Don Ganguly

What makes REIT a unique product? Join Preeti Chheda, CFO, Mindspace REIT and Nitin Idnani, MD, Real Estate Advisory, JM Financial on The REIT Connect podcast as they talk about ways to maximize the value of REITs and discuss what makes them better and safer than owning real estate stocks. Watch the full conversation here: https://lnkd.in/gxMN3Vkb and for more such information on REITs click https://lnkd.in/dafdnVyd NISHA PODDAR #REITs #RealEstateInvesting #InvestmentOpportunity #IndianRealEstate 

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Breaking down complex investment strategies in my latest piece for RealtynInfra - Move to what moves you! "Shifting Investment Patterns" isn't just an article - it's a reflection of the dynamic real estate ecosystem we're witnessing. From HNI perspectives to NRI investment strategies, we're seeing a remarkable transformation in how smart money moves in property markets. Grateful for the opportunity to share these insights. Full article now live!  https://lnkd.in/gkf7zU7i #RealEstateInnovation #InvestmentTrends #GlobalRealty #InvestmentStrategies #ChiragMehta #PriyeshChheda #TejasPatil #MahavirMehta #NitinPardeshi #SatyaMahapatra #PraveenApte #ArbourInvestments #JustoRealFintech

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I typically scoff at valuations which tend to favor those who can play the number game well, but the trend that’s underscored by this set of valuations is quite seismic. Just as India overtook China in population, it’s now done the same in terms of large real estate firms. As much as China’s debt-fueled firms have taken a beating in recent years with even the largest players such as Evergrande, Country Garden and Wanda buckling under hundreds of billions of dollars of toxic debt, this switch is a product of the rapid growth of India realty firms across all assets classes and markets. India is just at the take off point of a decades-long real estate boom fueled by unprecedented demographic and income growth. There’s a massive gulf between demand for real estate and the supply. My favorite example is that India has less than 1/50th the per capita stock of shopping centers that China does, with the figure being 1/200th of the US. Indian real estate firms also operate in almost hostile lending conditions, as opposed to the easy money that enabled their Chinese, European, and North American peers to run up trillions of dollars of debt. While there have been the odd profligate borrower among Indian realty firms, the sector has been very disciplined as of late. Lastly, a recent The Wall Street Journal report underlined why the long term prospects of China have dimmed because of the way their demographics have gone (link in the first comment below), so global investors are wise to include India in their allocation strategy. Taurus Investment Holdings India Taurus Investment Holdings India Taurus Sage Fund

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Many of you might be curious on what Trump and Harris stand for in the most anticipated mega election of 2024. I have been reading a lot on this over the last many months and have tried to make a crisp summary as below, in my own thought patterns :)) 'A' promises to Cut corporate taxes and income taxes. He plans to fund the treasury by monetising countries who take undue advantage of the US markets - by Increasing import duty from China and all other countries that run a trade surplus with the US. He promises to a Stop illegal immigration to make US more safer and to makes more jobs available for legit citizens. He plans to reduce the so called 'charity' spends by the US : i.e. Stop Ukraine-Russia war by reducing spends towards Ukraine, reduce climate change related spends that he feels is 'unwanted' and encourage more oil drilling to generate more jobs & revenues, and also push other countries to contribute more funds towards NATO and reduce the burden on US alome. He Is proper white race by origin. In short he promises to protect US and ignore the larger world. Make America Great Again. ' B' promises to restore democracy in the US. To bring back the rule of law that is the core value of the US. To bring back the era where fundamental rights are fully protected - be it of the immigrants or be it the women's rights on abortion or the freedom of speech or of the minorities. She intends to restore the position of the US as the big brother of the world - support Ukraine sovereignty, support Israel, continue to support NATO...and to keep all the ties (and spends) intact on all trade and security such as Quad, USMCA and so on. She plans to increase corporate taxes, introduce more wealth tax, and increase handouts/freebies to poor families and support families with more children. she plans to increase minimum wages and give more vacations/holidays and maternal/paternal leaves/rights to support family as a unit. She promises more funding towards clean energy industries thereby creating jobs and also protect the mother earth's future. She promises to take care of the US and the larger world in which we live-in. Which of the above agenda looks more appealing to you if you were a US citizen? Will you want your country alone to prosper or want your country to stay responsible as well as help the world prosper, even if it costs quite a bit ? comment Below!!! Also below pic shows the early trends of what the US citizens folks are choosing :) no guesses. A is Trump. B is Harris.

