Sunday, May 26

Tag: real estate

Commercial Versus Residential Mortgages: What Are the Differences?
Market

Commercial Versus Residential Mortgages: What Are the Differences?

Owning your own business is a long-standing dream for many, but once you’ve accomplished it, the hard work doesn’t stop. Chances are you’ll want to see your venture grow, and the bigger it becomes, the more there is for you to consider. It may get to a point where you’re looking at purchasing rather than renting suitable business premises. It’s a big step to take, and one you should educate yourself on before going ahead. So what do you need to know? One of the biggest mistakes business owners make pre-purchase is assuming that commercial property mortgages function in much the same way as their residential counterparts. Unfortunately, this is not the case, and it’s something you ought to be aware of. Here are just a few of the ways the two differ. Lending criteria  When y...
RealPage to be Acquired by Thoma Bravo for $10.2 Billion
ACQUISITION

RealPage to be Acquired by Thoma Bravo for $10.2 Billion

SAN FRANCISCO, 21st December 2020-- RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry has entered into a definitive agreement to be acquired by Thoma Bravo, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt. Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon the closing of the transaction. Upon completion of the transaction, RealPage expects to continue operating under the leadership of Chairman and CEO Steve Winn and the existing RealPage leadership team based in Richardson, Texas. “RealPage’s industry-leading platform is critical to the real estate ecosystem and has tremendous potential going fo...
NoBroker raises $30 Million in funding led by General Atlantic
FUNDING

NoBroker raises $30 Million in funding led by General Atlantic

Mumbai, Apr 17th, 2020: Bengaluru-based startup NoBroker raises $30 Million (about Rs 230 crore) in funding led by private equity player General Atlantic. With this funding round, NoBroker so far raises USD 151 million. "This USD 30 million investment is an addition to the Series D funding, wherein the company raised USD 50 million or over Rs 615 crore in October last year taking it to USD 80 million. The initial round of Series D funding was led by Tiger Global, and General Atlantic had also participated in it," the company said in a statement. The company plans to utilise the funds for expanding to new cities and also go deeper in the existing cities and service more customers. "We are focused on building India''s largest one-stop platform for all real estate needs. This fun...
HouseCanary Acquires Real Estate Technology Startup
ACQUISITION

HouseCanary Acquires Real Estate Technology Startup

Home valuation fintech pioneer HouseCanary has acquired Dropmodel, a technology startup with analytic and financial modeling solutions for the single-family real estate asset class. In addition, Dropmodel Co-Founder Tom Blake has joined the company as Vice President of Investor Platform. This is the first acquisition for HouseCanary which recently closed a $65M Series C growth funding round. Dropmodel is a web-based real estate financial modeling, analysis, and presentation application that includes a suite of smart, flexible models, calculators, and tools for the single-family real estate sector. It helps single-family real estate investors across all strategies "drop" their data into analytical models and get instant, comprehensive results that support data-driven business de...
Spaciya Advisors Raises USD 0.5 million Pre Series Funds
FUNDING

Spaciya Advisors Raises USD 0.5 million Pre Series Funds

New Delhi, March 2, 2020: Realty firm Spaciya Advisors has raised Pre-Series funding from Indian angel investor Alok Grag, an investor to many real estate startups in India. Spaciya will utilize the raised capital to expand to newer regions, build its brand through collaborative marketing and make technological advancements. Spaciya, which was started in the year 2016, works entirely on data analytics, research and market intelligence. The market intelligence has helped the company to introduce the office lease SPY REPORT which is custom-tailored for any start-up or corporate to know the inside information before they decide to take a new office. Spaciya’s transactional services arm enables the companies to execute the transactions. Mr. Alok Garg, serial entrepreneur and investo...
Blackstone Acquires Cafe Coffee Day Tech Park For up to Rs 3,000 cr
ACQUISITION

Blackstone Acquires Cafe Coffee Day Tech Park For up to Rs 3,000 cr

India's leading Coffee chain operator Coffee Day Enterprises announced sale of its Global Village Tech Park in Bengaluru to Blackstone for up to Rs 3,000 crore to cut its debt. The announcement comes weeks after Coffee Day Enterprises founder V G Siddhartha allegedly committed suicide. In a letter purportedly written by him, Siddhartha mentioned severe financial stress being faced by his group firms, among other issues. "The Board of Directors of the company...discussed methods of deleveraging the group. Towards the objective of deleveraging the board discussed and approved the disinvestment of Global Village Tech Park in its subsidiary, Tanglin Developments Ltd, in favour of Blackstone," Coffee Day Enterprises said in a BSE filing. "The transaction valuation is about Rs 2600-300...
Temasek and Ascendas-Singbridge to Invest 2000 Crore in India
BUSINESS

