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Showing posts with label residential projects in Varanas. Show all posts
Showing posts with label residential projects in Varanas. Show all posts

Thursday, 17 December 2015

U.S. real estate could see more foreign investment ahead

U.S. assets like real estate may be more attractive to foreign investors in the months ahead.

In contrast to much of the industrialized world’s easy money policy, the Federal Reserve chose to tighten slightly with the start of a rate hike cycle on Wednesday. The divergence in monetary policy is seen as a potential source of volatility in the coming year.

According to Mitch Roschelle, partner at PricewaterhouseCoopers, uncertainty in global currencies, stocks, and bonds could benefit hard assets like U.S. real estate.

“Whenever there's instability in a society or in the world, investors tend to rotate towards the non-trading asset,” he said. “They rotate to real estate as opposed to the trading asset.”

Gujarat will consult realty developers while framing RERA

The Gujarat government will consult all stake holders, including developers, while constituting the state real estate regulatory authority ( RERA), Chief Minister Anandiben Patel said today. 

According to the Real Estate (Regulation and Development) Bill, 2015, approved by the Cabinet last week, the states and UTs need to establish the 'Real Estate Regulatory Authority' to regulate real estate transactions. 

The bill is still to be taken up for discussion and approval by Parli .. 

Saturday, 12 December 2015

Realtors upbeat over easing of FDI norms

Real estate industry expects inflow of foreign capital in the sector to be more than 15 per cent after the government eased FDI norms, a survey by industry body FICCI said.
With the real estate industry facing a huge slowdown for the past 2-3 years, the government last month relaxed foreign direct investment (FDI) norms in construction sector by removing two major conditions related to minimum built up area as well as capital requirement.
“According to FICCI survey, industry is happy and satisfied with current FDI reforms in construction development sector and has shown high level of confidence and optimism towards future flow of foreign capital into realty sector,” the industry chamber said in a statement.
The survey amongst various stakeholders comprising developers, investors and consultants was conducted to assess the mood of real estate industry and their perception on relaxed FDI norms for the real estate sector.
“Respondents were optimistic and felt that FDI reform measures will certainly increase flow of FDI into realty sector in coming months.
According to DIPP, Indian real estate has attracted about $24.16 billion FDI in construction development sector during April 2000 to September 2015.

Friday, 11 December 2015

Real estate prices to keep rising in GTA

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.

Realty permits in green zones okayed in Haryana

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.

Hollo School of Real Estate ranked No. 1 nationally, No. 2 globally

FIU College of Business’ Hollo School of Real Estate ranked No. 1 in the United States and No. 2 globally for its faculty’s real estate research in a study that will be published in the Journal of Real Estate Literature this month.

The Real Estate Academic Leadership (REAL) rankings highlight the authors and institutions demonstrating achievement in intellectual contributions to the field of real estate over the last five years.

FIU outranked the University of Wisconsin-Madison, Massachusetts Institute of Technology and Cornell University. Internationally, the real estate program placed second to National University of Singapore.

“This ranking mirrors the pride we take in our rigorous, relevant, cutting-edge research,” said William G. Hardin III, director of the program. “In this way, FIU’s Hollo School helps practitioners throughout the world understand the market determinants of success and failure in real estate.”

The real estate program offers graduate, undergraduate, dual degree and online degree programs, including a Master of Science in International Real Estate (MSIRE).  Its unique combination of face-to-face classes and Internet-based live Classroom Capture Technology has led many international real estate leaders with extensive travel schedules to pursue the MSIRE degree. The College of Business program has five full-time faculty members and 93 enrolled students.

“The Hollo School is spearheading innovative research for noted economists and worldwide leaders of the real estate profession,” said Jose Aldrich, acting dean of the College of Business. “Congratulations to director Bill Hardin and this top-notch group of faculty scholars, who bring their expertise and passion for the field of real estate to our classrooms.”

The rankings are based on the number of publications in the top three peer-reviewed real estate journals – the Journal of Real Estate Finance and Economics, the Journal of Real Estate Research, and Real Estate Economics – from 2011 to August 1, 2015.

Washington’s top real estate developer is painting murals in your neighborhood. Is it art or marketing? Or both?

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.

Real estate reaps smart technology paybacks

Smart buildings could be characterized as a venue for colliding cultures as real estate moves away from a tradition of proprietary systems and IT takes on a growing role in operations. A seminar at last week’s PM Expo in Toronto even presented that theme in an energy management vs. building automation context, albeit largely as a teaser for a discussion of the broader linkage of technologies to deliver high-performance buildings.

