A group of real estate agents rest beside a property advertising board in Beijing on May 3, 2013. Chinese home prices picked up in April in their fifth consecutive monthly rise, an independent survey showed on May 2.
A real estate agent walks by property advertising boards in Beijing on April 1,2013. Chinese home prices picked up in March as buyers rushed to beat new government policies aimed at cracking down on speculation, an independent survey showed on April 1.
Mumbai-based real estate firm Housing Development and Infrastructure (HDIL) has tanked 23 percent in four consecutive sessions to touch a new 52-week low of Rs 49.30 today after rating agency CARE downgraded the company's Non Convertible Debentures to 'default'.
The rating assigned to HDIL's tranche I (Rs 227.87 crore) and tranche II (Rs 1,667.5 crore) non-convertible debentures (NCDs) has been revised downwards from BBB+ to D by CARE, which indicates that instruments are in default or going to default soon. In NCDs developers offer land as security as it is a very real and tangible collateral. The trend is to offer two times the value of funds raised.
A man walks past the window of a real estate agency where are displayed real estate classifieds for sales of apartments, on March 18, 2013, in Paris.
A building is reflected in a window of a real estate agency where are displayed real estate classifieds for sales of apartments, on March 18, 2013, in Paris.
BERLIN, GERMANY - FEBRUARY 28: Arno Paulus (L), a local real estate development opponent, and Thierry Noir, the artist who painted the murals visible behind, make phone calls while standing next to the East Side Gallery, which is the longest still-standing portion of the former Berlin Wall, close to where a new hotel is scheduled to be built on February 28, 2013 in Berlin, Germany. According to media reports the developer in charge of the project plans to remove an approximately 25-meter long piece of the Wall and transfer it elsewhere in order to allow access to the construction site. Critics, including East Side Gallery mural artists and Spree River embankment development opponents, decry the move, citing the East Side Gallery's status as a protected landmark and a majortourist attraction.
