1st
& 2nd May, 2007
NATIONAL NEWS
PLACE: NEW DELHI
Sebi chief unfazed by concern real-estate IPOs will slacken
India’s market regulator is serious about clamping
down on manipulation by real-estate companies inflating
their land banks to boost value and is unfazed by concerns
that new disclosure norms will keep realty companies from
tapping the market. “I believe if that is the case
then they should not be there in the first place,”
said M. Damodaran, chairman of the Securities and Exchange
Board of India (Sebi), while addressing a meeting organized
by the Tamil Nadu Investors’ Association.
http://www.livemint.com/2007/05/02093303/Sebi-chief-unfazed-by-concern.html
PLACE: NEW DELHI
JeM using realty money for terror: US
The US State Department's annual report on global terrorism,
titled "Country Reports on Terrorism", has confirmed
the worst fears of National Security Advisor M K Narayanan,
stating that the pro-Pakistan Jaish-e-Mohammed was investing
in the commodity
market and real estate to raise funds for its terrorist
activities.
http://www.ibnlive.com/news/india/05_2007/jaish-minting-money-from-real-estate-for-terror-us-39541.html
PLACE:NEW DELHI
Realty firms on shaky ground
Was the real estate euphoria just a bubble waiting to burst?
The current financial year will reveal the answer.
Access to capital is the main challenge facing real estate
developers today. Most of the developers rely significantly
on the money made from pre-launches for financing the project
construction. As the home loans have become more expensive
and a price correction seems imminent, consumer interest
has faded. This has a direct impact on a builder’s
ability to develop a project.
http://www.businessstandard.com/compindustry/storypage.php?leftnm=1&subLeft=2&chklogin=N&autono=283116&tab=r
PLACE: NEW DELHI
Realtors make hay as Singur prices zoom
Amar Ghosh, a real estate broker, is negotiating a deal
with a Mumbai-based company for 65 acres around Singur,
40 km from Kolkata, at Rs 22.5 lakh (Rs 2.25 million) per
acre.The last deal he did before work began on the Tata
Motors' small-car project in this fertile potato-growing
belt was at Rs 450,000 per acre.
http://inhome.rediff.com/money/2007/may/02singur.htm
PLACE: NEW DELHI
Home Cable to distribute 4 European channels in India
Home Cable, one of India ’s privately held multi-operating
systems companies, will distribute four channels in India
, the company has signed an agreement with Europe 's Thema
TV. The channels to be introduced are EuroNews, Trace TV,
C Music and Luxe TV.Luxe TV is the first full HDTV channel
and is an international TV network dedicated to the luxury
world, covering six luxury sectors like real estate and
home design, sports and leisure, hotels and gastronomy,
beauty and fashion, cars and yachting, and jewellery and
watches. While, C Music is an international classical ‘music
video’ channel and takes a pop style approach to the
presentation of classical music, as well as other related
genres such as chill-out cinema and crossovers.
http://www.televisionpoint.com/news2007/newsfullstory.php?id=1178025813
PLACE: KOCHI
Three new projects fuel boom in Kochi
A move by the Kerala state government to set up a Smart
City at Kochi has triggered off a fresh rally in real estate
prices in the central districts of Kerala, especially in
and around Kochi .
http://www.businessstandard.com/common/storypage.php?autono=283059&leftnm=0&subLeft=0&chkFlg=
PLACE: NEW DELHI
Industry bodies see surge in membership as economy booms
The strong growth in the Indian economy has spurred membership
for the three apex national chambers,
Confederation of Indian Industry (CII), Federation of Indian
Chambers of Commerce and Industry (FICCI) and the Associated
Chambers of Commerce and Industry, (Assocham) over the last
three years.“Our membership was stagnant for a long
time,’’ said D S Rawat, Secretary General, Assocham.
