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MAY
12, 13 & 14, 2007
NATIONAL NEWS
PLACE:
MUMBAI
RBI seeks ECB details from real estate firms
After cautioning over an asset bubble in the real estate sector,
the Reserve Bank of India (RBI) has cracked the whip. The
apex bank has sought clarification from six real estate companies
on their proposal to raise external commercial borrowings
(ECBs).
http://www.businessstandard.com/common/storypage.php?autono=284349&leftnm=1&subLeft=0&chFg=
PLACE: NEW DELHI
Our syllabus is flexible
The Guru Gobind Singh Indraprastha University ’s University
School of Management Studies (USMS), began with specialised
courses in management last year. The courses included MBA
in Banking and Insurance, MBA in Real Estate and MBA in Disaster
Management. On completion of its first year, talking to RAYANA
PANDEY, R K MITTAL, dean, USMS, highlighted the need and relevance
of such specialised management courses.
http://www.businessstandard.com/common/storypage.php?autono=284354&leftnm=6&subLeft=0&Flg=
PLACE: NEW DELHI
Running the realty check
One of the first companies to attract strategic foreign investments
in India's real-estate sector, Mantri Developers is focused
on
residential as well as commercial realty.
http://www.thehindubusinessline.com/iw/2007/05/13/stories/2007051300751500.htm
PLACE: NEW DELHI
The disciplined, not the flamboyant, make money'
The last two years have been excellent for the Indian economy,
raising people's expectations and giving them a feeling of
invincibility.." He adds that 10 years ago the profile
of a person buying real-estate was 40-45 years.
http://www.thehindubusinessline.com/iw/2007/05/13/stories/2007051300631300.htm
PLACE: NEW DELHI
Indians buying homes abroad
In February, chartered accountant Archana and husband Prabhakar,
an engineer in Dubai, planned to buy a flat in Mumbai where
they want to shift jobs in two years.Like Archana and Prabhakar,
who have an ancestral home in Bangalore, an increasing number
of Indians are queuing up to buy real estate in places like
Dubai, London, Malaysia and Bangkok.
http://www.dnaindia.com/report.asp?NewsID=1096472
PLACE: NEW DELHI
TCG plans $500-m PE fund for realty play
The Chatterjee Group (TCG) is looking to set up a $450-500
million private equity fund for investments in real estate.
The group, headed by Purnendu Chatterjee, which has investments
worth $2.5 billion in several sectors, including technology,
BPO and infrastructure, also has a stake in the $1.2-billion
Haldia Petrochemicals. This will be the company’s first
dedicated PE fund for its India investments.
http://economictimes.indiatimes.com/News/News_By_Industry/Finance__Insurance/Finance/TCG_plans_500-m_
PE_fund_for_realty_play/articleshow/2036117.cms
PLACE: NEW DELHI
The disciplined, not the flamboyant, make money'
The last two years have been excellent for the Indian economy,
raising people's expectations and giving them a feeling of
invincibility. Most of us buy real-estate for self-consumption
or long-term investment or a hedge.
http://www.thehindubusinessline.com/iw/2007/05/13/stories/2007051300631300.htm
INTERNATIONAL NEWS
PLACE: AUSTRIA
Five Real Estate Investing and Informational Web Sites Offering
Something Unique and Different
This Site has a product that is often talk about in the real
estate world and has not been use by its fullest by investors.
The Product is a lease option. What makes this $97.00 product
unique is that it in designed to put the tenant at risk. Other
lease option programs have all the forms and tapes on how
to do a lease option, but don't put the tenant at risk.
http://www.pr-inside.com/five-real-estate-investing-and-informational-r122609.htm
PLACE: AUSTRIA
Real Estate Investing in MichiganNREN REIA is A Real Estate
Investing Club in Detroit Metro Area, Michigan.
The Club now recognized for excellent services provide. The
club is in the process of creating a national real estate
on line internet
investor Club. In the month of May the Michigan REIA is sponsoring
six events for its members
http://www.pr-inside.com/real-estate-investing-in-michigan-r122611.htm
PLACE: NEW ZEALAND
Buyer beware; real estate agents watch out
But, when it comes to buying a house, many rely on little
more than luck and crossed fingers. "We have a bit of
a mental block as Kiwis when it comes to our biggest asset,
our house," says Building Minister Clayton Cosgrove.
Gillies Mark Real Estate general manager Euon Murrell said
new companies were springing up to meet demand for building
reports.
http://www.stuff.co.nz/stuff/4058334a1864.html
PLACE: QATAR
Egyptian shares edge up; real estate sector mixed
Egyptian stocks edged up yesterday, with high turnover in
the real estate sector helping the market recover some end-of-week
losses suffered during a correction following a boom in the
sector, trader said. On Saturday, Egyptian and Gulf real estate
firms bought three large tracts of land near Cairo for 13.3bn
pound ($2.3bn), but the stock indexes were barely affected,
and real estate shares were mixed.
http://www.thepeninsulaqatar.com/Display_news.aspsection=Business_News&subsection=market+news&month=May2007
&file=Business_News200705148727.xml
PLACE: BERLIN
Berlin's zeitgeist driving a hyperactive real estate market
A glimpse of this city's real estate pages suggests that just
about anything is for sale: A Brit is turning a former Hitler
Youth headquarters into a luxury club, Americans have bought
up swaths of former Communist-era apartment buildings, a German
company has transformed a red-brick prison into condominiums,
and owners of rooftop flats have never been coyer
http://www.boston.com/news/world/europe/articles/2007/05/13/berlins_zeitgeist_driving_a_hyperactive_real_estate_market/
PLACE: SPAIN
Real estate siesta for Spain?
In the heyday of Spain’s real estate boom a few years
ago, homes were going up so fast brick-makers literally could
not bake the things fast enough, and had to import. The locomotive
driving Europe’s fastest-growing economy was red hot.
Real estate agent Manuel Gonzalez Blas recalls his job was
like working in a grocery store, with customers giddy over
low interest rates lining up to buy. “It got to the
point where people practically had to show up with the money
in their pockets and make a down payment immediately because
otherwise somebody else would buy the house the next day,”
he said.
http://www.naplesnews.com/news/2007/may/13/real_estate_siesta_spain/
PLACE: NEW YORK
Real Estate 101
This week on Real Estate 101 we're opening up some viewer
mail to find out what's on the minds of buyers and sellers
in the Capital Region.
Here to provide us with the answers to your questions is Jim
Pugliese. Jim is a senior instructor with the New York State
Association
of Realtors. Welcome back Jim.
http://www.capitalnews9.com/content/headlines/?ArID=211626&SecID=33
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