LICHF arm plans Rs 750 cr real

  2011-01-27 01:17:10

MUMBAI: LIC Housing Finance Asset Management Company , a unit of LIC Housing Finance, which figured in the bribes-for-loan scam, is planning a Rs 750-crore real estate fund and is looking for people to manage it.

The company is considering senior executives from Mumbai-based Edelweiss Securities and realtor Tishman Speyers for top positions and candidates from Trikona and realty fund IndiaREIT for the midmanagement level, according to people involved in the recruiting process.

LICHFL Asset Management will raise Rs 500 crore with a greenshoe option of Rs 250 crore through co-sponsors LIC and LIC Housing Finance, who will put in about 20% of the corpus.

"The aim is to tap middle income housing opportunities," LICHFL Asset Management CEO Arun Goel told ET. "Recruitment is an ongoing process and we will build on the team once the fund is closed and we get into investing."

Goel said his company had factored in the 2008 crash and the more recent bribes-forloan scam while deciding to launch the fund. He said the fund would target a 22% return.

100-yr-old Mumbai building fet

  2011-01-26 12:02:50

Nowroz Building, a century-old residential building near Girgaum Chowpatty has been bought by Pune-based developer Avinash Bhosale for Rs 150 crore.

MUMBAI: A century-old residential building in the heart of south Mumbai was purchased by Pune-based developer Avinash Bhosale for Rs 150 crore. The four-storied Nowroz Building on Hughes Road near Girgaum Chowpatty was built at the turn of the last century and is a tenanted, cessed property.

Bhosale confirmed the deal. Speaking to TOI, he said he recently signed an MoU with the owner, Ethix Realtors, belonging to Pune's Gathani family. The building has a heritage facade, but is in a decrepit condition.

It will be demolished to give way to a high-end residential apartment block, said Bhosale. He is believed to be politically connected and has wide business interests, including hospitality, infrastructure and construction. This will be Bhosale's first project in south Mumbai.

The deal comes at a time when redevelopment of cessed properties like Nowroz (constructed prior to 1940) in the island city has slowed down considerably for various reasons. "Tenants are no longer willing to settle for anything less and are demanding larger flats in the redeveloped properties. Some builders, for the first time, are giving bigger flats to existing tenants," said a prominent south Mumbai property redeveloper.

Nowroz Building situated on a 1,061 sq m plot had over a dozen tenants occupying spacious flats. The original landlord, Kathawala, then sold it to the Gathanis.

A year ago, Gathanis sold it to Mumbai-based Kanakia Developers and HDFC Portfolio Management Services who were supposed to develop it jointly.

However, the deal fell through because of various issues and Ethix put the building back on the block some time ago. Sources said the tenants were bought out and the building is now completely vacant. "About Rs 50-60 crore was paid to get the tenants out," they said.

The building is a cessed property, but falls in the Coastal Regulation Zone ( CRZ )). So, it will not be able to avail of any incentive floor space index (FSI) that is generally available for such tenanted redevelopment projects in the island city.

Plot in Mumbai’s Andheri (East

  2011-01-25 11:56:34

In perhaps the largest land transaction beyond Bandra, a seven-acre plot in Andheri (East) was sold for around Rs 800 crore last week. The 30,000 sq m Popular Car Bazar on Andheri-Kurla Road, owned by Mumbai-based real estate company HDIL, sold it to the Kanakia Group a few days after Christmas last month.

The land once belonged to the Thakur family, which sold it to HDIL two years ago for over Rs 400 crore. It was earlier used as a garage. Today , about 20% of the plot is covered by slums. Kanakia is likely to get about seven lakh sq ft to develop here. Sources say the Kanakia Group already has a large commercial project adjoining Popular Car Bazar, and it made sense to take it over.

The Kanakias own the Mariott Courtyard hotel in the vicinity. The new plot they have acquired is also along the upcoming metro line. The group plans to set up a new commercial project . Commercial rates in this area are around Rs 15,000 to Rs 20,000 per sq ft.

Property experts described this as the largest land deal in the distant suburbs in recent times. The city witnessed several big land transactions last year, but most were either in the island city or up to Bandra.

