#Land acquisition loan

[srghousingfinanceblog]

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[grrajeshkumar]

Unveiling Chennai's Hidden Gems: TNHB Plots and Houses - Affordable Housing that's Taking the City by Storm!

Unveiling Chennai’s Hidden Gems: TNHB Plots and Houses When it comes to affordable housing options in Chennai, TNHB (Tamil Nadu Housing Board) plots and houses stand out as hidden gems. In a city where real estate prices are soaring, TNHB offers an oasis of affordable housing solutions for individuals and families. Let’s dive into the world of TNHB plots and houses, explore their benefits, and…

[mostlysignssomeportents]

The reason you can’t buy a car is the same reason that your health insurer let hackers dox you

On July 14, I'm giving the closing keynote for the fifteenth HACKERS ON PLANET EARTH, in QUEENS, NY. Happy Bastille Day! On July 20, I'm appearing in CHICAGO at Exile in Bookville.

In 2017, Equifax suffered the worst data-breach in world history, leaking the deep, nonconsensual dossiers it had compiled on 148m Americans and 15m Britons, (and 19k Canadians) into the world, to form an immortal, undeletable reservoir of kompromat and premade identity-theft kits:

https://en.wikipedia.org/wiki/2017_Equifax_data_breach

Equifax knew the breach was coming. It wasn't just that their top execs liquidated their stock in Equifax before the announcement of the breach – it was also that they ignored years of increasingly urgent warnings from IT staff about the problems with their server security.

Things didn't improve after the breach. Indeed, the 2017 Equifax breach was the starting gun for a string of more breaches, because Equifax's servers didn't just have one fubared system – it was composed of pure, refined fubar. After one group of hackers breached the main Equifax system, other groups breached other Equifax systems, over and over, and over:

https://finance.yahoo.com/news/equifax-password-username-admin-lawsuit-201118316.html

Doesn't this remind you of Boeing? It reminds me of Boeing. The spectacular 737 Max failures in 2018 weren't the end of the scandal. They weren't even the scandal's start – they were the tipping point, the moment in which a long history of lethally defective planes "breached" from the world of aviation wonks and into the wider public consciousness:

https://en.wikipedia.org/wiki/List_of_accidents_and_incidents_involving_the_Boeing_737

Just like with Equifax, the 737 Max disasters tipped Boeing into a string of increasingly grim catastrophes. Each fresh disaster landed with the grim inevitability of your general contractor texting you that he's just opened up your ceiling and discovered that all your joists had rotted out – and that he won't be able to deal with that until he deals with the termites he found last week, and that they'll have to wait until he gets to the cracks in the foundation slab from the week before, and that those will have to wait until he gets to the asbestos he just discovered in the walls.

Drip, drip, drip, as you realize that the most expensive thing you own – which is also the thing you had hoped to shelter for the rest of your life – isn't even a teardown, it's just a pure liability. Even if you razed the structure, you couldn't start over, because the soil is full of PCBs. It's not a toxic asset, because it's not an asset. It's just toxic.

Equifax isn't just a company: it's infrastructure. It started out as an engine for racial, political and sexual discrimination, paying snoops to collect gossip from nosy neighbors, which was assembled into vast warehouses full of binders that told bank officers which loan applicants should be denied for being queer, or leftists, or, you know, Black:

https://jacobin.com/2017/09/equifax-retail-credit-company-discrimination-loans

This witch-hunts-as-a-service morphed into an official part of the economy, the backbone of the credit industry, with a license to secretly destroy your life with haphazardly assembled "facts" about your life that you had the most minimal, grudging right to appeal (or even see). Turns out there are a lot of customers for this kind of service, and the capital markets showered Equifax with the cash needed to buy almost all of its rivals, in mergers that were waved through by a generation of Reaganomics-sedated antitrust regulators.

There's a direct line from that acquisition spree to the Equifax breach(es). First of all, companies like Equifax were early adopters of technology. They're a database company, so they were the crash-test dummies for ever generation of database. These bug-riddled, heavily patched systems were overlaid with subsequent layers of new tech, with new defects to be patched and then overlaid with the next generation.

These systems are intrinsically fragile, because things fall apart at the seams, and these systems are all seams. They are tech-debt personified. Now, every kind of enterprise will eventually reach this state if it keeps going long enough, but the early digitizers are the bow-wave of that coming infopocalypse, both because they got there first and because the bottom tiers of their systems are composed of layers of punchcards and COBOL, crumbling under the geological stresses of seventy years of subsequent technology.

The single best account of this phenomenon is the British Library's postmortem of their ransomware attack, which is also in the running for "best hard-eyed assessment of how fucked things are":

https://www.bl.uk/home/british-library-cyber-incident-review-8-march-2024.pdf

There's a reason libraries, cities, insurance companies, and other giant institutions keep getting breached: they started accumulating tech debt before anyone else, so they've got more asbestos in the walls, more sagging joists, more foundation cracks and more termites.

That was the starting point for Equifax – a company with a massive tech debt that it would struggle to pay down under the most ideal circumstances.

Then, Equifax deliberately made this situation infinitely worse through a series of mergers in which it bought dozens of other companies that all had their own version of this problem, and duct-taped their failing, fucked up IT systems to its own. The more seams an IT system has, the more brittle and insecure it is. Equifax deliberately added so many seams that you need to be able to visualized additional spatial dimensions to grasp them – they had fractal seams.

But wait, there's more! The reason to merge with your competitors is to create a monopoly position, and the value of a monopoly position is that it makes a company too big to fail, which makes it too big to jail, which makes it too big to care. Each Equifax acquisition took a piece off the game board, making it that much harder to replace Equifax if it fucked up. That, in turn, made it harder to punish Equifax if it fucked up. And that meant that Equifax didn't have to care if it fucked up.

Which is why the increasingly desperate pleas for more resources to shore up Equifax's crumbling IT and security infrastructure went unheeded. Top management could see that they were steaming directly into an iceberg, but they also knew that they had a guaranteed spot on the lifeboats, and that someone else would be responsible for fishing the dead passengers out of the sea. Why turn the wheel?

That's what happened to Boeing, too: the company acquired new layers of technical complexity by merging with rivals (principally McDonnell-Douglas), and then starved the departments that would have to deal with that complexity because it was being managed by execs whose driving passion was to run a company that was too big to care. Those execs then added more complexity by chasing lower costs by firing unionized, competent, senior staff and replacing them with untrained scabs in jurisdictions chosen for their lax labor and environmental enforcement regimes.

(The biggest difference was that Boeing once had a useful, high-quality product, whereas Equifax started off as an irredeemably terrible, if efficient, discrimination machine, and grew to become an equally terrible, but also ferociously incompetent, enterprise.)

This is the American story of the past four decades: accumulate tech debt, merge to monopoly, exponentially compound your tech debt by combining barely functional IT systems. Every corporate behemoth is locked in a race between the eventual discovery of its irreparable structural defects and its ability to become so enmeshed in our lives that we have to assume the costs of fixing those defects. It's a contest between "too rotten to stand" and "too big to care."

Remember last February, when we all discovered that there was a company called Change Healthcare, and that they were key to processing virtually every prescription filled in America? Remember how we discovered this? Change was hacked, went down, ransomed, and no one could fill a scrip in America for more than a week, until they paid the hackers $22m in Bitcoin?

https://en.wikipedia.org/wiki/2024_Change_Healthcare_ransomware_attack

How did we end up with Change Healthcare as the linchpin of the entire American prescription system? Well, first Unitedhealthcare became the largest health insurer in America by buying all its competitors in a series of mergers that comatose antitrust regulators failed to block. Then it combined all those other companies' IT systems into a cosmic-scale dog's breakfast that barely ran. Then it bought Change and used its monopoly power to ensure that every Rx ran through Change's servers, which were part of that asbestos-filled, termite-infested, crack-foundationed, sag-joisted teardown. Then, it got hacked.

