...Analysis of Real Estate Funding in India Real Estate Funding Commercial real estate sector is in boom in India. In the last fifteen years, post liberalization of the economy, Indian real estate business has taken an upturn and is expected to grow from the current USD 14 billion to a USD 102 billion in the next 10 years. This growth can be attributed to favourable demographics, increasing purchasing power, existence of customer friendly banks & housing finance companies, professionalism in real estate and favourable reforms initiated by the government to attract global investors. Reason for growth Growing Market Demand and their drivers • Realization of large commercial projects • IPOs by developers • Gradual organization of the markets in the Tier I cities Greater availability of information • Transparency and liquidity improved manifolds • Entry of international real estate builders and consultancies • Governing legal framework relaxed • Entry of more players has lead to increased level of competition and competitive pricing The property market in India has been unorganized and fragmented for many years. However, the recent past has seen a consolidation of positions in the market as developers are stretching their capacities to the maximum in order to meet the growing market demand, which in turn has encouraged large projects with sourced financing. The IPOs by large real estate developers like Sobha, Raheja and DLF have led to organization of the market in the Tier...
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...FIIs invest Rs 3160 cr in equities this month so far Overseas investors continue to invest in the stock markets with pumping over Rs 3,160 crore in equity shares in this month so far. From November 1-9, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 15,350 crore and sellers of equities worth Rs 12,184 crore -- translating into net inflow of Rs 3,166 crore, according to the Sebi data. This takes the FII investment in the Indian equity market to Rs 96,861 crore (USD 18.62 billion) in 2012 so far. Experts said FIIs continued with the positive bias towards Indian equities on account of the reform initiatives taken by the government that have strengthened chances of better economic growth and improved market sentiment. FII inflows will continue in the coming months as the country is riding on positive news flows, they said, adding that the lack of investment options make India an attractive destination. This month, apart from pouring funds in equities, FIIs also infused Rs 436 crore in the debt market. "The inflows into domestic equities continued on the government's reform measures and I hope it will continue in the coming months as well," Wellindia vice-president Research Vivek Negi said. Kishor Ostwal, Head at CNI Research, said, "Steps taken by the government are being seen as market friendly by investors and in my view FIIs will continue to react positively on the domestic equity market." However, the BSE barometer Sensex...
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...Which method is best suited ? – Public vs Private Company – By Scenario – By Sector Valuation FAQs – General – DCF – Comparables Press Alt, W, F for maximizing viewing area Equity Valuation Fundamentals Introduction – Concept of Fair Value www.finaticsonline.com At Finatics, we define Equity Valuation as “A process that involves determining „Fair Value‟ of a company‟s equity in order to assist buy/sell decisions for the purpose of Financial or Strategic Investment ” So what is Fair Value of an investment? How should the worth of an Investment be determined ? …(Contd) Put Simply, Fair Value is the price at which, one will get the desired rate of return when the investment is sold to a willing & able buyer. The worth of an investment is determined by whether it is meant for long term use to generate returns (i.e. Strategic Investment) or for resale when the „right price‟ or „fair value‟ is achieved (Financial Investment). The purpose of Valuation is to determine a fair value range of an investment (or capital asset) using one or more of several available techniques As discussed, investment related demand will be driven by expected return resulting from demand of other similar opportunities available, potential to generate cash and implied risk. When determining whether expected return can be achieved, one way is to estimate the cash generated from the „Asset‟ against what is invested after considering „Time Value of ...
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...Emma Cavalli Realtor Consultant “Putting Your Needs First” Phone: 916.450.3334 E-mail: ecavalli@phre.com Web: www.phre.com/ecavalli Personal Statement I am dedicated to listening to your needs as a buyer or seller and providing you with prompt and excellent service to exceed your expectations. Why I am a Real Estate Agent I enjoy working with people and negotiating on their behalf. Communication, organization, and availability are skills I possess that make me a client-focused real estate agent. I am extremely conscientious of the sentiments involved in both the buying and selling process. Customer service and satisfaction are important to me, and I pride myself in giving you the best service possible. Real Estate Experience I have had the pleasure of working with buyers, sellers, and investors for over 15 years. Each transaction is new and exciting. What Clients are Saying Here is what others have said about me: “It was a pleasure working with Emma Cavalli. She was very responsive and listened to all of our needs. Her marketing plan sold our home in just 3 days!” -Rod & Luisa Ellisor, Rocklin, CA “Emma is conscientious, personable, and professional. Her dedication and commitment to meeting our needs has been apparent from the beginning. Emma can be counted on to do what she says. I would not hesitate to refer Emma to my friends and family.” -Jon & Robin Anderson, Roseville, CA Professional Credentials Licensed California Real Estate Salesperson Member...
