Jabong Mailer (CPA)
Showing posts with label real estate company. Show all posts
Showing posts with label real estate company. Show all posts

Thursday, 17 December 2015

After floods its business as usual for Chennai real estate

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.

Tuesday, 8 December 2015

Real Estate Tips: How to Create Your Own Comfortable Home Office

In this age of internet and world wide web, working from home is the most preferred option of many, especially for freelancers such as bloggers and online workers. In fact, many have their own home office in the comforts of their houses.

Designing your own home office can be tricky since you want to feel and be productive in that particular area, where you will be spending most of your time for work.

Realty Times listed few tips on how to create your own chic and productive home office. Here are some.

Keep it minimal and organized.

You would want to work in a place that is so serene calm and very orderly. Clutter on your desk, on the floor, or even on the wall could affect your productivity by having you focus on other details of the office than the work. So keep it organized and very minimal as possible.

Friday, 4 December 2015

Mexican real estate firm Cadu raises $144 mln in market debut

Dec 4 Mexican real estate firm Cadu said on Friday it had priced its initial public offering (IPO) at 18 pesos ($1.08) per share, raising up to 2.4 billion pesos ($143.59 million) as it seeks fresh resources to boost growth and pay debt.

Cadu offered about 110.5 million shares in its primary offering, including its greenshoe option, and nearly 23.2 million shares in its secondary offering. The shares were sold in Mexico and on the Latin American Integrated Market, or MILA.

The price was below the 21.50 - 23.50 peso range the firm had estimated in its prospectus.

Cadu, which becomes the fifth IPO on the Mexican bourse so far this year, had sales of 3.19 billion pesos in 2014. It plans to use 300 million pesos from IPO proceeds to pay down debt and use the rest for working capital, purchase of land, and any costs of the issue.

($1 = 16.7147 Mexican pesos) (Reporting by Gabriela Lopez; Editing by Frances Kerry)

1st NMAR Real Estate Conference-EMPOWER held

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

Xander bets big on India real estate

After a decade of investing in real estate in India, global investment firm Xander Group Inc. is actively looking at fresh investments across retail, commercial office and residential sectors even as the country’s property market reels under a slowdown.

Over the past 10 years, Xander has invested over $2 billion in equity in real estate in India from its various platforms. Xander, which builds retail shopping malls under its development arm Virtuous Retail, has financed residential projects through a series of real estate funds and engages in debt lending through its non-banking financial company (NBFC) Xander Finance.

With the National Democratic Alliance government relaxing foreign direct investment (FDI) norms earlier in November, international investors such as Xander are finding newer and easier ways of investing in real estate.

“We are very excited about it. FDI rules with regard to smaller projects make it very interesting because they allow us to do more retail. Size is no longer a constraint so I can now do community centres. Instead of a 1 million sq. ft project, which takes 6-7 years or more, now we can do 100,000-150,000 sq. ft city centre community spaces. That can be the rollout strategy across the country, and not just the top 10 markets. We can also buy existing assets, which is small, because there isn’t much to buy from,” Siddharth Yog, founder of Xander Group and chairman of the investment committee, said.

Bahrain's Arcapita and Saudi's Al Rajhi Capital exit real estate fund

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)

Real estate market yet to recover

Property prices in the National Capital Region have failed to pick up once again. A recent report has revealed that while rental prices showed a ‘marginal dip’ in the city, property prices ‘stagnated’ for the July-September period.

The slump in the real estate market has also led to a 30 to 35 per cent decline in new launches in just over six months. An Insite report released by 99acres.com states that over 1.7 lakh units in Delhi-NCR remain unsold. In that, Noida has witnessed the maximum pile-up of about one lakh flats, while Gurgaon witnessed 26,000 units remaining in the developers’ kitty.

Elaborating on the report, Narasimha Jayakumar, Chief Business Officer ( 99acres.com ) said: “The residential real estate segment of the NCR continued to be in a state of inertia from July to September 2015. The slew of infrastructure developments and government reforms failed to bolster spirits, thus, leading to an increased probability of price slump in the forthcoming quarters.

Rupee devaluation and numerous freebies by developers attracted investment from Non-Resident Indians (NRIs), especially in the luxury and ultra-luxury segments.”

In Delhi, Chattarpur and Kundli emerged as the frontrunner in property prices, having recorded a growth of nine per cent each. These were followed by Kalkaji, which saw prices strengthening by eight per cent in the quarter ending September. The growth in South Delhi’s Chattarpur can be attributed to it being an unauthorised locality, where property prices are comparatively low. Kalkaji, too, owes its price appreciation to the presence of MIG housing.

“A prime factor that adversely impacted Delhi’s realty landscape is the spike in circle rates, which translated into a 20 per cent rise in property price tags,” said Mr Jayakumar.

Friday, 27 November 2015

Real estate investors snap up medical office buildings as boomers age

As aging baby boomers fuel growing demand for health-care services, investors are increasingly turning their attention to medical office buildings — a niche within the real estate market that some argue is recession proof.

