PURPOSE DRIVEN PURCHASE...rental yields along with capital appreciation is only limited to commercial real estate which requires large sums of money & generally residential real estate

PURPOSE DRIVEN PURCHASE

SINCE 1918

1

INDEXPAGE NO

The purpose 3

The model 5

The proposal 9

How does it work 10

Current options 11

Enclave : 1200 Sq. Ft | 112.78 Sq. M Villa, Layout Plan, Cost & Rental Returns 12- 15

Enclave : 1500 Sq. Ft | 140.98 Sq. M Villa, Layout Plan, Cost & Rental Returns 16 – 19

Alta Vista : 1800 Sq. ft | 167.2 Sq. M Apartment, Layout Plan, Cost & Rental Returns 20 – 21

Dwellington : 800 Sq. Ft | 74.3 Sq. M Apartment, Layout Plan, Cost & Rental Returns 22 – 23





Location / key features - Enclave / Alta Vista / Dwellington 32 - 35

How well connected is Enclave / Dwellington / Alta Vista to the city 36

Am I buying at the right price 37

Why rental housing is the next big thing 38

Guesture social life spaces 44 – 49

Why branded co-living accommodation for singles/services apartments are proposed here 53 – 52

Frequently asked questions 53 – 58

Promoters background 59

2

THE PURPOSE

Buy a property that can pay for itself & grow with you

3

Ultra Modern Facilities

Prime Location – Walk to work concept

Hub for Office & Educational InstitutionsA PRIME PROPERTY IN BANGALORE

BUY

6 % to 7.50 % rental yield

9+9 years Rental Agreement

10 % increment at the end of 9 yearsRENTAL INCOME

EARN

Long term capital appreciation

BY CAPITAL VALUE INCREASE

GAIN

4

THE MODELMaximizing the rental yield through shared economy.

5

YOU BUY A PROPERTY & LEASE IT TO

A RENTAL HOUSING COMPANY

Pioneering rental housing in a shared economy

6

WILL FURNISH & BRAND IT

Guesture will transform it with all the

goodies for a luxury living rent out on our

state of the art platform that is powered on

technology

X-POD

Y-POD

Z-POD

7

Social Life Spaces – For Young Minds

Guesture - Affordable luxury living for young

professionals & singletons.

A BRILLIANT CONVERGENCE OF 2 DISTINCT ECONOMIES

Shared model – smart

OLD ECONOMY Asset based – safe

NEW ECONOMY

8

THE PROPOSAL

An Innovative Residential Real Estate opportunity offered by SHANDERS, which generates a high

monthly yield (rent) along with potential long term capital appreciation

This product originated from our years of expertise in real estate and our learning that reasonable

rental yields along with capital appreciation is only limited to commercial real estate which requires

large sums of money & generally residential real estate delivers low yields

Through this proposal we offer you an opportunity to enjoy the benefits of high yield along with the

long term capital appreciation in Residential Real Estate which is generally only available in

commercial real estate & with a far lesser outflow compared to commercial real estate

Purchase of a high quality Residential property

100% Asset backed and therefore safe & a secure opportunity

Earn handsome rental income

Having potential for Long Term Capital appreciation along with regular monthly returns

Own and enjoy returns from the asset for generations

9

HOW DOES IT WORK ?

• Upon purchase, a Residential property will be transferred to the purchaser

• The purchaser shall give the property on 9+9 years lease to Guesture

• Guesture will furnish the property at their cost and will operate the apartment as a Branded Co-

Living Accommodation for Singles and/or Service Apartment

• Guesture will pay a fixed yearly rent for the first 9 years & the rent will be increased by 10% for

the next 9 years

• The rent shall be paid on a monthly basis

• The purchaser can foreclose the lease during the lease period, with a 6 months notice

• Purchaser will be liable to pay yearly property tax, income tax & all future applicable taxes on

the rental income received

• All other costs relating to operations, maintenance of the asset & the common areas of the building

shall be borne by Guesture

10

ProjectSize

Sq .Ft | Sq. MAsset Cost

Transaction Cost

Total Cost Annual RentAnnual Yield to Asset Cost

Rent Commences

Enclave 2450 | 230.26 1,73,00,000 14,00,000 1,87,00,000 13,00,000 7.50 % After 6 Months

