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MAY
9, 2007
NATIONAL NEWS
Place: mumbai
Realty just got more lucrative
In a move that may change the face of real estate investment,
the Securities and Exchange Board of India (SEBI) has cleared
the entry of real estate mutual funds (REMFs). What this means
is that those who wish to invest in the real estate market
no longer have to invest
directly in property; they can simply buy into REMFs that
invest in real estate or related instruments
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=0004ced2-46ab-4a66-ba6a-b81170726cd6
&ParentID=ca1e8614-f4b3-429e-a3bb-ab10883ffa63&&Headline=Realty+just+got+more+lucrative
place: noida
99acres.com introduces a Projects Based Search
99acres.com, India’s No.1 real estate portal has introduced
a new way of searching for real estate projects called ‘New
Projects’. This new segment will feature projects advertised
by real estate developers and promoters, which will serve
as a new tool for buyers to search properties on 99acres.com.
Initially this segment will cover residential projects and
moving forward it will be extended to commercial projects.
http://www.theopenpress.com/index.php?a=press&id=19150
place: mumbai
RBI to redefine commercial realty
The Reserve Bank of India is in the process of reworking the
definition of commercial real estate. The revision is aimed
at taking hospitals and educational institutions out of the
ambit of commercial real estate
http://www.business-standard.com/banking/storypage.php?leftnm=2&subLeft=1&chklogin=N&autono=283717&tab=r
place: mumbai
Indian realtors turn to foreign lands
With the Reserve Bank of India (RBI) restricting banks from
investing in real estate, developers are looking abroad to
raise money.Their valuations touching all-time highs, many
firms are making a beeline for the London Stock Exchange’s
(LSE’s) Alternative Investment Market (AIM) that allows
smaller companies to raise money.
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=43791fc4-24a3-4253-8fe3-f6bf3333eba8&ParentID=
ca1e8614-f4b3-429e-a3bb-ab10883ffa63&&Headline=Indian+realtors+foray+abroad
place: mumbai
Core sector firms cashing in on realty boom
The picture is becoming bigger for the core sector. Lower
margins from infrastructure projects and expectations of a
higher yield from real estate projects have seen many a core
sector company jumping on the realty bandwagon.
http://www.business-standard.com/compindustry/storypage.php?leftnm=1&subLeft=1&chklogin=N&autono=283896&tab=r
place : KERALA
Real estate is booming in kerala, say builders
ANY investment in Kerala’s real estate now, particularly
in the rapidly expanding Kochi, could reap handsome returns,
a builders’ association said yesterday.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=148084&version=1&template_id=36&parent_id=16
place: mumbai
Patel Engg floats realty arm to unlock value
Mumbai-based construction firm Patel Engineering has floated
a real estate arm and is set to transfer all its property
assets into the new entity. The company believes that the
exercise will help it “unlock the intrinsic value”
for the benefit of shareholders.
http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/Engineering/Patel_Engg_floats_
realty_arm_to_unlock_value/articleshow/2020338.cms
place: mumbai
Roller coaster ride for realty stocks
It was an extremely volatile day’s trading for real
estate stocks, a day after Delhi-based DLF announced that
it had received approval for its mega initial public offering.
http://www.business-standard.com/common/storypage.php?autono=283841&leftnm=0&subLeft=0&chkFlg=
place: mumbai
Indian realty in superfast lane
London may top the global property rates chart, but it’s
high-end Indian real estate prices that are growing the fastest
in the world.A new study — ‘Wealth Report 2007’
— by real estate consultancy Knight Frank and Citi Private
Bank shows that prime real estate rates in India, along with
those in Russia and China, soared 40 to 50 per cent over the
last year. The British capital, in comparison, recorded a
price growth of 30 per cent in the high-end
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=ca1e8614-f4b3-429e-a3bb-ab10883ffa63&&Headline=
Indian+realty+in+superfast+lane
INTERNATIONAL NEWS
place: new york
Leading Executives 'Exuberant' About Commercial Real Estate,
Says Study
Real estate industry executives are strongly optimistic about
the outlook for commercial real estate, and view multifamily
as the most attractive real estate investment opportunity,
according to findings of DLA Piper’s 2007 State of the
Market Real Estate Survey, recently released at the Global
Real Estate Summit in Chicago.