“I think we’re at a point where it is no longer a conversation about a building automation system or an energy management system or about water management. It’s a conversation about the environment,” observed Chris Piché, a principal with the engineering and green design firm, Integral Group, and one of the seminar presenters.

Elsewhere at PM Expo, real estate owners/managers and IT service providers likewise explored how smart technology and innovation are transforming buildings, as part of a panel discussion sponsored by the Building Owners and Managers Association (BOMA) of Greater Toronto. They pointed to the efficiencies and savings that can come with real-time monitoring and operational responses, which also support asset value and competitiveness in the marketplace through enhanced ability to attract and retain tenants.

“I suspect the evolution of technology in our buildings is going to come rather quickly,” mused the discussion moderator, Lachlan MacQuarrie, vice president, real estate management, with Oxford Properties Group. “My advice would be: you probably don’t have as much time as you think you have.”

Network infrastructure figures prominently in the first steps to get open systems converged on a platform for collection, integration and dispersal of data. From there, it becomes something of a discovery process for data applications — ranging from the obvious, such as energy-use monitoring and verification, to the perhaps more esoteric.

California Real Estate Acquisition: Ontario Industrial Property Purchased by Rexford Industrial Realty, Inc, for $13 Million

An industrial property located in Ontario, California was purchased by Rexford Industrial Realty, Inc, a real estate investment trust, for $13 million.

"With this transaction, we are contributing high-demand, institutional-quality product to our portfolio, with an opportunity to enhance cash flow and value by increasing below market rents as leases roll," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of Rexford Industrial Realty, Inc.

According to their press release in Business Wire, 601-605 S. Milliken Ave. is comprised of three buildings that have 128,322 square feet on 7.32 acres of land in Ontario, California. The buildings are situated directly adjacent to Ontario Airport Business Park and one block east of Dupont Business Center, which are both Rexford-owned projects. At present, the property is 96 percent leased to multiple tenants.

"We believe this property, which is immediately adjacent to and positioned near other Rexford-owned projects, extends the Company's operational efficiency and regional competitive advantage, particularly as supply remains scarce and is diminishing while demand continues to accelerate within Rexford's target Southern California submarkets," added Schwimmer and Frankel.

Real Estate Investment: When Do You Buy And When Do You Sell?

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.

China property firms' debt issuance jumps, more to come

China's real estate companies have sharply increased the amount of funds raised from debt so far this year compared with 2014 as borrowing costs hit historical lows, and they are planning to borrow more.

Property developers have raised 495 billion yuan ($77 billion) from domestic Chinese bonds, almost double 2014 levels, Barclays Capital estimates.

Goldman Sachs suggests property companies have issued more than 400 billion yuan ($62.5 billion) in domestic bonds, over seven times total issuance in 2014. It uses a different set of companies as the basis of its estimate.

"Conditions are great for these developers who should take this opportunity to strengthen their balance sheets and deleverage in a disciplined manner, rather than leverage up," said Dhiraj Bajaj, a fund manager at asset and wealth manager Lombard Odier Singapore.

Chinese invest billions in Dallas-area real estate

Developers who are redoing downtown Dallas’ landmark Statler Hotel have spent time in China courting investors.

“I’ve already made three trips to China,” said Frank Zaccanelli, a partner with Centurion American Development Group. “They are very interested in what’s going on in Dallas.”

Centurion American, which also has suburban home and commercial projects in the works in North Texas, isn’t the only local real estate firm with an appetite for Chinese investment.

Chinese money has funded recent downtown Dallas tower sales.

And capital from China is finding its way into everything from local apartments to single-family homes.

Last year Chinese investors pumped more than $3 billion into U.S. commercial real estate investment, according to data from the commercial property firm JLL.

And they bought more than $28 billion in American residential properties — more than twice what any other foreign buyer acquired, according to the National Association of Realtors.

Asian investors accounted for almost a third of Texas home sales to foreign buyers, behind only Latin Americans, who accounted for more than 40 percent, the Realtors said.

Chinese buyers are hot for Dallas-area apartments, too.

“We’ve closed $550 million in transactions in the last 90 days,” said Chris Colombe, managing director with the apartment broker ARA. “Probably a third of those deals had equity coming from China.”

Chinese investors are the top foreign buyers and funders of U.S. hotel acquisitions this year. And they are one of the top offshore players in the office market, according to data from the Urban Land Institute.

Warren Buffett Takes 8% Stake In Sears' Real Estate Spin Seritage Growth Properties

Warren Buffet has taken a 8% stake in Seritage Growth Properties, a collection of real estate 235 real estate properties recently spun off from struggling retailer Sears. The REIT began trading in July and comes at a time when companies ranging from MGM Resorts MGM -2.65%, to Darden Restaurants DRI +0.00% and Macy M -2.78% have been pressured by investors to separate their owned real-estate from their operating businesses.

