Jabong Mailer (CPA)
Showing posts with label Real estate agents in Varanasi. Show all posts
Showing posts with label Real estate agents in Varanasi. Show all posts

Thursday, 17 December 2015

Which of the many technology companies should you bet on as an investor? As the next big thing becomes outdated faster than you can swipe a smartphone, it’s not always easy to predict which specific company will have staying power.

But one thing we can probably agree on is that high-tech, including cloud computing, is a pretty solid bet, given that it undergirds pretty much everything we do these days — and it can even be an environmentally friendly move as well.

I recently wrote about how Big Data is changing finance. Now I’m here to tell you that Big Data isn’t just a way to come up with smarter investment strategies through, for instance, transparency and risk analysis, two of the issues I discussed previously. Big Data can also be an investment strategy itself.

The recent unprecedented floods in Chennai has indeed put a spanner in the works of the real estate firms in the booming southern metropolis and its fledgling outskirts, albeit briefly.

After almost two weeks of hibernation and bright sun shine for almost ten days, it is business as usual for real estate firms, which are using innovative means to lure people to sell their projects. While some draw people's attention by claiming that the areas where their residential projects are coming up are safe as they have not been affected by floods, others are making indirect attempts to sell their projects in worst affected areas in and around Chennai by becoming good Samaritans.

Saturday, 12 December 2015

Bill Baldwin is a firm believer in the strength of Houston both economically and as a viable place to live.
As the local real estate market is realigning from the soaring prices in 2013-2014, there is uncertainty in the minds of buyers and sellers.
"Houston is not just an oil town. The city has become economically diverse with medical research, information technology, aerospace and manufacturing, all of which are producing a number of jobs and stabilizing our economy," Baldwin said.
The market has been headed toward stabilization since the end of last year.
Baldwin is not worried about the market in the long term.

He has been in real estate long enough to know that the market will have its ups and downs.
"Newer real estate agents have only known the great market of the past couple years. Yet, a changing market is part of real estate. The stabilization we are seeing now was bound to happen. Knowing how to advise our clients and navigate through is part of the real value of a Realtor," Baldwin said.
Baldwin is confident in what Houston has to offer. He sees a city full of great neighborhoods, a strong sense of community with a broad and diverse range of attractions.

Friday, 11 December 2015

House prices in the GTA will continue to soar next year, according to RE/MAX realtors. 

The region remained a sellers’ market this year with sales up 8% over 2014.

The average price of a single-family home is $804,079, and high demand and low supply are expected to boost that figure another 5% next year.

Toronto

First-time homebuyers in Toronto typically entered the condo market in 2015, so they could live in the city centre at a more affordable price. The RE/MAX forecast says price increases for single family homes outpaced those in the condo market, making it difficult for condo owners to trade up. Many high-end luxury homes were sold to local move-up buyers as well as buyers from China and the Middle East.

Mississauga

Homes in high-demand neighbourhoods, such as Erin Mills, often fetched multiple offers, which wasn’t the case a few years ago. First-time buyers in Mississauga were typically families leaving Toronto or new immigrants who tend to purchase town homes or semi-detached homes in the range of $500,000. Prices are expected to jump 6% in 2016.

Brampton

Brampton is considered an affordable market for first-time buyers in the GTA, with an average price of $488,300. Many millennials are living with parents or renting as they save and wait for a good deal so they can enter the market. Young buyers tend to favour condos in the growing downtown area, which is close to both Pearson airport and Toronto.

GURGAON: The Haryana government has paved the way for more real estate in the natural conservation zone of the Aravalis, drawing howls of protest from environmentalists who feel this could destroy its already fragile ecosystem.

In a letter to the district administrations and other officials of Gurgaon, Faridabad and other districts, the government said permissions for construction in natural conservation zones before August 12, 2014 would be considered valid. The letter, dated October 16, and issued by the office of the district town planner, further stated the government has decided to do this to avoid litigation.

But environmentalists see this as a backdoor move because the process to demarcate natural conservation zones anew is still on through a method called ground-thruthing.

"Instead of summarily cancelling all licences, Haryana government has chosen to take the side of the builders' lobby and put its seal of approval on environmental shenanigans of the previous government," said Chetan Agarwal, a Gurgaon-based environmentalist.

