The real estate sector Essay Example for Free

The real estate sector Essay ACKNOWLEDGEMENT A project is never an individual effort of a person whose name has appeared on the cover page. A successful project requires proper guidance, proper time, energy, efforts, patience and knowledge. First of all I am deeply grateful to Dr. Manjula Shastri whose help, valuable suggestions, encouragement and guidance helped me in preparation and writing of the report. I want to thank the staff of Piyush Group who spends their valuable time to give me the important data regarding my project. I would also like to express my gratitude to everyone who gave me the possibility to complete my summer internship report. This Project has given me an insight of the Real Estate Industry and the competition between different Real Estate Group. The completion of the Project has made me aware of the Research Procedures and the complexities that can arose during the process. EXECUTIVE SUMMARY In India, Real Estate business is believed to be a sale and purchase of the property on the market with the assistance of real estate brokers/agents. However with the entrant of large Real Estate Groups like PIYUSH, RPS INFINIA, DLF, ANSALS, SIKKA, OMAXE, SUPERTECH etc. the scenario has completely changed. The sector has now become well organized with the groups performing well in the sector. They are well established corporate who have  efficient marketing strategy for facing changing democratic and environmental scenario. Liberalization has given the real estate sector a very attractive approach for investment and growth. Moreover government has opened the path to FDI and Public Private Partnership (PPP) for major infrastructural and development projects in NCR. The NCR alone are the core of major real estate activity in India. Although infrastructure has been hit by rising input costs and delayed approvals, assest prices for residential real estate have recovered and grown over the past two years. The increase in residential assest prices have given to a prospective fizz, causing stagnation over the past two quarters. Various real estate players have the business strategy of capturing major market through their different commercial and residential projects in NCR (areas surrounding Delhi). Therefore cities like Faridabad, Noida and Gurgaon are the best place to live or to invest in it. TABLE OF CONTENT PARTICULARS Declaration Certificate Acknowledgement Executive Summary Objective and Scope of the Study Research Methodology Introduction Company Profile Current Scenario of Real Estate Business Growth Prospect of Real Estate Business in NCR The Major Players of Real Estate Business in NCR Competitive Analysis Conclusion Bibliography OBJECTIVE OF THE STUDY: The aim of this summer internship project is the study of Real Estate Sector  in NCR with reference to Commercial and Residential Projects and what is it’s over all impact on the changing Indian economy .This project will also put light on a changing trend and new area developing for realtors in NCR region with their price components both launching and pre launching price of the property. Objective 1: To study the current project of Piyush Group Objective 2: To study the growth prospects of Real Estate Business in NCR. Objective 3: To understand how one should go about selecting the Real Estate Projects. Objective 4: To study and do the competitive analysis of Piyush Group SCOPE OF THE STUDY This research is important to prospective real estate investor, students, entrepreneurs and developers who are having stakes in different small and mid size project in NCR. This may be of special interest to marketing students who would like to know more about the practical step- by- step side of marketing world, rather than only the theoretical aspects taught in business schools Research Methodology The methodology which was opted for the project is as follows: 1. Description of the Research This research on will consist of exploratory research as well as conclusive research. It begins with a hypothesis, and to arrive at a conclusion, which includes secondary data as well as information from case data and questionnaire. 2. Data Collection Methods The Sources of secondary data that are used are Libraries resource center Internet Sites Books, News papers, Magazines Journal Trade promotion council Organization The method of primary data collection is Questionnaires Direct Interviews 3. Field work The fieldwork in this project consisted of data collection through taking the interviews and getting the questionnaires filled up. 4. Analysis Finally interpretation will be drawn from the analysis of the information gathered Primary Data Secondary Data Analysis and Findings of Data INTRODUCTION Real Estate is often inaccurately taken as a profession. However Real Estate is a business, not a profession. Profession applies science, act or learning to the use of others, the profit to the professor or person applying it being incidental while business is engaged in making profit and the profit is to the one who is engaged in the business. But whether real estate is a business or a profession has no connection at all with the body of ethics governing it. Every business can be conducted upon a plane ethically as high as the ideals of any profession, and the men who have been conspicuously successful in the real estate business have attained success because they have applied to their business the highest ideals of commercial fair dealing. This does not mean that there is any ethical requirement for the seller or the purchaser to give away anything which belongs to him, or for either one to disclose to the other his necessity for selling or his requirements for buying; but the barg ain having been made, it is absolutely necessary that it be lived up to by both parties, according to its intent; and, if there be any doubt of the intent of the bargain as it is expressed in writing, that the spirit of the transaction be carried out rather than that the catch words of a written instrument should govern. Cases are  frequent of men who to their own detriment perform the thing which they have promised to do although not legally obligated, and the bigger and more successful the man who makes the promise the more surely will it be carried out. Important obligations are often incurred upon the mere promise of a well-known man to sell an important piece of property at a definite price, although no legal and enforceable obligation exist; and the promise is always redeemed if it is made by a man who knows the business, and it is redeemed not merely from altruistic motives, but also for purely business reasons. Divisions of the business.