http://knowledge.wharton.upenn.edu/india/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2007 The Wharton School of the University of Pennsylvania Thu, 23 May 2013 00:00:00 EST Thu, 23 May 2013 10:01:09 EST http://www.wharton.upenn.edu/globals/images/katw_white.gif http://Knowledge.wharton.upenn.edu/india/category.cfm?cid=8 125 45 Knowledge@Wharton Real Estate Research Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4712 Getting a housing loan in India is not easy for low-income consumers. Typically, mortgages require a lot of documentation, which this group is not able to provide. Gruh Finance, India’s first specialized rural mortgage entity for the underserved and informal sector, is trying to fill this gap. With more players entering both the low-cost housing and the housing finance space, there is now more opportunity as well as more competition for Gruh. Tue, 20 Nov 2012 10:59:39 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4707 There is huge demand for affordable housing in India. But supply is constrained primarily because of government policies. The traditional business model is also geared more toward premium housing. Analysts say that the affordable housing segment needs a different approach and, if all stakeholders work together, it could be a viable business proposition. Thu, 18 Oct 2012 10:24:25 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4448 The Indian economy is "like a car from 15 years ago," according to Aniruddha Joshi, executive director of U.K.-based Hirco Group, a developer of residential properties and mixed-use townships in India. Lacking the modern, highly complex asset securitizations that have sunk developed economies, its moving parts are still recognizable and easy to fix, he says. During an interview at the recent Knowledge@Wharton Real Estate Forum, Joshi discussed how the country's real estate market has fared over the past year, and what lies ahead for Hirco and real estate investors. Thu, 11 Feb 2010 15:53:46 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4449 Following the introduction of the State Bank of India's Easy Home Loan a year ago, more than 20 banks and housing finance companies have introduced so-called "teaser" loans. These offer borrowers low interest rates and monthly payments for an initial period of two years, later ballooning to higher amounts. The banks claim these marketing tactics are helping stimulate demand for mortgage loans. Meanwhile, the Reserve Bank is worried about the risk such loans pose to borrowers and the quality of banks' assets. Some banks are taking notice -- Canara Bank, Union Bank and Axis Bank have decided to end their teaser loan programs. India Knowledge@Wharton examines both sides of the debate. Thu, 11 Feb 2010 15:53:46 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4329 Indian business's voracious appetite for land to support rapid growth is running up against farmers determined to get top dollar for their acreage. One conflict recently got so messy in West Bengal that Tata Motors pulled up stakes for its planned Nano plant and will now relocate it in Gujarat. Behind the disputes lie outdated laws and the lack of any pragmatic negotiation structure that might give both sides more of what they want. Experts tell Knowledge@Wharton that a comprehensive set of ground rules may finally be on the way. Thu, 30 Oct 2008 14:35:19 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4322 Real estate stocks have been hit hard during the current stock market meltdown. In addition, home prices have fallen by as much as 25% in certain urban markets. This is a new phenomenon in India, where boom and bust cycles in property markets have rarely occurred in the past. Rising interest rates and loss of jobs in the financial sector are squeezing demand, and home foreclosures have begun in some areas. Will the hard times continue? According to real estate experts interviewed by India Knowledge@Wharton, despite the present slowdown, sound reasons exist for optimism in the long run. Thu, 02 Oct 2008 16:24:04 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4196 Drive through any of India's major cities and it will be impossible to go a mile without encountering brightly colored cranes and hordes of construction workers. Commercial high rises, residential townships, industrial parks and shopping malls are exploding into existence, fueled by both long-term and speculative investors. But astute industry watchers are poking holes in that picture, pointing to the relatively small size of actual investments, sharply reduced expectations of returns and continuing concerns about the country's regulatory environment. India Knowledge@Wharton spoke with foreign and domestic private investors, property developers and brokerage firms about these issues. Wed, 30 May 2007 20:01:10 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4120 While foreign capital rushes into the Indian real estate market, the long-term future of the industry lies in the hands of Indians themselves, according to Surendra Hiranandani, founder of the Mumbai-based Hiranandani Group. He spoke with India Knowledge@Wharton following his appearance on a panel about "Global Hot Spots" during a meeting hosted by Wharton's Samuel Zell and Robert Lurie Real Estate Center. Thu, 16 Nov 2006 16:43:37 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4106 Government policy changes that allow 100% foreign investment in property development and the lure of double-digit returns have made Indian real estate an attractive opportunity for U.S. institutional and high-net-worth investors. What's a trickle now by global standards promises to increase in flow as firms such as Goldman Sachs, Morgan Stanley, Merrill Lynch and GE are either investing in Indian real estate or doing due diligence into potential ventures. Caution, however, tempers their optimism. Their worry list includes issues such as getting comfortable with local partners, exit options, realistic pricing, market intelligence and receding rates of return, say experts from Wharton and elsewhere. Tue, 31 Oct 2006 19:02:52 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4091 The commercial real estate market has been on a tear in the last few years. Banks, insurance companies and institutional investors have funneled money into the market because its returns, in an environment of low interest rates, exceeded those of other asset classes. As interest rates begin to climb, how will that situation change? Experts discussed those issues at a recent conference on Innovation and Risk Management in Real Estate Markets organized by the Wharton Financial Institutions Center and Mercer Oliver Wyman. Wed, 12 Jul 2006 17:28:21 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4092 When Severe Acute Respiratory Syndrome (SARS) broke out in Hong Kong in 2003, some media outlets predicted economic calamity for the city. But by one financial measure -- real estate prices -- Hong Kong hardly suffered, according to research by Grace Wong, a Wharton real estate professor. In two papers titled, "Has SARS Infected the Property Market? Evidence from Hong Kong" and "Is SARS a Poor Man's Disease? Socioeconomic Status and Risk Factors for SARS Transmission," Wong looks at SARS' impact on real estate values and analyzes the role of income in determining who contracted the disease. Underlying her research is the recognition that in a global economy, infectious diseases such as SARS will likely spread farther and faster as people travel all over the world in search of new business opportunities. Wed, 31 May 2006 14:49:23 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4093 These are blissful times for commercial real estate investors. Having fallen into a deep slump with the ending of the Internet boom, the market has come surging back. In 2004 alone, prices rose 26% for apartment complexes, 21% for industrial properties, 14% for retail properties and 6% for office buildings, according to Real Capital Analytics, a New York real estate research firm. At the same time, however, a number of major institutional and private investors have been selling off large chunks of their portfolios of prime commercial real estate and putting the sale proceeds into less expensive real estate or into other assets entirely. Wharton experts and others look at real estate's revival as well as its risks. Wed, 27 Jul 2005 16:50:59 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4094 There’s no question that e-commerce has changed the demand for real estate. Consider Amazon.com which has no presence in malls or shopping centers but last year searched for one million square feet of warehouse space in New Jersey alone. It’s just one example of the new opportunities that the Internet can offer real estate developers who are logged into the e-commerce landscape. A recent Wharton Real Estate Center membership meeting discussed the synergies between real estate and the Internet. Thu, 20 Jan 2000 16:54:24 EST Real Estate http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4095 What do you need to know if you want to build a five-star hotel in Baku? Thomas Pritzker, chairman of Hyatt Hotels and Resorts, spoke about the promises and pitfalls of investing in the global real estate market at a recent conference organized by Wharton's Zell/Lurie Real Estate Center. Other issues that came up for discussion: The future of commercial mortgage-backed securities, the impact of technology on real estate, and value creation in real estate. Wed, 04 Aug 1999 13:54:32 EST