Rapti Gupta

  • 5 Best American Cities to Sell Your Home
    America's real estate market is largely becoming the seller's market. The "listing life" of homes is reclining as demand for homes is rising exponentially.
  • John Legend Makes a Profit on NYC Condo Sale
    The “Tonight” singer, John Legend has sold his East Village, New York condo for a good $2.6 million. Legend had purchased the home for around $1.9 million back in 2009 and has now sold the crib raking in a profit of $775,000.
  • BBA Says UK Mortgage Approvals hit Record Lows in January
    U.K. mortgage approvals and personal loan levels have been highly affected due to the bad weather in January 2013. The British Bankers’ Association (BBA) said on Monday, Feb 25, said that mortgage approval rates had declined unexpectedly in the country. They also added that overdraft and loan repayments exceeded fresh loan applications and borrowings.
  • New Regulation to Hit Number of Franchisee Stores in Indonesia
    The Trade ministry of Indonesia has announced a new regulation limiting the number of stores or outlets a master food franchisee can hold in the country. The new regulation comes as an effort to avoid monopoly in the market and encourage local and small businesses. The new regulation will drive some of the major franchising players like KFC and McDonalds to cut or slow down on outlet expansions in the country.
  • U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
    The U.S. Federal reserve’s monetary policy has kicked off speculation among experts in the industry about an emerging asset and economic bubble in the country. However, Ben S. Bernanke, Chairman of the reserve has waved away all the concerns claiming that the policy has spurred construction jobs throughout the country and it would not be taking the policy down anytime soon.
  • Saudi Arabian Mortgage Law Regulations Almost Complete
    The Government of Saudi Arabia has finished working on three of the five mortgage laws that it had finalized to ease the shortage of housing in the country. Outlines of the three new regulations were posted Sunday, Feb 24, on the website of Saudi Arabian Monetary Agency (SAMA).The three outlined legislations include- Regulations of the real estate financial law, Regulations of the financial lease law and the regulations of the law on supervision of finance companies.
  • Candy Spelling Sues Landlord over Leasing Issues
    Candy Spelling, widow of TV mogul Aaron Spelling has filed a lawsuit against her landlord over leasing issues. She claims that the landlord is trying to force her to vacate the place before the expiry of the lease. She also claims that she has been paying extra for utilities.
  • America’s Largest Home – Versailles Resumes Construction (VIDEO)
    Westgate Resort Founder, David Siegel owned, “Versailles” will resume construction after being stalled for around three years. Construction on the home had been put on hold as the global recession had crippled Siegel’s finances. However, now that the economy and housing market is rebounding, the construction is back on track.
  • Restoration Hardware to open Restaurant in its Boston Store
    Restoration Hardware, the famous American furniture and Décor chain will be adding an eatery to its upcoming gallery and retail space in its Back Bay Store, Boston. It will open doors of its brand new store on March 7, 2013. Located at 234 Berkeley Street in Back Bay, the store has refurbished the building which once served as the New England Museum of Natural History.
  • Morgan Stanley Real Estate Fund Buys Moscow Mall for $1.2 Billion
    Morgan Stanley Real Estate Investing (MSREI) has purchased a commercial mall in Moscow, Russia for a huge $1.2 billion. The Metropolis Mall is located in the Northwest of Moscow and is the largest commercial deal of Russia till date.
  • Tishman Speyer Wants More Deals with China Vanke
    Just recently, news was out of China’s leading property development firm, China Vanke Company making its debut into the U.S. property market with a partnership deal with American real estate company, Tishman Speyer. With the partnership deal in its kitty, Speyer now hopes to rope in more joint ventures with Vanke.
  • Iraq’s Real Estate Boom Will Offer Extensive Growth Opportunities to Foreign Investors
    Iraq’s real estate sector has come a long way. Post the fall of Saddam Hussein, property prices have risen exponentially in the country leading to a real estate boom. However, this boom will provide maximum opportunities for foreign investment and growth in the area.
  • Haylie Duff Unloads Toluca Lake Home at a Loss
    Haylie Duff, famous sister of equally famous singer/actress Hillary Duff has sold her Toluca Lake home in Los Angeles for $1.7 million. The older Duff had listed the home sometime in September 2012 asking for $1.8 million. The modest home has now sold at a slight loss.