In April 2009, city-based developer Wadhwa Group paid a little over Rs 1,000 crore to Reliance Industries Ltd (RIL)
to develop a 2.5-acre plot (C-66 ) in Bandra-Kurla Complex (BKC). RIL had purchased the plot for Rs 918 crore through a bidding process in 2007.

Early in 2010, the Wadhwa Group had paid Rs 570 crore for the 18-acre Hindustan Composites land in Ghatkopar . A six-acre government plot in Wadala also fetched the highest bid of Rs 4,053 crore from the Lodha Group last year, setting an all-India record and reaffirming Mumbai’s numero uno position in the property market.

BIG-TICKET BUYS

Rs 1,505 crore, Worli Naka: Indiabulls Real Estate buys National Textile Corp’s 8-acre Bharat Mills in 2010 . 1,104 crore, BKC: RIL buys 18 acres in 2006 Rs 831 crore, BKC: Wadhwa Group buys land less than 2 acres in 2007 Rs 807 crore, Kalina: Sajjan Jindal Group buys 2.5 acres of Orbit’s property in 2007 Rs 702 crore, Lower Parel: DLF buys NTC’s 17-acre Mumbai Textile Mills in 2005

Home loan rates set to soar to

  2011-01-25 11:45:16

Mumbai: Planning to take a home loan? Be prepared to shell out double-digit interest rates soon. Lenders say it’s only a matter of time before they are forced to pass on the higher cost of funds to borrowers after the Reserve Bank of India increased key policy rates by 25 basis points on Tuesday.
    The rate hike, the seventh successive one since January 2010, is aimed at controlling inflation which the RBI described as a “dominant concern”. The rate of inflation as measured by the wholesale price index is now forecast to be at 7% by end-March, much
higher than the original estimate of 5%.
    At present, new borrowers get loans at close to 9.5%. But borrowers who have availed of home loans around five years back are already paying over 12% following successive increases in prime lending rates.
    The increase in policy rates may seem modest. But banks are already in deficit mode and borrowing over Rs
1lakh crore from RBI on a daily basis.
    “The liquidity situation is very tight and the cost of funds has gone up for all. Interest rates on home loans would also go up to double digits,” said HDFC chairman Deepak Parekh. He pointed out that top corporates were already borrowing at double digits.
Slow down lending: RBI to banks Higher interest rates should be good news for depositors, though rates at which it lends to and borrows from banks — to 6.5% and 5.5% respectively. According to bankers, the 25 basis point hike was a moderate step and by itself not disruptive to growth. Most banks were expecting that the central bank would take further measures to ease liquidity. Many in the financial sector expected the rate hike to be in the order of 50 basis points. “Going forward, higher demand-side pressures emanating from generalized inflation are likely to surface. their enthusiasm for fixed deposits is likely to wane since inflationary expectations could discourage savings. Rising interest rates could also restrain real estate prices in the medium term by tempering demand.
    Unveiling its quarterly monetary policy review, the RBI on Tuesday hiked the repo and reverse repo — the
Not taming inflation could act as an impediment to the economy’s 8-9% medium term growth rate objective,” said Ajay Srinivasan, chief executive, financial services, Aditya Birla Group.
    What ought to worry borrowers is that RBI has told banks in no uncertain terms that they must slow down lending. The biggest concern for the central bank now is that in the third quarter, banks have lent more money than they raised in the form of deposits.

Real Estate Sector Received $2

  2011-01-25 05:54:16

The housing and real estate sector in India witnessed foreign direct investment (FDI) of $2.8 billion in the fiscal year (April-March) 2009-10, according to indian Department of Industrial Policy and Promotion. According to stats reavealed at IndiaHome property exhibition, which concluded in Dubai on Sunday, total NRI FDI inflows through the period April-December 2009-10 stood at $320.05 million. The housing and real estate sector including cineplex, multiplex, integrated townships and commercial complexes etc, attracted a cumulative FDI of $ 8.4 billion from April 2000 to March 2010, the department said.