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📈 Foreclosure Surge: A Tale of Two Market Perspectives 🏠 The US real estate market is experiencing a surge in foreclosures, with a 116% YoY increase in Q1 2023, according to ATTOM Data Solutions 💡. But is this a sign of a market bottom or just the beginning of more pain? 🤔 💬 Two Sides of the Coin Some investors, like Michael Shah, founder of Delshah Capital, see this as a "great opportunity" to buy distressed assets at a discount. He believes "the bottom is near" and it's time to "start buying." 🚀 On the other hand, John Backer, managing director at Newmark, warns that "the pain is just starting." He points to the $1.5 trillion in commercial real estate debt maturing by 2025, which could lead to more defaults and foreclosures. 📉 📊 Key Stats * 7,000+ commercial properties in foreclosure in Q1 2023 (up 116% YoY) * $1.5 trillion in commercial real estate debt maturing by 2025 * 5.5% average delinquency rate for commercial mortgage-backed securities in March 2023 (up from 2.2% in March 2020) 💡 What's Next? As the market navigates this challenging landscape, it's crucial for investors and industry professionals to stay informed and adapt to changing conditions. 🧭 Whether you see this as a buying opportunity or a warning sign, one thing is clear: the real estate market is in for a wild ride. 🎢 #RealEstate #Foreclosures #MarketTrends #Investing #StayInformed 🏠📈

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AI: An emerging game changer for real estate brokerage business "AI has been empowering brokerage firms by automating administrative tasks and helping in the analysis of the market data" In a recent conversation with #HomesIndiaMagazine Team Vijay Jain, Managing Director of Star Estate Have a Look Here: https://qrcd.org/76qN #realestatebrokeragebusiness #technologicalintervention #advancementsoftechnology #rentalpropertyportfolios

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a SMALL piece makes the whole possible AffordAssist is a SMALL and CRITICAL piece to make a home loan possible, a deposit                           Dear All The ability to secure a loan is key to home ownership and building wealth. This is called leverage. Millionaire's work it. Use a small amount of cash to get big equity-gains. If you are yet to start the journey to secure a home loan; be ready. And, be thankful of the systems in place that make it possible and seem effortless... The reason a home loan is possible is because of the whole process, which includes; systems, key and qualified professional, the initial knowledge and ongoing training, the associations, the demands and expectations of all the stakeholders; i.e. the funders, the lenders, the governance processes, the codes of practice, the applicants background information, legal, managing risks, timely service, etc, etc. A lot of stuff goes on in the background. Thus, getting a home loan may look effortless, only because the systems and professionals take much of the load. Applicants are asked to follow a process: 1)     demonstrate income; and 2)     to Bring a Deposit.   Where the whole is missing a piece, a deposit… the loan process cannot complete. AffordAssist is a small and critical piece of the whole process; a deposit, that can make a home loan possible. The AffordAssist product is a Deferred Deposit Agreement (DDA) – which has started industry phrases: Deferred Deposit Home Loan and Deferred Deposit Property Sale. …a SMALL piece matters.  https://lnkd.in/facpycK Kind regards AA

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In a post-COVID world, the landscape of real estate has shifted dramatically. But is real estate still the golden investment it once was, or are there new contenders vying for the spotlight? In a recent conversation, Vivek Law sat down with Anuj Puri, I liked it so wanted to share my outlook. Anuj’s decent insight into the market continues to show why real estate remains a robust investment, even in a world of growing digital assets and new financial instruments. One key area he highlights is the growing allure of Real Estate Investment Trusts (REITs), which have democratized property investment. REITs offer a transparent, accessible way for new investors—especially millennials—to get a slice of the property market without the traditional barriers of direct ownership. Post-COVID, younger generations are rethinking homeownership. While many still see it as a vital milestone, flexibility and mobility are becoming more important, pushing them to consider investments that offer both stability and liquidity. Anuj is smart to point that increased transparency in the market, regulatory improvements, and technology adoption have made real estate more attractive to a fresh wave of investors, eager to diversify portfolios with property-related assets. However, Anuj’s expertise like me goes beyond financial insights. He emphasizes the importance of balancing a high-stakes career with health and fitness. This holistic approach is a reminder that, like real estate, personal well-being is a long-term investment that pays dividends. For anyone curious about what’s next in Indian real estate—whether you're a seasoned investor or just getting started. We continue to set the standard for industry knowledge, and our understanding of market dynamics makes it clear that real estate, while evolving, remains a formidable contender in any smart investor’s portfolio. #realestate #REITs #property #investment

