Are we into the Aerotropolis Golden Age after the Golden Age of planes in the 1950s?
The airport is a compulsory component of the journey we make as quickly as feasible. What if she became a place for herself? It’s not fiction or a fresh concept. Development plans are taken at major airports across the world, ranging from entertainment and commercial services on their premises to grandiose projects in the surrounding districts. Thus, many cities around the world have developed an aerotropolis of their own. About 80 aerotropolis towns and aerotropolis cities are operating and developing around the globe. What are the popular ones in India and the rest of the world? Let’s find out.
The Delhi Aerotropolis (IGIA)
The Aerocity in Delhi is a commercially active and sustainable urban city within a city with the Indira Gandhi International Airport as its core. Delhi Aerocity offers direct connections to Gurgaon, the Trade Centre of the NCR area. There are many luxury hotels, restaurants, taverns, and shopping centers in this metropolitan city center. A noteworthy illustration of the growth of aerotropolis in Delhi is the development of ‘Terminal 3’ with its new integrated and state-of-the-art design.
As the “Safe, Smart and Sustainable Commercial District,” in India, the first such GMR Aerotropolis is being created. It promotes experience through work, play, exercise, world-class cuisine, and entertainment, and provides the socio-economic development of the airport community with very well-connected and engaged urban regions. In the first phase of this Aerotropolis, known as the hospitality district, over 15 hotels, three grade A workplaces, shops, as well as well-designed public services can currently be found.
GMR Aerospace and Industrial Park, Hyderabad
GMR’s plans to create an aerospace cluster and an industrial cluster as part of GMR Hyderabad International Airport to serve the increase in industrial demand of aerotropolis. The Hyderabad Aerotropolis City is a multi-product special economic area (SEZ) that offers an integrated ecosystem that includes major theme-based development areas such as the Business Center, Health Center, Education Centre, the Fun Centre, the retail park, Logistics Parks and Aerospace. GMR has selected this strategic location that offers good rail, road, and aviation connections.
Dallas-Fort Worth International Airport
The Dallas-Fort Worth International Airport (DFW) is a real success story for aerotropolis and has received a lot of economic growth in North Texas. A 12-county region in North Central Texas is covered by the Worth Metropolitan Dallas-Fort (DFW Metro Area), and partnership and cooperation with all of these counties are essential for the development of the DFW Airport. This was not an easy task, but the DFW airport is now an important economic engine in the subway sector (Dallas Fort Worth International Airport 2015). DFW Metro’s operations are funded by air cargo flowing through DFW Airport and produce a total yearly economic activity of $16.7 billion.
DFW Airport’s recurrent operations create $31.6 billion in regional economic activity and support roughly 143,000 employment in the DFW Metro Area, either directly or indirectly. In addition, concession visitor expenditure and associated expenditures raise government and local tax collections by an additional 115 million dollars every year.
Detroit Metropolitan Airport
Detroit may have a brighter future despite the recent economic difficulties. It can establish its aerotropolis, with more industrial engineers and more research and development spending than other regions. The proposed airport will cover 60,000 hectares and include Detroit Metropolitan Airport and Willow Run Airport.
To monitor the growth of an aerotropolis, a quasi-public company was set up to manage the development of a county, city councils, the Wayne County Airport Authority, and local businessmen. However, despite its founding and its goal to construct an aerotropolis, its progress was mostly attributable to political instability and controversy. But Wayne County proceeds towards a possible multi-million dollar agreement with a business from Colorado to develop land within the proposed aerotropolis project.
Edmonton International Airport (Alberta)
In 2009, the City of Leduc and Leduc County representatives of Alberta started working together on a project of approx. 530 acres immediately south of Edmonton International Airport. The project managers look forward to transforming the area into an important development involving hotels, restaurants, exhibitions, and conference centers and attracting manufacturing and distribution companies. The Nisku Energy Park, where more than 28,000 traded employees work, and the 700-acre Port Alberta construction site, storage, and distribution center at the airport would benefit from the aerotropolis development.