http://www.multihousingnews.com/multihousing/headlines/article_display.jsp?vnu_content_id=1003582416
place: bangladesh
‘Profit from housing business should not be at the cost
of city's beauty’
Can any one believe that a hi-up in a real estate company
can talk against land grabbers and unplanned construction
of high- rise structures by private developers? Yes at least
one is there who is none but Sadat Selim.
http://www.financialexpress-bd.com/index3.asp?cnd=5/9/2007§ion_id=11&newsid=60657&spcl=yes
place: japan
Is It Time for Japanese Real Estate?
Americans who think they're suffering in the current housing
market should be happy they didn't buy Japanese real estate
in the early 1990s. Housing prices may be starting to fall
in many parts of the U.S. , but it's still nothing compared
to the decline in prices in Japan . Between 1990 and 2005,
land prices in Japan plunged by as much as 70% in some areas.
But in the past year, those prices have finally started to
recover.
http://www.fool.com/investing/international/2007/05/08/is-it-time-for-japanese-real-estate.aspx
place : united states
Will China Emerge as a Global Landlord?
European and U.S. investors have recently been channeling
money into Chinese real estate. Now, property-market executives
are increasingly expecting China to return the favor.Currently,
Chinese investors are prohibited from investing in real estate
abroad,
unless the project has the backing of the Chinese government.
But many property-market executives say they are seeing increasing
interest from Chinese investors
http://online.wsj.com/article/SB117866606766396468.html?mod=googlenews_wsj
place: new york
American Real Estate Partners, L.P. Announces Earnings Call
American Real Estate Partners, L.P. (NYSE: ACP) ("AREP")
today announced that it will hold a conference call to discuss
financial and operational results on Thursday, May 10, 2007
at 10:00 a.m. Eastern Time
http://sev.prnewswire.com/banking-financial-services/20070508/NYTU19408052007-1.html
place: united arab emirates
Real estate counters lead rally on markets
The real estate sector continued to drive the rally on the
UAE bourses yesterday, adding Dh3.3 billion to the market
value of the listed shares.In Dubai, the general index advanced
0.66 per cent to 3,981.99 on account of strong gains made
by Emirates Bank International (EBI) and Arabtec
http://www.gulfnews.com/business/Markets/10123959.html
place: mexico
Mexican Property Can Cost Less, but Process is Costlier and
Slower Than in U.S.
The warm climate of Mexico, its low cost of living and the
relatively cheap real estate draw Americans by the hundreds
of thousands.
http://www.builderonline.com/industry-news.asp?sectionID=26&articleID=494655
place: jordan
‘Burooj Properties’ launches a Property Investment
Project in Jordan
During its participation in Cityscape Abu Dhabi, Burooj Properties,
a solely owned subsidiary of Abu Dhabi Islamic Bank, launches
property investment products within its property development
project ‘Burooj Jordan’ located in Al Jeezah -
south Amman. In addition, the company will allocate part of
its booth in the exhibition for its Jordanian real estate
projects to be presented to attendees of the exhibition taking
place during June 8-10, 2007 in the UAE.
http://www.albawaba.com/en/countries/UAE/212677
place: new york
AIG Teams With REX Group to Offer Home Equity-Like Product
AIG Financial Products Corp. bought an unspecified minority
stake in a company that offers non-loan home equity products.
The real estate company, called The REX Group, enables homeowners
to cash in some of the equity in their homes
without taking out a loan. Instead, homeowners agree to grant
The REX Group a percentage of the future value of the home.
http://www.banknet360.com/news/NewsAbstract.do?na_id=8816&service_id=1&bi_id=
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