just a bit off the main road, this does not impact visibility at all, but the real estate prices could be all the more attractive – as in this case.

Addressing a need: Bangalore is the start-up capital of the country, and this leads to a requirement for small but well set-up spaces in the heart of the city. Most projects and spaces are constructed for large companies and come with a “take it or leave it” proposition to them. At Edifice Builders, we noticed this need gap and initiated a project just to bridge this gap.

80 Edifice at Indiranagar, Bangalore

At Edifice Builders under the eCoCreate umbrella, we set out to create a space that would be well located, provide the best comforts and amenities and also be friendly on your pocket. We have personally experienced the challenge of finding such a space in the city. We have translated our learning into building an ideal commercial space.

We will be showcasing the 80Edifice Commercial Complex project at the Dubai Property Show to be held at the later part of June 2013. We hope you can join us to get more information about this and other projects.

For more details, do visit our website: http://www.edificebuilders.com/

How to move towards Sustainability – eCo Create

While consumerism is the order of the day, many of us have also realized that the only way to make things better is to move towards sustainability. There are  many ways to make that happen  and here are a few ideas:

Grow your own food: Instead of spending time worrying about the amount of pesticide residue that we might be consuming in our food, we can turn the situation around. There are a lot of inspiring stories about a backyard or a terrace kitchen garden, and it is definitely true that just a 25×25 feet patch of land can supply the demands of a small family. Make a start and see the difference!

Use alternative forms of energy: When building a home, do explore the options for harnessing natural energy. Solar power can be used not just for geysers but also for powering most appliances in the house if used properly. We came across this article that gives an interesting option of using wind turbines.

http://bit.ly/ZsjRe4

Conserve water: Rain water harvesting is a must, and can be done efficiently by planning to store a part of the quantity and use the rest to recharge the ground water. Other than this, make it a point to be conscious in your use of water and you may come up with many inspirational ways to conserve and reuse water wherever possible. Some ideas you can gain by clicking on: http://thealternative.in/inclusivity/catch-every-drop-sustainable-water-conservation/

Waste segregation: This is a cause that is not taken seriously by many, as the general outlook is that “once the trash leaves the house, it is no longer my problem”. Read about the environmental implications of mixed garbage, just one of which leads to burning of plastic-mixed-waste and expelling carcinogens into the atmosphere.

Pass on the message: The more the merrier, as the saying goes. It is very easy to crib about things, more difficult to take action on it. Try to educate friends and family to your purpose, and soon you will find the movement growing and a change happening in the mindset of people.

At eCo Create, our goal is to encourage free and artistic thought, by creating inspirational locations, along with keeping the wealth of environmental beauty around as intact as possible. Please see our website for more details: http://www.eCoCreate.org

Edifice Builders Creates One-Stop Shop for India Real Estate

Edifice managing director Nikhil Thard.
SAN LEANDRO, Calif., United States

Bangalore-based Edifice Builders specializes in full-service real estate development and property management in India, Edifice managing director Nikhil Thard told India-West here in an interview May 6.

On a visit to the San Francisco Bay Area to attend a major real estate show, billed as “Risa Realty’s India Property Show,” in Santa Clara, Calif., the India-based real estate developer said his company handles the gamut of real estate services — including land acquisition, property development, approval and permits, rentals, interiors, resale and property management — as a one-stop solutions firm.

“We make it easier for NRIs (non-resident Indians) in all their property dealings,” he added.

The company currently has “high-end” property projects in Bangalore, Tamil Nadu and Assam. “We have a staff of world class consultants,” Thard emphasized.

Rippy Sethi, chief executive officer of New York-based Risa Realty, Edifice’s representative in the U.S. and one of the largest consultancies in the U.S. for real estate development in India, told India-West that Edifice has the experience and support system to develop “villas and also commercial property.”

Through Edifice, an NRI can “buy a villa and do everything while sitting here,” Sethi said.

Thard pointed out that NRIs could get together to form a group with the same property or development needs and his company will take it from there.

“We know how to develop property with the American way of life for NRIs,” he said. “Ten friends could get together and we can develop villas to their specifications.”

Edifice is an arm of eCoCreate, a parent company with interests in real estate development, restaurants, global technology, art, music, food, wellness and other sectors.

Thard said the company is setting up about 11 separate companies, including three in the U.S.

“We have a group platform that enables people to chase their dream of entrepreneurship,” he explained.

One project on the drawing board is a resort development in the U.S., Thard told India-West.

“Our co-create strategy is ‘revenue first.’ We create revenue first and then the cost is built in.”

According to the eCoCreate Web site, “The idea to bring together resources that otherwise wouldn’t be available to individuals or entities to realize global, world class products and services without VC or seed funding is quite new and radical and is more focused on a very synergic growth of ideas, people and organizations.”

“The ultimate objective is to create an ecosystem very intricately connected, complementing organizational capabilities and fueling the growth of all stakeholders.”