United's execs are the kind of execs on a relentless quest to be too big to care, and so they don't care. Which is why their they had to subsequently announce that they had suffered a breach that turned the complete medical histories of one third of Americans into immortal Darknet kompromat that is – even now – being combined with breach data from Equifax and force-fed to the slaves in Cambodia and Laos's pig-butchering factories:

https://www.cnn.com/2024/05/01/politics/data-stolen-healthcare-hack/index.html

Those slaves are beaten, tortured, and punitively raped in compounds to force them to drain the life's savings of everyone in Canada, Australia, Singapore, the UK and Europe. Remember that they are downstream of the forseeable, inevitable IT failures of companies that set out to be too big to care that this was going to happen.

Failures like Ticketmaster's, which flushed 500 million users' personal information into the identity-theft mills just last month. Ticketmaster, you'll recall, grew to its current scale through (you guessed it), a series of mergers en route to "too big to care" status, that resulted in its IT systems being combined with those of Ticketron, Live Nation, and dozens of others:

https://www.nytimes.com/2024/05/31/business/ticketmaster-hack-data-breach.html

But enough about that. Let's go car-shopping!

Good luck with that. There's a company you've never heard. It's called CDK Global. They provide "dealer management software." They are a monopolist. They got that way after being bought by a private equity fund called Brookfield. You can't complete a car purchase without their systems, and their systems have been hacked. No one can buy a car:

https://www.cnn.com/2024/06/27/business/cdk-global-cyber-attack-update/index.html

Writing for his BIG newsletter, Matt Stoller tells the all-too-familiar story of how CDK Global filled the walls of the nation's auto-dealers with the IT equivalent of termites and asbestos, and lays the blame where it belongs: with a legal and economics establishment that wanted it this way:

https://www.thebignewsletter.com/p/a-supreme-court-justice-is-why-you

The CDK story follows the Equifax/Boeing/Change Healthcare/Ticketmaster pattern, but with an important difference. As CDK was amassing its monopoly power, one of its execs, Dan McCray, told a competitor, Authenticom founder Steve Cottrell that if he didn't sell to CDK that he would "fucking destroy" Authenticom by illegally colluding with the number two dealer management company Reynolds.

Rather than selling out, Cottrell blew the whistle, using Cottrell's own words to convince a district court that CDK had violated antitrust law. The court agreed, and ordered CDK and Reynolds – who controlled 90% of the market – to continue to allow Authenticom to participate in the DMS market.

Dealers cheered this on: CDK/Reynolds had been steadily hiking prices, while ingesting dealer data and using it to gouge the dealers on additional services, while denying dealers access to their own data. The services that Authenticom provided for $35/month cost $735/month from CDK/Reynolds (they justified this price hike by saying they needed the additional funds to cover the costs of increased information security!).

CDK/Reynolds appealed the judgment to the 7th Circuit, where a panel of economists weighed in. As Stoller writes, this panel included monopoly's most notorious (and well-compensated) cheerleader, Frank Easterbrook, and the "legendary" Democrat Diane Wood. They argued for CDK/Reynolds, demanding that the court release them from their obligations to share the market with Authenticom:

https://caselaw.findlaw.com/court/us-7th-circuit/1879150.html

The 7th Circuit bought the argument, overturning the lower court and paving the way for the CDK/Reynolds monopoly, which is how we ended up with one company's objectively shitty IT systems interwoven into the sale of every car, which meant that when Russian hackers looked at that crosseyed, it split wide open, allowing them to halt auto sales nationwide. What happens next is a near-certainty: CDK will pay a multimillion dollar ransom, and the hackers will reward them by breaching the personal details of everyone who's ever bought a car, and the slaves in Cambodian pig-butchering compounds will get a fresh supply of kompromat.

But on the plus side, the need to pay these huge ransoms is key to ensuring liquidity in the cryptocurrency markets, because ransoms are now the only nondiscretionary liability that can only be settled in crypto:

https://locusmag.com/2022/09/cory-doctorow-moneylike/

When the 7th Circuit set up every American car owner to be pig-butchered, they cited one of the most important cases in antitrust history: the 2004 unanimous Supreme Court decision in Verizon v Trinko:

https://www.oyez.org/cases/2003/02-682

Trinko was a case about whether antitrust law could force Verizon, a telcoms monopolist, to share its lines with competitors, something it had been ordered to do and then cheated on. The decision was written by Antonin Scalia, and without it, Big Tech would never have been able to form. Scalia and Trinko gave us the modern, too-big-to-care versions of Google, Meta, Apple, Microsoft and the other tech baronies.

In his Trinko opinion, Scalia said that "possessing monopoly power" and "charging monopoly prices" was "not unlawful" – rather, it was "an important element of the free-market system." Scalia – writing on behalf of a unanimous court! – said that fighting monopolists "may lessen the incentive for the monopolist…to invest in those economically beneficial facilities."

In other words, in order to prevent monopolists from being too big to care, we have to let them have monopolies. No wonder Trinko is the Zelig of shitty antitrust rulings, from the decision to dismiss the antitrust case against Facebook and Apple's defense in its own ongoing case:

https://www.ftc.gov/system/files/documents/cases/073_2021.06.28_mtd_order_memo.pdf

Trinko is the origin node of too big to care. It's the reason that our whole economy is now composed of "infrastructure" that is made of splitting seams, asbestos, termites and dry rot. It's the reason that the entire automotive sector became dependent on companies like Reynolds, whose billionaire owner intentionally and illegally destroyed evidence of his company's crimes, before going on to commit the largest tax fraud in American history:

https://www.wsj.com/articles/billionaire-robert-brockman-accused-of-biggest-tax-fraud-in-u-s-history-dies-at-81-11660226505

Trinko begs companies to become too big to care. It ensures that they will exponentially increase their IT debt while becoming structurally important to whole swathes of the US economy. It guarantees that they will underinvest in IT security. It is the soil in which pig butchering grew.

It's why you can't buy a car.

Now, I am fond of quoting Stein's Law at moments like this: "anything that can't go on forever will eventually stop." As Stoller writes, after two decades of unchallenged rule, Trinko is looking awfully shaky. It was substantially narrowed in 2023 by the 10th Circuit, which had been briefed by Biden's antitrust division:

https://law.justia.com/cases/federal/appellate-courts/ca10/22-1164/22-1164-2023-08-21.html

And the cases of 2024 have something going for them that Trinko lacked in 2004: evidence of what a fucking disaster Trinko is. The wrongness of Trinko is so increasingly undeniable that there's a chance it will be overturned.

But it won't go down easy. As Stoller writes, Trinko didn't emerge from a vacuum: the economic theories that underpinned it come from some of the heroes of orthodox economics, like Joseph Schumpeter, who is positively worshipped. Schumpeter was antitrust's OG hater, who wrote extensively that antitrust law didn't need to exist because any harmful monopoly would be overturned by an inevitable market process dictated by iron laws of economics.

Schumpeter wrote that monopolies could only be sustained by "alertness and energy" – that there would never be a monopoly so secure that its owner became too big to care. But he went further, insisting that the promise of attaining a monopoly was key to investment in great new things, because monopolists had the economic power that let them plan and execute great feats of innovation.