Incheon International Airport (Seoul)
Incheon International Airport in South Korea is one of the busiest airports worldwide and was established mostly by China in terms of trade and travel. Incheon International Airport’s (Incheon) trade with China would allow trillions of individuals to open up new markets. The airport is perfectly positioned to this end as it flies from Shanghai and Beijing for only 2 hours and many other major cities in China for 4 hours. Songdo International Business District, together with Incheon, is the planned development of the Aerotropolis.
This international hub of commerce was launched in 2009 and is recognized as a Free Economic Zone, which means that tax advantages for foreign companies and foreigners are granted by the Korean Government and an easier regulation system. Songdo provides office and conference facilities, hotels, residential, retail, schools, health, and recreation services. Songdo hopes to be a global leader in the high-tech industry only 20 minutes from Incheon and 1 hour from Seoul, and already significant businesses like Samsung, Cisco, and IBM are based in the city.
Los Angeles International Airport
Travel and Leisure’s 2012 edition declared LAX as the second-worst airport in the U.S. But as one of the busiest airports in the country, with a $5.25 billion expansion, LAX aims to reverse its reputation. Currently, the airport is in the middle of 3 billion dollars in improvements and is ready for O’Hare to be the second-largest airport in the US. Continuing and forthcoming LAX upgrades include a modernized program for access to and from the airport, the building of a new rental car park, and extension to paths. The project will improve efficiency and efficiency.
Aerospace is a very forward-looking idea that encourages the creation of ecosystems and connects industries, crops, and regions around the globe. Given its strategic location, major business hubs, and strong worldwide economic presence, it has a great deal to prosper in India. More importantly, Aerospace has the scope to be identified as possible investment opportunities, which will only grow in the future. This flourishing age of the aerotropolis will characterize several possible cities and promote them, compelling planners and developers to reevaluate their ideas.
Assetmonk offers quality real estate assets from India’s greatest cities, as a single online platform. We offer a large selection of products for the various investors’ objectives, such as Growth, Growth plus, and Yield. The company’s new project, ‘The Landing’ co-living project, will spread its wings in the Hyderabad International Airport Rajiv Gandhi.
Office buildings, housing premises, recreational green space, and agriculture are all facilities provided by a well-functioning aerotropolis.
Like any other traditional town, the aerotropolis is a central hub with externally permeating development rings. Aerotropolis is a strong engine for local economic development, which attracts aviation-linked companies who want to reach clients all over the world.
Aero-cities have made worlds and enterprises get closer together and flying is no longer a luxury for the few. Living in the vicinity of an airport means having a form of transit, which can carry you all over the world. For internal travel also, aero towns have made it quite convenient.
Regardless of whether it is for end-use or just investment, some crucial elements must be taken into consideration when investing in commercial real estate.
Residential real estate property in Mumbai hit its highest recorded sale in India, in the past 10 years, in July 2021. A substantial reason for this are millennials, whose reaction to the pandemic highlighted the change of mindset.
Real estate property has always been one of the favorite asset classes of Indians. This is because it can generate a regular cash flow and show visible asset appreciation. As for NRIs, they rent out their properties to generate a rental income on the side.
GST had a significant impact on the real estate industry, including sale & purchase, lease, rent. This article includes the impact of GST, on residential rent as well as GST on commercial rent.
Rental property ownerships are a safe and efficient way of building long-term wealth. With the rented properties growing faster than owned properties, landlords are going to have an edge over others in the real estate game.
6 Reasons Why Investing In Fractional Property Ownership Is The Best Retirement Plan The internal rate of return (IRR) on fractional assets ranges from 13 to 20 percent, which is greater than most retirement plans. Share on facebook Share on twitter Share on linkedin While there are numerous passive income sources and retirement corpuses, investing properly is the key. Commercial real estate (CRE) fractional ownership is one such asset class that offers an ideal opportunity when analyzing a long-term and reliable investment. In combination with a sound investment plan, commercial real estate (CRE) can be a reliable asset class that provides capital security, regular income (often between 10 and 12 percent), and portfolio diversification, all while reducing possible risks. This article will address all your concerns regarding fractional ownership for senior citizen investors. Understanding fractional ownership In the world of investment, commercial real estate has long been a closely guarded secret. In comparison to other solid asset classes, it has…
Houses with additional rooms like a workstation, corner for reading, or activity space are in higher demand. Homeowners have had plenty of time to think about the value of their living space in the wake of the pandemic.
