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Real Estate in Southern Asia

  • India, Modi Cabinet Clears Real Estate Bill

    INDIA, 2015/12/11 The Union Cabinet, in its conference chaired by Prime Minister Narendra Modi, has approved the Real Estate (Regulation and Development) Bill, 2015 with amendments, as recommended by the Rajya Sabha Committee. Reaching out to the opposition, the Bill envisages provisions for depositing 70 % of the project cost by builders into an escrow account and punishment for violations of the proposed law. The amended Bill, aimed at protecting the interest of the buyers and promoting equitable play in real estate transactions, has various other provisions that will be applicable both for commercial and residential real estate projects.

  • Global Commercial Investments Exceeding Forecasts

    EUROPE, 2013/10/08 World commercial real estate volumes were 16 % higher during the initial three quarters of 2013 compared to the same period last year, as the market continues to surpass expectations. Direct commercial world real estate investments reached $125 billion during the third quarter, increasing three % from the previous quarter and 25 % from last year, according to Jones Lang LaSalle, which tracks 60 nations and additional than 130 world cities. World transaction volumes have been higher than $100 billion for six consecutive quarters, prompting JLL to increase its 2013 projected transaction volumes from $450-$500 billion to $475-$500 billion.

  • World Habitat Day: UN officials call for improved urban resilience, mobility

    WESTERN ASIA, 2013/10/08 Un officials have stressed the need to ensure that cities become additional resilient to natural disasters inclunding provide their citizens with methods of alternative transportation to thrive. The PANA Correspondent in New York reported that the officials made the call in messages to mark the World Habitat Day, observed annually on the initial Monday of October. In his message, UN Secretary-General Ban Ki-moon stated: 'As the effects of climate change increase, urban resilience becomes ever additional necessary.' He said: 'All actors need to work together to save lives, protect assets and guarantee services at the same time as disasters strike', saying that, 'planning is essential to boost the resilience of cities.'

  • Katara Hospitality to develop hospitality, real estate projects in Maldives

    MALDIVES, 2013/05/07 Maldives government has signed a memorandum of considerate (MoU) with Qatar's Katara Hospitality to develop hospitality and real estate projects in the island national of Maldives. The MoU was signed by Maldives Tourism Minister Ahmed Adeeb during the ongoing official visit to Qatar and Sheikh Nawaf bin Jassim bin Jabor Al Thani, Chairman of Katara Hospitality.

  • Real Estate Development Law 2012-08-02

    BANGLADESH, 2012/08/02 National Minister for Housing and Public Works Abdul Mannan said that the government will take stern action if anyone is found involved in violating the Real Estate Development and Management Law. The minister said this while talking to journalists after holding a conference with a delegation of Real Estate and Housing Association of Bangladesh (REHAB) at his ministry on Wednesday.
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