Travel India

- Opportunities
- Applicable Laws/Regulatory Policies.
- Tax Benefits/ Incentives
- Current Projections in the Budget.

I. INTRODUCTION.

Due to LPG policy particularly liberalized Foreign Direct Investments (FDI) regime the Indiaâ??s explosive economic progress has captured the worldâ??s attention and its property market has indeed emerged as one of the most appealing investment destinations for both domestic and foreign investors.

Indian Real estate is on the high growth path and the boom is mainly due to mall culture, multiplexes, hypermarkets and retail sector are growing in India and retail brands from all over the world are showing their keen interest to even setup their base in India especially MNCs apart from retail outlets coupled with rising demand for commercial and residential boosting the industry. It is expanding its wings even in remote towns. Leave aside metro cities, smaller towns have attracted construction activity from big developers. Shopping malls, skyscrapers and new infrastructures are shaping new India.

II OPPORTUNITIES

Indian real estate has huge potential demand in almost every sector especially commercial, residential, hospitality, healthcare, retail and industrial etc. This is growing at a dizzying pace of almost 30 percent each year. The bulk of construction activity – 80 percent is dedicated to housing, while the rest is commercial, including offices, malls, hotels and hospitals.
The Real Estate market is projected to grow to US$60 billion by 2010 at a CAGR of 40%
Several factors are expected to contribute to the rapid growth in Real Estate

Large demand-supply gap in affordable housing, with demand being fuelled by tax incentives and a growing middle class with higher savings. Increasing demand for commercial and office space especially from the rapidly growing Retail, IT/ ITeS and Hospitality sectors etc.

Investment opportunities exist in almost every segment of the business as per the estimates of Investment commission of India particularly in the following sector.

Over 20 million new housing units will require in next 4 years.

Office space for IT/ITeS: Five-fold increase in office space requirement over the next 3 years

Commercial space for organized retailing: 200 million sq. ft. by 2010.

Hotels & Hospitality: Over 40,000 new rooms in the next 5 years

Investment opportunity of over US$75 billion in will require in the next four years.

Working Group on Urban Housing pertaining to the 11th Plan made assumptions on unit cost of construction of houses in million plus cities and other urban areas for estimating the investment required for overcoming the housing shortage. The total estimated investment for meeting the housing requirement upto 2012 was estimated to be of the order of Rs.3,61,318.10 crores consisting of Rs.1,47,195 crores for mitigating housing shortage at the beginning of 11th Plan and Rs.2,14,123.10 crores for new additions to be made during the 11th Plan period (this includes construction of pucca houses & upgradation of semi-pucca and kutcha housing units.

Apart, India in the next two years period is estimated to require investments worth US$60 billion by 2010. This again has opened up opportunities for foreign investments in the realty sector. FDI liberalization in year 2005 has thrown open the lucrative parts of the Indian realty market to global investors.

Foreign Direct Investments in the real estate sector in India would also contribute towards making the sector more organized. Besides increasing professionalism in the sector, it would bring in advanced technology and help in the creation of healthy and competitive market environment for both domestic and foreign investors.

Real Estate companies have been successfully tapping the countryâ??s booming capital markets for funds.

Commercial office space requirement is led by the burgeoning outsourcing and Information Technology Industry. The leaders of the IT/ITES world have set up or are setting up their centers in India. Estimated demand from IT/ITES sector alone is expected to be 150mn sq.ft. of space across the major cities by 2010.

In residential sector there is housing shortage of 19.4 million units out of which 6.7 million are in urban India. High demand growth has led to prices doubling over 3 years in many cities.

The increase in purchasing power and exposure to organized retail formats has redefined the consumption pattern. As a result the country has experienced mushrooming of retail projects across the cities.

Growth is expected in the all following sectors and Foreign Direct Investment is encouraged and permitted these sectors subjected to certain conditions.

