| NOV
11, 2006
NATIONAL NEWS
Place: New Delhi
The real estate boom in India will continue’
We also help corporates plan their real estate proactively.
Many corporates here don’t have a clue about how much
real estate they own, leave alone track its usage.
http://www.expressestates.in/full_story.php?content_id=76911
Place: New Delhi
India Rolling In Rupees
The first place the new moneyed class typically shows off
its cash is with a big house or plush apartment. While demand
for homes over 3,000 square feet--palatial by Indian standards--was
once confined to Mumbai and Delhi, more and more Indians
in smaller cities want big houses, according to real estate
consulting firm Cushman & Wakefield Inc
http://www.businessweek.com/globalbiz/content/nov2006/gb20061109_483915.htm?
chan=top+news_top+news+index_global+business
Place: New Delhi
DLF signs mou with orissa government to develop sez dedicated
to it in bhuvneshwar
The State Government of Orissa on Friday signed an agreement
with India ’s leading real estate developer DLF Limited
to set up Orissa’s first Special Economic Zone (SEZ)
dedicated to Information Technology (IT).
http://press-releases.techwhack.com/5422/sez-dedicated-to-it-in-bhuvneshwar/
Place: New Delhi
Why not SEZs in the Chambal ravines
On the face of it, the special economic zones (SEZs) controversy
showcases the vibrancy of Indian democracy or the precarious
political.
http://www.hardnewsmedia.com/portal/2006/11/658
Place: New Delhi
Its Time to Own a Dream Home
The Indian real estate market is on fire. The banks and
financial institutes are doing brisk business finanicing
the dreams of millions who want to own a house.
http://www.themoneytimes.com/articles/20061110/its_time_to_own_a_dream_home-id-102086.html
Place: Chandigarh
NRIs celebrate US Democrats' victory
Most Democratic Party winners in the United States may not
have ever heard of Chandigarh but a group of non-resident
Indians (NRIs) Friday showed victory of the party in the
US elections could be celebrated thousands of miles and
one time-zone away.
http://www.teluguportal.net/modules/news/article.php?storyid=21024
Place: New Delhi
Property rents go up 100% in Gurgaon
The MCD drive is forcing companies to flee from Delhi to
Gurgaon. The move has shot up commercial A-grade real estate
rentals by almost 100% in the suburb. Prime A-grade space
in the Capital has also shot by up to 66%, whereas prices
in Noida, which has less A-grade space available, are relatively
stable.
http://www.financialexpress.com/fe_full_story.php?content_id=146155
Place: New Delhi
Cinema hall gives way to commercial complex
Real estate boom in Ahmedabad is influencing number of cinema
halls in the city. A mega commercial centre for ready-made
garments fetched 1,700 square yard property at rate of Rs1.7
crore.
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=26034
Place: New Delhi
Farmers land riches in NCR
Guess who’s made the most out of the land boom in
the National Capital Region (NCR). It’s neither the
developer nor the speculative investor. According to unofficial
estimates by the Haryana Urban Development Authority (HUDA),
a set of about 2,000-2,500 farmers and landlords are the
ones to have scored a fortune.
http://economictimes.indiatimes.com/articleshow/402162.cms
Place: Chandigarh
Poor infrastructure affects land prices in Defence Colony
In most cities, normally the defence or cantonment colonies
have well laid-out broad roads, availability of potable
water, drainage system and proper power connections. Thanks
to a good infrastructure, the land in such defence colonies
is available at a high premium.
http://www.tribuneindia.com/2006/20061111/real1.htm#6
Place: Chandigarh
A check list for home buyers & loan seekers
Buying property? Scouting for a loan to buy property? Mulling
payment options while buying property? Contemplating buying
a dwelling unit in a group housing society? Want a house
or flat in a privately- constructed housing colony?
http://www.tribuneindia.com/2006/20061111/real1.htm#4
Place: Chandigarh
Bill to bring cheers to home buyers
There is good news for home buyers. A new Bill to regulate
the real estate developers is on the cards. The proposed
bill would ensure that the investors are not fleeced by
the builders. The Center is currently working on the draft
of the Bill.
http://www.tribuneindia.com/2006/20061111/real1.htm#3
Place: Chandigarh
Curtail credit to real estate: FM
Some impact on high-end products but no major slide in realty
prices, say de-velopers. While some of them feel there could
be across-the-board correctio- ns but this could be assessed
in next few months
http://www.tribuneindia.com/2006/20061111/real1.htm#2
Place: New Delhi
RIL may see 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
INTERNATIONAL NEWS
This week's Real Estate stories
David Lereah has had an easy time of it in the last five
years. The chief economist for the National Association
of Realtors has been the bearer of nothing but good news
to the more than one million members of his trade.
http://www.marketwatch.com/news/story/story.aspx?siteid=mktw&guid=%
7BC1206108-3825-4DBE-BB60-44D06A486430%7D
Real Estate Market Softens
The median price of single-family houses in East Hampton
Town has continued to increase so far this year, but not
as much as in years past, according to data provided by
the Suffolk Research Service.
http://www.easthamptonstar.com/DNN/Default.aspx?tabid=565
Best real estate deals of 2006
It's time to recognize the real estate transactions that
made the biggest impact on the bay area in 2006.
http://tampabay.bizjournals.com/tampabay/nomination/713
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