Jabong Mailer (CPA)
Showing posts with label real estate company in Varanasi. Show all posts
Showing posts with label real estate company 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 As the next big thing becomes outdated faster than you can swipe a smartphone, it’s not always easy to predict which specific company will have staying power.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.

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.

In 2016, it won't come as a shock if people will be willing to walk away from the deposit they place on pre-selling apartments, Phil McCarroll of Your Investment Property reports.

Douglas Driscoll of Starr Partners real estate agency is predicting that an addition from the present concerns with this year's off the plan sales will be that buyers will begin to find their prospective purchases as overvalued.

"In 2015, we saw a lot of developments granted planning permission but I think heading into 2016 we will see them feel a bit of pain because some purchased their sites on such narrow margins.  As market levels fall away slightly, some developers might struggle to cover costs," Driscoll said.

"Towards the end of 2016 we might start to see some investors potentially walk away from their deposits because they perceive that they paid too much for it in 2015 and see that it's no longer worth the risk," he said.

According to Driscoll, this tendency is a "knee-jerk" action which he doesn't recommend, but Mark Mendel of iBuyNew off the plan consultancy firm would like to disagree with Driscoll's forecast saying that it is a little off target.

"I think we would only see that if prices in Sydney had a rapid fall. If you look at the history of Sydney property cycles we have a period of strong growth for three or four years and then a period of six or seven years where things slowdown a bit," Mendel said.

"I don't think people are at the point where they're ready to lose their deposits, I mean something like $70,000 or $80,000 is a lot of money. I think people will be more likely to take the rental return and wait until capital growth picks up again," he said.

For Mendel, the walking away is a nonissue, but he recognizes the possibility that some projects may never eventuate.

"I think we'll see a drop in the level of activity. A lot of the developers who bought sites on option aren't going to go through with it and they'll hand the land back.

"We'll see construction drop off, but the bigger boys in areas like Green Square will keep going though."

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.

LONDON: Banks would have to set aside more capital to cover "buy-to-let" mortgages and place greater emphasis on a borrower's ability to repay a home loan under draft rules from global banking regulators on Thursday.

The Basel Committee of banking supervisors from the world's main financial centres published revised proposals for banks using the so-called standard approach, rather than in-house models, to determine how much capital they must set aside to cover the risk of a loan turning sour.

This so-called credit risk is the single biggest calculation made by banks as it covers between 60 and 90 percent of the risk-weighted assets on their books.

Thursday's second consultation on credit risk is aimed at simplifying Basel's suite of complex capital rules in order to iron out large differences in how much capital banks from different countries set aside to cover similar risks.

Basel unveiled key changes, such as introducing a clear delineation between types of home loans when it comes to capital charges.

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.

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.

It used to have the most expensive real estate in the world but prices in Tokyo have plummeted, with millions of houses unable to be sold.

Chinese middle classes, mainly from Beijing and Shanghai, are coming in for the cheap takings and buying up apartments in central Tokyo.

But on the outskirts of Tokyo, in Yokosuka, houses lie abandoned all over the place.

Some look as if they have been deserted for years and others as if the inhabitants suddenly upped and left.

The Japanese call them ghost homes.

In the 1970s and 1980s people came to Yokosuka to buy affordable real estate and escape the boom time prices of central Tokyo.

Now 14 per cent of homes lie empty and across Japan a staggering eight million are unoccupied.

Blackstone Group LP is seeking to raise $4 billion from investors for its latest real estate mezzanine debt fund, according to documents from an investor in the vehicle.

Blackstone Real Estate Debt Strategies III LP will originate and structure mezzanine debt linked to institutional-grade real estate in North America and Europe, according to a report to the Commonwealth of Pennsylvania Public School Employees’ Retirement System from the pension system’s senior portfolio manager for real estate, William Stalter, at its Dec. 7 board meeting. The pension board at that meeting committed as much as $100 million to the fund, according to its website.

The fund offers investors the opportunity to underwrite complex real estate deals where traditional capital is scarce, Stalter said in the report.