Source: http://www.indiawest.com/news/11158-edifice-builders-creates-one-stop-shop-for-india-real-estate.html#3ifqlHrSYfeBCy0K.99

How to Foster Creativity – eCo Create

Many of us may feel that creativity is born, not acquired along the way. Though some inborn talent may play a part, we at eCoCreate are of the belief that there are many other factors that can help foster creativity and give rise to unique works of art. Here are some thoughts on the subject:

Solitude: It is difficult to try to create something when being pestered by external factors like noise and even our mobile phones which seem to ring every 5 minutes just when you are trying to set your mind to something. The best thing to do is switch your phone off, or record a set message if that’s possible, as well as work at a location that is away from crowds, maybe even sound proofed if possible (Check out our Lahe Lahe Creative Lounge!)

Inspiration from the surroundings: While a lot of the inspiration for works of art comes from within the individual, staying in restful and beautiful surroundings will definitely make it easier too. The mind is a lot more at peace when staying in a calm and quiet place like our Art Village, wouldn’t you agree?

http://bit.ly/WMjHKI

Thinking outside the box: This is a term that may sound cliché, but it makes a lot of sense. We all know how tough it is to create something new, when we keep sticking to the same mundane schedule or keep thinking along the same lines. It is only when you expand your boundaries and let your thoughts fly free that the most astounding works of art come about. We love this quote from Eleanor Roosevelt – “Do one thing everyday that scares you.”

Being creative should be a way of life for young children, and if you are a parent the best way to nurture it may be to just let them be. Encourage their exploring, within safe limits if you need to decide on them. Once we start setting too many boundaries or restrictions, this may end in dampening many a young talent. At eCoCreate, we hope to give free rein to creativity and help foster it in all areas in a unique way. Do check out our page for details: http://www.ecocreate.org

How to Realise Your Dreams – eCo Create

http://bit.ly/116X1DW

We all have dreams but only some of us have the determination to make it come true. Why is that some of us follow our dreams while some of us just let our passions go? Fear! Fear of failing, fear of not being good enough and fear of the unknown.

But, it is time you take control of your life and not let fear do the job. You won’t even believe how simple the steps are to realising your dreams. But determination should be your companion in this journey.

Go after your dreams and we assure your life will only get brighter, better and happier.

How can you do it?

Dream – the first step to realise your dreams is to have one. Dream big so that you work harder towards achieving it. Challenge yourself and let your heart wish what may seem impossible. There will always be people who will tell you that you are crazy and you should be safe.

‘Do not take risks, you will only fail’ – these words are from people who are scared and have given up on their dreams. But, nothing can be further from the truth. Without risks you have already failed in life.

Go after your dreams. All you need is persistence.

Be sure of what you want – it is difficult to go after something, if you don’t know where you are going. Be sure of what you want to do in life. Once that clarity sets in, give it your all.

But knowing what you want may be difficult. Many people go through their life wandering and wondering. If you are unsure, then try different things. Experiment with your life till you find something that clicks.

Then own it, master it and go after that dream with all your zeal and determination.

Embrace failure – along the way you will face struggles and obstacles. Think of it as a test that you need to pass in order to realise your dreams. Nobody said this path is going to be easy. The secret is to stay determined.

Let each failure be a stepping stone, a lesson for you. It is times like these that test your true character and perseverance. These are not just words – these are lessons from real people like Chris Gardener. He struggled through homelessness for more than a year while taking care of his toddler son!

Today he is the CEO of his own firm – an entrepreneur, investor, stockbroker, author and philanthropist he has come a long way from days of struggle.

If you embrace failure and move forward, then you will succeed. Real failure is when you resign yourself to these obstacles and hurdles along the way.

Work towards it – having a dream is not the end, it is just the beginning. Don’t wait for things to happen, make them happen. Brace yourself for hard work and some more hard work!

Be positive – and stay that way. The more you think positively, the higher the chances of you succeeding. Eliminate self-doubt. Strong desire and unwavering faith can make you realise dreams.

‘Nothing can stop the man with the right mental attitude from achieving his goal; Nothing on earth can help the man with the wrong mental attitude’ – Thomas Jefferson

Let go of your fears and take that step forward. You will stumble (we can guarantee you that!), but without failure success won’t taste as good!

Rags To Riches – True Stories That Inspire

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Most of us dismiss our dreams telling ourselves that it is not possible, so why waste time? Then what is worth your time, if not your dream? Think about it! People who are successful are born with silver spoons in their mouth. But, there are many successful people out there who have made it on their own. People just like you and me.

We are going to tell you a couple of rags to riches story – stories about people who dared to dream and follow them.

Jim Carrey – who doesn’t know this funny man of Hollywood? A well known actor and comedian, his movies make millions laugh and earn him pretty good bucks as well. But, did you know that he grew up in poverty? He lived in a van and worked as security guard and janitor! Unbelievable right?!  

