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 Debbie Sample on December 13, 2008 at 12:00 AM

About Debbie Sample
Debbie Sample is affliated with The Pillsbury Group GMAC, which is located in Tyler, TX. For further assistance please use the contact information located on the right.



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Local Information for Tyler, TX

Latitude: 32.334249 -- Longitude: -95.299927


ZIP Codes for Tyler, Texas 75701  75702  75703  75704  75705  75706  75707  75708  75709  75710  75711  75712  75713  75798  75799 
Area Code for Tyler, Texas 903
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Tyler is the county seat of Smith County in East Texas, United States. The city is named for President John Tyler in recognition of his support for Texas' admission to the United States. As of the 2000 census, the city had a total population of 83,650, though recent estimates put the population at around 100,000. Tyler is referred to as the Rose Capital of America because of its large role in the rose-growing industry; about 20% of commercial rose bushes produced in the U.S. are grown in Tyler and Smith County and more than half of the rose bushes are packaged and shipped from the area. It boasts the nation's largest municipal rose garden and hosts the Texas Rose Festival each October. In 1985, the international Adopt-a-Highway movement originated in Tyler when, after appeals by local Texas Department of Transportation officials, the local Civitan chapter adopted a 2-mile (3-km) stretch of U.S. Highway 69. Tyler is also home to the Caldwell Zoo. -- Source: Wikipedia.com




Texas 2000 Census Population Profile Map

Tyler Texas United States
Population 83,650 20,851,820 281,421,906
Median age 34.1 32.3 35.3
Median age for Male 31.6 31.3 34
Median age for Female 36.2 33.4 36.5
Households 32,525 7,393,354 105,480,101
Household population 80,597 20,290,711 273,643,273
Average household size 2.48 2.74 2.59
Families 21,064 5,247,794 71,787,347
Average family size 3.12 3.28 3.14
Housing units 35,337 8,157,575 115,904,641
Occupied units 32,525 7,393,354 105,480,101
Vacant units 2,812 764,221 10,424,540

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Debbie Sample - The Pillsbury Group GMAC
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