Fundraising for private real estate debt hit a record $24 billion in 2014, according to data from Preqin Ltd. At Sept. 15, prior to Blackstone’s raising, there were 56 closed-end real estate debt funds in the market, targeting a combined $26 billion, Preqin said.

Blackstone has lowered the performance hurdle on the new fund -- the return rate it is required to meet to receive carried interest -- to 6 percent, Stalter’s report said, because of the low interest rate environment. The firm has not set a cap on the fund, according to the report. A representative for Blackstone didn’t immediately respond to requests for comment.

The recent Cabinet approval for the Real Estate (Regulation and Development) Bill has been hailed by developers and industry experts, saying the move would set the benchmarks in consumer rights protection. But the ‘good’ cannot go with imperfections in its smaller details. So it is pointed out that if speedy project approvals are not brought into its ambit, it could lead to project delays and even rise in costs. The Union Cabinet approved the Real Estate (Regulation and Development) Bill, 2015, and it will now be taken up for consideration by Parliament.

Industry reactions:

Shishir Baijal, CMD, Knight Frank India

It is a welcome move for the entire industry and the amendments are likely to lift overall sentiments. The amendments are in the right direction, but they should be implemented within the time frame and we should not lose the momentum now. With the Cabinet nod, the Bill is very much ready to become an Act, post which the onus will be with the States on how they adopt and implement it.

Anshuman Magazine, CMD, CBRE South Asia

The Bill will prove a game changer, protect the consumer and encourage every buyer. However the ease of doing business needs to be implemented in the real estate sector through a time-bound approval mechanism by the government/local/ urban bodies. The government bodies also need to be held accountable for ensuring reforms in laws and timely project approvals.

Farook Mahmood, President, FIABCI, World Council of Brokers, & CMD, Silverline Realty

It’s a positive step that would offer a fillip to the market. But having taken a closer look at the details, I would think it would need a little tweaking with respect to broker penalty. In the event of builder/promoter not adhering to rules, how can a penalty of nearly 10 per cent be slapped on the broker community? We hardly get 2 per cent in our dealings, where is the reason for such high penalisation for brokers?

Wednesday, 9 December 2015

PHILADELPHIA, Dec. 8, 2015 /PRNewswire/ -- GoldOller Real Estate Investments announced its fourth major acquisition in 2015 with the purchase of the 560 unit Bonita Fountains Apartments in Orlando. GoldOller acquired Bonita Fountains Apartments for $42.75 million and intends to invest substantially in both common area improvements and unit upgrades to enhance this resort-style rental community in Southwest Orlando.   Bonita, at 5826 PGA Boulevard, enjoys a park-like setting in Southwest Orlando. Amenities include three swimming pools, two illuminated tennis courts, playground, fitness center, grilling area, business center and two clubhouses. Rentable detached garages with remote access are also available.

According to GoldOller Chairman, Richard Oller, "2015 was another great year for GoldOller. We completed $194 million in acquisitions, representing 2,269 units; expanding in current markets of Atlanta and Orlando and opening up Houston. GoldOller operating performance and rent growth has been outstanding over the entire portfolio, generating solid double digit cash returns." Oller attributes success to a disciplined acquisition strategy and a remarkably strong management team that promotes and rewards creativity and excellence in every line and staff position.

Jake Hollinger, GoldOller COO, said: "We work to find well-performing properties, in growth markets that can be acquired at the right price.  We enhance those properties with strategic capital improvements and then deliver our very unique GO branded resident services in order to achieve above market returns for our investors."  GoldOller is well positioned to execute on great opportunities anywhere in the United States. "Our broad footprint, unusual operational depth and entrepreneurial fervor has proved to be a great recipe for success," Hollinger said.

