Travel India

Indian Airlines believes in principles of – one imparts a world class services to the customers at affordable prices and two, highest flight availability services. Basing Indian airlines schedule operations on the first mantra, Indian Airlines has taken a bag full of measures like connecting to all the important cities and towns of world, flying and comfortable time slots, selling online Indian airlines tickets at very affordable prices, serving the passengers with best in-flight, , Indian airlines schedule services and on-ground services through their well trained staff and keeping a fleet which is maintained and meets security measures at par with world class parameters. It would not be an exaggeration to say that this line of mantra has contributed in achieving new heights in flight availability services and winning new awards and prizes for the Indian Airlines.

A number of additional  has been started also keeping in mind the summer vacation. Those who are keen to visit their friends, acquaintances, family or even to visit the tourist places could purchase Indian airlines tickets in the increased flight availability to various destinations. The really cheap Indian Airlines air ticket would make the entire trip more joyful and hassle free as there would not be any problem for flight availability. The more adventurous travellers could catch even the last minute flights & book Indian airlines tickets to their choice destinations through a flight travel agency.

The foreign travellers visiting India and travelling on low price airline tickets seldom have relevant information related to tourist’s destinations in India. At this point, they become aware through a flight travel agency where they do flight tickets booking in flights & book economy airline tickets online. On top of it, flight travel agency could also help book hotels & cabs in advance before landing on Indian land. As the number of visitors who visit India, are increasing day by day, the demand for low price Indian airlines tickets are also bound to rise & dependency on a flight travel agency is also bound to increase.

- 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.

Indian came into being with the enactment of the Air Corporations Act, 1953. It was renamed Indian on December 7, 2005 from its earlier name Indian Airlines. Indian Airlines started its operations from 1st August, 1953 with a fleet of 99 aircraft and was the outcome of the merger of seven former independent airlines namely Deccan Airways, Airways-India, Bharat Airways, Himalayan Aviation, Kalinga Air Lines, Indian National Airways and Air Services of India. The year 1964 saw the Indian Airlines moving into the jet era with the introduction of Caravelle aircraft into its fleet followed by Boeing 737-200s in the early 70s. Along with its wholly owned subsidiary Alliance Air, it flies a fleet of 70 aircraft including Airbus A300s, Airbus A320s, Airbus A319s, Boeing 737s, Dornier Do-228, ATR-4, Airbus A319, A320s & A321s. Alongwith Indian cities, it flies to many foreign destinations which include Kuwait, Singapore, Oman, UAE, Qatar, Bahrain, Thailand, Singapore, Malaysia, Myanmar besides Pakistan, Afghanistan, Nepal, Bangladesh, Sri Lanka and Maldives

Indian Airlines’ free run over the Indian skies ended with the entry of private carriers after the liberalization of the Indian economy in the early 1990’s when many private airlines like Jet Airways, Air Sahara, East-West Airlines and ModiLuft entered the fray. The entry of low-cost airlines like Air Deccan, Kingfisher Airlines and SpiceJet has revolutionized the Indian aviation scenario.

Indian has been a pioneer in the aviation scene in India. It was the first airline in India to introduce the wide-bodied A300 aircraft on the domestic network, the fly-by-wire A320, walk in flights and easy fares. It flies to 76 destinations – 58 within India and 18 abroad. It has a total employee strength of around 19300 employees along with Alliance Air and carries over 7.5 million passengers annually, along with Alliance Air