Indian real estate is poised to enter an accelerated phase of growth in wake of international investors, the likes of US-based Warburg Pincus, Blackstone Group, Broadstreet, Morgan Stanley Real Estate Fund (MSREF), Columbia Endowment Fund, California Public Employees’ Retirement System (CalPERS), Hines, Tishman Speyer, Sam Zell’s Equity International, JP Morgan Partners and Amaranth Advisors, exploring investment opportunities in India. As per industry experts, overseas property sales account for 30 per cent of Indian real estate sector’s total global sales, of which, 40 per cent are accounted by the UAE-based Indians.

Growth is catalysed by the leading cities of India like Delhi, Mumbai and Bangalore, with capital values appreciating 2-5 per cent across the markets. Saru Kaushal, business manager mortgages of Citibank, which presented the IndiaHome exhibition, said that the property market growth of eight to ten per cent has attracted NRIs who want to invest part of their wealth back home in their first, second or retirement home. Townships and integrated-community developments have emerged as preferred investment destinations.

“One interesting thing is that all cities in India are developing with self sufficient localities within the cities so that residents do not have to travel long distances as they find residential, commercial and other facilities within close proximity,” Saru said. The leading real estate developers of India, pioneering the concept of integrated lifestyle community developments have found ready clients with the liquidity rich NRIs.

Harmit Chawla, vice president sales and marketing, Paras Buildtech India, said that supply runs far short of demand. He said that there were only 30,000 apartments ready in 12 months in Noida against the need for 70,000 apartments. Paras offered two projects at the exhibition, Paras Tierea and Paras seasons in Noida and a commercial project, Paras Trade Centre in Gurgaon. Traditionally, the Indian developers focused on the local market. Of-late developers are waking up to the huge potential of the untapped NRI market.

UAE based NRI’s are looking beyond the traditional Indian homes and prefer well-developed and maintained communities that offer modern amenities, leisure and entertainment opportunities within spacious and secure environs. Focus is to strike a balance between luxury and functionality.

Most of the visitors to the IndiaHome exhibition were looking for second homes, holiday homes and retirement homes while the ones looking at upgrading the living spaces of their parents back home, are equally conscious of security. IndiaHome property exhibition addressed specific needs of the UAE based NRI property investors. Effective in-person interaction platform with the representatives of top-notch developers, reputed for offering a global lifestyle and great living experiences, showcased the best residential opportunities available across India.


Banks Tighten Lending Norms f

  2011-01-25 05:53:04

Banks are getting tough with developers of commercial projects such as office buildings, malls and shopping centres—a fallout of the corporate loan scam that came to light last year. Meanwhile, several large property developers have to repay loans in the coming months. Builders seeking fresh loans have been asked to meet more stringent conditions, including demands to produce five-year lease agreements with tenants, and having to settle for considerably lower borrowings against future rent receivables, two bankers said.

Indian Overseas Bank, for instance, will lend to developers only if they produce a five-year leasing agreement with a lock-in period for tenants. “This is what banks do at this moment,” said M. Narendra, chairman and managing director of the public sector bank. “This way, you can be sure of the repayment capacity of the borrower.” Banks grew wary of lending to commercial real estate projects after several of them turned sour during the slowdown and developers struggled to repay debt. Their worries increased when in November the Central Bureau of Investigation nabbed eight senior officials of state-owned banks and other financial institutions for irregularities in lending to builders.

The Reserve Bank of India (RBI) had been warning banks even earlier about the high-risk nature of realty, terming it a “sensitive sector” along with capital markets and commodities because of likely price fluctuations. Anand Gupta, honorary treasurer of Builders’ Association of India, an industry body of construction contractors and builders, said no new commercial real estate project has been launched in the past couple of months. “Banks have not approved any fresh proposals in the last one-two months,” he said. “Most banks are even hesitating to release sanctioned money.” Bank loans constitute at least half of a developer’s borrowings.