â?¢ Hotel Development
â?¢ Tourism

If you want to read article go to second part of this – Indian real estate investment policy India â?? Part II.

“Namaskar” … a greeting and nice magic welcome you upon arrival in the country, acknowledged with sincerity, hands clasped and head bowed. A journey to India is still today a true adventure and full of sentiments, a source of unforgettable memories that will remain eternally engraved in your memory. Hindi – This beautiful language is a reflection of a great country, and also distinguished depaysant one.

With a tour to India to learn Mughal and Hindu cultures that cover northern India a cloak of gold and brocade. India is the country of maharajas, palaces, violent colors and emotions. Discover Holidays in India on the incredible heritage that sprinkles these areas and let you to be mesmerized by the epic legends of India.

A stay in India will reveal a world of contrasts: market driven, captivating scenes of everyday life, temples and fairy-tale palaces where the history of Hinduism and Buddhism is enshrined forever in stone, diversity of a people each is to present the rites of his religion. During your Holidays in India you will see the palace of dreams and enchanted gardens, spectacular temples and houses decorated with frescoes, women in saris and skillful craftsmen, colorful markets and caravans of the desert, with music and eccentric traditions, dances and new technologies, India is gradually changing but remains just as enchanting!

During your tour to India, the “land of kings” has a thousand and one beauties over this glorious stay! The citadels of the palaces, the camel safari in the jeep, live dream in full.

In the north you will find the most beautiful monuments of the country: the magnificent Taj Mahal in Agra, the city of Fatehpur Sikri, Khajuraho temples and erotic sculptures and those of Bhubaneswar in Orissa. You can relax in the beach resorts of the west side, in Goa, while enjoying to visit religious sites like the caves of Ellora, World Heritage of Unesco. Mumbai is the capital of Indian cinema but also the financial and commercial pillar of the country. Victorian monuments located on the seafront are tourist attractions. Rajasthan is a colorful, traditional dress of the old castles Rajasthani powerful Rajputs of Jaipur as the pink or blue Jodhpur. Many travelers back traumatized by the vast poverty of the country but most returned to find the unique ambiance of India, filled with spirituality on spectacular landscapes.

Elegance and hospitality such cannot go overlooked or leave you indifferent. Holidays in India can point to other similar holidays: It is a story of love and passion … Visit after visit, you cannot forget India … more the ambiguity and beauty of India remain unexplored. India has everything you envision and more to discover.

With its delightful historical, cultural and geographical ambiance, Kerala is one of the most beautiful states of India and one of the prime tourist destinations in the world. Travelers from all over the world visit this beautiful Indian state no without reason. There is something for every tourist that grabs the heart of its visitors. Nature has endowed this state with extra-ordinary beauty. You will find lush green landscapes all around the state that offers a great feat to the eyes of its visitors. In whatever the part of the state you travel, it doesn’t matter; you will find amazing places of tourist interest all around the state.

Also known as the God’s Own Country, the Indian state of Kerala has numerous tourist spots and attractions to offer its visitors. Pleasant climate, sun-kissed beaches, breathtakingly beautiful backwaters, verdant hill stations, exotic wildlife, wonderful waterfalls, historical monuments, terrific temples, Ayurvedic health & Spa resorts, enchanting art forms, colorful & vibrant festivals, romantic houseboat cruise over scenic backwaters, lip-smacking cuisine, friendly people and lot more are waiting you and your family for Kerala tours. Exploring Kerala’s beautiful landscapes seems to be exploring the paradise. Rightly the National Geographic Traveler Magazine has declared it one of the ten paradises of the world and one of the top 50 must visit destinations of a lifetime. Surly, it will be a memorable travel experience.

