Real estate

Real estate developer Arvind SmartSpaces Ltd. (ASL), a part of the Lalbhai Group, said its board has approved the creation of a ₹900-crore residential development platform with HDFC Capital Affordable Real Estate Fund – 3 (HCARE – 3) in which HDFC Capital Advisors is Investment Manager. The proposed investments from ASL and HCARE-3 will be ₹300 crore and ₹600 crore respectively in the platform. “The funds will be utilised for acquisition of new projects for residential developments in the cities of cities of Ahmedabad, Bengaluru , Pune and Mumbai Metropolitan Region (MMR),” ASL said in a statement. ASL will set up a separate SPV to house the projects under this platform. The platform will create an overall revenue potential of ₹4,000-₹5,000 crore excluding reinvestment potential, the company said. “This will further strengthen the strategic partnership between ASL and HDFC Capital Advisors,” it said. Kulin Lalbhai, director, Arvind SmartSpaces said “We are constantly … [Read more...] about Arvind SmartSpaces sets up ₹900-crore real estate platform with HDFC Capital

The Chinese central bank cut lending rates on Monday to boost growth as repeated lockdowns and the ongoing mortgage crisis threatens the world’s second-largest economy. According to a report by the Financial Times, the People’s Bank of China lowered its medium-term lending rate by 10 basis points to 2.75% for one-year loans to the banking system. This is the first time the lending rates were cut since January. Beijing is trying to fight a decline in consumer demand caused due to snap lockdowns. The country’s Covid Zero policy has also led to anxiety among Chinese policymakers. The fallout from the mortgage crisis coupled with slowing global growth has also added to the impact. Monday’s numbers showed that consumer and factory activity were worse than expected. The unemployment rate soared to a record high of 19.9%. These challenges will worry Xi Jinping as he tries to boost the economy ahead of his third term at the party Congress later this year. Retail sales are an important … [Read more...] about China Cuts Lending Rates as Covid Zero, Real Estate Troubles Threaten Economic Growth

A British couple sold their house and bought an abandoned mobile home park for about $108,000 after falling in love with it on their first visit—in a bid to live mortgage-free. Jon and Emilie James, both 33, bought the old mobile home park near Llanelli, Wales, in the U.K., in June, and hope to bring it back to life. The couple decided they wanted to live debt-free and sold their first home and belongings for $159,500 through Instagram . After paying off their mortgage, they had $95,000 left and used another $13,000, approximately, in savings to pay for the mobile home park—leaving them with just $725 in the bank. The pair, who are both wedding photographers and videographers, decided they wanted to live a simple, mortgage-free life, and thought the mobile home park was the perfect fit. They moved onto the land eight weeks ago and are living in a small touring trailer—which they have also fixed up—while they renovate the park. Emilie James said they will do all the work … [Read more...] about Couple sell everything they own to buy their dream trailer park

close Video Gal Gadot returns for ‘Wonder Woman 1984’ sequel Fox News' Ashley Dvorkin sits down with ‘Wonder Woman’ star Gal Gadot to discuss the release of the film. NEW You can now listen to Fox News articles! Gal Gadot was born in Israel where she had a career as an actress and model. In 2004, the future "Wonder Woman" star was crowned Miss Israel. Before pursuing a career in the entertainment industry, Gadot served in the Israel Defense Forces as is mandatory for Israeli citizens. In February 2022, Deadline confirmed that Gadot's 2022 movie "Death on the Nile" wouldn't be shown in Lebanon and Kuwait due to her connection with the Israeli military. Lebanon also banned Gadot's movies "Wonder Woman" and "Wonder Woman 1984." Is Gal Gadot married? GAL GADOT SLAMMED AFTER CALLING FOR UNITY FOR ISREAL AND ‘NEIGHBORS’ IN GAZA AMID ONGOING CONFLICTS Gadot is married to Yaron Varsano who works in real estate back. The couple … [Read more...] about Was Gal Gadot in the military? How the Israeli star went from serving in the IDF to playing ‘Wonder Woman’