Already, starved of funds from this key source, developers are turning to land sales, pre-sales from projects, rental income from office buildings, institutional borrowings, and money from public share sales to raise money, a majority of it to repay bank debt. “We have made the process more stringent and are highly selective in choosing (real estate) borrowers,” said the head of corporate banking at a state-run bank. He did not want to be named. The executive said his bank has sharply lowered the amount of loan given to even “good” borrowers in the sector against future rent receivables.

“For instance, if the rent lease agreement produced by the developer or owner for five years amounts to Rs.1 crore, we earlier used to give some Rs.80 lakh against that. Now, this proportion has been brought down to, say, Rs.50-60 lakh,” he pointed out. The exposure of Indian banks to the real estate sector was about Rs.5.8 trillion on 31 March 2010, accounting for nearly 17% of their advances. Of this, bankers estimate around Rs.14,000 crore is repayable by the end of March. Property analysts say in the wake of falling revenues, cash flow constraints and tightening of bank lending, repayment will not be easy for developers.

“Since banks have stopped issuing fresh loans to the sector, developers would resort to high-cost private equity money or refinance debt,” said Parikshit Kandpal, analyst at brokerage firm Ambit Capital Pvt. Ltd. “Essentially a lender’s market in the current scenario, we will see bankers asking developers to pay up even if there is a shortfall of 20-30%.” Kumar Gera, chairman of the Confederation of Real Estate Developers’ Association of India, said bank lending to the real estate sector is crucial. “If banks tighten lending, not only would it up borrowing costs for developers, but it would impact the pricing of the end-product,” he added.

India’s top developer DLF Ltd needs to repay around Rs.1,600 crore of debt by 31 March. It repaid Rs.1,224 crore as of end-September with money raised by selling land as well as stakes in its retail business, according to numbers provided by the company after its second quarter earnings. Its net debt now stands at Rs.19,000 crore. A DLF spokesperson said the company would not comment because of the mandatory silent period ahead of its quarterly results. Housing Development and Infrastructure Ltd (HDIL) has to repay Rs.350 crore by March 2012, and it intends to do so through large land sales and cash flows from its residential transactions, said Hari Prakash Pandey, vice-president (finance and investor relations).

HDIL, which recently sold its suburban Mumbai Popular Car Bazaar land for Rs.800 crore, will use some of the sale proceeds to repay debt. “Though we can actually prepay some of our debt with this money, the macro challenge today is if we should hold on to cash or repay debt considering tightened liquidity conditions that the sector is likely to face,” said Pandey. Typically, advances to commercial real estate projects form only a small part of a bank’s loan book due to the higher risk weight for such lending. Even for residential property, a segment that has fared relatively better, RBI announced a slew of measures in its November policy, including a cap on the loan to value ratio at 80% and a higher risk weight for loans above Rs.75 lakh at 125%. Banks typically lend to commercial real estate projects at 13-14% on 5-10-year tenures.

Property consultants are also worried about how the dozen-odd developers who were looking to go public last year, but still haven’t, will repay their debt. Mumbai-based Lodha Developers Ltd, which was eyeing an initial public offering in 2009-10, has repaid only Rs.850 crore of the Rs.1,650 crore loan it took from Deutsche Bank AG in 2007. Managing director Abhisheck Lodha said the company plans to repay the remaining money in the next few months, largely through internal accruals. “Even if some amount of refinancing of debt takes place, developers will also try to restructure loans to borrow money from the same lender, and that will be expensive,” said another property analyst, who didn’t want to be named.

While revenues did not scale up substantially in the December quarter, robust land purchases have led to increased borrowings. For instance, Indiabulls Real Estate Ltd’s (IBREL) debt mounted by Rs.1,690 crore to Rs.3,340 crore on the back of aggressive land acquisition in the fiscal third quarter, according to reports by brokerage firm Motilal Oswal Securities Ltd.


Slowdown Hit Indian Retail Se

  2011-01-25 05:51:01

After going through a downturn, the Indian retail sector is likely to show positive results this year with several firms witnessing buoyant sales, improved capital management and stable margins, according to ratings agency Fitch. “Retailers in the country are likely to benefit from buoyant sales, improved working capital management and stable margins,” Fitch India said in its report ‘2011 Outlook: Indian Retail’. The retail sector had suffered massively during the 2008-09 downturn with many firms closing stores and holding back on expansion.