Commercial real estate crowdfunding is a modern-day investment idea. Going beyond the opaque and relatively old-fashioned real estate investments of the past, crowdfunding offers pocket-friendly and lesser time-consuming investment options to all individual investors. Here is how.
The emergence of fractional ownership in India was a ray of hope to many investors during the onset of COVID-19. The idea of fractional ownership aims at providing a fair chance of investment in mega commercial projects to all investors, which can impact the real estate sector as we know it today.
Fractional Property Ownership vs. Timeshare- Where Should You Invest Your Money? People can take advantage of a vacation home’s amenities and services through timeshares and fractional ownership. Through this article, let’s discuss how they are different. Share on facebook Share on twitter Share on linkedin Fractional property ownership and timeshares are similar in the real estate industry. The only similarity is the joint ownership of property. Traditional timeshares provide you with the right to utilize the property, but not a deeded stake in the property itself. Owners of some timeshares are offered points that can be used at other properties managed by the same firm. The cost of a timeshare depends on how many points you buy. The key distinction between fractional ownership and a timeshare is the distribution of actual equity. In a fractional ownership arrangement, the buyer owns a portion of the property’s equity. If the value of the property rises, the fractional owner’s piece of the pie…
Curious About Fractional Property Ownership? Here Are The Essential Legal Facts Real estate fractional ownership is growing in popularity, which means new investment options will become available to small-scale investors. Share on facebook Share on twitter Share on linkedin Unknown in India until recently, fractional property ownership is the practice of owning a piece of property fractionally among a group of individuals. A fractional ownership scheme is one in which all participants own a share of the asset and can profit from changes in the asset’s value. Each fractional owner often owns a portion or share of the property and is listed as an owner on the title and deed. However, in some circumstances, a co-owner will only be able to use the property on certain days, weeks, or months. In other cases, the usage agreements will be specified in a separate document. When it comes to specific co-ownership agreements, several contracts can be used to specify usage rights and…
Only a small number of Indians are investing in residential and commercial buildings that pay rent to optimize their returns on investment. Amidst stock market volatility and low-interest rates on fixed deposits (FDs), we have noticed a spike in individuals buying high-value assets (commercial real estate or luxury villa). Following that, investors share both the revenue and expenses associated with it in proportion to their investment. We are witnessing the creation of a new asset class known as fractional ownership, in which numerous unrelated investors pool their resources to collectively own a high-value asset. This not only lowers the entrance cost for prospective investors but also provides them with all of the benefits of owning the asset without the need for large amounts of money upfront. With fractional ownership, investors share the advantages with co-investors while also reducing the risk of ownership. How does it work? A property’s structure is determined by its size, tenure, and several players. If a…
The pandemic has forced many businesses to adopt work from home for their employees, which made people rethink their rental obligations towards commercial office spaces and other investments. On multiple occasions, tenants who were unable to pay the rent left their landlords in jeopardy. This is making them restructure their leases. As commercial tenants opt for negotiating their leases, lease restructuring ideas are becoming innovative to ensure profit for both parties. What is a Commercial Lease? A commercial lease is a formal renting agreement of a building, property, or SVP for commercial or business use. There are several restructuring options to retain tenants and attract new ones. Some of the creative approaches taken by developers include: Rent abatement It wouldn’t be practical or even feasible for landlords to reduce their rents. The solution to this is giving respites and also going so far as offering a longer initial rent-free period to their tenants. Blend or extend In cases where tenants…
Real Estate is a unique asset class that offers investment opportunities for every kind of investor.
