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New RBI Lending Guidelines for Commercial Real Estate
RBI has recently revised draft guidelines on commercial real estate (CRE) exposures and to align rules with the Basel-II framework, which defined income-producing real estate (IPRE) having a strong positive correlation between the prospects for repayment of the exposure and the prospects for recovery in the event of default, with both depending primarily on the cash flows generated by a property.
Educational Courses in Real Estate Management
Management institutes should start diploma and degree courses in real estate property management open to all irrespective of age limit. Should help people who want to start a career in real estate brokerage and consultancy by imparting genuine real estate knowledge and expertise to investors, employees of real estate project promoters, real estate dealers, financial advisors, bank officials, tax planners and others interested in real estate investment.
Building Bridges between Cities
Moved by graphic television images broadcast from hunger-stricken communities during the 1985 famine in Ethiopia, citizens of Amesbury – a small town in the American state of Massachusetts – decided to offer their "widow’s mite" by contributing towards easing the pain of at least some of the affected families.
Chinese Real Estate Agencies hit by Slowdown
Recently property transactions were down in Beijing, but the worst may have not come yet. Property agencies and brokers in China are the worst hit during this housing downturn as most of real estate developers sell apartments through agents. Hundreds of property agencies were closed in Beijing in last few months as real estate developers in China are also facing a liquidity crisis amid the housing slump and have to suspend some projects and cut jobs. Real Estate Agents are cautious about changing their jobs amid the impending global recession including in real estate industry.