“Doctors are paid by the government in Canada, so they’re pretty secure tenants,” says Huy Lam, a broker at Colliers International who specializes in the health-care real estate space.
Lam says demand for medical office buildings in Canada has been on the rise in recent years — a trend he expects to continue as the number of seniors in the country balloons.

Ownership in the space is fragmented — everyone from institutional investors such as pension funds to real estate investment trusts to wealthy individuals — making it difficult to quantify how much money is flooding in.

However, Colliers forecasts more than $211 million in medical office building sales in Ontario alone this year. That compares with $126 million back in 2011, according to data compiled by the commercial real estate brokerage.

The Canada Pension Plan Investment Board announced in August that it was taking its first steps into the health-care property space, teaming with a U.S. real estate investment trust to invest in a portfolio of medical office buildings in California worth a total of US$449 million.

CREDAI Nashik holds B2B with estate brokers to boost real estate sector

NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) Nashik recently held a business to business (B2B) meeting with the local real estate brokers in a bid to boost the real estate sector in Nashik. 

Around 100 residential projects by around 30 city builders were showcased during a meeting held in Hotel Gateway in Nashik, which had been attended by around 200 brokers. 

The real estate sector is already passing through a phase of recession for the past three-four years and Nashik's real estate sector is also not exception to this. Around 4,000 ready flats are lying unsold due to recession. Hence, the CREDAI has taken initiative to connect brokers to boost sale of real estate properties in the city. 

Friday, 18 September 2015

BRIEF-Gree Real Estate's unit gets regulatory approval for up to 700 mln yuan bonds

Gree Real Estate Co Ltd

* Says unit gets securities regulator's approval to issue up to 700 million yuan ($110.01 million) bonds

Source text in Chinese: bit.ly/1F6e96I

Further company coverage: ($1 = 6.3628 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

Read Full Story: BRIEF-Gree Real Estate's unit gets regulatory approval for up to 700 mln yuan bonds

China Real Estate Site SouFun Gets New Investment

SouFun Holdings, operator of China’s biggest real estate portal and known as Fang.com in China, has secured $400 million to $700 million from private-equity firms IDG Capital and Carlyle Group, together with the company’s CEO Vincent Mo.

The subscription price of the newly issued shares is $5.85 per American depositary share, two cents below where U.S.-listed shares closed Thursday and well off the $19.94 lifetime high hit during China’s real estate boom.

For IDG, the investment adds to the firm’s 2.8% stake.

Mr. Mo said the Beijing company, in the midst of a revamp, will use the funds to “expand aggressively to more cities and rapidly increase its market share in existing cities.” SouFun’s apps and sites include real estate listings covering nearly 400 cities in China.

This Hong Kong real estate startup wants to fix a very broken industry

The first time I tried to find an apartment in Beijing, it was a nightmare. All the online listings I found were full of lies. Great-looking apartments turned out to have totally fake photos when I got a chance to see them. And the agent I got linked up with kept dragging me to terrible places – like a damp underground studio with no windows – despite the fact that they had none of the features I was looking for.

At the time, I didn’t understand why. But Joshua Miller (pictured), the CEO of Hong Kong real estate startup Okay.com, has pulled the wool from my eyes. And he says the same kind of things are happening in Hong Kong.

The problem
The Chinese real estate market is “incredibly inefficient” and “very fragmented,” says Josh. “There are approximately 400,000 agents across approximately 35,000 agencies in China, and that’s the sign of a very broken industry.”

In Hong Kong (as in mainland China) there is no MLS-style master database of available properties that is accessible to all realtors. Instead, property listings are controlled by whatever agent is representing the seller. Agents tend to keep their best listings to themselves, Josh says, so that they can be sure their buyers get the place and they get the commission.

Real estate agents who can’t give an estimated selling price are ‘in the wrong game’


With proposed new laws aimed at stamping out underquoting passing through the lower house of parliament this week, the NSW government has a blunt message for real estate agents.

That is: if they can’t provide a reliable price guide on what a property will sell for, they’re “in the wrong game”.   

“If an agent can’t work out the estimated selling price, then maybe the agent needs to go back to school and work out how to do it,” Fair Trading Minister Victor Dominello said during an exclusive interview with Domain.

Google Earth plug-in lets real estate junkies check out years of Sydney house prices

Real estate is already an unhealthy obsession in Sydney, and now the state government is throwing fuel on the flames.

On Friday, NSW Minister for Finance, Services and Property, Dominic Perrottet, announced that 14 years worth of New South Wales property sales data would be accessible for free on a digital mapping service called NSW Globe.

In all seriousness — the availability of this kind of information, typically a huge bother to access, is a very welcome move towards open data in local government.

SEE ALSO: Australian scientist wins Ig Nobel for essentially un-boiling an egg

"Until now, people had to pay the government or a third party provider to access property sales data," Mr Perrottet said in a statement. "The NSW Government recognises that in a booming property market, buyers and sellers are entitled to accurate and accessible land and property information."

Real Estate Lobby behind Jacob Thomas' Transfer?

THIRUVANANTHAPURAM:The transfer of Fire and Rescue Services director-general Jacob Thomas has stirred up a hornet’s nest following allegations that the officer’s unceremonious exit was at the behest of a real estate developer organisation.