The report said the total debt is expected to increase in most cases to fund growing capex requirements as companies focus on cementing their market share and retail footprint. “However, debt levels are likely to be supported by higher operating profits and consequently leverage levels should remain stable and are likely to improve,” it said.
The agency also said it expects liquidity to remain comfortable, led by efficient working capital management.

“Improvements are expected from better inventory management and lower lease deposit levels,” it added. Besides, retail firms are likely to witness stable operating margins this year, depending on each company’s choice on product category. “This, in addition to economies of scale, private label sales mix and discounts from suppliers will help strengthen margins,” the agency said. The report also said small retailers and new entrants are likely to go more aggressive this year, while large players are also likely to face lesser risk in executing their expansion plans.

“Given the size and scale achieved by larger retailers such as PRIL and Shopper’s, their capex execution risk has reduced considerably in line with their reduced pace of expansion,” the report said.


US Based Developer Donald Trum

  2011-01-25 05:49:39

US billionaire real estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the south Asian nation. Trump, who has joined with Mumbai developer Rohan Lifescapes Pvt for his first venture in the country, expects to start marketing the project by March, quoted Donald Trump Jr., Trump’s son and executive vice president at the Trump Organization LLC in the report.

“We are doing a very luxury project with Rohan Lifescapes and we’ll be in India later this quarter to launch it officially,” he added. He declined to give further details on the project. The Trump development is being built on the site of a former hospital in south Mumbai, in a neighborhood dotted with jewelry stores, the only Porsche showroom in the city and next to a Mercedes showroom, said two people familiar with the matter, who declined to be identified before an official announcement.

Rohan Lifescapes focuses primarily on redevelopments. It has more than 60 projects spread across 54 sites, according to its website. It has developed more than 20 million square feet of homes and offices and is currently developing 3.45 million square feet of projects in Mumbai, according to its website. “Our entry has to be in Mumbai and that’s where everything is going on right now in terms of the high-end real estate,” the younger Trump had said earlier. The billionaire has branded buildings from skyscrapers in Manhattan to condominiums in Tijuana, Mexico, Trump World in the South Korean capital Seoul and the Trump Towers Istanbul.


RBI to Review Monitory Policy

  2011-01-25 05:47:55

The rate sensitive sector stocks - banking, real estate and automobiles are in limelight on the bourses a day ahead of the Reserve Bank of India (RBI) monetary policy review tomorrow, January 25. Most analysts are expecting a 25 basis points (bps) rate hike in both the policy rates—repo and reverse repo. This will take the repo rate, or the rate at which RBI infuses liquidity into the system, to 6.5%, and the reverse repo, or the rate at which the central bank drains liquidity, to 5.5%. One basis point is one-hundredth of a percentage point.

The banking shares have now rallied for six consecutive day after the food inflation fell the second week in a row to 15.52% for the week ended January 8, according to the official data released today. Food inflation, having touched 18.32% for the week ended December 25, had declined to 16.91% on January 1. The BSE, banking index, Bankex the second largest gainer among sectoral indices today, has appreciated almost 6% as compared with less than 2% rise in the benchmark index Sensex in the last six days.

Among the individual stocks – State Bank of India, Axis Bank, Andhra Bank, Bank of Baroda and Yes Bank from banking and HDIL, Mahindra Lifespace and Sobha Developers from realty are trading higher by over 2% on the BSE.


RBI’s Decision to Hike Policy

  2011-01-25 05:46:57

Real estate developers and consultants on Tuesday said RBI’s decision to hike policy rates by 25 basis points will affect the sentiment of the property market, but they do not foresee any major impact on housing demand and prices. “The hike in repo and reverse repo rates by 25 basis points will have a sentimental impact on demand, but it may not slowdown the demand in its actuality,” Jones Lang LaSalle India Chairman and Country Head Anuj Puri said.

