23rd
Feb, 2007
NATIONAL NEWS
PLACE: NEW DELHI
RBI bans NBFCs from real estate speculation
After making it difficult for banks
to lend to real estate, the Reserve Bank of India (RBI)
has placed restrictions on finance companies investing in
real estate, reports Economic Times.
http://www.myiris.com/newsCentre/newsPopup.phpfileR=20070223102035048&dir=
2007/02/23&secID=livenews
PLACE: NEW DELHI
Budget should focus on PSE, Real Estate sector reforms
India is on roll. GDP number continued to inch up quarter
after quarter. Consumer spending is on the rise.
http://www.moneycontrol.com/india/news/mfexperts/indiamanufacturing
/budgetshouldfoc/market/stocks/article/268392
PLACE: MUMBAI
Garment makers foray into retail
To cash in on the retail and the realty boom in India ,
global and domestic garment manufacturers are foraying into
retail malls and township development in India , apart from
collaborating with retail developers to expand their businesses
http://www.financialexpress.com/fe_full_story.php?content_id=155710
PLACE: NEW DELHI
FIIs subscribe to 70% of Power Finance Corp's public issue
Power Finance Corp, or PFC, the stock which will list on
Friday, has very strong subscriptions and indications are
that it may not list poorly
http://www.moneycontrol.com/india/news/ipolistingstrategy/pfcidfc
/fiissubscribeto/market/stocks/article/268448
PLACE: MUMBAI
RBI moves start making an impact
The Reserve Bank of India ’s attempts to control the
high credit growth seem to be bearing fruit.
http://dnaindia.com/report.asp?NewsID=1081544
PLACE: NEW DELHI
Want to buy a wing today
A man, who by his own admission is passionate about his
aviation business, Manav Singh also keeps in touch with
ground realities by indulging in another passion of his—eating
dhaba food while zipping around the country.
http://www.financialexpress.com/fe_full_story.php?content_id=155690
PLACE: NEW DEHI
Real estate fund
Real estate venture funds, which have been launched so far,
were closed-end in nature. So, you can’t get into
those funds now.
http://www.telegraphindia.com/1070219/asp/business/story_7411401.asp
INTERNATIONAL NEWS
PLACE: SYDNEY
Real estate listings skyrocket – report
The number of properties coming onto the market in Sydney
and in January rose by 100 per cent and 200 per cent in
Sydney and its regions, figures from property group Raine
& Horne offices show.
http://www.news.com.au/business/story/0,23636,21274191-31037,00.html
PLACE: RICHMOND
House OKs proposal to give homeowners real estate tax break
The House of Delegates voted 97-0, without debate, to approve
a constitutional amendment that if enacted would provide
most homeowners in Virginia a 20 percent break on their
real estate taxes.
http://content.hamptonroads.com/story.cfm?story=120014&ran=218912
PLACE: LONDON
Movers: Apollo bids £1 billion for real estate firm
Apollo Management, the U.S. buyout firm run by Leon Black,
offered about £1 billion for Countrywide, the largest
British residential real estate broker, less than a month
after its shareholders blocked another private equity bid.
http://www.iht.com/articles/2007/02/21/bloomberg/bxmove.php
PLACE: TORONTO
Blockbuster deals predicted for commercial real estate
This will be a blockbuster year for commercial real estate
activity as increasing buyer interest and easy access to
capital push prices higher and pave the way for several
major deals, industry experts predicted yesterday.
http://www.theglobeandmail.com/servlet/story/RTGAM.20070222.wrealestate0222/BNStory
/Business/home
PLACE: SOFIA
Bulgarian banks enter the real estate market
10% of the Bulgarian bank treasuries plan to create subsidiaries
for real estate trade according to analysis of Pari daily.
Raiffeisen Bank started recently such a subsidiary called
Raiffeisen Real Estates Ltd.
http://www.focus-fen.net/index.php?id=n106382
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