—the principal divisions of the real estate business are investment, operation and agency. These differ from one another according to the aims of the persons engaging in them and the methods by which those persons expect to make their gains. To conduct either of the first two divisions of the business, investment or operation, actual money capital is required. The most important capital in the agency business is the good will of its customers, and that can be marketed, increased and made very valuable for investment. Investment is the employment of capital in the acquisition of real estate or interests therein for permanent ownership or actual use of the person acquiring it. Operation is the employment of capital in the acquisition or improvement of real estate or interests therein for commercial operations. Agency is dealing in or with real estate on behalf of others. Investment in real estate is generally made for either of two purposes : (a) To derive an income, (b) To hold for resale in expectancy of an increase in value. Investment for income may be for one of two purposes, (1) The derivation of rental—that is, the direct return for the use of real property for definite periods, or (2) The obtaining of income through others upon money lent on the security of real property. COMPANY PROFILE Piyush group has ventured into a wide range of aspects of Real Estate and construction. In the Indian real estate state of affairs, Piyush Group is indulged in development of Integrated Township, Group Housing Projects, and Commercial Mall.  In the world of Piyush Group people get to enjoy the Harmony of Nature, the culture and the people together. Piyush Group is a diversified group with a major presence in real estate development, construction and financial services. This group, has over two decades of experience, a strong technical base and financial standing was accorded the ISO 9001: 2000 certification. A recognition of its focus on international standards. Time bound delivery and top level quality is synonymous with this group which has a projected turnover of US $ 450 million. From integrated housing projects to commercial projects to business parks, Piyush group has ventured into various facets of real estate and construction. In the Indian real estate scenario, Piyush Group is involved in development of Integrated Township, Group Housing Projects, Commercial mall cum Multiplexes, Educational Institutions, Corporate and IT Projects. In Piyush Group, where the vistas are endless, we stands beacon like, leading the way and in the process make an effort to change the way people dream about their homes and establishments. Piyush Group visualizes a project in every major city of the National Capital Region (NCR). Residential Projects on the anvil include Integrated Townships in Palwal and Bhiwadi and a world class Group Housing Project (Piyush Heights) is under speed development spread over 17.5 acres (approx.) located at Sec 89, Faridabad. Commercial projects including Upcoming Business Park Global i being designed by the renowned architect Hafeez Contractor located on Mathura Road, Faridabad. With plenty more in the offering Piyush Group stands for its motto To deliver quality beyond ones expectations. Core Strength The core strength of Piyush Group is its experience professionals who bring in unique mix together of business and technology skills that help the group  to know business issues and opportunities and to achieve measurable output. In a very short period Piyush Group has made a mark. This achievement that Piyush Group has achieved is actually the sources of inspiration which keeps them going. The motto of their growth is to deliver quality beyond ones expectations and consider in keeping intact the essence of life as growth. Professionalism and awareness to detail, right from planning to implementation is an in-built quality of the entire team of qualified professionals that make up the most valuable resource of Piyush Group. Efficiency and Integrity is the keystone of this organization where energy of youth rubs shoulders with wealth of experience reflecting the creativity and progressiveness of the organization. The main strength of Piyush Group is their highly qualified and seasoned professionals, experts and advisors. They have an approach to provide real estate solutions sterns from pure professionalism, through knowledge of market trends, technical knows-how, utilization of world class construction methods and equipment. Piyush Group wealth is a rich vault of experience which grows with each new project implemented. Dedicated to details the gtoup covers every inch from planning to implementation to after sales. And periodically invest in research and development to keep updating the knowledge of consumer insight, technology and construction for an unmatched leverage in forecasting and planning for the future with hallmarked quality projects that meet expectations in designs, amenities and convenience. The efforts have earned the group recognition for international standards, globally. Vision Mission VISION: Piyush Group foresees to transform dreams into reality. Its vision is to create residential and commercial establishments across all stratum of society and eventually facilitate to excel in the essence of life! The endeavor is to develop the lives and aspirations of people and enhance their quality of life and work. MISSION: To regenerate the essence of life To provide to customers needs of today and to percieve and provide for tomorrows needs. To provide value for money high returns on investment. To focus on strategic growth through existing and forthcoming projects. To stick on to internationally accepted benchmarks in real estate development and construction Principles Guidelines The Essence of Life: The core fundamental principle that governs our endeavors. And which simply defined translates into following: To formulate a cohesive effort in improving and inspiration of people. To provide to the needs of today to predict and provide for the needs of tomorrow. To give value for money high returns on investment. To support the virtues of transparency in dealings, honesty and integrity. To build long lasting relationship with business partners, clients and customer. To generate innovative real estate projects via a unique blend of business acumen, technology skills. To deliver the epitome of high quality on a timely basis. To our customers before our projects and not vice versa. Piyush Group Projects Group Housing Piyush Heights Commercial – Piyush Business Park, Piyush Global I, Piyush Mahendra Metropolitan Mall Group Housing Group Housing 1) Piyush Heights: Overview: Envisaged as an amalgam of world class infrastructure and aesthetic environs this Group Housing project spread over 17.5 Acres (approx.) located at Sec 89, Faridabad offers a combination of 1086 apartments. Facilities like a fully equipped gymnasium, clubhouse, swimming pool, etc. are luxuries that come with the offering. This residential complex promises peace of mind with it’s hi-tech security, power backup and still parking space. Salient Features Being designed by leading architect M/S R.K Associates Green Area Exotic Landscaping and open area Provision for visitors Car parking Surrounded by Prominent Educational and Health Care institutes Building Design for earthquake resistance Parking in stills and open Why to invest One of the most talked about project in Faridabad. It is situated in the Heart of Greater Faridabad; only 5 minutes drive from proposed Noida express way. Nearly 8 kms from South Delhi Best of the amenities being provided at a very competitive price Bank loan facility available Lot of corporate houses employs have also invested in our project Bank Loan facility Available from: Can Fin Homes Ltd (sponsored by canara bank), Duestsche Bank, DHFL Commercial Projects 1) Piyush Global I Overview A symbol of dynamism and growth, Globai I is a world-class IT Project at Faridabad. From an