Home buyers might delay their decision to own property, which would prolong the completion of the transaction, Puri pointed out. On housing prices, Puri said it would remain stable in the metro cities. Commenting on the RBI’s policy, DLF Group executive director Rajeev Talwar said: “The growth of economy is strong, so we do not expect any negative impact on the property demand and prices”. Talwar said he did not forsee any rise in interest rates. Parsvnath Developer chairman Pradeep Jain said that there could be a short-term impact because of rate hikes but would not have major affect on demand, which is directly related to growth in the economy which is firm.

“As far as rate hike impact on real estate sector is concerned, I see a short-term impact initially which is a normal and routine phenomenon. In fact since March 2010, rates have been increased six times but it has not impacted the demand and growth in the sector significantly,” Jain said. Assotech managing director Sanjeev Srivastava said: “It was expected. This will hurt the sentiments of the property market, but will not have any major impact on demand as housing prices are competitive in many markets including Noida.”

Talwar of DLF noted that the government needs to do much more on the supply side to contain inflation. “The more you try to curb demand and not increase housing supply, the prices would rise in long term”.


Sheth launches Vasant Oasis at

  2010-11-26 12:25:40

Sheth Group has launched Vasant Oasis at Borosil Plot, Marol Andheri East Mumbai. It offers spacious 2/3 bedroom luxury apartments starting Rs 1.1 Crore

Investment Options For Non-res

  2010-11-25 03:44:48

For a non-resident Indian NRI who has been away from home, there are many investment options across various categories. However, while other investment options can be timed, investments in real estate have to be planned well in advance, as time and costs overrun to acquire the property will be high. The input and labour costs are increasing. While the short to medium-term investors can shop around for developed plots in order to hedge their bets, long-term investors should invariably look at apartments or villas depending on their family size and future requirements. A number of projects ranging from apartments to villas and penthouses are being launched at various locations across the city.

All Norms Adhered To In Cleari

  2010-11-25 03:44:27

LIC Housing Finance Company, who Chief Executive was arrested by CBI on Wednesday on bribery charges for sanctioning loans, said that it had adhered to all rules while approving loans. All procedures and due diligences consistent with Board approved guidelines have been adhered to in approving the loans, as has been followed in the past, by the Competent Authority, the company said in a statement.

Festive Thanksgiving Centerpie

  2010-11-25 03:40:58

Thanksgiving is a time to give thanks, a time for family and a time for scrumptious food. Given that this holiday usually focuses on the dinner table, why not grace your Thanksgiving table with a lovely centerpiece to include the holiday spirit? Here are a few ways you can incorporate the fall harvest colors and traditional symbols into your table decoration: For all the crafty folks, you can create a table runner using camel (or another harvest color like red, green, orange or gold)-color wool flannel or felt. Cut the fabric to size with a pair of pinking shears. Lay coordinating ribbons along the center of the runner and secure with double-stick tape or a dab of fabric glue, if necessary. You can set any of the above mentioned centerpieces on top or a classic vase with fall colored flowers.

