Académique Documents
Professionnel Documents
Culture Documents
Surat is a port city in the Indian state of Gujarat. It is the ninth largest in India. The city
caters to a populace of approximately 4.9 million. The transformation of the city is slow
and steady but the past years have seen signs of revival and have given a boost to
property prices in Surat to new highs. A number of businesspersons and companies are
looking at Surat as a place of growth. As an investment destination, Surat offers nice
opportunities with a fair share of risk which is perhaps one of the reasons for investments
being limited. But, the scenario is likely to improve in very near future.
Commercial: Sumeet Industries, Surat based polyster yarn manufacturer, has forayed
into real estate development with plans to expand soon. The company may enter into a
joint venture with reputed property developer in Kandla Port near Surat. It will build
Kandla Port and over a million square feet near Surat.
Investing in Indian properties has become a common trend among affluent Non Resident
Indians (NRIs). Today, NRGs can largely be seen parking their money in the state. And,
they seem to be more interested in buying commercial properties.
Surat has seen group of NRIs making large investments in residential townships. These
investments are often routed through Mauritius to avail tax benefits.
Residential:
Buying residential property in Surat has become easier due to the proficient real estate
agents who know knit and grits of real estate market. Housing industry in Surat is
growing at a rapid speed. Investment in residential projects in Surat is bringing huge
profits to housing companies.
Retail:
Surat, the green city of India, witnessed its first glitzy shopping mall in June 2005 under
the name of Picnic Shopping Mall. It now serves as a landmark to the place. Its main
attraction is its low price than MRP. A number of retail projects have lined up to come up
in Surat.
Close on the heels are other smaller cities such as Vadodara and Rajkot which are
moving ahead in race. Pantaloon, a known name in retailing, has acquired a large space
of 1.7 lakh sq ft. at Panchwati crossroads on posh CG Road in Ahmedabad. The store will
come up near to an upcoming 50,000 sq. ft. Shopper’s Stop outlet which has tied up 1.3
lakh sq ft space near Rhino Circle in Vadodara and 1.1 lakh sq. ft. space in the well
known area of Athwa Lines in Surat for the establishment of Central Brand.
Piramyd retail too has signed up for properties ion Surat and Ahmedabad. Another
renowned retail chain of mobile supermarkets, Mobile Magic has opened five stores in
smaller districts of Gujarat including two new showrooms in Surat.
Ahmedabad based Bhagwati Banquets and Hotels Limited plans to develop a 100-room
five-star hotel in Surat near the City Pulse multiplex.
Hotel Project in Surat: Ahmedabad based Bhagwati Banquets and Hotels Limited is
drawing plans to build a 100 room five star hotel in Surat near the City Pulse and
Multiplex. The hotel will utilize a whooping investment of Rs. 77 crore; will feature
restaurants, conference facilities, health and sporting facilities and a business centre.
Mega Township: Again, the same builder, Pooja Corporation is planning to make its
presence in the city’s residential market stronger. Staying in step with the goals, the
company will develop a mega township ‘La Heights’ in Surat.
Abstract:
FDI in different states in India have increased steadily since the early 1990s when the
Indian economy was opened up to foreign investments. Delhi, Maharashtra, Karnataka
and Tamil Nadu are among the leading states that have attracted maximum FDI.
The status of FDI in different states of India, during the period beginning from the year
January 2000 to October 2006 corroborates the growth of Indian states in sync with the
Indian economy. Some of the states in India which have witnessed a massive upsurge in
FDI Inflows include Delhi (USD 6,780 million), Maharashtra (USD 5,650.1 million),
Karnataka (USD 1,876.1 million), and Tamil Nadu (USD 1,876.1 million). Other states
which are in the receipt of FDI Inflows in India include West Bengal, Gujarat, Haryana,
Andhra Pradesh, Kerala, and Uttar Pradesh.
FDI in Maharashtra -
Foreign Direct Investment on Maharashtra covers Mumbai, Dadra and Nagar Haveli, and
Daman & Diu. The total FDI Inflows in Maharashtra economy from January 2000 to
October 2006 was estimated to be around Rs. 25,685.45 crores which is approximately
USD 5,650.1 million.
FDI in Karnataka -
Foreign Direct Investment on Karnataka from January 2000 to October 2006 has
accounted for Rs. 8,485.38 crores which approximately comes to around USD 1,876.1
million.
FDI in Gujarat -
Foreign Direct Investment on Gujarat from January 2000 to October 2006 was estimated
to be around Rs. 4,112.73 crores which comes to around USD 898.8 million. Gujarat
ranks six in terms of FDI Inflows in India.
FDI in Haryana -
The total Foreign Direct Investment Inflows in Haryana, Delhi, and parts of Uttar
Pradesh has been estimated to be around Rs. 30,673.73 crores which is approximately
USD 6,780.0 million from January 2000 to October 2006. Haryana ranks first in terms of
receiving FDI Inflows in India.
FDI in Delhi -
Foreign Direct Investment Inflows on Delhi economy has been estimated to be around
Rs. 30,673.73 crores which roughly comes to USD 6,780.0 million from January 2000 to
October 2006.
FDI in Kerala -
Foreign Direct Investment Inflows in Kerala has also covered regions in Lakshadweep
and has been estimated to be around Rs. 339.77 crores which is approximately USD 75.1
million from January 2000 to October 2006.
New Delhi Delhi, Part of up and Haryana 220760.85 97848.07 138569.78 93542.60 266959.53
Rbi?S-NRI
5891.50 0.00 0.00 0.00 0.00
Schemes **
Grand Total 954815.27 503856.39 797355.63 1397687.77 975572.91