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Services

Novena India has gained experience and expertise by serving some of the most reputed Developers, Corporate Houses, Portfolio Investors, and Individual Investors hence making us the market leader in India for boutique real estate and asset management services. Novena profound and ingenious brokerage model fully enables supply, demand, and discovery through a digital platform, with transactions facilitated offline through our proficient real estate experts.

1. Corporate and Family Office:

Novena India, offers the complete range of services related to purchase/sale/leasing of  Industrial and Commercial property. Our effort is to understand specific needs of our customers and help them realize their goals. At Novena India our objective is to ensure transparency and seamlessness in all transactions be it residential, industrial or commercial.

Novena India is changing the way Indians search for properties to buy or lease. We make the process of buying or leasing more transparent, reliable, simple, convenient and online by providing a single window solution for all your requirements. Some of the services we offer under our Corporate and Family Office services are:

Lease Administration:

Novena India is one of the industry leader in Lease Administration services in India. We have completed some of the largest real estate abstraction and lease management projects since our inception. Novena offers a distinctive, one-stop solution for all facets of lease administration.

We have been providing these services for past 23 years as part of our core business offering. Many of our clients are top corporate names present in India with large global assortments. We offer a fully scalable service model, and have proven our quality servicing individual and corporate portfolios.

Our lease administration services help you reduce the gratuitous risk and cost of erroneous portfolio information. It has been among of our core business offering since 1995.

Tenant Representation:

Novena India’s tenant representation experts help tenants identify and align strategic business, financial, and operational objectives with real estate requirements. Whether we are providing clients with acquisition, renewal, relocation, or consolidation services, Novena’s Tenant Representation services are distinguished by our in-depth knowledge of global markets, combined with strategic problem-solving abilities.

Tenant Representation services include strategy development, build-to-suit planning, demographic analysis, logistic/distribution services, market analysis, cost of occupancy analyses, and negotiations. Our brokers can also integrate additional Novena’s tenant services, such as Project Management, Facilities Management, and Lease Administration.

We at Novena provides valuable information covering a wide range of tenant services, including:

  • Premeditated and Strategic Planning;
  • Demographic and Location Consultancy;
  • Renewals, Expansions & Relocations;
  • Survey and Building Selection;
  • Disposition of Excess Space/Subleasing;
  • Space and Financial Analysis;
  • Research and Market Analysis;
  • Rental Rate & Tenant Improvement Negotiations.

Transaction Management:

Large corporations and space users require a focused and disciplined approach to manage their occupancy costs and deploy effective lease strategies that support their major operational needs. We act for major corporations to assist them in developing occupancy strategies and negotiating lease transactions that are in keeping with these strategies.

Our dedicated Transaction Management team acts on your behalf to ensure that transactions across your portfolio are executed consistently and are in line with your business objectives. By working closely with our Tenant Representation specialists, together we help you secure the right space, at the right time and at the optimal price.
Our Transaction Management Services include following core services:

  • Strategic planning
  • Opportunity assessments
  • Occupancy planning
  • Space acquisition and disposal
  • Portfolio management and reporting

Corporate Consulting and Asset Management:

Corporates’ hold a portfolio of real estate assets (or have plans to build a portfolio), Novena India offers Asset Management Services. These services include:

  • Acquisition and disposition Support
  • Business Planning
  • Budget Planning
  • Capital Expenditure Planning
  • Financial Analysis
  • Reporting
  • And more

We understand that different investors have different goals, and can offer individualized services. These services are offered as a stand-alone product or in addition to our property management services.

Novena’s team of highly qualified Asset Managers provides executive leadership and management across multiple disciplines. From the development or acquisition stage, through ongoing commercial operations, we take responsibility for the oversight, management and tracking of your project(s). This includes working with partners and staff to develop and track budgets, report on project performance, identify and address issues that arise, and recognize opportunities to add value and improve results. Novena diligently seeks ways to significantly improve project performance and client’s financial returns.

Our dedicated practice helps clients prepare for growth, manage risk, enhance operational effectiveness and efficiency, maintain adequate controls, navigate regulatory compliance and leverage technology.