incredible architectural style to the breathtaking views outside, working here in intended for people who seek to be associated with a vibrant community of like-minded individuals. Its hi-tech offices exude sophistication and elegance, and provide a fitting ambience for those who enjoy being in the midst of all the action. Stay ahead of competition. Work better. Meet deadlines earlier. Make smooth transactions a daily routine. And to its end, Global I offers varied infrastructure which makes all this easily possible. Salient Features Centralised Air conditioning (Bluestar) 12% assured return on investment Strategically located at the Main NH-2 Total area of 3, 50, 000 sq.ft. (Approx) Designed by the renowned architect, Hafeez Contractor Proximity to the upcoming metro station . Only 20 minutes from the proposed Noida Expressway 25 minutes drive from Delhi* Hassel-free working environment Health Club Spa Cafeteria Centralised RO water supply 3 level basement parking Designed on the pattern of environment friendly green building NH-2 going to six lane soon IMT Faridabad is just 5 min drive Approx. 1km drive from Commercial sector -12 ATM 2) Piyush Mahendra Metropolitan Mall (Commercial Project) Overview A Joint venture with Sh. Mahendra Pratap Singh (Cabinet Minister – Haryana Govt.) The world of fashion brands cuisines beckons you, now bigger and better. Piyush group presents a magnificent investment opportunity in the industrial city of Faridabad, The MetropolitanMall. Designed to be the finest corporate and retail destination, The Metropolitan Mall is perfect for those who wish to invest in this booming real estate market Salient Features Centrally air-conditioned Electrical Lighting System- Remote Controlled Heat reflective glass to reduce air conditioning costs Specifications as per international standards Designed as per Vaastu Feng Shui 24X7 security systems with CCTV Two level basement parking Fire Detection protection system. An ambience of multi specialty Cuisine Food Court . Piyush Mall is surrounded by artfully landscaped natural green environment. Situated in heart of Residential area Very good location as NIT and other residential area is nearyby 3) Piyush Business Park Overview A new era in the Business World , Piyush Business Park is being designed by the world-renowned Architect Hafeez Contractor. Piyush Business Park has architectural marvel in glass and steel will be spread over an area of 2 lakhs sq. ft (approx.). and will be located on the Main Mathura Road, NH-2, Faridabad as figured in the road map displayed below. This business location promises to be the destination of corporate and business houses and will be  an amalgam of serenity and modernity. Piyush Business Park, a new ultra modern design of architecture consists of eight floors surrounded by artfully landscaped greenery with common basement two level parking for nearly three hundred vehicles. It will house MNCs like Insurance, Banking, FMCG, Consutling IT/ITES etc. The platforms and infrastructure supporting services are being carefully engineered and designed to provide the best quality of service at the highest levels of availability and in harmony with customer expectations and global standards. Quality construction material is being used which includes tiled floor finishes, stone countertops throughout the area. Piyush Business Parks will thus provide the most extensive and comprehensive portfolio of structured connectivity solutions available in the market today. Salient Features Electrical Lighting System- Remote Controlled. Heat reflective glass to reduce air conditioning costs. Specifications as per international standards. Designed as per Vaastu feng Shui . Hi-Tech commercial arena and world class futuristic amenities. 24X7 security systems with CCTV. Two level basement parking. Fire Detection protection system. An ambience of multi speciality Cuisine Food Court. Business Park Surrounded by artfully landscaped natural green environment. Dedicated space for auto car showroom Proposed Metro connectivity NH-2 going to six lane soon Current Scenario of Real Estate Business The crucial sector of our economy is the real estate sector as it has huge multiplier effect on the economy and therefore it is known as the big driver for economic growth. After agriculture, real estate sector is the second largest employment generating sector. It is growing at a rate of about 20%  per annum and this sector has been contributing about 5-6% to India’s GDP. Apart from generating a high level of direct employment the sector also stimulates the demand in over 250 ancillary industries such as cement, steel, paint, brick, building materials, consumer durables and so on. Since 2005, the Indian real estate industry has been on a roller coaster ride. There has been a boom in investment and developmental activities after the government’s policy of allowing Foreign Direct Investment (FDI) in real estate sector. The sector has witnessed the entry of many new domestic realty players and also the arrival of many foreign real estate investment companies including private equity funds, pension funds and development companies entered the sector lured by the high returns on investments. The real estate sector has also been through many highs and lows. The industry achieved new heights during 2007 and early 2008. In beginning of 2007, there was formidable growth in demand, substantial development and increased foreign investments. However, by mid 2008, industry took a ‘U’ turn due to the global economic slowdown and inflow of FDI into real estate dropped significantly which at one point of time was seen as one of the most promising markets for foreign investments experienced a downturn. Financial Support to the Sector FDIs attracted by the housing and real estate sector in the Financial Years 2007-08, 2008-09 and 2009-10 are 8.9%, 10.3% and 11% respectively, of the total FDI in India. However the financial year 2010-11 there was sheer 6% FDI in the sector. In the year 2010 the Indian real estate sector regained its charm after the darkness and recessionary pressures experienced in the year of global downturn. With the aim of focussing on ‘affordable housing’ the sector has crunched the financial downturn it has experienced. The sector still has the huge potential to attract FDI in its various segments. The focus on ‘affordable housing’ helped the sector tide over the financial crunch it had witnessed. There is no doubt that the sector holds huge potential to attract FDI in its various segments. The real estate sector requires joint support from both industrial sector and the Government to make further progress. On the one hand, the industry should work towards increased transparency, clear land titles, improved delivery and project execution while on the other hand the Government must provide fiscal  incentives to developers to build low cost and affordable housing for the masses and also review the existing FDI guidelines for investment and development in Indian real estate so that there can be an increase in the flow of foreign capital into the sector. Challenges faced by the Real Estate Industry The challenges that are faced by Indian real estate industry are as follows: Lack of clear land titles, Absence of title insurance, Absence of industry status, Lack of adequate sources of