International Real Estate Investment Is Still The Best Investment Option For Rental Returns

No.PR-152 July 1, 2020 New Delhi International Real Estate Investment Is Still The Best Investment Option For Rental Returns The International Affairs & Trade Fair Committee, PHD Chamber of Commerce and Industry organized a Webinar on GRE Live - Global Real Estate Expo 2020.Interactive Session on Future of International Real Estate Post Covid -19 on 30th June 2020. Ms. Mona Jalota, Founding Principal, Krypton Global Investments, shared her views on International Perspective of the Real Estate Market and mentioned Indian market, in the past 10 years has seen a lot of maturity of thought coming from the Indian investor’s side and the international real estate market has understood that the need of the ultra HNI in India. She mentioned that diversification of portfolio is important and it’s important to have the money invested in different markets. She also mentioned that even though Covid-19 has affected all of us, still this the market is rising and growing in terms of attracting investments and there will be a lot of players from overseas approaching the Indian Investors with tailor made solutions, keeping the tax and other legalities in mind. Mr. Sahil Kapoor, National Head - Franchisee at 360 Realtors LLP mentioned in the last decade a lot of investors have explored and finally realized that there is a place other than the home country that can be invested in and people have realized gradually that Indian Real Estate in comparison to International real estate in terms of pricing is almost at par and in fact some of the major markets like Mumbai, Bangalore, Delhi are more expensive than the International investments. Mr. Syed Irshad Rahman, Head Of Sales, Damac Properties Dubai mentioned that Dubai opens up the real estate market to international investors by generating a high return on investment (R.O.I.) while offering investment safety apart from having business and investment-friendly platforms benefits such as tax free regime, safety and education, guaranteed rental income plans to attract global investors. He also highlighted that there is increase in trend of consumers looking for villas/townhouses has continued post lockdown. Mr. Anuj Sethi, Founder and Managing Director, AS Professional Advisory Limited, UK spoke about raising finance to buy property in the UK. He dwelled upon 2 case studies highlighting Indian based investors who are looking to acquire an apartment for investment purposes and mentioned about the loan structure with a cash deposit held on account by the Bank to protect themselves against any property vacancy risk. He also added that In the UK, property investment loans for “Commercial Real Estate” are typically for 5 years or less and do not require the full loan to be repaid during the long term. He mentioned for Indian based investors who are seeking to acquire commercial property in the UK it could be either retail or office space and mentioned about the loan structure with a cash deposit to ensure loan that can be serviced throughout the long term. Mr. Kamlesh Rajput FCCA, Founder and Managing Director, Sterling Finance [UK] Limited, while addressing the gathering highlighted on the taxation regime prevailing in the real Estate sector in UK. He further elaborated on the various taxes affecting the Real Estate sector such as Stamp Duty Land Tax, Capital Gain Tax, Income/Cooperation Tax, Inheritance Tax. He also highlighted the various stakeholders and the roles played by each of them in financing of real estate in UK. Mr. Nimit Soni, Director, Virtual MNC, while addressing the gathering shared his views on Virtual Prospective on International Real Estate and showed few glimpses of Exhibitions/Events were being organized in Pre Covid-19 situation and shared the advantages of Virtual platforms in Post Covid-19 scenario. He also mentioned that the look and feel of Virtual platforms are as similar to physical exhibitions/events and gave a detailed demonstration of a platform created by his company Virtual MNC. Mr. Pradeep Multani, Vice President, PHD Chamber of Commerce and Industry while welcoming the distinguished guests and thanking the sponsors shared his views on how the Pandemic has impacted the international investments. He mentioned that India ranks 12th and had approximately 5,986 individuals who have invested abroad in 2019, the numbers are likely to reach 10,354 by 2024. The underlying principle behind the trend is primarily due to growing affordability and reach of the International Property market. Mr. Naveen Seth, Principal Director, PHD Chamber of Commerce and Industry moderated the session and also gave formal vote of thanks. AS Professional Advisory Limited was the webinar partner. The session witnessed the presence of 70+ Participants from across the globe including MC Members, PHD Chamber of Commerce and Industry. Ends Media Division PHD Chamber of Commerce and Industry