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New US programme will pay homeowners to sell at a loss
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. The programme, which will allow owners to sell for less than they owe and will give them a little cash to speed them [...]
Continue reading...Investing in NZ real estate
6. February 2010
Serviced apartments in Auckland can be a good parking spot for Indian investors’ money Indians looking to build an international real estate portfolio now have a new investment destination — Auckland, in New Zealand. With 31 per cent of the country’s population (around 1.3 million at present) living there, Auckland is New Zealand’s prime financial centre [...]
Continue reading...Dubai unveils world’s tallest building today
4. January 2010
Dubai is set to open the world’s tallest building amid tight security on Monday, celebrating the tower as a bold feat on the world stage despite the city state’s shaky financial footing. But the final height of the Burj Dubai — Arabic for Dubai Tower — remained a closely guarded secret on the eve of [...]
Continue reading...Dubai sets limit for property rent hikes in 2010
31. December 2009
Dubai has set limits for increase in property rents in 2010 as part of efforts to stabilise the emirate’s realty market, rocked by the debt crisis, a media report has said. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum yesterday issued a decree approving the most recent Real Estate Regulatory Authority’s (RERA) price index, which will [...]
Continue reading...Dubai’s realty slump is deep
19. December 2009
BARGAIN TIME Home prices still falling as economic woes deepen Dubai World’s $60billion (Rs 2,80,800 crore) of debt is not the only bad property news coming out of the sun kissed emirate. Homes bought by investors in the region in 2007 have halved in value, and specialists predict a 20%-30% slide next year as the economic [...]
Continue reading...Dubai mulling new law to protect property investors
29. November 2009
Dubai is considering enacting a law to protect the rights of real estate investors in the Emirate. The city-state’s Real Estate Regulatory Agency (RERA) and the land department are working on new guidelines, which upon the government’s approval, will be implemented early next year, Gulf news quoted Sultan Bin Mejren, Director-General of Dubai Land Department, as [...]
Continue reading...Indian investors cheated out of land in England that never was
20. November 2009
For those who took UKLI’s promise at face value, the dream of owning a piece of English property is turning into a nightmare Shabana Hussain and Abhishek Prabhat The promise of a plot in the idyllic English countryside near London, with an assurance that its price would rocket once regulators rezoned it as residential land, proved too [...]
Continue reading...US realty sales on a high
2. October 2009
Pending sales of existing US homes rose sharply in August, for a seventh consecutive month of gains, reaching the highest since March 2007, data from a real estate trade group showed on Thursday. The National Association of Realtors Pending Home Sales Index, based on contracts signed, was up 6.4% to 103.8, the longest consecutive month-on-month gain in [...]
Continue reading...Lunar land on sale!
30. September 2009
If you couldn’t be the man on the Moon, probably here’s your chance to be that man who bought the land on the Moon! And there’s even an Indian who would like to sell 2,000 acres at $4 an acre. He got it cheap, as, on an average, lunar land costs $20 an acre. The [...]
Continue reading...Indian developers set sights on Sri Lanka’s realty market
29. September 2009
For nearly three decades, politicians from Norway to New Delhi were flying to Colombo to facilitate peace in Sri Lanka. Now, corporate executives from Larsen & Toubro’s AM Naik to Omaxe’s Rohtas Goel may join author-investor Jim Rogers in flying to the once war-torn Indian Ocean island to share a pie of the future prosperity. L&T, Omaxe [...]
Continue reading...‘Shadow’ inventory lurks over US housing recovery
3. August 2009
NEW YORK: The storm may have subsided, but clouds continue to hover over the U.S. housing market as homeowners waiting for prices to rise get ready to flood the market with fresh inventory. Many home owners held off selling during the housing market’s downturn, but with the market showing signs of stabilization, they may now be [...]
Continue reading...Nepal- Expecting Mini Real Estate Boom
21. July 2009
Nepal may not be the obvious next property hotspot but the mountainous country between India and China is experiencing a mini real estate boom as wealthy Nepalese real estate investors seek a safe have for their money, it is claimed. Government figures show the number of new apartments built in Kathmandu rose more than three-fold last [...]
Continue reading...Emaar merger to lift realty market
3. July 2009
The Dubai developer behind the world’s tallest building plans to merge with three rivals owned by the sheikdom’s ruler, in a consolidation aimed at better coping with a global meltdown fuelled weakness in the one-time Arab boomtown’s real estate sector. In a statement posted Sunday on the Dubai Financial Market’s website, Emaar Properties said its proposed merger [...]
Continue reading...Is the housing bust about to take Manhattan?
16. June 2009
New York City real estate prices are looking increasingly shaky as instability in two of the city’s sexier submarkets — second homes in the Hamptons, and new condos in Manhattan — register the latest signs of a housing downturn. Property prices in the Hamptons, a fabled playground of the rich on nearby Long Island, rose steadily for [...]
Continue reading...Historic drop for Manhattan housing market
2. April 2009
Reports estimated a plunge in sales of Manhattan apartments between 47.6% and 60%, although some real estate firms reported median sale prices rose slightly New York: The recession has hammered confidence in the Manhattan real estate market, with first quarter sales falling to their lowest number in decades, experts said. Three reports released Thursday estimated a plunge [...]
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- NOIDA, Greater Noida Flat Booking : but a little cautious
- Delhi : 1000 unauthorized colonies will be regularized soon
- 275-metre ritzy tower to come up in Prabhadevi
- DLF changes tack in city realty market
- MMRDA clears land for 50,000 rental flats
- Gudi Padwa fails to bring cheer to realty market
- Noida Extension is all set to become Delhi NCR’s next budget housing hub
- Ghaziabad : Residents get raw deal from builders , They allege many promises unfulfilled
- Technopark ties up with group of banks for funding
- Ambuja Realty plans Rs.1,065 crore investment
9. March 2010
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