finance, Shortage of labour, Rising manpower and material costs, Approvals and procedural difficulties. Traditionally Real Estate sector was unorganized nowadays it is slowly evolving into a more organised one as the sector has started embracing professional standards and transparency with open arms. The Indian Real Estate sector has both majorly established domestic players and international players. Some of the examples of the major established domestic players in the sector are DLF, Unitech, Hiranandani Constructions, Tata Housing, Godrej Properties, Omaxe, Parsvanath, Raheja Developers, Ansal Properties and Infrastructure and Mahindra Lifespace Developers Ltd to name a few. International players like Hines, Tishman Speyer, Emaar Properties, Ascendas, Capitaland, Portman Holdings and Homex have made a name for themselves in India. The Road Ahead Since real estate reaching a point of saturation in developed countries and the demand and prices falling, global real estate players are looking at emerging economies such as India for tapping opportunities in real estate. Therefore Indian Real Estate Sector has a huge potential of consistent FDIs. As India has strong economic fundamentals and demographic factors so Indian real estate will stay attractive and also there is a high level of global uncertainty looming over the developed and developing nations of the world. Developed economies are still struggling to regain their growth momentum  which will allow developing countries including India and China to grow at a reasonably high rate. The opportunities in Real Estate sector in coming years will also help to attract global players to India and hence will assist the industry to mature become more transparent, improve management and adopt advanced construction techniques (Link 1). Growth prospect of Real Estate Business in NCR Real Estate business in NCR which is witnessing a setback these days will regain its lost momentum with the boost in the economy. Government is taking measures to capitalize on the capabilities of the real estate and infrastructure sector by supporting the private public partnership (PPP) model not only to boost the infrastructural activities in NCR also to bring back growth and to deliver to its citizens. The strategy involves contributions from public and private sector which will revamp the city’s environs. NCR is seemed popular as an investment destination as the destinations like Connaught place is emerged as the fourth costliest commercial office market in the world. Moreover the rental values in central business district (CBD) rose by 20 percent in one year mainly due to lack of availability of quality space, no new supply prevailing high demand. Commercial activity apart from Delhi CBD is mainly concentrated in the prominent locations of NCR (mainly in Faridabad, Noida and Gurgaon) enjoys superiority as a choice of business destinations. In addition to above, the new and the upcoming corridors along Gurgaon and Noida like Yamuna Expressway, Noida Expressway, Dwarka Expressway have led to tremendous increase in the Real Estate Projects both commercial and residential from all major real estate groups in the past few months and will continue to attract more players of real estate. The other major corridors like Faridabad-Noida-Gurgaon (FNG) Expressway, Southern Peripheral Road and Kundli-Manesar-Palwal Expressway are seeing prominent real estate projects developments and their popularity will also lead to more investment in NCR. Capital value of the residential realty market has also increased due to factors like amenities, travel time to commercial districts, connectivity to various parts of the city and quality of public transport and infrastructure. There has been 14 to 29 percent appreciation in residential property market of South-East Delhi, South-Central, Gurgaon and Faridabad in  a year. Rent is also showing stability across all markets in the last quarter (Link 2). Why Faridabad has a Greater Scope for Realty development Faridabad, an industrial hub of Haryana, is now considered one of the best bets for safe living in the NCR. With improving infrastructure, Faridabad has transformed into a booming economic warehouse, and, a recent study has projected this old industrial city as the countrys city of the decade 2011-21 (Link 3). Bibliography (1) http://www.ficci.com/sector/59/Project_docs/real-eastate-profile.pdf (2)http://articles.economictimes.indiatimes.com/2013-04-05/news/38306514_1_realty-market-noida-expressway-dwarka-expressway (3)http://articles.economictimes.indiatimes.com/2012-09-01/news/33535418_1_ncr-cities-service-industries-medium-and-large-industries

In Pride and Prejudice, Austen explores the conditions that will :: English Literature

In Pride and Prejudice, Austen explores the conditions that will allow for the right kind of marriage. Which of the marriages do you think she sees as likely to be the happiest, and why? In Pride and Prejudice, Austen explores the conditions that she believes are required for true happiness through different couples. The couples that she sees to have promising, long lasting relationships are portrayed through characters, which complement one another. She also shows how romantic feelings can overwhelm us. Couples where parties are in love with each other seem very happy, but even so, Austen shows us that this does not mean a long lasting relationship. Austen shows what she believes to be the contributing factors of a happy relationship with longevity, through how she portrays the main characters and their relationships. We are first introduced to Mr and Mrs Bennet at the beginning of the novel; it is their absurd personality clash that causes us to look for qualities in their relationship that could make a good marriage; their, seemingly, satisfied demeanours must not fool us into believing that theirs is a happy marriage. Unlike most other couples in the novel, we are able to see the results of time and its effect on their relationship. We can see, by the way Mr Bennet freely mocks and teases his wife about her 'poor nerves', that it is a regular occurrence and possibly has been for a long time. Mr Bennet had been 'captivated by youth and beauty' but Mrs Bennet's 'weak understanding and illiberal mind' prevented any long lasting affection. They show no signs of being in love at this stage; however, they both seem to draw vague contentment through compromise and small things. For example, when Mr Bennet proclaimed himself adamant not to visit Mr Bingley when his intentions were otherwise. Mr Bennet gets to have his fun and Mrs Bennet gets to have her daughters introduced to a 'young man of large fortune'. Their relationship is not explored much in the novel, we never read of much interaction between the two solely. Like Charlotte Bennet we see that Mr Bennet spends much of his time in his office, as Charlotte learns to cope by spending time in a back room to avoid her husband. It seems that even if their marriage was happy in its beginnings, it did not have the requirements of a happy long lasting marriage. I believe Austen thinks their relationship is comfortable but not happy. Perhaps the most peculiar, surprising marriage is between Charlotte Lucas and Mr Collins. We see nothing of a previous relationship before engagement, and the text suggests that there was none.