The primary goal of homeowners to remodel their houses is to make their homes more appealing when they are listed in the market, but a recent report from the National Association of Realtors has revealed that home remodeling can also benefit homeowners that don't have plans to sell their homes.

"Realtors® know that certain home upgrades and remodels can be beneficial to get more buyer eyes on a property, potentially bring in more offers or gain more equity from a home," said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. "But remodeling projects are just as valuable to homeowners who simply want to get more joy out of their dwellings. Regardless of the situation, Realtors® know what remodeling projects bring the biggest bang for the buck and what projects are most likely to improve a homeowner's impression of their current place."

Canada’s Real Estate Bubble Is Jaw-Dropping
Canada’s housing market is overpriced and the nation’s real estate bubble is due to burst at any moment. At least, that’s what we’re told.
This message has been repeated so often that many Canadians have tuned out the conversation altogether. But lately, the country’s housing market has defied reason. Despite years of stagnant wages and a slowing economy, real estate prices continue to soar at a nearly double-digit clip.

Regardless of your views on real estate, the nation’s two-decade-long housing boom has produced some jaw-dropping statistics. Here are 10 incredible numbers from Canada’s real estate bubble.
1. $1,226,300
A shortage of listings and intense demand is driving up prices beyond any bounds of reason. In Calgary, the average detached house sold for $509,392 in November. In Toronto, just a semi-detached home will set you back $750,608.
However, Vancouver’s real estate market really takes the cake. According to the Real Estate Board of Vancouver, the benchmark price for a detached house in the Metro Area increased 22.6% year-over-year in November to $1,226,300.

It has long been an act of rebels, activists and, indeed, criminals to plaster the walls of a city with a can of spray paint. And it remains the pursuit of outsiders who do their work out of sight or in the dead of night.

Even for those who made a name for themselves in street art, such as Britain’s mischievous and scathing graffiti legend Banksy, the reward has often been to see one’s work quickly scrubbed or painted over by authorities.

Locally, there is an aggressive new commercial campaign to promote street artists and muralists. One painted a 65-foot portrait of F. Scott Fitzgerald, with a silhouette of his wife, Zelda, on the side of an apartment building. Another spray-painted an abstract array of bright polka dots and stripes on a brick wall in Rosslyn. A third blanketed the wall of a parking garage at the National Cancer Institute with images of the United States and Native Americans.

A group of painters is making over drab corners of the Washington area with large-scale murals, each bringing their own talent and inspiration to a genre popularized in the United States by graffiti artists. But all the new pieces share the same origin: the anonymous gray office building on Willard Avenue in Chevy Chase, Md.

Modern Family star and newlywed, Sofia Vergara, is giving real estate career a go starting with renting out her Los Angeles-located condominium unit for $7,200 per month. She takes on the role of a landlord if the unit will have a tenant in the soonest possible time.

The unit is on the ninth floor of the condominium located in Wilshire Boulevard in Los Angeles. The tenant will be expecting white-walled interiors with a 2,071 square-foot unit of living space with three bedrooms and 3 full baths. Moreover, the unit boasts picture windows that is overlooking the magnificent green surroundings, city and the boulevard views.

The best thing about the unit is the huge walk-in shower with an enormous bath tub and very chic marble countertops. Moreover, the big walk-in closet is also to-die for. The dark hardwood floors make the entire unit chic and easy to decorate.

The amenities of the condominium include 24 hour security, valet parking, concierge, exercise room, pool, sauna and many more. According to the listing on Realtor of the condominium, each unit has interior features such as dishwasher, refrigerator, built-in cooking appliances, microwave, range, breakfast counter or bar, pantry and laundry area.

BUCHAREST, Romania –  Prosecutors on Friday detained Romania's Prince Paul in a case of alleged real estate fraud involving a top aide to a former prime minister and a newspaper editor.

Prosecutors ordered businessman Remus Truica, the former head of Cabinet of ex-Premier Adrian Nastase, be put under house arrest Friday. Truica has been charged with setting up a criminal group in 2006 that is alleged to have fraudulently acquired 170,000 square meters (1.8 million square feet) of state-owned land for Prince Paul. The fraud is estimated at 136 million euros ($150 million).

