Archive for Unitech

eBay® of Indian Real Estate

December 9, 2006 at 9:36 pm · Filed under Bangalore, Blogroll, Builder, Commercial Property, Delhi, Eastern India, Growth Investing, India Real Estate, Indian Properties, Indian Real Estate, Investing, NCR Region, NRI Related, Omaxe, Parsvnath, Pearls, Properties, Purvankara, Real esate, Residential Property, Southern India, Unitech

“Okay so I’ll send you funds tomorrow but it would take about 3-4 working days to reach you. Would that be any problem?” you ask. The person on the other side (literally thousands of miles away, somewhere in India) confirms “No Problem Sir. We are already holding a booking for you. Please do remember to send us a copy of the transaction and the application form”. You confirm and the next day, first thing you do is send the documentsa as asked. Whew! I own a flat in Bangalore, you’d think. The guy was very helpful. I wonder that liberalization and globalization has finally set the customer service at India parallel to the best in the world.

4 weeks later.

“Mr. Rangaswamy, I’ve sent you the payment through my NRE account 4 weeks back, and I haven’t nor my folks at India have received any receipts” you snort. “Our systems were down yesterday and the next two days there’s an off due to festivals. I would have someone send you the receipts to your home after that” says the other side. “No da, you’ve been giving me reasons Mr Swamy and I am getting a bit uncomfortable here. This is not how we deal here in the US”, “I agree sir, you know this is India, we are far behind USA sir. But I’ll definitely see what I can do for you. I’ll send you an email today with the status”. Phew! Finally this guy will let me know the status you think. You are eagerly waitig for the email, you check your junk box and still no sign. The pre-sales and post-sales is still quite a difference at India, you begin to think… Did I do the right thing, Oh sure YES!. India is booming and so I had to ride that wave. But how would I be served?

Okay, we set this stage as our founder and his group of friends went through this roller-coaster themselves. We might have exaggerated, but the reality is not far away from the conversation. India is definitely growing much faster than other economies and Real Estate particularly is on all cylinders. Yet riding this wave for an NRI or someone working / living overseas is not a moonwalk.

Here’s where we bring atOnePlace™ to your rescue. We cannot guarantee you a moonwalk, but surely can be your person at India to take care of your interest all the way from gather information to procuring the property, documents and updating you with status.

atOnePlace™, is a marketplace that is built to eliminate asymmetries of information and minimize the inefficiencies of transaction.

Similar to eBay (no we are not an auction powerhouse, neither are we a billion dollar company, yet ;-) ), atOnePlace brings a wide range of projects PAN India with tools for easier search, compare and later transact. atOnePlace has regular listings where you can connect with the builder directly or has a range of trusted (Priviledged) Builders, who we directly sell. [Priviledged Builders are those who have been diligently studied for dependance and stand high on dependance and reliability]. In a nutshell, atOnePlace empowers you to make an informed decision.

So, if you had been looking to invest in the emerging real estate opportunities at India, check out www.atoneplace.com. Information is key to any deal and for Real Estate this is so true. Studying opportunities at atOnePlace won’t hurt either, you’ll be glad you did. If you decide, you can approach atOnePlace™ for helping you to transact. Not only the marketplace showcases newer opportunities but also assists in transactions involved. Once you approach us, we assign you an account executive who then gathers your requirements and present to you best available options meeting your needs.We do not sell or push any particular Builder’s projects. If there’s any builder or project that you do not see on our platform, let him know. The account executive would furnish you with unbiased information about all the projects that include merits and demerits of the properties.

When you take into account all the positives and negatives of the property and finalize the property, the Account Executive or the Agent would inform the developer about your interest. You would receive the application form and the other documentations that maybe needed to book/buy that property. You’d send the form back to our office at Usa or India and forward the due payment either as a Check/Draft or wire them directly to the Developer at India. Once the payment is reeived, you’d receive a confirmation and an electronic copy of your receipts. The original hard copies would be couriered to you at the same time. Hereafter the account exeutive would continue to provide you with continuous uodates and answer any questions / concerns that you might have. Its is our endeavor to minimize the geographical distance that discourages one to invest in global marketplace.

Read more on: How can a customer buy using atOnePlace™ from overseas

NOTE: Fictitious names used, and any resemblance is co-incidental. All copyright & trademarks acknowledged.

www.atoneplace.com

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Realtors® – Selling beyond your geographic boundary.

December 9, 2006 at 7:37 pm · Filed under Agent, Broker, Brokergae, Builder, Commercial Property, India Real Estate, Indian Properties, Indian Real Estate, Marketing, Omaxe, Parsvnath, Pearls, Properties, Prospecting, Purvankara, Real esate, Reality Firms, Realtor, Referal, Residential Property, Selling, Unitech

Realtors® who are assisting homeseekers and homeowners to buy and sell homes in their residence country can now add Indian Properties without having to step out of their office.

You are a Realtor® living at USA, Canada, UK or any other International location assisting prospects to buy/sell homes there. You are aware of the booming Indian Real Estate Market and wish to expand your portfolio by offering properties from India to your clients. Perhaps you have even flown down to India, formed an association or two with Indian Builders to sell their projects internationally, but after the initial euphoria dies and when it comes to processing- Indian Service Level Standards don’t match your expectations!