Enclave 3000 | 282.00 2,20,00,000 17,00,000 2,37,00,000 16,50,000 7.50 % After 6 Months

Alta Vista 1800 | 167.2 1,15,00,000 8,00,000 1,23,00,000 6,90,000 6.00 % Immediately

Dwellington 1350 | 125.4 72,00,000 5,00,000 77,00,000 5,04,000 7.00 % Immediately





CURRENT OPTIONS

12

TYPE -1 - STREET VIEW IN ENCLAVE

13

TYPE – 1 - LAYOUT PLAN IN ENCLAVE

14


15

TYPE – 1 – COST & RENTAL RETURNS IN ENCLAVE

Size of the villa 2450 Sq. Ft | 230.26 Sq. M

Cost of villa Rs. 1, 73,00,000.00

Registration, Impact of GST & other charges Rs. 14,00,000.00

Total cost Rs. 1,87,00,000.00

Starting annual rental yield (First 9 years) 7.50 %

Starting annual rent (First 9 years) 13,00,000.00

16

TYPE – 2 - STREET VIEW IN ENCLAVE

17


18


19

TYPE – 2 - COST & RENTAL RETURNS IN ENCLAVE

Size of the villa 3000 Sq. Ft | 282.00 Sq. M

Cost of villa Rs. 2, 20,00,000.00

Registration, Impact of GST & other charges Rs. 17,00,000.00

Total cost Rs. 2,37,00,000.00


Starting annual rent (First 9 years) 16,50,000.00

ONE OF THE LAYOUT PLANS OF A 1800 SFT | 167.2 SQ.M APARTMENT IN ALTA VISTA

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Area : 1800 sq ft | 167.2 sq m

21

Size of the apartment 1800 SFT | 167.2 SQ.M M

Cost of apartment Rs. 1,15,00,000.00

Registration & other charges Rs. 8,00,000.00

Total cost Rs. 123,00,000.00


Starting annual rent (First 9 years) Rs. 6,90,000.00

COST OF 1800 SFT | 167.2 SQ.M APARTMENT & RENTAL RETURNS

ONE OF THE LAYOUT PLANS OF A 800 SFT | 74.3 SQ.M APARTMENT IN DWELLINGTON

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KITCHEN

11'4"X6'3"

M.TOILET

7'8"X4'6"

TOILET

4'0"X6'8"

BED ROOM

10'0"X11'2"

LIV / DIN

17'8"X11'1"

M.BED ROOM

11'0"X11'2"

BA

LC

ON

Y

11'4

"x3'8

"

Area : 800 sq ft | 74.3 sq m

23

Size of the apartment 800 Sq. Ft | 74.3 Sq. M

Cost of apartment Rs. 43,00,000.00


Total cost Rs. 46,00,000.00



COST OF 800 Sq. ft | 74.3 Sq. M APARTMENT & RENTAL RETURNS


24

Area : 875 sq ft | 81.3 sq m

25

Size of the apartment 875 Sq. Ft | 81.3 Sq. M








26

Area : 1100 sq ft | 102.3 sq m

M.BED ROOM

11'6"X11'8"KITCHEN

7'2"X11'8"

BED ROOM

11'0"X11'0"

LIVING/DINING

18'0"X15'10"

M.TOILET

7'8"X4'6"

BED ROOM

10'0"X11'8"

TOILET

6'8"X8'6"

BALCONY

10'10"X4'0"BALCONY 10'8"X4'0"

27

Size of the apartment 1100 SFT | 102.3 SQ.M








28

Area : 1225 sq ft | 113.8 sq m

M.BED ROOM

11'0"X12'0"

LIVING

11'0"X15'6"

BED ROOM

15'3"X10'10"

DINING

9'0"X12'6"

Toilet

5'0"X7'8"

BED ROOM 11'0"X9'2"

BALCONY

15'1"X4'0"

KITCHEN

12'4"X7'0"

Toilet

5'8"X7'0"

Toilet

5'0"X7'10"

BALCONY

10'10"X4'0"

29









30

Area : 1350 sq ft | 125.4 sq m

M.BED ROOM

11'0"X11'3"

LIVING

11'0"X16'2"BED ROOM

15'1"X10'0"

DINING

9'0"X14'5"

Toilet

5'2"X8'0"

BED ROOM

11'0"X11'1"

BALCONY

14'11"X4'0"

BALCONY

10'10"X4'0"

KITCHEN

12'6"X7'3"

Toilet

5'8"X7'3"

Toilet

5'0"X7'10"

UTILITY

12'6"X3'6"

31








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LOCATION

WHAT ARE THE KEY FEATURES OF ENCLAVE ?

