28th
Feb, 2007
NATIONAL NEWS
PLACE: NEW DELHI
Budget 2007: Experts on real estate
Most buyers look for low-cost housing around Rs 15 to Rs
25 lakh. To get a house in that range is tough. This is
why the buyer is not willing to repose faith in the market,
feels Hitesh Oberoi, Director, 99acres.com.
http://www.moneycontrol.com/india/news/property/buyersmarket/budget2007exper
/market/stocks/article/269024
PLACE: NEW DELHI
Carving a niche
Money is where luxury is. A real estate group eyes the moneyed
footfalls as it sets out to put big brands under one roof
in Bangalore .
http://www.businessstandard.com/common/storypage.phpleftnm=
lmnu6&subLeft=10&autono=276038&tab=r
PLACE: NEW DELHI
Budget may help increase cross-border M&A deals: IndusView
Advisors
With the government setting the tone for a capital subsidy
of 25 per cent on investments for setting up semi-conductor
and nano-technology manufacturing units, the forthcoming
Union Budget for 2007-08 held the promise to help cross-border
mergers and acquisitions in these sunrise sectors.
http://www.domain-b.com/economy/budget/union_budget_2007/20070227
_cross-border.html
PLACE: NEW DELHI
Inflationary pressure to persist
The government may not be able to check the inflationary
pressure despite taking several measures to arrest rising
prices.
http://dnaindia.com/report.asp?NewsID=1082332
PLACE: NEW DELHI
India poised for higher growth
Vigorous growth with strong macroeconomic fundamentals have
characterised developments in the Indian economy in 2006-07
so far.
http://budgetwithet.economictimes.indiatimes.com/India_poised_
for_higher_growth/articleshow/1697014.cms
PLACE: NEW DELHI
A1Books.com Establishes a Foothold in India Book Marketplace
A1Books.com founder Shinu Gupta isn’t letting a little
competition threaten his company’s uphill climb. With
revenues of 20 million last year, A1Books may be the David
to Amazon’s Goliath presence in the U.S. bookselling
business, but Gupta is setting his sights now on India ,
his birthplace.
http://press-releases.techwhack.com/7784/a1books.com/
PLACE: NEW DELHI
UPDATE 1-Deals of the day -- mergers and acquisitions
The following bids, mergers, acquisitions and disposals
involving European, U.S. and Asian companies were reported
by 1000 GMT on Tuesday
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=
2007-02-27T103112Z_01_SP100079_RTRIDST_0_MERGERS-DEALS-
UPDATE-1.XML&rpc=66&type=qcna
INTERNATIOANL NEWS
PLACE: VICTORIA
Real estate agents' rules to ban rental auctions
New national real estate guidelines will be introduced to
ensure desperate renters are not ripped off.
http://www.abc.net.au/news/newsitems/200702/s1859207.htm
PLACE: MANAMA
GFH taps professional for its real estate arm
Gulf Finance House (GFH) has appointed Nick Judd as senior
executive director of its Real Estate Fund Management arm
http://www.gulf-daily-news.com/Story.aspArticle=171258&Sn=
BUSI&IssueID=29345
PLACE: SINGAPORE
Starwood and Morgan Stanley Real Estate create joint venture
to acquire
Sheraton Grande Tokyo Bay
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
and a fund managed by Morgan Stanley Real Estate have entered
into a definitive joint venture agreement to acquire the
Sheraton Grande Tokyo Bay Hotel
http://www.hotelmotel.com/hotelmotel/article/articleDetail.jsp?id=407697
PLACE: NEW YORK
‘‘In New York , Real Estate Is a Blood Sport’
Not too much, which is good. They asked for it. They thought
it would clean up the site, eliminate all of the repostings.
http://www.observer.com/20070305/20070305_Chris_Shott_location_sitdown.asp
PLACE: ROMANIA
Real estate in Bucharest yields 1,500% profit within 8 years
The prices of real estate in certain areas of Bucharest
have increased 14 times since 1999, when a two-room apartment
could have been bought for 5,500 euros in a fairly central
area of the city.
http://www.zf.ro/articol_113993/real_estate_in_bucharest_yields_1_500__
profit_within_8_years_.html
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