NOV
08, 2006
NATIONAL NEWS
Place: Mumbai
Market looks to new IPOs for scaling fresh peaks
To raise about Rs 1,000 crore each, two companies –
real estate developer Parsvnath and infrastructure provider
Lanco Infratech –
have launched initial public offerings (IPOs) today
http://www.business-standard.com/smartinvestor/storypage.php?leftnm=lmnu6&subLeft=1&autono=264010&tab=r
Place: New Delhi
ORBIS' India Fund gets $75M to Start
ORBIS Real Estate Advisor Partners L.P. announced that
they have closed ORBIS Real Estate Fund I, an investment
fund that will
provide more than $300 million for residential development
projects in Southern India .
http://www.cpnonline.com/cpn/specialties/article_display.jsp?vnu_content_id=1003353408
Place: New Delhi
Morgan Stanley's got an eye on India
The world's biggest ever property fund, which is estimated
to raise USD 8 billion, has India firmly on its radar.
Morgan Stanley's
latest property fund could pour big bucks into the Indian
real estate market reports CNBC-TV18
http://www.moneycontrol.com/india/news/business/morganstanleymantridevelopers
/morganstanleysgoteyeindia/market/stocks/article/249661
Place: New Delhi
Rate hike for commercial realty likely
Bankers may decide to redraw their exposure to sensitive
sectors, in order to divert credit from real estate to
sectors such as
manufacturing, SME and agriculture.
http://economictimes.indiatimes.com/articleshow/347946.cms
Place: Mumbai
Corporates may lose credit to retail
Mohan said bank credit has been largely broad-based, although
some sectors, such as housing and other retail and commercial
real estate, have expanded more rapidly.
http://www.business-standard.com/banking/storypage.php?tab=r&autono=264050&subLeft=1&leftnm=2
Place: New Delhi
Law to check builders from fudging FAR
Unscrupulous builders may soon find it impossible to hide
behind terms like "super area" to conceal the
real floor area of
apartments they are selling. A new law to regulate real
estate developers will require builders to exclude common
spaces and balconies
while spelling out the floor space of a residential unit
http://timesofindia.indiatimes.com/articleshow/347842.cms
Place: New Delhi
High growth is helpful in more reforms: Govt
The minister has expressed concern that some sectors were
soaking up too much credit -- notably housing, commercial
real estate and retail loans.
http://www.financialexpress.com/latest_full_story.php?content_id=145741
Place: New Delhi
Troops in skirmish over shop protest in New Delhi
Some commentators have argued that the middle class of
India is being hypocritical in defending the right of
traders to set up shop in
residential areas, while condemning slum-dwellers for
encroaching on public land in city centres
http://www.ft.com/cms/s/0bff2ff6-6e24-11db-b5c4-0000779e2340.html
Place: New Delhi
Buy Gujarat Ambuja Cement
The real-estate sector is really booming here, there has
been lot of aggressive acquisition of land by real estate
developers.
http://www.moneycontrol.com/india/news/stocksviews/ashishkapoorceoinvestshoppe/buygujaratambujacement/
market/stocks/article/249548
Place: New Delhi
India leads retail rental growth in Asia-Pacific
A booming real estate market and a sharp surge in consumer
spending levels have seen India emerge as the biggest
gainer in Asia Pacific
in terms of rise in rentals at its shopping streets, according
to a Cushman & Wakefield study
http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=17220
Place: Calcutta
Mall mania spreads across
But with the real estate boom in Jharkhand after the formation
of the new state, this sector, too, is witnessing a slow
and gradual
growth. Today, several big players have shown an interest
in setting shops in the city and are vying for adequate
plots of land in
and around the city to start their venture.
http://www.telegraphindia.com/1061108/asp/jamshedpur/story_6973694.asp
INTERNATIONAL NEWS
Real Estate Terms – From Easements to Good
Title
When buying or selling a property, it always helps to
have a basic understanding of real estate terms. In this
on going series of articles,
we take a look at definitions starting with “easements"
http://www.bestsyndication.com/?q=110706_terms_real_estate.htm
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/19983
Investment in Overseas Real Estate Gets Riskier
The government Tuesday warned individuals of the growing
risks involved in investments in overseas real estate
amid signs of a downward
correction in home prices in the U.S. and other nations.
http://times.hankooki.com/lpage/biz/200611/kt2006110718592911890.htm
Dominican real estate tourism is booming
The tourism industry in the Dominican Republic has registered
a significant variation with a boom in the sector’s
real estate offer,
according to Luis Lopez, president of the National Hotels
and Restaurants Association (Asonahores).
http://www.dominicantoday.com/app/article.aspx?id=19408
