A1.
When developing a new facility in India, hiring an Indian 3rd party developer can at times be a challenge. Besides the quality control issues, a local developer may not be capitalized, offer financing, and might not understand the corporate tax implications of locating in India. WIRE can add significant value through delivering an asset that will meet the international standards that one finds in Europe or the US. WIRE understands the importance of international standards of quality as well as providing the necessary resources to ensure that quality is delivered. |
| A2.The
WIRE Group is comprised of two separate, yet aligned
businesses: a fund management company and a real
estate development services company. WIRE is one of the
first international developers that will offer
institutional grade development in India. WIRE
is also known for the following:
- Building commercial complexes surrounded by supportive communities
- Global team expertise with large, complex, and mixed use project experience
- Transparent and open development process
- Providing access to capital allows our clients to customize the lease/financing arrangements
- 24/7 real time access to WIRE employees based in the US, Singapore, and India
|
| A3.
WIRE will operate and develop property throughout
India. Currently WIRE has offices in Bangalore India. |
A4.
WIRE develops a wide range of product types: corporate campuses, suburban and high rise office, single family and multi-family residential, retail malls to mixed use developments. In addition, WIRE has unique team expertise developing more specialized types of facilities, including but not limited to biotech/pharma, adaptive re-use, and light industrial. |
A5.
It depends upon your company's specific situation.
WIRE can assist its clients in leasing, owning,
completing synthetic leases, and completing
tax advantaged lease arrangements. A WIRE representative
can assist your company in evaluating all available
lease vs. own alternatives for your company
to insure you are making the best decision for
your firm. |
A6.
Yes, many Indian landlords will tell
you that they have a set short-term lease form
which is not negotiable. This is not the case
at WIRE. We strive to customize the lease arrangement
to fit your needs, which means WIRE will consider
all lease types and terms. |
A7.
WIRE determines a client's lease rate based
on the underlying cost to build the facility
and cost of capital. Often times this means
you pay a lease rate on a build-to-suit project
that is lower than the prevailing market rates
for an existing facility. To accurately determine
your expected lease rate, WIRE will need to
work with you to outline general specifications
for your project, complete a preliminary budget
and schedule, and determine the form of lease.
Once this is done, WIRE will provide you a lease
rate based upon the lowest cost of internal
and/or external capital available. |
A8.
Determining the best location for your corporation
requires in-depth knowledge of local Indian
markets and the ability to identify demographic
trends. WIRE specialists are empowered with
the information they need to anticipate opportunities,
seize competitive advantage and execute the
best possible real estate strategy for you. |
A9.
WIRE can help your corporation locate in an
SEZ zone or other tax beneficial locations.
We endeavor to provide your company every opportunity
to take advantage of the special tax breaks
being offered in the India market. |
A10.
Because WIRE team members have built in the US, Europe, India, and throughout Asia, WIRE understands the complexities of development in all types of environments. WIRE appreciates the infrastructure requirements, the high quality of workmanship needed, and the skill set required to obtain institutional grade – thus the creation of the Webcor Apprenticeship program for WIRE’s site engineers to ensure a fundamental understanding of quality pervades every WIRE employee. |