India the next big thing in Real Estate

Source: Times of India

India is being considered as ?the next big thing? in real estate with many Israeli companies lining up for major investments there, a media report here said.

The latest addition to the growing list of possible investors in the Indian real estate sector is US tycoon Shaya Boymelgreen who recently bought Azorim Investment in Israel for USD 500 million from IDB Holding Corp Ltd.

He is joining hands with Nochi Dankner, a prominent Israeli businessman who briefed him over the prospects in the Indian market, busines daily ?Globes? reported.

The two entrepreneurs are in contact and considering a number of joint investments in India, the daily said adding that Azorim Investment CEO David Lev is due to visit India in a few days in this regard.

Meanwhile, Big Shopping Centers (2004) Ltd has already set up an Indian subsidiary, Big India, with a local partner who owns 40 per cent of the joint venture, the report said.

Big India bought two half-acre plots on which it plans to build commercial centres at an investment of USD 40 million.

Another company, Elbit Medical Imaging Ltd. chairman Motti Zisser declared early this year that he planned to invest in India.

The company plans to build three commercial centres in India, which will become an important component of the company?s real estate assets.

?India now resembles the real estate market in Eastern Europe ten years ago. Elbit Medical accumulated great experience in Eastern Europe, and it sees India as an excellent business opportunity,? company sources told the business daily.

Alony Hetz Property and Investments Ltd. controlling shareholder Natan Hetz also recently announced plans to invest USD 100 million with partners in Indian ventures.

Gazit-Globe Ltd., controlled by chairman Chaim Katzman, and Ocif Investments and Development Ltd. controlled by Doron Aviv and Dafna Harlev, are also interested in investing in India, it added.

This article is sponsored by: www.indiarealestateblog.com

Posted by David Caliendo on December 13, 2008 at 12:00 AM

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Local Information for Bangor, ME

Latitude: 44.81087 -- Longitude: -68.783012

ZIP Codes for Bangor, Maine	04401 04402
Area Code for Bangor, Maine	207
Time zone for Bangor, Maine	EST

Other Area Cities: Bangor, ME Old Town, ME

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In 1791, settlers from the area decided to incorporate into a town. The Reverend Seth Noble promoted the name Sunbury, and went to Boston with the settlers' petition (at the time, Maine was part of Massachusetts). It is said that Noble was whistling a hymn written by William Tans'ur called Bangor when the Boston official asked him what he wanted the town's name to be. Noble, thinking that the official was asking him the name of the hymn, replied "Bangor". To many people, this story seems extremely unlikely. In the 19th century, Bangor was a center of the timber and logging business and at one point late in the century was said to be the richest city per capita in the world. Many of the timber barons of the time lived in elaborate Victorian houses that still stand on West Broadway. The city is home to author Stephen King, who lives in one of those ornate houses. It is noteworthy for its large number of substantial old churches, as well as its imposing canopy of shade trees. -- Source: Wikipedia.com

Maine 2000 Census Population Profile Map

	Bangor	Maine	United States
Population	31,473	1,274,923	281,421,906
Median age	36.1	38.6	35.3
Median age for Male	34.2	37.6	34
Median age for Female	37.8	39.6	36.5
Households	13,713	518,200	105,480,101
Household population	29,113	1,240,011	273,643,273
Average household size	2.12	2.39	2.59
Families	7,179	340,685	71,787,347
Average family size	2.81	2.9	3.14
Housing units	14,587	651,901	115,904,641
Occupied units	13,713	518,200	105,480,101
Vacant units	874	133,701	10,424,540

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India the next big thing in Real Estate

Local Information for Bangor, ME

Latitude: 44.81087 -- Longitude: -68.783012

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