The decision to swap the roles of DGP Jacob Thomas and Kerala Police Housing and Construction Corporation (KPHCC) managing director Anil Kant was taken by the Cabinet on Wednesday. Thomas, who took over as the Fire Brigade chief in May, had taken a strict stand against fire rule safety violations by apartment builders. A couple of projects in the state were reportedly denied NOC after Thomas directed the force to act tough.

Combined Decision
Sources said the transfer came after the officer refused to oblige to the directions by Home Minister Ramesh Chennithala and Urban Affairs Minister Manjalamkuzhi Ali to soften his stand. The two ministers reportedly told their Cabinet colleagues that the official’s transfer was inevitable for the survival of the construction sector.On Thursday, Thomas told mediapersons that he was unhappy over the transfer as he should now occupy the post held by a junior officer. On the reasons behind the transfer he said: “I stood for the safety of the public. I’m yet to get the order, will respond after receiving it.”Opposition Leader V S Achuthanandan alleged that Thomas’ transfer was owing to the pressure from flat lobbies. “Several apartment complexes in the state, including those under construction, do not adhere to the fire safety precautions. The Home Minister and the Urban Affairs Minister were bribed by the flat lobbies,” he said.“The transfer may cost the lives of thousands of people in the state,” he added.   

2 guys ran a sexist ad campaign against working moms— and it totally failed

Between accounts of office sexism and the gender pay gap, it's no secret that women often get the short end of this stick in the workplace.

So it only makes sense that people online are up in arms about this recent flyer from Seattle real estate firm Costello and Costello.

Here's the front of the flyer, which asks, "Who would you rather represent you?"

Read Full Story: 2 guys ran a sexist ad campaign against working moms— and it totally failed

Unless real estate products work, stock prices cannot do well: Daljeet Singh Kohli

Real estate today rate sensitives are active, real estate is active and I hear a lot of people say that the pain is already in the price when it comes to real estate names if you go out and selectively buy real estate stocks you could actually make multibagger returns over the next three-four years. Do you believe in the same or similar theory and if so why? Which real estate stock would you recommend if you would recommend? 

Read Full Story: Unless real estate products work, stock prices cannot do well: Daljeet Singh Kohli 

Thursday, 17 September 2015

Real estate queen buys $10M unit in SoHo’s tallest condo

Real estate maven Jane Goldman, the daughter of late industry titan Sol Goldman, is in contract to buy a three-bedroom, 14th-floor unit at 10 Sullivan, the new luxury condo designed by Cary Tamarkin that will be the tallest residential building in SoHo.

Developed by Property Markets Group and Madison Equities, the unit — just under 3,000 square feet — is in contract for just under $10 million.

Goldman, we hear, loved the unit’s private dressing room and 28-foot great room with 11-foot ceiling heights.

The listing brokers in the off-market deal were Douglas Elliman’s Andrew Anderson, Emily Sertic and Jared Seligman.

Understand risk management in real estate sector

The real estate sector in India has traditionally been an unorganised sector of the economy. However, over the past few years, with the inflow of FDI and increasing NRI investment, the sector has received a lot of attention from the government leading to increased regulatory norms. As a result, it has metamorphosed from being largely fragmented and unorganised to a structured and organised one like its peers in developed economies.

A study by Investment Information and Credit Rating Agency of India Limited reveals that the real estate sector contributes to 6.3 per cent of the total GDP and is the fifth largest hotbed of foreign investment. However, much like other sectors, companies engaged in the construction and development of properties are also exposed to varying degrees of uncertainty, both at the macro-level, which affects the economy as a whole and at the sector level. Effective risk management is, therefore, crucial for a company to optimise its performance.

Western Avenue Capital and ALTO Real Estate Funds Acquire Salt Lake City Retail Center

LOS ANGELES--(BUSINESS WIRE)--A joint venture between Western Avenue Capital and ALTO Real Estate Funds announced that it has acquired American Fork Shopping Center, a 148,180 square foot anchored retail center in American Fork, UT, a suburb of Salt Lake City, UT. The acquisition price equates to a mid-8% going-in cap rate, providing mid-teens cash on cash returns to the joint venture as it seeks to reposition the asset for the long term.

American Fork Shopping Center is situated on 9.32 acres at 648 East State Road at the southwest corner of East State Road and South 700 East in American Fork. The retail center is well-located on State Road, the main thoroughfare through American Fork, one mile north of Interstate 15. The property is 95 percent leased to national and regional tenants including Vasa Fitness, Jo-Ann Fabrics, Big Lots, Little Caesars and Del Taco, many of which are on long term leases.

“The property provides the ideal mix of cash flow and tenant mix, along with the opportunity to invest in the stable, growing market of Salt Lake City. We hope to grow our presence in the Salt Lake City metro and continue to work with professional and reliable capital partners like ALTO,” stated Jonathan Kasirer, partner at Western Avenue Capital.

Subscribe to: Posts (Atom)
Jabong Mailer (CPA)

Popular Posts

Copyright © IRealEstates | Powered by Elinkad