“My Papa’s Waltz” by Theodore Roethke Essay

â€Å"My Papa’s Waltz† by Theodore Roethke, is an intriguing poem about a memory of a boy and his father waltzing around the house. The ambiguity in this poem can lead to two very different interpretations. It can be seen as a child terrorized by an abusive father or a child having a playful romp with his father before bedtime. In this poem, Roethke uses metaphors, similes, imagery, and structure to make a strong impression on the reader. In the beginning, the speaker shows that he might not be having as much fun with the waltz as he would have thought. â€Å"But I hung on like death: / Such waltzing was not easy.† (line 4). Since the boy must hang on â€Å"like death†, it shows that the waltz is not just â€Å"not easy†. This line is also an example of a simile. The boy is hanging onto his father so hard that he is as inescapable as death. If the waltz in the poem is thought of as an extended metaphor for the relationship between the boy and his fa ther, the son could be writing that his entire relationship with his father wasn’t easy. As the poem goes on, the waltz gradually gets more and more difficult as well as his relationship with his father. In the third stanza, the father keeps missing steps and scratches the boy in the process. This could also be a metaphor for all of the mistakes that the father has made in real life which could hurt the boy in nonphysical ways as well. By using imagery in this poem, Roethke helps the reader to connect with the boy. One use of imagery in the poem is when the boy and the father â€Å"romp† around the kitchen. The word romp means to play roughly or energetically. The reader can see here that not only tha â€Å"My Papa’s Waltz† has a simple rhyme scheme of ABAB. Although the rhyme scheme helps with the flow of the poem, there are many slant rhymes that disrupt the flow as well. For example the word â€Å"dizzy† sounds very similar to â€Å"easy† but they are not perfect rhymes. Roethke also writes this poem in an iambic trimeter. Similar to the iambic pentameter which has a classic five beats per line, each line in the poem consists of three beats. Not only is the poem about a waltz, but it is becoming one as well since there are three beats in a waltz. This contributes to how a  person reads the poem as well as the tone of the poem.

Cultural Awareness Spain ( Spain ) - 1040 Words

Cultural Awareness: Spain Spain is a part of the European Union and makes up most of the Iberian Peninsula. Spain boarders the Pyrenees Mountains, which separates Spain from France and the Strait of Gibraltar separates Spain from North Africa. As of 2012, Spain has a population of about 47 million people, making it the 27th largest country in the world. Native Spaniards make up 88 percent of the population. Over the last 40 years Spain grew and became more economically advanced, but it still falls behind most other countries in Western Europe. Spain is mostly an agricultural country and grows large crops of wheat, barley, vegetables, olives, sugar, grapes, and corks. Spain is the largest producer of lemons, strawberries, and oranges in Europe. Spain is the number one producer of olive oil in the world. While there has been a lot of progress, not everything is good in Spain. Spain suffered a great deal in the recession that hit in 2008, as a result Spain has an unemployment rate of about seven percent. The Spanish-American War in 1898 between the United States and Spain resulted to American intervention. Spain was not a political country when the constitution was made in 1812, and by 1876 the development of the Spanish Empire led to the conversion of Muslims and Jews, which led to religious wars within the country. This also caused economic destruction and termination of succession, but there was a renewal of institution. The American war of Independence wasShow MoreRelatedThe World Becoming A Global Place For Conduct Business1187 Words   |  5 Pagesto help any of your employees who will be assigned to work in Spain. The following document only serves as a guide, and only provides the basic guidelines to Spain’s business etiquette. 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Both do not have the mindset of a global environment and do not think outside of their own experiences to better work in collaboration whenRead MoreAnalysis of Article: â€Å"Influence of Mass Media on Body Image and Eating Disordered Attitudes and Behaviors in Females† by Jordi Fauquet, et al.747 Words   |  3 Pagesinadvertently strains female adolescents’ personal self esteem. The majority of the authors’ who published this article studied in Barcelona, Spain. While some studies specify as being conducted in Spain, others provide general descriptions of females who participated in surveys, studies or experiments with no specific origin. With the authors’ research being conducted in Spain, their advertisements across the media may be portrayed differently than in the United States. This may influence the way the information

Analysis Of Private Equity Funds Essay Example Pdf - Free Essay Example

Sample details Pages: 6 Words: 1917 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Tags: Study Essay Did you like this example? A Private Equity (PE) fund is a fund which invests its money in private equity, usually to gain control over companies in order to re-structure the company. When the fund takes control of a company, it normally takes the company off the market (that is if the company is not private already), restructures the company, and then relists it on the stock market.  [1] A PE fund is raised and managed by investment professionals of a specific PE firm. Typically, a single PE firm will manage a series of distinct PE funds and will attempt to raise a new fund every 3 to 5 years as the previous fund is fully invested.  [2] PE is an asset class of equity shares that are not publicly traded on a stock exchange. Don’t waste time! Our writers will create an original "Analysis Of Private Equity Funds Essay Example Pdf" essay for you Create order It is medium to long-term finance provided in return for an equity stake in potentially high growth unquoted companies. Some commentators use the term PE to refer only to the buy-out and buy-in investment sector.  [3]  Others, in Europe, but not the USA, use the term Venture Capital (VC) to cover all stages of PE. In the USA, VC refers only to investments in early stage and expanding companies.  [4]  To avoid confusion, the researcher has used the term PE throughout this project to describe the industry as a whole, encompassing both VC and management buy-outs and buy-ins. Foreign VC funds have been permitted to operate in India since 1995. Indias PE sector has shown tremendous growth rates. To look at figures, there had been a dramatic increase in fund sizes from US $10 to US $25 million just a few years ago, to between US $400 million and US $ 1 billion in 2007 (before the global economic crisis). The average deal size was around US $25 million, as opposed to US $8 millio n in 2002. These figures clearly indicate the tremendous global interest in the Indian market  [5]  . In the course of the project, the researcher would first try to analyze the sufficiency/insufficiency of the law relating to the PE investment in India. Thereafter, the managerial structural set up of a PE fund shall be discussed. The researcher will then look into the advantages and disadvantages of PE investment, especially in regard to the Indian investment scenario. Regulation of the PE Industry in India Venture Capital Regulation Until 2000, SEBI only regulated the domestic funds vide the SEBI Venture Capital Fund Regulations, 1996 and there was no mechanism to regulate the foreign investors. This put the domestic investors at a disadvantage, especially since foreign investment in most sectors was through the automatic route (i.e. direct exposure by offshore PE funds in shares of unlisted companies was treated as a foreign direct investment and had to be approved in line with the Governments general policy on foreign investments). The Government realized the need to regulate the same. In September 2000, SEBI issued a new set of regulations applicable to offshore funds, called SEBI (Foreign Venture Capital Investors) Regulations, 2000 (the 2000 Regulations). The 2000 Regulations are based on the recommendations of the Chandrashekhar Committee on Venture Capital (January 2000). These regulations were subsequently amended a number of times. As of now, with respect to investment by a foreign VC investor, it is mandatory for the investor to disclose its investment strategy. Prior to the 2004 amendment, the investor was not allowed to invest more than 25 percent of the funds committed for investments to India in one VC undertaking. However, after the amendment, an investor can now invest its total funds committed in one venture capital fund. Another significant amendment was made to sub-clause c of clause 11. Before 2004, an investor had to inv est atleast 75 percent of the investible funds in unlisted equity shares of VC undertaking and not more than 25 percent while subscribing to an initial public offering (IPO) of a VC undertaking. The investments were also subject to a lock-in period of one year. However, subsequent to the 2004 amendment, the percentages have been changed to 66.67% in the first case and 33.33% in the latter. The amendment has done away with the lock-in period requirement and has also introduced a provision for preferential allotment of equity shares of a listed company.  [6]  However, currently there are no legal or regulatory differences between venture capital and PE firms. SEBI is considering the idea of regulating PE funds. Organizational Stipulations in a PE Fund  [7] PE funds have a general partner which raises capital from institutional investors, such as high net worth individuals, pension plans, insurance companies, endowments etc. These economically sound institutional investors invest as limited partners in the fund. This partnership is normally a fixed investment vehicle that is usually ten years in addition to some extensions. Also, a yearly payment has to be made by the investors in the PE fund to the funds manager to pay for the firms investment operations. Moreover, a relatively smaller share of the profits of the investments made by the fund has to be paid (as performance incentive) to the PE funds management company. The remaining profits are paid to the funds investors. However, this payment to the fund manager is subject to the crossing of the hurdle rate (which is the minimum rate of return which must be achieved before the fund manager can receive any carried interest payments). Advantages of PE funds Low Level of Regulati on As there is no public trading involved the regulation levels are low.  [8]  For example if one were to raise funding through a public offering one would have to satisfy several requirements under the SEBI. In addition to management benefits the current regulatory requirements have increased the desirability for many companies to either go private or postpone going public.  [9]  For example, especially in the USA, many business owners cite the costly, inflexible, and invasive disclosure requirements introduced by the Sarbanes Oxley legislation as reasons for forsaking publicly traded status.  [10] Attractive valuation PE transactions are an excellent way for owners wanting to remain private and obtain significant liquidity at an attractive valuation without having to transact an outright sale. In reality, not all PE investments are structured as complete buy-outs or even majority share purchases. Some investments are simply a capital infusion in exchange for a minor ity stake.  [11]  This is often referred to as growth capital as these investments help provide the necessary capital to get companies to the next level without having to turn to the public markets. All of these investments generally result in the PE firm obtaining a seat on the board of directors of the company. Functionally, this not only serves an important monitoring role but also provides added expertise to the board. PE firms either place their own primaries on the board or assign highly qualified business colleagues who provide valuable advice and perspectives. Additionally, since many of these appointees sit or have sat on multiple boards, they can provide the traditional advantages of inter mixing of ideas between companies to bring out better results.  [12]  In a typical PE transaction, the management team will still own a large percentage of the business through a combination of retained ownership and new stock options granted by the investor. Therefore, in three to seven years when the outside investor is ready to exit their investment, the management team will receive substantial additional value for the business.  [13] Low level of interference- In a typical PE transaction, all shareholder guarantees are eliminated and day to day control remains with the management team. While most investors prefer to purchase over 50% of the equity, they have no interest in running the business on a daily basis. In addition to providing liquidity for the selling shareholders, PE firms will provide additional debt and equity capital for internal and external growth opportunities  [14]  . In most PE dealings, the management team has tremendous expansion plans but does not have the resources. These expansion plans could include opening new branch offices, entering a new line of products or services etc. PE investors are more than willing to provide the resources necessary to execute such expansion plans that are strategically sensible. Disadvant ages of PE funds Lack of Liquidity- It is very hard to reconvert shares and this usually ends up as a disadvantage to share holders who invest in PE. It cannot be bought and sold at any time. Since PE funds are not open to investment on the stock market, anybody who wants to sell stocks of a PE fund finds it difficult to locate a buyer. Since PE returns derive from an appreciation in the value of the acquired asset or company, PE investments are often followed by efforts at restructuring to revive loss-making companies or substantially improving the performance of profit-making ones. These efforts are aimed at adding worth to the investment before PE investors exit with a profit. Less appreciated forms of intervention by PE firms are those in which bought out firms are stripped of assets or are broken up so that their parts can be sold to the highest bidder for an aggregate sale price that exceeds the purchase price. PE investments are relatively illiquid, especially in the ea rly years. The usual life of a standard PE fund investment averages three to seven years. Investors in private securities by and large exit their investment and get returns through an initial public offering, a merger, or a recapitalisation. Since the companies are unlisted, investors wishing to exit their PE holding do so by selling the holding to someone else through the secondary market.  [15] Control- One of the major disadvantages of financing through private equity is that the creators must give up some control of their business, which essentially means that in situations where investors have dissimilar ideas about the companys strategy, or routine operations, they can be problematic for the business man. Furthermore, some sales of equity can be very intricate and expensive to manage and may need complicated legal work and a great deal of paperwork to ensure compliance with various regulations, which may necessitate procuring the services of attorneys and accountants.   [16] Conclusion Private equity investment in India fell by almost sixty percent in 2009 as a consequence of the global financial crisis. However, looking at the state of investment prior to the crisis, and the kind of investment that has been flowing in after the markets have revived, the same is a clear indicator of the rapid expansion of private equity in emerging markets like India which have huge growth potential. However, the question that needs to be answered at this juncture is whether India is ready to handle such investments. The researcher suggests the affirmative in this regard, as there is sufficient evidence to see that the size of such investments has grown steadily, not only from domestic but also from foreign investors, over the last decade. The most recent examples of such investments involving massive infusion of capital would be Singapore-based Temasek Holdings investment worth Rs. 880 crore in GMR. Another example would be that of Summit Partners, a 25-y ear-old US based private equity fund (that has $11 billion under management), which made its first investment in India with an infusion of $30 million in agricultural biotech firm Krishidhan Seeds Ltd. In conclusion, the researcher would like to submit that the need of the hour is to ensure a smooth and transparent functioning of such private equity investments to facilitate their robust growth in India. With such rapid expansion in private equity there is a necessity for the regulation of the same. While venture capital is regulated by the SEBI there is a need to regulate all other forms of private equity by framing laws and regulations for the same.

My Favorite Experience In My Life - 1900 Words

As I pranced around my 8-year-old wonderland full of moon-bounces, water slides, balloons, and all the other magical things around me, I fiercely sang along to whatever 80’s song was being blasted on the radio. No one, besides Prince himself, can hit the Purple Rain high-notes as passionately as I can. But as I hear my â€Å"Dada† walk into the room, I immediately quiet myself down. â€Å"Daffy-doo! How do you do!† my Dada yells to me, to which I answer with an eruption of giggles. He didn’t seem to mind that I didn’t answer verbally because all he did was smile at me and continue on with his work as I quietly observed. At this naà ¯ve stage of my life I felt like observing everything and anything equated participating, so observation was my main†¦show more content†¦I knew that I wanted to be someone to help others and I wanted to do something with my life that really meant something just like my dad was doing. I started to get back into all my favorite hobbies as a pastime to take my mind off my parental issues. Reading and music were my safe havens like never before. If I were to ever feel lonely all I needed was to pick up The Catcher in the Rye and project myself onto someone like Holden Caulfield. Music started to hold deeper meanings to me and listening to bands like The Smiths or Fleetwood Mac helped me purge my feelings unlike anything else. I don’t credit my dad for a lot, but I do think had it not been for his mistakes I wouldn’t have found my interests as I quickly as I did. I think it’s a common mistake for people to not recognize when they have something good in their lives, and I’m guilty of this. My mother has been with me through everything: when I was feeling angry and sad about my step-dad leaving or my dad never being around, she was there. While my step-dad encouraged me to be myself, my mother encouraged me to be the best possible version of myself. 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I was 16 and it was spring time. The summer was coming up and it was going to be a very big one for movies. This job would be something differ ent for me and would help shape my future. The five yearsa that I had spent working and growing through a movie theater supplied me with many memories, an opportunity to grow as a professional and has equipped me with lifelong friends. Some of my mostRead MoreThe External Conflicts Of Chaperupa And Maya From Lupita Manana715 Words   |  3 Pagesis a book about two siblings, Salvador and Lupita. Salvador and his sister Lupita cross the border in hope of supporting their family back where they live. The short story, My Favorite Chaperone is about a Russian family migrating to the United States. These writings show that Lupita from Lupita Manana and Maya from My Favorite Chaperone are very different characters. As a result of their immigrant backgrounds, they both tend to react to conflicts similarly based off of their values, preferences,Read MoreWhat Is My Favorite Day Of My Life?790 Words   |  4 Pagestradition in my family that has been going on for my whole life is Sunday morning hikes with my father, sister, and our dogs. The place where we go varies from week to week, however, there is one spot in particular that will always be my favorite. The trail we hike is called â€Å"The Trail of Death† beca use of its difficulty, however the views and landscapes are some of the most beautiful sights I have ever seen. Tucked away in the Pocono mountains, this trail came to be one of my favorite places to goRead MoreMy Best Days Of My Life1376 Words   |  6 Pagesdays of my life. Is it clichà © to call my first concert experience one of the best days of my life? Probably. But it was just such a surreal experience. I went to go see The 1975 at Club Nokia in Los Angeles, California. My best friend knew that I had never been to a concert before, so on my Birthday she gave me tickets to go see The 1975 as a gift. I had been looking forward to the concert for months, and when the day finally came, I felt both nervous and excited to go see one of my favorite bands

Relationship Paper Free Essays

A relationship between two people can have very different meanings. In some relationships such as two lovers, they can also be best of friends because they share some characteristics and qualities and have a good understanding of each other. A relationship between a parent and child has a special bond because they share love, and affection for each other no matter what the circumstances are there will always be some connection, even at its worst times. We will write a custom essay sample on Relationship Paper or any similar topic only for you Order Now However, there are times when a relationship can go bad because there is no understanding, lack of communication, and a feeling of distance in the relationship. This may occur from mistakes or misunderstood acts from one another. It is believed that the parent-child relationship is the most influential relationship that there is. As of right now I believe that this is the relationship I must analyze more in-depth to get a full understanding of it and to just improve my daily life with them, but in particular my mother. My mother, like most Hispanics in her generation, did not grow up with half of the materialistic