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In the kaleidoscope world of modern business, strategic acquisitions have surfaced as a potent force for propelling portfolio growth. Many see it, rightly so, as a quick ramp to driving value, enhancing capabilities, and broadening horizons. But equally important is understanding that every acquisition is not a magic wand. It must be systematic, insightful, forward-thinking - with strategic foresight painted at the core. 🎯 Here's my take on the modern strategy of buying to grow: 1️⃣ 𝐆𝐨 𝐁𝐞𝐲𝐨𝐧𝐝 𝐓𝐡𝐞 𝐍𝐮𝐦𝐛𝐞𝐫𝐬: The financial metrics are undeniably crucial. But value doesn’t stop at balance sheets and cash flow projections. It extends to the human talent, the company culture, and the shared vision. The human elements are the true assets that, when aligned, can yield phenomenal results. 2️⃣ 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞 𝐖𝐢𝐭𝐡 𝐂𝐚𝐫𝐞: When two companies merge, it is more than just the joining of forces. It is the blend of identities, cultures, and ideas. Be prepared for a fine balancing act, nurturing both individuality and consistency. 3️⃣ 𝐓𝐡𝐞 𝐕𝐚𝐥𝐮𝐞 𝐎𝐟 𝐓𝐢𝐦𝐞: The value of a strategic acquisition should not be framed strictly in the present term. One must also consider the potential future value this acquisition can bring in. Whether you're a start-up on the brink of aggressive growth or an established business seeking revitalization, strategic acquisitions can be the beacon that lights your path to success. But remember, as with any journey, not all roads will lead to the promised land. Strategic acquisitions are no different. It's the sharp-minded businessman who doesn't merely look at destinations

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Many have asked 'what would you describe as a premium state'? I would categorize it in two categories: 1. States with strong population growth and are generally very business friendly and attracting corporate growth & relocations. 2. States which are generally speaking 'back yard' to where the majority of 1031 investors derive from (CA). So what states do investors find more attractive than others? Here is a short list in no particular order: 1. Florida 2. North Carolina 3. South Carolina 4. Georgia 5. Tennessee 6. Arizona 7. Utah 8. Idaho 9. Nevada 10. California 11. Texas Note: California doesn't quite fit criteria #1, but it is backyard to a lot of 1031 trades who may prefer to stay in-state.

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Why Single-Purpose Developments Are Holding Us Back: Lessons from Apple’s Ecosystem Approach In real estate, there’s often a relentless focus on immediate ROI and standalone projects. But as a full-stack real estate developer in the San Francisco Bay Area, I’ve realized that this approach limits long-term potential. Think about how Apple revolutionized technology—not with one product, but by creating an integrated ecosystem where every device and service works together. What if we applied this same mindset to real estate? At Stak Ventures, we take inspiration from companies like Tesla and Amazon to build environments that enhance value, adaptability, and sustainability. True Integration Mixed-Use Spaces: Combining residential, retail, and leisure spaces into vibrant hubs fosters community and enhances property values, much like how Amazon diversified from books to a full ecosystem of services. Proximity and Convenience: Imagine living where your home, office, and entertainment are steps apart—like Google's campus design, which prioritizes collaboration and convenience. Enhanced Value for Tenants On-Demand Mobility: Integrating shared EV fleets and transportation options reduces costs and environmental impact, similar to how Uber and Lyft transformed urban mobility. Lifestyle Upgrades: Amenities like coworking spaces and fitness centers elevate tenant experiences, much like WeWork’s community-driven workspaces. Resilient, Adaptive Communities Flexibility: Developments designed to evolve with market demands extend their lifespan, inspired by the modularity of LEGO. Community Growth: Long-term environments that grow with residents mirror how Meta adapts to user needs. Sustainability at Scale Resource Efficiency: Shared amenities lead to economies of scale in energy use, much like how Microsoft optimizes its data centers. Transit-Oriented Design: Building near public transit hubs reduces emissions and costs, echoing Siemens Mobility’s urban transit solutions. Future-Proof Investments Diverse Revenue Streams: A mix of tenants hedges against market volatility, just as Disney leverages multiple income sources across its ecosystem. Investor Appeal: Integrated ecosystems reduce risk, attract investors, and provide stable returns. At Stak Ventures, we’re building ecosystems, not just buildings. Our project 1900 Broadway reflects this commitment, blending adaptability, sustainability, and vibrant community design for the future of urban living. By adopting an ecosystem approach, real estate can become more sustainable, adaptable, and impactful—just like Apple, Tesla, and Amazon have transformed their industries. What lessons can we draw from these companies to create more integrated communities in real estate? Share your thoughts in the comments. #RealEstateDevelopment #Sustainability #MixedUse #Innovation #Apple Let’s rethink real estate as interconnected ecosystems that enrich lives.