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...Emma Cavalli Realtor Consultant “Putting Your Needs First” Phone: 916.450.3334 E-mail: ecavalli@phre.com Web: www.phre.com/ecavalli PERSONAL STATEMENT I am dedicated to listening to your needs as a buyer or seller and providing you with prompt and excellent service to exceed your expectations. WHY I AM A REAL ESTATE AGENT I enjoy working with people and negotiating on their behalf. Communication, organization, and availability are skills I possess that make me a client-focused real estate agent. I am extremely conscientious of the sentiments involved in both the buying and selling process. Customer service and satisfaction are important to me, and I pride myself in giving you the best service possible. REAL ESTATE EXPERIENCE I have had the pleasure of working with buyers, sellers, and investors for over 15 years. Each transaction is new and exciting. WHAT CLIENTS ARE SAYING Here is what others have said about me: “It was a pleasure working with Emma Cavalli. She was very responsive and listened to all of our needs. Her marketing plan sold our home in just 3 days!” -Rod & Luisa Ellisor, Rocklin, CA “Emma is conscientious, personable, and professional. Her dedication and commitment to meeting our needs has been apparent from the beginning. Emma can be counted on to do what she says. I would not hesitate to refer Emma to my friends and family.” -Jon & Robin Anderson, Roseville, CA PROFESSIONAL CREDENTIALS Licensed California Real Estate Salesperson Member...
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...maximize the object of the firm and satisfy the socially imposed constraints. First of all, any person has the chance to own part of a corporation. For example as an investor if I believe that a company (Apple) has the ability to grow and be profitable in the future, I can by stock, resulting in ownership in the company. Once I purchase part of Apple I then have the right to vote on important issues which allows myself along with all the other owners to have a say in the direction of the company. This in result allows any owner big or small to have an impact on the object of the firm and prevents the company from neglecting all owners! In regards to socially imposed constraints on corporations, shareholders (owners) are protected for a variety of reasons. One, shares (ownership in the company) is freely transferable between investors. As long as the company isn’t thinly traded such as companies trading OTTCB it allows the owners of companies to buy or sell their stakes in the company without issue. Not only are the shares free transferable, but shareholders are NOT liable for obligations of the corporation! For example, when ENRON filed for bankruptcy, any shareholders of ENRON were not liable for their accounting scandal, thus eliminating them from being sued. These two features are very important because it allows investors and owners to freely purchase parts of companies with flexibility and they are protected from any legal action that may be taken against the company. Did...
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...Introduction 1.1 Background Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time. One of them is candlestick chart. By the grace of Almighty Allah I have been assigned to prepare a project paper on ‘Making Effective Decision in Stock Market through Candlestick Chart Analysis’. I believe that I have tried all the way to follow the previous studies retaining my originality in writing the report. Any analytical criticism and creative suggestion on this concern will receive my heartiest welcome. 1.2 Origin of the report Each professional degree needs practical knowledge of the respective field of discipline to be fruitful. Our MBA program also has a Project Report program, relating to the exchange of theoretical knowledge into the real life practical situation. The report entitled “Making Effective Decision in Stock Market through Candlestick Chart Analysis”. During the project paper program, I was under the supervision and guidance of Md. Hafizur Rahman Khan, Lecturer, Department of Business Administration, Leading University, Sylhet, Bangladesh. 1.3 Objectives (i) Main Objective: The...
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...This means that it can be hypothesized that prices can prevail in a market that is assumed to always be fair. 3) Primary Market – This is the market where the issuing of securities is first exchanged. Different groups, companies, and the government, issue equity or debt based securities in order to raise financing. Many companies can sell or issue the securities at a specific price to an investor directly and the price can be at either less than par or at par. If the security is at par then it is called a premium, and if the security is below par then it is called a discount. Investors cannot buy securities from another investor, but the price will remain the same for any buyer. 4) Secondary Market – This market is where different investors buy securities from other investors instead of from the companies that issue the securities. In this market the prices are very different from the price that was set when the security was issued and is affected by the market sentiments, this means that the security issuer cannot be affected and can be a loss or gain for the investor. 5) Risk – This is the truthful return that is earned from an investment that can be different that what is expected. This difference is the risk and is what is uncertain about a transaction. There are three different categories for risk which are credit risk, operational risk, and market risk. With risk there can be a high or low risk when it comes to returns or investments. 6)...