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• 10.5 acres gated community & part of a larger development

• Sustainable, Environment Friendly Development

• Walk to work location

• Located on the proposed 75 mts Peripheral Ring Road (PRR)

• 187 Villas - Vaastu Compliant

• Under ground electric cabling

• Under ground dual piping system for water

• Underground drainage system

• 24/7 power with backup

• Sewage treatment plant

• Amphitheater

• Out door gym

• Children play area / park

• Basket ball court

• Tennis courts

• Six a side football

• Out door bowling alley

• Out door shuttle courts

WHAT ARE THE KEY FEATURES OF DWELLINGTON ?

34


• Vaastu Compliant

• VillApartment ….no common walls

• 50 % open space

• Walk to work location for people working inElectronics City, Phase II

• Clear Marketable Titles

• 406 Apartments in 6 Blocks of 7 Floors each

• 10 Apartments per floor

• 2 passenger lifts per block

• Club House with Pool & GYM

• Fire Fighting Compliant Building

• 24/7 Back up Power Generator

• Sewage Treatment & Recycling Plant

• Solar Water heating system

WHAT ARE THE KEY FEATURES OF ALTA VISTA ?

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• Vaastu Compliant

• VillApartment ….no common walls

• 50 % open space

• Walk to work location for people working inElectronics City, Phase I

• Clear Marketable Titles

• 196 Apartments in 4 Blocks of 7 Floors each

• 7 Apartments per floor

• 2 passenger lifts & 1 goods lift per block

• Club House with Pool & GYM

• Fire Fighting Compliant Building

• 24/7 Back up Power Generator

• Sewage Treatment & Recycling Plant

• Solar Water heating system

HOW WELL CONNECTED IS THE LOCATION TO THE CITY ?

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• Easy Connectivity to the city centre, M.G. Road

– Proposed Signal free corridor from Vellara Junction to Silk Board

– Elevated Expressway from Silk Board to Electronics City

• Easy & fast connectivity to BIAL through the proposed signal free corridor from Silk Board to Hebbal

• On the proposed Peripheral Ring Road, which goes around the city

• 3 Kms from NICE Road

• To be connected through the Metro in Phase II

AM I BUYING AT THE RIGHT PRICE ?

37

ProjectBasic Cost/

(Sq. Ft)

Other Charges/

(Sq. Ft)

Taxes/

(Sq. Ft)

Regn Charges/

(Sq. Ft)

Net Cost/ (Sq.

Ft)

Prestige Sunrise Park 5555 213 692 452 6912

Salarpuria Cadenza 5850 559 765 502 7676

Shoba Silicon Oasis 6929 208 856 560 8553

SNN Raj Green Bay 5593 NIL NIL 313 5906

GM Global Techies Town 3650 789 532 310 5281

Sriram Summit 4390 570 595 388 5943

WHY RENTAL HOUSING IS THE NEXT BIG THINGBecause housing needs of migrant urban youth has changed.

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Wealth

Stability

Job Security

Sense of Ownership

Save for the next generation(s)

CHANGED MEASURES OF SUCCESS

Flexibility

Agility

Experiences

Financial Independence

Geographical Independence

Build Startups

Innovate

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OWNING A HOUSE IS NOT RELEVENT ANYMORE

Long term financial commitment (A TRAP)

Financial Crisis - volatile situations

Precedence – Successful people don’t buy property, they rent.

Lack of interest in possession of material things

40

“Why own a car when I can book a cab anywhere & anytime from my phone?

It’s almost a personal car with a driver.”

MILLENIAL METAPHORS

“Why buy a house in a beautiful location & always go there for a vacation, when I can find a new place every

time through Airbnb in any corner of the planet.”

