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Property Developers to Face Chinese Cooling Measures

April 27th, 2011

          

As the Chinese government looks to regain control of the country’s burgeoning property market, real estate developers are expected to be the next in line to face cooling measures. The ruling party has already cut bank lending to developers and restricted them from raising money in the stock market in an attempt to bring the country’s red hot real estate market under control. It has also raised banks’ reserve requirements to cool inflation, and central bank governor Zhou Xiaochuan said earlier this week that monetary tightening will continue for “some time”. And now

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Tags: Cooling, Cooling Measures

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Indian Firms Established 24% More FDI Projects Overseas in 2010

April 22nd, 2011

Indian, South Korean, Japanese and Chinese companies were among the fastest growing investors overseas in 2010, according to the fDi Intelligence report. The overall ranking of the world’s leading locations for FDI remained unchanged in 2010 in terms of number of greenfield FDI projects attracted, with US at the top followed by China, UK, India and Germany. Chinese firms also increased the number of jobs created overseas by 10 per cent and capital investment by 2.5 per cent in 2010. China ranked eighth in the world by capital investment and job creation overseas.

Indian companies established 24 per cent more FDI projects overseas in 2010, making India the ninth largest investor by number of projects in 2010. I

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Tags: 2010, Projects Overseas

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IT Department to Probe Suspected Real Estate Deals

April 18th, 2011

The Income-Tax department is planning to look into all suspected real estate deals to check involvement of black money component and tax evasion in such transactions in the past few years. The drive will begin in New Delhi and gradually extend to other metros.

“Property deals will be reviewed starting with Delhi and action will be taken in appropriate cases,” Central Board of Direct Taxes (CBDT) Chairman Sudhir Chandra told reporters on Monday. The I-T department has raided premises of many real estate developers, including the major players, in the past few years after it received many complaints of the involvement of black money in these deals.

Officials said they unearthed black money from most of the builders who were searched. The

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Tags: Deals, Estate Deals, Real Estate, Real Estate Deals

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German Commercial Property Markets ‘On the Mend’

April 17th, 2011

          

German office markets appear to be on the mend, with the majority of cities reporting year-on-year gains in the first three months of 2011. It follows a period of inactivity and rental falls which started back in 2009, Colliers International has revealed. The office leasing markets in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich and Stuttgart all finished the first quarter of the year up from 2010 figures, with some of the gains quite substantial, according to an analysis by the property consultancy. “Overall, we noted take up of space totalling 602,200 square meters in the six cities, equivalent to an increase of some six per cent in comparison to the first quarter of 2010. This resu

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Tags: Mend

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Michigan’s Spalding DeDecker Associates hires new municipal engineering department manager

April 12th, 2011

Phillip Westmoreland is the new municipal engineering department manager at Rochester Hills, Mich.-based Spalding DeDecker Associates, a civil engineering, landscape architectural and surveying firm.

Moreland is responsible for all municipal infrastructure improvement projects, including water distribution systems, sanitary sewer collection systems, stormwater management, road design, pedestrian pathway design and site plan reviews.

Westmoreland is an active member of the American Council of Engineering Companies/Michigan, and brings more than 16 years experience in the industry.

Tags: Department Manager, Engineering Department, Engineering Department Manager, Manager

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