Lorem ipsum

  2010-11-25 03:36:22

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus scelerisque condimentum sapien, vel mollis est venenatis id. Suspendisse in nunc ut orci mollis pretium eu vestibulum elit. Mauris libero nunc, bibendum nec tincidunt a, tincidunt non sapien. Aliquam faucibus posuere luctus. Pellentesque quis elit quis leo facilisis interdum. Sed feugiat, velit eu facilisis feugiat, tortor turpis posuere urna, eu ornare neque lacus quis ante. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Praesent interdum leo et odio tincidunt vulputate. Donec est mauris, luctus vitae rhoncus vitae, accumsan non augue. Nunc sed neque quam. Nunc sed eros mi. Donec quam orci, consectetur vel faucibus volutpat, porta eget libero. Donec ultrices lectus quis leo faucibus fermentum. Nam elementum pulvinar lorem eget vehicula. Quisque blandit quam nec mi laoreet nec venenatis ipsum interdum. Proin ullamcorper lorem eget ipsum adipiscing tincidunt. Suspendisse lectus augue, viverra quis tempus eu, dignissim euismod eros. Mauris facilisis lorem a nulla iaculis ullamcorper. Praesent consectetur risus nec libero dictum a laoreet nisi tristique. Vivamus quis est sed erat commodo fermentum sodales ac arcu. Morbi tortor purus, varius a eleifend tristique, lobortis a libero. Maecenas in risus leo, eget aliquam tellus. Cras at dapibus lectus. Proin ac arcu urna, a scelerisque nisi. In hac habitasse platea dictumst. In tempus, purus pulvinar tincidunt volutpat, sem nulla condimentum dui, non placerat sem turpis sed est. Fusce vel lectus quam, at pretium sem. Integer varius tincidunt volutpat. Nam egestas purus at tortor consectetur hendrerit. Fusce imperdiet laoreet massa, et volutpat massa semper ut. Nullam sed eros odio. Nunc ultrices augue at nulla fermentum tempor. Proin neque sapien, pulvinar laoreet tempor quis, lobortis eu velit. Etiam at est eu felis posuere lacinia convallis eu ante. Nunc porttitor vulputate lectus id posuere. Nam tellus sem, dapibus non pharetra condimentum, facilisis ac odio. Suspendisse at magna at neque ornare congue. Proin nisi tellus, consequat nec rutrum at, sollicitudin sit amet nibh. Vestibulum sapien sapien, molestie porttitor egestas et, auctor ut lacus. Quisque at orci ut mauris commodo placerat eu at sapien. Ut quis erat turpis, quis semper lacus. Duis vitae pellentesque diam. Quisque a egestas odio. Vivamus nec nunc in felis hendrerit congue eget nec nibh. Sed vehicula est ante, vitae vulputate augue. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Proin sed massa mauris, sit amet ullamcorper erat. Praesent accumsan fringilla egestas. Sed venenatis urna eu sem tempor at dictum felis posuere. Praesent tempus, magna non blandit pretium, dui ipsum lobortis libero, et vestibulum dolor ipsum eget lorem. Quisque cursus scelerisque eros, sit amet mattis metus tincidunt a. Aenean aliquam leo dolor. Aliquam dictum dictum neque nec malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec neque nisl, laoreet vitae eleifend scelerisque, ornare non velit. Cras molestie eleifend accumsan. Quisque fermentum elit ut lectus fringilla ultrices. Sed ac arcu orci. In sit amet diam sapien. Suspendisse sagittis sollicitudin volutpat. Suspendisse nec massa ut turpis lobortis tempus. Praesent egestas viverra felis, nec cursus leo pulvinar congue. Ut at sagittis turpis. Vivamus nunc sem, ultricies et tristique in, ullamcorper id dui. Pellentesque consectetur mauris vitae enim lacinia ac dignissim leo sodales. Maecenas erat nunc, ultrices non lacinia in, tincidunt ac risus. In aliquet, turpis sed tempus mattis, ante nisl mollis dui, in rhoncus purus justo nec leo. Donec ultrices scelerisque fermentum. Morbi non mauris erat, vel tincidunt libero. Sed aliquet, arcu sed tempus scelerisque, dui quam adipiscing lacus, vel faucibus orci elit at turpis. In nec libero in est porta malesuada. Praesent viverra interdum pellentesque. Sed nec tincidunt lorem. Donec velit arcu, tristique eget venenatis pretium, ullamcorper ac massa. Quisque non nulla leo. Pellentesque laoreet mi leo.

Host a Stress-Free Holiday Par

  2010-11-25 03:29:07

Although the holidays are a great time to get together with friends and family, the idea of hosting a gathering at your home can be a daunting task. There is a high appeal of having people over my house for the holidays, as I get to stay home and be comfortable in my own space.That being said, there is also a great deal of stress the surrounds it.Here are a few tips I have, and will be using, for hosting this holiday season:
Make a list: I am a huge list person. I like to jot down little to-do lists to keep me organized with the tasks I know I need to do. For Thanksgiving, I have already begun a list of items I need to pick up at the grocery store,decor items to bring out and, of course, the dreaded cleaning list! I feel that by writing down all that you need to accomplish, despite the lists length, it seems more manageable than just in my head.