Property management for Family Offices:

The family office model expands on traditional wealth management by offering a broader array of services in support of comprehensive long-term thinking. Typically suited for families with a net worth of $10 million or more, this approach brings to bear all the resources needed to help you live a fuller life and ensure a meaningful legacy.

Our innovative and arduous Property Management services for Family Offices help Family Offices reduce their operating costs and enhance property values. Our expertise in tenant contentment, wangling services, security, energy management and sustainability practices enable us to deliver high-class service that keeps occupancy levels elevated and maximizes inflow for our clients.
Our approach to Property Management is one that strives to create a pleasant experience for clients vide upbeat asset management. We achieve the highest standards of excellence in the delivery of these services because our service delivery model combines the best of the management models into one.

A long-term investment strategy is just the first step in building a legacy and ensuring continued family success.

2. Developers

Novena India, offers the wide range of services to the big names in real estate developer like Agency Leasing, Valuation and Advisory and Land Procurement Mergers and Acquisition. At Novena our objective is to ensure transparency and seamlessness in all corporate transactions be it residential, industrial or commercial. We help companies of all sizes, extricate their capital investments from owned and leased buildings, increase their ROI and make their portfolios future ready.

Agency Leasing:

Novena India’s Agency Leasing platform offers property-specific programs to escalate the leasing swiftness, improve tenant retention, boost rental rates and stabilize operating income. Our team of professionals have been engaged with the Property owners since long to earn a name of repute in the business.
Our Agency Leasing services include property analytics, occupancy and location analysis, leasing strategy formulation, leasing marketing strategy, accounting and financial management reporting and leasing negotiations.
Investors who wish to maximize the financial rewards of leasing as part of a proactive asset strategy can benefit from our Agency Leasing services. Core features of our Agency Leasing services includes:

  • Enhance property value; or
  • Reduced Risk; or
  • Tenant targeting; or
  • Strategic Marketing; or
  • Risk Management; or
  • Creating Specific Demand.

Valuation and Advisory:

Novena India has been providing refined, neutral valuation and appraisal services to Corporates’ for more than 15 years. When it comes to apprehending real estate capital rise in rapidly changing markets, we come in first. We use our vast experience and rooted comprehension of Indian real estate markets to provide an accurate, reliable assessment of your property.
We offer valuations and appraisals services for undermentioned range of property types:

  • Office; and
  • Industrial; and
  • Retail; and
  • Hotels; and
  • Residential; and
  • Healthcare; and
  • Logistics; and
  • Education.

We gaze past current value assessments and understand market trends, competing assets and projected income. Our professional teams provide valuable insight, complemented by our property investigation experts to help us come on a concrete solution. Our analysis covers and suits a wide range of corporate needs i.e. asset purchase or discarding, financial reporting, performance evaluation, raising debt or equity, loan reviews, strategic planning, plummeting costs or boosting value.

 

Land Procurement Mergers and Acquisition:

Novena India works very cautiously on Land Procurement requirements of the developers. The land procurement is carried on prime plots. It may be Commercial, Residential or Industrial properties.

The procurement procedure is carried by our noted professionals in very subtle manner on the behalf of Client. Conducting due diligence for proposed land by following strict norms and also verifying requisite approvals of land, it is offered to the Developer for their consideration.

Our professionalism, core experience in the torrent and good rapport with certain concerned agencies involved in this process of land procurement gives us an edge over others. Location and Value of the land involved is very important factor for the Developer before consolidating its survey report for that particular project. Therefore, we present top priority for best price bargains and locational advantages before offering land parcels to prospective seekers.

Our Land procurement services are offered in major cities and suburbs on pan India level. Land procurement services are offered for Townships, Commercial Office Space Towers, Retail Shopping Malls, Institutional Buildings, Industries, Condominiums, Villas, Hotels, Resorts etc. on key locations.

Mergers and Amalgamation Services are also offered for separate chunks of properties to consolidate it in a single whole and carry out big Townships and Commercial projects.

3. Individuals:

Novena India also offers its expertise and customized services to Individuals. We help individual customers maximize their ROI serving them with best in class services offered through a channel of our experienced group of individuals.

