Flat in India : For purchasing a home new investment plans

For purchasing a home new investment plans

The founder not live on his real estate assets, but he could do perfectly.  only comes in with around 200 million rupees a year, according to sources familiar with its business.

Only one of its subsidiaries, Real Estate, sold 91 million in 2017, with buildings in India approximately half of annual revenues. The owner be his landlord and the banker accepted for an astronomical price of 458 million. Ortega now owns the emblematic buildings, He has already accumulated seven operations in the India and the last one makes him the main owner of the luxurious Hotel Epic in Miami, an adventure in which he embarked in 2006 together with the architect and the Lowenstein family . To open the sumptuous resort was required to new contribution of 100 million dollars that partners Ortega bypassed, which makes him 90% owner of the hotel.

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Rent rents 200 million a year

Those who know   point out that he is very selective in his investments, he weighs them a lot and, like most of the rich, not to waste is a maxim of life that allows him to reinforce his wealth. But why bet on the crisis in real estate? The bleeding of losses in the stock markets no longer makes investment attractive, nor does it buy debt from developed countries, with the price of money for the soils. With this scenario, his appetite for material goods has been accentuated.

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Not everything is honey in the real estate fortune. Last year had to inject 22.25 million in Real Estate just do not have to dissolve it. The losses, of that amount, 22 million in 2007, were influenced by the depreciation of the assets with the crisis and reduced the own funds to less than half of the social capital. Ortega put the money and avoided closing. After that, it has continued to persevere in new investments.