Temasek and Ascendas-Singbridge to Invest 2000 Crore in India

Global Investment Company Temasek and Singapore's Ascendas-Singbridge are looking forward to investing Rs. 2000 crore in India's industrial real estate and logistics sector. It is interesting to note that Ascendas-Singbridge has launched an "Ascendas India Logistics Programme" which has Temasek as its principal investor. Speaking of the latest development, Ascendas said in its official statement, Temasek and Ascendas-Singbridge Group have jointly committed Rs 20 billion (approx Singapore dollar 400 million) to invest in logistics and industrial real estate in key locations in India. The investment strategy for the programme will be executed by "Ascendas-Firstspace" which is a platform established by Ascendas-Singbridge and Firstspace Realty in 2017. Interestingly, India's indust...
Five Major Economic Changes of Middle East to Look Into
MIDDLE EAST

Five Major Economic Changes of Middle East to Look Into

Middle East region has always been a conflicted area ever since its inception. Whether it is the continuously growing mass killing of Syrian refugees, or it is never ending regional, religious issues in Jerusalem, or the threats posed by ISIL groups over Syria and Libya, the problems just never seem to seize. In the midst of all the negative occurrences hovering and circumscribing the middle east, let’s have a sharp look at the positive advances of the economic aspects of the middle east region.   Booming Startups & Tech Middle east is now becoming one of those countries, which is attracting a lot of business with a wide range of start-ups and entrepreneurship enthusiasts. JustMop, Talabat, Souq.com, are some of the expanding start-ups with brilliant innovative ideas, that ar...
Real Estate Startup Propstack Secured Funding from PE Professionals
FUNDING

Real Estate Startup Propstack Secured Funding from PE Professionals

Mumbai based real estate intelligence provider Propstack Services Pvt Ltd has received funding in a latest round from high profile private equity and hedge fund professionals. The investments are reportedly made in a personal capacity, however, the amount of funding was not disclosed. The funding will be utilized to accelerate the adoption and development of Propstack platform with the help of industry experts. The investor board of Propstack now includes S Sriniwasan, MD of Kotak Investment Advisors, Shanti Ekambaram, president-consumer banking Kotak Mahindra Bank’s, Ashish Khandelia, KKR Director, and US-based Rohatyn Group’s managing director TS Sivashankar. Founded back in 2013, by Raja Seetharaman, Shubhankar Dongre and Sandeep Reddy, the startup provides information on comme...
First Time Facebook To Build Houses in Silicon Valley
News

First Time Facebook To Build Houses in Silicon Valley

The shortage of housing in California's Silicon Valley has gotten so severe that Facebook Inc on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters. The growth of Facebook, Alphabet Inc's Google and other tech companies has strained neighborhoods in the San Francisco Bay area that were not prepared for an influx of tens of thousands of workers during the past decade. Home prices and commute times have risen. Tech companies have responded with measures such as internet-equipped buses for employees with long commutes. Facebook has offered at least $10,000 in incentives to workers who move closer to its offices. Those steps, though, have not reduced complaints that tech companies are making communities ...
Magicbricks Posts 20% Growth in Revenue in 2016-17
BUSINESS

Magicbricks Posts 20% Growth in Revenue in 2016-17

Realty portal Magicbricks today reported 20 per cent growth in revenue during last fiscal at Rs 132.6 crore. It posted 30 per cent growth in revenue during the fourth quarter at Rs 36 crore, Magicbricks said in a statement. "While there has been short-term pressure on the pace of growth post demonetisation, we saw search queries recovering strongly in the fourth quarter of 2016-17, indicating consumer sentiment revival. We beat the slowdown through a series of initiatives across product innovation, traffic growth, channel initiatives and partnership alliances," Magicbricks CEO Sudhir Pai said. In the ongoing fiscal, the company plans to launch a series of new business lines around commercial real estate, the rental segment, luxury and NRI segments. It will also integrate produc...
Zippserv Raises Rs 2.5 Crore as Seed Funding
FUNDING

Zippserv Raises Rs 2.5 Crore as Seed Funding

Real estate risk assessment firm Zippserv today said it has raised Rs 2.5 crore as seed funding for expansion. The Bengaluru-based firm announced that it has closed seed fund round of Rs 2.5 crore from undisclosed sources. It will utilise funds for expansion beginning with Mumbai and Pune in the coming months, a company statement said. Zippserv helps home buyers in verifying the veracity of ownership papers, validating legal wrangles, encroachment related issues, adherence to bye-laws and quality of construction. "Zippserv today provides a one stop shop to alleviate any concern related to property purchase be it both old and new," the statement said. ZippServ co-founder Debashish Hota said the funding will help it to scale operations rapidly to other cities as well as add se...