Training program on Real Estate Investment by NIREM

Today’s real estate market offers considerable appeal to investors, with many individual and institutional investors competing for the limited number of attractive investment opportunities. But real estate investment is much different from other asset class and therefore present unique challenges. Interested investors must have the ability to source, identify and evaluate profitable investment opportunities and understand and execute the complex process of due diligence in order to develop a profitable investment strategy.

To address these critical issues, the NIREM Institute of Real Estate Management (NIREM) offers a one-day training program on real estate investment. This unique program on real estate investment explores the effective and smart approaches to achieving long-term success in property investment.

What Do You Get From The Program?

The program aims to develop basic competency among the participants to:

• Source, Identify and Evaluate suitable investment opportunity
• Calculate potential risk & return; Minimize risk
• Understand method and process of due diligence etc. 
• Understand how investment is made professionally.

On successful completion of the workshop, you should be able to:

• Make better investment decisions and
• Move quickly to select the best deals and negotiate the best terms with confidence.

Moreover, participants should feel confident in investing in any real estate project because of the newly found knowledge and technical skills.

Who Should Participate?

• High Net worth Individuals (HNIs)
• Existing real estate investors
• Investors from other sectors planning to diversify into real estate
• Individuals & Organizations wishing to invest in real estate
• Private Equity and Venture Capital Professionals
• Real Estate Finance & Investment professionals
• Real Estate Professionals
• Real Estate and Financial Advisors
• Wealth Managers, Asset Managers etc.

Faculty:

Faculty with rich background in real estate will take sessions in this program. Faculty members have practical and on-the-ground work experience of different aspects of real estate investment. Faculty members are senior professionals working with real estate funds significant exposure in different types of projects at multiple locations.

Further Information:

To know more about the program or to register, please get in touch with the Manager-Corporate Training & MDP at info@nirem.org or +91.782-788-4220. You can also visit www.nirem.org for more details.

Goldman inks $300m realty JV with Nitesh

MUMBAI: Wall Street bellwether Goldman Sachs is set to invest $300 million (Rs 1,850 crore) in a joint venture company floated by listed developer Nitesh Estates, which will own and operate commercial real estate assets in India, people directly aware of the matter said.

Goldman will hold 74%, leaving Bangalore-based Nitesh Estates with 26% in the JV entity with plans to acquire rent-yielding office parks, shopping malls and luxury hotels, sources added. The impending deal is a proprietary investment from the Goldman Sachs balance sheet which has assets estimated at over $900 billion.

It joins a growing list of marquee global investors like Blackstone, Brookfield Asset Management, Qatar Investment Authority and GIC of Singapore which have been buying into India's over 400-million-sqft commercial real estate market over the last few years.

India's services-led economy - the fastest growing in the world - has thrown up a stable market for income-generating commercial real estate, giving investors a chance to list these assets through real estate investment trusts (REITs). These trusts are listed entities holding income-generating real estate assets from which earnings are distributed to shareholders. The Indian market regulator came out with REIT guidelines last year to help real estate and infrastructure developers list their rent-yielding assets, and providing large and small stock market investors with an inflation-indexed product.

Goldman Sachs is partnering with the first-generation entrepreneurial company Nitesh Estates, founded by 37-year-old Nitesh Shetty, to create a platform of assets worth almost $1 billion in the next few years. The still unnamed JV, on which a battery of top lawyers are completing due diligence, is expected to employ leverage financing of up to three times the equity commitment to go on a shopping spree.

Shetty, who built India's first Ritz Carlton Hotel, has in the past worked with several big global investors including Och-Ziff, Apollo Management and Citigroup. When contacted, he declined to comment on speculation. Goldman Sachs, too, offered no comments on this story.

Last week's Union Budget provided some tax clarity on REITs even though certain structuring challenges still remain. Four Indian developers - Embassy Office Parks (Blackstone), K Raheja Corp, RMZ Offices (Qatar Investment Authority) and Prestige Group - are readying to list their assets, which could translate into at least a $20-billion REIT market in the next few years.

The Indian market would rival or surpass Mexico's REIT market, often cited as a successful new world experiment, launched three years ago and with a current market value exceeding $18 billion. New York, London and Singapore have hogged the limelight in developed market.

New York-listed Brookfield Asset Management, with real estate and infra assets worth over $200 billion globally, struck the single largest deal when it acquired the office parks of Unitech for $1 billion - $400 million in equity and $600 million in debt. Private equity giant Blackstone Group, too, struck office park acquisitions worth more than $1 billion in recent years in India.

Blackstone-backed Embassy Office Parks and Brookfield India, with 21 million sqft and 17 million sqft portfolios, are among the top five office landlords in the country.

DLF tops the list with around 30 million sqft.

While foreign investors have mostly invested in office buildings, that too specifically in 125-million-sqft IT SEZs until now, they are turning to the country's hotels and shopping malls which have remained undervalued or, in some cases, distressed assets for a while.

Vigorous Hiring Activity Anticipated in Real Estate, Finance & Insurance: Manpower Employment Outlook

Manpower Group conducted the Manpower Employment Outlook Survey for the first quarter 2015 by interviewing a representative sample of 5,108 employers in India.

Participants were asked how they anticipate total employment outlook at their location to change in the three-month that ends in March, 2015 as compared to the current quarter.

These employers are highly optimistic and report dynamic hiring prospects during the period January-March. Out of all the employers interviewed, 44% of the employers foresee an increase in hiring levels whereas only 3% forecast a decrease and 34% predict no change; the figures result in Net Employment Outlook of +41%.

As per the report, ‘Once the data is adjusted to allow for seasonal variation, the Outlook stands at +45% for the second consecutive quarter. Year-over-year, hiring prospects improve by 12 percentage points.”

The striking Feature of the report is that job seekers can expect the strongest hiring pace in finance, insurance and real estate since 3Q 2012 in the period January-March, 2015, as per the employers who report a Net Employment Outlook at +48%. Compared to the previous quarter, hiring intentions improve by 3 percentage points; the same is 12 percentage points stronger year-over-year.

The survey covers seven sectors. The overall key features of the report are:

Organisation-Size Comparisons: Employers in both Large and Medium organizations-size categories forecast payroll gains during the period. With an outlook of +45%, large employers indicate bullish hiring intentions whereas with +37% Outlook medium employers predict robust gains.

Regional Comparisons: Hiring levels is expected to grow in all four regions of East, West, North and South. However South and West regions report the strongest hiring intentions where Net Employment Outlooks stand at +46% and +45%, respectively. North based employers are also bullish on hiring intentions with an Outlook of 42%, which is 31% for employers in the East.

Sector Comparisons: Workforce gain is expected by employers in all seven industry sectors during the period Jan-March. However the most strong gain is expected in the Wholesale & Retail Trade sector where employers report a Net Employment Outlook of +54%. Vigorous hiring activity is expected in the Finance, Insurance & Real Estate sector and the Services sector with an outlook of +48% and +47%, respectively. At third place is Transportation & Utilities sector with an Outlook of +45%.

Get the complete report at manpowergroup.com/press/meos_landing.cfm.