The idea that monopolies are benevolent dictators has pervaded our economic tale for decades. Even today, critics who deplore Facebook and Google do so on the basis that they do not wield their power wisely (say, to stamp out harassment or disinformation). When confronted with the possibility of breaking up these companies or replacing them with smaller platforms, those critics recoil, insisting that without Big Tech's scale, no one will ever have the power to accomplish their goals:

https://pluralistic.net/2023/07/18/urban-wildlife-interface/#combustible-walled-gardens

But they misunderstand the relationship between corporate power and corporate conduct. The reason corporations accumulate power is so that they can be insulated from the consequences of the harms they wreak upon the rest of us. They don't inflict those harms out of sadism: rather, they do so in order to externalize the costs of running a good system, reaping the profits of scale while we pay its costs.

The only reason to accumulate corporate power is to grow too big to care. Any corporation that amasses enough power that it need not care about us will not care about it. You can't fix Facebook by replacing Zuck with a good unelected social media czar with total power over billions of peoples' lives. We need to abolish Zuck, not fix Zuck.

Zuck is not exceptional: there were a million sociopaths whom investors would have funded to monopolistic dominance if he had balked. A monopoly like Facebook has a Zuck-shaped hole at the top of its org chart, and only someone Zuck-shaped will ever fit through that hole.

Our whole economy is now composed of companies with sociopath-shaped holes at the tops of their org chart. The reason these companies can only be run by sociopaths is the same reason that they have become infrastructure that is crumbling due to sociopathic neglect. The reckless disregard for the risk of combining companies is the source of the market power these companies accumulated, and the market power let them neglect their systems to the point of collapse.

This is the system that Schumpeter, and Easterbrook, and Wood, and Scalia – and the entire Supreme Court of 2004 – set out to make. The fact that you can't buy a car is a feature, not a bug. The pig-butcherers, wallowing in an ocean of breach data, are a feature, not a bug. The point of the system was what it did: create unimaginable wealth for a tiny cohort of the worst people on Earth without regard to the collapse this would provoke, or the plight of those of us trapped and suffocating in the rubble.

Support me this summer on the Clarion Write-A-Thon and help raise money for the Clarion Science Fiction and Fantasy Writers' Workshop!

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/06/28/dealer-management-software/#antonin-scalia-stole-your-car

Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg

CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en

[pannaginip]

Located 62km north-east of the capital Manila, Daraitan village in Rizal province is home to about 5,700 residents, a majority of whom are members of the Dumagat-Remontado indigenous people who consider vast hectares of the mountain range as part of their ancestral domain.

But the village may soon disappear under the same waters that give it life, once the Philippine government finishes building the Kaliwa Dam – one of 16 flagship infrastructure projects of former president Rodrigo Duterte that is being funded by China.

The new dam is expected to provide Metro Manila with an additional 600 million litres of water daily once it is finished by end-2026. Officials said building the 60m-high reservoir is even more necessary now that the country is starting to feel the impact of the El Nino weather phenomenon.

But it was only in 2021 under Mr Duterte that construction finally broke ground, three years after Manila and Beijing signed the 12 billion peso (S$288 million) loan agreement.

Of the 119 on the list [of flagship projects of the "Build, Build, Build” infrastructure programme], Mr Duterte turned to China to finance 16 big-ticket projects in a bid to cement his legacy by the time his presidency ended in 2022. He embraced Beijing during his term and even downplayed Manila’s claims in the disputed South China Sea in favour of securing loans and grants from China.

Analysts have criticised Mr Duterte’s infrastructure programme as ambitious. Perennial domestic issues like local politics, right-of-way acquisition problems, lack of technology and red tape in bureaucracy led to severe delays in the projects.

The same issues hound the China-funded projects – which come under Beijing’s Belt and Road Initiative (BRI) to build infrastructure in developing nations – with the problems made more severe by Beijing’s high interest rates in its loan agreements and local backlash due to displacement of residents or potential environmental damage.

Critics say the BRI has been detrimental in the long run to some recipient countries, especially those that have been unable to repay their loans, like Sri Lanka and Zambia.

The Duterte government’s failure to take advantage of its BRI loans was a “missed opportunity” for the Philippines, said infrastructure governance specialist Jerik Cruz, a graduate research fellow at the Massachusetts Institute of Technology.

The four completed China-funded projects under Mr Duterte were controversial too. But they came to fruition because they had the support of local politicians allied with Mr Duterte and therefore increased his political capital, said Dr Camba.

Tribal leaders said they were not properly consulted regarding the project that threatens their traditional way of life. Environmentalists from the Stop Kaliwa Dam Network also say the project would destroy 126 species of flora and fauna in the Sierra Madre.

The Philippines’ Indigenous Peoples’ Rights Act states that the government must first secure a tribe’s free, prior and informed consent before building on its ancestral lands.

But Ms Clara Dullas, one of the leaders of the Dumagat-Remontado in Rizal, alleged that the Duterte government had either misinformed or pressured other tribe members into giving their consent.

She could not bear to hold grudges, though, noting that the Dumagat-Remontado organisations that eventually agreed to the Kaliwa Dam were each given 80 million pesos, or $1.9 million, in “disturbance” fees.

“The Kaliwa Dam is the reason why our tribe is divided now. There is a crack in our relationships even if we all come from the same family,” said Ms Dullas. “I can’t blame the others because we lack money. I believe there was bribery involved.”

The government requires them to present identification documents, and only those given passes may enter. Mr Dizon said this is to ensure that no unidentified personnel enter the area [close to the construction zone].

“We feel like we are foreigners in our own home because the Chinese and the people in our own government are now preventing us from entering the lands where we grew up,” said tribe leader Renato Ibanez, 48.

Mr Ibanez also accuses the Philippine authorities of harassing tribe members who are vocal against Kaliwa Dam. Some of them have been accused of working with communist rebels, a charge the tribe vehemently denies.

Unlike his predecessor, Mr Marcos is more aggressive in defending Manila’s overlapping claims with Beijing in the South China Sea, but still fosters economic ties with it.

Geopolitical tensions between the two nations and Mr Marcos’ stance towards Beijing are going to dictate the fate of the pending China-funded projects the President inherited from Mr Duterte, said Mr Cruz.

Tribe members said they would be more amenable if Mr Marcos would revisit Japan’s proposed Kaliwa Intake Weir project that Mr Duterte had set aside.

“We like Japan’s proposal. It would not destroy our forests. It would not affect residents here. The Philippines would not be buried in debt,” said Ms Dullas.

This was among the alternatives the Dumagat-Remontados offered during their nine-day march in February 2023, when some 300 members walked 150km from Quezon and Rizal all the way to Manila to protest against the Kaliwa Dam.

But they failed to secure an audience with Mr Marcos. They remain wary of the President’s position on the Kaliwa Dam and other controversial China-funded deals.

“As much as we want to fully pin our hopes on him, we don’t. We’ve learnt from past efforts to trick us, make us believe a project is about to end, only for it to be resurrected again years later,” said Ms Dullas.

2024 Mar. 3

[gabessquishytum]

Warprize Hob, but he’s someone else’s warprize pet when he and Dream meet.

King Dream is visiting another kingdom and is shown the ruler’s newest acquisition, Hob, and apart from being immediately enthralled he can tell that Hob’s situation is…not great.

