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Inside Real Estate |
Linknet-Columns.com features articles and weekly syndicated columns in specific areas of interest such as Marketing, Travel, Health, Business Opportunities, Product Features, Golf. Advertise with Linknet. Get links and create a powerful online presence. Real Estate Booming in India Dec 28, 2005 - Linknet Real Estate News - Asia Report
Real Estate booming in India - billions to be invested by Rick Hendershot, Linknet Real Estate News December 28, 2005 - Along with other business sectors, real estate is booming in India. It is expected that more than $3 billion will be pumped into Indian real estate in the next 15 months. Funds for this level of investment will come from North American investors, European real estate funds and multinational developers from the Asia Pacific region, all of whom have been eyeing the opportunities in India. The real estate sector in India is growing at a blistering 30 per cent annually. Yields in India are about 10 per cent with RoIs in the range of 20 per cent. This makes India hot, even compared to other Asian markets. In just three years, the Indian market has gone from a place where only leveraging debt was the objective, to a hot investment opportunity. China considering law to restrict government from expropriating homes China seems to be moving to protect individual property rights -- at least when it comes to the power of governments to take private property to make way for urban construction. This week the Standing Committee of the National People's Congress, discussed legislation which would allow homeowners to sue and seek compensation for property seized by governments for redevelopment. Ying Songnian, a member of the People's Congress, said the legislation would require court approval to take people's homes. "Governmental power will be better supervised if courts have the final say over administrative mandatory sanctions", Ying said. In the past, local Chinese governments have routinely bulldozed homes to make room for new construction, according to Chinese news sources. New luxury hotel in Tokyo Shangri-La Hotels & Resorts operates about 50 luxury hotels and resorts around the world. They plan to open as many as 30 new hotels, mostly in Asia in the next few years. One of these is a new 200-room hotel with three restaurants, banquet hall and spa in the main building called the Marunouchi Trust Tower complex. The complex is being built by Mori Trust Co. right next to Tokyo Station. Mori Trust will sell the whole complex to U.S. insurance company American International Group Inc. The developer will lease the floors for the hotel, and then sublease them to Shangri-La for a term of at least 20 years. Korean economy sluggish, real estate prices stablizied Feeling the pressures of increased competition, higher oil prices dropping export prices and soaring import costs, Korea's economy was stalled in 2005. According to a BBC World report the Korean gross national income showed zero growth. Used to years of more than 5% economic growth, the last three years the Korean economy has grown less than 4%. That has meant considerable youth unemployment in the country. The first half of 2005 saw skyrocketing rents and home property increases in the major cities, forcing the government to introduce real estate controls. These eliminated the increases, but prices have remained high in a time of sluggish economic performance. Real Estate Online Promotion Free Real Estate Articles
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