| NOV
15, 2006
NATIONAL NEWS
Place: New Delhi
HDFC launches its operations in London, UK
Indians in England can now look forward to owning a piece
of their motherland. In an endeavour to facilitate the Indians
in
England acquire property in India, Housing Development Finance
Corporation Limited (HDFC) has launched its operations in
London.
http://www.moneycontrol.com/india/news/pressmarket/hdfclondon/hdfclaunchesitsoperationslondonuk/market/stocks/article/251011
Place: New Delhi
Bank warns on India property prices
Indian property prices are rising uncomfortably fast, according
to the country’s central bank chief, who has warned
financial institutions against excessive lending to the
real estate sector.
http://www.ft.com/cms/s/d3bf73a0-7411-11db-8dd7-0000779e2340.html
Place: New Delhi
Bank loans to risky sectors rise 19%
Following a boom in the domestic real estate market, banks’
exposure to sensitive sectors increased sharply to 19% of
the total loan
book in 2005-06. Lending to sensitive sectors (real estate,
capital markets and commodities) increased to Rs 2,86,691
crore during
2005-06, an increase of 75% over Rs 1,63,831 crore recorded
last year.
http://www.financialexpress.com/fe_full_story.php?content_id=146528
Place: New Delhi
Kalra on sustainibility of realty boom
The action is hotting up in the real estate market. A growing
economy has fuelled demand for modern offices, hotels, residential
apartments and retail space.
http://www.timesnow.tv/Kalra_on_sustainibility_of_realty_boom/articleshow/442824.cms
Place: New Delhi
I-T officials raid Eros Group premises
Income Tax sleuths on Tuesday raided at least 30 premises
of Eros Group, which has interests in real estate and hospitality,
in the national capital and neighbouring states for alleged
tax evasion.
http://economictimes.indiatimes.com/articleshow/443002.cms
Place: Mumbai
Central bank warns on India property prices
Indian property prices are rising uncomfortably fast, according
to the country's central bank chief, who has warned financial
institutions
against excessive lending to the real estate sector.
http://www.euro2day.gr/articlesfna/23960250/
Place: Chennai
BJP to release report on SEZ: Venkaiah
The BJP's proposed document on Special Economic Zones (SEZs)
with several new points would not only be given to the
Centre but also be taken up in the winter session of Parliament,
senior BJP leader M Venkaiah Naidu said here today.
http://www.chennaionline.com/colnews/newsitem.asp?NEWSID=%7BF0143C16-B186-4277-B6D0-F80849CEA573%7D&CATEGORYNAME=CHN
Place: New Delhi
Interest in Indian real estate on rise
A burgeoning economy, coupled with policy reform on investment,
has skyrocketed the demand for Indian real estate,
especially among foreign investors
http://www.indusbusinessjournal.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=
Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=935419989A9D4FA2864713C34E346603
INTERNATIONAL NEWS
Place: Dubai
Ishraqah to invest billions in real estate all over the
world
Ishraqah, a new real estate development company recently
launched in the UAE, is set to invest Dh6 billion ($1.6
billion) in the
coming two years in real estate projects around the world.
http://www.gulfnews.com/business/Real_Estate_Property/10082624.html
No guarantee on real estate profits
Owning real estate is an investment. The value of that investment
can go up or down. Recently, here in central Maryland,
the price of houses has actually gone down by $20,000 to
$30,000.
http://www.dailyrecord.com/apps/pbcs.dll/article?AID=/20061114/OPINION02/611140321/1095/NEWS01
Place: China
Macau to host Asian real estate fair
Macau is to host an Asian real estate exhibition on December
5 and 6, which will bring together sector and banking specialists
to discuss the development of the market in the region,
officials said.
http://www.macauhub.com.mo/en/news.php?ID=2355
In real estate, women call the shots
If real estate agents want to survive in today’s market;
they must sit up and take notice of women home buyers.
http://www.infolink.com.au/articles/D3/0C0472D3.aspx
Real estate chill cuts into state tax income
Florida ’s slowing real estate market means fewer
than expected tax dollars will flow to Tallahassee next
year, making it harder
for Governor-elect Charlie Crist and other state leaders
to fulfill campaign promises.
http://www.sptimes.com/2006/11/14/State/Real_estate_chill_cut.shtml
China's real estate investment rises 24.3 percent
in first three quarters
China's real estate investment soared by 24.3 percent in
the first three quarters to 1.3 trillion yuan (165 billion
U.S. dollars),
the People's Bank of China, the central bank, said Tuesday
in its third-quarter monetary policy report.
http://english.people.com.cn/200611/15/eng20061115_321488.html
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