Domestic MDF market size is pegged at 2500Cr currently & is expected to grow at 15% CAGR over the next 3 years (organised players to grow even faster).

The industry further has potential to capture incremental opportunity of 4500-5000Cr low-end plywood market. https://t.co/Cre3xVUNqu

If there is one sentence that symbolizes the rotten nature of Noida real estate. (Yes, less than 1 cr)

"In 8 cases–the net worth of the sub-lessee was less than even Rs 1 crore but were permitted sub-lease of plots aggregating worth over Rs 500

@VishalBhargava5 The issue is that builders offering smaller carpet area per room. In some cases, it’s even difficult to fit king size bed.

A THREAD on how most real estate folks structure deals with outside investors.

Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.

so i’ve been looking at the alleged “putin palace” alongside a friend who works in real estate here in nyc and really knows their way around floor plans. they prefer to stay anonymous but together we’ve made some interesting discoveries

if you look at the 2nd floor, you will see that there are 11 bedrooms in total on that same floor, 4 corner units are larger suites with living rooms, others are adjacent bedrooms only

you will also see that the alleged "putin suite" is only a bit bigger than the other suites, of which there are four on this floor, and they all have similar features

meanwhile, the alleged "putin bathroom & recreation room" are positioned in a way that they share the balcony with two other, smaller bedrooms. you can also access this balcony through the indoor “winter garden” which is a common area

you can’t see the balcony on the photos they provide and the shots centering the part where putin’s suite is supposed to be are from far away only: is this because they don’t want you to wonder as much?

Headline is a click bait, but nos are good.
Housing sales surge 113% in top 7 cities even as prices rise; massive 300% spike in Hyderabad

https://t.co/NODfkp3BxA