Paul was questioned Friday afternoon and later handcuffed and detained in the central city of Brasov, where the probe is being conducted. He denies wrongdoing and says he is a victim of Truica.

No-one thought it would be anything other than just a temporary thing.

Christchurch's earthquake-damaged homes would be fixed or rebuilt, and things would return to normal.

But with insurers cashing out claims and repair work expensive, the real estate landscape has changed.

Many damaged homes are not just liveable but saleable, and are selling and re-selling. Insurance payouts are bankrolling windfalls for both buyers and sellers.

There is no public database and details of damage and quake claims are privately held. So authorities, valuers, insurers and real estate agents are having to adjust.

"This is going to be an on-going problem that Canterbury will have for years to come," says property valuer Natalie Edwards, who owns Urban Edge Valuations.

Many of the homes are being "legitimately and properly" repaired, she says. Buyers include builders, landlords, and homeowners excited by a cheap purchasing option.

But some people will plaster over the cracks, and those houses may catch later buyers unawares, Edwards says.

"The problems come about when someone doesn't know the history of the home — where there's no transparency of information.

"It will just get worse as time goes on. There are large parts of the city with homes that will never get repaired — they're not worth the money to repair." 

 She recommends buyers take nothing for granted and get an an engineering report, not just a building report.

"People can be very devious. If you can sell something for reasonable money and don't have to disclose information and that's to your advantage, then people will do it."

Red flags for valuers that a home may not be what it seems, Edwards says, are a discounted previous price, references to damage in previous advertising, or a lack of detailed paperwork or consents.

Sam Zell knows more about real estate investing than anyone else and according to him, it is all about timing. Zell sold his real estate firm Equity Office to Blackstone Group for $39 billion during the peak of the market in February 2007. This was just months before real estate credit markets begin to plummet.

Timing is really important and it pays to know when to buy and when to sell. Zell did this not just once but twice! At the end of October, his Equity Residential real estate fund sold more than 23,000 apartment units to Starwood Capital for $5.4 billion. His company plans to see another 4,700 units sometime soon. Most of the proceeds will be returned to investors next year in the form of dividends, an article from Business Insider revealed.

Zell's technique is to cash out of non-core assets and rather than re-invest, most of the cash is given to investors.

So how does Zell know when to sell?

REITs (real estate investment trusts) are considered to be lucrative sectors after the 2008 credit crisis. REIT prices are up 286 percent from their March 2009 low, compared to 209 percent for the S&P 500 over that same period.

According to Real Capital Analytics data commercial property values reached an all-time high on record in August--up 14.5 percent and even surpassing the previous numbers.

For David Behin, co-founder and CEO of CityFunders, proving real estate investment opportunities for accredited investors, his goal was to help bring real estate investing to the masses. Fast forward to now, and the pool of real estate investors has noticeably increased, with the passage of the JOBS Act, Title III. The new law contributes to CityFunders’ purpose: enabling the majority of people to invest in what was once only available to the elite.CityFunder

With a potential outpouring of money coming into the marketplace–Title III just received the SEC’s approval in October–David believes that regulation will beneficial for the industry. But Title III’s benefits are, of course, not limited to the real estate crowdfunding; Pensco Trust Company’s CEO believes Title III retail crowdfunding may benefit from IRA money retail crowdfunding may also benefit from IRA money. Steve Wallman last month shared his thoughts on Title III’s equity crowdfunding rules, informed by his background as a former SEC Commissioner.

Recently, Crowdfund Insider caught up with David about his thoughts on what the passage of Title III means for the future of real estate investing and crowdfunding.

Midori Yoshimura: Following the recent passage of Title III, how do you see regulation as benefiting the crowdfunding industry?

David Behin: The new regulations will vastly expand the number of eligible investors.

Midori: What do you see as the short-term and long-term effects of Title III?

David: I don’t expect much to happen in the short term, as these regulations won’t become actionable until mid-2016. Further down the line, I do expect increased regulatory involvement on the industry at large.