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“CMBS apartment distress rates up 185% in last 6 Months; overall rate climbs to 8.62% for all CRE.” 🍀 CRED iQ® (via CRE Daily / The Real Deal) “At the end of May, 46% of all CRE CLO loans were in some type of distress – either watchlisted, specially serviced or delinquent, according to an earlier CRED iQ report.” according to The Real Deal.” Keep in mind that these are CLO loans and not bank loans, which were largely more conservatively underwritten. But imagine what the stats look like for leveraged new apartment construction loans, most of which are personally guaranteed. Ouch. But we’ll leave the discussion about personal guarantees of distressed CRE loans for another day. 🍀 More from CRED iQ® … “The retail and office sectors continue to battle for the highest distress rates, notching 11.7% and 11.5%, respectively. Both sectors saw modest increases of 4 basis points compared to the previous month.” “The hotel sector held on to third place with an 8.1% distress rate, after logging the best month-over-month improvement of the group – shaving 130 basis points from our June print.” “Multifamily monthly distress rate increased – adding a modest three basis point increase to 7.4% and earning multifamily a fourth-place finish. Six months ago, this number was 2.6%. Multifamily now challenges hotels for third place.” “Industrial and self-storage continued operating at sub 1% for all but one of the last 7 months.” Link to the CRED iQ® article here: 👉👉 https://lnkd.in/gCic8UcH 🍀🍀🍀

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The amount of homes listed for sale and then delisted – taken off the market without selling – is rocketing to all-time highs. Rising delistings are a sign of a pricing imbalance, with asking prices higher than what buyers are willing to pay.

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America First, India Next? Understanding the Implications of Trump's 2024 Win for India 1. Trade and Economic Relations:   Potential Trade Tensions: Trump's "America First" policies could lead to more protectionism, which might negatively impact India's exports to the U.S., especially in the IT, pharmaceutical, and textile sectors. Trump may seek to reduce the U.S. trade deficit with India, potentially imposing tariffs or renegotiating trade agreements.  Focus on American Manufacturing: Trump’s emphasis on reshoring U.S. manufacturing jobs could discourage American companies from outsourcing to India. This could affect India’s IT outsourcing sector and its role in global supply chains. 2. Geopolitical Dynamics:   Indo-Pacific Strategy: Trump’s hawkish stance toward China and his desire to limit China’s influence could lead to strengthened U.S.-India cooperation in the Indo-Pacific. Joint military exercises, intelligence sharing, and security partnerships could expand as both countries align against China’s growing power. Strategic Defense Partnerships: Trump's administration is likely to continue deepening defense ties with India, selling more military equipment and facilitating closer defense cooperation, particularly in maritime security in the Indian Ocean region. 3. Immigration Policies:     Tighter Immigration Controls: Trump’s hardline immigration policies could impact the flow of Indian professionals, particularly in technology and healthcare. Tougher restrictions on H-1B visas would make it more challenging for Indian workers to find employment in the U.S., which could have ripple effects on India’s IT services sector.    4. U.S.-India Diplomatic Relations:   Transactional Diplomacy: Trump’s diplomatic style is likely to be more transactional, where India may be required to take more concrete actions on areas like trade, defense cooperation, and international security. India might be expected to align more closely with U.S. policies, particularly in countering China, even if those policies may not always align with India's long-term strategic interests.    5. Environmental and Climate Policies:   Regressive Environmental Policies: Trump’s rollback of environmental protections in the U.S. could have global repercussions. India, which is already dealing with climate challenges, might face increased pressure to maintain its own commitments to global climate accords, even as the U.S. steps back from international climate agreements. #USELECTIONS #REALESTATE #TRUMP #ESG https://lnkd.in/d2GERPYn

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⚡️ According to Ajey Kaushal, Principal at JLL Spark and Center for Real Estate Technology & Innovation Venture Member, the past 18 months saw a tough environment for startups seeking Series A and B funding, with insiders securing additional funds for stronger companies at stable valuations to avoid unfavorable market conditions, while other startups struggled to align with new investors on valuation expectations. “In the 18 months from mid-2022 to the start of this year, seems like most funds saw a drought in deployment, especially in the Series A and B stages. Insiders were preempting rounds at flat valuations for strong companies to avoid having them hit the market, while the less lucky portcos faced adverse selection bias when they were forced to go to the market to raise and couldn't see eye to eye with new investors on price.” Learn more at creti.org tags: #creti #proptech #startups #innovation #entrepreneurship #venturecapital #funding

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