A venture capitalits (Fred wilson) learning from auction rate

Fred Wilson, I always know he has a great passion for technology. However his investments in equity and his Covestor portfolios suck to date. As I recently learned he is an amazing long term investor. Read more about how he timed the markets right and how desperate the capital markets are.

The article linked below is a great one for all investors.

I was taking the class in NYU about real estate capital markets and the bonds investment grade bonds are selling 550 basis points over treasury. Imagine people looking for borrowing money at this interest rates.

Some one other than the big banks in the wall street is bleeding and some one is making truck loads of money in the market ( other than paulson he only got a 2 billion dollar last year) who has the rest of 190 billion dollars.




A VC: Our Run In With Auction Rates And What It Taught Me About Markets

Our Run In With Auction Rates And What It Taught Me About Markets.

Damn good comment

Open Caption: Paris Hilton's Mystic Will Bewitch You

Image of Goober_Pea by Goober_Pea at 09:45 AM

Hilton, tired of praying and having to go to God, buys Jesus.

Cochin and Floor Area ratio (FAR)

Cochin Floor Area Ratio : Cochin FAR

The ceiling of 15 acres, as per the Act, proves a hindrance to genuine projects initiated by individuals and groups. It is ironical that occupants of houses situated in large compounds need to pay less tax than flats which utilise common facilities, he points out. Mr. Kurien observes that Singapore, with about 100 sq km area lesser than that under the Greater Cochin Development Authority, is able to generate about 1,000 times the revenue generated by the latter, thanks to the optimum utilisation of land and adoption of appropriate income-generating schemes.

NRI real estate in India

NRI and real estate holdings. if you like the article below and require more consultation.
Shoot an email to Vjveeraji at gmail .com for more information.

There is a perception amongst some NRIs that
they can buy a maximum of two houses in India. Well, this is not true -
NRIs can freely purchase real estate in India. There is absolutely no
restriction whatsoever on the number of houses that an NRI or even a
Person of Indian Origin can buy or sell. Only agricultural land remains
out of bounds.

Moreover, since the
Reserve Bank of India has given general permission in this regard,
there is no requirement of notifying any authority or filing any
paperwork for your real estate transactions.

Just
the one restriction applies - a Person of Indian Origin, ie an NRI who
is a foreign citizen, cannot sell his house to another NRI or a PIO -
he has to necessarily sell the property back to a Resident.

When
property is sold, depending upon the holding period, you will either
earn short-term or long-term capital gains. If you sell the property
after three years of purchase, the gain will be long-term else it will
be short-term.

In either case, once the
tax is paid, the money is freely repatriable. A certificate from a
chartered accountant needs to be submitted to the bank - there is a
specific format for such certificate - which the bank can provide.

Once the chartered accountant certifies that the tax has been provided for, the net sale proceeds can be repatriated.

Here
it must be noted that repatriation is restricted to a maximum of two
properties in a lifetime. This is a major issue that has to be
considered carefully before you buy property in India.

If
you intend to purchase more than two properties, then to maintain
repatriation rights, the third property onwards must be bought in the
names of your other family members. This way husband and wife can buy
four properties; husband, wife and two kids can potentially buy eight
properties and still maintain 100 percent repatriation rights.

Cashing out of his real estate holdings by Pallonji Mistry

India real estate Private Equity players

Dec. 18--MUMBAI, India -- Owned by one of India's richest construction tycoons, Pallonji Mistry, the Shapoorji Pallonji group is close to cementing a deal in its real estate business. A clutch of international investors including the Government of Singapore Investment Corporation and Citigroup are investing $320 million for a 15 percent stake in the group's realty business.

Real estate post budget analysis 2008 -09

BUDGET HIGHLIGHTS
􀂄
Five year holiday from income tax being granted to two, three or four star hotels
established in specified district having UNESCO declared "World Heritage Sites"
􀂄
Five year tax holiday to hospitals located in any place outside the urban
agglomerations especially in tire II and tire III cities section 80-IB sub section (11C).
IMPACT ON THE SECTOR
􀂄
Five year tax holidays will encourage construction of hotels.
􀂄
No major offering to the sector, the budget stands neutral to the sector.

Announcement Budget 2008- 09
􀂙 Increase in Basic Exemption Limit and Income Tax Slab Rates
Impact
These would further boost the disposable income of consumers, which would create more demand
or housing and lend a major boost to the Real Estate Sector.
Announcement budget 2008-09
􀂙 Five-year holiday from income tax being granted to two, three or four star hotels
Impact
This would help real estate players like Sobha Developers who are planning to enter the Hotel Business provided they meet certain criteria.

for comments pelase mail to vjveeraji@gmail.com
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Kochi real estate

Real Estate
Kochi is the new realty hotspot
The queen of the Arabian Sea is now a hot destination for real estate giants. What is unique to Kochi is that the city has attracted almost every domestic property developer worth its salt, and a slew of foreign companies, mostly from the Middle East. Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure, Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi,the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over US$2.5 billion. Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains. Property prices in the city have
appreciated by around 60% in 2007. Though builders have been focusing on Kochi, the supply is still grossly inadequate compared to the potential demand, according to builders.

source: Cygnus research for Kerala