The surge “is largely because many multi-national
and Indian companies from the new economy sectors, such
as telecom, information technology and real estate, are
joining industry bodies to protect their interests,”
he said.
http://www.livemint.com/2007/05/01065611/Industry-bodies-see-surge-in-m.html
PLACE: BANGALORE
Your next home could be in Malaysia
What do you do with your disposable income? Well, for those
of you who love travelling and think of keeping the
price factor down a bit as well as make a good investment,
you may not have to look too far. “What we are looking
at is a concept where real estate helps boost the tourism
industry. Given the large disposable incomes of people in
India and the growing urge of a holiday destination, we
are confident that the response from India will be tremendous,"
said Arif.
http://timesofindia.indiatimes.com/Your_next_home_could_be_in_Malaysia/articleshow/1982154.cms
PLACE: MUMBAI
Home Cable to distribute 4 European channels in IndiaDelhi-based
MSO Home Cable today announced an exclusive
agency agreement with Europe 's Thema TV to distribute 4
new channels in India . Luxe TV is an HD (High Definition)
TV channel that is dedicated to the "world of luxury"
and covers six sectors: real estate & home design, sports
& leisure, hotels & gastronomy, beauty & fashion,
cars & yachting and jewelry & watches.
http://www.indiantelevision.com/headlines/y2k7/apr/apr430.php
PLACE: NEW DELHI
Asian Metals Market Update for 1st May, 2007
The months of May and June have forty five trading session
of comex future trading. Each day in these months
will be memorable. Gold and silver will hot up with the
summer heat. One should expect higher volatility for the
next two months. $700 and $730 for spot gold and $1500 and
$1600 for spot silver will be watched by investors. Failure
to edge them could spell losses of ten
percent to fifteen percent. There will be also be questions
over the longetivity over the US dollar weakness. Central
bank will be
tested on their currency gains against the US dollar. I
will also be watching for the real estate market and looking
for early signs of cool
down not just in euro zone and UK but also in India . Hurricane
and weather related news will dominate crude oil prices
apart from refinery
supply constraints.
http://news.goldseek.com/InsigniaConsultants/1178028480.php
INTERNATIONAL NEWS
PLACE: AUSTRALIA
NZ calls for real estate industry overhaul
The New Zealand government is calling for an overhaul of
the country's real estate industry. It follows revelations
that an
agent fined for misleading clients was named one of the
country's top salesmen. Sean Cosgrave first came to the
attention of the corporate Commerce Commission watchdog
for not telling a Hamilton couple that an apartment block
was to be built right next to the house he sold them.
http://www.radioaustralia.net.au/news/stories/s1912450.htm
PLACE: AUSTRIA
Real Estate Club Offers Major Networking Event for Detroit
Metro Real Estate Investors and Home Buyers
A place for inspiration and real estate education is the
Mega Evening Event (www.megaeveningevent.com ). This is
most
progressive real estate Club to appear in the Detroit Metro
Area. Ken Nickell, club member said 'When you go to their
meeting- they are about service. The Club Co-founders Mark
Maupin and Urvi Mehta are always making sure the quest get
their questions answered. The club always has experts in
any field like: Kirk Falvay, Real Estate Attorney, Commercial
Real Estate Trainer and Coach, Pat Winter, Whole expert
Roy Frank, Lease Option Expert and Speaker, Mark Maupin,
Property Managers, Mortgage Brokers, Investor real estate
agents, Tile Companies. You name they have expert on subject
that can address your questions.-
http://www.pr-inside.com/real-estate-club-offers-major-networking-r111074.htm
PLACE: CANADA
Network Communications, Inc., publishers of The Real Estate
Book(R), announces online partnership with LiveDeal.ca
Network Communications, Inc. (NCI), the leading publisher
and provider of printed and online real estate information
and advertising in North America, announced today it has
signed an agreement with LiveDeal.ca that will provide for
all Canadian listings of homes for sale from The Real Estate
Book to be posted on LiveDeal.ca.
http://www.cnw.ca/fr/releases/archive/May2007/01/c3127.html
PLACE: AUSTRIA
The New Quick Home Finder Dot Com, Co-Sponsoring Real Estate
Event for Educating Home Buyers What They Need To Know
When Shopping Insurance For Their Home Nation Real Estate
Network LLC is A Real Estate Investing Club in Livonia ,
Michigan . The Club
now has raised the bar on services provide. In the month
of May the Club is sponsoring five events for its members:
May 17, 2007 Once
Month Club Meeting With National Speaker/ May Event on How
to Make Money in Michigan with out rehabbing the Homes.
http://www.pr-inside.com/the-new-quick-home-finder-dot-r111072.htm
PLACE: CALIFORNIA
No March flowers for Sacramento real estate!