He’s not being tortured or traumatized, but it’s clear that his pleasure or care is very secondary to his owner’s, and he doesn’t really receive focused attention or aftercare or even rewards for good behavior. Dream’s not even sure Hob received any training in learning to enjoy his position, that any pleasure he gets from pain or humiliation is entirely coincidence and incidental. Even if he wasn’t interested in Hob specifically, Dream would disapprove on principle. He’s now determined to take Hob for himself and give him all the attention he deserves.

Now either this kingdom is small or insignificant enough that Dream feels comfortable just menacing its ruler into handing Hob over, or it’s large or important enough that Dream must negotiate or challenge for Hob and win (if the latter the ruler is probably Lucifer and the challenge is something similar to canon). Either way though, I think beforehand Dream is given an opportunity to win Hob’s personal regard that he takes full advantage of; it’s the practice of this court to essentially loan out their warprizes to particularly important foreign dignitaries for the duration of their stay, and either by lucky chance or manipulation Dream is given Hob.

Dream wastes no time dedicating every spare moment he has on Hob, on treating him right, and showering him with every bit of pleasure and care he could ever want. By the time Dream turns his attention to claiming Hob from his soon-to-be-previous owner, Hob is at least halfway in love and dearly hoping for Dream’s success.

Dream starts heading home with Hob tucked into his side, and he’s already sent word ahead to prepare clothing and accessories and sex toys for his new prize.

-🪽anon

I ABSOLUTELY love this. Yes Dream, steal that traumatised hottie and take him home!!!

Kinda love the idea that Lucifer has been keeping Hob up to now and showing him off as a prize from the latest land they conquered. Hob was just a random soldier who happened to survive but Lucifer likes telling people that he was a prince. They dress Hob in chains and rags and generally humiliate him, which Hob isn’t super into to be honest, not when he hasn't had a decent meal in 3 months.

Dream gets the dubious honour of having Hob all to himself for the duration of the visit. Lucifer gives him permission to do anything short of killing Hob, but Dream is generally horrified by the whole situation. He gives Hob a bath, dresses him properly and feeds him!!! Which pretty much endears him to Hob for life. Dream is genuinely captivated by the lovely doe eyed warprize and is determined to have him - but he knows that Lucifer won't give in without a fight.

For the entirety of Dream’s visit they spend time together, and Dream bestows as much pleasure on Hob as possible. He sucks his little cock, fucks him, even lets Hob switch and fuck him. He learns about Hob secret little kinks and makes him cum at least four times every day. Hob is suddenly in sensory heaven, and he begs Dream not to leave him.

And of course Dream doesn't. He challenges Lucifer for the ownship of their prize, and he WINS - in front of the entire assembled court. And he makes a quick exit with Hob in tow. He's aware that Lucifer is now seriously pissed off.

Oh, but it's worth it. Hob is a treasure. Endlessly loyal and eager to please, he would do absolutely anything to make Dream happy. He curls up at the foot of Dream’s bed each night and Dream can hear him thanking the gods for his rescuer. Such a sweet little thing. And he's quite the slut too, when he's treated right.

He loves to be allowed to cum multiple times over the day, but really his favourite thing is to have Dream’s cum on his skin. Whether Dream gives him a facial, or paints the lovely swell of his arse with release, Hob is bound to moan ecstatically. It reminds him that he belongs to Dream, now. He methodically rubs Dream’s cum into his flesh until the entire palace knows that he's been fucked.

And Dream loves him more with every passing day.

[ineloquent-egyptian]

Speaking of the UAE's increasing control in Egypt, this is also important:

UAE-based agribusiness Al Dahra and the Abu Dhabi Exports Office (ADEX) have signed a $500 million deal to supply Egypt with wheat, a statement said on Monday. The five-year agreement, worth $100 million per year, will provide Egypt with imported milling wheat "at competitive prices". Egypt, a major buyer of basic commodities, has been suffering a foreign currency crunch after the Ukraine war delivered a broad shock to its economy.

_Reuters, (August 14, 2023)

Where's the 500 million dollars worth of wheat that we're taking a loan to buy from the UAE (evil) coming from? Egyptian land, we're buying Egyptian wheat from Emiratis.

Emirati expansion into Egyptian wheat

In 2014, Al Dahra announced that it would expand wheat cultivation in Egypt, with the aim of producing 300,000 tons—or 10% of the local supply at the time—by 2016, adding that all the company’s wheat would be sold on the Egyptian market. Al Dahra, along with the Emirati company Jenaan, explained at the time that they were changing their strategy and moving into wheat instead of fodder based on the advice of the Emirati government, in order to meet Egypt’s local needs. Borrowing in order to buy Egyptian-grown wheat raises questions about the nature of foreign and Gulf agricultural investments in Egypt, the terms of contracts, and how to achieve justice and sustainability in light of such investments.

[...]

Some of the largest Saudi and Emirati agricultural land holdings are concentrated in Egypt and Sudan, due to their geographical proximity and the close political relations between these countries. The host country bears the costs of infrastructure such as irrigation canals and industrial works, while investors assume the expenses of land reclamation.

Toshka and East Owainat offer vast tracts of land for Gulf acquisition, and their agricultural investments and activities in these areas share several common features, including: • They are capital intensive, rather than labor-intensive projects: By some estimates, Al Dahra and Jenaan employ just 200 people—Egyptians and foreigners—at their sites in Egypt, a far smaller labor force than is required to cultivate similar areas in the Nile Valley and Delta. This figure also falls far short of one of the most important stated goals of the Toshka project, which is to create 450,000 jobs annually. • They are water intensive: These firms have not complied with the terms of their contracts that limit their cultivation of water-intensive crops such as alfalfa to just 5% of total crops. In fact, such crops make up some 25% of their total cultivation. • Their holdings were obtained as part of questionable land deals: The Central Auditing Organization said in a 2014 report that land was sold to Al Dahra for EGP50 per feddan in 2005, at a time when the going market price was EGP11,000. A lawsuit was filed challenging the deal in 2011, and the Egyptian party won a preliminary ruling in its favor, but the entire case was subsequently closed due to the failure to complete the investigation, and Al Dahra resumed operations. Given the lack of transparency and available data, there is insufficient evidence showing that this type of Gulf acquisition brings a mutual benefit to both parties.

AUC's Alternative Policy Solutions (August 13, 2023)

I recommend reading the whole article.

Also, ..

According to three traders who spoke to Reuters, Egypt is currently in discussions with an Abu Dhabi-based bank regarding a loan facility that would be used to finance wheat purchases from Kazakhstan.

[...]

The negotiations for the loan deal with Kazakhstan are still in the early stages, and the discussions involve determining the price, quantities of wheat, and the loan’s value. The source familiar with the talks did not disclose the name of the Abu Dhabi-based bank involved. Traders learned about the potential deal during a wheat tender conducted by Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC).

Middle East Economy (September 22, 23)

[thaiattorney]

Buying Property in Thailand

Thailand is an attractive destination for property buyers due to its scenic landscapes, vibrant cities, and welcoming culture. However, purchasing property in Thailand, especially as a foreigner, involves navigating a complex legal framework and understanding the local market intricacies. This comprehensive guide will provide detailed insights, enhancing expertise and credibility by delving into the legalities, procedures, and best practices for buying property in Thailand.

1. Understanding the Legal Framework

Key Legal Restrictions:

Land Code Act B.E. 2497 (1954): Foreigners cannot own land in Thailand except under specific conditions.

Condominium Act B.E. 2522 (1979): Foreigners can own up to 49% of the total floor area of a condominium building.