From janitor to actor – it is not a fairy tale!

John Rockfeller – Born in 1839, Rockefeller was one of six siblings living in a poor family. His first job was as an assistant bookkeeper for a small produce commission firm for only 50 cents a day. Rockefeller would grow to found Standard and Oil Company and become one of the world’s most famous philanthropists. He was the first person in history with a net worth of a billion dollars and was the third-richest person in human history, according to Fox News.

Shah Rukh Khan – who doesn’t know him? The king of Bollywood! But he wasn’t always the king. He was from a poor family. His father was dying and they couldn’t afford the expensive injections. He comes from a place where there was less to eat. He was in fact threatened to be thrown out of school because his parents couldn’t pay his fees. He has been thrown out of homes because he couldn’t afford rent!

Doesn’t sound like the man who owns the Mannat today, does he? The power of dreams will never fail to surprise you.

Oprah Winfrey – Oprah spent the first six years of her life living with her grandmother wearing dresses made out of potato sacks. Today Ralph Lauren, Armani, Prada, Jimmy Choos etc. grace her wardrobe!

After being molested by two members of her family and a family friend, she ran away from home at age 13. At 14, her newborn child died shortly after he was born. She went to live with her father and turned her life around.

She got a full scholarship to college, won a beauty pageant —where she was discovered by a radio station — and the rest is history. The Oprah name became an empire, and according to Forbes she is worth $2.7 billion.

Do you have it as bad as them? May be. May be not. Either ways you know that there is light at the end of the tunnel. Hard work, talent, passion, determination, perseverance and support will take you to the top. And that support you can get from us.

Join hands with us and let us help you realise your dreams. Visit www.ecocreate.org to know more about us.

6 Success Mantras From People Who Made It Big – eCo Create

“All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible“- T.E. Lawrence.

It is true! Many of us have dreams but not the courage or will to follow it. There are many things that bound us. But, it is time to give up on fears and give wings to your dreams. Ever wondered how some people made it big? What is it that they have that you don’t? What is their success mantra?

Learn what makes them tick, what sets them apart and what makes them successful.

Image: http://bit.ly/13lF5cx

Success mantras that will change your life

A person that we can look up to for inspiration is Steve Jobs. One of his success mantras is following your dream – do what you love! He once told a group of employees, “People with passion can change the world for the better.” Jobs has followed his heart his entire life and that passion, he says, has made all the difference.

If you are not passionate about what you do, then chances are less of you coming up with new, creative and novel ideas.

Bill Gates, the founder of Microsoft is a well-known name in every country and every city. How did he get there? His success mantras are very simple. One of them is ‘Never give up on your dream!’

Be patient. Don’t be in too much of a hurry to achieve your goals and dreams. Be persistent and never quit. As the saying goes, ‘Winners never quit and quitters never win.’ Always remember, when you think you’ve exhausted all your possibilities, you really haven’t–there’s always another way, a better way…and even more importantly, there’s always another day!

Life is not a dress rehearsal, it’s the main event. GO FOR THAT DREAM. It is within you and within your reach!

Here is a success mantra by our favourite cricketer Sachin Tendulkar. He speaks from his heart and gives the best advice to the youth of this generation.

“There will be tough times but if your foundations are strong you will be able to overcome each and every obstacle. So that is what I have tried to follow in my life. Not always it is going to be rosy, sometimes there are going to be rough patches but if you are mentally tough you will be able to overcome all those obstacles. That’s what I would want next generations to follow, not to find short cuts”.

Live a disciplined life with sincerity and honesty. This will help you win many battles like Sachin Tendulkar did on the field.

A great success mantra comes from the beloved children’s book writer (incidentally, lots of adults are her fan too!) – J.K.Rowling. She talks about fringe benefits about failure. Yes, that is true! Your stepping stone to success is failure. Failure taught her to put her everything into what she really believed in.

She says, “Had I succeeded at anything else I might have never found the determination to succeed in the one arena where I believed I truly belonged. I was set free! So rock bottom became a solid foundation on which I rebuilt my life.”

The next success mantra comes from Big B – call him badshaah, shehanshaah or any other name you please. An Indian movie actor recognised globally, he is a living legend! There is a lot to learn from this man.

Take his movies for example, he has experimented with different kind of roles and never stuck to stereotypes. Even at this age, he is one of the most in-demand actors. To succeed in life, one should be able see what the future will be like. We should have imagination and we should keep experimenting.

Be open to new ideas – you never know what might work!

And the last success mantra comes from the missile man Dr. A.P.J. Abdul Kalam. He urges everybody to be ‘part of change’, as every aspect of life changes with time and it is very important to keep up with them.

The world is driven by knowledge and what worked yesterday won’t work today – so keep up and stay ahead to be successful.

These success mantras will help you achieve your dream. And with eCo create, find a platform where you can chase your dreams and turn them into reality.

Visit www.ecocreate.org for more information.