Varenyaa Presentation

Residential & Commercial

Property Consulting

Gurgaon, Delhi NCR - India

Brand ‘Varenyaa’

The word ‘Varenyaa’ is derived from the auspicious Gayatri Mantra. The literal meaning of the word signifies: the one who is ‘Praiseworthy’ or ‘The Best Among All’.

At Varenyaa Properties Pvt. Ltd., we aim to enliven this precise meaning of our brand name in every aspect of our work.

We resolve that:

• We shall excel at building strong customer relationships based on superior service, trust and transparency.

• We shall forge mutually beneficial relationships with our business partners, associates, channel partners and vendors.

• We shall strive to build lasting friendships with our colleagues at work, and carry the same compassion, warmth and energy into our daily work

2 © Varenyaa Properties Pvt. Ltd. All Rights Reserved. www.varenyaa.com

The Market Scenario

India is amongst the fastest growing economies in the world and with a burgeoning middle class, the economy promises to continue this scorching pace and generate wealth for the prudent investor.

It is interesting to note that as per one study, India has the worlds largest number of ‘High Net-worth Individuals’ and adding scores to the tally every year. At the same time, with rising incomes and affordability, there are millions of Indians buying their first homes.

It is only logical that real estate as an asset class has outperformed all other asset classes, including gold, in the past few years. There are compelling reasons to believe that this trend is set to continue given the huge demand for housing, offices & commercial spaces.


Key Growth Markets

It is nothing more than a myth that India is an agrarian economy. In fact, the services sector now accounts for more than 55% of GDP while the share of agriculture is down to less than 15% of GDP!

There is a migration of workforce from the villages and towns to cities in large numbers, and this has meant that the need for housing and employment in the urban areas is un-quenching.

Even to this day however, there a few centers of economic activity that attract the largest capital. The top few cities in India account for the lions share of all capital activity, and Delhi NCR surely occupies one of the top slots.

More particularly Gurgaon, with its proximity to the airport and the presence of the world’s largest corporations, has shown tremendous growth in population, skilled workforce and demand.


The Millennium City

India’s millennium city Gurgaon has a lot going for it.

• 300 of the Fortune 500 companies have a corporate presence in Gurgaon

• Almost all of Haryana’s IT/BPO business resides here

• More than 25 shopping malls are already operational

• 7 Golf courses are in various stages of commencement

• Top brands including Louis Vuitton, Chanel, Mercedes Benz, Audi to name a few, are raking in big bucks

• More than 75% of all FDI for Haryana flows into Gurgaon

• India’s first private metro rail is being built here


Little surprise then that Varenyaa Properties decided to set up base in Gurgaon to cater to the ever growing demand for truly professional real estate services!

Connectivity Gurgaon

It is interesting to know that everyday, more people travel from Delhi to Gurgaon for work than vice versa!

• Gurgaon is located about 15 KMs south of Central Delhi

• Less than 10 KMs from the Delhi International Airport

• Less than 10 KMs from Qutub Minar

• An eight lane expressway connects Delhi to Gurgaon

• A six lane road connects Faridabad to Gurgaon

• Delhi Metro ferries thousands of people to Gurgaon everyday

• Multiple entry points to Gurgaon make the commute easier

Many families are even migrating from Delhi to Gurgaon for better lifestyles in a metropolitan culture, cut down on travel time, larger living spaces and career opportunities!


Gurgaon Real Estate Trends

With over 2 million residents, up from just a few thousands two decades ago, it is no surprise that real estate in Gurgaon has seen tremendous growth – both in terms of quality of housing as well as capital values. If fact, Gurgaon real estate is perhaps the highest growth market in the country.

Consider this; as per one of the recent reports by NDTV, residential properties in Gurgaon have given spectacular returns in the past two years (2010 – 2012).

• Affordable segment properties appreciated 35% in Gurgaon as against 24% in Noida

• Mid segment properties appreciated 44% in Gurgaon as against 8% in Noida

• Luxury properties appreciated by as high as 76% in Gurgaon as against 10% in Noida

This is clear testimony to the fact that even within the NCR, there are locations that have displayed higher returns than the others. It is only logical then to extrapolate this to state that some pockets in Gurgaon would give better returns than others.

Source: NDTV Telecast, refer youtube video at http://www.youtube.com/watch?v=ykLdRGFpbzs


http://www.youtube.com/watch?v=ykLdRGFpbzs

Introduction - Varenyaa Properties

‘Small differences in initial conditions can yield widely diverging outcomes’

Varenyaa Properties is a professionally run real estate brokerage focused on the Gurgaon market. We are a research driven organization that believes in ‘understanding’ the market and helping align our clients’ investment objectives to drive superior returns.


• First up, we assure a non-intrusive but constructive dialogue to understand the objectives – be it the consideration to purchase a to-be home or an investment/divestment.

• Second, our internal processes are geared towards ensuring a systematic approach based on reasonably predictable course of events that shall help our clients make informed decisions.

• Third, we treat our first interaction with our clients to be just the beginning of a long relationship and we work hard towards ensuring a happy experience.

Analysis Based Advisory


Decision to buy a property purely on the

basis of project specifications is fraught

with avoidable risks. Careful research and judicious analysis can

lead to superior decision making and sound

investments.

Macro Trends Neighborhood

Physical Infrastructure

Upcoming /Existing

Projects in Neighborhood

Key Distances

Micro Market Activity

Upcoming /Existing

Social Infrastructure

Developer Profile &

Credentials

Scope for Future

Development

Project Scope & Positioning

Buying real estate is a fairly complex activity. Most buyers would rely on advice from family & friends on what to buy who unfortunately may not be the best informed source as well! Honest advise from a reliable source is key to buying what you need.