Foreign Business Act B.E. 2542 (1999): Regulates foreign business activities and investments, impacting property purchases for business purposes.

Exceptions and Alternatives:

Board of Investment (BOI) Projects: Foreigners investing in BOI-promoted projects can acquire land under specific conditions.

Long-Term Leases: Foreigners can lease land for up to 30 years, with options to renew.

Thai Company Ownership: Forming a Thai company where foreigners hold less than 50% of shares allows indirect land ownership.

2. Types of Property Available for Purchase

Condominiums:

Freehold Ownership: Foreigners can own condominium units outright.

Ownership Percentage: The foreign ownership quota in a condominium building should not exceed 49%.

Leasehold Properties:

Land and Houses: Foreigners can lease land and houses for up to 30 years, with potential for renewal.

Registration: Leases exceeding three years must be registered at the Land Department to be legally enforceable.

Investment Properties:

Commercial Real Estate: Foreigners can invest in commercial properties through long-term leases or joint ventures with Thai partners.

Resort and Hotel Investments: Special regulations apply to foreign investments in resort and hotel properties, often requiring joint ventures.

3. Due Diligence and Legal Processes

Conducting Due Diligence:

Title Search: Verify the property’s legal status, ownership history, and any encumbrances or disputes.

Zoning and Land Use: Ensure the property complies with local zoning laws and land use regulations.

Environmental Compliance: Check for any environmental restrictions or issues affecting the property.

Engaging Legal and Financial Advisors:

Real Estate Lawyer: Hire a reputable lawyer specializing in Thai real estate to guide you through the legal processes.

Financial Advisor: Consult a financial advisor to understand tax implications, financing options, and investment strategies.

Steps in the Buying Process:

Reservation Agreement: Sign a reservation agreement and pay a reservation fee to secure the property.

Due Diligence: Conduct thorough due diligence with the help of legal advisors.

Sale and Purchase Agreement (SPA): Draft and sign the SPA, detailing the terms and conditions of the sale.

Deposit Payment: Pay a deposit, typically 10-30% of the purchase price.

Transfer of Ownership: Complete the transfer at the Land Department, paying the remaining balance and associated fees.

4. Costs and Taxes Involved

Purchase Costs:

Transfer Fee: 2% of the appraised property value.

Stamp Duty: 0.5% of the purchase price or appraised value, whichever is higher.

Withholding Tax: 1% of the appraised value or the actual sale price, whichever is higher.

Specific Business Tax (SBT): 3.3% of the appraised or actual sale price, applicable if the property is sold within five years of acquisition.

Ongoing Costs:

Common Area Fees: Monthly fees for maintenance of common areas in condominiums.

Property Tax: Annual property tax based on the assessed value of the property.

Utilities and Maintenance: Regular expenses for utilities, repairs, and maintenance.

5. Financing Options

Local Financing:

Thai Banks: Some Thai banks offer mortgage loans to foreigners for condominium purchases.

Eligibility Criteria: Generally, borrowers need to have a work permit, proof of income, and a good credit history.

Foreign Financing:

Home Country Banks: Some buyers secure financing from banks in their home countries, leveraging their assets abroad.

International Mortgage Providers: Specialized financial institutions provide mortgages for international property purchases.

Payment Plans:

Developer Financing: Some developers offer financing plans with staggered payments during the construction period.

Installment Payments: Buyers can negotiate installment payments directly with sellers or developers.

6. Common Pitfalls and How to Avoid Them

Legal Complications:

Unclear Title: Always verify the title to avoid disputes and ensure clear ownership.

Zoning Issues: Confirm zoning regulations to ensure the property can be used as intended.

Contractual Disputes: Have all agreements reviewed by a lawyer to prevent misunderstandings and ensure enforceability.

Financial Risks:

Currency Fluctuations: Be aware of exchange rate risks when making payments in foreign currency.

Hidden Costs: Account for all additional costs such as taxes, fees, and maintenance expenses.

Financing Challenges: Ensure you have a clear financing plan and understand the terms of any loans or payment plans.

7. Enhancing Expertise and Credibility

Demonstrating Professional Credentials:

Legal Qualifications: Highlight the legal qualifications and experience of your advisors and partners.

Professional Experience: Detail your experience in handling property transactions in Thailand.

Memberships and Affiliations: Include memberships in professional organizations like the Thai Bar Association, the Real Estate Broker Association, or international property associations.

Providing Authoritative References:

Cite Legal Documents: Reference specific sections of the Land Code Act and Condominium Act to support your points.

Expert Opinions: Incorporate insights from recognized experts in Thai real estate law and property investment.

Including Detailed Case Studies:

Client Testimonials: Feature testimonials from clients who have successfully purchased property in Thailand with your assistance.

Real-Life Examples: Provide detailed examples of successful transactions, highlighting any challenges overcome and solutions implemented.

Visual Aids and Infographics:

Process Flowcharts: Use flowcharts to depict the steps involved in the property buying process.

Diagrams: Create diagrams to visually explain key legal concepts and ownership structures.

[scotianostra]

DavysStreams

@davysstreams

A Tumblr blog for my streams, Sports, TV Shows and Movies, give me a shout if you want anything posted.

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davysstreams

Jan 18, 2022

If you don’t want to miss a game why not go for an IPTV set up.  DM @Gabbo1980 on Twitter, and mention my name, you get ALL the games and more the costs just £10 a month or £70 for a full year, it is the way forward and in my eyes a bargain. You’ll need an Android box or better still a Amazon Firestick, which costs around £30, but you wont regret it. Some TV’s have also got Android on them nowadays. As well as sports you get loads of other stuff, all the Sky Cinema channels,  documentaries, kids channels, channels from around the world including Irish TV channels, USA Movies,  if you were paying for this through Sky, BT, Virgin etc it would be over £100 per month.

4 notes

davysstreams

4m ago

May 13th 1568 saw the Battle of Langside.

The army under King James VI name was under the command of the Regent and Mary’s half brother James Stewart, Earl of Moray whilst his deputy and commander of the vanguard was James Douglas, Earl of Morton. The army consisted of troops hastily assembled but included some experienced soldiers - notably William Kirkcaldy of Grange.  Furthermore the Regent’s cause was widely supported amongst the Scottish nobility, many of whom had profited from the Reformation not least from the cheap acquisition of former church lands.

The Queen’s army, whilst nominally headed by the Mary, was under the military command of Archibald Campbell, Earl of Argyll. It included a number of a notable magnates amongst them the Earls of Eglinton, Casselis and Rothes.

With The Earl of Morton in command of his main force, Moray appointed Kirkcaldy to have ‘special care as an experimented captain to oversee every danger‘. Kirkcaldy took two hundred hagbutters “musketeers” forward to occupy cottages on each side of Long Loan, where garden walls offered protection from cannon fire, and he reserved two hundred pikemen and cavalry on the west side of the village.  

Realising the danger, Mary sent Maitland to negotiaite with Moray, but the Hamilton’s were spoiling for a fight and jumped the gun. Kirkcaldy rode from wing to wing to supervise the defences, while the twenty-five-year-old Lord Claud Hamilton advanced with Mary’s main army of 2,000 men supported by and George, 5th Lord Seton’s cavalry.  They stormed into Long Loan, where Kirkcaldy picked them off easily with his hagbutters backed by Ker of Cessford and Home, on foot with pike in hand, leading his six hundred spearmen.  Mary’s troops fought their way forward bravely despite the cost, and almost turned Moray’s right flank, but Kirkcaldy, ever vigilant, saw the danger.  He called up the rear-guard led by Sir William Douglas and Lindsay as reinforcement.

