MAY
15, 2007
NATIONAL NEWS
PLACE: NEW DEHLI
Arvind mulls foray into real estate
Arvind Mills, the Rs1, 700 crore-textile major is under
pressure due to 75 percent dip in its net profit for the
fourth quarter ended March 2007 mainly attributed to lower
denim sales. Around 300 acres of land may be put to use
for this purpose while capitalizing on the current rising
real estate prices in Ahmedabad, by next year.
http://www.fibre2fashion.com/news/companynews/arvindmills/newsdetails.aspx?news_id=35052
PLACE: BANGLORE
Bangalore IT majors eye Mysore option
Migration of IT companies to Mysore due to its proximity
to Bangalore (150 km) is driving residential and retail
real estate developments and pushing up prices in some parts
of the city.
http://www.businessstandard.com/common/storypage.php?autono=284499&leftnm=0&subLeft=0&chkFlg=
PLACE: KOLKATA
Future group on realty space hunt
Future Group, one of India 's largest retailers, is scouting
for land in Kolkata and the rest of eastern India to set
up its various retail formats available in India . It should
therefore be set up at a location where real estate prices
are lower," said Sandeep Marwah, head – east
zone, Pantaloons Retail, Future Group's flagship enterprise.
http://www.businessstandard.com/common/storypage.php?autono=284498&leftnm=0&subLeft=0&chkFlg=
PLACE: MUMBAI
Ritz-Carlton to open 1st hotel in Bangalore
The Ritz-Carlton Hotel Company, leader in global luxury
hospitality, has announced plans for its first hotel project
in India . This project marks Nitesh Estates’ foray
into the hospitality segment, one of the fastest growing
and a lucrative segment for the real estate and construction
industry.
http://economictimes.indiatimes.com/News/News_By_Industry/Services/Hotels__
Restaurants/Ritz-Carlton_to_open_1st_hotel_in_Bangalore/articleshow/2046095.cms
PLACE: MUMBAI
Oversupply of India office rental space growing, says consultants
A growing oversupply of quality office space in major Indian
cities apart from Mumbai will lead to a plateau in rentals
and then a correction even though demand will remain healthy,
real estate consultants DTZ said.
http://www.livemint.com/2007/05/14134234/Oversupply-of-India-office-ren.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: MUMBAI
Wedding bells send cash registers ringing
Indian weddings, long renowned for their penchant for lavish
spending, are attracting corporate across a clutch of industries,
transforming the wedding services industry into a more organized
business. Real-estate developer Omaxe Ltd, which has filed
initial listing documents with the market regulator, is
building three wedding malls slated for completion by end-2007.
http://economictimes.indiatimes.com/Wedding_bells_send_cash_registers_ringing/articleshow/2044704.cms
PLACE: NEW DELHI
UAE firms eye Indian real estate pie
With its booming economy, the Indian market is surely attracting
a lot of attention, especially from the United Arab
Emirates (UAE). Some of the renowned real estate companies
of the UAE which participated in the fair are Al Fajer Properties,
Damac, Star Giga, Sherwood and Best Homes that are investing
in hotels, malls, healthcare, housing and IT parks all over
the
country with the key centres being Mumbai, Delhi, Chennai
and Hyderabad.
http://timesofindia.indiatimes.com/NEWS/India_Business/UAE_firms_eye_Indian_real_estate_pie/articleshow/1912297.cms
INTERNATIONAL NEWS
PLACE: THAILAND
Zenath Real Estate to develop AED 2 billion worth of Hotel,
Commercial and Residential Projects in UAE
In line with its strategic growth and expansion strategy,
Zenath Real Estate, one of UAE's leading property development
companies and a part of the Khalid Abdullah Al Ghurair Group,
has announced the launch of a string of new hotel, residential
and commercial projects in the UAE worth AED 2 billion.
http://www.asiatraveltips.com/news07/155-ZenathRealEstate.shtml
PLACE: NORTH CAROLINA
Chicago real estate financing firm expands to Phoenix
Commercial real estate veteran Gregory K. Miskovsky was
named managing director of Financials new Phoenix office,
where he will introduce the Chicago company's commercial
real estate financing, investment banking and capital services
to the Southwest market.
http://www.bizjournals.com/phoenix/stories/2007/05/14/daily11.html
PLACE: NAVIOS MARITIME
Business Digest: Real estate office buys ‘room to
grow
Coldwell Banker Colonial Real Estate is expanding its offices
at 4201 N. Prince St. “After purchasing Kenneth Realty,
we did not have enough room for all of our agents, so the
expansion will consist of offices for our agents as well
as room to grow,” said marketing director Holly Glenn
in an e-mail.
http://www.qcsunonline.com/articles/real_21504_clovis__article.html/mexico_estate.html
PLACE: NEW ZEALAND
Real estate institute negligent & incept, says lawyer
One of the lawyers representing an Auckland woman who died
after waiting almost three years for the Real Estate Institute
to resolve a complaint says it is negligent and inept.
http://www.radionz.co.nz/news/latest/200705151455/real_estate_institute_negligent_and_inept,_says_lawyer
PLACE: AUSTRALIA
Real estate vs. US Dollars: Which is the better investment?
You are always telling readers to avoid getting into housing,
stocks and hedge funds,” began our harshest critic
yesterday. “But what are they supposed to do? It seems
to me people who buy things - whether it be works of art
(which you seem to like to make fun of too) or shares in
companies, or real estate - are really doing the right thing,”
my wife Elizabeth continued.
http://www.dailyreckoning.com.au/real-estate-3/2007/05/15/
PLACE: FLORIDA
Commercial real estate group eyed
An organization for those connected with the commercial
real estate profession wants to launch a Southwest Florida
chapter.
http://www.naplesnews.com/news/2007/may/14/commercial_real_estate_group_eyed/
PLACE: WASHINGTON
Market Conditions
Seattle , Washington , is a diverse city with a healthy
-- maybe even booming -- 2007 real estate market. Local
experts are reporting
, "The urban condo market is hot," with condo
prices rising faster than single family homes -- a first.
"Inventory can not keep up with
demand."
http://realtytimes.com/rtcpages/20070515_mrktconditions.htm
PLACE: NEW YORK
Housing Bubble and Real Estate Market Tracker
Here's our summary of articles and data points on the housing
market. It's part of Seeking Alpha's coverage of the real
estate market and
homebuilder stocks.
http://usmarket.seekingalpha.com/article/35495
PLACE: NEW YORK
Real Estate Florida Grows Advisory Board
Additional industry professionals have been named to Real
Estate Florida ’s editorial advisory board. The latest
experts focus in the
Central and Northern regions of the state.
http://www.globest.com/news/905_905/newyork/160603-1.html
PLACE: ALGERIA
“We cannot satisfy all needs for real estate scarcity”
El Khabar: Finance ministry order the fund to withdraw from
real estate sector, what are developments operated up to
now?
http://www.elkhabar.com/FrEn/lire.php?ida=69018&idc=52
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