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About Gaurav Jain
Gaurav Jain is a trainer specializing in the subject of real estate with a focus on investment and financial aspects for realty assets. He has conducted training sessions for participants of courses in various private and government institutions such as the NSE Academy (a subsidiary of National Stock Exchange), HUDCO-HSMI, IFAN, AAFM etc. Having spent time in both finance sector as well as real estate industry (a short period in investment banking followed by nearly two decades in real estate industry) he has a unique background to enable him to analyze the subject of this book and do justice to the same. A scholar throughout his academic years, Gaurav has completed his schooling from Delhi Public School, R.K. Puram and holds an honors degree in commerce from Hans Raj College, Delhi University. In line with his passion of linking finance to real estate industry, his post-graduate qualifications include both finance and real estate - he is a Chartered Financial Analyst, (CFA, ICFAI) as well as an Urban Planner (PGDUPDL).
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Books By Gaurav Jain
What will I gain from reading this book? or What’s in it for me? are a reader’s first queries for a non-fiction book like this one.
REITs is that ‘sweet spot’ between debt and equity which makes it a MUST HAVE in any financial portfolio. These are extremely lucrative, globally-accepted investment avenues that have recently been listed in India but are still highly unexplored. It can prove to be an indespensible financial planning tool for numerous investors as proved worldwide. Many investors want steady income, safety of investment and avoid risks of equity markets. Although they get regular and steady income stream with debt investments, they are always in danger of losing out on capital appreciation because long time-frames have exponential cyclical upswings in assets such as stocks, metal and properties. This is when their fixed income generating capital suddenly starts looking meaningless.
REITs being unique hybrid investment instruments, can generate returns in the form of dividends, interest and rentals! They have the potential to generate high yields combined with stability while investors simultaneously have a chance to gain from their capital appreciate in future.
The current book follows the author’s earlier book named “Real Estate Investment & Financial Analysis” (REIFA). REIFA is an awarded book (awarded "Best Books of All Time" by BookAuthority) and a bestseller in its category in India. “REITs and InvITs: What’s new in the Indian stock markets” is a primer of some unique and very interesting financial instruments for real estate assets.
CONTENTS: The book is divided into 7 chapters titled (1) What are REITs (2) REITs and Real Estate Assets (3) REITs & Other Financial Instruments (4) REITs & InvITs in India (5) Legal Structure, Guidelines and Taxation (6) Investing in REITs or InvITs (7) The Future of REITs/ InvITs in India. (Note: You may download kindle sample for an outline of the book contents. The sample is also visible directly in desktop view by clicking on “look inside” icon that appears on top of book image)
Extracts from Foreword: The book, which is the first of its kind by an Indian author, is a comprehensive treatise on the subject for a wide variety of investors, HNIs, practitioners, financial advisors and wealth management professionals..... The step by step structure with focus on brevity-with-comprehension, makes it a great learning as well as application tool…..(Foreword by Mr. G. C. Sharma, Advisor Education, NSE Academy, National Stock Exchange of India Limited)
A sample of what you can expect to learn here about REIT investing:
- A tool that can save you from the follies of debt investing by preserving your capital over time
- Its potential as a tool to save you from the gyrations of equity stocks
- Are these bite sized real estate investments or a mouthful of equity stock?
- The features that make it an excellent retirement planning tool (the reason why pension and retirment funds love it)
AND much more...
NEW BOOK on REITs by the author, REITs and InvITs: What’s new in the Indian stock markets, Primer of the Unique Financial Instruments for Realty Assets, link https://www.amazon.in/gp/product/B08FCFD38Q/
This unique book (awarded "Best Books of All Time" by BookAuthority) focuses on: a) analyzing realty as an asset class which impacts everyone (b) finance & investment concepts applicable (c ) realty's growing integration with capital markets (d) concepts explained with diagrams & pictures for easy comprehension (e) reinforcing concepts with numericals (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) application of learning to any asset class. Includes an analogy (‘investment tree’ & ‘money box’ analogy precedes text) to help connect the entire book like a story, which enhances understanding and recall
TABLE OF CONTENTS (EXTRACTS)
The book is divided in four parts (four essentials), Part A to 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’) :- Meaning, changing styles of Investment; Asset class emergence; Investment Basics. Consumption vs. Investment, Investment goals, caveats, Strategies, Portfolios, Wealth Management, Financial Planning. Comparison to Other Assets, Inflation & Hedging; Tools for Real Estate Investment Study (the math), Investment analysis, TVM, Financial Tools
PART B: REAL ESTATE INVESTMENT ANALYSIS (METHODOLOGY): Part B contains Module 6 to Module 9 :- Macro Approach to Investing , Study of Cycles, Economic and Real Estate Cycles, Construction Activity & Cycles, Geographical Factors, Globalization impact; Realty Indices, Prevalent Indices, Pros & Cons of diff. Indices, Indices in India; 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 :- Financing the investments, Eight Tenet Matrix of Finance; Equity Investment direct & indirect; Debt Investment, debt evaluation, LTV and DSCR, leverage; Mortgages and 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 :- Securitization process, RMBS, CMBS, CMOs, mortgage pools study, REITs overview, classification, investment strategies and aims, objectives of REITs. REITs and InvITs in India, REITs Analysis and Valuation – methods, Portfolio Analysis, Risk Return Analysis, Valuation of REIT Stocks, cash flow modeling.
"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."