NOV
10, 2006
NATIONAL NEWS
Place: New Delhi
Courts told to be cautious on realty disputes
Real estate firms may not get relief if government authorities
cancel the auction of land in public interest. The Supreme
Court has ruled that courts should not interfere in such
decisions, if taken in larger public interest.
http://economictimes.indiatimes.com/articleshow/387344.cms
Place: New Delhi
RIL, Xander eye biggest PE realty deal
This has the making of the biggest PE deal in the real
estate sector. Xander Real Estate Partners, a fund floated
and managed by Siddharth Yog, is in advanced talks for
taking around 25% stake in RIL’s Bandra-Kurla project
that is being developed as a residential, commercial and
retail complex spread across the 20-acre property.
http://economictimes.indiatimes.com/articleshow/387056.cms
Place: Bangalore
SEZs expected to propel demand in southern cities
The move to set up Special Economic Zones (SEZs) for IT
and ITeS sectors is likely to propel the southern cities
to the next level of IT revolution-backed by huge office
space off-take.
http://www.business-standard.com/smartinvestor/storypage.php?leftnm=0&subLeft=10&chklogin=N&autono=264348&tab=r
Place: Mumbai
Draft housing code could transform Mumbai
Developers happy, but implementation could take time as
several laws would have to be amended.
http://www.business-standard.com/smartinvestor/storypage.php?leftnm=0&subLeft=10&chklogin=N&autono=264346&tab=r
Place: Kolkata
E&Y study predicts larger projects, sub-urbanisation
The Indian real estate industry is poised to emerge as
one of the most preferred investment destinations for
global realty and investment firms and is therefore likely
to be transformed.
http://www.business-standard.com/smartinvestor/storypage.php?leftnm=0&subLeft=10&chklogin=N&autono=264345&tab=r
Place: New Delhi
Soros eyes retail, realty to start his India story
The India story seems to have caught the attention of
George Soros. The investor, who is among the richest people
in the world, is eyeing companies in agro-based industries
sector, retail and real estate as entry vehicles into
India.
http://timesofindia.indiatimes.com/articleshow/386964.cms
Place: New Delhi
Property firm Colliers enters Indian real estate market
.
The move officially marks Colliers International´s
entry into the Indian retail real estate market, which
is predicted to experience double digit growth, with more
than 300 shopping centres expected to come on line by
2010.
http://www.property-report.com/aprarchives.php?id=247&date=081106
Place: New Delhi
OBC to review rates by Nov-end
In its mid-year review of the credit policy, the RBI had
warned about the sharp increase in banks’ loan exposure
to housing and commercial real estate sectors.
http://www.business-standard.com/banking/storypage.php?tab=r&autono=264305&subLeft=1&leftnm=2
INTERNATIONAL NEWS
Place: New York
Commercial Real Estate Seen As Strong
Judging by recent profit figures, many of the biggest
commercial real estate companies have been unscathed by
the housing market slowdown.
http://www.chron.com/disp/story.mpl/ap/fn/4323759.html
A real estate reckoning
A year ago, local and national real estate markets were
roaring off the charts.
http://www.oregonlive.com/metrosouthwest/oregonian/index.ssf?/base/metro_southwest_news/1162688113295550.xml&coll=7
Foreign residents invested $1.15b in real estate
in Jan-Oct
Foreign residents continue to invest large sums in Israeli
real estate assets, particularly in residential apartments.
Bank of Israel figures indicate that foreign residents
acquired $102 million worth of land and apartments in
October, following acquisitions worth $79 in September.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000151166&fid=942
Changes in Real Estate Arena Prompt Focused Approaches
Market conditions that now challenge Realtors and confound
sellers also are opening wide doors that once were merely
ajar.
As the local home sales market cools down after several
hot years, area real estate sales specialists are focusing
on specific services formerly given only passing attention
by both agents and owners.
http://www.observernews.net/artman/publish/article_001847.shtml