Kirkcaldy had orders from Moray to minimise bloodshed, and his forces struck the enemy on their flanks and faces, throwing them into confusion.  Mary’s van needed support from the main body of her troops under Argyll, but it is said that at this critical moment he fainted, possibly with an epileptic fit, and the leaderless Argylls refused to budge without him.  According to a French source, Mary rode forward from a nearby hill to lead them into battle herself, but the Argylls continued to quarrel among themselves and would not listen to her ‘eloquence’.  Yet it is more probable that she made good her escape.

Kirkcaldy now moved forward, sending in pikemen against the Hamilton’s, but obeying Moray’s instruction to avoid loss of life and to capture as many as he could.  Mary’s troops were routed, and the Argyll’s broke away, fleeing back to the Highlands.  Argyll, the unwitting cause of Mary’s disaster, escaped to Dunoon, and would not submit to Moray.  Only a hundred of Mary’s men were slain but three hundred, including Seton, James, 4th Lord Ross, and Sir James Hamilton of Finnart, were taken prisoner.   Robert Melville, who had not been involved in the fighting, was also captured, but, with Kirkcaldy as his brother-in-law and two brothers supporting Moray, he was soon freed.  The whole skirmish that sealed Mary’s fate, and it was little more than this, took three-quarters of an hour.

A couple of interesting asides is the map’s depiction of Glasgow at this period. Despite its cathedral and university, it was little more than a town surrounding its castle. And  William Kirkcaldy of Grange, who basically won the battle for King James as the only experienced “general”, went on to support Mary suggesting a peaceful settlement with her was possible

Grange went on to hold Edinburgh Castle in her name in what is known as the “lang siege” after surrendering he was hanged on 3rd August 1573.

[shiningsagittarius]

Tumblr’s Favorite Cog: Round 2

I thought it’d be fun to take the results from my other polls and put them against each other to get a final winner, so go ahead and vote for your favorite cog out of these options!

(The street manager poll ended in a tie so I flipped a coin to get Duck Shuffler, sorry Firestarter enjoyers)

[zany1122]

B Khata Home Loan In Bangalore

Plot Advance Specialist in Bangalore, India: Envision your ideal Bangalore home - open, vaporous, and precisely the way in which you imagine it. Yet, that fantasy starts with a strong groundwork - the plot of land where your vision will show signs of life. A Plot Credit Expert in Bangalore, India, can assist with making obtaining that ideal plot a breeze.

Get Capital, B Khata Home Loan In Bangalore , India, works in orchestrating helpful and bother free credits explicitly intended for buying private plots. Whether you call it a plot credit, land credit, or land supporting, we figure out the significance of this critical initial step.

Our Plot Credit takes care of a great many borrowers, with serious loan fees to make your fantasy Bangalore home much more reasonable. Contact a Plot Credit Specialist in Bangalore today and begin constructing your fantasy!

ey Elements of Plot Advance in Bangalore, India: Advance for Plot Buy: Plot credit is explicitly intended to back the acquisition of private land.

Adaptable Credit Sums: We orchestrate advance adds up to suit your financial plan and plot size. Cutthroat Financing costs: Appreciate serious plot credit loan fees to make your venture sensible.

Improved on Qualification: We have clear qualification standards to smooth out the application cycle.

Advantages of Taking Plot Credit in Bangalore, India: Getting a plot credit in india can be favorable for supporting the acquisition of private land. Here is a breakdown of a portion of the key advantages:

Qualification for Credit for Acquisition of Private Plot Alluring Plot Advance Loan fees Reasonable Reimbursement Residencies No Pre-installment Punishment on Plot Credit Low Handling Expense for Plot Funding Negligible Documentation Expected for Plot Advance Potential Tax reductions Plot Credit Loan cost in Bangalore, India: The benchmark for financing costs is the arrangement repo rate, which is right now set at 6.5%. This rate influences different credit items presented by banks.

Credit Rates for Salaried and Independently employed People

Extraordinary Plot Advances: Financing costs for these credits range from 8.50% to 9.30% per annum.

Standard Plot Advances: Financing costs for these credits range from 9.05% to 9.80% per annum.

[prshnt34]

Swastik Legal – A Benchmark for Excellence Among Top Tier Law Firms in India

In the vast and competitive realm of legal services, distinguishing oneself as a leading firm requires more than just expertise; it requires innovation, client dedication, and an unwavering commitment to excellence. Swastik Legal embodies these attributes, setting itself apart as a quintessential example of a Top Tier Law Firm in India.

A Legacy of Excellence

Swastik Legal's journey to becoming one of the Top Tier Law Firms in India is marked by a rich legacy of legal prowess and client satisfaction. Established with the vision of providing superior legal services, the firm has grown into a formidable player in the Indian legal landscape. With a team of highly skilled professionals and a portfolio of high-profile cases, Swastik Legal has set a benchmark for legal excellence.

Key Practice Areas

1. Real Estate Law

Swastik Legal has made significant strides in the field of real estate law. From advising on large-scale property transactions to handling disputes related to land acquisitions, their expertise is unparalleled. The firm's deep understanding of real estate regulations and market dynamics enables them to provide sound legal advice and ensure smooth property dealings for their clients.

2. Banking and Finance

The banking and finance sector in India is complex and highly regulated. Swastik Legal excels in providing legal solutions for financial institutions and corporate entities. They handle a range of issues from regulatory compliance and loan agreements to complex financial structuring and insolvency proceedings.

3. Healthcare and Pharmaceuticals

In a sector as critical as healthcare, legal expertise is essential. Swastik Legal offers specialized services to healthcare providers and pharmaceutical companies. They assist in navigating regulatory frameworks, handling intellectual property matters, and addressing compliance issues, ensuring that clients operate within the bounds of the law.

4. Technology and Data Protection

With the rise of digital technologies, Swastik Legal has positioned itself as a leader in technology and data protection law. They provide comprehensive legal services related to technology contracts, cybersecurity, data privacy, and digital rights. Their proactive approach helps clients safeguard their technological assets and comply with data protection regulations.

Why Choose Swastik Legal?

1. Innovative Solutions

Swastik Legal’s commitment to innovation is evident in its approach to solving legal challenges. The firm employs cutting-edge technology and creative strategies to provide effective legal solutions. Their forward-thinking mindset ensures that clients receive modern, efficient legal services.

2. Client-Centric Philosophy

At the core of Swastik Legal’s success is its client-centric approach. The firm places a strong emphasis on understanding the unique needs of each client and tailoring legal solutions accordingly. This personalized service fosters strong, long-term relationships and ensures client satisfaction.

3. Experienced Professionals

Swastik Legal’s team comprises seasoned legal professionals with extensive experience across various practice areas. Their expertise and deep industry knowledge allow them to handle complex legal matters with proficiency and confidence.

FAQs About Top Tier Law Firms in India

What distinguishes Swastik Legal from other top-tier law firms? Swastik Legal’s innovative approach, client-centric philosophy, and broad range of specialized services distinguish it from other top-tier law firms.

How does Swastik Legal handle complex legal issues? Swastik Legal uses a combination of cutting-edge technology and experienced legal professionals to tackle complex legal issues, ensuring effective and efficient solutions.

What industries does Swastik Legal serve? Swastik Legal serves a diverse range of industries, including real estate, banking and finance, healthcare, pharmaceuticals, and technology.