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...Fine Wine Market Outlook 2012 Contents Introduction Methodology The Fine Wine Market in 2012: Challenges and opportunities Survey findings 5 6 7 10 PROFESSIONALS’ WINE NETWORKING Connecting professionals with a shared interest in wine In your city, and around the world With colleagues in the sectors that matter to you Few things form stronger bonds between people than a shared passion for wine. Whether you’re an experienced wine collector or just embarking on wine discovery, we can help power your networking by connecting you with like-minded professionals, in the elds you tell us are relevant to your business and career. The service is free, private, and condential. Simply register your interest at www.wineyields.com, and we’ll contact you privately to set up introductions with complimentary professionals who’d like to share a glass or two. A free reader service, from Wine Yields F INE WINE INVESTMENT SPECIALISTS Best prices for fine wine We have an excellent reputation as advisors on investment grade wines; we trade in them on a daily basis and so are well placed to recommend what and when to buy and sell. We supply the trade and private collectors at the same highly competitive prices. We charge no management or performance fees. • Top prices paid for your wine • Highly regarded fine wine blog • Professional storage available Pantone PMS 273 • Daily fine wine news and extensive news library Pantone 273 Cmyk Suite 5, Claremont House, 22 Claremont...
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...Introduction Wouldn't you love to be a business owner without ever having to show up at work? Imagine if you could sit back, watch your company grow, and collect the dividend checks as the money rolls in! This situation might sound like a pipe dream, but it's closer to reality than you might think. As you've probably guessed, we're talking about owning stocks. This fabulous category of financial instruments is, without a doubt, one of the greatest tools ever invented for building wealth. Stocks are a part, if not the cornerstone, of nearly any investment portfolio. When you start on your road to financial freedom, you need to have a solid understanding of stocks and how they trade on the stock market. Over the last few decades, the average person's interest in the stock market has grown exponentially. What was once a toy of the rich has now turned into the vehicle of choice for growing wealth. This demand coupled with advances in trading technology has opened up the markets so that nowadays nearly anybody can own stocks. Despite their popularity, however, most people don't fully understand stocks. Much is learned from conversations around the water cooler with others who also don't know what they're talking about. Chances are you've already heard people say things like, "Bob's cousin made a killing in XYZ company, and now he's got another hot tip..." or "Watch out with stocks--you can lose your shirt in a matter of days!" So much of this misinformation is based on a...
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...continually fair. This consists of incorporated market prices reflecting associated information completely. Keeping values current is the role efficient markets play by keeping market price fair and prohibiting anyone to make a high returns unless he or she buys a much high risk investment. 3) Primary Market A primary market is a marketplace where securities are distributed for the first time. The government, businesses, and other groups issue debt or equity-based securities permissible to raising finance. In primary market prices are the same for every buyer; however, investors in a primary market do not purchase securities from other investors. 4) Secondary Market A Secondary Markets is a marketplace where securities that already issued are sold or purchased by investors. Prices in a secondary market vary from the issue price and prices can vary from the original cost, although prices are affected by market sentiments in a secondary market issuers are not affected because of the changes in pricing. 5) Risk Risks are the probabilities of differences in the total investments earned on an annual return. These risks are divided in three different groups, market, credit, and operational risk. In finance risk plays a role in the return on investment. If the risk are low the return is low if...
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...Introduction What provoked the largest financial crisis since the Great Depression? The answers include a diverse array of immediate and deeper causes in the housing and financial sectors of the U.S. economy. While the recessions initial spark was found in housing, U.S. government policy in addition to careless behavior on the part of both lenders and borrowers, along with poor corporate governance can be linked to the massive subprime loans that ultimately turned into the subprime crisis. Self-interest by subprime lenders and Government Sponsored Entities (Fannie Mae) are also liable for escalating the crisis. Among these factors, here I will mainly discuss three principal causes that have come to my attention; the housing price bubble, poor governmental oversee, and the subprime mortgage-lending boom that it fed. The Housing Bubble: From 1980 to 1997 the real price of housing in the United States had remained relatively stable. After controlling for inflation and differences in house size and quality, we still see that the average price of a home in 1997 was only 2% more than the average price one century earlier. This flat trend had ultimately ended beginning in the late 1990’s and early 2000’s. When the housing prices had peaked in 2006, the average price was close to twice the long-term average price from 1980 to 1997. Only six years later did the price return the long-term trend (Shiller Housing Price Index). The origin of the housing bubble is much similar...