Important tourist destinations of Kerala, South India

Munnar: Hill Destination

Munnar is a small but beautiful hill town of Kerala, set amongst the Kannan Devan Hills and situated at the confluence of three mountain streams – Kundala, Nallathanni, and Mudrapuzha. Adorned with lush green surrounding, lovely lakes, tea estates, green forests, and exceptional beauty Munnar is the prime attraction of every Kerala tour package. The serene and sheer ambiance of this hill town attracts even honeymooners and couples from all around the world for memorable holidays in Kerala, India. It also provides paragliding and other sports on Kerala tours. Other important hill stations are Wynad, Idduki, Ponmudi, etc.

Alleppey: Backwater Destination

Also known as the Venice of the East Alleppey (Alappuzha) is a major backwater destination of Kerala. It is a small but beautiful town of the state and globally famous for its breathtaking backwaters, boat races, houseboat cruise, exotic beaches, and extra-ordinary scenic beauty. It is not only famous for its scenic beauty and backwaters but also for marine products and superior quality coir products. Kerala package tours to Alleppey can make enable you to explore all these attractions. Other backwater destinations of the state are Kumarakom, Trivandrum, Kuttanad, Kollam, etc.

Fort Kochi

Popularly described as the Queen of the Arabian Sea, Kochi is one of the prime tourist destinations of the state. It is the famous port city of Kerala, South India. While you will explore Fort Kochi you will have wonderful opportunity to see and explore several places of tourist interest; such as, Chinese Fishing Nets, exotic beaches, emerald backwaters, monumental heritage, etc. The port city of Kochi, (formerly, Cochin) is considered as the economical capital of Kerala, India. Don’t miss opportunity to visit this important city of India on your dream tour to Kerala .

Kovalam: Beach Destination

Kovalam is one of the most beautiful and globally famous beaches in Kerala. Lined with coconut trees and endowed with natural splendor it is the excellent place of for relaxation and holiday making. It provides excellent ambiance for sun and sea bathing. Ayurvedic treatment center is another attraction of Kovalam. Other beach destinations of Kerala are Fort Kochi, Marai Beach, Alleppey, Beypore, Kumarakom, etc.

Thekkady, Silent Valley, Trivandrum, Kottayam, etc are other worth visiting tourist destinations of beautiful state of Kerala. If you too want to enjoy fascinating charm of the Kerala, select Kerala tour packagebased on your choice and theme and be ready for enjoying fascinating travel and tourism in India.

Kerala is located on the tropical southwestern coast of India. One of the most popular tourist destinations, Kerala attracts tourists from around the globe. Kerala Tours offer a plethora of options, in a culturally rich, naturally salubrious and spectacularly captivating setting. The state has endowed with extraordinary natural beauty and unique culture.

Kerala’s art and architecture, ayurveda and spa, beautiful hill stations with great nature beauty, exotic backwaters, breathtakingly beautiful beaches, lovely lakes, magnificent monuments and temples, nature revitalization and therapy, rich culture and tradition, rare flora and fauna, world class hotels, warm hospitable smiles from its people all these things make this state world’s most loved tourist destination. Truly, an experience of tours in Kerala is something that will be hard to forget. You can experience all of this with your Kerala tour package.

Rich varied and colorful flora and fauna of the state will enthrall you on your Kerala Tour. For nature lovers and honeymooners, beautiful hill stations of the state are paradise on earth.

Kerala backwaters are extremely popular among tourists. Travelers from all over the world honeymoon tour Kerala for experiencing the beauty and charm of its backwaters and beaches. The best way to experience backwaters is to sail in houseboats which provide an excellent opportunity to see palm-fringed water passages, rice fields, traditional villages and captivating surroundings. Several Kerala tour packages provide an opportunity to experience the nature at its best at Kerala backwaters. Beautiful sun-kissed beaches, dotted with coconut trees are a great getaway.

There are several Kerala tour packages available catering to different tastes and needs. Package tours to Kerala enable you to customize your experience of Kerala. All the tours mentioned below include Kerala packages and some also take you to Goa, so you can travel along India’s West coast and enjoy its beauty on your Indian Holiday.