There is nothing positive to report about the Sacramento
real estate market in March. Sales volumes are down, prices
are not
showing any strength, and inventory of available homes continues
to grow. Slice it and dice it anyway you want and I’m
not sure who you are to find anything to feel good about.
Well, I suppose there are a few “bubblers” out
there who seem to take delight in seeing the Sacramento
real estate market in trouble.
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=25867
PLACE: CANADA
InterRent Real Estate Investment Trust Reports FY 2006 Financial
Results
InterRent Real Estate Investment Trust ("the Company"
or "InterRent") today reported the results of
its operations for the
twenty- five day period (the "Period") ending
December 31, 2006. InterRent Real Estate Investment Trust
began operations on December 7, 2006 after its reorganization
into a real estate investment trust (a "REIT").
Prior to its reorganization into a REIT, and completion
of a Plan of Arrangement with Silverstone Equities on the
same date, its business was conducted under the name of
InterRent International Properties Inc. No prior year comparative
data is provided due to the change in corporate structure
and change in fiscal year end.
http://www.cnw.ca/fr/releases/archive/April2007/30/c3105.html
PLACE: JAPAN
CD tied to Japan real estate seeks to make a splash
The 3 1/2-year "Market Safe Japanese REIT CD"
promises that you can earn 100% of the upside price performance
of the
Tokyo Stock Exchange REIT (Real Estate Investment Trust)
Index. Returns on the $1,500-minimum CD are based on the
index gain from the May 22 date of issue of the CD to the
final value of the index at the end of the 3 1/2 years.
May 15 is the deadline to apply for the issue, according
the bank's Web site.
http://www.marketwatch.com/news/story/cdtiedjapanrealeestate/story.aspx?guid=%7BF86BC1BA-AE3E-4D46BA7B61BBE21AEEC0%7D
PLACE: AUSTRALIA
AMP Capital Investors grows real estate team
AMP Capital Investors has appointed a new assistant portfolio
manager to its global real estate securities team. Tim Gibson
leaves Morgan Stanley to join the AMP Capital Investors
team in London. He will be responsible for researching listed
European property companies and will report to global head
of real estate securities, Brett Ward.” We are very
pleased to have Tim joining the team in London. We now have
four members of the real estate securities team located
in the UK and we are looking to recruit further staff,”
said Ward.
http://www.financialstandard.com.au/index.php?id=9907#Scene_1
PLACE: BLOOMINGTON
New real estate agency opens
People who want to buy or sell a house have another choice
for a real estate agency. Exit Heart of Illinois Realty
moved into
its new office space at 1708 E. Empire St., Bloomington
last month and already is busy listing and selling homes,
said Lee Nalewanski, owner of the local franchise.
http://www.pantagraph.com/articles/2007/04/30/money/doc46365db38ae46756195882.tt
PLACE: NEW YORKMHI
Hospitality Announces Real Estate JV With Carlyle Group
MHI Hospitality Corporation (AMEX: MDH) announced today
that it has entered into a joint venture with global private
equity firm The Carlyle Group to source, underwrite, acquire,
develop and operate targeted substantial hotel assets and/or
hotel portfolios.
Carlyle has committed up to $100 million of equity capital
to the joint venture, which allows for individual transactions
to exceed $30 million. Washington, DC-based Perseus Realty
Capital acted as agent and arranger of the venture. Andrew
M. Sims, President and Chief Executive Officer of MHI Hospitality
Corporation, commented, “We are very pleased to announce
this joint venture with Carlyle. The venture enhances our
ability to invest in larger hotel assets and portfolios
and will facilitate further growth of our real estate platform.
http://www.hotelinteractive.com/hi_index.asp?page_id=5000&article_id=7625
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