Midori: Given the expansion of eligible investors, how much of a bump might we expect to see in funding in the equity crowdfunding marketplace?

David: I think a significant bump will come, but it’s important to remember there will be a learning curve which will affect adoption. On the platform side, this consists of new processes and paperwork, as well as significant fees associated with opening portals up to non-accredited investors. Investors will have to research the different platforms and deals available to find what works best for them.

DUBAI, UNITED ARAB EMIRATES:  A Dubai real estate firm building a $6 billion golf complex with Donald Trump on Thursday stripped the property of his name and image amid a backlash over the US presidential candidate's proposal to ban all Muslims from entering the United States.

Trump triggered an international uproar when he made his comments in response to last week's deadly shootings in California by two Muslims who authorities said were radicalised.

DAMAC Properties had initially said it would stand by Trump, even as another of the billionaire's Middle East partners, the Lifestyle chain of department stores, halted sales of his "Trump Home" line on Wednesday in protest at his comments.

A spokesman for DAMAC Properties, Niall McLoughlin, declined to comment on why Trump's image had been removed from a billboard outside the project construction site, along with that of his daughter, Ivanka Trump.

Tuesday, 8 December 2015

Millennials now make up to 83.1 million according to the U.S. Census Bureau. That is roughly more than a quarter of the population of the United States of America. As the generation enters into a phase where they are now one of the major buying force, they have been getting more attention from all businesses such as the real estate industry.

However, the working generation is far different from their baby-boomer parents. This generation have been faced with more changes than any other generations. In addition, they have been brought up in the age where the technological boom has contributed a lot.

It is to be expected that the millennials will be the future of housing and real estate demands. However, as this generation faced economic challenges such as the Great Recession, some of the key milestone in life, as pointed out by the ‘American Dream’ which is talked about here, are also delayed.

Millennials is the most diverse and educated generation. However, with the delayed milestones, millennials have preferred renting than than owning a family home. In fact, millennials are not infatuated with big homes. They are more into minimal homes, but prefers to see and travel the world.

Monday, 7 December 2015

 hope in the government’s final notification setting limits of 100 metres around the eco-sensitive zone around the Okhla Bird Sanctuary on August 19, 2015. With 60,000 apartments expected to be delivered, realty experts, too, said they expected a revival of the Noida market, with which most of the projects around the bird sanctuary are associated. Till date, major signs of revival are still not visible in the market.

Positive outcomes so far have been the slight pick-up in demand in the existing inventory, as claimed by developers; issuing of completion certificates by Noida Authority for housing projects, enabling many homebuyers to get legal possession of their apartments after long delays.

The situation is no different along the Noida-Greater Noida Expressway, a 35 km six-lane highway which connects Noida with Greater Noida, once marketed by developers in the area as the USP of their projects with real estate activity as subdued as in other Noida areas. “Any project along the Noida Expressway boasts of a prime location and easy connectivity to Delhi, Greater Noida and other sectors within Noida, but as other Noida sectors have become equally well-connected and have better locations, the highway can no longer remain a major attraction for buyers. Housing projects in other sectors of the city have also been delivered, but delayed possession in projects near the Expressway means dashed hopes of homebuyers,” says Gaurav Tiwari, a Noida broker who had to shut shop because of poor demand for housing in the market. Now working as a senior relationship manager with a leading real estate consultancy firm, he says “We literally have to beg customers to buy apartments. It is difficult to market premium projects along the Expressway,” Tiwari adds.

Friday, 4 December 2015

Climate change threatens the lives of millions as it causes the seas to boil and the skies to burn, but hey, everything's a business opportunity if you look hard enough. Higher Tides Realty is a dedicated climate change real estate agency that helps buyers ensure that their new homes won't be underwater in the future. By analyzing the terrain of areas behind coasts, it's possible to work out where the "new" coastline will emerge once the seas stop rising. Before you ask hey, wasn't that Lex Luthor's plan in Superman: The Movie? The answer is yes, yes it was. Despite this, when we asked Higher Tides' Jake Collins if this was a joke, he insisted that it wasn't.

