Ahmedabad Real Estate Agent, Ahmedabad Real Estate Consultant, Real Estate Articles India: Are you "CLEAR" on What is a Good Deal?

Ahmedabad Real Estate Agent, Ahmedabad Real Estate Consultant, Real Estate Articles India: Are you "CLEAR" on What is a Good Deal?

DLF Plans June Share Sale, May Be India's Biggest

DLF Universal, an Indian real- estate developer, said it plans a June share sale that may be the biggest by an Indian company, raising funds to complete existing projects and fund expansion.

The company expects to raise more than the 105 billion rupees ($2.3 billion) raised by the Indian government from the sale of a 10 percent stake in Oil & Natural Gas Corp. in March 2004, Chief Financial Officer Ramesh Sanka said today.

Indian real-estate companies such as DLF are expanding to gain from the surge in demand for homes, offices and retail space as the government allows overseas companies in more industries and faster economic growth boosts middle-class incomes in the nation of 1.1 billion people. India is forecasting sustained annual economic growth of 8 percent.

"We are bullish on the sector,'' Amandeep Chopra, who oversees about $221 million in stocks at UTI Asset Management Co. in Mumbai, said. ``We do have exposure currently and we will be also looking at exposure in newly listed companies or additional offerings from new companies.''

DLF hired DSP Merrill Lynch and Kotak Mahindra Bank to manage the share sale, Sanka said. UBS AG, JM Morgan Stanley, Enam Securities Pvt., ICICI Securities Ltd. and Citigroup Inc. were named as bookrunners.

Billionaire Singh

The company plans to sell 200 million shares in an initial public offering after selling 35 million shares to private investors, Sanka told a media briefing in New Delhi. The shareholding of K.P. Singh, the billionaire owner of DLF, and his family will fall to about 87 percent after the sale from 99.5 percent.

The IPO will be priced on the basis of bids placed by investors. DLF, which plans to rename itself DLF Ltd., will file a prospectus with the stock market regulator by the first week of May, Sanka said.

The proceeds of the share sale will be used to complete developments that are in progress, and to fund expansion plans, said Sanka. DLF has projects in 18 cities and plans to expand its presence to 35 cities in two years. It also plans to build hotels. The company and its associates had sales of 20 billion rupees in the year ended March 31. The group had a profit before tax of 7 billion rupees in the year.

India's real-estate market absorbs $11.5 billion in capital yearly and the figure may rise to $90 billion in 10 years, according to an estimate by Trinity Capital Plc, a fund formed to invest in Indian property.

"If India has to grow 8 percent, then real estate has to grow at 20 percent a year,'' Sanka said.

A boom in property developments may lead to oversupply, said UTI Asset Management's Chopra.

"One needs to be very cautious and valuations need to be looked at very carefully,'' he said.

Properties Available in Ahmedabad

Date: 18.04.2006

Property: Available for Sale

City / Locality: Ahmedabad - Bodakdev

Area / Price: 1,062 Sqft. / Rs. 12,00,000

Description: Flat available for sale in very posh area of Bodakdev with covered parking. loan papers are available.

Contact Details: Vinod Bhai +91-9328234466
OR
Contact- http://www.gujaratestate.com / info@gujaratestate.com



Date: 18.04.2006

Property: Available for Sale

City / Locality: Ahmedabad - Drive-in

Area / Price: 275 + 250 Sq Mt/ Rs 50 Lacs (negotiable)

Description: Surdhara bunlows Nr. Drive-in cinema. 3 bedrooms - 4 full bathrooms - 2 living rooms - dining - Kitchen. Sinle mine marble flooring from top to bottom.

Contact Details: Ojas Khanderia +91-9898123373 - +91-79-26851711
OR
Contact- http://www.gujaratestate.com / info@gujaratestate.com



Date: 18.04.2006

Property: Wanted for Purchase

City / Locality: Ahmedabad SG Highway/ Behind Rajpath

Area / Price: 300 to 1000 sqy 20-50 lacs

Description: Plot/ house on Sarkhej Gandhinagar Highway/ Behind Rajpath. Any Builder launching new scheme can also contact.

Contact Details: Ashish Shah: 6037914338
OR
Contact- http://www.gujaratestate.com / info@gujaratestate.com

Real Estate Seminars - Are they Worth the Money?

If you read the news media, you'll see that there's a proliferation of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. One event recently attracted over 30,000 people, with Donald Trump as the headliner (like he knows anything about buying a duplex?).

So, how do you tell the good from the bad? Well, first let me comment that I believe there is very little truly "bad" info out there. The difference is mainly price and quality of information.

Here's some things you should consider when determining whether to invest in a real estate seminar:

1. PRICE. Be leery of very cheap or very expensive seminars. If the seminar is free, it's because the promoter wants to sell you something. It costs the promoter thousands of dollars to get people into a room, so expect a hard sales pitch. If the event is more than $1,000/day, you should also be concerned, unless the admission price includes follow-up training or substantial materials. I'm not saying that $5,000 boot camps are all bad, just make sure you're getting what you are paying for.

2. CLASS SIZE. If you are paying $5,000 for a boot camp, you should expect a small class size. If not, you are likely overpaying, since you won't be able to ask questions in a large group format.

3. TEACHING ABILITY. Some gurus are knowledgeable, but are bad teachers. Make sure you have heard the speaker before or ask other people who have attended. There's nothing worse than paying to listen to a boring speaker or one that can't convey a topic in "plain English".

4. VALUE. Let's face it, some products are expensive because you believe they are worth more. Good marketing makes you believe "Bayer" is better than generic aspirin. Before you pay thousands of dollars for the "brand name" seminar, look into a cheaper version that isn't being marketed on T.V.

5. THE "PITCH". Although as a rule, the cheaper the seminar, the greater the pitch for other products, some promoters do nothing but pitch, even at $5,000 boot camps. Ask other people who have attended the seminar to determine the teaching to-product-to pitch ratio. There's nothing wrong with a promoter offering products and services at the less expensive seminars, but it's borderline insulting to have a non-stop sales pitch when you are paying $1,000 a day or more.

6. REFUND POLICY. Is there an open refund policy? This is VERY important. Ask up front. You should be VERY suspicious of any seminar that does not offer a refund policy.

7. ARE YOU SERIOUS ABOUT IT? No matter how much or little you pay for a seminar, it's all up to you. No diet works without exercise and discipline and no real estate investing technique works without your hard work. If you are just beginning, stay away from the expensive seminars until you are sure it is for you. Start with the $500 or less variety, let it sink in, then consider more advanced seminars when you have done a few deals. Once you start making money, you should continue investing in your education, since your return will be well worth it. If you are the type who has been to seventeen seminars and haven't done a deal, consider this:

"The Fault Lies Not Within the Stars But Within Ourselves"

Real estate investing will make you a lot of money if you learn the techniques and apply yourself. The bottom line is that education will help you avoid mistakes and learn new ideas. Read books, go to seminars and learn from other investors. Your best investment is in yourself.