NOV 19, 2006

NATIONAL NEWS

Place: New Delhi

West Bengal to develop Tier II towns as next-gen IT hubs

The West Bengal Electronics Industry Development Corp (Webel), the state nodal agency ... land are being developed into townships by real estate majors like DLF.

http://www.einnews.com/india/newsfeed-india-real-estate

Place- Bangalore

Restoring city's heritage buildings

The city's ancient buildings and monuments which are testimony to a glorious bygone era will be restored to their historical magnificence with the joint initiative of the Bangalore Mahanagara Palike (BMP) and INTACH (Indian National Trust for Art and Cultural Heritage).

http://economictimes.indiatimes.com/articleshow/476003.cms

Place – New Delhi

Sino-India trade may touch USD50 bn by 2010: ASSOCHAM

Sino-Indian bilateral trade is likely to touch USD50 billion by 2010 and by 2025 both the countries may jointly dominate the world trade completely, according to a study undertaken by the Associated Chambers of Commerce and Industry of India.

http://www.hindu.com/thehindu/holnus/006200611191656.htm

INTERNATIONAL NEWS

Place - Washington

Real estate police protect buyers' rights

The federal government's RESPA police, who have become increasingly active in resolving consumers' complaints through nonpublic interventions with builders.

http://www.freep.com/apps/pbcs.dll/article?AID=/20061119/BUSINESS04/611190526/1017

Place - Nashua

Technology gives real estate agents, buyers new tools

Making transactions smoother and quicker is important in a slow real estate market, experts say.
Existing home sales fell 1.9 percent nationwide in September, while a 1.1 percent drop in private residential
construction spending led to a drop in total construction spending to $1.2 trillion.

http://www.boston.com/news/local/new_hampshire/articles/2006/11/19/technology_gives_real _estate_agents_buyers_new_tools/


Nov 20, 2006

NATIONAL NEWS

Place: New Delhi

Foreign investment versus national security

AS NEW Delhi prepares to welcome the Chinese President Hu ...Chinese President Hu Jintao on his four-day India visit, one issue is certain to crop ... threats and highlighted Russian mafia using the real estate route to pump in money as the ...

http://www.einnews.com/india/newsfeed-india-real-estate

Place: New Delhi

Foreign investors eyeing realty sector

Foreign investors' growing appetite for the booming Indian property market will enable the sector to increase its share in total FDI inflow into the country by at least 10 per cent in 2006-07, a study by industry body Assocham said.

http://www.hindu.com/thehindu/holnus/006200611200324.htm

Place: New Delhi

The Next Hotspots

The next hotspots namely availability and costs of labour and real estate, business environment as well as physical and ... the $15 billion real estate market is India is on a high growth curve growing ... on the other hand, cities like Mumbai, Delhi and Bangalore are at breaking point.

http://www.einnews.com/india/newsfeed-india-real-estate

Place- New Delhi

Devyani International plans IPO for expansion

The Rs 400 crore food and beverage retail franchisee major, Devyani International, which runs KFC, Pizza Hut and Costa Coffee chain of restaurants in India, is contemplating to hit the capital market next year,

http://www.moneycontrol.com/india/news/ipoupcomingissues/devyaniinternationalkfc/
devyaniinternationalplansipoforexpansion/market/stocks/article/251723

Place - New Delhi

Taxing Times

The absence of a uniform tax system forces real estate developers to pay multiple taxes. These taxes are ultimately added to the costs paid by the consumer.

http://www.dailypioneer.com/indexn12.asp?main_variable=URBAN&file_name=urban1%2Etxt&counter_img=1

INTERNATIONAL NEWS

Place – United States

Economy seems to be surviving real estate downturn

According to a report today from the National Association of Realtors, the volume of existing- home sales was down sharply in the third quarter, but if you follow the real estate market (and who in Silicon Valley doesn't?), you're probably not surprised.

http://www.mercurynews.com/mld/mercurynews/business/columnists/business_update/16061048.htm

Place – Wasington

National and Washington news in brief

Americans would have to sign up for a new military draft after turning 18 under a bill the incoming chair of the House Ways and Means Committee says he will introduce next year. ... among the public or lawmakers for it.

http://www.mercurynews.com/mld/mercurynews/news/nation/16057524.htm

Place – Wasington

Home sales plummet in 38 states in 3Q

The feeble U.S. housing market showed more frailty when third-quarter home sales plummeted in 38 states, hitting Nevada, Arizona, Florida and California particularly hard, government data showed on Monday. ... data showed on Monday. The once-booming real estate market's persistent weakness over ..

http://www.mercurynews.com/mld/mercurynews/16059207.htm

Nov 21, 2006

NATIONAL NEWS

Place - Mumbai

Tips for NRIs to buy house in India

Most non-resident Indians and persons of Indian origin want to buy a house in India for themselves or for their family. Generally, NRIs/PIOs have a doubt in their mind as to whether they can invest in a residential house property in India by remitting funds from overseas under the current foreign exchange regulations. This article attempts to address those concerns.

http://economictimes.indiatimes.com/articleshow/498146.cms

Place – New Delhi

RBI may cap bank loans to real estate

The Reserve Bank of India is reviewing banks’ exposure to the commercial real estate sector. This comes on the back of a continuous rise in prices in the sector, even as the regulator has followed prudential norms for taming the flow of bank credit by raising the risk weights for capital allocation.

http://www.business-standard.com/banking/storypage.php?leftnm=lmnu3&subLeft=1&autono=265437&tab=r

Place- Mumbai

Soaring realty puts corporate land owners on a new high

Many corporates have seen a sharp rise in the value of land and buildings, according to their balance sheets for FY06.

http://www.propertybytes.com/

INTERNATIONAL NEWS

Place – New York

Sector Wrap: Real Estate Companies

Shares of a variety of companies that invest in real estate, from shopping mall managers to storage facility operators, got a boost Monday with the news that private-equity firm Blackstone Group would buy Equity Office Properties Trust for a total of $36 billion, adding the purchase price and assumed debt _ a deal being called the largest private-equity transaction ever.

http://www.chron.com/disp/story.mpl/ap/fn/4349095.html

Place – United States

Economy seems to be surviving real estate downturn

According to a report today from the National Association of Realtors, the volume of existing-home sales was down sharply in the third quarter, but if you follow the real estate market (and who in Silicon Valley doesn't?), you're probably not surprised.

http://www.mercurynews.com/mld/mercurynews/16061048.htm