Formed in 2008 by industry veterans Richard Oller and Jeffery Goldstein, GoldOller is an emerging leader in the multi-housing industry and an innovative owner-operator of apartment communities throughout the United States. GoldOller owns and operates apartment communities in 17 States valued in excess of one billion dollars, containing about 13,000 units, 

Multifamily Management Services, a GoldOller affiliate, provides third party management to communities containing about 30,000 units, while other affiliates develop, own, and operate condominium, office, hotel, industrial, and retail assets.

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Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate arm, through four separate transactions, has acquired a portfolio of office and industrial properties in the metropolitan areas of Atlanta, San Francisco and Boston for $400 million.

These acquisitions are consistent with Investcorp’s strategy to invest in well-occupied properties with healthy cash flows located in major US markets displaying strong economic fundamentals and employment growth, said the company in a statement.

The entire industrial portfolio and one of the three office properties are located in the greater Atlanta area, and should be set to benefit from its highly diversified and growing economy, it stated.

As the business capital of the Southeast, Atlanta boasts some of the highest job and population growth projections in the country. The remaining properties are located in the high-performing sub-markets of San Francisco and Boston, which benefit from strong technology, biotechnology, and healthcare driven office demand.

On the acquisition, Mohammed Al Shroogi, Investcorp’s co-chief executive, said: "Atlanta, San Francisco, and Boston are top business destinations with some of the most compelling job and rental growth stories of recent years. All of the properties in this portfolio are well-occupied with strong, stable cash flows and diversified tenant bases, and thus are well aligned with our investment strategy of working with local operating partners to add value to properties that already provide an attractive current yield."

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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.

If you have been having doubts about investing your hard-earned money on a house, 2016 is the perfect time to finally make an investment. Experts have given some real estate tips you may want to consider.


For a while now, mortgage rents have been moving up and down. They are predicted to start going up but despite this, you still have a chance to get a good deal on a house. You may not be aware, but a number of factors are coming together to make 2016 a great time to make a wise purchase.

Real estate values are expected to slow their pace next year. According to Zillow's Chief Economist Svenja Gudell, prices are expected to make a 3.5 percent increase. This slowdown can lead to a flood of buyers. Realtor.com Chief Economist Jonathan Smoke is predicting that six million home sales will be made through the months of April to September.


Likewise, the price appreciation will urge more home owners to list their homes giving buyers more properties to choose from. Recently, builders have been focusing on building starter and middle-range homes. This move boosts the inventory of the home market giving buyers a great advantage. With more homes, bidding wars will become uncommon and prices could ease down.

However, not everyone can take advantage of this situation. Zillow still expects prices to outpace wage growth making it difficult for lower-income buyers to acquire a home. Also, prices in the country's hottest real estate markets such as San Francisco, Boston and New York City aren't expected to experience a slowdown in real estate values.

I'm a naturally sceptical person and my bulls--t radar was on high alert when I sold my previous place.
Luckily my agent was OK, but I never really felt fully sure if all the offers had been passed on to me and that he was being straight about the likely price my place would fetch.
However, next time I sell that won't be a problem because I'll just use Open Agent to find someone who has achieved exceptional sales results in my area.
The start-up has just launched an awards program for real estate agents. The agents who have received the most outstanding feedback from clients on the site will receive a gong, which they can then use in their marketing to attract new clients.
Advertisement

Co-founders Zoe Pointon and Marta Higuera​ met when they worked for professional services firm McKinsey. They had been tossing around new business ideas for a while when they realised there wasn't enough information available about the people who sell what's generally everyone's biggest asset.
"There was something wrong with the way real estate was working; it wasn't set up around customer needs. We felt the way agents were chosen needed to change; they needed to be held more accountable," Pointon says.
Despite having no previous experience in the area, Pointon coded the business's first site. "We learnt that even without a snappy site people wanted the service," she says.
In just three years, the now 45-person-strong business has raised $8 million in funding and, as at October, held 1 per cent of the market. This is no mean feat given market leaders Ray White and L J Hooker each have just under 10 per cent of the market. Real estate darlings McGrath, which is about to be floated, has about 3 per cent of the market.

Jabong Mailer (CPA)

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