Leave the research to us, Team Varenyaa shall do all needed to get you the best advice!

* Illustrative depiction

Our Value System & Approach

The team at Varenyaa has lineage in Banking and Management Consulting besides Real Estate. This background gives us the unique position to approach real estate consulting with a structured approach.

The organization is run on robust processes geared towards building strong, trust-based relationships with our clients. As part of the real estate sector, unfortunately not really known for fair-dealing thanks to a few undesirable elements, Varenyaa Properties Pvt. Ltd. stands tall as an honest and transparent consultant, working towards the best interests of our clients.

• Seasoned professionals with impeccable backgrounds

• Process driven approach ensures we tick all the boxes

• Structured approach to investment advise

• Transparent and fair dealing

• Hassle free experience


NRI / PIO Investors - Acquisition

We shall try to address a few key questions often faced by NRIs (Non Resident Indians) & PIOs (Persons of Indian Origin) looking to take part in the Indian real estate story.

Important Points

• Permitted to purchase any number of residential and commercial properties in India. Not permitted however to purchase plantation/agricultural/farm house properties

• Permitted to sell/gift their residential / commercial properties to an NRI/PIO or a person resident in India

• Can fund the purchase from (a) remittances to India or (b) funds held in NRE / FCNR(B) / NRO account held in India

• Can avail housing loans in India for purchase of a residential property

• Repayment of a housing loan can be

– By way of inward remittance through normal banking channels

– By debit to the NRE/FCNR(B)/NRO account of the NRI/PIO

– Out of rental proceeds from such property

– By the borrower’s close relatives through their account in India


Source: RBI Website - http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#D1 * Please consult a qualified advisor for complete details

http://www.rbi.org.in/scripts/FAQView.aspx?Id=33

NRI / PIO Investors - Maintenance

Acquisition of a property in India is only the first step; maintenance of such property also throws up some questions that are useful to be aware of.

• NRIs/PIOs can rent out their property in India; there is no explicit permission required from the reserve bank

• Rental receipts can be credited to the NRO account or even remitted abroad subject to a limit of USD 1 Million per financial year

• NRIs/PIOs can continue to hold a property (including plantation/agricultural/farm house properties) even if the property was acquired as a resident Indian. The receipts from such property can also be remitted abroad from an NRO account subject to limit of USD 1 Million per financial year

12 © Varenyaa Properties Pvt. Ltd. All Rights Reserved. www.varenyaa.com * Please consult a qualified advisor for complete details Source: RBI Website - http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#D1


NRI / PIO Investors - Repatriation

It is important to be aware of the provisions for repatriation of funds from sale of the property even before an NRI/PIO may acquire such property in India

A) In case of a property acquired out of FOREIGN FUNDS i.e. inward remittances, repatriation of such proceeds may be permitted provided:

(i) the immovable property was acquired in accordance with provisions of the law in force;

(ii) the amount to be repatriated does not exceed:

- amount in foreign exchange paid for acquisition received through banking channels, or

- amount paid out of funds held in Foreign Currency Non-Resident Account, or

- foreign currency equivalent of the amount paid where such payment was made from the funds

held in Non-Resident External account for acquisition of the property; and

(iii) in the case of residential property, repatriation is restricted to not more than two such properties.

B) In case of a property acquired out of RUPEE FUNDS and/or loan is repaid by close relatives in India, the amount, including any capital gains, can be credit to NRO account.

(i) repatriation of such funds up to USD 1 Million per financial year is permitted.

(ii) documentary evidence supporting the acquisition & tax clearance / NOC from the Income Tax Dept

There is no lock in period for sale of immovable property or repatriation of sale proceeds

13 © Varenyaa Properties Pvt. Ltd. All Rights Reserved. www.varenyaa.com * Please consult a qualified advisor for complete details Source: RBI Website - http://www.rbi.org.in/scripts/FAQView.aspx?Id=33#D1


Our Services

Varenyaa Properties is in the business of consulting for real estate related services with a primary focus on GURGAON and the rest of Delhi NCR, India

We are confident that our assurance of top notch service levels in every interaction shall hold your attention and give us an opportunity to serve you!


Residential Sales

• Original Bookings

• Secondary Market Resale

Commercial Sales

• Original Bookings

• Secondary Market Resale

Leasing Services

• Corporate Leasing

• Ultra-Luxury Residential

At Varenyaa Properties, we seek to cater to our clients on the basis of sound advice and knowledge sharing. Visit our website to access a wealth of information and tools, geared to help you make an informed decision.

On our website…


We are confident you shall find our website insightful. Please feel free to ‘Post Your Property’ or ‘Post Your Requirement’. Do consider subscribing to our ‘Real Estate Alerts’.

Contact us to discover more! We look forward to hear from you!!

Details of Select

Projects

NRI Services

Home Loans

Gurgaon City Map

Area Calculator

EMI Calculator

Loan Amort Chart

Currency Converter

Knowledge & Information Tools & Calculators

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OFFICE:

201B, 2nd Floor, Corner Office,

Unitech Arcadia,

South City - 2, Sector 47,

Gurgaon, India – 122018

CONTACT:

+91 124 - 4212 933

+91 124 - 4212 934

[email protected]

VISIT:

www.varenyaa.com

http://www.varenyaa.com/

Varenyaa Presentation

Documents

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worlds largest corporations