How does Swastik Legal stay updated with legal developments? The firm stays updated with legal developments through continuous professional education, industry research, and active participation in legal forums and conferences.

What role does client feedback play at Swastik Legal? Client feedback is crucial for Swastik Legal, as it helps them refine their services and maintain high standards of client satisfaction.

Conclusion

Swastik Legal exemplifies the qualities that define a Top Tier Law Firm in India. Through innovation, a client-centric approach, and a team of seasoned professionals, the firm continues to set the standard for legal excellence. For those seeking a legal partner that combines expertise with a deep understanding of diverse industries, Swastik Legal stands out as a trusted and capable choice.

[basicfinanceloan]

Short-Term Property Loans: A Flexible Solution for Your Real Estate Needs

In the dynamic world of real estate investment and property management, having access to flexible and timely financial solutions is crucial. Short term property loans Short-term property loans are an excellent option for those seeking quick capital for real estate ventures. These loans cater to a variety of needs, from property renovations to bridging finance between transactions.

What Are Short-Term Property Loans?

Short-term property loans are financial products designed to provide immediate funding for property-related purposes. Typically, these loans have a repayment period ranging from a few months to a few years. They are particularly useful for investors, developers, and property owners who need quick access to capital.

Key Features of Short-Term Property Loans

Rapid Approval and Disbursement: One of the main advantages of short-term property loans is their fast approval process. Unlike traditional mortgages that can take weeks or even months, short-term loans often have streamlined procedures that allow for quick disbursement of funds.

Flexible Repayment Terms: These loans offer flexible repayment schedules tailored to the borrower's needs. Whether you need to make monthly payments or prefer a lump-sum repayment at the end of the term, short-term loans can be structured to suit various financial situations.

Higher Interest Rates: Due to their short duration and the expedited nature of the loan process, interest rates on short-term property loans are generally higher than those of long-term loans. It's essential to factor in these rates when planning your financial strategy.

Secured by Property: Short-term property loans are typically secured by the property itself. This means that the property serves as collateral, which can make it easier to qualify for the loan but also puts the property at risk if repayments are not made.

Common Uses for Short-Term Property Loans

Property Flipping: Investors looking to buy, renovate, and sell properties quickly often rely on short-term property loans. The quick access to funds allows them to act fast and complete renovations before selling the property for a profit.

Renovations and Repairs: Homeowners and landlords needing to make urgent repairs or updates to a property can use short-term loans to cover the costs. This is especially useful when renovations need to be completed swiftly to meet market demands or tenant requirements.

Bridging Finance: Short-term property loans are often used as bridging finance to cover the gap between the purchase of a new property and the sale of an existing one. This type of loan ensures that buyers can move forward with their transactions without delay.

Development Projects: Real estate developers can use short-term loans to finance various stages of a development project. Whether it’s for land acquisition, construction, or other project-related expenses, these loans provide the necessary capital to keep the project on track.

Choosing the Right Short-Term Property Loan

When selecting a short-term property loan, it's important to compare different lenders and loan products. Consider factors such as interest rates, fees, and the terms and conditions of the loan. Additionally, ensure that you have a clear repayment plan in place to avoid any financial strain.

Conclusion

Short-term property loans offer a valuable financial tool for those involved in real estate transactions and property management. With their quick approval processes and flexible terms, they provide an effective solution for urgent funding needs. Short term property loans Whether you’re flipping properties, undertaking renovations, or managing bridging finance, short-term property loans can help you achieve your goals efficiently.

For more information on short-term property loans and to explore your options, visit Basic Finance Loans.

[crelaw-commercialrealestate]

Representative Matters for Shams Merchant

Commercial Real Estate Acquisitions & Dispositions

Represented a REIT in the $200 million sale of a corporate campus and North American HQ of a large public company.

Led the sale of a $150 million award-winning mixed-use development for a private investment firm to an out-of-state buyer.

Assisted a biomedical company in purchasing industrial property from a large chemical corporation for $10 million.

Represented a private seller in the $30 million sale of an award-winning redevelopment project in Houston.

Managed the $112 million acquisition of a medical office building in Sugar Land, Texas, for a REIT.

Guided private equity in acquiring a $10 million office building in Houston and over 10 acquisitions of raw land for retail and hospitality projects.

Commercial Real Estate Leasing

Represented one of the largest real estate developers globally in leasing office and retail projects in Houston.

Assisted private investment groups with leasing Class A office and retail spaces in award-winning developments.

Represented leading industrial real estate firms in leasing industrial properties and resolving various leasing disputes.

Commercial Real Estate Development

Represented a private investment firm in a $150 million mixed-use development in downtown Houston.

Managed raw land acquisitions for retail center development and ongoing real estate development matters in Texas.

Commercial Real Estate Finance

Assisted high-net-worth clients and private groups with loan document revisions and acquisition loan negotiations.

Represented private equity firms in negotiating CMBS loans and "bad boy" carve-outs.

Commercial Real Estate General

Drafted and negotiated a wide range of real estate agreements, including REAs, CCRs, easements, and development agreements.

Handled 1031 tax-deferred exchanges, construction contracts, and other real estate-related matters.

Corporate and Business Law

Structured corporate documents for private equity firms, including partnership agreements, LLC operating agreements, and business reorganizations.

Provided on-going legal support to real estate investors and private equity firms on various corporate matters.

Securities and Fund Formation

Represented private equity groups in Rule 506(b) fund formations, including a $30 million fund for industrial properties and a $50 million fund for build-to-rent homes.

Provided legal advice for multi-family, retail, industrial, and office property acquisitions.

Mergers and Acquisitions

Represented restaurant owners in acquisitions, including lease negotiations and expansion projects.

Title Insurance, Closings & Escrow Services

Managed title, escrow, and closing services for investors, developers, and private investment firms through affiliated title companies. Successfully closed billions of dollars in commercial real estate transactions.

Shams Merchant continues to lead high-profile transactions, ensuring clients' interests are protected while maintaining efficient and effective legal services across a broad range of commercial real estate matters.

[srishticonstructions]

Why Are Property Prices So High In India?

Reasons Why Property Prices Are So High In India

Understanding why Property Prices So High In India requires examining several interconnected factors. The Real Estate Prices India are influenced by a combination of demand, supply, economic conditions, and regulatory frameworks. Here are the key reasons:

a. Non-availability of Land In Prime Locations

One of the primary reasons for High Property Prices in India is the scarcity of land in prime locations. Major cities like Mumbai, Delhi, and Bangalore face significant land shortages due to urbanization and population growth. For instance, in Mumbai, the price per square foot can exceed ₹1 lakh in prime areas like South Mumbai, making it unaffordable for many buyers. The limited availability of developable land drives competition and, consequently, prices skyward.

b. High Demand For Properties In Developed Areas

The demand for properties in developed areas significantly contributes to Property Prices So High In India. As more people migrate to urban centers for better job opportunities, the demand for housing continues to rise. According to a report by Credai, property prices across the top eight cities in India surged by around 20% over the past two years. This demand, coupled with limited supply, creates a perfect storm for rising prices.

c. Political Impact on Real Estate

Political stability and policies play a crucial role in the real estate market. Political imbalances can lead to uncertainty, affecting investor confidence and property prices. For example, changes in government policies regarding land acquisition and real estate regulations can impact the market. When investors perceive instability, they may either hesitate to invest or inflate prices in anticipation of future gains, contributing to High Property Prices in India.

d. Inflation and Property Prices

Inflation is another significant factor affecting Property Prices So High In India. As the cost of materials and labor increases, real estate developers pass these costs onto buyers. For instance, the Consumer Price Index (CPI) in India has seen fluctuations, and with inflation rates hovering around 6–7%, the cost of construction materials like cement and steel has also risen. This increase directly impacts the final price of properties.

e. Interest Rates and Housing Market

Interest rates significantly influence the housing market and contribute to Property Prices So High In India. Low home loan interest rates encourage more people to borrow money to buy homes, increasing demand. For example, when the Reserve Bank of India (RBI) reduced interest rates to historic lows during the pandemic, many buyers entered the market, pushing prices higher. As of now, interest rates are around 7–8%, which still makes borrowing attractive, albeit with rising prices.

f. Foreign Investment in Indian Real Estate

Foreign investment has been a driving force behind the surge in Property Prices So High In India. Indian real estate has attracted significant foreign capital, particularly in metropolitan areas. According to a report from JLL, foreign direct investment (FDI) in the real estate sector reached ₹40,000 crores in 2022. This influx of capital not only boosts demand but also inflates property prices, making it challenging for local buyers to compete.