POPULATIONLIVES IN RENTED SPACE

60%LIVING IN INFORMAL

RENTAL SECTOR

71%Living with no written contract. Mainly due to the underlying

informality of the accommodation itself

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BANGALORE CASE STUDY

The city which is densely populated

with migrant youth

INFORMAL RENTAL SECTOR

Informal-Paying Guest

Informal-Dormitory

Informal-Boarding

Informal-Rooms

Informal-Hostel

42

SO THEY TRY TO FIT-IN THE

WHAT THEY NEED IS A clean, safe and vibrant dwelling place that nourishes

their growth.

43

SOCIAL LIFE SPACESIt is a completely different experience

Guesture provides rental housing facilities for working professionals and students on a “rent a bed basis” along with shared amenities that elevates the living

standards of this segment to a completely new level.

#STUDENT HOUSING#

#SHARED RENTAL HOUSING#

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BASIC NECESSITIES OF LIFEWe have just re-engineered one of the most

YOUTH ONLY SHARED RENTAL HOUSING

THAT TOUCHES THE VERY GUT AND CORE OF THE REAL NEEDS OF YOUTH

THE

FIRST

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WORKING PROFESSIONALS OFOur customers @ Alta Vista

We have a strong community of young minds…

46

STUDENTS OFOur customers @ Alta Vista

We have a strong community of young minds…

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TARGET SEGMENTSSpread across 6 cities in India

P S Y C O G R A P H I C

STUDENTS

1 6 1 7 1 8 1 9 2 0 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 2 9 3 0 3 1 3 2 3 3 3 4

3 5

AGE

WORKING MEN & WOMEN

1 6 1 7 1 8 1 9 2 0 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 2 9 3 0 3 1 3 2 3 3 3 4 3 5

AGE

YOUNG COUPLES

1 6 1 7 1 8 1 9 2 0 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 2 9 3 0 3 1 3 2 3 3 3 4 3 5

AGE

SOCIAL NEED OF

ACCEPTANCE

PRESTIGE

BONDING

ATTACHMENT

COMMUNITY LIVING

HIGH ON SELF WORTH

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SUCCESS FACTORSCatering to the critical needs of youth, creating a mass market

SERVICEAPARTMENT

Expensive

Limited Stock

Limited Service

PAYINGGUEST

Highly Unorganized

Lacks Basics

Small operators

RENTEDHOME

Expensive

Terms dependent on landlord

DEPENDABLE BRAND BY DESIGN

GREAT LIFESTYLE EXPERIENCE BY DESIGN

AFFORDBLE BY DESIGN

HASSLE FREE BY DESIGN

HOLISTIC LIVING BY DESIGN

LUXURIOUS BY DESIGN

CONVENIENT BY DESIGN

BED +

FITNESS WASHING

COOKING DINNING

…

…

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WHY BRANDED CO-LIVING ACCOMMODATION FOR SINGLES/SERVICED APARTMENTS ARE PROPOSED HERE ?

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• Electronics City was conceived in mid-1970 as an Industrial Estate exclusively for Electronic Industries

• Today the industrial estate is an oasis of large, medium and small industries, spanning general industry,

software services, hardware, bio-processing, pharma and high end telecommunications to name a few

• As on date,

• Approximately 200+ Companies on last count and adding every day

• With 3+ lakh employees and exponentially growing

• In addition to contract staff, that comes in on need basis for short term assignments

• In addition to the above, there are dedicated industrial estates that have seen complete traction and businesses

thrive – to name a few Bommasandra, Veerasandra, Hosur, Attibele, etc

• Plus, the geography is seeing spurt of hospitals leading to medical tourism with existing hospitals such as Narayana

Hrudayalaya, Sparsh Hospital and Kiran Mazumdar Shaw Cancer Hospital

• Esteemed educational institutions have come in this belt to meet both industry and personal needs, to name a few –

PESIT, XIME, IIIT, IBAB, Symbiosis, etc

• This has led to the rise of service industries, ancillary industries etc as a part of the growing ecosystem

• Today, it has necessitated a need of temporary blue-chip housing, as a viable alternative, to meet the needs of

customers of these industries, partners, executives from other locations, suppliers and the extended overall ecosystem


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• Also, growing traffic of inbound patients from other parts of India as well as abroad and the resultant health tourism, alsocreate a demand for affordable and at the same time “a cut above the rest”, hospitality services

• Therefore it is no surprise, that various national and international 5 Star & 4 Star chains are interested in building hotels andservice Apartments in this locality, as quoted in various media and by market sources