If the situation sounds familiar, read on…The geographic distance appear to be the biggest hurdle in transactions- limited awareness of opportunities, process, market trends, time involved in prospecting, then managing applications, payments, receipts and post sales. Add to it the follow up for your broker co-operation and then repatriation issues are just not worth the effort for you to focus outside of your local market, be it USA, UK, Canada or anywhere else.

The anxiety of buying a home 10,000 miles away is far more than your customer who’s buying a home where he lives. The lack of back office support – a dependable framework is what lowers your trust in Indian Real Estate market. Operational issues – manintaining relationship with builders; staying informed of upcoming projects, market trends, local information; follow-up on your sales, documentation, receipts, development updates etc… cannot be handled from thousands of miles away without having a dependable framework.

“I tied up with a builder in NCR area to sell their properties over here in USA. I have a very good clientele which has a sizeable amount of Indian Customers. The problems I faced were too many after which I decided it was not worth my time” states a California Bay Area Realtor. She had quite an experience in trying to conduct the cross border transaction some out of which include:

    1. She had a PAN India customer base and so she needed a portfolio that included properties from almost everywhere in India and not just a handful locations.
    2. Indian Real Estate Market is booming. Pricing is very dynamic. Properties appreciate at a much faster pace than they used to a decade back. A couple of the leads she sent to the builder’s office got solicited directly by the Builder, a few of them walked out of the deal because they felt the price being quoted to them by the agent was different from the price being offered by the builder and some found out that there were some other opportunities to look at.
    3. Of the few deals that she managed to close, servicing them was a very time consuming and helpless position, because she had to depend on the support from the builder’s office tens of thousands of miles away.
    4. Finally, the repatriation of referral fees that she received wasn’t that smooth. There was a mysterious web of process and documentation to be submitted to RBI which served as an icing to the desert.

“I look forward to leveraging atOnePlace.com framework. I am quite excited about it. I firmly believe that there are tremendous opportunities to market Indian Properties here in US, but my experience has been, unless you have a dependable framework, its not worth the effort” she says.

So how can atOnePlace.com help Realtors to sell Indian Properties?
Simply put, atOnePlace.com is an online marketplace for Real Estate that has tied up or is in the process to tie-up with hundreds of Builders PAN India. The website has hundreds of new opportunities, both in Commercial and Residential projects, in almost every tier-1 and tier-2 city in India. Realtors like yours can be associated with atOnePlace.com and can leverage the framework to market Indian Properties. Pre and post sales support is handled by the back office support and servicing team at India and USA. All you do is use the tools, stay informed, and prospect. Once the deal closes, atOnePlace would send you a cheque in your local currency for the referral.

atOnePlace™ has launched its BETA services with a vision to bridge the gap of information, trust and service level standards offered by Indian Real Estate Market and International Clients expectations.

Read more on: How atOnePlace™ works for you-Realtor®

For any questions, contact agentenquiry@atoneplace.com

Some restrictions may apply. Check with atOnePlace office for further details. This is not an offer of real estate agency, nor a solicitation of an offer to sell, to agents of any state, province or country in which registration or other legal requirements have not been fulfilled. Check with local authorities and legal experts for any legal issues involved in marketing or prospecting international real estate. NO Federal or State agency has judged the merits or value, if any of any property. This promotional material is not intended to constitute an offering in violation of the law of any jurisdiction. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED OR QUALIFIED THIS OFFERING. All rights reserved.

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Cashing out of Indian real estate made easy for NRI’s

December 1, 2006 at 6:46 am · Filed under Agent, Bangalore, Builder, Delhi, Eastern India, India Real Estate, Indian Real Estate, NCR Region, NRI Related, Omaxe, Parsvnath, Pearls, Purvankara, Real esate, Realtor, Repatriation, Southern India, Unitech, Western India

Until recently, NRI’s holding properties in India had a lot of limitations to reap its appreciation. One of them being the lock-in of 10 years before any proceeds from the sale of immovable property can be repatriated (that too with a ceiling of $1 million). In a recent release by Reserve Bank of India (RBI), that limitation is being lifted.

What it means is a reason to rejoice for NRI’s looking to invest in the booming Real Esate of India. Simply it means that one can invest into immovable properties at India and can repatriate upto $ 1 million, yep, thats approximately Rs. 4.5 Cr per person in one financial year. This would fuel investments into this sector into India as India has been seeing a lot of consistent growth lately. The investor can now enter and exit quite easily.

Investors can now use services like www.atoneplace.com to stay informed of the available options, invest and repatriate – all as a one stop solution, in the Indian Real Estate Segment.

For news release: http://content.msn.co.in/Nri/nriians_191106_1226.htm


PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
Investment services and products are offered by atOnePlace.com or its partner companies, agents and developers. Though every care is taken to ensure completeness of data, One Place Infotech takes no responsibility whatsoever, on the accuracy of data. Prices are subject to change and are indicative only. Please check with the seller and applicable laws before making any investment decision. Early Opportinities or Pre-Launches or Options bear a significant risk and might not be legal as per prevailing law. One Place Infotech and its marketplace website, atOnePlace™ highly recommends customers check with local agencies, authorities and make a conscious decision. This piece is information is being shared with users of www.atoneplace.com based on reports by various news agencies. Kindly check with a professional tax advisor and a real estate professsional before making any investment decision. This is not an offer of real estate for sale, nor a solicitation of an offer to buy, to residents of any state, province or country in which registration or other legal requirements have not been fulfilled.

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