devices and privileges that I have had when growing up. She has come from a home that was riddled of alcohol and drug abuse. Even with those distractions at home she still managed to get straight A’s, so she says, and has had a job throughout her life since the age of 16. She says if it wasn’t for marriage and having kids she would not have dropped out of college, but she was comfortable where her family was heading and had made that decision. My mother is someone to look up to in my books because of her overcoming of obstacles that had stood in front of her like it was just taking another breath of air, and for my father, I don’t even want to start on that description. I’ll just leave it at that it is a privilege that I’m even walking this planet today. I believe my mother perceives me as taking the resources I have around me for granted. That I am just going through the motion of school and life and not tackling it like she did and still does. She sees an unemployed 20 year old at a junior college that has had recent trouble with the law. I am not putting up the biggest argument against her because I know I could be doing more to be excelling further in school and being more responsible for my own actions. I don’t think she fully understands the commitment of being in ootball during school. It really is like having a job year-round that gives you a 2 month break yearly. I know she gets her perceptions on what she hears at work at the sheriff’s department, which does not help, or what she sees on the news on television. So I believe her ideas on what people my age is a little bias. To overcome these perceptions and to be tter our relationship I believe we can communicate with each other more than we are now. Telling her more information about what goes on and what I am doing in my life can more likely give her a better idea on who I am or who I am on track of becoming. Telling her more and more of what I am doing and disclosing my-self, I believe can make her feel more comfortable with me. By self-disclosing my-self it can give her assurance with what kind of person I am. With the way things are going between us right now I can only imagine who she thinks I am. When a mother does not know much about his son you can see as to why they can get carried away with ideas on who they might be but not who they are. However, there also might be some things that she sees about me that I don’t realize myself. Those mother-to-child instincts are still a wonder to us all. She might see something about me that whenever I am in a serious relationship I seem to be more stressed, or that i am calm with her in our conversations. My emotions on the way I converse with her tell her a lot about myself. Emotion management is essential to maintaining a healthy relationship. For example, if I failed a mid-term that day and she does not know, she cannot prepare for the negative responses, if any, to her questions and she most likely would not want to hold a conversation with me. She can start to build an idea that I am not consistent with who I am and lead up to fewer conversations to build on our relationship. However, emotion management does have its cons. For instance, if I am not happy with something she is doing and I never express anything about it the relationship for me might start to become one-sided meaning only she is happy with relational content. Sometimes giving feedback about some ones actions is the best way to maintain a relationship. Relationship maintenance between her and I is a must. If I want her to be appy with me then I have to put in my part. If I am just sitting around the house not contributing to anything or with the household how could I expect her to be happy with me. When she sees me applying myself she can have many reasons to be happy or proud with what I am doing. How can she not be if she knows I am taking advantage of the opportunities around me? For example, if I am maintaining a 3. 0 grade point average while holding a part time job and in a year-round sport like football, she should not have reason to be upset or concerned with me. How to cite Relationship Paper, Papers Relationship paper Free Essays My expectations from our friendship was a lot because she was very important me almost as to consider her like my sister. I expected to get proven that true friends do exist and that no matter what, she would be by my side. She has proven that to me and everyone knew we were best friends. We will write a custom essay sample on Relationship paper or any similar topic only for you Order Now Due to the way she was with me, I always had mentality that best friends last forever. I get really attached to people and sometimes scared to ever lose anyone close to me. My friendship with her relates a lot to the METHOD because that’s exactly what occurred in the same order. As our friendship progressed, every year there would be periods of time where we â€Å"thought† we were mad at each other because of lack of communication at times. If I ever felt sad I always contacted or cached out to her first, I would wait and see If she would do the same and It went vice versa. It was freshman year when our school schedule changed and effected our friendship. Our classes were so distant from each other and we no longer shared lockers. She was part of the cheer team and so that took up most of her time. Plus, she met a lot of new girls and spend more time with them. My expectations changed and I understood that it was time consuming but communication went both ways. Most of the time I felt like I was the only one that made effort. Some investments I made were going to watch her perform. I paid and attended almost every game and I knew she appreciated that. That showed a lot about my person and I knew she felt proud to have me around as well. This was continuous throughout high school and soon enough it became a habit. I accepted the change and it then became normal. In a way we were too needy for each other so the space was much needed. 2. Some ways that we have communicated nonverbally are using symbols. We would always wear matching Jewelry that signified our friendship. We did almost everything the same, always matched with clothing as well. Some nonverbal expressions included a lot of looks. If we were ever in an awkward situation, we always gave each other a look that showed we felt uncomfortable or any clue to go. We knew what looks we gave each other meant right away. A lot of friendships that are strong and last long, depend on nonverbal communication. The quality of my friendship with her always improved because we could easily read each other, and understand the emotions behind each other’s words. The way you respond to someone nonverbally can show that you understand and care about them and the relationship will grow and be fulfilling to both. Verbally wise, it’s always been very Important to pay close attention o what I and my friend say to each other. Having this friendship with her has taught me a lot on how to be an effective communicator and listener. Understanding the meaning of one’s words and the Ideas and feelings behind them Is very Important. Dual perspective is the ability to understand another’s perspectives, feelings and perceptions of what she would say or do something wasn’t so easy. At times it was quite difficult. Asking questions before Judging or commenting and explaining my own feelings and needs so the friend understood where I was coming from help us communicate a lot more. How to cite Relationship paper, Papers