• With increased focus on providing value to shareholders and cost cutting measures, companies find service Apartments a viablealternative to hotels, especially for medium & long term stays

• Typically, there is a 2.5 - 4 times difference in the rentals between a hotel and a service Apartment, of a roughlycomparable service quality

• To summate, the demand for Service Apartments is driven by

• Increased need for temporary stay for workforce

• Increased travel by patients; meet needs of health tourism

• Increased need for people traveling to Electronics City on business

• To summate, the demand for Branded Co-Living Accommodation for Singles is driven by

• Increased need for the young workforce (Age 22 – 28) which comprises close to 65% of the 3 lakh+ workforce

• Increased status/premium of living demand by this young workforce with all necessity taken care, owing to

• Increased incomes and paucity of time

• Need for industry to correct the bulge in workforce and move to pyramid model and hence younger (and single)workforce being hired

• Shift towards contractual workforce within the industries requiring accommodation of timeframe between 6 – 12 months

• Increased need of interns/students coming into Hospitals and Educational Institutions and Industries


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• The softer but more critical advantages of a value and service proposition in Electronics City are

• Stay near place of work

• Work - life balance

• Time saving and De-stress environment

• Need for logistics planning eliminated

• Need for food met within the standards expected

• Stay near place of treatment

• Access to Hospital

• Access to Doctors and Specialists within the ecosystem

• Value driven management added to the needed care as prescribed

• Stay near place of learning

• Travel time reduced

• Time saving and easy access to amenities within the campus making extended day stay a normal affair

• Ecosystem

• Connectivity to city is in place

• The assimilation process eased for a person coming in new or planning to stay

• The ecosystem itself

FREQUENTLY ASKED QUESTIONS FAQ’S - I

53

1) Why should I buy and is my money secure ?

This product enables you to enjoy the benefits of rent yielding commercial property by parting with

comparatively far lesser money in a residential property

The purchaser gets to enjoy the benefit of monthly cash flow from the date of purchase and shall also

enjoy the entire upside of the appreciation of the Villa/Apartment

The Acquisition cost is at a discount to the average CMP of comparable properties in the near vicinity

The purchaser is 100 % secure by way of a transfer deed executed and registered in favour of the

purchaser

2) When will my returns start ?

The returns shall start from the Day the 100% payment is made

3) How frequently will I get my returns ?

The returns will be payable on a monthly basis and shall be paid on the 10th of every month for the

previous month

54

SL NO Milestone Amount (Rs)

1 On booking 10,00,000.00

2 Within 15 Days of booking 40,00,000.00

3 On registration of sale agreement (within 30 days of booking & signing of construction agreement) 53,00,000.00

4 On completion foundation 6,50,000.00

5 On completion of level 1 of super structure 6,50,000.00



8 On completion of level 1 block work 6,50,000.00



11 On completion of level 1 flooring 6,50,000.00



14 On Handover, possession & registration of sale deed 5,00,000.00

Total 1,73,00,000.00

4) What is the payment schedule of Enclave Type 1 ?

FAQ’s - II

Note: Taxes & registration charges payable at actuals as & when the demand is raised

55

FAQ’s - III

SL NO Milestone Amount (Rs)

1 On booking 12,50,000.00

2 Within 15 Days of booking 50,00,000.00

3 On registration of sale agreement (within 30 days of booking & signing of construction agreement) 67,50,000.00

4 On completion foundation 8,50,000.00










14 On Handover, possession & registration of sale deed 5,00,000.00

Total 2,20,00,000.00

Note: Taxes & registration charges payable at actuals as & when the demand is raised

5) What is the payment schedule of Enclave Type 2 ?

FAQ’s - IV

56

6) What is the payment schedule of Alta Vista ?

Within 30 days of booking

7) What is the payment schedule of Dwellington ?

Within 30 days of booking

8) When will the Villa/Apartment be registered in my name ?

Once the Villa/Apartment is fully ready & on receipt of the entire consideration amount along with the

registration charges. The Villa/Apartment will be transferred by way of an Absolute Sale Deed

9) What are the nature of documents to be executed with Guesture ?

A registered rental agreement will be executed between the purchaser and Guesture

10) When will the rental agreement be executed ?

