Sunday, September 28, 2008

Renting Makes More Financial Sense Than Homeownership

I have something un-American to confess: I rent an apartment, despite having enough money to buy a house. I plan to keep renting for as long as I can. I'm not just holding out for better prices. Renting will make me richer.

I normally write about stocks for, but the boss asked me to explain to readers my reason for renting. Here goes: Businesses are great investments while houses are poor ones, so I'd rather rent the latter and own the former.

Stocks vs. Houses: Returns:

To Read More, Please, Visit: Jack Hough - Yahoo! Real Estate

Related Stories:

1) Should I buy or rent a property in Pune?
The Pune Real Estate calculator will assist you in comparing the cost of buying a real-estate property in Pune to the cost of renting a property in Pune. Read More:

2) Even if you own a house, you can claim HRA deductions
Leading up to the last date of filing tax returns (July 31), over the past few weeks, this column has been dealing with various issues related with the tax-filing process. Read More:

3) Why the secondary market for premium residential property in NCR has suddenly become very active?
Shabana Patni has been living in a premium condominium in Gurgaon, in the National Capital Region. As a senior manager in a leading IT-enabled services firm, the last thing she ever wanted to worry about was where to stay. She had found a secure, well-located condominium and had been staying there for over five years. But this year she got a jolt. Her rental contract was renewed at a price that was about 30% over what she had been paying. The reason — the rental market had zoomed as never before. Read More:

4) Indian real estate sector emerges as one of the biggest areas of personal investment
Another interesting aspect of real estate, which could help tremendously in personal finance is “rent discounting”. Read More:

5) Real States in Pune and IT Professionals
There is an another angle to it. It is the agent lobby. They have now started to work on anything beyond X is mine policy. Read More:

6) Why Renting is Better than Buying a Home: even in Pune, India!
When you rent, most people mistakenly assume the decision is made out of necessity, not rationality. Read More:

7) Pune real estate slowdown - the records of the stamp and registration office underline slowdown in Pune property market
While the conveyance deeds have remained static in the last three months, registrations by way of leave and license as also lease contracts have shown a steady rise. Read More:

8) The Subprime Meltdown and the Ownership Society
While homeownership is often desirable as a means for accumulating wealth and obtaining secure housing, it will not always be a good mechanism for either.
A serious housing policy should recognize that renting can be a better option for many Americans, especially for tens of millions of families with low and moderate incomes. Read More:

9) Pune needs more hostels
Escalation of real estate rates and the information technology boom has taken a toll on student’s accommodation in Pune. In a span of two years, the average rentals in Deccan area in the city have increased by 75-80 per cent. Read More:

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Wednesday, September 17, 2008

CarVal Investors of US invests private equity in a Runwal Housing Group Company – Runwal Housing & Townships Pvt. Ltd.

Runwal Seagull at Hadapsar:

Runwal Housing Group and US based CarVal Investors have entered into a joint investment to form a special purpose vehicle Runwal Housing & Townships Pvt. Ltd.

CarVal Investors has invested 49 per cent equity to the tune of 8 million US Dollars in this company of the Runwal Housing Group.

CarVal Investors is a global leader in opportunistic value investing, managing investments in four primary asset classes (Loan Portfolios, Real Estate, Corporate Securities and Special Opportunities) in 35 countries around the globe.

These funds will be utilized to complete the Runwal Seagull project of 696 flats at Hadapsar.

This is amongst one of the few Foreign Direct Investment FDI projects in Real Estate at Pune.

Runwal Seagull, near Ganga Village, Handewadi Road, Hadapsar, in Pune, is close to Magarpatta City, SP Infocity SEZ, Kharadi IT Hub.

Real Estate - Asia (Non-Japan): Mujib Mundewadi:

Mr. Sanjay Runwal, Managing Director of the Runwal Housing Group and Mr. Mujib Mundewadi Director of Carval Investors announced this on the occasion of the launch of the II Phase of Runwal Seagull at Hadapsar.

Mujib Mundewadi is responsible for investments in real estate residential projects in India. CarVal Investors aims to invest in residential housing projects across India primarily in metros and in tier II cities as also in warehousing projects. Prior to joining CarVal Investors in 2006, Mr. Mundewadi spent 11 years with ICICI Bank, the largest private bank in India.

Runwal Housing - A Sanjay Runwal Enterprise:

Runwal Housing Group was established by Mr. Sanjay Runwal in 2001 and has completed 27 residential projects and has over 600 happy customers to its credit.

Runwal Housing has obtained Integrated Management Systems (IMS) Certification along with ISO: 9001:2000, ISO: 14001:2004 and OHSAS 18001:2007.

Runwal Housing Group has plans to set up mega township projects as well as special township projects, in and around Pune.

The Group also has plans to set up an IT Park at Nagpur in near future.

No Pain - Only Gain!: Mega Saver Offer:

Mr. Sanjay Runwal also announced a unique Mega Saver Offer for customers coinciding with the 7th anniversary of the Runwal Housing Group.

The scheme offers saving from Rs. 3.25 lakhs to Rs. 5.18 lakhs to the customers booking flats under this scheme.

This scheme is available for a limited period and is an assured saving for the customer and not a discount, Mr. Runwal clarified.

To know more about the Runwal Seagull Mega Saver Offer:

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