Real-Estate Agents’ Over-the-Top Gifts for Home Buyers

When Christophe Choo helped a couple purchase a $15 million Los Angeles home, he wanted to buy them a closing gift that was equally impressive. So instead of leaving a bottle of Champagne in the fridge, he and his wife ushered them onto a chartered jet bound for Vegas.

Mr. Choo, a real-estate agent at Coldwell Banker Beverly Hills, said he spent about $30,000 to accompany his clients on an all-expense paid weekend in Las Vegas, which included suites at the Encore Resort at Wynn and a visit to Tryst nightclub. Mr. Choo said his over-the-top closing gift strategy, which includes giving the most lavish gifts to clients who spend over $10 million, pays off. “My business is 70% repeat clients,” he said. “Creating memories is important.” He declined to say how much in commission he earned on the sale.

Donald Trump's Dubai Real Estate Partner Strips His Image, Name From Project Site

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.

Wednesday, 9 December 2015

GoldOller Real Estate Investments Acquires Bonita Fountains Apartments

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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Tuesday, 8 December 2015

Real Estate Tips: Why 2016 Is The Best Year To Invest In A House

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.

Which Celebs Won Big (and Which Ones Bombed) in 2015 Real Estate?

Let’s be honest, we will (almost certainly) never set foot inside the homes of Katy Perry or Brad Pitt. So realtor.com® offers the next best thing: the deep, inside scoop on celebrity housing! With 2015 coming to a close, we thought we’d take a look at celebs who made winning real estate moves this year, as well as those who foundered.

Country music-turned-pop star Taylor Swift is also a budding property mogul with an ever-expanding portfolio of properties. With massive crash pads in her hometown of Nashville, TN; Beverly Hills, CA; Manhattan, NY (Peter Jackson’s old penthouse); and other places, her holdings reportedly total $70 million. Not bad for a 25-year-old!

In July, rapper 50 Cent filed for bankruptcy; but two months later, he was flaunting new digs in Africa. Meanwhile he’s been trying to unload a 21-bedroom, 25-bathroom behemoth in Farmington, CT, since 2007. Initial asking price: $18.5 million. List price this year? $8.5 million. And still no takers. We’ve asked this before, but could it be the stripper poles?
Winner: Kim Kardashian

Kim Kardashian has racked up quite the real estate miniature empire. Even her 9,000-square-foot “starter home” with Kanye West in Beverly Hills was extraordinary—and renovated to even greater heights with four now-infamous gold-plated toilets. Bought for $10.75 million, the home went on the market in November for $20 million. That’s quite a markup, so if they get even close to that they’ll be doubling their money.

Brazil Real Estate Prices Fall Far Behind Inflation in 2015

RIO DE JANEIRO, BRAZIL – The FipeZap Index, which measures the changes in price of property in twenty cities across Brazil, has released its monthly figures which show that in November the market largely remained stable, with a drop of only 0.05 percent. However, the average price per square meter of properties advertized for sale in Brazil between January and November this year presents a real decrease of 7.44 percent after inflation is taken into account.

 Brazil, Brazil News, Rio, Rio de Janeiro, Real Estate, Real Estate Market, Real Estate Prices, FipeZap Index, Inflation, City, Most Expensive, Price per Square Meter
Real-estate prices dropped in Brazil in 2015 but prices in Rio de Janeiro remain the most expensive in the country, photo via Rio Exclusive.

According to the IBGE (Brazilian Institute of Geography and Statistics), the rate of inflation for the period was 9.47 percent, while the average price of real estate changed by only 1.32 percent in the year. Since the general rise in prices was greater than the fluctuation in the price of real estate an overall drop is registered for the year.

The average price per square meter of the twenty cities included in the survey was R$7,609. Rio de Janeiro, as ever, was the most expensive location, with an average price of R$10,458 per square meter advertised for sale.

By comparison real estate in Contagem, in Minas Gerais, was the cheapest at R$3,551 per meter-squared. Eight of the cities surveyed experienced a nominal decline: Florianópolis, Rio de Janeiro, Belo Horizonte, Recife, Contagem, Salvador, São Paulo and Brasília.

BoE monitors real-estate funds after property price surge -Carney

The Bank of England is monitoring real estate investment trusts as a sharp rise in British commercial property prices raises concerns about financial stability, the BoE's governor Mark Carney said on Monday.

"We are watching some developments including...in the publicly traded commercial rest estate market, the unit-trust market, to ensure that is not a potential amplification channel of financial instability," Carney told the European Parliament's economic affairs committee.

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