NOV
09, 2006
NATIONAL NEWS
Place: New Delhi
Soaring rents force old timers out of Khan Market
The original allottees, who still own the property allotted
to them by the land development authority in 1950s, are
benefitting the most. The rise in property prices is making
many owners shift base after renting out their property
http://cities.expressindia.com/fullstory.php?newsid=208936
Place: New Delhi
Monetary policy kept eye on capacity creation: Kamath
Are there signs that the economy is overheating? Is investment
in real estate in the country a speculative one
http://www.suburbanchicagonews.com/beaconnews/news/127179,2_1_AU08_EAST_S1.article
Place: New Delhi
Over 150 builders, dealers, and suppliers to congregate
at the opening of the 1st Jaaydaad Expo-cum-Sale World
Tour 2006-07
Jaaydaad.com , India ’s largest real-estate network
provider, today announced that the 1st Jaaydaad Expo-cum-Sale
World Tour 2006-07 will commence from December 15, 2006
at Hall No. 14, Pragati Maidan, New Delhi .
http://www.indiaprwire.com/pressrelease/real-estate/20061108980.htm
Place: Mumbai
Now an academy for a career in construction
We are targeting to create a pool of multiple talent in
construction industry. We are in talks with National Academy
for Construction to set up an academy”. And why
not? Special Economic Zones (SEZs) are the buzzword now.
And with the emergence of these island of tax free real
estate plots, India is witnessing a boom in construction
activities across the country.
http://www.business-standard.com/common/storypage.php?autono=264063&leftnm=6&subLeft=0&chkFlg=
Place: New Delhi
Bill for investor protection education to be tabled soon
It has also launched innovative tradable products such
as Gold Exchange Credit Fund (in which gold was the underlying
credit asset) in the market. Recently, SEBI approved the
Real Estate Mutual Funds - of which some modalities were
being worked out-so as to strengthen the housing industry",
he added
http://www.indlawnews.com/F188818105665FB04655DF1D04DC262C
Place: Mumbai
Residents, realtors hit MIG jackpot
Middle income group (MIG) residential colonies constructed
by the state housing board about four decades ago have
become the latest hunting ground for Mumbai's leading
builders.
http://timesofindia.indiatimes.com/articleshow/374646.cms
Place: Bangalore
Hovnanian warns of losses
Hovnanian said it expects to report a net loss in the
fourth quarter due to land related charges amid a persistent
slowdown in the U.S. housing market.
http://money.cnn.com/2006/11/08/news/companies/hovnanian.reut/?postversionfiltered=2006110807
INTERNATIONAL NEWS
Place: Dubai
Insurance cover for SGG projects
UAE-based real estate developer Star Group Global (SGG)
has signed a major insurance deal for its projects such
as the 17-storied Yacht Bay tower and the 34-floor Royal
Oceanic, both located at Dubai Marina
http://www.tradearabia.com/tanews/newsdetails_snREAL_article114056_cnt.html
Place: Aurora
East sets mandate for land appraisals before sale schools
will need real estate appraisals
Months after several residents began raising concerns
over how East Aurora school officials managed the 2004
sale of district-owned property, the School Board has
created a new policy that will require officials to seek
real estate appraisals every year.
http://www.suburbanchicagonews.com/beaconnews/news/127179,2_1_AU08_EAST_S1.article
CalCoast forging ahead in real estate
A famous quote in the real estate industry states 'Underneath
All is The Land,' and the constantly changing ownership
of this land requires financing.
http://www.indiapost.com/members/story.php?story_id=5802
Place: New York
Kerala Center to honor seven achievers
The Indian American Kerala Cultural and Civic Center has
announced the names of six Indian American Malayalees
and an American to be awarded for their outstanding achievements
in their field of specialization and service to society
http://www.indiapost.com/members/story.php?story_id=5788
Real estate industry plays down interest rate
rise impact
The region's real estate industry says people with mortgages
would have factored in the latest interest rate rise.
http://www.abc.net.au/news/items/200611/1784362.htm?midnorthcoast