The rental agreement shall be executed immediately after the Execution of the Sale Deed in your favour

on the same day

11) Do I have to come anywhere or can this documentation be completed at my place ?

You would have to come to the Sub Registrar office at Bangalore to execute the Absolute Sale Deed &

Rental Agreement for 2-3 hours on the day of registration

FAQ’s - V

57

12) What documents I will take home ?

On the date of registration we shall hand over the Registered Absolute Sale Deed, Registered Rental

Agreement and Encumbrance Certificate till date reflecting your transaction. Subsequently we shall deliver

the revenue records pertaining to the Apartment and the Electric connection duly transferred to your name

13) Do I have to pay any other charges ?

The registration and other charges, is calculated based on the current transfer charges of 6.65% and the

balance is towards other incidental charges. In case of any change in the statutory transfer charges, they

shall be paid extra at actuals

14) Are there any other Taxes payable by me for this investment

As of now, the taxes applicable are clearly mentioned, but how ever if any future taxes become

applicable before the registration of the unit in favour of the purchaser then those taxes will have to be

paid extra at actuals

15) What is then Income Tax applicable on the monthly rent I receive and will there by any deductions ?

As per the current rules you would have to pay Income tax after deducting 30% standard deduction on the

total rent received as per your applicable slab. Assuming one is at highest slab at 30%, the total income tax

outflow will be ~21% on the total rent received

Guesture shall deduct applicable Tax Deduction at Source and shall furnish the TDS certificate

FAQ’s - VI

58

16) Who pays for the building maintenance charges to the society ?

Guesture pays the building maintenance cost to the society over & above the rent paid to you

17) Are Titles for this project clear ?

Yes, the Titles of the project are absolutely clear, the project is approved by various leading nationalised

Banks and HFI’s & Housing Loans are available

18) Can more than one of us can purchase one Villa/Apartment ?

Yes, more than 1 person, can jointly purchase the Villa/Apartment & Guesture will pay the Monthly Rent

Directly to all the owners, in proportion to their investment

19) Can I buy more than one Villa/Apartment ?

Yes, you can buy more than 1 Villa/Apartment

PROMOTERS BACKGROUNDBacked by reputed sponsors

WE BUILD HOMES, INDEED WE BUILD COMMUNITIES

Shanders Properties is part of a group which is nearly a century old and has a rich legacy of innovation and experience. The group was established in the year

1918, has interests across manufacturing, real estate development, international trade, agriculture, retail and defence.

Real estate division was established in the year 1983 with an aim of creating affordable, high quality homes across different price ranges.

4.9 MILLION SQ.FT OF QUALITY

CONSTRUCTION DELIVERED

36 YEARSIN PROPERTY DEVELOPMENT

RESIDENTIAL

PROJECTS 8143,81,400 (SQ.FT)

COMMERCIAL

PROJECTS 09295,000 (SQ.FT)

MIX USE

PROJECTS 07311,200 (SQ.FT)

TOTAL

PROJECTS 9749,87,600 (SQ.FT)

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This invitation and its content is a copyright of Shanders Properties Pvt. Ltd. All rights reserved. Any redistribution or reproduction of part or all of the

content in any form is prohibited other than the following. You may copy the content to individual third parties for their personal use, but only if

acknowledge us as the source of the material. You may not, except with our express written permission, distribute or commercially exploit the content, Nor

may you transmit it or store it in any other form of electronic retrieval system.

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DISCLAIMER

• The contents of this proposal are confidential and are intended only for the personal use of the potential purchaser to whom it is

addressed or delivered

• It is not and should not be deemed to constitute an offer to the public in general

• The contents of this proposal are provisional and may be subject to change

• The forecast revenues, profits and returns shown are forward looking projections. Actual results may differ materially from those

proposed, based on future market conditions

• This proposal cannot be copied, reproduced in whole or in part or otherwise anyway distributed without the prior written approval of

Shanders

• Each potential investor by accepting the delivery of this proposal, agrees to the above

THANK YOUGET A DETAILED PROPOSAL

[email protected]

Mob: 9341203040

#58, 18th B Main, 5th Block, Rajajinagar, Bengaluru – 560 010

mailto:[email protected]

Documents

PURPOSE DRIVEN PURCHASE...rental yields along with capital appreciation is only limited to commercial real estate which requires large sums of money & generally residential real estate