If you are curious about learning more about Property Financing Options, please take a moment to read this blog. ‘’10+ Financing Options For Real Estate Projects: A Developer’s Guide’’

Navigating the High Property Prices in India

The combination of limited land availability, high demand for properties in developed areas, political factors, inflation, interest rates, and foreign investment all contribute to the phenomenon of Property Prices So High In India. Understanding these factors can help potential buyers navigate the complex real estate landscape.

At Srishti Constructions, we recognize the challenges posed by these rising prices and are committed to providing affordable housing solutions without compromising on quality. Our focus is on developing projects that cater to the needs of the community while addressing the pressing issue of housing affordability.

Key Takeaways

Property Prices So High In India are influenced by various factors, including land scarcity, high demand, political conditions, inflation, interest rates, and foreign investment.

Understanding these factors can help buyers make informed decisions in the real estate market.

Srishti Constructions is dedicated to providing affordable housing solutions while addressing the challenges posed by rising property prices.

[marketing741]

The Best Land Properties for Sale in Bhubaneswar | Gaurabh Properties

Do you want to buy land in Bhubaneswar, but the prices seem too high? Or maybe you're unhappy with where the selections are located? Gaurabh Properties offers the best land properties for sale in the Bhubaneswar area, so if these kinds of problems are keeping you from buying land, go with them. They will offer you advice and assist you in choosing the ideal houses for your requirements. Their employees are sympathetic and aware of your unique needs, including those related to finances. They are there to help you with every step of the way, making the process of buying land easy. Their members assist you with every step of the procedure, from assisting with loan acquisition to assisting with land registration. Every procedure is carried out in a transparent manner, adhering to all laws and regulations. Land purchases become simple as a result of these elements. Thus, don't let anything prevent you from buying land; work with Gaurabh Properties to make the process simple and painless.

[fss-12345]

Documentation and Legal Checks Required When Buying a 3 BHK Apartment in Shaikpet

When purchasing a 3 BHK apartment in Shaikpet, Hyderabad, it's essential to complete thorough documentation and legal checks to ensure a secure transaction. This guide provides a comprehensive overview of the necessary steps for buying��flats for sale in 3 BHK, including open flats for sale in Shaikpet, and other flats for sale in Shaikpet. Understanding these requirements will help you make informed decisions and avoid potential legal issues with flats for sale in Hyderabad.

1. Verify the Property Title

The first step in buying apartments for sale in 3 BHK Shaikpet is to verify the property title. Ensure the seller has a clear, marketable title for the 3 BHK apartments in Shaikpet. Check that the flats for sale in Shaikpet are free from legal disputes, encumbrances, or pending mortgages. Obtaining and verifying the title deed is crucial to ensure the legitimacy of the property and to avoid complications with flats for sale in Hyderabad.

2. Check the Sale Deed and Ownership Documents

Review the sale deed and ownership documents for any flats for sale in Shaikpet. The sale deed should accurately reflect the transaction details and be registered with the sub-registrar office. Confirm that the 3 BHK apartments in Shaikpet are free from legal claims or liens. Consistent and valid ownership documents, including previous sale deeds and land records, are essential for a smooth purchase of apartments for sale in 3 BHK Shaikpet.

3. Ensure Approvals and Clearances

Before finalizing your purchase of apartments for sale in 3 BHK, verify that the property has obtained all necessary approvals and clearances from local authorities. This includes the building plan approval, environmental clearance, and occupancy certificate. Ensuring that the open flats for sale in Shaikpet comply with local zoning laws and building regulations guarantees that the 3 BHK apartments for sale in Shaikpet are legally constructed and ready for occupancy.

4. Confirm Encumbrance Certificate

An encumbrance certificate is vital when buying flats for sale in Shaikpet. This document certifies that the property is free from financial liabilities or legal disputes. Obtain the encumbrance certificate from the sub-registrar office to ensure that the 3 BHK apartments for sale in Shaikpet you’re interested in have no outstanding loans or claims against them. This step is essential to ensure a smooth ownership transfer for flats for sale in Hyderabad.

5. Verify Developer Credentials

If buying flats for sale in 3 BHK Shaikpet from a developer, check the developer’s credentials and track record. Confirm that the developer has a good reputation and has successfully completed previous projects. Review their registration with regulatory bodies like the Real Estate Regulatory Authority (RERA) to ensure legitimacy. This is particularly important when investing in apartments for sale in 3 BHK Shaikpet to avoid issues related to project delays or construction quality.

6. Examine Lease and Rental Agreements

For those considering investment in 3 BHK apartments for sale in Shaikpet for rental income, review any existing lease or rental agreements associated with the property. Ensure these agreements are legally binding and adhere to local rental laws. Understanding the rental potential and obligations of flats for sale in Shaikpet will help you manage the property effectively and maximize rental returns from flats for sale in Hyderabad.

7. Conduct a Legal Due Diligence

Engage a legal expert to perform thorough due diligence before purchasing flats for sale in Hyderabad. A legal professional can help verify all documents, check for any legal issues, and ensure compliance with legal requirements. Their expertise in handling apartments for sale in 3 BHK Shaikpet and other flats for sale in Shaikpet will be valuable for identifying potential risks and ensuring a hassle-free acquisition process.

8. Verify Property’s Compliance with RERA

Check if the property is registered with the Real Estate Regulatory Authority (RERA). This ensures that the flats for sale in Shaikpet adhere to regulatory standards and that the developer has met all legal requirements. RERA registration is crucial for transparency and protecting your investment in apartments for sale in 3 BHK and flats for sale in Hyderabad.

9. Review the Property’s Maintenance and Service Records

When buying 3 BHK apartments for sale in Shaikpet, review the property’s maintenance and service records. This includes checking for any outstanding maintenance fees or issues that might affect the apartment's condition. Ensuring that the flats for sale in Shaikpet have been well-maintained can prevent unexpected costs and provide a better living experience in flats for sale in Hyderabad.

Conclusion

Purchasing a 3 BHK apartment in Shaikpet requires meticulous attention to documentation and legal checks. From verifying property titles and ownership documents to ensuring necessary approvals and encumbrance certificates, each step is critical for a secure transaction. By following these guidelines and consulting with legal experts, you can confidently proceed with buying apartments for sale in 3 BHK Shaikpet and other flats for sale in Shaikpet. Addressing all legal aspects will help you enjoy a smooth and trouble-free property acquisition experience with flats for sale in Hyderabad.