  • Kim Kardashian and Kanye West Sell Bel Air Manse at $1 Million Profit
    Famous socialite Kim Kardashian and rapper boyfriend Kanye West have sold their Bel-Air Mansion for $12 million that they recently purchased for $11 million making a profit of a full $1 million.
  • Iron Chef, Michael Symon Lists SoHo Penthouse for $3.5 Million
    Award winning American chef/restaurateur, Michael Symon has listed his Penthouse in the SoHo neighborhood of New York on the open market with an asking price of $3.5 million. He has also purchased another penthouse in the Gramercy Park area of New York for $2.7 million.
  • Rise in Prices Leads Chinese Government to Curb Home Purchases
    According to a survey conducted by the National Bureau of Statistics (NBS), average home prices in China rose the highest in January 2013, when compared to the figures of the same period in 2012. This is leading the Chinese regulators to tighten real estate speculations in the country.
  • MGM Resorts International Contemplating CityCenter Mall Sale
    MGM Resorts International, the largest casino operator in Las Vegas is looking to sell parts of its property in the CityCenter complex on the Las Vegas Strip to get out of its “immense” debt. Potential buyers have already started approaching the management with proposals to purchase one of its luxury malls - The Crystals Mall worth $8.5 billion.
  • Otak Inc. Founder Othman launches New Real Estate Investment and Consulting Firm
    Nawzad Othman, former CEO of global engineering firm, Otak Inc recently announced the launching of a new international real estate investment firm – The Othman Group on Wed, Feb 20, 2013 in Portland, Oregon in a press release. The new company will primarily aim at meeting needs of clients from the Middle East and the Pacific Northwest.
  • Amy Smart Drops $2.5 Million on Beverly Hills Home (VIDEO)
    The “Shameless” actress, Amy Smart has dropped a cool $2.5 million on a property in Beverly Hills. The model turned actress purchased the property recently with host husband Carter Oosterhouse and plan to settle down in the home.
  • Matthew Perry Sells Hollywood Hills Home for $4.7 Million
    Chandler Bing of the “Friends” fame, Matthew Perry has finally sold his Hollywood hills home for a cool $4.7 million. He had listed it in September 2012 asking for $5.3 million. However, he cut off a little chunk of the price as the property sat unclaimed for four months.
  • Live Nation CEO Purchases Properties Worth $15 Million in Los Angeles
    The CEO of entertainment and concert company, Live Nation Entertainment, Michael Rapino has dropped around $15 million for two properties in Brentwood, Los Angeles. Together, the two properties claim a square footage of nearly two acres. Rapino purchased the two adjacent plots from financier John Rocchio who first listed the lots in November 2012.
  • Rising Home Prices Rescue a Number of American Underwater Home Owners
    The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively.
  • Foreign Investors Jumping into US Rental Market
    As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors.
  • US Single Family Home Constructions and Permits hit Four-Year High, NAHB report
    According to a report released by the National Association of Home Builders (NAHB), construction of single family home rose by 0.8 percent throughout the country in January. The number of permits for the construction of these homes also rose 1.9 percent to hit a record high in the past four years.
  • Pamela Anderson Lists in Malibu following Financial Crisis
    The Baywatch bombshell, Pamela Anderson has listed her Malibu bay-front property for $7.7 million. The blonde beauty has listed her home as she has been facing some financial problems.
  • Rory Kennedy Purchases Home in Malibu for $2.9 Million
    Famous producer/director, Rory Kennedy has bought a posh beach front mansion in Malibu, California for a cool $2.9 million. Kennedy picked the home up in a bank foreclosure sale on Friday, Jan. 25, 2013.
  • InterContinental Hotels Posts 11 percent Profit Led by China and US
    InterContinental Hotel Group (IHG), the world’s largest hotel group by room count, recently declared its Operating profit results of 2012. The company announced that it had accounted a 10 percent actual operating profit throughout the year. Major contributors to the profits were its growing operations in China, America and Europe.
  • Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom
    With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom.
  • China Vanke Enters US Markets with Tishman Speyer Deal
    China Vanke Company, the largest property developer of China, has entered the U.S. market with a partnership deal to build a residential complex in San Francisco, California. The venture marks Vanke’s first entry into the real estate market of U.S.
  • London Heathrow Airport’s Phase 1 Revamp Project Nearing Completion
    Renovation and expansion of phase one at London Heathrow Airport, U.K. is nearing completion. The $4 billion renovation project began in 2008 and is set to open access of its new premises to the public in 2014.
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