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...principles of economics pdm pt April 2013/15 telisha naidu - 760057 Professor Frederick Ahwireng-Obeng principles of economics pdm pt April 2013/15 telisha naidu - 760057 Professor Frederick Ahwireng-Obeng Table of Contents Introduction 2 Year 2011 at a glance 3-4 An overview of 2011 5 Year 2012 at a glance 6 An overview of 2012 7 Conclusion 8-10 References 11 Appendix 12 Introduction Individual Assignment: For a market or markets of your choice, keep track of the spot or share price fluctuations during a period of at least two years. Prepare a report of approximately 3000 words for each market discussing in detail the multiple forces responsible for the trend. Company: The JSE (Johannesburg Stock Exchange) This market is characterized as being a monopoly. Pure monopoly exists when a single firm is the sole producer of a product for which there are no close substitutes (Van Rensburg, 2012, pp 155-158). The JSE is the country’s only regulator of trading of financial instruments. It is also a listed entity and the regulator of the participants who trade in the different markets – further to the JSE playing a dual role as regulator and listed entity, the JSE also clears and settles all trades, this function is normally carried out by an independent Clearing Counter Party (CCP). In 2001, the JSE purchased the ‘South African Futures Exchange’ (SAFEX) making the JSE the sole owner of all the financial exchanges in South Africa. Further to this, in 2009...
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...ALONG THE THOMSON LINE: BRINGING BENEFITS TO THE EAST SKIMMING THE SUBLETTING SITUATION HOW SINGAPOREANS FEEL ABOUT THE LOCAL PROPERTY MARKET COMMERCIAL PROPERTY: A MIXED OUTLOOK REFLECTING CHANGING LANDSCAPES PROPERTY OUTLOOK 2015: SEARCHING FOR INSIGHTS NEW YORK: A PROPERTY RISING STAR ON THE HORIZON LONDON RESIDENTIAL PROPERTY OUTLOOK: THE BEST JUST GOT BETTER FENG SHUI: USHERING IN THE YEAR OF THE GOAT PropertyGuru Outlook Report 2015 2 PREFACE It without a doubt property still remains a hot button issue for Singaporeans. From speculation about whether the cooling measures will be eased to predictions of just how much market prices will continue to fall, the topic has dominated conversations of many first-time buyers, upgraders and investors. In 2014, the decline in Singapore’s private residential and HDB resale market, showed no signs of abating. Restrictions on access to mortgage capital because of the Total Debt Servicing Ratio (TDSR) has, to a large degree, influenced the reinforcement of these behavioural patterns and will continue to so – at least for the majority for 2015. And with the government reiterating that they will not relax the existing policies, status quo looks set to place further pressures on the already subdued market. Nonetheless, real estate is still a favoured asset class. Aside from buying and selling, it appears that more people are choosing to rent out their properties or searching for property to invest beyond our shores while at the same...
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...This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: G7 Current Account Imbalances: Sustainability and Adjustment Volume Author/Editor: Richard H. Clarida, editor Volume Publisher: University of Chicago Press Volume ISBN: 0-226-10726-4 Volume URL: http://www.nber.org/books/clar06-2 Conference Date: June 1-2, 2005 Publication Date: May 2007 Title: The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account Author: Aart Kraay, Jaume Ventura URL: http://www.nber.org/chapters/c0124 11 The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account Aart Kraay and Jaume Ventura 11.1 Introduction Since the early 1990s, the United States has experienced steadily widening current account deficits, reaching 5.7 percent of gross national product (GNP) in 2004 (see top panel of figure 11.1). These deficits are large relative to the postwar U.S. historical experience. With the exception of a brief period in the mid-1980s where current account deficits reached 3.3 percent of GNP, the U.S. current account has typically registered small surpluses or deficits averaging around 1 percent of GNP. As a consequence of the recent deficits, the U.S. net foreign asset position has declined sharply from –5 percent of GNP in 1995 to about –26 percent by the end of 2004 (see bottom panel of figure 11.5). The goal of this paper is to provide an account of this decline that relates it to other major macroeconomic events and helps us to...
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