In India, real estate property is the single most desired investment for all, we tend to save up our lifetime’s worth of fortune for the one fine day when we can finally afford our dream property. This is not just a very big dream but it is also a very impractical and outdated way of using your hard-earned money. Fractional ownership in real estate is a modern-day investment idea wherein investors can invest an affordable and pocket-friendly amount of money to become owners of high-end properties. It is slowly gaining popularity as the modern real estate investment model. What does fractional ownership mean in real estate? Why is it gaining popularity? Fractional ownership of real estate is an investment model where a group of investors comes together to pool their assets to raise funds for purchasing real estate property together. Each investor becomes a fractional owner of the property. It is the ideal form of investment because all investors share…
Among the endless alternatives of investing money, ownership of property is renowned as a reliable, long-term investment option. It offers good returns for investment while generating wealth through appreciation of assets, land shortages, and high demand. Asset ownership contributes to income and wealth generation. However, the ownership of assets has radically transformed over the last several years as the business models have been changing constantly. One of the most important examples could include the fact that timeshares are not the only part of the ownership of the investor. Fractional property ownership is a novel way to obtain a property that you have been looking for Here’s everything you need to know about fractional ownership. Understanding fractional ownership Because of the high price, many Indians find it difficult to invest in commercial property. Most of them focus primarily on the residential real estate industry. However, access to commercial real estate (CRE) will become easier for investors with the advent of fractional…
More often than not, financial planning is about long-term investing. However, several immediate demands must be handled. People invest for shorter periods because their objective is approaching or they do not want to risk locking their money in for a longer period. Short-term investments can last anywhere from seven days to less than a year, and there is no predetermined time limit. You can choose from a number of products if you want to invest in the short term. These products can be divided into two groups: those that provide fixed income and those that provide market-linked returns. Fixed-income investments are available with terms ranging from 7 to 12 months. Market-linked products are debt mutual fund schemes with underlying assets that have an average tenure of fewer than 12 months. This article will provide you a list of short-term investment options to save tax. Advantages of the short term investment Assets that can be converted into cash or sold in…
We’ve heard arguments throughout the years about which is a better investment: real estate or stocks. Both have advantages and downsides, and various characteristics distinguish them as distinct investments in their own right. To make money with either investment, you must first grasp the benefits and drawbacks of each. They all provide returns on your money, but for different reasons. Their risk factors are also varied. Should you invest in either one or both? Let’s find an answer to that question by comparing the dangers and benefits of investing in real estate vs. stocks. Real estate vs. stock- an overview of the Indian investment market When you invest in real estate, you are acquiring an actual piece of property. Regardless of the form of real estate investment, most investors profit from monthly rental revenue and/or when the property is sold for a higher price. When you buy stock, on the other hand, you’re buying a portion of a corporation. As…
Crowdfunding real estate investments have rapidly become popular among investors from all backgrounds. Yet, some investors might find the technicalities of crowdfunding real estate difficult to grasp, making it unreliable. Crowdfunding real estate investment establishes itself in the market as a substitute for traditional real estate investments, hence, learning how to evaluate your investment becomes very important. Here are a few points that you must remember while evaluating your crowdfunded real estate. What is Crowdfunded Real Estate Investment? Real Estate Crowdfunding is a modern-day investment method which deals with raising money for a real estate-based project or commercial properties by taking small sums of money from a large number of people. This way every investor becomes the owner of a share of the property. Pros and Cons of Crowdfunded Real Estate Investment Any form of investment has some disadvantages and advantages, depending on the user and how they weigh these two to come up with a perfect investment solution. Pros…
Crowdfunding and P2P investment models are the two ways of asset accumulation that are becoming very popular in the CRE market. While these are often regarded as the same, They are different from one another. Crowdfunding Meaning Crowdfunding is a method where a large number of investors come together to raise money for a high-end commercial project. Crowdfunding is an online investment, therefore investors can invest in assets across the globe and enjoy benefits Types of Crowdfunding There are three types of crowdfunding Equity crowdfunding This is the most popular form of crowdfunding as it allows investors to become the part-owner of the project. In equity-based crowdfunding, investors trade their capital to purchase the equity of the project. The equity owners receive a share of profits in form of dividends. Reward-based Crowdfunding Here, people invest in an asset and expect rewards such as goods and services in return. Some examples of these types of investments include funding a civic project,…