Rather than attempt to save the planet (and its population) as it stands, some cynical minds are already planning for their post-apocalyptic lives. In 2013, the late futurist James Martin spoke about how climate change cities will become the most desirable places to buy homes just before the world ends. For example, a Canadian city high above sea level will become as sought-after as New York when everything else is under the sea. In Martin's apocalyptic view, these locations will have to be heavily fortified to prevent displaced people from lower-lying regions getting in. And yet, despite how horrific that sounds, Jake Collins still insists that his venture isn't a joke.


Navi Mumbai Association of Realtors (NMAR), Navi Mumbai unfolded the 1st NMAR Real Estate Conference-EMPOWER on the 27th November 2015 at CIDCO Convention Center Auditorium, Vashi, Navi Mumbai. It was inaugurated by Sanjay Bhatia, Chairman and M.D. CIDCO. It was a extensive one day conference with the theme ‘EMPOWER’ a platform for the Industry leaders from Real Estate and realtors.

The 1st NMAR Real Estate Conference-EMPOWER attracted delegates from all fields like Brokers, Builders, Developers, Architects, Legal Experts, Chartered Accountants and real Estate Consultants from not only Mumbai but all over India, the conference was a knowledge gaining event and a great Networking platform for more than 800 delegates .

The day began with CIDCO MD. Sanjay Bhatia’s Speech, giving briefing of CIDCO’s on future projects & shape of Navi Mumbai, he also informed about self funded CIDCO Navi Mumbai South Smart City of 7 towns, NMMC Commissioner Dinesh Waghmare’s presentation was for contribution & responsibility in upcoming smart city Navi Mumbai Challenge competition of Ministry Of Urban Development, Govt. Of India, New Delhi and other upcoming municipal projects in Navi Mumbai, there was a session on Taxation and another session Professional Approach in Business by Vinod Thakkar. It was a full day of Empowering Realtors through Fellowship, Networking & Education under one roof.

Monday, 30 November 2015

On Nov. 5, 2013, surrounded by a crowd of attorneys, court officials, and four would-be condo buyers, Donald Trump sat down in a conference room in his flagship Fifth Avenue building and began to tell his version of a real estate deal gone awry.

Trump had licensed his name to a luxury condominium project in Fort Lauderdale, Florida, but the building was never completed and those who had put down deposits, ranging from $85,000 to $500,000, wanted their money back. More than 100 of them would file suit, with the largest group — which swelled to 81 people as it neared trial — suing for $7.8 million. By the time Trump sat down for his deposition, the other defendants in the lawsuits, those who were the actual owners of the building, had settled for undisclosed terms. Trump, who hadn’t invested his own money in the project or overseen any of the construction, fought on. He was fighting for the Trump brand.

“I’m in a unique position,” Trump testified when asked about licensing his name to buildings he didn’t own or develop himself. “I built up a great name, and the name is something that people like, and it has been very successful.”

But the name alone was not enough in the case of the Trump International Hotel and Tower, Fort Lauderdale, a 24-story, 298-room beachfront property designed by architect Michael Graves, known for buildings like the Denver Public Library, as well as the line of consumer products he designed for retailers like Target and J.C. Penney. No one disputed that the project had ended in failure, with the luxury building never even completed. Plagued by delays in financing, construction, and budgeting, it was ultimately sold in a foreclosure auction for $115 million, far less than the $200 million it cost to build. Would-be buyers didn’t get their money back. Trump’s name, the primary reason many of them had put down deposits in the first place, was removed from the project.

Nov 30 Arcapita, the Bahrain-based investment management firm, has sold real estate assets it jointly held with Saudi Arabia's Al Rajhi Capital for 1.35 billion Saudi riyals ($359.81 million), the two companies said in a joint statement on Monday.

The ARC Real Estate Fund, which had a lifespan of five years, acquired seven assets in logistics, warehousing and retail in Saudi Arabia and the United Arab Emirates, they said in the statement.

The fund appointed an external consultant to advise on the sale in April. They did not say who they had sold the assets to.

Al Rajhi Capital is the investment banking arm of Saudi Arabian lender, Al Rajhi Bank. ($1 = 3.7520 riyals) (Reporting by Hadeel Al Sayegh, editing by Louise Heavens)

Jabong Mailer (CPA)

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