Remington Financial Group is Now Investing in India

Remington Financial Group, Inc - Investing in India

Remington Financial Group has forged a solid reputation as an investment banking company. Since 1993, Remington Financial Group has secured capital and offered financial services to business, real estate and development/construction projects worldwide.

Remington Financial Group's services include origination, evaluation, structuring and preparation of finance packages, negotiation assistance, and placement coordination along with closings. Internationally, Remington Financial Group generally handles transactions over $5 million, though projects have run into the tens of millions.

Remington Financial Group employs a distinctive, highly disciplined transaction method that differs from most conventional processes. Each transaction is expertly customized to help clients gain maximum benefit from Remington Financial Group's unique brand of integrated financing.

Remington Financial Group's track record of successful transactions includes real estate, land development, hotels and resorts, and corporate transactions, all of which serve to demonstrate the effectiveness of the Remington approach.

Remington Financial Group has experience with international deals, as well. With our track record of financing construction, real estate and development projects across the United States, along with the demand for commercial financing and increasing investment opportunities available, we have extended our presence to India.

Some examples of Remington Financial Group's successful projects outside of the U.S. include $9.5 million in financing for the construction of luxury condos in Costa Rica and $1.2 million for the purchase of an apartment complex in Canada - both at 85% loan to cost. Our Sonora, Mexico office managed a $15-million land financing project, which we secured for the development of a planned 600-unit residential community in Baja California Sur. In the same state, a Remington investor provided $40 million in land acquisition and development financing. We also arranged for $16 million to be supplied via a Remington investor to acquire and develop a luxury hotel in Sonora.

Why Invest in India

Reliable estimates indicate that real estate in India is a $12 billion dollar a year industry that has enjoyed a growth rate of about 30% per year over the last decade or so.

This trend looks to continue apace into the foreseeable future, with major hoteliers developing properties, and major investment firms looking to tap into the travel and tourism industry boom.

Nearly 80% of the real estate market in India is made up of residential properties, with the rest spread out among offices, shopping malls, hotels, hospitals, and the like.

Off-shoring business, including high-end technology consulting, call centers and software programming houses have formed the bulk of this double-digit growth, and for the 2003-04 fiscal year occupied over 10 million square feet of real estate development.

Each Indian rupee invested in housing construction adds INR 0.78 to the gross domestic product. The real estate sector is also contributes to the development of over 250 other auxiliary industries. The rating agency ICRA has conducted a study that ranks construction industry 3rd among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.

At the moment, a number of factors make Indian Real estate a favorable investment. The Indian government has begun to move at a rapid pace to improve the country's infrastructure.

Real estate companies that can successfully maximize their own performance and operational efficiency will be poised to reap the benefits of the double-digit growth within the markets.

The real estate sector is one of the largest employment generators in India, second only to agriculture. India's foreign direct investment is at an all time high and exceeds all other neighboring countries. Additionally, India's stable political climate makes it a better target for long-term investment than many of its neighbors.

Major institutional investors like AMB, Hines, ING, JP Morgan, Merrill Lynch, and Prudential have already made considerable commitments in Indian real estate.

U.S. buyers continue to be confident in buying Indian real estate since Indian properties continue to be a much better value than comparable properties abroad. Also, property taxes are very low in comparison to the US and Canada, and growth rates are unbeatable.