Real Estate Investment & Financial Analysis: The Four Essentials of Building Wealth with Realty

This unique book focuses on: a) analyzing realty as an asset class which impacts everyone (b) finance & investment concepts applicable to this analysis (c ) the asset's growing integration with capital markets (d) concepts explained with diagrams & pictures for easy comprehension (e) reinforcing concepts with numeric examples (f) text transcends geographical barriers & suitable to a wide range of audience globally (g) conceptual approach with limited impact of industry changes on contents (h) structured in a way that reader can apply learning to any asset class

TABLE OF CONTENTS (EXTRACTS)
The book is divided in four parts (the four essentials) consisting of Part A to Part D with a total of 17 modules:

PART A: INVESTMENT BASICS (FOUNDATION FOR REAL ESTATE INVESTING). Part A contains Module 2 to Module 5 (Module 1 is ‘Introduction’) which cover - Meaning, changing styles of Investment; Asset class emergence; Investment Basics. Consumption vs. Investment, Investment goals, caveats, Strategies, leverage, Portfolios, wealth Management, financial Planning. Comparison to Other Asset Classes, Inflation and Hedging; Tools for Real Estate Investment Study mathematics for real Estate Investment analysis, TVM, Financial Tools.

PART B: REAL ESTATE INVESTMENT ANALYSIS (METHODOLOGY): Part B contains Module 6 to Module 9 which cover - Macro Approach to Investing , Study of Cycles, Economic Cycle, Real Estate Cycle, Construction Activity & Cycles, geographical factors, globalization impact; Realty Indices: Prevalent Indices, Pros & Cons of different Indices, Indices in India, sentiment index; Returns & Risk in Real Estate, Rental Concepts, Evaluating returns with NPVs, IRRs etc; Net Effective Rent, Risks in Real Estate, Statistical Tools for Risk-Return Study. Valuation of Properties, Guiding Principles, Value forces, Methods- DCF, capitalization, comparison, cost, Reconciling.

PART C: FINANCING THE INVESTMENT (FUNDAMENTALS): Part C contains Module 10 to Module 13 which cover - Financing the investments, Eight Tenet Matrix of Finance; Equity Investment direct & indirect; Debt Investment, debt evaluation, LTV and DSCR, leverage; Mortgages & various loan structures, mezzanine finance, LRDs, balloon loans, CLSS scheme, reverse mortgages.

PART D: FINANCING REAL ESTATE THROUGH POOLED INVESTMENTS: (CONCEPTS, INVESTMENT VEHICLES AND ANALYSIS): Part D contains Module 14 to Module 17 which cover - Securitization process, RMBS, CMBS, CMOs, mortgage pools study, REITs overview, classification, investment strategies & aims, objectives of REITs. REITs & InvITs in India, REITs Analysis & Valuation – methods, Portfolio Analysis, Risk Return Analysis, Valuation of REIT Stocks, cash flow modelling.

NOTABLE COMMENTS
"The first book by an Indian author giving in-depth financial analysis for realty investments. A unique feature of this book is the interesting linkage of financial concepts with real estate asset analysis. This approach helps in a thorough study of real estate, an extremely important asset class for everyone."
-Mr. Deepak Jain, Country Head, India and South Asia,
American Academy of Financial Management

"As the capital markets deepen their relationship with real estate, the importance of such a structured study cannot be undermined. It will be very helpful to all investors and market participants, especially with the arrival of an era of financial inclusion for real estate investing."
-Mr. G C Sharma, Head-Financial Education, Schools & Universities, NSE

"The author has an interesting way of explaining Finance concepts with the help of diagrams and pictures. A much needed book on the subject."
-Mr. Ruchir Sharma, author of ‘Breakout Nations’ & ‘Rise and Fall of Nations’;
Chief Global Strategist & Head Emerging Markets, Morgan Stanley Investment Management