As part of our business strategy we undertake projects on development basis. We welcome any concerned individuals or organizations that own property in the form of land or plot to send their proposals to vijetaventures@gmail.com or contact in person with requisite project proposal and clear documents.

:: Info required:

1) Vicinity
2) Type of ownership
3) Size of property

:: Development Opportunities

India
OECD-India Investment Roundtable
India’s Investment Policies and Outlook

:: Economic Reforms- Some Milestones

•	Abolition of industrial licensing, except in few ‘strategic’ sectors
•	Foreign Direct Investment up to 100% allowed in most sectors under the ‘Automatic Route’
•	Rationalization of both indirect and direct tax structure
•	Portfolio investments by foreign institutional investors allowed in both equity and debt markets
•	Rupee made fully convertible on trade account
•	Removal of quantitative restrictions on imports
•	Financial sector reforms and decontrol of interest rates
•	The Fiscal Responsibility and Budget Management (FRBM) Act enacted in 2003
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:: Investing in India – Entry Routes



Investment In Indian Infrastructure And Property Development Market

Why to invest in Indian property Development?

Driven by the positive growth in industry, real estate in India is booming. The development of real estate focuses on two primary areas: retail and residential.

•	The global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and predicted an impressive 20 per cent growth rate for the organized retail segment by 2010.
•	The organised segment is expected to grow from a mere 2 per cent to 20 per cent by the end of the decade, it said.
•	Investment in the retail real estate segment yields 13-16 per cent return.
•	Driven by IT/ITES sector, the suburban locations of Mumbai, Delhi, Bangalore, Chennai and Hyderabad; are witnessing development activity due to easier availability of Land, Construction of larger floor plates and offers of built-to suit facilities.

:: SECTOR OVERVIEW

•	Second biggest economic activity in the country next only to Agriculture. Market size 2,20,000 crores.
•	Largest workspace of 32 Million Skilled, Unskilled and Semi-skilled Labour.
•	Second largest contribution to GDP at 5%
•	The annual average growth rate of construction sector from 1999-2000 to 2005-06 is projected at 7.4%.
•	Attracts share in investment at 37%.
•	Consumes 90 Million Tones of Cement and 18 million Tones of Iron & Steel per annum.

Key trends of the Real Estate boom:
 

•	Over 200 malls with a combined retail space of 2.5 crore square feet are sprouting across the country at an investment of Rs 12,500 crore, eight times of Rs 1,500 crore invested till last year.
•	According to an ICICI study, malls are estimated to become Rs.38,447 crores ($8.3 billion) sector by 2010.
•	As the competition in the market is intense, builders are going out of their way to be different. Specialized malls have become the order of the day.
•	Similarly in the home segment, which is driven by the availability of easy home finance, most builders are trying to woo investors with interesting features, each more tempting than the other.
•	Closed-circuit television and earthquake proofing are expected as standard features in most up market blocks.
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With a view to catalyzing investment in township, housing, built-up infrastructure and construction-development projects, the Government has decided to allow FDI up to 100% under the automatic route in townships, housing, built-up infrastructure and construction-development projects, subject to the following guidelines:

a. Minimum area to be developed under each project would be as under:

i. In case of development of serviced housing plots, a minimum land area of 10 hectares
ii. In case of construction-development projects, a minimum built-up area of 50,000 sq.mts
iii. In case of a combination project, any one of the above two conditions would suffice

b. The investment would further be subject to the following conditions:

i. Minimum capitalization of US$10 million for wholly owned subsidiaries and US$5 million for joint ventures with Indian partners. The funds would have to be brought in within six months of commencement of business of the Company.
ii. Original investment cannot be repatriated before a period of three years form completion of minimum capitalization. However, the investor may be permitted to exit earlier with prior approval of the Government through the FIPB.

C. At least 50% of the project must be developed within a period of five years from the date of obtaining all statutory clearances. The investor would not be permitted to sell undeveloped plots.

For South East Asians, India Is- “Investor’s Country Location”:

•	Sembcorp Engineers and Constructors, one of Singapore’s leading infrastructure companies is currently working on eight projects in Mumbai, Pune and Bangalore.
•	IJM Berhad, a Malaysian firm, is also involved in two projects being set up by two different governments. There is a 2,200-unit apartment project worth US$150m, which is being put up in association with Andhra Pradesh Housing Board (APHB).
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Investor	Country	Location
Kontur Bintang / Westport	Malaysia	Gurgaon
Keppel	Singapore	Bangalore
Singapore Housing Bord	Singapore	Hyderabad
Singapore Housing Bord	Singapore	Chennai
Salim Group	Indonesia	Kolkata
Lee Kim Tah Holdings	Singapore	Chennai
Ijm Berhad	Malaysia	Hyderabad
Ijm Berhad	Malaysia	Mohali
(Punjab)
Universal SuccessEnterprise	Indonesia	Kolkata
Emaar Group	Dubai	Hyderabad
Royal Indian Raj International Croporation	Canada	Bangalore

•	The excitement isn’t just related to the township sector. Related to the township boom is the surge in mall activity. A study by Knight Frank, a real estate consultancy outfit, believes that no less than 25 million square feet of organized retail space will come up across the country by 2005.
•	India’s construction market is one of the most promising in terms of growth potential.
•	The 2003 Global Insight study on the Global Construction industry points out that government infrastructure initiatives in India, • For building roads • Railroads • Bridges and • Power lines across the country Are creating tremendous business opportunities for the construction industry. The study pegs an optimistic growth rate of 10.6% over the next five years.