Pre-Leased Investments:

Pre-Leased Commercial Real Estate (CRE) has been increasingly becoming one of the attractive investment opportunities in India over the last 2-3 years. Large private equity funds both foreign and domestic, sovereign wealth funds, family offices, UHNIs have been very actively investing in this asset class. Especially in an era post the demonetization drive, where the returns on fixed income products like Government Securities, Bonds, Bank Deposits are witnessing a declining trend, CRE is an attractive investment opportunity that can provide stabilized returns with appreciation on exit.
Preleased or pre-rented properties means, properties sold with tenant, i.e. a property leased to a tenant and thereafter sold in the market. The lease will be transferred to the new owner with the transfer of property. The new owner will enjoy the lease rent subsequently.

Buying a pre-Leased property has following advantages.

  • Regular income with Appreciation – Generally real estate investments are done with a view of long term capital appreciation. Time horizon is generally 5-10 years or even more. Regular income helps in maximizing the returns and easing the cash flow. If the property is taken through loan and rent receivable can be used to fund EMI’s
  • Capital Building – As discussed above, rent yielding properties can help in funding the cost of purchase. Buyer can utilize the rent received in paying off a subsequent portion of his/her EMI payment obligation.
  • Easy Liquidity – Major advantage with this kind of real estate investment is that they are easily liquid i.e. Rent yielding properties are easy to sell.
  • Property Maintenance – Maintaining a property is the biggest worry for the investors. In a leased property, the maintenance is done by the tenant.
  • Taxes and Government Dues – In Metros the municipal taxes are an important deterrent in real estate investments. Its painful to pay taxes and society dues on premises which yield no income. Advantages of pre-Leased properties is that majority of such taxes and government dues of are either paid in full or part by the tenant thereby easing off the burden from investor.

Novena India specializes in Pre-Leased Commercial Real Estate services to the clients. Our team offer a wide range of properties beneficial with view of Pre-Leased occupancy on a pan India services. Our NRI clients are specially interested in this kind of investment.

Lease Administration:

Novena India’s Lease Administration program is flexible enough to suit our diversified client need. An effective Lease Administration program is the foundation of strategic real estate planning and portfolio management. It is tailored specifically for each individual client in order to manage and lease buildings. Our Lease Advisory services help clients avoid any potential pitfalls. Whether we’re working with landlords or tenants, we believe that our clients deserve nothing less than the best. That’s why we’re not just committed to meeting their needs, we’re also dedicated to surpassing their expectations.

Our Lease Management Services include:

  • Setting Benchmark standards;
  • Lease Conceptualizing;
  • Rent and other cost management;
  • Database management;
  • Client Reporting.

Novena India’s Lease Administration experts have an average of 15 years of experience in real estate and a cross functional backgrounds in property management, accounting, corporate real estate and real estate law. These professionals ensure lease compliance while identifying potential threats and chances for savings.

Property Management:

Property Management Services of Novena India includes services sought by a landlord or property investor to manage the day-to-day operations at rental property. Our team gets involved in day to day management of rented properties and undertake undermentioned tasks on behalf of clients:

  • Evaluate the property and determine an accurate rental rate;
  • Market the property for rent;
  • Tenant Screening and Selection;
  • Tenant Move in Support;
  • Rent collection Support;
  • Tenant Evictions Support;
  • Legal Advisory and Litigation Support in case of any dispute;
  • Financial Management Services;
  • Maintenance, Repairs, and Remodeling Services;
  • Tenant Move Out Services.

Novena has got team of designated professionals dedicated for its Property Management Services vertical. Our Property Management Services are among one of in major demand by our NRI clients now a days, as they can’t be physically present in India all the times to manage their investment on their own.

Luxury Residential:

Novena India is also equipped with providing luxury residential sale/purchase/lease services to its individual clients. We at Novena India understands the requirements and needs of our customers for luxury apartments, villas, pent houses, farmhouses etc. and provide customized services as per their needs and budget.

Luxury Residential apartments have become a calling in the recent past. Investors now don’t only desires for the basic necessities in their housing societies but they carve for luxurious amenities like swimming pool, golf course, private theaters etc., which can make their life more luxurious and resourceful. Armed with a trained group of real estate professionals, Novena India offers varied kind of services in its Luxury Residential verticals. Not only the FIIs and NRIs but also the resident Indians are our clients, seeking luxury residential living space with us.