The pandemic housing boom is over. Welcome to the housing recession. That was the message from the National Association of Home Builders on Monday. The NAHB/Wells Fargo housing market index unexpectedly dropped six points to a reading of 49, below the breakeven point indicating a deteriorating market. This is the eighth straight monthly decline for the index of homebuilder sentiment. Apart from a brief period at the start of the pandemic, this is the first below 50 reading since 2014. “Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,’ said NAHB chief economist Robert Dietz. Economists had expected the index to maintain its July level of 55. The index is comprised of three components. All three declined in August. The index of current sales conditions fell 7 points to 57. Sales expectations in the next six months fell two points to 47. Buyer traffic cratered to 32, five points below the … [Read more...] about U.S. Plunged Into Housing Recession in August, Homebuilders Say

Hunter Biden reportedly met with his father, then-Vice President Joe Biden, in the White House on multiple occasions immediately following meetings with Romanian officials, presumably pertaining to a high-profile deal he was involved in with Romanian real estate mogul Gabriel Popoviciu. Hunter met with Biden three times from July 2015 to March 2016 about helping Popoviciu with a “conviction stemming from his purchase of a 550-acre parcel of government-owned land for a steep discount,” the New York Post reported from Hunter’s laptop from hell: HUNTER’S CALENDAR July 29, 2015 12 p.m. call with former FBI chief Louis Freeh, who is repping Popoviciu Same day meeting with Joe Biden at his father’s US Naval Observatory residence March 29, 2016 Meeting with US Ambassador to Romania Hans Klemm in Washington D.C. November 17, 2015 Returns from trip to Romania The meetings contradict Joe Biden’s statement that he has not been involved in the Biden family business … [Read more...] about Report: Hunter Made Millions After Meeting VP Biden About Romania Deal

An area of intensely warm weather — a so-called “extreme heat belt” — with at least one day per year in which the heat index hits 125 Fahrenheit (52C), is expected to cover a US region home to more than 100 million people by the year 2053, according to a new study. The research, carried out by the nonprofit First Street Foundation, used a peer-reviewed model built with public and third-party data to estimate heat risk at what they called a “hyper-local” scale of 30 square meters. First Street Foundation’s mission is to make climate risk modeling accessible to the public, government and industry representatives, such as real estate investors and insurers. A key finding from the study was that heat exceeding the threshold of the National Weather Service’s highest category — called “Extreme Danger,” or above 125F — was expected to impact 8.1 million people in 2023 and grow to 107 million people in 2053, a 13-fold increase. This would encompass a geographic region stretching from … [Read more...] about ‘Extreme Healt Belt’ to Cover Middle of US by 2053, Temperature to Reach Up to 52 Degrees: Report

Rakesh Jhunjhunwala held a networth of about Rs 32,000 crore with shareholding in about 32 companies. The death of the ace investor has put a spotlight on the shares he held. He passed away on Sunday (August 14). He was 62 and was suffering from kidney ailments. Jhunjhunwala made his first profit in 1986 in Tata Tea shares. He had bought it at Rs 43, which jumped to Rs 143 within three months. The Sensex was at 150 points at that time. Now, his biggest investment is in Titan, a Tata group company. It shows how bullish he has been on the Tata group. He has shareholdings in about 32 companies, with stakes ranging from below-1 per cent to over 23 per cent. Sector-wise, he has the most exposure in construction and contracting (real estate) at 13 per cent of his overall investments, followed by finance (general) at 6 per cent, pharmaceuticals (6 per cent), private sector banks (6 per cent) and auto ancillaries (3 per cent), pesticides and agro chemicals (3 per cent), hospitals and … [Read more...] about Rakesh Jhunjhunwala Leaves Behind Rs 32,000-Cr Shareholding: Big Bull Portfolio Attracts Attention

Last week, federal agents launched an unprecedented raid on former President Donald Trump 's Mar-a-Lago estate. The warrant, signed by Attorney General Merrick Garland , demanded the seizure of virtually any document created during his four years in office. To many observers, it reeks of a fishing expedition , which, as Democrat election lawyer Marc Elias said, will likely force Trump to litigate this sorry affair while campaigining in 2024. That, it seems, is the point. It escaped the notice of few that two days after the raid, Hunter Biden skipped aboard Air Force One with his father for a flight to a family vacation on Kiawah Island, South Carolina, considered the " Hamptons of the South ." The President's son remains unmolested by federal law enforcement, although he is currently under federal investigation for tax fraud, money laundering, and unregistered lobbying. We now know that Biden père has played a role in several of his son's shady business dealings. … [Read more...] about President Biden’s anarcho-tyranny | Opinion